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Financial Statement ended 30 Sept 2025 - JECC.pdf
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CONSOLIDATED FINANCIAL STATEMENTS
FOR THE NINE-MONTH
30 SEPTEMBER 2025
PT JEMBO CABLE COMPANY Tbk
JL. Pajajaran Kel. Gandasari,
Kec. Jatiuwung, Tangerang 15137
Indonesia
Phone : +62 21 5919442
Page 2
f PT JEMBO CABLE COMPANY TbK.
:I
Head Office & Factory:
JL. Pajajaran Kel. Gandasari, Kec. Jatiuwung, Tangerang 1 5 1 37 Indonesia
Phone: +62 21 591 9442
Marketing Office:
Mega Glodok Kemayoran Office Tower B 6th Floor. Jl. Angkasa Kav. 8-6,
JEMBO CABTE Kemayoran Jakarta Pusat
Phone : +62 21 6570 1511, 2937 1222
Together We Grow Website : http://wwwjembo.co.id
BOARD OF DIRECTORS STATEMENT
REGARDING
THE RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE
NINE-MONTH
PERIOD ENDED SEPTEMBER 30,2025
PT JEMBO CABLE COMPANY TBK AND IT'S SUBSIDIARIES
We, the undersigned:
1. Name Antonius Benady
Office Address Jl. Pajajaran, Kel. Gandasari, Kec. Jatiuwung, Tangerang
1 5137
Domicile as Stated on lD Card Jl. Taman Kosambi Timur F 1/63, RT.005 RW.OO9, Kel. Duri
Kosambi, Kec. Cengkareng, Jakarta Barat
Phone Number (021 ) 2937 1 222, 59 1 9 442
Position Director
2. Name Jimmy Wijaya Joeng
Office Address Jl. Pajajaran, Kel. Gandasari, Kec. Jatiuwung, Tangerang
1 5137
Domicile as Stated on lD Card Neo Catalonia Blok CC/22 RT 005 RW 01 3, Kel. Ciater, Kec.
Serpong, Kota Tangerang Selatan, Banten
Phone
T I tut te Number
t\ut ilugl (021) 2937 1 222, 59 1 9442
Position Director
Hereby declare that:
1' We are responsible for the preparation and presentation of consolidated financial statements of
the Company and its subsidiaries;
2. The consolidated financial statement have been prepared based on the lndonesian Financial
'Accounting
Standard and Regulation of the lndonesian Capital Market and Financial Instituion
supervisory Agency (Bapepam-LK) and Guildelines for the presentation and Disclosure
of
Financial Statements imposed by Bapepem-Lk;
3' a. All information contained in the consolidated financial statements is complete and correct;
b. The consolidated financial statements do not contain misleading material information
or facts,
and do not omit any material information or facts;
4. we are responsible for the company's internal control system.
This statement is made truthfully.
erang, 28 October 2025
Direktur Direktur
Manaqement system
lSO9001:2015 lSO1400l:2015 1SO45001:2018
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2025
( Expressed in thousands of Rupiah, unless otherwise stated )
ASSET
31 Dec 2023/
INFORMATION Notes 30 Sep 2025 31 Dec 2024 1 Jan 2024
Current assets
Cash and equivalents 4 149,085,937 152,459,072 158,098,144
Restricted cash 272,098 843,380 -
Bank guarantees 5 - 3,258,643 3,258,643
Trade receivables : 6
Related parties 31 414,787,379 352,105,802 294,301,387
Third parties 777,132,729 766,367,141 644,197,352
Other receivables 7
Third parties 9,501,751 4,834,771 12,574,301
Related parties 31 - - -
Inventories 8 553,535,349 603,141,592 429,872,712
Prepaid taxes 28 36,090,742 62,275,229 22,376,495
Advances 10 24,549,766 16,164,592 17,621,138
Prepaid expenses 9 2,782,633 5,217,274 11,271,617
Total current assets 1,967,738,384 1,966,667,496 1,593,571,789
Non-current assets
Estimated claims of income tax 28 259,575 6,302,850 10,945,752
Investing 11 9,720,000 9,720,000 9,720,000
Property, plant and equipment 12 541,216,817 526,751,151 508,469,454
Intangible assets 13 3,207,762 4,270,944 -
Deferred tax assets 28 46,113,193 45,336,544 38,857,141
Other non-current assets 14 731,251 731,251 731,251
Total non-current assets 601,248,598 593,112,740 568,723,598
TOTAL ASSETS 2,568,986,982 2,559,780,236 2,162,295,387
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2025
(Expressed in thousands of Rupiah, unless otherwise stated)
LIABILITIES AND EQUITY
31 Dec 2023/
INFORMATION Notes 30 Sep 2025 31 Dec 2024 1 Jan 2024
CURRENT LIABILITIES
Short term bank loans 15 971,740,012 1,120,637,150 735,678,554
Trade payables 16
Related parties 32 123,435,731 99,815,251 83,866,695
Third parties 398,792,465 298,093,474 330,278,446
Other payables – Third parties 17 12,218,017 25,291,302 11,131,830
Tax payables 28 9,332,804 54,296,138 10,015,505
Advances from customers – Related parties 32 - - 92,349
Third parties 18 17,949,299 19,622,243 99,502,728
Accrued expenses 19 3,047,258 10,410,395 20,424,372
Employee benefits liabilities 31 5,227,675 15,300,755 10,276,045
Current maturities of 15
long-term finance lease liabilities :
Bank loans 2,096,102 5,251,134 458,057
Finance leases 20 739,440 3,537,881 2,077,772
Total current liabilities 1,544,578,803 1,652,255,723 1,303,802,353
Non-current liabilities
Finance leases liabilities - net of 15
Current maturities
Bank loans 42,817,733 17,028,440 267,200
Finance leases 19 2,773,959 2,509,748 1,862,001
Employee benefits liabilities 31 64,473,834 57,310,461 63,515,730
Total non-current liabilities 110,065,526 76,848,649 65,644,931
TOTAL LIABILITIES 1,654,644,329 1,729,104,372 1,369,447,284
EQUITY
Share capital – par value Rp 100,- par share (2023:Rp
500,- par share)
Authorized – 3.000.000.000 shares (2023:600.000.000
shares)
Subscribed and paid-up- 756.000.000 shares 21
(2023:151.200.000 shares) 75,600,000 75,600,000 75,600,000
Additional on paid-in capital 22 3,900,000 3,900,000 3,900,000
Retained surplus- Appropriated 35,000,000 30,000,000 27,500,000
Unappropriated 511,406,112 432,739,342 396,456,276
Other comprehensive 288,428,933 288,428,933 289,385,404
Equity attributable to owners of the parent entity 914,335,045 830,668,275 792,841,680
Non-controlling interests 7,608 7,589 6,423
TOTAL EQUITY 914,342,653 830,675,864 792,848,103
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TOTAL LIABILITIES AND EQUITY 2,568,986,982 2,559,780,236 2,162,295,387
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
(Expressed in thousands of Rupiah)
INFORMATION Notes 2025 2024
NET SALES 23, 32 2,992,224,182 2,401,384,394
COST OF GOODS SOLD 24, 25, 32 2,731,794,700 2,190,963,701
GROSS PROFIT 260,429,482 210,420,693
Selling expenses (57,418,748) (66,112,730)
General and administrative expenses (46,065,038) (75,175,835)
Sales of damaged goods 3,860,655 1,634,288
Interest income 1,408,113 1,244,563
Gain on sale of fixed assets (895,304) (2,053,371)
Investment income
Loan interest expenses (28,275,112) (12,012,874)
Provisions and bank administration (14,727,667) -
Net foreign exchange gain (2,979,467) (347,380)
Net profit 1,761,406 (65,229)
PROFIT BEFORE TAX (EXPENSES) 117,098,320 57,532,125
BENEFIT (EXPENSES) TAX 22, 32
Current tax (26,648,180) (14,040,338)
Deferred tax 776,649 1,812,056
Net tax expenses (25,871,531) (12,228,282)
NET LOSS FOR THE YEAR IN
DISCONTINUED OPERATIONS - -
NET INCOME FOR YEAR 91,226,789 45,303,843
OTHER COMPREHENSIVE INCOME
Changes in fair value of available for sale investment 2b, 23 - -
TOTAL COMPREHENSIVE INCOME FOR YEAR 91,226,789 45,303,843
Profit attributable to :
Owner of the parent entity 91,226,770 45,303,528
Non-controlling interests 24 19 315
TOTAL 91,226,789 45,303,843
Profit attributable to :
Owner of the parent entity 91,226,770 45,303,528
Non-controlling interests 19 315
TOTAL 91,226,789 45,303,843
(LOSS) ERNINGS PER SHARE *) 2m, 33 120.67 59.93
*) in thousands of rupiah
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
( Expressed in thousands of Rupiah, unless otherwise stated )
Retained earnings (loss) Total equity
Restated-note 2 Attributable to:
Additiona
l on paid- Goods Other Non-
INFORMATION Paid in in available Revaluation comprehensive Owner of Controlling Total
Surplus of
property,
plant,
capital capital for sale equipment income Appropriated Unappropriat the parent entity interest Equity
Balance at 31 Dec - -
2024 75,600,000 3,900,000 288,428,933 30,000,000 432,739,342 830,668,275 7,589 830,675,864
Net income for the
year - - - - - - 91,226,770 91,226,770 19 91,226,789
General reserve - - - - 5,000,000 (5,000,000) - - -
Cash dividend - - - - - (7,560,000) (7,560,000) - (7,560,000)
Balance at 30 Sep - -
2025 75,600,000 3,900,000 288,428,933 35,000,000 511,406,112 914,335,045 7,608 914,342,653
CONSOLIDATED STATEMENT OF CHANGE IN EQUITY
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2024
( Expressed in thousands of Rupiah, unless otherwise stated )
Retained earning (loss) Total equity
Restated-note 2 Attributable to:
Additiona
l on paid Revalution Other Non-
INFORMATION Paid in – in Good available surplus of comprehensive Owner of controlling Total
property,
plant,
capital capital for sale equipment Income Appropriated Unappropriated the parent entity interest Equity
75,600,00 -
Balance at 31 Dec
2023 0 3,900,000 - 289,385,404 27,500,000 396,456,276 792,841,680 6,423 792,848,103
-
Net income for the
year - - - - - 28,821,790 28,821,790 229 28,822,019
(2,500,000) -
General reserve - - - - 2,500,000 - -
(37,800,000) (37,800,000)
Cash dividend - - - - - - (37,800,000)
Balance at 30 Sep -
2024 75,600,000 3,900,000 - 289,385,404 30,000,000 384,978,066 783,863,470 6,652 783,870,122
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
(Expressed in thousands of Rupiah, unless otherwise stated )
INFORMATION 2025 2024
CASH FLOWS FROM APERATING ACTIVITIES
Cash receipts from customers 3,214,674,099 2,559,598,287
Cash paid to suppliers (2,744,208,626) (2,509,394,060)
Cash paid to employees (133,079,467) (129,481,316)
Cash generated from operations 337,386,006 (79,277,089)
Payments of interest and financial cost (98,958,006) (60,663,195)
Payment taxes and others (83,230,418) (84,336,589)
Tax restitution value added tax and income tax 28,386,512 46,443,144
Net cash flows used in operating activities 183,584,094 (177,833,729)
CASH FLOW FROM INVESTING ACTIVITES
Interest received 1,408,113 1,244,563
Perolehan aset tetap (43,632,931) (42,963,251)
Sales of fixed assets (895,304) (2,053,371)
Net cash flow (used in) (43,120,122) (43,772,059)
Investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Payments of current bank loans (598,457,139) (1,524,027,349)
Received of current bank loans 442,000,000 1,683,087,276
Received of long term bank loans 28,623,023 23,729,137
Payments of long term bank loans (5,988,761) (696,627)
Dividend payments (7,480,000) (37,800,000)
Received of finance leases liabilities (2,534,230) 216,362
Net cash flows provided by financing activities (143,837,107) 144,508,799
NET DECREASE IN CASH AND CASH EQUIVALENTS (3,373,135) (77,096,989)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 152,459,072 158,098,144
CASH AND CASH EQUIVALENTS AT END OF YEAR 149,085,937 81,001,155
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
1. GENERAL
a. Establishment and General Information
PT Jembo Cable Company Tbk (the “Company”) was established under the
framework of the Domestic Capital Investment Law No. 6 of 1968 in conjunction with
Law No. 12 of 1970, based on Notarial Deed No. 51 dated April 17, 1973, drawn up
by Lody Herlianto, S.H., Notary in Jakarta.
The Company’s Articles of Association and its amendments were approved by the
Minister of Justice of the Republic of Indonesia through Decree No. Y.A.5/106/17
dated March 30, 1974, and were published in the State Gazette of the Republic of
Indonesia No. 35 dated May 3, 1983, Supplement No. 490 and No. 491.
The Articles of Association of the Company have been amended several times, the
most recent amendment being made by Notarial Deed No. 35 dated May 31, 2024,
drawn up by Pratiwi Handayani, S.H., Notary in Jakarta.
This amendment was approved by the Minister of Law and Human Rights of the
Republic of Indonesia as stated in the acknowledgment of the report on the
amendment of the Company’s Articles of Association through Decree No. AHU-
AH.01.03-0127409 dated May 31, 2024.
The Company is domiciled in Tangerang, Banten, with its factory located at Jl.
Pajajaran, Gandasari Sub-district, Jatiuwung District, Tangerang City. The marketing
office is located at Mega Glodok Kemayoran, Office Tower B, 6th Floor, Jl. Angkasa
Kav. B-6, Kemayoran, Central Jakarta – Indonesia.
In accordance with Article 3 of the Company’s Articles of Association, the scope of
its activities includes engaging in the business of electric cable manufacturing and
fiber optic cable manufacturing. The Company commenced its commercial operations
in 1974. The Company’s immediate parent entity is PT Monaspermata Persada.
Based on Notarial Deed No. 57 dated June 11, 2025, drawn up by Satria Amiputra A,
S.H., M.Kn., Notary in Jakarta, changes were made to the composition of the
Company’s Board of Commissioners and Board of Directors as follows :
Board of Commissioners
President Commisioner : Santoso
Commisioner : Tommy Wijaya
Independent Commisioner : Drs. Agus Kristiyono, Akt, MBA
Board of Directors
President Director : Mary Ang Santoso
Director : Antonius Benady
Director : Jimmy Wijaya Joeng
Director : Bambang Pramadi Pramusinto
At the Annual General Meeting of Shareholders (AGMS) held on June 11, 2025, Mr.
Ignatius Nugraha Widiyanta officially resigned as Director of the Company.
Based on the Decree of the Board of Commissioners of PT Jembo Cable Company
Tbk No. 022/SKP/JCC/KA/08/24 effective August 1, 2024, regarding the
Appointment of the Chairman and Members of the Audit Committee of PT Jembo
Cable Company Tbk, the composition of the Audit Committee is as follows :
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Audit Committee
Chairman : Drs. Agus Kristiyono, Akt, MBA
Member : Irineus Dwinanto Bimo
Member : Joni Pathibang
Head of Internal Audit Unit : Nur Hidayat
The Corporate Secretary as of March 21, 2025, and during 2024 is Antonius Benady.
The average number of employees of the Company during 2025 was 848 (2024: 853
employees) (Unaudited).
The Company’s key management personnel are those who have the authority and
responsibility for planning, directing, and controlling the Company’s activities. All
members of the Board of Commissioners and Board of Directors are considered key
management personnel.
b. Subsidiary
The Company holds 99.96% ownership in PT Jembo Energindo, its subsidiary
domiciled in Tangerang, which is engaged in the business of power generation
industry, manufacturing, assembling, supplying, installation, and sale of solar panels
and light emitting diodes (LED). PT Jembo Energindo was established on June 17,
2001, and commenced its commercial operations on August 5, 2002.
As of September 30, 2025, the total assets of the subsidiary amounted to Rp
34,416,402 (2024: Rp 29,555,867).
On February 27, 2020, the Company increased its capital investment in PT Jembo
Energindo amounting to Rp 47,000,000,000 through conversion of debt into equity,
whereby the Company holds 99.96% ownership in PT Jembo Energindo. The
composition of share ownership before and after the capital increase is as follows :
Sebelum Sesudah
Nama Pemegang saham Jumlah saham Jumlah saham
Lembar Nilai (Rp) % Lembar Nilai (Rp) %
PT Jembo Cable Company
99.89% 149,940,000 74,970,000,000 99.96%
Tbk. 55,940,000 27,970,000,000
Koperasi Karyawan PT JCC 0.11% 60,000 30,000,000 0.04%
60,000 30,000,000
Total 100.00% 150,000,000 75,000,000,000 100.00%
56,000,000 28,000,000,000
The purpose of the capital increase in PT Jembo Energindo was to restructure its
capital, strengthen the financial position of the controlled entity, and improve the
financial performance of PT Jembo Energindo.
Disclosure of this affiliated transaction was submitted to the Financial Services
Authority (OJK) under letter No. 0.PS/007/LGL-CSO/01/2020 dated January 29,
2020. The Company and its subsidiary are collectively referred to as “the Group.”
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Based on Notarial Deed of Eira Aurelia Hollanda, S.H., Deed No. 16 dated June 12,
2025, concerning the Resolution Statement of PT Jembo Energindo Meeting, and
Ministerial Decree No. AHU-0038308.AH.01.02.TAHUN 2025 dated June 13, 2025,
the amendment to the Articles of Association of PT Jembo Energindo has been
approved.
c. Public Offering
On October 9, 1992, the Company obtained an effective statement from the Chairman
of the Capital Market Supervisory Agency and Financial Institution (Bapepam-LK)
through Letter No. S-1676/PM/1992 to conduct a public offering of 10,000,000 shares
with a nominal value of Rp 1,000,- (full amount) per share. On November 18, 1992,
the shares were listed on the Stock Exchange.
Based on Notarial Deed No. 29 dated July 10, 1997, the shareholders approved the
change in nominal value per share from Rp 1,000 to Rp 500 per share.
In accordance with the Approval Letter from the Indonesia Stock Exchange (IDX)
No. S-02613/BEI.PP3/03-2024 dated March 18, 2024, and the Approval Letter for
Stock Split Listing No. S-05504/BEI.PP3/06-2024 dated June 13, 2024, the Company
conducted a stock split from a nominal value of Rp 500 per share to Rp 100 per share,
with a ratio of 1 (one) old share to 5 (five) new shares.
As of September 30, 2025, all shares or a total of 756,200,000 shares have been listed
on the Indonesia Stock Exchange (formerly Jakarta Stock Exchange).
d. Issuance of Consolidated Financial Statements
The Board of Directors is responsible for the preparation and presentation of the
consolidated financial statements, which were completed and approved for issuance
on October 28, 2025.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a. Compliance with Financial Accounting Standards (SAK)
The consolidated financial statements of the Group have been prepared and presented
in accordance with Indonesian Financial Accounting Standards, which include
Statements of Financial Accounting Standards (PSAK) and Interpretations of
Financial Accounting Standards (ISAK) issued by the Indonesian Financial
Accounting Standards Board (DSAK – IAI), as well as Regulation No. KEP-
347/BL/2012 on the “Presentation and Disclosure of Financial Statements of Issuers
or Public Companies” issued by the Financial Services Authority (“OJK”).
These accounting policies have been applied consistently to all years presented, unless
otherwise stated.
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
b. Basis of Preparation and Measurement of Financial Statements
The basis of measurement used in the preparation of these consolidated financial
statements is the historical cost concept, except for certain accounts which are
measured on another basis as described in the respective accounting policies for those
accounts. The financial statements have been prepared using the accrual basis of
accounting, except for the statements of cash flows.
The statements of cash flows are prepared using the direct method by classifying cash
flows into operating, investing, and financing activities.
The currency used in the preparation and presentation of the financial statements is
the Indonesian Rupiah, which is also the Company’s functional currency.
All figures are rounded to the nearest thousand Rupiah, unless otherwise stated.
It should be noted that the preparation of financial statements requires the use of
accounting estimates and assumptions. Although these estimates are based on
management’s best knowledge and judgment of current events and actions, actual
results may ultimately differ from those estimates.
Areas that are complex or require a higher degree of judgment, or areas where
assumptions and estimates have a significant impact on the financial statements, are
disclosed in Note 3.
c. Issuance of Amendments to PSAK and ISAK
Changes to Statements of Financial Accounting Standards (PSAK) effective in 2022.
The application of the following relevant amended standards that became effective in
2022 did not result in substantial changes to the Company’s accounting policies and
did not have a material impact on the amounts reported for the current or prior years :
Annual improvements to PSAK 71 “Financial Instruments”
Annual improvements to PSAK 73 “Leases”
Amendment to PSAK 57 “Provisions, Contingent Liabilities and Contingent
Assets” (Onerous contracts – cost of fulfilling a contract)
Press Release on “Attribution of Benefits to Periods of Service” issued in April 2022.
In April 2022, the Indonesian Financial Accounting Standards Board (DSAK IAI)
issued a press release on “Attribution of Benefits to Periods of Service” as explanatory
guidance on the relevant requirements of PSAK 24 “Employee Benefits.”
This press release specifically clarifies how pension benefits should be attributed to
periods of service in defined benefit plans under laws applicable in Indonesia.
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Any change in post-employment benefit obligations resulting from the application of
this attribution guidance is considered a change in accounting policy.
Based on the press release, each company is required to assess an appropriate time to
change its accounting policy accordingly, and the impact must be accounted for
retrospectively to the opening balance of the earliest comparative period, if material.
The Company has applied the requirements of this press release and engaged an
independent actuary to calculate the impact of this accounting policy change from the
beginning of the comparative period presented.
Changes to PSAK effective in 2023.
The following new and amended accounting standards and revisions issued and
effective for annual reporting periods beginning on or after January 1, 2023 are as
follows :
Effective January 1, 2023 :
Amendment to PSAK 1 “Presentation of Financial Statements” (Classification
of current or non-current liabilities)
Amendment to PSAK 1 “Presentation of Financial Statements” (Disclosure of
accounting policies)
Amendment to PSAK 16 “Property, Plant and Equipment” (Proceeds before
intended use)
Amendment to PSAK 25 “Accounting Policies, Changes in Accounting
Estimates, and Errors” (Definition of accounting estimates)
Amendment to PSAK 46 “Income Taxes” (Deferred tax related to assets and
liabilities arising from a single transaction)
Effective on or after January 1, 2024
The following new and amended standards and revisions have been issued but are not
yet effective for the financial year beginning on or after January 1, 2024 :
Amendment to PSAK 1 “Presentation of Financial Statements” regarding “Non-
current Liabilities with Covenants”; and
Amendment to PSAK 73 “Leases” regarding “Lease Liabilities in a Sale and
Leaseback.”
As of the authorization date of these consolidated financial statements, the Company
is still evaluating the potential impact of the adoption of the above relevant standards
on the consolidated financial statements.
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
d. Basis of Consolidation
When the Company controls an investee, it is classified as a subsidiary. The Company
is deemed to control an investee when all three of the following elements are present
: power over the investee, exposure or rights to variable returns from its involvement
with the investee, and the ability to use its power over the investee to affect the amount
of the investor’s returns. Control is reassessed whenever facts and circumstances
indicate that there may have been changes in one or more of the elements of control.
De facto control exists in situations where the Company has the practical ability to
direct the relevant activities of an investee without holding the majority of voting
rights. To determine whether de facto control exists, the Company considers the
following facts and circumstances :
The size of the Company’s voting rights relative to the size and dispersion of
holdings of other voting shareholders;
Substantive potential voting rights held by the Company and other parties;
Other contractual arrangements; and
Historical patterns in exercising voting rights.
The consolidated financial statements present the results of the Company and its
subsidiaries as if they were a single economic entity. Accordingly, intercompany
transactions and balances between the Company and its subsidiaries are fully
eliminated.
The consolidated financial statements incorporate the results of business combinations
using the acquisition method. In the statement of financial position, identifiable assets,
liabilities, and contingent liabilities acquired are initially recognized at their fair
values at the acquisition date. The results of subsidiaries acquired during the year are
included in the consolidated statement of comprehensive income from the date on
which control is obtained. The results are excluded from consolidation from the date
control ceases.
e. Non-Controlling Interests
For business combinations that occurred before January 1, 2011, the Company
initially recognized non-controlling interests in the acquiree based on the
proportionate share of the non-controlling interests in the net assets of the acquiree.
For business combinations occurring on or after January 1, 2011, the Company has an
option, on a transaction-by-transaction basis, to measure the initial recognition of non-
controlling interests in the acquiree that represent present ownership interests and
entitle their holders to a proportionate share of the entity’s net assets upon liquidation
either at fair value on the acquisition date, or at the proportionate share of the
acquiree’s identifiable net assets. Other components of non-controlling interests, such
as outstanding share options, are generally recognized at fair value.
The Company and its subsidiaries have not elected to apply the fair value option for
any completed acquisitions to date.
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
f. Foreign Currency
Transactions of the Company and its subsidiaries denominated in currencies other than
the primary economic environment in which the Company entities operate (the
functional currency) are recorded using the exchange rates prevailing at the dates of
the transactions. Monetary assets and liabilities denominated in foreign currencies are
translated using the exchange rates prevailing at the reporting date.
Exchange differences arising from the retranslation of unsettled monetary assets and
liabilities are recognized directly in profit or loss, except for foreign currency
borrowings that are designated as a hedge of a net investment in a foreign operation.
Such exchange differences are recognized in other comprehensive income and
accumulated in the foreign exchange translation reserve, together with the exchange
differences arising from the retranslation of the foreign operation itself.
Exchange gains and losses arising from the translation of monetary available-for-sale
financial assets are treated as a separate component of the change in fair value and are
recognized in profit or loss. Exchange gains and losses on non-monetary available-
for-sale financial assets form part of the overall gain or loss recognized in relation to
that financial instrument.
Upon consolidation, the results of foreign operations are translated into the
presentation currency using exchange rates prevailing at, or approximating, the dates
of the transactions. All assets and liabilities arising from foreign operations, including
goodwill arising from the acquisition of such operations, are translated using the
exchange rates prevailing at the reporting date. Exchange differences arising from the
translation of the opening net assets at the beginning of the year and the results of
foreign operations at the actual exchange rates are recognized in other comprehensive
income and accumulated in the foreign exchange translation reserve.
Exchange gains or losses arising from the translation of long-term monetary items that
form part of the Company’s net investment in foreign operations are recognized in the
Company’s separate financial statements and reclassified to other comprehensive
income, where they are accumulated in the foreign exchange translation reserve in the
consolidated financial statements.
When a foreign operation is disposed of, the cumulative exchange differences
recognized in the foreign exchange translation reserve relating to that operation up to
the date of disposal are reclassified to the consolidated statement of comprehensive
income as part of the gain or loss on disposal.
As of September 30, 2025 and December 31, 2024, the exchange rates used (full
amounts) were as follows :
Mata uang 30-Sep-25 2024
1 Poundsterling Inggris/Rupiah 22,427 20,333
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
1 Euro Eropa/Rupiah 19,560 16,851
1 Dolar Amerika Serikat/Rupiah 16,680 16,162
1 Dolar Australia/Rupiah 9,906 10,082
g. Related
10,450 10,236
100 Yen Jepang (JPY) Parties
1 Dolar Singapore/Rupiah 12,934 11,919 A related party is a
1 Yuan China/Rupiah 2,343 2,214 person or an entity
that is related to
the entity that prepares its financial statements.
i. A person or a close member of that person’s family is related to a reporting
entity if that person :
Has control or joint control over the reporting entity;
Has significant influence over the reporting entity; or
Is a member of the key management personnel of the reporting entity or of
a parent of the reporting entity.
ii. An entity is related to a reporting entity if any of the following conditions applies
:
The entity and the reporting entity are members of the same group (which
means that each parent, subsidiary, and fellow subsidiary is related to the
others);
One entity is an associate or joint venture of the other entity (or an associate
or joint venture of a member of a group of which the other entity is a
member);
Both entities are joint ventures of the same third party;
One entity is a joint venture of a third entity and the other entity is an
associate of the third entity;
The entity is a post-employment benefit plan for the benefit of employees
of either the reporting entity or an entity related to the reporting entity. If
the reporting entity itself is such a plan, the sponsoring employers are also
related to the reporting entity;
The entity is controlled or jointly controlled by a person identified in (i);
A person identified in (i)(a) has significant influence over the entity or is a
member of the key management personnel of the entity (or of a parent of
the entity); or
The entity, or any member of a group of which it is a part, provides key
management personnel services to the reporting entity or to the parent of
the reporting entity.
h. Financial Assets
The Company and its subsidiaries classify their financial assets into the categories
described below, depending on the purpose for which the financial assets were
acquired. The Company and its subsidiaries do not classify any of their financial assets
as held-to-maturity. Except for financial assets designated as hedging instruments, the
Company’s accounting policies for financial assets are categorized as follows :
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Loans and Receivables
Loans and receivables are non-derivative financial assets with fixed or determinable
payments that are not quoted in an active market.
These assets are primarily generated through the provision of goods and services to
customers (for example, trade receivables), but also include other types of contractual
monetary assets.
Such assets are initially recognized at fair value plus any directly attributable
transaction costs and are subsequently measured at amortized cost using the effective
interest rate method, less any allowance for impairment losses.
An impairment allowance is recognized when there is objective evidence (such as
significant financial difficulty of the counterparty, default, or a significant delay in
payment) that the Group is unable to collect all amounts due according to the original
terms of the receivables. The amount of the allowance is the difference between the
asset’s carrying amount and the present value of the estimated future cash flows from
the impaired receivable. For trade receivables, which are reported net, such an
allowance is recorded in a separate provision account, and the related loss is
recognized under administrative expenses in the consolidated statement of
comprehensive income. When it is confirmed that a trade receivable is uncollectible,
the gross carrying amount of the asset is written off against the related allowance.
From time to time, the Company and its subsidiaries may renegotiate the credit terms
of trade receivables from customers with good historical transaction records. Such
renegotiations may result in changes to the payment terms rather than the amounts
owed. Consequently, the revised expected cash flows are discounted at the original
effective interest rate, and the resulting difference in fair value is recognized in the
consolidated statement of comprehensive income under operating profit.
The Company and its subsidiaries’ loans and receivables include trade receivables,
other receivables, and cash and cash equivalents as presented in the consolidated
statement of financial position.
i. Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand, short-term deposits, and highly
liquid short-term investments with original maturities of less than three months, as
well as current accounts for cash flow reporting purposes. Current accounts are
presented as part of current liabilities in the consolidated statement of financial
position.
In the consolidated statement of cash flows, cash and cash equivalents include cash
on hand, demand deposits, and other highly liquid short-term investments with
original maturities of three months or less, as well as bank overdrafts. In the
consolidated statement of financial position, bank overdrafts are presented together
with borrowings as part of current liabilities.
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
j. Trade and Non-Trade Receivables
Trade receivables represent amounts due from customers for sales of goods or services
performed in the ordinary course of business. When collection of the receivables is
expected within one year or less (or within the normal operating cycle, if longer), such
receivables are classified as current assets. Otherwise, they are presented as non-
current assets.
Non-trade receivables from related parties represent receivable balances arising from
loans granted to the Company’s related parties.
Trade and non-trade receivables are initially recognized at fair value and subsequently
measured at amortized cost using the effective interest method, if the impact of
discounting is significant, less any provision for impairment losses.
The collectibility of trade and non-trade receivables is reviewed on a regular basis.
Receivables that are determined to be uncollectible are written off directly against
their carrying amounts. An allowance account is used when there is objective evidence
that the Group is unable to collect all amounts due according to the original terms of
the receivables. Significant financial difficulties of the debtor, the probability that the
debtor will enter bankruptcy or financial reorganization, and default or delinquency in
payments are considered indicators that a receivable may be impaired. The amount of
the impairment loss is measured as the difference between the asset’s carrying amount
and the present value of estimated future cash flows discounted at the receivable’s
original effective interest rate.
Cash flows related to short-term receivables are not discounted when the effect of
discounting is immaterial.
The amount of impairment loss is recognized in the profit or loss and presented under
“impairment loss expense.” When trade and non-trade receivables that have been
previously impaired are subsequently deemed uncollectible, such receivables are
written off against the allowance account. Any subsequent recoveries of receivables
previously written off are credited to “impairment loss expense” in the statement of
profit or loss.
k. Inventories
Inventories are initially recognized at cost and subsequently measured at the lower of
cost and net realizable value. Cost includes all costs of purchase, conversion, and other
costs incurred in bringing the inventories to their present location and condition.
The weighted average method is used to determine the cost of interchangeable items.
l. Prepaid Expenses
Prepaid expenses are charged to expense over the periods in which the related benefits
are expected to be received, using the straight-line method.
m. Property, Plant, and Equipment
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Property, plant, and equipment are initially recognized at cost. Similar to purchase
prices, costs include those that are directly attributable to bringing the asset to its
working condition and the estimated present value of unavoidable future costs
required to dismantle or remove the asset. Such liabilities are recognized as
provisions. Since 2015, land, buildings, and machinery have been presented at
revalued amounts, which are the fair values determined by independent external
appraisers registered with the Financial Services Authority (Otoritas Jasa Keuangan),
less accumulated depreciation for buildings and machinery.
Revaluations are performed with sufficient regularity to ensure that the carrying
amounts do not differ materially from the fair values determined at the reporting date.
Changes in fair value are recognized in other comprehensive income and accumulated
in the revaluation reserve, except for decreases in value that exceed any credit balance
on the revaluation reserve, or reversals of such decreases, which are recognized in
profit or loss.
Factory equipment, laboratory equipment, office equipment, motor vehicles, and
electrical installations are stated at cost less accumulated depreciation. The cost
includes expenditures that are directly attributable to the acquisition of the assets.
Land is not depreciated. Depreciation of assets under construction is not commenced
until the assets are completed or ready for their intended use. Depreciation is applied
to all property, plant, and equipment so as to allocate the depreciable amount of an
asset over its estimated useful life.
Depreciation is computed using the straight-line method over the estimated useful
lives of the assets. The estimated useful lives are as follows :
Years
Building 8 - 20
Electrical Installation 5
Machinery 5 - 15
Factory Equipment 4 - 15
Laboratory Equipment 4-5
Office Equipment 4
Motor Vehicles 4
At the date of revaluation, the accumulated depreciation for buildings and machinery
that have been revalued is eliminated against the gross carrying amount of the assets,
and the net amount is restated to the revalued amount of the assets. The difference
between the depreciation based on the revalued amount of buildings and machinery
and the amount that would have been charged based on historical cost is transferred
from the revaluation surplus to retained earnings when the land, buildings, and
machinery are recognized in the consolidated statements of comprehensive income
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
(for example, through depreciation or impairment). Upon disposal of the assets, the
related balance of the revaluation surplus is transferred to retained earnings.
The Company and its subsidiaries apply the cost model in the subsequent
measurement of property, plant, and equipment, except for land, buildings, and
machinery. The Company and its subsidiaries changed their accounting policy for
land, buildings, and machinery from the cost model to the revaluation model effective
December 31, 2015. This change was made in reference to PSAK 16 “Property, Plant,
and Equipment,” which states that “an entity shall choose either the cost model or the
revaluation model as its accounting policy” and shall apply that policy prospectively.
n. Impairment of Non-Financial Assets (Other than Invenstories and Deferred Tax
Assets)
The Company and its subsidiaries assess at each reporting date whether there is any
indication that an asset may be impaired. If any such indication exists, or when an
annual impairment assessment for an asset is required, the Company and its
subsidiaries estimate the asset’s recoverable amount.
An asset’s recoverable amount is the higher of its fair value less costs to sell and its
value in use, and is determined for an individual asset unless the asset does not
generate cash inflows that are largely independent from those of other assets. In
assessing value in use, the estimated future cash flows expected to be derived from
the asset are discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the
asset. In determining fair value less costs to sell, an appropriate valuation model is
applied.
When the carrying amount of an asset exceeds its recoverable amount, the asset is
written down to its recoverable amount. An impairment loss is recognized in the
consolidated statements of comprehensive income, except for assets that are carried
at a revalued amount, in which case the impairment loss is treated as a revaluation
decrease.
An assessment is made at each reporting date as to whether there is any indication that
previously recognized impairment losses may no longer exist or may have decreased.
A previously recognized impairment loss is reversed if there has been a change in the
estimates used to determine the asset’s recoverable amount since the last impairment
loss was recognized. In such a case, the carrying amount of the asset is increased to
its recoverable amount. The increased carrying amount shall not exceed the carrying
amount that would have been determined, net of depreciation, had no impairment loss
been recognized previously. Such a reversal is recognized in the consolidated
statements of comprehensive income, except for assets measured at revalued amounts,
in which case it is treated as a revaluation increase.
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
o. Financial Instruments
A financial instrument is any contract that gives rise to a financial asset of one entity
and a financial liability or an equity instrument of another entity.
i. Financial Assets
Initial Recognition
The classification and measurement of financial assets are based on the business
model for managing the financial assets and the contractual cash flow
characteristics, whether they are solely payments of principal and interest.
Financial assets are classified into the following two categories :
Financial assets measured at amortized cost.
Financial assets measured at fair value, either through profit or loss or
through other comprehensive income.
The Company determines the classification of financial assets at initial
recognition and cannot change it after the initial application.
All financial assets are initially recognized at fair value plus transaction costs,
except for financial assets measured at fair value through profit or loss.
The company’s financial assets include cash and cash equivalents, trade
receivables third parties, other receivables third parties, short-term investments,
and security deposits, which are classified as non-current financial assets and
recorded under other non-current assets.
Financial assets are classified as current assets if they are due within 12 months;
otherwise, they are classified as non-current assets.
Subsequent measurement
The measurement of financial assets after initial recognition depends on their
classification, as follows :
Financial assets measured at amortized cost;
Financial assets measured at amortized cost are subsequently measured
using the Effective Interest Rate (EIR) method, less any impairment losses.
The amortized cost is calculated by taking into account any discount or
premium on acquisition and fees that are an integral part of the EIR.
Amortization of the EIR is recorded in the statement of profit or loss. Any
losses arising from impairment are also recognized in the statement of profit
or loss.
Financial assets measured at fair value through profit or loss or through
other comprehensive income.
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Financial assets measured at fair value through profit or loss or through
other comprehensive income are subsequently presented in the statement of
financial position at fair value, with changes in fair value recognized in the
statement of profit or loss or in other comprehensive income, respectively.
Derecognition
A financial asset (or, as applicable, a part of a financial asset or part of a group
of similar financial assets) is derecognized when :
The rights to receive cash flows from the asset have expired; or
The Company has transferred its rights to receive cash flows from the asset,
or has assumed an obligation to pay the received cash flows in full without
material delay to a third party under a “pass-through” arrangement, and
either: (a) the Company has transferred substantially all the risks and
rewards of the asset; or (b) the Company has neither transferred nor retained
substantially all the risks and rewards of the asset, but has transferred
control of the asset.
ii. Financial Liabilities
Initial Recognition
Financial liabilities are classified as follows :
Financial liabilities measured at amortized cost.
Financial liabilities measured at fair value through profit or loss or through
other comprehensive income.
The Company determines the classification of its financial liabilities at the time
of initial recognition. As of June 30, 2024, and 2023, the Company only had
financial liabilities measured at amortized cost, which consist of trade payables
– third parties, accrued expenses, bank loans, lease liabilities, and other
payables.
Subsequent Measurement
After initial recognition, which is at fair value plus transaction costs, the
Company measures all financial liabilities at amortized cost using the effective
interest rate method.
Derecognition
A financial liability is derecognized when it is settled, canceled, or expires.
If an existing financial liability is replaced by another liability under
substantially different terms, or the terms of an existing liability are substantially
modified, the exchange or modification is treated as a derecognition of the
original liability and the recognition of a new liability, with the difference in
carrying amounts recognized in the income statement.
iii. Financial Instrument Offsetting
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Financial assets and financial liabilities are offset, and the net amount is reported
in the statement of financial position, when there is a legally enforceable right
to set off the recognized amounts and there is an intention to settle on a net basis
or to realize the asset and settle the liability simultaneously.
The legally enforceable right must not depend on future events and must be
enforceable in the normal course of business, as well as in the event of default,
insolvency, or bankruptcy of the company or the counterparty.
iv. Impairment of Financial Assets
The Company recognizes an expected credit loss (ECL) allowance for financial
assets measured at amortized cost and debt instruments measured at FVOCI.
ECL is a probability-weighted estimate of credit losses. Credit loss is measured
as the present value of all cash shortfalls (i.e., the difference between the cash
flows due to the Company under the contract and the cash flows the Company
expects to receive), discounted using the effective interest rate of the financial
asset. It reflects reasonable and supportable information available without undue
cost or effort about past events, current conditions, and forecasts of future
economic conditions.
The Company recognizes an impairment allowance based on either 12-month
ECL or lifetime ECL, depending on whether there has been a significant
increase in credit risk since initial recognition.
When determining whether the credit risk of a financial asset has increased
significantly since initial recognition and when estimating the ECL, the
Company considers reasonable and supportable information that is relevant and
available without undue cost or effort. This includes both quantitative and
qualitative information and analysis, based on the Company’s historical
experience and informed credit assessment, as well as forward-looking
information.
The Company recognizes lifetime ECL for trade receivables that do not contain
a significant financing component. It uses a provision matrix based on the
Company’s historical credit loss experience, adjusted for forward-looking
factors specific to the borrower and the economic environment.
At each reporting date, the Company assesses whether financial assets measured
at amortized cost and debt instruments at FVOCI have suffered a credit
impairment. A financial asset is considered to have a credit impairment when
one or more events have occurred that have a detrimental impact on the
estimated future cash flows of the financial asset. Evidence that a financial asset
is credit-impaired includes observable data indicating one or more of the
following events :
Significant financial difficulty of the issuer or borrower.
Breach of contract, such as default or past-due events.
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
The lender, for economic or contractual reasons related to the borrower’s
financial difficulty, grants a concession to the borrower that would not
otherwise be considered.
It is probable that the borrower will enter bankruptcy or undergo other
financial reorganization.
The disappearance of an active market for the financial asset due to
financial difficulties.
Purchase or origination of a financial asset at a deep discount that reflects
incurred credit losses.
The Company considers a financial asset to be in default when the counterparty
fails to meet its contractual obligations, or there is a breach of other contractual
terms, such as collateral requirements.
The Company directly writes off the gross carrying amount of a financial asset
when there is no reasonable expectation of recovering the contractual cash
flows, either in part or in full. This generally occurs when the Company
determines that the borrower has no assets or income sources capable of
generating sufficient cash to repay the amount being written off.
However, written-off financial assets may still be subject to enforcement
activities in accordance with the Company's procedures for recovering due
amounts.
Expected credit losses (ECL) on financial assets measured at amortized cost are
recognized as an allowance for impairment against the gross carrying amount of
the financial asset, with the resulting impairment loss (or reversal) recognized
in the statement of profit or loss and other comprehensive income. ECL on
investments in debt instruments at FVOCI are recognized as accumulated
impairment losses in other comprehensive income, with the resulting
impairment loss (or reversal) recognized in the statement of profit or loss and
other comprehensive income.
p. Leases
The Company assesses whether a contract is, or contains, a lease. A contract is, or
contains, a lease if it grants the right to control the use of an identified asset for a
period of time in exchange for consideration.
Lease liabilities
At the commencement date of the lease, the Company recognizes a lease liability
measured at the present value of lease payments to be made over the lease term. Lease
payments include fixed payments (including payments that are in substance fixed) less
any lease incentives receivable, variable lease payments that depend on an index or
rate, and amounts expected to be paid under residual value guarantees. Lease
payments also include the exercise price of a purchase option reasonably certain to be
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
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30 SEPTEMBER 2025
exercised by the Company and penalties for terminating the lease if the lease term
reflects the Company exercising an option to terminate.
Short-term leases
The Company applies the short-term lease recognition exemption for leases with a
term of 12 months or less from the commencement date and that do not contain a
purchase option. Lease payments for these short-term leases are recognized as an
expense on a straight-line basis over the lease term.
q. Defined Benefit Plans
The surplus and deficit of defined benefit plans are measured as follows :
The fair value of the plan assets at the reporting date, minus
The present value of the defined benefit obligations calculated using the
projected unit credit method and discounted to present value using the yield of
high-quality corporate bonds with maturities close to the obligations; plus
Unrecognized past service costs, minus
The effect of any minimum funding requirements agreed with the plan sponsor.
Remeasurements of the net defined benefit liability are recognized directly in equity.
These remeasurements include :
Actuarial gains and losses
Returns on plan assets (excluding interest)
Effects of the asset ceiling (excluding interest)
Service costs are recognized in profit or loss and include current service costs, past
service costs, as well as gains and losses from curtailments.
Net interest expense (income) is recognized in profit or loss and is calculated by
applying the discount rate used to measure the defined benefit obligation (asset) at the
beginning of the annual period to the benefit payments during the period.
Gains or losses arising from changes in scheme benefits or curtailments are recognized
directly in profit or loss. Settlements of a defined benefit plan are recognized in the
period in which the settlement occurs.
r. Taxation
Tax expense consists of current tax and deferred tax. Tax is recognized in profit or
loss, except to the extent that it relates to items recognized in other comprehensive
income or directly in equity. In such cases, the tax is recognized in other
comprehensive income or directly in equity.
Current Tax
Current income tax expense is calculated based on the tax laws applicable at the
reporting date. Current income tax assets or liabilities consist of obligations to, or
claims from, the tax authorities related to the current or prior reporting periods that
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
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30 SEPTEMBER 2025
have not been settled at the end of the reporting period. Income tax is calculated using
the tax rates and tax regulations applicable for the relevant fiscal period, based on
taxable profit for that period. All changes in current tax assets or liabilities are
recognized as a component of income tax expense in profit or loss.
Deferred tax assets and liabilities are recognized when the carrying amount of an asset
or liability in the consolidated statement of financial position differs from its tax base,
except in cases where the difference arises from :
The initial recognition of goodwill,
The initial recognition of an asset or liability in a transaction that is not a
business combination and, at the time of the transaction, does not affect
accounting profit or taxable profit, and
Investments in subsidiaries and jointly controlled entities where the Company
can control the timing of the reversal of the difference and it is probable that the
difference will not reverse in the foreseeable future.
Recognition of deferred tax assets is limited to the extent that it is probable that taxable
profit will be available against which the deductible temporary differences can be
utilized. In the case of deferred tax assets arising from investment properties measured
at fair value, it is assumed that recovery will occur through sale rather than through
use, unless there is evidence to the contrary.
The amount of deferred tax assets or liabilities is determined using the tax rates
enacted or substantively enacted at the reporting date and is expected to be utilized
when the deferred tax liability (or asset) is settled (or recovered).
Deferred Tax
Deferred tax assets and liabilities are offset when there is a legally enforceable right
to offset current tax assets and liabilities relating to taxes levied by the same tax
authority on :
The same taxable entity, or
Different entities within a group that intend to settle current tax assets and
liabilities on a net basis, or to realize the assets and settle the liabilities
simultaneously, in future periods where the deferred tax asset or liability is
expected to be significant.
In accordance with the Government Regulation in Lieu of Law (“Perppu”) I of 2020,
the Government reduced the corporate income tax rate from 25% to 22% for the 2020
and 2021 fiscal years, and to 20% starting in 2022.
Law of the Republic of Indonesia No. 7 of 2021 on the Harmonization of Tax
Regulations stipulates a corporate income tax rate of 22% for domestic taxpayers and
permanent establishments, effective from the 2022 fiscal year onwards, with a 3%
reduction for certain eligible domestic taxpayers. Accordingly, the previously set 20%
tax rate is no longer applicable following the enactment of this law.
s. Revenue and Expense Recognition
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
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30 SEPTEMBER 2025
In determining revenue recognition, the Company analyzes transactions using the
following five-step approach :
i. Identifying the contract with the customer, based on the following criteria :
The contract has been approved by all parties involved.
The Company can identify the rights of the parties and the payment terms
for the goods or services to be transferred.
The contract has commercial substance.
It is probable that the entity will receive consideration for the goods or
services transferred.
ii. Identifying the performance obligations in the contract, which are to transfer
goods or services that are distinct to the customer.
iii. Determining the transaction price, after deducting discounts, returns, sales
incentives, luxury goods tax, value-added tax, and export levies, which the
entity is entitled to receive as compensation for transferring the promised goods
or services to the customer.
iv. Allocating the transaction price to each performance obligation based on the
relative standalone selling price of each promised good or service in the
contract.
v. Recognizing revenue when the performance obligations are satisfied (either
over time or at a point in time).
Performance obligations can be satisfied in the following ways :
At a point in time (typically a promise to deliver goods to the customer); or
Over a period of time (typically a promise to provide services to the
customer). For performance obligations satisfied over time, the Company
selects an appropriate measure of progress to determine the amount of
revenue to recognize as the obligation is fulfilled.
A performance obligation is satisfied at a point in time unless it meets one of the
following criteria, in which case it is satisfied over time :
The customer simultaneously receives and consumes the benefits provided
by the Company’s performance as the Company performs;
The Company’s performance creates or enhances an asset that the customer
controls as the asset is created or enhanced; and
The Company’s performance does not create an asset with an alternative
use to the Company, and the Company has an enforceable right to payment
for performance completed to date.
Local sales are recognized when the goods are delivered to the customer, whereas
export sales are recognized when the goods are shipped (F.O.B. Shipping Point) and
ownership rights are transferred to the customer.
Expenses are recognized based on the benefits in the relevant year (accrual basis).
t. Borrowing Costs
24
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Interest arising from bank loans used to finance construction is capitalized as part of
the cost, while net interest income on withdrawals is charged. The Company does not
incur other interest expenses that are capitalizable.
u. Earnings per Share
Basic earnings per share are calculated by dividing the residual net profit by the
weighted average number of shares outstanding during the year.
v. Segment Information
Segment information is prepared in accordance with the accounting policies adopted
in the preparation and presentation of the consolidated financial statements. The
primary segment reporting format is by business segment, while the secondary
segment is by geographic segment.
A business segment is a distinguishable component of a company that produces
products or provides services (either individual products or services or a group of
related products or services) and has risks and rewards that are different from those of
other segments.
A geographical segment is a distinguishable component of a company that produces
products or provides services in a particular economic environment (region) and has
risks and rewards that are different from those of components operating in other
economic environments (regions).
Assets and liabilities that are shared across one or more segments are allocated to each
segment only if the revenues and expenses related to those assets are also allocated to
the respective segments.
w. Dividends
Dividends are recognized when they become legally payable. For interim dividends
on shareholders’ equity, the dividends are declared by the Board of Directors. For final
dividends, they are approved by the shareholders in the general meeting of
shareholders.
x. Share Capital
Financial instruments issued by the Company are classified as equity only to the extent
that they do not meet the definition of a financial liability or an asset. The Company’s
ordinary shares are classified as equity instruments.
y. Provisions
Provisions are recognized when the Company and its subsidiaries have a present legal
or constructive obligation as a result of a past event, it is probable that an outflow of
25
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
economic resources will be required to settle the obligation, and a reliable estimate of
the amount can be made.
Provisions are reviewed at the end of each reporting period and adjusted to reflect the
best estimate. If it is no longer probable that an outflow of economic resources will be
required to settle the obligation, the provision is reversed.
If the effect of the time value of money is material, provisions are discounted using a
pre-tax rate that reflects, where appropriate, the specific risks of the liability. When
discounting is used, the increase in the provision due to the passage of time is
recognized as a finance cost.
z. Contingencies
Contingent liabilities are not recognized in the consolidated financial statements. They
are disclosed in the notes to the consolidated financial statements unless the outflow
of economic resources is considered remote.
Contingent assets are not recognized in the consolidated financial statements but are
disclosed in the notes to the consolidated financial statements when it is probable that
an inflow of economic benefits will occur.
3. SIGNIFICANT ACCOUNTING ESTIMATES AND ASSUMPTIONS
a. Fair Value Measurement
Certain assets and liabilities in the Company’s financial statements require
measurement at, and/or disclosure of, fair value.
The fair value measurement of the Company’s financial and non-financial assets and
liabilities uses observable market inputs and data as much as possible. Inputs used in
determining fair value measurements are categorized into different levels based on
how observable inputs are used in valuation techniques (“fair value hierarchy”) :
Level 1: Quoted prices in active markets for identical items (unadjusted)
Level 2: Inputs other than Level 1 that are observable directly or indirectly
Level 3: Unobservable inputs (i.e., not derived from market data)
The classification of items into the levels above is based on the lowest level of input
that has a significant effect on the fair value measurement of the item. Transfers
between levels are recognized in the period in which they occur.
The Company measures certain items at their fair value, including :
Land, buildings, and machinery revaluation – Property, plant, and equipment
(Note 11)
b. Assumptions for Defined Benefit Plans
26
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
The costs, assets, and liabilities of the defined benefit plans maintained by the
Company are determined using methods that rely on actuarial estimates and
assumptions. Details of the key assumptions are presented in Note 29. The Company
incorporates input from independent actuaries to ensure the appropriateness of the
assumptions. Changes in the assumptions used may have a significant impact on the
consolidated statements of comprehensive income and the consolidated statements of
financial position.
c. Legal Proceedings
The Company reviews the progress of ongoing legal cases as of each reporting date
to assess the need for provisions and disclosures in its financial statements. Factors
considered in making litigation provision decisions include the nature of the litigation,
claims, or assessments; the legal process; the potential severity of damages in the
relevant jurisdiction; developments in the case (including those occurring after the
reporting date but before issuance of the financial statements); the opinions or views
of legal advisors; experience in similar cases; and management’s decisions on how
the Company will respond to the litigation, claims, or assessments.
d. Income Taxes
The Company is subject to income taxes, and significant judgment is required in
determining the provision for income taxes. In the normal course of business, there
are transactions and calculations for which the ultimate tax determination is uncertain.
As a result, the Company recognizes liabilities for taxes based on estimates of whether
additional taxes and interest may be payable.
These tax liabilities are recognized when, even though the Company believes that its
tax positions are supportable, it is probable that a particular position will be challenged
and may not be sustained upon review by the tax authorities. The Company believes
that the accrual for tax liabilities is adequate for all audited years, based on an
assessment of various factors, including past experience and interpretations of tax
laws. This assessment involves estimates and assumptions and may require complex
judgments about future events. If actual tax outcomes differ from the amounts
recorded, the differences will affect the income tax expense in the period in which the
determination is made.
4. CASH AND CASH EQUIVALENT
2025 2024
(Rp'000) (Rp'000)
Cash on hand 250,516 226,511
Cash in banks
27
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Third Party
Rupiah
Bank Mandiri 6,580,970 6,229,737
Bank Central Asia 5,012,366 6,728,901
Bank Rakyat Indonesia 559,979 4,725
Bank Negara Indonesia 180,547 2,014,306
Bank Pan Indonesia Tbk. 25,641 25,537
Bank OCBC NISP 17,274 17,864
Bank Syariah Indonesia 1,776 -
12,378,553 15,021,070
United States Dollar
Bank Mandiri 186,163 269,282
Dolar Singapura
Bank Mandiri 195,805 180,822
Euro
Bank Mandiri 289,030 249,605
Poundsterling Inggris
Bank Mandiri - -
Chinese Yuan
PT Bank Central Asia Tbk. 172,667 2,374,053
Dolar Australia
Bank Mandiri - -
Total bank 13,222,218 18,094,832
Deposit – third party
PT Bank Mandiri (Persero) Tbk. 135,613,203 134,137,729
Total 149,085,937 152,459,072
Cash equivalents include time deposits with maturities of less than three months. The
interest rate for cash equivalents is 2.25% per annum (2024: 2.25% – 2.45% per annum).
As of September 30, 2025, the account held with PT Bank Mandiri (Persero) Tbk. is
pledged as collateral for credit facilities obtained from the same bank, but its use is not
restricted (Note 13). Therefore, the balance of this bank account is presented as part of
cash and cash equivalents.
5. BANK GUARANTEES
Bank guarantees for project performance bonds with restricted use amounted to Rp
3,258,643 as of December 31, 2024. As of September 30, 2025, the said bank guarantee
has been settled.
28
Page 31
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
6. TRADE RECEIVABLES
The details of trade receivables based on customers are as follows:
2025 2024
(Rp'000) (Rp'000)
Third parties
Domestic customers 583,339,222 713,418,363
Foreign customers 4,560,434 3,191,647
Total 587,899,656 716,610,010
Allowance for impairment losses (62,380,068) (62,380,068)
Total 525,519,588 654,229,942
Unbilled 251,613,141 112,137,199
777,132,729 766,367,141
Related parties (Note 30) 414,787,379 352,105,802
Total 1,191,920,108 1,118,472,943
The amount of accounts receivable based on age (days) is as follows:
2025 2024
(Rp'000) (Rp'000)
Current 358,310,300 599,264,597
Past Due :
Past due 1 - 30 days 251,985,968 184,552,256
Past due 31 - 60 days 149,217,319 122,659,335
Past due 61 - 90 days 58,755,824 6,917,076
Past due 91 - 120 days 43,327,596 24,994,594
More than 120 days 141,090,028 130,327,954
Sub Total 1,002,687,035 1,068,715,812
Allowance for impairment losses (62,380,068) (62,380,068)
Unbilled 251,613,141 112,137,199
Total 1,191,920,108 1,118,472,943
Management believes that the allowance provided is sufficient to cover any impairment of
trade receivables.
The details of trade receivables based on currencies are as follows:
2025 2024
(Rp'000) (Rp'000)
29
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Rupiah 1,001,679,786 1,065,524,165
United Stated Dollar 1,007,249 3,191,647
Total 1,002,687,035 1,068,715,812
Allowance for impairment losses (62,380,068) (62,380,068)
Unbilled 251,613,141 112,137,199
Net 1,191,920,108 1,118,472,943
Changes in the allowance for impairment losses
2025 2024
(Rp'000) (Rp'000)
Balance at beginning of the year 62,380,068 62,380,068
-
Write-off on trade receivables -
Addition of provision for current year - -
Ending balance 62,380,068 62,380,068
Management is of the opinion that the allowance for impairment losses on trade receivables
from third parties is adequate to cover any potential losses arising from the uncollectibility
of such receivables, while no impairment allowance has been provided for trade receivables
from related parties as management believes that all such receivables are fully collectible.
Management also believes that there is no significant concentration of credit risk related to
trade receivables from third parties.
Trade receivables are pledged as collateral for credit facilities obtained from PT Bank
Mandiri (Persero) Tbk (Note 14).
7. OTHER RECEIVABLES
2025 2024
(Rp'000) (Rp'000)
Third parties
Employees 1,028,644 1,844,993
Sale of scrap 7,536,151 2,333,669
Others 936,956 656,109
9,501,751 4,834,771
Related parties - -
Total 9,501,751 4,834,771
30
Page 33
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
As of September 30, 2025 and December 31, 2024, all inventories were insured against all
risks under a consortium of insurance companies coordinated by PT Estika Jasatama, with
total coverage of Rp 500,000,000 and Rp 450,000,000, respectively.
Management believes that the insurance coverage is adequate to cover any potential losses
that may be incurred by the Company and its subsidiaries.
The Company and its subsidiaries have established an allowance for inventory impairment
and believe that all inventories are stated at their net realizable values.
Inventories are pledged as collateral for credit facilities obtained from PT Bank Mandiri
(Persero) Tbk (Note 13).
8. INVENTORIES
2025 2024
(Rp'000) (Rp'000)
Finished good 197,017,543 190,729,905
Raw materials 132,574,480 144,653,485
Work in prosess 228,794,619 272,597,454
Sub total 558,386,642 607,980,844
Less :
Allowance for decline in value of inventories (4,851,293) (4,839,252)
Total 553,535,349 603,141,592
As of September 30, 2025 and December 31, 2024, all inventories were insured against all
risks under a consortium of insurance companies coordinated by PT Estika Jasatama, with
total coverage of Rp 500,000,000 and Rp 450,000,000, respectively.
Management believes that the insurance coverage is adequate to cover any potential losses
that may be incurred by the Company and its subsidiaries.
The Company and its subsidiaries have established an allowance for inventory impairment
and believe that all inventories are stated at their net realizable values.
Inventories are pledged as collateral for credit facilities obtained from PT Bank Mandiri
(Persero) Tbk (Note 13).
9. ADVANCES
2025 2024
(Rp'000) (Rp'000)
Third parties
Purchases of raw and supporting material 16,037,132 10,268,896
31
Page 34
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Advances for import 4,453,794 4,530,026
Purchases of fixed asset 2,720,256 955,448
Other advances 1,338,584 410,222
Total 24,549,766 16,164,592
10. PREPAID EXPENSE
2025 2024
(Rp'000) (Rp'000)
Third parties
Insurance 1,048,664 910,335
Office rent 299,600 -
Packing material 1,434,369 4,306,939
Total 2,782,633 5,217,274
11. INVESTMENT
This account consists of an investment representing a 1.6% ownership in PT Tembaga
Mulia Semanan Tbk., or 12 (twelve) million shares at market value as of September 30,
2025 (2024: 6 (six) million shares).
2025 2024
(Rp'000) (Rp'000)
Investment 9,720,000 9,720,000
32
Page 35
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
12. FIXED ASSETS
1-Jan-25 30-Sep-25
(Rp'000) Penambahan Pengurangan Reklasifikasi (Rp'000)
Acquisition cost:
Direct ownership
Land
276,064,000 - - - 276,064,000
Buildings
78,058,819 2,896,136 - - 80,954,955
Electrical installation
8,415,145 1,174,812 50,629 - 9,539,328
Machineries
267,498,032 1,080,000 7,478,620 52,390,881 313,490,293
Factory equipments
88,718,577 5,813,993 660,170 4,830,285 98,702,685
Laboratory equipments
14,746,837 250,524 275,208 - 14,722,153
Office equipments
21,916,683 618,775 6,000 4,196,658 26,726,116
Vehicles
16,326,408 45,723 - - 16,372,131
Finance lease
Machineries 752,542 - - (752,542) -
Vehicles
12,746,890 392,500 - 752,542 13,891,932
Total 785,243,933 12,272,463 8,470,627 61,417,824 850,463,593
Contruction in progress
Electrical installation 4,144,173 (4,144,173) - - -
Machineries 34,595,775 33,183,517 - (52,390,881) 15,388,411
Factory equipments - 4,830,285 - (4,830,285) -
Office equipment - 4,196,658 - (4,196,658) -
Total 38,739,948 38,066,287 - (61,417,824) 15,388,411
Total acquisition cost 823,983,881 50,338,750 - 865,852,004
Accumulated depreciation:
Direct ownership
Buildings
36,464,114 5,404,436 - - 41,868,550
Electrical installation
6,696,340 480,542 50,629 - 7,126,253
Machineries
135,886,714 17,314,880 5,227,037 - 147,974,557
Factory equipment
71,123,779 5,092,548 660,170 - 75,556,157
Laboratory equipment
12,169,472 563,489 275,208 - 12,457,753
Office equipment
16,965,238 1,563,138 6,000 - 18,522,376
Vahicles
14,113,507 660,759 - 113,278 14,887,544
Finance lease
Vahicles
3,813,566 2,541,709 - (113,278) 6,241,997
Total 297,232,730 33,621,501 6,219,044 - 324,635,187
Book value 526,751,151 541,216,817
33
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
1-Jan-24 31-Des-24
(Rp'000) Penambahan Pengurangan Reklasifikasi (Rp'000)
Acquisition cost:
27
Direct ownership
Land
278,720,000 - 2,656,000 - 276,064,000
Buildings
68,029,736 10,029,083 - - 78,058,819
Electrical installation
8,289,362 - 830,217 956,000 8,415,145
Machineries
237,899,965 1,358,942 5,756,767 33,995,892 267,498,032
Factory equipment
84,656,960 4,061,617 - - 88,718,577
Laboratory equipments
12,813,113 1,163,724 - 770,000 14,746,837
Office equipment
18,984,057 2,730,749 - 201,877 21,916,683
Vahicles
14,697,327 602,310 232,128 1,258,899 16,326,408
Finance lease
Machineries
21,522,965 407,025 - (21,177,448) 752,542
Vahicles
8,300,849 5,704,940 - (1,258,899) 12,746,890
Total 753,914,334 26,058,390 9,475,112 14,746,321 785,243,933
Contruction in progress
Electrical installation - 5,100,173 (956,000) 4,144,173
Machineries 16,778,493 30,635,726 - (12,818,444) 34,595,775
Factory equipments - 201,877 (201,877) -
Laboratory equipments 231,000 539,000 - (770,000) -
Total 17,009,493 36,476,776 - (14,746,321) 38,739,948
770,923,827 62,535,166 9,475,112 - 823,983,881
Accumulated depreciation:
Direct ownership
Buildings
29,988,260 6,475,854 - - 36,464,114
Electrical installation
7,220,016 306,541 830,217 - 6,696,340
Machineries
108,193,331 20,076,062 2,541,932 10,159,253 135,886,714
Factory equipments
64,664,583 6,459,196 - - 71,123,779
Laboratory equipments
11,702,479 466,993 - - 12,169,472
Office equipments
15,479,122 1,486,116 - - 16,965,238
Vehicles
12,608,573 788,228 232,128 948,834 14,113,507
Finance lease
Machineries
10,159,253 - - (10,159,253) -
Vehicles
2,438,756 2,323,644 - (948,834) 3,813,566
Total 262,454,373 38,382,634 3,604,277 - 297,232,730
Book Value 508,469,454 526,751,151
34
Page 37
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
The Company and its subsidiaries own several parcels of land located in Jakarta and
Tangerang, with legal titles in the form of Building Use Rights (Hak Guna Bangunan or
HGB) for periods of 20 to 30 years, which will expire between 2020 and 2028. Management
believes that there are no issues with the extension of these land rights, as all land was legally
acquired and is supported by adequate ownership documentation.
In 2020, the Company and its subsidiaries conducted an assessment of the carrying values of
their land, buildings, and machinery. Based on this assessment, management believes that
there were no significant changes in fair value.
In determining the fair value, the Independent Appraiser applied a valuation method that
combines three (3) approaches, namely the Market Approach, Cost Approach, and Income
Approach. In relation to the application of the revaluation model for land and buildings, the
approaches used are as follows:
Market Approach is a valuation approach that uses transaction data or offers for
comparable and similar properties to the subject of valuation, based on a process of
comparison and adjustment. The market approach is used to determine the fair value of
land, vehicles, and heavy equipment by comparing several sales data of similar and
comparable assets, from which a conclusion can be drawn.
Income Approach is a valuation approach based on the income and expenses related to
the subject of valuation, which are then capitalized.
Cost Approach is a valuation approach used to obtain an indication of value based on
the estimated cost required to replace, repair, or reconstruct a property into a condition
substantially similar to, but not better or more extensive than, its new condition. This
includes material costs/prices, labor costs, supervision costs, contractor’s fixed costs
(including profit), engineering service fees, and all related expenses such as
transportation, insurance, installation, import duties, and value-added tax (VAT), if any,
but excluding overtime and bonus/premium costs.
The cost approach is used to determine the fair value of buildings, supporting facilities,
office equipment, production machinery, laboratory equipment, workshop equipment,
and factory equipment, using the depreciated replacement cost method, which deducts
accumulated depreciation and considers the area (in square meters) of the installed
units.
The Company recorded the gain (loss) on disposal of fixed assets as follows:
2025 2024
(Rp'000) (Rp'000)
Selling price 1,356,279 331,347
Less:
Acquisition cost 8,470,627 542,430
Accumulated depreciation (6,219,044) (225,859)
Carrying amount 2,251,583 316,571
Gain (Loss) on sale of property,plant,and equipment (895,304) 14,776
35
Page 38
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
The depreciations were allocated to :
2025 2024/Des
(Rp'000) (Rp'000)
Direct ownership:
Manufacturing expences 25,477,689 26,918,706
General and administrative 6,990,968 6,643,305
Selling expenses 1,152,844 559,013
Total 33,621,501 34,121,024
During the nine-month periods ended September 30, 2025 and 2024, all fixed assets, except
for land, were insured against all risks under an insurance consortium coordinated by PT
Estika Jasatama, with total coverage amounting to Rp 877 billion in both 2025 and 2024.
Management believes that the insurance coverage is adequate to cover any potential losses
related to the insured assets.
Fixed assets are pledged as collateral for loans obtained from PT Bank Mandiri (Persero)
Tbk. (Note 11).
13. INTANGIBLE ASSETS
30 September 2025
Beginning Balance Additions Deductions Reclassification Ending Balance
Acquisition Cost
License for Software 5,685,918 - - - 5,685,918
Total 5,685,918 - - - 5,685,918
Accumulated Depreciation
License for Software 1,414,974 1,063,182 - - 2,478,156
Total 1,414,974 2,478,156
Net Book Value 4,270,944 3,207,762
31 December 2024
Beginning Balance Additions Deductions Reclassification Ending Balance
Acquisition Cost
License for Software - 5,685,918 - - 5,685,918
Total - 5,685,918 - - 5,685,918
36
Page 39
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Accumulated Depreciation
License for Software - 1,414,974 - - 1,414,974
Total - 1,414,974
Net Book Value - 4,270,944
14. OTHER NON-CURRENT ASSETS
Other non-current assets represent security deposits for electricity subscriptions with PLN,
amounting to Rp 731,251 as of September 30, 2025 and December 31, 2024.
15. BANK LOANS
2025 2024
(Rp'000) (Rp'000)
Bank Mandiri
Rupiah 302,000,000 300,000,000
United states dollar 27,308,751 29,967,827
US$ 1.637.215 (2024: USD1.854.215)
Letter of credit :
Rupiah 635,094,630 780,814,766
United states dollar 3,424,815 7,642,771
USD 205.325 (2024: USD 472.885)
Chinese Yuan 3,911,816 2,211,786
CNY 1.669.575 (2024: CNY999.000) - -
Total 971,740,012 1,120,637,150
Long term investment credit
Current maturities within one yer
Bank Mandiri - 267,200
Bank Central Asia 2,096,102 4,983,934
2,096,102 5,251,134
Current maturities more than one year
Bank Mandiri 14,171,002 -
Bank Central Asia 28,646,731 17,028,440
42,817,733 17,028,440
37
Page 40
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Saldo pada tanggal/ Saldo pada tanggal/
Tipe Jumlah fasilitas/ Periode Tingkat suku Outstanding Outstanding
fasailitas/ Total facility Periode pembayaran bunga per tahun/ balance at balance at
Type of (dalam ribuan/ pinjaman/ bunga/ Interest Per annual Jaminan/
facility in thousand) Loan term payment period interest rate Collateral 30 Sep 2025 31 December 2024
Kredit jangka pendek
Kredit Modal Kerja- 15 Juni 2025 - 14 Piutang usaha,
1/ Working Capital Rp 93.000.000 Juni 2026 / 15 Bulanan/monthly 8.5%-9% persediaan dan - -
Facility-1 June 2025 - 14 aset tetap/ trade
June 2026 receivables,
Bulanan/monthly 8.5%-9% - -
inventories and
property, plant
and equipment
Kredit Modal Kerja -2 Rp 300.000.000 15 Juni 2025 - 14 Bulanan/monthly 8,5-9% 302,000,000 300,000,000
Juni 2026 / 15
June 2025 - 14
June 2026
Credit and USD 53.000 15 Juni 2025 - 14 Bulanan/monthly - Piutang usaha, 642,431,261 790,669,323
Juni 2026 / 15 persediaan dan
Trust Receipt (2019: USD 53.000)
June 2025 - 14 aset tetap/ trade
June 2026 receivables,
Bank Guarantee USD 14.000 Bulanan/monthly - - -
inventories and
(2019: USD 14.000) property, plant
and equipment
Treasury line USD 5.000 Bulanan/monthly - - -
Bill purchasing USD 1.600 Bulanan/monthly - - -
line
Kredit Modal
Kerja-3/Working
Capital facility-3 USD 2.125 Bulanan/monthly 7,25% 27,308,751 29,967,827
Jumlah/ Total 971,740,012 1,120,637,150
Kredit jangka panjang
Bank Madiri
Obyek investasi
Kredit Investasi/ 09 Agustus 2024 - Bulanan/monthly 8,5%
yang dibiayai
Investment Credit USD 1,315 09 Agustus 2029 KI/investment
object funded by
investment credit
Bank BCA 1Mei 2029/1 May 2029 8,25%
Jatuh tempo dalam satu tahun
Bank Mandiri - 267,200
Bank Central Asia 2,096,102 4,983,934
2,096,102 5,251,134
Jangka panjang
Bank Mandiri 14,171,002 -
Bank Central Asia 28,646,731 17,028,440
42,817,733 17,028,440
Jumlah 44,913,835 22,279,574
Jumlah/ Total 38 1,016,653,847 1,142,916,724
Page 41
PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
The details of collateral for the loan facilities obtained by the Company are as follows:
1. Inventories pledged under fiduciary security amounting to Rp 607,973,000.
2. Trade receivables pledged under fiduciary security amounting to Rp 566,104,000.
3. Land and buildings located at Jl. Pajajaran, Desa Gandasari, Kecamatan Jatiuwung,
Tangerang City, consisting of:
a. Land area of 54,555 m², SHGB No. 48, under the Company’s name, amounting
to Rp 130,564.08 million.
b. Land area of 45,650 m², SHGB Nos. 61, 62, 63, and 68, under the Company’s
name, amounting to Rp 111,371.92 million.
c. Land area of 37,837 m², SHGB No. 105, under the Company’s name, amounting
to Rp 90,553.62 million.
4. Machinery and factory equipment pledged under fiduciary security amounting to Rp
113,942,230.
5. Heavy equipment (11 forklift units) pledged under fiduciary security amounting to Rp
2,523,000.
6. Office space at Menara Batavia under the name of PT Monaspermata Persada
(SHMSRS No. 1624/XXVI) amounting to Rp 33,208,520.
7. Machinery and factory equipment pledged under fiduciary security amounting to Rp
33,000 million.
8. Machinery and factory equipment pledged under fiduciary security amounting to Rp
44,507 million.
Based on the loan agreement with PT Bank Mandiri (Persero) Tbk, the Company is required
to maintain certain financial ratios as follows:
Minimum current ratio: 100%
Maximum leverage: 500%
Minimum EBITDA to interest ratio: 120%
Minimum debt service coverage ratio: 110%
As of June 30, 2025, the Company has complied with the financial ratios as required by the
bank.
Under the agreement with PT Bank Mandiri (Persero) Tbk, there are restrictions requiring
the Company to obtain written notification from the Bank for any civil or criminal matters
and other issues that may affect the Company’s business or assets, as well as for any event
of default that may affect the fulfillment of the Company’s obligations to the Bank.
While the loan remains outstanding, without prior written consent from Bank Mandiri, the
Company is prohibited from:
Transferring or disposing of any collateral assets;
39
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Obtaining credit or loan facilities from other banks or third parties, except for existing
facilities;
Acting as guarantor or pledging the Company’s assets to other parties;
Repaying shareholders’ loans;
Withdrawing capital for purposes unrelated to the Company’s business;
Distributing dividends, unless all financial covenants have been fulfilled, in which case
the Company shall report the distribution to Bank Mandiri no later than 14 (fourteen)
working days after execution.
Investment Loan
Based on the credit agreement dated June 10, 2020, the Company obtained an investment
credit facility with a maximum credit limit of Rp 52,212,150 and an interest rate of 9% per
annum. The credit term is until July 14, 2025, or for a period of five (5) years. This loan was
used to finance the purchase of machinery and equipment.
Principal repayments are made on a monthly basis and adjusted according to the actual
utilization of the credit facility. The loan is secured by the fixed assets financed under this
investment credit. The collateral is subject to cross-collateral and cross-default provisions with
all facilities granted by the Bank.
16. TRADE PAYABLES
This account represents liabilities to suppliers for purchases of raw materials, spare parts,
and indirect materials, with details as follows:
a. The amount of trade payables by supplier is as follows:
2025 2024
(Rp'000) (Rp'000)
Pihak ketiga 398,792,465 298,093,474
Pihak berelasi 123,435,731 99,815,251
Total 522,228,196 397,908,725
b. The amount of trade payables by currency is as follows:
2025 2024
(Rp'000) (Rp'000)
Rupiah 402,014,603 322,521,943
Yuan China 104,031,143 64,601,805
Dolar Amerika Serikat 16,182,450 10,784,900
Euro - 77
Total
522,228,196 397,908,725
40
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
The credit terms arising from the purchase of main and auxiliary raw materials, both from
local and foreign suppliers, range from 30 (thirty) to 180 (one hundred eighty) days.
17. OTHER PAYABLES
2025 2024
(Rp'000) (Rp'000)
Purchase of fixed assets 5,846,518 14,886,326
Others 6,371,499 10,404,976
Total 12,218,017 25,291,302
18. SALES ADVANCES
2025 2024
(Rp'000) (Rp'000)
Third parties 17,949,299 19,622,243
Related parties - -
Total 17,949,299 19,622,243
19. ACCRUED EXPENSES
2025 2024
(Rp'000) (Rp'000)
Third parties 17,949,299 19,622,243
Related parties - -
Total 17,949,299 19,622,243
20. FINANCIAL LEASE LIABILITIES
The future minimum lease payment obligations under finance lease agreements are as
follows:
2025 2024
(Rp'000) (Rp'000)
Current maturities 739,440 3,537,881
Between two to five years 2,977,662 2,998,039
Total finance lease 3,717,102 6,535,920
Less interest loan 203,703 488,291
Total finance lease payables- net 3,513,399 6,047,629
Less current maturities within one year 739,440 3,537,881
41
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Non-current maturities 2,773,959 2,509,748
The Company and its subsidiaries’ management have established a policy to acquire
vehicles through finance leases. The lease terms range from 3 to 5 years with flat annual
interest rates between 6% and 10%. All lease liabilities are denominated in Rupiah and are
payable in fixed monthly installments. These liabilities are secured by the related leased
fixed assets (Note 12).
21. SHARE CAPITAL
In accordance with the Approval in Principle Letter from the Indonesia Stock Exchange
(“IDX”) No. S-02613/BEI.PP3/03-2024 dated March 18, 2024, and the Approval Letter for
the Listing of Stock Split No. S-05504/BEI.PP3/06-2024 dated June 13, 2024, the Company
has carried out a Stock Split of its nominal share value from Rp500 per share to Rp100 per
share, or one (1) old share for five (5) new shares.
Accordingly, the composition of shareholders and their ownership as of June 1, 2025 and
December 31, 2024 is as follows:
2024 and 2023
Number of Number of Percentage of Paid-up
Name of Shareholder
Shares 2024 Shares 2023 Ownership Capital
PT Monaspermata Persada 397,425,000 79,485,000 52.57% 39,742,500
PT Indolife Pensiontama 132,891,500 26,578,300 17.58% 13,289,150
Fujikura Ltd., Japan 102,150,000 20,430,000 13.51% 10,215,000
Fujikura Asia Ltd., Singapore 49,050,000 9,810,000 6.49% 4,905,000
Public (each below 5%) 74,483,500 14,896,700 9.85% 7,448,350
Total 756,000,000 151,200,000 100.00% 75,600,000
As of June 2, 2025, a share transaction was conducted through the Negotiated Market
between PT Monaspermata Persada and Fujikura Ltd., Japan, resulting in the following
composition of shareholders and their ownership as of June 30, 2025:
2025 and 2024
Number of Number of Percentage of Paid-up
Name of Shareholder
Shares 2025 Shares 2024 Ownership Capital
PT Monaspermata Persada 450,525,000 397,425,000 59.59% 45,052,500
PT Indolife Pensiontama 132,891,500 132,891,500 17.58% 13,289,150
Fujikura Ltd., Japan 49,050,000 102,150,000 6.49% 10,215,000
Fujikura Asia Ltd., Singapore 49,050,000 49,050,000 6.49% 4,905,000
Public (each below 5%) 74,483,500 74,483,500 9.85% 7,448,350
Total 756,000,000 756,000,000 100.00% 75,600,000
42
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
In accordance with Law No. 40 of 2007 on Limited Liability Companies, the Company is
required to appropriate a reserve from its net profit amounting to at least 20% of the issued
and paid-up capital.
As of June 30, 2025, the Company has established a statutory reserve of Rp 35,000,000
(2024: Rp 30,000,000).
22. ADDITIONAL PAID IN CAPITAL
As of September 30, 2025 and December 31, 2024, this account represents share premium
arising from the issuance of the Company’s shares to the public in 1992, as follows:
Tahun 1992 Rupiah (Rp)
Amount received from the issuance of 10,000,000 shares 47,500,000
Amount recorded as paid-up capital (10,000,000)
Net share premium balance before capitalization 37,500,000
Capitalized into shares in 1994 (33,600,000)
Additional paid in capital 3,900,000
23. NET SALES
The breakdown of net sales by subscription group is as follows:
2025 2024
(Rp'000) (Rp'000)
Electricity cables 2,811,868,994 2,203,036,780
Communication cables 112,428,856 131,786,113
Others 67,926,332 66,561,501
Total net sales 2,992,224,182 2,401,384,394
2025 2024
(Rp'000) (Rp'000)
Sales
Local 2,984,550,847 2,392,129,656
Export 7,673,335 9,254,738
Total 2,992,224,182 2,401,384,394
The percentage of sales to related parties for the nine-month periods of 2025 and 2024 was 31.4% and
39.8%.
43
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
The following is a breakdown of sales exceeding 10% of net sales for the six-month periods ended
September 30, 2025, and 2024, respectively.
2025 2024
(Rp'000) (Rp'000)
PT Sinarmonas Industries 672,731,456 712,144,089
PT PLN Persero 374,300,866 348,959,945
PT Indah Kiat Pulp & Paper Tbk 277,804,455 -
PT Monaspermata Persada 266,642,507 243,358,011
RDMP BALIKPAPAN JO - 120,297,142
Total
1,591,479,284 1,424,759,186
24. COST OF GOODS SOLD
2025 2024
(Rp'000) (Rp'000)
Raw materials
At beginning of year 144,653,485 99,565,566
Purchases 2,385,489,165 2,119,513,840
Available for use 2,530,142,650 2,219,079,406
At end of year (132,574,480) (134,100,406)
Raw materials used 2,397,568,170 2,084,979,000
Direct labor 90,469,588 75,141,013
Indirect manufacture expenses 77,390,878 68,794,265
Total manufacturing cost 2,565,428,636 2,228,914,278
Work in process inventories
At beginning of year 272,597,454 74,609,316
At end of year (228,794,619) (252,976,854)
Cost of goods manufactured 2,609,231,471 2,050,546,740
Finish goods inventories
At beginning of year 190,729,905 258,408,331
Purchases 128,850,867 109,215,591
At end of year (197,017,543) (227,206,961)
Total cost of goods sold 2,731,794,700 2,190,963,701
The percentage of raw material purchases from related parties in the nine-month periods of
2025 and 2024 was 18.0% and 21.0%, respectively.
The following is a breakdown of raw material purchases exceeding 10% of total net purchases
in the nine-month periods ended September 30, 2025, and 2024, respectively.
44
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
2025 2024
(Rp'000) (Rp'000)
PT Tembaga Mulia Semanan 1,066,865,853 944,259,314
PT Karya Sumiden Indonesia 597,278,403 517,710,794
PT Sinarmonas Industries 191,023,841 236,248,378
Total 1,855,168,097 1,698,218,486
25. INDIRECT MANUFACTURING EXPENSES
2025 2024
(Rp'000) Rp'000)
Depreciation 25,477,689 20,730,230
Repairs and maintenance 23,854,557 22,679,048
Electricity, water and gas 23,295,300 22,476,595
Fuel and oil 1,841,665 795,414
Packing 438,281 301,378
Laboratory and testing 429,698 206,990
Rent expenses 342,070 297,495
Traveling 325,694 177,975
Licensing 313,465 -
Office supplies 208,150 133,853
Insurance 80,841 40,077
Communication 51,747 24,726
Meeting and entertainment 47,278 1,433
Materials 41,000 -
Freight out - 885,063
Training - 252
Others 643,443 43,736
Total direct manufacturing expenses 77,390,878 68,794,265
26. OPERATING EXPENSES
2025 2024
(Rp'000) Rp'000)
Selling expenses
Freight out 25,184,684 21,129,717
Salaries, wages and allowance 14,431,531 14,063,554
Sales commission 7,616,008 15,594,479
Packing 2,638,094 3,711,235
Laboratory and testing 2,267,505 1,805,651
Depreciation 1,152,844 951,219
Meeting and entertainment 1,109,144 1,180,921
45
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Advertising and promotion 808,683 760,105
Traveling 701,493 316,310
Repairs and maintenance 502,734 319,652
Office supplies and stationeries 316,548 297,352
Insurance 265,712 391,282
Communication 121,754 135,472
Licensing 110,847 25,000
Representation and donation 54,800 73,100
Penalties for late deliveries 45,513 704,142
Tender 16,373 15,275
Cable 15,832 1,676,169
Bank administration - 2,389,966
Training - 264,035
Fuel and oil - 230,034
Others 58,649 78,060
Total sales expenses 57,418,748 66,112,730
2025 2024
(Rp'000) Rp'000)
General and administration
Saleris, wages and allowance 24,239,997 38,040,472
Depreciation intangible asset 6,990,968 6,587,417
Repairs and maintenance 2,208,326 4,409,902
Profesional fees 1,833,041 1,361,577
Amortization 1,063,182 -
Traveling 945,398 625,044
Licensing 692,175 596,922
Rent 643,322 685,740
Trainning 628,067 1,154,505
Tax expenses 604,295 648,470
Insurance 594,813 473,871
Representation and donation 377,315 499,196
Communication 265,851 275,103
Electricity, water and gas 225,295 313,663
Emplyoee recruitment 222,758 -
Office supplies and stationeries 173,874 628,424
Freight out 150,000 -
Meeting and entertainment 50,174 1,603,782
Packing 24,200 227,608
Fuel and oil 2,094 305,774
Bank administration - 12,604,376
Laboratory and testing - 1,698,262
Others 4,129,893 2,435,727
Total 46,065,038 75,175,835
Total operating expenses 103,483,786 141,288,565
46
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
27. INTEREST EXPENSES
This account includes interest on the following loans:
2025 2024/Sep
(Rp’000) (Rp’000)
Bank loan 28,044,246 11,836,068
Lease 230,866 176,806
Total 28,275,112 12,012,874
28. TAXATION
a.Prepaid tax
2025 2024/Sep
(Rp’000) (Rp’000)
Article 22 122,405 -
Article 23 13,028 -
Value Added Tax – Restitution 33,799,975 23,698,830
Value added taxes 2,155,335 7,770,775
Total 36,090,743 31,469,605
b. Estimated income tax claim
This amount is an estimate of PT Jembo Energindo's income tax claim of Rp 259.575
c. Taxes payable
2025 2024/Sep
(Rp’000) (Rp’000)
Income taxes :
Estimated income tax liability 2025 8,275,993 3,528,047
Article 21 509,535 407,437
Article 23 172,828 90,619
Article 4 (2) 13,692 5,217
Article 26 - 38,868
Article 29 273,157 230,763
Value Added Tax – Net 87,599 -
Total 9,332,804 4,300,951
47
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
d. Income taxes
Income tax expense (benefits), are as:
2025 2024
(Rp’000) (Rp’000)
Current tax 26,648,180 14,040,338
Deferred tax (776,649) (1,812,056)
Total 25,871,531 12,228,282
e. Current taxes
Reconciliation of loss before tax according to the income statement with taxable income:
2025 2024
(Rp’000) (Rp’000)
Income before income tax per consolidated statementof
profit or loss and other comprehensive income 117,098,320 57,532,125
Profit (loss) before income tax of the subsidiaries (47,535) (786,543)
Net Profit 117,050,785 56,745,582
Temporary differences:
Impairment of inventories - -
Depreciation of fixed assets 3,577,756 9,023,163
Total 3,577,756 9,023,163
Permanent differences :
Meeting and entertainment 823,478 367,508
Interest income (890,144) (1,404,191)
Income from rent and construction (130,275) (234,495)
Canteen expenses and other allowance 242,113 218,893
Donation expenses 278,615 1,402,760
Insurance expenses 32,033 11,353
Communication expenses 31,293 50,688
Vehicle expenses 84,195 77,737
Advertising expense 28,241 -
Finance lease installments - (1,599,279)
Other income - (840,000)
Total 499,548 (1,949,026)
Estimated taxable profit (loss) 121,128,089 63,819,719
Accumulated fiscal losses - -
48
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Fiscal profit (loss) not yet compensated 121,128,089 63,819,719
The calculation of current tax burden and debt is as follows :
2025 2024
(Rp’000) (Rp’000)
Current tax expenses
22% x 63,819,719 - 14,040,338
22% x 121,128,089 26,648,180 -
Total 26,648,180 14,040,338
Less advance tax payments:
Income tax article 22 12,372,136 10,103,445
Income tax article 23 30,726 149,271
Income tax article 25 5,969,325 259,575
Estimated income tax debt (claim) 8,275,993 3,528,047
f. Deferred taxes
Details of the deferred tax assets and liabilities of the company and its subsidiaries are as
follows:
Credited (charged)
01-Jan to the report 30-Sep
profit and loss
2025 2025
Deferred tax assets (liabilities):
Employee benefits 15,940,896 - 15,940,896
Fiscal loss (profit) - - -
Lease liabilities (1,556,136) - (1,556,136)
Depreciation of fixed asset 14,843,328 593,464 15,630,434
Impairment of inventories 1,061,986 - 1,061,986
Provision for Bad Debts 13,723,614 - 13,723,614
Deferred tax assets of subsidiaries 1,322,856 (10,458) 1,312,398
Deferred tax assets (liabilities)
45,336,544 776,649 46,113,193
Credited (charged)
01-Jan to the report 30-Sep
profit and loss
2024 2024
Deferred tax assets (liabilities):
Employee benefits 16,234,190 - 16,234,190
49
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Fiscal loss - 6,043,275 6,043,275
Lease liabilities (5,618,475) - (5,618,475)
Depreciation of fixed assets 12,318,066 1,985,096 14,303,162
Impairment of inventories 596,310 - 596,310
Provision for Bad Debts 14,062,861 - 14,062,861
Deferred tax assets of subsidiaries 1,264,189 1,792,751 3,056,940
Deferred tax assets (liabilities)
38,857,141 9,821,122 48,678,263
The reconciliation between tax income and the result of multiplying accounting profit before
tax, with the applicable tax rate is as follows:
2025 2024
Rp’000 Rp’000
Profit (loss) before income tax according
to the income statement 117,050,785 56,745,582
Tarif pajak yang berlaku :
22% x Rp 117.050.785 25,751,173 -
22% x Rp 56,305,479 - 12,484,028
Total 25,751,173 12,484,028
The effect of tax on income (expenses) that cannot be
calculated according to fiscal:
Meeting and entertainment 181,165 80,852
Interest income (195,832) (308,922)
Income from rent and construction (28,661) (51,589)
Canteen expenses and other allowance 53,265 48,156
Donation expenses 61,295 308,607
Insurance expenses 7,047 2,498
Communication expenses 6,885 11,151
Vehicle expenses 18,523 17,102
Advertising expense 6,213 -
Finance lease installments - (351,841)
Other income - - 184,800
Total 109,901 (428,786)
Corporate Tax Expense (Income) 25,861,073 12,055,242
Subsidiary entity tax expense (income) 10,458 173,039
Income Tax Expense (Benefit) 25,871,531 12,228,281
Tax Assessment Letters
Tax Audit for Fiscal Year 2023
50
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
On January 18, 2023, the Company received a Decision Letter from the Directorate General
of Taxes (DGT) No. KEP-00008/SKPPKP/KPP.071003/2023 regarding an advance refund
of overpayment of Value Added Tax (VAT) for November 2022 amounting to Rp
13,522,663,380. The Company received this refund on February 6, 2024.
On April 3, 2023, the Company received a Decision Letter from the DGT No.
00006/406/21/081/23 concerning an Overpayment Tax Assessment Letter (SKPLB) for
Income Tax year 2021 amounting to Rp 5,261,457,152.
On April 10, 2023, the Company received a Decision Letter No. KEP-
00016/PPH/KPP.0710/2023 regarding a refund of income tax overpayment, whereby the
Company received a corporate income tax restitution for 2021 amounting to Rp
4,181,785,196 after offsetting tax payables of Rp 1,079,671,956.
Details of the tax payables are as follows:
a. Underpayment Tax Assessment Letter (SKPKB) No. 00003/207/21/081/23
amounting to Rp 510,858,777 related to VAT for December 2021;
b. SKPKB No. 00006/201/21/081/23 amounting to Rp 476,711,556 related to Income
Tax Article 21 for December 2021;
c. SKPKB No. 00009/203/21/081/23 amounting to Rp 48,150,891 related to Income
Tax Article 23 for December 2021;
d. Tax Collection Letter No. 00050/107/21/081/23 amounting to Rp 3,134,252 for the
tax period September 2021; and
e. Tax Collection Letter No. 00051/107/21/081/23 amounting to Rp 40,816,480 for the
tax period December 2021.
The Company received this refund on April 26, 2023.
Further tax refund decisions received by the Company:
May 15, 2023: VAT March 2023 refund of Rp 8,528,504,887 (Decision No. KEP-
00101/SKPPKP/KPP.0710/2023) – payment received June 13, 2023.
July 18, 2023: VAT May 2023 refund of Rp 10,062,351,136 (Decision No. KEP-
00136/SKPPKP/KPP.0710/2023) – payment received August 11, 2023.
October 12, 2023: VAT May 2023 refund of Rp 10,938,204,321 (Decision No. KEP-
00192/SKPPKP/KPP.0710/2023) – payment received November 3, 2023.
Tax Audit for Fiscal Year 2024
May 14, 2024: VAT February 2024 refund of Rp 11,396,074,010 (Decision No. KEP-
00085/SKPPKP/KPP.0710/2024).
The refund was paid on June 20, 2024, per Tax Refund Payment Order No. 00471A,
net of tax offset Rp 1,582,308,456, resulting in Rp 9,813,765,554 paid to the Company.
June 5, 2024: VAT April 2024 refund of Rp 9,642,268,762 (Decision No. KEP-
00103/SKPPKP/KPP.0710/2024) – paid on June 20, 2024 (Order No. 00517A).
August 19, 2024: VAT June 2024 refund of Rp 13,642,898,206 (Decision No. KEP-
00150/SKPPKP/KPP.0710/2024) – paid on September 5, 2024 (Order No. 00820A).
51
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
September 11, 2024: VAT July 2024 refund of Rp 10,028,747,738 (Decision No. KEP-
00168/SKPPKP/KPP.0710/2024) – paid on October 8, 2024 (Order No. 00923A).
November 19, 2024: VAT September 2024 refund of Rp 9,254,729,982 (Decision No.
KEP-00208/SKPPKP/KPP.0710/2024).
Tax Administration
Under prevailing tax regulations, the Company is responsible for self-assessing, determining,
and paying its tax obligations. The Directorate General of Taxes may reassess or amend tax
liabilities within five (5) years from the date the tax becomes due.
On January 23, 2025, the Company received a Decision Letter No. KEP-
00012/SKPPKP/KPP.0710/2025 concerning a refund of VAT overpayment for November
2024 amounting to Rp 11,446,780,038.
On February 4, 2025, the Company received a Tax Collection Letter No. 00003/106/24/081/25
concerning the current year income tax installment for December 2024 amounting to Rp
751,208,386, which was offset against the aforementioned VAT refund.
29. EARNINGS PER SHARE
For the nine-month periods ended September 30, 2025 and 2024, the net profit used for the
computation of basic earnings per share amounted to Rp 47,920,260 and Rp 28,821,790,
respectively.
The weighted-average number of shares outstanding was 756,000,000 shares for 2025 and
151,200,000 shares for 2024.
Earnings per share (full amount) were Rp 120.67 for 2025 and Rp 59.93 for 2024.
30. DIVIDENDS
Based on Minutes of the General Meeting of Shareholders Deed No. 56 dated June 11, 2025,
notarized by Satria Amputra A, S.H., M.Kn, the shareholders approved the declaration of a
final dividend for fiscal year 2024 amounting to Rp 10.00 per share, or Rp 7,560,000,000 in
total.
Based on Deed of Minutes of the General Meeting of Shareholders No. 16 dated May 22, 2024,
the shareholders approved the declaration of a final dividend for fiscal year 2023 amounting to
Rp 250.00 per share, or Rp 37,800,000,000 in total.
Based on Deed of Minutes of the General Meeting of Shareholders No. 34 dated June 12, 2023,
the shareholders approved the declaration of a final dividend for fiscal year 2022 amounting to
Rp 100.00 per share, or Rp 15,120,000,000 in total.
52
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
31. EMPLOYEE BENEFITS LIABILITY
The post-employment benefits liability as of December 31, 2024 and 2023 was calculated by
the independent actuary, Arya Bagiastra dan Yusi & Rekan, under report numbers
410/PSAK/KKA.AB/WS/II/25 dated February 10, 2025 and 410/PSAK/KKA.AB/WS/II/2024
dated February 19, 2024, using the Projected Unit Credit method and the following
assumptions:
Description 2024 2023
Number of employees 848 861
Discount rate 7.13% 7%
Future salary increase rate 5% 7%
Normal retirement age 58 years 58 years
Mortality table TMI 2019 TMI 2019
Disability rate 5% of TMI 2019 5% of TMI 2019
4% 4%
Resignation rate (under 30 years old)
Decreasing two years before normal retirement age
Reconciliation of liability recognized in the statement of financial position:
2024 (Rp’000) 2023 (Rp’000)
Net employee benefits liability 72,611,216 73,791,775
Less: Payable within one year 15,300,755 10,276,045
Long-term employee benefits liability 57,310,461 63,515,730
Movements in the liability recognized in the statement of financial position, are as follows:
2024 2023
Current service cost 5,080,880 4,222,270
Past service cost - -
Interest cost 5,176,292 4,399,061
Remeasurement of other long term
employee benefits
- -
Jumlah 10,257,172 8,621,331
(Gains) Losses recognized in the current year's comprehensive income line:
53
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
2024 2023
Beginning balance 65,913,637 67,897,506
Benefit payments (6,706,897) (7,037,889)
Total amount recognized in other
comprehensive income 8,621,331 7,218,731
Expanse in current year 5,963,705 (2,164,711)
Total 73,791,775 65,913,637
Accumulation of (gains) Losses recognizedvin other comprehensive income, are as follows:
2024 2023
Beginning balance 7,993,145 2,029,440
Remeasurement on the (gain) loss defined
benefit liability (4,315,034) 5,963,705
Total 3,678,111 7,993,145
The net liability movements in the statement of financial position are as follows:
2024 2023
Liabilities at beginning of year 73,791,775 67,897,506
Benefit paid (7,122,697) (7,037,889)
Expanses current years 10,257,172
Other comprehensive income (4,315,034) 7,218,731
Total liabilities at end of year 72,611,216 73,791,775
A sensitive analysis of the employment benefits liabilities to changes in the principal actuarial
assumption as of 31 Desember 2024 dan 2023 are as follows:
2024 2023
Sensitivity analysis of discount rate
Increase of 1%
Present value of
the benefit obligation
63,317,419 64,339,623
current service cost 4,353,407 3,466,306
Increase of 1%
Present value of
the benefit obligation
83,975,631 85,786,164
current service cost 5,773,768 4,621,742
54
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Sensitivity analysis of
salary increase
Increase of 1%
Present value of
the benefit obligation
86,637,411 87,330,315
current service cost 5,956,779 4,704,933
Increase of 1%
Present value of
the benefit obligation
57,758,274 63,026,570
current service cost 3,971,186 3,395,565
The above sensitivity analysis is based on changes to one actuarial assumption, with all other
assumptions held constant. In practice, such circumstances rarely occur, and changes in several
assumptions may be interrelated.
In calculating the sensitivity of the employee benefits liability to key actuarial assumptions, the
same Projected Unit Credit method has been applied as used in determining the employee
benefits liability recognized in the statement of financial position.
For the nine-month periods ended September 30, 2025 and 2024, the Company has not yet
calculated post-employment benefits expense. The Company will compute such post-
employment benefits expense at year-end, to be determined by an independent actuary.
32. RELATED PARTIES
Nature of Relationship:
a. PT Monas Permata Persada, Fujikura Ltd, and Fujikura Asia Limited are shareholders
of the Company.
b. The Company’s majority shareholder is also a shareholder of PT Multi Tembaga
Utama, PT Aluminametal Utama, and PT Sinarmonas Industries.
c. Companies whose management are family members of the Company’s management
include CV Sarihon Elektrik and PT Ryu Ei Kogyo.
d. The Company leases office premises located at Mega Glodok Kemayoran, owned by
PT Monas Permata Persada. Lease expenses for 2025 and 2024 amounted to Rp
652,529 thousand.
e. PT Solusi Energi Terbarukan and Koperasi Karyawan are related parties with common
management.
Balance of receivables and payables to related parties:
2025 2024
(Rp’000) (Rp’000)
Trade receivables
PT Sinarmonas Industries 350,287,637 294,242,690
55
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
PT Monaspermata Persada 63,310,710 56,674,080
PT Trans Indonesia Superkoridor 1,189,032 1,189,032
Total 414,787,379 352,105,802
Based on a review of the financial condition of related parties, the management of the
Company and its subsidiaries believes that all receivables are collectible, so that no
provision for impairment of trade receivables is made for receivables from these parties
2025 2024
(Rp’000) (Rp’000)
Trade payables
PT Aluminametal Utama 72,509,923 34,448,890
PT Sinarmonas Industries 39,716,398 53,524,378
PT Ryu Ei Kogyo 7,449,404 8,213,925
PT Monas Permata Persada 3,760,006 3,628,058
Total 123,435,731.0 99,815,251
Related Party Transactions:
In the course of its business activities, the Company engages in certain transactions with related
parties, which include, among others:
a. 31.4% and 39.8% of total sales for the nine-month periods ended September 30, 2025
and 2024, respectively, represent sales to related parties. According to management,
these transactions were conducted at normal prices and terms, comparable to those
applied to transactions with third parties. As of the balance sheet dates, trade receivables
arising from such sales were recorded as part of trade accounts receivable, representing
21.1% and 17.9% of total current assets as of September 30, 2025 and 2024,
respectively.
b. 18.0% and 21.0% of total purchases for the nine-month periods ended September 30,
2025 and 2024, respectively, represent purchases from related parties. According to
management, these transactions were conducted at normal prices and terms,
comparable to those applied to transactions with third parties.As of the balance sheet
dates, payables arising from such purchases were recorded as part of trade accounts
payable, representing 8.0% and 6.0% of total current liabilities as of September 30,
2025 and 2024, respectively.
33. BUSINESS SEGMENT INFORMATION
30 Sep 2025
Power cable Telephone
30 Sep 2024 cable Other Total
Kabel Kabel
Rp'000 % Rp'000 % Rp'000 % Rp'000 %
Listrik Telepon Lain-lain Jumlah
Rp'000 % Rp'000 % Rp'000 % Rp'000 %
56
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Net sales 2,811,869 94 112,429 4 67,926 2 2,992,224 100
Cost
Netofsales
goods sold 2,562,9492,203,037103,900
92 131,786 64,946
5 66,561 3 2,731,795
2,401,384 100
Costprofit
Gross of goods sold 248,9202,021,468 8,529 107,219 2,980 62,276 2,190,963
260,429 8.7
Gross profit 181,569 24,567 4,285 210,421 9
Unallocated operating expenses 103,484
Income
Unallocated
from operation
operating expenses 156,945
141,289
5.2
Unallocated
Income from
operating
operation
other expenses (39,847)
69,132 3
Income
Unallocated
before operating
tax other expenses 117,098
(11,600)
3.9
Income
Income
taxbefore tax (25,871)
57,532 2
Frofit
Income
for the
taxyears 91,227
(12,228)
Frofit for the years 45,304
Other comprehensive income -
Total
Other
comprehensive
comprehensive
income
income
the year 91,227 -
Total comprehensive income the year 45,304
34. MONETARY ASSETS AND LIABILITIES IN FOREIGN CURRENCY
As of September 30, 2025 and December 31, 2024, the Company and its subsidiaries had
monetary assets and liabilities in foreign currencies as follows:
30 Sep 2025 31 Dec 2024
Mata Uang Ekuivalen Mata Uang Ekuivalen
Asing (Rp'000) Asing (Rp'000)
Aset
Cash and US$ 11,161 186,163 16,661 269,282
cash equivalents SG$ 15,139 195,805 15,171 180,822
EUR 14,777 289,030 14,812 249,605
GBP - - - -
INR - - - -
AUD - - - -
CNY 73,680 172,667 1,072,291 2,374,053
Trade receivables :
- Related parties US$ - - - -
- Third parties US$ 60,387 1,007,249 197,478 3,191,647
EUR - - - -
- security deposit USD - - - -
EUR - - - -
Jumlah aset 1,850,914 6,265,409
Liabilities
Bank Loans US$ 1,842,540 30,733,566 2,327,100 37,610,598
Trade payables :
- Related parties SG$ - - - -
US$ - - - -
57
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
- Third Parties US$ 970,171 16,182,450 667,300 10,784,900
EUR - - - -
CNY 44,392,114 104,031,143 - -
SGD - - - -
Other Payables US$ - - 98,812 1,597,001
CNY - - 6,002,405 13,289,325
Total Liabilities 150,947,159 63,281,824
Total net liabilities (149,096,245) (57,016,415)
As of September 30, 2025 and December 31, 2024, the conversion rates used by the
Company and its subsidiaries are as follows:
30 Sep 2025 31 Dec 2024
Mata Uang
1 EUR 19,560 16,851
1 USD 16,680 16,162
1 SGD 12,934 11,919
1 GBP 22,428 20,333
1 AUD 10,082
1 CNY 2,343 2,214
In the future, exchange rates may still fluctuate, and the Rupiah may depreciate or appreciate
significantly against other currencies.
35.COMMITMENTS AND CONTINGENCIES
Bank Guarantee
In connection with its sales contracts, the Company has provided bank guarantees as
performance bonds issued by PT Bank Mandiri (Persero) Tbk for the benefit of its customers,
primarily PT Perusahaan Listrik Negara (Persero), as well as for tender and export purposes.
As of September 30, 2025, all bank guarantees have been settled (2024: Rp 3,258,643).
36. RISK MANAGEMENT
The Group is exposed to credit risk, foreign currency risk, and liquidity risk arising in the
normal course of business. Management continuously monitors the Company’s risk
management processes to ensure an appropriate balance between risk and control is maintained.
The Company’s risk management policies and systems are reviewed periodically to reflect
changes in market conditions and the Company’s activities.
58
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
a. Credit Risk
Credit risk is the risk of financial loss to the Company if a counterparty fails to meet its
contractual obligations.
For trade and other receivables, the Group’s policy is to transact only with parties that are
creditworthy and, when necessary, to obtain sufficient advance payments to mitigate credit
exposure. In addition, receivables are continuously monitored on an ongoing basis.
Cash and cash equivalents are placed only with reputable and licensed financial institutions.
b. Foreign Currency Risk
The maximum exposure to credit risk is represented by the carrying amounts of financial
assets in the statement of financial position.
Foreign currency risk refers to the risk that the fair value or future cash flows of a financial
instrument will fluctuate due to changes in foreign exchange rates. Such risk arises when
transactions are denominated in foreign currencies.
The Company does not currently have a formal hedging policy against foreign currency risk.
However, management monitors foreign exchange exposure and will consider hedging
significant exposures if deemed necessary.
c. Liquidity Risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting financial
obligations due to insufficient funds.
The Company manages its liquidity by closely monitoring the maturity profiles of its
financial liabilities and cash outflows related to day-to-day operations, while also ensuring
the availability of adequate credit facilities, both committed and uncommitted.
The following table presents a summary of the maturity profile of financial assets and
liabilities of the Company based on undiscounted contractual payments as of September 30,
2025 and December 31, 2024.
2025 30 September 2025
More than one year
Less than one year Total
Assets
Cash and equivalents 149,085,937 - 149,085,937
Trade receivables 1,191,920,108 - 1,191,920,108
Other receivables 9,501,751 - 9,501,751
Other non-current assets 731,251 - 731,251
Total assets 1,351,239,047 - 1,351,239,047
59
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PT JEMBO CABLE COMPANY Tbk. DAN ENTITAS ANAKNYA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT
FOR THE NINE MONTH PERIOD ENDED ON
30 SEPTEMBER 2025
Liabilities
Bank loans 1,016,653,847 42,817,733 1,059,471,580
Trade payables 522,228,196 - 522,228,196
Other payables 12,218,017 - 12,218,017
Accrued expenses 3,047,258 - 3,047,258
Finance lease payable 739,440 2,773,959 3,513,399
Total liabilities 1,554,886,758 45,591,692 1,600,478,450
Total liabilities net 203,647,711 45,591,692 249,239,403
2024 31 December 2024
More than one year
Less than one year Total
Assets
Cash and equivalents 152,459,072 - 152,459,072
Trade receivables 1,118,472,943 - 1,118,472,943
Other receivables 4,834,771 - 4,834,771
Other non-current assets 731,251 - 731,251
Total assets 1,276,498,037 - 1,276,498,037
Liabilities
Bank loans 1,125,888,284 17,028,440 1,142,916,724
Trade payables 397,908,725 - 397,908,725
Other payables 25,291,302 - 25,291,302
Accrued expenses 10,410,395 - 10,410,395
Finance lease payable 3,537,881 2,509,748 6,047,629
Total liabilities 1,563,036,587 19,538,188 1,582,574,775
Total liabilities net 286,538,550 19,538,188 306,076,738
-----------------
60
Names mentioned 56 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bapepam-LK
p.2 ×4
unresolved
person
Lody Herlianto
· Notaris
p.8
unresolved
org
Minister of Justice
p.8
unresolved
person
Pratiwi Handayani
· Notaris
p.8
unresolved
org
Minister of Law and Human Rights
p.8
unresolved
org
PT Monaspermata Persada. Based
p.8
unresolved
person
Satria Amiputra A
· Notaris
p.8
unresolved
person
Akt
p.8 ×2
unresolved
person
Ignatius Nugraha Widiyanta
p.8
unresolved
org
PT Jembo Energindo
p.9 ×6
unresolved
org
PT Jembo Cable
p.9
unresolved
org
PT JCC
p.9
unresolved
org
PT Jembo Energindo. Disclosure
p.9
unresolved
org
Financial Services Authority
p.9 ×3
unresolved
person
Eira Aurelia Hollanda
p.10
unresolved
org
PT Jembo Energindo Meeting
p.10
unresolved
org
Indonesia Stock Exchange
p.10 ×3
unresolved
org
PT Estika Jasatama
p.33 ×3
unresolved
org
Bank Madiri Obyek
p.40
unresolved
org
Bank BCA
p.40
unresolved
org
PT Sinarmonas Industries
p.46 ×5
unresolved
org
PT PLN Persero
p.46
unresolved
org
PT Indah Kiat Pulp
p.46
unresolved
org
Paper Tbk
p.46
unresolved
org
PT Karya Sumiden Indonesia
p.47
unresolved
org
PT Jembo Energindo's
p.49
unresolved
org
Directorate General of Taxes
p.54
unresolved
person
Satria Amputra A
p.54
unresolved
org
Yusi & Rekan
p.55
unresolved
org
PT Monas Permata Persada
p.57 ×2
unresolved
org
PT Multi Tembaga Utama
p.57
unresolved
org
PT Aluminametal Utama
p.57 ×2
unresolved
org
PT Ryu Ei Kogyo.
p.57 ×2
unresolved
org
PT Monas Permata Persada. Lease
p.57
unresolved
org
PT Trans Indonesia Superkoridor
p.58
unresolved
org
Bank Guarantee In
p.60
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