20251007_RISE_Tanggapan atas Permintaan Penjelasan Bursa_31965544_lamp1.pdf

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TANRISE

PROPERTY

Cc. Latar belakang Perseroan tidak
membukukan penyisihan penurunan nilai
piutang usaha pada 30 Juni 2025,
sedangkan saldo piutang usaha Perseroan
yang telah jatuh tempo lebih dari 90 hari
mengalami peningkatan.

Tanggapan :
Latar belakang Perseroan tidak membukukan
penyisihan penurunan nilai piutang usaha pada
tanggal 30 Juni 2025 dikarenakan Perseroan
berkeyakinan piutang usaha tersebut dapat
tertagih berdasarkan riwayat ketertagihan
piutang usaha tersebut sebelumnya.

Sehubungan dengan piutang lain-lain dari

Perseroan, agar disampaikan:

a. Latar belakang peningkatan dan natur atas
piutang lain-lain pada periode 30 Juni
2025

Tanggapan:

Latar belakang peningkatan dan natur atas
piutang lain-lain pada periode 30 Juni 2025
disebabkan karena adanya kesalahan
pengklasifikasian sekitar Rp 4,2miliar yang
dicatat sebagai piutang lain-lain - lain-lain
yang seharusnya dicatat sebagai piutang usaha
— hotel. Perseroan akan menyesuaikan dalam
laporan keuangan selanjutnya.

b. Rincian pihak lain-lain pada piutang lain-
lain pada periode 30 Juni 2025.

Tanggapan :

Rincian pihak lain-lain pada piutang lain-lain
pada periode 30 Juni 2025 sebagian besar
merupakan saldo piutang usaha - hotel
sebesar Rp 4,2miliar dimana Perseroan salah
mengklasifikasikan ke piutang lain-lain - lain-
lain. Perseroan akan menyesuaikan dalam
laporan keuangan selanjutnya.

c. Background of the Company not recording
an allowance for impairment of trade
receivables as of June 30, 2025, despite the
increase in the balance of trade receivables
that have been overdue for more than 90
days.

Response:

The Company did not record an allowance for
impairment of trade receivables as of June 30,
2025, because the Company believes that the
receivables are collectible based on the
historical collectability of those receivables.

With regard to the Companys other
receivables, please provide the following
information:

a. Background and nature of the increase in
other receivables during the period ended
June 30, 2025.

Response:

The background and nature of the increase in

other receivables during the period ended June

30, 2025, were due to a misclassification of

approximately Rp 4.2 billion, which was

recorded as other receivables - others, instead

Of trade receivables - hotel. The Company will

make the necessary adjustments in the

subseguent financial statements.

b. Details of other parties included in other
receivables during the period ended June
30, 2025.
Response:
The details of other parties included in other
receivables during the period ended June 30,
2025, mainly consistof trade receivables - hotel
amounting to approximately Rp 4.2 billion,
which the Company misclassified as other
receivables - others. The Company will make
the necessary adjustments in the subseguent
financial statements.

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TANRISE

3. Sehubungan dengan Persediaan Perseroan,

agar disampaikan:
a. Metode perhitungan nilai Persediaan
tanah dan bangunan untuk real estat.

Tanggapan :

Metode perhitungan nilai persediaan tanah
dan bangunan untuk real estat adalah metode
biaya perolehan atau nilai realisasi bersih,
mana yang lebih rendah

b. Rencana pengembangan 3 tahun atas
tanah yang belum dikembangkan.

Tanggapan :

Rencana pengembangan 3 tahun atas tanah
yang belum dikembangkan yaitu Manajemen
akan melakukan pengembangan dengan
pembangunan rumah tinggal dan kawasan
industri baru seperti Tanrise City Bandung,
Tanrise City Sidoarjo dan Kawasan Industri
Strategis Banjar Baru

Sehubungan dengan Uang Muka Perseroan,

agar disampaikan

a. Latar belakang peningkatan uang muka
dana biaya dibayar di muka pada periode
30 Juni 2025

Tanggapan :

Latar belakang peningkatan uang muka dan

biaya dibayar di muka pada periode 30 Juni

2025 disebabkan karena kenaikan uang muka

pembelian atas peralatan dan perlengkapan

hotel serta uang muka proyek.

b. Rincian pihak lain-lain pada piutang lain-
lain periode 30 Juni 2025.

Tanggapan :

Rincian pihak lain-lain pada uang muka dan
biaya dibayar di muka periode 30 Juni 2025
sebagai berikut :

Pajak, THR-Karyawan 5 Rp 4.141.104.560
CV Cipta Teknik Perkasa - Rp 1.119.293.875
CV Indo Bangun Makmur - Rp 1.534.285.300

P&T Royalware Rp1.121.268.202
PT Magna Prima Teknologi- Rp 551.264.488
Lain-lain - Rp 796.727.611

Total 5 Rp 9.263.944.036

3. With regard to the Company's inventories,

please provide the following information:
a. The valuation method used for land and
building inventories for real estate.

Response:

The valuation method for land and building
inventories for real estate is the cost method or
net realizable value, whichever is lower.

b. Three-year development plan for
undeveloped land.

Response:

The three-year development plan for
undeveloped land includes development
projects involving the construction of
residential areas and new industrial zones, such
as Tanrise City Bandung, Tanrise City Sidoarjo,
and the Strategic Industrial Area in
Banjarbaru.

With regard to the Company's advances, please

provide the following information:

a. Background of the increase in advances
and prepaid expenses during the period
ended June 30, 2025.

Response:

The increase in advances and prepaid expenses

during the period ended June 30, 2025, was due

to higher advance payments for the purchase of
hotel eguipment and supplies, as well as project
advances.

b, Details of other parties included in other
receivables during the period ended June
30, 2025.

Response:
The details of other parties included in
advances and prepaid expenses for the period

ended June 30, 2025, are as follows

Tax, Employee THR - Rp 4141.104.560
CV Cipta Teknik Perkasa - Rp 1.119.293.875
CV Indo Bangun Makmur - Rp 1.534.285.300

P&T Royalware p 1.121.268.202
PT Magna Prima Teknologi- Rp 551.264.488
Others z Rp 796.727.611
Total 5 Rp 9.263.944.036

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TANRISE

PROPERTY

C.  Linimasa (timeline) atas rencana realisasi
uang muka Perseroan.

Tanggapan :

Timeline atas rencana realisasi uang muka

Perseroan adalah sekitar Maret 2026.

Sehubungan dengan Investasi Saham
Perseroan, agar disampaikan:

a. Latar belakang dan tujuan dari investasi.

Tanggapan :

Latar belakang dan tujuan dari investasi saham
Perseroan yaitu Perseroan berusaha untuk
meningkatkan keuntungan Perseroan dengan
melakukan investasi saham.

b. Metode perhitungan nilai wajar dari
investasi

Tanggapan :

Metode perhitungan nilai wajar dari investasi

yaitu berdasarkan nilai pasar perdagangan

pada hari terakhir pada masing-masing tahun.

Penetapan harga wajar berdasarkan nilai pasar

merupakan pertimbangan terbaik manajemen.

C. Dasar pembagian investasi jangka pendek
dan jangka panjang.

Tanggapan :

Investasi jangka pendek merupakan investasi

saham pada Perusahaan yang diperdagangkan

di Bursa Efek Indonesia dan diperdagangkan

dalam waktu kurang dari satu tahun. Investasi

jangka panjang merupakan investasi saham

pada Perusahaan yang tidak diperdagangkan

dalam waktu kurang dari satu tahun.

Sehubungan dengan Investasi pada Entitas
Asosiasi, agar disampaikan:

a. Latar belakang tidak terdapatnya akun
investasi pada entitas asosiasi pada 30
Juni 2024 dan 31 Desember 2023.

Tanggapan :

Latar belakang tidak terdapatnya akun

investasi pada entitas asosiasi pada 30 Juni

2024 dan 31 Desember 2023 dikarenakan

pada tanggal-tanggal tersebut Perseroan

masih menggabungkan akun investasi saham
dan investasi pada entitas asosiasi pada akun

Investasi saham pada laporan posisi keuangan

Perseroan dan di Catatan atas Laporan

keuangan telah disajikan terpisah.

C. Timeline for the realization plan of the
Company's advances

Response:

The timeline for the realization plan of the

Company's advances is around March 2026,

With regard to the Company's eguity
investments, please provide the following
information:
a. Background and purpose of the
investment.
Response:
The background and purpose of the Company's
eguity investment are that the Company aims
to increase its profitability through share
investments.

b. The method of fair value measurement for
the investment.

Response:

The method of fair value measurement for the

investment is based on the market trading

value on the last day of each year. The fair value

is determined based on the market price.

c. Basis for the classification of investments
into short-term and long-term.

Response:

Short-term 'investments refer to eguity
investments in companies listed on the
Indonesia Stock Exchange that are traded
within a period of less than one year. Long-term
investments refer to eguity investments in
companies that are not traded within a period
of less than one year.

With regard to the Company's investment in
associates, please provide the following
information:

a. Backgroundoftheabsenceofinvestmentin

associates as of June 30, 2024, and
December 31, 2023

Response:

The absence of an investment in associates
account as of June 30, 2024, and December 31,
2023, was due to the Company combining its
eguity investment account and investment in
associates account under the eguity investment
account in the Companys statement of
financial position for those dates, while the
Notes to the Financial Statements presented
them separately.

b. Latar belakang peningkatan investasi
pada entitas asosiasi pada periode 30 Juni
2025.

Tanggapan:

Latar belakang peningkatan investasi pada

entitas asosiasi pada periode 30 Juni 2025

disebabkan karena Entitas Asosiasi Perseroan

mendapatkan laba, sehingga Perseroan
mencatat bagian atas laba tersebut sebagai
peningkatan investasi pada Entitas Asosiasi

Perseroan.

7. Latar belakang tidak terdapatnya akun tanah
yang belum dikembangkan pada 30 Juni 2024
dan 31 Desember 2023.

Tanggapan :

Latar belakang tidak terdapatnya akun tanah
yang belum dikembangkan pada 30 Juni 2024
dan 31 Desember 2023 disebabkan karena
pada tanggal-tanggal tersebut untuk tanah dan
bangunan yang siap dijual, tanah yang sedang
dikembangkan, bangunan dalam penyelesaian
dan tanah yang belum dikembangkan dan
bangunan dalam penyelesaian jangka panjang
diklasifikasikan menjadi persediaan - aset real
estat dan di Catatan atas Laporan keuangan
telah disajikan terpisah.

8. Informasi aset tetap yang sedang dalam masa
tidak produktif atau tidak terpakai.
Tanggapan:

Tidak terdapat aset tetap yang sedang dalam
masa tidak produktif atau tidak terpakai.

9. Natur dari aset tidak lancar lainnya dan dasar
pencatatan yang dilakukan pada aset lancar
lainnya.

Tanggapan :

Nature dan dasar pencatatan aset tidak lancar
lainnya — yaitu dana yang dibatasi
penggunaannya, uang muka kontraktor dan
uang muka pembelian aset tetap dimana
manfaat ekonominya diharapkan akan
diperoleh oleh Perseroan dalam periode waktu
lebih dari satu tahun atau satu siklus operasi
normal.

10. Sehubungan dengan peningkatan utang bank,
agar disampaikan:

a. Latar belakang peningkatan pada utang
bank pada periode 30 Juni 2025.

Tanggapan :

10.

b. Background of the increase in investment in
associates during the period ended June 30,
2025,

Response:

The increase in investment in associates during

the period ended June 30, 2025, was due to the

Company's associates earning profits, resulting

in the Company recording its share of those

profits as an increase in its investment in the
associates.

Background of the absence of undeveloped land
accounts as of June 30, 2024, and December 31,
2023

Response:

The absence ofan undeveloped land account as
of June 30, 2024, and December 31, 2023, was
due to the classification, at those dates, of land
and buildings ready for sale, land under
development buildings under construction, and
undeveloped land and long-term buildings
under construction as inventories - real estate
assets, while the Notes to the Financial
Statements presented them separately.

Information on fixed assets that are currently
non-productive or unused.

Response:

There are no fixed assets that are currently
non-productive or unused.

The nature of other non-current assets and the
basis of recognition applied to other current
assets.

Response:

The nature and basis of recognition of other
non-current assets consist of restricted funds,
contractor advances, and advance payments
for fixed asset purchases, where the economic
benefits are expected to be realized by the
Company over a period of more than one year
or one normal operating cycle.

With regard to the increase in bank loans,
please provide the following information:

a. Background of the increase in bank loans
during the period ended June 30, 2025.

Response:

»

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TANRISE

11.

PROPERTY

Latar belakang peningkatan pada utang bank
pada periode 30 Juni 2025 disebabkan karena
Perseroan membutuhkan modal kerja untuk
menunjang kegiatan operasional Perseroan.

b. Tujuan penggunaan utang bank

Tanggapan :

Tujuan penggunaan utang bank adalah untuk
memenuhi kebutuhan modal kerja dan
investasi Perseroan

C. Pembatasan keuangan yang diterapkan
atas utang bank Perseroan.

Tanggapan:
Pembatan rasio keuangan yang diterapkan

atas utang bank Perseroan terbatas pada
Entitas Anak Perseroan yaitu PT Tanrise
Indonesia dimana PT Tanrise Indonesia wajib
menjaga rasio keuangan tertentu seperti
Current Ratio minimum 1x, Debt to Eguity
Ratio maksimal 2,5x dan Debt Service
Coverage minimal 100Y6.

d. Informasi pencapaian atas utang bank
Perseroan.

Tanggapan :

Perseroan berhasil meningkatkan nilai aset
real estat Perseroan seperti tanah yang sedang
dikembangkan, bangunan dalam penyelesaian
dan tanah yang belum dikembangkan
Perseroan.

Latar belakang peningkatan uang muka
penjualan pada periode 30 Juni 2025.

Tanggapan :
Uang muka penjualan Perseroan pada periode
30 Juni 2025 mengalami penurunan

dibandingkan dengan tanggal 31 Desember

2024 yang disebabkan karena adanya realisasi
penjualan atas apartemen dan perkantoran
Perseroan.

11.

The increase in bank loans during the period
ended June 30, 2025, was due to the Company's
need for working capital to support its
operational activities.

b. Purpose of the bank loans.

Response:

The purpose of the bank loans is to meet the
Company's working capital and investment
needs.

c. Financial covenants applied to the
Company's bank loans.
Response:

The financial covenants applied to the
Company's bank loans are limited to the
Company's subsidiary, PT Tanrise Indonesia,
where PT Tanrise Indonesia is reguired to
maintain certain financial ratios, such as a
minimum Current Ratio of 1x, a maximum Debt
to Eguity Ratio of 2.5x, and a minimum Debt
Service Coverage of 10046.

d. Information on the performance of the
Company's bank loans

Response:

The Company has successfully increased the

value of its real estate assets, including land

under development, — buildings — under

construction, and undeveloped land.

Background of the increase in sales advances
during the period ended June 30, 2025..

Response:

The Company's sales advances as of June 30,
2025, decreased compared to December 31,
2024, due to the realization of sales of the
Company apartments and office units.are no
fixed assets that are currently non-productive
orunused.

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TANRISE

12.

13.

14.

PROPERTY

Latar belakang peningkatan biaya yang masih
harus dibayar pada periode 30 Juni 2025.

Tanggapan:

Latar belakang peningkatan biaya yang masih
harus dibayar pada periode 30 Juni 2025
disebabkan karena Perseroan membayarkan
gaji dan tunjangan periode Juni 2025 di tanggal
1 Juli 2025

Informasi umur utang usaha Perseroan pada
periode 30 Juni 2025.

Tanggapan :

1-3O0hari -Rp 4.641.904.791
31-60hari - Rp 3.538.997.994
61-90Ohari - Rp 1.516.713.426
290 hari - Rp 3.537.157.535

Latar belakang penurunan pendapatan real
estat pada periode 31 Desember 2024.

Tanggapan :

Pendapatan real estat Perseroan pada periode
31 Desember 2024 terdiri dari penjualan
apartemen, gudang dan rumah toko dan
rumah, dimana pada periode 31 Desember
2024 mengalami peningkatan apabila
dibandingkan dengan pendapatan real estat
Perseroan pada periode 31 Desember 2023.

Demikian surat ini kami sampaikan, atas perhatian
dan kerjasamanya kami ucapkan terima kasih.

Hormat kami, Sincerely yours,

Mnet ecretary

12.

13,

14

Background of the increase in accrued expenses
during the period ended June 30, 2025

Response:

The increase in accrued expenses during the
period ended June 30, 2025, was due to the
Company paying salaries and allowances for
June 2025 on July 1, 2025.

Information on the aging of the Company's
trade payables as of June 30, 2025

Response:

1-30days -Rp 4.641.904.791
31-60 days - Rp 3.538.997.994
61-90days - Rp 1.516.713.426
»90days — - Rp 3.537.157.535

Background of the decrease in real estate
revenue during the period ended December 31,
2024.

Response:

The Company's real estate revenue for the
period ended December 31, 2024, consisted of
sales of apartments, warehouses, shop houses,
and houses, which showed an increase
compared to the Company's real estate revenue
for the period ended December 31, 2023.

Thus we convey this letter, we thank you for your
attention and cooperation.