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            24
   Integrated Report
  Laporan Terintegrasi




 Advancing Operational Agility and
Transformation for a Future-Ready,
      Customer-Centric MRO




                         PT Garuda Maintenance Facility Aero Asia Tbk
Page 2
    ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
2   FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO
                                                       Integrated Report 2024
Page 3
    Advancing Operational Agility and
    Transformation for a Future-Ready,
    Customer-Centric MRO
    Pada tahun 2024, PT Garuda Maintenance Facility Aero               In 2024, PT Garuda Maintenance Facility Aero Asia Tbk (GMF)
    Asia Tbk (GMF) memasuki fase transformasi penting dalam            embarked on a pivotal phase of transformation to respond
    menghadapi era industri aviasi yang terus berkembang. Seiring      to a rapidly evolving aviation landscape. With the industry
    dengan bangkitnya industri dari bayang-bayang disrupsi global      emerging from the shadows of global disruption and entering
    dan memasuki era pemulihan, inovasi, serta meningkatnya            an era marked by recovery, innovation, and rising customer
    ekspektasi pelanggan, GMF menegaskan kembali komitmennya           expectations, GMF reaffirmed its commitment to becoming
    untuk menjadi penyedia Maintenance, Repair, and Overhaul           a future-ready Maintenance, Repair, and Overhaul (MRO)
    (MRO) yang siap menghadapi masa depan dengan operasional           provider that is agile in operations and centered around
    yang gesit dan berfokus pada kebutuhan pelanggan.                  customer needs.

    Di tengah ketidakpastian ekonomi dan tekanan berkelanjutan         Amid economic uncertainties and ongoing supply chain
    pada rantai pasok, GMF melaksanakan transformasi menyeluruh        pressures, GMF advanced a company-wide transformation
    guna mengoptimalkan kinerja, merampingkan proses, dan              to optimize performance, streamline processes, and
    memberikan layanan kelas dunia. Inisiatif transformasi             deliver world-class service. The Company’s initiatives
    operasional (QCD & People) difokuskan untuk memperkuat             in Operational Transformation (QCD & People) were aimed
    kualitas, efisiensi biaya, dan ketepatan waktu pengiriman di       at strengthening quality, cost efficiency, and delivery precision
    seluruh lini bisnis: Airframe, Engine, Component, dan Line         across all business lines: Airframe, Engine, Component,
    Maintenance. Upaya ini didukung oleh strategi pengembangan         and Line Maintenance. These efforts were supported by
    SDM yang ditingkatkan seiring dengan pemanfaatan teknologi.        enhanced human capital strategies and technology-driven
                                                                       improvements.

    Organisasi yang gesit (agile) menjadi landasan utama strategi      Agility was the cornerstone of GMF’s operational strategies
    operasional GMF sepanjang 2024. Perseroan secara proaktif          in 2024. The Company proactively addressed spare parts
    mengatasi tantangan pengadaan suku cadang, mengoptimalkan          procurement challenges, optimized maintenance planning, and
    perencanaan perawatan, dan menghadapi tingginya biaya              navigated high aviation costs linked to exchange rate volatility
    penerbangan yang dipengaruhi oleh volatilitas nilai tukar          and global logistics constraints. Through debt restructuring,
    dan hambatan logistik global. Melalui restrukturisasi utang,       cash flow optimization, and equity improvements, GMF
    optimalisasi arus kas, dan perbaikan ekuitas, GMF memastikan       ensured operational resilience while maintaining a customer-
    ketahanan operasional sambil tetap mengedepankan                   first approach.
    pendekatan yang berpusat pada pelanggan.

    Di inti transformasi ini adalah prinsip yang berfokus pada         At the heart of this transformation lies customer-centricity.
    pelanggan (customer-centricity). GMF berhasil memperluas           GMF expanded its client base beyond Garuda Group (GA),
    basis pelanggannya di luar Garuda Group (GA), dengan mencatat      capturing significant growth from non-affiliate (NGA) markets
    pertumbuhan signifikan dari pasar non-afiliasi (NGA) yang          of international carriers. The focus on customer retention
    berasal dari maskapai internasional. Fokus pada strategi retensi   and win-back strategies, coupled with customized service
    dan win-back pelanggan, disertai dengan penawaran layanan          offerings, reaffirmed GMF’s role as a trusted MRO partner
    yang disesuaikan, semakin menegaskan posisi GMF sebagai            in both domestic and global markets.
    mitra MRO terpercaya di pasar domestik maupun global.

    Ke depan, GMF terus mengokohkan posisinya sebagai penyedia         Looking ahead, GMF is solidifying its position as Indonesia’s
    MRO terkemuka di Indonesia sekaligus pemain yang semakin           foremost MRO and a rising contender in the Asia-Pacific
    diperhitungkan di pasar Asia Pasifik, di mana permintaan           market, where MRO demand is projected to grow steadily.
    terhadap layanan MRO diperkirakan akan terus meningkat.            With strategic investments in core capabilities, digital
    Dengan investasi strategis pada kapabilitas inti, infrastruktur    infrastructure, and service diversification, including
    digital, dan diversifikasi layanan, termasuk pada segmen           Government and Power Services segments, GMF is poised
    Government dan Power Services, GMF siap memimpin era               to lead the charge in a new era of aviation maintenance.
    baru dalam pemeliharaan pesawat udara.


                                                                                                                                           3
                                                                                                        PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                 Facility AeroAsia Tbk
Page 4
    Perjalanan Panjang Menjaga
    Keberlangsungan Usaha Dari Tantangan
    Pandemi
    A Long Journey In Maintaining Business Continuity Amid the
    Challenges of the Pandemic


    Setiap tema tahunan dari Laporan Terintegrasi GMF             Each annual theme of GMF's Integrated Report reflects
    menunjukkan perjalanan selama tahun buku yang dipenuhi        the journey throughout the fiscal year, filled with efforts to
    dengan upaya mengatasi tantangan dan mencapai kinerja         overcome challenges and achieve the best performance. The
    terbaik. Tema Laporan Terintegrasi menjadi spesial terutama   Integrated Report theme has been particularly special in recent
    dalam beberapa tahun terakhir yang menunjukkan GMF            years, highlighting GMF's ability to endure the pandemic and
    mampu bertahan di tengah situasi pandemi dan meraih peluang   seize growth opportunities as the aviation industry recovers.
    pertumbuhan saat industri penerbangan kembali tumbuh.         Below is the continuity of GMF's Integrated Report themes from
    Berikut merupakan kesinambungan tema Laporan Terintegrasi     2020 to 2023, showcasing GMF's long journey in maintaining
    GMF sejak tahun 2020 hingga tahun 2023 yang menunjukkan       business sustainability amid the challenges of the pandemic
    perjalanan panjang GMF untuk menjaga keberlangsungan usaha    and capturing growth opportunities.
    dari tantangan pandemi dan meraih peluang pertumbuhan.




      ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
4     FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO
                                                                                                            Integrated Report 2024
Page 5
                                                                                                                    Kesinambungan Tema
                                                                                                                                       Theme Continuity


        Laporan Terintegras i
        Integrated Report       2023




        Navigating ProfitabilityThrough
        Operational Advancements
                                                                                                      2023
                                                                                                      Navigating Profitability Through Operational
        for Sustainable Growth
        untuk Pertumbuhan yang Berkelanjutan
                                                                                                      Advancements for Sustainable Growth
                                               PT G arud a Main te nanc e Fa cili ty Aer o Asia Tbk
                                                                                                      Menavigasi Profitabilitas Melalui Kemajuan
                                                                                                      Operasional Untuk Pertumbuhan Yang Berkelanjutan



    Sepanjang tahun, Perseroan melakukan langkah-langkah strategis memanfaatkan kemajuan operasional untuk mencapai
    profitabilitas sekaligus memastikan pertumbuhan berkelanjutan di tengah pemulihan industri penerbangan yang melaju kencang
    setelah pandemi mereda.

    Dengan memprioritaskan keunggulan operasional dan stabilitas keuangan, Perseroan berhasil memperluas jangkauannya di
    luar captive market, mendiversifikasi basis pelanggan, dan merambah ke sektor-sektor selain aviasi. Diversifikasi strategis ini
    memungkinkan Perseroan memanfaatkan peluang pendapatan baru, memastikan kelangsungan bisnis bahkan di tengah tantangan
    seperti kelangkaan suku cadang atau ketegangan geopolitik.

    Throughout the year, the Company strategically leveraged operational advancements to achieve profitability while ensuring
    sustainable growth in the aviation industry’s pace of recovery following the pandemic’s subsiding.

    By prioritizing operational excellence and financial stability, the Company successfully expanded its capabilities beyond its
    captive market, diversifying its customer base and venturing into sectors beyond aviation. This strategic diversification enabled
    the Company to capitalize on new revenue opportunities, ensuring business continuity even amid challenges like parts scarcity
    or geopolitical tensions.




                                                                                                                                                                      5
                                                                                                                                            PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                                     Facility AeroAsia Tbk
Page 6
                                                     2022
                                                     Restrukturisasi Finansial dan Operasional Sebagai
                                                     Upaya Pemulihan Berkelanjutan di Era Yang Baru
                                                     Financial and Operational Restructuring for
                                                     Sustainable Recovery In the New Era


    Pencapaian laba bersih didorong oleh kinerja pendapatan yang meningkat seiring dengan pemulihan industri airline secara
    keseluruhan, terutama dari Grup Afiliasi Garuda. Tentunya Perseroan juga terus mengembangkan bisnis untuk berekspansi
    menjangkau bisnis lain yang dapat bertahan dari pandemi. Salah satu milestone penting adalah ketika Perseroan dipercaya oleh
    Kementerian Pertahanan untuk melakukan Modernisasi C130H. Seiring dengan hal tersebut, Perseroan juga dipercaya Lockheed
    Martin untuk merawat pesawat Hercules di Indonesia sehingga meningkatkan penetrasi pasar GMF di industri pertahanan nasional.

    Strategi penetrasi pasar, memperluas jangkauan untuk meraih pasar baru yang lebih menguntungkan, juga diiringi oleh upaya
    restrukturisasi. Tidak bisa dipungkiri bahwa GMF masih belum mencapai tingkat kesehatan keuangan dan operasional seperti
    sebelum pandemi. Dalam upayanya untuk memulihkan diri saat situasi kembali positif maka upaya restrukturisasi menjadi penting
    untuk memberikan ruang gerak yang cukup bagi Perseroan menumbuhkan usaha.

    This net profit was driven by our revenue after it went up following the recovery of the airline industry as a whole, especially from
    the Affiliated Group of Garuda. In addition, the Company kept improving its business, expanding to reach other segment that can
    withstand the pandemic. An important milestone was when the Company was trusted by the Ministry of Defense to carry out
    the C130H Modernization. Along with this, the Company is also entrusted by Lockheed Martin to maintain Hercules aircraft in
    Indonesia and therefore increasing GMF’s market penetration in the national defense industry.

    The market penetration, coupled with expansion to reach the new, more profitable markets, were also accompanied by restructuring
    efforts. It is a fact that GMF has not yet reached its pre-pandemic soundness level in terms of finance and operation. In its efforts
    to recover when the situation returns to positive, restructuring is important to give the Company enough space to maneuver in
    growing its business.




      ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
6     FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO
                                                                                                                    Integrated Report 2024
Page 7
                 FUNGSI PENUNJANG BISNIS   TaTa Kelola Perusahaan      Tanggung Jawab SoSial PeruSahaan                    Laporan KEUanGan
                 Business Support          Good Corporate Governance   Corporate Social Responsibility                     Financial Report         1
        Laporan Terintegrasi
       Integrated Repor t       2021




                                      Mengoptimalkan Momentum
                                      untuk Perbaikan Fundamental
                                                                                                                                                        2021
                                             dan Kestabilan
                                                                                                                                                        Mengoptimalkan Momentum untuk
                            Optimizing Momentum for Fundamental Development and Stability                                                               Perbaikan Fundamental dan Kestabilan
                                                                                PT Garuda Maintenance Facility Aero Asia Tbk
                                                                                                                                                        Optimizing Momentum for Fundamental
                                                                                                                                                        Development and Stability
             Integrated Report 2021                                                                  PT Garuda Maintenance Facility Aero Asia Tbk




    Tahun 2021 ekonomi global telah memasuki tahap perbaikan (recovery) yang diproyeksikan akan meningkat 5,9% pada tahun
    2021 dan 4,9% pada tahun 2022. Di Indonesia, Produk Domestik Bruto (PDB) tahun 2021 mencapai Rp16.970,8 triliun, dimana
    sektor transportasi & pergudangan bertumbuh 7,93% dan menyumbang 4,56% dari keselurunan nilai PDB. Secara khusus, di
    sektor angkutan udara yang dijalani GMF, terjadi pertumbuhan 19,30% (y-on-y).

    Perseroan menyadari bahwa situasi ini merupakan sebuah momentum perbaikan yang harus dioptimalkan untuk memperkuat
    fundamental bisnis dan menstabilkan usaha. Pelajaran selama mengarungi tantangan pandemi membuat GMF beradaptasi dan
    berbenah diri untuk menetapkan strategi utama yang berpusat pada tiga pilar yaitu Cash is King, Business Diversification, dan
    Global Consolidation. Dari sisi pendapatan, segmen perawatan Industrial Gas Turbine Engine dan industri pertahanan berhasil
    meningkat hingga lebih dari 100% bila dibandingkan dengan tahun sebelumnya. Perseroan juga berhasil menekan biaya-biaya
    hingga 46% dibandingkan dengan tahun sebelumnya menjadi USD305 juta pada tahun 2021 sehingga hal tersebut berdampak
    pada peningkatan profitabilitas Perseroan dibandingkan dengan tahun sebelumnya.

    In 2021, the global economy has already been recovering with projections set to increase by 5.9% in 2021 and 4.9% in 2022.
    Indonesia’s Gross Domestic Product (GDP) in 2021 reached Rp16,970.8 trillion, of which transportation & warehousing grew
    by 7.93% and contributed 4.56% of the total GDP. In particular, the air transportation which GMF engages, there was a 19.30%
    (y-on-y) growth.

    The Company is aware that this situation is a momentum that the Company needed to leverage to strengthen business fundamentals
    and stabilize the business. The lessons while facing the pandemic challenges have made GMF adapt and improved itself to establish
    the main strategy which centered on three pillars including Cash is King, Business Diversification, and Global Consolidation.
    When it comes to revenue, the two segments including the Industrial Gas Turbine Engine and defense industry have all increased
    by more than 100% compared to the prior year. The Company was focusing on the established strategy and initiative and it has
    succeeded in lowering expenses by 46% compared to USD565 million in the prior year to reach USD305 million in 2021, which
    resulted in higher profitability compared to the prior year, which has been the Company’s focus in 2021.




                                                                                                                                                                                                                         7
                                                                                                                                                                                               PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                                                                                        Facility AeroAsia Tbk
Page 8
    Tentang Laporan
    About this Report


    Laporan ini memuat Laporan Tahunan dan Laporan                    This Report describes the Annual Report and Sustainability
    Keberlanjutan (selanjutnya Laporan ini disebut juga sebagai       Report (referred to hereafter as the Integrated Report) of
    Laporan Terintegrasi) PT Garuda Maintenance Facility Aero Asia    PT Garuda Maintenance Facility Aero Asia Tbk for the 2023
    Tbk untuk periode pelaporan 2023. Perseroan menggabungkan         reporting period. Consistent with previous years, the Company
    Laporan Tahunan dan Laporan Keberlanjutan dalam 1 (satu)          consolidates the Annual Report and Sustainability Report into
    buku yang sama seperti pada tahun-tahun sebelumnya.               a single book. The disclosure of the Annual Report precedes,
    Pengungkapan Laporan Tahunan disampaikan terlebih dahulu,         with certain sections incorporating discussions from the
    namun dengan beberapa bagian yang memuat pembahasan               Sustainability Report. Following this, a separate section provides
    mengenai Laporan Keberlanjutan, sebelum kemudian                  more detailed information regarding the Sustainability Report.
    pengungkapan informasi yang lebih rinci mengenai Laporan
    Keberlanjutan disampaikan pada bagian terpisah.

    Laporan Terintegrasi ini dibuat sesuai dengan Surat Edaran        This Integrated Report was prepared in accordance with the
    Otoritas Jasa Keuangan (SEOJK) No. 16/SEOJK.04/2021               Financial Services Authority (SEOJK) Circular Letter No. 16/
    tentang Bentuk dan Isi Laporan Tahunan Emiten atau                SEOJK.04/2021 regarding the Form and Content of Annual
    Perusahaan Publik. Laporan Terintegrasi ini dapat dilihat dan     Reports of Issuers or Public Companies. The Integrated Report
    diunduh di website resmi Perseroan yaitu www.gmf-aeroasia.        is accessible for viewing and download on the Company's
    co.id. Sedangkan Laporan Keberlanjutan, selain dibuat sesuai      official website, www.gmf-aeroasia.co.id. Additionally, the
    dengan SEOJK No. 16/SEOJK.04/2021, juga mengadopsi                Sustainability Report, while also aligned with SEOJK No. 16/
    pedoman penulisan berdasarkan standar Global Reporting            SEOJK.04/2021, follows writing guidelines based on the 2021
    Index (GRI) 2021.                                                 Global Reporting Index (GRI) standards.

    Laporan Terintegrasi ini memuat pernyataan kondisi keuangan,      This Integrated Report contains financial conditions, operation
    hasil operasi, proyeksi, rencana, strategi, kebijakan, serta      results, projections, plans, strategies, policies, as well as
    tujuan Perseroan, yang digolongkan sebagai pernyataan ke          objectives of the Company, which are classified as forward-
    depan dalam pelaksanaan perundang-undangan yang berlaku,          looking statements in the implementation of the applicable
    kecuali hal-hal yang bersifat historis. Pernyataan-pernyataan     laws and regulations, excluding historical matters. Such
    tersebut memiliki prospek risiko, ketidakpastian, serta dapat     forward-looking statements are subject to prospective risks,
    mengakibatkan perkembangan aktual secara material berbeda         uncertainties, and other factors that can cause the actual results
    dari yang dilaporkan.                                             to differ materially from the expected results.

    Pernyataan-pernyataan prospektif dalam Laporan Terintegrasi       Prospective statements in this Integrated Report are prepared
    ini dibuat berdasarkan berbagai asumsi mengenai kondisi terkini   based on numerous assumptions concerning current conditions
    dan kondisi mendatang Perseroan serta lingkungan bisnis di        and future events of the Company, and the business environment
    mana Perseroan menjalankan kegiatan usaha. Perseroan tidak        where the Company conducts its business. The Company shall
    menjamin bahwa dokumen-dokumen yang telah dipastikan              have no obligation to guarantee that all the valid documents
    keabsahannya akan membawa hasil-hasil tertentu sesuai             presented will bring specific results as expected.
    harapan.

    Laporan Terintegrasi ini memuat kata “GMF” dan “Perseroan”        This Integrated Report contains the words “GMF” and
    yang didefinisikan sebagai PT Garuda Maintenance Facility         “Company” which, hereinafter, refers to PT Garuda Maintenance
    Aero Asia Tbk yang menjalankan bisnis di bidang perawatan,        Facility Aero Asia Tbk as a company that runs business in the
    reparasi, dan overhaul pesawat terbang.                           field of aircraft maintenance, repair, and overhaul.




      ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
8     FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO
                                                                                                                  Integrated Report 2024
Page 9
                                                                                                  Daftar Isi
                                                                                       Table of Contents


     Perjalanan Panjang Menjaga             Pernyataan Dewan Komisaris              Perubahan Signifikan
     Keberlangsungan Usaha Dari             Dan Direksi Tentang Tanggung            Significant Changes                 72
     Tantangan Pandemi                      Jawab Atas Laporan Terintegrasi
     A Long Journey In Maintaining     4    2024 PT Garuda Maintenance              Struktur Organisasi
                                                                                    Organization Structure              74
     Business Continuity Amid The           Facility Aero Asia Tbk
     Challenges of The Pandemic             Statement of The Board of          46
                                            Commissioners and the Board of          Profil Dewan Komisaris
                                                                                    Board of Commissioners’ Profile     76
     Kesinambungan Tema                     Directors on the Responsibility
     Theme Continuity                  5
                                            for the 2024 Integrated Report
                                                                                    Profil Direksi
                                            of PT Garuda Maintenance
                                                                                    Board of Directors’ Profile         82
     Tentang Laporan                        Facility Aero Asia Tbk
     About This Report                 8
                                                                                    Profil Pejabat Eksekutif
                                            Pernyataan Dewan Komisaris
                                                                                    Profile of Executive Officials      88
     Daftar Isi                             Dan Direksi Tentang Tanggung
     Table of Contents                 9
                                            Jawab Atas Laporan Terintegrasi         Demografi Pegawai
                                            2024 PT Garuda Maintenance              Employee Demographic                95
     Perjalanan GMF Tahun 2024
     GMF Journey In 2024               12   Facility Aero Asia Tbk
                                            Statement of the Board of          47   Informasi Pemegang Saham
                                            Commissioners and the Board of          Information On Shareholders         98
                                            Directors on the Responsibility
                                            for the 2024 Integrated Report          Daftar Entitas Anak, Entitas
                                            of PT Garuda Maintenance                Asosiasi, Joint Venture (JV),
      IKHTISAR KINERJA                      Facility Aero Asia Tbk                  Special Purpose Vehicle (SPV)
      Performance Highlight                                                         List of Subsidiaries, Associates,   104
                                                                                    Joint Venture (JV), Special
                                                                                    Purpose Vehicle (SPV)

     Ikhtisar Data Keuangan Penting
                                            PROFIL PERUSAHAAN                       Kronologi Penerbitan dan
     Key Financial Data Highlight      16   Company Profile                         Pencatatan Saham
                                                                                                                        105
                                                                                    Chronology of Share Issuance
                                                                                    and Listing
     Ikhtisar Bisnis dan Operasional
     Business and Operational          19                                           Informasi Kronologi Penerbitan
     Highlight                                                                      Dan Pencatatan Efek Lainnya
                                            Informasi Umum dan Identitas
     Ikhtisar Saham                         Perusahaan                              Chronological Information On        107
                                       20   General Information and            50   Other Securities Issuance And
     Share Highlight
                                            Corporate Identity                      Listing
     Ikhtisar Obligasi
     Bond Highlight                    22   Skala Usaha                             Lembaga dan Profesional
                                            Business Scale                     52   Penunjang
                                                                                    Supporting Agencies and             107
     Sumber Pendanaan Lainnya
     Other Funding Sources             22   Riwayat Singkat GMF                     Professionals
                                            A Brief History of GMF             54
     Peristiwa Penting 2024                                                         Kerja Sama Dengan Mitra Lain
     Significant Events In 2024        23   Jejak Langkah                           Cooperation With Other              110
                                            Milestones                         56   Partners

                                            Visi, Misi, dan Nilai Perusahaan        Informasi Situs Web GMF
                                            Vision, Mission, and Core Values   58   GMF Website                         112
       LAPORAN MANAJEMEN                    Logo Perusahaan
       Management Report                    Company Logo                       63   ANALISIS DAN
                                            Penghargaan dan Sertifikasi             PEMBAHASAN
                                                                               64
                                            Awards and Certification                MANAJEMEN
     Laporan Dewan Komisaris                                                        Management Discussion and
                                       31   Keanggotaan Asosiasi                7
     Board of Commissioners’ Report         Membership In Associations              Analysis
                                                                               67
     Laporan Direksi
     Board of Directors’ Report        37   Bidang Usaha, Produk dan Jasa,          Tinjauan Perekonomian dan
                                            Jaringan Usaha                          Industri                            116
                                            Business Field, Products and       68
                                                                                    Industrial and Economic Review
                                            Services, Business Network



                                                                                                                              9
                                                                                              PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                       Facility AeroAsia Tbk
Page 10
     Kebijakan Strategis 2024                 Informasi Keuangan yang                    Sekretaris Dewan Komisaris
     2024 Strategic Policy              121   Mengandung Kejadian yang                   Secretary to the Board of         297
                                              Bersifat Luar Biasa dan Jarang             Commissioners
     Aspek Pemasaran                          Terjadi                              165
     Marketing Aspect                   123                                              Komite Audit dan Kebijakan
                                              Financial Information that
                                              Contains Extraordinary and Rare            Corporate Governance
     Tinjauan Operasi Per Segmen              Events                                     Audit and Corporate               301
     Usaha                                                                               Governance Committee
     Operational Review By Business     127
                                              Perubahan Peraturan
     Segment                                  Perundang-Undangan yang                    Komite Nominasi dan
                                              Berpengaruh Signifikan                     Remunerasi
     Tinjauan Keuangan                                                                   Nomination and Remuneration       311
                                        135   Terhadap Perseroan                   166
     Financial Review                         Changes In Law and Regulations             Committee
                                              that Had Significant Affect to the
     Informasi dan Fakta Material                                                        Komite Pengembangan Usaha
                                              Company
     Setelah Pelaporan Akuntan                                                           dan Pemantau Risiko
     Information and Material Facts     157                                              Business Development and Risk     315
                                              Perubahan Kebijakan Akuntansi
     Subsequent to the Accountant’s           dan Dampaknya Terhadap                     Monitoring Committee
     Report                                   Perseroan                            167
                                              Changes In Accounting Policies             Sekretaris Perusahaan & Legal
     Informasi Dampak Nilai Tukar                                                        Corporate Secretary & Legal       322
                                              and Its Impact on the Company
     Mata Uang Asing
     Information on the Impact of       158                                              Internal Audit
                                              Informasi Kelangsungan Usaha                                                 329
     Foreign Currency Exchange Rate           Business Continuity Information      168   Internal Audit

     Kebijakan Dividen dan                    Teknologi Informasi                        Quality Assurance & Safety
     Pembagiannya                                                                  171   Quality Assurance & Safety
                                        159   Information Technology                                                       336
     Dividend Policy and
     Disbursement                                                                        Enterprise Risk Management
     Kontribusi Kepada Negara
                                                                                         Financial & Management            341
     Contribution to the State          160   TATA KELOLA                                Accounting

     Program Kepemilikan Saham
                                              PERUSAHAAN                                 Akuntan Publik
                                                                                                                           347
                                              Corporate Governance                       Public Accountant
     Oleh Karyawan dan/atau
     Manajemen (ESOP/MSOP)                                                               Manajemen Risiko
     Share Ownership Program for        160                                                                                352
                                                                                         Risk Management
     Employees and/or Management
     (ESOP/MSOP)                              Komitmen Kuat Penerapan Tata
                                                                                         Sistem Pengendalian Internal
                                              Kelola Perusahaan Yang Baik
                                                                                         Internal Control System           359
     Realisasi Penggunaan Dana Hasil          Strong Commitment On                 178
     Penawaran Umum                           Implementing Good Corporate                Perkara Penting
     Realization of Proceeds From       161   Governance                                                                   362
                                                                                         Important Cases
     Public Offering
                                              Struktur Tata Kelola Perseroan             Akses Informasi dan Data
     Realisasi Penggunaan Dana Hasil          The Company’s Governance             183   Perusahaan
     Penawaran Umum Obligasi                  Structure                                  Access to Information and         363
     Realization of Proceeds from       161
                                                                                         Company Data
     Bond Offering                            Hasil Tata Kelola: Evaluasi,
                                              Pemantauan, dan Peningkatan                Kode Etik
                                              Governance Results: Evaluation,      185                                     366
     Informasi Material Mengenai                                                         Code of Conduct
     Investasi, Ekspansi, Divestasi,          Monitoring, and Improvement
     Penggabungan Usaha, Akuisisi,                                                       Kebijakan Anti Korupsi dan
     dan/atau Restrukturisasi Utang/          Rapat Umum Pemegang Saham                  Pengendalian Gratifikasi
                                              (RUPS)                                     Anti-Corruption and Gratuities    369
     Modal
                                        161   General Meeting of                   224
     Material Information Regarding                                                      Control
     Investment, Expansion,                   Shareholders (GMS)
     Divestment, Business                                                                Informasi Pemberian Dana
                                              Pencegahan Transaksi Orang                 Untuk Kegiatan Politik
     Combination, Acquisition, and/or                                                                                      370
     Debt/Capital Restructuring
                                              Dalam                                246   Information On Funding for
                                              Insider Trading Prevention                 Political Activities
     Informasi Transaksi Material
                                              Dewan Komisaris                            Laporan Harta Kekayaan
     Yang Mengandung Benturan
                                              Board of Commissioners               247
     Kepentingan dan/atau Transaksi                                                      Penyelenggara Negara (LHKPN)
                                                                                         State Officers’ Asset Reports     371
     Dengan Pihak Afiliasi/Pihak              Direksi
     Berelasi                                 Board of Directors                   261   (LHKPN)
     Information on Material            162
     Transactions Containing                                                             Kebijakan Pengadaan Barang
                                              Informasi Lainnya Tentang
     Conflicts of Interest and/or             Dewan Komisaris dan Direksi
                                                                                         dan Jasa                          372
     Transactions with Affiliated/                                                       Procurement Policy
                                              Other Information About the          273
     Related Parties                          Board of Commissioners and                 Whistleblowing System
                                              Directors                                  Whistleblowing System             375



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Page 11
     Transparansi Praktik Bad                 Tingkat Kecelakaan Kerja
     Governance                               Accident Rate at Work             441
     Transparency on Bad                379
     Governance                               Melayani Pelanggan Dengan
                                              Sepenuh Hati
                                              Serving our Customers             444
                                              Wholeheartedly
      LAPORAN                                 Tanggung Jawab Sosial
      KEBERLANJUTAN                           Perusahaan                        449
      Sustainability Report                   Corporate Social Responsibility

                                              Lembar Umpan Balik
                                              Feedback Form                     453
     Ikhtisar Kinerja Keberlanjutan           Indeks Isi POJK No.51/
     2024
     Highlights of Sustainable          384   OJK.03/2017
                                                                                455
                                              POJK No.51/OJK.03/2017
     Performance in 2024                      Content Index
     Tentang Laporan Keberlanjutan
     About this Sustainability Report   386   Indeks Isi Consolidated GRI
                                              Standard 2021
                                              Consolidated Content Index of     459
     Hubungan Dengan Pemangku
                                              GRI Standard 2021
     Kepentingan dan Penentuan
     Topik Material                     388   Keselarasan Laporan
     Stakeholders Engagement and              Keberlanjutan dengan Metrik
     Materiality Analysis                     ESG                               463
                                              Alignment of the Sustainability
     Penentuan Topik Material
     Materiality Analysis               391   Report with ESG Metrics

     Komitmen Kebijakan dan
     Strategi Keberlanjutan
     Policy Commitment and              393
     Sustainability Strategy                  LAPORAN KEUANGAN
                                              Financial Report
     Menanamkan Budaya
     Keberlanjutan Secara
     Berkesinambungan                   394
     Embedding the Sustainability
     Culture Continously

     Kendala, Tantangan, dan Peluang
     Obstacles, Challenges, and         395
     Opportunities

     Memaksimalkan Kinerja
     Ekonomi
     Maximizing Economic                396
     Performance

     Upaya Pelestarian Lingkungan
     Environmental Conservation         400
     Efforts

     Menghargai dan Melindungi
     Pegawai
     Appreciation and Protection of     411
     our Employees

     Manajemen Karier
     Career Management                  426




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     Perjalanan GMF Tahun 2024
     GMF Journey in 2024


     STRATEGI USAHA GMF                                                    GMF BUSINESS STRATEGY FACING 2024
     MENGHADAPI 2024

                                                           Peningkatan Profitabilitas
                                                            Increasing Profitability

     •     Peningkatan volume bisnis
     •     Memperbesar share of wallet customer
     •     Menambah captive customer dengan kontrak jangka panjang
     •     Increasing business volume
     •     Increasing the share of wallet of customer
     •     Adding captive customer with long-term contract

                                                               Restrukturisasi Utang
                                                                Debt Restructuring

     •     Kepada pemasok dan bank
     •     Terus dimonitor secara berkala untuk memastikan implementasi sesuai kesepakatan
     •     To bank and suppliers
     •     Constantly monitored to ensure the implementation according to the agreement

                                                                Perbaikan Ekuitas
                                                                Improving Equity

     •     Divestasi anak usaha
     •     Mengembangkan jangkauan pasar di luar Grup
     •     Divesting subsidiaries
     •     Expanding to reach other market outside the Group


     KINERJA PANGSA PASAR                                                  MARKET SHARE PERFORMANCE


                                                                                             Kinerja Non-Group Afiliasi (NGA)
                          Kinerja Group Afiliasi (GA)
                                                                                             Non-Group Afiliation (NGA)
                          Group Affiliation (GA) Performance
                                                                                             Performance




     USD317.74                                    juta | million           USD103.48                            juta | million




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Page 13
    KINERJA PENDAPATAN OPERASIONAL                       OPERATING REVENUE PERFORMANCE

               Reparasi dan Overhaul             Perawatan               Operasi lain-lain
                Reparations & Overhaul           Maintenance              Other Operations




                    USD                         USD                        USD
              314.33
                  juta | million
                                              84.80                     22.09
                                                                         juta | million
                                              juta | million


                                         9%                       30%                              13%


    KINERJA KEUANGAN                                     FINANCIAL PERFORMANCE

                 Pendapatan Usaha               Laba Usaha              Laba Tahun Berjalan
                        Revenue                Operating Income           Profit for the Year




                    USD                        USD                         USD
              421.22
                  juta | million
                                                 42
                                              juta | million
                                                                         26.9
                                                                         juta | million


                                  12.87%                       51.63%                       33.38%




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Page 15
    IKHTISAR
     KINERJA
Performance Highlight
Page 16
     Ikhtisar Data Keuangan Penting
     Key Financial Data Highlight



                                             Laba (Rugi) dan Penghasilan Komprehensif Lain
                                                  Profit (Loss) and Other Comprehensive Income
     Dalam Dolar Amerika Serikat
     In United States Dollars

                                                                                                                        YoY        CAGR
               Keterangan
                                         2024           2023             2022             2021           2020          2023-       2020-
               Description
                                                                                                                      2024 (%)    2024 (%)

     Pendapatan Usaha
     Operating Revenue

     Repair and Overhaul               314,331,256   288,311,230      174,804,710      145,699,465    175,151,445         9.02       15.74

     Perawatan
                                        84,801,965     65,275,499      44,128,043       47,814,211      52,615,745       29.91       12.67
     Line Maintenance

     Operasi Lain-Lain
                                        22,089,965     19,620,255      19,771,140       17,079,639      26,074,245       12.59        -4.06
     Other Operations

     Jumlah Pendapatan Usaha
                                      421,223,186    373,206,984      238,703,893      210,593,315    253,841,435        12.87       13.50
     Total Operating Revenues

     Beban Usaha
                                      (379,219,103) (345,505,584) (213,836,674)       (305,088,245) (565,181,957)         9.76        -9.49
     Operating Expenses

     Laba Usaha
                                        42,004,083     27,701,400      24,867,219      (94,494,930)   (311,340,522)      51.63         N/A
     Operating Income

     Pendapatan/Beban Lainnya
                                      (17,259,968)     (7,989,376)    (19,363,914)     (17,148,369)   (31,420,851)      116.52       -13.91
     Other Income/Expenses

     Laba Sebelum Pajak Penghasilan
                                        24,744,115     19,730,024       5,503,305     (111,643,299)   (342,761,372)      25.41         N/A
     Profit Before Income Tax

     Beban Pajak
                                         2,155,930          438,665    (1,874,974)     (15,708,504)     14,000,568      391.48       -37.36
     Tax Expenses

     (Rugi)/Laba Bersih Tahun
     Berjalan                           26,900,045     20,168,689       3,628,331     (127,351,803)   (328,760,804)      33.38         N/A
     (Loss)/Profit for the Year

     Pendapatan Komprehensif Lain
                                          452,802       (235,166)       3,718,622         3,022,876      2,853,435      292.55       -36.88
     Other Comprehensive Income

     Jumlah (Rugi)/Penghasilan
     Komprehensif Tahun Berjalan
                                        27,352,847     19,933,523       7,346,953     (124,328,927)   (325,907,369)      37.22         N/A
     Total Comprehensive (Loss)/
     Income for the Year

     Laba Tahun Berjalan yang Dapat Diatribusikan Kepada:
     Profit for the Year Attributable to:

     Pemilik Entitas Induk
                                        26,891,116     20,276,463       3,571,764     (127,396,390)   (328,789,058)      32.62         N/A
     Owner of Parent Entity

     Kepentingan Non-Pengendali
                                             8,929      (107,774)           56,567           44,587         28,254      108.28       -25.02
     Non-Controlling Interests



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Page 17
                                                                                                                                     Ikhtisar Kinerja
                                                                                                                               Performance Highlight




                                                    Laba (Rugi) dan Penghasilan Komprehensif Lain
                                                        Profit (Loss) and Other Comprehensive Income
     Dalam Dolar Amerika Serikat
     In United States Dollars

                                                                                                                                   YoY            CAGR
               Keterangan
                                              2024            2023              2022             2021             2020            2023-           2020-
               Description
                                                                                                                                 2024 (%)        2024 (%)

     Jumlah (Rugi)/Penghasilan Komprehensif Tahun Berjalan yang Dapat Diatribusikan Kepada:
     Total Comprehensive (Loss)/Income for the Year Attributable to:

     Pemilik Entitas Induk
                                           27,343,918        20,041,297        7,290,386     (124,373,514)     (325,935,623)         36.44            N/A
     Owner of Parent Entity

     Kepentingan Non-Pengendali
                                                8,929         (107,774)           56,567             44,587           28,254        108.28          -25.02
     Non-Controlling Interests

     (Rugi)/Laba Bersih per Saham
     Dasar/Dilusian
                                               0.0010            0.0007           0.0001            (0.0045)     (0.012000)          42.86            N/A
     Basic/Diluted (Loss)/ Earnings
     per Share


                                                       Laporan Posisi Keuangan Konsolidasian
                                                        Consolidated Statements of Financial Position
     Dalam Dolar Amerika Serikat
     In United States Dollars

                                                                                                                               YoY                CAGR
            Keterangan
                                       2024              2023              2022              2021              2020         2023-2024           2020-2024
            Description
                                                                                                                               (%)                 (%)

     Aset Lancar
                                     206,103,485       246,615,548      200,965,297      209,985,094       294,271,426            -16.43              -8.5
     Current Assets

     Aset Tidak Lancar
                                     218,526,718       203,405,555      189,693,413      187,430,879       226,583,662               7.43            -0.90
     Non-Current Assets

     Total Aset
                                     424,630,203       450,021,103      390,658,710      397,415,973       520,855,088              -5.64            -4.98
     Total Assets

     Liabilitas Jangka Pendek
                                     237,508,591       279,717,345      248,830,982      321,064,848       465,274,117            -15.09           -15.47
     Current Liabilities

     Liabilitas Jangka Panjang
                                     445,022,915       481,465,660      472,849,048      414,710,336       269,611,255              -7.57           13.35
     Non-Current Liabilities

     Total Liabilitas
                                     682,531,506       761,183,005      721,680,030      735,775,184       734,885,372            -10.33             -1.83
     Total Liabilities

     Total Ekuitas
                                    (257,901,303)     (311,161,902)   (331,021,320)     (338,359,211)     (214,030,284)           -17.12             4.77
     Total Equity

     Total Liabilitas dan
     Ekuitas                         424,630,203       450,021,103      390,658,710      397,415,973       520,855,088              -5.64            -4.98
     Total Liabilities and Equity

     Modal Kerja Bersih
                                     (31,405,106)      (33,101,797)     (47,865,685)    (111,079,754)     (171,002,690)             -5.13          -34.54
     Net Working Capital




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                                                              Rasio Keuangan
                                                               Financial Ratio
     Dalam Persentase
     In Percentage

                                                                                                                                  CAGR
                        Keterangan                                                                                  YoY
                                                   2024         2023         2022         2021       2020                         2020-
                        Description                                                                             2023-2024 (%)
                                                                                                                                 2024 (%)

     Rasio Likuiditas (%)
     Liquidity Ratio (%)

     Cash Ratio                                       5.31         7.53            2.05      4.29       1.95          -29.48%       28.78

     Acid Test Ratio                                 60.92        61.70           58.05     46.70      44.32             -1.26        8.28

     Current Ratio                                   86.78        88.17           80.76     65.40      63.25             -1.58        8.23

     Rasio Profitabilitas (%)
     Profitability Ratio (%)

     Operating Profit Margin/OPM                      9.97         7.42           10.42    (44.87)   (122.65)           34.37         N/A

     Net Profit Margin/NPM                            6.39           5.3           1.52    (60.47)   (129.51)           20.57         N/A

     Return on Investment/ROI                        14.98        15.30           13.02    (16.50)    (55.48)            -2.09        N/A

     Rasio Solvabilitas (%)
     Solvency Ratio (%)

     Debt to Assets Ratio/DAR                       160.74      169.14           184.73    185.14     141.09             -4,97        3.31

     Debt to Equity Ratio/DER                      (264.65)    (244.63)     (218.02)      (217.45)   (343.36)            8.18         -6.3

     Rasio Aktivitas
     Activity Ratio

     Average Collection Period/ACP (hari | days)     45.66        45.06           66.66    128.97     140.09            1.33%      -25.04




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Page 19
                                                                                                                               Ikhtisar Kinerja
                                                                                                                         Performance Highlight




                                                  Ikhtisar Bisnis dan Operasional
                                                                 Business and Operational Highlight


     Dalam Dolar Amerika Serikat
     In United States Dollars

                                                                                                                           YoY             CAGR
             Keterangan
                                           2024        2023               2022               2021          2020           2023-            2020-
             Description
                                                                                                                         2024 (%)         2024 (%)

     Line Maintenance                  84,801,965     65,275,499        44,128,043          47,814,211    52,615,745          29.91          12.67

     Repair and Overhaul              314,331,256    288,311,230       174,804,710         145,699,465   175,151,445           9.02          15.74

     Other Operations                  22,089,965     19,620,255        19,771,140          17,079,639    26,074,246          12.59           -4.06

     Jumlah Pendapatan Usaha
                                       421,223,186   373,206,984      238,703,893          210,593,315   253,841,435          12.87          13.50
     Total Operating Revenues



             Jumlah Pendapatan Usaha                  (Rugi)/Laba Bersih Tahun Berjalan                            Total Aset
                Total Operating Revenues                      (Loss)/Profit for the Year                           Total Assets




                     USD                                           USD                                            USD
             421,223,186                                   26,900,045                                      424,630,203
                  Dalam nilai penuh                             Dalam nilai penuh                               Dalam nilai penuh
                   In full amount                                In full amount                                  In full amount



                    Total Ekuitas                         Net Profit Margin/NPM                            Return on Investment/ROI
                      Total Equity




                     USD                                        6.39%                                         14.98%
            (257,901,303)
                  Dalam nilai penuh                                     (%)                                            (%)
                   In full amount



                 Line Maintenance                           Repair and Overhaul                                Other Operations




                     USD                                           USD                                            USD
               84,801,965                                314,331,256                                        22,089,965
                  Dalam nilai penuh                             Dalam nilai penuh                               Dalam nilai penuh
                   In full amount                                In full amount                                  In full amount




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     Ikhtisar Saham
     Share Highlight


                                                Informasi Pergerakan Saham GMF
                                                 Information on GMF’s Shares Movement

                                         Harga Saham                                            Jumlah Saham
                                                                                 Volume                           Kapitalisasi Pasar
                                          Share Price                                          Beredar (lembar
                                                                               Perdagangan                              (Rp)
                                             (Rp)                                                  saham)
                                                                             (lembar saham)                            Market
                                                                                                  Number of
          2024                                                               Trading Volume                        Capitalization
                       Tertinggi          Terendah          Penutupan                            Outstanding
                                                                                 (Shares)                               (Rp)
                        Highest            Lowest            Closing                               Shares

     Triwulan 1
                                    80               59                 59       104,689,700    28,233,511,500    1,665,777,178,500
     Quarter 1

     Triwulan 2
                                    66               45                 53        66,318,200    28,233,511,500    1,496,376,109,500
     Quarter 2

     Triwulan 3
                                    71               50                 65        90,973,700    28,233,511,500    1,835,178,247,500
     Quarter 3

     Triwulan 4
                                    71               46                 49        76,365,282    28,233,511,500    1,383,442,063,500
     Quarter 4




                                         Harga Saham                                            Jumlah Saham
                                                                                 Volume                           Kapitalisasi Pasar
                                          Share Price                                          Beredar (lembar
                                                                               Perdagangan                              (Rp)
                                             (Rp)                                                  saham)
                                                                             (lembar saham)                            Market
                                                                                                  Number of
          2023                                                               Trading Volume                        Capitalization
                       Tertinggi          Terendah          Penutupan                            Outstanding
                                                                                 (Shares)                               (Rp)
                        Highest            Lowest            Closing                               Shares

     Triwulan 1
                                    73               50                 53       268,164,900    28.233.511.500    1,496,376,109,500
     Quarter 1

     Triwulan 2
                                    70               50                 54       253,746,500    28.233.511.500    1,524,609,621,000
     Quarter 2

     Triwulan 3
                                   102               54                 80       782,319,300    28.233.511.500    2,258,680,920,000
     Quarter 3

     Triwulan 4
                                    87               70                 80       203,692,500    28.233.511.500    2,258,680,920,000
     Quarter 4




      ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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Page 21
                                                                                                                              Ikhtisar Kinerja
                                                                                                                        Performance Highlight




                                    Harga Penutupan dan Volume Perdagangan Saham GMF 2023-2024
                                              Closing Price and Trading Volume of GMF Shares 2023-2024

                                    2023                                                                  2024

                  53           54            80           80                           59            53            65           49


                                         782.319.300
                                                                                        104.689.700
                                                                                                              90.973.700




                  267.558.900                                                                                                76.365.282
                                                                                                      66.318.200
                               253.746.500
                                                       203.692.500




              Triwulan 1    Triwulan 2   Triwulan 3    Triwulan 4                  Triwulan 1   Triwulan 2   Triwulan 3     Triwulan 4
              Quarter 1     Quarter 2    Quarter 3     Quarter 4                   Quarter 1    Quarter 2    Quarter 3      Quarter 4

                   Penutupan              Volume Perdagangan                             Penutupan            Volume Perdagangan
                   Closing                Trading Volume                                 Closing              Trading Volume


    AKSI KORPORASI                                                          CORPORATE ACTION
    Pada tahun 2024, terdapat aksi korporasi yang menyebabkan               Throughout 2024, there were corporate actions that caused
    perubahan material terhadap saham Perseroan yang tercatat               material changes to the Company’s shares listed on the
    di Bursa Saham Indonesia (BEI). Tindakan tersebut antara                Indonesia Stock Exchange (IDX). These actions include Rights
    lain Penambahan Modal Dengan Hak Memesan Efek Terlebih                  Issue and changes in the nominal value of shares. The Rights
    Dahulu (“PMHMETD”) dan perubahan nilai nominal saham.                   Issue was started in 2024 based on Audited Consolidated
    Rangkaian proses PMHMETD ini dimulai di tahun 2024 dengan               Interim Financial Report per June 30, 2024 and completed
    berbasis Laporan Keuangan Interim Konsolidasian per 30 Juni             on January, 2025. This corporate actions do not change the
    2024 yang diaudit dan selesai di bulan Januari 2025. Aksi               Controlling Shareholders, but it change the composition of
    korporasi tidak mengubah Pemegang Saham Pengendali, namun               shares ownership by shareholders.
    mengubah komposisi kepemilikan saham oleh Pemegang Saham.

    DIVIDEN KAS                                                             CASH DIVIDENDS

    Perseroan tidak memberikan dividen pada RUPS Tahunan Tahun              The Company did not distribute any dividend for the 2023
    Buku 2023 yang diselenggarakan pada tahun 2024. Rapat                   financial year. The General Meeting of Shareholders was
    Umum Pemegang Saham menyetujui penggunaan Laba Bersih                   approved the use of the Net Profit as Retained Earning to
    sebagai Laba Ditahan untuk mengurangi akumulasi kerugian.               reduce accumulated losses.

    PENGHENTIAN SAHAM                                                       SHARE SUSPENSION

    Sepanjang tahun 2024, saham GMF tidak pernah menerima                   Throughout 2024, GMF shares did not receive any sanctions
    sanksi (sanction) ataupun mengalami penghentian sementara               affecting share trading activities in the form of suspension on
    (suspension) yang mempengaruhi aktivitas perdagangan saham              the IDX. Additionally, the Company did not conduct any delisting
    Perseroan di BEI. Perseroan juga tidak melakukan penghapusan            of shares on the IDX.
    pencatatan saham (delisting) di BEI.


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     IKHTISAR OBLIGASI
     Bond Highlight


     Hingga akhir tahun 2024, GMF tidak menerbitkan obligasi,       Until the end of 2024, GMF had never issued bonds, sharia
     sukuk, atau obligasi konversi di bursa efek mana pun. GMF      bonds (sukuk) or convertible bonds on any stock exchange.
     juga tidak menerbitkan surat utang dalam bentuk lainnya yang   GMF also did not issue other securities in any form that are
     bersifat direct placement.                                     direct placement.




     Sumber Pendanaan Lainnya
     Other Funding Sources


     Hingga akhir tahun 2024, GMF tidak memiliki tambahan           Until the end of 2024, GMF did not have any additional sources
     pendanaan dari sumber lain dan oleh karena itu, tidak ada      of funding from other sources and therefore, there was no
     informasi yang dapat untuk diungkapkan dalam Laporan           information available for disclosure in this Integrated Report.
     Terintegrasi ini.




       ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                              Integrated Report 2024
Page 23
                                                                        Ikhtisar Kinerja
                                                                  Performance Highlight




                                  Peristiwa Penting 2024
                                            Significant Events in 2024




      24 Vietnam
         Summit
      Januari
                 Aero                2
                                   Februari
                                              Kerja Sama GMF dengan Airbus
                                              Perawatan Super Puma
      January                      February
                                              GMF Cooperation with Airbus
                                              Super Puma Maintenance




        2
      Februari
                   Singapore
                   Airshow 2024
                                     3
                                    Maret
                                              Kunjungan SESKO TNI AU
                                              Air Force SESKO Visit
      February                      March




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      4
     April
              Juara 3 Lomba Gagasan Eco dari
              Kementrian BUMN
                                                        5
                                                        Mei
                                                               First Flight Tes Helikopter TNI AD
                                                               First Flight Test of Army Helicopter
     April                                              May
              3rd place in the Eco Ideas
              Competition from Ministry of SOEs




      6
     Juni
              Kunjungan Royal Thai Air Force
              Royal Thai Air Force Visit
                                                        7
                                                        Juli
                                                               Award Kementrian Perindustrian
                                                               Republik Indonesia
     June                                               July
                                                               Award Ministry of Industry
                                                               Republic of Indonesia




      7
      Juli
              Kunjungan INACA
              INACA Visit
                                                        7
                                                        Juli
                                                               Kick Off Airbus Partnership
      July                                              July



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                                                                                             Ikhtisar Kinerja
                                                                                       Performance Highlight




        7
        Juli
                   Penandatanganan Kerja Sama
                   GMF dan Asyst
                                                     8
                                                    Agustus
                                                               Indonesia Best Electriciy Award
                                                               (IBEA) EV Ecosystem Award 2024
        July                                        August
                   GMF and Asyst Cooperation                   Indonesia Best Electriciy Award
                   Signing                                     (IBEA) EV Ecosystem Award 2024




        8
      Agustus
                   Kunjungan Kerja Potensi
                   Pertahanan dari Kementrian
                                                     9
                                                    Agustus
                                                               Bali International Aishow 2024
                                                               (Signing GMF & Artha Hangar
      August                                        August     Indonesia)
                   Pertahanan
                   Ministry of Defense Potential               Bali International Aishow 2024 (Signing
                                                               GMF & Artha Hangar Indonesia)
                   Working Visit




        9
     September
                   Penguatan Sinergi Perawatan
                   Armada GMF & Citilink
                                                     9
                                                   September
                                                               Penandatanganan Kerja Sama
                                                               GMF dan ADE
     September                                     September
                   Strengthening Maintenance                   GMF and ADE Cooperation Signing
                   Synergy GMF & Citilink Fleet
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       9
     September
                 MRO Asia Pacific                          9
                                                         September
                                                                     Penandatanganan Kerja Sama
                                                                     GMF dan PDQ
     September                                           September
                                                                     GMF and PDQ Cooperation Signing




      10 Kunjungan Sekolah Staf dan
         Pimpinan Kementerian Luar
     Oktober
                                                          11 BUMN  Branding & Marketing
                                                             Award 2024
                                                         November
     October                                             November
                 Negeri (Kemlu) RI                                   BUMN Branding & Marketing
                 School Visit of Staff and Leaders                   Award 2024
                 of the Ministry of Foreign Affairs
                 (Kemlu) RI




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                                                                              Ikhtisar Kinerja
                                                                        Performance Highlight




      11 Electricity Connect 2024
     November
                                         11 Seremoni   Pesawat Baru Pelita Air
                                            Pelita Air’s New Aircraft Ceremony
                                        November
     November                           November




      11 Top Human Capital Award 2024
     November
                                         12 Penandatanganan
                                            C-130H (A-1323)
                                        Desember
                                                            Hercules
     November                           December
                                                   Hercules Signing C-130H (A-1323)




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Page 29
  LAPORAN
MANAJEMEN
 Management Report
Page 30
                                                              DHARMADI
                                                               Komisaris Utama
                                                        President Commissioner




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                                                                                                                   Laporan Manajemen
                                                                                                                    Management Report




                                                           Laporan Dewan Komisaris
                                                                     Board of Commissioners’ Report


    Pemegang Saham dan Pemangku Kepentingan yang Terhormat,            To Our Esteemed Shareholders and Stakeholders,

    Kami merasa bangga untuk melaporkan bahwa GMF telah                We are pleased to report that GMF has successfully navigated
    berhasil melewati tahun 2024 dengan kinerja keuangan               2024 with strong financial and operational performance. The
    dan operasional yang kuat. Perseroan meraih peningkatan            Company recorded a significant increase in both revenue
    pendapatan dan laba yang signifikan. Hasil positif ini menjadi     and profit. These positive results are a testament to the hard
    bukti dari kerja keras dan dedikasi seluruh tim GMF dalam          work and dedication of the entire GMF team in demonstrating
    menunjukkan ketahanan dan beradaptasi menghadapi                   resilience and adaptability in facing business challenges and
    tantangan bisnis dan jeli dalam memanfaatkan peluang.              capitalizing on emerging opportunities.

    Kondisi Perekonomian dan Industri Terhadap Kinerja Perseroan       Economic and Industrial Conditions Impacting Company
    Pada tahun 2024, lanskap ekonomi Indonesia memperlihatkan          Performance In 2024, Indonesia’s economic landscape
    ketahanan dengan tingkat pertumbuhan yang stabil sebesar           demonstrated resilience, with a steady growth rate of 5.1%,
    5,1%, sebagaimana dilaporkan dalam laporan Unleashing              as reported in the World Bank’s Unleashing Indonesia’s Business
    Indonesia’s Business Potential dari Bank Dunia. Momentum           Potential report. This positive economic momentum was largely
    ekonomi positif ini sebagian besar didorong oleh kebijakan         driven by strong macroeconomic policies, increased investment,
    makroekonomi yang kuat, peningkatan investasi, serta               and a conducive business environment, including in the aviation
    lingkungan bisnis yang kondusif, termasuk di sektor aviasi.        sector.

    Membaiknya kondisi ekonomi, ditambah dengan meningkatnya           The improving economic conditions, alongside rising air travel
    permintaan perjalanan udara selama masa liburan (peak season),     demand during peak seasons, have provided a supportive
    telah memberikan dukungan bagi industri Maintenance,               backdrop for the Maintenance, Repair and Overhaul (“MRO”)
    Repair and Overhaul (“MRO”).Di tingkat global, industri MRO        industry. At the global level, the MRO industry experienced
    menunjukkan tren positif, dengan pertumbuhan pasar sebesar         a positive trend, with the market growing by 3% to USD104
    3% menjadi USD104 miliar. Kawasan Asia-Pasifik, sebagai salah      billion. The Asia-Pacific region, a key aviation hub, saw an even
    satu pasar terbesar, mencatat pertumbuhan lebih tinggi sebesar     stronger growth rate of 11%, positioning Indonesia to grow by
    11%, membawa Indonesia bertumbuh dengan memanfaatkan               capitalizing on the increased MRO demand.
    peningkatan permintaan MRO.

    Meskipun situasi secara keseluruhan positif, tantangan tetap       Despite the positive situation, challenges still persisted in the
    ada dalam industri MRO, terutama dari rantai pasok aviasi          MRO industry, particularly in the global aviation supply chain.
    global. Tekanan keuangan yang berkepanjangan pada pemasok          The prolonged financial strain on aircraft component suppliers,
    komponen pesawat, kekurangan tenaga kerja, serta kendala           workforce shortages, and logistical constraints affected the
    logistik berdampak pada ketersediaan suku cadang, yang             availability of spare parts, posing potential risks to operational
    berpotensi menimbulkan risiko terhadap efisiensi operasional.      smoothness efficiency.

    Menghadapi situasi unik yang dipenuhi peluang dan tantangan,       Faced with a mix of opportunities and challenges, we have
    kami melihat bagaimana Direksi berhasil membawa GMF                seen how the Board of Directors successfully led GMF to excel
    untuk terus unggul melalui penerapan strategi yang tepat           through well-executed strategies that effectively mitigated
    karena terbukti efektif memitigasi risiko dan menjaga tren         risks and maintained a positive trajectory.
    pertumbuhan positif.

    PENILAIAN KINERJA DIREKSI DALAM                                    ASSESSMENT OF THE BOARD OF
    MENGELOLA PERSEROAN                                                DIRECTORS PERFORMANCE IN
                                                                       MANAGING THE COMPANY
    Dewan Komisaris menilai kinerja keuangan dan operasional           The Board of Commissioners views GMF’s financial and
    GMF pada tahun 2024 adalah positif, karena Perseroan               operational performance in 2024 positively, as the Company
    menunjukkan kinerja kuat dalam menghadapi dinamika industri.       demonstrated strong progress in navigating the industry’s
    Penilaian kami didasarkan pada pencapaian indikator kinerja        mixed conditions. Our assessment is based on key performance
    utama (KPI) yang mencakup sejumlah aspek perihal target            indicator (KPI), which covers various aspects in terms financial
    keuangan dan operasional.                                          and operational targets.

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     Kami melihat bagaimana Direksi telah berhasil menerapkan          We have seen how the Board of Directors has successfully
     inisiatif strategis yang tepat untuk meningkatkan efisiensi       implemented strategic initiatives that enhanced cost efficiency,
     biaya, mengoptimalkan pendapatan, dan memperkuat posisi           optimized revenue generation, and strengthened the Company’s
     keuangan Perseroan. Upaya ini berkontribusi pada peningkatan      financial position. These efforts have contributed to a notable
     yang signifikan dalam kesehatan keuangan GMF, sebagaimana         improvement in GMF’s financial soundness, as reflected in
     tercermin dari peningkatan pendapatan dan laba bersih, serta      increased revenue and net profit, as well as a strong free cash
     kinerja arus kas bebas yang mencapai 109.7% dari target.          flow performance that exceeded 109.7% of the target.

     Dari aspek keuangan, GMF mencatat pendapatan sebesar              In terms of the financial aspect, GMF generated revenue of
     USD421,22 juta dan laba tahun berjalan sebesar USD26,90           USD421.22 million and a profit for the year of USD26.90 million.
     juta. Dibandingkan dengan kinerja tahun sebelumnya, angka         Compared to last year’s performance, these figures grew by
     tersebut masing-masing tumbuh sebesar 12,87% dan 33,8%.           12.87% and 33.8%, respectively.

     Secara operasional, Perseroan juga mencapai pencapaian yang       Operationally, the Company also achieved significant milestones,
     signifikan, dengan pemenuhan Service Level Agreement (SLA)        with customer service level agreements (SLA) nearly reaching
     pelanggan yang hampir mencapai 100% di berbagai lini layanan.     100% across various service lines. Additionally, GMF’s risk
     Selain itu, sistem manajemen risiko GMF, yang telah kami pantau   management system, which we have actively monitored and
     dan awasi secara aktif sepanjang tahun, memperoleh peringkat      overseen throughout the year, received a satisfactory rating,
     memuaskan, yang menegaskan efektivitas langkah-langkah            underscoring the effectiveness of its risk mitigation measures.
     mitigasi risiko yang diterapkan.

     Pencapaian ini menegaskan komitmen Direksi dalam                  These achievements highlight the commitment of the Board
     mendorong pertumbuhan berkelanjutan sekaligus menjaga             of Directors to driving sustainable growth while maintaining
     keunggulan operasional. Dewan Komisaris mengapresiasi             operational excellence. The Board of Commissioners highly
     dedikasi dan kepemimpinan Direksi dalam mengarahkan GMF           appreciates the dedication and leadership of the Board
     di tengah situasi bisnis yang dinamis. Kemampuan mereka           of Directors in steering GMF through a dynamic business
     dalam menghadapi tantangan industri, memanfaatkan peluang         landscape. Their ability to navigate industry challenges,
     pasar, serta menerapkan strategi yang dijalankan dengan baik      capitalize on market opportunities, and implement well-
     telah menjadi faktor kunci dalam menjaga tren pertumbuhan         executed strategies has been instrumental in maintaining the
     positif Perseroan.                                                Company’s positive trajectory.

     PENGAWASAN TERHADAP                                               SUPERVISION OF THE IMPLEMENTATION
     IMPLEMENTASI STRATEGI PERSEROAN                                   OF COMPANY STRATEGY

     Dewan Komisaris telah berperan secara aktif dalam mengawasi       The Board of Commissioners has actively supervised the
     implementasi strategi korporasi GMF sepanjang tahun 2024          implementation of GMF’s corporate strategy throughout
     untuk memastikan keselarasan dengan tujuan jangka panjang         2024 to ensure alignment with the Company’s long-term
     Perseroan. Kami mengakui bahwa strategi yang dijalankan           objectives. We acknowledge that the strategies executed by
     oleh Direksi telah memberikan hasil yang efektif, khususnya       the Board of Directors have been largely effective, particularly
     dalam memperkuat daya saing dan meningkatkan efisiensi            in strengthening competitiveness and improving operational
     operasional. Namun, kami juga melihat perlunya akselerasi         efficiency. However, we also recognize the need for accelerated
     dalam pelaksanaan beberapa inisiatif strategis agar dampaknya     execution of certain strategic initiatives to maximize their
     lebih optimal. Tantangan masih membayangi, termasuk               impact. Challenges remain, including the expansion of business
     peningkatan kapasitas bisnis dan adaptasi terhadap dinamika       capacity and adaptation to the evolving dynamics of the aviation
     industri penerbangan yang terus berkembang.                       industry.

     Dalam menjalankan fungsi pengawasan, Dewan Komisaris              To fulfill our oversight role, the Board of Commissioners has
     telah memberikan arahan strategis melalui rapat berkala,          provided strategic direction through regular meetings, risk
     peninjauan kebijakan risiko, dan pemantauan berkelanjutan         policy reviews, and continuous monitoring to ensure that
     untuk memastikan bahwa inisiatif strategis diterapkan secara      strategic initiatives are effectively implemented. Throughout
     efektif. Sepanjang tahun, kami telah mengadakan diskusi yang      the year, we convened discussions focusing on evaluating
     berfokus pada evaluasi kinerja Direksi, peningkatan strategi      the Board of Directors’ performance, enhancing efficiency
     efisiensi, peninjauan rencana investasi, dan pengawasan           strategies, reviewing investment plans, and overseeing
     restrukturisasi keuangan. Keputusan utama yang telah diambil      financial restructuring. Key decisions included approving
     mencakup persetujuan kebijakan investasi, pemberian arahan        investment policies, providing guidance on risk mitigation,
     terkait mitigasi risiko, serta rekomendasi untuk perbaikan        and recommending improvements in organizational policies.
     kebijakan organisasi.



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    Dalam menjalankan fungsi pengawasan dan pemberian nasihat,      In carrying out its advisory function, the Board of Commissioners
    Dewan Komisaris menetapkan alur komunikasi yang terbuka         maintained open and structured communication with the
    dan terstruktur dengan Direksi. Kami memberikan arahan          Board of Directors. We provided guidance through joint
    melalui rapat gabungan, diskusi strategis, serta rekomendasi    meetings, strategic discussions, and written recommendations
    tertulis mengenai kebijakan operasional dan keuangan. Secara    concerning operational and financial policies. In total, there were
    keseluruhan, terdapat 16 (enam belas) rapat gabungan yang       16 (sixteen) joint meetings held in 2024, where discussions
    diselenggarakan pada tahun 2024, di mana pembahasan utama       centered on performance evaluation, business strategy
    mencakup evaluasi kinerja, perumusan strategi bisnis, dan       formulation, and strengthening internal controls. The key
    penguatan pengendalian internal. Topik utama yang dibahas       topics that we have addressed included cost efficiency, revenue
    meliputi efisiensi biaya, optimalisasi pendapatan, strategi     optimization, business expansion strategies, and governance and
    ekspansi bisnis, serta peningkatan tata kelola dan kepatuhan.   compliance improvements. Our recommendations emphasized
    Rekomendasi yang kami berikan menitikberatkan pada              the need for enhanced strategy execution effectiveness and
    peningkatan efektivitas implementasi strategi dan penguatan     the reinforcement of internal control systems to support the
    sistem pengendalian internal guna mendukung pertumbuhan         Company’s sustainable growth.
    berkelanjutan Perseroan.

    Dewan Komisaris tetap berkomitmen untuk memastikan bahwa        The Board of Commissioners remains committed to ensuring
    GMF terus menerapkan strategi yang mendorong kesuksesan         that GMF continues to implement strategies that drive long-
    jangka panjang sambil memitigasi risiko yang mungkin terjadi.   term success while mitigating potential risks. We will continue
    Kami akan terus bekerja sama dengan Direksi untuk menghadapi    to work closely with the Board of Directors to navigate industry
    tantangan industri serta memanfaatkan peluang pasar guna        challenges and capitalize on market opportunities for sustained
    mencapai pertumbuhan yang berkelanjutan dan tangguh.            and resilient growth.

    PENERAPAN TATA KELOLA PERUSAHAAN                                IMPLEMENTATION OF
                                                                    CORPORATE GOVERNANCE

    Dewan Komisaris memandang bahwa penerapan Tata Kelola           The Board of Commissioners views the implementation of
    Perusahaan yang Baik (Good Corporate Governance atau            Good Corporate Governance (GCG) in GMF throughout 2024
    “GCG”) di GMF sepanjang tahun 2024 telah berjalan dengan        positively, as the Company has demonstrated compliance
    baik, sebagaimana ditunjukkan oleh kepatuhan terhadap           with regulatory and governance policies. This is reflected
    regulasi dan kebijakan tata kelola. Hal ini tercermin dalam     in GMF achieving a 100% compliance score in Governance,
    pencapaian skor kepatuhan 100% dalam Governance, Risk,          Risk, and Compliance (GRC) and maintaining an effective risk
    and Compliance (GRC) serta penerapan sistem manajemen           management system. However, we recognize that there is still
    risiko yang efektif. Namun, Dewan Komisaris juga menyadari      room for improvement, particularly in enhancing risk monitoring
    bahwa masih terdapat ruang untuk peningkatan, khususnya         and responsiveness to strategic risks.
    dalam memperkuat pemantauan risiko dan respons terhadap
    risiko strategis.

    Dalam upaya untuk lebih memperkuat praktik tata kelola,         To further strengthen governance practices, the Board of
    Dewan Komisaris telah memberikan berbagai rekomendasi           Commissioners has provided recommendations aimed at
    guna menyempurnakan kerangka tata kelola perusahaan.            refining the Company’s governance framework. These include
    Rekomendasi tersebut mencakup peningkatan penilaian GCG,        improving GCG assessments, strengthening risk oversight
    penguatan mekanisme pengawasan risiko, serta penyempurnaan      mechanisms, and refining the remuneration policy to better align
    kebijakan remunerasi agar lebih selaras dengan kinerja dan      with individual performance and contributions. These steps
    kontribusi masing-masing individu. Langkah-langkah ini sangat   are essential in ensuring that corporate governance remains
    penting untuk memastikan bahwa tata kelola perusahaan tetap     a driving force in GMF’s sustainable growth and operational
    menjadi pendorong utama dalam pertumbuhan berkelanjutan         excellence.
    dan keunggulan operasional GMF.

    Sebagai bagian dari fungsi pengawasannya, Dewan Komisaris       As part of our supervisory function, the Board of Commissioners
    juga telah menilai kinerja komite-komite pendukungnya, yang     also assessed the performance of its supporting committees,
    meliputi Komite Audit & Kebijakan Tata Kelola Perusahaan,       which include the Audit & Corporate Governance Policy
    Komite Pengembangan Usaha & Pemantauan Risiko, serta            Committee, the Business Development & Risk Monitoring
    Komite Nominasi & Remunerasi. Penilaian dilakukan               Committee, and the Nomination & Remuneration Committee.
    berdasarkan efektivitas pelaksanaan program kerja,              Our evaluation was based on their ability to implement their
    pemenuhan tanggung jawab pengawasan, serta kontribusi           work programs effectively, fulfill oversight responsibilities,
    dalam meningkatkan tata kelola perusahaan. Dapat kami           and contribute to governance enhancement. We are pleased
    sampaikan bahwa seluruh komite telah menjalankan tugasnya       to inform that all committees performed well in 2024, with


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     dengan baik sepanjang tahun 2024, dengan Komite Audit               the Audit Committee ensuring strong internal control and
     memastikan sistem pengendalian internal yang kuat serta             regulatory compliance, the Nomination & Remuneration
     kepatuhan terhadap regulasi, Komite Nominasi & Remunerasi           Committee providing sound recommendations on the structure
     memberikan rekomendasi yang tepat terkait struktur dan              and policies for remuneration, and the Business Development
     kebijakan remunerasi, sementara Komite Pengembangan Usaha           & Risk Monitoring Committee conducting comprehensive
     & Pemantauan Risiko melakukan evaluasi menyeluruh terhadap          evaluations of the Company’s risk management framework.
     sistem manajemen risiko Perseroan.

     Dalam hal pengendalian internal dan Whistleblowing System           In terms of internal control and the Whistleblowing System
     (WBS), Dewan Komisaris mengakui bahwa GMF telah                     (WBS), the Board of Commissioners acknowledges that GMF has
     menerapkan sistem pengendalian internal dan manajemen               effectively implemented its internal control and risk management
     risiko secara efektif, terutama dalam aspek kepatuhan dan           system, particularly in compliance and strategic risk mitigation.
     mitigasi risiko strategis. Namun, Dewan Komisaris melihat           However, we see the need for further improvements in early
     perlunya peningkatan lebih lanjut dalam deteksi dini risiko serta   risk detection and the effectiveness of response mechanisms
     efektivitas respons terhadap dinamika bisnis. Oleh karena itu,      in addressing business dynamics. Accordingly, we have
     kami merekomendasikan peningkatan sistem pemantauan risiko          recommended for constant improvements in risk monitoring
     yang berkelanjutan, penguatan pengawasan terhadap hasil audit       systems, strengthened oversight of internal audit results, and
     internal, serta penerapan kebijakan risiko yang lebih adaptif       the implementation of more adaptive risk policies to address the
     untuk menghadapi tantangan industri yang terus berkembang.          challenges of an evolving industry landscape.

     Dewan Komisaris akan terus mengawasi dan memastikan                 The Board of Commissioners will keep on overseeing and
     bahwa GMF senantiasa menjunjung tinggi standar tata kelola          ensuring that GMF continuously upholds the highest standards
     perusahaan yang terbaik. Kami akan terus bekerja sama dengan        of corporate governance. We will continue to work closely with
     Direksi untuk mendorong transparansi, akuntabilitas, dan            the Board of Directors to drive transparency, accountability,
     penciptaan nilai yang berkelanjutan bagi seluruh pemangku           and sustainable value creation for all stakeholders.
     kepentingan.

     PANDANGAN DEWAN KOMISARIS                                           THE BOARD OF COMMISSIONERS’
     MENGENAI PROSPEK USAHA DAN                                          VIEW ON BUSINESS PROSPECTS
     STRATEGI MENGHADAPI 2025                                            AND STRATEGIES FOR 2025

     Dewan Komisaris memandang prospek bisnis tahun 2025                 The Board of Commissioners views the business prospects
     dengan penuh optimisme, seiring dengan meningkatnya kondisi         for 2025 with optimism, considering the improving global
     ekonomi global dan domestik. Dengan proyeksi pertumbuhan            and domestic economic outlook. With Indonesia’s economy
     ekonomi Indonesia sebesar 5,2%, yang didukung oleh daya             projected to grow by 5.2%, supported by strong consumer
     beli masyarakat yang kuat, pengembangan infrastruktur,              spending, infrastructure development, and government policies
     serta kebijakan pemerintah yang menjaga stabilitas pasar            that maintain aviation market stability, the aviation and MRO
     penerbangan, industri penerbangan dan MRO diperkirakan              industries are expected to experience continued growth.
     akan terus mengalami pertumbuhan. Selain itu, pasar MRO             Additionally, the global MRO market is projected to expand
     global diproyeksikan berkembang hingga mencapai USD104              to USD119 billion in 2025, offering new opportunities for
     miliar pada tahun 2025, membuka peluang baru bagi GMF               GMF to strengthen its market presence. However, we remain
     untuk memperkuat kehadiran pasarnya. Namun, kami tetap              mindful of challenges such as supply chain disruptions and
     memperhatikan tantangan seperti disrupsi rantai pasok dan           rising labor costs, which may impact operational efficiency
     meningkatnya biaya tenaga kerja, yang dapat memengaruhi             and cost structures.
     efisiensi operasional dan struktur biaya.

     Sebagai respons terhadap dinamika ini, Dewan Komisaris telah        In response to these dynamics, the Board of Commissioners
     meninjau strategi bisnis yang disusun oleh Direksi untuk tahun      has reviewed the business strategies prepared by the Board of
     2025 dan menilai bahwa strategi tersebut telah terstruktur          Directors for 2025 and considers them to be well-structured
     dengan baik serta realistis. Target keuangan yang ditetapkan,       and realistic. The financial targets set, including revenue of
     termasuk pendapatan sebesar USD416,93 juta dan laba bersih          USD416.93 million and net profit of USD27.13 million, are
     USD27,13 juta, merupakan target yang ambisius namun dapat           ambitious yet achievable with the right execution. We believe
     dicapai dengan eksekusi yang tepat. Kami meyakini bahwa             that the strategic initiatives planned, particularly in enhancing
     inisiatif strategis yang dirancang, terutama dalam meningkatkan     efficiency, expanding market reach, and optimizing operational
     efisiensi, memperluas jangkauan pasar, dan mengoptimalkan           capabilities, will be instrumental in achieving these goals.
     kapabilitas operasional, akan menjadi faktor kunci dalam
     pencapaian target tersebut.



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    Selain itu, kami mendorong Direksi untuk terus memperkuat        Furthermore, we encourage the Board of Directors to continue
    upaya diversifikasi pendapatan serta secara proaktif mengelola   strengthening revenue diversification efforts and proactively
    risiko eksternal, seperti fluktuasi harga bahan baku dan         managing external risks, such as raw material price fluctuations
    ketidakpastian pasar global. Dengan langkah-langkah ini, GMF     and global market uncertainties. By doing so, GMF will be
    akan lebih siap untuk mempertahankan pertumbuhan jangka          better positioned to sustain long-term growth while mitigating
    panjang sembari memitigasi potensi tantangan industri.           potential industry challenges.

    Secara keseluruhan, kami yakin bahwa GMF mampu                   Overall, we are confident in GMF’s ability to navigate the
    menghadapi situasi bisnis yang terus berkembang dan meraih       evolving business landscape and capture new opportunities in
    peluang baru pada tahun 2025. Dengan strategi yang solid,        2025. With a solid strategy in place, a commitment to operational
    komitmen terhadap keunggulan operasional, serta fokus pada       excellence, and a focus on innovation and sustainability, we are
    inovasi dan keberlanjutan, kami optimistis bahwa Perseroan       optimistic that the Company will achieve higher growth and
    akan mencapai pertumbuhan yang lebih tinggi dan semakin          further strengthen its position as a leading MRO provider in
    memperkuat posisinya sebagai penyedia MRO terkemuka di           the region.
    kawasan.

    KOMPOSISI ANGGOTA                                                COMPOSITION OF THE BOARD OF
    DEWAN KOMISARIS                                                  COMMISSIONERS MEMBERS

    Pada tahun 2024, terdapat pengangkatan kembali anggota           In 2024, there were reappointment of members of the Board
    Dewan Komisaris yaitu Ali Gunawan sebagai Komisaris              of Commissioners, namely Ali Gunawan as Independent
    Independen dan Agit Atriantio sebagai Komisaris dikarenakan      Commissioner and Agit Atrianto as Commissioner because
    jabatannya berakhir pada penutupan RUPS Tahunan Tahun            their term ended upon the closing of the Annual GMS for the
    Buku 2023 yang diselenggarakan pada tahun 2024. Dengan           2023 Fiscal Year organized in 2024. Therefore, the composition
    demikian, komposisi Dewan Komisaris adalah sebagai berikut:      of the Board of Commissioners is as follows:

    •   Komisaris Utama: Dharmadi                                    •   President Commissioner: Dharmadi
    •   Komisaris: Rahmat Hanafi                                     •   Commissioner: Rahmat Hanafi
    •   Komisaris Independen: Ali Gunawan                            •   Independent Commissioner: Ali Gunawan
    •   Komisaris Independen: Abhan                                  •   Independent Commissioner: Abhan
    •   Komisaris: Agit Atriantio                                    •   Commissioner: Agit Atriantio

    PENUTUP                                                          CLOSING REMARKS

    Dewan Komisaris menyampaikan apresiasi yang kepada               The Board of Commissioners expresses its sincere appreciation
    seluruh Pemegang Saham dan Pemangku Kepentingan atas             to all Shareholders and Stakeholders for their trust and support
    kepercayaan dan dukungannya terhadap GMF sepanjang               of GMF throughout 2024. GMF has closed the year with strong
    tahun 2024. GMF telah menutup tahun ini dengan pencapaian        financial and operational achievements, and we applaud the
    keuangan dan operasional yang kuat, dan kami mengapresiasi       Board of Directors, Management, and all Employees for their
    dedikasi serta kerja keras Direksi, Manajemen, dan seluruh       dedication and hard work. Looking ahead, we remain optimistic
    Karyawan. Ke depan, kami tetap optimis terhadap prospek          about GMF’s business prospects. Together, we will continue to
    bisnis GMF. Bersama-sama, kita akan terus mendorong inovasi,     foster innovation, enhance operational excellence, and create
    meningkatkan keunggulan operasional, dan menciptakan nilai       sustainable value as we embark on another year of progress
    berkelanjutan seiring dengan langkah menuju tahun yang penuh     and achievements.
    kemajuan dan pencapaian.
                                                        Tangerang, 14 Mei 2025
                                                        Tangerang, May 14, 2025

                                                     Atas nama Dewan Komisaris
                                                On behalf of the Board of Commissioners




                                                            DHARMADI
                                                           Komisaris Utama
                                                        President Commissioner


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                                                        ANDI FAHRURROZI
                                                              Direktur Utama
                                                                         CEO




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                                                                                            Laporan Direksi
                                                                                 Board of Directors’ Report


    Pemegang Saham dan Pemangku Kepentingan yang Terhormat,              To Our Esteemed Shareholders and Stakeholders,

    Tahun 2024 telah menjadi tahun dengan kinerja yang kuat dan          The year 2024 has been a period of strong performance and
    kemajuan signifikan bagi GMF. Meskipun menghadapi dinamika           significant progress for GMF. Despite having through a dynamic
    industri yang menantang, Perseroan berhasil menjalankan              industry situation, the Company has successfully executed its
    inisiatif strategisnya dengan baik, menghasilkan pencapaian          strategic initiatives, resulting in solid financial and operational
    keuangan dan operasional yang solid.                                 achievements.

    DAMPAK KONDISI EKONOMI                                               IMPACT OF ECONOMIC AND
    DAN INDUSTRI TERHADAP                                                INDUSTRIAL CONDITIONS ON
    KINERJA PERSEROAN                                                    COMPANY PERFORMANCE

    Direksi menilai bahwa kondisi umum pada tahun 2024 adalah            The Board of Directors views the general situation in 2024 as
    positif, dengan perekonomian Indonesia yang terus tumbuh             positive, with Indonesia’s economy maintaining a steady growth
    secara stabil. Fondasi ekonomi yang kuat serta lingkungan            trajectory. A strong economic foundation and a supportive
    bisnis yang kondusif turut mendukung kinerja positif sektor          business environment supported the aviation sector’s positive
    penerbangan, yang terlihat dari meningkatnya permintaan              performance, as evidenced by the increasing demand for air
    perjalanan udara, terutama selama musim puncak seperti libur         travel, particularly during peak seasons such as school holidays,
    sekolah, hari raya keagamaan, dan periode haji.                      religious festivities, and the Hajj period.

    Secara nasional, transportasi udara penumpang mencatat               Nationally, passenger air transport recorded a 5.70% (c-to-c)
    pertumbuhan 5,70% (c-to-c) berdasarkan data Badan Pusat              growth, according to the Central Statistics Agency (BPS).
    Statistik (BPS). Selain itu, laporan Air Passenger Market Analysis   Additionally, the Air Passenger Market Analysis by IATA (2024)
    IATA (2024) menunjukkan bahwa lalu lintas udara komersial            reported that global commercial air traffic continued its post-
    global terus mengalami pemulihan pascapandemi dan mendekati          pandemic recovery, approaching pre-pandemic levels. This
    tingkat sebelum pandemi. Tren positif ini memberikan dampak          upward trend significantly contributed to the expansion of
    signifikan terhadap pertumbuhan industri MRO, termasuk               the MRO industry, including GMF’s business performance.
    kinerja GMF. Dengan momentum pasar yang positif, GMF                 With the market’s positive momentum, GMF has a significant
    memiliki peluang besar untuk memperkuat posisinya di industri        opportunity to strengthen its position in the Indonesian MRO
    MRO Indonesia dan memperluas jangkauan pasarnya.                     industry and expand its market reach.

    Di tengah kondisi yang positif ini, tantangan tetap ada,             However, alongside these favorable conditions, challenges
    terutama dalam disrupsi rantai pasok, yang masih menjadi isu         persisted, particularly in supply chain disruptions, which have
    utama dalam beberapa tahun terakhir. Tekanan finansial pada          remained a key issue in recent years. Financial pressures on
    pemasok komponen pesawat yang mempengaruhi ketersediaan              aircraft component suppliers which affected the availability of
    suku cadang dan kelangkaan tenaga kerja yang berpotensi              parts availability and labor shortages pose a potential impact to
    memberikan dampak pada efisiensi layanan MRO dan waktu               MRO service efficiency and job completion duration. Despite
    penyelesaian pekerjaan. Meskipun menghadapi situasi industri         this dynamic landscape of opportunities and challenges, GMF
    yang dinamis dengan berbagai peluang dan tantangan, GMF              successfully navigated 2024, delivering strong performance
    berhasil melewati tahun 2024 dengan baik, mencatatkan kinerja        and solidifying its market presence.
    yang kuat, serta semakin memperkuat kehadirannya di pasar.




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 PERAN DIREKSI DALAM                                                  THE ROLE OF THE BOARD OF DIRECTORS
 PENENTUAN DAN PENGENDALIAN                                           IN DETERMINING AND CONTROLLING
 PENERAPAN STRATEGI USAHA                                             BUSINESS STRATEGY IMPLEMENTATION

 Sebagai Direksi, kami memainkan peran penting dalam                  As the Board of Directors, we play a crucial role in shaping
 membentuk arah jangka panjang dan pertumbuhan bisnis                 GMF’s long-term direction and business growth through the
 GMF melalui Rencana Jangka Panjang Perusahaan (RJPP)                 Corporate Long-Term Plan (RJPP) and the Annual Corporate
 dan Rencana Kerja dan Anggaran Perusahaan (RKAP). Dalam              Budget Plan (RKAP). In formulating these strategies, we ensured
 merumuskan strategi ini, kami memastikan keselarasan dengan          a comprehensive analysis of both external and internal factors
 unit bisnis terkait, sehingga tercipta pendekatan yang terpadu       was first conducted, with the aim of developing an appropriate
 dalam mencapai tujuan Perseroan, yang pada akhirnya dapat            and sustainable strategy for the Company’s continuity. Following
 dieksekusi secara efektif dan optimal.                               this, alignment with relevant business units was ensured, resulting
                                                                      in an integrated approach to achieving the Company’s objectives,
                                                                      which can ultimately be executed effectively and optimally.

 Dalam memastikan implementasi strategi yang efektif, kami            To ensure effective execution, we followed a structured
 menerapkan proses pemantauan dan evaluasi terstruktur, serta         monitoring and evaluation process and implemented the system
 menjalankan sistem korporasi secara menyeluruh. Implementasi         thoroughly. Strategy implementation is reviewed monthly
 strategi ditinjau setiap bulan melalui Rapat Tinjauan Bulanan        through Corporate Monthly Review Meetings, attended by
 Korporasi yang dihadiri oleh Direksi dan Vice President. Selain      the Board of Directors and Vice Presidents. Additionally, every
 itu, setiap triwulan, GMF menerbitkan Laporan Manajemen              quarter, GMF publishes a Quarterly Management Report, which
 Triwulan, yang berisi pencapaian dan progres terhadap target         details the progress and achievement of RKAP targets. This
 RKAP. Laporan ini kemudian divalidasi oleh Direksi dan Dewan         report is then validated by the Board of Directors and the Board
 Komisaris, guna memastikan transparansi dan akuntabilitas.           of Commissioners, ensuring transparency and accountability.

 Selain tinjauan yang terstruktur, Direksi juga secara aktif          Beyond structured reviews, the Board of Directors actively
 mengawasi pelaksanaan strategi melalui Rapat Direktorat              oversees strategic implementation through weekly Directorate
 Mingguan, yang memungkinkan pemantauan berkelanjutan                 Meetings, allowing for continuous monitoring and prompt
 serta pengambilan keputusan yang cepat untuk mengatasi               decision-making to address any operational challenges. Through
 tantangan operasional. Melalui mekanisme ini, kami memastikan        these mechanisms, we have ensured that GMF remains on
 GMF tetap berada di jalur yang tepat dalam mencapai tujuan           track in achieving its strategic goals while adapting to evolving
 strategis korporasi, sekaligus beradaptasi dengan dinamika           industry dynamics.
 industri yang terus berkembang.

 STRATEGI MERAIH PELUANG USAHA                                        STRATEGY TO ACHIEVE
                                                                      BUSINESS OPPORTUNITIES

 Sebagai respons terhadap dinamika industri penerbangan dan           In response to the evolving situation of the aviation and MRO
 MRO, Perseroan telah menerapkan strategi yang terstruktur            industries, GMF has implemented well-structured strategies
 dengan baik untuk mengoptimalkan peluang bisnis sekaligus            to optimize business opportunities while ensuring sustainable
 memastikan profitabilitas yang berkelanjutan. Strategi ini           profitability. These strategies were carefully formulated by
 dirumuskan secara cermat oleh Direksi dan disahkan dalam             the Board of Directors and approved as part of the 2024
 Rencana Kerja dan Anggaran Perusahaan (RKAP) 2024. Dengan            Corporate Budget and Business Plan (RKAP). With a focus on
 fokus pada ketahanan operasional dan keuangan, prioritas             operational and financial resilience, our strategic priorities for
 strategis kami pada tahun 2024 mencakup tiga aspek utama:            2024 centered on three key areas: profitability enhancement,
 peningkatan profitabilitas, restrukturisasi utang dan optimasi       debt restructuring and cash flow optimization, and equity
 arus kas, serta perbaikan ekuitas.                                   improvement.

 Dalam mendorong peningkatan profitabilitas, kami menerapkan          To drive profitability enhancement, we implemented operational
 inisiatif keunggulan operasional di seluruh segmen bisnis. Upaya     excellence initiatives across all business segments. This involved
 ini mencakup optimasi perencanaan perawatan, peningkatan             optimizing maintenance planning, improving service quality,
 kualitas layanan, efisiensi biaya, penguatan manajemen rantai        streamlining costs, strengthening supply chain management,
 pasok, dan pengembangan kompetensi SDM. Selain itu, kami             and enhancing workforce competencies. Additionally, we
 juga meningkatkan pendapatan dengan memperluas pangsa                focused on increasing revenue streams by expanding our share
 pasar dari pelanggan yang sudah ada serta menarik pelanggan          of wallet with current customers and acquiring new customers,
 baru, terutama dari maskapai di luar grup. Lebih lanjut, kami juga   particularly from non-group affiliation. Furthermore, we actively
 aktif melakukan diversifikasi bisnis, terutama di segmen Power       pursued business diversification, particularly in Power Services



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    Services & Government, dengan menjalin kemitraan strategis          & Government segments, leveraging strategic partnerships and
    serta kolaborasi dengan pemangku kepentingan terkait guna           stakeholder collaboration to expand our market reach.
    memperluas jangkauan pasar.

    Dalam menjaga stabilitas keuangan, kami menjalankan                 In ensuring financial stability, we executed debt restructuring
    program restrukturisasi utang dan optimasi arus kas.                and cash flow optimization initiatives. This included the
    Langkah ini mencakup restrukturisasi pinjaman jangka                finalization of both long-term and short-term bank loans
    panjang dan jangka pendek dari perbankan serta optimalisasi         restructuring and optimizing vendor obligation settlements.
    penyelesaian kewajiban kepada vendor. Selain itu, kami              Additionally, we refined our cash flow management by aligning
    memperkuat manajemen arus kas dengan menyesuaikan                   operational cash allocations, implementing self-project
    alokasi kas operasional, menerapkan self-project financing, serta   financing, and utilizing operating cash to support business
    memanfaatkan dana operasional untuk mendukung kebutuhan             needs and strategic investments.
    bisnis dan investasi strategis.

    Demi memperkuat posisi keuangan GMF, kami juga                      To strengthen GMF’s financial position, we also implemented
    melaksanakan program perbaikan ekuitas antara lain dengan           an equity improvement program, including a non-cash
    penambahan modal non-tunai dari PT Garuda Indonesia                 capital injection from PT Garuda Indonesia (Persero) Tbk as
    (Persero) Tbk sebagai pemegang saham pengendali berupa              the controlling shareholder, in the form of contributions of
    penyertaan Hangar, Workshop dan fasilitas operasional               a Hangar, Workshop, and other MRO operational facilities,
    MRO lainnya yang direalisasikan melalui mekanisme rights            which was realized through a rights issue mechanism with
    issue dengan Hak Memesan Efek Terlebih Dahulu (HMETD),              Pre-emptive Rights (HMETD), accompanied by additional
    dan disertai oleh penambahan modal oleh pemegang saham              capital contributions from other shareholders. In addition
    lainnya. Selain ketiga strategi utama tersebut, GMF juga terus      to those three main strategies, GMF continues to strengthen
    memperkuat kemitraan dengan maskapai, MRO, dan Original             partnerships with airlines, MROs, and Original Equipment
    Equipment Manufacturers (OEMs). GMF juga berencana untuk            Manufacturers (OEMs). GMF also plans to develop its business
    melakukan pengembangan bisnis melalui kerjasama strategis           through strategic collaborations with relevant parties, including
    dengan pihak terkait antara lain mengenai pengembangan bisnis       the development of landing gear business and exploring other
    landing gear serta menjajaki kerjasama lainnya terkait peluang      partnerships related to new opportunities in Engine Shop,
    baru di Engine Shop, Airframe maintenance, dan diversifikasi        Airframe maintenance, and diversification into the Government
    ke sektor Government serta Industrial Gas Turbine Engine.           and Industrial Gas Turbine Engine sectors.

    STRATEGI PERSEROAN                                                  COMPANY STRATEGY IN OVERCOMING
    MENGHADAPI TANTANGAN                                                BUSINESS CHALLENGES

    Sepanjang tahun 2024, GMF menghadapi berbagai tantangan             Throughout 2024, GMF encountered several major challenges
    besar yang mempengaruhi industri MRO global, termasuk               that impacted by the global MRO industry, including supply
    disrupsi rantai pasok, kekurangan tenaga kerja, dan kendala         chain disruptions, labor shortages, and financial constraints.
    keuangan. Merespon tantangan-tantangan tersebut, Direksi            In response, the Board of Directors implemented a series of
    menerapkan serangkaian langkah strategis untuk mengatasi            strategic measures to mitigate these challenges and ensure the
    tantangan ini dan memastikan pertumbuhan serta daya saing           Company’s continued growth and competitiveness.
    Perseroan tetap terjaga.

    Disrupsi rantai pasok menjadi perhatian utama pada tahun            Supply chain disruptions remained a primary concern in 2024,
    2024, yang disebabkan oleh keterbatasan pasokan material dan        coming from limited availability of materials and spare parts,
    suku cadang. Kondisi ini semakin diperburuk oleh ketegangan         worsened by geopolitical tensions such as the Russia-Ukraine
    geopolitik, seperti konflik Rusia-Ukraina dan instabilitas          conflict and instability in the Middle East, which led to higher
    di Timur Tengah, yang menyebabkan kenaikan harga dan                costs and procurement delays. This situation required GMF to
    keterlambatan pengadaan. Situasi ini mengharuskan GMF               carefully manage its cash flow, particularly regarding substantial
    untuk mengelola arus kas secara hati-hati, terutama dalam           advance payments for parts with uncertain delivery times.
    pembayaran uang muka dalam jumlah besar untuk suku cadang
    yang kedatangannya tidak pasti.

    Dalam mengatasi disrupsi rantai pasok, kami meningkatkan            To mitigate supply chain disruptions, we enhanced our planning
    proses perencanaan dengan melakukan evaluasi berkala                processes by conducting regular evaluations and standardizing
    dan standarisasi perencanaan perawatan. Selain itu, GMF             maintenance planning. We also optimized our material
    mengoptimalkan strategi pengadaan material melalui sistem           procurement strategy through consignment and Just in Time
    consignment dan Just in Time (JIT) untuk memastikan                 (JIT) inventory systems, ensuring efficient stock management.
    manajemen stok yang lebih efisien. Kami juga memperkuat             Additionally, we strengthened supplier partnerships by


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 kemitraan dengan pemasok dengan menegosiasikan syarat             negotiating favorable payment terms and credit limits while
 pembayaran dan batas kredit yang lebih menguntungkan, serta       increasing in-house repair capabilities to reduce dependency
 meningkatkan kapabilitas perbaikan in-house guna mengurangi       on external suppliers.
 ketergantungan terhadap pemasok eksternal.

 Dalam menghadapi kekurangan tenaga kerja, GMF secara              In terms of labor shortages, GMF proactively managed its
 proaktif mengelola perencanaan kebutuhan SDM dengan               workforce planning, ensuring the timely recruitment of skilled
 memastikan pemenuhan tenaga kerja yang tepat waktu. Kami          personnel. We also established partnerships with various human
 juga menjalin kemitraan dengan berbagai lembaga penyedia          resource institutions and training providers to strengthen our
 tenaga kerja dan institusi pelatihan untuk memperkuat pipeline    talent pipeline, ensuring a steady supply of qualified technicians
 talenta, sehingga memastikan pasokan teknisi yang berkualitas     to support our long-term growth.
 untuk mendukung pertumbuhan jangka panjang Perseroan.

 Selain itu, GMF juga melaksanakan pengembangan SDM secara         In addition, GMF also carries out continuous human capital
 berkelanjutan dengan fokus pada peningkatan pengetahuan,          development with a focus on enhancing knowledge, skills, and
 keterampilan, dan sikap. Program dilakukan melalui pelatihan      attitude. The programs are implemented through structured
 terstruktur dan rencana pengembangan individu. Evaluasi           training and individual development plans. Competency
 kompetensi juga dilakukan secara berkala untuk memastikan         evaluations are also conducted regularly to ensure alignment
 kesesuaian dengan kebutuhan bisnis dan tuntutan industri.         with business needs and industry demands.

 PENCAPAIAN TARGET PERSEROAN                                       ACHIEVEMENT OF COMPANY TARGETS

 Pada tahun 2024, GMF berhasil mencatat kinerja keuangan           In 2024, GMF successfully delivered strong financial and
 dan operasional yang kuat, menunjukkan efektivitas inisiatif      operational performance, demonstrating the effectiveness of
 strategis korporasi dalam meraih peluang bisnis dan mengatasi     its strategic initiatives in capturing business opportunities and
 tantangan industri.                                               overcoming industry challenges.

 Pelaksanaan strategi yang terstruktur dengan baik                 The execution of well-structured strategies enabled the
 memungkinkan Perseroan untuk melampaui target keuangan            Company to exceed its financial targets and achieve profitability
 dan mencapai profitabilitas demi kesuksesan jangka panjang.       for long-term success. From a financial perspective, GMF
 Dari perspektif keuangan, GMF membukukan laba bersih              recorded a net profit of USD26.90 million, surpassing the
 sebesar USD26,90 juta, melampaui target sebesar USD17,37          target of USD17.37 million by 155% and higher than last year’s
 juta dengan pencapaian 155% serta lebih tinggi 33,38%             achievement by 33.38%. Net profit was achieved because of
 dibandingkan dengan pencapaian tahun sebelumnya. Laba             strong revenue performance at USD421,22 million, higher by
 bersih ini didorong oleh kinerja pendapatan yang kuat, mencapai   12.87% compared to last year’s achievement.
 USD 421,22 juta, atau 12,87% lebih tinggi dibandingkan
 pencapaian tahun sebelumnya.

 Keberhasilan ini merupakan hasil dari kombinasi restrukturisasi   This achievement was driven by a combination of operational
 operasional, peningkatan efisiensi, dan pertumbuhan bisnis        restructuring, efficiency improvements, and business growth
 di segmen utama. Optimalisasi perencanaan perawatan,              across key segments. The optimization of maintenance planning,
 peningkatan kualitas layanan, dan upaya pengurangan biaya         enhancement of service quality, and cost reduction efforts
 berkontribusi pada peningkatan hasil keuangan. Selain itu,        contributed to improved financial results. Additionally, revenue
 pertumbuhan pendapatan di segmen Group Airlines (GA)              growth in both Group Affiliation (GA) and Non-Group Affiliation
 dan Non-Group Airlines (NGA) juga berperan penting dalam          (NGA) segments played a crucial role in strengthening the
 memperkuat kinerja Perseroan secara keseluruhan.                  Company’s overall performance.

 Kemampuan GMF dalam mengatasi gangguan rantai pasok,              The Company’s ability to navigate supply chain disruptions,
 mengatasi kekurangan tenaga kerja, serta memperbaiki posisi       address workforce shortages, and improve its equity position
 ekuitas semakin memperkuat ketahanan dan keunggulan               further reinforced its resilience and competitive advantage in
 kompetitifnya di industri MRO. Dengan fondasi keuangan yang       the MRO industry. With a strong financial foundation and a
 kuat serta strategi yang dieksekusi dengan baik, GMF berada       well-executed strategic plan, GMF is well-positioned to sustain
 pada posisi yang tepat untuk mempertahankan pertumbuhan           its growth trajectory and expand its market reach.
 bisnis dan memperluas pangsa pasar di masa depan.




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    PROSPEK USAHA                                                    BUSINESS PROSPECTS

    Menghadapi tahun 2025, GMF tetap optimis terhadap prospek        Facing 2025, GMF remains optimistic about business prospects
    bisnis meskipun industri penerbangan menghadapi tantangan        despite the dynamic challenges in the aviation industry. The
    yang dinamis. Proyeksi pertumbuhan ekonomi Indonesia oleh        World Bank’s projection of Indonesia’s economic growth at
    Bank Dunia sebesar 5,1%, yang mendekati target pemerintah        5.1%, which is close to the government’s target of 5.2%, reflects
    sebesar 5,2%, mencerminkan kondisi makroekonomi yang             a stable macroeconomic outlook that is expected to support
    stabil dan diharapkan dapat mendukung pertumbuhan industri       business and industrial growth.
    dan bisnis.

    Industri penerbangan akan menghadapi tekanan dari tingginya      The aviation industry will have to face pressures from high
    biaya operasional, fluktuasi nilai tukar, kenaikan harga bahan   operating costs, fluctuating exchange rates, rising aviation fuel
    bakar penerbangan (avtur), serta gangguan rantai pasok yang      (avtur) prices, and supply chain disruptions impacting aircraft
    berdampak pada ketersediaan suku cadang pesawat. Indonesia       spare parts availability. The Indonesia National Air Carrier
    National Air Career Association (INACA) juga menyoroti           Association (INACA) has also highlighted challenges related
    tantangan terkait regulasi batas tarif tiket, bea masuk suku     to ticket price regulations, import duties on spare parts, and
    cadang pesawat, serta backlog pemeliharaan pesawat, yang         a backlog of aircraft maintenance needs, which could affect
    dapat memengaruhi kinerja industri secara keseluruhan.           overall industry performance. While air travel remains the
    Meskipun perjalanan udara tetap menjadi pilihan transportasi     most efficient mode of transportation across Indonesia’s vast
    paling efisien di Indonesia yang merupakan negara kepulauan,     archipelago, high costs continue to pose affordability challenges,
    tingginya biaya operasional menyebabkan harga tiket pesawat      impacting passenger growth.
    yang mahal, sehingga menghambat pertumbuhan jumlah
    penumpang.

    Terlepas dari tantangan tersebut, industri MRO global masih      Despite these challenges, the global MRO industry presents
    memiliki peluang besar. Sebagai MRO nasional terkemuka           significant opportunities, and GMF, as Indonesia’s leading
    dengan reputasi global, GMF berada pada posisi yang tepat        national MRO with a global reputation, is well-positioned to
    untuk menangkap peluang ini. Dengan membangun momentum           capture this potential. Building on the solid progress achieved
    positif dari pencapaian tahun 2024, GMF akan fokus pada          in 2024, GMF will focus on strengthening its core business and
    penguatan bisnis inti dan mendorong pertumbuhan yang             driving diversified growth under the theme “Strengthen Core
    terdiversifikasi dengan mengusung tema "Strengthen Core          and Drive Diversified Growth.” This strategy is supported by
    and Drive Diversified Growth." Strategi ini didukung oleh lima   five key initiatives:
    inisiatif utama:
    1. Transformasi Operasional (QCD & People): GMF akan             1. Operational Transformation (QCD & People): GMF will
         terus meningkatkan Quality, Cost, and Delivery (QCD)           continue to improve Quality, Cost, and Delivery (QCD) by
         dengan meningkatkan efisiensi perawatan, mengoptimalkan        enhancing maintenance efficiency, optimizing supply chain
         manajemen rantai pasok, serta berinvestasi dalam               management, and investing in workforce competencies.
         pengembangan kompetensi SDM.
    2. Optimasi Arus Kas: GMF akan mengoptimalkan arus kas           2. Cash Flow Optimization: GMF will optimize cash flow to
         untuk mendukung kegiatan operasional, memperbaiki              support operational activities, improve liabilities, and ensure
         liabilitas, dan memastikan kesiapan investasi untuk            investment readiness for future growth.
         pertumbuhan ke depan.
    3. Peningkatan Ekuitas: GMF akan meningkatkan ekuitas            3. Equity Improvement: GMF will gradually enhance equity
         secara bertahap melalui langkah-langkah strategis              through strategic measures in accordance with applicable
         sesuai regulasi yang berlaku, guna memperkuat struktur         regulations, aiming to strengthen the Company’s capital
         permodalan dan rasio keuangan Perseroan.                       structure and financial ratios.
    4. Kemajuan Teknologi: GMF akan berinvestasi dalam               4. Technology Advancement: GMF will invest in advanced
         teknologi pemeliharaan yang canggih, otomatisasi, dan          maintenance technology, automation, and data-driven
         pengambilan keputusan berbasis data untuk meningkatkan         decision-making for enhancing operational performance.
         kinerja operasional.
    5. Pertumbuhan Bisnis yang Menguntungkan: Dalam                  5. Profitable Business Growth:To sustain long-term
         memastikan profitabilitas jangka panjang, GMF akan             profitability, GMF will focus on expanding its market reach
         memperluas pangsa pasar dengan memperkuat posisi di            by strengthening its position in core MRO services while
         layanan MRO inti serta melakukan diversifikasi ke segmen       diversifying into new business segments.
         bisnis baru.




                                                                                                                                          41
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Page 42
     Strategi ini dirancang untuk mencapai target yang telah            These strategies are designed to achieve the targets outlined in
     ditetapkan dalam Rencana Kerja dan Anggaran Perusahaan             the 2025 Corporate Work Plan and Budget (RKAP), formulated
     (RKAP) 2025, yang disusun berdasarkan dinamika pasar dan           based on market dynamics and industry trends. With a strong
     tren industri. Dengan arah strategis yang kuat dan komitmen        strategic direction and commitment to operational excellence,
     terhadap keunggulan operasional, GMF optimis dapat mencapai        GMF is confident to achieve next year’s target of USD416.93
     target pendapatan sebesar USD416,93 juta dan laba bersih           million in revenue and USD27.13 million in net profit.
     sebesar USD27,13 juta pada tahun 2025.

     TATA KELOLA DAN KEBERLANJUTAN:                                     CORPORATE GOVERNANCE AND
     BERKONTRIBUSI BAGI KESEJAHTERAAN                                   SUSTAINABILITY: CONTRIBUTING
     SOSIAL DAN PELESTARIAN                                             FOR THE SOCIAL WELL-
     LINGKUNGAN [2-14, 2-22, D.1]                                       BEING AND ENVIRONMENTAL
                                                                        CONSERVATION [2-14, 2-22, D.1]
     GMF berkomitmen untuk menerapkan Tata Kelola Perusahaan            GMF is committed to upholding Good Corporate Governance
     yang Baik (GCG) dan prinsip keberlanjutan, memastikan bahwa        (GCG) and sustainability principles, ensuring that all business
     seluruh aktivitas bisnis dijalankan secara transparan, adil, dan   activities are conducted transparently, fairly, and accountably.
     akuntabel.

     Keberlanjutan dan tata kelola merupakan bagian integral dari       Sustainability and governance are an integral part of our
     strategi korporasi, mencerminkan tanggung jawab GMF tidak          corporate strategy, reflecting our responsibility not only to
     hanya kepada pemegang saham, tetapi juga kepada karyawan,          shareholders but also to employees, customers, society, and
     pelanggan, masyarakat, dan lingkungan. Salah satu aspek utama      the environment. One of the key aspects of sustainability and
     dalam tata kelola dan keberlanjutan di GMF adalah sinergi yang     governance at GMF is the strong synergy between the Board
     kuat antara Direksi, Dewan Komisaris, pemegang saham, dan          of Directors, Board of Commissioners, shareholders, and
     pemangku kepentingan. Kolaborasi ini memastikan bahwa              stakeholders. This collaboration ensures that the Company’s
     pengelolaan, pengawasan, serta pengambilan keputusan               management, oversight, and strategic decision-making are
     strategis korporasi selaras dengan prinsip bisnis yang etis dan    aligned with ethical business principles and sustainability goals.
     tujuan keberlanjutan.

     Di luar kepatuhan terhadap regulasi, GMF percaya bahwa             Beyond regulatory compliance, GMF firmly believes that
     kesuksesan bisnis harus memberikan dampak sosial dan               business success must bring positive social and economic
     ekonomi yang positif. Sebagai perusahaan MRO terkemuka             contributions. As the leading MRO provider in Indonesia, GMF
     di Indonesia, GMF memiliki peran penting dalam menjaga             plays a crucial role in maintaining the reliability and safety
     keandalan dan keselamatan industri penerbangan nasional.           of the national aviation industry. By ensuring high-quality
     Melalui layanan perawatan, perbaikan, dan overhaul (MRO)           maintenance, repair, and overhaul (MRO) services, GMF
     yang berkualitas tinggi, GMF secara tidak langsung mendukung       indirectly supports national connectivity, economic growth,
     konektivitas nasional, pertumbuhan ekonomi, serta kelancaran       and the seamless movement of passengers and goods.
     pergerakan penumpang dan barang.

     Perseroan juga berkomitmen untuk meningkatkan nilai ekonomi        The Company is also committed to enhancing economic value
     bagi pemegang saham dan memperluas peluang bisnis. Selain          for shareholders and expanding business opportunities. In
     memperkuat layanan MRO penerbangan sebagai inti bisnis, GMF        addition to strengthening our core aviation MRO services,
     terus mengeksplorasi diversifikasi ke sektor non-penerbangan.      GMF continues to explore diversification into non-aviation
     Inisiatif strategis ini bertujuan untuk mengoptimalkan efisiensi   segments. These strategic initiatives are designed to optimize
     operasional dan profitabilitas jangka panjang, sehingga GMF        operational efficiency and long-term profitability, ensuring the
     dapat terus berkontribusi terhadap pembangunan ekonomi.            Company’s sustained contribution to economic development.

     GMF memahami bahwa upaya keberlanjutan harus melampaui             GMF acknowledges that sustainability efforts should extend
     operasi bisnis. Perusahaan aktif dalam program Tanggung            beyond business operations. The Company actively participates
     Jawab Sosial dan Lingkungan (TJSL/CSR) yang memberikan             in social and environmental responsibility (CSR) programs,
     manfaat bagi pemangku kepentingan internal maupun eksternal.       benefiting both internal and external stakeholders. For internal
     Bagi pemangku kepentingan internal, GMF memprioritaskan            stakeholders, GMF prioritizes Occupational Health and Safety
     Keselamatan dan Kesehatan Kerja (K3) guna menciptakan              (OHS), ensuring a safe and conducive working environment.
     lingkungan kerja yang aman dan kondusif. GMF mematuhi              GMF adheres to global and national aviation regulations set by
     regulasi nasional dan internasional dari DGCA Indonesia, FAA,      DGCA Indonesia, FAA, and other regulatory bodies of various
     dan otoritas penerbangan dari berbagai negara. GMF juga telah      countries. Additionally, GMF also has certified standards of
     memperoleh sertifikasi standar lingkungan dan manajemen            environmental and workplace safety management. This proves



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    keselamatan kerja sebagai bukti peningkatan berkelanjutan             how we continuously improving safety protocols to minimize
    dalam protokol keselamatan guna meminimalkan risiko bagi              risks for aircraft operation and our employees.
    operasional pesawat dan karyawan.

    Bagi pemangku kepentingan eksternal, program CSR GMF                  For external stakeholders, the Company’s CSR programs focus
    berfokus pada pengembangan masyarakat, antara lain:                   on various community development initiatives, including:
    1. Memberikan edukasi publik tentang bisnis MRO melalui               1. Opened opportunities for the public to learn about the
        kunjungan industri;                                                   MRO business through public visits;
    2. Mendukung dunia pendidikan dengan menyediakan                      2. Supported education by offering Field Work Practices and
        program Praktik Kerja Lapangan dan Tugas Akhir bagi                   Final Assignment opportunities;
        mahasiswa dan siswa;                                              3. Social contribution and community engagement through
    3. Berpartisipasi dalam program sosial dan kegiatan amal                  charity programs and philanthropic sponsorship.
        melalui berbagai inisiatif filantropi dan sponsorship.

    Meskipun Perseroan tidak menetapkan target keberlanjutan              Although the Company did not set specific sustainability targets
    khusus pada tahun 2024 selain pencapaian ekonomi, GMF                 in 2024 beyond economic achievements, GMF consistently
    secara konsisten berkontribusi terhadap peningkatan kualitas          contributes to improving the quality of education and economic
    pendidikan dan pembangunan ekonomi di berbagai daerah di              development in various regions of Indonesia. In 2024, GMF
    Indonesia. Pada tahun 2024, GMF menghabiskan Rp201,54                 invested Rp201.54 million in social initiatives, reinforcing its
    juta dalam berbagai inisiatif sosial, yang menegaskan komitmen        commitment to creating a positive social impact.
    Perseroan dalam menciptakan dampak sosial yang positif.

    Meskipun bisnis inti GMF tidak secara langsung terkait                Although GMF’s core business is not directly linked to
    dengan aktivitas lingkungan, Persreoan terus berupaya untuk           environmental activities, the Company actively seeks to
    meminimalkan dampak lingkungan melalui peningkatan efisiensi          minimize environmental impact by improving energy efficiency
    energi dan pengelolaan limbah. Inisiatif utama dalam bidang           and waste management. Key environmental initiatives include:
    lingkungan mencakup:
    1. Mengurangi konsumsi listrik dan energi guna meningkatkan           1. Reduced electricity and energy consumption to enhance
        efisiensi operasional;                                               operational efficiency;
    2. Mengelola limbah non-B3 (Bahan Berbahaya dan Beracun)              2. Implemented non-hazardous waste (B3) management to
        secara bertanggung jawab;                                            ensure responsible disposal;
    3. Menambah area hijau di dalam dan sekitar fasilitas                 3. Increased green areas within and around GMF’s operational
        operasional GMF;                                                     facilities;
    4. Menanam mangrove di Mauk, Tangerang, dengan                        4. Planted mangrove in Mauk, Tangerang by providing 545
        menyediakan 545 bibit pohon mangrove guna membantu                   mangrove tree seedlings to help reduce carbon emissions
        mengurangi emisi karbon di Indonesia.                                in Indonesia.

    Inisiatif-inisiatif ini sejalan dengan praktik terbaik global dalam   These initiatives align with global best practices in environmental
    tanggung jawab lingkungan, mencerminkan komitmen GMF                  responsibility, reflecting GMF’s commitment to reducing its
    dalam mengurangi jejak karbon dan mendukung industri                  carbon footprint and supporting a more sustainable aviation
    penerbangan yang lebih berkelanjutan.                                 industry.

    GMF menyadari bahwa keberlanjutan yang efektif                        GMF recognizes that effective sustainability governance
    membutuhkan peningkatan berkelanjutan. Perseroan tetap                requires continuous improvement. The Company remains
    berkomitmen untuk meningkatkan kesadaran keberlanjutan                committed to enhancing sustainability awareness across all
    di seluruh tingkatan organisasi. Salah satu tantangan utama           levels of the organization. One of the key challenges ahead is
    ke depan adalah meningkatkan keterlibatan dan kesadaran               increasing employee engagement and awareness regarding
    karyawan terhadap inisiatif keberlanjutan. Mengatasi                  sustainability initiatives. To address this, GMF will strengthen
    hal ini, GMF akan memperkuat komunikasi internal dan                  internal communication and training programs related to
    program pelatihan terkait keberlanjutan serta mendorong               sustainability. We will encourage greater employee participation
    partisipasi karyawan dalam inisiatif CSR. Perseroan juga akan         in CSR initiatives and develop long-term sustainability programs
    mengembangkan program keberlanjutan jangka panjang dengan             with measurable targets and broader impacts.
    target yang terukur dan dampak yang lebih luas.

    Lebih lanjut, dengan ratifikasi Peraturan Menteri BUMN                Furthermore, with the ratification of the Regulation of the
    Nomor PER-2/MBU/03/2023 tentang Pedoman Tata Kelola                   Minister of SOEs (PER-2/MBU/03/2023) on Governance
    dan Kegiatan Korporasi Signifikan, GMF semakin terdorong              Guidelines and Significant Corporate Activities, GMF is
    untuk meningkatkan kerangka tata kelola. Perseroan telah              further encouraged to enhance its governance framework.


                                                                                                                                                43
                                                                                                            PT Garuda Maintenance
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Page 44
     memperbarui beberapa piagam dan kebijakan agar selaras          The Company has already updated several charters and policies
     dengan regulasi baru ini serta tetap berkomitmen untuk terus    in alignment with the new regulation and remains committed
     menyempurnakan kebijakan dan prosedur guna memastikan           to continuously refining its policies and procedures to ensure
     praktik bisnis yang berkelanjutan dan bertanggung jawab.        sustainable and responsible business practices.

     KOMPOSISI ANGGOTA DIREKSI                                       COMPOSITION OF THE BOARD
                                                                     OF DIRECTORS MEMBERS

     Pada tahun 2024, tidak terjadi perubahan dalam komposisi        In 2024, there were no changes in the composition of members
     anggota Direksi. Dengan demikian, komposisi Direksi adalah      of the Board of Directors. Thus, the composition of the Board
     sebagai berikut:                                                of Directors is as follows:

     •    Direktur Utama: Andi Fahrurrozi                            •   CEO: Andi Fahrurrozi
     •    Direktur Base Operation: Irvan Pribadi                     •   Director of Base Operations: Irvan Pribadi
     •    Direktur Human Capital & Corporate Affairs: Pudjo          •   Director of Human Capital & Corporate Affairs: Pudjo
          Sarwoko                                                        Sarwoko
     •    Direktur Keuangan: Salusra Satria                          •   Director of Finance: Salusra Satria
     •    Direktur Line Operation: Mukhtaris                         •   Director of Line Operation: Mukhtaris

     PENUTUP                                                         CLOSING REMARKS

     Atas nama Direksi, kami menyampaikan apresiasi yang setinggi-   On behalf of the Board of Directors, we extend our deepest
     tingginya kepada Para Pemegang Saham dan Pemangku               appreciation to Shareholders and Stakeholders for the
     Kepentingan atas dukungan yang diberikan, Dewan Komisaris       support, the Board of Commissioners for recommendation
     atas rekomendasi dan arahannya, serta seluruh Karyawan          and directives, and Employees for hard work and strong
     atas kerja keras dan komitmen yang kuat. Dukungan dan           commitment. Your support and trust have been invaluable in
     kepercayaan Anda telah menjadi bagian yang tak ternilai         enabling GMF to grow. As we look ahead to 2025, we remain
     dalam mendorong pertumbuhan GMF. Menatap tahun 2025,            optimistic and committed to strengthening our core business,
     kami optimis dan berkomitmen untuk memperkuat bisnis inti,      driving diversified growth, and enhancing our contributions to
     mendorong pertumbuhan yang melalui diversifikasi, serta         society and the environment.
     meningkatkan kontribusi bagi masyarakat dan lingkungan.




                                                         Tangerang, 14 Mei 2025
                                                         Tangerang, May 14, 2025

                                                           Atas nama Direksi
                                                    On behalf of the Board of Directors




                                                        ANDI FAHRURROZI
                                                              Direktur Utama
                                                                   CEO




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                                      Laporan Manajemen
                                       Management Report




                                                           45
                            PT Garuda Maintenance
Laporan Terintegrasi 2024     Facility AeroAsia Tbk
Page 46
     Pernyataan Dewan Komisaris dan Direksi
     tentang Tanggung Jawab atas Laporan
     Terintegrasi 2024 PT Garuda Maintenance
     Facility Aero Asia Tbk
     Statement of the Board of Commissioners and the Board of
     Directors on the Responsibility for the 2024 Integrated Report
     of PT Garuda Maintenance Facility Aero Asia Tbk
     Kami yang bertandatangan di bawah ini menyatakan bahwa     We, the undersigned, declare that the information in the
     semua informasi dalam Laporan Terintegrasi PT Garuda       2024 Integrated Report of PT Garuda Maintenance Facility
     Maintenance Facility Aero Asia Tbk tahun buku 2024 sudah   Aero Asia Tbk is presented in its entirety and we are fully
     dimuat secara lengkap dan bertanggung jawab penuh atas     responsible for the correctness of the contents of the
     kebenaran isi Laporan Terintegrasi Perseroan. Demikian     Company’s Integrated Report. This statement is hereby made
     pernyataan ini dibuat dengan sebenar-benarnya.             truthfully.


                                                   Tangerang, 14 Mei 2025
                                                   Tangerang, May 14, 2025

                                                     Dewan Komisaris
                                                   Board of Commissioners




                                                          Dharmadi
                                            Komisaris Utama/Komisaris Independen
                                      President Commissioner/Independent Commissioner




                       Rahmat Hanafi                                                Ali Gunawan
                           Komisaris                                             Komisaris Independen
                          Commissioner                                         Independent Commissioner




                            Abhan                                                   Agit Atriantio
                      Komisaris Independen                                             Komisaris
                    Independent Commissioner                                          Commissioner




       ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                        Integrated Report 2024
Page 47
                                                                                                           Laporan Manajemen
                                                                                                            Management Report




                 Pernyataan Dewan Komisaris dan Direksi
                    tentang Tanggung Jawab atas Laporan
                Terintegrasi 2024 PT Garuda Maintenance
                                    Facility Aero Asia Tbk
        Statement of the Board of Commissioners and the Board of
     Directors on the Responsibility for the 2024 Integrated Report
                  of PT Garuda Maintenance Facility Aero Asia Tbk
    Kami yang bertandatangan di bawah ini menyatakan bahwa        We, the undersigned, declare that the information in the
    semua informasi dalam Laporan Terintegrasi PT Garuda          2024 Integrated Report of PT Garuda Maintenance Facility
    Maintenance Facility Aero Asia Tbk tahun buku 2024 sudah      Aero Asia Tbk is presented in its entirety and we are fully
    dimuat secara lengkap dan bertanggung jawab penuh atas        responsible for the correctness of the contents of the
    kebenaran isi Laporan Terintegrasi Perseroan. Demikian        Company’s Integrated Report. This statement is hereby made
    pernyataan ini dibuat dengan sebenar-benarnya.                truthfully.


                                                     Tangerang, 14 Mei 2025
                                                     Tangerang, May 14, 2025

                                                            Direksi
                                                       Board of Directors




                                                      Andi Fahrurrozi
                                                         Direktur Utama
                                                              CEO




                            Irvan Pribadi                                             Pudjo Sarwoko
                        Direktur Base Operation                           Direktur Human Capital & Corporate Affairs
                       Director of Base Operations                        Director of Human Capital & Corporate Affairs




                            Salusra Satria                                               Mukhtaris
                            Direktur Keuangan                                       Direktur Line Operation
                            Director of Finance                                    Director of Line Operation




                                                                                                                                47
                                                                                                 PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                          Facility AeroAsia Tbk
Page 48

          
Page 49
     PROFIL
PERUSAHAAN
   Company Profile
Page 50
     Informasi Umum dan Identitas Perusahaan
     General Information and Corporate Identity [GRI 2-1]



                              Nama Perusahaan                                                    Akronim
                              Company Name                                                       Acronym
                              PT Garuda Maintenance Facility Aero Asia Tbk                       GMF




                              Tanggal Pendirian                              Beroperasi Komersial
                              Date of Establishment                          Commercial Operation
                              26 April 2002 | April 26, 2002                 2002



                              Dasar Hukum Pendirian                            Status dan Badan Hukum
                              Legal Basis of Establishment                     Status and Legal Entity
                              Akta Pendirian No. 93 tanggal 26 April           GMF merupakan Perseroan Terbatas
                              2002, yang telah disahkan dari Menteri           (PT) yang memperdagangkan
                              Kehakiman dan Hak Asasi Manusia RI               sahamnya ke publik di bursa efek
                              dengan Surat Keputusan No. C-11685               sehingga menyandang status
                              HT.01.01.TH.2002 tanggal 28 Juni                 Perusahaan Terbuka (Tbk).
                              2002.                                            GMF is a Limited Liability Company
                              Deed of Establishment No. 93 dated               (PT) that offers its share to the public
                              April 26, 2002, which was ratified by the        through the stock exchange and
                              Minister of Justice and Human Rights             is therefore classified as a Public
                              Republic of Indonesia with Decree No.            Company (Tbk).
                              C-11685 HT.01.01.TH.2002 dated June
                              28, 2002.




                                        Tanggal Pencatatan di Bursa                         0,9%
                                        Listing Date on the Exchange                                                 10%

                                        Saham Perseroan dicatatkan di Bursa Efek
                                        Indonesia (BEI) pada tanggal 10 Oktober 2017.
                                        The Company’s shares are listed on the
                                        Indonesia Stock Exchange (IDX) on October
                                        10, 2017.
                                                                                                                      89,1%
                                        Bidang Usaha
                                        Business Fields                             Kepemilikan
                                                                                    Ownership
                                        Jasa Perawatan, Reparasi, dan
                                        Overhaul Pesawat Terbang                        PT Garuda Indonesia (Persero) Tbk.
                                                                                        Publik | Public
                                        Aircraft Maintenance, Repair, and
                                                                                        PT Aero Wisata
                                        Overhaul Services


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                                                                                                                 Profil Perusahaan
                                                                                                                  Company Profile




          Modal Dasar
          Authorized Capital
          Rp10.000.000.000.000,00 (sepuluh triliun Rupiah) yang terbagi atas
          100.000.000.000 (seratus miliar) saham dengan masing-masing saham bernilai
          Rp100,00 (seratus Rupiah).
          Rp10,000,000,000,000.00 (ten trillion Rupiah) divided into 100,000,000,000 (one
          hundred billion) shares of Rp100.00 (one hundred Rupiah) per share.

          Modal Ditempatkan dan Disetor Penuh
          Issued and Fully Paid Capital
          Modal Dasar Perseroan adalah sebesar Rp10.000.000.000.000,00 (sepuluh triliun
          Rupiah) yang terbagi atas 95.000.000.000 (sembilan puluh lima miliar) saham Seri A,
          masing-masing saham bernilai nominal Rp100,00 (seratus Rupiah) dan 20.000.000.000
          (dua puluh miliar) saham Seri B, masing-masing saham bernilai nominal Rp25,00 (dua
          puluh lima Rupiah).
          The company’s Authorized Capital is Rp10.000.000.000.000,00 (ten trillion Rupiah)
          which is divided into 95.000.000.000 (ninety five billion) Series A shares, each share has
          a nominal value of Rp100,00 (one hundred Rupiah) and 20.000.000.000 (twenty billion)
          Series B shares, each share has a nominal value of Rp25,00 (twenty five Rupiah).



                                                        Media Sosial
                                                        Social Media
                                                        YouTube         : GMF AeroAsia
                                                        LinkedIn        : GMF AeroAsia
                                                        Facebook        : GMF AeroAsia
                                                        Instagram       : @gmfaeroasia



                                            Kantor Pusat [OJK C.2]
                                            Head Office
                                            Lantai 2, Lobby Selatan Hangar 4
                                            PT Garuda Maintenance Facility Aero Asia Tbk
                                            Area Perkantoran Bandara Soekarno-Hatta, Kelurahan
                                            Pajang, Kecamatan Benda, Kota Tangerang, Banten
                                            15125

                                            Second Floor, South Lobby Hangar 4
                                            PT Garuda Maintenance Facility Aero Asia Tbk
                                            Soekarno-Hatta Airport Office Area, Pajang Village,
                                            Benda District, Tangerang City, Banten 15125

                                            Telepon | Phone
                                            +62 21 550 8717
                                            +62 21 550 8609

                                            Surel | Email
                                            corporatecommunications@gmf-aeroasia.co.id
                                            marketing@gmf-aeroasia.co.id



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Page 52
     Skala Usaha
     Business Scale [OJK C.3]


                                                          SKALA EKONOMI
                                                          ECONOMIC SCALE


       Jumlah Aset                                                            Jumlah Liabilitas
       Total Assets                                                           Total Liabilities



     USD424,63                                   juta | million             USD682,53                           juta | million



                                                          SKALA PEGAWAI
                                                          EMPLOYEE SCALE

                                                                            Berdasarkan Jenis Kelamin
       Jumlah Pegawai                                                                      By Gender
       Total Employees


       4.175
       orang | people
                            *Jumlah pegawai tercatat merupakan
                            pegawai tetap Perseroan di luar entitas anak.
                            *This is the total of the Company’s permanent
                            employees, excluding subsidiaries.
                                                                              3.715
                                                                              pria | male
                                                                                                  460
                                                                                                  perempuan | female


                                                                                                     ≥ 51
       17Vice
         President                  336 Manager                                                      393
                                                                                                     31-50
      102      Senior
               Manager             3.720            Staff                                            2.272
                                                                                                     ≤ 30

           Berdasarkan Jabatan                                              Berdasarkan Usia
                                                                                                     1.510
                    By Position                                             By Age


                                                                                                  Berdasarkan Status
    2       Doktoral (S3)
                            1.763            Diploma (D3)

                                                                            4.175
            Doctorate                        Diploma                                                       By Status


  161                         862
            Magister (S2)                    Sekolah Menengah Atas
            Master                           Senior High                    Karyawan Tetap
                                                                            Permanent Employee

1.387       Sarjana (S1)
            Bachelor


           Berdasarkan Pendidikan
                                                                            959
                                                                            Karyawan Tidak Tetap | Contract
                     By Education                                           Employee



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                                                                                 SKALA KEPEMILIKAN
                                Publik | Public                                             SAHAM
                                     10%                                             SHAREHOLDERS
                                                                                             SCALE


                                                                         PT Aero Wisata
                                                                         0,9%

                                                                                             KODE SAHAM
                                                                                             TICKER CODE

                                                                                                       GMFI
                                                                     PT Garuda Indonesia (Persero) Tbk
                                                                     89,1%




                                                                                SKALA OPERASIONAL
                                                                                OPERATIONAL SCALE




                       Lokasi Perawatan Line Maintenance
                                 Line Maintenance Station
                                                  Indonesia
                                                              69
                                                              Lokasi Perawatan Line Maintenance
                                                              Line Maintenance Station



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     Riwayat Singkat GMF
     A Brief History of GMF




     PENDIRIAN PERSEROAN                                             COMPANY ESTABLISHMENT

     Awal Pendirian Perseroan                                        The Company’s Establishment Journey
     Perjalanan PT Garuda Maintenance Facility Aero Asia Tbk         The history of PT Garuda Maintenance Facility Aero Asia Tbk
     (“Perseroan” atau “GMF”) berawal dari pembentukan Direktorat    (the “Company” or “GMF”) began with the establishment of
     Teknik Garuda Indonesia di tahun 1949. Setelah lebih dari       Garuda Indonesia’s Technical Directorate in 1949. After more
     empat dekade beroperasi sebagai salah satu divisi di bawah      than four decades of operating as one of the divisions under
     Garuda Indonesia, GMF berubah menjadi Strategic Business        Garuda Indonesia, GMF was transformed into the Strategic
     Unit Garuda Maintenance Facility (SBU-GMF) yang menangani       Business Unit Garuda Maintenance Facility (SBU-GMF), which
     seluruh aktivitas perawatan armada Garuda Indonesia.            handles all maintenance activities of Garuda Indonesia’s fleet.

     Pada tahun 2002, Garuda Indonesia melakukan ‘spin-off’          In 2002, Garuda Indonesia spun off SBU-GMF into a subsidiary.
     terhadap SBU-GMF. Peristiwa ini membuat Perseroan resmi         This event made the Company officially become a subsidiary of
     menjadi anak perusahaan Garuda Indonesia dengan nama PT         Garuda Indonesia, using PT Garuda Maintenance Facility Aero
     Garuda Maintenance Facility Aero Asia melalui Akta Pendirian    Asia as its name, under the Establishment Deed No. 93 of April
     No. 93 tanggal 26 April 2002 oleh Notaris Arry Supratno, S.H.   26, 2002, made by Notary Arry Supratno, S.H. The deed has
     Akta tersebut telah diubah dengan perubahan terakhir melalui    been changed several times with the latest amendment through
     Akta Pernyataan Keputusan Rapat Perubahan Anggaran Dasar        the Deed of Meeting Resolution of Articles of Association
     Nomor 5 tanggal 28 Oktober 2024 dan susunan pengurus            Amendment Number 5 dated Oktober 28, 2025, and its
     terakhir yang tercantum dalam Akta Pernyataan Keputusan         final management, which stipulated in the Deed of Meeting
     Rapat Nomor 12 tanggal 28 Juni 2024 oleh Notaris Shanti         Resolution Number 12 dated June 28, 2024, made by Notary
     Indah Lestari, S.H., M.Kn.                                      Shanti Indah Lestari, S.H., M.Kn. .

     Perkembangan Usaha                                              Business Development
     Sebagai MRO terdepan di Indonesia, GMF memiliki perawatan       As the leading MRO in Indonesia, GMF owns Line Maintenance
     Line Maintenance hingga Overhaul, perawatan dan perbaikan       including Overhaul, maintenance and repair of engines and
     mesin serta komponen, proses modifikasi, dan perbaikan kabin.   component, modification processes, and cabin refurbishment.
     Perseroan terus memperkuat bisnis utamanya dengan sejumlah      The Company continuously strengthens its core business by
     penambahan lini perawatan dan berbagai fasilitas berstandar     adding a number of additional maintenance services and various
     internasional.                                                  international standard facilities



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    PENAWARAN UMUM PERDANA                                        INITIAL PUBLIC OFFERING

    GMF resmi menjadi emiten pertama industri MRO di Indonesia    GMF officially became the first issuer of the MRO industry
    yang melakukan Penawaran Umum Perdana (Initial Public         in Indonesia to conduct an Initial Public Offering (IPO) to the
    Offering/IPO) kepada publik pada tanggal 2 Oktober 2017 dan   public on October 2, 2017, and its shares were officially listed
    secara resmi sahamnya tercatat di Bursa Efek Indonesia pada   on the Indonesia Stock Exchange on October 10, 2017. This
    tanggal 10 Oktober 2017. Momentum tersebut menjadi tonggak    momentum became an important milestone for the Company
    sejarah penting bagi Perseroan untuk semakin mengukuhkan      to further strengthen GMF’s position to become the Most
    posisi GMF untuk menjadi Most Valuable MRO Company.           Valuable MRO Company.

    PERUBAHAN NAMA PERSEROAN                                      CHANGE OF THE COMPANY’S NAME

    Sejak didirikan pada tanggal 26 April 2002, Perseroan         Since its establishment on April 26, 2002, the Company has
    tetap menggunakan nama PT Garuda Maintenance Facility         continued to use the name PT Garuda Maintenance Facility
    Aero Asia. Pada tanggal 10 Oktober 2017, Perseroan resmi      Aero Asia. On October 10, 2017, the Company officially listed
    memperdagangkan sahamnya di BEI sehingga menjadi              its shares on the Indonesia Stock Exchange (IDX), becoming a
    perseroan terbuka (Tbk) yang terlihat dari namanya menjadi    public company (Tbk), as reflected in its name change to PT
    PT Garuda Maintenance Facility Aero Asia Tbk.                 Garuda Maintenance Facility Aero Asia Tbk.




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     Jejak Langkah
     Milestones




     1949                                                   1984
     Pertama kali dibentuk sebagai Direktorat            Berawal dari Divisi Maintenance &
     Teknik Garuda Indonesia.                            Engineering (M&E) Garuda Indonesia.
     Established as a Directorate of                     Started to operate as the Division of
     Engineering of Garuda Indonesia.                    Maintenance & Engineering (M&E) of
                                                         Garuda Indonesia.




               2013                               2002                                 1998
          Penambahan dua bidang                  Spin-Off menjadi                  Berubah menjadi
          usaha baru, yaitu SBU Engine           Anak Perusahaan                   Strategic Business Unit
          Maintenance dan SBU IGTE,              dengan nama PT GMF                (SBU) GMF.
          serta pembangunan Hangar 4.            AeroAsia.                         Becoming a Strategic
          Developed SBU Engine                   Spun-Off and became               Business Unit GMF
          Maintenance and SBU IGTE               a Subsidiary under                (SBU-GMF).
          as two new business units and          the name of PT GMF
          constructing Hangar 4.                 AeroAsia.




               2015                              2016                                                 2017
          Mulai beroperasinya Hangar             Diresmikannya GMF menjadi                       Melakukan penawaran
          4 yang merupakan hangar                Pusat Logistik Berikat oleh                     perdana saham (initial public
          narrow body terbesar di dunia          Kementerian Keuangan.                           offering) kepada publik
          seiring dengan pertumbuhan             The Ministry of Finance                         sebesar 10% dari modal
          bisnis GMF dalam                       inaugurated GMF as a Bonded                     ditempatkan dan disetor
          mengembangkan kapasitas                Logistics Center. AeroAsia.                     penuh.
          perawatan pesawat.                                                                     Conducted an Initial Public
          Hangar 4 started to operate                                                            Offering (IPO) of shares that
          and became the world’s                                                                 amounted to 10% of the
          largest hangar for narrow-                                                             Company’s issued and fully
          body aircraft as GMF grew its                                                          paid capital.
          aircraft maintenance capacity.




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       2018                                     2019
    Mengawali kerja sama strategis
    dalam rangka pengembangan
    bisnis di dalam dan luar negeri.
    Initiated several strategic
    cooperation for business
                                                Dianugerahi penghargaan “Top
                                                9 Airframe MRO” oleh Aviation
                                                Week pada ajang Aviation
                                                Week Networks Editor’s Choice
                                                Award 2019.
                                                                                       2020
                                                                                       Dianugerahi penghargaan “Asia
                                                                                       MRO Airframe of The Year” oleh
    development, both domestically              Awarded as the “Top 9 Airframe         Aviation Week Network pada
    and internationally.                        MRO” by Aviation Week at               MRO Asia Pacific Awards 2020.
                                                the Aviation Week Networks             Awarded as the “Asia-MRO
                                                Editor’s Choice Award 2019.            Airframe of The Year” by the
                                                                                       Aviation Week Network at the
                                                                                       MRO Asia Pacific Awards 2020.



                        2023                             2022                          2021
                                                                                       Modernisasi pesawat Hercules
                                                                                       C130 pertama yang mencakup
                                                                                       pengerjaan replacement center
                                                                                       wing box dan avionic upgrade.
                      Kesepakatan konsorsium            Optimalisasi segmen            Conducted its first Hercules
                      pengerjaan perawatan              usaha Jasa Kalibrasi untuk     C130 job that covered the
                      helikopter Bell 412.              perawatan komponen.            improvement of the aircraft’s
                      A consortium agreement            Optimization of the            replacement center wing box
                      for maintenance work on           Calibration Services           and avionic upgrade.
                      Bell helicopters 412.             business segment for
                                                        component maintenance.




                                        2024
                                        Penambahan Modal dengan Hak Memesan Efek
                                        Terlebih Dahulu (PMHMETD) dalam rangka
                                        inbreng aset/fasilitas dari induk usaha kepada
                                        GMF.
                                        Capital Increase with Pre-emptive Rights for
                                        asset/facility inbreng from the parent company
                                        to GMF.




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     Visi, Misi, dan Nilai Perusahaan
     Vision, Mission, and Core Values [OJK C.1]


 Pada tahun 2024, GMF berada pada fase “Equity Improvement” untuk menjadi Most Valuable MRO Company.
 In 2024, GMF was at Equity Improvement phase of its vision to become the most valuable MRO Company.




          2020                      2021                     2022                    2023                    2024

          Strengthen Value         Imperative Business         Business                   MRO                    Equity
           Added Services             Enhancement             Restruction             Collaboration           Improvement



      •    Project Mapping &   •     Profitability       •   Debt Restruction    •   zero COPQ           •   Implementation of
           Prioritization            & Cashflow          •   Cost Efficiency     •   SBU Industrial          Debt Restruction
      •    Cost Efficiency &         Improvement         •   Date Quality            Solution            •   Cost Structure
           Effectiveness       •     Focus on high           Improvement         •   Implementation of       & Profitability
      •    Profitability             margin business,    •   Innovation and          Debt Restruction        align with MRO
           & Cashflow                military, IGTE          Continuous          •   Increase NGA            Standard
           Improvement         •     Additional Key          Improvement             customer Share of   •   New Kew Account
      •    Focus on high             Account Customer    •   Manpower                Optimalization          Cutomer
           margin business     •     IT Development          and Culture         •   Partnership with    •   Capacity
           military & IGTE           with no/low             Development             OEM/MRO                 Development
                                     investment                                                          •   Strategic
                                                                                                             Investment




 Visi dan Misi Perseroan telah ditetapkan dalam Rencana               Visi dan Misi Perseroan telah ditetapkan dalam Rencana
 Jangka Panjang Perusahaan (RJPP) yang disahkan tanggal               Jangka Panjang Perusahaan (RJPP) yang disahkan tanggal
 30 Desember 2020 yang kemudian telah disesuaikan                     30 Desember 2020 yang kemudian telah disesuaikan
 pada 27 September 2023, menghasilkan peta strategis                  pada 27 September 2023, menghasilkan peta strategis
 perkembangan bisnis secara komprehensif yaitu                        perkembangan bisnis secara komprehensif yaitu
 “GMF Roadmap 2020-2024”. Manajemen GMF telah melakukan               “GMF Roadmap 2020-2024”. Manajemen GMF telah melakukan
 kajian terhadap Visi dan Misi Perseroan yang dirasa masih            kajian terhadap Visi dan Misi Perseroan yang dirasa masih
 relevan dengan kondisi bisnis saat ini.                              relevan dengan kondisi bisnis saat ini.




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    Visi | Vision                                                           PENJELASAN VISI

                                                                            GMF telah mencapai salah satu target dalam
    Perusahaan MRO yang Paling Bernilai                                     pengembangan usaha yaitu melalui pengakuan sebagai
    Most Valuable MRO Company                                               global player MRO dengan menjadi Top 10 MRO pada tahun
                                                                            2019. Perjalanan Perseroan tidak berhenti sampai di situ.
                                                                            Perseroan akan terus meningkatkan nilai usaha di mata
                                                                            publik, internal dan eksternal, dengan mengembangkan
                                                                            kegiatan usaha yang lebih luas dan tidak hanya bergantung
                                                                            pada sektor aviasi.

                                                                            VISION EXPLANATION

                                                                            GMF has achieved one of its targets in business
                                                                            development by gaining recognition as a global MRO
                                                                            player, reaching the Top 10 MRO in 2019. The Company’s
                                                                            journey doesn’t end there. The Company is committed to
                                                                            further enhancing business value in the eyes of the public,
                                                                            both internally and externally, by diversifying its business
                                                                            activities beyond solely relying on the aviation sector.



                                                     Misi | Mission
      Solusi Perawatan Terintegrasi dan Handal Sebagai Kontribusi untuk Bangsa
             Integrated and Reliable Maintenance Solution as a Contribution to the Nation


    PENJELASAN MISI                                                    MISION EXPLANATION

    Demi mewujudkan misi tersebut, GMF meyakini bahwa setiap           To achieve this mission, GMF believes that every personnel
    insan GMF wajib mematuhi ketentuan berikut:                        must comply with the following conditions:
    1. Menjamin Kualitas Pekerjaan                                     1. Ensuring Work Quality
        Membangun sistem perawatan, termasuk penjadwalan,                  Building aircraft maintenance systems, including scheduling,
        material dan produksi, serta standarisasi yang ketat untuk         materials and production, as well as strict standardization
        menjamin tidak hanya kelaikan udara setiap pesawat                 to ensure the airworthiness of each aircraft management
        terbang tetapi juga seluruh pekerjaan lain yang ditanganinya       and other projects at a reasonable cost.
        dilakukan dengan biaya yang wajar.
    2. Gigih Meningkatkan Kemampuan                                    2. Persistent Increasing Ability
        Mengembangkan kemampuan teknis dan profesional                    Developing technical and professional capabilities of
        karyawan, meningkatkan fasilitas dan peralatan demi melayani      employees, improving facilities and equipment to serve
        pelanggan untuk memperoleh alternatif pendayagunaan               customers to obtain the best alternative aircraft utilization
        pesawat terbang terbaik yang dilakukan oleh tenaga                made by professionals with high morals and work ethics.
        profesional dengan akhlak dan etos kerja yang tinggi.
    3. Kerja sama Kelompok Serta Menghargai Kemampuan                  3. Group Collaboration and Respect for Individual Capabilities
        Individu
        Mendorong terciptanya semangat kerja sama kelompok dan             Encourage the creation of a spirit of group cooperation
        secara serius mengimplementasikan standar keamanan kerja           and seriously implement work safety standards to ensure
        demi menjamin keselamatan seluruh karyawan dan mencapai            the safety of all employees and achieve reliable work. GMF
        hasil kerja yang handal terpercaya. GMF menghargai dan             values and recognizes the unique contributions of each
        menyadari kontribusi unik setiap individu serta berupaya           individual and strives to create a climate of freedom to
        menciptakan iklim kebebasan untuk menyampaikan saran               politely submit advice and feedback.
        dan umpan balik dengan santun dan beradab.


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   4. Peduli Terhadap Kebutuhan Pelanggan                                  4. Caring About Customer Needs
      Melalui kerja sama yang erat dan penuh kepedulian terhadap              Through close and caring collaboration with customer needs
      kebutuhan pelanggan serta standar kerja yang tinggi, GMF                and high work standards, GMF is able to produce alternative
      mampu menghasilkan alternatif solusi perawatan pesawat                  aircraft maintenance solutions that are reliable while still
      terbang yang handal dengan tetap memenuhi standar aturan                meeting applicable regulatory standards.
      yang berlaku.
   5. Menjadi Warga Usaha yang Baik                                        5. Become a Good Business Citizen
      Menyadari bahwa kewajiban dan tanggung jawab sebagai                    Recognize that the obligations and responsibilities as good
      warga usaha yang baik mencakup lingkungan di mana GMF                   business citizens include the environment in which GMF
      beroperasi dan komunitas dunia yang lebih besar. GMF                    operates and the larger global community. GMF strives
      berupaya dengan sungguh-sungguh mengimplementasikan                     to seriously implement mutually beneficial principles,
      prinsip-prinsip yang saling menguntungkan, khususnya                    especially in terms of corporate governance, health, and
      dalam hal tata kelola perusahaan, kesehatan, dan pendidikan.            education.

   NILAI PERUSAHAAN                                                        CORPORATE VALUES

   Berdasarkan isi Surat Edaran Menteri BUMN Nomor: SE-7/                  Based on the contents of the Circular Letter of the Minister of
   MBU/07/2020 tanggal 1 Juli 2020 yaitu setiap BUMN, anak                 State-Owned Enterprise (SOE) Number: SE-7/MBU/07/2020
   perusahaan, dan perusahaan afiliasinya berkewajiban untuk               dated July 1, 2020, every SOE, its subsidiaries, and affiliated
   menerapkan Nilai-Nilai Utama (Core Values) Sumber Daya                  companies are obliged to implement the Core Values of SOE
   Manusia BUMN, yang disebut AKHLAK, menjadi Budaya                       Human Resources, which is called AKHLAK, become the
   Perusahaan (Corporate Culture). Sebagai anak usaha Badan                Corporate Culture. Therefore, as a subsidiary of the SOE, GMF
   Usaha Milik Negara (BUMN), GMF telah mengadopsi AKHLAK                  has adopted the values of AKHLAK as the Corporate Values
   sebagai Nilai Inti Perusahaan sejak 2020 hingga saat ini.               from 2020 until this moment.




    Amanah                 Kompeten                  Harmonis                     Loyal                   Adaptif                    Kolaboratif
  Trustworthy              Competent                 Harmony                      Loyal                   Adaptive                  Collaborative

  Memegang teguh           Terus belajar dan            Saling peduli          Berdedikasi dan           Terus berinovasi           Membangun kerja
  kepercayaan yang         mengembangkan              dan menghargai           mengutamakan           dan antusias dalam            sama yang sinergis
  diberikan dengan             kapabilitas,           perbedaan yang        kepentingan bangsa            menggerakkan                  dan terbuka
    berperilaku dan          terus menerus          diwujudkan dalam         dan negara dengan       ataupun menghadapi              dengan berbagai
   bertindak selaras         meningkatkan          bentuk berperilaku           menunjukkan            perubahan dengan             pihak, mendorong
  dengan perkataan,           kemampuan/          saling membantu dan       komitmen yang kuat         melakukan inovasi             terjadinya sinergi
  menjadi seseorang     kompentsi agar selalu      mendukung sesama            untuk mencapai            secara konsisten          untuk mendapatkan
yang dapat dipercaya        mutakhir, selalu          insan organisasi     tujuan, berkontribusi      untuk menghasilkan                manfaat dan
   dan bertanggung         dapat diandalkan       maupun masyarakat,             lebih dan rela           yang lebih baik,           nilai tambah, dan
jawab, dan bertindak     dengan memberikan          selalu menghargai         berkorban dalam           terbuka terhadap              bersinergi untuk
jujur serta berpegang     kinerja terbaik, dan      pendapat, ide atau        mencapai tujuan,       perubahan, bergerak              mencapai tujuan
  teguh kepada nilai     menghasilkan kinerja      gagasan orang lain,        dan menunjukkan           lincah, cepat, dan                bersama.
    moral dan etika       serta prestasi yang        serta menghargai        kepatuhan kepada           aktif dalam setiap         Collaborating openly
   secara konsisten.          memuaskan.         kontribusi setiap orang   organisasi dan negara.       perubahan untuk            with others, pushing
  Being accountable      Never stop learning        dari berbagai latar         Dedicated and          menjadi lebih baik,            to synergize for
      and have the      and improving, always            belakang.           putting the interest         serta bertindak           added benefits and
 integrity to do what       seek to improve        Care for others and       of the state and the         proaktif dalam             values to achieve
  was spoken, being     abilities/competencies     value differences by    country firstly beyond         menggerakkan                 common goals.
  someone who can         with current trend,       always helping and      others by showing a             perubahan.
 be trusted and have        being someone           supporting others       strong commitment        Constantly innovating
  the responsibility,     who can be trusted     within the organization        to achieve the        and excited to move
 act honestly, always     only because of his      and the community,          objective, giving      or face the changes
 adhere to moral and       performance, and        valuing the opinion       more contribution         to innovate for the
     ethical values.    deliver a performance     of others, their ideas         and willing to           best, accepting
                          that is satisfactory   and their propositions,    sacrifice in achieving   changes, moving with
                         and making splendid            appreciating         objective, showing       agility, quick-witted,
                              achievement.           what others have      the compliance to the       and being active in
                                                   contributed despite      organization and the      promoting changes.
                                                    their backgrounds.               state.




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    KEGIATAN MEMBANGUN                                                    ACTIVITIES TO BUILD A CULTURE
    BUDAYA KEBERLANJUTAN                                                  OF SUSTAINABILITY

    Perseroan telah memiliki seperangkat nilai dan budaya korporasi       The Company has established a set of corporate values and
    yang tidak terpisahkan dari penerapan operasional yang                culture that are integral to its operational implementation while
    juga memperhatikan aspek keberlanjutan. Budaya korporasi              also considering sustainability aspects. The corporate culture
    didasarkan pada prinsip-prinsip AKHLAK dan Perseroan                  is based on the AKHLAK principles, which the Company has
    mengamalkannya ke dalam praktik usaha yang berkelanjutan              translated to become sustainable business practices through
    melalui operasional MRO yang bertanggung jawab, strategi dan          responsible MRO operations, sustainable business strategies
    praktik bisnis yang berkelanjutan, manajemen risiko, tata kelola      and practices, risk management, good corporate governance,
    perusahaan yang baik, interaksi dengan pemangku kepentingan,          stakeholder engagement, inclusivity, and corporate social
    inklusivitas, serta tanggung jawab sosial perusahaan.                 responsibility.

    Prinsip-prinsip ini tertanam kuat dalam prinsip keberlanjutan         These principles are deeply embedded in the Company’s
    Perseroan, dan seluruh karyawan memastikan bahwa semua aspek          sustainability framework, ensuring that all employees align
    bisnis diselaraskan terhadap aspek ekonomi, lingkungan, dan sosial.   business activities with economic, environmental, and social
    Berdasarkan pada prinsip-prinsip ini, Perseroan berupaya untuk        aspects. Guided by these principles, the Company strives to
    menciptakan dampak positif bagi masyarakat dan lingkungan.            create a positive impact on society and the environment.

    Sejak Juli 2020, BUMN melakukan transformasi SDM dengan               Since July 2020, state-owned enterprises (SOEs) have been
    menyelaraskan nilai inti di seluruh keluarga besar BUMN dengan        undergoing a human capital transformation by aligning core
    tujuan supaya dapat merekatkan budaya kerja seluruh insan             values across the entire SOE family. This initiative aims to
    BUMN. Dalam menyelaraskan hal tersebut, GMF memiliki                  strengthen the work culture of all SOE personnel. In line with
    berbagai strategi dalam proses internalisasi nilai budaya yang        this alignment, GMF has implemented various strategies
    dianut sebagai bagian dari BUMN yaitu, AKHLAK.                        to internalize the corporate values adopted as part of SOE:
                                                                          AKHLAK.

    Hal yang paling mendasar dari proses tersebut adalah GMF              The fundamental aspect of this process is that GMF has
    memiliki pedoman berperilaku (Code of Conduct) yang dijadikan         established a Code of Conduct as a reference for all GMF
    acuan bagi seluruh insan GMF untuk dapat berperilaku                  personnel to ensure their behavior aligns with the values
    sesuai dengan nilai-nilai yang terkandung dalam AKHLAK.               embodied in AKHLAK. Additionally, GMF has introduced the
    Tidak hanya itu, GMF memiliki “GMF Spirit” sebagai kalimat            “GMF Spirit” as a complementary affirmation to AKHLAK,
    afirmasi pelengkap dari AKHLAK yang mendorong insan GMF               encouraging employees to contribute optimally to the Company.
    berkontribusi optimal bagi Perseroan.

    Beberapa diantaranya adalah You Do Matter (Anda berharga)             Some of these include “You do Matter,” which stems from
    yang merupakan turunan dari nilai Harmonis, I Empower                 the Harmonious value; “I Empower You,” derived from the
    You (Saya Memberikan Anda Kekuatan) yang merupakan                    Competent value; and “Together We Achieve More,” which
    turunan dari nilai Kompeten, dan Together We Achieve More             reflects the Collaborative value. These three cultural principles
    (Bersama Kita Mencapai Lebih) yang merupakan turunan dari             are further translated into eight behavioral principles that all
    nilai Kolaboratif. Ketiga budaya tersebut dijabarkan ke dalam         GMF personnel are required to uphold.
    delapan prinsip perilaku yang wajib diterapkan oleh insan GMF.        1. Value All Contributions: GMF personnel foster mutual
    1. Value All Contribution: Insan GMF memiliki sikap saling                respect among colleagues and refrain from self-righteous
        menghargai antar sesama Insan GMF dan tidak merasa                    or self-superior attitudes.
        diri sendiri benar/hebat.                                         2. Be Thoughtful and Caring: GMF personnel demonstrate
    2. Be Thoughtful and Caring: Insan GMF memiliki kepedulian                care for their surroundings and prioritize collective interests
        terhadap lingkungan dan mengurangi ego pribadi.                       over personal ego.
    3. Honor Integrity and Moral Value: Insan GMF memiliki                3. Honor Integrity and Moral Values: GMF personnel uphold
        kesadaran untuk selalu menjaga integritas, baik dalam                 integrity in both words and actions, ensuring ethical conduct
        perkataan maupun perbuatan.                                           at all times.
    4. Recognize Individual Potential : Insan GMF memiliki                4. Recognize Individual Potential: GMF personnel
        kesadaran akan pentingnya pengembangan keterampilan,                  acknowledge the importance of skill development for
        baik untuk diri sendiri maupun untuk anggota timnya dan               both themselves and their team members, committing to
        berkomitmen untuk terus belajar serta meningkatkan                    continuous learning and self-improvement.
        kemampuan.




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     5. Enable Growth and Accomplishment: Insan GMF memiliki           5. Enable Growth and Accomplishment: GMF personnel
        kesadaran terhadap pentingnya budaya inovasi dan                  recognize the importance of fostering a culture of
        perbaikan berkelanjutan dalam tiap aspek pekerjaannya,            innovation and continuous improvement in all aspects of
        eksplorasi teknologi baru, dan menerapkan praktik terbaik         their work. They explore new technologies and implement
        yang dapat meningkatkan efisiensi dan efektivitas kerja.          best practices to enhance efficiency and effectiveness.
     6. Celebrate Team Diversity: Insan GMF memiliki kesadaran         6. Celebrate Team Diversity: GMF personnel embrace a
        terhadap lingkungan yang beragam dan percaya bahwa                diverse work environment and believe that diversity
        keberagaman ini merupakan kekuatan untuk membangun                is a strength in building solid and productive working
        hubungan kerja yang solid dan produktif tanpa memandang           relationships, regardless of differences.
        perbedaan yang ada.
     7. Encourage Teamwork and Synergy: Insan GMF memiliki             7. Encourage Teamwork and Synergy: GMF personnel are
        kesadaran yang tinggi untuk memberikan hasil atau output          highly committed to delivering the best possible outcomes,
        pekerjaan yang terbaik sehingga kolaborasi dalam tim dan          recognizing that collaboration within teams and across the
        organisasi secara keseluruhan merupakan kunci untuk               organization is key to achieving shared goals.
        mencapai tujuan bersama
     8. Improve Effective Communication: Insan GMF terus               8. Improve Effective Communication: GMF personnel
        meningkatkan transparansi dalam situasi dan informasi di          continuously enhance transparency across the organization
        seluruh organisasi dengan memastikan bahwa informasi              by ensuring that shared information is relevant, accurate,
        yang disampaikan penting, relevan, akurat, serta memiliki         and essential. They also take responsibility for verifying the
        tanggung jawab untuk memverifikasi kebenaran setiap               accuracy of information before dissemination.
        informasi sebelum disebarluaskan.

     Selain itu, dalam upaya menciptakan lingkungan kerja yang         Additionally, as part of its commitment to establishing a safe
     aman, menghargai, dan melindungi harkat serta martabat            work environment that upholds respect and protects human
     manusia, GMF berkomitmen untuk mengedepankan sikap saling         dignity, GMF is dedicated to fostering mutual respect and
     menghormati, bebas dari diskriminasi, pengucilan, pembatasan,     ensuring a workplace free from discrimination, exclusion,
     kekerasan, perundungan, pelecehan, serta berbagai bentuk          restrictions, violence, bullying, harassment, and any other
     kekerasan lainnya, baik mental maupun fisik, yang dapat dialami   forms of physical or mental abuse that may affect employees
     oleh seluruh pegawai maupun pihak terkait lainnya. Komitmen       or other related parties. This commitment is reflected in the
     tersebut dituangkan melalui penyusunan kebijakan yang             development of policies aligned with AKHLAK values and
     selaras dengan nilai-nilai AKHLAK dan mendukung Kebijakan         supports the Respectful Workplace Policy within SOEs and
     Berperilaku Saling Menghargai di Tempat Kerja (Respectful         all its subsidiaries.
     Workplace Policy) di Lingkungan BUMN dan seluruh anak
     usahanya.




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                                                                                                                    Profil Perusahaan
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                                                                                   Logo Perusahaan
                                                                                                     Company Logo




                 Primary Element                                     Primary Element                   Primary Element
                 Garuda Indonesia Logogram                           GMF AeroAsia Logotype             Affiliation Signature



    Logo GMF AeroAsia dirancang dengan membawa nuansa                The logo of GMF AeroAsia is designed using the identity of
    identitas Garuda Indonesia, sebagai Perusahaan Induk, dengan     Garuda Indonesia, the Parent Company, with more than five
    rekam jejak selama lebih dari lima dekade di Indonesia.          decades of history in Indonesia.

    Logo GMF terdiri dari elemen-elemen primer yang mutlak           The GMF logo consists of primary elements that must appear
    harus muncul di sebagian besar aplikasi, yaitu simbol burung     in all communication applications and include the symbol of
    Garuda, garis cakrawala biru, logotype GMF AeroAsia dan          Garuda, the blue horizon line, the logotype of GMF AeroAsia,
    tagline Garuda Indonesia Group. Aplikasi identitas Perseroan     and Garuda Indonesia Group’s tagline. A correct application of
    yang tepat akan menciptakan sebuah standar dan konsistensi.      the Company’s identity will create a standard and consistency.

    Logotype “GMF” adalah Avenir Book Italic, sebuah font san        The logotype of “GMF” is the Avenir Book Italic, a modern
    serif modern untuk menggarisbawahi karakter GMF AeroAsia         san serif font that underlines the dynamic character of GMF
    yang dinamis dan semangatnya untuk senantiasa maju dan           AeroAsia with its renewing, constantly progressing spirit. The
    memperbarui diri. Sedangkan “AeroAsia” disusun dalam Myriad      “AeroAsia” itself is composed in Myriad Roman, a san serif font
    Roman, sebuah font san serif dengan karakter yang kuat, dengan   with a strong character that has a curve that emphasizes the
    lekukan yang menekankan nilai fleksibilitas, kesantunan dalam    value of flexibility, politeness in service, and the value of its
    pelayanan, serta nilai pelanggan.                                customers.

    Simbol burung Garuda serta tagline menunjukkan afiliasi GMF      The Garuda symbol and tagline show the affiliation of GMF
    AeroAsia sebagai perusahaan pendukung Garuda Indonesia.          AeroAsia, as the supporting company of Garuda Indonesia.




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     Penghargaan dan Sertifikasi
     Awards and Certification


 PERKEMBANGAN USAHA                                                 GLOBAL-SCALE DEVELOPMENT
 YANG MENDUNIA

 Sejak didirikan, GMF telah berkembang menjadi penyedia solusi      Since its establishment, GMF has grown into Indonesia’s leading
 Maintenance, Repair, and Overhaul (MRO) yang terdepan di           provider of Maintenance, Repair, and Overhaul (MRO) solutions.
 Indonesia. Dengan pengalaman panjang dan komitmen terhadap         With extensive experience and a strong commitment to high-
 standar kualitas tinggi, GMF terus meningkatkan kapasitas          quality standards, GMF continues to enhance its operational
 operasionalnya hingga mendapat pengakuan dari industri             capacity, earning recognition from the international aviation
 penerbangan internasional.                                         industry.

 Sebagai penyedia layanan MRO yang komprehensif, GMF                As a comprehensive MRO service provider, GMF offers a
 menawarkan berbagai solusi mulai dari Line Maintenance,            wide range of solutions, including Line Maintenance, engine
 perawatan dan perbaikan mesin serta komponen, Overhaul,            and component repair and maintenance, Overhaul, aircraft
 hingga modifikasi pesawat dan peremajaan kabin. Seiring            modifications, and cabin refurbishment. In response to the
 dengan perubahan dinamika industri penerbangan global, GMF         evolving dynamics of the global aviation industry, GMF has
 telah melakukan transformasi strategis untuk memperluas            undertaken strategic transformations to expand its business
 segmen bisnisnya. Pandemi yang melanda dunia menjadi titik         segments. The global pandemic served as a turning point for
 balik bagi GMF untuk berinovasi dan memperluas cakupan             GMF to innovate and broaden its service scope.
 layanan.

 Kini, GMF tidak hanya melayani sektor komersial, tetapi juga       Today, GMF not only serves the commercial sector but has also
 telah merambah ke sektor Military & Defense serta Industrial       expanded into the Military & Defense sector and the Industrial
 Gas Turbine Engine (IGTE). Langkah ini memperkuat posisi GMF       Gas Turbine Engine (IGTE) market. This move strengthens
 sebagai perusahaan MRO yang adaptif dan resilien terhadap          GMF’s position as an adaptive and resilient MRO company,
 berbagai tantangan industri.                                       capable of navigating various industry challenges.

 PENGHARGAAN YANG                                                   AWARDS RECEIVED IN 2024
 DITERIMA TAHUN 2024

               Pemberi Penghargaan                     Nama Penghargaan                               Ajang Penghargaan
                     Issuer                                 Award                                           Event

     Kementerian BUMN                       Top 3 – Lomba Gagasan Eco                      26 Tahun Kementrian BUMN
     SOE Ministry                           Top 3 – Eco Idea Competition                   26th Anniversary of SOE Ministry

     Kementerian Perindustrian              1 dari 7 perusahaan dengan apresiasi “Layak” Indonesia Industrial Services Awards (IdSAs)
     Industrial Ministry                    1 of 7 companies with an appreciation “Worthy” 2024

     Majalah Listrik Indonesia              Special Award Electric Motor Conversion -      Best Electriciy Award (IBEA) EV Ecosystem
     Listrik Indonesia Magazine             The Leading Electricity Based Airport Ground   Award 2024
                                            Handling Economy

     Top Business                           Top Human Capital Award                        Top Human Capital Award 2024

     Top Business                           The Most Committed Human Capital Leader        Top Human Capital Award 2024
                                            2024

     BUMN Track                             Platinum Winner – International Recognition BUMN Branding & Marketing Award 2024

     BUMN Track                             Gold Winner – Employer and Employee BUMN Branding & Marketing Award 2024
                                            Branding in Building Competent and Agile
                                            BUMN Personne




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    SERTIFIKASI YANG BERLAKU                                               VALID CERTIFICATES UNTIL END OF 2024
    HINGGA AKHIR TAHUN 2024

      Tanggal Dikeluarkannya                                                                       Pemberi
                                                    Nama Sertifikasi                                                         Masa Berlaku
            Sertifikasi                                                                           Sertifikasi
                                                     Certification                                                            Valid Until
          Issuance Date                                                                             Issuer

     28 Desember 2021          Directorate General of Civil Aviation: Approved Maintenance DGCA Indonesia            28 September 2026
     December 26, 2021         Organization                                                                          September 28, 2026

     30 September 2023         Federal Aviation Administration: Approved Repair Station        FAA                   30 September 2025
     September 20, 2023                                                                                              September 30, 2025

     24 Juli 2024              European Union Aviation Safety Agency: Approved                 EASA                  Tidak terbatas
     July 24, 2024             Maintenance Organization                                                              Unlimited

     22 Oktober 2024           Civial Aviation Safety Authority Australia: Approved CASA Australia                   31 Desember 2026
     October 22, 2024          Maintenance Organization                                                              December 31, 2026

     08 Februari 2023          Civil Aviation Authority of Thailand: Approved Repair Station   CAA Thailand          7 Februari 2026
     February 8, 2023                                                                                                February 7, 2026

     30 Desember 2020          Directorate General of Civil Aviation: Approved Maintenance DGCA India                31 Desember 2025
     December 30, 2020         Organization                                                                          December 31, 2025

     30 Agustus 2023           Civil Aviation Authority of Fiji Approved Maintenance CAA Fiji                        Tidak terbatas
     August 30, 2023           Organization                                                                          Unlimited

     21 Agustus 2023           Ministry of Land, Infrastructure and Transport: Approved        MOLIT Korea           25 Agustus 2025
     August 21, 2023           Maintenance Organization                                                              August 25, 2025

     10 Oktober 2024           Director of Civil Aviation Bailiwick of Guernsey: Approved B a i l i w i c k      o f 30 September 2025
     October 10, 2024          Maintenance Organization                                   Guernsey                   September 30, 2025

     10 Desember 2024          Civil Aviation Authority of the United Kingdom: Approved        C A A U n i t e d Tidak terbatas
     December 10, 2024         Maintenance Organization                                        Kingdom           Unlimited

     02 April 2024             Civil Aviation Safety Authority of Papua New Guinea:            CASA Papua New 31 Maret 2025
     April 2, 2024             Approved Maintenance Organization                               Guinea         March 31, 2025

     06 September 2024         Civil Aviation Authority of the Cayman Island: Approved CAA of Cayman                 5 September 2025
     September 6, 2024         Maintenance Organization                                Islands                       September 5, 2025

     15 Mei 2023               Civil Aviation Agency Under the Ministry of Transport           CAA Uzbekistan        15 Mei 2026
     May 15, 2023              of the Republic of Uzbekistan: Approved Maintenance                                   May 15, 2026
                               Organization

     17 November 2024          Civil Aviation Authority Republic of Vanuatu: Approved CAA Vanuatu                    17 Maret 2025
     November 17, 2024         Maintenance Organization                                                              March 17, 2025

     11 Oktober 2023           Minister of Land, Infrastructure, Transport and Tourism: JCAB Japan                   24 Oktober 2025
     October 11, 2023          Approved Maintenance Organization                                                     October 24, 2025

     23 April 2024             Department of Civil Aviation of Lao PDR: Approved DCA of LAO PDR                      24 April 2026
     April 23, 2024            Maintenance Organization                                                              April 24, 2026

     19 November 2024          Civil Aviation Authority of Bangladesh: Approved CAA Bangladesh                       19 November 2026
     November 19, 2024         Maintenance Organization                                                              November 19, 2026

     31 Agustus 2021           Civil Aviation Authority: Approved Maintenance                  CAA Philippines       31 Agustus 2026
     August 31, 2021           Organization                                                                          August 31, 2026




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      Tanggal Dikeluarkannya                                                               Pemberi
                                                 Nama Sertifikasi                                             Masa Berlaku
            Sertifikasi                                                                   Sertifikasi
                                                  Certification                                                Valid Until
          Issuance Date                                                                     Issuer

     17 September 2024         State Secretariat of Civil Aviation Kingdom of Cambodia: SSCA Cambodia   16 September 2025
     September 17, 2024        Approved Maintenance Organization                                        September 16, 2025

     5 April 2024              Civil Aviation Authority Republic of Moldova: Approved CAA Moldova       Masa berlaku ditentukan
     April 5, 2024             Maintenance Organization                                                 oleh DGCA Indonesia
                                                                                                        Expiry date refers to DGCA
                                                                                                        Indonesia

     25 Maret 2015             Ministry of Transport and Communications of the Republic MTCR Belarus    Masa berlaku ditentukan
     March 25, 2015            of Belarus: Approved Recognition Statement                               oleh FAA
                                                                                                        Expiry date refers to FAA

     24 Februari 2011          General Department of Ciivil Aviation: Approved GDCA Armenia             Masa berlaku ditentukan
     February 24, 2011         Maintenance Technical Organization                                       oleh FAA
                                                                                                        Expiry date refers to FAA

     5 Oktober 2022            Civil Aviation Authority: Approved Maintenance         San Marino CAA    Masa berlaku ditentukan
     October 05, 2022          Organization                                                             oleh FAA
                                                                                                        Expiry date refers to FAA

     8 Desember 2023           State Civil Aviation Agency: Approved Maintenance SCAA Azerbaijan        7 Desember 2025
     December 08, 2023         Organization                                                             December 7, 2025

     26 November 2023          Civil Aviation Authority: Approved Maintenance         NCAA Nigeria      25 November 2025
     November 26, 2023         Organization                                                             November 25, 2025

     27 Desember 2023          Civil Aviation Authority: Approved Maintenance         CAA Egypt         27 Februari 2025
     December 27, 2023         Organization                                                             February 27, 2025

     20 Desember 2023          Civil Aviation Authority: Approved Maintenance         CAA Oman          1 November 2025
     December 20, 2023         Organization                                                             November 1, 2025




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                                                                         Keanggotaan Asosiasi
                            Membership in Associations [GRI 2-28] [OJK C.5]


             Organisasi                                              Deskripsi                                                  Posisi GMF
            Organization                                            Description                                                GMF Position

                            Himpunan dari industri penerbangan yang bergerak dalam bidang perawatan pesawat udara           Anggota
                            Indonesia. Anggota IAMSA merupakan perusahaan/instansi pemegang sertifikasi AMO                 (sejak tahun 1990)
                            (Approved Maintenance Organizations) dari Direktorat Kelaikudaraan dan Pengoperasian            Member
                            Pesawat Udara (DKPPU) Republik Indonesia.                                                       (since 1990)
                            It’s an Indonesian aviation association in the field of aircraft maintenance. IAMSA members
                            are companies/agencies holding AMO (Approved Maintenance Organizations) certification
                            from the Directorate General of Civil Aviation (DGCA Indonesia) of the Republic of Indonesia.

                IAMSA

                            ASA merupakan Asosiasi Supplier Part Pesawat. Program ini merupakan program audit               Anggota
                            36 bulan guna mematuhi FAA Advisory Circular (AC) 00-56.                                        (sejak tahun 2016)
                            ASA is an Aircraft Part Supplier Association. This is a 36-month audit program to comply        Member
                            with the FAA Advisory Circular (AC) 00-56.                                                      (since 2016)

                 ASA

                            AEI merupakan organisasi perusahaan publik atau emiten penerbit saham dan obligasi              Anggota
                            tercatat/listed/terdaftar di Bursa Efek Indonesia.                                              (sejak tahun 2018)
                            AEI is an organization for public company or listed issuer of shares and bonds registered       Member
                            on the Indonesian Stock Exchange.                                                               (since 2018)


                 AEI

                            ILAC adalah organisasi internasional untuk badan akreditasi yang beroperasi sesuai dengan       Anggota
                            ISO/IEC 17011 dan terlibat dalam akreditasi lembaga penilaian kesesuaian. GMF memiliki          (sejak tahun 2022)
                            akreditasi KAN yang merupakan anggota dari ILAC. KAN menjalankan akreditasi untuk               Member
                            lembaga sertifikasi, laboratorium, lembaga inspeksi, dan lainnya, dengan standar ISO/           (since 2022)
                            IEC 17011.
                            ILAC is an international organization for accreditation bodies operating in accordance with
                            ISO/IEC 17011 and involved in the accreditation of conformity assessment bodies. GMF
                            holds accreditation from KAN, which is a member of ILAC. KAN conducts accreditation
                            for certification bodies, laboratories, inspection bodies, and others, following the ISO/
                            IEC 17011 standard.
                 ILAC




                 KAN




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 Bidang Usaha, Produk dan Jasa, Jaringan
 Usaha
 Business Field, Products and Services, Business Network [OJK C.4,
 GRI 2-6]




 KEGIATAN USAHA                                                              BUSINESS ACTIVITIES

                             Kegiatan Usaha Berdasarkan Akta Anggaran Dasar Nomor 5 Tanggal 28 Oktober 2024
                                                          Pasal 3 Ayat (1) dan Ayat (2)
                             Business Activities based on Articles of Association Number 5, dated October 28, 2024
                                                    Article 3 Paragraph (1) and Paragraph (2)

     Kegiatan Usaha Utama
     Main Business Activities

     Industri pengolahan yaitu menjalankan usaha dalam bidang reparasi      Processing industry, running a business in the fields of aircraft
     pesawat terbang; industri pesawat terbang dan perlengkapannya;         maintenance; Industry of aircraft and its equipment; repair of electric
     reparasi motor listrik; generator dan transformator; Reparasi alat     motors, generators and transformers; Repair of measuring instruments,
     ukur, alat uji dan peralatan navigasi dan pengontrol; Reparasi mesin   test equipment and navigation equipment and controllers; machine
     untuk keperluan umum.                                                  repair for general purposes.

     Perdagangan besar dan eceran, reparasi dan perawatan mobil dan         Wholesale and retail, repair and maintenance of cars and motorbikes,
     sepeda motor, yaitu menjalankan usaha dalam bidang perdagangan         running a business in wholesale trade of various kinds of goods;
     besar berbagai macam barang; perdagangan besar alat transportasi       wholesale trade in air transportation equipment, spare parts and
     udara; suku cadang dan perlengkapannya; Perdagangan besar              equipment; wholesale trade of electronic parts; wholesale of machinery,
     suku cadang elektronik; Perdagangan besar mesin, peralatan dan         tools and equipment.
     perlengkapannya.




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                              Kegiatan Usaha Berdasarkan Akta Anggaran Dasar Nomor 5 Tanggal 28 Oktober 2024
                                                           Pasal 3 Ayat (1) dan Ayat (2)
                              Business Activities based on Articles of Association Number 5, dated October 28, 2024
                                                     Article 3 Paragraph (1) and Paragraph (2)

     Kegiatan Usaha Utama
     Main Business Activities

     Pengangkutan dan pergudangan yaitu menjalankan usaha dalam                Transportation and warehousing, running a business in warehousing
     bidang pergudangan dan penyimpanan; aktivitas bounded warehousing         and transportation; warehousing and storage; bounded warehousing
     atau wilayah Kawasan berikat; angkutan multimoda; aktivitas               activities or bonded areas; multimodal transport; airport activities;
     kebandarudaraan; jasa pengurusan transportasi (JPT).                      transportation management services (JPT).

     Aktivitas profesional, ilmiah dan teknis, yaitu menjalankan usaha dalam   Professional, scientific, and technical activities in engineering services
     bidang aktivitas konsultasi transportasi; penelitian dan pengembangan     including but not limited to transportation consultation; technology and
     teknologi dan rekayasa; jasa inspeksi periodic; jasa kalibrasi atau       engineering research and development; periodic inspection services;
     metrology.                                                                calibration or metrology services;

     Aktivitas penyewaan dan sewa guna usaha tanpa hak opsi,                   Leasing without option rights, employment, travel agents and other
     ketenagakerjaan, agen perjalanan dan penunjang usaha lainnya, yaitu       supporting activities, running a business in the service sector, especially
     menjalankan usaha dalam bidang aktivitas penyewaan dan sewa guna          leasing services and leasing without options for engines, equipment and
     usaha tanpa hak opsi mesin, peralatan dan barang berwujud lainnya         other tangible goods that cannot be classified elsewhere.
     yang tidak dapat diklasifikasikan di tempat lain.

     Pendidikan, yaitu menjalankan usaha dalam bidang Pendidikan swasta. Education, namely running a business in the field of private education

     Kegiatan Usaha Penunjang
     Supporting Business Activities

     Melakukan penyediaan jasa konsultan dan tenaga ahli di bidang Providing consultation services and experts in aircraft, component,
     perawatan pesawat udara, lomponen, dan mesin termasuk namun and engine maintenance, including but not limited to transportation
     tidak terbatas pada aktivitas konsultasi transportasi.        consulting.

     Melakukan pelatihan di luar dari sebagaimana disebut dalam ayat 2 Conduct training other than those referred to in paragraph 2 letter f
     huruf f pasal yang terdapat di Anggaran Dasar Pasal 3.            of this Articles of Association Article 3.



    PRODUK DAN JASA                                                             PRODUCTS AND SERVICES

    GMF mengelompokkan jenis usahanya ke dalam dua segmen                       GMF categorizes its business into two segments, namely (1)
    yaitu (1) Reparasi dan Overhaul, dan (2) Perawatan.                         Reparation and Overhaul, and (2) Maintenance.


     Reparasi dan Overhaul
     Reparation and Overhaul

     Airframe               GMF memiliki empat hangar untuk melakukan:                     GMF owns four hangars to perform:
                            • Heavy check rutin;                                           • Routine heavy checks;
                            • Modifikasi besar;                                            • Major modifications;
                            • Pengecatan eksterior pesawat;                                • Aircraft exterior painting;
                            • Finishing dekoratif, cabin refurbishment and                 • Decorative finishing, cabin refurbishment and
                              reconfiguration, perbaikan struktur besar;                     reconfiguration, extensive structural repairs;
                            • Perawatan dan overhaul pesawat.                              • Aircraft maintenance and overhaul.

                            Jenis pesawat yang telah mendapatkan sertifikasi (DKPPU,       The types of aircraft that have been certified (DKPPU, FAA,
                            FAA, EASA, CAA UK, CASA):                                      EASA, CAA UK, CASA):
                            A320, A320NEO, A330, A330NEO, B737CL, B737NG,                  A320, A320NEO, A330, A330NEO, B737CL, B737NG,
                            B737MAX, B747, B777, CRJ1000, ATR72.                           B737MAX, B747, B777, CRJ1000, ATR72.




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     Reparasi dan Overhaul
     Reparation and Overhaul

     Engine               GMF memiliki Engine Workshop & Engine and APU Test           GMF owns Engine Workshop and Engine & APU Test Cell to
                          Cell untuk merawat mesin pesawat dan Auxilliary Power        perform aircraft engine maintenance and Auxiliary Power
                          Unit (APU) seperti:                                          Units (APUs) such as:

                          •   Mesin CFM56-3 dan APU GTCP 85 yang terpasang di          •   The CFM56-3 and GTCP 85 APU engine type on the
                              pesawat seri B737CL;                                         B737CL series aircraft;
                          •   Mesin CFM56-7 dan APU GTCP131-9B yang terpasang          •   The CFM56-7 and GTCP131 APU 9B engine type on
                              di pesawat seri B737NG;                                      the B737NG series aircraft;
                          •   Mesin CFM56-5 dan APU GTCP131-9A yang terpasang          •   The CFM56-5 and GTCP131-9A APU engines on A320;
                              di pesawat seri A320;
                          •   Mesin PW100 yang terpasang di pesawat ATR 42/72;         •   The PW100 engine on the ATR 42/72 aircraft;
                          •   APU GTCP331-350 untuk pesawat seri A330.                 •   The APU GTCP331-350 series for A330 aircraft.

     Component            Unit layanan Component dapat melakukan repair and            The Component Services Unit capabilities include repair and
                          overhaul untuk instrumen pesawat, kontrol elektronik,        overhauls for aircraft instruments, electronic controls, radars
                          radar dan navigasi, flight data recorders dan gyros, serta   and navigation, flight data recorders and gyros, and Wheel
                          Wheel Brake & Landing Gear. GMF juga dapat menjaga           Brake & Landing Gear. GMF can also maintain the availability
                          ketersediaan pasokan material untuk pelanggan melalui        of material supply for customers through component pooling
                          layanan component pooling.                                   services.

                          GMF memiliki sejumlah workshop: Avionics Workshop,           GMF has several workshops such as Avionics Workshop,
                          Electro Mechanical and Oxygen Workshop, Wheel Brake          Electro Mechanical and Oxygen Workshop, Wheel Brake &
                          & Landing Gear Workshop, serta Calibration and Non-          Landing Gear Workshop, Calibration and Non Destructive
                          Destructive Test (NDT) Workshop. GMF dapat melakukan         Test (NDT) Workshop. GMF can offer component
                          perawatan komponen untuk pesawat seri B737, B747, A320,      maintenance for B737, B747, A320, A330, B777, CRJ1000,
                          A330, B777, CRJ1000, dan ATR72.                              and ATR72 series aircraft.

                          Workshop dan laboratorium GMF dilengkapi dengan              GMF's workshops and laboratories are equipped with high-
                          peralatan testing , termasuk ATEC ( Automatic Test           tech testing equipment including ATEC (Automatic Test
                          Equipment Complex), IRIS (Integrated Radio Instrument        Equipment Complex), IRIS (Integrated Radio Instrument
                          System), INS (Inertial Navigation System), IDG (Integrated   System), INS (Inertial Navigation System), IDG (Integrated
                          Drive Generator) dan Universal Testing Equipments            Drive Generator), and Universal Testing Equipments.

     Military & Defense   Pada Segmen Military & Defense, Perseroan telah dan In Military & Defense, the Company has owned and are
                          sedang mengembangkan beberapa produk yang mencakup developing several products that cover Airframe, Engine,
                          kategori Airframe, Engine, Component serta Produk/ Component, and other Supporting Products/Services.
                          Layanan Pendukungnya.

                          Beberapa produk/layanan segmen Military & Defense yang       The main products/services in Military & Defense are
                          menjadi prioritas di antaranya adalah kapabilitas untuk      maintaining and modifying C130H, C130J maintenance,
                          perawatan dan modifikasi C130H, perawatan C130J, T56         MRTT Conversion, T56 Engine Overhaul, aircraft and
                          Engine Overhaul, serta perawatan pesawat dan mesin untuk     engine maintenance for fighter aircraft. The Company’s
                          fighter aircraft dengan melihat perkembangan dari peluang    products/services include maintenance and modification of
                          pasar. Sementara itu, produk/layanan yang dimiliki oleh      Boeing Business Jet, Overhaul Engine CFM56-3 operated
                          Perusahaan saat ini antara lain mencakup perawatan dan       by military/state institutions, Overhaul APU GTCP 85,
                          modifikasi Boeing Business Jet, Overhaul Engine CFM56-       manufacturing and maintenance of several types of Ground
                          3 yang dioperasikan oleh institusi militer/kenegaraan,       Support Equipment.
                          Overhaul APU GTCP 85, serta manufaktur dan perawatan
                          untuk beberapa jenis Ground Support Equipment.




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Page 71
                                                                                                                              Profil Perusahaan
                                                                                                                               Company Profile




     Reparasi dan Overhaul
     Reparation and Overhaul

     Perawatan
     Maintenance

     Line Maintenance Line Maintenance dapat dipergunakan untuk penerbangan           Line Maintenance can be used for domestic and international
     & Technical Ground domestik dan internasional di Bandar Udara Soekarno Hatta.    flights at Soekarno-Hatta Airport.
     Handling
                        Line Maintenance menangani perawatan pesawat seperti          Line Maintenance handles aircraft maintenance such as
                        Pre-Flight Check, Transit Check, Daily Check, A Check         Pre-Flight Check, Transit Check, Daily Check, A Check
                        (perawatan sampai dengan 600 jam terbang), serta berbagai     (maintenance up to 600 flight hours), and other maintenance
                        jenis perawatan lainnya.                                      types.

                            GMF dapat melakukan perawatan ringan pada pesawat         GMF can perform light maintenance on B737, B737MAX,
                            seri B737, B737MAX, B747, B777, B787, A320, A320NEO,      B747, B777, B787, A320, A320NEO, A330, A330NEO, A350,
                            A330, A330NEO, A350, CRJ1000, dan ATR72. GMF juga         CRJ1000, and ATR72 series. GMF also handles overnight
                            menangani layanan overnight transit dan Emergency AOG     transit and emergency AOG (Aircraft on Ground) services.
                            (Aircraft on Ground).

                            GMF juga memiliki fasilitas MCC (Maintenance Control GMF also has the MCC (Maintenance Control Center)
                            Center) untuk memantau operasional perawatan pesawat facility to monitor aircraft maintenance operations to reduce
                            udara guna mengurangi perawatan yang tidak terjadwal dan unscheduled maintenance and technical delays.
                            keterlambatan teknis.

                            Line Maintenance GMF didukung oleh 69 line station di Line Maintenance has the support of 69 line stations
                            seluruh Indonesia.                                    throughout Indonesia.




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     WILAYAH OPERASIONAL                                              OPERATIONAL AREA

     GMF merupakan perusahaan penyedia jasa perawatan dan             GMF is a company that provides an integrated aircraft
     perbaikan pesawat terintegrasi dengan area pelayanan di 69       maintenance and repair in all over 69 Domestic Outstation
     Outstation Line Maintenance Domestik. Sampai dengan akhir        Line Maintenance. Until the end of 2024, GMF has been serving
     tahun 2024, GMF melayani pelanggan di berbagai belahan dunia     its customers worldwide in 5 (five) major continents in more
     meliputi 5 (lima) benua dan lebih dari 70 negara.                than 70 countries.



                                  BTJ
                       SBG
                                             LSW             TNJ
                                                   KNO BTH                                                                                       TR
                                                     DTB                                                 PNK         PSU         PKY
                 MEQ                                                                                                                              B
                                                            PKU                                                SQG
                FLZ
                          GNS


                                                                                     PGK
                                                                                                 TJQ
                                PDG
                                DJB
                                PLM

                                                     BKS
                                                                                           CGK           KTG
                                                                                                                                     BDJ
                                                     TKG                                                       SRG
                                                                                                                               SUB
                                                                                                                                                 UP

                                                                                  HLP
                                                                                             BDO
                                                                                                       JOG
     PERUBAHAN SIGNIFIKAN                                                                                SOC
                                                                                                                MLG        JBB BWX         DPS
     Significant Changes [OJK C.6]                                                                                                                S




     Pada tahun 2024, pada pelaksanaan RUPSLB tanggal 28              In 2024, during the EGMS on October 28, 2024, the shareholders
     Oktober 2024, pemegang saham telah menyetujui pelaksanaan        approved the implementation of the Capital Increase with Pre-
     Penambahan Modal dengan Hak Memesan Efek Terlebih                emptive Rights (PMHMETD) or rights issue, which has finished
     Dahulu (PMHMETD) atau rights issue yang pelaksanaannya           to be executed on January 15, 2025. The implementation of the
     selesai pada tanggal 15 Januari 2025. Pelaksanaan PMHMETD        PMHMETD is carried out as part of the asset/facility injection
     dilakukan dalam rangka inbreng aset/fasilitas dari induk usaha   from the parent company to GMF. The PMHMETD has been
     kepada GMF. Pelaksanaan PMHMETD tercatat dalam Laporan           recorded in the Financial Statements for the year ending
     Keuangan untuk tahun yang berakhir pada 31 Desember              December 31, 2024, in the Financial Position, Equity section,
     2024 pada Laporan Posisi Keuangan bagian Ekuitas dengan          with an addition to the “advance for share capital” account
     menambahkan akun “uang muka setoran atas modal saham”            amounting to USD25.91 million.
     sebesar USD25,91 juta.


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                                                                                                                                   Profil Perusahaan
                                                                                                                                    Company Profile




RK
                                                 MDC         TTE
BEJ                            MDC                                 KAU
                                                                                 SOQ         MKW         BKI
        PLW
                                LUW
                                                                                                                               DJJ




                                     KDI
                                       PUM

                                           TQQ         LAH
                                                                         AMQ
             LWU               BUW
PG
                         RAQ


                                                                                       KNG
                                                                                                   NBX

                                                                               LUV                             TIM

SWQ    LBJ
                          MOF
 TMC               ENE
                                     KOE                             SXK                                               MKQ




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                                                                                                                     PT Garuda Maintenance
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Page 74
     Struktur Organisasi
     Organization Structure


     Pada tahun 2024, GMF menggunakan Struktur Organisasi           In 2024, GMF used the Parent Organization Structure which has
     Induk yang telah ditetapkan berdasarkan Surat Keputusan        been stipulated based on President Director’s Decree No. DT/
     Direktur Utama No. DT/SKEP-5015/24 tanggal 21 Agustus          SKEP-5015/24 dated August 21, 2024, concerning the Parent
     2024 tentang Organisasi Induk PT Garuda Maintenance Facility   Organization of PT Garuda Maintenance Facility Aero Asia Tbk.
     Aero Asia Tbk.
                                                   Struktur Organisasi Induk
                                           PARENT ORGANIZATIONAL STRUCTURE
                                            PT Garuda Maintenance Facility Aero Asia Tbk


                                                                    Direktur Utama
                                                                         CEO
                                                                    Andi Fahrurrozi




     VP SBU Defense Industry
     Rajesh Ferdinand Kusuma




                                                     Direktur Keuangan                      Direktur Line Operation
                                                     Director of Finance                   Director of Line Operation
                                                        Salusra Satria                             Mukhtaris

       EGM Risk Management
          Santi Agustina
                                                    VP Financial & Management                     VP Line Maintenance
                                                            Accounting                           Wayan Winten Adnyano
                                                            Chairuddin

                                                                                              VP Maintenance Planning
                                                     VP Treasury Management                Wayan Winten Adnyano (Pelaksana
                                                          Indra Prabowo                        Harian | Daily Executor)

                                                                                                VP Engineering Services
                                                                                                Andriyono Novan Hartoko


                                                                                             VP Material & Logistic Services
                                                                                                 Desrianto Adi Prayogi




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                                                                                        Profil Perusahaan
                                                                                         Company Profile




                                                 Direktur
                                              Board of Directors


                                                                         VP Quality Assurance &
                                                                                 Safety
                                                                              Arif Sugianto

                                                                             VP Internal Audit
                                                                             Deddy Fezantino

                                                                          VP Corporate Strategy
                                                                         & Business Development
         Direktur Business & Base          Direktur Human Capital        R. Rendy Purwidyaputra
                Operation                    Corporate Affairs &
          Director of Business & Base      & Director of Human Capital
                                                Corporate Affairs
                   Operations                                             VP Sales & Marketing
               Irvan Pribadi                  Pudjo Sarwoko                   Asep Mulyana

                                                                         VP Corporate Secretary
     VP Widebody Base Maintenance        VP Human Capital Management             & Legal
             Zarul Fuziono                    Eldira Umar Ali Zain
                                                                            Rian Fajar Isnaeni
            VP Narrowbody Base
                                          VP Corporate Affairs & HSE
                Maintenance
                                               Endang Darajat
               Firman Akasah

                                                                         Instruction Line
             VP Engine Services
               Fidiarta Andika                                           Coordination Line

      & VP Component Maintenance
           Specialized Services
              Lia Yuanawati

      VP Aircraft Support & Industrial
                  Solutions
             R. Suryo Hardiono


                                                                                                            75
                                                                          PT Garuda Maintenance
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     Profil Dewan Komisaris
     Board of Commissioners’ Profile


     Berikut adalah komposisi anggota Dewan Komisaris sepanjang        The following is the composition of the Board of Commissioners
     tahun 2024 hingga pada saat Laporan Terintegrasi ini              members throughout 2024 until the time this Integrated Report
     ditandatangani dan diterbitkan. Dapat kami sampaikan bahwa        is signed and published. We can confirm that throughout 2024,
     sepanjang tahun 2024, komposisi anggota Dewan Komisaris           the composition of the Company’s Board of Commissioners
     Perseroan tidak mengalami perubahan.                              members remained unchanged.


                                        Komposisi Anggota Dewan Komisaris Selama 2024
                                    Composition of the Board of Commissioners Members Throughout 2024


      Komisaris Utama                             : Dharmadi
      President Commissioner

      Komisaris                                   : Rahmat Hanafi
      Commissioner

      Komisaris Independen                        : Ali Gunawan
      Independent Commissioner

      Komisaris Independen                        : Abhan
      Independent Commissioner

      Komisaris                                   : Agit Atriantio
      Commissioner




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                                                                                                                                       Profil Perusahaan
                                                                                                                                        Company Profile




         Dharmadi
     Komisaris Utama/Komisaris Independen
     President Commissioner/Independent Commissioner

     Periode Jabatan: 28 Juni 2023 sampai dengan penutupan RUPS tahunan ke-3 yang diselenggarakan pada tahun 2026, Periode Pertama.
     Office Term: June 28, 2023, effective from the appointment date until the closing of the third GMS in 2026, First Period.
     Kewarganegaraan                          Indonesia
     Citizenship

     Usia per 31 Desember 2024 | Tempat       71 tahun | Bondowoso, 14 Agustus 1953
     Tanggal Lahir                            71 years old | Bondowoso, August 14, 1953
     Age as of December 31, 2024 | Place of
     Birth and Date

     Domisili                                 Tangerang
     Domicile

     Dasar Hukum Penunjukan                   Diangkat sebagai Komisaris Utama berdasarkan           He was appointed as the President Commissioner based
     Legal Basis of Appointment               Keputusan RUPS Tahunan pada tanggal 28 Juni 2023       on the Annual GMS Resolution dated June 28, 2023,
                                              dan dinyatakan dalam Akta No. 16 tanggal 28 Juni       which was ratified in the Deed No. 16 dated June 28,
                                              2023 yang dibuat di hadapan Shanti Indah Lestari,      2023, made before Shanti Indah Lestari, S.H., M.Kn., a
                                              S.H., M.Kn., Notaris di Kabupaten Tangerang. Jabatan   Notary in Tangerang City. This is his first term serving
                                              ini merupakan periode pertama dalam jajaran Dewan      as Commissioner of GMF.
                                              Komisaris GMF.


     Riwayat Pendidikan                       •   Magister Manajemen Bisnis Internasional dari       •   Master in International Business Management from
     Educational Background                       Sekolah Tinggi Manajemen PPM (1995)                    PPM Business School (1995);
                                              •   Sarjana Teknik dari IKIP Bandung (1993)            •   Bachelor of Engineering from IKIP Bandung (1993).

     Pengalaman Kerja                         •   CEO Flybest Flight Academy (2017-2022);            •   CEO of Flybest Flight Academy (2017-2022);
     Work Experience                          •   Komisaris Indonesia AirAsia (2013-2017);           •   Commissioner of Indonesia AirAsia (2013-2017);
                                              •   CEO Indonesia AirAsia (2007-2014).                 •   CEO of Indonesia AirAsia (2007-2014).

     Jabatan Rangkap                          •   Anggota Komite Nominasi dan Remunerasi             •   Member of the Nomination and Remuneration
     Concurrent Positions                         Perseroan (2023-sekarang);                             Committee of the Company (2023-present);
                                              •   Wakil Sekretaris Jenderal Indonesia National Air   •   Deputy Secretary General of the Indonesia National
                                                  Carrier Association (INACA) (2022-sekarang);           Air Carrier Association (INACA) (2022-present);
                                              •   Anggota Dewan Komisaris Flybest Flight Academy     •   Member of the Board of Commissioners of the
                                                  2022-sekarang).                                        Flybest Flight Academy (2022-present).

     Hubungan Afiliasi & Kepemilikan Saham    •   Beliau tidak memiliki hubungan afiliasi dengan     •   He does not have any affiliation with other members
     Perseroan                                    anggota Dewan Komisaris, Direksi, dan pemegang         of the Board of Commissioners, Board of Directors,
     Affiliate Relationship & Share               saham utama Perseroan.                                 and major shareholders of the Company
     Ownership of the Company                 •   Beliau tidak memiliki saham Perseroan.             •   He does not own any Company’s shares.




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                                                                                                                         PT Garuda Maintenance
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Page 78
                                                               Rahmat Hanafi
     Komisaris
     Commissioner

     Periode Jabatan: 28 Juni 2023 sampai dengan penutupan RUPS tahunan ke-3 yang diselenggarakan pada tahun 2026, Periode Kedua.
     Office Term: June 28, 2023, effective from the appointment date until the closing of the third GMS in 2026, Second Period.
     Kewarganegaraan                            Indonesia
     Citizenship

     Usia per 31 Desember 2024 | Tempat         58 tahun | Cirebon, 12 September 1966
     Tanggal Lahir                              58 years old | Cirebon, September 12, 1966
     Age as of December 31, 2024 | Place of
     Birth and Date

     Domisili                                   Tangerang
     Domicile

     Dasar Hukum Penunjukan                     Diangkat kembali sebagai Komisaris berdasarkan         He was reappointed as the Commissioner based on
     Legal Basis of Appointment                 Keputusan RUPS Tahunan pada tanggal 28 Juni 2023       the Annual GMS Resolution on June 28, 2023, which
                                                yang dinyatakan dalam Akta Pernyataan Keputusan        was ratified in the Deed of Meeting Resolution No. 16
                                                Rapat No. 16 tanggal 28 Juni 2023 yang dibuat di       on June 28, 2023, made before Shanti Indah Lestari,
                                                hadapan Shanti Indah Lestari, S.H., M.Kn, Notaris di   S.H., M.Kn, a Notary in Tangerang Regency. This is his
                                                Kabupaten Tangerang. Jabatan ini merupakan periode     second term serving as Commissioner of GMF.
                                                kedua dalam jajaran Dewan Komisaris GMF.

     Riwayat Pendidikan                         •   Pendidikan Pasca Sarjana bidang Manajemen dari     •   Postgraduate Program in Management at the
     Educational Background                         Sekolah Tinggi Ilmu Ekonomi Jakarta (2003);            Jakarta College of Economic (2003);
                                                •   Sarjana bidang Teknik Elektro (Sub Bidang Teknik   •   Bachelor's Degree in Electro Engineering (Sub
                                                    Komputer) dari Institut Teknologi Bandung              Field of Computer Engineering) from Bandung
                                                    (1990).                                                Institute of Technology (1990).

     Pengalaman Kerja                           •   Senior Executive Project Manager MRO di Batam,     •   Senior Executive Project Manager MRO in Batam,
     Work Experience                                Bintan, dan Kualanamu Perseroan (2018-2020);           Bintan, and Kualanamu of the Company (2018-
                                                                                                           2020);
                                                •   Direktur Line Operations Perseroan (2018);         •   Director of Line Operations of the Company
                                                                                                           (2018);
                                                •   Direktur Base Operations Perseroan (2017-          •   Director of Base Operations of the Company
                                                    2018);                                                 (2017-2018);
                                                •   VP Engine Maintenance Perseroan (2016-2017);       •   VP Engine Maintenance of the Company (2016-
                                                •   Senior VP Engine Maintenance Perseroan (2015-          2017);
                                                    2016);                                             •   Senior VP Engine Maintenance of the Company
                                                •   VP Strategy Management Office Perseroan                (2015-2016);
                                                    (2013-2015).                                       •   VP Strategy Management Office of the Company
                                                                                                           (2013-2015).

     Jabatan Rangkap                            •   Direktur Teknik PT Garuda Indonesia (Persero)      •   Director of Engineering of PT Garuda Indonesia
     Concurrent Positions                           Tbk (2020-sekarang);                                   (Persero) Tbk (2020-present);
                                                •   Anggota Komite Nominasi dan Remunerasi             •   Member of the Nomination and Remuneration
                                                    Perseroan (2020-sekarang).                             Committee of the Company (2020-present).

     Hubungan Afiliasi & Kepemilikan Saham      •   Memiliki hubungan afiliasi dengan pemegang         •   He has an affiliation with the Company’s
     Perseroan                                      saham Perseroan karena jabatan rangkap di PT           shareholders due to his other position at PT
     Affiliate Relationship & Share Ownership       Garuda Indonesia (Persero) Tbk.                        Garuda Indonesia (Persero) Tbk.
     of the Company                             •   Tidak memiliki saham di Perseroan.                 •   He does not own any share at the Company




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                                                                                                                                         Profil Perusahaan
                                                                                                                                          Company Profile




          Ali Gunawan
     Komisaris Independen
     Independent Commissioner

     Periode Jabatan: 28 Juni 2024, sampai dengan penutupan RUPS ke-1 yang diselenggarakan pada tahun 2027, Periode Pertama.
     Office Term: June 28, 2024, until the closing of the third GMS in 2027, First Period.
     Kewarganegaraan                                    Indonesia
     Citizenship

     Usia per 31 Desember 2024 | Tempat Tanggal Lahir   61 tahun | Padang, 21 Juli 1963
     Age as of December 31, 2024 | Place of Birth and   61 years old | Padang, July 21, 1963
     Date

     Domisili                                           Jakarta
     Domicile

     Dasar Hukum Penunjukan                             Diangkat sebagai Komisaris Independen Perseroan          He was appointed as the Independent
     Legal Basis of Appointment                         berdasarkan Keputusan RUPS Luar Biasa pada               Commissioner based on the Annual GMS
                                                        tanggal 28 Juni 2024 yang dinyatakan dalam Akta          Resolution on June 28, 2024, which was
                                                        Pernyataan Keputusan Rapat No. 12 tanggal 28 Juni        ratified in the Deed of Meeting Resolution
                                                        2024 yang dibuat di hadapan Shanti Indah Lestari SH.,    No. 12 on June 28, 2024, which was made
                                                        M.KN, Notaris di Kabupaten Tangerang. Jabatan ini        before Shanti Indah Lestari, S.H., M.Kn, a
                                                        merupakan periode pertama dalam jajaran Dewan            Notary in Tangerang Regency. This is his first
                                                        Komisaris GMF.                                           term serving as the Board of Commissioners
                                                                                                                 of GMF.

     Riwayat Pendidikan                                 Sarjana Ekonomi Akuntansi Universitas Trisakti (1994).   Bachelor in Accounting Economics from
     Educational Background                                                                                      Trisakti University (1994).

     Pengalaman Kerja                                   Auditor, Akuntan Publik Prasetio, Sarwoko & Sandjaja     Auditor at Prasetio, Sarwoko & Sandjaja
     Work Experience                                    (Ernst &Young Indonesia) (1986-2004) dengan jabatan      (Ernst & Young Indonesia) (1986-2004) with
                                                        terakhir sebagai partner.                                his last position as a partner.


     Jabatan Rangkap                                    •   Ketua Komite Audit & Kebijakan Tata Kelola           •   Chairman and Member of Audit
     Concurrent Positions                                   Perusahaan Perseroan (2023-sekarang);                    Committee & Corporate Governance
                                                                                                                     Policy of the Company (2023-present);
                                                        •   Group Financial Controller PT CT Corpora             •   Group Financial Controller of PT CT
                                                            (2004-sekarang).                                         Corpora (2004-present).

     Hubungan Afiliasi & Kepemilikan Saham Perseroan    •   Beliau tidak memiliki hubungan afiliasi dengan       •   He does not have any affiliation
     Affiliate Relationship & Share Ownership of the        anggota Dewan Komisaris, Direksi, dan pemegang           with other members of the Board of
     Company                                                saham utama Perseroan.                                   Commissioners, Board of Directors, and
                                                                                                                     major shareholders of the Company
                                                        •   Beliau tidak memiliki saham Perseroan.               •   He does not own any Company’s shares.




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Page 80
                                                                                 Abhan
     Komisaris Independen
     Independent Commissioner

     Periode Jabatan: 28 Juni 2023 sampai dengan penutupan RUPS tahunan ke-3 yang diselenggarakan pada tahun 2026, Periode Pertama.
     Office Term: June 28, 2023, effective from the appointment date until the closing of the third GMS in 2026, First Period.
     Kewarganegaraan                                    Indonesia
     Citizenship

     Usia per 31 Desember 2024 | Tempat Tanggal Lahir   56 tahun | Pekalongan, 12 November 1968
     Age as of December 31, 2024 | Place of Birth and   56 years old | Pekalongan, November 12, 1968
     Date

     Domisili                                           Semarang
     Domicile

     Dasar Hukum Penunjukan                             Diangkat sebagai Komisaris Independen berdasarkan    He was appointed as the Independent
     Legal Basis of Appointment                         Keputusan RUPS Tahunan pada tanggal 28 Juni 2023     Commissioner based on the Annual GMS
                                                        dan dinyatakan dalam Akta 16 tanggal 28 Juni 2023    Resolution dated June 28, 2023, which was
                                                        yang dibuat di hadapan Shanti Indah Lestari, S.H.,   ratified in the Deed No. 16 dated June 28,
                                                        M.Kn., Notaris di Kabupaten Tangerang. Jabatan ini   2023, made before Shanti Indah Lestari, S.H.,
                                                        merupakan periode pertama dalam jajaran Dewan        M.Kn., a Notary in Tangerang City. This is his
                                                        Komisaris GMF.                                       first term serving as Commissioner of GMF.

     Riwayat Pendidikan                                 •   Magister Hukum dari Universitas Islam Sultan     •   Master in Law from the Sultan Agung
     Educational Background                                 Agung, Semarang (2018);                              Islamic University, Semarang (2018).
                                                        •   Sarjana Hukum dari Universitas Pekalongan        •   Bachelor of Law from Pekalongan
                                                            (1991).                                              University (1991);

     Pengalaman Kerja                                   •   Ketua Bawaslu Indonesia (2017-2022);             •   Chair of Indonesia’s Bawaslu (2017-
     Work Experience                                                                                             2022);
                                                        •   Ketua Bawaslu Provinsi Jawa Tengah (2012-        •   Chair of Central Java’s Bawaslu (2012-
                                                            2017).                                               2017).

     Jabatan Rangkap                                    •   Anggota Komite Nominasi dan Remunerasi           •   Member of the Nomination and
     Concurrent Positions                                   Perseroan (2023-sekarang);                           Remuneration Committee of the
                                                                                                                 Company (2023-present);
                                                        •   Pengacara di Firma Hukum ABHAN and Partners      •   Attorney in Law Firm ABHAN and
                                                            (1992-sekarang).                                     Partners (1992-present).

     Hubungan Afiliasi & Kepemilikan Saham Perseroan    •   Beliau tidak memiliki hubungan afiliasi dengan   •   He does not have any affiliation
     Affiliate Relationship & Share Ownership of the        anggota Dewan Komisaris, Direksi, dan pemegang       with other members of the Board of
     Company                                                saham utama Perseroan.                               Commissioners, Board of Directors, and
                                                                                                                 major shareholders of the Company
                                                        •   Beliau tidak memiliki saham Perseroan.           •   He does not own any Company’s shares.




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                                                                                                                                    Profil Perusahaan
                                                                                                                                     Company Profile




           Agit Atriantio
     Komisaris
     Commissioner

     Periode Jabatan: 28 Juni 2024, sampai dengan penutupan RUPS ke-3 yang diselenggarakan pada tahun 2027, Periode Pertama.
     Office Term: June 28, 2024, until the closing of the third GMS in 2027, First Period.
     Kewarganegaraan                            Indonesia
     Citizenship

     Usia per 31 Desember 2024 | Tempat         56 tahun | Madiun, 29 April 1969
     Tanggal Lahir                              56 years old | Madiun, April 29, 1969
     Age as of December 31, 2024 | Place of
     Birth and Date

     Domisili                                   Tangerang Selatan
     Domicile

     Dasar Hukum Penunjukan                     Diangkat sebagai Komisaris Independen Perseroan       Appointed as Independent Commissioner through
     Legal Basis of Appointment                 berdasarkan Keputusan RUPS Luar Biasa pada            the Resolution of the Extraordinary GMS on June
                                                tanggal 28 Juni 2024, yang dinyatakan dalam Akta      28, 2024, that has been stipulated in the Deed of of
                                                Pernyataan Keputusan Rapat No. 12 tanggal 28 Juni     Meeting Resolutions No. 12 dated June 28, 2024,
                                                2024 yang dibuat dihadapan Shanti Indah Lestari       drawn up before Shanti Indah Lestari SH., M.KN,
                                                SH, M.Kn., Notaris di Kabupaten Tangerang. Jabatan    a Notary in Tangerang Regency. This is his second
                                                ini merupakan periode kedua dalam jajaran Dewan       term serving as the Board of Commissioners of
                                                Komisaris GMF.                                        GMF.


     Riwayat Pendidikan                         Sarjana, Universitas Trisakti                         Bachelor’s Degree, Trisakti University
     Educational Background

     Pengalaman Kerja                           •   Komisaris di PT Angkasa Pura Support (2020-       •   Commissioner of PT Angkasa Pura Support
     Work Experience                                2021)                                                 (2020-2021)
                                                •   Asisten Khusus Wakil Menteri Pertahanan Bidang    •   Special Assistant to the Deputy Minister of
                                                    Komunikasi (Propaganda) & Pengembangan                Defense for Communication (Propaganda) &
                                                    Militer (2019)                                        Military Development (2019)
                                                •   Asisten Menteri Perhubungan Bidang Digital        •   Assistant Minister of Transportation in Digital
                                                    Media, Media Sosial, dan Komunikasi (2016-2019)       Media, Social Media, and Communication
                                                                                                          (2016-2019)
                                                •   Strategic Plan & Digital Propaganda Consultant    •   Strategic Plan & Digital Consultant of
                                                    (2013-2016)                                           Propaganda (2013-2016)
                                                •   CEO SID Indonesia, Digital & Cyber                •   CEO of SID Indonesia, Digital & Cyber
                                                    Communications Company (2011-2013)                    Communications Company (2011-2013)
                                                •   Country Head of Marketing & Strategic Plan, AJE   •   Country Head of Marketing & Strategic Plan,
                                                    Group International (2009-2011)                       AJE Group International (2009-2011)

     Jabatan Rangkap                            Ketua Komite Pengembangan Usaha dan Pemantauan        Business Development and Risk Monitoring
     Concurrent Positions                       Risiko GMF (2021-sekarang)                            Committee of GMF (2021-present)

     Hubungan Afiliasi & Kepemilikan Saham      •   Beliau tidak memiliki hubungan afiliasi dengan    •   He does not have any affiliation with other
     Perseroan                                      anggota Dewan Komisaris, Direksi, dan pemegang        members of the Board of Commissioners,
     Affiliate Relationship & Share Ownership       saham utama Perseroan.                                Board of Directors, and major shareholders
     of the Company                                                                                       of the Company
                                                •   Beliau tidak memiliki saham Perseroan.            •   He does not own any Company’s shares.




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     Profil Direksi
     Board of Directors’ Profile


     Berikut adalah komposisi anggota Direksi sepanjang tahun                  The following is the composition of the Board of Directors
     2024 hingga pada saat Laporan Terintegrasi ini ditandatangani             members throughout 2024 until the time this Integrated Report
     dan diterbitkan. Dapat kami sampaikan bahwa sepanjang tahun               is signed and published. We can confirm that throughout 2024,
     2024, komposisi anggota Direksi Perseroan tidak mengalami                 the composition of the Company’s Board of Directors members
     perubahan.                                                                remained unchanged.


                                                      Komposisi Anggota Direksi Selama 2024
                                                      Composition of Board of Directors Through 2024


      Direktur Utama                                      : Andi Fahrurrozi
      CEO

      Direktur Base Operation                             : Irvan Pribadi
      Director of Base Operations

      Direktur Human Capital & Corporate Affairs          : Pudjo Sarwoko
      Director of Human Capital & Corporate Affairs

      Direktur Keuangan                                   : Salusra Satria
      Director of Finance

      Direktur Line Operation                             : Mukhtaris
      Director of Line Operation




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           Andi
           Fahrurrozi
     Direktur Utama
     President Director

     Periode Jabatan: 28 Juni 2023, efektif menjabat sejak tanggal tersebut sampai dengan penutupan RUPS ke-3 yang
     diselenggarakan pada tahun 2026, Periode Kedua.
     Office Term: June 28, 2023, effective from the appointment date until the closing of the third GMS in 2026, Second Period.
     Kewarganegaraan                                    Indonesia
     Citizenship

     Usia per 31 Desember 2024 | Tempat Tanggal Lahir   45 tahun | Temanggung, 12 April 1980
     Age as of December 31, 2024 | Place of Birth and   45 years old | Temanggung, April 12, 1980
     Date

     Domisili                                           Tangerang
     Domicile

     Dasar Hukum Penunjukan                             Diangkat sebagai Direktur Utama berdasarkan            Appointed as President Director based on
     Legal Basis of Appointment                         Keputusan RUPS Tahunan pada tanggal 28 Juni 2023       the Annual GMS Decision on 28 June 2023
                                                        yang dinyatakan dalam Akta Pernyataan Keputusan        as stated in the Deed of Meeting Resolution
                                                        Rapat No. 16 tanggal 28 Juni 2023 Shanti Indah         Statement No. 16 dated June 28, 2023, Shanti
                                                        Lestari, S.H., M.Kn, Notaris di Kabupaten Tangerang.   Indah Lestari, S.H., M.Kn, Notary in Tangerang
                                                        Jabatan ini merupakan periode kedua dalam jajaran      Regency. This position is the second term in the
                                                        Direksi Perseroan.                                     Company's Board of Directors.


     Riwayat Pendidikan                                 •   Pasca Sarjana Teknik Dirgantara, Institut          •   Postgraduate in Aerospace Engineering,
     Educational Background                                 Teknologi Bandung (2004);                              Institut Teknologi Bandung (2004);
                                                        •   Sarjana Teknik Dirgantara, Institut Teknologi      •   Bachelor of Aerospace Engineering,
                                                            Bandung (2001).                                        Institut Teknologi Bandung (2001).


     Pengalaman Kerja                                   •   Direktur Business & Base Operation Perseroan       •   Director of Business & Base Operation of
     Work Experience                                        (2020-2021);                                           the Company (2020-2021)
                                                        •   VP Component Services Perseroan (2017-             •   VP Component Services of the Company
                                                            2020);                                                 (2017-2020);
                                                        •   VP Logistics & Bonded Services Perseroan           •   VP Logistics & Bonded Services of the
                                                            (2017);                                                Company (2017);
                                                        •   Executive Program Manager Perseroan (2014-         •   Executive Program Manager of the
                                                            2017);                                                 Company (2014-2017);
                                                        •   GM Knowledge Management Perseroan (2012-           •   GM Knowledge Management of The
                                                            2014)                                                  Company (2012-2014)

     Jabatan Rangkap                                    Beliau tidak memiliki rangkap jabatan baik sebagai     He does not hold any concurrent position
     Concurrent Positions                               anggota Direksi, anggota Dewan Komisaris dan/atau      either as a member of the Board of Directors,
                                                        anggota komite serta jabatan lainnya di emiten atau    member of the Board of Commissioners and/
                                                        perusahaan publik lain.                                or committee member, and other functions at
                                                                                                               other issuers or public companies.

     Hubungan Afiliasi & Kepemilikan Saham Perseroan    •   Beliau tidak memiliki hubungan afiliasi dengan     •   He has no affiliation with members of the
     Affiliate Relationship & Share Ownership of the        anggota Dewan Komisaris, Direksi, dan                  Board of Commissioners, Directors and
     Company                                                Pemegang Saham Utama Perseroan                         Major Shareholders of the Company.
                                                        •   Beliau memilki 144.400 lembar saham di GMF         •   He owns 144,400 shares in GMF (stock
                                                            (kode saham: GMFI)                                     code: GMFI).




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                                                                  Irvan Pribadi
     Direktur Base Operation
     Director of Base Operation

     Periode Jabatan: 28 Juni 2023, efektif menjabat sejak tanggal tersebut sampai dengan penutupan RUPS ke-3 yang
     diselenggarakan pada tahun 2026 , Periode Pertama.
     Office Term: June 28, 2023, effective from the appointment date until the closing of the third GMS in 2026, FIrst Period.
     Kewarganegaraan                              Indonesia
     Citizenship

     Usia per 31 Desember 2024 | Tempat Tanggal 55 tahun | Palangkaraya, 29 Maret 1970
     Lahir                                        55 years old | Palangkaraya, March, 29, 1970
     Age as of December 31, 2024 | Place of Birth
     and Date

     Domisili                                     Depok
     Domicile

     Dasar Hukum Penunjukan                       Diangkat sebagai Direktur Base Operation              Appointed as Director of Base Operation
     Legal Basis of Appointment                   berdasarkan Keputusan RUPS Tahunan pada               based on the Resolution of the Annual
                                                  tanggal 28 Juni 2023 yang dinyatakan dalam Akta       GMS on June 28, 2023, as stated in the
                                                  Pernyataan Keputusan Rapat No. 16 tanggal 28          Deed of Meeting Resolution No. 16 dated
                                                  Juni 2023 Shanti Indah Lestari, S.H., M.Kn, Notaris   June 28, 2023, Shanti Indah Lestari, S.H.,
                                                  di Kabupaten Tangerang. Jabatan ini merupakan         M.Kn, Notary in Tangerang Regency.
                                                  periode pertama dalam jajaran Direksi Perseroan.      This position is the first period in the
                                                                                                        Company's Board of Directors.

     Riwayat Pendidikan                           Sarjana Teknik Mesin dari Institut Teknologi          Bachelor of Mechanical Engineering from
     Educational Background                       Bandung (1994).                                       Bandung Institute of Technology (1994).

     Pengalaman Kerja                             •   Vice President Wide Body Base Maintenance •           Vice President of Wide Body Base
     Work Experience                                  (2019-2023);                                          Maintenance (2019-2023);
                                                  •   GM Structure Shop (2013-2019);            •           GM of Structure Shop (2013-2019);
                                                  •   GM Aircraft Structure Maintenance (2012- •            GM of Aircraft Structure Maintenance
                                                      2016).                                                (2012-2016).

     Jabatan Rangkap                              Beliau tidak memiliki rangkap jabatan baik sebagai    He has no concurrent positions as a
     Concurrent Positions                         anggota Direksi, anggota Dewan Komisaris dan/         member of the Board of Directors,
                                                  atau anggota komite serta jabatan lainnya di emiten   member of the Board of Commissioners
                                                  atau perusahaan publik lain.                          and/or member of committees and
                                                                                                        other positions in other issuers or public
                                                                                                        companies.

     Hubungan Afiliasi & Kepemilikan Saham •          Beliau tidak memiliki hubungan afiliasi dengan    •   He has no affiliation with members
     Perseroan                                        anggota Dewan Komisaris, Direksi, dan                 of the Board of Commissioners,
     Affiliate Relationship & Share Ownership of      pemegang saham utama Perseroan.                       Directors and Major Shareholders
     the Company
                                                                                                            of the Company.
                                                  •   Beliau memilki 62,800 lembar saham di GMF •           He owns 62,800 shares in GMF (stock
                                                      (kode saham: GMFI)                                    code: GMFI).




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            Pudjo
            Sarwoko
     Direktur Human Capital & Corporate Affairs
     Director of Human Capital & Corporate Affairs

     Periode Jabatan: 28 Juni 2023, efektif menjabat sejak tanggal tersebut sampai dengan penutupan RUPS ke-3 yang
     diselenggarakan pada tahun 2026 , Periode Kedua.
     Office Term: June 28, 2023, effective from the appointment date until the closing of the third GMS in 2026, Second Period.
     Kewarganegaraan                   Indonesia
     Citizenship
     Usia per 31 Desember 2024 |       57 tahun | Jakarta, 7 April 1968
     Tempat Tanggal Lahir              57 years old | Jakarta, April 7, 1968
     Age as of December 31, 2024 |
     Place of Birth and Date
     Domisili                          Jakarta
     Domicile
     Dasar Hukum Penunjukan            Diangkat sebagai Direktur Human Capital & Corporate     Appointed as Director of Human Capital & Corporate
     Legal Basis of Appointment        Affairs berdasarkan Keputusan RUPS Tahunan pada         Affairs based on the Resolution of the Annual GMS on 28
                                       tanggal 28 Juni 2023 yang dinyatakan dalam Akta         June 2023 as stated in the Deed of Meeting Resolution No.
                                       Pernyataan Keputusan Rapat No. 16 tanggal 28 Juni       16 dated 28 June 2023 Shanti Indah Lestari, S.H., M.Kn,
                                       2023 Shanti Indah Lestari, S.H., M.Kn, Notaris di       Notary in Tangerang Regency. This is her second term in
                                       Kabupaten Tangerang. Jabatan ini merupakan periode      the Company's Board of Directors.
                                       kedua dalam jajaran Direksi Perseroan.
     Riwayat Pendidikan                •   Sarjana Hukum, Universitas Muhammadiyah,            •   Bachelor of Law, Universitas Muhammadiyah,
     Educational Background                Tangerang (2018)                                        Tangerang (2018)
                                       •   Pasca Sarjana Hukum, Universitas Muhammadiyah,      •   Postgraduate in Law, Universitas Muhammadiyah,
                                           Jakarta (2021)                                          Jakarta (2021)
     Pengalaman Kerja                  •   Direktur Line Operation Perseroan (2020-2021);      •   Director of Line Operation of the Company (2020-
     Work Experience                                                                               2021)
                                       •   VP Corporate Affairs & HSE Perseroan (2020);        •   VP Corporate Affairs & HSE of the Company (2020);
                                       •   Executive Project Manager Perseroan (2019-2020);    •   Executive Project Manager Perseroan of the Company
                                                                                                   (2019-2020);
                                       •   VP Cabin Maintenance Services Perseroan (2018-      •   VP Cabin Maintenance Services of the Company
                                           2019);                                                  (2018-2019);
                                       •   VP Base Maintenance Perseroan (2018);               •   VP Base Maintenance of the Company (2018);
                                       •   VP Outstation Line Maintenance Perseroan (2016-     •   VP Outstation Line Maintenance of the Company
                                           2018);                                                  (2016-2018);
                                       •   Senior Aircraft Maintenance Expert Perseroan        •   Senior Aircraft Maintenance Expert of the Company
                                           (2015-2016).                                            (2015-2016).

     Sertifikasi                       Certified Legal Auditor (C.L.A.) – Pendidikan Auditor   Certified Legal Auditor (C.L.A.) – Legal Auditor Program
                                       Hukum dari Asosiasi Auditor Hukum Indonesia (ASAHI)     from the Indonesian Association of Legal Auditors (ASAHI)
                                       dan Jimly School of Law & Government (JSLG) (2020)      and Jimly School of Law & Government (JSLG) (2020)
     Jabatan Rangkap                   Beliau tidak memiliki rangkap jabatan baik sebagai      He has no concurrent positions as a member of the Board
     Concurrent Positions              anggota Direksi, anggota Dewan Komisaris dan/atau       of Directors, member of the Board of Commissioners and/
                                       anggota komite serta jabatan lainnya di emiten atau     or member of committees and other positions in other
                                       perusahaan publik lain.                                 issuers or public companies.
     Hubungan Afiliasi & Kepemilikan   •   Beliau tidak memiliki hubungan afiliasi dengan      •   He has no affiliation with members of the Board of
     Saham Perseroan                       anggota Dewan Komisaris, Direksi, dan pemegang          Commissioners, Directors and Major Shareholders
     Affiliate Relationship & Share        saham utama Perseroan.                                  of the Company.
     Ownership of the Company          •   Beliau memiliki 89.200 lembar saham di GMF (kode    •   He owns 89,200 shares of GMF (ticker code: GMFI).
                                           saham: GMFI). [mohon update]




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                                                                               Salusra
                                                                               Satria
     Direktur Keuangan
     Director of Finance

     Periode Jabatan: 2 September 2022, efektif menjabat sejak tanggal tersebut sampai dengan penutupan RUPS ke-3 yang
     diselenggarakan pada tahun 2025, Periode Pertama.
     Office Term: September 2, 2022, effective from the appointment date until the closing of the third GMS in 2025, First Period.
     Kewarganegaraan                   Indonesia
     Citizenship
     Usia per 31 Desember 2024 |       Usia 60 tahun | Padang, 3 April 1965
     Tempat Tanggal Lahir              60 years old | Padang, April 3, 1965
     Age as of December 31, 2024 |
     Place of Birth and Date
     Domisili                          Jakarta
     Domicile
     Dasar Hukum Penunjukan            Diangkat sebagai Direktur Keuangan berdasarkan Keputusan           Appointed as Finance Director based on the Resolution of
     Legal Basis of Appointment        RUPS Tahunan pada tanggal 2 September 2022 yang                    the Annual GMS on 2 September 2022 as stated in the Deed
                                       dinyatakan dalam Akta Pernyataan Keputusan Rapat No. 2             of Meeting Resolution No. 2 dated 2 September 2022 made
                                       tanggal 2 September 2022 yang dibuat di hadapan Shanti Indah       before Shanti Indah Lestari, S.H., M.Kn, Notary in Tangerang
                                       Lestari, S.H., M.Kn, Notaris di Kabupaten Tangerang. Jabatan ini   Regency. This position is the first period in the Company's
                                       merupakan periode pertama dalam jajaran Direksi Perseroan.         Board of Directors



     Riwayat Pendidikan                •    Sarjana Ekonomi, Universitas Indonesia, Depok (1990);         •   Bachelor of Economics from the University of Indonesia,
     Educational Background            •    Pasca Sarjana Keuangan, Macquarie University, Australia           Depok (1990)
                                            (1994)                                                        •   Postgraduate Program in Finance at Macquarie University,
                                                                                                              Australia (1994)
     Pengalaman Kerja                  •    Komisaris Independen, PT Asuransi Umum BCA                    •   Independent Commissioner at PT Asuransi Umum BCA
     Work Experience                        (2022-Sekarang)                                                   (2022- present)
                                       •    Director of Finance and Project Assesment, PT Penjamin        •   Director of Finance and Project Assesment at PT Penjamin
                                            Infrastruktur Indonesia (2017-2021)                               Infrastruktur Indonesia (2017-2021)
                                       •    Direktur of Operation, PT Penjamin Infrastruktur              •   Director of Operation at PT Penjamin Infrastruktur
                                            Indonesia (2016-2017)                                             Indonesia (2016-2017)
                                       •    Executive Director of Bank Resolution and Claims              •   Executive Director of Bank Resolution and Claims
                                            Payment, Lembaga Penjamin Simpanan (2013-2016)                    Payment at Indonesia Deposit Insurance Corporation
                                                                                                              (2013-2016)
                                       •    Executive Director of Guarantee and Risk Management,          •   Executive Director of Guarantee and Risk Management
                                            Lembaga Penjamin Simpanan (2010-2013)                             at Indonesia Deposit Insurance Corporation (2013-2016)
                                       •    Sekretaris Perusahaan, Lembaga Penjamin Simpanan              •   Corporate Secretary at Indonesia Deposit Insurance
                                            (2005-2010)                                                       Corporation (2005-2010)
                                       •    Komisaris Independen PT Asuransi Bintang, Tbk (2007-          •   Independent Commissioner of PT Asuransi Bintang, Tbk
                                            2010)                                                             (2007-2010)
                                       •    Deputi Direktur pada Direktorat Jenderal Institusi            •   Deputy Director at the Directorate General of Financial
                                            Keuangan, Kementerian Keuangan (2000-2006).                       Institutions, Ministry of Finance (2000-2006)

     Jabatan Rangkap                   Beliau tidak memiliki rangkap jabatan baik sebagai anggota         He has no concurrent positions as a member of the Board of
     Concurrent Positions              Direksi, anggota Dewan Komisaris dan/atau anggota komite           Directors, member of the Board of Commissioners and/or
                                       serta jabatan lainnya di emiten atau perusahaan publik lain.       member of committees and other positions in other issuers
                                                                                                          or public companies.
     Hubungan Afiliasi & Kepemilikan   •    Beliau tidak memiliki hubungan afiliasi dengan anggota        •   He has no affiliation with members of the Board of
     Saham Perseroan                        Dewan Komisaris, Direksi, dan pemegang saham utama                Commissioners, Directors and Major Shareholders of
     Affiliate Relationship & Share         Perseroan.                                                        the Company.
     Ownership of the Company          •    Beliau tidak memiliki saham Perseroan                         •   He does not own any shares in the Company




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           Mukhtaris
     Direktur Line Operation
     Director of Line Operation

     Periode Jabatan: 2 September 2022, efektif menjabat sejak tanggal tersebut sampai dengan penutupan RUPS ke-3 yang
     diselenggarakan pada tahun 2025, Periode Pertama.
     Office Term: September 2, 2022, effective from the appointment date until the closing of the third GMS in 2025, First Period.
     Kewarganegaraan                   Indonesia
     Citizenship
     Usia per 31 Desember 2024 |       41 tahun | Pontianak, 23 September 1983
     Tempat Tanggal Lahir              41 years old | Pontianak, September 23, 1983
     Age as of December 31, 2024 |
     Place of Birth and Date
     Domisili                          Bekasi
     Domicile
     Dasar Hukum Penunjukan            Diangkat sebagai Direktur Line Operation              Appointed as Director of Line Operation based on
     Legal Basis of Appointment        berdasarkan Keputusan RUPS Tahunan pada               the Resolution of the Annual GMS on 2 September
                                       tanggal 2 September 2022 yang dinyatakan dalam        2022 as stated in the Deed of Meeting Resolution No.
                                       Akta Pernyataan Keputusan Rapat No. 2 tanggal         2 dated 2 September 2022 made before Shanti Indah
                                       2 September 2022 yang dibuat di hadapan Shanti        Lestari, S.H., M.Kn, Notary in Tangerang Regency. This
                                       Indah Lestari, S.H., M.Kn, Notaris di Kabupaten       position is the first period in the Company's Board
                                       Tangerang. Jabatan ini merupakan periode pertama      of Directors.
                                       dalam jajaran Direksi Perseroan.



     Riwayat Pendidikan                •   Sarjana Teknik Mesin, Institut Teknologi          •   Bachelor of Mechanical Engineering, Institut
     Educational Background                Sepuluh November, Surabaya (2007);                    Teknologi Sepuluh Nopember (2007)
                                       •   Pasca Sarjana Manajemen, PPM School of            •   Postgraduate Management, PPM School of
                                           Management, Jakarta (2022)                            Management, Jakarta (2022)
     Pengalaman Kerja                  •   PLH Direktur Teknik dan Layanan PT Garuda •           ACT Technical and Service Direktor of PT Garuda
     Work Experience                       Indonesia (Persero) Tbk (2019-2020)                   Indonesia (Persero) Tbk (2019-2020)
                                       •   VP Acquisition and Aircraft Management PT •           VP Acquisition and Aircraft Management of PT
                                           Garuda Indonesia (Persero) Tbk (2018-2022)            Garuda Indonesia (Persero) Tbk (2018-2022)
                                       •   VP Aircraft Maintenance Program PT Garuda •           VP Aircraft Maintenance Program of PT Garuda
                                           Indonesia (Persero) Tbk (2015-2018)                   Indonesia (Persero) Tbk (2015-2018)
                                       •   SM Powerplant Engineering Program PT Garuda •         SM Powerplant Engineering Program of PT
                                           Indonesia (Persero) Tbk (2013-2015)                   Garuda Indonesia (Persero) Tbk (2013-2015)
     Jabatan Rangkap                   Beliau tidak memiliki rangkap jabatan baik sebagai    He has no concurrent positions as a member of
     Concurrent Positions              anggota Direksi, anggota Dewan Komisaris dan/         the Board of Directors, member of the Board of
                                       atau anggota komite serta jabatan lainnya di emiten   Commissioners and/or member of committees and
                                       atau perusahaan publik lain.                          other positions in other issuers or public companies.
     Hubungan Afiliasi & Kepemilikan   •   Beliau tidak memiliki hubungan afiliasi dengan    •   He has no affiliation with members of the
     Saham Perseroan                       anggota Dewan Komisaris, Direksi, dan                 Board of Commissioners, Directors and Major
     Affiliate Relationship & Share        pemegang saham utama Perseroan.                       Shareholders of the Company.
     Ownership of the Company
                                       •   Beliau tidak memiliki saham Perseroan.            •   He does not own any shares in the Company.




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 Profil Pejabat Eksekutif
 Profile of Executive Officials


                                                        VP Financial & Management Accounting
                                                        Usia | Age
                                                        55 tahun| 55 years old

                                                        Menjabat sejak 30 November 2021
                                                        Serving since November 30, 2021

                                                        Bergabung di GMF pada 16 Juni 1993
                                                        Joined GMF on June 16, 1993

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Master of Accounting, Trisakti University (2016)

                                                        Riwayat Jabatan | Positional History:

                            Chairuddin
                                                        • VP Financial Analysis & Enterprise Risk Management (2020-2021);
                                                        • CEO GELKo (2020);
                                                        • Senior Project Manager (2019-2020).



                                                        VP Wide Body Base Maintenance
                                                        Usia | Age
                                                        44 tahun| 44 years old

                                                        Menjabat sejak 10 Juli 2023
                                                        Serving since December 2, 2024

                                                        Bergabung di GMF pada 1 November 2006
                                                        Joined GMF on November 1 , 2006

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Master of Management, IPMI (2016)

                                                        Riwayat Jabatan | Positional History:

                       Zarul Fuziono
                                                        • VP Narrow Body Base Maintenance;
                                                        • SM Base Maintenance Planning & Engineering (2020-2022);
                                                        • Account Manager & Sales (2016-2019).



                                                        VP Component Maintenance & Specialized Services
                                                        Usia | Age
                                                        43 tahun| 43 years old

                                                        Menjabat sejak 2 Desember 2024
                                                        Serving since December 2, 2024

                                                        Bergabung di GMF pada 15 Maret 2007
                                                        Joined GMF on March 15, 2007

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Master of Management, IPMI Business School (2014)

                                                        Riwayat Jabatan | Positional History:

                       Lia Yuanawati
                                                        • Advisor (2024);
                                                        • Finance and Human Resources Director, PT AGI (2023-2024);
                                                        • VP Human Capital Management (2020-2023).




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                                                                                                  Profil Perusahaan
                                                                                                   Company Profile




                                            VP Corporate Strategy & Digital Transformation
                                            Usia | Age
                                            36 tahun| 36 years old

                                            Menjabat sejak 1 September 2023
                                            Serving since September 1, 2023

                                            Bergabung di GMF pada 18 Desember 2013
                                            Joined GMF on December 18, 2013

                                            Latar Belakang Pendidikan | Educational Background:
                                            • Bachelor of Engineering, Bandung Institute of Technology (2012);

                                 R. Rendy
                                            • Master of Business Administration, SBM ITB (2002).


                            Purwidyaputra
                                            Riwayat Jabatan | Positional History:
                                            • SM Business Transformation (2020-2024);
                                            • GM Business Development (2019-2020);
                                            • GM Project Management Office & Inorganic Development (Caretaker
                                               (2019).

                                            VP Engineering Services
                                            Usia | Age
                                            45 tahun| 45 years old

                                            Menjabat sejak 1 Oktober 2024
                                            Serving since October 1, 2024

                                            Bergabung di GMF pada 4 Desember 2008
                                            Joined GMF on December 4 , 2008

                                            Latar Belakang Pendidikan | Educational Background:
                                            Bachelor of Engineering, Institut Teknologi Bandung (2004)

                    Andriyono Novan         Riwayat Jabatan | Positional History:

                            Hartoko
                                            • SM Line Maintenance Production Planning (2021-2024);
                                            • SM Aircraft Engineering (2020-2021);
                                            • GM Fleet Type CRJ-1000 (2018-2020).



                                            VP Maintenance Planning (Pelaksana Harian)
                                            Usia | Age
                                            38 tahun| 38 years old

                                            Menjabat sejak 2 Desember 2024
                                            Serving since December 2, 2024

                                            Bergabung di GMF pada 1 Januari 2008
                                            Joined GMF on January 1 , 2008

                                            Latar Belakang Pendidikan | Educational Background:
                                            Master of Management, University of Indonesia (2019)

                            Wayan Winten    Riwayat Jabatan | Positional History:

                                Adnyano
                                            • VP Maintenance Planning (2021-2024);
                                            • VP Engineering Services (2019-2021);
                                            • SM Aircraft Planning & Control 2015-2019).




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                                                        VP Material & Logistic Services
                                                        Usia | Age
                                                        36 tahun| 36 years old

                                                        Menjabat sejak 26 Agustus 2022
                                                        Serving since August 26, 2022

                                                        Bergabung di GMF pada 1 Mei 2011
                                                        Joined GMF on Mei 1 , 2011

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Master of Management, IPMI Business School (2016)

                       Desrianto Adi                    Riwayat Jabatan | Positional History:

                             Prayogi
                                                        • VP Corporate Secretary & Business Development (2018-2022);
                                                        • Corporate Business Partner (2017-2018);
                                                        • Executive Assistant to Board of Directors (2017).



                                                        VP Line Maintenance
                                                        Usia | Age
                                                        38 tahun| 38 years old

                                                        Menjabat sejak 2 Desember 2024
                                                        Serving since December 2, 2024

                                                        Bergabung di GMF pada 1 Januari 2008
                                                        Joined GMF on January 1 , 2008

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Master of Management, University of Indonesia (2019)

                    Wayan Winten                        Riwayat Jabatan | Positional History:

                        Adnyano
                                                        • VP Maintenance Planning (2021-2024);
                                                        • VP Engineering Services (2019-2021);
                                                        • SM Aircraft Planning & Control 2015-2019).



                                                        VP Human Capital Management
                                                        Usia | Age
                                                        41 tahun| 41 years old

                                                        Menjabat sejak 17 April 2023
                                                        Serving since April 17, 2023

                                                        Bergabung di GMF pada 20 Februari 2012
                                                        Joined GMF on February 20, 2012

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Master, Bandung Institute of Technology (2010)

                           Eldira Umar                  Riwayat Jabatan | Positional History:

                                Ali Zain
                                                        • SM Leader & Talent Development (2020-2023);
                                                        • GDPS (2019-2020);
                                                        • Corporate Business Partner (2017-2019).




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                                                                                                  Profil Perusahaan
                                                                                                   Company Profile




                                            VP Internal Audit
                                            Usia | Age
                                            49 tahun| 49 years old

                                            Menjabat sejak 22 November 2021
                                            Serving since November 22, 2021

                                            Bergabung di GMF pada 1 September 2014
                                            Joined GMF on September 1, 2014

                                            Latar Belakang Pendidikan | Educational Background:
                                            Master of Management, University of Indonesia (2004)

                                            Riwayat Jabatan | Positional History:

                     Deddy Fezantino
                                            • VP Accounting (2018-2021);
                                            • GM Reporting & Financial Planning (2016-2018);
                                            • GM Payable & Receivable Accounting (2015-2016).



                                            VP Narrow Body Base Maintenance
                                            Usia | Age
                                            45 tahun| 45 years old

                                            Menjabat sejak 2 Desember 2024
                                            Serving since December 2, 2024

                                            Bergabung di GMF pada 24 Agustus 2007
                                            Joined GMF on August 24, 2023

                                            Latar Belakang Pendidikan | Educational Background:
                                            Master’s Degree from IPMI Business School (2014)

                                            Riwayat Jabatan | Positional History:

                            Firman Akasah
                                            • VP Component Maintenance & Specialized Services (2024);
                                            • VP Strategy & Human Capital PT Aerowisata (2021-2023);
                                            • SM Innovation & Digital Transformation (2019-2021);
                                            • GM Planning & Business Support (2018-2019) .


                                            VP SBU Defense Industry
                                            Usia | Age
                                            41 tahun| 41 years old

                                            Menjabat sejak 1 Oktober 2023
                                            Serving since October 1, 2023

                                            Bergabung di GMF pada 21 November 2012
                                            Joined GMF on November 21, 2012

                                            Latar Belakang Pendidikan | Educational Background:
                                            Master of Management, Bandung Institute of Technology (2017)

                    Rajesh Ferdinand        Riwayat Jabatan | Positional History:

                             Kusuma
                                            • VP Sales & Marketing (2021-2023);
                                            • SM Revenue Management & Sales Support (2019-2020);
                                            • Account Manager & Sales (2014-2019).




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                                                        VP Sales & Marketing
                                                        Usia | Age
                                                        54 tahun| 54 years old

                                                        Menjabat sejak 1 Oktober 2023
                                                        Serving since Oktober 1, 2023

                                                        Bergabung di GMF pada 1 Juni 1993
                                                        Joined GMF on June 1, 1993

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Electrical Engineering, Jayabaya University (1998)

                                                        Riwayat Jabatan | Positional History:

                      Asep Mulyana
                                                        • VP SBU Defense Industry (2021-2023);
                                                        • VP SBU Military (2020-2021);
                                                        • KSO Chief of GMF-IAS (2019-2020)



                                                        VP Quality Assurance & Safety
                                                        Usia | Age
                                                        55 tahun| 55 years old

                                                        Menjabat sejak 1 Agustus 2021
                                                        Serving since August 1, 2021

                                                        Bergabung di GMF pada 1 Desember 1994
                                                        Joined GMF on December 1, 1994

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        PhD of Production and Information Science, Utsunomiya University

                                                        Riwayat Jabatan | Positional History:

                        Arif Sugianto
                                                        • SM Safety Inspection (2020-2021);
                                                        • GM Quality System & Auditing Engine Maintenance (2018-2020);
                                                        • GM Aircraft Data Group (2017-2018).



                                                        VP Corporate Secretary & Legal
                                                        Usia | Age
                                                        47 tahun| 47 years old

                                                        Menjabat sejak 21 Juli 2020
                                                        Serving since July 21, 2020

                                                        Bergabung di GMF pada 7 Januari 2019
                                                        Joined GMF on January 7, 2019

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Bachelor of Law, Diponegoro University (1999)

                                                        Riwayat Jabatan | Positional History:

               Rian Fajar Isnaeni
                                                        SM Legal & Corporate Governance (2019-2020)




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                                                                                                   Profil Perusahaan
                                                                                                    Company Profile




                                             VP General Affairs & HSE
                                             Usia | Age
                                             43 tahun| 43 years old

                                             Menjabat sejak 1 Oktober 2020
                                             Serving since October 1, 2020

                                             Bergabung di GMF pada 1 Februari 2008
                                             Joined GMF on February 1, 2008

                                             Latar Belakang Pendidikan | Educational Background:
                                             Master of Management, IPMI Business School (2016)

                                             Riwayat Jabatan | Positional History:

                            Endang Darajat
                                             • VP Financial Analysis & Enterprise Risk Management (2018-2020);
                                             • GM Financial Analysis (2015-2018).




                                             VP Treasury Management
                                             Usia | Age
                                             47 tahun| 47 years old

                                             Menjabat sejak 25 Maret 2019
                                             Serving since March 25, 2019

                                             Bergabung di GMF pada 20 Agustus 2009
                                             Joined GMF on August 20 , 2009

                                             Latar Belakang Pendidikan | Educational Background:
                                             Master of Management, IPMI Business School (2016)

                                             Riwayat Jabatan | Positional History:

                            Indra Prabowo
                                             • Financial Expert (2019);
                                             • GM Cash Management (2018-2019);
                                             • GM Treasury Analysis (2016-2018).



                                             VP Aircraft Support & Industrial Solutions
                                             Usia | Age
                                             50 tahun| 50 years old

                                             Menjabat sejak 1 Agustus 2023
                                             Serving since August 1, 2023

                                             Bergabung di GMF pada 3 Februari 2014
                                             Joined GMF on February 3, 2014

                                             Latar Belakang Pendidikan | Educational Background:
                                             • Bachelor of Engineering, Bandung Institute of Technology (1998);
                                             • Master of Industrial Engineering & Management, Bandung Institute of
                                                Technology (2009)

                   R. Suryo Hardiono         Riwayat Jabatan | Positional History:
                                             • SM Business Support (2020-2023);
                                             • GM Subsidiaries Management (2019-2020)
                                             • GM Strategy Management Office (2016-2019).




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                                                        VP Sales & Marketing
                                                        Usia | Age
                                                        42 tahun| 42 years old

                                                        Menjabat sejak 10 Juli 2023
                                                        Serving since July 10, 2023

                                                        Bergabung di GMF pada 9 Februari 2009
                                                        Joined GMF on February 9, 2009

                                                        Latar Belakang Pendidikan | Educational Background:
                                                        Master of Engineering, University of Indonesia (2008)

                                                        Riwayat Jabatan | Positional History:

                    Fidiarta Andika
                                                        • VP Corporate Strategy & Business Development (2022-2023);
                                                        • VP Component Services (2020-2022);
                                                        • VP Enterprise Risk Management (2019-2020).




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                                                                                                                         Profil Perusahaan
                                                                                                                          Company Profile




                                                                                  Demografi Pegawai
                                                 Employee Demographic [GRI 2-7, 405-1]


    PEGAWAI PERSEROAN                                                      COMPANY EMPLOYEES

    Pengungkapan informasi mengenai demografi pegawai                      Disclosure of information regarding employee demographic
    diperoleh dari sumber internal dan dihitung berdasarkan jumlah         is obtained from internal sources and is calculated based on
    pegawai yang tercatat per 31 Desember 2024.                            the number of employees recorded as of December 31, 2024.

    Jumlah pegawai Perseroan tahun 2024 adalah 5,134 orang, yang           Total number of Company employees in 2024 is 5,134 people,
    terdiri dari 4,175 orang pegawai tetap dan 959 orang pegawai           comprising of 4,175 permanent employees and 959 contract
    tidak tetap. Pegawai Perseroan bekerja di Indonesia, yaitu di          employees. The Company's employees work in Indonesia,
    kantor pusat di Tangerang dan Outstation Line Maintenance              specifically at the head office in Tangerang and Domestic Line
    Domestik di berbagai daerah di Indonesia.                              Maintenance Outstations in various regions in Indonesia.

    Seperti pada tahun sebelumnya, GMF hanya menyajikan                    As in the previous year, GMF only presents the detail
    komposisi rinci terkait demografi hanya untuk pegawai tetap            composition of demography only for its permanent employees
    (di luar entitas anak). Komposisi pegawai tidak tetap hanya            (excluding subsidiaries). The composition of non-permanent
    mencakup 18.68% dari keseluruhan pegawai dan dapat                     employees accounts for only 18.68% of the total workforce
    dikategorikan sebagai non-staf sehingga tidak memiliki dampak          and can be categorized as non-staff, meaning they do not have
    terhadap perkembangan bisnis inti Perseroan. Perseroan tidak           an impact on the Company's core business development. The
    mempekerjakan pegawai paruh waktu dan pegawai dengan jam               Company does not employ part-time employees or employees
    kerja tidak pasti (borongan/non-guaranteed hours employees).           with non-guaranteed working hours (contract/hourly workers).

    Komposisi pegawai tetap selama dua tahun terakhir                      The complete composition of permanent employees for the
    selengkapnya disajikan dalam tabel-tabel berikut:                      last two years is presented in the following tables:


                                                           Status Kepegawaian
                                                            Employment Status
                                                                     2024                                         2023
                      Keterangan
                      Description                  Pria           Wanita            Jumlah        Pria           Wanita              Jumlah
                                                   Male           Female             Total        Male           Female               Total
     Pegawai Tetap                                 3,715             460             4,175       3,906             442               4,348
     Permanent Employee
     Pegawai Tidak Tetap                            864               95              959         467               60                527
     Contract Employee
     Jumlah                                        4,579             555             5,134       4,373             502               4,875
     Total


                                                            Jabatan Pegawai
                                                             Employee Position
                                                                     2024                                         2023
                      Keterangan
                      Description                  Pria           Wanita            Jumlah        Pria          Wanita               Jumlah
                                                   Male           Female             Total        Male          Female                Total
     Vice President                                 16                1               17           17               1                 18
     Senior Manager                                 83               19               102          79              18                 97
     Manager                                        299              37               336         295              35                 330
     Staff                                         3,317             403             3,720       3,515            388                3,903
     Jumlah                                        3,715             460             4,175       3,906            442                4,348
     Total




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                                                          Wilayah Kerja Pegawai
                                                           Employee Operational Area
                                                                     2024                                 2023
                       Keterangan
                       Description                 Pria             Wanita             Jumlah   Pria     Wanita           Jumlah
                                                   Male             Female              Total   Male     Female            Total
     Jakarta                                       3,394              449              3,843    3,574     430                4,004
     Denpasar                                       67                 2                69       71        2                  73
     Surabaya                                       49                 5                54       53        4                  57
     Kualanamu                                      30                 0                 0       28        0                  28
     Makassar                                       42                 2                44       47        2                  49
     Daerah Lainnya (Indonesia)                    133                 2                135     133        4                 137
     Other Areas (Indonesia)
     Jumlah
                                                   3,715              460              4,175    3,906     442                4,348
     Total



                                                     Tingkat Pendidikan Pegawai
                                                              Employee Education
                                                                     2024                                 2023
                       Keterangan
                       Description                 Pria             Wanita             Jumlah   Pria     Wanita           Jumlah
                                                   Male             Female              Total   Male     Female            Total
     Doktoral (S3)                                  2                  -                 2       2         0                  2
     Doctorate
     Magister (S2)                                 123                38                161     124       34                 158
     Master
     Sarjana (S1)                                  1,124              263              1,387    1,101     238                1,339
     Bachelor
     Diploma (D3)                                  1,636              127              1,763    1,741     136                1,877
     Diploma
     Sekolah Menengah Atas                         830                32                862     930       34                 964
     Senior High
     Jumlah
                                                   3,715              460              4,175    3,906     442                4,348
     Total



                                                                Usia Pegawai
                                                                 Employee Age
                                                                     2024                                 2023
                       Keterangan
                       Description                 Pria             Wanita             Jumlah   Pria     Wanita           Jumlah
                                                   Male             Female              Total   Male     Female            Total
     ≥ 51 tahun                                    376                17                393     454       20                 474
     ≥ 51 years old
     31-50 tahun                                   2,001              271              2,272    1,893     251                2,144
     31-50 years old
     ≤ 30 tahun                                    1,338              172              1,510    1,559     171                1,730
     ≤ 30 years old
     Jumlah
                                                   3,715              460              4,175    3,906     442                4,348
     Total



                                                           Jenis Kelamin Pegawai
                                                               Employee Gender
                                     Keterangan
                                                                                                 2024                2023
                                     Description
     Pria                                                                                        3,175               3,906
     Male




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                                                                                                                                     Profil Perusahaan
                                                                                                                                      Company Profile




                                                              Jenis Kelamin Pegawai
                                                                   Employee Gender
                                          Keterangan
                                                                                                            2024                         2023
                                          Description
     Wanita                                                                                                  460                          442
     Female
     Jumlah
                                                                                                            4,715                        4,348
     Total



    PEKERJA YANG BUKAN PEGAWAI                                                 WORKERS WHO ARE NOT EMPLOYEES
    LANGSUNG [GRI 2-8]                                                         [GRI 2-8]

    Aktivitas operasional Perseroan membutuhkan pemasok yang                   The Company’s operational activities require suppliers from
    berasal dari dalam negeri (lokal) dan luar negeri (nonlokal).              within the country (local) and abroad (nonlocal). Workers of
    Para pekerja dari pemasok yang terlibat telah ditempatkan                  suppliers who are involved in GMF’s business performed their
    sesuai dengan perjanjian kerja sama antara Perseroan dengan                work in accordance with the agreement that the Company and
    pemasok.                                                                   suppliers have agreed upon.

    Perusahaan pihak ketiga yang menjadi pemasok tenaga kerja                  The third-party companies supplying labor for GMF in 2024
    bagi GMF pada tahun 2024 tercatat sebanyak 4 perusahaan,                   totaled 4 companies, the same as the number of suppliers in
    sama dengan jumlah pemasok pada tahun 2023.                                2023.

    Berikut adalah jumlah pekerja yang bukan pegawai langsung,                 The following is the number of workers who are not direct
    yang merupakan pemasok GMF:                                                employees and came from GMF suppliers:


                                             Pekerja yang Bukan Merupakan Pegawai Perseroan
                                                   Workers who are Not Employees of the Company
       Jenis Pekerjaan        Keterlibatan                                    Keterangan                                               Jumlah
         Type of duty           Supplier                                      Description                                               Total
     Keamanan               Penyedia Pihak       Para pekerja keamanan di mana Perseroan memiliki kendali atas               155 orang dari 1
     Security               Ketiga               para pekerja yang bertanggung jawab menjaga keamanan di area                perusahaan
                            Third-party Vendor   operasional dan kantor.                                                     155 people from 1
                                                 Security workers, for whom the Company has control, are responsible         company
                                                 for maintaining security in the office and operational area.
     Kebersihan dan         Penyedia Pihak       Para pekerja kebersihan dan lingkungan di mana Perseroan memiliki           83 orang dari 1
     Lingkungan             Ketiga               kendali atas para pekerja yang bertanggung jawab menjaga kebersihan         perusahaan
     Cleanliness and        Third-party Vendor   dan lingkungan di area operasional dan kantor.                              83 people from 1
     Environment                                 Cleaning and environmental workers, also under the Company's control,       company
                                                 are responsible for maintaining cleanliness and the environment in the
                                                 office and operational area.
     Teknis dan Non         Penyedia Pihak       Para pekerja Teknis dan Non Teknis di mana Perseroan memiliki               357orang dari 2
     Teknis                 Ketiga               kendali atas para pekerja yang bertanggung jawab menjalankan                perusahaan
     Technical and Non      Third-party Vendor   tugas dan memastikan aspek teknis dan non teknis tersedia di kantor         357people from 2
     Technical                                   dan area produksi.                                                          company
                                                 Technical and Non-Technical workers, under the Company's control,
                                                 are responsible for carrying out tasks and ensuring technical and
                                                 non-technical aspects are available in office and production areas.
     Administrasi           Penyedia Pihak       Para pekerja Administrasi di mana Perseroan memiliki kendali atas           53 orang dari 2
     Administration         Ketiga               para pekerja yang bertanggung jawab menjalankan tugas Administrasi          perusahaan
                            Third-party Vendor   di area operasional dan kantor.                                             53 people from 2
                                                 Administrative workers, under the Company's control, are responsible        company
                                                 for carrying out administrative tasks in the office and operational area.
     Jumlah                                                                                                                  462 orang dari 3
     Total                                                                                                                   perusahaan
                                                                                                                             462 people from 3
                                                                                                                             company
     Dibandingkan Total Pegawai (termasuk pegawai tidak tetap)                                                               8.97%
     Compared to Total Employees (including contract employees)
     [ESG S-04]




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 Informasi Pemegang Saham
 Information on Shareholders




                                           PEMERINTAH REPUBLIK INDONESIA (melalui                             Masyarakat
           PT TRANS AIRWAYS                  Kementerian Badan Usaha Milik Negara)               (masing-masing kepemilikan di bawah 5%)
                                          Indonesia Government (through the Ministry of State-          Public (ownership less than 5%)
              7,99%                                      Owned Enterprises)
                                                                                                              27,47%
                                                           64,54%




                                                                                                              Masyarakat
                                                    GARUDA INDONESIA
            PT AERO WISATA                                                                       (masing-masing kepemilikan di bawah 5%)
                                               PT Garuda Indonesia (Persero) Tbk
              0,90%
                                                                                                        Public (ownership less than 5%)

                                                           89,10%                                             10,00%




                                                              GMF
                                           PT Garuda Maintenance Facility Aero Asia
                                                                 Tbk




                                                        PT GARUDA DAYA
                                                      PRATAMA SEJAHTERA

                                                              91%




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    KOMPOSISI KEPEMILIKAN SAHAM                                                         SHARE OWNERSHIP COMPOSITION

                                                  Komposisi per 1 Januari 2024 dan 31 Desember 2024
                                                      Composition as of January 1, 2024 and December 31, 2024
                                                                                    Modal Ditempatkan dan Disetor Penuh                          Persentase
                                                                                            Issued and Fully Paid Capital                        Kepemilikan
               Pemegang Saham                     Jumlah Lembar Saham
                                                                                                        (Rp)                                      Ownership
                 Shareholder                        Number of Shares
                                                                                    Nilai Nominal Saham = Rp100/lembar saham                     Percentage
                                                                                        Share Nominal Value = Rp100/share                            (%)
     Kepemilikan saham ≥ 5%
     Share ownership ≥ 5%
     PT Garuda Indonesia (Persero) Tbk                     25,156,058,796                                          2,515,605,879,600                          89.10*
     Kepemilikan saham < 5%
     Share ownership < 5%
     PT Aerowisata                                             254,101,604                                            25,410,160,400                            0.90
     Masyarakat (masing – masing                             2,823,351,100                                           282,335,110,000                           10.00
     kepemilikan <5%)
     Pubic (each with <5% ownership)
     Jumlah                                                28,233,511,500                                          2,823,351,150,000                         100.00
     Total

     Keterangan |
     Notes:
     • Pada tanggal 30 Desember 2024, telah ditandatangani Akta Nomor 11 Perjanjian Pemasukan dalam Perseroan Terbatas (“Akta Inbreng”) dimana PT Garuda
        Indonesia (Persero) Tbk menyerahkan asetnya berupa Hangar sebagai bentuk penyetoran modal dalam rangkaian Penambahan Modal Dengan Hak Memesan
        Efek Terlebih Dahulu dengan nilai nominal saham Rp25/saham, sehingga PT Garuda Indonesia (Persero) Tbk berhak menerima hak atas kepemilikan saham
        sebanyak 9.093.245.600 saham Seri B. Dengan demikian, total kepemilikan saham PT Garuda Indonesia (Persero) Tbk di GMF adalah sebanyak 34.249.304.396
        saham atau setara dengan 91%. Informasi tersebut juga sesuai dengan Daftar Pemegang Saham GMF Per 31 Desember 2024 yang dikeluarkan oleh PT Datindo
        Entrycom selaku Biro Administrasi Efek GMF.
     • Kepemilikan tersebut ditegaskan dalam Akta Anggaran Dasar Nomor 02 tanggal 15 Januari 2025.
     • On December 30, 2024, Deed Number 11 of the Agreement on Contribution into a Limited Liability Company (“Inbreng Deed”) was signed, in which PT Garuda
        Indonesia (Persero) Tbk transferred its asset in the form of a Hangar as a capital contribution in the series of Capital Increase with Preemptive Rights, with
        a nominal share value of Rp25 per share. As a result, PT Garuda Indonesia (Persero) Tbk is entitled to receive ownership rights over 9,093,245,600 Series B
        shares. Consequently, the total share ownership of PT Garuda Indonesia (Persero) Tbk in GMF amounts to 34,249,304,396 shares, equivalent to 91%. This
        information is also in accordance with GMF’s Shareholder Register as of December 31, 2024, issued by PT Datindo Entrycom as GMF’s Share Registrar.
     • This ownership was reaffirmed in the Articles of Association Deed Number 02 dated January 15, 2025.




    INFORMASI PEMEGANG SAHAM                                                            INFORMATION ON THE MAJOR AND
    UTAMA DAN PENGENDALI                                                                CONTROLLING SHAREHOLDERS
    HINGGA PEMILIK AKHIR                                                                UNTIL THE FINAL OWNER

    PT Garuda Indonesia (Persero) Tbk merupakan pemegang saham                          PT Garuda Indonesia (Persero) Tbk is the major and controlling
    utama dan pengendali GMF dengan kepemilikan sebesar 89.10%                          shareholder of GMF with 89.10% ownership in 2024.. Garuda
    saham pada tahun 2024. Garuda Indonesia merupakan maskapai                          Indonesia is a State-Owned Airline, which was established on
    milik Pemerintah Indonesia yang didirikan pada tanggal 31 Maret                     March 31, 1950, as part of the government’s effort to manage
    1950 sebagai bagian dari penataan kedirgantaraan Republik                           national aerospace.
    Indonesia.

    Pada tahun 2008, Garuda Indonesia menjadi satu-satunya                              In 2008, Garuda Indonesia became the only local airline with
    maskapai lokal yang memperoleh sertifikasi IATA Operational                         IATA Operational Safety Audit (IOSA) Operator certification.
    Safety Audit (IOSA) Operator. Garuda Indonesia melakukan                            Garuda Indonesia held an Initial Public Offering (IPO) to the
    Initial Public Offering (IPO) pada tanggal 11 Februari 2011 atas                    public on February 11, 2011, on its 6,335,738,000 shares. Those
    6,335,738,000 sahamnya kepada masyarakat. Saham tersebut                            shares were listed using “GIAA” as its ticker code at Indonesia
    telah dicatatkan pada Bursa Efek Indonesia dengan kode “GIAA”.                      Stock Exchange.


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                                            Komposisi Pemegang Saham Garuda Indonesia
                                                Garuda Indonesia’s Shareholders Composition
                                                     27,46%




                                                                                        64,54%
                                            7,99%




                                   Indonesian Goverment       PT Trans Airways      Public (ownership<5%)


   Hingga akhir tahun 2024, Pemerintah Republik Indonesia                Until the end of 2024, the Indonesian Government owns 64.54%
   memiliki 64.54% saham Garuda Indonesia dan menjadi                    of Garuda Indonesia’s shares and becomes the controlling/major
   pemegang saham pengendali/utama Garuda Indonesia. Dengan              shareholder. Therefore, the final owner of GMF is the Indonesian
   demikian, entitas pemilik akhir GMF adalah Pemerintah                 Government.
   Republik Indonesia.

   KEPEMILIKAN SAHAM DEWAN                                               THE BOARD OF COMMISSIONERS AND
   KOMISARIS DAN DIREKSI                                                 DIRECTORS’ SHARE OWNERSHIP

                                        31 Desember 2024                                               1 Januari 2024
                                        December 31, 2024                                              January 1, 2024
       Nama dan Posisi
      Name and Position                                   Kepemilikan Tidak                                         Kepemilikan Tidak
                             Kepemilikan Langsung                                    Kepemilikan Langsung
                                                               Langsung                                                  Langsung
                               Direct Ownership                                        Direct Ownership
                                                          Indirect Ownership                                        Indirect Ownership

    DEWAN KOMISARIS
    BOARD OF COMMISSIONERS

    Dharmadi                        Nihil                        Nihil                         Nihil                         Nihil
    Komisaris Utama                 None                         None                          None                          None
    President Commissioner


    Rahmat Hanafi                   Nihil                        Nihil                         Nihil                         Nihil
    Komisaris                       None                         None                          None                          None
    Commissioner

    Ali Gunawan                     Nihil                        Nihil                         Nihil                         Nihil
    Komisaris Independen            None                         None                          None                          None
    I n d e p e n d e n t
    Commissioner

    Abhan                           Nihil                        Nihil                         Nihil                         Nihil
    Komisaris Independen            None                         None                          None                          None
    I n d e p e n d e n t
    Commissioner

    Agit Atriantio                  Nihil                        Nihil                         Nihil                         Nihil
    Komisaris                       None                         None                          None                          None
    Commissioner

    DIREKSI
    BOARD OF DIRECTORS

    Andi Fahrurrozi                144,400                      0,00051                       144,400                       0,00051
    Direktur Utama
    President Director




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                                               31 Desember 2024                                         1 Januari 2024
                                               December 31, 2024                                        January 1, 2024
         Nama dan Posisi
        Name and Position                                    Kepemilikan Tidak                                        Kepemilikan Tidak
                                Kepemilikan Langsung                                   Kepemilikan Langsung
                                                                  Langsung                                                 Langsung
                                  Direct Ownership                                       Direct Ownership
                                                             Indirect Ownership                                       Indirect Ownership

     Irvan Pribadi                     62,800                      0,00022                     62,800                         0,00022
     Direktur Base Operation
     Director of Base
     Operations

     Pudjo Sarwoko                     89,200                      0,00032                     89,200                         0,00032
     Direktur Human Capital
     & Corporate Affairs
     Director of Human
     Capital & Corporate
     Affairs

     Salusra Satria                    Nihil                        Nihil                      Nihil                           Nihil
     Direktur Keuangan                 None                         None                       None                            None
     Director of Finance

     Mukhtaris                         Nihil                        Nihil                      Nihil                           Nihil
     Direktur Line Operation           None                         None                       None                            None
     Director of Line
     Operation


    Kepemilikan saham anggota Direksi (Manajemen) pada                      Share ownership over the Company by members of the Board of
    tabel merupakan kepemilikan langsung yang didapat dari                  Directors (the Management) is categorized as direct ownership
    program kepemilikan saham oleh karyawan melalui program                 through the Company’s Employee Stock Allocation (“ESA”) when
    Employee Stock Allocation (“ESA”) yang diadakan Perseroan               those Directors were still the Company’s employees and when
    ketika Direktur yang bersangkutan masih berstatus sebagai               the purchase was made personally on the secondary market.
    pegawai Perseroan dan pada saat melakukan pembelian pribadi             Members of the Board of Commissioners and Directors have
    pada pasar sekunder. Anggota Dewan Komisaris dan Direksi                no indirect ownership over the Company. Further information
    tidak memiliki kepemilikan saham tidak langsung terhadap                concerning Management’s share ownership is available in the
    Perseroan. Keterangan lebih lanjut mengenai kepemilikan oleh            MESOP program within the chapter of Management Analysis
    Manajemen dapat dilihat pada program MESOP yang terdapat                and Discussion.
    di Bab Analisis dan Pembahasan Manajemen.

    KELOMPOK PEMEGANG SAHAM                                                 GROUP OF SHAREHOLDERS
    DENGAN KEPEMILIKAN <5%                                                  WITH <5% OWNERSHIP

                                                1 Januari 2024                                         31 Desember 2024
                                                January 1, 2024                                        December 31, 2024
         Kelompok
      Pemegang Saham                                                Persentase                                                   Persentase
                                Jumlah                                                  Jumlah
         Groups of                              Jumlah Lembar      Kepemilikan                           Jumlah Lembar          Kepemilikan
                                Pemilik                                                 Pemilik
        Shareholders                               Saham            Ownership                               Saham                Ownership
                               Number of                                               Number of
                                               Number of Shares     Percentage                          Number of Shares         Percentage
                                Owners                                                  Owners
                                                                        (%)                                                          (%)
     DOMESTIK
     DOMESTIC
     Perorangan                      9.450        1.008.628.860                3,57           9.259        1.016.966.160                3,60
     Individual
     Koperasi                              2         14.850.100                0,05                2          14.850.100                0,05
     Cooperation
     Yayasan                               -                  -                   -                -                      -                   -
     Foundation
     Dana Pensiun                          6       767.378.300                 2,71                6         767.244.900                2,71
     Pension Fund
     Asuransi                              6       678.414.700                 2,40                6         675.824.800                2,39
     Insurance
     Perseroan Terbatas                11        25.561.110.400               90,53              10       25.560.932.200                90,5
     Limited Liability
     Company
     Lembaga Keuangan                      -                  -                   -                -                      -                   -
     Financial Institutions


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                                                1 Januari 2024                                                    31 Desember 2024
                                                January 1, 2024                                                   December 31, 2024
        Kelompok
     Pemegang Saham                                                      Persentase                                                       Persentase
                             Jumlah                                                             Jumlah
        Groups of                              Jumlah Lembar            Kepemilikan                                Jumlah Lembar         Kepemilikan
                             Pemilik                                                            Pemilik
       Shareholders                               Saham                  Ownership                                    Saham               Ownership
                            Number of                                                          Number of
                                              Number of Shares           Percentage                               Number of Shares        Percentage
                             Owners                                                             Owners
                                                                             (%)                                                              (%)
    Bank                                1             161.050.000                   0,57                     1        161.050.000                      0,57
    Bank
    Sub Jumlah                     9.476        28.191.432.360                     99,85               9.284        28.196.868.160                    99,87
    Sub Total
    ASING
    FOREIGN
    Perorangan                          32             12.159.400                   0,04                     29           6.406.900                    0,02
    Individual
    Badan Usaha                         13             29.919.300                   0,10                     11         32.236.000                     0,10
    Business Entity
    Sub Jumlah                          45             42.078.700                   0,15                     40         36.642.900                     0,12
    Sub Total
    JUMLAH
                                   9.623        28.233.511.060                    100,00               9.324       28.233.511.060                 100,00
    TOTAL


                                       Pergerakan Jumlah Pemegang Saham < 5% Sepanjang 2024
                                                     Movement of <5% Shareholders Throughout 2024

              9.700

              9.600                                                                                                                   9.362
                        9.533
              9.500             9.492
                                             9.402                                                     9.382
                                                       9.373    9.342
                                                                          9.320                                    9.304 9.336
               9.400                                                                9.283      9.242

               9.300

               9.200

               9.100

               9.000
                         Jan     Feb         Mar        Apr     May        Jun       Jul        Aug      Sep        Oct      Nov       Dec


                                                                        Shareholders


   20 PEMEGANG SAHAM TERBESAR                                                     20 LARGEST SHAREHOLDERS

                                                                                             Klasifikasi
                                                                                                                                         Persentase
                                                                                             (L=Lokal/            Jumlah Lembar
                                                                                                                                        Kepemilikan
                       Nama Investor                             Status                       A=Asing)               Saham
     No.                                                                                                                                 Ownership
                       Investor Name                             Status                     Classification          Number of
                                                                                                                                         Percentage
                                                                                              (L=Local/              Shares
                                                                                                                                             (%)
                                                                                             A=Foreign)

      1.    GARUDA INDONESIA (PERSERO)                PERSEROAN TERBATAS                          L               25.156.058.796              89,1
            TBK, PT                                   LIMITED LIABILITY
                                                      COMPANY

      2.    PT. JASA RAHARJA (PERSERO)                ASURANSI                                    L                435.323.000                1,541
                                                      INSURANCE

      3.    PT TASPEN (ASURANSI) - AFS                DANA PENSIUN                                L                425.000.000                1,505
                                                      PENSION FUND

      4.    AERO WISATA, PT                           PERSEROAN TERBATAS                          L                254.101.604                0,90
                                                      LIMITED LIABILITY
                                                      COMPANY

      5.    PT ASURANSI JIWA IFG                      ASURANSI                                    L                184.972.600                0,655
                                                      INSURANCE



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                                                                           Klasifikasi
                                                                                                                  Persentase
                                                                           (L=Lokal/       Jumlah Lembar
                                                                                                                 Kepemilikan
                            Nama Investor               Status              A=Asing)          Saham
      No.                                                                                                         Ownership
                            Investor Name               Status            Classification     Number of
                                                                                                                  Percentage
                                                                            (L=Local/         Shares
                                                                                                                      (%)
                                                                           A=Foreign)

       6.     PT ASABRI (PERSERO) - DAPEN TNI   DANA PENSIUN                    L           175.000.000              0,619
                                                PENSION FUND

       7.     PT ASABRI (PERSERO) - DAPEN       DANA PENSIUN                    L           162.500.000              0,575
              POLRI                             PENSION FUND

       8.     PERUM JAMKRINDO                   BANK                            L           161.050.000              0,570
                                                BANK

       9.     PT YULIE SEKURITAS INDONESIA PERSEROAN TERBATAS                   L           142.778.500              0,505
              TBK                          LIMITED LIABILITY
                                           COMPANY

       10.    JOHAN GANI                        PERORANGAN INDONESIA            L           47.691.400               0,168
                                                LOCAL INDIVIDUAL

       11.    IR KOMARI SUBAKIR                 PERORANGAN INDONESIA            L           30.012.800               0,106
                                                LOCAL INDIVIDUAL

       12.    PT. ASKRINDO                      ASURANSI                        L           30.000.000               0,106
                                                INSURANCE

       13.    LIE CHANDRA                       PERORANGAN INDONESIA            L           26.550.000               0,094
                                                LOCAL INDIVIDUAL

       14.    ROBERT DANIEL WALONI              PERORANGAN INDONESIA            L           20.771.800               0,073
                                                LOCAL INDIVIDUAL

       15.    SUNYOTO                           PERORANGAN INDONESIA            L           16.280.600               0,057
                                                LOCAL INDIVIDUAL

       16.    IRWAN SOETIKNO                    PERORANGAN INDONESIA            L           15.484.100               0,054
                                                LOCAL INDIVIDUAL

       17.    FERRY DARMAWAN                    KOPERASI                        L           15.451.100               0,054
                                                COOPERATION

       18.    SEAN JOVI                         PERORANGAN INDONESIA            L           14.352.000               0,050
                                                LOCAL INDIVIDUAL

       19.    KO P E R A S I S I M PA N P I N JA M PERORANGAN INDONESIA         L           14.100.100               0,049
              NUSANTARA SEJAHTERA MANDIRI LOCAL INDIVIDUAL


       20.    HENDRA GUNAWAN                    PERORANGAN INDONESIA            L           13.801.300               0,048
                                                LOCAL INDIVIDUAL




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   Daftar Entitas Anak, Entitas Asosiasi, Joint
   Venture (JV), Special Purpose Vehicle (SPV)
   List of Subsidiaries, Associates, Joint Venture (JV), Special
   Purpose Vehicle (SPV)


                                                                                          Kepemilikan
                                                                                             Oleh          Jumlah aset
                                                                    Penyertaan Modal,
                                                                                             GMF            (Rp Juta)
                         Bidang                                     Pendirian, Operasi
      Nama                                         Alamat                                 Ownership by     Total Assets        Status
                          Usaha                                     Capital Investment,
      Name                                         Address                                   GMF           (Rp Million)        Status
                       Business Line                                  Establishment,
                                                                                              (%)
                                                                       Operational
                                                                                          2024   2023     2024     2023

    Entitas Anak
    Subsidiaries

    PT Garuda      Jasa penyediaan tenaga    Jalan       H u s e i n 2019                   91      91   108,682   90,047    Beroperasi
    D a y a        kerja dan jasa borongan   Sastranegara Blok                                                               Operating
    Pratama        pekerjaan lainnya         F Nomor 2, Rukun
    Sejahtera      Labor supply and other    Tetangga 005, Rukun
                   wholesale services        Warga 004, Kelurahan
                                             Jurumudi, Kecamatan
                                             Benda, Kota Tangerang,
                                             Provinsi Banten 15124




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        Kronologi Penerbitan dan Pencatatan Saham
                                               Chronology of Share Issuance and Listing




    GMF mencatatkan sahamnya pertama kali di Bursa Efek              GMF listed its shares for the first time on the Indonesia
    Indonesia (BEI) pada tanggal 10 Oktober 2017. GMF                Stock Exchange (IDX) on October 10, 2017. GMF offered
    menawarkan 2.823.351.100 saham biasa atas nama atau              2,823,351,100 common, registered stock or 10% of the
    10% dari modal ditempatkan dengan harga penawaran                issued capital, offering Rp400 per share to the public. GMF
    Rp400 per saham kepada masyarakat. Saat IPO terjadi over         experienced an oversubscribed IPO by 2.6 times and gained a
    subscribe sebanyak 2,6 kali dengan nilai proceed sebesar         proceed value of Rp1,129,340,440,000.
    Rp1.129.340.440.000.

    Sejak mencatatkan sahamnya di BEI pada tanggal 10 Oktober        Since registered its shares in IDX on October 10, 2017, until the
    2017 hingga akhir tahun 2024, GMF tidak melakukan                end of 2024, GMF had never conducted any of the following
    pemecahan saham (stock split), penggabungan saham (reverse       corporate actions that might add or deduce its capital, among
    stock), mengeluarkan saham bonus, merubah nilai nominal          others, stock split, reverse stock, however, GMF is in the process
    saham, mengeluarkan efek konversi, namun pada tahun 2024,        of implementing Capital Increase with Pre-Emptive Rights or
    GMF dalam proses pelaksanaan Penambahan Modal Dengan             Rights Issue.
    Hak Memesan Efek Terlebih Dahulu (“PMHMETD”) atau Rights
    Issue.

    PMHMETD dilaksanakan sesuai dengan Keputusan Rapat               PMHMETD is implemented in accordance with the Decision
    Umum Pemegang Saham Luar Biasa yang diselenggarakan              of General Meeting of Shareholders on October 28, 2024 and
    pada tanggal 28 Oktober 2024 dan berdasarkan Keterbukaan         based on Disclosure Information which published on September
    Informasi yang telah dipublikasikan pada tanggal 9 September     9, 2024.
    2024.


         Jumlah Lembar Saham Sebelum IPO       Jumlah Lembar Saham Setelah Penambahan            Jumlah Lembar Saham Akumulasi
             Share Numbers Before IPO              Share Numbers After the Addition                Accumulated Share Numbers

                        665.600                              28.232.845.900                               28.233.511.500


                                                Kronologi Kepemilikan Saham GMF
                                                    GMF Share Ownership Chronology

                                                                                           Modal Ditempatkan              Persentase
                                                                     Jumlah Lembar          dan Disetor Penuh            Kepemilikan
                    Keterangan               Pemegang Saham
                                                                         Saham             Issued and Fully Paid          Ownership
                    Description                Shareholders
                                                                     Share Numbers                Capital                 Percentage
                                                                                                   (Rp)                       (%)

     Pra IPO 10 Oktober 2017 (Nilai Nominal PT Garuda Indonesia               658.944            164.736.000.000                  99,00
     Saham = Rp250.000/lembar saham)        (Persero) Tbk
     Before IPO on October 10, 2017 (Share
     Value = Rp250,000/share)               PT Aero Wisata                       6.656             1.664.000.000                   1,00

                                           Jumlah                             665.600            166.400.000.000                 100,00
                                           Total




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                                                         Kronologi Kepemilikan Saham GMF
                                                               GMF Share Ownership Chronology

                                                                                                        Modal Ditempatkan            Persentase
                                                                                Jumlah Lembar            dan Disetor Penuh          Kepemilikan
                   Keterangan                         Pemegang Saham
                                                                                    Saham               Issued and Fully Paid        Ownership
                   Description                          Shareholders
                                                                                Share Numbers                  Capital               Percentage
                                                                                                                (Rp)                     (%)

    Pasca IPO per 31 Desember 2024                PT Garuda Indonesia 25.156.058.796                 2.515.605.879.600            89,10
    (Nilai Nominal Saham = Rp100/lembar           (Persero) Tbk
    saham)
    After IPO as of December 31, 2024             PT Aero Wisata               254.101.604           25.410.160.400               0,90
    (Share Value = Rp100/share)
                                                  Dewan Komisaris dan 296.400                        29.640.000                   0,00
                                                  Direksi
                                                  Board of Commissioners
                                                  and Directors

                                                  Masyarakat (masing- 2.823.054.700                  282.305.470.000              10,00
                                                  masing kepemilikan < 5%)
                                                  Public (each with < 5%
                                                  ownership)

                                                  Jumlah                       28.233.511.500        2.823.351.150.000            100
                                                  Total



   Berikut adalah kronologis pelaksanaan PMHMETD yang telah                     The following is the chronology if PMHMETD issuance which
   dilakukan sampai dengan 31 Desember 2024:                                    has been done until December 31, 2024:


                                          Tanggal                                                           Peristiwa
      No.
                                           Date                                                               Event

       1.      9 September 2024                                                Keterbukaan Informasi
               September 9, 2024                                               Information Disclosure

       2.      14 Oktober 2024 dan 24 Oktober 2024                             Perubahan dan/atau Tambahan Keterbukaan Informasi
               October 14, 2024 and October 24, 2024                           Amendment and/or Additional Disclosure Information

       3.      28 Oktober 2024                                                 Rapat Umum Pemegang Saham Luar Biasa
               October 28, 2024                                                Extraordinary General Meeting of Shareholders

       4.      30 Oktober 2024                                                 Registrasi OJK
               October 30, 2024                                                Registration to OJK

       5.      12 Desember 2024                                                Surat Pernyataan Efektif dari OJK
               December 12, 2024                                               Effective Letter from OJK

       6.      16 Desember 2024                                                Penerbitan Prospektus
               December 16, 2024                                               Prospectus Issuance

       7.      30 Desember 2024                                                Penandatanganan Akta Inbreng
               December 30, 2024                                               Signing the Deed

   Catatan | Notes:
   Proses PMHMETD baru efektif pada tanggal 15 Januari 2025.




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                                           Informasi Kronologi Penerbitan
                                              dan Pencatatan Efek Lainnya
                     Chronological Information on Other Securities Issuance
                                                                and Listing


    Hingga akhir tahun 2024, GMF tidak mencatatkan efek di bursa        By the end of 2024, GMF had not listed any securities on any
    efek mana pun. Dengan demikian tidak ada informasi terkait          stock exchange. Therefore, there was no information related
    kronologis pencatatan, jenis tindakan korporasi, perubahan          to chronological listings, types of corporate actions, changes
    jumlah efek, nama bursa maupun peringkat efek.                      in the number of securities, the names of stock exchanges, or
                                                                        securities rankings.




                              Lembaga dan Profesional Penunjang
                                                     Supporting Agencies and Professionals


     Pencatatan Saham
     Share Listing

     Nama                          PT Bursa Efek Indonesia
     Name                          Indonesia Stock Exchange Building 1st Tower
                                   Jl. Jenderal Sudirman Kav. 52-53, Jakarta 12190
                                   Telp: 021 5150 515
                                   Email: listing@idx.co.id
                                   www.idx.co.id

     Jasa yang Diberikan           Jasa pencatatan saham tahunan.
     Services                      Annual stock listing services.

     Periode Pemberian Jasa        Oktober 2017-sekarang
     Assignment Period             October 2017-present

     Jasa Penugasan                Biaya jasa pencatatan saham tahunan sebesar Rp250,000,000.
     Fees                          Annual Listing Fee as of Rp250,000,000.




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    Kustodian Sentral Efek
    Sentral Custody Securities

    Nama                         PT Kustodian Sentral Efek Indonesia
    Name                         Gedung Bursa Efek Indonesia, Tower 1, Lt. 5
                                 Jl. Jend. Sudirman kav. 52-53, Jakarta 12190 Indonesia
                                 Telp: 021 5152 855
                                 Email: helpdesk@ksei.co.id

    Jasa yang Diberikan          Jasa Kustodian Sentral Efek
    Services                     Central Custody Services

                                 Jasa penyelenggaraan RUPS Tahunan dan Luar Biasa
                                 Holding of Annual and Extraordinary GMS services

    Periode Pemberian Jasa       Oktober 2017-sekarang
    Assignment Period            October 2017-present

    Jasa Penugasan               •   Biaya jasa Kustodian Sentral Efek tahunan sebesar Rp11,100,000
    Fees                             Annual fee of Central Custody Services Rp11,100,000 per year
                                 •   Biaya jasa penyelenggaraan RUPS Tahunan dan Luar Biasa Rp12,487,000
                                     Holding of Annual and Extraordinary GMS services fee Rp12,487,000



    Akuntan Publik
    Public Accountant

    Nama                         Kantor Akuntan Publik Rintis, Jumadi, Rianto & Rekan
    Name                         WTC 3, Jl. Jend. Sudirman Kav. 29-31, Jakarta 12920
                                 +62 21 5212901
                                 www.pwc.com

    Jasa
    Services                     •   Audit Laporan Keuangan Konsolidasian Interim Q2 2024
                                     Audited the Company’s Interim Consolidated Financial Statement for Q2 2024
                                 •   Audit Laporan Keuangan Perseroan Tahun Buku 2024
                                     Audited the Company’s Financial Statement for 2024 Financial Year

    Periode Penugasan            2024
    Assignment Period

    Jasa Penugasan
    Fees                         •   Biaya jasa sebesar Rp2,680,757,111 dengan capped out of pocket expense sebesar Rp51.000.000,-
                                     untuk pekerjaan Audit Laporan Keuangan Konsolidasian Interim Q2 2024.
                                     Service fee of Rp2,680,757,111 with capped out of expense as much as Rp51,000,000 for the audit of
                                     the Company’ Interim Consolidated Financial Statement for Q2 2024.
                                 •   Biaya jasa sebesar Rp3,653,090,636 dengan capped out of pocket expense sebesar Rp51,000,000 untuk
                                     pekerjaan Audit Laporan Keuangan pada tahun 2024.
                                     Service fee of Rp3,653,090,636 with capped out of expense as much as Rp51,000,000 for audited the
                                     Company’s Financial Statement in 2024.




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     Biro Administrasi Efek
     Share Registrar

     Nama                     PT Datindo Entrycom
     Name                     Jl Hayam Wuruk No.28 Kebon Kelapa, Gambir, Jakarta 10120
                              +62 21 3508077
                              www.datindo.com

     Jasa                     •   Administrasi saham pasar sekunder
     Services                     Administration of share ownership on the secondary market
                              •   Pelaksanaan RUPS Tahunan dan Luar BIasa
                                  Annual and Extraordinary GMS holding
                              •   Pengelolaan Pencatatan Saham pada Proses PMHMETD
                                  Management of Registration in Rights Issue Process

     Periode Penugasan        Oktober 2017-sekarang
     Assignment Period        October 2017-present

     Jasa Penugasan           •   Biaya jasa administrasi saham Pasar Sekunder sebesar Rp40,000,000 per tahun
     Fees                         Secondary Market Share Administration fee Rp40,000,000 per year
                              •   Biaya jasa pelaksanaan RUPS Tahunan dan Luar Biasa Rp22,200,000
                                  Annual and Extraordinary General Meeting of Shareholders fee Rp22,200,000
                              •   Biaya jasa pengelolaan Pencatatan Saham pada Proses PMHMETD Rp44,400,000
                                  Management of Registration in Rights Issue Process fee Rp44,400,000



     Notaris
     Notary

     Nama                     Shanti Indah Lestari, S.H., M.Kn.
     Name                     Jl. Mahakam F 34/7 Pondok Indah, Kutabumi, Pasar Kemis, Tangerang 15560
                              +62 81808391586

     Jasa                     Jasa Notaris RUPS Tahunan, RUPS Luar Biasa, dan proses PMHMETD
     Services                 Notary Services for Annual GMS, Extraordinary GMS, and Rights Issue Process

     Periode Penugasan        2024
     Assignment Period

     Jasa Penugasan           Biaya jasa Notaris RUPS Tahunan, RUPS Luar Biasa, dan proses PMHMETD Rp4,174,438,008
     Fees                     Notary Services for Annual GMS, Extraordinary GMS, and Rights Issue Process fee Rp4,174,438,008



     Firma Hukum
     Law Firm

     Nama                     Tjajo and Partners Law Firm (TNP)
     Name

     Jasa                     •   Jasa Firma Hukum dalam RUPS Luar Biasa
     Services                     Law Firm Services for Extraordinary GMS
                              •   Jasa Firma Hukum dalam PMHMETD.
                                  Law Firm Services for Rights Issue Process

     Periode Penugasan        2024
     Assignment Period

     Jasa Penugasan           Biaya jasa Firma Hukum dalam RUPS Luar Biasa dan proses PMHMETD sebesar Rp675,000,000
     Fees                     Law Firm for Extraordinary GMS and Rights Issue Process fee Rp675,000,000




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  Kerja Sama Dengan Mitra Lain
  Cooperation with Other Partners


  Pada tahun 2024, GMF terus mengelola kerja sama yang telah       GMF maintains its ongoing cooperation through selection
  berlangsung melalui aktivitas seleksi dan ekspansi, khususnya    and expansion, which during 2023, focused on Supply Chain
  untuk area Supply Chain Management, Sales & Marketing,           Management, Sales & Marketing, Banking, and Human
  Perbankan dan Sumber Daya Manusia (SDM). Kerja sama juga         Resources (HR). The form of cooperation also covers Joint
  dilakukan melalui pembentukan Joint Operation dalam rangka       Operation to expand the market and increase revenues.
  memperluas pasar dan meningkatkan pendapatan GMF.

  Adapun bentuk kerja sama yang telah dilakukan GMF dengan         The types of cooperation between GMF and other partners
  mitra lain sepanjang tahun 2024 adalah sebagai berikut:          throughout 2024 were as follows:

  Mitra Domestik:                                                  Domesti Partners:
  1. PT Garuda Indonesia (Persero) Tbk                             1. PT Garuda Indonesia (Persero) Tbk
  2. PT Citilink Indonesia                                         2. PT Citilink Indonesia
  3. PT Pelita Air Service                                         3. PT Pelita Air Service
  4. Kementerian Pertahanan Republik Indonesia                     4. Kementerian Pertahanan Republik Indonesia
  5. PT Indonesia AirAsia                                          5. PT Indonesia AirAsia
  6. PT Kilang Pertamina Internasional                             6. PT Kilang Pertamina Internasional
  7. PT Pertamina Power Indonesia                                  7. PT Pertamina Power Indonesia
  8. PT Pelayanan Listrik Nasional Batam                           8. PT Pelayanan Listrik Nasional Batam
  9. PT Pertamina Hulu Energi OSES                                 9. PT Pertamina Hulu Energi OSES
  10. PT Airfast Indonesia                                         10. PT Airfast Indonesia
  11. PT Pertamina EP                                              11. PT Pertamina EP
  12. PT BBN Airlines Indonesia                                    12. PT BBN Airlines Indonesia
  13. PT Kereta Api Indonesia (Persero)                            13. PT Kereta Api Indonesia (Persero)

  Mitra Internasional:                                             International Partnes:
  1. Cebu Air, Inc.                                                1. Cebu Air, Inc.
  2. Avolon Aerospace Leasing Limited                              2. Avolon Aerospace Leasing Limited
  3. Korean Air Lines Co., Ltd.                                    3. Korean Air Lines Co., Ltd.
  4. National Air Cargo Holdings, Inc.                             4. National Air Cargo Holdings, Inc.
  5. Fiji Airways                                                  5. Fiji Airways
  6. AirAsia X Berhad                                              6. AirAsia X Berhad
  7. Aerotranscargo FZE                                            7. Aerotranscargo FZE
  8. Asiana Airlines, Inc.                                         8. Asiana Airlines, Inc.
  9. Vietjet Aviation Joint Stock Company                          9. Vietjet Aviation Joint Stock Company
  10. Oman Air S.A.O.C.                                            10. Oman Air S.A.O.C.
  11. Max Air Ltd.                                                 11. Max Air Ltd.
  12. Thai AirAsia X Co., Ltd                                      12. Thai AirAsia X Co., Ltd

  KERJA SAMA DENGAN INSTITUSI                                      COOPERATION WITH LOCAL
  DALAM NEGERI DAN LUAR NEGERI                                     AND FOREIGN INSTITUTIONS

  Kerja sama dengan institusi lokal dan asing menjadi salah satu   Collaboration with local and foreign institutions is one of
  faktor kunci untuk meningkatkan daya saing dan memperluas        the key factors in enhancing competitiveness and expanding
  jangkauan bisnis. Industri MRO sangat bergantung pada            business reach. The MRO industry heavily relies on cutting-
  teknologi mutakhir, regulasi penerbangan yang ketat, serta       edge technology, stringent aviation regulations, and a deep
  pemahaman mendalam terhadap kebutuhan pelanggan global.          understanding of global customer needs. This drives GMF to
  Hal ini mendorong GMF untuk menjalin kolaborasi dengan           establish collaborations with various parties, both domestically
  berbagai pihak, baik di dalam maupun luar negeri.                and internationally.



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    Berbagai bentuk kerja sama yang dilakukan GMF adalah             The various forms of collaboration undertaken by GMF
    menjalin hubungan dengan kedutaan besar serta institusi          include establishing relationships with embassies and foreign
    perdagangan asing, instansi pemerintah seperti Departemen        trade institutions, government agencies such as the Ministry
    Perindustrian, dan ikut serta dalam kegiatan networking dengan   of Industry, and participating in networking activities with
    para pengusaha global dalam beberapa pameran di dalam negeri     global business players at several exhibitions both domestically
    dan di luar negeri. Perseroan juga aktif menjalin kerja sama     and abroad. The Company is also actively collaborating with
    dengan universitas-universitas ternama di dalam negeri untuk     leading universities in the country for human resource (HR)
    pengembangan sumber daya manusia (SDM).                          development.

    Adapun kerja sama yang terus berlangsung dengan mitra lain       The ongoing collaborations with other partners throughout
    sepanjang tahun 2024 adalah sebagai berikut:                     2024 are as follows:
    1. Kementerian Perhubungan Direktorat Jendral Perhubungan        1. Ministry of Transportation, Directorate General of Civil
        Udara KUPBU Kelas I                                              Aviation, Class I KUPBU
    2. Politeknik Penerbangan Indonesia Curug                        2. Indonesian Aviation Polytechnic Curug
    3. Politeknik Negeri Malang                                      3. Malang State Polytechnic
    4. Universitas Dirgantara Marsekal Suryadarma                    4. Marsekal Suryadarma Aerospace University
    5. Politeknik Negeri Sriwijaya                                   5. Sriwijaya State Polytechnic
    6. Institut Teknologi Dirgantara Adisutjipto                     6. Adisutjipto Institute of Aerospace Technology
    7. Organisasi Riset Nanoteknologi dan Material Badan Riset       7. Research Organization for Nanotechnology and Materials,
        dan Inovasi Nasional                                             National Research and Innovation Agency
    8. Yayasan Benih Baik Indonesia                                  8. Benih Baik Indonesia Foundation
    9. Yayasan Wujud Inklusi Bersama                                 9. Wujud Inklusi Bersama Foundation
    10. Pusat Pengembangan Sumber Daya Manusia Perhubungan           10. Center for Human Resources Development in Civil Aviation
        Udara




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  Informasi Situs Web GMF
  GMF Website




                                                                                                     gmf-aeroasia.co.id




  GMF telah memenuhi ketentuan umum atas informasi yang            GMF has fulfilled the general requirements on Issuers’ or
  diwajibkan oleh regulator sebagaimana yang tertuang dalam        Public Companies’ website as stated in OJK Regulation No.
  Peraturan OJK No. 8/POJK.04/2015 tentang Situs Web Emiten        8/POJK.04/2015.
  atau Perusahaan Publik.

  GMF memiliki situs web resmi www.gmf-aeroasia.co.id yang         GMF has an official website at www.gmf-aeroasia.co.id in
  tersedia dalam Bahasa Indonesia dan Bahasa Inggris. Situs web    Indonesian and English. The GMF website displays Company
  GMF menampilkan informasi Perseroan yang dapat diakses oleh      information accessible by the stakeholders and the general
  pemangku kepentingan maupun masyarakat umum.                     public.


                                                      Informasi                                          Website GMF
      No.
                                                     Information                                         GMF Website

      1.    Informasi Perseroan
            Company Information

      2.    Informasi Bagi Pemodal atau Investor
            Information for Investors

      3.    Informasi Tata Kelola Perusahaan
            Information on Corporate Governance

      4.    Informasi Tanggjung Jawab Sosial Perusahaan
            Information on Corporate Social Responsibility




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                                                     Informasi Menu Website GMF
                                                          Website Menu of GMF

                            Informasi Perusahaan                                          Corporate Information

     •    Visi - Misi                                               •   Vision - Mission
     •    Sejarah Singkat GMF                                       •   History & Short Brief of GMF
     •    Dewan Komisaris & Direksi                                 •   BOC & BOD
     •    Pelanggan Kami                                            •   Our Customers
     •    Penghargaan & Pencapaian                                  •   Awards & Achievements
     •    Sertifikat                                                •   Certificate
     •    CSR                                                       •   CSR
     •    Pendekatan Kemanusiaan & Keramahan Indonesia              •   Human Touch & Indonesian Hospitality

                                Layanan Kami                                                    Our Services

     •    Commercial Aircraft MRO                                   •   Commercial Aircraft MRO
     •    GMF Defense                                               •   GMF Defense
     •    Power Services                                            •   Power Services
     •    AOG Support                                               •   AOG Support
     •    Kunjungi Fasilitas Kami                                   •   Explore Our Facility

                                    Fasilitas                                                    Facilities

     •    Sekilas Hanggar                                           •   Hanggar Overview
     •    Fasilitas Lain                                            •   Other Facilities

                             Hubungan Investor                                              Investor Relations

     •    Laporan Tahunan                                           •   Annual Reports
     •    Laporan Keberlanjutan                                     •   Sustainability Reports
     •    Laporan RUPS                                              •   GMF Report
     •    Laporan Keuangan                                          •   Financial Report
     •    Harga Saham                                               •   Stock Price
     •    Keuntungan Berinvestasi di GMF                            •   Why You Should Invest in GMF
     •    Laporan Bisnis Bulanan                                    •   Monthly Business Update

                              Anak Perusahaan                                                    Subsidiary

     GDPS                                                           GDPS

                                  Ruang Berita                                                  News Room

     •    Siaran Pers                                               •   Press Release
     •    Kegiatan & Konferensi                                     •   Event & Conference

                            Tata Kelola Perusahaan                                        Corporate Governance

     •    Praktik GCG                                               •   GCG Practices
     •    Komite Audit                                              •   Audit Committee
     •    Pengadaan                                                 •   Procurement

                                Hubungi Kami                                                     Contact Us

     •    Info Kontak Perusahaan                                    •   Corporate Contact Info
     •    Sales & Marketing                                         •   Sales & Marketing

                                     Karir                                                        Career

     Lowongan & Program Magang                                      Jobs Vacancy & Internship




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Page 115
 ANALISIS DAN
 PEMBAHASAN
  MANAJEMEN
Management Discussion and
                 Analysis
Page 116
  Tinjauan Perekonomian dan Industri
  Industrial and Economic Review


  EKONOMI GLOBAL TETAP TUMBUH                                         GLOBAL ECONOMIC GROWTH
  DI TENGAH KETIDAKPASTIAN                                            AMIDST UNCERTAINTY

  Proyeksi pertumbuhan ekonomi global pada tahun 2024                 The global economic growth projection for 2024, according
  menurut IMF World Economic Outlook Update (Jan-                     to the IMF World Economic Outlook Update (Jan-2025), is
  2025) diperkirakan mencapai 3,2% (y-on-y). Menurun bila             estimated to reach 3.2% (y-on-y), a decline compared to the
  dibandingkan pertumbuhan tahun 2023 sebesar 3,3% (y-on-y).          3.3% (y-on-y) growth recorded in 2023. Amidst the projected
  Di tengah proyeksi penurunan pertumbuhan ekonomi global,            slowdown in global economic growth, global inflation for 2024
  proyeksi inflasi global pada tahun 2024 diperkirakan mencapai       is expected to reach 5.7% (y-on-y), compared to 6.7% (y-on-y)
  5,7% (y-on-y) dibandingkan tahun 2023 sebesar 6,7% (y-on-y).        in 2023. Inflation remains high but is moving lower.
  Tingkat inflasi tetap tinggi, namun bergerak lebih rendah.

  Pertumbuhan ekonomi negara mitra dagang utama Indonesia             The economic growth of Indonesia’s main trading partner
  cukup bervariasi pada tahun 2024. Tiongkok tercatat tumbuh          countries varies in 2024. China recorded a growth of 5.0%
  5,0% (c-to-c) dibandingkan 5,4% (c-to-c) pada tahun 2023. Amerika   (c-to-c), compared to 5.4% (c-to-c) in 2023. The United States
  Serikat tercatat tumbuh 2,8% (c-to-c) dibandingkan 2,9% (c-to-c)    recorded a growth of 2.8% (c-to-c), compared to 2.9% (c-to-c) in
  pada tahun 2023. Lain halnya dengan kedua negara tersebut,          2023. Unlike these two countries, ASEAN countries experienced
  negara-negara ASEAN mengalami pertumbuhan. Singapura                growth. Singapore recorded a growth of 4.0% (c-to-c), compared
  tercatat tumbuh 4,0% (c-to-c) dibandingkan 1,0% (c-to-c) pada       to 1.0% (c-to-c) in 2023, while Malaysia also experienced growth
  tahun 2023 dan Malaysia juga mengalami pertumbuhan yaitu 4,0%       of 4.0% (c-to-c), compared to 1.1% (c-to-c) in 2023.
  (c-to-c) dibandingkan 1,1% (c-to-c) pada tahun 2023.

  Ekonomi global tetap dapat bertumbuh dengan stabil di tengah        The global economy remains capable of stable growth despite
  situasi ketegangan geopolitik yang terus berlangsung. Dunia sudah   ongoing geopolitical tensions. The world has increasingly
  semakin beradaptasi dengan ketidakseimbangan pasokan dan            adapted to supply imbalances and has begun seeking
  mulai mencari alternatif untuk mengantisipasinya. Walaupun          alternatives to mitigate them. However, supply chains remain
  demikian, rantai pasok masih terganggu dan kebutuhan tidak          disrupted, and demand cannot be fully met due to supply and
  dapat sepenuhnya terpenuhi karena adanya ketidakseimbangan          demand imbalances, forcing producers to seek new markets
  penawaran dan permintaan yang memaksa produsen mencari              abroad to ensure business profitability. This has prompted
  pasar baru di luar negeri untuk memastikan profitabilitas usaha.    countries to prioritize increasing domestic trade protection
  Hal ini memicu negara-negara untuk lebih memilih meningkatkan       policies by imposing high tariffs on imports. Central banks have
  kebijakan proteksi perdagangan dalam negeri dengan memasang         also been compelled to raise interest rates to combat inflation.
  tarif tinggi untuk impor. Bank sentral juga terpacu meningkatkan
  suku bunga bank demi melawan inflasi.

  Situasi ekonomi global yang penuh tantangan juga                    The challenging global economic situation has also affected
  mempengaruhi harga minyak mentah Indonesia (Indonesian              Indonesia’s crude oil price (Indonesian Crude Price or “ICP”).
  Crude Price atau “ICP”). Kementerian Energi dan Sumber Daya         The Ministry of Energy and Mineral Resources (ESDM) set the
  Mineral (ESDM) telah menetapkan ICP pada bulan Desember             ICP at USD71.61 per barrel in December 2024, a decline from
  2024 berada pada level USD71.61 yang menurun dibandingkan           USD71.83 per barrel in November 2024. The decline in global
  dengan Bulan November 2024 dengan nilai USD71.83 per                crude oil prices was influenced by factors such as the weakening
  barel. Terjadi penurunan harga minyak mentah di pasar               Chinese economy, which led to slower growth in China’s crude
  internasional yang dipengaruhi antara lain oleh melemahnya          oil demand. Another contributing factor was the Organization
  perekonomian Tiongkok yang menyebabkan perlambatan                  of the Petroleum Exporting Countries (OPEC) revising down
  pertumbuhan permintaan minyak mentah China. Faktor                  the global oil demand forecast and the strengthening of the
  lain yang mempengaruhi adalah revisi Organization of the            US Dollar against major world currencies, reaching its highest
  Petroleum Exporting Countries (OPEC) terhadap tingkat               level in the past two years.
  permintaan minyak dunia yang menurun dan penguatan nilai
  tukar Dollar Amerika Serikat terhadap mata uang utama dunia
  lain yang mencapai rekor tertinggi dalam dua tahun terakhir.


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                                                                                              Analisis dan Pembahasan Manajeme
                                                                                              Management Discussion and Analysis




    EKONOMI NASIONAL RESILIEN DI                                     RESILIENT NATIONAL ECONOMY
    TENGAH KETIDAKPASTIAN GLOBAL                                     AMIDST GLOBAL UNCERTAINTY

    Dari sisi domestik, Indonesia terlihat mengalami pertumbuhan     From a domestic perspective, Indonesia has experienced
    ekonomi yang relatif stabil. Berdasarkan data yang dirilis       relatively stable economic growth. According to data released by
    oleh Badan Pusat Statistik (BPS), perekonomian nasional          the Central Statistics Agency (BPS), the national economy grew
    tercatat tumbuh sebesar 5.03% (c-to-c), mempertahankan           by 5.03% (c-to-c), maintaining a growth trend above 5% since the
    tren pertumbuhan di atas 5% sejak kuartal keempat tahun          fourth quarter of 2021. This consistent growth demonstrates
    2021. Konsistensi pertumbuhan ekonomi memperlihatkan             Indonesia’s ability to recover from the pandemic crisis. The main
    kemampuan Indonesia untuk bangkit dari krisis pandemi.           drivers of this growth include the significant contribution from
    Pendorong utama pertumbuhan ini adalah kontribusi yang           Non-Profit Institutions Serving Households (PK-LNPRT), which
    besar dari Lembaga Non-Profit yang Melayani Rumah Tangga         grew by 12.48%, and the positive performance of the “Other
    (PK-LNPRT), yang tumbuh 12.48%, dan kinerja positif sektor       Services” sector, which increased by 9.80%.
    "Jasa Lainnya" yang mengalami kenaikan sebesar 9.80%.

    Tahun politik 2024 berperan penting dalam pertumbuhan            The 2024 political year played an important role in economic
    ekonomi yang mendorong pengeluaran politik yang signifikan,      growth by driving substantial political spending, including
    termasuk dalam bentuk bantuan sosial dan berbagai kegiatan       social assistance and various campaign activities aimed at
    kampanye untuk menarik simpati masyarakat. Sektor “Jasa          gaining public support. The “Other Services” sector also made
    Lainnya” juga berkontribusi signifikan terhadap pertumbuhan      a significant contribution to economic growth, supported by
    ekonomi, didorong oleh meningkatnya aktivitas rekreasi,          increased recreational activities following a surge in both
    seiring dengan lonjakan jumlah wisatawan domestik maupun         domestic and international tourists.
    mancanegara.

    Indonesia juga berhasil menjaga stabilitas ekonomi dengan        Indonesia has also successfully maintained economic stability
    inflasi yang tetap terkendali. Hingga Desember 2024,             with controlled inflation. As of December 2024, the national
    tingkat inflasi nasional tercatat sebesar 1.57%, masih berada    inflation rate stood at 1.57%, remaining within the national
    dalam kisaran target nasional sebesar 2.5% ±1%. Angka ini        target range of 2.5% ±1%. This figure represents a significant
    menunjukkan penurunan yang signifikan dibandingkan 2.61%         decline from 2.61% in December 2023, reflecting the success
    pada Desember 2023, mencerminkan keberhasilan kebijakan          of macroeconomic policies in maintaining price stability. Lower
    makroekonomi dalam menjaga stabilitas harga. Inflasi yang        inflation positively impacts people’s purchasing power and
    lebih rendah memberikan dampak positif terhadap daya beli        boosts business confidence.
    masyarakat serta meningkatkan kepercayaan pelaku usaha.

    Sementara itu, Indeks Manajer Pembelian (PMI) Manufaktur         Meanwhile, the Manufacturing Purchasing Managers’ Index
    kembali ke level ekspansif di angka 51.2 pada Desember 2024      (PMI) returned to an expansionary level of 51.2 in December
    setelah sebelumnya mengalami kontraksi. Peningkatan ini          2024 after previously experiencing contraction. This increase
    menunjukkan optimisme di sektor manufaktur, mencerminkan         indicates optimism in the manufacturing sector, reflecting rising
    peningkatan aktivitas produksi dan kepercayaan bisnis. PMI       production activities and business confidence. A PMI above 50
    yang berada di atas level 50 menandakan ekspansi ekonomi,        signifies economic expansion, which is crucial for industries
    yang penting bagi industri yang bergantung pada rantai pasok     relying on domestic supply chains and production output.
    domestik dan output produksi.

    Selain itu, pertumbuhan investasi sebesar 4.61%, yang didorong   Additionally, investment growth of 4.61%, driven by
    oleh proyek infrastruktur serta pengeluaran kampanye politik,    infrastructure projects and political campaign spending, has
    semakin memperkuat momentum ekonomi dan menciptakan              further strengthened economic momentum and created
    peluang ekspansi bisnis yang lebih luas.                         broader business expansion opportunities.




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  MOBILITAS MASYARAKAT                                                     HIGHER MOBILITY
  TERUS MENINGKAT

  Mobilitas masyarakat terus meningkat pada tahun 2024 yang                Public mobility continued to increase in 2024, in line with the
  berbanding lurus dengan peningkatan aktivitas pariwisata                 growth of domestic and international tourism activities. This
  nusantara dan mancanegera. Situasi ini membawa dampak positif            situation has had a positive impact on the aviation industry,
  bagi industri penerbangan yang erat kaitannya dengan aktivitas           which is closely related to GMF’s business activities. The
  usaha GMF. Situasi positif mobilitas masyarakat dan industri             positive trend in public mobility and the tourism industry is
  pariwisata diperkirakan akan terus berlanjut pada tahun 2025.            expected to continue in 2025.

                                      Peningkatan Jumlah Penumpang di Seluruh Moda Transportasi
                                                Higher Passenger Level in Every Public Transport




                  17.81%                                         20.46%                                          5.70%



                   (c-to-c)                                        (c-to-c)                                      (c-to-c)
                 Angkutan Rel                                  Angkutan Laut                                 Angkutan Udara
                 Rail Transport                                Sea Transport                                  Air Transport



                                       Peningkatan Jumlah Perjalanan dan Kunjungan Wisatawan
                                                         Higher Tourist Visits and Trips




                              21.61%                                                                 19.05%



                                  (c-to-c)                                                            (c-to-c)
               Jumlah Perjalanan Wisatawan Nusantara                                  Jumlah Kunjungan Wisatawan Mancanegara
                  Number of Domestic Tourist Trips                                       Number of International Tourist Visits


  BPS mencatat bahwa perjalanan wisata domestik pada tahun                 BPS recorded that domestic tourism trips in 2024 reached
  2024 mencapai 1.02 miliar perjalanan dan merupakan angka                 1.02 billion trips, marking the highest figure since 2019, or
  tertinggi sejak tahun 2019 atau sebelum pandemi. Bahkan                  before the pandemic. This number is even significantly higher
  sudah jauh lebih tinggi dibandingkan dengan sebelum pandemi,             than the pre-pandemic level, where in 2019, there were only
  di mana tahun 2019 hanya ada 722 juta perjalanan.                        722 million trips.

  Peningkatan jumlah perjalanan wisata domestik juga diikuti               The increase in domestic tourism trips was also followed by a
  oleh jumlah kunjungan wisatawan mancanegara (wisman)                     rise in the number of international tourist visits to Indonesia.
  ke Indonesia. BPS mencatat akumulasi jumlah wisman                       BPS recorded a total of 12.66 million international tourist
  sepanjang Januari hingga November 2024, sebanyak 12.66                   visits from January to November 2024, an increase of 20.17%
  juta kunjungan, naik 20.17% dibanding periode yang sama pada             compared to the same period in the previous year, which saw
  tahun sebelumnya, yang memperoleh 11.68 juta kunjungan.                  11.68 million visits. This achievement marks a record high for
  Perolehan ini menjadi catatan rekor jumlah kunjungan                     international tourist visits to Indonesia in the past five years,
  wisman bagi pariwisata Indonesia sejak lima tahun terakhir,              following the figures of 3.8 million visits in 2020 and the lowest
  setelah sebelumnya pada tahun 2020 mencatatkan 3.8 juta                  record of 1.3 million visits in 2021.
  kunjungan, disusul 2021 dengan perolehan terendah yakni
  1.3 juta kunjungan.




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                                                                                                   Analisis dan Pembahasan Manajeme
                                                                                                   Management Discussion and Analysis




    INDUSTRI PENERBANGAN DAN MRO                                         AVIATION AND MRO INDUSTRY

    Indonesia National Air Career Association (INACA) mencatat           The Indonesia National Air Carrier Association (INACA)
    bahwa pada periode Januari hingga September 2024, data               recorded that during the period from January to September
    sementara jumlah penumpang pesawat maskapai berjadwal rute           2024, the provisional data on the number of scheduled domestic
    domestik berjumlah 44,3 juta penumpang, lebih rendah 10%             airline passengers reached 44.3 million passengers, which is
    dari periode Januari hingga September 2023 yang berjumlah            10% lower than the 49.2 million passengers recorded in the
    49,2 juta penumpang.                                                 same period in 2023.

    Pada tahun 2024, biaya penerbangan masih tergolong tinggi            In 2024, flight costs remained relatively high, mainly influenced
    terutama dipengaruhi oleh penguatan nilai tukar Dolar AS (USD)       by the strengthening of the US Dollar (USD) against the
    terhadap Rupiah. Kurs rata-rata dolar pada tahun 2024 pada           Indonesian Rupiah. The average exchange rate of the dollar in
    Desember 2024 telah mencapai Rp15.840 per USD, naik 14%              December 2024 had reached Rp15,840 per USD, an increase of
    bila dibandingkan kondisi pada saat pandemi yaitu Rp13.901           14% compared to the pandemic period, which was Rp13,901 per
    per USD. Naiknya kurs Dolar AS ini juga mempengaruhi                 USD. The rise in the US Dollar exchange rate also contributed
    naiknya harga avtur, harga spareparts, sewa pesawat, dan             to the increase in aviation fuel (avtur) prices, spare parts costs,
    komponen lainnya yang menggunakan acuan mata uang USD,               aircraft leasing fees, and other components that reference USD,
    sehingga membuat naiknya biaya yang ditanggung maskapai              leading to higher operational costs for airlines.
    penerbangan.

    Situasi ini juga tidak ideal bagi industri MRO. Sejumlah tantangan   This situation is also not ideal for the MRO industry. Several
    membuat pasokan spareparts pesawat mengalami masalah,                challenges have caused supply issues for aircraft spare parts,
    terutama mengenai bea masuk bagi sebagian besar spareparts           particularly regarding import duties on most aircraft spare
    pesawat. Dari 472 item HS Code spareparts pesawat, baru              parts. Out of 472 HS Code items for aircraft spare parts, only
    123 HS Code yang mendapat bea masuk 0% sehingga masih                123 HS Codes have a 0% import duty, leaving 349 HS Codes
    ada 349 HS Code atau sekitar 74% dengan jumlah 22.349 part           (approximately 74%) or around 22,349 part numbers still
    number yang masih dikenakan bea masuk 2,5% hingga 22,5%.             subject to import duties ranging from 2.5% to 22.5%.

    Permasalahan bea masuk mengakibatkan adanya backlog                  The issue of import duties has resulted in aircraft and spare
    pesawat dan spareparts tidak hanya di Indonesia, namun secara        parts backlogs, not only in Indonesia but globally, as a prolonged
    global sebagai dampak berkepanjangan dari pandemi. Situasi ini       impact of the pandemic. This situation affects the performance
    mempengaruhi kinerja industri MRO untuk mengoptimalkan               of the MRO industry in optimizing the number of aircraft
    jumlah pesawat yang tersedia dan siap untuk terbang                  available and ready for flight (airworthy).
    (airworthy).

    Di tengah berbagai tantangan, potensi pasar industri MRO             Despite these challenges, the global MRO market still holds
    secara global masih sangatlah besar. Presedence Research,            enormous potential. Presedence Research, a leading provider of
    penyedia informasi pasar strategis terkemuka, memperkirakan          strategic market insights, estimates that the global air transport
    pasar MRO transportasi udara global mencapai USD86,46                MRO market will reach USD86.46 billion in 2024, increase to
    miliar pada tahun 2024, meningkat menjadi USD90,96 miliar            USD90.96 billion in 2025, and is projected to hit approximately
    pada tahun 2025, dan diprediksi mencapai sekitar USD 143,55          USD143.55 billion by 2034, with a compound annual growth
    miliar pada tahun 2034, dengan tingkat pertumbuhan tahunan           rate (CAGR) of 5.2% between 2024 and 2034.
    gabungan (CAGR) sebesar 5,2% antara tahun 2024 dan 2034.

    Potensi pasar MRO transportasi udara di Asia Pasifik tercatat        The air transport MRO market in the Asia Pacific region holds
    yang paling besar dengan pangsa pendapatan 32% pada tahun            the largest potential, accounting for 32% of revenue in 2023.
    2023. Pada tahun 2024, pasar Asia Pasifik tercatat memiliki          In 2024, the Asia Pacific market is estimated to be valued at
    potensi USD29,40 miliar dan diperkirakan akan tumbuh dengan          USD29.40 billion and is expected to grow at the fastest CAGR
    CAGR tercepat sebesar 5,4% selama periode perkiraan.                 of 5.4% during the forecast period.

    Asia Pasifik mendominasi pasar MRO transportasi udara karena         Asia Pacific dominates the air transport MRO market due to the
    ekspansi industri penerbangan yang pesat, meningkatnya               rapid expansion of the aviation industry, increasing demand for
    permintaan perjalanan udara, dan bertambahnya jumlah armada          air travel, and the growing number of aircraft fleets. Indonesia
    pesawat. Indonesia termasuk salah satu negara di Asia Pasifik        is among the countries in the Asia Pacific region experiencing
    yang mengalami pertumbuhan ekonomi stabil dan resilien,              stable and resilient economic growth, driving investments in
    mendorong investasi dalam infrastruktur penerbangan dan              aviation infrastructure and MRO services.
    layanan MRO.




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   Pada tahun 2024, terdapat maskapai baru yaitu Blue Bird Nordic                     In 2024, a new airline, Blue Bird Nordic Airlines Indonesia, under
   Airlines Indonesia dengan nama brand “BBN Airlines Indonesia”                      the brand name “BBN Airlines Indonesia,” was introduced as
   yang merupakan bagian dari Avia Solutions Group asal Irlandia.                     part of the Ireland-based Avia Solutions Group. The entry of a
   Kedatangan pemain baru dari luar negeri tentunya memberikan                        new international player presents a positive outlook, indicating
   pandangan positif bahwa Indonesia dipandang sebagai pasar                          that Indonesia is perceived as a prospective market with its
   prospektif dengan lokasinya yang strategis. Hal ini tentunya                       strategic location. This will be an opportunity for GMF to further
   akan menarik bagi GMF untuk semakin memperkuat kapasitas                           strengthen its aircraft maintenance capacity to accommodate
   maintenance pesawat untuk mengakomodasi kebutuhan MRO                              the growing MRO demand for expanding airline fleets.
   armada yang terus berkembang.



                              Pasar Global MRO Sektor Transportasi Penerbangan 2023 hingga 2032 (USD Miliar)
                                                Global Air Transport MRO Market Size 2023 to 2032 (USD Billion)
                                                                 $100.67




                                                                            $105.90




                                                                                       $111.41




                                                                                                  $117.20




                                                                                                             $123.29




                                                                                                                        $129.71




                                                                                                                                   $136.45




                                                                                                                                              $143.55
                     $82.19




                                                       $95.69
                                  $86.46




                                            $90.96




                    2023         2024      2025       2026      2027       2028       2029       2030       2031       2032       2033       2034


   Sumber | Source: www.precedenceresearch.com




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                                                                                            Analisis dan Pembahasan Manajeme
                                                                                            Management Discussion and Analysis




                                                             Kebijakan Strategis 2024
                                                                                      2024 Strategic Policy


    Sesuai yang tercantum pada Rencana Kerja dan Anggaran           As stated in the 2024 Company Work Plan and Budget, and in
    Perusahaan tahun 2024, dan sejalan dengan pertumbuhan           line with the growth of the aviation industry post-pandemic,
    industri penerbangan pasca pandemi, Perseroan melakukan         the Company is undertaking various initiatives to continue
    berbagai inisiatif untuk terus meningkatkan kondisi keuangan    improving its financial condition and maintaining operational
    dan menjaga kondisi operasional. Hal ini dilakukan agar         performance. These efforts are aimed at achieving sustainable
    Perseroan dapat mewujudkan sustainable profitable growth        and profitable growth, ensuring that profits are not only
    untuk memastikan bahwa keuntungan yang diperoleh                momentary but contribute to future business sustainability.
    tidak hanya untuk keuntungan sesaat, tetapi juga untuk          Based on the Company’s current condition and performance,
    keberlangsungan bisnis di masa depan. Dengan melihat kondisi    the programs set for 2024 were as follows:
    dan performa Perseroan, maka program yang ditetapkan pada
    tahun 2024 adalah sebagai berikut:

    1. Peningkatan Profitabilitas                                   1. Increasing Profitability
       Beberapa langkah yang dilakukan untuk dapat                     Several initiatives have been undertaken to improve
       menumbuhkan tingkat profitabilitas yaitu:                       profitability, including
       a. Operational excellence di seluruh segmen bisnis,             a. Operational excellence across all business segments
          melalui upaya-upaya peningkatan perencanaan                      through improved maintenance planning, enhanced
          perawatan, peningkatan kualitas pekerjaan, optimalisasi          work quality, cost optimization, supply chain
          biaya, optimalisasi supply chain management, serta               management efficiency, and human capital development.
          pengembangan kompetensi SDM.
       b. Pengembangan bisnis di area Power Services &                 b. Business development in the Power Services &
          Government                                                      Government

        Sebagai bentuk diversifikasi bisnis, Perseroan terus           As a part of the Company’s diversification strategy to
        mengembangkan kapabilitas dan pasar untuk segmen               develop capabilities and expand market reach in this
        Power Services & Government melalui sinergi pelanggan          segment through customer synergies and collaboration
        dan kerja sama dengan stakeholder terkait, sehingga            with key stakeholders, thus contributing positively to the
        diharapkan dapat memberikan kontribusi positif terhadap        Company’s performance.
        kinerja Perseroan.

    2. Restrukturisasi Utang & Optimasi Arus Kas                    2. Debt Restructuring & Cash Flow Optimization
       Sebagai upaya pengelolaan arus kas dan menjaga likuiditas       To manage cash flow and maintain business liquidity, the
       usaha, program restrukturisasi utang dan optimasi arus          Company is continuing its debt restructuring and cash flow
       kas terus dilaksanakan Perseroan, melanjutkan program           optimization programs initiated in the previous year.
       di tahun sebelumnya.

        Restrukturisasi utang dilakukan mencakup pinjaman              Debt restructuring covers both long-term and short-term
        jangka panjang maupun pendek dari perbankan. Selain itu,       bank loans. The Company is also optimizing the settlement
        Perseroan juga melakukan optimalisasi dalam penyelesaian       of obligations to vendors.
        kewajiban kepada vendor.

        Dalam pengelolaan arus kas, Perseroan menyesuaikan             In terms of cash flow management, the Company is
        alokasi cash flow operasional, menerapkan self-project         reallocating operational cash, implementing self-project
        financing, serta memanfaatkan operating cash untuk             financing, and utilizing operating cash to support both
        mendukung kebutuhan bisnis dan investasi strategis.            business operations and strategic investments.




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   3. Perbaikan Ekuitas                                            3. Equity Improvement
      Pada 2024, Perseroan melaksanakan perbaikan ekuitas             In 2024, the Company enhanced its equity through an asset
      melalui skema asset swap to equity. Proses ini mencakup         swap-to-equity scheme. This process involves inbreng from
      inbreng aset dari PT Garuda Indonesia Tbk, selaku induk         PT Garuda Indonesia Tbk, the Company’s parent entity, and
      usaha Perseroan, dimana asset yang diinbreng-kan berupa         the contributed assets are hangars, workshops, and other
      Hangar, Workshop, dan fasilitas operasional MRO lainnya.        MRO operational facilities. This process is executed through
      Adapun proses ini dilakukan menggunakan skema right             a rights issue scheme with Pre-emptive Rights (HMETD).
      issue dengan Hak Memesan Efek Terlebih Dahulu (HMETD).

      Selain tiga strategi utama tersebut, GMF juga terus             In addition to these three main strategies, GMF continues
      melanjutkan kemitraan dengan maskapai, MRO, dan OEM.            to build partnerships with airlines, MROs, and OEMs. GMF
      GMF telah mengembangkan bisnis Landing Gear melalui             has expanded its Landing Gear business through strategic
      kerja sama strategis dengan regional MRO. Selain itu, GMF       collaborations with regional MROs. GMF is also actively
      juga mengeksplorasi peluang di Engine Shop, Airframe,           exploring opportunities in the Engine Shop, Airframe, and
      serta diversifikasi ke sektor Government dan Industrial         diversifying into the Government & Industrial Gas Turbine
      Gas Turbine Engine.                                             Engine sectors.

      Strategi usaha juga mencakup aspek lainnya di luar bisnis,      The Company’s business strategy also emphasizes non-
      terutama melalui optimalisasi penerapan Good Corporate          commercial aspects, particularly the optimization of
      Governance (GCG) dan internal process, serta memastikan         Good Corporate Governance (GCG) implementation and
      aspek transparansi dalam pelaporan keuangan tetap terjaga.      internal processes, while also committed to maintaining
      Sehubungan dengan telah dicabutnya keberlakukan                 transparency in financial reporting. In light of the revocation
      indikator implementasi GCG pada lingkungan BUMN dan             of GCG implementation indicators within the SOE
      mempertimbangkan bahwa pada tahun sebelumnya GCG                environment and considering the prior independent GCG
      Assessment telah dilakukan oleh asesor independen, maka         assessment, the Company conducted a self-assessment
      pada tahun 2024 Perseroan melakukan self assessment             in 2024 using the evaluation method stipulated by the
      implementasi GCG dengan menggunakan metode penilaian            Financial Services Authority Regulation (POJK).
      yang ditetapkan oleh Peraturan Otoritas Jasa Keuangan
      (POJK).




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                                                                                                 Analisis dan Pembahasan Manajeme
                                                                                                 Management Discussion and Analysis




                                                                                    Aspek Pemasaran
                                                                                                  Marketing Aspect


    PANGSA PASAR                                                        MARKET SHARE

    GMF melayani konsumen bisnis menggunakan pendekatan                 GMF serves business consumers with a business-to-business
    business to business (B2B) dan membagi pangsa pasarnya ke           (B2B) approach, dividing its market share into several categories
    dalam beberapa kategori yaitu grup afiliasi (GA) dan non-grup       of affiliate group (GA) and non-affiliate group (NGA), as well as
    afiliasi (NGA), serta pasar global dan domestik.                    global and domestic markets.

    GMF terus memperkuat kehadirannya di pasar dengan                   GMF continues to strengthen its market presence by leveraging
    memanfaatkan jaringan domestik yang luas serta posisinya            its extensive domestic network and strategic position in
    yang strategis di Indonesia. Sebagai penyedia layanan MRO           Indonesia. As a leading MRO service provider, GMF serves
    terkemuka, GMF melayani dua segmen pasar utama: (1) pasar           two main market segments: (1) the domestic market, consisting
    domestik, yang terdiri dari maskapai penerbangan Indonesia          of Indonesian airlines and other companies requiring MRO
    dan perusahaan lain yang membutuhkan layanan MRO di dalam           services within the country, and (2) the global market, which
    negeri, serta (2) pasar global, yang mencakup klien internasional   includes international clients conducting business activities
    yang memiliki aktivitas usaha di wilayah Indonesia.                 in Indonesia.

    Dalam upaya memperluas pangsa pasar, GMF menjalankan                To expand its market share, GMF implements various marketing
    berbagai inisiatif pemasaran yang disesuaikan dengan masing-        initiatives tailored to each segment. For the domestic market,
    masing segmen. Khusus pasar domestik, GMF mengoptimalkan            GMF optimizes its advantage through its extensive Outstation
    keunggulannya melalui jaringan Outstation Line Maintenance          Line Maintenance network, which is present at nearly all
    yang tersebar di hampir seluruh bandara di Indonesia,               airports across Indonesia. This ensures reliable and efficient
    memastikan layanan yang andal dan efisien bagi mitra maskapai.      services for airline partners, making it a key competitive edge
    Jangkauan yang luas ini menjadi nilai tambah yang signifikan        in attracting new clients and securing long-term contracts.
    dalam menarik klien baru dan mengamankan kontrak jangka
    panjang.

    Meskipun GMF tidak memiliki jaringan operasional di luar            Although GMF does not have operational networks abroad, its
    negeri, strategi pemasaran tetap difokuskan untuk menjangkau        marketing strategy remains focused on reaching international
    klien internasional yang beroperasi di Indonesia. GMF secara        clients operating in Indonesia. GMF actively promotes its
    aktif mempromosikan kapabilitasnya melalui pendekatan               capabilities through direct customer engagement, building
    langsung kepada pelanggan, membangun kemitraan strategis,           strategic partnerships, and participating in various aviation
    serta berpartisipasi dalam berbagai pameran industri                industry exhibitions and global business forums. Through these
    penerbangan dan forum bisnis tingkat global. Dengan cara            efforts, GMF can still tap into the international market and
    ini, GMF tetap mampu menjangkau pasar internasional dan             attract foreign airlines and aviation companies seeking MRO
    menarik maskapai asing serta perusahaan penerbangan yang            services in Indonesia.
    membutuhkan layanan MRO di Indonesia.

    Khusus untuk pangsa pasar GA, Perseroan melakukan transaksi         For GA, the Company is transacting with related parties from
    dengan pihak-pihak berelasi dari Group Garuda Indonesia             Garuda Indonesia Group as defined in PSAK 7 (2015 revision)
    sebagaimana didefinisikan dalam PSAK 7 (revisi 2015)                of “Related Party Disclosures”.
    “Pengungkapan Pihak-Pihak Berelasi".




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                                          Pangsa Pasar Group Afiliasi dan Non-Group Afiliasi
                                           Market Share by Group Affiliation and Non-Group Affiliation

                                                          2024                                                    2023
               Uraian
                                            Jumlah                  Komposisi                     Jumlah                   Komposisi
             Description
                                              Total                Composition                      Total                 Composition
                                             (USD)                     %                           (USD)                      %

    GA                                       317,741,156                      75.43%                     217,679,801                 75.96%

    NGA                                      103,482,030                      24.57%                      68,879,333                 24.04%



   Segmen pasar GA mencakup Garuda Indonesia Group dan                     GA’s market segment includes the Garuda Indonesia Group,
   Perseroan berperan untuk mendukung operasional Group                    and the Company’s role is to support the Group’s operations
   sehingga dapat memberikan pelayanan yang unggul dan nilai               to provide superior service and added value to its customers.
   tambah kepada para pelanggannya.

   Pasar NGA merupakan segmen pasar di luar Garuda Indonesia               The NGA market refers to a market segment outside the
   Group dari sektor BUMN, swasta, maupun luar negeri. Hingga              Garuda Indonesia Group, vary from SOEs, private companies,
   akhir tahun 2024, klien di segmen NGA adalah maskapai kargo             and foreign customers. By the end of 2024, clients in the NGA
   internasional, lessor, perusahaan pembangkit listrik, dan               segment covered international cargo airlines, lessors, power
   beberapa maskapai internasional lainnya.                                generation companies, and several other international airlines.

   Pendapatan dari segmen GA masih mendominasi total                       Revenue from the GA segment still dominates the Company’s
   pendapatan Perseroan pada tahun 2024 yaitu sebesar 75.5%.               total revenue in 2024 at 75.5%. This portion of revenue has
   Porsi pendapatan ini mengalami penurunan dibandingkan                   decreased compared to the previous year. Although the GA
   tahun sebelumnya. Meski secara persentase pada segmen                   segment experienced a percentage decline, it still recorded a
   GA tersebut mengalami penurunan, namun secara nominal                   nominal increase compared to the previous year. In addition,
   tetap mengalami peningkatan dibandingkan tahun sebelumnya.              NGA customers contributed 24.5% of the Company’s total
   Selain itu, pelanggan NGA sendiri menyumbang 24.5% dari                 revenue in 2024.
   total pendapatan Perseroan pada tahun 2024.

   Hingga akhir tahun 2024, pelanggan-pelanggan Perseroan di               As of the end of 2024, the Company’s customers in the
   segmen NGA adalah maskapai internasional, maskapai kargo                NGA segment included international airlines, international
   internasional, lessor, perusahaan pembangkit listrik, perusahaan        cargo airlines, lessors, power generation companies, railway
   kereta api dan beberapa perusahaan lainnya.                             companies, and several other businesses.

   Perseroan juga memiliki pangsa pasar berdasarkan pangsa                 The Company also has market shares based on global and
   pasar global dan domestik. Pangsa pasar global yang dimiliki            domestic market shares. The Company’s global market share
   Perseroan mencakup negara-negara di wilayah Asia Tenggara,              includes countries in Southeast Asia, East Asia, South Asia,
   Asia Timur, Asia Selatan, Timur Tengah, Eropa, Oceania, Afrika.         Middle East, Europe, Oceania, Africa. GMF currently has 69
   GMF saat ini memiliki 69 kantor perwakilan domestik yang                domestic representative offices spread across all major airports
   tersebar di seluruh bandara besar di tanah air dari Sabang              in the country from Sabang to Merauke.
   sampai Merauke.


                                                            Pangsa Pasar Global
                                                              Global Market Share

                                                          2024                                                    2023
               Uraian
                                            Jumlah                  Komposisi                      Jumlah                  Komposisi
             Description
                                             Total                 Composition                      Total                 Composition
                                            (MUSD)                     %                          (MUSD)                      %

    Jumlah Pendapatan Industri MRO
    dari Pasar Global
                                                  110,692                     100.0%                         87,595                  100.0%
    Total MRO Industry Revenues
    from Global Markets




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                                                            Pangsa Pasar Global
                                                             Global Market Share

                                                        2024                                                 2023
                  Uraian
                                           Jumlah                  Komposisi                   Jumlah                     Komposisi
                Description
                                            Total                 Composition                   Total                    Composition
                                           (MUSD)                     %                       (MUSD)                         %

     Pendapatan Kompetitor dari Pasar
     Global
                                                110,288                      99.6%                      87,222                         99.6%
     Competitor Income from the
     Global Market

     Pendapatan GMF
                                                     402                     0.36%                         354                         0.32%
     Revenue GMF


    Pangsa pasar global GMF tahun 2024 diperkirakan sebesar              GMF’s global market share in 2024 is estimated to be 0,36%,
    0,36%, yang mengalami penurunan secara presentase apabila            which has decreased in terms of percentage when compared to
    dibandingkan dengan pangsa pasar global tahun 2023.                  its global market share in 2023. However, revenue in 2024 has
    Meski demikian, pendapatan pada tahun 2024 mengalami                 increased compared to the previous year. The change occurred
    kenaikan dibandingkan tahun sebelumnya. Perubahan tersebut           due to the recovery of the aviation market after the pandemic.
    disebabkan oleh pulihnya pasar aviasi pasca pandemi.


                                                        Pangsa Pasar Domestik
                                                            Domestic Market Share

                                                        2024                                                 2023
                  Uraian
                                           Jumlah                  Komposisi                   Jumlah                     Komposisi
                Description
                                            Total                 Composition                   Total                    Composition
                                           (MUSD)                     %                       (MUSD)                         %

     Jumlah Pendapatan Industri MRO
     dari Pasar Domestic
                                                    1,768                 100.00%                        1,246                       100.00%
     Total MRO Industry Revenues
     from Domestic Markets

     Pendapatan Kompetitor dari Pasar
     Domestic
                                                    1,365                    77.2%                         931                         74.7%
     Competitor Income from the
     Global Market

     Pendapatan GMF
                                                     399                    22.57%                         354                        20.03%
     Revenue GMF


    Pangsa pasar domestik GMF tahun 2024 diperkirakan sebesar            GMF’s domestic market share in 2024 is estimated to be 22.57%
    22.57%, yang mengalami penurunan apabila dibandingkan                which is lower than the global market coverage in 2023.
    dengan pangsa pasar global tahun 2023.

    STRATEGI PEMASARAN                                                   MARKETING STRATEGIES

    GMF menjalankan strategi pemasaran yang berfokus pada                GMF implements a marketing strategy focused on the GA
    pasar GA, sesuai dengan porsi dari pangsa pemasarannya               market, in line with its larger market share compared to
    yang lebih besar dari pangsa NGA. Walaupun demikian,                 the NGA segment. However, to ensure business continuity,
    untuk mempertahankan keberlangsungan usaha, GMF juga                 GMF also adopts an expansive marketing strategy, including
    menjalankan strategi pemasaran yang ekspansif, mencakup              diversification into potential industries that require high-quality
    diversifikasi industri potensial dan membutuhkan kapabilitas         MRO capabilities. The marketing strategy implemented in 2024
    MRO berkualitas tinggi. Strategi pemasaran pada tahun 2024           was centered on:
    yang telah dilakukan berpusat pada:
    1. Melakukan pengembangan pasar ke commercial aircraft,              1. Conducted market expansion to commercial aircraft,
        pasar business jet, dan lessor;                                     business jet, and lessor markets;
    2. Melakukan diversifikasi pasar di luar commercial aircraft,        2. Diversified the market beyond commercial aircraft to cover
        yaitu industri militer dan power services secara agresif;           military industry and power services aggressively;




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   3. Meningkatkan pendapatan segmen non-afiliasi melalui          3. Increased non-affiliated segment revenue through a win-
      strategi win-back captive customer dan akuisisi pelanggan       back captive customer strategy and acquired new customers
      baru yang memiliki tingkat keuangan baik;                       with good financial levels;
   4. Melakukan strategi retensi pelanggan demi peningkatan        4. Implemented customer retention strategies to increase
      share of wallet pelanggan yang ada.                             current customer’s share of wallet

   POSISI GMF DI PASAR MRO                                         GMF POSITION IN MRO MARKET

   Berdasarkan penjelasan mengenai pangsa pasar dan strategi       Based on the explanation of market share and marketing
   pemasaran yang dijalankan tahun 2024 bila dibandingkan          strategies conducted in 2024, when compared to other MRO
   dengan pemain MRO lainnya secara nasional, maka GMF             players nationally, GMF occupies the first position, with a market
   menempati posisi pertama, dengan pangsa pasar 22.57%. GMF       share of 22.57%. GMF continues to maintain its position as the
   terus mempertahankan posisinya sebagai pemain utama industri    leading player in the national MRO industry by consistently
   MRO nasional karena secara konsisten memimpin dalam hal         excelling in maintenance quality, as well as technological and
   kualitas maintenance, serta inovasi teknologi dan sumber daya   human resource innovation, enabling GMF to safeguard client
   manusia yang memungkinkan GMF untuk menjaga tingkat             trust and expand into new markets.
   kepercayaan klien dan berekspansi ke pasar baru.

   Bila dibandingkan dengan pangsa pasar internasional, posisi     When compared to international market share, GMF’s position
   GMF dibandingkan pemain MRO lainnya secara global               compared to other MRO players globally ranks 8, with a market
   menempati posisi ke 8, dengan pangsa pasar 0.36% secara         share of 0.36% internationally. GMF’s position and market share,
   internasional. Posisi dan pangsa GMF bila dibandingkan dengan   when compared to the global market, are still relatively small.
   pasar global memang masih jauh dan terbilang kecil. Hal ini     This aligns with GMF’s primary focus on serving the domestic
   juga sesuai dengan fokus utama GMF untuk melayani pasar         market, particularly for the GA market, while remaining the
   domestik, terutama untuk pasar GA, namun dengan tetap           top choice for international airlines operating in Indonesia.
   menjadi pilihan utama bagi maskapai internasional yang
   beroperasi di Indonesia.




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                                Tinjauan Operasi Per Segmen Usaha
                                                   Operational Review by Business Segment


    Penyusunan laporan keuangan Perseroan dilakukan                        The Company adopted PSAK 108 (2015 Adaptation) on
    berdasarkan PSAK 108 (Penyesuaian 2015) tentang Segmen                 Operating Segment in preparing the financial statements.
    Operasi. Perseroan melaporkan segmen-segmen berdasarkan                The Company reports segments based on types of services,
    jenis jasa yang diberikan yaitu pemeliharaan dan perbaikan             maintenance and repair services for airframe, engine
    pesawat airframe, engine dan component, jasa pemeliharaan              and component, aircraft and line maintenance repair and
    dan perbaikan pesawat line maintenance dan technical ground            technical ground handling services, and other operations from
    handling, serta operasi lain-lain yang didapatkan dari kegiatan        subsidiaries. The Company does not report performance based
    entitas anak. Perseroan tidak melaporkan informasi terkait             on geographical area.
    kinerja berdasarkan daerah geografis.

    Berikut disampaikan struktur pendapatan Perseroan yang                 The following is the information on revenue structure that
    menggambarkan skala bisnis dan kontribusi masing-masing                describes the Company’s business scale and contribution of
    segmen terhadap keseluruhan pendapatan GMF pada tahun                  each segment against the entire revenues of GMF in 2024.
    2024.


                                     Jumlah dan Kontribusi Segmen Primer Terhadap Pendapatan GMF
                                           Number and Contribution of Primary Segments to GMF Revenues

                                                                                                               Kenaikan (Penurunan)
                                         2024                                    2023
                                                                                                                Increase (Decrease)

          Segmen             Jumlah              Kontribusi           Jumlah             Kontribusi          Nominal             Persentase
          Segment              Total            Contribution            Total           Contribution         Nominal             Percentage
                              (USD)                 (%)                (USD)                (%)               (USD)                  (%)

                               (1)                  (2)                 (3)                 (4)              (5 = 1 - 3)           (6 = 5/3)

     Reparasi dan
     Overhaul
                             314,331,256                  75%         288,311,230                 77%          26,020,026                      9%
     Reparations &
     Overhaul

     Perawatan
                              84,801,965                  20%          65,275,499                 17%          19,526,466                  30%
     Maintenance

     Operasi lain-lain
                              22,089,965                   5%          19,620,255                  5%           2,469,710                  13%
     Other Operations

     Jumlah Pendapatan
                             421,223,186                  100%        373,206,984                 100%         48,016,202                  13%
     Total Revenues




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                                                   Komposisi Pendapatan Segmen
                                                     Revenue Composition by Segment


                                    2024                                                                 2023
                               5%                                                                   5%



              20%                                                                  17%




                               2024                 75%                                             2023                  77%




      Reparasi dan overhaul     Perawatan      Operasi lain-lain           Reparasi dan overhaul     Perawatan      Operasi lain-lain
      Reparations & Overhaul    Maintenance    Other Operations            Reparations & Overhaul    Maintenance    Other Operations




   Komposisi pendapatan terbesar masih didominasi oleh jasa              The largest revenue composition is still dominated by repair
   reparasi dan overhaul sebesar 75% dengan besaran yang                 and overhaul services, accounting for 75%, with a proportion
   relatif sama dengan tahun sebelumnya, yaitu di atas 70%. Porsi        relatively similar to the previous year, remaining above 70%.
   pendapatan jasa reparasi dan overhaul masih mendominasi               The dominance of repair and overhaul service revenue aligns
   karena sesuai dengan core business GMF yang dipengaruhi               with GMF’s core business, which is influenced by the number
   oleh jumlah pekerjaan reaktivasi pesawat dari Garuda Group            of aircraft reactivation jobs from the Garuda Group in line with
   seiring dengan peningkatan aktivitas penerbangan.                     the increase in flight activity.

   Seiring dengan fokus pada core business, komposisi pendapatan         In line with the focus on the core business, the revenue
   dari segmen perawatan dan operasi lain-lain secara total              composition from the maintenance and other operations
   memiliki besaran komposisi yang relatif sama dengan tahun             segments remains relatively the same as the previous year,
   sebelumnya, yaitu di bawah 20%.                                       staying below 20% in total.

   SEGMEN REPARASI DAN OVERHAUL                                          REPARATION AND OVERHAUL


                                                   Tiga Jenis Aktivitas Operasional
                                                    Three Types of Operational Activities




                Airframe                                       Engine                                      Component

   AIRFRAME MAINTENANCE                                                  AIRFRAME MAINTENANCE
   Perseroan memiliki 3 (tiga) hangar untuk melakukan sejumlah           The Company has 3 (three) hangars to perform several activities
   aktivitas bisnis di Airframe Maintenance dengan kapasitas             at Airframe Maintenance with a production capacity that can
   produksi untuk menampung 5 pesawat berbadan lebar dan                 accommodate 5 wide-body aircraft and 15 small-body aircraft
   15 pesawat berbadan kecil secara bersamaan. Terdapat 1 line           simultaneously. There is a special line for painting aircraft and
   khusus untuk pengecatan pesawat udara dan workshop.                   workshops.




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                                                                                                            Analisis dan Pembahasan Manajeme
                                                                                                            Management Discussion and Analysis




                                       GMF memiliki teknisi berpengalaman dan terampil untuk memberikan solusi Airframe Maintenance yang
                                       efektif dan efisien sebagai berikut:
                                       GMF technicians are very experienced and excellent at what they do to provide the following Airframe
                                       Maintenance solution effectively and efficiently:
             Jenis Pelayanan           • Heavy chek rutin | routine heavy check;
             Types of Services         • Modifikasi besar | major modification;
                                       • Pengecatan eksterior pesawat hingga finishing dekoratif | aircraft exterior painting and decorative finishing;
                                       • Renovasi kabin | Cabin refurbishment;
                                       • Perbaikan struktur pesawat | large structure repairs;
                                       • Perawatan dan overhaul pesawat | aircraft maintenance and overhaul.

                                       GMF mampu menangani berbagai jenis pesawat yang telah mendapatkan sertifikasi dari Direktorat
                                       Kelaikudaraan dan Pengoperasian Pesawat Udara (DKUPPU), Federal Aviation Administration (FAA),
                                       European Aviation Safety Agency (EASA), dan otoritas penerbangan negara lain seperti:
                                       GMF is also capable of handling many types of aircrafts as follows with certifications from Directorate of
           Sertifikasi Pelayanan
                                       Airworthiness and Aircraft Operation (DKUPPU), Federal Aviation Administration (FAA), European Aviation
                  Pesawat
                                       Safety Agency (EASA), and the aviation authorities of other countries:
          Certification of Aircraft
                                       • A320s/A320NEO;
                  Services
                                       • A330s /A330NEO;
                                       • B737CL /B737NG;
                                       • B747s;
                                       • B777, CRJ1000, ATR72.



                                                             Jumlah Event Maintenance
                                                                Total Maintenance Events
     Dalam Event
     In Event

                                                                                                           Pertumbuhan
        Segmen Pasar              Realisasi 2024          Target 2024             Realisasi 2023                                  Pencapaian 2024
                                                                                                            2024:2023
       Market Segment            Realization 2024         Target 2024            Realization 2023                                 Achievement 2024
                                                                                                         Growth 2024:2023

     GA                                         135                      24                        73                     85%                   563%

     NGA                                        135                     186                        99                     36%                     73%

     Total                                      270                     210                       172                     57%                   129%


    Jika dibandingkan dengan kinerja pada tahun sebelumnya, load                Compared to the performance of the previous year, the
    pekerjaan dari grup afiliasi (GA) meningkat sebesar 85% dan                 workload from the affiliate group (GA) increased by 85%, while
    non-grup afiliasi (NGA) mengalami peningkatan sebesar 36%.                  the non-affiliate group (NGA) experienced an increase of 36%.
    Kondisi ini terjadi karena peningkatan pekerjaan pesawat wide               This condition occurred due to an increase in wide-body aircraft
    body dan peningkatan jumlah customer untuk NGA.                             maintenance work and a growing number of customers for NGA.

    ENGINE WORKSHOP                                                             ENGINE WORKSHOP
    GMF memiliki fasilitas Engine Workshop, Engine and APU Test                 GMF owns various facilities of Engine Workshop, Engine and
    Cell, dan Engine Services untuk melakukan perawatan mesin                   APU Test Cell, and Engine Services to maintain the aircraft
    pesawat dan Auxilliary Power Unit (APU). GMF juga mampu                     engine and Auxilliary Power Unit (APU). GMF is also capable
    melakukan perawatan mesin CFM56-5 untuk pesawat seri                        to perform maintenance on CFM56-5 engine for A320 series
    A320 dan mesin PW100 untuk pesawat seri ATR.                                aircraft and PW100 engine for the ATR series aircraft.

    Beberapa jenis pesawat yang ditangani GMF adalah:                           Other types of aircraft that GMF can handle are as follows:
    • Mesin CFM56-7;                                                            • CFM56-7 engine type;
    • APU GTCP85 yang terpasang di pesawat seri B737-                           • GTCP85 APU type installed in B737-300/400/500 series
       300/400/500;                                                                aircraft;
    • Mesin CFM56-5;                                                            • CFM56-5 engine type;
    • APU GTCP131-9B yang terpasang di pesawat seri B737NG;                     • GTCP131-9B APU installed in B737NG series aircraft;
    • APU GTCP131-9A yang terpasang di pesawat seri A320;                       • GTCP131-9A APU installed in A320 series aircraft;
    • PU GTCP331-350 untuk pesawat seri A330.                                   • GTCP331-350 APU for A330 series aircraft.




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                                                           Jumlah Event Workshop
                                                              Total Workshop Events
    Dalam Event
    In Event

                                                                                                           Pertumbuhan
         Segmen Pasar         Realisasi 2024           Target 2024                    Realisasi 2023                            Pencapaian 2024
                                                                                                            2024:2023
        Market Segment       Realization 2024          Target 2024                   Realization 2023                           Achievement 2024
                                                                                                         Growth 2024:2023

    GA                                        26                     30                             33                  (21%)                   87%

    NGA                                       17                     20                             10                   70%                    85%

    Total                                      43                        50                         43                  100%                    86%



   Jika dibandingkan dengan kinerja pada tahun sebelumnya,                         Compared to the performance of the previous year, the
   load pekerjaan dari GA meningkat sebesar 21% yang terjadi                       workload from GA increased by 21% due to reactivation
   karena program reaktivasi yang hanya sisa dari pekerjaan 2023.                  program which is just a remnant of the 2023 work.

   Pekerjaan NGA mengalami peningkatan load pekerjaan sebesar                      The workload from NGA also increased by 70% because the
   70% karena penetrasi pasar yang cukup baik pada tahun 2024.                     market penetration in 2024 was fairly good.

   COMPONENT SERVICES                                                              ENGINE WORKSHOP
   Segmen operasi Component Services yang dimiliki GMF telah                       The Component Services of GMF has obtained certifications
   memperoleh sertifikasi dari DKUPPU, FAA, EASA, dan AS                           from DKUPPU, FAA, EASA, and AS 9100. This segment
   9100. Segmen ini memiliki sejumlah fasilitas workshop penting                   has several workshop facilities that are important for the
   untuk melakukan perawatan komponen pesawat berbagai seri.                       maintenance of various series of aircraft component. The
   Workshop dan laboratorium GMF juga telah dilengkapi dengan                      workshop and laboratory of GMF have all been equipped
   berbagai peralatan testing berteknologi tinggi untuk menjamin                   with advanced testing technology to guarantee the quality
   kualitas pekerjaan. Perseroan juga telah menawarkan pelayanan                   of work. The Company also offers additional services so that
   tambahan kepada pelanggan untuk menjaga ketersediaan                            customers are able to book for certain types of material through
   pasokan material melalui component pooling.                                     component pooling.


                                           Sertifikasi Pelayanan
                                                                                  Kapabilitas Repair & Overhaul           Peralatan Testing
                Workshop                          Pesawat
                                                                                  Repair & Overhaul Capabilities          Testing Equipment
                                       Aircraft Services Certification

                                                                                                                   •    ATEC (Automatic Test
                                       •   B737                                                                         Equipment Complex)
    •     Avionics
                                       •   B747                               •     Airplane instruments            •   IRIS (Integrated Radio
    •     Electro Mechanical and
                                       •   A320                               •     Electronic controls                 Instrument System)
          Oxygen
                                       •   A330                               •     Radar and navigation            •   INS (Inertial Navigation
    •     Wheel Brake & Landing Gear
                                       •   B777                               •     Flight data recorders and gyros     System)
    •     Calibration and Non
                                       •   CRJ1000                            •     Wheel Brake & Landing Gear      •   IDG (Integrated Drive
          Destructive Test (NDT)
                                       •   ATR72                                                                        Generator)
                                                                                                                   •    Universal Testing Equipments


                                                            Jumlah Event Services
                                                               Total Services Events
    Dalam Event
    In Event

                                                                                                           Pertumbuhan
         Segmen Pasar         Realisasi 2024           Target 2024                    Realisasi 2023                            Pencapaian 2024
                                                                                                            2024:2023
        Market Segment       Realization 2024          Target 2024                   Realization 2023                           Achievement 2024
                                                                                                         Growth 2024:2023

    GA                                     35,921                31,303                         35,387                    2%                  115%

    NGA                                     2,969                 3,309                          4,782                  (38%)                   90%

    Total                                  38,890                 34,612                        40,169                   (3%)                   112




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                                                                                                         Analisis dan Pembahasan Manajeme
                                                                                                         Management Discussion and Analysis




    Jika dibandingkan dengan kinerja pada tahun sebelumnya, load            Compared to the performance of the previous year, the
    pekerjaan dari GA meningkat sebesar 2% yang terjadi karena              workload from GA increased by 2% because there was an
    terdapat penambahan pekerjaan dari PMN (Penyertaan Modal                additional work from PMN (Penyertaan Modal Negara or State
    Negara) dari segmen airframe.                                           Capital Injection) from the airframe segment.

    Pekerjaan NGA mengalami penurunan load pekerjaan sebesar                The workload from NGA decreased by 38% because the
    38% karena reliability dari component yang masih cukup baik             reliability of the components is still quite good and has not
    dan belum masuk ke waktu maintenance.                                   entered the maintenance period.

    KINERJA KEUANGAN DAN PROFITABILITAS                                     FINANCIAL PERFORMANCE AND PROFITABILITY


                                               Kinerja Keuangan Segmen Reparasi dan Overhaul
                                                   Reparations and Overhaul Financial Performance

                                                                                                          Kenaikan
                                                                                                                            Pencapaian Target
                             Realisasi 2024         Realisasi 2023            Target 2024               (Penurunan)
        Keterangan                                                                                                                 2024
                            Realization 2024       Realization 2023           Target 2024             Terhadap 2023
        Description                                                                                                         Target Achievement
                                 (USD)                  (USD)                    (USD)              Increase (Decrease)
                                                                                                                                   2024
                                                                                                           to 2023
     Pendapatan
                                  314,331,256            288,311,230              288,233,796                        9%                   109%
     Revenues
     (Rugi)/Laba
                                   17,666,924              15,653,044              31,223,700                      13%                    57%
     (Loss)/Profit
     Aset Tetap
                                  146,578,794            129,145,415              150,711,437                      13%                    97%
     Fixed Assets
     Penyusutan
                                   18,170,164              18,886,371              15,527,920                      (4%)                   117%
     Depreciation


    Pendapatan dari segmen Repair & Overhaul pada tahun                     The Reparation & Overhaul segment gained a total revenue
    2024 tercatat USD314.3 juta atau meningkat sebesar 9%                   of USD314.3 million in 2024 which was 9% higher than the
    dibandingkan tahun sebelumnya. Pencapaian ini 109% dari                 previous year. In addition, the achievement is 109% of the 2024
    target tahun 2024. Peningkatan terutama disebabkan oleh                 target. The increase was primarily driven by rising revenue
    peningkatan pendapatan dan total event, khususnya dari bisnis           and total events, particularly from the Component, Airframe,
    Component, Airframe, Government.                                        Government businesses.

    Segmen Repair & Overhaul mencatatkan laba usaha sebesar                 The Repair & Overhaul segment gaied USD17.7 million, higher
    USD17.7 juta, meningkat 13% dari laba usaha pada tahun                  than in the previous year. When compared to the target, the
    sebelumnya. Laba usaha yang dialami segmen ini lebih                    achievement was USD13.6 million lower than the target.
    rendah USD13.6 juta dari target. Peningkatan dipengaruhi                The increase in gain was obviously due to increased revenue
    oleh total pendapatan yang lebih tinggi dibandingkan dengan             compare to the previous period, leading to higher profitability.
    periode sebelumnya sehingga pencapaian laba menjadi lebih               The depreciation dropped 4% compared to the previous year
    tinggi. Penyusutan menurun sebesar 4% dibandingkan tahun                due to a decrease in asset useful life.
    sebelumnya karena penurunan masa pakai aset.

    RENCANA PENGEMBANGAN                                                    DEVELOPMENT PLAN
    Reparasi & Overhaul tetap menjadi penyumbang pendapatan                 Most of GMF’s revenues still came from the Reparation &
    terbesar bagi GMF. Perseroan memandang bahwa segmen                     Overhaul. This segment is still going to be the main foothold
    ini akan tetap menjadi tumpuan utama sehingga diperlukan                and therefore the Company needs a special strategy to improve
    strategi khusus untuk mengembangkan kapasitas bisnis dan                its capacity and revenue.
    kinerja pendapatannya.

    Menghadapi tahun 2025, Perseroan berfokus pada usaha                    Going through 2025, the Company has prepared a plan to focus
    untuk memperkuat dan memaksimalkan pengembangan yang                    on strengthening and maximizing the developments in 2024
    telah dilakukan pada tahun 2024 dengan mengusung tema                   under the theme of “Strengthen Core and Drive Diversified
    “Strengthen Core and Drive Diversified Growth”. Adapun                  Growth.” The key strategies to support this theme include
    strategi-strategi utama yang akan dilakukan guna mendukung              Operational Transformation (QCD & People), Cash Flow
    tema tersebut meliputi Operational Transformation (QCD                  Optimization, Equity Improvement, Technology Advancement,
    & People), Cash Flow Optimization, Equity Improvement,                  and Profitable Business Growth.
    Technology Advancement, Profitable Business Growth.


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   SEGMEN PERAWATAN                                                             MAINTENANCE

   GMF memberikan jasa Line Maintenance untuk penerbangan                       GMF provides Line Maintenance services for domestic and
   domestik dan internasional melalui 69 line station di seluruh                international flights through 69 line stations that the Company
   Indonesia, terutama di Bandar Udara Soekarno Hatta,                          owns all over Indonesia, especially in Soekarno Hatta Airport,
   Cengkareng, Banten. GMF juga melayani sejumlah area di                       Cengkareng, Banten. GMF also serves in a number of areas
   seluruh dunia termasuk Jeddah, Medinah, Kuala Lumpur,                        abroad including Jeddah, Medinah, Kuala Lumpur, Singapore,
   Singapura, dan Melbourne.                                                    and Melbourne.


                                                            Sertifikasi Pelayanan Pesawat
                  Jenis Perawatan Pesawat                                                          Fasilitas MCC (Maintenance Control Center)
                                                               Specifications of Aircraft
                   Types of Aircraft Services                                                      MCC (Maintenance Control Center) Facilities
                                                                        Services




    •     Pre-Flight Check                                 •    B737
    •     Transit Check                                    •    B747
    •     Daily Check                                      •    B777                             Memantau operasional perawatan pesawat udara
    •     A Check (perawatan sampai dengan 600 jam         •    B787                             guna mengurangi perawatan yang tidak terjadwal
          terbang | maintenance up to 600 flight hours)    •    A320                             dan keterlambatan teknis.
    •     Transit semalam dan situasi darurat AOG          •    A330                             Monitor the operation of aircraft maintenance to
          (Pesawat di Darat atau Aircraft on Ground) |     •    A350                             reduce unscheduled maintenance and technical delay.
          Overnight transit and emergency AOG (Aircraft    •    CRJ1000
          on Ground)                                       •    ATR72




                                                                Jumlah Event Services
                                                                   Total Services Events
    Dalam Event
    In Event

                                                                                                             Pertumbuhan
         Segmen Pasar            Realisasi 2024           Target 2024             Realisasi 2023                                 Pencapaian 2024
                                                                                                              2024:2023
        Market Segment          Realization 2024          Target 2024            Realization 2023                                Achievement 2024
                                                                                                           Growth 2024:2023

    GA                                     199,533                 267,252                    184,161                      8%                   75%

    NGA                                     24,882                  32,970                      14,752                    69%                   75%

    Total                                   224,415                 300,222                   198,913                     13%                   75%



   Secara keseluruhan, kinerja segmen bisnis ini mengalami                      Overall, the performance of this business segment increased by
   peningkatan sebesar 13% dibandingkan tahun sebelumnya                        13% compared to the previous year which was more influenced
   yang lebih dipengaruhi oleh kenaikan event NGA.                              by the increase in total event from NGA.

   KINERJA KEUANGAN DAN PROFITABILITAS                                          FINANCIAL PERFORMANCE AND PROFITABILITY


                                                       Kinerja Keuangan Segmen Perawatan
                                                           Maintenance Financial Performance

                                                                                                               Kenaikan
                                                                                                                                Pencapaian Target
                              Realisasi 2024           Realisasi 2023            Target 2024                 (Penurunan)
        Keterangan                                                                                                                     2024
                             Realization 2024         Realization 2023           Target 2024               Terhadap 2023
        Description                                                                                                             Target Achievement
                                  (USD)                    (USD)                    (USD)                Increase (Decrease)
                                                                                                                                       2024
                                                                                                                to 2023

    Pendapatan
                                    84,801,965                 65,275,499              76,983,131                       30%                   110%
    Revenues

    (Rugi)/Laba
                                    24,040,770                 13,138,126                  9,577,405                    83%                   251%
    (Loss)/Profit




        ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                   Analisis dan Pembahasan Manajeme
                                                                                                   Management Discussion and Analysis




                                                   Kinerja Keuangan Segmen Perawatan
                                                      Maintenance Financial Performance

                                                                                                    Kenaikan
                                                                                                                       Pencapaian Target
                             Realisasi 2024       Realisasi 2023           Target 2024            (Penurunan)
        Keterangan                                                                                                            2024
                            Realization 2024     Realization 2023          Target 2024          Terhadap 2023
        Description                                                                                                    Target Achievement
                                 (USD)                (USD)                   (USD)           Increase (Decrease)
                                                                                                                              2024
                                                                                                     to 2023

     Aset Tetap
                                    2,101,273             2,407,856               2,283,689                  (13%)                   92%
     Fixed Assets

     Penyusutan
                                      439,921             1,426,991               2,852,951                  (69%)                   15%
     Depreciation


    Pendapatan dari segmen Perawatan pada tahun 2024 tercatat             In 2024, the Maintenance segment generated total revenue
    USD84.8 juta atau meningkat sebesar 30% dibandingkan                  of USD84.8 million and when compared to the previous year,
    tahun sebelumnya. Pencapaian ini 110% dari target tahun               it was 30% higher. The 2024 revenue achieved 110% of the
    2024. Peningkatan terutama disebabkan karena meningkatnya             target. The increase in revenue occurred due to the increase
    pendapatan baik dari GA maupun NGA.                                   in revenue from both GA and NGA.

    Segmen ini mencatatkan peningkatan laba usaha menjadi                 This segment recorded operating gain of USD24 million
    USD24 juta dibandingkan tahun sebelumnya yaitu USD13.1                compared to the previous year of USD13.1 million. When
    juta. Dari sisi target, laba usaha yang dibukukan lebih tinggi        compared to the target, the operating gain was higher than the
    dari target, yaitu USD14.5 juta. Peningkatan laba dipengaruhi         targeted USD 14.5 million. The increase in profit was affected
    oleh kenaikan pendapatan seiring dengan pulihnya industri             by an increase in the revenue due to the recovery of the aviation
    penerbangan.                                                          industry.

    RENCANA PENGEMBANGAN                                                  DEVELOPMENT PLAN
    Pada tahun 2025, rencana yang telah dilakukan Perseroan akan          In 2025, the Company has planned to focus on strengthening
    berfokus pada usaha untuk memperkuat dan memaksimalkan                and maximizing the developments achieved in 2024 under
    atas pengembangan Perseroan yang telah dilakukan pada tahun           the theme “Strengthen Core and Drive Diversified Growth.”
    2024 dengan mengusung tema Strengthen Core and Drive                  The key strategies to support this theme include Operational
    Diversified Growth. Adapun strategi-strategi utama yang akan          Transformation (QCD & People), Cash Flow Optimization,
    dilakukan guna mendukung tema tersebut meliputi Operational           Equity Improvement, Technology Advancement, and Profitable
    Transformation (QCD & People), Cash Flow Optimization,                Business Growth.
    Equity Improvement, Technology Advancement, dan Profitable
    Business Growth.

    SEGMEN OPERASI LAIN-LAIN                                              OTHER OPERATION

    Perseroan menjalankan segmen Operasi Lain-lain yang antara            The Company has other segment called Other Operations
    lain mencakup Manpower Supply serta Facility Management               covering Manpower Supply and Facility Management which
    melalui anak usahanya yaitu PT Garuda Daya Pratama Sejahtera          done by its subsidiary, PT Garuda Daya Pratama Sejahtera
    (selanjutnya disingkat “PT GDPS” atau “GDPS”).                        (refer to as “PT GDPS” or “GDPS”).

    KINERJA KEUANGAN DAN PROFITABILITAS                                   FINANCIAL PERFORMANCE AND PROFITABILITY

                                                Kinerja Keuangan Segmen Operasi Lain-Lain
                                                      Other Segment Financial Performance

                                                                                                    Kenaikan
                                                                                                                       Pencapaian Target
                             Realisasi 2024       Realisasi 2023           Target 2024            (Penurunan)
        Keterangan                                                                                                            2024
                            Realization 2024     Realization 2023          Target 2024          Terhadap 2023
        Description                                                                                                    Target Achievement
                                 (USD)                (USD)                   (USD)           Increase (Decrease)
                                                                                                                              2024
                                                                                                     to 2023
     Pendapatan
                                   22,089,965            19,620,255             22,089,965                    13%                    100%
     Revenues
     (Rugi)/Laba
                                      296,389            (1,089,770)                296,388                  127%                    100%
     (Loss)/Profit
     Aset Tetap
                                      413,754               202,247                 413,754                  105%                    100%
     Fixed Assets
     Penyusutan
                                       84,684                59,391                 131,609                   43%                    64%
     Depreciation

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Page 134
   Pendapatan dari segmen Operasi Lain-lain pada tahun 2024          The revenue from Other Operations in 2024 was USD22,08
   tercatat USD22.08 juta atau tumbuh sebesar 13% dibandingkan      million or 13% higher compared to the previous year. The
   tahun sebelumnya. Pencapaian ini setara dengan 100% dari         revenue figure was 100%% of the 2024 target. The growth
   target tahun 2024. Pertumbuhan terutama disebabkan oleh          was primarily driven by an increase in the industry’s demand
   kenaikan kebutuhan industri akan layanan jasa outsourcing.       for outsourcing services. The operating profit of this segment
   Laba usaha segmen ini meningkat menjadi USD296,380               increased to USD296,380 compared to the previous year of
   dibandingkan tahun sebelumnya yaitu USD(1,089,770). Dari         USD(1,089,770). In terms of targets, this profit level successfully
   sisi target, tingkat laba ini berhasil memenuhi target, dengan   met the target, with an achievement of 100% of the target.
   pencapaian sebesar 100% dari target. Peningkatan laba antara     The increase in profit was influenced by total revenue and
   lain dipengaruhi oleh total pendapatan dan perbaikan internal    improvements in internal processes. Depreciation increased
   proses. Penyusutan meningkat sebesar 43% dibandingkan            by 43% compared to the previous year due to the addition of
   tahun sebelumnya dikarenakan penambahan aset tetap untuk         fixed assets for operational improvements.
   peningkatan operasional.

   RENCANA PENGEMBANGAN                                             DEVELOPMENT PLAN

   Pada tahun 2025, rencana yang telah dilakukan Perseroan akan     In 2025, the Company has planned to focus on strengthening
   berfokus pada usaha untuk memperkuat dan memaksimalkan           and maximizing the developments achieved in 2024 under
   atas pengembangan Perseroan yang telah dilakukan pada tahun      the theme “Strengthen Core and Drive Diversified Growth.”
   2024 dengan mengusung tema Strengthen Core and Drive             The key strategies to support this theme include Operational
   Diversified Growth. Adapun strategi-strategi utama yang akan     Transformation (QCD & People), Cash Flow Optimization,
   dilakukan guna mendukung tema tersebut meliputi Operational      Equity Improvement, Technology Advancement, and Profitable
   Transformation (QCD & People), Cash Flow Optimization,           Business Growth.
   Equity Improvement, Technology Advancement, dan Profitable
   Business Growth.

   PENINGKATAN YANG MATERIAL                                        MATERIALS INCREASE RELATED TO
   DIKAITKAN DENGAN JUMLAH BARANG                                   SALES VOLUME/NEW PRODUCTS
   YANG DIJUAL/BARANG BARU

   Berdasarkan informasi kinerja per segmen operasi, dapat          Based on information regarding the performance of each
   disimpulkan bahwa terjadi peningkatan pendapatan dari            business segment, it can be concluded that there has been an
   banyaknya jasa yang diberikan Perseroan untuk seluruh segmen     increase in revenue from the various services provided by the
   yang dilayaninya: GA, NGA, domestik, dan internasional. Jasa     Company across all segments it serves: GA, NGA, domestic,
   MRO yang diberikan GMF untuk para kliennya merupakan jasa        and international. The MRO services provided by GMF to its
   yang tercakup dalam setiap segmen operasi seperti penjelasan     clients are included in each operating segment, as previously
   sebelumnya. Tidak terdapat layanan baru yang diberikan GMF       explained. There were no new services provided by GMF in
   pada tahun 2024 yang memiliki kontribusi material terhadap       2024 that would have a material contribution to the overall
   pendapatan usaha secara keseluruhan.                             business revenue.

   Secara garis besar segmen GA dan NGA mengalami peningkatan       Overall, the both GA and NGA segment experienced a significant
   cukup signifikan yaitu masing-masing sebesar 14% dan 8% pada     increase, namely by 14% and 8% respectively in 2024 compared
   tahun 2024 dibandingkan tahun sebelumnya sehingga mendorong      to the previous year, thereby driving the revenue to increase
   peningkatan pendapatan tahun 2024 mencapai USD421.22 juta.       in 2024 and reach USD421.22 million.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                             Analisis dan Pembahasan Manajeme
                                                                                             Management Discussion and Analysis




                                                                            Tinjauan Keuangan
                                                                                               Financial Review


    Analisa dan pembahasan kinerja keuangan pada Laporan            Analysis and discussion of financial performance in this
    Terintegrasi ini mengacu pada Laporan Keuangan untuk tahun-     Integrated Report refer to the Financial Statements for the
    tahun yang berakhir pada 31 Desember 2024 dan 31 Desember       years ended on December 31, 2024, and December 31, 2023,
    2023 yang telah diaudit oleh Kantor Akuntan Publik Rintis,      that have been audited by the Public Accounting Firm Rintis,
    Jumadi, Rianto & Rekan. Pengungkapan laporan keuangan           Jumadi, Rianto & Associates. The presentation and disclosure
    konsolidasian Perseroan disusun dan disajikan sesuai Standar    of the Company’s consolidated financial statements were
    Akuntansi Keuangan di Indonesia, yaitu Pernyataan Standar       prepared and presented in accordance with Indonesian
    Akuntansi Keuangan (PSAK), yang diterbitkan oleh Ikatan         Financial Accounting Standards, the Statement of Financial
    Akuntan Indonesia (IAI).                                        Accounting Standards (PSAK), issued by the Indonesian Institute
                                                                    of Accountants (IAI).

    LAPORAN POSISI KEUANGAN                                         CONSOLIDATED FINANCIAL POSITION
    KONSOLIDASIAN

                                                                                                    Kenaikan (Penurunan)
                                                                                                     Increase (Decrease)
                     Posisi Keuangan                    2024                  2023
                     Financial Position                 (USD)                 (USD)            Nilai Nominal            Persentase
                                                                                               Nominal Value            Percentage
                                                                                                   (USD)                    (%)

     Aset
     Assets

     Aset Lancar
                                                         206,103,485           246,615,548         (40,512,063)               (16.43%)
     Current Assets

     Aset Tidak Lancar
                                                         218,526,718           203,405,555          15,121,163                  7.43%
     Non Current Assets

     Jumlah Aset
                                                         424,630,203           450,021,103         (25,390,900)                (5.64%)
     Total Assets

     Liabilitas dan Ekuitas
     Liability & Equity

     Liabilitas Jangka Pendek
                                                         237,508,591           279,717,345         (42,208,754)               (15.09%)
     Current Liabilities

     Liabilitas Jangka Panjang
                                                         445,022,915           481,465,660         (36,442,745)                (7.57%)
     Non-Current Liability

     Jumlah Liabilitas
                                                         682,531,506           761,183,005         (78,651,499)               (10.33%)
     Total Liabilities

     Jumlah Ekuitas
                                                        (257,901,303)        (311,161,902)          53,260,599                 17.12%
     Total Equity

     Jumlah Liabilitas dan Ekuitas
                                                         424,630,203           450,021,103         (25,390,900)                (5.64%)
     Total Liability and Equity



    Jumlah aset pada tahun 2024 tercatat sebesar USD424.63          Total assets in 2024 were recorded at USD 424.63 million, lower
    juta, turun 5.64% dibandingkan pencapaian tahun 2023 yang       by 5.64% compared to the achievement in 2023 which mainly
    utamanya terjadi karena penurunan pada aset lancar.             occurred due to a decrease in current assets.




                                                                                                                                         135
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Page 136
   Jumlah liabilitas pada tahun 2024 tercatat sebesar USD682.53      Total liabilities in 2024 were recorded at USD682.53 million,
   juta, turun 10.33% dibandingkan pencapaian tahun 2023 yang        lower by 10.33% compared to the achievement in 2023 which
   utamanya terjadi karena komitmen pembayaran vendor selama         was mainly due to vendor payment commitment during the year.
   tahun berjalan.

   Ekuitas Perseroan pada tahun 2024 tercatat sebesar negatif        The Company’s equity in 2023 was recorded at negative
   USD257.90 juta, turun 17.12% dibandingkan pencapaian              USD257.90 million, lower by 17.12% compared to the
   tahun 2023. Peningkatan ini sejalan dengan keuntungan             achievement in 2023. This increase is in line with the net profit
   bersih yang dicatatkan oleh Perseroan pada tahun berjalan         in the current year as well as additional non-cash capital from PT
   serta penambahan modal non-tunai dari PT Garuda Indonesia         Garuda Indonesia (Persero) Tbk as the controlling shareholder
   (Persero) Tbk sebagai pemegang saham pengendali berupa            in the form of Hangar, Workshop and other MRO operational
   penyertaan Hangar, Workshop dan fasilitas operasional MRO         facilities realized through a rights issue mechanism with Pre-
   lainnya yang direalisasikan melalui mekanisme rights issue        emptive Rights (HMETD), and accompanied by additional capital
   dengan Hak Memesan Efek Terlebih Dahulu (HMETD), dan              by other shareholders.
   disertai oleh penambahan modal oleh pemegang saham lainnya.

   ASET – ASET LANCAR                                                ASSETS – CURRENT ASSETS

                                                                                                       Kenaikan (Penurunan)
                                                                                                        Increase (Decrease)
                             Uraian                          2024                 2023
                           Description                       (USD)                (USD)
                                                                                                  Nilai Nominal         Persentase
                                                                                                  Nominal Value         Percentage
                                                                                                      (USD)                 (%)

    Kas dan Setara Kas
                                                             12,623,481           21,051,033           (8,427,552)           (40.03%)
    Cash and Cash Equivalents

    Kas dan Setara Kas yang Dibatasi Penggunaannya
                                                                  902,880             358,975             543,905            151.52%
    Restricted Cash and Cash Equivalents

    Investasi Jangka Pendek                                       133,203              58,840              74,363            126.38%
    Short-Term Investment

    Piutang Usaha
                                                             49,862,841           56,997,238           (7,134,397)           (12.52%)
    Accounts Receivable

    Aset Kontrak
                                                             41,420,649           50,704,629           (9,283,980)           (18.31%)
    Contract Assets

    Piutang Lain-Lain
                                                              1,718,233                      -          1,718,233               100%
    Other Receivables

    Persediaan
                                                             61,415,306           74,018,579          (12,603,273)           (17.03%)
    Inventory

    Uang Muka dan Biaya Dibayar Dimuka
                                                             31,569,882           40,704,250           (9,134,368)           (22.44%)
    Advances and Prepaid Expenses

    Pajak Dibayar Dimuka
                                                              6,457,010             2,722,004           3,735,006            137.22%
    Prepaid Taxes

    Jumlah Aset Lancar
                                                            206,103,485          246,615,548          (40,512,063)           (16.43%)
    Total Current Assets



   Jumlah aset lancar pada tahun 2024 adalah sebesar USD206.10       The total current assets in 2024 amounted to USD206.10
   juta, turun 16.43% dibandingkan jumlah pada tahun sebelumnya      million, which was 16.43% lower compared to the previous
   yang utamanya disebabkan oleh adanya pemulihan nilai piutang      year’s achievement mainly due to the recovery of trade
   usaha kepada pelanggan dan persediaan.                            receivables to customers and inventories.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                 Analisis dan Pembahasan Manajeme
                                                                                                 Management Discussion and Analysis




    KAS DAN SETARA KAS                                                  CASH AND CASH EQUIVALENTS
     Kas dan setara kas mencakup kas, kas di bank, dan deposito         The cash and cash equivalents consist of cash, cash in banks,
    berjangka dengan jangka waktu jatuh tempo tiga bulan atau           and time deposits with maturities of three months or less. The
    kurang. Jumlah kas dan setara kas tahun 2024 tercatat               amount of cash and cash equivalents in 2024 amounted to
    sebesar USD12.62 juta, menurun 40.03% dibandingkan tahun            USD12,62 million, which was 40.03% lower compared to the
    sebelumnya terutama karena pembayaran kas kepada pemasok.           previous year mainly due to cash payment for suppliers.

    KAS DAN SETARA KAS YANG DIBATASI                                    RESTRICTED CASH AND CASH EQUIVALENTS
    PENGGUNAANNYA
    Kas dan setara kas yang dibatasi penggunaannya adalah kas           Restricted Cash and Cash Equivalents is the cash and cash
    dan setara kas yang telah ditentukan penggunaannya atau             equivalents that have been determined for a certain transaction
    yang tidak dpat digunakan secara bebas. Jumlah kas dibatasi         or are unavailable to be used freely. The amount of restricted
    penggunaannya tahun 2024 adalah sebesar USD902.88 ribu,             cash in 2024 was USD902.88 thousand, which was 151.52%
    naik 151.52% atau dibandingkan tahun sebelumnya yang                higher compared to the previous year due to performance
    disebabkan oleh adanya jaminan pelaksanaan proyek IGTE.             guarantee for IGTE project.

    PIUTANG USAHA                                                       ACCOUNTS RECEIVABLE
    Piutang usaha merupakan jumlah yang terutang dari pelanggan         The accounts receivable came from the normal service that the
    atas jasa dalam kegiatan usaha normal. Jumlah piutang usaha         Company gave to the customers. The accounts receivable in
    tahun 2024 mencapai USD49.86 juta, menurun 12.52%                   2024 reached to USD49.86 million, which was 12.52 % lower
    dibandingkan tahun sebelumnya terutama karena penerimaan            compared to the previous year mainly due to cash receipts
    kas dari pelanggan.                                                 from customers.

    ASET KONTRAK                                                        CONTRACT ASSETS
    Aset kontrak dari pelanggan merupakan biaya jasa pemeliharaan       Contract assets from customers consist of aircraft maintenance
    dan perbaikan pesawat, dan jasa engineering lainnya yang            and repair, and other engineering services that had happened.
    terjadi. Jumlah tagihan bruto dari pelanggan tahun 2024             The gross receivables from customers in 2024 reached
    mencapai USD41.42 juta, menurun 18.31% dibandingkan tahun           USD41.42 million, lower by 18.31% compared to the previous
    sebelumnya terutama karena adanya penyelesaian proyek               year mainly due to finalization of aircraft projects reactivation
    reaktivasi pesawat sepanjang tahun 2024.                            during 2024.

    PERSEDIAAN                                                          INVENTORY
    Persediaan adalah suku cadang yang dimiliki oleh Perseroan untuk    Inventory is the spare parts that the Company owns to support
    mendukung aktivitas pemeliharaan dan perbaikan pesawat, dan         the maintenance and repair of aircraft, and other engineering
    jasa engineering lainnya kepada pelanggan. Persediaan dinyatakan    services to the customers. Inventories are stated at cost or
    berdasarkan nilai yang paling rendah antara biaya perolehan atau    net realizable value, whichever is lower. Costs are determined
    nilai realisasi bersih. Biaya ditentukan berdasarkan metode rata-   using the weighted average method. Net realizable value is the
    rata tertimbang. Nilai realisasi bersih merupakan taksiran harga    estimated selling price of the inventory less the estimated costs
    jual persediaan dikurangi taksiran biaya penyelesaian dan biaya     of completion and the costs required to sell.
    yang diperlukan untuk menjual.

    Jumlah persediaan - bersih tahun 2024 mencapai USD61.41              The net inventory in 2024 reached USD61.41 million, decreased
    juta, menurun 17.03% dibandingkan tahun sebelumnya karena           by 17.03% compared to the previous year which occurred due to
    dilakukannya perbaikan atas manajemen persediaan Perseroan          improvements to the Company’s inventory management which
    yang menghasilkan penurunan nilai perolehan persediaan atas         resulted in a decrease in the acquisition value of inventory due
    pemakaian persediaan lama pada tahun berjalan.                      to the use of old inventory in the current year.

    UANG MUKA DAN BIAYA DIBAYAR DIMUKA                                  ADVANCES AND PREPAID EXPENSES
    Uang muka dan biaya dibayar dimuka adalah uang dan biaya            Advances and prepaid expenses are paid in cash and costs of
    yang sudah dibayarkan dengan manfaatnya yang akan dinikmati         unearned benefits that will be enjoyed in the future within
    di waktu mendatang dalam jangka waktu yang sudah ditentukan.        a specified period. Advances and prepaid expenses include
    Uang muka dan biaya dibayar dimuka mencakup uang muka               advances for purchases, advances for business trips, and other
    pembelian, uang muka perjalanan dinas, dan uang muka lainnya.       advances.

    Jumlah uang muka dan biaya dibayar di muka tahun 2024               The advances and prepaid expenses in 2024 reached USD31.56
    tercatat sebesar USD31.56 juta, menurun 22.44% dibandingkan         million, which were 22.44% higher compared to the previous
    tahun sebelumnya karena penyelesaian proyek perawatan               year mainly due to finalization of aircraft maintenance projects
    pesawat sepanjang tahun 2024.                                       during 2024.


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   PAJAK DIBAYAR DIMUKA                                                 PREPAID TAXES
   Pajak dibayar dimuka terdiri atas pajak pertambahan nilai (PPN)      Prepaid taxes consist of value-added tax (VAT) and corporate
   dan pajak penghasilan badan. Jumlah pajak dibayar dimuka             income tax. In 2024, the prepaid tax reached USD6.45 million,
   tahun 2024 mencapai USD6.45 juta, meningkat 137.22%                  which was 137.22% compared the previous year which mainly
   dibandingkan tahun sebelumnya yang terutama terjadi karena           due to part of VAT values which has to be classified as non-
   sebagian nilai dari PPN ada yang diklasifikasikan sebagai aset       current assets.
   tidak lancar.

   ASET – ASET TIDAK LANCAR                                             ASSETS – NON-CURRENT ASSETS

                                                                                                       Kenaikan (Penurunan)
                                                                                                        Increase (Decrease)
              Uraian                           2024                         2023
            Description                        (USD)                        (USD)                Nilai Nominal            Persentase
                                                                                                 Nominal Value            Percentage
                                                                                                     (USD)                    (%)

    Piutang Usaha Pihak Berelasi,
    Bagian Tidak Lancar
                                                       14,651,879                   15,049,694          (397,815)                (2.64%)
    Trade Receivables Related
    Parties, Non-Current Portion

    Piutang lain-lain
                                                         953,040                     3,163,691         (2,210,651)              (69.88%)
    Other Receivables

    Uang Muka dan Biaya Dibayar
    di Muka, Bagian Tidak Lancar
    Advances And Prepaid                                 891,637                      413,668             477,969               115.54%
    Expenses, Non-Current
    Portion

    Aset Tetap
                                                    149,093,821                  131,755,518           17,338,303                13.16%
    Fixed Assets

    Aset Hak Guna
                                                       28,184,035                   34,732,996         (6,548,961)              (18.86%)
    Right-of-use Assets

    Pajak Penghasilan Dibayar
    Dimuka
                                                       15,330,889                   10,858,192          4,472,697                41.19%
    Prepaid Corporate Income
    Taxes

    Aset Pajak Tangguhan
                                                        9,407,308                    7,417,592          1,989,716                26.82%
    Deferred Tax Assets

    Aset Tidak Lancar Lain-lain
                                                          14,109                       14,204                 (95)               (0.67%)
    Other Non-Current Assets

    Jumlah Aset Tidak Lancar
                                                    218,526,718                  203,405,555           15,121,163                  7.43%
    Total Non-Current Assets


   PIUTANG USAHA PIHAK BERELASI, BAGIAN TIDAK                           TRADE RECEIVABLES RELATED PARTIES, NON-
   LANCAR                                                               CURRENT PORTION
   Pada tahun 2024, jumlah akun ini mencapai USD14.65 juta,             In 2024, the Company recorded USD14.65 million in this
   menurun 2.64% dibandingkan tahun sebelumnya yang terutama            account, which was 2.64% lower compared to the previous
   terjadi karena adanya pembayaran dari Citilink.                      year mainly due to payment from Citilink.

   ASET TETAP                                                           FIXED ASSETS
   Aset tetap adalah bangunan dan prasarana yang dimiliki Perseroan.    Fixed assets are buildings and infrastructure that are owned
   Aset tetap ini digunakan untuk melakukan aktivitas produksi atau     for the production or supply of goods and services, or for
   penyediaan barang dan jasa. Demi tujuan administratif, aset tetap    administrative purposes, which are presented at fair value,
   disajikan sebesar nilai wajar, dikurangi penyusutan, berdasarkan     minus depreciation, based on an evaluation conducted by
   penilaian yang dilakukan oleh penilai independen terdaftar di OJK.   an external independent appraiser that has been registered
   Penilaian atas aset dilakukan secara berkala untuk memastikan        with OJK. The assets are evaluated periodically to ensure that
   bahwa nilai wajar aset yang direvaluasi tidak berbeda secara         the fair value of the revalued assets does not have material
   material dengan jumlah tercatatnya.                                  differentiation from its carrying amount.


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    Jumlah aset tetap tahun 2024 mencapai USD149.09 juta,                     The fixed assets in 2024 reached USD149.09 million and it was
    meningkat 13.16% dibandingkan tahun sebelumnya yang                      13.16% higher compared to the previous year mainly due to
    terutama terjadi karena transaksi inbreng atas kepemilikan               inbreng transaction transferring ownership of a Hangar and
    Hangar dan bangunan Annex dari Garuda.                                   the Annex building from Garuda.

    ASET HAK GUNA                                                            RIGHT-OF-USE ASSETS
    Perseroan mengakui aset hak guna dan liabilitas sewa                     The Company recognized the right-of-use assets and lease
    sehubungan dengan sewa yang sebelumnya diklasifikasikan                  liabilities related to the lease which was previously categorized
    sebagai ‘sewa operasi’. Jumlah aset hak guna pada tahun 2024             as ‘operating lease’. The Company’s right-of-use assets in 2024
    sebesar USD28,19 juta, menurun 18.86% dibandingkan tahun                 amounted to USD28.19 million, 18.86% lower compared to the
    sebelumnya terutama karena transaksi inbreng atas kepemilikan            previous year mainly due to inbreng transaction transferring
    Hangar dan bangunan Annex dari Garuda.                                   ownership of a Hangar and the Annex building from Garuda.

    ASET PAJAK TANGGUHAN                                                     DEFERRED TAX ASSETS
    Aset pajak tangguhan adalah saldo yang timbul akibat                     Deferred tax assets are balances arising from temporary
    perbedaan temporer antara aset dan liabilitas. Perbedaan ini             differences between assets and liabilities on a tax basis with
    dapat terjadi akibat adanya perbedaan antara nilai dasar pajak           the carrying values of assets and liabilities in the consolidated
    dengan nilai aset dan liabilitas yang tercatat dalam laporan             financial statements.
    keuangan konsolidasian.

    Jumlah aset pajak tangguhan tahun 2024 sebesar USD9.40                   Deferred tax assets in 2024 reached USD9.40 million, which was
    juta, meningkat 26.82% dibandingkan tahun sebelumnya                     26.82% higher compared to the previous year mainly due to the
    yang terutama karena adanya potensi pemulihan aktiva pajak               potential for recovery of deferred tax assets for accumulated
    tangguhan atas akumulasi kerugian fiskal di masa yang akan               fiscal losses in the future.
    datang.

    LIABILITAS – LIABILITAS JANGKA PENDEK                                    LIABILITIES – CURRENT LIABILITIES

                                                                                                              Kenaikan (Penurunan)
                                                                                                               Increase (Decrease)
                         Uraian                           2024                        2023
                       Description                        (USD)                       (USD)             Nilai Nominal             Persentase
                                                                                                        Nominal Value             Percentage
                                                                                                            (USD)                     (%)

     Pinjaman Jangka Pendek
                                                                         -                 194,603              (194,603)               (100.00%)
     Short-Term Loans

     Utang Usaha
                                                            64,719,936                  77,520,352           (12,800,416)                (16.51%)
     Trade Payables

     Utang Lain-Lain
                                                             4,220,301                   6,143,838            (1,923,537)                (31.31%)
     Other Payables

     Utang Pajak Lain-Lain
                                                             9,743,940                   6,489,143              3,254,797                 50.16%
     Taxes Payable

     Akrual
                                                            51,081,455                  55,408,500            (4,327,045)                 (7.81%)
     Accrual

     Liabilitas Kontrak
                                                            77,107,585                 110,994,585           (33,887,000)                (30.53%)
     Contract Liabilities

     Liabilitas Jangka Panjang yang Jatuh Tempo dalam Waktu Satu Tahun
     Current Liabilities of Long-Term Liabilities

          Pinjaman Jangka Panjang
                                                            20,004,877                   9,913,139             10,091,738                101.80%
          Long-Term Loans

          Liabilitas Imbalan Pasca Kerja
                                                             4,006,066                   3,274,853                731,213                 22.33%
          Liabilities for Employees - Benefits

          Liabilitas Sewa - Bagian Jangka Pendek
                                                             6,624,431                   9,778,332            (3,153,901)                (32.25%)
          Lease Liabilities - Current Maturities

     Jumlah Liabilitas Jangka Pendek
                                                           237,508,591                 279,717,345           (42,208,754)                (15.09%)
     Total Short-Term Liabilities



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   PINJAMAN JANGKA PENDEK                                            SHORT-TERM LOANS
   Pinjaman jangka pendek adalah fasilitas pinjaman dengan jangka    Short-term loans are loan facilities with less than one year
   waktu kurang dari satu tahun yang digunakan Perseroan. Tidak      period that the Company used. There was no short-term loan
   ada pinjaman jangka pendek pada tahun 2024, menurun 100%          in 2024 because it has decreased by 100% compared to the
   dibandingkan tahun sebelumnya terutama disebabkan oleh            previous year mainly due to debt settlement to Panin.
   pembayaran utang pinjaman ke Panin.

   UTANG USAHA                                                       TRADE PAYABLES
   Utang usaha adalah kewajiban membayar barang atau                 Trade payable is an obligation to pay for goods or services
   jasa yang telah diterima dalam kegiatan usaha normal dari         received from suppliers during the normal course of business.
   pemasok. Jumlah utang usaha tahun 2024 sebesar USD64.71           The Company recorded USD64.71 million of trade payables
   juta, menurun 16.51% dibandingkan tahun sebelumnya yang           in 2024, increased by 16.51% compared to the previous year
   terutama terjadi karena pembayaran utang dan restrukturisasi      which mainly due to debt payment and the restructuring of
   pembayaran utang usaha.                                           trade payables payment terms.

   UTANG LAIN-LAIN                                                   OTHER PAYABLES
   Utang lain-lain adalah akun yang mencatat transaksi dengan        Other payables record transaction activities with related
   pihak berelasi berupa dana pelanggan, utang bunga, dan            parties and it is comprised of customer funds, interest debt,
   dividen. Jumlah utang lain-lain tahun 2024 mencapai USD4.22       and dividends. Total other payables in 2024 reached USD4.22
   juta, menurun 31.31% dibandingkan tahun sebelumnya yang           million, decreased by 31.31% compared to the previous year
   terutama terjadi karena pembayaran atas manfaat pegawai.          which was mainly due to payment of employee benefits.

   UTANG PAJAK LAIN-LAIN                                             OTHER TAXES PAYABLE
   Utang pajak lain-lain merupakan pajak yang masih harus dibayar,   Other taxes payable are categorized as accrued tax including
   termasuk di dalamnya kenaikan yang tercantum dalam surat          the increase stated in the tax assessment or similar letter based
   ketetapan pajak atau surat sejenisnya berdasarkan peraturan       on tax legislation. The amount of taxes payable in 2024 reached
   perundang-undangan perpajakan. Jumlah utang pajak tahun           USD9.74 million, increased by 50.16% compared to the previous
   2024 mencapai USD9.74 juta, meningkat 50.16% dibandingkan         year which was mainly due to income tax payable for 2024.
   tahun sebelumnya yang terutama terjadi karena utang PPh 21
   tahun 2024.

   AKRUAL                                                            ACCRUAL
   Akrual GMF terdiri dari bonus dan tantiem, sewa, kurir            The accrual expense consists of bonuses. Lease, courier and
   dan pengiriman, outsourcing, telepon, listrik dan air, suku       delivery, outsourcing, phone, electricity and water, spare
   cadang, garansi pemeliharaan, pelatihan, jasa profesional,        parts, maintenance warranty, training, professional services,
   asuransi dan lain sebagainya. Jumlah akrual pada tahun 2024       insurance, and others. The accrual in 2024 reached USD51.08
   mencapai USD51.08 juta, menurun 7.81% dibandingkan tahun          million, decreased by 7.81% compared to the previous year
   sebelumnya yang terutama terjadi karena penyelesaian proyek       which was mainly due to the finalization of projects in the
   pada tahun berjalan.                                              current year.

   LIABILITAS KONTRAK                                                CONTRACT LIABILITIES
   Liabilitas kontrak adalah imbalan yang dibayarkan oleh            The liability of the contract is the payment from the customers
   pelanggan lebih dari saldo kewajiban pelaksanaan yang             for routine maintenance, with the amount more than the
   telah dipenuhi, yaitu atas pekerjaan perawatan rutin              required figure, since the collection refers to the realization
   yang penagihannya mengacu kepada realisasi flight hours           of flight hours based on Power by the Hour (PBTH).
   berdasarkan kontrak Power by the Hour (PBTH).

   Pada tahun 2024, liabilitas kontrak mencapai USD77.10             In 2024, the contract liabilities reached USD77.10 million,
   juta, menurun 30.53% dibandingkan tahun sebelumnya yang           decreased by 30.53% compared to the previous year which was
   terutama terjadi karena penyelesaian proyek reaktivasi Garuda     mainly due to finalization of Garuda and Citilink reactivation
   dan Citilink.                                                     projects.




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    PINJAMAN JANGKA PANJANG JATUH TEMPO                                  CURRENT MATURITIES OF LONG-TERM LOANS
    DALAM SATU TAHUN
    Pinjaman ini merupakan fasilitas pinjaman yang digunakan             This is a loan with a maturity of over one year but will be due
    Perseroan dengan jangka waktu lebih dari satu tahun, namun           next year. In 2024, the Company recorded USD20,00 million of
    akan jatuh tempo pada satu tahun ke depan. Pada tahun 2024,          this loan, which was 101.80% higher compared to the previous
    pinjaman ini mencapai USD20.00 juta, meningkat 101.80%               year mainly due to the portion of long-term debt maturing
    dibandingkan tahun sebelumnya yang terutama terjadi karena           within one year.
    bagian utang jangka panjang yang jatuh tempo dalam satu tahun.

    LIABILITAS IMBALAN KERJA JATUH TEMPO DALAM                           CURRENT MATURITIES OF LIABILITIES FOR
    SATU TAHUN                                                           EMPLOYEES BENEFIT
    Liabilitas ini merupakan kewajiban Perseroan kepada karyawan
    atas imbalan pasca-kerja berupa program iuran pasti dan              The Company is obligated to pay post-employment benefits to
    manfaat pasti. Liabilitas ini juga mencakup imbalan kerja jangka     employees in the form of a defined contribution plan and defined
    panjang lain untuk karyawan yang memenuhi persyaratan                benefit. The liability also covers other long-term benefits for
    program. Liabilitas yang masuk ke dalam liabilitas jangka pendek     eligible employees. The liability categorized as short-term
    merupakan kewajiban kepada pegawai yang akan memasuki                liability is the obligation for employees who are about to retire
    masa pensiun maksimal satu tahun setelah tanggal pelaporan.          not more than a year after the reporting date.

    Pada tahun 2024, liabilitas ini mencapai USD4.00 juta,               In 2024, the Company recorded a total of USD4.00 million in
    meningkat 22.33% dibandingkan tahun sebelumnya yang                  this liability, which was 22.33% higher compared to the previous
    terutama terjadi karena peningkatan ini sejalan dengan               year mainly due to increase that was in line with the Company’s
    demografi pegawai Perseroan saat ini.                                current employee demographics.

    LIABILITAS SEWA JATUH TEMPO DALAM SATU TAHUN                         CURRENT MATURITIES OF LEASE LIABILITIES
    Pada saat penerapan PSAK 73, Perseroan mengakui aset                 During the implementation of PSAK 73, the Company recognizes
    hak-guna dan liabilitas sewa sehubungan dengan sewa yang             the rights-of-use assets and lease liabilities in accordance
    sebelumnya diklasifikasikan sebagai ‘sewa operasi’ berdasarkan       with the lease whch previously classified as `operating lease’
    prinsip-prinsip dalam PSAK 30, “Sewa”. Liabilitas sewa diukur        according to the principles of PSAK 30, “Lease”. Lease liability
    pada nilai kini dari sisa pembayaran sewa, yang didiskontokan        is measured based on present value, discounted using the
    dengan menggunakan suku bunga pinjaman inkremental                   incremental interest rate of the Company on January 1, 2020. In
    Perseroan pada tanggal 1 Januari 2020. Pada tahun 2024,              2024, the Company recorded USD6.62 million in this account.
    Perseroan mencatat nilai akun ini mencapai USD6.62 juta.

    LIABILITAS – LIABILITAS JANGKA PANJANG                               LIABILITIES – NON-CURRENT LIABILITIES

                                                                                                           Kenaikan (Penurunan)
                                                                                                            Increase (Decrease)
                           Uraian                           2024                   2023
                         Description                        (USD)                  (USD)              Nilai Nominal           Persentase
                                                                                                      Nominal Value           Percentage
                                                                                                          (USD)                   (%)

     Liabilitas Jangka Panjang - Setelah Dikurangi Bagian yang Jatuh Tempo Dalam dalam Satu Tahun
     Long-Term Liabilities - Net of Current Maturities

     Utang Usaha Pihak Berelasi
                                                               2,635,490               9,755,745           (7,120,255)              (72.99%)
     Trade Payables Related Parties

     Utang Usaha Pihak Ketiga
                                                               8,743,176             14,340,693            (5,597,517)              (39.03%)
     Trade Payables Third Parties

     Pinjaman Jangka Panjang
                                                             371,217,848            390,562,375           (19,344,527)               (4.95%)
     Long-Term Loans

     Liabilitas Imbalan Kerja
                                                              23,779,983             24,453,563             (673,580)                (2.75%)
     Liabilities for Employee Benefits

     Liabilitas Sewa
                                                              38,646,418             42,353,284            (3,706,866)               (8.75%)
     Lease Liabilities

     Jumlah Liabilitas Jangka Panjang
                                                             445,022,915            481,465,660           (36,442,745)               (7.57%)
     Total Non-Current Liabilities




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   UTANG USAHA PIHAK KETIGA                                           TRADE PAYABLES THIRD PARTIES
   Sebagai usaha Perseroan dalam menjaga keberlangsungan              As part of the Company’s efforts to maintain its business, the
   bisnis, Perseroan melakukan negosiasi terhadap sejumlah            Company has negotiated with suppliers to restructure its short-
   pemasok dengan skema merestrukturisasi utang jangka pendek         term debt into long-term debt. In 2024, the Company paid its
   menjadi utang jangka panjang. Pada tahun 2024, Perseroan           debt to vendors in accordance with the debt restructuring
   berhasil melakukan pelunasan utang vendor sesuai dengan            agreement.
   kesepakatan restrukturisasi utang.

   PINJAMAN JANGKA PANJANG                                            LONG-TERM LOANS
   Pinjaman ini merupakan fasilitas dengan jangka waktu lebih dari    The loan is a facility with more than one year term after
   satu tahun setelah dikurangi dengan porsi pinjaman yang akan       deducted from the portion that will be due next year. The
   jatuh tempo dalam satu tahun ke depan. Penurunan pinjaman          decrease of 4.95% in 2024 to reach USD 371.21 million was
   jenis ini sebesar 4.95% pada tahun 2024 mencapai USD371.21         in line with the payment schedule of the Company’s debt.
   juta sejalan dengan jadwal pembayaran utang Perseroan.

   LIABILITAS IMBALAN KERJA                                           LIABILITIES FOR EMPLOYEE BENEFITS
   Liabilitas imbalan kerja yang dikategorikan sebagai liabilitas     The liabilities for employee benefits which are categorized
   jangka panjang merupakan kewajiban Perseroan kepada                as long-term liabilities are the Company’s responsibility to
   pegawai yang akan pensiun di tahun-tahun berikutnya. Pada          employees who are about to retire in the following years. In
   tahun 2024, liabilitas imbalan kerja tercatat sebesar USD23.77     2024, the Company recorded USD23.77 million in this liability,
   juta, menurun 2.75% dibandingkan tahun sebelumnya yang             which was 2.75% lower compared to the previous year which
   terutama terjadi karena menyesuaikan dengan perhitungan            occurred mainly due to aligning with the recalculation of
   kembali atas kewajiban imbalan kerja.                              liabilities for employee benefits.

   LIABILITAS SEWA                                                    LEASE LIABILITIES
   Pada saat penerapan PSAK 73, Perseroan mengakui aset               During the implementation of PSAK 73, the Company recognizes
   hak-guna dan liabilitas sewa sehubungan dengan sewa yang           the rights-of-use assets and lease liabilities in accordance with
   sebelumnya diklasifikasikan sebagai ‘sewa operasi’ berdasarkan     the lease which was previously classified as ‘operating lease’
   prinsip-prinsip dalam PSAK 30, “Sewa”. Liabilitas sewa diukur      according to the principles of PSAK 30, “Lease”. The lease
   pada nilai kini dari sisa pembayaran sewa, yang didiskontokan      liability is measured based on present value, discounted using
   dengan menggunakan suku bunga pinjaman inkremental                 the incremental interest rate of the Company on January 1,
   Perseroan pada tanggal 1 Januari 2020. Pada tahun 2024,            2020. In 2024, the Company recorded USD38.64 million in this
   Perseroan mencatat nilai liabilitas sewa sebesar USD38.64          liability, which was 8.75% lower compared to the previous year
   juta, menurun 8.75% dibandingkan tahun sebelumnya yang             which occurred mainly due to inbreng transaction transferring
   terutama terjadi karena transaksi inbreng atas kepemilikan         ownership of a Hangar and the Annex building from Garuda.
   Hangar dan bangunan Annex dari Garuda.

   EKUITAS                                                            EQUITY

                                                                                                       Kenaikan (Penurunan)
                                                                                                        Increase (Decrease)
                         Uraian                           2024                  2023
                       Description                        (USD)                 (USD)             Nilai Nominal         Persentase
                                                                                                  Nominal Value         Percentage
                                                                                                      (USD)                 (%)

    Modal Saham
                                                           219,015,655           219,015,655                      0                  0
    Share Capital

    Tambahan Modal disetor
                                                            62,417,236            62,417,236                      0                  0
    Additional Paid-In Capital

    Rugi Komprehensif Lain
                                                           (15,900,891)          (16,353,693)              452,802              2.77%
    Other comprehensive loss

    Saldo Laba/(Amulasi Kerugian)
    Retained Earnings/(Accomuldated Loss)

        Dicadangkan
                                                             7,492,540              7,492,540                     0                  0
        Appropriated

        Belum Dicadangkan
                                                          (557,002,037)         (583,893,153)           26,891,116              4.61%
        Unappropriated



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                                                                                                           Kenaikan (Penurunan)
                                                                                                            Increase (Decrease)
                          Uraian                             2024                   2023
                        Description                          (USD)                  (USD)             Nilai Nominal            Persentase
                                                                                                      Nominal Value            Percentage
                                                                                                          (USD)                    (%)

     Jumlah Ekuitas yang Dapat Diatribusikan
     Kepada Entitas Induk                                   (258,067,606)           (311,321,415)           53,253,809               17.11%
     Equity Attributable to Owners of the Parent

     Kepentingan Nonpengendali
                                                                  166,303                159,513                  6,790               4.26%
     Non-Controlling Interest

     Jumlah Ekuitas
                                                              (257,901,303)        (311,161,902)           53,260,599                17.12%
     Total Equity


    MODAL SAHAM DAN TAMBAHAN MODAL DISETOR                                SHARE AND ADDITIONAL PAID-IN CAPITAL
    Modal saham Perseroan mengalami perubahan pada tahun                  The Company’s share capital experienced a change in 2024. At
    2024. Pada RUPS Luar Biasa tanggal 28 Oktober 2024,                   the Extraordinary GMS on October 28, 2024, the shareholders
    pemegang saham telah menyetujui pelaksanaan Rights Issue              approved the implementation of the Rights Issue (PMHMETD),
    (PMHMETD) yang akan dilaksanakan sepenuhnya pada tanggal              which will be effective on January 15, 2025. Accordingly, in the
    15 Januari 2025. Dengan demikian, pada Laporan Keuangan               Financial Statements for the year ending December 31, 2024,
    untuk tahun yang berakhir pada 31 Desember 2024, terdapat             an additional account, “advance for share capital,” amounting
    penambahan akun “uang muka setoran atas modal saham”                  to USD25.91 million, was recorded.
    sebesar USD25.91 juta.

    RUGI KOMPREHENSIF LAIN                                                OTHER COMPREHENSIVE LOSS
    Rugi komprehensif lain merupakan akumulasi penghasilan                Other comprehensive loss is an accumulation of other income
    lain-lain di luar kegiatan operasional Perseroan. Penghasilan ini     outside the Company’s operational activities. The income
    mencakup keuntungan revaluasi aset tetap setelah dikurangi            consist of gain on revaluation of fixed assets, revaluation of
    penyusutan, pengukuran kembali liabilitas imbalan pasca               post employment benefit liability, exchange differences due
    kerja, selisih kurs karena penjabaran laporan keuangan, dan           to financial statement translation, and others.
    sebagainya.

    Pada tahun 2024, rugi komprehensif lain tercatat sebesar              In 2024, the Company recorded USD15.90 million of other
    USD15.90 juta, menurun 2.77% dibandingkan tahun sebelumnya            comprehensive loss, which was 2.77% lower compared to the
    yang terjadi terutama karena dampak pengukuran kembali                previous year mainly due to remeasurement of liabilities for
    imbalan pasca kerja.                                                  employee benefits.

    SALDO LABA/(DEFISIT)                                                  RETAINED EARNINGS/(DEFICIT)
    Saldo defisit adalah sebagian atau keseluruhan laba/(rugi)            Retained earning is part of entire earning /(deficit) that is not
    Perseroan yang tidak didistribusikan sebagai dividen kepada           distributed as dividend to shareholders. Part of this retained
    pemegang saham. Sebagian saldo laba/(rugi) ini dicadangkan            earning/(loss) is reserved as working capital to purchase fixed
    sebagai modal kerja untuk membeli aset tetap maupun                   assets or even allocated to settle debts. The retained earning/
    dialokasikan untuk melunasi kewajiban. Saldo laba/(rugi)              (deficit) consist of reserved retained earnings and unreserved
    terdiri dari saldo laba dicadangkan serta saldo laba yang belum       retained earnings.
    dicadangkan.

    Pada tahun 2024, saldo defisit tercatat sebesar USD549.50 juta,       In 2024, the deficit balance was USD549.50 million, decreased
    menurun 4.67% dibandingkan tahun sebelumnya yang terjadi              by 4.67% compared to the previous year due to the Company’s
    terutama karena kinerja positif Perseroan pada tahun berjalan.        positive performance during the year.




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   LAPORAN LABA RUGI DAN PENGHASILAN                             CONSOLIDATED STATEMENTS
   KOMPREHENSIF LAIN KONSOLIDASIAN                               OF PROFIT OR LOSS AND OTHER
                                                                 COMPREHENSIVE INCOME

                                                                                              Kenaikan (Penurunan)
                                                                                               Increase (Decrease)
               Uraian                    2024                     2023
             Description                 (USD)                    (USD)                  Nilai Nominal        Persentase
                                                                                         Nominal Value        Percentage
                                                                                             (USD)                (%)

    Pendapatan Usaha
                                             421,223,186                  373,206,984        48,016,202              12.87%
    Revenue

    Beban Usaha
                                             379,219,103                  345,505,584        33,713,519                9.76%
    Operating Expenses

    Laba Usaha
                                              42,004,083                   27,701,400        14,302,683              51.63%
    Operating Income

    Penghasilan Keuangan
                                                  337,803                     238,867            98,936              41.42%
    Finance Income

    Beban Keuangan
                                             (20,166,464)                 (23,619,058)        3,452,594              14.62%
    Finance Costs

    Pendapatan Lain-Lain,
    Bersih                                       2,064,576                  1,820,801           243,775              13.39%
    Other Income, Net

    Laba/(Rugi) Sebelum Pajak
    Penghasilan
                                              24,744,115                   19,730,024         5,014,091              25.41%
    Profit/(Loss) Before Income
    Tax

    Manfaat Pajak Penghasilan
                                                 2,155,930                    438,665         1,717,265             391.48%
    Income Tax Benefit

    Laba/(Rugi) Tahun Berjalan
                                              26,900,045                   20,168,689         6,731,356              33.38%
    Profit/(Loss) for the Year

    Penghasilan Komprehensif
    Lain Tahun Berjalan
                                                  474,433                   (301,340)           775,773             257.44%
    Other Comprehensive
    Income for the Year

    Jumlah Penghasilan
    Komprehensif Lain
                                                  452,802                   (235,166)           687,968             292.55%
    Total Other Comprehensive
    Income

    Jumlah Laba/(Rugi)
    K o m p r e h e n s i f Ta h u n
    Berjalan                                  27,352,847                   19,933,523         7,419,324              37.22%
    To t a l C o m p r e h e n s i ve
    Income/(Loss) for the Year

    Laba/(Rugi) Tahun Berjalan yang Dapat Diatribusikan Kepada
    Profit/(Loss) for the Year Attributable to

    Pemilik Entitas Induk
                                              26,891,116                   20,276,463         6,614,653              32.62%
    Owner of Parent Entity

    Kepentingan Nonpengendali
                                                    8,929                   (107,774)           116,703             108.28%
    Non-Controlling interests

    Laba/(Rugi) Tahun Berjalan
                                              26,900,045                   20,168,689         6,731,356              33.38%
    Profit/(Loss for the Year




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                                                                                                   Analisis dan Pembahasan Manajeme
                                                                                                   Management Discussion and Analysis




                                                                                                          Kenaikan (Penurunan)
                                                                                                           Increase (Decrease)
               Uraian                      2024                              2023
             Description                   (USD)                             (USD)                   Nilai Nominal          Persentase
                                                                                                     Nominal Value          Percentage
                                                                                                         (USD)                  (%)

     Laba/(Rugi) Komprehensif yang Dapat Diatribusikan Kepada:
     Comprehensive Income/(Loss) Attributable to:

     Pemilik Entitas Induk
                                                27,343,918                            20,041,297          7,302,621                 36.44%
     Owner of Parent Entity

     Kepentingan Nonpengendali
                                                      8,929                            (107,774)            116,703                108.28%
     Non-Controlling interests

     Laba/(Rugi) Komprehensif
     Tahun Berjalan
                                                27,352,847                            19,933,523          7,419,324                 37.22%
     Comprehensive Income/
     (Loss) for the Year

     Laba/(Rugi) per Saham
     Dasar/Dilusian
                                                    0.0010                               0.0007              0.0003                 32.62%
     Basic/Diluted Earnings
     (Loss) per Share


    PENDAPATAN USAHA                                                    REVENUE
    Pendapatan usaha tahun 2024 tercatat sebesar USD421.22              The revenue in 2024 reached USD421.22 million, higher by
    juta, yang meningkat 12.87% dibandingkan tahun sebelumnya           12.87% compared to the previous year due to reactivation of
    karena aktivitas pekerjaan reaktivasi pesawat Garuda dan            Garuda and Citilink aircrafts.
    Citilink.

    BEBAN USAHA                                                         OPERATING EXPENSES

                                                                                                          Kenaikan (Penurunan)
                                                                                                           Increase (Decrease)
                          Uraian                              2024                   2023
                        Description                           (USD)                  (USD)
                                                                                                     Nilai Nominal          Persentase
                                                                                                     Nominal Value          Percentage
                                                                                                         (USD)                  (%)

     Beban Pegawai
                                                               116,569,103           101,486,732          15,082,371                14.86%
     Employee Expenses

     Beban Material
                                                               117,177,864            97,791,734          19,386,130                19.82%
     Material Expenses

     Beban Subkontrak
                                                               100,390,977           105,611,422          (5,220,445)               (4.94%)
     Subcontract Expenses

     Beban Penyusutan
                                                                18,694,769            20,372,753          (1,677,984)               (8.24%)
     Depreciation Expense

     Beban Operasional Lainnya
                                                                20,441,906            22,284,253          (1,842,347)               (8.27%)
     Other Operating Expenses


    BEBAN PEGAWAI                                                       EMPLOYEE EXPENSES
    Beban pegawai mencakup biaya gaji dan tunjangan pegawai,            Employee expenses include salaries and employee benefits,
    insentif, biaya kontribusi dana pensiun, imbalan kerja, dan biaya   incentives, pension fund contribution costs, employee rewards,
    pegawai lainnya. Pada tahun 2024, beban pegawai mencapai            and other employee costs. In 2024, employee expenses reached
    USD116.56 juta, yang meningkat 14.86% dibandingkan tahun            USD116.56 million, higher by 14.86% compared to the previous
    sebelumnya karena kenaikan gaji pokok dan tunjangan pada            year due to increased basic salaries and allowances in the
    tahun berjalan.                                                     current year.




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   BEBAN MATERIAL                                                   MATERIAL EXPENSES
   Beban material mencakup biaya pembelian suku cadang              Material expenses include the expense of purchasing
   habis pakai (expendable), suku cadang yang dapat diperbaiki      consumable parts (expandable), repairable parts, courier
   (repairable), biaya kurir dan pengiriman, biaya bahan            and shipping, fuel, and others. In 2024, the Company spent
   bakar, dan biaya material lainnya. Pada tahun 2024, beban        USD117.17 million on material expenses, 19.82% higher
   material mencapai USD117.17 juta, yang meningkat 19.82%          compared to the previous year due to the Garuda and Citilink
   dibandingkan tahun sebelumnya karena pekerjaan proyek            aircraft reactivation projects.
   reaktivasi pesawat Garuda dan Citilink.

   BEBAN SUBKONTRAK                                                 SUBCONTRACTING EXPENSES
   Beban subkontrak mencakup biaya komponen subkontrak              Subcontracting expenses include the expenses for
   dan biaya jasa teknis dan penunjang penerbangan. Jumlah          subcontracting components and other expenses covering
   beban subkontrak tahun 2024 mencapai USD100.39 juta,             technical services and airline support. The total subcontracting
   yang menurun 4.94% dibandingkan tahun sebelumnya karena          expenses in 2024 reached USD100.39 million, 4.94% lower
   program efiensi Perseroan melalui restrukturisasi kontrak        compared to the previous year because the Company
   berjalan.                                                        restructured its current contract as part of efficiency program.

   BEBAN PENYUSUTAN                                                 DEPRECIATION EXPENSES
   Beban penyusutan mencakup beban penyusutan aset tetap,           Depreciation expenses consist of depreciation expenses of
   beban amortisasi dan beban penurunan aset. Jumlah beban          fixed assets, amortization expenses, and impairment of assets.
   penyusutan tahun 2024 mencapai USD18.69 juta, yang               The depreciation expenses in 2024 reached USD18.69 million,
   menurun 8.24% dibandingkan tahun sebelumnya karena sejalan       8.24% lower compared to the previous year due to aligns with
   dengan banyaknya aset yang sudah tersusutkan penuh pada          a significant number of assets reaching full depreciation in the
   tahun sebelumnya dan rendahnya akuisisi aset pada tahun          previous year and fewer asset acquisitions in the current year.
   berjalan.

   BEBAN KEUANGAN                                                   FINANCE COSTS
   Beban keuangan mencakup beban bunga atas fasilitas keuangan,     Finance costs consist of interest charges for financial facilities,
   biaya transaksi, dan biaya lain-lain yang dibebankan atas        transaction fees, and other expenses for using the facility. In
   fasilitas. Pada tahun 2024, beban keuangan mencapai USD20.16     2024, the finance costs amounted to USD20.16 lower by
   juta, menurun 14.62% dibandingkan tahun sebelumnya karena        14.62% compared to the previous year due to decrease interest
   penurunan beban bunga pinjaman ke bank pada tahun berjalan.      expenses on bank loans in the current year.

   PENDAPATAN LAIN-LAIN, BERSIH                                     OTHER INCOME, NET
   Pendapatan lain-lain pada tahun 2024 mencapai USD2.06 juta,      Other income in 2024 reached USD2.06 higher by 13.39%
   meningkat 13.39% dibandingkan tahun sebelumnya karena            compared to the previous year due to the restructuring of
   adanya restrukturisasi utang vendor dan restrukturisasi jangka   vendor debt and renegotiation of bank loan repayment terms.
   waktu pembayaran pinjaman bank.

   MANFAAT PAJAK PENGHASILAN                                        INCOME TAX BENEFIT
   Manfaat pajak penghasilan pada tahun 2024 mencapai USD2.15       Income tax benefit in 2024 reached USD2.15 million, higher by
   juta, meningkat 391.48% dibandingkan tahun sebelumnya            391.48% compared to the previous year due to the calculation
   karena perhitungan laba fiskal tahun 2024 lebih besar            of fiscal profit in 2024 is greater than commercial profit.
   dibandingkan laba komersial.

   LABA/(RUGI) TAHUN BERJALAN                                       PROFIT/(LOSS) FOR THE YEAR
   Laba/(rugi) tahun berjalan pada tahun 2024 mencapai USD26.90     Profit/(loss) for the year in 2024 reached USD26.90 million,
   juta, meningkat 33.38% dibandingkan tahun sebelumnya karena      higher by 33.38% compared to the previous year due to the
   kinerja positif Perseroan pada tahun berjalan.                   Company’s positive performance during the year.

   LABA/(RUGI) KOMPREHENSIF TAHUN BERJALAN                          COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR
   Laba/(rugi) komprehensif tahun berjalan pada tahun 2024          Comprehensive income/(loss) for the year in 2024 reached
   mencapai USD27.35 juta, meningkat 37.22% dibandingkan            USD27.35 million, higher by 37.22% compared to the previous
   tahun sebelumnya karena dampak pengukuran kembali imbalan        year due to remeasurement of liabilities for employee benefits.
   pasca kerja.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                              Analisis dan Pembahasan Manajeme
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    LAPORAN ARUS KAS KONSOLIDASIAN                                     CONSOLIDATED STATEMENTS
                                                                       OF CASH FLOWS

                                                                                                     Kenaikan (Penurunan)
                                                                                                      Increase (Decrease)
                          Uraian                          2024                2023
                        Description                       (USD)               (USD)             Nilai Nominal           Persentase
                                                                                                Nominal Value           Percentage
                                                                                                    (USD)                   (%)

     Arus Kas Bersih yang Diperoleh dari Aktivitas
     Operasi
                                                           14,196,532           30,681,202          (16,484,670)                (53.73%)
     Net Cash Flows Generated from Operating
     Activities

     Arus Kas Bersih yang Digunakan untuk Aktivitas
     Investasi                                             (3,660,239)           (639,036)            3,021,203                 472.78%
     Net Cash Flows Used in Investing Activities

     Arus Kas Bersih yang Digunakan untuk Aktivitas
     Pendanaan                                            (18,528,862)         (14,218,123)           4,310,739                  30.32%
     Net Cash Flows Used in Financing Activities

     (Penurunan)/Kenaikan Bersih Kas dan Setara Kas
                                                           (7,992,569)          15,824,043          (23,816,612)               (150.51%)
     (Decrease)/Increase in Cash and Cash Equivalents

     Kas dan Setara Kas Awal Tahun
                                                           21,051,033            5,103,013           15,948,020                 312.52%
     Cash and Cash Equivalents at Beginning of Year

     Efek Perubahan Kurs Mata Uang Asing
                                                             (434,983)             123,977             (558,960)               (450.86%)
     Effects of Changes in Foreign Exchange Rates

     Kas dan Setara Kas Akhir Tahun
                                                           12,623,481           21,051,033           (8,427,552)                (40.03%)
     Cash and Cash Equivalents at End of Year



    ARUS KAS DARI AKTIVITAS OPERASI                                    CASH FLOWS FROM OPERATING ACTIVITIES

                                                                                                     Kenaikan (Penurunan)
                                                                                                      Increase (Decrease)
                              Uraian                       2024                2023
                            Description                    (USD)               (USD)            Nilai Nominal            Persentase
                                                                                                Nominal Value            Percentage
                                                                                                    (USD)                    (%)

     Penerimaan Kas dari Pelanggan
                                                            397,785,529        420,776,424          (22,990,895)                 (5.46%)
     Cash Receipts from Customers

     Pembayaran Kas kepada Pemasok dan Lainnya
                                                           (258,200,426)      (284,067,644)         (25,867,218)                 (9.11%)
     Cash Paid to Suppliers and others

     Pembayaran Kas kepada Karyawan
                                                           (106,599,995)       (92,669,186)          13,930,809                  15.03%
     Cash Paid to Employees

     Kas Diperoleh dari Operasi
                                                             32,985,108         44,039,594          (11,054,486)                (25.10%)
     Cash Generated from Operations

     Pembayaran Beban Keuangan
                                                            (14,820,923)       (15,141,970)            (321,047)                 (2.12%)
     Finance Costs Paid

     Pengembalian Pajak
                                                                          -      1,977,067           (1,977,067)               (100.00%)
     Tax Refund

     Pembayaran Pajak Penghasilan
                                                             (1,703,336)          (193,489)            1,509,847                780.33%
     Income Taxes Paid

     Pembayaran Pajak lain – lain
                                                             (1,720,412)                  -            1,720,412                  100%
     Other Taxes Paid

     (Pembayaran) Kas dan Setara Kas yang Dibatasi
     Penggunaannya                                                (543,905)               -              543,905                  100%
     (Payments) in Restricted Cash and Cash Equivalents


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                                                                                                                 Kenaikan (Penurunan)
                                                                                                                  Increase (Decrease)
                         Uraian                                   2024                        2023
                       Description                                (USD)                       (USD)          Nilai Nominal         Persentase
                                                                                                             Nominal Value         Percentage
                                                                                                                 (USD)                 (%)

    Arus Kas Bersih yang Diperoleh dari Aktivitas
    Operasi                                                             14,196,532              30,681,202      (16,484,670)            (53.73%)
    Net Cash Flows Generated from Operating Activities



   Kas bersih dari aktivitas operasi pada tahun 2024 tercatat                 Net cash flows from operating activities in 2024 amounted to
   sebesar USD14.19 juta, menurun 53.73% dibandingkan tahun                   USD14.19 million, which was 53.73% lower compared to the
   sebelumnya terutama karena komitmen Perseroan dalam                        previous year mainly due to the Company’s commitment in
   pembayaran utang vendor.                                                   paying its debt to vendor.

   ARUS KAS DARI AKTIVITAS INVESTASI                                          CASH FLOWS FROM INVESTING ACTIVITIES

                                                                                                                 Kenaikan (Penurunan)
                                                                                                                  Increase (Decrease)
                             Uraian                                       2024                 2023
                           Description                                    (USD)                (USD)         Nilai Nominal         Persentase
                                                                                                             Nominal Value         Percentage
                                                                                                                 (USD)                 (%)

    (Pembayaran)/Penerimaan Kas dan Setara Kas yang Dibatasi
    Penggunaannya                                                                    0             (7,191)             (7,191)            (100%)
    (Payments)/Proceeds in Restricted Cash and Cash Equivalents

    Penerimaan Pendapatan Keuangan
                                                                             337,803              269,641              68,162            25.28%
    Finance Income Received

    Pembayaran Untuk Perolehan Aset Tetap dan Uang Muka
                                                                          (3,998,042)            (901,486)        3,096,556             343.49%
    Payments for Acquisition of Fixed Assets and Advance

    Arus Kas Bersih yang Digunakan untuk Aktivitas Investasi
                                                                          (3,660,239)            (639,036)        3,021,203             472.78%
    Net Cash Flows Used in Investing Activities



   Kas bersih dari aktivitas investasi pada tahun 2024 tercatat               Net cash flows from investing activities in 2024 amounted to
   sebesar USD3.66 juta, meningkat 472.78% dibandingkan tahun                 USD3.66 million, which was 472.78% higher compared to the
   sebelumnya terutama karena peningkatan ini seiring dengan                  previous year mainly due to the increase that was in line with
   penambahan perolehan aset tetap Perseroan.                                 additional fixed assets the Company acquired.

   ARUS KAS DARI AKTIVITAS PENDANAAN                                          CASH FLOWS FROM FINANCING ACTIVITIES

                                                                                                              Kenaikan (Penurunan)
                                                                                                               Increase (Decrease)
                   Uraian                            2024                         2023
                 Description                         (USD)                        (USD)                Nilai Nominal             Persentase
                                                                                                       Nominal Value             Percentage
                                                                                                           (USD)                     (%)

    Penerimaan Pinjaman Jangka Pendek
                                                                   0)                             0                    0                         0
    Proceeds from Short-Term Loans

    Pembayaran Pinjaman Jangka Pendek
                                                           (181,587)                              0           181,587                         100%
    Payment of Short-Term Loans

    Penerimaan Pinjaman Jangka Panjang
                                                                   0                              0                    0                         0
    Proceeds from Long-Term Loans

    Pembayaran Pinjaman Jangka Panjang
                                                         (10,874,438)                    (8,332,558)         2,541,880                   30.51%
    Payment of Long-Term Loans




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                                                                                                              Analisis dan Pembahasan Manajeme
                                                                                                              Management Discussion and Analysis




                                                                                                                  Kenaikan (Penurunan)
                                                                                                                   Increase (Decrease)
                       Uraian                               2024                     2023
                     Description                            (USD)                    (USD)                 Nilai Nominal                Persentase
                                                                                                           Nominal Value                Percentage
                                                                                                               (USD)                        (%)

     Pembayaran Liabilitas Sewa
     Payment of Lease Liabilities
                                                              (7,472,837)                 (5,885,565)            1,587,272                        26.97%
     Acceptance of Factoring Liabilities

     Arus Kas Bersih yang Digunakan untuk
     Aktivitas Pendanaan
                                                            (18,528,862)                 (14,218,123)            4,310,739                        30.32%
     Net Cash Flows Used in Financing
     Activities


    Kas bersih dari aktivitas pendanaan pada tahun 2024 tercatat                 Net cash flows from financing activities in 2024 amounted to
    sebesar USD18.52 juta, meningkat 30.32% dibandingkan tahun                   USD18.52 million, which was 30.32% higher compared to the
    sebelumnya terutama karena komitmen Perseroan dalam                          previous year mainly due to the Company’s commitment in
    membayar utang bank.                                                         paying its bank debt.

    KENAIKAN (PENURUNAN) BERSIH                                                  INCREASE (DECREASE) OF CASH AND CASH
    KAS DAN SETARA KAS SERTA KAS                                                 EQUIVALENT AND AT END OF YEAR BALANCE
    DAN SETARA KAS AKHIR TAHUN
    Dengan akumulasi pada arus kas dari aktivitas operasi, arus kas              The accumulation of cash flow on operating, investment, and
    dari aktivitas investasi, serta arus kas dari aktivitas pendanaan,           funding activities, along with the effect of foreign exchange
    serta efek perubahan kurs mata uang asing, kas dan setara kas                rate charges, the cash and cash equivalents throughout 2024
    sepanjang tahun 2024 mengalami penurunan sebesar USD8.42                     decreased by USD8.42 million. Therefore, the Company
    juta. Dengan demikian, kas dan setara kas pada akhir tahun                   recorded USD12.62 million in its cash and cash equivalents
    2024 tercatat sebesar USD12.62 juta.                                         by the end of 2024.

    KEMAMPUAN MEMBAYAR UTANG DAN                                                 ABILITY TO PAY DEBT AND
    TINGKAT KOLEKTIBILITAS PIUTANG                                               RECEIVABLES COLLECTIBILITY

    Kemampuan Perseroan dalam membayar utang diukur                              The Company’s ability to pay the debt is calculated using
    menggunakan rasio solvabilitas dan rasio likuiditas. Rasio                   the solvability ratio and liquidity ratio. The solvability ratio
    solvabilitas merupakan rasio yang mengukur kemampuan                         calculates the Company’s ability to pay its short and long-term
    Perseroan membayar seluruh utang jangka pendek dan jangka                    loans. Meanwhile, the liquidity ratio is calculated to determine
    panjang. Sedangkan rasio likuiditas diukur untuk menentukan                  the Company’s ability to pay its short-term loan.
    kemampuan Perseroan dalam membayar utang jangka pendek.

    RASIO LIKUIDITAS                                                             LIQUIDITY RATIO

                                                                                                              Kenaikan (Penurunan)
                                                                                                               Increase (Decrease)
              Uraian                          2024                         2023
            Description                    (kali | times)               (kali | times)                                                   Persentase
                                                                                                        Nilai Nominal
                                                                                                                                         Percentage
                                                                                                        Nominal Value
                                                                                                                                             (%)
     Cash Ratio                                             0.05                         0.08                            (0.03)                   (38.00)
     Acid Test Ratio                                        0.61                         0.62                            (0.01)                      (1.27)
     Current Ratio                                          0.87                         0.88                            (0.01)                      (1.58)



    Pada tahun 2024, tingkat cash ratio Perseroan tercatat sebesar               In 2024, the Company’s cash ratio was recorded at 0.05 times,
    0.05 kali dibandingkan tahun 2023 sebesar 0.08 kali. Dengan                  compared to 0.08 times in 2023. This represents a decrease of
    demikian terjadi penurunan 38.00%. Penurunan ini sejalan                     38.00%. This decrease is in line with the net cash flow gained
    dengan arus kas bersih yang diperoleh dari aktivitas operasi.                from operating activities.




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   Nilai acid test ratio dan current ratio menunjukkan kemampuan             The values of the acid test ratio and current ratio indicate the
   Perseroan membayar kewajiban jangka pendeknya dengan                      Company’s ability to meet its short-term obligations using its
   menggunakan kas dan aset lancar yang dimiliki. Pada tahun                 cash and liquid assets. In 2024, the acid test ratio performance
   2024, kinerja acid test ratio tercatat 0.61 kali dan current ratio        was recorded at 0.61 times, while the Company’s current
   Perseroan rasio tercatat 0.87 kali. Hal ini menunjukkan bahwa             ratio was recorded at 0.87 times. This indicates that that the
   adanya penurunan kemampuan dalam membayar kewajiban                       Company’s ability to pay current liabilities has decreased.
   jangka pendek.

   RASIO SOLVABILITAS                                                        SOLVENCY RATIO
   Rasio solvabilitas digunakan untuk menilai kemampuan                      Solvency is used to assess the Company’s ability to settle all of
   Perseroan melunasi seluruh utang yang dimilikinya secara                  its debt in the long term, by using the Company’s entire assets
   jangka panjang, dengan menggunakan seluruh aset atau modal                or capital. Solvency is calculated using Debt to Equity Ratio
   Perseroan. Pengukuran solvabilitas menggunakan Debt to                    (DER) and Debt to Assets Ratio (DAR).
   Equity Ratio (DER) dan Debt to Assets Ratio (DAR).

                                                                                                                Kenaikan (Penurunan)
                       Uraian                               2024                       2023                      Increase (Decrease)
                     Description                         (kali | times)             (kali | times)          Nilai Nominal         Persentase
                                                                                                            Nominal Value         Percentage
    Debt to Equity Ratio (DER)                                       (2.65)                     (2.45)                 0.20                 8.18
    Debt to Assets Ratio (DAR)                                            1.61                       1.69            (0.08)               (4.73)


   Pada tahun 2024, nilai DER Perseroan tercatat sebesar (2.65)              In 2024, the Company’s DER Ratio was recorded at (2.65) times,
   kali, dibandingkan (2.45) kali pada tahun 2023. Nilai DAR                 compared to (2.45) times in 2023. The Company’s DAR in 2024
   Perseroan pada tahun 2024 tercatat 1.61 kali, menurun 4.73%               was recorded at 1.61 times, decreasing by 4.73% compared
   dibandingkan 1.69 kali pada tahun 2023. Hal ini sejalan dengan            to 1.69 times in 2023. This is in line with the decrease in total
   penurunan jumlah liabilitas dan jumlah aset.                              liabilities and total assets.

   KOLEKTIBILITAS PIUTANG                                                    COLLECTION RATIO
   Guna memastikan kelancaran operasional dan menghindari                    To ensure smooth operations and avoid bad debts, it is important
   piutang macet, penting bagi Perseroan untuk menilai                       for the Company to assess its ability to collect receivables,
   kemampuannya dalam mengumpulkan piutang, yang dapat                       which can be measured through the calculation of the Average
   diukur melalui perhitungan Average Collection Period (ACP).               Collection Period (ACP). Based on the Company’s receivables
   Berdasarkan tingkat piutang dan pendapatan Perseroan pada                 and revenue levels in 2024, the ACP value at 46 days. This
   tahun 2024, nilai ACP Perseroan 46 hari. Hal ini menunjukkan              indicates that the Company continues to strengthen its
   bahwa Perseroan senantiasa memperkuat komitmennya                         commitment to maintain effectiveness in collecting receivables
   untuk mempertahankan efektivitas dalam menagih piutang                    by using persuasive approach to clients and preparing work
   dengan menggunakan pendekatan persuasif kepada klien dan                  contracts that can protect the Company.
   mempersiapkan kontrak kerja yang dapat melindungi Perseroan.

   STRUKTUR MODAL                                                            CAPITAL STRUCTURE

   Struktur modal yang sehat merupakan faktor krusial dalam menjaga          A sound capital structure is a crucial factor in maintaining the
   stabilitas dan pertumbuhan jangka panjang Perseroan. Dengan               company’s stability and long-term growth. Through proper
   pengelolaan modal yang tepat, Perseroan dapat mengoptimalkan              capital management, the company can optimize returns for
   hasil bagi pemegang saham sekaligus memastikan keberlanjutan              shareholders while ensuring business sustainability. Capital
   bisnis. Perencanaan modal dilakukan dengan memperhitungkan                planning is carried out by considering future investment needs,
   kebutuhan investasi di masa depan, keseimbangan antara sumber             balancing sources and uses of funds, and business expansion
   dan penggunaan dana, serta strategi ekspansi usaha. Selain itu,           strategies. Additionally, current profitability and future
   profitabilitas saat ini dan proyeksi di masa mendatang menjadi            projections are key considerations in determining financial
   pertimbangan utama dalam menentukan strategi keuangan,                    strategies, including managing operational cash flow, capital
   termasuk pengelolaan arus kas operasional, belanja modal, serta           expenditures, and leveraging investment opportunities that
   pemanfaatan peluang investasi yang dapat memberikan nilai                 can add value for stakeholders.
   tambah bagi pemangku kepentingan.




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                                                                                                                 Kenaikan (Penurunan)
                                                                                                                  Increase (Decrease)
                           Uraian                               2024                     2023
                         Description                            (USD)                    (USD)              Nilai Nominal            Persentase
                                                                                                            Nominal Value            Percentage
                                                                                                                (USD)                    (%)
     Pinjaman
                                                                 391,222,725              400,670,117             (9,447,392)                 (2.36)
     Loan
     Kas dan setara kas
                                                                  12,623,481                21,051,033            (8,427,552)                (40.03)
     Cash and cash equivalents
     Pinjaman - bersih
                                                                 378,599,244              379,619,084             (1,019,840)                 (0.27)
     Loans - net
     Ekuitas yang dapat diatribusikan kepada pemilik
     induk                                                      (258,067,606)            (311,321,415)            53,253,809                  17.11
     Equity attributable to owners of the parent entity
     Rasio pinjaman bersih terhadap ekuitas
                                                                     (146.71)                  (121.94)             (24.77%)                 20.31%
     Net loan to equity ratio


    KEBIJAKAN MANAJEMEN ATAS STRUKTUR MODAL                                    MANAGEMENT POLICY ON CAPITAL STRUCTURE
    Tujuan utama Manajemen dalam mengelola struktur permodalan                 The Management’s primary objective in managing the capital
    adalah untuk memastikan bahwa Perseroan memiliki dasar                     structure is to ensure that the Company has a strong financial
    keuangan yang kuat guna mendukung pertumbuhan bisnis yang                  foundation to support sustainable business growth and provide
    berkelanjutan serta memberikan nilai tambah bagi pemegang                  added value to shareholders. Capital management is carried out
    saham. Pengelolaan modal dilakukan secara strategis dengan                 strategically by considering economic conditions and industry
    mempertimbangkan kondisi ekonomi dan dinamika industri,                    dynamics, enabling the Company to adapt to changes.
    sehingga Perseroan dapat beradaptasi dengan perubahan yang
    terjadi.

    Direksi secara berkala mengevaluasi dan menyesuaikan                       The Board of Directors regularly evaluates and adjusts capital
    kebijakan permodalan dengan mempertimbangkan biaya modal                   policies by taking into account capital costs and the associated
    serta risiko yang mengiringinya, guna mencapai keseimbangan                risks, in order to achieve an optimal balance between financial
    optimal antara stabilitas keuangan dan peluang ekspansi bisnis.            stability and business expansion opportunities.

    Melihat struktur modal tahun 2024, Direksi beranggapan bahwa               Looking at the capital structure in 2024, the Board of Directors
    struktur modal Perseroan mengalami peningkatan sebesar                     considers that the Company’s capital structure is increasing on
    USD53.26 juta bila dibandingkan tahun 2023 karena transaksi                equity by USD53.26 million when compared to 2023 due to the
    inbreng atas kepemilikan Hangar dan bangunan Annex Garuda                  because inbreng transaction on the ownership of the Hangar
    dan kinerja positif Perseroan pada tahun berjalan.                         and Garuda’s Annex buildings and the Company’s positive
                                                                               performance during the year.

    INVESTASI BARANG MODAL                                                     CAPITAL GOODS INVESTMENT

    Perseroan melakukan investasi barang modal yang digunakan                  The Company made capital investments in the form of which
    untuk berbagai keperluan untuk mendukung operasional bisnis                used for various purposes to support business operations
    sepanjang tahun 2024. Investasi tersebut tergolong investasi               throughout 2024. These investments are categorized as
    rutin yang selalu dilakukan setiap tahunnya sebagai bagian dari            routine investments that are carried out annually as part
    aktivitas bisnis Perseroan di bidang RMO untuk meningkatkan                of the Company’s business activities in the RMO sector to
    kapabilitas fasilitas dan mesin. Rincian investasi barang modal            enhance facility and machinery capabilities. The details of capital
    tahun 2024 adalah sebagai berikut:                                         investments in 2024 are as follows:


                                                                                                                         Nilai
            Investasi Barang Modal                                 Tujuan
                                                                                                                        Value
              Capital Investment                                   Purpose
                                                                                                                        (USD)

     Pembangunan Door Hangar 1                 Pemenuhan regulasi EASA
                                                                                                                                           1.841.437
     Hangar 1 Door Construcrtion               Fufillment of EASA regulation

     Renovasi Hangar Painting                  Pemenuhan regulasi EASA
                                                                                                                                            392.308
     Hangar Panting Renovation                 Fufillment of EASA regulation




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                                                                                                                 Nilai
          Investasi Barang Modal                               Tujuan
                                                                                                                Value
            Capital Investment                                 Purpose
                                                                                                                (USD)

    Pengadaan Tools Set Landing Gear
    Change A320                          Peningkatan kapabilitas
                                                                                                                                223.138
    Tools Set Landing Gear Change A320   Capability improvement
    Procurement

    Pengadaan Repair Clean Room, Spray
    room & Sanding Room                Pemenuhan regulasi EASA
                                                                                                                                281.152
    Repair Clean Room, Spray room & Fufillment of EASA regulation
    Sanding Room Procurement

                                         Penggantian tools, penggantian/perbaikan fasilitas,
    Lainnya                              dan lainnya
                                                                                                                                949.467
    Others                               Replacement of tools, replacement/repairment of
                                         facilities and others

    Jumlah
                                                                                                                              3.687.502
    Total


   IKATAN MATERIAL UNTUK                                                 MATERIAL COMMITMENT FOR
   INVESTASI BARANG MODAL                                                CAPITAL GOODS INVESTMENT
   Investasi barang modal pada tahun 2024 yang dilakukan                 The capital investments in 2024, denominated in USD, cannot
   Perseroan dalam USD tidak dapat dikategorikan sebagai                 be classified as investments with material commitments. The
   investasi yang memiliki ikatan material. Investasi pada tahun         total investment in 2024 was recorded at USD3.68 million
   2024 total tercatat sebesar USD3.68 juta sedangkan pada               whereas in 2023, it was recorded at USD2.65 million. There
   tahun 2023 tercatat sebesar USD2.65 juta. Terjadi peningkatan         was an increase of 39% in investment, which occurred due
   investasi sebesar 39% yang terjadi karena pemenuhan                   to fulfillment EASA regulation. Despite the difference, this
   kebutuhan EASA Walaupun terjadi perbedaan, investasi ini              investment is a routine expenditure made by the Company for
   merupakan investasi rutin yang dikeluarkan Perseroan untuk            operational purposes and, therefore, does not require approval
   keperluan operasional sehingga tidak memerlukan keputusan             from shareholders.
   dari pemegang saham.

   Sumber dana untuk investasi sebagian besar berasal dari               The majority of the investment funds came from the Company’s
   internal Perseroan. Sumber dana yang berasal dari kesepakatan         internal sources. Funding obtained through agreements with
   dengan pihak eksternal tergolong tidak material dalam hal             external parties is considered immaterial in terms of either the
   jumlah nilai nominal ataupun tujuannya.                               nominal value or its intended purpose.

   PENCAPAIAN TARGET DAN                                                 ACHIEVEMENT OF 2024
   KPI TAHUN 2024 [OJK F.2]                                              TARGET AND KPI [OJK F.2]

                                                    Pencapaian Target Tahun 2024
                                                         2024 Target Achievement

                Uraian
       (dalam USD juta, kecuali
                                            Realisasi 2024                       Target 2024                Realisasi Terhadap Target
            dinyatakan lain)
                                           Realization 2024                      Target 2024                  Realization to Target
              Description
                                                                                                                        (%)
        (in USD million, unless
           otherwise stated )

    Operasi dan Bisnis
    Operation and Business

    Revenue                                            421,223,186                        389,146,240                             108%

    Net Profit                                          26,900,045                             17,373,324                         155%

    Free Cash Flow*                                           109.7%                                100%                        109.7%

    Customer Satisfaction Index                                  4.0                                  4.0                         100%

    Customer SLA Fulfilment                                    99.4%                                100%                          99.4%




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                                                     Pencapaian Target Tahun 2024
                                                          2024 Target Achievement

                  Uraian
         (dalam USD juta, kecuali
                                              Realisasi 2024                    Target 2024             Realisasi Terhadap Target
              dinyatakan lain)
                                             Realization 2024                   Target 2024               Realization to Target
                Description
                                                                                                                    (%)
          (in USD million, unless
             otherwise stated )

     Governance Risk & Compliance                               100%                          100%                                100%

     Human Capital Readiness                                    100%                           95%                               105.3%

     Pemasaran
     Marketing

     Revenue Group Affiliation                          317,741,156                     255,660,902                               125%

     Revenue Non-Group Affiliation                      103,482,030                     133,485,338                               77.5%

     Customer Satisfaction Index                                 4.0                             4.0                              100%

     Customer Portfolio Index                                   70%                            80%                               87,50%

     Laba (Rugi) dan Penghasilan Komprehensif Lain
     Profit (Loss) and Other Comprehensive Income

     Pendapatan Usaha
                                                        421,223,186                     389,146,240                               108%
     Revenue

     Beban Usaha
                                                        379,219,103                     347,255,729                               109%
     Operating Expenses

     Laba Usaha
                                                         42,004,083                      41,890,511                               100%
     Operating Profit

     Pendapatan (Beban) Lain-lain
                                                        (17,259,969)                    (17,990,146)                               96%
     Other Revenue (Expenses)

     Laba/(Rugi) Konsolidasian
     Sebelum Pajak Penghasilan
                                                         24,744,115                      23.900.365                               104%
     Consolidated Profit/ (Loss)
     Before Income Tax

     (Beban)/Manfaat Pajak
                                                          2,155,930                      (6.527.041)                              133%
     Tax Expenses

     Laba/(Rugi) Tahun Berjalan
                                                         26,900,045                      17,373,324                               155%
     Profit/ (Loss) for the Year

     Posisi Keuangan
     Financial Position

     Aset
     Assets

     Aset Lancar
                                                        206,103,485                     291,944,094                                71%
     Current Assets

     Aset Tidak Lancar
                                                        218,526,718                     150,265,493                               145%
     Non Current Assets

     Jumlah Aset
                                                        424,630,203                     442,209,587                                96%
     Total Assets

     Liabilitas dan Ekuitas
     Liability & Equity

     Liabilitas Jangka Pendek
                                                        237,508,591                     290,795,279                                82%
     Current Liability

     Liabilitas Jangka Panjang
                                                        445,022,915                     449,957,518                                99%
     Non-Current Liability




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                                                               Pencapaian Target Tahun 2024
                                                                     2024 Target Achievement

                 Uraian
        (dalam USD juta, kecuali
                                                     Realisasi 2024                            Target 2024                     Realisasi Terhadap Target
             dinyatakan lain)
                                                    Realization 2024                           Target 2024                       Realization to Target
               Description
                                                                                                                                           (%)
         (in USD million, unless
            otherwise stated )

    Jumlah Liabilitas
                                                                  682,531,506                              740,752,797                                        92%
    Total Liability

    Jumlah Ekuitas
                                                                 (257,901,303)                           (298,543,211)                                        86%
    Total Equity

    Jumlah Liabilitas dan Ekuitas
                                                                  424,630,203                              442,209,586                                        96%
    Total Liability & Equity
    *Adapun untuk KPI Free Cash Flow mengukur pergerakan cash flow Perusahaan (setelah aktivitas operating, investing, dan financing) di tahun 2024 dengan
    menggunakan laporan unaudited Perusahaan.
    *As for the Free Cash Flow KPI, it measures the Company’s cash flow movement (after operating, investing, and financing activities) in 2024 using the
    Company’s unaudited report.



                                              Pencapaian Key Performance Indicators (KPI) Tahun 2024
                                                       2024 Key Performance Indicators (KPI) Achievement

                      Aspek KPI                                            Target 2024                                         Realisasi 2024
                      KPI Aspects                                          Target 2024                                        Realization 2024

    Nilai Ekonomi dan Sosial untuk Indonesia
    Economic and Social Values for Indonesia

    Revenue (MUSD)                                                                           389,146,240                                           421,223,186

    Net Profit (MUSD)                                                                         17,373,324                                            26,900,045

    Free Cash Flow*                                                                                  100%                                                109.7%

    Customer SLA Fulfillment                                                                         100%                                                    99.4%

    Inovasi Model Bisnis
    Business Model Innovation

    Customer Satisfaction Index                                                                        4,00                                                   4,00

    Equity Improvement Program                                                                         1,00                                                   1,00

    Kepemimpinan Teknologi
    Technological Leadership

    Information Capital Readiness                                                                      95%                                                   99.6%

    Continuous Improvement                                                                               57                                                    69

    Peningkatan Investasi
    Higher Investment

    Asset Management                                                                                 100%                                                    100%

    Governance, Risk and Compliance (GRC), GCG,
                                                                                                     100%                                                    100%
    Risk Maturity, FCAR, QSC

    Pengembangan Talenta
    Talent Development

    Human Capital Readiness                                                                            95%                                                   100%

    Organization Capital Readiness                                                                     90%                                                   97.1%
    *Adapun untuk KPI Free Cash Flow mengukur pergerakan cash flow Perusahaan (setelah aktivitas operating, investing, dan financing) di tahun 2024 dengan
    menggunakan laporan unaudited Perusahaan.
    *As for the Free Cash Flow KPI, it measures the Company’s cash flow movement (after operating, investing, and financing activities) in 2024 using the
    Company’s unaudited report.




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    Secara umum, kinerja operasi dan bisnis mayoritas sudah sesuai      In general, the majority of operational and business performance
    dengan target. Perseroan berhasil membukukan pendapatan             aligned with the targets. The Company successfully recorded
    senilai USD421.2 juta, didukung pula oleh diversifikasi bisnis      a revenue of USD421.2 million, supported by the continuous
    Perseroan yang terus meningkat.                                     growth of its business diversification.

    Kinerja operasi dan bisnis yang positif mendukung pencapaian        Positive operational and business performance boosted the
    kinerja pemasaran karena secara rata-rata segmen GA dan NGA         achievements in marketing performance, as both the GA and
    mengalami peningkatan kinerja.                                      NGA segments experienced an increase in performance on
                                                                        average.

    Pada akhirnya, kinerja keuangan yang terdiri dari kinerja laba      Ultimately, financial performance, consisting of profit and
    dan posisi keuangan juga mengalami pertumbuhan yang positif.        financial position, also showed positive growth. The Company
    Perseroan berhasil membukukan keuntungan bersih di atas             managed to record a net profit above the target, amounting to
    target yaitu senilai USD26.9 juta. Secara garis besar juga dapat    USD26.9 million. Overall, it is evident that financial performance
    dilihat bahwa kinerja pencapaian keuangan dibandingkan target       achievement surpassed the target by more than 100%.
    mencapai lebih dari 100%.

    Pencapaian KPI juga menunjukkan hasil positif, Hampir semua         KPI achievement also demonstrated positive results, with
    target tercapai 100% dengan tingkat pencapaian paling               nearly all targets achieved at 100%, and the lowest achievement
    rendah berada di nilai 99.4%. Pencapaian KPI menjadi bukti          level recorded at 99.4%. The KPI performance serves as proof
    komitmen GMF sebagai anak usaha BUMN Penerbangan, untuk             of GMF’s commitment as a subsidiary of SOE Aviation to
    berkontribusi bagi pembangunan negeri.                              contribute to the nation’s development.

    PROSPEK USAHA DAN                                                   BUSINESS PROSPECT AND
    TARGET TAHUN 2025                                                   TARGET FOR 2025

    Bank Dunia dalam World Bank East Asia and The Pacific               The World Bank, in its World Bank East Asia and The Pacific
    Economic Update yang dirilis 8 Oktober 2024 memperkirakan           Economic Update released on October 8, 2024, projected
    ekonomi Indonesia tumbuh sebesar 5,1% pada 2025. Proyeksi           Indonesia’s economy to grow by 5.1% in 2025. This projection is
    ini tidak jauh berbeda dengan target pertumbuhan ekonomi            not far from the economic growth target set in the 2025 State
    dalam APBN 2025 sebesar 5,2%.                                       Budget (APBN) of 5.2%.

    Proyeksi pertumbuhan ekonomi Indonesia memang cukup                 Indonesia’s economic growth outlook remains promising,
    menjanjikan karena terdapat optimisme untuk dapat tumbuh            with optimism that it can consistently grow above 5%. This
    secara konsisten di atas 5%. Optimisme ini akan berdampak           optimism is expected to have a positive impact on industry
    positif bagi pertumbuhan industri dan aktivitas usaha, termasuk     growth and business activities, including the aviation industry,
    indsutri penerbangan yang erat kaitannya dengan aktivitas           which is closely linked to the MRO operations carried out by
    MRO yang dilakukan Perseroan.                                       the Company.

    Walaupun terdapat optimisme pertumbuhan ekonomi,                    Despite the optimism in economic growth, the aviation industry
    industri penerbangan masih menghadapi berbagai tantangan.           continues to face various challenges. The decline in passenger
    Penurunan jumlah penumpang per data September 2024 yang             numbers, as of September 2024 data presented in the Industrial
    telah disampaikan pada Tinjauan Perekonomian dan Industri,          and Economic Review, is expected to persist unless government
    diperkirakan akan masih berlanjut jika tidak terdapat intervensi    interventions are introduced to support the aviation sector.
    dari pemerintah untuk mendukung industri penerbangan.

    Indonesia National Air Carrier Association (INACA)                  The Indonesia National Air Carrier Association (INACA)
    memperkirakan industri penerbangan Indonesia tahun 2025             forecasts that Indonesia’s aviation industry in 2025 will face
    akan menghadapi sejumlah tantangan, beberapa di antaranya           several challenges, including: high operating costs due to the
    adalah masih tingginya biaya penerbangan karena naiknya kurs        rising USD exchange rate, high prices of aviation fuel (avtur) and
    dolar Amerika, tingginya harga avtur dan suku cadang pesawat,       aircraft spare parts, unrevised upper and lower ticket fare limits.
    serta masih belum direvisinya aturan batas tarif atas dan bawah     In addition, there is a relatively high import duties on aircraft
    tiket pesawat. Selain itu, bea masuk untuk impor suku cadang        spare parts, not to mention the backlog of aircraft and spare
    pesawat masih relatif tinggi, ditambah lagi dengan adanya backlog   parts, along with the declining of consumer purchasing power.
    pesawat dan suku cadang, serta turunnya daya beli masyarakat.




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   Pesawat terbang menjadi pilihan tepat bagi mereka yang ingin             Air travel remains the most viable option for those wanting to
   menjelajahi Indonesia yang terdiri dari ribuan pulau. Akan tetapi,       explore Indonesia’s vast archipelago. However, high operating
   tingginya biaya operasional penerbangan juga berdampak pada              costs have led to expensive airline ticket prices, which prevent
   tingginya tarif tiket pesawat sehingga berdampak pada belum              air travel from becoming the primary transportation choice for
   dipilihnya jasa penerbangan sebagai opsi utama transportasi              intercity and inter-island travel. This situation contrasts with
   antar kota maupun antara pulau di Indonesia oleh masyarakat.             the growth of the tourism industry, which has seen an increase
   Kondisi industri penerbangan sedikit bertolak belakang dengan            in domestic and international tourist travel.
   pertumbuhan industri pariwisata yang mengalami peningkatan
   dari perjalanan turis dalam negeri dan kedatangan turis luar negeri.

   Industri MRO secara global masih memiliki potensi besar yang             The global MRO industry still holds significant potential,
   besar dan GMF memiliki posisi strategis sebagai pelaku usaha             and GMF is strategically positioned as Indonesia’s leading
   MRO nasional terdepan dalam negeri dengan reputasi global.               national MRO company with a global reputation. To capitalize
   Sebagai upaya untuk memanfaatkan peluang usaha pada tahun                on business opportunities in 2025, the Company will focus on
   2025, Perseroan akan berfokus pada usaha untuk memperkuat                strengthening and maximizing the developments achieved in
   dan memaksimalkan atas pengembangan Perseroan yang                       2024 under the theme “Strengthen Core and Drive Diversified
   telah dilakukan pada tahun 2024 dengan mengusung tema                    Growth”. The following key strategies will be implemented to
   “Strengthen Core and Drive Diversified Growth”. Adapun                   support this focus:
   strategi-strategi utama yang akan dilakukan guna mendukung
   ketercapaian fokus tersebut adalah sebagai berikut:
   • Operational Transformation (QCD & People)                              •   Operational Transformation (QCD & People)
   • Cash Flow Optimization, Equity Improvement                             •   Cash Flow Optimization, Equity Improvement
   • Technology Advancement                                                 •   Technology Advancement
   • Profitable Business Growth                                             •   Profitable Business Growth

   Strategi-strategi utama yang ditetapkan akan dijalankan untuk            These key strategies will be implemented to achieve the targets
   mendukung pencapaian proyeksi kinerja yang tertuang dalam                outlined in the 2025 RKAP, which has been formulated on
   penetapan RKAP pada tahun 2025 yang disusun berdasarkan                  January 18, 2025. The following is an overview of the Company’s
   Dokumen RKAP 2025 yang disahkan pada tanggal 18 Januari                  2025 projections:
   2025. Berikut merupakan gambaran secara garis besar mengenai
   proyeksi 2025 yang telah dipersiapkan oleh Perseroan:

                                                                 Proyeksi 2025
                                                                Projection for 2025
                                             Uraian                                                       Target Nominal (USD)
                                           Description                                                    Nominal Target (USD)
    Pendapatan
                                                                                                                              416,928,621
    Revenues
    Laba Usaha
                                                                                                                               53,494,969
    Operating Income
    Laba Bersih
                                                                                                                               27,126,239
    Net Profit




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                                                                                            Analisis dan Pembahasan Manajeme
                                                                                            Management Discussion and Analysis




                            Informasi dan Fakta Material Setelah
                                             Pelaporan Akuntan
                             Information and Material Facts Subsequent to the
                                                         Accountant’s Report
    Setelah Rapat Umum Pemegang Saham Luar Biasa yang              Following the Extraordinary General Meeting of Shareholders
    diadakan pada tanggal 28 Oktober 2024, para pemegang saham     held on October 28, 2024, the shareholders approved the
    menyetujui penerbitan saham baru oleh Perseroan dengan nilai   issuance of new shares by the Company with a nominal value
    nominal Rp25.00 (jumlah penuh) per saham melalui mekanisme     of Rp25.00 (full amount) per share through a PMHMETD
    PMHMETD. PMHMETD telah menerima pernyataan efektif             mechanism. The PMHMETD received an effective statement
    dari OJK pada tanggal 12 Desember 2024.                        from the OJK on December 12, 2024.

    Sesuai dengan Akta Notaris No. 11 oleh Notaris Shanti Indah    In accordance with Notarial Deed No. 11 by Notary Shanti
    Lestari, S.H., M.Kn., tertanggal 30 Desember 2024, Garuda      Indah Lestari, S.H., M.Kn., dated December 30, 2024, Garuda
    mengakuisisi 9.093.245.600 saham dengan melaksanakan           acquired 9,093,245,600 shares by conducting a non-cash asset
    transaksi penyetoran aset non-tunai, memindahkan kepemilikan   injection transaction, transferring ownership of the Hangar and
    Hanggar dan bangunan Annex kepada Perusahaan.                  Annex building to the Company.

    Pada laporan keuangan per 31 Desember 2024, transaksi ini      In the financial statements as of December 31, 2024, this
    dicatatkan pada “Uang muka atas modal saham” sebagai bagian    transaction is recorded under “Advance for share capital” as
    ekuitas laporan keuangan.                                      part of the equity section in the financial statements.

    Perubahan Anggaran Dasar mengenai peningkatan modal            The amendment to the Articles of Association regarding
    yang ditempatkan dan disetor penuh, setelah pelaksanaan        the increase in issued and fully paid capital, following the
    PMHMETD sejumlah 9.332.467.476 lembar saham, telah dimuat      implementation of the PMHMETD amounting to 9,332,467,476
    dalam Akta Notaris No. 2 oleh Notaris Shanti Indah Lestari,    shares, was stated in Notarial Deed No. 2 by Notary Shanti Indah
    S.H., M.Kn., pada tanggal 15 Januari 2025. Pemberitahuan       Lestari, S.H., M.Kn., dated January 15, 2025. The notification
    perubahan ini telah resmi diterima dan dicatat oleh Menteri    of this amendment has been officially accepted and recorded
    Hukum dan Hak Asasi Manusia Republik Indonesia, sesuai         by the Minister of Law and Human Rights of the Republic of
    dengan Keputusan No. AHU-AH.01.03-0008303, tertanggal          Indonesia, pursuant to Decree No. AHU-AH.01.03-0008303,
    16 Januari 2025.                                               dated January 16, 2025.




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   Informasi Dampak Nilai Tukar Mata Uang
   Asing
   Information on the Impact of Foreign Currency Exchange Rate

   Perseroan menerapkan kebijakan lindung nilai untuk mengelola      The Company implements a hedging policy to manage the risk of
   risiko fluktuasi nilai tukar mata uang non-fungsional terhadap    exchange rate fluctuations between non-functional currencies
   mata uang fungsional. Risiko ini terutama timbul dari transaksi   and the functional currency. This risk primarily arises from
   komersial di masa depan serta aset dan liabilitas yang diakui     future commercial transactions as well as recognized assets and
   dalam valuta asing, khususnya terhadap Rupiah.                    liabilities in foreign currencies, particularly against the Rupiah.

   Sebagai langkah mitigasi, Perseroan menjalankan strategi          As a mitigation measure, the Company performs a hedging
   lindung nilai dengan menggunakan instrumen keuangan               strategy using financial instruments in the form of options. This
   berupa option. Kebijakan ini menetapkan bahwa Perseroan           policy stipulates that the Company will hedge at least 25% of the
   akan melakukan lindung nilai minimal 25% dari selisih antara      difference between liabilities and assets in foreign currencies.
   kewajiban dan aset dalam valuta asing. Dengan penerapan           By implementing this strategy, the Company can minimize the
   strategi ini, Perseroan dapat meminimalkan dampak volatilitas     impact of exchange rate volatility on financial and operational
   nilai tukar terhadap stabilitas keuangan dan operasional,         stability, thereby supporting long-term business sustainability.
   sehingga mendukung keberlanjutan bisnis dalam jangka panjang.




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                               Kebijakan Dividen dan Pembagiannya
                                                                        Dividend Policy and Disbursement


    KEBIJAKAN DIVIDEN                                                              DIVIDEND POLICY

    Perseroan menentukan rasio pembayaran maksimum sebesar                         The Company determines the payment ratio to be at the
    30% dari laba tahun berjalan dengan memperhitungkan laba                       maximum of 30% from the profit of the year with consideration
    bersih, ketersediaan dana cadangan, persyaratan belanja modal,                 on net profit, general reserves, capital expenditure requirements,
    hasil usaha, dan kas. Tentunya besaran dividen yang ditentukan                 operating results, and cash. The amount of distributed dividend
    harus tetap memperhatikan tingkat kesehatan Perseroan dan                      should consider the Company’s soundness level and does not
    tidak mengurangi hak dari Rapat Umum Pemegang Saham                            diminish the authorities of the General Meeting of Shareholders
    (RUPS) untuk menentukan lain sesuai dengan Anggaran Dasar.                     (GMS) to determine otherwise according to the Articles of
                                                                                   Association.

    PEMBAGIAN DIVIDEN                                                              DIVIDEND DISBURSEMENT

    Berdasarkan RUPS Tahunan yang diselenggarakan pada 28                          Based on the Annual GMS organized on June 28, 2024, the
    Juni 2024, RUPS menyetujui untuk menetapkan Laba Bersih                        GMS has agreed to use the Company’s Net Profit based on
    Perseroan yang diperoleh berdasarkan Laporan Keuangan                          the Financial Statements for 2023 Financial Year as Retained
    Tahunan Tahun Buku 2023 sebagai Laba Ditahan atau Retained                     Earning to reduce the accumulated loss of the company.
    Earning untuk mengurangi akumulasi kerugian Perseroan.

    Kronologis pembagian dan pembayaran dividen tahun dari                         The chronology of dividend payment and distribution from
    tahun 2022 ke 2024 adalah sebagai berikut:                                     2023 until 2024 is as follows:


                                                                                                                                               Rasio
                                                                                             Dividen Kas               Dividen              Pembagian
           Tahun                                   Tanggal
                            Tahun Dividen                                 Tanggal           yang Dibagikan          (USD/lembar               Dividen
        Pembagian                               Pengumuman
                            Dividend Year                              Pembayaran           Cash Dividend               saham)               Dividend
        Distribution                            Announcement
                                                                       Payment Date           Distributed              Dividend             Distribution
            Year                                    Date
                                                                                                (USD)                (USD/share)               Ratio
                                                                                                                                                (%)

     2024*                         -                    -                      -                    -                      -                       -

     2023*                         -                    -                      -                    -                      -                       -

     2022*                         -                    -                      -                    -                      -                       -
     Keterangan | Notes:
     *Berdasarkan RUPS Tahunan yang diselenggarakan, tidak terdapat keputusan mengenai pembagian dividen untuk tahun buku terkait. | Based on the Annual GMS
     organized, there was no decision concerning dividend distribution for the fiscal year.




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   Kontribusi Kepada Negara
   Contribution to the State


   Sebagai bagian dari komitmen terhadap pembangunan nasional,        As part of its commitment to national development, GMF
   GMF berkontribusi kepada negara melalui pembayaran pajak           contributes to the country through tax and customs payments.
   dan bea cukai. Kontribusi ini mencakup pajak penghasilan badan,    This contribution includes corporate income tax, withholding
   pajak pemotongan (withholding tax), pajak pertambahan nilai        tax, value-added tax (VAT), and various other taxes related to
   (PPN), serta berbagai pajak lain yang berkaitan dengan aktivitas   the Company’s operational activities. In 2024, GMF’s total tax
   operasional Perseroan. Pada tahun 2024, total kontribusi pajak     and customs contribution was recorded at Rp234,514,251,102.
   dan bea cukai GMF tercatat sebesar Rp234,514,251,102.

   Sebagai anak usaha Garuda Indonesia dan bagian dari BUMN,          As a subsidiary of Garuda Indonesia and part of a State-Owned
   GMF senantiasa memenuhi kewajiban perpajakannya dengan             Enterprise (SOEs), GMF consistently fulfills its tax obligations
   mengacu pada peraturan perundang-undangan yang berlaku.            in accordance with applicable laws and regulations. By ensuring
   Dengan memastikan pembayaran pajak yang tepat waktu                timely and compliant tax payments, GMF not only upholds good
   dan sesuai regulasi, GMF tidak hanya menjalankan tata kelola       corporate governance but also plays a role in supporting the
   perusahaan yang baik, tetapi juga berperan dalam mendukung         government’s efforts to drive economic growth, infrastructure
   upaya pemerintah dalam mendorong pertumbuhan ekonomi,              development, and the improvement of public welfare.
   pembangunan infrastruktur, serta peningkatan kesejahteraan
   masyarakat.




   Program Kepemilikan Saham Oleh Karyawan
   Dan/Atau Manajemen (ESOP/MSOP)
   Share Ownership Program for Employees and/or Management
   (ESOP/MSOP)

   Selama tahun 2024, GMF tidak memiliki program pemberian            Throughout 2024, GMF did not have a stock option program for
   opsi saham kepada Direksi, Dewan Komisaris, maupun                 the Board of Directors, Board of Commissioners, or employees.
   karyawan.




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        Realisasi Penggunaan Dana Hasil Penawaran
                                            Umum
                                        Realization of Proceeds from Public Offering

    Pada tahun 2024, GMF tidak melakukan penawaran umum            In 2024, GMF did not conduct a public offering in the form of
    dalam bentuk penerbitan saham baru.                            new share issuance.




        Realisasi Penggunaan Dana Hasil Penawaran
                                   Umum Obligasi
                                         Realization of Proceeds from Bond Offering

    Hingga tanggal 31 Desember 2024, GMF tidak menerbitkan         As of December 31, 2024, GMF has never issued bonds/sharia
    obligasi/sukuk/obligasi konversi di bursa efek mana pun.       bonds/convertible bonds on any stock exchange.




                   Informasi Material Mengenai Investasi,
                 Ekspansi, Divestasi, Penggabungan Usaha,
                 Akuisisi, Dan/Atau Restrukturisasi Utang/
                                                    Modal
             Material Information Regarding Investment, Expansion,
        Divestment, Business Combination, Acquisition, and/or Debt/
                                              Capital Restructuring

    Pada tahun 2024, Perseroan telah melakukan restrukturisasi     In 2024, the Company has conducted capital restructuring. This
    modal. Hal tersebut telah diungkapkan dalam Laporan Keuangan   has been disclosed in the Consolidated Financial Statements for
    Konsolidasian Tahun Buku 2024 Perseroan pada Catatan Atas      the 2024 Financial Year of the Company in Notes to Financial
    Laporan Keuangan (“CALK”) No. 39 terkait peristiwa setelah     Statements (“CALK”) No. 39 related to events after reporting
    periode pelaporan.                                             period.




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   Informasi Transaksi Material yang
   Mengandung Benturan Kepentingan dan/
   atau Transaksi Dengan Pihak Afiliasi/Pihak
   Berelasi
   Information on Material Transactions Containing Conflicts of
   Interest and/or Transactions with Affiliated/Related Parties

   Perseroan memiliki transaksi dengan pihak-pihak berelasi        The Company is transacting with related parties of individuals
   yang merupakan individu atau entitas berelasi dengan GMF.       or entities related to GMF. This transaction made the Company
   Transaksi ini membuat Perseroan mengaplikasikan pernyataan      applied PSAK No. 7 regarding “Disclosure of Related Parties”
   standar Akuntansi Keuangan (PSAK) 7 “Pengungkapan               within the Financial Statements in 2024 which has been
   Pihak-Pihak Berelasi” dalam Laporan Keuangan tahun              audited by the Public Accounting Firm Rintis, Jumadi, Rianto &
   2024 yang telah diaudit oleh Kantor Akuntan Publik Rintis,      Associates. All transactions with related parties were performed
   Jumadi, Rianto & Rekan. Semua transaksi dengan pihak yang       based on the requirements, price level, and normal condition
   berelasi, dilakukan dengan persyaratan, tingkat harga, dan      the same with third parties and have been disclosed in the
   kondisi normal sebagaimana yang dilakukan dengan pihak          financial statements. There were no differences of price policy
   ketiga dan telah diungkapkan dalam laporan keuangan. Tidak      or transaction terms between related and third parties. The
   ada perbedaan kebijakan harga dan syarat transaksi antara       review and compliance with rules and provision were based
   pihak-pihak berelasi dan pihak ketiga. Mekanisme review dan     on the Financial Accounting Standard (SAK) in Indonesia on
   juga pemenuhan peraturan dan ketentuan terkait semuanya         PSAK 7 concerning “Disclosure of Related Parties”.
   dilakukan berdasarkan Standar Akuntansi Keuangan (SAK) di
   Indonesia pada PSAK 7 tentang “Pengungkapan Pihak-Pihak
   Berelasi”.

   Pihak-pihak berelasi di lingkup Perseroan adalah sebagai        Related parties within the Company’s coverage are as follows:
   berikut:
   • Garuda adalah entitas induk Perseroan.                        •   Garuda is the Company’s parent entity.
   • Seluruh entitas yang dikendalikan oleh Garuda serta entitas   •   All entities controlled by Garuda or where Garuda has
       dimana Garuda memiliki pengaruh signifikan.                     significant influence are presented as related parties.
   • Pemerintah Republik Indonesia melalui Kementerian             •   The Government of the Republic of Indonesia represented by
       Keuangan adalah pemegang saham utama Perseroan.                 the Ministry of Finance is the majority stockholder of Garuda.
   • Seluruh entitas yang dimiliki dan dikendalikan oleh           •   All entities that are owned and controlled by the Government
       Kementerian Keuangan Pemerintah Republik Indonesia              of the Republic of Indonesia including entities where the
       serta entitas dimana Kementerian Keuangan Pemerintah            Government of the Republic of Indonesia have significant
       Republik Indonesia memiliki pengaruh signifikan.                influence are presented as government - related entities.
   • Dewan Komisaris dan Direksi merupakan manajemen kunci.        •   Commissioners and Directors are considered key
                                                                       management personnel.

   Transaksi yang dilakukan oleh Perseroan dengan pihak berelasi   Transactions conducted by the Company with related parties
   merupakan transaksi yang umum dilakukan oleh Perseroan          are typically conducted for daily business operational purposes.
   untuk keperluan operasional bisnis sehari-hari. Transaksi-      These transactions are not considered as Transactions
   transaksi tersebut tidak termasuk dalam Transaksi yang          Containing Conflicts of Interest as referred to in Chapter III
   Mengandung Benturan kepentingan sebagaimana dimaksud            POJK No. 42/POJK.04/2020 concerning Affiliate Transactions
   dalam Bab III POJK No. 42/POJK.04/2020 Tentang Transaksi        and Conflict of Interest Transactions.
   Afiliasi dan Transaksi Benturan Kepentingan.




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          Pihak yang Berelasi                        Sifat Hubungan                                           Sifat Transaksi
            Related Parties                        Nature of Relationship                                  Nature of Transaction

                                                                                          Piutang usaha, aset kontrak, utang usaha, akrual, liabilitas
                                       Entitas induk                                      kontrak, beban usaha
     Garuda Indonesia
                                       Parent entity                                      Accounts receivable, contract assets, accounts payable,
                                                                                          accrual, contract liabilities, operating expenses

                                                                                       Piutang usaha, aset kontrak, utang usaha, liabilitas kontrak
                                       Entitas yang dikendalikan oleh Garuda Indonesia
     Citilink                                                                          Accounts receivable, contract assets, accounts payable,
                                       Entity under common control of Garuda Indonesia
                                                                                       contract liabilities

                                       Entitas yang dikendalikan oleh Garuda Indonesia Utang usaha, akrual, beban usaha
     PT Aero Systems Indonesia
                                       Entity under common control of Garuda Indonesia Accounts receivable, accrual, operating expenses

                                       Entitas yang dikendalikan oleh Garuda Indonesia Utang usaha, akrual, beban usaha
     PT Aerotrans Services Indonesia
                                       Entity under common control of Garuda Indonesia Accounts payable, accrual, operating expenses

                                       Entitas dimana Garuda Indonesia memiliki
                                       pengaruh yang signifikan                     Aset kontrak, utang usaha, beban usaha
     PT Gapura Angkasa
                                       Entity under significant influence of Garuda Contract assets, accounts payable, operating expenses
                                       Indonesia

                                       Entitas yang dimiliki dan dikendalikan oleh
                                                                                     Beban usaha, utang usaha, akrual, liabilitas sewa
                                       Pemerintah Republik Indonesia
     PT Angkasa Pura Indonesia                                                       Operating expenses, accounts payable, accrual, lease
                                       Entity owned and controlled by the Indonesian
                                                                                     liabilities
                                       Government

                               Entitas yang dimiliki dan dikendalikan oleh
     PT Asuransi Jiwa Inhealth Pemerintah Republik Indonesia                 Beban usaha
     Indonesia                 Entity owned and controlled by the Indonesian Operating expenses
                               Government

                                       Entitas yang dimiliki dan dikendalikan oleh
                                       Pemerintah Republik Indonesia                 Beban usaha
     BPJS Kesehatan
                                       Entity owned and controlled by the Indonesian Operating expenses
                                       Government

                                       Entitas yang dimiliki dan dikendalikan oleh
                                       Pemerintah Republik Indonesia                 Beban usaha
     PT PLN (Persero)
                                       Entity owned and controlled by the Indonesian Operating expenses
                                       Government

                                       Entitas yang dimiliki dan dikendalikan oleh
     PT Telekomunikasi Indonesia       Pemerintah Republik Indonesia                 Beban usaha
     (Persero) Tbk                     Entity owned and controlled by the Indonesian Operating expenses
                                       Government

                                       Entitas yang dimiliki dan dikendalikan oleh
                                       Pemerintah Republik Indonesia                 Penempatan kas dan setara kas serta pinjaman
     Bank Negara Indonesia
                                       Entity owned and controlled by the Indonesian Placement of cash and cash equivalents and loans
                                       Government

                                       Entitas yang dimiliki dan dikendalikan oleh
                                       Pemerintah Republik Indonesia                 Penempatan kas dan setara kas serta pinjaman
     Bank Rakyat Indonesia
                                       Entity owned and controlled by the Indonesian Placement of cash and cash equivalents and loans
                                       Government

                                       Entitas yang dimiliki dan dikendalikan oleh
     PT Bank Mandiri (Persero) Tbk     Pemerintah Republik Indonesia                 Penempatan kas dan setara kas
     (“Mandiri”)                       Entity owned and controlled by the Indonesian Placement of cash and cash equivalents
                                       Government




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         Pihak yang Berelasi                     Sifat Hubungan                                        Sifat Transaksi
           Related Parties                     Nature of Relationship                               Nature of Transaction

                                    Entitas yang dimiliki dan dikendalikan oleh
                                    Pemerintah Republik Indonesia                 Penempatan kas dan setara kas
    PT Bank Syariah Indonesia
                                    Entity owned and controlled by the Indonesian Placement of cash and cash equivalents
                                    Government

                                    Entitas yang dimiliki dan dikendalikan oleh
    PT Bank Tabungan Negara         Pemerintah Republik Indonesia                 Penempatan kas dan setara kas
    (Persero) Tbk                   Entity owned and controlled by the Indonesian Placement of cash and cash equivalents
                                    Government

                                    Entitas yang dimiliki dan dikendalikan oleh
    PT Bank Pembangunan Daerah      Pemerintah Republik Indonesia                 Penempatan kas dan setara kas
    Jawa Barat dan Banten Tbk       Entity owned and controlled by the Indonesian Placement of cash and cash equivalents
                                    Government


   REALISASI SALDO DAN TRANSAKSI                                          REALIZATION OF BALANCES AND
   PIHAK-PIHAK BERELASI                                                   TRANSACTIONS OF RELATED PARTIES

                                                                                          Persentase dari jumlah aset (liabilitas)
                    Uraian                                                                 Percentage of total assets (liabilities)
                                                   2024                 2023
                  Description
                                                   (USD)                (USD)
                                                                                             2024                           2023
                                                                                              (%)                            (%)

    Saldo Pihak Berelasi Dalam Aset
    Related Party Balances in Assets

    Kas dan Setara Kas
                                                     9,873,217          17,551,419                     2.33%                           3.90%
    Cash and Cash Equivalents

    Kas Dibatasi Pengunaannya
                                                      902,880              358,975                     0.21%                           0.08%
    Restricted Cash

    Piutang Usaha
                                                    60,468,808          61,352,101                    14.24%                          13.63%
    Accounts Receivable

    Aset Kontrak
                                                    27,455,934          39,738,525                     6.47%                           8.83%
    Contract Assets

    Saldo Pihak Berelasi Dalam Liabilitas
    Related Party Balances in Liabilities

    Utang Usaha
                                                     4,865,365          10.391,617                     0.71%                           1.37%
    Operating Debt

    Akrual
                                                     6,810,739           3,412,094                     1.00%                           0.45%
    Accruals

    Liabilitas Sewa
                                                    43,610,438          50,210,105                     6.39%                           6.60%
    Lease Liabilities

    Pinjaman Jangka Panjang
                                                   314,973,149      330,918,257                       46.15%                          43.47%
    Long-Term Loans

    Liabilitas Kontrak
                                                    61,599,326          89,556,217                     9.03%                          11.77%
    Contract Liabilities

    Saldo Pihak Berelasi dalam Beban Usaha
    Related Party Balances in Operating Expenses

    Beban Usaha
                                                    23,077,977          21,459,594                     5.88%                           6.21%
    Operating Expenses

    Saldo Pihak Berelasi Dalam Beban Keuangan
    Related Party Balances in Financial Expenses

    Beban Keuangan
                                                    10,744,373          12,515,242                    65,09%                          52.99%
    Operating Expenses




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    PERNYATAAN DIREKSI DAN                                            STATEMENT FROM THE BOARD
    DEWAN KOMISARIS                                                   OF DIRECTORS AND THE BOARD
                                                                      OF COMMISSIONERS

    Direksi Perseroan, baik secara individu maupun kolektif,          The Company’s Board of Directors, both individually
    bertanggung jawab penuh atas kebenaran informasi dan              and collectively, takes full responsibility for the accuracy
    transparansi terkait seluruh transaksi afiliasi yang dilakukan    of information and transparency regarding all affiliated
    sepanjang tahun 2024. Dalam menjalankan tanggung jawabnya,        transactions carried out throughout 2024. In fulfilling their
    Dewan Komisaris bersama dengan Komite Audit juga telah            duties, the Board of Commissioners, together with the Audit
    melaksanakan fungsi pengawasan yang menyeluruh terhadap           Committee, has also exercised comprehensive oversight of each
    setiap transaksi afiliasi yang terjadi selama tahun berjalan.     affiliated transaction that took place during the year.

    Direksi dan Dewan Komisaris telah melakukan analisis secara       The Board of Directors and the Board of Commissioners have
    cermat dan memastikan bahwa seluruh transaksi afiliasi telah      conducted a thorough analysis and ensured that all affiliated
    mengikuti prosedur yang memadai, sesuai dengan ketentuan          transactions have followed proper procedures, complied
    peraturan perundang-undangan yang berlaku, serta selaras          with applicable laws and regulations, and aligned with sound
    dengan praktik bisnis yang sehat. Dengan demikian, setiap         business practices. As a result, all transactions have been carried
    transaksi dilakukan secara independen tanpa adanya benturan       out independently, without any conflicts of interest, and in
    kepentingan, serta mengutamakan prinsip tata kelola               accordance with the principles of good corporate governance
    perusahaan yang baik (GCG).                                       (GCG).




                                        Informasi Keuangan yang
                                Mengandung Kejadian yang Bersifat
                                     Luar Biasa dan Jarang Terjadi
                                                            Financial Information that Contains
                                                                Extraordinary and Rare Events

    Pada tahun 2024, tidak terdapat informasi ataupun transaksi       In 2024, there were no financial information or transactions
    keuangan yang mengandung kejadian yang bersifat luar biasa        involving extraordinary and rare events, other than those
    dan jarang terjadi selain dari keseluruhan informasi yang telah   disclosed in the Financial Statements.
    disampaikan pada Laporan Keuangan.




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   Perubahan Peraturan Perundang-Undangan
   yang Berpengaruh Signifikan Terhadap
   Perseroan
   Changes in Law and Regulations that Had Significant Affect to
   the Company


                  Nama Peraturan                         Isi Peraturan                    Dampak                        Penyesuaian
     No.
                    Regulation                              Content                        Impact                       Adjustment

           Peraturan Otoritas Jasa
           Keuangan Republik Indonesia                                             Perseroan dalam
                                                Menggantikan Peraturan Otoritas
           Nomor 4 Tahun 2024 Tentang                                              memenuhi kewajiban-
                                                Jasa Keuangan Republik Indonesia
           Laporan Kepemilikan atau Setiap                                         kewajiban di bidang
                                                Nomor 11/POJK.04/2017 tentang
           Perubahan Kepemilikan Saham                                             Pasar Modal khususnya
                                                Laporan Kepemilikan atau Setiap
           Perusahaan Terbuka dan Laporan                                          pada Kepemilikan Saham,     Pemenuhan kewajiban di bidang
                                                Perubahan Kepemilikan Saham
           Aktivtas Menjaminkan Saham                                              Perubahan Kepemilikan       Pasar Modal terkait laporan-
                                                Perusahaan Terbuka
           Perusahaan Terbuka                                                      Saham, serta Penjaminan     laporan kepemilikan saham
                                                Amendment of the Financial
     1.    Regulation of the Financial                                             Saham                       Fulfillment of obligations in the
                                                Services Authority of the
           Services Authority of the Republic                                      The Company in fulfilling   Capital Market sector related to
                                                Republic of Indonesia Number
           of Indonesia Number 4 of 2024                                           its obligations in the      share ownership reports
                                                11/POJK.04/2017 concerning
           Concerning Reports of Ownership                                         Capital Market sector,
                                                Ownership Reports or Any
           or Any Changes in Ownership of                                          especially in Share
                                                Changes in Share Ownership of
           Shares of Public Companies and                                          Ownership, Changes in
                                                Public Companies
           Reports of Activities of Pledge of                                      Share Ownership, and
           Shares of Public Companies                                              Share Guarantees


           Peraturan Otoritas Jasa                                                 Perseroan dalam
                                                Peraturan ini diterbitkan untuk
           Keuangan Republik Indonesia                                             memenuhi kewajiban di
                                                pelaporan-pelaporan pada bidang                                Pemenuhan kewajiban di bidang
           Nomor 45 Tahun 2024 Tentang                                             pada bidang Pasar Modal
                                                pasar modal khususnya dalam                                    Pasar Modal terkait laporan
           Pengembangan dan Penguatan                                              khusus pada laporan
                                                hal laporan informasi dan fakta                                informasi dan fakta material
           Emiten dan Perusahaan Publik                                            informasi dan fakta
                                                material                                                       Fulfillment of obligations in the
           Regulation of the Financial                                             material
     2.                                         This regulation was issued for                                 Capital Market sector related to
           Services Authority of the Republic                                      ​​ T he Company fulfills
                                                reporting in the capital market                                reporting material information
           of Indonesia Number 45 of 2024                                          its obligations in the
                                                sector, especially regarding                                   and facts
           concerning the Development                                              Capital Markets sector,
                                                material information and fact
           and Strengthening of Issuers and                                        specifically in reporting
                                                reports.
           Public Companies                                                        material information and
                                                                                   facts.




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                               Perubahan Kebijakan Akuntansi dan
                                  Dampaknya Terhadap Perseroan
     Changes in Accounting Policies and Its Impact on the Company




    Penerapan dari standar, interpretasi baru/revisi standar berikut   The implementation of the new/revised interpretations of
    yang berlaku efektif mulai 1 Januari 2024, tidak menimbulkan       standards effective starting January 1, 2024, does not cause
    perubahan substansial terhadap kebijakan akuntansi Perseroan       substantial changes to the Company’s accounting policies and
    dan pengaruh yang material atas jumlah yang dilaporkan atas        does not have a material impact on the amounts reported for
    tahun berjalan atau tahun sebelumnya.                              the current or previous year.




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   Informasi Kelangsungan Usaha
   Business Continuity Information


   Sejalan dengan pertumbuhan industri penerbangan pasca                In line with the growth of the aviation industry post-pandemic,
   pandemi, Perseroan melakukan berbagai inisiatif untuk                the Company has undertaken various initiatives to continuously
   terus meningkatkan kinerja keuangan dan menjaga kondisi              improve financial performance and maintain operational
   operasional. Perseroan membukukan keuntungan sebesar                 stability. The Company recorded a profit of USD26.90 million in
   USD26,90 juta pada tahun 2024 (2023: laba USD20,16                   2024 (2023: USD20.16 million profit), but with negative working
   juta), tapi modal kerja negatif sebesar USD31,41 juta (2023:         capital of USD31.41 million (2023: USD33.10 million) and
   USD33,10 juta), dan ekuitas negatif sebesar USD257.90 juta           negative equity of USD257.90 million as of December 31, 2024
   pada 31 Desember 2024 (2023: USD311.16 juta). Selama 2024            (2023: USD311.16 million). Throughout 2024 and continuing
   dan berlanjut pada 2025, Perseroan melakukan upaya perbaikan         into 2025, the Company implemented financial improvement
   kinerja keuangan melalui program peningkatan profitabilitas,         measures through profitability enhancement programs, debt
   restrukturisasi utang, serta perbaikan ekuitas                       restructuring, and equity improvement initiatives.

   PENINGKATAN PROFITABILITAS                                           PROFITABILITY ENHANCEMENT

   1. Operational Excellence di Seluruh Segmen Bisnis                   1. Operational Excellence Across All Business Segments
      Hingga YTD Desember 2024, kondisi keuangan Perseroan                 As of YTD December 2024, the Company’s financial
      mengalami perbaikan dibandingkan tahun sebelumnya.                   condition improved compared to the previous year. Based
      Berdasarkan laporan keuangan audited, seluruh parameter              on the audited financial statements, all financial metrics
      keuangan menunjukkan pertumbuhan dibandingkan dengan                 showed growth compared to 2023. Revenue increased
      tahun 2023. Peningkatan pendapatan terjadi di seluruh                across all business segments, with the highest growth in the
      segmen bisnis, dengan pertumbuhan revenue terbesar di                Line Maintenance segment. The Operating Profit Margin
      segmen Line Maintenance. Operating Profit Margin (OPM)               (OPM) rose to 10% in 2024 compared to 7.4% in 2023.
      meningkat menjadi 10% pada 2024 dibandingkan 7.4%
      pada 2023.

   2. Pengembangan Bisnis di Power Services & Government                2. Business Development in Power Services & Government
      Perseroan terus melakukan diversifikasi bisnis melalui               The Company continues to diversify its business by
      penguatan sektor Power Services & Government:                        strengthening the Power Services & Government sectors:
      a. Power Services: Market penetration dilakukan melalui              a. Power Services: Market penetration was achieved through
          kerja sama dengan Sales & Marketing, skema back-to-                  collaboration with Sales & Marketing, a back-to-back
          back payment vendor, serta percepatan proses billing.                vendor payment scheme, and accelerated billing processes.
          Pendapatan Power Services mencapai USD4.59 juta,                     Revenue from Power Services reached USD4.59 million,
          meningkat 54% dibandingkan USD2.98 juta pada 2023.                   a 54% increase from USD2.98 million in 2023.
      b. Government: Customer visit dilakukan secara rutin                 b. Government: Weekly customer visits were conducted,
          setiap minggu, serta sinergi dengan pelanggan                        and synergies maintained through a knowledge transfer
          dijaga melalui program transfer knowledge bersama                    program with Depohar 10 of the TNI AU under the SIP
          Depohar 10 TNI AU dalam SIP (Structural Integrity                    (Structural Integrity Program). Strategic partnerships
          Program). Strategic partnership dengan authorized                    with authorized spare parts distributors continued to
          distributor suku cadang terus berkembang. Pendapatan                 grow. Government revenue rose 130% to USD17.44
          Government meningkat 130% menjadi USD17,44 juta                      million from USD7.58 million in 2023.
          dibandingkan USD7,58 juta pada 2023.
   3. Secure New Long-Term Captive Customer                             3. Securing New Long-Term Captive Customers
      Inisiatif untuk meningkatkan pendapatan dari pelanggan               Initiatives were made to increase revenue from non-
      non-afiliasi seperti Korean Air, Jin Air, Asiana Airlines, Tway      affiliated customers such as Korean Air, Jin Air, Asiana
      Airlines, Jeju Air, Vietjet, dan Vietnam Airlines. Sepanjang         Airlines, Tway Airlines, Jeju Air, Vietjet, and Vietnam
      2024, Perseroan berhasil mengamankan kontrak baru dari               Airlines. Throughout 2024, the Company secured new
      pelanggan eksisting maupun pelanggan baru dengan total               contracts from both existing and new customers, totaling
      nilai proyek sebesar USD11.16 juta.                                  USD11.16 million.




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    4. Zero COPQ (Cost of Poor Quality)                              4. Zero COPQ (Cost of Poor Quality)
       Menjaga kualitas layanan melalui program quality                 Service quality was maintained through quality
       improvement untuk mencegah biaya rework. Inisiatif yang          improvement programs to prevent rework costs. Initiatives
       dilakukan meliputi:                                              included:
       a. Program surveillance harian dan mingguan, quality             a. Daily and weekly surveillance programs, quality
           supervision, serta penguatan back to basic training              supervision, and enhancement of back-to-basic training
           program.                                                         programs.
       b. Active Quality Leadership Program untuk meningkatkan          b. Active Quality Leadership Program to improve safety
           safety dan compliance di setiap unit.                            and compliance in each unit.
       c. Peningkatan nilai Data Quality Integrity (DQI) sebagai        c. Improvement of Data Quality Integrity (DQI) scores
           KPI di setiap Direktorat, mencakup aspek Closing                 as a KPI in each Directorate, covering aspects such
           Revision, Open Order, Missing Sector vs Techlog,                 as Closing Revision, Open Order, Missing Sector vs
           Remove Install, Robbing, dan lainnya.                            Techlog, Remove Install, Robbing, and others.
    5. Pengembangan SDM                                              5. HRDevelopment
       a. Productivity Program dengan pemantauan produktivitas          a. A Productivity Program monitored manpower
           manpower melalui perbandingan manhours consume                   productivity by comparing manhours consumed with
           dan manhours available.                                          manhours available.
       b. Pelaksanaan Annual Training Program YTD Desember              b. The Annual Training Program as of YTD December
           2024 mencakup 3x Orientation Training, 106x Basic                2024 included 3x Orientation Trainings, 106x Basic
           Competencies Training, 34x Job Competencies Training,            Competencies Trainings, 34x Job Competencies
           121x Continuing Competencies Training, dan 90x Task              Trainings, 121x Continuing Competencies Trainings,
           Competencies Training.                                           and 90x Task Competencies Trainings.
       c. Pengembangan lisensi engineer melalui mentoring dan           c. Engineer license development through mentoring and
           Instructor Development Program.                                  the Instructor Development Program.
       d. Leadership Development Program melalui pelatihan              d. Leadership Development Program through MRO
           MRO Management dan MRO Finance bagi pemimpin                     Management and MRO Finance training for leaders
           dan talent.                                                      and talents.
    6. Optimalisasi Supply Chain Management                          6. Supply Chain Management Optimization
       Monitoring perbaikan pengelolaan material, subcont, dan          Efforts to improve management of materials, subcontracts,
       inventory untuk menghindari kerugian. Beberapa program           and inventory were made to prevent losses. Programs
       yang dijalankan:                                                 included:
       a. Consignment Program dengan Jadec, Arif Surya, SATAIR,         a. Consignment Programs with Jadec, Arif Surya, SATAIR,
           Victor, dan PDQ senilai USD5,6 juta. Monitoring program          Victor, and PDQ worth USD5.6 million, monitored via
           dilakukan dengan ERP System dan dashboard internal.              ERP System and internal dashboard.
       b. Just in Time Program untuk pemenuhan material sesuai          b. Just in Time Program to meet material needs precisely
           kebutuhan dengan McGean-Rohco.                                   with McGean-Rohco.
       c. Negosiasi credit limit dengan forwarder Alliance21            c. Successful negotiation of increased credit limits with
           berhasil meningkatkan batas kredit dari USD300 ribu              forwarder Alliance21 from USD300 thousand to
           menjadi USD500 ribu. Negosiasi dengan Schenker                   USD500 thousand. Negotiations with Schenker are
           masih berlangsung dengan target limit Rp1 miliar.                ongoing, targeting a limit of Rp1 billion.
       d. Penjualan inventory untuk mengurangi surplus material         d. Inventory sales to reduce surplus material and optimize
           dan optimalisasi aset.                                           assets.
    7. MRO Standard QCDS Program                                     7. MRO Standard QCDS Program
       Untuk menjaga konsistensi Quality, Cost, Delivery, Services      To maintain consistency in Quality, Cost, Delivery, and
       (QCDS), dilakukan Post Project Review (PPR) setelah proyek       Services (QCDS), Post Project Reviews (PPR) are conducted
       selesai. Evaluasi dari PPR digunakan sebagai masukan             after project completion. Insights from PPR are used for
       dalam perencanaan proyek berikutnya, termasuk aspek              planning future projects, including resource planning and
       perencanaan resources dan profitabilitas.                        profitability considerations.




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   RESTRUKTURISASI &                                                DEBT RESTRUCTURING & CASH
   OPTIMALISASI CASH FLOW                                           FLOW OPTIMIZATION

   1. Restrukturisasi Utang Bank                                    1. Bank Debt Restructuring
      Pada 29 Desember 2023, perjanjian restrukturisasi utang          On December 29, 2023, a debt restructuring agreement
      kepada Bank BRI telah ditandatangani, dengan pengikatan          with Bank BRI was signed, including collateral arrangements
      agunan yang disetujui dalam RUPS pada 28 Juni 2024.              approved in the General Meeting of Shareholders on June
                                                                       28, 2024.
   2. Restrukturisasi Utang Vendor                                  2. Vendor Debt Restructuring
      Hingga Desember 2024, telah dilakukan restrukturisasi            As of December 2024, vendor debt restructuring was
      utang vendor dengan total haircut sebesar USD 2,25 juta.         carried out with a total haircut of USD2.25 million.
   3. Optimasi Cashflow                                             3. Cash Flow Optimization
      a. Penyesuaian alokasi cash out atas material dan                a. Adjustments to cash outflows for materials and
         manhours berdasarkan cash in untuk memenuhi                       manhours were made based on incoming cash to
         kebutuhan operasional. YTD Desember 2024, free                    support operations. YTD December 2024, free cash
         cash flow tercatat sebesar USD2.86 juta.                          flow was recorded at USD2.86 million.
      b. Self-project financing diterapkan dengan mekanisme uang       b. Self-project financing was implemented using advance
         muka guna menghindari kekurangan dana. Proyek IGTE                payments to avoid funding shortages. The IGTE project
         masih menggunakan metode project partnership dengan               continues to use a project partnership model with back-
         pola back-to-back sesuai penerimaan dari pelanggan.               to-back payments aligned with customer receipts.
      c. Pemenuhan CAPEX 2024 (hangar door, tools, safety              c. CAPEX fulfillment in 2024 (hangar doors, tools, safety
         compliance) dilakukan dengan operating cash.                      compliance) was financed through operating cash.

   PERBAIKAN EKUITAS                                                EQUITY IMPROVEMENT

   1. Asset Swap to Equity                                          1. Asset Swap to Equity
      Pada 2024, program asset swap to equity dilaksanakan             In 2024, the asset swap to equity program was carried out
      melalui skema inbreng aset Garuda Indonesia (GA) yang            via asset inbreng from Garuda Indonesia (GA) involving
      berhubungan dengan operasional GMF (Hangar 1, 2, 3,              operational assets of GMF (Hangars 1, 2, 3, and supporting
      dan fasilitas pendukung).                                        facilities).
      a. Persetujuan transaksi diberikan dalam RUPS ke-2 GA            a. The transaction was approved in GA’s second GMS on
         pada 12 Juni 2024.                                                June 12, 2024.
      b. Penilaian aset sebesar Rp418,29 miliar dilakukan oleh         b. The asset valuation amounted to Rp418.29 billion,
         KJPP, dan sebagai kompensasi, GA menerima 9,09 miliar             as appraised by a public appraisal firm (KJPP), and in
         saham seri B.                                                     return, GA received 9.09 billion series B shares.
      c. Akta peningkatan modal ditandatangani pada 15                 c. The capital increase deed was signed on January 15,
         Januari 2025, meningkatkan jumlah saham GMF dari                  2025, raising the total GMF shares from 28.23 billion
         28,23 miliar saham menjadi 37,57 miliar saham.                    to 37.57 billion shares.

   Selain itu, GMF menjajaki program asset swap to equity terkait   In addition, GMF is exploring an asset swap to equity program
   kepemilikan lahan (Inbreng Lahan).                               involving land ownership (Land Inbreng).




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                                                                              Teknologi Informasi
                                                                                        Information Technology


                                                     IT Master Plan GMF 2022-2026
                                                      2022-2026 IT Master Plan of GMF

                                      2022                      2023                        2024                        2025-2026

                                  Digital Asset          Digital Operation
       Core IT Function                                                            Massive Digitalization        Digital Transportation
                                  Optimization            Enhancement

                                                            IT Maturity
                               SMI Implementation
                                                           Enhancement
                                                                                               Enterprise Architecture
       IT Governance                                        IT Security
       and Security            SMKI Implementation
                                                           Enhancement

                                 IT Development
                                    Efficiency
                                                                                                                Measured & Optimized
                                                          Manage DevOps                 Defined DevOps
       IT Development                                                                                                 DevOps
       and Operation              Initial DevOps


                                  Optimizing IT                                                                      SAP Upgrade
                                                              IT Infrastructure and EUC Upgrade
                                  Infrastructure                                                                    Implementation

       IT Infrastructure and
       Service Management                                      Integration Platform Optimization




    Roadmap Pengelolaan IT GMF telah dirancang dan ditetapkan          The IT Management Roadmap of GMF has been regularly
    secara periodik dalam bentuk IT Master Plan, sebuah perumusan      designed and determined into the IT Master Plan, a formulation
    kebijakan dan standarisasi dalam rencana kerja beberapa            of policy and standardization of several year work plans
    tahun oleh Fungsi Pengelola Teknologi Informasi. Rumusan ini       by the Information Technology Management Function.
    disusun sebagai fondasi strategi dan konsep arsitektur layanan     This formulation is prepared as a strategic foundation and
    berdasarkan Rencana Jangka Panjang Perusahaan (RJPP) untuk         architecture concept based on the Company’s Long Term Plan
    pengelolaan dan pengembangan layanan teknologi informasi.          (RJPP) for the management and development of information
                                                                       technology.

    IT Master Plan GMF telah ditetapkan untuk periode jangka           GMF has established its IT Master Plan for a long-term
    panjang 2022 hingga 2026 dan GMF secara konsisten                  period from 2022 to 2026, and the Company is consistently
    menjalankan rencana untuk mencapai tujuan dengan hasil             implementing the plan to achieve its goals with optimal results.
    yang optimal. IT Masterplan GMF 2022-2026 mencakup:                GMF’s IT Masterplan 2022-2026 includes: Digital Asset
    Digital Asset Optimization (2022), Digital Operation               Optimisation (2022), Digital Operation Enhancement (2023),
    Enhancement (2023), Massive Digitalization (2024), dan Digital     Massive Digitalisation (2024), and Digital Transformation
    Transformation (2025-2026).                                        (2025-2026).

    STRUKTUR PENGELOLA IT                                              IT MANAGEMENT STRUCTURE

    Struktur organisasi IT terdapat pada dua bidang yang               The IT organizational structure is set forth under two
    bernaung di bawah Departemen Corporate Strategy & Digital          Department of the Corporate Strategy & Digital Transformation
    Transformation. Kedua bidang tersebut adalah Innovation &          Office. The two are Innovation & Digital Transformation and
    Digital Transformation dan ERP System & IT Service Delivery.       ERP System & IT Service Delivery.




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   PROGRAM 2024                                                       2024 PROGRAM

   IMPLEMENTASI SISTEM TEKNOLOGI INFORMASI                            IMPLEMENTATION OF INFORMATION
                                                                      TECHNOLOGY SYSTEM
   Sesuai dengan IT Masterplan 2022-2026, implementasi                In accordance with the IT Masterplan 2022-2026, the
   teknologi informasi difokuskan pada strategic goals yaitu          implementation of information technology is focused on the
   Maintain Airworthy and Reliability , Escalate Customer             strategic goals of Maintain Airworthy and Reliability, Escalate
   Intemacy, Digitalizing Operation, dan Employee Empowerment.        Customer Intemacy, Digitalising Operations, and Employee
                                                                      Empowerment.
   •    Maintain Airworthy & Reliability.                             • Maintain Airworthy & Reliability.
           Merupakan sasaran strategis teknologi informasi dalam          It is a strategic goal of information technology to support
           mendukung misi perusahaan untuk menjamin keselamatan           the company’s mission in ensuring flight safety. Throughout
           penerbangan. Sepanjang tahun 2024 telah dikembangkan           2024, the Aircraft Health Index application, ASDCS and
           Aplikasi Aircraft Health Index, Aplikasi ASDCS dan HIL,        HIL application, and Tools Management System (IMTE)
           dan Aplikasi Tools Management System (IMTE).                   application were developed.

   •    Escalate Customers Intemacy.                                  •   Escalate Customers Intemacy.
        Merupakan sasaran strategis teknologi informasi pada              It is a strategic goal of information technology to enhance
        peningkatan kualitas interaksi perusahaan dengan                  the quality of the company’s interaction with customers
        customer melalui digitalisasi proses dan channel digital          through process digitization and digital channels to meet
        untuk memenuhi kebutuhan customer dan meningkatkan                customer needs and increase profitability. Throughout
        profitabilitas. Sepanjang tahun 2024 telah dikembangkan           2024, the GSMART - PA Aircraft application was developed.
        Aplikasi GSMART - PA Aircraft.

   •    Employees Empowerment                                         •   Employees Empowerment
        Merupakan sasaran strategis teknologi informasi untuk             It is a strategic goal of information technology to optimize
        optimasi manajemen sumber daya manusia melalui                    human resource management through the digitization
        digitalisasi proses pengelolalaan dan layanan SDM sehingga        of HR processes and services, enhancing productivity
        meningkatkan produktivitas dan efisiensi bagi setiap              and efficiency for every employee. To achieve this goal,
        individu karyawan. Untuk mencapai tujuan ini dilakukan            the MyHC - Performance Management, Compensation
        pengembangan Aplikasi MyHC - Performance Management,              Management, and Succession Management applications,
        Compensation Management, Succession Management,                   along with the Dashboard Assessment Center application
        Aplikasi Dashboard Assessment Center, dan Aplikasi                and Knowledge Management (NEX) application, were
        Knowledge Management (NEX).                                       developed.

   •    Digitalizing Operation                                        •   Digitalizing Operation
        Merupakan sasaran strategis teknologi informasi dalam              It is a strategic goal of information technology to digitalize
        digitalisasi pengelolaan sektor operasional Perseroan baik        the management of the company’s operational sectors,
        pada area financial, produksi, maupun supporting agar             including finance, production, and support areas, to
        dapat berjalan dengan lebih efektif dan efisien. Pada tahun       ensure more effective and efficient operations. In 2024,
        2024 telah dikembangkan Aplikasi Dashboard Realisasi              the following applications were developed: Budget
        Anggaran (OCX) fase 1, Aplikasi Audit Internal (Advis),           Realization Dashboard (OCX) Phase 1, Internal Audit
        Aplikasi Pusat Logistik Berikat CEISA, Aplikasi Material          Application (Advis), CEISA Bonded Logistics Center
        Movement, Aplikasi XPREAM Capacity Planning (XOPS                 Application, Material Movement Application, XPREAM
        Mobile), Aplikasi IT Project Management (PRISMA), dan             Capacity Planning (XOPS Mobile), IT Project Management
        Aplikasi Application Life Cycle Management (LIMAS).               (PRISMA), and Life Cycle Management Application (LIMAS).

   IMPLEMENTASI INFRASTRUKTUR                                         IMPLEMENTATION OF INFORMATION
   TEKNOLOGI INFORMASI                                                TECHNOLOGY INFRASTRUCTURE
   Selain pembangunan sistem teknologi informasi, beberapa            In addition to the development of information technology
   pengembangan infrastruktur teknologi informasi juga                systems, several information technology infrastructure
   difokuskan untuk diimplementasikan pada beberapa aspek,            developments are also focused on being implemented in several
   yakni:
                                                                      aspects, such as:
   •    Enterprise Resource Planning (ERP) System Development         • Enterprise Resource Planning (ERP) System Development
        & Operation                                                       & Operation
        Merupakan sasaran strategis teknologi informasi pada              It is a strategic goal of information technology to enhance
        peningkatan kolaborasi area development program dengan            collaboration between the development program and
        operation dari fase plan, delivery, hingga operational            operations from the planning and delivery phases to execution,


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        sehingga berjalan secara efektif dan efisien. Perseroan             ensuring effectiveness and efficiency. The company has
        telah melakukan ERP business process enhancement yang               undertaken ERP business process enhancements, including
        mencakup integrasi aplikasi CEISA ke GMF SAP SWIFT,                 integrating the CEISA application with GMF SAP SWIFT,
        enhancement apps VMS di SAP, serta pengembangan mobile              enhancing the VMS application in SAP, and developing a mobile
        ERP untuk aplikasi material movement. Selain itu, dilakukan         ERP for material movement. Additionally, an ERP assessment
        ERP assessment, termasuk evaluasi risiko SAP ECC dan                was conducted, evaluating SAP ECC risks and recommending
        rekomendasi migrasi ke SAP HANA atau solusi non-SAP.                migration to SAP HANA or alternative non-SAP solutions.
        Alignment dengan Garuda Group juga dilakukan dalam                  Alignment with the Garuda Group was also carried out for
        rangka pengadaan license SAP RISE Phase 1. Sebagai upaya            the procurement of SAP RISE Phase 1 licenses. As part of
        efisiensi, dilakukan pengoptimalkan penggunaan internal             efficiency efforts, internal resource utilization for development
        resource pada development & operation.                              and operations was optimized.

    •   IT Infrastructure                                               •   IT Infrastructure
        Infrastruktur Teknologi Informasi (TI) merupakan salah              Information Technology (IT) infrastructure is a strategic goal
        satu sasaran strategis dalam rangka peningkatan pelayanan           aimed at enhancing service quality and the effectiveness
        dan efektivitas dari keseluruhan proses TI melalui strategi         of overall IT processes through the selection, utilization,
        pemilihan, penggunaan, dan pemeliharaan infrastruktur               and maintenance of the right infrastructure. Throughout
        yang tepat. Sepanjang tahun 2024, Perseroan telah                   2024, the company has implemented several infrastructure
        melakukan sejumlah peningkatan infrastruktur, antara                improvements, including the deployment of Secure Service
        lain implementasi Secure Service Gateway, End Point                 Gateway, End Point Protection, and the procurement of End
        Protection, serta pengadaan End User Computing (EUC)                User Computing (EUC) devices such as laptops and PCs
        seperti laptop dan PC yang dilengkapi dengan mobile device          equipped with mobile device management (Scale Fusion).
        management (Scale Fusion). Selain itu, Perseroan juga telah         Additionally, a Next Generation Firewall was implemented
        mengimplementasikan Next Generation Firewall untuk                  to optimize internet bandwidth management.
        pengelolaan bandwidth internet yang lebih efektif.

        Di samping itu, Perseroan telah melakukan assessment                The company also conducted an assessment for upgrading
        untuk upgrade Active Directory serta Wireless Network               Active Directory and a Wireless Network Assessment in
        Assessment bekerja sama dengan PT Aero System Indonesia.            collaboration with PT Aero System Indonesia. In service
        Dalam aspek layanan, dilakukan tinjauan bulanan terhadap            management, monthly reviews were carried out for IT
        IT Operation Managed Service, layanan internet korporasi,           Operation Managed Service, corporate internet services,
        serta keberlanjutan pengelolaan IT Asset Management,                and the continuous management of IT Asset Management,
        yang mencakup pengadaan perangkat EUC dan solusi                    covering EUC procurement and IT spare parts & peripheral
        konsinyasi IT sparepart & peripheral untuk mempercepat              consignment solutions to accelerate employee device
        penanganan perangkat kerja bagi pegawai.                            maintenance.

    •   IT Security                                                     •   IT Security
        Merupakan sasaran strategis teknologi informasi dalam               It is a strategic goal of information technology to enhance
        meningkatkan keamanan (security) informasi sebagai aset             information security as a corporate asset, ensuring
        perusahaan sehingga dapat memenuhi sasaran strategis                alignment with strategic objectives and good corporate
        dan sesuai dengan tata kelola perusahaan yang baik dengan           governance through the establishment of a new Information
        membuat organisasi yang baru yaitu Information security.            Security organization. Additionally, GMF has collaborated
        Selain itu GMF melakukan kerja sama dengan BSSN dalam               with BSSN for cyber incident handling by forming a Cyber
        hal penanganan incident cyber, dengan membentuk CSIRT               Security Incident Response Team (CSIRT).
        (Cyber Security Incident Response Team).

        Kemudian sepanjang tahun 2024, telah dilakukan berbagai             Throughout 2024, various IT security enhancement initiatives
        inisiatif peningkatan keamanan IT, yaitu End Point Protection       were undertaken, including an End Point Protection upgrade
        upgrade, pengadaan Security Operation Center terintegrasi           and the establishment of a Security Operation Center
        dengan Garuda Indonesia Group. Perseroan juga melakukan             integrated with Garuda Indonesia Group. The company also
        reviu bulanan atas layanan Secure Socket Layer/Transport            conducted monthly reviews of Secure Socket Layer/Transport
        Layer Security (SSL/TLS) dan domain korporasi. Aktivitas            Layer Security (SSL/TLS) services and corporate domains.
        terkait pengelolaan IT beserta performansinya selalu                IT management activities and performance are regularly
        dilaporkan secara reguler kepada Direksi.                           reported to the Board of Directors.




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   RENCANA PENGEMBANGAN 2025                                          2025 DEVELOPMENT PLAN
   Dengan mempertimbangkan IT Master Plan 2022-2026 dan               By considering the IT Master Plan 2022-2026 and considering
   memperhatikan pulihnya kembali bisnis aviasi setelah pandemi,      the recovery of the aviation business after the pandemic,
   maka pada tahun 2025 Perseroan akan terus melanjutkan              in 2025 the company will focus on synergising business
   untuk fokus mensinergikan strategi bisnis dan strategi IT. Untuk   strategy and IT strategy. To that end, the Company focuses
   itu, dalam rangka melanjutkan program digitalisasi yang telah      on digitalisation programmes that support its strategic goals,
   berjalan pada tahun 2024, Perseroan akan terus berfokus pada       namely Maintain Airworthy and Reliability, Escalate Customer
   program-program digitalisasi yang mendukung strategic goals,       Intemacy, Digitalising Operation, and Employee Empowerment.
   yaitu Maintain Airworthy and Reliability, Escalate Customer
   Intemacy, Digitalizing Operation, dan Employee Empowerment.




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Page 177
 TATA KELOLA
PERUSAHAAN
 Corporate Governance
Page 178
   Komitmen Kuat Penerapan Tata Kelola
   Perusahaan yang Baik
   Strong Commitment on Implementing Good Corporate
   Governance

   Tata Kelola Perusahaan yang Baik atau Good Corporate             Good Corporate Governance (GCG) comprises principles that
   Governance (GCG) merupakan prinsip-prinsip yang mendasari        govern company management based on statutory provisions
   suatu pengelolaan perusahaan berlandaskan ketentuan              and business ethics. Recognizing the strategic benefits, GMF
   perundang-undangan dan etika usaha. GMF memahami arti            prioritizes the implementation of GCG principles. Operational
   penting dan manfaat strategis dari penerapan prinsip-prinsip     management aligned with GCG principles ensures business
   GCG. Pengelolaan operasional yang sesuai prinsip-prinsip         sustainability, fostering positive performance, enhancing trust,
   GCG tercermin dari keberlangsungan usaha yang mampu              and delivering added value for shareholders and stakeholders.
   meraih kinerja positif dan memperkuat kepercayaan serta
   memberikan nilai tambah bagi pemegang saham dan para
   pemangku kepentingan.

   GMF menerapkan GCG melebihi ketentuan regulator/                 GMF goes beyond the provisions of applicable regulations,
   peraturan perundang-undangan yang berlaku karena GMF             acknowledging that the implementation and continual
   menyadari bahwa implementasi dan perbaikan berkelanjutan         enhancement of GCG are crucial for improving performance and
   dari GCG menjadi kunci penting untuk meningkatkan kinerja        maintaining client’s trust. Over time, GMF consistently makes
   dan menjaga kepercayaan para klien. Dari waktu ke waktu,         improvements, adjusts operational policies and procedures
   GMF melakukan perbaikan, menyesuaikan kebijakan dan              to comply with regulations, adopts industry best practices,
   prosedur operasional untuk mematuhi peraturan yang berlaku       develops systems, and enhances awareness among all GMF
   dan mengadopsi praktik terbaik industri, mengembangkan           Personnel about the importance of GCG implementation.
   sistem serta meningkatkan kesadaran seluruh Insan GMF akan
   pentingnya penerapan GCG.



   PEDOMAN TATA KELOLA PERUSAHAAN                                   GUIDELINES FOR CORPORATE
                                                                    GOVERNANCE
   Sebagai salah satu bentuk komitmen GMF terhadap penerapan        As part of GMF's commitment to implementing GCG, the
   GCG, telah dibentuk Pedoman Tata Kelola Perusahaan pada          Corporate Governance Guidelines were established on June
   tanggal 29 Desember 2022 dengan revisi terakhir pada tanggal     23, 2006, with the latest revision on December 29, 2022. The
   31 Desember 2024. Revisi terakhir telah ditandangani oleh        latest revision was endorsed by all members of the Board of
   seluruh anggota Dewan Komisaris dan Direksi yang menjabat        Commissioners and Directors who were serving at that time
   pada saat itu dan pedoman ini masih digunakan hingga saat ini.   through their signature, and these guidelines remain in effect
                                                                    to date.


            Pedoman Tata Kelola Perusahaan telah diunggah di website resmi GMF dan dapat diakses oleh publik
      The Corporate Governance Guidelines have been uploaded to the official website of GMF and accessible for the public


                                                             CLICK HERE




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                                                                                                                 Tata Kelola Perusahaan
                                                                                                                  Corporate Governance




    TUJUAN PENERAPAN GCG                                                 OBJECTIVES OF GCG IMPLEMENTATION

    Melalui penerapan GCG di lingkungan usahanya, GMF memiliki           GMF aims to achieve several objectives by applying GCG in its
    sejumlah tujuan yang ingin dicapai yaitu:                            business environment, such as:
    1. Mengarahkan perilaku seluruh insan GMF dalam bertindak            1. Encouraging all personnel to act according to the corporate
        sesuai dengan koridor nilai dan budaya Perusahaan yang              values and culture to make the Company's management
        telah ditetapkan guna menjamin efektivitas proses                   process goes more effective and make the decision-making
        pengelolaan Perseroan serta keadilan dan transparansi               process goes fairly and transparently;
        proses pengambilan keputusan;
    2. Menunjang terciptanya keseimbangan hubungan antara                2. Creating a balanced relationship between GMF
        GMF dengan pemangku kepentingan, yang meliputi                      and stakeholders, including Shareholders, Board of
        Pemegang Saham, Dewan Komisaris, Direksi, karyawan,                 Commissioners, Board of Directors, employees, customers,
        pelanggan, pemasok, dan pihak eksternal sehingga tercipta           suppliers, and external parties to clarify their functions and
        kejelasan fungsi dan peran masing-masing dan menjamin               roles and ensure accountable business;
        keberlangsungan usaha yang akuntabel;
    3. Membangun terwujudnya citra positif GMF serta                     3. Building a positive image of GMF and increasing public
        meningkatkan kepercayaan publik sebagai entitas bisnis              image on GMF as an ethical and responsible business entity
        yang beretika dan bertanggung jawab (good corporate                 (good corporate citizenship);
        citizenship);
    4. Mendorong peningkatan nilai dan daya saing GMF di tingkat         4. Increasing the level of values and competitiveness of GMF
        nasional maupun internasional;                                      at the national and international levels;
    5. Membangun dan mengokohkan landasan kelangsungan                   5. Building and strengthening the foundation of GMF to
        usaha GMF dalam jangka panjang.                                     generate a long-term business continuity.



    PRINSIP DAN DASAR HUKUM                                              BASIC PRINCIPLES AND LEGAL
    PENERAPAN GCG                                                        BASIS OF GCG IMPLEMENTATION

    PRINSIP DASAR DAN PERKEMBANGANNYA                                    BASIC PRINCIPLES

    Perseroan mengacu pada lima prinsip dasar penerapan GCG              The Company refers to five basic principles of GCG
    yaitu: transparansi, akuntabilitas, responsibilitas, independensi,   implementation, namely: transparency, accountability,
    dan kesetaraan serta kewajaran (TARIF), sebagaimana telah            responsibility, independence, as well as equity and fairness
    dirilis dalam Pedoman Umum Good Corporate Governance                 (TARIF), which outlined in the General Guidelines for Good
    yang dikeluarkan oleh Peraturan Menteri BUMN Nomor PER-2/            Corporate Governance issued by the National Governance
    MBU/03/2023, Komite Nasional Kebijakan Governance (KNKG)             Policy Committee (KNKG) and the GCG Roadmap by OJK.
    serta Roadmap GCG oleh OJK.




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                                                           Prinsip Penerapan GCG – TARIF
                                                          Principles of GCG Implementation – TARIF


                                                                                                                              Kesetaraan dan
            Transparansi                 Akuntabilitas             Pertanggungjawaban                Kemandirian                Kewajaran
            Transparency                 Accountability                Responsibility                Independency
                                                                                                                              Equity and Fairness


        • GMF menyediakan             • GMF memiliki               • GMF menerapkan           • GMF mengambil              • GMF menjamin
          informasi yang                struktur organ               kehati-hatian dan          keputusan bisnis             perlakuan yang adil dan
          relevan, akurat,              GCG yang memiliki            patuh terhadap             tanpa intervensi             setara dalam memenuhi
          dan tepat waktu               kejelasan fungsi             perundang-                 dari pihak manapun           hak pemegang saham
          kepada pemegang               dan berperan                 undangan sebagai           untuk menghindari            dan seluruh pemangku
          saham         dan             dalam menjamin               bentuk tanggung            b e n t u r a n              kepentingan sesuai
          seluruh pemangku              efektivitas kinerja          jawab terhadap             kepentingan dengan           dengan peraturan
          kepentingan.                  Perseroan.                   keberlangsungan            lingkup organ                perundang-undangan
        • GMF provides the            • GMF has a clear              usaha.                     Perseroan.                   dan Kode Etik
          information that is           function of GCG            • GMF acts prudently       • GMF        takes             Perseroan.
          relevant, accurate,           bodies that play             and complies with          decision without           • GMF guarantees fair
          and punctual to               a role in assuring           the regulations            the intervention             and equal treatment
          shareholders and              the effectiveness            as a form of               of any party to              to fulfill the authorities
          all stakeholders.             of the Company’s             responsibility             avoid conflict of            of shareholders and all
                                        performance.                 on business                interest among the           stakeholders according
                                                                     sustainability.            Company’s bodies.            to the legislations and
                                                                                                                             Code of Conduct.




   Dalam perkembangannya, GMF berupaya meningkatkan                              In its evolution, GMF strives to enhance the implementation
   penerapan GCG dengan mengadopsi ketentuan terbaru. Komite                     of Good Corporate Governance (GCG) by embracing the latest
   Nasional Kebijakan Tata Kelola Perusahaan (KNKG) pada                         provisions. In 2021, the National Committee for Corporate
   tahun 2021 telah merilis istilah baru dari tata kelola menjadi                Governance Policy (KNKG) introduced a new term of corporate
   governansi korporat untuk memperluas penerapannya sehingga                    governance aiming to broaden its application to cover a wider
   mencakup pemangku kepentingan yang lebih luas. Informasi ini                  array of stakeholders. This update was incorporated into the
   telah dimuat dalam buku Pedoman Umum Governansi Korporat                      2021 General Guidelines for Indonesian Corporate Governance
   Indonesia (PUGKI) 2021.                                                       (PUGKI).

   Prinsip-prinsip dalam PUGKI, beserta rekomendasi dan panduan                  The principles in PUGKI, along with the recommendations
   di dalamnya dijiwai oleh empat pilar governansi korporat yaitu:               and guidelines are inspired by the four pillars of corporate
   perilaku beretika, akuntabilitas, transparansi, dan keberlanjutan.            governance, namely ethical conduct, accountability,
   Tercerminnya empat pilar dalam prinsip-prinsip governansi                     transparency and sustainability. These four pillars are reflected
   korporat Indonesia akan mendorong terciptanya nilai korporasi                 in Indonesia's corporate governance principles will serve for
   dalam jangka panjang. Keempat pilar governansi korporat                       the creation of long-term corporate value. The four pillars
   merupakan pengembangan dari nilai dasar sebelumnya, yaitu                     of corporate governance are a continuation of the previous
   TARIF, yang terakhir digunakan pada PUGKI 2021.                               principles of TARIF which lastly used in the 2019 edition of
                                                                                 PUGKI.


                                                           Prinsip Penerapan GCG – PUGKI
                                                          Principles of GCG Implementation – PUGKI

    Perilaku Beretika            1.     GMF senantiasa mengedepankan kejujuran, memperlakukan semua pihak dengan hormat (respect), memenuhi
    Ethical Conduct                     komitmen, membangun serta menjaga nilai-nilai moral dan kepercayaan secara konsisten.
                                 2.     GMF memperhatikan kepentingan pemegang saham dan pemangku kepentingan lainnya berdasarkan asas
                                        kewajaran dan kesetaraan (fairness) dan dikelola secara independen sehingga masing-masing organ Perseroan
                                        tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lain.
                                 1.     In its operations, GMF consistently prioritizes honesty, treats all parties with respect, fulfills commitments,
                                        and upholds moral values and trust consistently.
                                 2.     GMF also emphasizes shareholder and stakeholder interests, adhering to principles of fairness and equality,
                                        independently managed to ensure that no corporate organ dominates over others and remains free from
                                        external intervention.




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                                                     Prinsip Penerapan GCG – PUGKI
                                                   Principles of GCG Implementation – PUGKI

     Akuntabilitas             1.   GMF dapat mempertanggungjawabkan kinerjanya secara transparan dan wajar dengan mengelola Perseroan
     Accountability                 secara benar, terukur dan sesuai dengan kepentingan korporat dengan tetap memperhitungkan kepentingan
                                    pemegang saham dan pemangku kepentingan.
                               2.   GMF menjadikan prinsip akuntabilitas sebagai prasyarat yang diperlukan untuk mencapai kinerja yang
                                    berkelanjutan.
                               1.   GMF is being transparent and fair in being accountable for its performance, thus committed in managing
                                    the Company correctly, measurably, and in alignment with corporate interests, while also considering the
                                    interests of shareholders and stakeholders.
                               2.   GMF treats accountability as a necessary requirement for achieving sustainable performance.

     Transparansi              1.   GMF menjaga objektivitas dalam menjalankan bisnis dengan menyediakan informasi yang material, relevan,
     Transparency                   serta mudah diakses dan dipahami oleh pemangku kepentingan.
                               2.   GMF mengambil inisiatif untuk mengungkapkan tidak hanya masalah yang disyaratkan oleh peraturan
                                    perundang-undangan, tetapi juga hal yang penting untuk pengambilan keputusan oleh pemegang saham,
                                    kreditur dan pemangku kepentingan lainnya.
                               1.   GMF maintains objectivity in business operations, ensuring the provision of material and relevant information
                                    in a manner that is easily accessible and comprehensible to stakeholders.
                               2.   GMF takes the initiative to disclose not only the issues required by statutory regulations but also matters
                                    crucial for decision-making by shareholders, creditors, and other stakeholders.

     Keberlanjutan             GMF mematuhi peraturan perundang-undangan serta berkomitmen melaksanakan tanggung jawab terhadap
     Sustainability            masyarakat dan lingkungan agar berkontribusi pada pembangunan berkelanjutan melalui kerja sama dengan
                               semua pemangku kepentingan terkait untuk meningkatkan kehidupan mereka dengan cara yang selaras dengan
                               kepentingan bisnis dan agenda pembangunan berkelanjutan.
                               GMF complies with statutory regulations and is committed to fulfilling its responsibilities towards society and
                               the environment to contribute to sustainable development by collaborating with all relevant stakeholders to
                               enhance their well-being in a manner aligned with both business interests and the sustainable development agenda.



    Dasar Hukum Penerapan GCG                                              Legal Basis of GCG Implementation
    Wujud penerapan GCG senantiasa didasari oleh dasar hukum               The implementation of GCG is always based on a strong and
    yang berlaku, antara lain sebagai berikut:                             structured legal basis, among others as follows:
    1. Undang-Undang No. 40 Tahun 2007 tentang Perseroan                   1. Law No. 40 of 2007 concerning Limited Liability Companies;
       Terbatas;
    2. Undang-Undang No. 8 Tahun 1995 tentang Pasar Modal;                 2. Law No. 8 of 1995 concerning Capital Markets;
    3. Peraturan Menteri Negara Badan Usaha Milik (BUMN)                   3. Regulation of the Minister of State-Owned Enterprises
       Negara No. PER-02/MBU/03/2023 tentang Pedoman tata                      (SOEs) No. PER-02/MBU/03/2023 on Guidelines for
       Kelola dan Kegiatan Korporasi Signifikan Badan Usaha                    Governance and Significant Corporate Activities of State-
       Milik Negara;                                                           Owned Enterprises;
    4. Peraturan Menteri Negeri BUMN No. PER-12/MBU/2012                   4. Regulation of the Minister of State-Owned Enterprises No.
       tentang Organ Pendukung Dewan Komisaris/Dewan                           PER-12/MBU/2012 on Supporting Organs of the Board of
       Pengawas BUMN;                                                          Commissioners/Supervisory Board of SOEs;
    5. Peraturan Menteri Negeri BUMN No. PER-03/MBU/2012                   5. SOE Ministerial Regulation No. PER-03/MBU/2012 on
       tentang Pedoman Pengangkatan Anggota Direksi dan                        Guidelines for the Appointment of Members of the Board
       Anggota Dewan Komisaris Anak Perusahaan BUMN;                           of Directors and Members of the Board of Commissioners
                                                                               of SOE Subsidiaries;
    6. Peraturan Otoritas Jasa Keuangan No. 21/POJK.04/2015                6. Financial Services Authority Regulation No. 21/
        tentang Penerapan Pedoman Tata Kelola Perusahaan                       POJK.04/2015 on the Implementation of Public Company
        Terbuka;                                                               Governance Guidelines;
    7. Surat Edaran Otoritas Jasa Keuangan No.32/                          7. Circular Letter of Financial Services Authority No.32/
        SEOJK.04/2015 tentang Pedoman Tata Kelola Perusahaan                   SEOJK.04/2015 on Guidelines for Public Company
        Terbuka;                                                               Governance;
    8. Pedoman Tata Kelola Perusahaan yang Baik oleh Komite                8. Guidelines for Good Corporate Governance by the National
        Nasional Kebijakan Governance (KNKG) Tahun 2021;                       Committee on Governance Policy (KNKG) 2006;
    9. ASEAN Corporate Governance Scorecard (ACGS) oleh                    9. ASEAN Corporate Governance Scorecard (ACGS) oleh
        ASEAN Capital Market Forum;                                            ASEAN Capital Market Forum;
    10. Anggaran Dasar Perseroan sesuai Akta Pendirian No. 93              10. Articles of Association of the Company pursuant to Deed
        tanggal 26 April 2002, yang terakhir kali diubah dengan                of Establishment No. 93 dated 26 April 2002, which was
        Akta Pernyataan Keputusan rapat No. 5 tanggal 28 Oktober               last amended by Deed of Meeting Resolution No. 5 dated
        2024.                                                                  October 28, 2024.




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   MANFAAT PENERAPAN GCG                                                    BENEFITS OF IMPLEMENTING GCG

                     Penerapan GCG Mendukung Kinerja Positif dan Operasional Usaha Bebas dari Permasalahan
                    GCG Implementation Supports Positive Business Achievement and Ensures Clean Operations Free from Any Issues
            Jumlah Pendapatan Usaha                       Laba Bersih Tahun Berjalan                              Total Ekuitas
             Total Operating Revenues                         Profit for the Year                                  Total Equity




                   USD                                            USD                                             USD
             421.22
                juta | million
                                                                26.9
                                                               juta | million
                                                                                                            -257.9
                                                                                                               juta | million


     Jumlah Pengaduan Whistleblowing dan
                 Terselesaikan                          Tidak ada Kasus Perkara Hukum                     Jumlah Laporan Gratifikasi
    Number of Incoming Whistleblowing Repot                 Number of Legal Cases                        Number of Gratification Report
                  and Settled



                       5                                                                                              4
   FOKUS PERKEMBANGAN GCG TAHUN 2024                                        FOCUS OF GCG DEVELOPMENT IN 2024

   Sepanjang tahun 2024, Perseroan telah melakukan berbagai                 Throughout 2024, the Company carried out various initiatives to
   kegiatan untuk menginternalisasi dan mengembangkan praktik               internalize and enhance the implementation of GCG practices.
   GCG. Upaya ini mencakup pengembangan berkala yang berguna                These efforts included regular development activities aimed
   untuk memperbarui kapasitas internal untuk menyesuaikan                  at updating internal capacity in line with the latest regulatory
   dengan perkembangan regulasi terkini.                                    developments.

   Perseroan melaksanakan berbagai aktivitas rutin secara tahunan           The Company also conducted a range of annual routine activities,
   mencakup assessment GCG, melakukan sosialisasi implementasi              including GCG assessments, dissemination of GCG implementation
   GCG bagi pegawai baru, sosialisasi larangan penerimaan gratifikasi,      to new employees, awareness campaigns on the prohibition of
   dan menggalakkan praktik WBS melalui WBS Campaign.                       receiving gratuities, and promotion through WBS Campaigns.

   Pada tahun 2024, Perseroan juga melakukan analisa terhadap               In 2024, the Company also conducted an analysis of new
   peraturan baru yang mempengaruhi pedoman serta kebijakan                 regulations that affect the Company’s internal guidelines and
   internal Perseroan.                                                      policies.



   SOSIALISASI DAN PENGUATAN                                                SOCIALIZATION AND ENHANCEMENT
   IMPLEMENTASI GCG                                                         OF GCG IMPLEMENTATION

   Perseroan senantiasa melakukan sosialisasi dan peningkatan               The Company consistently promotes and raises awareness of
   kesadaran prinsip-prinsip GCG secara berkelanjutan kepada                GCG principles on an ongoing basis to all internal and external
   seluruh Pemangku Kepentingan internal dan eksternal. Aktivitas           stakeholders. These efforts include introducing GCG principles
   yang dilakukan salah satunya melalui pengenalan prinsip GCG              during Orientation Training for new employees, disseminating
   pada Orientation Training untuk pegawai baru, penyebaran                 GCG information through posters and pamphlets displayed
   informasi GCG melalui poster, pamphlet, yang dipasang di                 within the Company’s premises, sending emails to all employees,
   lingkungan Perseroan, pengiriman e-mail kepada seluruh                   producing WBS & Gratification videos uploaded to GMF’s
   karyawan Perseroan, serta pembuatan video WBS & Gratifikasi              social media, and playing WBS videos in GMF’s work areas.
   yang diunggah pada media sosial GMF, pemutaran video WBS                 The Company also publishes articles and news related to the
   pada area kerja GMF. Perseroan juga mencantumkan artikel                 implementation of GCG principles through its official media,
   dan berita mengenai penerapan prinsip GCG pada media resmi               such as the Company magazine and website.
   Perseroan, seperti majalah dan website Perseroan.


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                                                                                                                                                Tata Kelola Perusahaan
                                                                                                                                                 Corporate Governance




                                                               Struktur Tata Kelola Perseroan
                                                                          The Company’s Governance Structure


    Penerapan prinsip-prinsip GCG di GMF terdiri dari dua aspek                            The application of GCG principles at GMF consists of two main
    utama, yaitu Struktur Tata Kelola atau Governance Structure,                           aspects: the Governance Structure and the Governance Process.
    serta Proses Tata Kelola atau Governance Process. Kedua aspek                          These two aspects influence each other to provide governance
    ini saling mempengaruhi satu sama lain untuk memberikan Hasil                          outcomes according to the Company’s expectations and all
    Tata Kelola atau Governance Outcome sesuai dengan harapan                              stakeholders.
    Perseroan dan seluruh pemangku kepentingan.

    GMF memiliki 3 (tiga) organ utama yaitu Rapat Umum Pemegang                            GMF has 3 (three) main organs: the General Meeting of
    Saham (RUPS) yang mengakomodasi kepentingan pemegang                                   Shareholders (GMS), which accommodates the interests
    saham, Direksi yang mengelola Perseroan, dan Dewan Komisaris                           of shareholders; the Board of Directors, which manages
    yang melakukan pengawasan terhadap pengelolaan Perseroan.                              the Company; and the Board of Commissioners, which
    Dewan Komisaris dan Direksi memiliki tanggung jawab untuk                              supervises the Company’s management activities. The Board
    memelihara kesinambungan usaha dalam jangka panjang                                    of Commissioners and the Board of Directors are responsible
    sehingga penting bagi kedua organ tersebut untuk memiliki                              for maintaining long-term business continuity; therefore, the
    kesamaan persepsi terhadap visi, misi, dan nilai-nilai GMF.                            two bodies need to have the same perception of GMF’s vision,
                                                                                           mission, and values.

    Perseroan telah menunjuk Direktur Utama sebagai penanggung                             The Company has appointed the President Director as
    jawab dalam penerapan GCG yang dalam pelaksanaannya                                    the person in charge of GCG implementation, which in its
    dijalankan oleh Divisi Corporate Secretary & Legal yang                                implementation is carried out by the Corporate Secretary
    secara struktur organisasi berada di bawah Direktur Utama                              & Legal Division, which is structurally under the President
    sebagaimana ditetapkan dalam Surat Keputusan Direktur                                  Director as stipulated in the CEO Decree No.DT/SKEP-5015/24
    Utama No.DT/SKEP-5015/24 tentang Organisasi Induk PT                                   concerning Parent Organisation of PT Garuda Maintenance
    Garuda Maintenance Facility Aero Asia Tbk.                                             Facility Aero Asia Tbk.

                                                                      Struktur Tata Kelola Perusahaan
                                                                          Corporate Governance Structure



                                                                                         RUPS | GMS




                                                       Dewan Komisaris                                                 Direksi
                                                     Board of Commissioners                                       Board of Directors




                  Sekretaris Dewan Komisaris
                    Secretary of the Board of                                             Sekretaris Perusahaan                          Unit Internal Audit
                        Commissioners                                                      Corporate Secretary                           Internal Audit Unit




                                                  Komite Audit dan Kebijakan                Unit Financial &                           Unit Lain Organ Perseroan
                                                    Corporate Governance                 Management Accounting                               Other Units of
                                                Audit Governance and Corporate                                                           The CompanyOrgans
                                                       Governance Policy



                                            Komite Pengembangan Usaha dan
                                                  Pemantauan Risiko
                                             Business Development and Risk
                                                 Monitoring Committee


                                            Komite Nominasi dan Remunerasi
                                             Nomination and Remuneration
                                                     Committee




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  Perseroan memiliki berbagai kebijakan atau soft structure         The Company has various GCG policies or soft structures as
  GCG sebagai berikut. Kebijakan-kebijakan ini telah diterbitkan    follows. These policies are available on the Company's website
  dalam situs website Perseroan yaitu www.gmf-Aero Asia.co.id.      at www.gmf-Aero Asia.co.id.
  1. Anggaran Dasar Perusahaan;                                     1. Articles of Association;
  2. Pedoman Tata Kelola Perusahaan (GCG Code);                     2. Corporate Governance Guidelines (GCG Code);
  3. Pedoman Perilaku (Code of Conduct);                            3. Code of Conduct;
  4. Pedoman Direksi dan Dewan Komisaris;                           4. Guidelines for the Board of Directors and the Board of
                                                                        Commissioners;
  5. Piagam Komite (Committee Charter);                             5. Committee Charter;
  6. Piagam Audit Internal (Internal Audit Charter);                6. Internal Audit Charter;
  7. Kebijakan Internal Audit;                                      7. Internal Audit Policy;
  8. Kebijakan Manajemen Risiko;                                    8. Risk Management Policy;
  9. Kebijakan Pengendalian Internal;                               9. Internal Control Policy;
  10. Pengendalian Gratifikasi;                                     10. Gratification Control;
  11. Kebijakan Whistleblowing System;                              11. Whistleblowing System Policy;
  12. Kebijakan Pengadaan Barang dan Jasa.                          12. Procurement Policy.

  STRUKTUR TATA KELOLA                                              SUSTAINABILITY GOVERNANCE
  KEBERLANJUTAN [OJK E.1, GRI 2-9]                                  STRUCTURE [OJK E.1, GRI 2-9]

  Direksi bertanggung jawab terhadap pengelolaan dan                The Board of Directors is responsible for managing and
  pemantauan isu-isu terkait ekonomi, lingkungan hidup, dan         monitoring material economic, environmental, and social
  sosial yang material. Sampai dengan akhir periode pelaporan,      issues. Until the end of the reporting period, the Company
  Perseroan tidak menunjuk pejabat khusus ataupun membentuk         did not appoint special officials or form special committees
  komite khusus yang bertanggung jawab terhadap keberlanjutan.      responsible for sustainability. Sustainability management was
  Pengelolaan keberlanjutan dilakukan bersama-sama seluruh          carried out jointly with all Directors and supporting work units,
  Direktur dan unit kerja pendukung, sesuai tugas dan tanggung      in accordance with their respective duties and responsibilities.
  jawab masing-masing.

  GMF telah membentuk Unit Corporate Communication & CSR di         GMF has formed a Corporate Communication & CSR Unit
  dalam struktur Corporate Secretary & Legal yang bertanggung       within the Corporate Secretary & Legal structure, which is
  jawab secara khusus untuk menangani pelaksanaan kegiatan          specifically responsible for handling the implementation of TJSL
  TJSL di Perseroan. Unit ini dipimpin oleh seorang Senior          (or “CSR”) activities in the Company. This unit is led by a Senior
  Manager yang bertanggung jawab kepada VP Corporate                Manager who reports to the VP Corporate Secretary & Legal.
  Secretary & Legal. Perseroan juga memiliki unit lain untuk        The Company also has another unit with specific task to manage
  mengelola kegiatan sosial secara khusus yang mencakup bidang      social activities covering the environmental and health sectors,
  lingkungan dan kesehatan yaitu unit Quality, Health, Safety and   namely the Quality, Health, Safety, and Environment (QHSE)
  Environment (QHSE), yang berada di bawah Dinas Corporate          unit, which falls under the Corporate Affairs & HSE Service.
  Affairs & HSE.



  KEBIJAKAN PEMISAHAN CHAIRMAN                                      SEPARATION POLICY OF CHAIRMAN
  OF THE BOARD DAN CEO [ESG G-03]                                   OF THE BOARD AND CEO [ESG G-03]

  Perseroan menerapkan sistem tata kelola dua badan (two-           The Company implements a two-tier governance system that
  tier) yang memisahkan peran pengawasan untuk badan non-           separates the oversight role for the non-executive body and the
  eksekutif dan peran pengelolaan untuk badan eksekutif. Badan      management role for the executive body. The non-executive
  non-eksekutif yaitu Dewan Komisaris, dipimpin oleh Komisaris      body, the Board of Commissioners, is led by the President
  Utama, dan badan eksekutif adalah Direksi, dipimpin oleh          Commissioner, while the executive body, the Board of Directors,
  Direktur Utama (berperan sebagai CEO). Ketentuan ini telah        is led by the President Director (who acts as the CEO). This
  ditetapkan dalam Pedoman Tata Kelola dan Anggaran Dasar           policy has been established in Corporate Governance Guideline
  Perseroan.                                                        and Articles of Association.




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                                                                                                              Tata Kelola Perusahaan
                                                                                                               Corporate Governance




                                                  Hasil Tata Kelola: Evaluasi,
                                               Pemantauan, dan Peningkatan
    Governance Results: Evaluation, Monitoring, and Improvement

    Perseroan memiliki mekanisme assessment atau penilaian            The Company has a periodic assessment mechanism for its GCG
    penerapan GCG yang dilakukan secara berkala melalui metode        implementation through the following methods:
    berikut:
    1. Penilaian Penerapan GCG berlandaskan Pedoman Umum              1. Assessment of GCG Implementation based on General
        Governansi Korporat Indonesia 2021 (“PUGKI 2021”);               Guideline Corporate Governance 2021 (“PUGKI 2021”);
    2. Penilaian Penerapan GCG Berdasarkan Parameter POJK             2. Assessment of GCG Implementation Based on POJK
        No.21/POJK.04/2015 tentang Penerapan Pedoman                     Parameters No. 21/POJK.04/2015 concerning
        Tata Kelola Perusahaan Terbuka dan SEOJK No.32/                  Implementation of Public Company Governance Guidelines
        SEOJK.04/2015 tentang Pedoman Tata Kelola Perusahaan             and SEOJK No. 32/SEOJK.04/2015 concerning Public
        Terbuka;                                                         Company Governance Guidelines;
    3. Penilaian Penerapan GCG berlandaskan ASEAN Corporate           3. Assessment of GCG Implementation based on ASEAN
        Governance Scorecard (“ACGS”).                                   Corporate Governance Scorecard (“ACGS”).

    GMF tidak melakukan penilaian penerapan GCG berdasarkan           GMF did not conduct a GCG implementation assessment based
    pendekatan BUMN pada tahun buku 2024 sehubungan dengan            on the SOE approach for the 2024 fiscal year, in connection with
    telah dicabutnya Keputusan Sekretaris Kementerian Badan           the revocation of the Decree of the Secretary of the Ministry of
    Usaha Milik Negara Republik Indonesia Nomor SK-16/S.              State-Owned Enterprises of the Republic of Indonesia Number
    MBU/2012 tentang Indikator/Parameter Penilaian dan Evaluasi       SK-16/S.MBU/2012 concerning Indicators/Parameters for the
    Atas Penerapan Tata Kelola Perusahaan yang Baik pada Badan        Assessment and Evaluation of Good Corporate Governance
    Usaha Milik Negara dan hingga saat ini belum terdapat indikator   Implementation in State-Owned Enterprises and currently,
    baru sebagai dasar kriteria penilaian penerapan GCG tahun         no new indicators have been issued as the basis for GCG
    buku 2024.                                                        implementation assessment criteria for the 2024 fiscal year.



    PENILAIAN PENERAPAN GCG                                           ASSESSMENT OF GCG IMPLEMENTATION
    BERLANDASKAN ASEAN CORPORATE                                      BY ASEAN CORPORATE
    GOVERNANCE SCORECARD                                              GOVERNANCE SCORECARD

    Perseroan menggunakan kriteria ASEAN Corporate Governance         The Company adopts the ASEAN Corporate Governance
    Scorecard sebagai parameter penilaian penerapan GCG untuk         Scorecard criteria as the parameter for assessing GCG
    memperkokoh akuntabilitas GMF sebagai entitas usaha bertaraf      implementation, in order to strengthen GMF’s accountability
    global.                                                           as a globally recognized business entity.




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                       Aspek Pengujian                                                                                      2023
                                                                                   2024
                      Assessment Aspect
    Prinsip A: Hak-hak dan Perlakuan yang Adil terhadap          16,80                                     Assessment tahun 2023 tidak
    Para Pemegang Saham                                                                                    menggunakan parameter ASEAN
    Principle A: Rights and Equitable Treatment of                                                         Corporate Governance Scorecard
    Shareholders
                                                                                                           The Assessment in 2023 did not use the
    Prinsip B: Keberlanjutan dan Ketahanan                       13.64
                                                                                                           parameter of ASEAN Corporate Governance
    Principle B: Sustainability and Resilience
                                                                                                           Scorecard
    Prinsip C: Pengungkapan dan Transparansi                     22.73
    Principle C: Disclosure and Transparency
    Prinsip D: Tanggung Jawab Dewan                              39,32
    Principle D: Responsibilities of the Board
    Bonus                                                        12.06
    Bonus
    Penalti                                                      -
    Penalty
    Skor Keseluruhan                                             104,54
    Overall Score
    Kualifikasi Kualitas Penerapan GCG                           Pemimpin dalam Tata Kelola Perusahaan
    Qualification of GCG Implementation Quality                  Leadership in Corporate Governance


                                 Kriteria                            Status                   Penjelasan (per 31 Desember 2024)
     No.                         Criteria                            Status                  Explanation (as of December 31 2024)

    A.        Hak-hak dan Perlakuan yang Adil terhadap Para Pemegang Saham
              Rights and Equitable Treatment of Shareholders

     A.1      Hak-hak Dasar Para Pemegang Saham                       ✓
              Basic shareholders rights
     A.2      Hak untuk berpartisipasi secara efektif                  X      Memastikan Perusahaan untuk mempublikasikan hasil keputusan RUPS
              dan memberikan suara dalam Rapat Umum                           Tahunan dan RUPS Luar Biasa dalam 1 (satu) hari kerja dari tanggal
              Pemegang Saham dan harus diberitahukan                          pelaksanaan RUPS tahunan tersebut.
              terlebih dahulu tentang peraturan, termasuk                     Ensuring the Company publishes the resolutions of the Annual AGMS
              prosedur pemungutan suara, yang mengatur                        and Extraordinary GMS within one (1) working day from the date of the
              Rapat Umum Pemegang Saham.                                      respective AGMS.
              Right to participate effectively in and vote in
              general shareholders meetings and should
              be informed of the rules, including voting
              procedures, that govern general
              Shareholder meetings.
     A.3      Pasar untuk pengendalian Perusahaan harus               ✓
              diizinkan untuk berfungsi dengan cara yang
              efisien dan transparan
              Markets for corporate control should be
              allowed to function in an efficient and
              transparent manner
     A.4      Pelaksanaan hak kepemilikan oleh seluruh                ✓
              pemegang saham, termasuk investor institusi,
              harus difasilitasi
              The exercise of ownership rights by all
              shareholders, including institutional investors,
              should be facilitated
     A.5      Saham dan hak suara                                     ✓
              Share and voting rights




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                                                                                                                          Tata Kelola Perusahaan
                                                                                                                           Corporate Governance




                                 Kriteria                        Status                    Penjelasan (per 31 Desember 2024)
      No.                        Criteria                        Status                   Explanation (as of December 31 2024)
       A.6    Pemberitahuan RUPS                                   X      •   Mencantumkan dalam Pemanggilan RUPS mengenai profil/Curriculum
              Notice of AGM                                                   Vitae calon anggota Direksi dan Dewan Komisaris yang akan diangkat
                                                                              kembali (bila ada).
                                                                          •   Mencantumkan dalam Pemanggilan RUPS secara rinci mengenai
                                                                              penunjukan dan/atau penunjukan kembali KAP, dengan menyebutkan
                                                                              nama KAP, nama auditor, serta alasan penunjukan kembali.
                                                                          •   Included in the GMS Invitation the profile/Curriculum Vitae of
                                                                              candidates for the Board of Directors and Board of Commissioners
                                                                              who will be reappointed (if any).
                                                                          •   Included in the GMS Invitation regarding the appointment and/or
                                                                              reappointment of the Public Accounting Firm (KAP), including the
                                                                              name of the KAP, the name of the auditor, and the reason for the
                                                                              reappointment.
       A.7    Transaksi orang dalam dan penyalahgunaan             X      Melengkapi Pedoman Dewan Komisaris dengan ketentuan terkait dengan
              perdagangan sendiri harus dilarang                          kewajiban Dewan Komisaris melaporkan transaksi saham Perseroan dalam
              Insider trading and abusive self-dealing should             waktu 3 (tiga) hari kerja.
              be prohibited                                               Completing the Board of Commissioners Charter with provisions related
                                                                          to the obligation of the Board of Commissioners to report the Company’s
                                                                          share transactions within 3 (three) working days.
       A.8    Transaksi Pihak Terkait oleh Direktur dan           ✓
              Eksekutif Kunci.
              Related-party transactions by Directors and
              key executives
       A.9    Melindungi Pemegang Saham Minoritas dari            ✓
              tindakan-tindakan yang menyimpang
              Protecting minority shareholders from abusive
              actions

     B.       Keberlanjutan dan Ketahanan
              Sustainability and Resilience

       B.1    Pengungkapan yang berkaitan dengan                   X      •   Mengungkapkan target keberlanjutan secara kuantitatif dalam Laporan
              keberlanjutan harus konsisten, dapat                            Tahunan.
              dibandingkan, dan andal serta mencakup                      •   Mengungkapkan kemajuan kinerja yang berkaitan dengan
              informasi material yang retrospektif dan                        keberlanjutan terkait dengan target yang telah ditetapkan sebelumnya
              prospektif yang dianggap penting oleh investor                  dalam Laporan Tahunan.
              yang wajar dalam pengambilan keputusan                      •   Disclosing sustainability targets quantitatively in the Annual Report.
              investasi atau pemungutan suara                             •   Disclosing performance progress related to sustainability in connection
              Sustainability-related disclosure should be                     with previously established targets in the Annual Report.
              consistent, comparable and reliable, and include
              retrospective and forward-looking material
              information that a reasonable investor would
              consider important in making an investment
              or voting decision
       B.2    Kerangka kerja tata kelola Perusahaan               ✓
              seharusnya memungkinkan dialog antara
              Perusahaan, para pemegang saham, dan
              pemangku kepentingan untuk bertukar
              pandangan mengenai masalah keberlanjutan
              Corporate governance frameworks should
              allow for dialogue between a company, its
              shareholders and stakeholders to exchange
              views on sustainability matters




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                               Kriteria                          Status    Penjelasan (per 31 Desember 2024)
     No.                       Criteria                          Status   Explanation (as of December 31 2024)
     B.3   Kerangka kerja tata kelola Perusahaan harus            ✓
           memastikan bahwa Dewan mempertimbangkan
           dengan memadai risiko dan peluang
           keberlanjutan yang material saat
           menjalankan fungsi utama mereka dalam
           meninjau, memantau, dan membimbing
           praktik tata kelola, pengungkapan, strategi,
           manajemen risiko, dan sistem pengendalian
           internal, termasuk dalam hal risiko fisik dan
           transisi terkait iklim
           The corporate governance framework should
           ensure that boards adequately consider
           material sustainability risks and opportunities
           when fulfilling their key functions in reviewing,
           monitoring and guiding governance practices,
           disclosure, strategy, risk management and
           internal control systems, including with respect
           to climate-related physical and transition risks
     B.4   Kerangka kerja tata kelola Perusahaan harus            ✓
           mengakui hak-hak pemangku kepentingan
           yang ditetapkan oleh hukum atau melalui
           kesepakatan bersama dan mendorong kerja
           sama aktif antara Perusahaan dan pemangku
           kepentingan dalam menciptakan kekayaan,
           lapangan kerja, dan keberlanjutan Perusahaan
           yang sehat secara finansial
           The corporate governance framework should
           recognise the rights of stakeholders established
           by law or through mutual agreements and
           encourage active cooperation between
           corporations and stakeholders in creating
           wealth, jobs, and the sustainability of financially
           sound enterprises
     B.5   Di mana kepentingan pemangku kepentingan               ✓
           dilindungi oleh hukum, pemangku kepentingan
           harus memiliki kesempatan untuk mendapatkan
           ganti rugi yang efektif atas pelanggaran hak-
           hak mereka
           Where stakeholder interests are protected by
           law, stakeholders should have the opportunity
           to obtain effective redress for violation of their
           rights
     B.6   Mekanisme partisipasi karyawan harus                   ✓
           diizinkan untuk dikembangkan
           Mechanisms for employee participation should
           be permitted to develop
     B.7   Pihak-pihak yang terlibat termasuk karyawan            ✓
           individu dan badan perwakilan mereka,
           harus dapat secara bebas menyampaikan
           kekhawatiran mereka tentang praktik ilegal
           atau tidak etis kepada Direksi dan hak-hak
           mereka tidak boleh dikorbankan untuk
           melakukan hal ini
           Stakeholders including individual employee and
           their representative bodies, should be able to
           freely communicate their concerns about illegal
           or unethical practices to the Board and their
           rights should not be compromised for doing this




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                                                                                                                            Corporate Governance




                                  Kriteria                         Status                    Penjelasan (per 31 Desember 2024)
      No.                         Criteria                         Status                   Explanation (as of December 31 2024)

     C.       Pengungkapan dan Transparansi
              Disclosure and Transparency

       C.1    Transparansi Struktur kepemilikan                     ✓       -
              Transparent ownership structure
       C.2    Kualitas Laporan Tahunan                              ✓       -
              Quality of Annual Report
       C.3    Remunerasi Anggota Dewan Komisaris dan                ✓
              Direksi
              Remuneration of Members of the Board and
              Key Executives
       C.4    Pengungkapan Transaksi Pihak Berelasi                 ✓
              Disclosure of Related-Party Transactions (RPT)
       C.5    Direktur dan Komisaris yang melakukan                  X      Mengungkapkan perdagangan saham Perusahaan yang dilakukan oleh
              transaksi dengan saham Perusahaan                             Orang Dalam di dalam Laporan Tahunan (jika ada) atau menegaskan bila
              Directors and Commissioners dealings in shares                memang tidak terdapat transaksi yang dimaksud.
              of the Company                                                Disclosing the Company's share transactions conducted by insiders in the
                                                                            Annual Report (if any) or confirming that no such transactions occurred.
       C.6    Auditor Eksternal dan Laporan Auditor                 ✓
              External Auditor and Auditor Report
       C.7    Media Komunikasi                                      ✓
              Medium of communications
       C.8    Pengarsipan/rilis laporan tahunan/keuangan             X      Menerbitkan Laporan Tahunan Perusahaan dalam jangka waktu 120 hari
              tepat waktu                                                   sejak akhir tahun buku.
              Timely filling/release of annual/financial reports            Issuing the Company’s Annual Report within 120 days from the end of
                                                                            the fiscal year.
       C.9    Situs Web Perusahaan                                   X      Memublikasikan materi yang diberikan dalam briefing (pengarahan) kepada
              Company Website                                               analis dan media pada situs web Perusahaan.
                                                                            Publishing the materials presented in briefings to analysts and the media
                                                                            on the Company’s website.
      C.10    Hubungan Investor                                     ✓
              Investor Relations

     D.       Tanggung Jawab Dewan
              Responsibilities of the Board

       D.1    Tugas dan Tanggung Jawab Dewan                        ✓
              Board Duties and Responsibilities
       D.2    Struktur Dewan                                         X      Menyesuaikan komposisi Komite Audit agar terdiri dari Komisaris secara
              Board Structure                                               menyeluruh dan mayoritas adalah Komisaris Independen.
                                                                            Adjusting the composition of the Audit Committee to consist entirely of
                                                                            Commissioners, with the majority being Independent Commissioners.
       D.3    Proses-Proses Dewan                                   ✓
              Board Processes
       D.4    Posisi Dewan                                          ✓
              People on the Board
       D.5    Kinerja Dewan                                         ✓
              Board Performance




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   PENERAPAN ATAS PEDOMAN                                               COMPLIANCE WITH GUIDELINE
   TATA KELOLA PERUSAHAAN                                               OF GOVERNANCE FOR PUBLIC
   TERBUKA: KESESUAIAN TERHADAP                                         COMPANIES: COMPLIANCE WITH
   SEOJK NO. 32/SEOJK.04/2015                                           SEOJK NO. 32/SEOJK.04/2015

   GMF, sebagai perusahaan terbuka, telah melaksanakan seluruh          GMF, as a public company, has implemented all regulations
   peraturan yang dikeluarkan OJK dan akan terus berupaya               issued by OJK and will continue to strive for improvement
   melakukan perbaikan untuk menciptakan nilai tambah bagi              to create added value for shareholders and stakeholders. In
   pemegang saham dan pemangku kepentingan. Khususnya                   particular, the guidelines for Public Company Governance are
   terkait pedoman Tata Kelola Perusahaan Terbuka yang diatur           regulated under OJK Regulation No. 21/POJK.04/2015 dated
   berdasarkan Peraturan OJK No. 21/POJK.04/2015 tanggal                16 November 2015 on the Implementation of Public Company
   16 November 2015 tentang Penerapan Pedoman Tata Kelola               Governance Guidelines, which is elaborated in OJK Circular
   Perusahaan Terbuka, yang dijabarkan dalam Surat Edaran OJK No.       Letter No. 32/SEOJK.04/2015 dated 17 November 2015
   32/SEOJK.04/2015 tanggal 17 November 2015 tentang Pedoman            on Public Company Governance Guidelines. The guidelines,
   Tata Kelola Perusahaan Terbuka. Pedoman tersebut, yang memuat        which contain aspects, principles and recommendations of
   aspek, prinsip dan rekomendasi tata kelola perusahaan yang           good corporate governance, are useful to encourage the
   baik, berguna untuk mendorong penerapan praktik GCG sesuai           implementation of GCG practices in accordance with exemplary
   dengan praktik internasional yang patut diteladani perusahaan        international practices for listed companies. The Company is
   terbuka. Perseroan wajib menerapkan pedoman tersebut, dan            obliged to implement the guideline, and if it has not implemented
   jika belum menerapkannya, Perseroan wajib menjelaskan alasan         it, the Company is obliged to explain the reasons for not
   tidak diterapkannya pedoman tersebut. Pengungkapan penerapan         implementing the guideline. Disclosure of the implementation
   atas rekomendasi dalam pedoman tersebut disampaikan dalam            of the recommendations in the guidelines is submitted in the
   laporan tahunan perusahaan terbuka.                                  annual report of the public company.



   Berdasarkan Surat Edaran OJK No. 32/SEOJK.04/2015                    Based on OJK Circular Letter No. 32/SEOJK.04/2015 as a
   sebagai standar penerapan GCG yang mencakup 5 (lima)                 standard of GCG implementation which includes 5 (five) aspects,
   aspek, 8 (delapan) prinsip dan 25 (dua puluh lima) rekomendasi       8 (eight) principles and 25 (twenty-five) recommendations
   penerapan aspek dan prinsip GCG. Perseroan telah memenuhi            for implementing GCG aspects and principles. The Company
   24 (dua puluh empat) rekomendasi. Rekomendasi ini merupakan          has fulfilled 24 (twenty four) recommendations. These
   standar penerapan aspek dan prinsip GCG yang harus diterapkan        recommendations are the standards for the implementation
   Perseroan. Adapun rekomendasi yang belum memenuhi dan                of GCG aspects and principles that must be implemented by the
   penerapannya di lingkup Perseroan adalah sebagai berikut:            Company. The recommendations that have not been fulfilled
                                                                        and their implementation within the scope of the Company
                                                                        are as follows:


                                                                                                Penjelasan Penerapan di Perseroan
                                   Kriteria                              Rekomendasi
     No.                                                                                      Explanation of Implementation within the
                                   Criteria                             Recommendation
                                                                                                              Company

      I.   Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
           Public Company’s relations with its Shareholders in ensuring their Rights

           Prinsip 1 | Principle 1
           Meningkatkan Nilai Penyelenggaraan RUPS
           Increasing the Value of GMS
     1.1   Perusahaan Terbuka memiliki cara atau prosedur teknis               -                                  -
           pengumpulan suara (voting) baik secara terbuka maupun
           tertutup yang mengedepankan independensi dan
           kepentingan Pemegang Saham.
           The Public Company establishes clear open or closed voting
           methods or procedures that uphold the independence aspect
           and prioritize the interests of shareholders.
     1.2   Seluruh anggota Direksi dan anggota Dewan Komisaris                 -                                  -
           Perusahaan Terbuka hadir dalam Rapat Umum Pemegang
           Saham (RUPS) Tahunan.
           All members of the Board of Directors and the Board of
           Commissioners of the Public Company attend the Annual
           General Meeting of Shareholders (Annual GMS).




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                                                                                                                     Tata Kelola Perusahaan
                                                                                                                      Corporate Governance




                                                                                                     Penjelasan Penerapan di Perseroan
                                       Kriteria                              Rekomendasi
      No.                                                                                          Explanation of Implementation within the
                                       Criteria                             Recommendation
                                                                                                                   Company
       1.3    Ringkasan berita acara RUPS tersedia dalam situs web                  -                                   -
              Perusahaan Terbuka paling sedikit selama 1 (satu) tahun.
              Minutes of GMS is made available on the Public Company’s
              website for at least one (1) year.
              Prinsip 2 | Principle 2
              Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor.
              Improving the Quality of Public Company’s Communications with Shareholders or investors.
       2.1    Perusahaan Terbuka harus memiliki suatu kebijakan                     -                                   -
              komunikasi terbuka dengan Pemegang Saham atau investor.
              The Public Company establishes an open communication
              policy with shareholders or investors.
       2.2    Perusahaan Terbuka mengungkapkan kebijakan komunikasi                 -                                   -
              Perusahaan Terbuka dengan Pemegang Saham atau investor
              dalam situs web.
              The Public Company discloses its web-based communication
              policy with shareholders or investors.

       II.    Fungsi dan Peran Dewan Komisaris
              Functions and Roles of the Board of Commissioners

              Prinsip 3 | Principle 3
              Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
              Strengthening the membership and composition of the Board of Commissioners
       3.1    Penentuan jumlah anggota Dewan Komisaris                              -                                   -
              mempertimbangkan kondisi Perusahaan Terbuka.
              Total members of the Board of Commissioners is determined
              based on the Public Company’s condition.
       3.2    Penentuan komposisi anggota Dewan Komisaris                           -                                   -
              memperhatikan keberagaman latar belakang berdasarkan
              keahlian, pengetahuan, dan pengalaman yang dibutuhkan.
              The composition of the Board of Commissioners takes into
              consideration the diverse backgrounds of its members
              while ensuring that they possess the necessary knowledge,
              expertise and experience to effectively discharge their
              duties.
              Prinsip 4 | Principle 4
              Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
              Improving the Quality of the Board of Commissioners’ Execution of Duties and Responsibilities
       4.1    Dewan Komisaris mempunyai kebijakan penilaian sendiri                 -                                   -
              (self-assessment) untuk menilai kinerja Dewan Komisaris.
              The Board of Commissioners has their Self-Assessment
              policy to evaluate their performance.
       4.2    Kebijakan penilaian sendiri (self-assessment) untuk menilai           -                                   -
              kinerja Dewan Komisaris diungkapkan melalui Laporan
              Tahunan Perusahaan Terbuka.
              The Board of Commissioners’ Self-Assessment Policy is
              disclosed in the Public Company’s Annual Report.
       4.3    Dewan Komisaris mempunyai kebijakan terkait pengunduran               -                                   -
              diri anggota Dewan Komisaris apabila terlibat dalam
              kejahatan keuangan.
              The Board of Commissioners has a policy requiring them to
              step down from their position(s) upon any evidence of their
              involvement in financial crimes.




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                                                                                                        Penjelasan Penerapan di Perseroan
                                     Kriteria                                Rekomendasi
     No.                                                                                              Explanation of Implementation within the
                                     Criteria                               Recommendation
                                                                                                                      Company
     4.4    Dewan Komisaris atau Komite yang menjalankan fungsi           Menyusun kriteria          Fungsi Nominasi dan Remunerasi dijalankan
            nominasi dan remunerasi harus menyusun kebijakan suksesi      yang dibutuhkan dalam      oleh Komite Nominasi dan Remunerasi. Salah
            dalam proses nominasi anggota Direksi.                        proses nominasi calon      satu tugas Komite Nominasi dan Remunerasi
            The Board of Commissioners or the Committee in charge         Anggota Direksi oleh       yang tercantum dalam Piagam Komite
            of nomination and remuneration functions establishes a        Komite Nominasi            Nominasi dan Remunerasi yang ditetapkan
            succession policy to nominate members of the Board of         & Remunerasi, dan          tanggal 2 Agustus 2023.
            Directors.                                                    menyampaikannya
                                                                          kepada Dewan               Dalam Piagam Komite Nominasi dan
                                                                          Komisaris sebagai bahan    Remunerasi Angka 5 Huruf b terkait fungsi
                                                                          pertimbangan RUPS          nominasi huruf I, menyatakan tugas dan
                                                                          untuk mengangkat           fungsi Komite Nominasi dan Remunerasi
                                                                          Anggota Direksi.           yaitu memberikan rekomendasi kepada Dewan
                                                                          Developing the             Komisaris mengenai komposisi jabatan anggota
                                                                          criteria required in the   Direksi dan/atau anggota Dewan Komisaris,
                                                                          nomination process         kebijakan dan kriteria yang dibutuhkan dalam
                                                                          for candidates for the     proses nominasi dan kebijakan evaluasi kinerja
                                                                          Board of Directors         bagi anggota Direksi dan/atau anggota Dewan
                                                                          by the Nomination          Komisaris.
                                                                          & Remuneration
                                                                          Committee, and             Komite Nominasi dan Remunerasi belum
                                                                          presenting it to the       memiliki kriteria yang dibutuhkan dalam proses
                                                                          Board of Commissioners     nominasi calon anggota Direksi sesuai dengan
                                                                          as consideration for the   tugasnya yang tercantum dalam Piagam Komite
                                                                          AGMS to appoint Board      Nominasi dan Remunerasi.
                                                                          of Directors members.      The Nomination and Remuneration
                                                                                                     function is carried out by the Nomination
                                                                                                     and Remuneration Committee. One of the
                                                                                                     tasks of the Nomination and Remuneration
                                                                                                     Committee is outlined in the Nomination and
                                                                                                     Remuneration Committee Charter established
                                                                                                     on August 2, 2023.

                                                                                                     In the Nomination and Remuneration
                                                                                                     Committee Charter, Section 5, Letter b,
                                                                                                     regarding the nomination function, Letter
                                                                                                     I, it states that the task and function of the
                                                                                                     Nomination and Remuneration Committee
                                                                                                     is to provide recommendations to the Board
                                                                                                     of Commissioners regarding the composition
                                                                                                     of positions for members of the Board of
                                                                                                     Directors and/or Board of Commissioners,
                                                                                                     policies and criteria required in the nomination
                                                                                                     process, and performance evaluation policies
                                                                                                     for members of the Board of Directors and/or
                                                                                                     Board of Commissioners.

                                                                                                     The Nomination and Remuneration Committee
                                                                                                     has yet to establish the criteria required in
                                                                                                     the nomination process for candidates for
                                                                                                     the Board of Directors, as stated in its duties
                                                                                                     outlined in the Nomination and Remuneration
                                                                                                     Committee Charter.

     III.   Fungsi dan Peran Direksi
            Board of Directors’ Functions and Roles

            Prinsip 5 | Principle 5
            Memperkuat Keanggotaan dan Komposisi Direksi
            Strengthening the membership and composition of the Board of Directors
     5.1    Penentuan jumlah anggota Direksi ditetapkan setelah                      -                                      -
            mempertimbangkan kondisi Perusahaan Terbuka serta
            efektivitas dalam pengambilan keputusan.
            Total members of the Board of Directors is determined after
            duly considering their effectiveness in decision-making as
            well as the Public Company’s condition.




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                                                                                                                       Tata Kelola Perusahaan
                                                                                                                        Corporate Governance




                                                                                                       Penjelasan Penerapan di Perseroan
                                       Kriteria                                Rekomendasi
      No.                                                                                            Explanation of Implementation within the
                                       Criteria                               Recommendation
                                                                                                                     Company
       5.2    Penentuan komposisi anggota Direksi memperhatikan,                     -                                    -
              keberagaman latar belakang yang berdasarkan keahlian,
              pengetahuan, dan pengalaman yang dibutuhkan dalam
              tugasnya.
              The composition of the Board of Directors takes into
              consideration diverse backgrounds of its members while
              ensuring that they possess the necessary knowledge,
              expertise and experience to effectively discharge their
              duties.
       5.3    Anggota Direksi yang membawahi bidang akuntansi atau                   -                                    -
              keuangan harus memiliki keahlian dan/atau pengetahuan
              di bidang akuntansi.
              The members of the Board of Directors overseeing
              accounting or finance have the expertise and knowledge
              in the field of accounting.
              Prinsip 6 | Principle 6
              Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
              Improving the Quality of the Board of Directors’ Execution of Duties and Responsibilities
       6.1    Direksi mempunyai kebijakan penilaian sendiri (self-                   -                                    -
              assessment) untuk menilai kinerja Direksi.
              The Board of Directors has their self-assessment policy to
              evaluate their performance.
       6.2    Kebijakan penilaian sendiri (self-assessment) untuk menilai            -                                    -
              kinerja Direksi dan diungkapkan melalui laporan tahunan
              Perusahaan Terbuka.
              The evaluation of the Board of Directors’ performance
              based on their Self-Assessment Policy is made a policy and
              disclosed in the Public Company’s Annual Report.
       6.3    Direksi harus mempunyai kebijakan terkait pengunduran diri             -                                    -
              anggota Direksi apabila terlibat dalam kejahatan keuangan.
              The Board of Directors has a policy requiring them to step
              down from their position(s) upon any evidence of their
              involvement in financial crimes.

       IV.    Keterlibatan Pemangku Kepentingan
              Stakeholder Engagement

              Prinsip 7 | Principle 7
              Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan
              Strengthening the Corporate Governance Aspects through Stakeholder Participation
       7.1    Perusahaan Terbuka memiliki kebijakan untuk mencegah                   -                                    -
              terjadinya insider trading.
              The Public Company has a policy to prevent insider trading.
       7.2    Perusahaan Terbuka memiliki kebijakan anti korupsi dan                 -                                    -
              anti fraud.
              The Public Company has an anti-corruption and anti-fraud
              policy.
       7.3    Perusahaan Terbuka harus sudah menetapkan kebijakan                    -                                    -
              tentang pemilahan pemasok atau vendor untuk peningkatan
              kemampuan Perseroan.
              The Public Company has established a policy for the selection
              of suppliers or vendors to improve the Company’s sourcing
              capabilities.
       7.4    Perusahaan Publik harus memiliki ketentuan tentang                     -                                    -
              pemenuhan hak-hak kreditur.
              Public Company has a provision on the fulfillment of
              creditor’s rights.
       7.5    Perusahaan Terbuka memiliki kebijakan sistem                           -                                    -
              whistleblowing.
              The Public Company has a whistleblowing system policy.




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                                                                                                  Penjelasan Penerapan di Perseroan
                                    Kriteria                               Rekomendasi
     No.                                                                                        Explanation of Implementation within the
                                    Criteria                              Recommendation
                                                                                                                Company
     7.6   Perusahaan Terbuka memiliki kebijakan pemberian insentif              -                                   -
           jangka panjang kepada Direksi dan karyawan.
           The Public Company has a policy on long-term incentives
           for the Board of Directors and the employees.

      V.   Keterbukaan Informasi
           Disclosure of Information

           Prinsip 8 | Principle 8
           Meningkatkan Pelaksanaan Keterbukaan Informasi
           Improving Information Disclosure
     8.1   Perusahaan Terbuka memanfaatkan penggunaan teknologi                  -                                   -
           informasi secara lebih luas selain situs web sebagai media
           keterbukaan informasi.
           The Public Company, other than on its website, makes
           a broader use of information technology to disclose
           information.
     8.2   Laporan Tahunan Perusahaan Terbuka mengungkapkan                      -                                   -
           pemilik manfaat akhir dalam kepemilikan saham Perusahaan
           Terbuka paling sedikit 5% (lima persen), selain pengungkapan
           pemilik manfaat akhir dalam kepemilikan saham Perusahaan
           Terbuka melalui Pemegang Saham utama dan pengendali.
           The Public Company’s Annual Report contains disclosures
           on shareholders holding at least 5% (five percent) ownership
           in the Company in addition to its main or controlling
           shareholder.


   PENERAPAN ATAS PEDOMAN                                                 COMPLIANCE WITH GUIDELINE
   GOVERNANSI KORPORAT                                                    OF CORPORATE GOVERNANCE

   Komite Nasional Kebijakan Governansi (KNKG) telah                      The National Committee for Governance Policy (KNKG) has
   memutakhirkan Pedoman Umum Governansi Korporat                         updated the General Guidelines for Indonesian Corporate
   Indonesia (PUGKI). Selaras dengan komitmen GMF untuk                   Governance (PUGKI). In line with GMF's commitment to
   mewujudkan 4 (empat) pilar governansi korporat yaitu perilaku          realizing the 4 (four) pillars of corporate governance, namely
   beretika, akuntabilitas, transparansi, dan keberlanjutan, maka         ethical behavior, accountability, transparency, and sustainability,
   GMF juga berupaya menjalankan 8 (delapan) prinsip governansi           GMF also strives to implement the 8 (eight) principles of
   korporat, antara lain sebagai berikut:                                 corporate governance, including the following:




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                                                                                                         Tata Kelola Perusahaan
                                                                                                          Corporate Governance




                                                                                         Penjelasan Penerapan di Perseroan
                               Kriteria                               Rekomendasi
      No.                                                                              Explanation of Implementation within the
                               Criteria                              Recommendation
                                                                                                       Company

        I     Peran dan Tanggung Jawab Direksi dan Dewan Komisaris
              Roles and Responsibilities of the Board of Directors and Commissioners

       I.I    Peran dan Tanggung Jawab Direksi
              Roles and Responsibilities of the Board of Directors
      1.1.1   Untuk mencapai penciptaan nilai yang                          -                               -
              berkelanjutan, Direksi menjalankan peran
              kepemimpinannya dan berupaya mencapai
              hasil governansi sebagai berikut: berdaya
              saing dan berfokus ke kinerja jangka
              panjang;
              beretika dan bertanggung jawab dalam
              menjalankan bisnis;
              berkontribusi positif terhadap masyarakat
              dan lingkungan; serta
              berkemampuan dalam bertahan dan
              bertumbuh (corporate resilience).
              To achieve sustainable value creation, the
              Board of Directors carries out its leadership
              role and seeks to achieve the following
              governance outcomes:
              to be competitive and focused on long-term
              performance;
              to be ethical and responsible in conducting
              business;
              to have positive contributions to the
              community and the environment; as well as
              to be able to survive and grow (corporate
              resilience)
      1.1.2   Direksi harus memastikan bahwa misi,                          -                               -
              visi, tujuan, sasaran, strategi, dan rencana
              tahunan dan jangka menengah korporasi
              konsisten dengan tujuan jangka panjang,
              dengan memanfaatkan inovasi dan
              teknologi secara efektif.
              The Board of Directors must ensure that the
              corporate mission, vision, goals, objectives,
              strategies, as well as annual and mid-term
              plans are consistent with long-term goals,
              by effectively utilizing innovation and
              technology.
      1.1.3   Direksi memastikan bahwa korporasi                            -                               -
              menerapkan manajemen risiko dan
              sistem pengendalian internal yang tepat
              dan efektif yang selaras dengan visi, misi,
              tujuan, sasaran, dan strategi korporasi serta
              mematuhi peraturan perundang-undangan
              dan standar yang berlaku.
              The Board of Directors ensures that the
              corporation implements an appropriate
              and effective risk management and internal
              control system that is aligned with the
              corporate vision, mission, goals, objectives
              and strategies, as well as complying with
              applicable laws and regulations and
              standards.
      1.1.4   Direksi memastikan integritas akuntansi                       -                               -
              dan sistem pelaporan keuangan korporasi
              dan pengungkapan yang tepat waktu dan
              akurat atas semua informasi material
              mengenai korporasi.
              The Board of Directors ensures that the
              integrity of the corporate accounting and
              financial reporting system and the timely
              and accurate disclosure of all material
              information about the corporation.




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                             Kriteria                          Rekomendasi
     No.                                                                       Explanation of Implementation within the
                             Criteria                         Recommendation
                                                                                               Company
    1.1.5   Direksi memastikan pelaporan                              -                           -
            keberlanjutan telah disusun sebagaimana
            mestinya.
            The Board of Directors ensures that
            sustainability reporting has been prepared
            properly.
    1.1.6   Direksi membangun kerangka kerja                          -                           -
            untuk governansi teknologi informasi (TI)
            korporasi yang selaras dengan kebutuhan
            dan prioritas bisnis korporasi, mendorong
            peluang dan kinerja bisnis, memperkuat
            manajemen risiko, serta mendukung tujuan
            dan strategi korporasi.
            The Board of Directors builds a framework
            for corporate information technology (IT)
            governance that is aligned with corporate
            business needs and priorities, encourages
            business opportunities and performance,
            strengthens risk management, and supports
            corporate goals and strategies.
    1.1.7   Bagi korporasi yang menjalankan kegiatan                  -                           -
            usaha berdasarkan prinsip Syariah, Direksi
            perlu memastikan kewenangan dan
            ketersediaan perangkat pendukung yang
            memadai agar Dewan Pengawas Syariah
            dapat menjalankan perannya dengan efektif.
            For corporations that carry out business
            activities based on Sharia principles, the
            Board of Directors needs to ensure the
            authority and availability of adequate
            supporting equipment so that the Sharia
            Supervisory Board can carry out its role
            effectively.
    1.1.8   Piagam Direksi secara periodik ditinjau.                  -                           -
            Piagam mencakup antara lain pembagian
            peran Direktur secara individual dapat
            diatur di Piagam Direksi atau dengan surat
            keputusan Direksi.
            The Board of Directors' Charter is
            periodically reviewed. The Charter includes,
            among other things, the division of roles of
            individual Directors which can be regulated
            in the Directors' Charter or by a Directors'
            Decree.
    1.1.9   Direksi mempunyai kebijakan terkait                       -                           -
            pengunduran diri anggota Direksi apabila
            terlibat dalam kejahatan keuangan dan
            terbukti melakukan kesalahan.
            The Board of Directors has a policy
            regarding the resignation of members of
            the Board of Directors if they are involved
            in financial crimes and are proven to have
            made a mistake.

     1.2    Penilaian Kinerja – Direksi dan Anggotanya
            Performance Assessment – Board of Directors and its Members

    1.2.1   Dewan Komisaris melakukan evaluasi                        -                           -
            formal tahunan secara obyektif dan
            independen untuk menentukan efektivitas
            Direksi dan setiap individu direktur.
            The Board of Commissioners conducts
            annual formal evaluations objectively
            and independently to determine the
            effectiveness of the Board of Directors
            and each individual director.




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                                                                                                            Penjelasan Penerapan di Perseroan
                               Kriteria                                  Rekomendasi
      No.                                                                                                 Explanation of Implementation within the
                               Criteria                                 Recommendation
                                                                                                                          Company
      1.2.2   Dewan Komisaris dengan pertimbangan             Menyampaikan hasil telaah Komite           Belum terdapat penyampaian hasil telaah
              Komite Nominasi dan Remunerasi,                 Nominasi & Remunerasi (KNR) atas           tersebut kepada Direktur Utama. Hasil
              bertanggung jawab menentukan kriteria           pencapaian kinerja Direksi kepada          evaluasi secara umum disampaikan kepada
              evaluasi kinerja dan menilai kinerja Direktur   Direktur Utama.                            Direksi dalam Annual Report dan paparan
              Utama dan anggota Direksi lainnya.              Submitting the results of the Nomination   Dewan Komisaris pada saat RUPS Tahunan.
              The Board of Commissioners, with the            & Remuneration Committee (NRC)             Evaluasi kinerja
              consideration of the Nomination and             review of the Board of Directors'          yang disusun KNR disampaikan kepada
              Remuneration Committee, is responsible          performance to the President Director.     Pemegang Saham Mayoritas sebagai bahan
              for determining performance evaluation                                                     evaluasi.
              criteria and assessing the performance of
              the President Director and other members                                                   Untuk evaluasi atas pencapaian hasil KPI
              of the Board of Directors.                                                                 Direksi Tahunan Tahun 2024 masih dalam
                                                                                                         proses.

                                                                                                         Evaluasi pencapaian kinerja Direksi juga
                                                                                                         dilakukan oleh Dewan Komisaris melalui Rapat
                                                                                                         Dewan Komisaris dan Direksi salah satunya
                                                                                                         Rapat Dewan Komisaris dan Direksi tanggal
                                                                                                         19 Agustus 2024 dengan agenda Kinerja
                                                                                                         GMF YTD Juni 2024. Dalam rapat tersebut,
                                                                                                         Dewan Komisaris memberikan arahan agar
                                                                                                         pengembangan kapabilitas untuk mendukung
                                                                                                         pesawat-pesawat baru dikaji dan harus jadi
                                                                                                         perhatian. Selain itu Direksi agar berfokus
                                                                                                         pada ekselerasi pengembangan manpower
                                                                                                         untuk menggantikan manpower yang pensiun
                                                                                                         atau resign. Untuk evaluasi kinerja Direksi
                                                                                                         tahunan baik secara kolegial maupun individual
                                                                                                         dilakukan oleh Pemegang Saham melalui RUPS
                                                                                                         Tahunan Tahun Buku 2023 yang dilaksanakan
                                                                                                         pada tanggal 28 Juni 2024.
                                                                                                         The results of the review have not yet been
                                                                                                         communicated to the President Director. The
                                                                                                         general evaluation results are presented to
                                                                                                         the Board of Directors in the Annual Report
                                                                                                         and during the Board of Commissioners'
                                                                                                         presentation at the Annual AGMS. The
                                                                                                         performance evaluation prepared by the
                                                                                                         Nomination & Remuneration Committee (NRC)
                                                                                                         is submitted to the Majority Shareholders as
                                                                                                         part of the evaluation material.

                                                                                                         The evaluation of the Board of Directors'
                                                                                                         Annual KPI achievements for 2024 is still in
                                                                                                         progress.

                                                                                                         The Board of Commissioners also conducts
                                                                                                         a performance evaluation of the Board of
                                                                                                         Directors through meetings between the
                                                                                                         Board of Commissioners and the Board of
                                                                                                         Directors, including the meeting on August 19,
                                                                                                         2024, with the agenda of GMF's performance
                                                                                                         YTD June 2024. In this meeting, the Board
                                                                                                         of Commissioners provided guidance for
                                                                                                         evaluating the development of capabilities
                                                                                                         to support new aircraft, which should be
                                                                                                         considered a priority. Additionally, the Board
                                                                                                         of Directors is advised to focus on accelerating
                                                                                                         the development of manpower to replace those
                                                                                                         retiring or resigning. The annual performance
                                                                                                         evaluation of the Board of Directors, both
                                                                                                         collectively and individually, is conducted by
                                                                                                         the Shareholders through the Annual GMS for
                                                                                                         the 2023 Fiscal Year, held on June 28, 2024.




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                                 Criteria                            Recommendation
                                                                                                      Company

    1.3     Peran dan Tanggung Jawab Dewan Komisaris
            Roles and Responsibilities of the Board of Commissioners

    1.3.1   Dewan Komisaris mereviu strategi korporasi                     -                             -
            paling tidak setiap tahun dan menyetujui misi,
            visi dan strategi korporasi yang dirumuskan
            oleh Direksi. Dewan Komisaris juga mereviu,
            memberikan saran dan menyetujui rencana
            bisnis dan rencana keuangan jangka panjang
            dan rencana keuangan jangka pendek
            korporasi. Dewan Komisaris memberikan
            advis dan melakukan pemantauan kepada
            Direksi atas pengelolaan implementasinya.
            Direksi dan Dewan Komisaris terlibat
            dalam keputusan yang sangat penting bagi
            korporasi, diatur dalam anggaran dasar
            korporasi.
            The Board of Commissioners reviews the
            corporate strategy at least annually and
            approves the mission, vision and corporate
            strategy formulated by the Board of
            Directors. The Board of Commissioners
            also reviews, provides advice and approves
            business plans and long-term financial
            plans and short-term financial plans of the
            corporation. The Board of Commissioners
            provides advice and monitors the Board
            of Directors regarding implementation
            management. The Board of Directors and
            Board of Commissioners are involved in very
            important decisions for the corporation,
            regulated in the corporation's articles of
            association.
    1.3.2   Jenis keputusan yang memerlukan                                -                             -
            persetujuan Dewan Komisaris harus
            diungkapkan dalam laporan tahunan.
            The types of decisions that require approval
            from the Board of Commissioners must be
            disclosed in the annual report.
    1.3.3   Dengan memperhatikan rekomendasi                               -                             -
            Komite Nominasi dan Remunerasi, Dewan
            Komisaris mengusulkan kepada, dan untuk
            diputuskan oleh, RUPS pengangkatan
            d a n /a t a u p e m b e r h e n t i a n a n g g o t a
            Direksi dan anggota Dewan Komisaris.
            Dalam mengusulkan hal di atas, Dewan
            Komisaris memperhatikan keberagaman,
            unsur nondiskriminatif dan memberikan
            kesempatan yang sama tanpa membedakan
            suku, agama, ras, antar golongan dan jender.
            Dewan Komisaris memastikan proses
            pencalonan dan pemilihan anggota Direksi
            dan anggota Dewan Komisaris adalah formal
            dan transparan.
            By taking into account the recommendations
            of the Nomination and Remuneration
            Committee, the Board of Commissioners
            proposes to, and is decided by, the GMS the
            appointment and/or dismissal of members
            of the Board of Directors and members of
            the Board of Commissioners. In proposing
            the above, the Board of Commissioners pays
            attention to diversity, non-discriminatory
            elements and provides equal opportunities
            without distinction between ethnicity,
            religion, race, group and gender. The Board of
            Commissioners ensures that the nomination
            and election process for members of the
            Board of Directors and members of the Board
            of Commissioners is formal and transparent.




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                                                                                                        Penjelasan Penerapan di Perseroan
                               Kriteria                                Rekomendasi
      No.                                                                                             Explanation of Implementation within the
                               Criteria                               Recommendation
                                                                                                                      Company
      1.3.4   Dewan Komisaris atau Komite yang              Menyusun kriteria yang dibutuhkan        Dewan Komisaris telah membentuk
              menjalankan fungsi nominasi menyusun          dalam proses nominasi calon Anggota      Komite Nominasi dan Remunerasi yang
              kebijakan suksesi dalam proses nominasi       Direksi oleh Komite Nominasi &           menjalankan fungsi nominasi. Salah satu
              anggota Direksi. Setiap tahun Dewan           Remunerasi, dan menyampaikannya          tugas Komite Nominasi dan Remunerasi yang
              Komisaris meninjau pelaporan pelaksanaan      kepada Dewan Komisaris sebagai bahan     tercantum dalam Piagam Komite Nominasi
              rencana pengembangan dan suksesi yang         pertimbangan RUPS untuk mengangkat       dan Remunerasi yang ditetapkan tanggal 2
              disampaikan Direktur Utama.                   Anggota Direksi.                         Agustus 2023 Angka 5 huruf b tugas dan
              The Board of Commissioners or the             Developing the criteria required in      tanggung jawab poin 1.a Fungsi Nominasi
              Committee that carries out the nomination     the nomination process for candidates    yaitu memberikan rekomendasi kepada Dewan
              function prepares a succession policy in      for the Board of Directors by the        Komisaris mengenai komposisi jabatan anggota
              the nomination process for members of         Nomination & Remuneration Committee,     Direksi dan/atau anggota Dewan Komisaris,
              the Board of Directors. Every year the        and submitting them to the Board of      kebijakan dan kriteria yang dibutuhkan dalam
              Board of Commissioners reviews reports        Commissioners as consideration for the   proses nominasi dan kebijakan evaluasi kinerja
              on the implementation of development and      AGMS in appointing members of the        bagi anggota Direksi dan/atau anggota Dewan
              succession plans submitted by the President   Board of Directors.                      Komisaris
              Director.
                                                                                                     Namun Komite Nominasi dan Remunerasi
                                                                                                     belum memiliki kriteria yang dibutuhkan
                                                                                                     dalam proses nominasi calon anggota Direksi
                                                                                                     sesuai dengan tugasnya yang tercantum dalam
                                                                                                     Piagam Komite Nominasi dan Remunerasi

                                                                                                     Pada tahun 2024, tidak terdapat pengangkatan
                                                                                                     anggota Direksi baru.

                                                                                                     The Board of Commissioners has established a
                                                                                                     Nomination and Remuneration Committee that
                                                                                                     carries out the nomination function. One of the
                                                                                                     duties of the Nomination and Remuneration
                                                                                                     Committee, as stated in the Nomination and
                                                                                                     Remuneration Committee Charter dated
                                                                                                     August 2, 2023, Section 5, Letter b, Duties
                                                                                                     and Responsibilities, point 1.a Nomination
                                                                                                     Function, is to provide recommendations
                                                                                                     to the Board of Commissioners regarding
                                                                                                     the composition of positions of members of
                                                                                                     the Board of Directors and/or the Board of
                                                                                                     Commissioners, policies and criteria required
                                                                                                     in the nomination process, and performance
                                                                                                     evaluation policies for members of the Board of
                                                                                                     Directors and/or the Board of Commissioners.

                                                                                                     However, the Nomination and Remuneration
                                                                                                     Committee has not yet established the
                                                                                                     criteria required in the nomination process
                                                                                                     for candidates for the Board of Directors in
                                                                                                     accordance with its duties as outlined in the
                                                                                                     Nomination and Remuneration Committee
                                                                                                     Charter.

                                                                                                     In 2024, there were no new appointments to
                                                                                                     the Board of Directors.




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                                                                                            Company
    1.3.5   Dewan Komisaris a). mengajukan kepada                -                             -
            RUPS, yang dapat didahului oleh usulan
            dari Komite yang menjalankan fungsi
            remunerasi, besaran remunerasi anggota
            Direksi dan anggota Dewan Komisaris yang
            selaras dengan pengembangan korporasi
            yang berkelanjutan dan kepentingan jangka
            panjang korporasi dan pemegang saham; b).
            secara berkala mereviu sistem remunerasi
            Direksi dan Dewan Komisaris.
            Board of Commissioners a). submit to
            the GMS, which may be preceded by a
            proposal from the Committee carrying out
            the remuneration function, the amount of
            remuneration for members of the Board
            of Directors and members of the Board
            of Commissioners that is in line with
            sustainable corporate development and
            the long-term interests of the corporation
            and shareholders; b). periodically review
            the remuneration system for the Board of
            Directors and Board of Commissioners.
    1.3.6   Dewan Komisaris mengawasi efektivitas                -                             -
            kebijakan governansi korporat dan
            implementasinya serta mengusulkan
            perubahan jika diperlukan.
            The Board of Commissioners monitors
            the effectiveness of corporate governance
            policies and their implementation and
            proposes changes if necessary.
    1.3.7   Dewan Komisaris memantau dan                         -                             -
            mengarahkan agar korporasi menerapkan
            manajemen risiko dan sistem pengendalian
            internal yang tepat dan efektif yang selaras
            dengan tujuan, sasaran, dan strategi
            korporasi serta mematuhi peraturan
            perundang-undangan, kode perilaku dan
            standar yang berlaku.
            The Board of Commissioners monitors
            and directs the corporation to implement
            appropriate and effective risk management
            and internal control systems that are in
            line with corporate goals, objectives and
            strategies and comply with applicable
            laws and regulations, codes of conduct
            and standards.
    1.3.8   Dewan Komisaris mengawasi dan                        -                             -
            mengarahkan agar tercapai integritas
            akuntansi dan sistem pelaporan keuangan
            korporat, serta independensi fungsi audit
            internal dan eksternal.
            The Board of Commissioners supervises
            and directs the achievement of the
            integrity of the corporate accounting and
            financial reporting system, as well as the
            independence of the internal and external
            audit functions.
    1.3.9   Dewan Komisaris memantau, mereviu dan                -                             -
            menyetujui laporan tahunan dan laporan
            keberlanjutan Korporasi serta memastikan
            integritasnya, serta mengawasi proses
            pengungkapan dan pengkomunikasian
            korporasi.
            The Board of Commissioners monitors,
            reviews and approves the Corporation's
            annual reports and sustainability reports
            and ensures their integrity, as well as
            oversees the corporate disclosure and
            communication process.




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                                                                                              Penjelasan Penerapan di Perseroan
                              Kriteria                              Rekomendasi
      No.                                                                                   Explanation of Implementation within the
                              Criteria                             Recommendation
                                                                                                            Company
     1.3.10 Piagam Dewan Komisaris secara periodik         Menyelaraskan pengaturan jangka Melakukan pemutakhiran Pedoman Dewan
            ditinjau.                                      waktu penyampaian bahan rapat yang Komisaris.
            The Board of Commissioners Charter is          tercantum dalam Pedoman Dewan
            periodically reviewed.                         Komisaris
     1.3.11 Dewan Komisaris mempunyai kebijakan                           -                                      -
            terkait pengunduran diri anggota Dewan
            Komisaris apabila terlibat dalam kejahatan
            keuangan dan terbukti melakukan
            kesalahan.
            The Board of Commissioners has a policy
            regarding the resignation of members of the
            Board of Commissioners if they are involved
            in financial crimes and are proven to have
            made a mistake.
     1.3.12 Komisaris independen sangat diharapkan                        -                                      -
            untuk dapat berkontribusi dalam diskusi
            yang jujur, obyektif, aktif dan konstruktif
            pada rapat Dewan Komisaris.
            Independent commissioners are highly
            expected to be able to contribute to
            honest, objective, active and constructive
            discussions at Board of Commissioners
            meetings.
     1.3.13 Komisaris Utama berperan sebagai                              -                                      -
            koordinator Dewan Komisaris dan
            memastikan efektivitasnya. Komisaris
            Utama mendorong budaya keterbukaan
            dan dialog konstruktif yang memungkinkan
            berbagai pandangan diungkapkan, termasuk
            mengkoordinasi penetapan agenda rapat
            dewan yang tepat dan memastikan waktu
            yang cukup tersedia untuk mendiskusikan
            semua agenda. Selain itu, juga harus ada
            kesempatan bagi Dewan Komisaris untuk
            bertemu dengan jajaran Direksi dan
            manajemen senior.
            The President Commissioner acts as
            coordinator of the Board of Commissioners
            and ensures its effectiveness. The President
            Commissioner encourages a culture of
            openness and constructive dialogue that
            allows a variety of views to be expressed,
            including coordinating the setting of
            appropriate board meeting agendas and
            ensuring sufficient time is available to
            discuss all agenda items. Apart from that,
            there must also be an opportunity for the
            Board of Commissioners to meet with the
            Board of Directors and senior management.

       1.4    Pembentukan Komite
              Committee Establishment

      1.4.1   Korporasi memiliki komite-komite di                         -                                      -
              bawah Dewan Komisaris sekurang-
              kurangnya terdiri dari: Komite Audit,
              Komite Nominasi dan Remunerasi dan
              Komite Pemantau Manajemen Risiko.The
              Corporation has committees under the
              Board of Commissioners consisting of
              at least: Audit Committee, Nomination
              and Remuneration Committee and Risk
              Management Monitoring Committee.




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     No.                                                                                            Explanation of Implementation within the
                             Criteria                             Recommendation
                                                                                                                    Company
    1.4.2   Dewan Komisaris memastikan bahwa                               -                                               -
            anggota Komite Audit seluruhnya
            independen dan komite lain yang dibentuk
            Dewan Komisaris adalah mayoritas dari
            pihak independen, serta semua anggota
            komite memiliki kompetensi, berkomitmen,
            serta memiliki wewenang yang memadai
            untuk menjalankan perannya secara efektif
            dan independen.
            The Board of Commissioners ensures
            that all members of the Audit Committee
            are independent and that the majority of
            other committees formed by the Board of
            Commissioners are independent, and that
            all committee members are competent,
            committed and have sufficient authority
            to carry out their roles effectively and
            independently.
    1.4.3   Untuk memastikan pemantauan atas                               -                                               -
            pelaksanaan tugas Komite Audit berjalan
            obyektif dan independen, Komisaris Utama
            tidak boleh menjadi ketua Komite Audit,
            kecuali dalam keadaan luar biasa yang harus
            dijelaskan dalam laporan tahunan.
            To ensure that monitoring of the
            implementation of the Audit Committee's
            duties is objective and independent, the
            President Commissioner may not be
            chairman of the Audit Committee, except
            in extraordinary circumstances which must
            be explained in the annual report.

    1.5     Penilaian Kinerja – Dewan Komisaris dan Anggotanya
            Performance Assessment – Board of Commissioners and its Members

    1.5.1   Dewan Komisaris melakukan evaluasi • Menyusun kebijakan penilaian                      Dewan Komisaris belum memiliki kebijakan
            formal tahunan secara obyektif untuk        sendiri didasarkan pada tolak ukur         penilaian lainnya didasarkan pada tolak ukur
            menentukan efektivitas Dewan, komitenya,    atau kriteria penilaian yang spesifik,     atau kriteria penilaian yang spesifik, terukur,
            dan setiap individu komisaris.              terukur, dapat dicapai, dan relevan        dapat dicapai, dan relevan serta sesuai dengan
            The Board of Commissioners conducts         serta sesuai dengan yang ditetapkan        yang ditetapkan Dewan Komisaris.
            an annual formal evaluation objectively     Dewan Komisaris.
            to determine the effectiveness of the • M e m p e r t i m b a n g k a n u n t u k      Perpanjangan masa jabatan komisaris didasarkan
            Board, its committees and each individual   menggunakan konsultan eksternal            pada hasil evaluasi kinerja yang memuaskan
            commissioner.                               secara berkala paling tidak sekali dalam   atas kontribusi setiap anggota Dewan Komisaris
                                                        masa jabatan, untuk memfasilitasi          yang telah tercantum dalam Annual Report dan
                                                        evaluasi kinerja Dewan Komisaris           dipaparkan dalam RUPS Tahunan.
                                                        yang objektif dan jujur.
                                                      • Formulating a self-assessment              Dewan Komisaris belum melibatkan konsultan
                                                        policy based on specific, measurable,      eksternal independen untuk memfasilitasi evaluasi
                                                        achievable, and relevant benchmarks        kinerja Dewan Komisaris yang objektif dan jujur.
                                                        or evaluation criteria in accordance       The Board of Commissioners has not yet
                                                        with those established by the Board        established an evaluation policy based on
                                                        of Commissioners.                          specific, measurable, achievable, and relevant
                                                      • Considering the use of an external         benchmarks or criteria in accordance with
                                                        consultant periodically, at least          those set by the Board of Commissioners.
                                                        once during the term of office, to
                                                        facilitate an objective and honest         The extension of the commissioners’ term of
                                                        performance evaluation of the Board        office is based on a satisfactory performance
                                                        of Commissioners.                          evaluation of each member’s contribution, as
                                                                                                   stated in the Annual Report and presented at
                                                                                                   the Annual GMS.

                                                                                                   The Board of Commissioners has not yet
                                                                                                   engaged an independent external consultant to
                                                                                                   facilitate an objective and honest performance
                                                                                                   evaluation of the Board of Commissioners.




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                               Kriteria                       Rekomendasi
      No.                                                                     Explanation of Implementation within the
                               Criteria                      Recommendation
                                                                                              Company

     1.6      Benturan Kepentingan
              Conflift of Interest

      1.6.1   Anggota Direksi yang mempunyai                       -                               -
              rangkap jabatan di luar korporasi, harus
              mendapatkan persetujuan dari Dewan
              Komisaris. Seorang Komisaris memberi
              tahu Dewan Komisaris dan ketua komite
              yang menjalankan fungsi nominasi, sebelum
              menerima penunjukan baru sebagai
              direktur atau komisaris dari korporasi
              terbuka, jabatan direktur lainnya atau
              posisi lain dengan komitmen waktu yang
              signifikan.
              Members of the Board of Directors who
              hold concurrent positions outside the
              corporation must obtain approval from the
              Board of Commissioners. A Commissioner
              notifies the Board of Commissioners and
              the chair of the committee performing the
              nominating function, before accepting a new
              appointment as director or commissioner
              of a publicly traded corporation, other
              directorship or other position with a
              significant time commitment.
      1.6.2   Dewan Komisaris memantau dan                         -                               -
              mengelola potensi benturan kepentingan
              manajemen, anggota Direksi, Dewan
              Komisaris dan pemegang saham, termasuk
              penyalahgunaan aset korporasi dan
              penyalahgunaan dalam transaksi pihak
              berelasi. Komisaris yang memiliki benturan
              kepentingan tidak turut serta dalam
              pemantauan dan pengambilan keputusan
              atas potensi benturan kepentingan yang
              melibatkan Komisaris atau afiliasi Komisaris
              yang bersangkutan.
              The Board of Commissioners monitors and
              manages potential conflicts of interest of
              management, members of the Board
              of Directors, Board of Commissioners
              and shareholders, including misuse of
              corporate assets and misuse in related party
              transactions. Commissioners who have a
              conflict of interest do not participate in
              monitoring and making decisions regarding
              potential conflicts of interest involving
              the Commissioner or affiliates of the
              Commissioner concerned.




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     No.                                                                                               Explanation of Implementation within the
                             Criteria                                 Recommendation
                                                                                                                       Company
     1.7    Peningkatan Kompetensi Anggota Direksi dan Dewan Komisaris
            Competency Improvement of Members of the Board of Directors and Board of Commissioners
    1.7.1   Dewan Komisaris memastikan bahwa                                   -                                             -
            anggota Direksi dan Dewan Komisaris
            memahami peran dan tanggung jawab
            mereka, karakteristik dan operasi korporasi,
            peraturan perundang-undangan dan
            standar yang relevan serta kewajiban
            lain yang berlaku. Direksi melalui
            sekretaris korporasi mendukung semua
            anggota Direksi dan Dewan Komisaris
            dalam memperbarui dan menyegarkan
            keterampilan dan pengetahuan mereka
            yang diperlukan untuk menjalankan peran
            mereka di Dewan.
            The Board of Commissioners ensures that
            members of the Board of Directors and
            Board of Commissioners understand their
            roles and responsibilities, characteristics
            and operations of the corporation, relevant
            laws and regulations and standards as well
            as other applicable obligations. The Board of
            Directors through the corporate secretary
            supports all members of the Board of
            Directors and Board of Commissioners
            in updating and refreshing their skills and
            knowledge necessary to carry out their
            roles on the Board.

      II    Komposisi dan Remunerasi Direksi dan Dewan Komisaris
            Composition and Remuneration of the Board of Directors and Board of Commissioners

     2.1    Komposisi Direksi
            Composition of the Board of Directors
    2.1.1   Dalam menentukan kandidat calon                                    -                                             -
            direktur, Dewan Komisaris melalui Komite
            Nominasi dan Remunerasi tidak hanya
            mengandalkan rekomendasi dari Dewan
            Komisaris, manajemen atau pemegang
            saham mayoritas. Dewan Komisaris melalui
            Komite Nominasi dan Remunerasi dapat
            menggunakan sumber independen untuk
            menentukan kandidat yang memenuhi
            syarat.
            In determining prospective director
            candidates, the Board of Commissioners
            through the Nomination and Remuneration
            Committee does not only rely on
            recommendations from the Board of
            Commissioners, management or majority
            shareholders. The Board of Commissioners
            through the Nomination and Remuneration
            Committee can use independent sources
            to determine candidates who meet the
            requirements.
    2.1.2   Dewan Komisaris memastikan bahwa                Memastikan anggota Direksi yang           Mendaftarkan Anggota Direksi yang
            kriteria dalam menyeleksi anggota Direksi       membawahi bidang akuntansi atau           membawahi bidang akuntansi atau keuangan
            mencakup paling tidak pengetahuan,              keuangan memiliki sertifikasi profesi     untuk mengikuti sertifikasi keahlian di bidang
            kemampuan, dan keahlian yang dibutuhkan         dalam bidang akuntansi dan menjadi        akuntansi.
            untuk memenuhi secara tepat peran Direksi       anggota Ikatan Akuntan Indonesia.         Registering the member of the Board of
            serta memperhatikan terpenuhinya                Ensuring that members of the Board        Directors responsible for accounting or finance
            keberagaman Direksi.                            of Directors overseeing accounting or     to participate in a professional certification
            The Board of Commissioners ensures that         finance hold professional certification   program in the field of accounting.
            the criteria for selecting members of the       in accounting and are members of the
            Board of Directors include at least the         Indonesian Institute of Accountants.
            knowledge, abilities and skills required to
            appropriately fulfill the role of the Board
            of Directors and pay attention to the
            fulfillment of the diversity of the Board of
            Directors.




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                                                                                                                      Penjelasan Penerapan di Perseroan
                               Kriteria                                    Rekomendasi
      No.                                                                                                           Explanation of Implementation within the
                               Criteria                                   Recommendation
                                                                                                                                    Company
      2.1.3   Kebijakan korporasi tentang keberagaman                                -                                                     -
              pada, Direksi dan Dewan Komisaris
              diungkapkan dalam Laporan Tahunan.
              Corporate policies regarding diversity
              among the Board of Directors and Board
              of Commissioners are disclosed in the
              Annual Report.
      2.1.4   Dewan Komisaris memastikan bahwa 1.                 Mempertimbangkan untuk                           1.   Memastikan bahwa kebijakan dan
              kebijakan dan prosedur untuk seleksi                mengungkapkan informasi tentang                       prosedur untuk seleksi dan nominasi
              dan nominasi Komisaris adalah jelas dan             calon anggota Dewan Komisaris                         Komisaris adalah jelas dan transparan
              transparan sehingga dapat menghasilkan              dalam proses pemilihan/pemilihan                      sehingga dapat menghasilkan komposisi
              komposisi Dewan yang diinginkan.                    kembali yang wajib tersedia                           Dewan yang diinginkan.
              Dewan Komisaris menggunakan sumber                  s e j a k t a n g g a l d i l a k u k a n ny a   2.   Melakukan evaluasi mengenai
              independen untuk menentukan kandidat                pemanggilan RUPS sampai dengan                        pengangkatan kembali anggota Dewan
              yang memenuhi syarat.
                                                                  penyelenggaraan RUPS serta                            Komisaris.
              The Board of Commissioners ensures that
                                                                  dapat diunduh melalui situs web                  1.   Ensuring that the policies and procedures
              the policies and procedures for the selection
              and nomination of Commissioners are                 Perusahaan dan/atau e-RUPS.                           for the selection and nomination of
              clear and transparent so as to produce the 2.       Memastikan melakukan evaluasi                         Commissioners are clear and transparent,
              desired Board composition. The Board of             terhadap anggota Dewan Komisaris                      in order to achieve the desired composition
              Commissioners uses independent sources              yang diangkat kembali.                                of the Board.
              to determine qualified candidates.            1.    Considering the disclosure of                    2.   Conducting an evaluation regarding the
                                                                  information regarding candidates for                  reappointment of members of the Board
                                                                  the Board of Commissioners during                     of Commissioners.
                                                                  the election/re-election process,
                                                                  which must be available from the
                                                                  date of the GMS notice until the GMS
                                                                  is held, and accessible for download
                                                                  via the Company's website and/or
                                                                  e-GMS platform.
                                                             2.   Ensuring that an evaluation is
                                                                  conducted for members of the
                                                                  Board of Commissioners being
                                                                  reappointed.
      2.1.5   Dewan Komisaris/Komite yang                    Komite Nominasi dan Remunerasi                        Menetapkan prosedur dan kriteria nominasi
              menjalankan fungsi nominasi menetapkan         menyusun dan menetapkan prosedur                      yang
              prosedur dan kriteria nominasi yang            dan kriteria nominasi berkaitan dengan                konsisten dengan matriks keahlian Dewan
              konsisten dengan matriks keahlian Dewan        keahlian Dewan Komisaris.                             Komisaris yang telah disetujui Dewan
              Komisaris yang telah disetujui Dewan           The Nomination and Remuneration                       Komisaris dan memastikan bahwa profil
              Komisaris dan memastikan bahwa profil          Committee develops and establishes                    kandidat memenuhi persyaratan yang
              kandidat memenuhi persyaratan yang             procedures and nomination criteria                    ditetapkan dalam matriks keahlian dan kriteria
              ditetapkan dalam matriks keahlian dan          related to the expertise of the Board of              nominasi.
              kriteria nominasi.                             Commissioners.                                        Establishing nomination procedures and
              The Board of Commissioners/Committee                                                                 criteria that are consistent with the expertise
              which carries out the nomination function                                                            matrix of the Board of Commissioners,
              determines nomination procedures                                                                     which has been approved by the Board
              and criteria that are consistent with the                                                            of Commissioners, and ensuring that the
              Board of Commissioners' skills matrix                                                                candidate profiles meet the requirements set
              which has been approved by the Board                                                                 in the expertise matrix and nomination criteria.
              of Commissioners and ensures that the
              candidate profile meets the requirements
              set out in the skills matrix and nomination
              criteria.
      2.1.6   Komposisi Dewan Komisaris harus                                        -                                                     -
              dibentuk sedemikian rupa sehingga
              anggota -anggotanya secara kelompok
              mencerminkan keberagaman dalam hal
              kemampuan, keahlian, pengetahuan,
              pengalaman, usia, latar belakang budaya,
              dan gender yang dibutuhkan untuk
              memenuhi secara tepat peran Dewan
              Komisaris.
              The composition of the Board of
              Commissioners must be formed in such a
              way that its members as a group reflect
              the diversity in terms of abilities, skills,
              knowledge, experience, age, cultural
              background and gender required to
              appropriately fulfill the role of the Board
              of Commissioners.




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                             Kriteria                        Rekomendasi
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                             Criteria                       Recommendation
                                                                                             Company
    2.1.7   Untuk memampukan Dewan Komisaris                      -                             -
            dalam memberikan advis dan supervisi
            secara independen kepada Direksi dan
            untuk peran-peran yang terdapat potensi
            benturan kepentingan, Dewan Komisaris
            terdiri dari Komisaris Independen yang
            cukup jumlahnya, dengan masa jabatan yang
            dibatasi dan terdapat pengungkapan Jangka
            waktu keanggotaan Dewan Komisaris serta
            independensi mereka dari sudut pandang
            korporasi.
            To enable the Board of Commissioners
            to provide independent advice and
            supervision to the Board of Directors and
            for roles where there is a potential conflict
            of interest, the Board of Commissioners
            consists of a sufficient number of
            Independent Commissioners, with limited
            terms of office and disclosure of the term of
            membership of the Board of Commissioners
            and their independence. from a corporate
            perspective.




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                                                                                                            Penjelasan Penerapan di Perseroan
                             Kriteria                               Rekomendasi
      No.                                                                                                 Explanation of Implementation within the
                             Criteria                              Recommendation
                                                                                                                          Company
      2.1.8   Untuk memfasilitasi fungsi Direksi dan 1.     M e l e n g k a p i P i a g a m Ko m i t e   • Memastikan bahwa terdapat proses
              Dewan Komisaris yang efektif dan guna         Nominasi & Remunerasi mengenai:                yang formal, ketat dan transparan untuk
              meningkatkan kepercayaan investor             a. uraian spesifikasi pekerjaan                penunjukan dan pengangkatan anggota
              dan pemangku kepentingan, Komite                   Komisaris Utama, termasuk                 Direksi dan Dewan Komisaris.
              Nominasi dan Remunerasi memastikan                 persyaratan komitmen waktu              • Melakukan pemutakhiran Piagam Komite
              bahwa terdapat proses yang formal, ketat           yang juga mempertimbangkan                Nominasi dan Remunerasi.
              dan transparan untuk penunjukan dan                kebutuhan komitmen waktu                • Menyusun surat pernyataan kesanggupan
              pengangkatan anggota Direksi dan Dewan             pada saat krisis.                         Dewan Komisaris.
              Komisaris.                                    b. s y a r a t d a n k e t e n t u a n       • Ensuring that there is a formal, strict, and
              To facilitate the effective functioning            penunjukan anggota Dewan                  transparent process for the appointment
              of the Board of Directors and Board                Komisaris termasuk memiliki               and election of members of the Board of
              of Commissioners and to increase                   waktu yang cukup untuk                    Directors and the Board of Commissioners.
              investor and stakeholder confidence, the           memenuhi komitmen waktu                 • Updating the Nomination and Remuneration
              Nomination and Remuneration Committee              yang diharapkan, yang                     Committee Charter.
              ensures that there is a formal, strict and         dicantumkan dalam Surat                 • Preparing a statement of willingness for the
              transparent process for the appointment            Pengangkatan anggota Dewan                Board of Commissioners.
              and appointment of members of the Board            Komisaris.
              of Directors and Board of Commissioners. 2.   Memastikan Dewan Komisaris
                                                            Menandatangani Surat Pernyataan
                                                            Kesanggupan Melaksanakan
                                                            Tugas Dewan Komisaris setelah
                                                            pengangkatan.
                                                       3.   Memastikan Komite Nominasi
                                                            dan Remunerasi Menandatangani
                                                            Surat Pernyataan Akan Bertindak
                                                            Independen Dalam Pengawasan
                                                            Operasional pada awal tahun 2024
                                                            dan Pernyataan Telah Bertindak
                                                            Independen Dalam Pengawasan
                                                            Operasional pada akhir tahun 2024.
                                                       1.   Completeness of the Nomination &
                                                            Remuneration Committee Charter
                                                            regarding:
                                                            a. a description of the job
                                                                 specifications for the President
                                                                 Commissioner, including the
                                                                 time commitment requirements,
                                                                 which also consider the time
                                                                 commitment needed during a
                                                                 crisis.
                                                            b. the terms and conditions for
                                                                 the appointment of members
                                                                 of the Board of Commissioners,
                                                                 including having enough time
                                                                 to fulfill the expected time
                                                                 commitments, as stated in
                                                                 the Appointment Letter for
                                                                 members of the Board of
                                                                 Commissioners.
                                                       2.   Ensuring that the Board of
                                                            Commissioners signs a Statement
                                                            of Willingness to Perform Board
                                                            of Commissioners Duties after
                                                            appointment.
                                                       3.   Ensuring that the Nomination and
                                                            Remuneration Committee signs
                                                            a Statement of Independence
                                                            in Operational Oversight at the
                                                            beginning of 2024 and a Statement
                                                            of Having Acted Independently in
                                                            Operational Oversight at the end
                                                            of 2024.




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     No.                                                                                              Explanation of Implementation within the
                             Criteria                               Recommendation
                                                                                                                      Company

    2.2     Remunerasi Direksi dan Dewan Komisaris
            Remuneration of the Board of Directors and Board of Commissioners

    2.2.1   Kebijakan remunerasi anggota Direksi          Melengkapi kebijakan existing atau         Melengkapi kebijakan existing atau menyusun
            terdiri atas struktur remunerasi yang         menyusun kebijakan tersendiri terkait      kebijakan remunerasi (Insentif Jangka Panjang).
            berorientasi pada pengembangan korporasi      dengan ketentuanr remunerasi yang          Complementing existing policies or formulating
            yang berkelanjutan dan mendorong              mengacu pada Peraturan Menteri BUMN        a remuneration policy (Long-Term Incentives).
            pencapaian tujuan jangka panjang.             Nomor: PER-3/MBU/03/2023 tanggal 24
            Remunerasi Direksi harus diusulkan,           Maret 2023 tentang Organ dan Sumber
            dapat dengan melalui Komite Nominasi dan      Daya Manusia BUMN Pasal 109 tentang
            Remunerasi, oleh Dewan Komisaris untuk        Insentif Jangka Panjang ( Long Term
            diputuskan oleh RUPS. Jumlah remunerasi       Incentive).
            yang diusulkan kepada RUPS tersebut           Complementing existing policies or
            ditetapkan dengan mempertimbangkan            preparing separate policies related to
            peran setiap anggota Direksi dan situasi      remuneration provisions referring to the
            ekonomi serta kinerja korporasi.              Ministry of State-Owned Enterprises
            The remuneration policy for members           Regulation No. PER-3/MBU/03/2023
            of the Board of Directors consists            dated March 24, 2023, regarding BUMN
            of a remuneration structure that is           Bodies and Human Resources, Article
            oriented towards sustainable corporate        109 on Long-Term Incentives.
            development and encourages the
            achievement of long-term goals. Directors'
            remuneration must be proposed, possibly
            through the Nomination and Remuneration
            Committee, by the Board of Commissioners
            to be decided by the GMS. The amount
            of remuneration proposed to the GMS
            is determined by considering the role of
            each member of the Board of Directors
            and the economic situation and corporate
            performance.
    2.2.2   Kebijakan remunerasi anggota Dewan                               -                                              -
            Komisaris terdiri atas struktur remunerasi
            yang berorientasi pada pengembangan
            korporasi yang berkelanjutan dan
            mendorong pencapaian tujuan jangka
            panjang. Jumlah remunerasi yang diusulkan
            Dewan Komisaris kepada RUPS tersebut
            ditetapkan dengan mempertimbangkan
            peran setiap anggota Dewan Komisaris dan
            situasi ekonomi serta kinerja korporasi. Di
            samping itu juga harus dipertimbangkan
            posisinya sebagai Komisaris Utama dan
            ketua serta keanggotaannya dalam komite-
            komite.
            The remuneration policy for members of
            the Board of Commissioners consists of
            a remuneration structure that is oriented
            towards sustainable corporate development
            and encourages the achievement of long-
            term goals. The amount of remuneration
            proposed by the Board of Commissioners
            to the GMS is determined by considering
            the role of each member of the Board of
            Commissioners and the economic situation
            and corporate performance. Apart from
            that, consideration must also be given to
            his position as President Commissioner
            and chairman as well as his membership
            in committees.




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                                                                                                                 Penjelasan Penerapan di Perseroan
                                 Kriteria                                     Rekomendasi
      No.                                                                                                      Explanation of Implementation within the
                                 Criteria                                    Recommendation
                                                                                                                               Company
      2.2.3   Untuk memastikan bahwa paket remunerasi                                 -                                               -
              ditentukan berdasarkan prestasi, kualifikasi
              dan kompetensi direktur dan komisaris
              dengan memperhatikan kinerja operasi
              korporasi, kinerja individu dan kondisi
              pasar, Komite Nominasi dan Remunerasi
              memastikan bahwa terdapat prosedur yang
              adil dan transparan untuk menetapkan
              kebijakan remunerasi anggota Direksi dan
              Dewan Komisaris.
              To ensure that remuneration packages are
              determined based on the achievements,
              qualifications and competencies of
              directors and commissioners by taking
              into account corporate operational
              performance, individual performance and
              market conditions, the Nomination and
              Remuneration Committee ensures that
              there are fair and transparent procedures
              for determining remuneration policies for
              members of the Board of Directors and
              Board of Commissioners.

       III    Hubungan Kerja antara Direksi dengan Dewan Komisaris
              Work Relationship between the Board of Directors and Board of Commissioners

       3.1    Sifat Hubungan Kerja
              Nature of Relationship
      3.1.1   Terdapat diskusi yang terbuka antara                 Menyelaraskan ketentuan pelaksanaan        Melakukan pemutakhiran Pedoman Dewan
              Direksi dengan Dewan Komisaris serta                 Rapat Internal Dewan Komisaris dalam       Komisaris.
              di antara para anggota Direksi dan para              Anggaran Dasar Perusahaan dan              Updating the Board of Commissioners'
              anggota Dewan Komisaris. Namun, tetap                Pedoman Dewan Komisaris.                   Guidelines.
              penting menjaga kerahasiaan informasi agar           Aligning the provisions for the Internal
              tidak terjadi kebocoran informasi rahasia.           Board of Commissioners meetings in the
              There are open discussions between                   Company's Articles of Association and
              the Board of Directors and the Board                 the Board of Commissioners' Guidelines.
              of Commissioners as well as between
              members of the Board of Directors and
              members of the Board of Commissioners.
              However, it is still important to maintain the
              confidentiality of information to prevent
              leaks of confidential information.
      3.1.2   Sesuai dengan tugas dan perannya masing-                                -                                               -
              masing, Direksi bekerjasama dengan Dewan
              Komisaris dalam merumuskan misi, visi
              dan strategi korporasi dan secara reguler
              membahas pengimplementasiannya.
              In accordance with their respective
              duties and roles, the Board of Directors
              c o l l a b o ra t e s w i t h t h e B o a r d o f
              Commissioners in formulating the
              corporate mission, vision and strategy and
              regularly discusses their implementation.
      3.1.3   Sekretaris Korporasi memiliki peran                  Memastikan terdapat risalah rapat untuk    Mencatat semua Risalah Rapat Internal Direksi
              penting dalam mendukung efektivitas                  semua rapat yang dilaksanakan.             yaitu pada Rapat Internal Direksi tanggal 17
              hubungan kerja antara Direksi dengan                 Ensuring that meeting minutes are          September 2024 dan 23 September 2024.
              Dewan komisaris, mendorong implementasi              available for all meetings held.           Recording all minutes of the Board of Directors'
              praktek governansi korporat yang                                                                internal meetings, including the meetings on
              baik, termasuk komunikasi yang efektif                                                          September 17, 2024, and September 23, 2024.
              dengan pemegang saham dan pemangku
              kepentingan lainnya.
              The Corporate Secretary has an important
              role in supporting the effectiveness of the
              working relationship between the Board of
              Directors and the Board of Commissioners,
              encouraging the implementation of good
              corporate governance practices, including
              effective communication with shareholders
              and other stakeholders.




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                             Criteria                              Recommendation
                                                                                                             Company
     3.2    Akses informasi Dewan Komisaris
            Access to Information for the Board of Commissioners
    3.2.1   Direksi bertanggung jawab untuk                              -                                      -
            memastikan Dewan Komisaris
            mendapatkan akses informasi yang akurat,
            relevan dan tepat waktu. Dewan Komisaris
            sendiri memastikan bahwa ia memperoleh
            informasi yang memadai. Direksi
            menyediakan informasi kepada Dewan
            Komisaris secara teratur, tanpa penundaan
            dan secara komprehensif tentang semua
            masalah yang relevan dengan korporasi.
            Dewan Komisaris sewaktu-waktu dapat
            meminta Direksi untuk memberikan
            informasi tambahan.
            The Board of Directors is responsible for
            ensuring that the Board of Commissioners
            has access to accurate, relevant and timely
            information. The Board of Commissioners
            itself ensures that it obtains adequate
            information. The Board of Directors
            provides information to the Board
            of Commissioners regularly, without
            delay and comprehensively on all issues
            relevant to the corporation. The Board of
            Commissioners may at any time ask the
            Board of Directors to provide additional
            information.
     3.3    Tanggung jawab Direksi dan Dewan Komisaris atas Dampak Struktur Kepemilikan terhadap Korporasi
            Responsibilities of the Board of Directors and Board of Commissioners on Impacts of the Structure
    3.3.1   Dampak struktur kepemilikan terhadap                         -                                      -
            korporasi.
            Direksi dan Dewan Komisaris
            mempertimbangkan tanggung jawabnya
            dalam konteks struktur kepemilikan
            saham dan hubungan antar-pemegang
            saham korporasi yang mungkin berdampak
            terhadap pengelolaan dan operasi
            korporasi.
            The impact of ownership structure on
            corporations.
            The Board of Directors and Board
            of Commissioners consider their
            responsibilities in the context of the share
            ownership structure and relationships
            between corporate shareholders that may
            have an impact on the management and
            operations of the corporation.




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                                                                                 Penjelasan Penerapan di Perseroan
                               Kriteria                        Rekomendasi
      No.                                                                      Explanation of Implementation within the
                               Criteria                       Recommendation
                                                                                               Company

       IV     Perilaku Etis dan Bertanggung Jawab
              Ethical and Responsible Conduct

       4.1    Pedoman Etika dan Perilaku
              Code of Conduct
      4.1.1   Pernyataan ini dituangkan dalam Pedoman
              Perilaku dan Etika Usaha yang harus secara
              jelas mengungkapkan harapan korporasi
              bahwa setiap anggota Direksi dan Dewan
              Komisaris serta karyawan akan:
              • Bertindak untuk kepentingan terbaik
                 korporasi;
              • Bertindak dengan jujur dan dengan
                 integritas berstandar tinggi;
              • Bersikap independen dan bertindak
                 berdasarkan informasi yang lengkap,
                 dengan itikad baik, dengan uji tuntas
                 dan kehati-hatian.
              • Mematuhi peraturan perundang-
                 undangan yang berlaku bagi korporasi
                 dan operasinya;
              • Menghindari tindakan yang melanggar
                 peraturan perundang-undangan atau
                 tindakan yang tidak etis berdasarkan
                 pedoman etika korporasi;
              • Tidak terlibat atau berpartisipasi
                 dalam kegiatan apapun yang akan
                 menimbulkan benturan kepentingan
                 dengan kepentingan terbaik korporasi
                 atau yang akan berdampak negatif
                 terhadap reputasi korporasi;
              • Tidak mengambil manfaat atas
                 properti atau informasi yang dimiliki
                 korporasi, kepemilikan aset lainnya atau
                 pelanggannya untuk kepentingan pribadi
                 atau yang menyebabkan kerugian bagi
                 korporasi dan pelanggannya;
              • Tidak memanfaatkan jabatannya atau
                 peluang yang dihasilkan oleh jabatannya
                 untuk kepentingan pribadi;
              • Menghindari perbuatan meminta atau
                 menerima dari pihak ketiga pembayaran,
                 gratifikasi atau keuntungan lain untuk
                 dirinya sendiri atau untuk orang lain yang
                 menimbulkan benturan kepentingan/
                 memberikan keuntungan kepada pihak
                 ketiga secara melanggar peraturan
                 perundang-undangan;
              • Menghormati perbedaan pendapat dan
                 hak-hak setiap anggota Direksi, Dewan
                 Komisaris, dan karyawan;
              • Memastikan pengungkapan yang
                 lengkap, adil, akurat, tepat waktu, dan
                 dapat dipahami dalam laporan dan
                 dokumen yang disampaikan korporasi
                 kepada regulator dan dalam komunikasi
                 publik lainnya.




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                                                                                                         Penjelasan Penerapan di Perseroan
                             Kriteria                                 Rekomendasi
     No.                                                                                               Explanation of Implementation within the
                             Criteria                                Recommendation
                                                                                                                       Company
            This statement is outlined in the Code                             -                                          -
            of Business Conduct and Ethics which
            must clearly express the corporation's
            expectations that each member of the Board
            of Directors and Board of Commissioners
            as well as employees will:
            • Acting in the best interests of the
               corporation;
            • Act honestly and with high standards of
               integrity;
            • Be independent and act on complete
               information, in good faith, with due
               diligence and care.
            • Comply with the laws and regulations
               that apply to the corporation and its
               operations;
            • Avoid actions that violate laws and
               regulations or unethical actions based
               on corporate ethical guidelines;
            • Not be involved or participate in any
               activities that will create a conflict of
               interest with the best interests of the
               corporation or that will have a negative
               impact on the corporation's reputation;
            • Do not take advantage of property or
               information owned by the corporation,
               ownership of other assets or its
               customers for personal gain or which
               causes losses to the corporation and its
               customers;
            • Not taking advantage of his position
               or the opportunities generated by his
               position for personal gain;
            • Avoid acts of requesting or receiving
               from third parties payments, gratuities
               or other benefits for oneself or for
               other people which creates a conflict
               of interest/providing benefits to
               third parties in violation of statutory
               regulations;
            • Respect differences of opinion and the
               rights of every member of the Board of
               Directors, Board of Commissioners and
               employees;
            • Ensure complete, fair, accurate, timely
               and understandable disclosure in
               reports and documents submitted by the
               corporation to regulators and in other
               public communications.
    4.1.2   Direksi menetapkan kebijakan dan praktik       Memastikan Perusahaan menerapkan            Menyusun kebijakan SMAP berdasarkan ISO
            anti pencucian uang dan pendanaan              kebijakan tersendiri terkait Sistem         37001.
            terorisme, anti suap, antikorupsi,             Manajemen Anti Penyuapan (SMAP)             Formulating the ABMS policy based on ISO
            antikecurangan (antifraud), keterlibatan       dan melakukan sertifikasi.                  37001.
            dalam politik dengan mengacu pada standar      Ensuring that the Company implements
            nasional atau internasional mengenai anti      its own policy regarding the Anti-Bribery
            pencucian uang, anti suap, antikorupsi,        Management System (ABMS) and obtains
            antikecurangan atau standar terkait lainnya.   certification.
            The Board of Directors determines policies
            and practices for anti-money laundering
            and terrorism financing, anti-bribery,
            anti-corruption, anti-fraud, involvement
            in politics by referring to national or
            international standards regarding anti-
            money laundering, anti-bribery, anti-
            corruption, anti-fraud or other related
            standards.




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                                                                                                      Penjelasan Penerapan di Perseroan
                               Kriteria                               Rekomendasi
      No.                                                                                           Explanation of Implementation within the
                               Criteria                              Recommendation
                                                                                                                    Company
       4.2    Nilai-Nilai dan Budaya Organisasi
              Corporate Values and Culture
      4.2.1   Korporasi mengartikulasikan,                                   -                                            -
              menumbuhkan dan mengungkapkan
              budaya dan nilainilai korporasi
              Corporations articulate, cultivate and
              express corporate culture and values
       4.3    Komunikasi dan Penegakan Pedoman Etika, Nilai-nilai dan Budaya
              Enforcement and Communication of the Code of Ethics, Values, and Culture
      4.3.1   Pedoman perilaku dan kode etik korporasi                       -                                            -
              dikomunikasikan secara efektif kepada
              Direksi, Dewan Komisaris, serta seluruh
              karyawan, diintegrasikan ke dalam strategi
              dan operasi korporasi termasuk sistem
              manajemen risiko dan struktur remunerasi,
              serta ditegakkan.
              The corporate code of conduct and ethics
              are communicated effectively to the Board
              of Directors, Board of Commissioners and
              all employees, integrated into corporate
              strategy and operations including the risk
              management system and remuneration
              structure, and enforced.

       V      Manajemen Risiko, Pengendalian Internal dan Kepatuhan
              Risk Management, Internal Contorl and Compliance

       5.1    Pengendalian Internal dan Kepatuhan
              Internal Control and Compliance
      5.1.1   Direksi melakukan reviu secara berkala        Melakukan audit atas kepatuhan         Perusahaan telah melakukan Pengendalian
              atas ketepatan desain dan efektivitas         Perusahaan terhadap peraturan          Internal berdasarkan Surat Kantor Akuntan
              operasional sistem governansi, pengelolaan    perundang-undangan yang berlaku.       Publik Rintis, Jumadi, Rianto & Rekan (PWC)
              risiko, pengendalian internal dan kepatuhan   Conducting an audit of the Company's   tanggal 11 Oktober 2024 tentang Laporan
              korporasi dan melaporkan pelaksanaan dan      compliance with applicable laws and    Atas Pengendalian Internal, secara garis
              hasil reviu kepada para pemegang saham        regulations.                           besar laporan tersebut mengaudit laporan
              melalui laporan tahunan Korporasi.                                                   keuangan interim PT Garuda Maintenance
              The Board of Directors carries out regular                                           Facility Aero Asia Tbk dan entitas anak untuk
              reviews of the accuracy of the design and                                            periode yang berakhir pada tanggal 30 Juni
              operational effectiveness of the governance                                          2024 dan juga penelaahan beberapa aspek
              system, risk management, internal control                                            sistem pengendalian internal dan prosedur
              and corporate compliance and reports the                                             akuntansi Perusahaan, termasuk pengendalian
              implementation and results of the review                                             dalam teknologi informasi yang digunakan.
              to shareholders through the Corporation's                                            The Company has conducted an internal
              annual report.                                                                       control based on the letter from the Public
                                                                                                   Accounting Firm Rintis, Jumadi, Rianto & Rekan
                                                                                                   (PWC) dated October 11, 2024, regarding
                                                                                                   the Internal Control Report, which broadly
                                                                                                   audits the interim financial statements of PT
                                                                                                   Garuda Maintenance Facility Aero Asia Tbk
                                                                                                   and its subsidiaries for the period ending June
                                                                                                   30, 2024, and also reviews several aspects of
                                                                                                   the Company's internal control system and
                                                                                                   accounting procedures, including controls in
                                                                                                   the information technology used.




                                                                                                                                                     213
                                                                                                                PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                         Facility Aero Asia Tbk
Page 214
                                                                                        Penjelasan Penerapan di Perseroan
                              Kriteria                            Rekomendasi
     No.                                                                              Explanation of Implementation within the
                              Criteria                           Recommendation
                                                                                                      Company
     5.2    Manajemen Risiko
            Risk Maangement
    5.2.1   Strategi dan risiko merupakan satu -                                  -
            kesatuan, diungkapkan secara transparan,
            masuk ke dalam pelaksanaan tugas dan
            tanggung jawab Direksi dan Dewan
            Komisaris, serta dalam diskusi di rapat
            Dewan Komisaris dan Direksi.
            S t ra t e g y a n d r i s k a r e o n e u n i t ,
            disclosed transparently, included in
            the implementation of the duties and
            responsibilities of the Board of Directors
            and Board of Commissioners, as well as
            in discussions at meetings of the Board of
            Commissioners and Board of Directors.
    5.2.2   Komite Pemantau Manajemen Risiko                             -                               -
            membantu pelaksanaan tugas Dewan
            Komisaris dengan menciptakan mekanisme
            yang transparan, fokus, dan independen
            dalam pengawasan manajemen risiko
            korporasi.
            The Risk Management Monitoring
            Committee assists the implementation of
            the duties of the Board of Commissioners
            by creating a transparent, focused and
            independent mechanism for supervising
            corporate risk management.
     5.3    Integrasi Governansi, Manajemen Risiko dan Kepatuhan
            Integration of Governance, Risk Management, and Compliance
    5.3.1   Direksi membangun sistem governansi,                         -                               -
            manajemen risiko, dan kepatuhan (GRC)
            yang terintegrasi, dengan menangani
            berbagai ketidakpastian secara terpadu
            dan dengan integritas yang tinggi, untuk
            meyakinkan bahwa korporasi dapat
            mencapai tujuannya.
            The Board of Directors has built an
            integrated governance, risk management
            and compliance (GRC) system, by handling
            various uncertainties in an integrated
            manner and with high integrity, to ensure
            that the corporation can achieve its goals.
    5.3.2   Direksi memastikan bahwa bagian yang                         -                               -
            membawahi fungsi kepatuhan tidak
            merangkap melaksanakan fungsi yang
            berpotensi menimbulkan benturan
            kepentingan.
            The Board of Directors ensures that the
            department in charge of the compliance
            function does not concurrently carry out
            functions that have the potential to cause
            a conflict of interest.




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                                                                                                   Corporate Governance




                                                                                  Penjelasan Penerapan di Perseroan
                               Kriteria                         Rekomendasi
      No.                                                                       Explanation of Implementation within the
                               Criteria                        Recommendation
                                                                                                Company
       5.4    Audit Internal
              Internal Audit
      5.4.1   Dewan Komisaris melalui Komite Audit                   -                               -
              memantau dan memastikan bahwa fungsi
              audit internal membantu korporasi untuk
              mencapai tujuannya dengan membawa
              pendekatan yang objektif dan disiplin untuk
              mengevaluasi dan meningkatkan efektivitas
              manajemen risiko, pengendalian internal,
              dan governansi korporat.
              The Board of Commissioners, through the
              Audit Committee, monitors and ensures
              that the internal audit function helps the
              corporation to achieve its goals by bringing
              an objective and disciplined approach to
              evaluating and improving the effectiveness
              of risk management, internal control and
              corporate governance.

       VI     Pengungkapan dan Transparansi
              Disclosure and Transparency

       6.2    Kebijakan Pengungkapan
              Disclosure Policy
      6.1.1   Korporasi memiliki kebijakan dan prosedur              -                               -
              pengungkapan dan transparansi yang
              memastikan pengungkapan informasi
              material dan menjaga informasi sensitif
              serta rahasia korporasi.
              The corporation has disclosure and
              transparency policies and procedures that
              ensure disclosure of material information
              and safeguard sensitive information and
              corporate secrets.
      6.1.2   Hak pemegang saham untuk memperoleh                    -                               -
              secara teratur dan tepat waktu informasi
              material yang relevan tentang korporasi
              harus dipenuhi.
              Shareholders' rights to obtain regularly
              and in a timely manner relevant material
              information about the corporation must
              be fulfilled.
       6.2    Laporan Keuangan dan Keberlanjutan
              Financial Statements and Sustainability Report
      6.2.1   Korporasi mengungkapkan sistem dan                     -                               -
              prosedur untuk memastikan bahwa
              laporan keuangan interim yang tidak
              diaudit atau direviu oleh auditor eksternal
              secara material adalah akurat, lengkap,
              dan memberikan investor informasi yang
              tepat untuk membuat keputusan investasi
              yang tepat.
              The Corporation discloses systems and
              procedures to ensure that interim financial
              reports that have not been audited or
              reviewed by an external auditor are
              materially accurate, complete, and provide
              investors with appropriate information to
              make informed investment decisions.




                                                                                                                           215
                                                                                           PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                    Facility Aero Asia Tbk
Page 216
                                                                                                         Penjelasan Penerapan di Perseroan
                             Kriteria                                  Rekomendasi
     No.                                                                                               Explanation of Implementation within the
                             Criteria                                 Recommendation
                                                                                                                       Company
    6.2.2   Komite Audit memastikan kualitas audit                             -                                            -
            laporan keuangan yang dilaksanakan
            oleh auditor eksternal. Kegiatan ini
            termasuk merekomendasikan penunjukan,
            penunjukan kembali dan, jika perlu,
            pemberhentian dan remunerasi auditor
            eksternal.
            The Audit Committee ensures the quality
            of financial report audits carried out
            by external auditors. These activities
            include recommending the appointment,
            reappointment and, if necessary, dismissal
            and remuneration of external auditors.
    6.2.3   Laporan keberlanjutan harus disiapkan dan                          -                                            -
            diungkapkan dengan akurat dan disusun
            sesuai kerangka pelaporan keberlanjutan
            nasional atau internasional.
            Sustainability reports must be prepared
            and disclosed accurately and prepared in
            accordance with national or international
            sustainability reporting frameworks.
    6.2.4   Korporasi menerbitkan laporan tahunan                              -                                            -
            secara terintegrasi yang menempatkan
            kinerja historis ke dalam konteks dan
            menggambarkan risiko, peluang, dan
            prospek korporasi di masa depan, sehingga
            membantu pemegang saham dan pemangku
            kepentingan memahami tujuan strategis
            korporasi dan kemajuannya dalam
            menciptakan nilai yang berkelanjutan.
            Corporations publish integrated annual
            reports that put historical performance into
            context and describe the corporation's risks,
            opportunities and future prospects, thereby
            helping shareholders and stakeholders
            understand the corporation's strategic
            objectives and its progress in creating
            sustainable value.
     6.3    Diseminasi Informasi
            Information Dissemination
    6.3.1   Saluran penyebaran informasi harus              Mengadakan pertemuan secara berkala       Fungsi IR belum melaksanakan pertemuan
            menyediakan akses yang setara, tepat            dengan analis keuangan.                   dengan analis dan investor maupun komunitas
            waktu, dan relatif murah untuk informasi        Holding regular meetings with financial   pasar modal lainnya.
            yang relevan bagi pengguna.                     analysts.                                 The IR function has not yet held meetings with
            Information dissemination channels                                                        analysts, investors, or other capital market
            should provide equal, timely and relatively                                               communities.
            inexpensive access to relevant information
            for users.
    6.3.2   Korporasi memastikan bahwa pernyataan                              -                                            -
            tahunan terhadap penerapan Pedoman
            Umum Governansi Korporat Indonesia,
            termasuk penjelasan atas penerapan atas
            masing-masing Rekomendasi dan Panduan
            tersedia di situs web selama jangka waktu
            minimal lima tahun.
            The Corporation ensures that an annual
            statement regarding the implementation
            of the General Guidelines for Indonesian
            Corporate Governance, including an
            explanation of the implementation of each
            Recommendation and Guide is available
            on the website for a minimum period of
            five years.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                                                   Corporate Governance




                                                                                                                  Penjelasan Penerapan di Perseroan
                                 Kriteria                                   Rekomendasi
      No.                                                                                                       Explanation of Implementation within the
                                 Criteria                                  Recommendation
                                                                                                                                Company
      6.3.3   Untuk korporasi yang terdaftar di pasar                               -                                                -
              modal di yurisdiksi selain yurisdiksi asal,
              peraturan perundang-undangan atas
              governansi korporat yang berlaku harus
              diungkapkan dengan jelas. Dalam hal cross
              listing, kriteria dan prosedur cross listing,
              kriteria dan prosedur untuk mengakui
              persyaratan listing untuk listing utama
              harus transparan dan didokumentasikan.
              For corporations listed on the capital
              market in jurisdictions other than the
              home jurisdiction, the applicable corporate
              governance laws and regulations must be
              clearly disclosed. In the case of cross listing,
              cross listing criteria and procedures, criteria
              and procedures for recognizing listing
              requirements for the main listing must be
              transparent and documented.

       VII    Perlindungan terhadap Hak-Hak Pemegang Saham
              Protection of the Rights of Shareholders

       7.1    Hak Pemegang Saham
              Rights o Shareholders
      7.1.1   Korporasi memiliki suatu kebijakan                 Menyediakan informasi harga saham          Perusahaan telah mengatur mengenai
              komunikasi yang memfasilitasi dan                  terkini di website Perusahaan, pada menu   pengungkapan informasi kepada publik dalam
              mendorong partisipasi pemegang saham               Hubungan Investor sub menu Harga           Kebijakan Komunikasi Perusahaan Nomor:
              atau investor                                      Saham, serta melakukan pembaruan           KB-06-003 tanggal 8 Januari 2019 pada angka
              The corporation has a communications               informasi harga saham secara berkala       3 tentang Ketentuan Umum Komunikasi, yang
              policy that facilitates and encourages             untuk mendukung keterbukaan informasi      meliputi: Komunikasi Internal, Komunikasi
              shareholder or investor participation              dan prinsip Tata Kelola Perusahaan yang    Eksternal, dan Corporate Identity, dan
                                                                 Baik.                                      Komunikasi Krisis. Adapun dalam website
                                                                 Providing the latest stock price           telah mengungkapkan keterbukaan informasi
                                                                 information on the Company's website,      yang tersedia bagi analis keuangan dan pihak
                                                                 under the Investor Relations menu, sub-    lainnya yang serupa antara lain pada menu
                                                                 menu Stock Price, and regularly updating   Hubungan Investor sub menu Laporan RUPS,
                                                                 the stock price information to support     Laporan Keuangan, Harga Saham. Selain itu
                                                                 transparency and the principles of Good    pengungkapan juga dilakukan dalam website
                                                                 Corporate Governance.                      Bursa Efek Indonesia www.idx.co.id.
                                                                                                            The Company has regulated public information
                                                                                                            disclosure in the Corporate Communication
                                                                                                            Policy No. KB-06-003 dated January 8, 2019,
                                                                                                            in section 3 on General Communication
                                                                                                            Provisions, which includes: Internal
                                                                                                            Communication, External Communication,
                                                                                                            Corporate Identity, and Crisis Communication.
                                                                                                            The website has disclosed available information
                                                                                                            for financial analysts and other similar parties,
                                                                                                            including in the Investor Relations menu,
                                                                                                            sub-menu Annual General Meeting Reports,
                                                                                                            Financial Reports, Stock Price. Additionally,
                                                                                                            disclosures are also made on the Indonesia
                                                                                                            Stock Exchange website at www.idx.co.id.
      7.1.2   Korporasi yang merupakan entitas induk -                                                      -
              memastikan bahwa kebijakan governansi
              korporatnya berlaku bagi entitas anak dan
              entitas sepengendali yang di dalamnya
              investasi korporasi adalah signifikan.
              The corporation, which is the parent entity,
              ensures that its corporate governance
              policies apply to subsidiaries and entities
              under common control in which the
              corporation's investment is significant.




                                                                                                                                                                217
                                                                                                                           PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                    Facility Aero Asia Tbk
Page 218
                                                                                                            Penjelasan Penerapan di Perseroan
                             Kriteria                                   Rekomendasi
     No.                                                                                                  Explanation of Implementation within the
                             Criteria                                  Recommendation
                                                                                                                          Company
    7.1.3   Korporasi memiliki aturan dan prosedur          Melengkapi Kebijakan Pengembangan            Perusahaan telah memiliki aturan dan prosedur
            yang mengatur akuisisi, pengambilalihan,        Kerja Sama Strategis dengan ketentuan        yang mengatur akuisisi, pengambilalihan,
            dan transaksi luar biasa seperti merger dan     terkait taktik yang mencegah                 dan transaksi luar biasa seperti merger dan
            penjualan aset korporasi yang substansial       pengambilalihan yang tidak boleh             penjualan aset Perusahaan yang substansial,
            untuk memastikan transaksi terjadi secara       dilakukan dalam rangka untuk melindungi      sebagaimana tercantum dalam Kebijakan
            transparan dan dalam kondisi yang wajar         manajemen dan Dewan Komisaris dari           Pengembangan Kerja Sama Strategis PT
            dan melindungi hak-hak semua pemegang           akuntabilitas.                               Garuda Maintenance Facility Aero Asia Tbk
            saham sesuai dengan kelasnya.                   Complete the Strategic Partnership           Nomor: KB-01-004 Edisi D Revisi: 0 tanggal
            Corporations have rules and procedures          Development Policy with provisions           7 Desember 2020.
            governing acquisitions, takeovers and           related to tactics that prevent takeovers
            extraordinary transactions such as mergers      that should not be carried out in order to   Namun saat ini, belum terdapat ketentuan yang
            and sales of substantial corporate assets to    protect the management and the Board         mengatur mengenai taktik yang mencegah
            ensure transactions occur transparently         of Commissioners from accountability.        pengambilalihan (anti take over devices) yang
            and under fair conditions and protect the                                                    tidak boleh digunakan dalam rangka untuk
            rights of all shareholders according to their                                                melindungi manajemen dan Dewan Komisaris
            class.                                                                                       dari akuntabilitas.
                                                                                                         The company has rules and procedures
                                                                                                         that govern acquisitions, takeovers, and
                                                                                                         extraordinary transactions such as mergers
                                                                                                         and the sale of substantial company assets,
                                                                                                         as outlined in PT Garuda Maintenance
                                                                                                         Facility Aero Asia Tbk's Strategic Partnership
                                                                                                         Development Policy No: KB-01-004 Edition D
                                                                                                         Revision: 0 dated December 7, 2020.

                                                                                                         However, currently, there are no provisions
                                                                                                         governing tactics that prevent takeovers (anti-
                                                                                                         takeover devices) that should not be used in
                                                                                                         order to protect the management and the
                                                                                                         Board of Commissioners from accountability.




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                                                                                                              Penjelasan Penerapan di Perseroan
                               Kriteria                                   Rekomendasi
      No.                                                                                                   Explanation of Implementation within the
                               Criteria                                  Recommendation
                                                                                                                            Company
       7.2    Perlakuan Adil Terhadap Pemegang Saham
              Fair Treatment to all Shareholders
      7.2.1   Korporasi memiliki aturan dan prosedur          Menyusun, menetapkan dan                     Perusahaan memiliki kebijakan terkait
              yang memastikan a). semua pemegang              mengimplementasikan mekanisme/               Pemegang Saham yang tercantum dalam
              saham dari seri yang sama dalam                 prosedur yang memungkinkan pemegang          Pedoman Tata Kelola Perusahaan PT Garuda
              satu kelas saham harus diperlakukan             saham memiliki kesempatan untuk              Maintenance Facility Aero Asia Tbk Edisi A
              setara, b).pengungkapan aturan dan              mendapatkan ganti rugi yang efektif          Revisi 2 tanggal 29 Desember 2022 pada angka
              prosedur tersebut serta pengungkapan            atas pelanggaran hak-hak mereka sesuai       3 Organ Perseroan poin 3.2 tentang Rapat
              struktur modal dan pengaturan yang              dengan                                       Umum Pemegang Saham (RUPS) butir 3.2.3
              memungkinkan pemegang saham tertentu            peraturan perundangan yang berlaku           tentang Kesetaraan Terhadap Para Pemegang
              memeroleh pengaruh atau kendali yang            dengan biaya yang wajar dan tanpa            Saham, yang menjelaskan bahwa “Perseroan
              tidak proporsional dengan kepemilikan           penundaan yang berlebihan.                   menjamin perlakuan yang setara (equitability)
              sahamnya.                                       To formulate, establish, and implement       terhadap setiap Pemegang Saham yang
              Corporations have rules and procedures          mechanisms/procedures that allow             memiliki saham dengan klasifikasi yang sama
              that ensure all shareholders of the same        shareholders the opportunity to obtain       (Equal Treatment). Setiap Pemegang Saham
              series in one class of shares must be treated   effective compensation for violations of     berhak mengeluarkan suara sesuai dengan
              equally, b). disclosure of such rules and       their rights in accordance with applicable   klasifikasi dan jumlah yang dimiliki.
              procedures as well as disclosure of capital     laws and regulations, at a reasonable cost
              structures and arrangements that allow          and without excessive delay.                 Perusahaan menentukan rasio pembayaran
              certain shareholders to obtain influence                                                     maksimum sebesar 30% dari laba tahun berjalan
              or control that is disproportionate to their                                                 dengan memperhitungkan laba bersih, ketersediaan
              share ownership.                                                                             dana cadangan, persyaratan belanja modal,
                                                                                                           hasil usaha, dan kas. Perusahaan juga telah
                                                                                                           mengungkapkan informasi mengenai hak Pemegang
                                                                                                           Saham.
                                                                                                           The Company has a policy regarding
                                                                                                           shareholders as outlined in the Corporate
                                                                                                           Governance Guidelines of PT Garuda
                                                                                                           Maintenance Facility Aero Asia Tbk, Edition
                                                                                                           A, Revision 2, dated December 29, 2022, in
                                                                                                           section 3, Corporate Bodies, point 3.2 on
                                                                                                           General Meetings of Shareholders (GMS), item
                                                                                                           3.2.3 on Equality Among Shareholders, which
                                                                                                           states that "The Company guarantees equal
                                                                                                           treatment (equity) for each shareholder who
                                                                                                           holds shares of the same classification (Equal
                                                                                                           Treatment). Each shareholder is entitled to cast
                                                                                                           votes in accordance with the classification and
                                                                                                           quantity of shares they hold.

                                                                                                           The Company has determined a maximum
                                                                                                           payout ratio of 30% of the current year's profit,
                                                                                                           taking into account net profit, reserve fund
                                                                                                           availability, capital expenditure requirements,
                                                                                                           operating results, and cash. The company
                                                                                                           has also disclosed information regarding
                                                                                                           shareholders' rights.




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                                                                                                         Penjelasan Penerapan di Perseroan
                             Kriteria                                Rekomendasi
     No.                                                                                               Explanation of Implementation within the
                             Criteria                               Recommendation
                                                                                                                       Company
    7.2.2   Korporasi memiliki aturan dan prosedur        Menyusun, menetapkan dan                    Pengungkapan Informasi Transaksi Material
            yang memastikan transaksi pihak berelasi      mengimplementasikan secara konsisten        yang Mengandung Benturan Kepentingan dan/
            disetujui dan dilaksanakan sedemikian rupa    kebijakan yang mengatur terkait             atau Transaksi dengan Pihak
            yang dapat meyakinkan bahwa benturan          pelarangan                                  Afiliasi/Pihak Berelasi telah diungkapkan
            kepentingan telah dikelola dengan tepat,      transaksi yang sudah pasti merugikan        dalam Laporan Tahunan Tahun Buku 2023
            dan melindungi kepentingan korporasi dan      pemegang saham publik/minoritas.            pada halaman 147-150. Dalam
            pemegang saham.                               To formulate, establish, and consistently   penjelasan tersebut telah memuat penjelasan
            Corporation has rules and procedures          implement a policy that governs the         mengenai Pernyataan Direksi dan Dewan
            that ensure related party transactions are    prohibition of transactions that are        Komisaris sebagai berikut “Direksi Perusahaan,
            approved and implemented in a manner          clearly detrimental to public/minority      baik secara sendiri-sendiri maupun bersama-
            that ensures that conflicts of interest       shareholders.                               sama bertanggung jawab sepenuhnya atas
            are managed appropriately, and protects                                                   kebenaran dan informasi mengenai serangkaian
            the interests of the corporation and                                                      transaksi afiliasi yang dilakukan Perseroan pada
            shareholders.                                                                             tahun 2023. Dewan Komisaris, bersama-sama
                                                                                                      dengan Komite Audit, juga telah melakukan
                                                                                                      pengawasan yang memadai terhadap setiap
                                                                                                      transaksi afiliasi yang dilakukan di sepanjang
                                                                                                      tahun 2023. Direksi dan Dewan Komisaris
                                                                                                      telah melakukan analisa secara seksama dan
                                                                                                      menegaskan
                                                                                                      bahwa transaksi afiliasi telah melalui prosedur
                                                                                                      yang memadai dan dilaksanakan sesuai dengan
                                                                                                      praktik bisnis yang berlaku
                                                                                                      umum.”
                                                                                                      The disclosure of material transactions
                                                                                                      involving conflicts of interest and/or
                                                                                                      transactions with affiliated parties/related
                                                                                                      parties has been disclosed in the 2023 Annual
                                                                                                      Report on pages 147-150. The explanation
                                                                                                      includes a statement from the Board of
                                                                                                      Directors and Board of Commissioners
                                                                                                      as follows: "The Board of Directors, both
                                                                                                      individually and collectively, is fully responsible
                                                                                                      for the accuracy and information regarding
                                                                                                      the series of affiliate transactions conducted
                                                                                                      by the Company in 2023. The Board of
                                                                                                      Commissioners, together with the Audit
                                                                                                      Committee, has also provided adequate
                                                                                                      oversight of each affiliate transaction carried
                                                                                                      out throughout 2023. The Board of Directors
                                                                                                      and the Board of Commissioners have
                                                                                                      conducted a thorough analysis and affirmed
                                                                                                      that the affiliate transactions have followed
                                                                                                      proper procedures and were carried out in
                                                                                                      accordance with generally accepted business
                                                                                                      practices."
    7.2.3   Korporasi memiliki dan mengungkapkan                              -                                                -
            kebijakan untuk mencegah terjadinya
            insider trading. Korporasi memiliki aturan
            yang jelas mengenai perdagangan apa pun
            dalam saham korporasi yang dilakukan oleh
            direktur, komisaris dan orang dalam untuk
            memastikan bahwa siapapun tidak boleh
            mendapatkan keuntungan secara langsung
            atau tidak langsung dari informasi yang
            tidak/belum tersedia di pasar.
            Corporations have and disclose policies
            to prevent insider trading. Corporations
            have clear rules regarding any trading in
            corporate shares carried out by directors,
            commissioners and insiders to ensure that
            anyone cannot profit directly or indirectly
            from information that is not/not yet
            available on the market.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                                             Tata Kelola Perusahaan
                                                                                                                              Corporate Governance




                                                                                                           Penjelasan Penerapan di Perseroan
                               Kriteria                                Rekomendasi
      No.                                                                                                Explanation of Implementation within the
                               Criteria                               Recommendation
                                                                                                                         Company
       7.3    Rapat Umum Pemegang Saham
              General Meeting of Shareholders
      7.3.1   Korporasi melakukan panggilan RUPS            Melakukan pemanggilan RUPS paling           Perusahaan telah melakukan pemberitahuan
              dengan agenda dan materi RUPS selengkap       lambat 28 (dua puluh delapan) hari          rencana penyelenggaraan RUPS Tahunan dan
              dan sedini mungkin (paling lambat 28 hari     sebelum pelaksanaan RUPS sesuai             penyelenggaraan RUPS Luar Biasa pada tanggal
              sebelum RUPS) untuk memberikan waktu          ketentuan parameter penilaian PUG-KI.       28 Juni 2024 dengan dirilisnya Pemanggilan
              dan materi yang cukup bagi pemegang           To convene the GMS no later than 28         RUPS Tahunan dan RUPS Luar Biasa tanggal
              saham untuk mempelajari dengan baik           (twenty-eight) days before the GMS is       28 Juni 2024 yang dipublikasikan pada situs
              agenda rapat. Undangan rapat dan seluruh      held, in accordance with the PUG-KI         web Perusahaan www.gmf-Aero Asia.co.id,
              informasi RUPS diungkapkan melalui            assessment criteria.                        dimana kesemuanya terbit pada tanggal 6 Juni
              sarana elektronik seperti melalui situs                                                   2024. Pemanggilan RUPS tersebut adalah 22
              web korporasi.                                                                            (dua puluh dua) hari sebelum tanggal RUPS.
              The corporation calls for a GMS with the                                                  The Company has notified the plan for the
              GMS agenda and materials as complete and                                                  Annual GMS and Extraordinary GMS on June
              as early as possible (no later than 28 days                                               28, 2024, with the release of the GMS Notice
              before the GMS) to provide sufficient time                                                on June 28, 2024, published on the company's
              and materials for shareholders to properly                                                website www.gmf-Aero Asia.co.id, all of which
              study the meeting agenda. Meeting                                                         were issued on June 6, 2024. The GMS notice
              invitations and all GMS information are                                                   was issued 22 (twenty-two) days before the
              disclosed via electronic means such as                                                    GMS date.
              through the corporate website.
      7.3.2   Korporasi memiliki dan mengungkapkan                              -                                               -
              aturan dan prosedur yang memfasilitasi
              pemegang saham dalam berpartisipasi dan
              memberikan suara secara efektif di RUPS.
              The corporation has and discloses rules and
              procedures that facilitate shareholders in
              participating and voting effectively at the
              GMS.
      7.3.3   Pemegang saham berpartisipasi efektif                             -                                               -
              dalam menetapkan penunjukan anggota
              Direksi dan Dewan Komisaris
              Shareholders participate effectively in
              determining the appointment of members
              of the Board of Directors and Board of
              Commissioners
      7.3.4   Korporasi memastikan transparansi dan         Mencantumkan dalam Pemanggilan              Dalam Pemanggilan RUPS Tahunan Tahun
              akuntabilitas auditor eksternal di RUPS.      RUPS secara rinci mengenai penunjukan       Buku 2023 tanggal 28 Juni 2024 pada Mata
              The corporation ensures transparency and      dan/atau penunjukan kembali KAP,            Acara Rapat Keempat yaitu Penunjukan Kantor
              accountability of external auditors at the    dengan menyebutkan nama KAP, nama           Akuntan Publik untuk Mengaudit Laporan
              GMS.                                          auditor, serta alasan penunjukan kembali.   Keuangan Perseroan Tahun Buku 2024.
                                                            Include in the GMS Notice detailed          Pemanggilan RUPS tersebut tidak menjelaskan
                                                            information regarding the appointment       secara rinci mengenai Kantor Akuntan Publik
                                                            and/or reappointment of the Public          (KAP) yang ditunjuk. Penunjukan KAP dalam
                                                            Accounting Firm (KAP), specifying the       RUPS Tahunan Tahun Buku 2023 tanggal 28
                                                            name of the KAP, the name of the auditor,   Juni 2024 merupakan penunjukan kembali,
                                                            and the reasons for the reappointment.      karena KAP yang sama masih terikat kontrak
                                                                                                        kerja sama audit untuk tahun berjalan.
                                                                                                        In the Notice of the Annual GMS for the Fiscal
                                                                                                        Year 2023, dated June 28, 2024, under the
                                                                                                        fourth agenda item, which is the Appointment
                                                                                                        of the Public Accounting Firm to Audit the
                                                                                                        Company's Financial Statements for the Fiscal
                                                                                                        Year 2024, the notice does not provide detailed
                                                                                                        information regarding the appointed Public
                                                                                                        Accounting Firm (KAP). The appointment of
                                                                                                        the KAP in the Annual General Meeting of
                                                                                                        Shareholders for the Fiscal Year 2023, dated
                                                                                                        June 28, 2024, is a reappointment, as the same
                                                                                                        KAP is still under contract for the current year.




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                                                                                                               Penjelasan Penerapan di Perseroan
                             Kriteria                                   Rekomendasi
     No.                                                                                                     Explanation of Implementation within the
                             Criteria                                  Recommendation
                                                                                                                             Company
    7.3.5   Penyampaian hasil pemungutan suara dan          Menyajikan informasi mengenai                Informasi mengenai RUPS yang dipublikasikan
            ringkasan risalah RUPS secara lengkap           penyelenggaraan RUPS dan seluruh             dalam situs web Perusahaan hanya mencakup
            diumumkan ke publik pada hari kerja             materi rapat mencakup hasil pemungutan       untuk informasi mengenai penyelenggaraan
            berikutnya.                                     suara, agenda rapat, pemanggilan rapat       RUPS selama 6 (enam) tahun yaitu mulai dari
            Submission of voting results and a complete     dalam situs web Perusahaan paling tidak      tahun 2019 sampai dengan penyelenggaraan
            summary of the minutes of the GMS will be       selama 10 (sepuluh) tahun.                   RUPS terakhir yaitu RUPS Luar Biasa tanggal
            announced to the public on the following        Present information regarding the GMS        28 Oktober 2024.
            working day.                                    and all meeting materials, including the     The information regarding the GMS published
                                                            results of the voting, meeting agenda,       on the Company's website only covers
                                                            and meeting notice, on the Company's         information about the GMS held for 6 (six)
                                                            website for at least 10 (ten) years.         years, from 2019 to the most recent GMS,
                                                                                                         which is the Extraordinary General Meeting
                                                                                                         of Shareholders on October 28, 2024.

     VIII   Pemangku Kepentingan Lainnya
            Other Stakeholders

     8.1    Keterlibatan Pemangku Kepentingan Kunci (stakeholder engagement)
            Stakeholder Engagement
    8.1.1   Korporasi melalui Sekretaris Korporasi -                                                     -
            melaksanakan komunikasi yang regular,
            transparan dan efektif dengan pemangku
            kepentingan kunci serta melibatkan mereka
            untuk memahami harapan dan keluhan
            mereka serta dampak korporasi terhadap
            mereka.
            The Corporation, through the Corporate
            Secretary, carries out regular, transparent
            and effective communication with key
            stakeholders and involves them to
            understand their hopes and complaints as
            well as the impact of the corporation on
            them.
     8.2    Integrasi Keberlanjutan dalam Model Bisnis
            Sustainability Integration into Business Model
    8.2.1   Dewan Komisaris bersama-sama dengan             1.   Memastikan Direksi dan Dewan            Dewan Komisaris bersama-sama dengan
            Direksi bertanggung jawab, akuntabel dan             Komisaris senantiasa mengikuti          Direksi bertanggung jawab, akuntabel dan
            transparan atas governansi keberlanjutan,            dan memahami masalah yang               transparan atas governansi keberlanjutan,
            termasuk menetapkan strategi, prioritas,             relevan bagi Perseroan serta            termasuk menetapkan strategi, prioritas, dan
            dan target keberlanjutan korporasi. Direksi          membahasnya dalam Rapat Direksi         target keberlanjutan Perusahaan. Hal tersebut
            dan Dewan Komisaris memasukkan                       dan Rapat Dewan Komisaris maupun        tercermin pada:
            pertimbangan keberlanjutan ketika                    Rapat Gabungan Direksi dan Dewan        1. RJPP Tahun 2020-2024
            menjalankan perannya, termasuk antara                                                        2. Risalah Rapat Dewan Komisaris yang
                                                                 Komisaris.
            lain dalam pengembangan dan implementasi                                                          mengundang Direksi tanggal 14 Oktober
                                                            2.   Mengevaluasi penunjukkan dalam
            strategi korporasi, rencana bisnis, rencana                                                       2020
            aksi utama dan manajemen risiko.                     manajemen untuk mengelola secara
                                                                 strategik keberlanjutan oleh Direksi.   3. Laporan Keberlanjutan
            The Board of Commissioners together                                                          The Board of Commissioners, together with the
            with the Board of Directors are                 1.   Ensuring that the Board of Directors
                                                                                                         Board of Directors, is responsible, accountable,
            responsible, accountable and transparent             and the Board of Commissioners
                                                                                                         and transparent for sustainability governance,
            for sustainability governance, including             consistently stay informed about
                                                                                                         including setting the company's sustainability
            determining corporate sustainability                 and understand issues relevant to       strategy, priorities, and targets. This is reflected
            strategies, priorities and targets. The Board        the Company, and discuss them in        in:
            of Directors and Board of Commissioners              Board of Directors Meetings, Board      1. RJPP of 2020-2024
            include sustainability considerations                of Commissioners Meetings, as           2. Minutes of the Board of Commissioners
            when carrying out their roles, including,            well as Joint Meetings between the           meeting with the Board of Directors on
            among others, in the development and                 Board of Directors and the Board of
            implementation of corporate strategy,                                                             October 14, 2020
                                                                 Commissioners.                          3. Sustainability Report
            business plans, main action plans and risk      2.   Evaluating the appointment of
            management.
                                                                 management by the Board of
                                                                 Directors to strategically manage
                                                                 sustainability.




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                                                                                                                          Tata Kelola Perusahaan
                                                                                                                           Corporate Governance




                                                                                                         Penjelasan Penerapan di Perseroan
                               Kriteria                                 Rekomendasi
      No.                                                                                              Explanation of Implementation within the
                               Criteria                                Recommendation
                                                                                                                       Company
       8.3    Perlindungan terhadap Pemangku Kepentingan
              Protection to Stakeholders
      8.3.1   Direksi memastikan dan mengungkapkan           Menjalankan kebijakan tanggung jawab     Melengkapi kebijakan yang sudah ada atau
              bahwa operasi korporasi mencerminkan           sosial dengan pelaksanaan program        membuat kebijakan tersendiri mengenai
              penerapan standar etika, tanggung jawab        tanggung jawab sosial Perseroan dengan   tanggung jawab sosial dengan pelaksanaan
              sosial dan lingkungan yang tinggi di seluruh   mencegah, mengurangi, dan mengelola      program tanggung jawab sosial Perseroan
              korporasi dan memastikan bahwa kebijakan       hal-hal berdampak negatif terhadap       dengan mencegah, mengurangi, dan mengelola
              dan prosedur yang tepat diterapkan untuk       lingkungan dari semua aspek operasi      hal-hal berdampak negatif terhadap lingkungan
              menghormati serta mematuhi hak-hak             Perseroan.                               dari semua aspek operasi Perseroan.
              pemangku kepentingan.
                                                             Implementing the social responsibility   Complementing existing policies or establishing
              The Board of Directors ensures and
                                                             policy through the Company’s social      a standalone policy on social responsibility
              discloses that corporate operations reflect
              the implementation of high standards           responsibility programs by preventing,   by implementing the Company’s social
              of ethics, social and environmental            reducing, and managing negative          responsibility programs that aim to prevent,
              responsibility throughout the corporation      environmental impacts from all aspects   reduce, and manage negative environmental
              and ensure that appropriate policies and       of the Company’s operations.             impacts from all aspects of the Company’s
              procedures are implemented to respect and                                               operations.
              comply with stakeholder rights.
      8.3.2   Direksi mendorong karyawan bekerja untuk                         -                                             -
              kepentingan jangka panjang korporasi dan
              mengedepankan keberlanjutan.
              The Board of Directors encourages
              employees to work for the long-term
              interests of the corporation and prioritizes
              sustainability.




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   Rapat Umum Pemegang Saham (RUPS)
   General Meeting of Shareholders (GMS)


   Rapat Umum Pemegang Saham (RUPS) adalah organ Perseroan          The General Meeting of Shareholders (GMS) is the Company’s
   yang memiliki wewenang yang tidak diberikan kepada Direksi       body with exclusive authority not delegated to the Board of
   atau Dewan Komisaris. RUPS menjadi wadah bagi Pemegang           Directors or the Board of Commissioners. The GMS becomes a
   Saham untuk mengambil berbagai keputusan penting terkait         forum for Shareholders to make important decisions concerning
   Perseroan, terutama yang berkaitan dengan modal dan              the Company, especially on capital and business continuity.
   kelangsungan usaha. Keputusan yang diambil dalam RUPS harus      Decisions at the GMS must consider the long-term and short-
   didasarkan pada kepentingan Perseroan dalam jangka panjang       term interests of the Company. The GMS cannot intervene with
   maupun jangka pendek. RUPS tidak dapat melakukan intervensi      the duties and authorities of the Board of Commissioners and
   terhadap tugas dan wewenang Dewan Komisaris dan Direksi.         the Board of Directors. The rights and authorities belonging to
   Semua hak dan wewenang RUPS disesuaikan dengan ketentuan         GMS are adjusted to the provisions in the Law and the Articles
   dalam Undang-Undang dan Anggaran Dasar Perusahaan.               of Association.

                                                  Pemegang Saham Perseroan
                                                        Company Shareholders


                              10,00%
                     0,00%
                  0,90%                        89,10%

                                                           PT Garuda Indonesia (Persero) Tbk
                             Kode Saham                    PT Aero Wisata
                             Ticker Code                   Public (ownership<5%)
                                GMFI
                                                           Masyarakat (masing-masing kepemilikan di bawah 5%
                                                           Public (ownership less than 5%)




   JENIS-JENIS RUPS                                                 GMS TYPES

   Perseroan memiliki mekanisme RUPS yang terdiri dari:             The mechanism of GMS at the Company is as follows:
   1. RUPS Tahunan (RUPST) untuk menyetujui Laporan Tahunan,        1. Annual GMS (AGMS) to approve the Annual Report, ratify
      mengesahkan perhitungan tahunan serta mengesahkan                the annual calculations and ratify other agenda items which
      mata acara lainnya yang berdasarkan peraturan perundang-         based on statutory regulations must be ratified through
      undangan wajib disahkan melalui RUPST.                           the AGMS.
   2. RUPS Lainnya (atau juga dikenal sebagai RUPS Luar Biasa       2. Other GMS (known as Extraordinary GMS/EGMS) which
      /RUPSLB) yaitu RUPS yang diadakan sewaktu-waktu                  held from time to time if needed and for the Company’s
      berdasarkan kebutuhan dan untuk kepentingan Perseroan.           interests.




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                                                                                                                                                 Corporate Governance




                                                                     Tahapan Penyelenggaraan RUPS
                                                                                 GMS Procedures



                                       1                                                2                                           3
                                                                             Pengumuman penyelenggaraan
                                                                                                                      Pemanggilan penyelenggaraan RUPS
                       Pemberitahuan rencana penyelenggaraan                RUPS melalui media massa paling
                                                                                                                      melalui media massa paling lambat 21
                      RUPS kepada Regulator paling lambat 5 hari          lambat 14 hari sebelum pemanggilan
                                                                                                                     hari sebelum pelaksanaan RUPS, tanpa
                     kerja sebelum pengumuman penyelenggaraan                 penyelenggaraan RUPS, tanpa
                                                                                                                      memperhitungkan tanggal RUPS dan
                                           RUPS.                         memperhitungkan tanggal pemanggilan
                                                                                                                              tanggal pemanggilan.
                        Notification of GMS implementation plan                    dan pengumuman.
                                                                                                                   Summons for organizing GMS through mass
                       to Regulators no later than 5 working days        Announcement of GMS implementation
                                                                                                                   media no later than 21 days before the GMS,
                      before the announcement of the holding of           through mass media no later than 14
                                                                                                                   without calculating the date of the GMS dan
                                         the GMS.                        days before the notice of GMS, without
                                                                                                                            the date of the summons.
                                                                           regard to the date of summons and
                                                                                     announcement.




                                       4                                                5                                           6
                                                                         Pengumuman ringkasan Risalah RUPS
                                                                                                                       Penyampaian Risalah RUPS kepada
                                                                        melalui media massa paling lambat 2 hari
                                                                                                                     Regulator paling lambat 30 hari setelah
                                 Pelaksanaan RUPS.                          kerja setelah pelaksanaan RUPS.
                                                                                                                               pelaksanaan RUPS.
                             Implementation of the GMS.                 Announcement of the Summary of GMS
                                                                                                                    Submission of GMS Minutes to Regulators
                                                                          Minutes through Mass Media At the
                                                                                                                      no later than 30 days after the GMS.
                                                                         latest 2 working days after the RUPS.




    PENYELENGGARAAN RUPS PADA                                                                  THE HOLDING OF GMS IN 2024
    TAHUN 2024

    Di sepanjang tahun 2024, Perseroan menyelenggarakan 3 (tiga)                               Throughout 2024, the Company has held 3 (three) times GMS,
    kali RUPS, yaitu RUPS Tahunan pada tanggal 28 Juni 2024,                                   which was the Annual GMS, and EGMS on June 28th, 2024, and
    RUPS Luar Biasa pada tanggal 28 Juni 2024, dan RUPS Luar                                   EGMS on October 28th 2024.
    Biasa pada tanggal 28 Oktober 2024.

                                                                                 RUPS Tahunan
                                                                                    Annual GMS

     Hari/Tanggal                                         Jum’at, 28 Juni 2024
     Day/Date                                             Friday, June 28, 2024

     Waktu                                                14.21 s/d 15.59 WIB
     Time

     Tempat                                               Ruang Auditorium, Gedung Manajemen Garuda, Lantai Dasar, Garuda City, Area Perkantoran
     Venue                                                Bandar Udara International Soekarno-Hatta, Tangerang


                                                                    Tahapan Pelaksanaan RUPS Tahunan
                                                                      Process in Orgazining the Annual GMS

     Pemberitahuan Penyelenggaraan RUPS                   Mengirimkan surat Pemberitahuan Penyelenggaraan RUPS Tahunan Tahun Buku 2023 ke OJK
     Kepada OJK                                           pada tanggal 13 Mei 2024 melalui surat Direktur Utama Perseroan No. GMF/DT/SPE-2003/24.
     Notification to Hold GMS to OJK                      Sending the Notice of Annual General Meeting of Shareholders for Financial Year 2023 to OJK on
                                                          May 13th, 2024 through the Company's CEO letter No. DT/SPE-2003/24.

     Pengumuman                                           Pemasangan Pengumuman RUPS Tahunan Tahun Buku 2023 pada situs web PT Bursa Efek Indonesia,
     Announcement                                         situs web Perseroan serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris yang
                                                          dipublikasikan pada tanggal 22 Mei 2024.
                                                          Posting of the Announcement of the Annual General Meeting of Shareholders for the Financial
                                                          Year 2023 on the website of the Indonesia Stock Exchange, the Company's website and the eASY.
                                                          KSEI platform in Bahasa Indonesia and English published on May 22nd , 2024.




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    Pemanggilan                             Pemanggilan RUPS Tahunan Tahun Buku 2023 dilakukan melalui situs web Bursa Efek Indonesia,
    Invitation                              situs web Perseroan, serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris, yang
                                            dipublikasikan pada tanggal 6 Juni 2024.
                                            The Invitation to the Annual General Meeting of Shareholders for Financial Year 2023 was made
                                            through the Indonesia Stock Exchange website, the Company's website, as well as the eASY.KSEI
                                            platform in Indonesian and English, which published on June 6th, 2024.

    Penyelenggaraan RUPS                    RUPS Tahunan Tahun Buku 2023 diselenggarakan pada 28 Juni 2024.
    GMS Holding                             The Annual General Meeting of Shareholders for Financial Year 2023 will be held on June 28th, 2024.

    Pengumuman Ringkasan Risalah RUPS       Ringkasan Risalah RUPS Tahunan Tahun Buku 2023 telah dirilis pada tanggal 2 Juli 2024 yang
    Announcement of GMS Minutes Summary     diumumkan melalui situs web Perseroan dan situs web Bursa Efek Indonesia.
                                            The Summary of Minutes of the Annual GMS for Financial Year 2023 was released on July 2nd, 2024
                                            which was announced through the Company's website and the Indonesia Stock Exchange website.

    Penyampaian Risalah RUPS Kepada OJK     Penyampaian Risalah RUPS Tahun Buku 2023 kepada OJK pada tanggal 26 Juli 2024 melalui surat
    Submission of GMS Minutes to OJK        Corporate Secretary & Legal No. GMF/TS/SPE-2011/24.
                                            Submission of the Minutes of the GMS for Financial Year 2023 to OJK on July 26th, 2024 through
                                            Corporate Secretary & Legal letter No. GMF/TS/SPE-2011/24.



   Pada RUPS Tahunan yang dilaksanakan tahun 2024, jumlah                 At the Annual GMS held in 2024, the number of shares with
   saham dengan hak suara yang hadir atau diwakili telah                  voting rights present or represented has fulfilled the quorum
   memenuhi kuorum dalam RUPS yaitu sebesar 25.437.601.300                in the GMS, which is 25.437.601.300 shares or equivalent to
   saham atau setara dengan 90,0971928% dari seluruh saham                90,0971928% of all shares with valid voting rights issued by
   dengan hak suara sah yang telah dikeluarkan oleh Perseroan,            the Company, in accordance with the Company's Articles of
   sesuai dengan Anggaran Dasar Perusahaan.                               Association.

                                                        Kehadiran RUPS Tahunan
                                                         Attendees of the Annual GMS

    Dewan Komisaris                         Semua anggota Dewan Komisaris yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
    Board of Commissioners                  menghadiri RUPS.
                                            All members of the Board of Commissioners who served until the Annual GMS attended the GMS.

    Direksi                                 Semua anggota Direksi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan menghadiri
    Board of Directors                      RUPS.
                                            All members of the Board of Directors who served until the Annual GMS attended the GMS.

    Komite Audit                            Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan yang menjabat sampai dengan
    Audit Committee                         penyelenggaraan RUPS Tahunan menghadiri RUPS.
                                            The Chairman of the Audit and Corporate Governance Policy Committee who served until the
                                            Annual GMS attended the GMS.

    Komite Nominasi dan Remunerasi          Ketua Komite Nominasi dan Remunerasi yang menjabat sampai dengan penyelenggaraan RUPS
    Nomination and Remuneration Committee   Tahunan menghadiri RUPS.
                                            All of the Nomination and Remuneration Committee who held the position attended the GMS.

    Pihak Independen                        • Shanti Indah Lestari, SH, M.Kn., sebagai Notaris/as the Notary;
    Independent Party                       • PT Datindo Entrycom sebagai Biro Administrasi Efek Perseroan/as the Securities Administration
                                              Bureau; dan
                                            • Kantor Akuntan Publik Rintis, Jumadi, Rianto & Rekan sebagai Kantor Akuntan Publik/as the
                                              Public Account.

    Mekanisme Penghitungan Suara            Perhitungan suara dalam setiap mata acara rapat dilakukan oleh Notaris.
    Voting Mechanism                        The voting process at each agenda was done by the Notary.




   Hasil Keputusan RUPS Tahunan telah dituangkan melalui Akta             The resolutions of the Annual GMS have been set forth in the
   Berita Acara RUPS Tahunan Tahun Buku 2023 No. 10 Tanggal 28            Deed of Minutes of the Annual GMS of Fiscal Year 2023 No.
   Juni 2024 yang dibuat di hadapan Notaris Shanti Indah Lestari,         10 dated June 28th 2024 made before Notary Shanti Indah
   S.H., M.Kn. Notaris di Kabupaten Tangerang.                            Lestari, S.H., M.Kn. Notary in Tangerang Regency.




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                                         Mata Acara Rapat dan Keputusannya serta Tindak Lanjut
                                                  Meeting Agenda, Resolutions, and Follow-up Status
                                                           Mata Acara Rapat Pertama
                                                             First Meeting Agenda
     Mata Acara                               Persetujuan Laporan Tahunan Perseroan Tahun Buku 2023 termasuk di dalamnya Laporan Keuangan
     Agenda                                   Konsolidasian Perseroan dan Laporan Tugas Pengawasan Dewan Komisaris yang berakhir pada
                                              tanggal 31 Desember 2023, serta pemberian pelunasan dan pembebasan tanggung jawab sepenuhnya
                                              (volledig acquit et de charge) kepada para anggota Direksi dan anggota Dewan Komisaris atas
                                              tindakan pengurusan dan pengawasan yang telah dijalankan selama tahun buku 2023.
                                              Approval of the Company's Annual Report for the financial year 2023, including the Company's
                                              Consolidated Financial Statements and the Board of Commissioners Oversight Report ended on
                                              31 December 2023, and to release and discharge of all responsibilities (volledig acquit et de charge)
                                              to all Board members for the management and supervision carried out in the financial year 2023.
     J u m l a h Pe m e g a n g S a h a m y a n g Terdapat 1 (satu) Pemegang Saham yang memberikan pendapat.
     mengajukan pertanyaan dan/atau There was 1 (one) Shareholder who gave an opinion
     memberikan pendapat
     Shareholders who raised questions and/
     or gave their opinions
     Hasil Pemungutan Suara                                Setuju                        Tidak Setuju                         Abstain
     Voting Results                                        Agreed                         Disagreed                           Absent
                                               25.437.522.500 suara/shares       0 suara/shares atau/or 0 %       78.800 suara/shares atau/or
                                               atau/or 99,9996902% suara/        suara/shares dari                0,0003098 % suara/shares
                                               shares dari seluruh saham         seluruh saham yang hadir/ of     dari
                                               yang hadir/ of all shares         all shares present               seluruh saham yang hadir/ of
                                               present                                                            all shares present

     Keputusan Mata Acara Rapat Pertama       •    Menyetujui dan mengesahkan Laporan Tahunan Perseroan Tahun Buku 2023 termasuk di
     Resolution of First Meeting Agenda            dalamnya Laporan Pelaksanaan Tugas Pengawasan Dewan Komisaris yang berakhir pada
                                                   tanggal 31 Desember 2023 serta Laporan Keuangan Konsolidasian Perseroan Tahun Buku
                                                   2023 yang berakhir pada tanggal 31 Desember 2023, yang telah diaudit oleh Kantor Akuntan
                                                   Publik Tanudiredja, Wibisana, Rintis & Rekan dengan pendapat “Wajar Dalam Semua Hal yang
                                                   Material”, sebagaimana termuat dalam laporannya Nomor 00508/2.1025/AU.1/10/0225-2/1/
                                                   III/2024 tanggal 28 Maret 2024; dan
                                              •    Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de
                                                   charge) kepada para anggota Direksi dan anggota Dewan Komisaris atas tindakan pengurusan
                                                   dan pengawasan yang telah dijalankan selama tahun buku 2023, sepanjang tindakan tersebut
                                                   bukan merupakan tindakan pidana dan/atau tindakan yang bertentangan dengan peraturan
                                                   perundangan yang berlaku dan tindakan tersebut telah tercermin dalam Laporan Tahunan dan
                                                   Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2023.
                                              •    To approve and ratify the Company's Annual Report for the Financial Year 2023, including the
                                                   Report on the Implementation of the Supervisory Duties of the Board of Commissioners ending
                                                   31 December 2023 and the Company's Consolidated Financial Statements for the Financial
                                                   Year 2023 ending 31 December 2023, which have been audited by the Public Accounting
                                                   Firm Tanudiredja, Wibisana, Rintis & Rekan with the opinion of "Fair in All Material Matters",
                                                   as contained in its report Number 00508/2.1025/AU.1/10/0225-2/1/III/2024 dated March
                                                   28th , 2024; and
                                              •    To grant full release and discharge (volledig acquit et de charge) to the members of the Board of
                                                   Directors and members of the Board of Commissioners for their management and supervisory
                                                   actions carried out during the financial year 2023, to the extent that such actions do not
                                                   constitute criminal acts and/or actions contrary to the prevailing laws and regulations and such
                                                   actions have been reflected in the Company's Annual Report and Financial Statements for the
                                                   financial year ending 31 December 2023.
     Realisasi                                Pemegang Saham melalui RUPS menerima pertanggungjawaban pelaksanaan pengawasan dan
     Realization                              pengurusan Perseroan berturut-turut oleh Dewan Komisaris dan Direksi, serta memberikan
                                              pelunasan dan pembebasan tanggung jawab sepenuhnya.
                                              The Shareholders through the GMS accept the accountability of the implementation of supervision
                                              and management of the Company successively by the Board of Commissioners and the Board of
                                              Directors, and provide full release and discharge of responsibility.




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                                                           Mata Acara Rapat Kedua
                                                           Second Meeting Agenda
    Mata Acara                                Penetapan Laba Bersih Perseroan Tahun 2023.
    Agenda                                    Fixation of the Company's Net Income in 2023.
    J u m l a h Pe m e g a n g S a h a m y a n g Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
    mengajukan pertanyaan dan/atau Pemegang Saham.
    memberikan pendapat                          There were no questions or opinions raised by Shareholders or Shareholders' proxies.
    Number of Shareholders who asked
    questions and/or gave opinions
    Hasil Pemungutan Suara                                Setuju                       Tidak Setuju                       Abstain
    Voting Results                                        Agreed                        Disagreed                         Absent
                                               25.437.522.500 suara/shares     0 suara/shares atau/or 0 %      78.800 suara/shares atau/or
                                               atau/or 99,9996902% suara/      suara/shares dari               0,0003098 % suara/shares
                                               shares dari seluruh saham       seluruh saham yang hadir/ of    dari
                                               yang hadir/ of all shares       all shares present              seluruh saham yang hadir/ of
                                               present                                                         all shares present

    Keputusan Mata Acara Rapat Kedua          Menyetujui dan menetapkan penggunaan Laba Bersih Konsolidasian Tahun Buku 2023 sebesar
    Resolution of the Second Meeting Agenda   USD 20.168.689 (dua puluh juta seratus enam puluh delapan enam ratus delapan puluh sembilan
                                              Dollar Amerika Serikat) sebagai Laba Ditahan atau Retained Earning Perseroan untuk mengurangi
                                              akumulasi kerugian Perseroan.
                                              Approve and determine the utilization of the Consolidated Net Income for the Financial Year 2023
                                              amounting to USD 20.168.689 (twenty million one hundred sixty eight six hundred eighty nine United
                                              States Dollars) as Retained Earning of the Company to reduce the Company's accumulated losses.
    Realisasi                                 Pemegang Saham melalui RUPS sudah memberikan persetujuan agar Laba Bersih Perseroan
    Realization                               dicatatkan sebagai Laba Ditahan atau Retained Earning. Perseroan akan melaksanakan keputusan
                                              tersebut pada periode pelaporan Laporan Keuangan selanjutnya.
                                              The Shareholders through the GMS have given approval for the Company's Net Income to be
                                              recorded as Retained Earning. The Company will implement the decision in the next Financial
                                              Statement reporting period.


                                                           Mata Acara Rapat Ketiga
                                                            Third Meeting Agenda
    Mata Acara                                Penetapan Tantiem Tahun Buku 2023 dan Remunerasi (Gaji/Honorarium, Fasilitas dan Tunjangan)
    Agenda                                    Tahun Buku 2024 bagi Direksi dan Dewan Komisaris.
                                              Determination of Tantiem for the financial year 2023 and remuneration (salary/honorarium,
                                              facilities and allowances) for the financial year 2024 for Directors and Board of Commissioners.
    Jumlah Pemegang Saham yang                Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
    mengajukan pertanyaan dan/atau            Pemegang Saham.
    memberikan pendapat                       There were no questions or opinions raised by Shareholders or Shareholders' proxies.
    Number of Shareholders who asked
    questions and/or gave opinions
    Hasil Pemungutan Suara                                 Setuju                       Tidak Setuju                       Abstain
    Voting Results                                         Agreed                        Disagreed                         Absent
                                                25.437.522.500 suara/shares     0 suara/shares atau/or 0 %      78.800 suara/shares atau/or
                                                atau/or 99,9996902% suara/      suara/shares dari               0,0003098 % suara/shares
                                                shares dari seluruh saham       seluruh saham yang hadir/ of    dari
                                                yang hadir/ of all shares       all shares present              seluruh saham yang hadir/ of
                                                present                                                         all shares present

    Keputusan Mata Acara Rapat Ketiga         Menyetujui pemberian kuasa dan pelimpahan kewenangan kepada Dewan Komisaris Perseroan
    Resolution of the Second Meeting Agenda   dengan terlebih dahulu mendapat persetujuan tertulis dari PT Garuda Indonesia (Persero) Tbk
                                              selaku Pemegang Saham Pengendali untuk menetapkan pemberian tantiem dan/atau insentif
                                              kinerja tahun 2023 dan menetapkan remunerasi (gaji/honorarium, tunjangan dan fasilitas) bagi
                                              anggota Direksi dan Dewan Komisaris Perseroan untuk tahun 2024.
                                              Approved the granting of power and delegation of authority to the Company's Board of
                                              Commissioners with prior written approval from PT Garuda Indonesia (Persero) Tbk as the
                                              Controlling Shareholder to determine the tantiem and/or performance incentives for 2023 and
                                              determine the remuneration (salary/honorarium, allowances and facilities) for members of the
                                              Company's Board of Directors and Board of Commissioners for 2024.




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     Realisasi                                      Berdasarkan kuasa dan wewenang yang diberikan dan dilimpahkan oleh RUPS, Dewan Komisaris
     Realization                                    menentukan besaran remunerasi (gaji/honorarium, tunjangan, dan fasilitas) bagi anggota Direksi
                                                    dan Dewan Komisaris tahun 2024 dengan memperhatikan kemampuan Perseroan.
                                                    Based on the power and authority granted and delegated by the GMS, the Board of Commissioners
                                                    determines the amount of remuneration (salary/honorarium, allowances, and facilities) for members
                                                    of the Board of Directors and Board of Commissioners in 2024 by taking into account the Company's
                                                    ability.


                                                                Mata Acara Rapat Keempat
                                                                 Fourth Meeting Agenda
     Mata Acara                                     Penunjukan Kantor Akuntan Publik Untuk Mengaudit Laporan Keuangan Perseroan Tahun Buku 2024.
     Agenda                                         Appointment of a Public Accountant Firm to Audit the Company's Financial Statements for the
                                                    Financial Year 2024.
     J u m l a h Pe m e g a n g S a h a m y a n g   Tidak ada pertanyaan maupun pendapat yang disampaikan
     mengajukan pertanyaan dan/atau                 oleh Pemegang Saham atau kuasa Pemegang Saham.
     memberikan pendapat                            There were no questions or opinions raised
     Number of Shareholders who asked               by Shareholders or Shareholders' proxies.
     questions and/or gave opinions
     Hasil Pemungutan Suara                                     Setuju                        Tidak Setuju                        Abstain
     Voting Results                                             Agreed                         Disagreed                          Absent
                                                     25.437.522.500 suara/shares     0 suara/shares atau/or 0 %        78.800 suara/shares atau/or
                                                     atau/or 99,9996902% suara/      suara/shares dari                 0,0003098 % suara/shares
                                                     shares dari seluruh saham       seluruh saham yang hadir/ of      dari
                                                     yang hadir/ of all shares       all shares present                seluruh saham yang hadir/ of
                                                     present                                                           all shares present

     Keputusan Mata Acara Rapat Keempat             •   Menyetujui pemberian kuasa dan pelimpahan kewenangan kepada Dewan Komisaris Perseroan
     Resolution of the Fourth Meeting Agenda            untuk menunjuk Akuntan Publik Independen dari Kantor Akuntan Publik (KAP) untuk melakukan
                                                        pemeriksaan atas Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir
                                                        tanggal 31 Desember 2024, pemeriksaan atas Laporan Keuangan Khusus tertentu pada tahun
                                                        2024 dan pemeriksaan atas Laporan Keuangan Konsolidasian Perseroan periode lainnya pada
                                                        tahun 2024 untuk tujuan dan kepentingan Perseroan.
                                                    •   Menyetujui pemberian kuasa dan pelimpahan kewenangan kepada Dewan Komisaris Perseroan
                                                        untuk menetapkan besaran nilai jasanya sesuai ketentuan dan peraturan yang berlaku, termasuk
                                                        untuk menunjuk KAP pengganti bilamana karena sebab apapun juga berdasarkan ketentuan
                                                        pasar modal di Indonesia apabila KAP yang ditunjuk tidak dapat melakukan tugasnya, dengan
                                                        kriteria bahwa KAP tersebut terdaftar di Otoritas Jasa Keuangan.
                                                    •   Approved the granting of power and delegation of authority to the Company's Board of
                                                        Commissioners to appoint an Independent Public Accountant from the Public Accounting
                                                        Firm (KAP) to conduct an audit of the Company's Consolidated Financial Statements for the
                                                        financial year ending 31 December 2024, an audit of certain Special Financial Statements in
                                                        2024 and an audit of the Company's Consolidated Financial Statements for other periods in
                                                        2024 for the purposes and interests of the Company.
                                                    •   Approved the granting of power and delegation of authority to the Company's Board of
                                                        Commissioners to determine the amount of service value in accordance with applicable rules
                                                        and regulations, including to appoint a replacement KAP if for any reason whatsoever based
                                                        on capital market regulations in Indonesia if the appointed KAP is unable to perform its duties,
                                                        with the criteria that the KAP is registered with the Financial Services Authority.
     Realisasi                                      Berdasarkan kuasa dan wewenang yang diberikan dan dilimpahkan oleh RUPS, Dewan Komisaris
     Realization                                    Perseroan telah menyetujui penunjukan Akuntan Publik Ade Setiawan Elimin dan Kantor Akuntan
                                                    Publik (KAP) Rintis, Jumadi, Rianto & Rekan untuk melakukan pemeriksaan atas Laporan Keuangan
                                                    tahun buku yang berakhir tanggal 31 Desember 2024.
                                                    Based on the power and authority granted and delegated by the GMS, the Company's Board of
                                                    Commissioners has approved the appointment of Public Accountant Ade Setiawan Elimin and Public
                                                    Accounting Firm (KAP) Rintis, Jumadi, Rianto & Rekan to conduct an examination of the Financial
                                                    Statements for the fiscal year ending December 31, 2024.




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                                                           RUPS Luar Biasa
                                                           Extraordinary GMS

    Hari/Tanggal                          Jum’at, 28 Juni 2024
    Day/Date                              Friday, June 28, 2024

    Waktu                                 16.20 s/d 16.54 WIB
    Time

    Tempat                                Ruang Auditorium, Gedung Manajemen Garuda, Lantai Dasar, Garuda City, Area Perkantoran
    Venue                                 Bandar Udara International Soekarno-Hatta, Tangerang


                                              Tahapan Pelaksanaan RUPS Luar Biasa
                                               Process in Orgazining the Extraordinary GMS

    Pemberitahuan Penyelenggaraan RUPS    Mengirimkan surat Pemberitahuan Penyelenggaraan RUPS Luar Biasa ke OJK pada tanggal 13
    Kepada OJK                            Mei 2024 melalui surat Direktur Utama Perseroan No. GMF/DT/SPE-2003/24.
    Notification to Hold GMS to OJK       Sending the Notice of Extraordinary General Meeting of Shareholders to OJK on May 13th, 2024
                                          through the Company's CEO letter No. GMF/DT/SPE-2003/24.

    Pengumuman                            Pemasangan Pengumuman RUPS Luar Biasa pada situs web PT Bursa Efek Indonesia, situs web
    Announcement                          Perseroan serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris yang dipublikasikan
                                          pada tanggal 22 Mei 2024.
                                          Posting of the Announcement of the Extraordinary General Meeting of Shareholders on the website
                                          of the Indonesia Stock Exchange, the Company's website and the eASY.KSEI platform in Bahasa
                                          Indonesia and English published on May 22nd , 2024.

    Pemanggilan                           Pemanggilan RUPS Luar Biasa dilakukan melalui situs web Bursa Efek Indonesia, situs web Perseroan,
    Invitation                            serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris, yang dipublikasikan pada
                                          tanggal 6 Juni 2024.
                                          The Invitation to the Extraordinary General Meeting of Shareholders was made through the
                                          Indonesia Stock Exchange website, the Company's website, as well as the eASY.KSEI platform in
                                          Indonesian and English, which published on June 6th , 2024.

    Penyelenggaraan RUPS                  RUPS Luar Biasa diselenggarakan pada tanggal 28 Juni 2024.
    GMS Holding                           The Extraordinary General Meeting of Shareholders has held on 28 June 2024.

    Pengumuman Ringkasan Risalah RUPS     Ringkasan Risalah RUPS Luar Biasa telah dirilis pada tanggal 2 Juli 2024 yang diumumkan melalui
    Announcement of GMS Minutes Summary   situs web Perseroan dan situs web Bursa Efek Indonesia.
                                          The Summary of Minutes of the Extraordinary GMS was released on July 2nd , 2024 which was
                                          announced through the Company's website and the Indonesia Stock Exchange website.

    Penyampaian Risalah RUPS Kepada OJK   Penyampaian Risalah RUPS Luar Biasa kepada OJK pada tanggal 26 Juli 2024 melalui surat
    Submission of GMS Minutes to OJK      Corporate Secretary & Legal No. GMF/TS/SPE-2011/24.
                                          Submission of the Minutes of the Extraordinary GMS to OJK on July 26th , 2024 through Corporate
                                          Secretary & Legal letter No. GMF/TS/SPE-2011/24.



   Pada RUPS Luar Biasa yang dilaksanakan tanggal 28 Juni 2024,        At the Extraordinary GMS held on June 28th , 2024 , the number
   jumlah saham dengan hak suara yang hadir atau diwakili telah        of shares with voting rights present or represented has fulfilled
   memenuhi kuorum dalam RUPS yaitu sebesar 25.437.601.300             the quorum in the GMS, which is 25.437.601.300 shares or
   saham atau setara dengan 90,0971581% dari seluruh saham             equivalent to 90,0971581% of all shares with valid voting rights
   dengan hak suara sah yang telah dikeluarkan oleh Perseroan,         issued by the Company, in accordance with the Company's
   sesuai dengan Anggaran Dasar Perusahaan.                            Articles of Association.

                                                     Kehadiran RUPS Luar Biasa
                                                   Attendees of the Extraordinary GMS

    RUPS Luar Biasa                       Jum’at, 28 Juni 2024
    Extraordinary GMS                     Friday, June 28, 2024

    Dewan Komisaris                       Semua anggota Dewan Komisaris yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
    Board of Commissioners                menghadiri RUPS.
                                          All members of the Board of Commissioners who served until the Annual GMS attended the GMS.

    Direksi                               Semua anggota Direksi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan menghadiri
    Board of Directors                    RUPS.
                                          All members of the Board of Directors who served until the Annual GMS attended the GMS.




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     Komite Audit                              Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan yang menjabat sampai dengan
     Audit Committee                           penyelenggaraan RUPS Tahunan menghadiri RUPS.
                                               The Chairman of the Audit and Corporate Governance Policy Committee who served until the
                                               Annual GMS attended the GMS.

     Komite Nominasi dan Remunerasi        Ketua Komite Nominasi dan Remunerasi yang menjabat sampai dengan penyelenggaraan RUPS
     Nomination and Remuneration Committee Tahunan menghadiri RUPS.
                                           All of the Nomination and Remuneration Committee who held the position attended the GMS.

     Pihak Independen                          •    Shanti Indah Lestari, SH, M.Kn., sebagai Notaris/as the Notary;
     Independent Party                         •    PT Datindo Entrycom sebagai Biro Administrasi Efek Perseroan/as the Securities Administration
                                                    Bureau; dan
                                               •    Kantor Akuntan Publik Rintis, Jumadi, Rianto & Rekan sebagai Kantor Akuntan Publik/as the
                                                    Public Account.

     Mekanisme Penghitungan Suara              Perhitungan suara dalam setiap mata acara rapat dilakukan oleh Notaris.
     Voting Mechanism                          The voting process at each agenda was done by the Notary.




    Hasil Keputusan RUPS Luar Biasa telah dituangkan melalui                  The resolutions of the Extraordinary GMS have been set forth
    akta Berita Acara RUPS Luar Biasa No. 11 Tanggal 28 Juni 2024             in the deed of Minutes of EGMS No. 11 dated June 28th , 2024
    yang dibuat di hadapan Notaris Shanti Indah Lestari, S.H., M.Kn.          made before Notary Shanti Indah Lestari, S.H., M.Kn. Notary
    Notaris di Kabupaten Tangerang.                                           in Tangerang Regency.


                                        Mata Acara Rapat dan Keputusannya serta Tindak Lanjut
                                                   Meeting Agenda, Resolutions, and Follow-up Status
                                                            Mata Acara Rapat Pertama
                                                              First Meeting Agenda
     RUPS Luar Biasa                           Jum’at, 28 Juni 2024
     Extraordinary GMS                         Friday, June 28, 2024
     Mata Acara                                Persetujuan Pengikatan Jaminan atas Aset Perseroan dengan nilai lebih dari 50% (lima puluh
     Agenda                                    persen) Kekayaan Bersih Perseroan berdasarkan Restrukturisasi Perjanjian Kredit antara PT Bank
                                               Rakyat Indonesia (Persero) Tbk.
                                               Approval of Guarantee Binding for Company Assets with a value of more than 50% (fifty percent)
                                               of the Company's Net Worth based on the Restructuring of the Credit Agreement between PT
                                               Bank Rakyat Indonesia (Persero) Tbk.
     Jumlah Pemegang Saham yang mengajukan Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
     pertanyaan dan/atau memberikan Pemegang Saham.
     pendapat                              There were no questions or opinions raised by Shareholders or Shareholders' proxies.
     Number of Shareholders who asked
     questions and/or gave opinions



     Hasil Pemungutan Suara                                  Setuju                        Tidak Setuju                        Abstain
     Voting Results                                          Agreed                         Disagreed                          Absent
                                                25.437.512.700 suara/shares       100 suara/shares atau/or        78.700 suara/shares atau/or
                                                atau/or 99,9996902% suara/        0,0000004% suara/shares dari    0,0003094% suara/shares
                                                shares dari seluruh saham         seluruh saham yang hadir/ of    dari seluruh saham yang hadir/
                                                yang hadir/ of all shares         all shares present              of all shares present
                                                present

     Keputusan Mata Acara Rapat Pertama        Menyetujui pengikatan jaminan atas aset Perseroan dalam memenuhi kewajiban Perseroan
     Resolution of the Fourth Meeting Agenda   berdasarkan program restrukturisasi fasilitas kredit dengan PT Bank Rakyat Indonesia (Persero)
                                               Tbk, yang pengikatan tersebut dilakukan secara paripassu dengan kreditur-kreditur lain Perseroan
                                               dengan porsi bagian nilai jaminan yang ditentukan oleh Perseroan sepanjang pengikatan jaminan
                                               tersebut tidak mengubah pokok-pokok perjanjian tersebut serta dilaksanakan sesuai dengan
                                               ketentuan tata kelola perusahaan yang baik dan peraturan perundang-undangan yang berlaku.
                                               Approved the binding of collateral for the Company's assets in fulfilling the Company's obligations
                                               under the credit facility restructuring program with PT Bank Rakyat Indonesia (Persero) Tbk,
                                               which binding was carried out paripassu with other creditors of the Company with a portion of
                                               the collateral value determined by the Company as long as the binding of the guarantee did not
                                               change the principal of the agreement and was carried out in accordance with the provisions of
                                               good corporate governance and applicable laws and regulations.




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    Realisasi                                      Pembuatan dan penandatanangan perjanjian pengikatan jaminan oleh Perseroan dan para kreditur
    Realization                                    telah dituangkan dalam Akta Jaminan Fidusia No. 19 tanggal 28 November 2024.
                                                   The making and signing of the collateral binding agreement by the Company and the creditors have
                                                   been set forth in the Deed of Fiduciary Guarantee No. 19 dated November 28, 2024.


                                                                 Mata Acara Rapat Kedua
                                                                 Second Meeting Agenda

    RUPS Luar Biasa                                Jum’at, 28 Juni 2024
    Extraordinary GMS                              Friday, June 28, 2024

    Mata Acara                                     Usulan Perubahan Anggaran Dasar.
    Agenda                                         Proposed Amendment to the Articles of Association.

    J u m l a h Pe m e g a n g S a h a m y a n g   Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
    mengajukan pertanyaan dan/atau                 Pemegang Saham.
    memberikan pendapat                            There were no questions or opinions raised by Shareholders or Shareholders' proxies.
    Number of Shareholders who asked
    questions and/or gave opinions

    Hasil Pemungutan Suara                                     Setuju                           Tidak Setuju                           Abstain
    Voting Results                                             Agreed                            Disagreed                             Absent
                                                    25.437.512.700 suara/shares        100 suara/shares atau/or            78.700 suara/shares atau/or
                                                    atau/or 99,9996902% suara/         0,0000004% suara/shares dari        0,0003094% suara/shares
                                                    shares dari seluruh saham          seluruh saham yang hadir/ of        dari seluruh saham yang hadir/
                                                    yang hadir/ of all shares          all shares present                  of all shares present
                                                    present

    Keputusan Mata Acara Rapat Kedua        •          Menyetujui perubahan Pasal 3 Anggaran Dasar Perseroan untuk disesuaikan dengan Peraturan
    Resolution of the Second Meeting Agenda            Badan Pusat Statistik Nomor 2 Tahun 2020 tentang Klasifikasi Baku Lapangan Usaha Indonesia
                                                       ("KBLI 2020”) dan peraturan lainnya yang terkait;
                                                   •   Menyetujui perubahan-perubahan dalam ketentuan Pasal 4 ayat (2), Pasal 7 ayat (3), Pasal 15 ayat
                                                       (16), Pasal 15 ayat (2), Pasal 16 ayat (2) huruf a angka 4, Pasal 16 ayat (2) huruf a angka 6, Pasal 16
                                                       ayat (2) huruf b angka 10, Pasal 16 ayat (2) huruf b angka 15, Pasal 16 ayat (2) huruf b angka 19, Pasal
                                                       16 ayat 5, Pasal 16 ayat (14) huruf o, Pasal 16 ayat 14 huruf m, Pasal 16 ayat (22), Pasal 16 ayat (22)
                                                       huruf f, Pasal 19 ayat (2) huruf a angka 13, Pasal 20, Pasal 20 ayat (1) huruf b, Pasal 23 ayat (2), dan
                                                       Pasal 24 dalam Anggaran Dasar sebagaimana yang diusulkan dalam Rapat ini.
                                                   •   Menyetujui untuk menyusun kembali seluruh ketentuan dalam Anggaran Dasar Perseroan sehubungan
                                                       dengan perubahan sebagaimana dimaksud pada butir 1 dan butir 2 Keputusan tersebut diatas.
                                                   •   Memberikan kuasa dan wewenang kepada Direksi Perseroan dengan hak substitusi untuk melakukan
                                                       segala tindakan yang diperlukan berkaitan dengan Keputusan mata acara Rapat, termasuk menyusun
                                                       dan menyatakan kembali seluruh Anggaran Dasar Perseroan dalam suatu Akta Notaris dan
                                                       memberikan kuasa dengan hak substitusi untuk menyampaikan kepada instansi yang berwenang
                                                       untuk mendapatkan persetujuan dan/atau tanda penerimaan pemberitahuan perubahan Anggaran
                                                       Dasar Perseroan, melakukan segala sesuatu yang dipandang perlu dan berguna untuk keperluan
                                                       tersebut dengan tidak ada satu pun yang dikecualikan, termasuk untuk mengadakan penambahan
                                                       dan/atau perubahan dalam perubahan Anggaran Dasar tersebut, jika hal tersebut dipersyaratkan
                                                       oleh instansi yang berwenang.
                                                   •   Approved the amendment to Article 3 of the Company's Articles of Association to be adjusted to
                                                       the Central Bureau of Statistics Regulation Number 2 of 2020 concerning the Indonesian Standard
                                                       Industrial Classification (“KBLI 2020”) and other related regulations;
                                                   •   Approve the amendments in the provisions of Article 4 paragraph (2), Article 7 paragraph (3), Article
                                                       15 paragraph (16), Article 15 paragraph (2), Article 16 paragraph (2) letter a number 4, Article 16
                                                       paragraph (2) letter a number 6, Article 16 paragraph (2) letter b number 10, Article 16 paragraph
                                                       (2) letter b number 15, Article 16 paragraph (2) letter b number 19, Article 16 paragraph 5, Article
                                                       16 paragraph (14) letter o, Article 16 paragraph 14 letter m, Article 16 paragraph (22), Article 16
                                                       paragraph (22) letter f, Article 19 paragraph (2) letter a number 13, Article 20, Article 20 paragraph
                                                       (1) letter b, Article 23 paragraph (2), and Article 24 in the Articles of Association as proposed in
                                                       this Meeting.
                                                   •   Approve to rearrange all provisions in the Company's Articles of Association in connection with the
                                                       amendments as referred to in point 1 and point 2 of the above Resolution.
                                                   •   To grant power and authority to the Board of Directors of the Company with the right of substitution
                                                       to take all necessary actions related to the Resolutions of the agenda of the Meeting, including to
                                                       compile and restate the entire Articles of Association of the Company in a Notarial Deed and to
                                                       grant power with the right of substitution to submit to the competent authorities to obtain approval
                                                       and/or receipt of notification of amendments to the Articles of Association of the Company, to do
                                                       everything deemed necessary and useful for such purposes with no one being excluded, including
                                                       to make additions and/or changes in the amendments to the Articles of Association, if so required
                                                       by the competent authorities.




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                                                                                                                           Tata Kelola Perusahaan
                                                                                                                            Corporate Governance




     Realisasi                                      Usulan perubahan Anggaran Dasar telah dituangkan dalam Akta Pernyataan Keputusan Rapat PT
     Realization                                    Garuda Maintenance Facility Aero Asia Tbk Nomor 13 tanggal 28 Juni 2024 yang telah mendapatkan
                                                    penerimaan pemberitahuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia sesuai
                                                    dengan Surat Nomor AHU-AH.01.03-0175124 tanggal 23 Juli 2024.
                                                    The proposed amendment to the Articles of Association has been set forth in the Deed of Meeting
                                                    Resolution of PT Garuda Maintenance Facility Aero Asia Tbk Number 13 dated June 28, 2024 which
                                                    has received notification from the Minister of Law and Human Rights of the Republic of Indonesia
                                                    in accordance with Letter Number AHU-AH.01.03-0175124 dated July 23, 2024.


                                                                 Mata Acara Rapat Ketiga
                                                                  Third Meeting Agenda

     RUPS Luar Biasa                                Jum’at, 28 Juni 2024
     Extraordinary GMS                              Friday, June 28, 2024

     Mata Acara                                     Perubahan Susunan Pengurus Perseroan.
     Agenda                                         Changes in the Composition of the Company's Management.

     J u m l a h Pe m e g a n g S a h a m y a n g   Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa
     mengajukan pertanyaan dan/atau                 Pemegang Saham.
     memberikan pendapat                            There were no questions or opinions raised by Shareholders or Shareholders' proxies.
     Number of Shareholders who asked
     questions and/or gave opinions

     Hasil Pemungutan Suara                                     Setuju                      Tidak Setuju                        Abstain
     Voting Results                                             Agreed                       Disagreed                          Absent
                                                     25.437.512.700 suara/shares    100 suara/shares atau/or        78.700 suara/shares atau/or
                                                     atau/or 99,9996902% suara/     0,0000004% suara/shares dari    0,0003094% suara/shares
                                                     shares dari seluruh saham      seluruh saham yang hadir/ of    dari seluruh saham yang hadir/
                                                     yang hadir/ of all shares      all shares present              of all shares present
                                                     present

     Keputusan Mata Acara Rapat Ketiga              •   Menyetujui untuk memberhentikan nama-nama tersebut di bawah ini yang berlaku efektif
     Resolution of the Third Meeting Agenda             sejak ditutupnya Rapat Umum Pemegang Saham Luar Biasa ini dengan ucapan terima kasih
                                                        atas sumbangan tenaga dan pikiran yang diberikan selama memangku jabatan tersebut.
                                                        a. Bapak Ali Gunawan sebagai Komisaris Independen yang diangkat pada Rapat Umum
                                                             Pemegang Saham Tahunan tanggal 20 Agustus 2021.
                                                        b. Bapak Agit Atriantio sebagai Komisaris Independen yang diangkat pada Rapat Umum
                                                             Pemegang Saham Tahunan tanggal 20 Agustus 2021.
                                                    •   Menyetujui untuk mengangkat nama di bawah ini yang berlaku efektif sejak ditutupnya Rapat
                                                        Umum Pemegang Saham Luar Biasa ini sebagai berikut:
                                                        a. Bapak Ali Gunawan sebagai Komisaris Independen
                                                        b. Bapak Agit Atriantio sebagai Komisaris Independen
                                                    •   Masa jabatan anggota Dewan Komisaris yang diangkat sebagaimana dimaksud pada angka
                                                        2, sesuai dengan ketentuan Anggaran Dasar Perseroan, dengan memperhatikan peraturan
                                                        perundang-undnagan di bidang Pasar Modal dan tanpa mengurangi hak Rapat Umum Pemegang
                                                        Saham (“RUPS”) untuk memberhentikan sewaktu-waktu.
                                                        Dengan memperhatikan keputusan pada butir 1 dan 2 di atas maka susunan Dewan Komisaris
                                                        dan Direksi Perseroan terhitung sejak ditutupnya RUPSLB Perseroan menjadi sebagai berikut:
                                                        Dewan Komisaris
                                                        Komisaris Utama/Komisaris Independen          : Sdr. Dharmadi
                                                        Komisaris 					                               : Sdr. Rahmat Hanafi
                                                        Komisaris Independen 			                      : Sdr. Ali Gunawan
                                                        Komisaris Independen 			                      : Sdr. Agit Atriantio
                                                        Komisaris Independen			                       : Sdr. Abhan
                                                        Direksi
                                                        Direktur Utama 				                           : Sdr. Andi Fahrurrozi
                                                        Direktur Line Operation 			                   : Sdr. Mukhtaris
                                                        Direktur Base Operation			                    : Sdr. Irvan Pribadi
                                                        Direktur Keuangan 				                        : Sdr. Salusra Satria
                                                        Direktur Human Capital & Corporate 		         : Sdr. Pudjo Sarwoko
                                                    •   Anggota Komisaris yang diangkat sebagaimana butir 2 yang masih menjabat ada jabatan lain
                                                        yang dilarang atau peraturan perundang-undangan untuk dirangkap dengan jabatan Anggota
                                                        Komisaris atau Direksi maka yang bersangkutan harus mengundurkan diri atau diberhentikan
                                                        dari jabatannya tersebut.
                                                    •   Menyetujui pemberian tugas dan wewenang setiap anggota Direksi Perseroan ditetapkan
                                                        berdasarkan keputusan Direksi Perseroan setelah mendapat persetujuan tertulis dari Dewan
                                                        Komisaris Perseroan.
                                                    •   Memberikan kuasa dan kewenangan kepada masing-masing Direksi Perseroan dengan hak
                                                        substitusi untuk menyatakan dalam akta Notaris tersendiri, hasil keputusan Rapat sehubungan
                                                        dengan perubahan Dewan Komisaris Perseroan dan melakukan Pemberitahuan dan.atau
                                                        pendaftaran mengenai perubahan susunan anggota Dewan Komisaris dari Perseroan.




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                                       •   Approved to dismiss the names mentioned below effective as of the closing of this Extraordinary
                                           General Meeting of Shareholders with gratitude for the contribution of energy and thought
                                           given during the position.
                                           a. Mr. Ali Gunawan as Independent Commissioner who was appointed at the Annual General
                                                Meeting of Shareholders on August 20, 2021. \
                                           b. Mr. Agit Atriantio as Independent Commissioner who was appointed at the Annual General
                                                Meeting of Shareholders on August 20, 2021.
                                       •   Approved to appoint the names below effective as of the closing of this Extraordinary General
                                           Meeting of Shareholders as follows:
                                           a. Mr. Ali Gunawan as Independent Commissioner
                                           b. Mr. Agit Atriantio as Independent Commissioner
                                       •   The term of office of the appointed members of the Board of Commissioners as referred to in
                                           point 2, in accordance with the provisions of the Company's Articles of Association, with due
                                           observance of the laws and regulations in the Capital Market sector and without prejudice to
                                           the right of the General Meeting of Shareholders (“GMS”) to dismiss them at any time.
                                           With regard to the resolutions in points 1 and 2 above, the composition of the Board of
                                           Commissioners and the Board of Directors of the Company as of the closing of the EGMS of
                                           the Company shall be as follows:
                                           Board of Commissioners
                                           President Commissioner/Independent Commissioner : Br. Dharmadi
                                           Commissioner 					: Br. Rahmat Hanafi
                                           Independent Commissioner 				: Br. Ali Gunawan
                                           Independent Commissioner 				: Br. Agit Atriantio
                                           Independent Commissioner 				: Br. Abhan
                                           Board of Directors
                                           President Director 					: Br. Andi Fahrurrozi
                                           Director of Line Operation				: Br. Mukhtaris
                                           Director of Base Operation				: Br. Irvan Pribadi
                                           Director of Finance					: Br. Salusra Satria
                                           Director of Human Capital & Corporate Affairs               : Br. Pudjo Sarwoko
                                       •   Members of the Board of Commissioners appointed as referred to in point 2 who still hold
                                           other positions that are prohibited or laws and regulations to be concurrent with the position
                                           of Member of the Board of Commissioners or Board of Directors, then the person concerned
                                           must resign or be dismissed from his position.
                                       •   Approved the assignment of duties and authority of each member of the Board of Directors of
                                           the Company to be determined based on the decision of the Board of Directors of the Company
                                           after obtaining written approval from the Board of Commissioners of the Company.
                                       •   To grant power and authority to each member of the Board of Directors of the Company with
                                           the right of substitution to state in a separate Notarial deed the results of the Meeting's decision
                                           in relation to changes in the Board of Commissioners of the Company and to make notification
                                           and/or registration regarding changes in the composition of the Board of Commissioners of
                                           the Company.

    Realisasi                          Telah dituangkan dalam Akta Pernyataan Keputusan Rapat PT Garuda Maintenance Facility Aero
    Realization                        Asia Tbk Nomor 12 tanggal 28 Juni 2024 yang telah mendapatkan penerimaan pemberitahuan
                                       dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia sesuai dengan Surat Nomor AHU.
                                       AH.01.09-0227660 tanggal 17 Juli 2024.
                                       It has been set forth in the Deed of Meeting Resolution of PT Garuda Maintenance Facility Aero
                                       Asia Tbk Number 12 dated June 28, 2024 which has received notification from the Minister of Law
                                       and Human Rights of the Republic of Indonesia in accordance with Letter Number AHU.AH.01.09-
                                       0227660 dated July 17, 2024.


                                                         RUPS Luar Biasa
                                                         Extraordinary GMS

    Hari/Tanggal                       Senin, 28 Oktober 2024
    Day/Date                           Friday, October 28, 2024

    Waktu                              09.21 s/d 10.12 WIB
    Time

    Tempat                             Ruang Auditorium, Gedung Manajemen Garuda, Lantai Dasar, Garuda City, Area Perkantoran
    Venue                              Bandar Udara International Soekarno-Hatta, Tangerang




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                                                                                                                   Tata Kelola Perusahaan
                                                                                                                    Corporate Governance




                                                Tahapan Pelaksanaan RUPS Luar Biasa
                                                 Process in Orgazining the Extraordinary GMS

     Pemberitahuan Penyelenggaraan RUPS    Mengirimkan surat Pemberitahuan Penyelenggaraan RUPS Luar Biasa ke OJK pada tanggal 2
     Kepada OJK                            September 2024 melalui surat Direktur Utama Perseroan No. GMF/DT/SPE-2014/24.
     Notification to Hold GMS to OJK       Sending the Notice of Extraordinary General Meeting of Shareholders to OJK on September 2nd,
                                           2024 through the Company's CEO letter No. GMF/DT/SPE-2014/24.

     Pengumuman                            Pemasangan Pengumuman RUPS Luar Biasa pada situs web PT Bursa Efek Indonesia, situs web
     Announcement                          Perseroan serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris yang dipublikasikan
                                           pada tanggal 9 September 2024.
                                           Posting of the Announcement of the Extraordinary General Meeting of Shareholders on the website
                                           of the Indonesia Stock Exchange, the Company's website and the eASY.KSEI platform in Bahasa
                                           Indonesia and English published on September 9th , 2024.

     Pemanggilan                           Pemanggilan RUPS Luar Biasa dilakukan melalui situs web Bursa Efek Indonesia, situs web Perseroan,
     Invitation                            serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris, yang dipublikasikan pada
                                           tanggal 24 September 2024.
                                           Penundaan Pemanggilan RUPS Luar Biasa melalui situs web Bursa Efek Indonesia, situs web
                                           Perseroan, serta platform eASY.KSEI dalam Bahasa Indonesia dan bahasa Inggris, berturut-turut
                                           pada 15 Oktober 2024, 17 Oktober 2024, dan 22 Oktober 2024.
                                           The Invitation to the Extraordinary General Meeting of Shareholders was made through the Indonesia
                                           Stock Exchange website, the Company's website, as well as the eASY.KSEI platform in Indonesian
                                           and English, which published on September 24th , 2024.
                                           Postponement of the Extraordinary GMS Invitation through the Indonesia Stock Exchange website,
                                           the Company's website, and the eASY.KSEI platform in Indonesian and English, respectively on
                                           October 15, 2024, October 17, 2024, and October 22, 2024.

     Penyelenggaraan RUPS                  RUPS Luar Biasa diselenggarakan pada tanggal 28 Oktober 2024.
     GMS Holding                           The Extraordinary General Meeting of Shareholders has held on October 28th , 2024.

     Pengumuman Ringkasan Risalah RUPS     Ringkasan Risalah RUPS Luar Biasa telah dirilis pada tanggal 2 Juli 2024 yang diumumkan melalui
     Announcement of GMS Minutes Summary   situs web Perseroan dan situs web Bursa Efek Indonesia.
                                           The Summary of Minutes of the Extraordinary GMS was released on July 2nd , 2024 which was
                                           announced through the Company's website and the Indonesia Stock Exchange website.

     Penyampaian Risalah RUPS Kepada OJK   Penyampaian Risalah RUPS Luar Biasa kepada OJK pada tanggal 26 November 2024 melalui surat
     Submission of GMS Minutes to OJK      Corporate Secretary & Legal No. GMF/TS/SPE-2039/24.
                                           Submission of the Minutes of the Extraordinary GMS to OJK on November 26th , 2024 through
                                           Corporate Secretary & Legal letter No. GMF/TS/SPE-2039/24.


    Pada RUPS Luar Biasa yang dilaksanakan tanggal 28 Oktober            At the Extraordinary GMS held on October 28th , 2024 , the
    2024, jumlah saham dengan hak suara yang hadir atau                  number of shares with voting rights present or represented
    diwakili telah memenuhi kuorum dalam RUPS yaitu sebesar              has fulfilled the quorum in the GMS, which is 25.456.173.300
    25.456.173.300 saham atau setara dengan 90,1629728% dari             shares or equivalent to 90,1629728% of all shares with valid
    seluruh saham dengan hak suara sah yang telah dikeluarkan            voting rights issued by the Company, in accordance with the
    oleh Perseroan, sesuai dengan Anggaran Dasar Perusahaan.             Company's Articles of Association.


                                                      Kehadiran RUPS Luar Biasa
                                                     Attendees of the Extraordinary GMS

     RUPS Luar Biasa                       Senin, 28 Oktober 2024
     Extraordinary GMS                     Monday, October 28, 2024

     Dewan Komisaris                       Semua anggota Dewan Komisaris yang menjabat sampai dengan penyelenggaraan RUPS Tahunan
     Board of Commissioners                menghadiri RUPS.
                                           All members of the Board of Commissioners who served until the Annual GMS attended the GMS.

     Direksi                               Semua anggota Direksi yang menjabat sampai dengan penyelenggaraan RUPS Tahunan menghadiri
     Board of Directors                    RUPS.
                                           All members of the Board of Directors who served until the Annual GMS attended the GMS.

     Komite Audit                          Ketua Komite Audit dan Kebijakan Tata Kelola Perusahaan yang menjabat sampai dengan
     Audit Committee                       penyelenggaraan RUPS Luar Biasa menghadiri RUPS.
                                           The Chairman of the Audit and Corporate Governance Policy Committee who served until the
                                           Annual EGMS attended the GMS.




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                                                                Kehadiran RUPS Luar Biasa
                                                              Attendees of the Extraordinary GMS

    Komite Nominasi dan Remunerasi                   Ketua Komite Nominasi dan Remunerasi yang menjabat sampai dengan penyelenggaraan RUPS
    N o m i n a t i o n a n d R e m u n e ra t i o n Luar Biasa menghadiri RUPS.
    Committee                                        All of the Nomination and Remuneration Committee who held the position attended the EGMS.

    Pihak Independen                             •     Shanti Indah Lestari, SH, M.Kn., sebagai Notaris/as the Notary;
    Independent Party                            •     PT Datindo Entrycom sebagai Biro Administrasi Efek Perseroan/as the Securities Administration
                                                       Bureau;
                                                 •     Kantor Akuntan Publik Rintis, Jumadi, Rianto & Rekan sebagai Kantor Akuntan Publik/as the
                                                       Public Account;
                                                 •     TnP Lawfirm sebagai konsultan hukum independent/as the Consultant Independent;
                                                 •     Kantor Jasa Penilai Publik Fuadah, Rudi, & Rekan sebagai Penilai/Independent Assessor;
                                                 •     PT BRI Danareksa Sekuritas sebagai konsultan sekuritas/as a securities consultant.

    Mekanisme Penghitungan Suara                 Perhitungan suara dalam setiap mata acara rapat dilakukan oleh Notaris.
    Voting Mechanism                             The voting process at each agenda was done by the Notary.



   Hasil Keputusan RUPS Luar Biasa telah dituangkan melalui                        The resolutions of the Extraordinary GMS have been set forth in
   akta Berita Acara RUPS Luar Biasa No. 3 Tanggal 28 Oktober                      the deed of Minutes of EGMS No. 3 dated October 28th , 2024
   2024 yang dibuat di hadapan Notaris Shanti Indah Lestari, S.H.,                 made before Notary Shanti Indah Lestari, S.H., M.Kn. Notary
   M.Kn. Notaris di Kabupaten Tangerang.                                           in Tangerang Regency.


                                                 Mata Acara Rapat dan Keputusannya serta Tindak Lanjut
                                                   Meeting Agenda, Resolutions, and Follow-up Status
                                                                  Mata Acara Rapat Pertama
                                                                    First Meeting Agenda

    RUPS Luar Biasa                                  Senin, 28 Oktober 2024
    Extraordinary GMS                                Monday, October 28, 2024


    Mata Acara                                       Persetujuan atas rencana Perseroan untuk melakukan Penambahan Modal dengan Memberikan Hak
    Agenda                                           Memesan Efek Terlebih Dahulu ("PMHMETD”) kepada para Pemegang Saham Pereroan berdasarkan
                                                     Peraturan Otoritas Jasa Keuangan ("OJK”) Nomor 32/POJK.04/2015 tentang Penambahan Modal
                                                     Perusahaan Terbuka dengan Memberikan Hak Memesan Efek Terlebih Dahulu sebagaimana diubah dengan
                                                     POJK No. 14/POJK.04/2019 tentang Perubahan atas POJK No. 32/POJK.04/2015 tentang Penambahan
                                                     Modal Perusahaan Terbuka dengan memberikan Hak Memesan Efek Terlebih Dahulu ("POJK 32/2015”).”
                                                     Approval of the Company's plan to conduct Capital Increase with Pre-emptive Rights (“PMHMETD”) to the
                                                     Company's Shareholders based on Financial Services Authority (“OJK”) Regulation No. 32/POJK.04/2015
                                                     regarding Capital Increase of Public Companies with Pre-emptive Rights as amended by POJK No. 14/
                                                     POJK.04/2019 regarding Amendments to POJK No. 32/POJK.04/2015 regarding Capital Increase of
                                                     Public Companies with Pre-emptive Rights (“POJK 32/2015”).

    Jumlah Pemegang Saham yang mengajukan            Terdapat 3 (tiga) orang pemegang saham yang mengajukan pertanyaan.
    pertanyaan dan/atau memberikan pendapat          There were 3 (three) shareholders who asked questions.
    Number of Shareholders who asked questions
    and/or gave opinions




    Hasil Pemungutan Suara                                       Setuju                         Tidak Setuju                        Abstain
    Voting Results                                               Agreed                          Disagreed                          Absent
                                                      25.455.722.500 suara/shares      400.000 suara/shares atau/or      50.800 suara/shares atau/or
                                                      atau/or 99,9996902% suara/       0,0015713% suara/shares dari      0,0001996% suara/shares
                                                      shares dari seluruh saham        seluruh saham yang hadir/ of      dari seluruh saham yang hadir/
                                                      yang hadir/ of all shares        all shares present                of all shares present
                                                      present




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                                                                                                                                Corporate Governance




     Keputusan Mata Acara Rapat Pertama        •   Menyetujui rencana Perseroan untuk melakukan PMHMETD dengan cara mengeluarkan sebanyak-
     Resolution of the Fourth Meeting Agenda       banyaknya 11.736.512.323 (sebelas miliar tujuh ratus tiga puluh enam juta lima ratus dua belas ribu tiga
                                                   ratus dua puluh tiga) lembar saham Seri B dengan nilai nominal sebesar Rp25 (dua puluh lima Rupiah) per
                                                   lembar saham yang mewakili sebanyak-banyaknya 41,57% (empat puluh satu koma lima tujuh persen)
                                                   dari modal ditempatkan dan disetor penuh Perseroan dengan memperhatikan ketentuan peraturan
                                                   perundang-undangan di bidang pasar modal, khususnya POJK 32/2015.
                                               •   Menyetujui pemberian kewenangan kepada Dewan Komisaris Perseroan dengan hak substitusi untuk
                                                   melaksanakan segala tindakan yang diperlukan berkaitan dengan PMHMETD, termasuk namun tidak
                                                   terbatas untuk:
                                                   a. melakukan peningkatan modal ditempatkan dan disetor Perseroan dengan penerbitan saham-saham
                                                        di PMHMETD, serta termasuk tapi tidak terbatas pada (i) menyetujui penetapan dan penentuan
                                                        kepastian jumlah saham baru yang diterbitkan dalam PMHMETD, (ii) harga pelaksanaan Hak Memesan
                                                        Efek Terlebih Dahulu (”HMETD”) dan (iii) tindakan-tindakan lain sebagaimana diusulkan oleh Direksi
                                                        Perseroan sehubungan dengan pelaksanaan PMHMETD, dengan memperhatikan peraturan perundang-
                                                        undangan yang berlaku termasuk peraturan di bidang pasar modal; dan
                                                   b. menyatakan realisasi jumlah saham yang sesungguhnya telah dikeluarkan sehubungan dengan jumlah
                                                        peningkatan modal ditempatkan dan disetor setelah PMHMETD selesai dilaksanakan yaitu pada
                                                        Pasal 4 ayat 2 dan 3 Anggaran Dasar Perseroan serta melakukan segala tindakan yang diperlukan
                                                        sehubungan dengan hal tersebut dengan memperhatikan peraturan perundang-undangan.
                                               •   Menyetujui pemberian kuasa dan wewenang kepada Direksi Perseroan dengan hak substitusi untuk
                                                   melaksanakan keputusan-keputusan tersebut di atas dan melakukan segala tindakan yang diperlukan
                                                   sehubungan dengan pelaksanaan PMHMETD, termasuk namun tidak terbatas untuk:
                                                   a. dengan tunduk pada keputusan nomor 2 di atas, (i) menentukan jumlah final saham yang dikeluarkan
                                                        dalam rangka PMHMETD; (ii) menentukan harga pelaksanaan dari saham yang akan dikeluarkan
                                                        dalam rangka PMHMETD dan (iii) tindakan-tindakan lain sebagaimana diperlukan sehubungan
                                                        dengan pelaksanaan PMHMETD;
                                                   b. menentukan penggunaan dana hasil PMHMETD;
                                                   c. mengajukan dan menandatangani Pernyataan Pendaftaran kepada Otoritas Jasa Keuangan (untuk
                                                        PMHMETD), termasuk menerbitkan, mencetak, dan menandatangani seluruh dokumen yang diperlukan
                                                        dalam rangka PMHMETD, termasuk tetapi tidak terbatas pada perjanjian yang dibuat dihadapan
                                                        Notaris berikut perubahan dan/atau penambahannya;
                                                   d. menegaskan 1 (satu) atau lebih keputusan dalam Rapat pada 1 (satu) atau lebih akta Notaris, serta
                                                        membuat atau meminta dibuatkan segala aktaakta, surat-surat maupun dokumen-dokumen yang
                                                        diperlukan, hadir di hadapan pihak/pejabat yang berwenang untuk memperoleh persetujuan atau
                                                        melaporkan hal tersebut kepada pihak/pejabat yang berwenang sesuai dengan peraturan perundangan
                                                        yang berlaku; dan
                                                   e. melakukan tindakan-tindakan lain yang diperlukan sehubungan dengan pelaksanaan PMHMETD
                                                        dengan mengacu dan memperhatikan peraturan perundang-undangan yang berlaku termasuk
                                                        peraturan di bidang pasar modal.
                                               •   Approved the Company's plan to conduct PMHMETD by issuing a maximum of 11,736,512,323 (eleven
                                                   billion seven hundred thirty six million five hundred twelve thousand three hundred twenty three) Series
                                                   B shares with a nominal value of Rp25 (twenty five Rupiah) per share representing a maximum of 41.57%
                                                   (forty one point five seven percent) of the Company's issued and fully paid-up capital with due observance
                                                   of the provisions of laws and regulations in the capital market sector, in particular POJK 32/2015.
                                               •   Approved the granting of authority to the Company's Board of Commissioners with substitution rights to
                                                   carry out all necessary actions related to the PMHMETD, including but not limited to:
                                                   a. to increase the issued and paid-up capital of the Company with the issuance of shares in PMHMETD,
                                                         including but not limited to (i) approving the determination and determination of the certainty of
                                                         the number of new shares issued in PMHMETD, (ii) the exercise price of Pre-emptive Rights (“Rights
                                                         Issue”) and (iii) other actions as proposed by the Board of Directors of the Company in connection
                                                         with the implementation of PMHMETD, with due observance of the prevailing laws and regulations
                                                         including regulations in the field of capital markets; and
                                                   b. declare the realization of the number of shares that have actually been issued in connection with the
                                                         increase in issued and paid-up capital after the PMHMETD has been completed, namely in Article
                                                         4 paragraphs 2 and 3 of the Company's Articles of Association and take all necessary actions in
                                                         connection therewith with due observance of laws and regulations.
                                               •   Approve the granting of power and authority to the Board of Directors of the Company with the right
                                                   of substitution to implement the above decisions and take all necessary actions in connection with the
                                                   implementation of PMHMETD, including but not limited to:
                                                   a. subject to decision number 2 above, (i) determine the final number of shares issued in the framework
                                                         of PMHMETD; (ii) determine the exercise price of the shares to be issued in the framework of
                                                         PMHMETD and (iii) other actions as required in connection with the implementation of PMHMETD;
                                                   b. determine the use of proceeds from PMHMETD; c. submit a Registration Statement to the Financial
                                                         Services Authority (for PMHMETD), including issuing, printing and signing all necessary documents
                                                         in the framework of PMHMETD; and (iii) determine the use of proceeds from PMHMETD. determine
                                                         the use of proceeds from PMHMETD;
                                                   c. submit and sign the Registration Statement to the Financial Services Authority (for PMHMETD),
                                                         including issuing, printing, and signing all documents required in the framework of PMHMETD,
                                                         including but not limited to the agreement made before a Notary and its amendments and/or additions;
                                                   d. affirm 1 (one) or more resolutions in the Meeting in 1 (one) or more Notarial deeds, as well as make
                                                         or request to make all deeds, letters and documents required, appear before the authorized party/
                                                         official to obtain approval or report the matter to the authorized party/official in accordance with
                                                         the prevailing laws and regulations; and
                                                   e. take other necessary actions in connection with the implementation of PMHMETD by referring
                                                         to and taking into account the prevailing laws and regulations including regulations in the field of
                                                         capital markets.




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    Realisasi                                    Penambahan Modal oleh Pemegang Saham Utama pada Perseroan berupa aset melalui PMHMETD telah
    Realization                                  dituangkan dalam Akta No. 11 tanggal 30 Desember 2024 dan menerima kepemilikan saham baru Seri
                                                 B diikuti dengan pembelian saham oleh Pemegang Saham Publik.
                                                 Capital Increase by the Major Shareholders in the Company in the form of assets through PMHMETD
                                                 has been set forth in Deed No. 11 dated December 30, 2024 and received new Series B shares followed
                                                 by the purchase of shares by Public Shareholders.


                                                                 Mata Acara Rapat Kedua
                                                                 Second Meeting Agenda

    RUPS Luar Biasa                              Senin, 28 Oktober 2024
    Extraordinary GMS                            Monday, October 28, 2024


    Mata Acara                                   Persetujuan perubahan Pasal 4 ayat (1), ayat (2), dan ayat (3) Anggaran Dasar Perseroan sehubungan
    Agenda                                       dengan penerbitan saham seri baru yakni saham Seri B atas saham Perseroan, serta peningkatan modal
                                                 ditempatkan dan disetor Perseroan sehubungan dengan pelaksanaan PMHMETD.
                                                 Approval of the amendments to Article 4 paragraph (1), paragraph (2), and paragraph (3) of the Company's
                                                 Articles of Association related to the issuance of new series shares, namely Series B shares of the Company's
                                                 shares, as well as an increase in the Company's issued and paid-up capital related to the PMHMETD.

    Jumlah Pemegang Saham yang mengajukan        Tidak ada pertanyaan maupun pendapat yang disampaikan oleh Pemegang Saham atau kuasa Pemegang
    pertanyaan dan/atau memberikan pendapat      Saham.
    Number of Shareholders who asked questions   There were no questions or opinions raised by Shareholders or Shareholders' proxies.
    and/or gave opinions



    Hasil Pemungutan Suara                                      Setuju                            Tidak Setuju                             Abstain
    Voting Results                                              Agreed                             Disagreed                               Absent
                                                     25.455.722.500 suara/shares         400.000 suara/shares atau/or          50.800 suara/shares atau/or
                                                     atau/or 99,9996902% suara/          0,0015713% suara/shares dari          0,0001996% suara/shares
                                                     shares dari seluruh saham           seluruh saham yang hadir/ of          dari seluruh saham yang hadir/
                                                     yang hadir/ of all shares           all shares present                    of all shares present
                                                     present

    Keputusan Mata Acara Rapat Pertama           •     Menyetujui mengeluarkan saham dengan nilai nominal berbeda dan karenanya menerbitkan saham seri
    Resolution of the Fourth Meeting Agenda            baru yaitu saham Seri B, masing-masing saham bernilai nominal Rp25,00 (dua puluh lima Rupiah) dan
                                                       menetapkan seluruh saham yang telah diterbitkan oleh Perseroan sebelum pelaksanaan PMHMETD
                                                       menjadi saham Seri A.
                                                 •     Menyetujui perubahan Pasal 4 ayat (1) Anggaran Dasar Perseroan sehubungan dengan penerbitan
                                                       saham seri baru yakni saham Seri B atas saham Perseroan, dari yang semula modal dasar Perseroan
                                                       adalah sebesar Rp10.000.000.000.000,00 (sepuluh triliun Rupiah) yang terbagi atas 100.000.000.000
                                                       (seratur miliar) saham, masing-masing saham bernilai nominal Rp100,00 (seratus Rupiah) menjadi
                                                       modal dasar Perseroan adalah sebesar Rp10.000.000.000.000 (sepuluh triliun Rupiah) yang terbagi
                                                       atas 95.000.000.000 (Sembilan puluh lima miliar) saham Seri A, masing-masing saham bernilai nominal
                                                       Rp100,00 (seratus Rupiah) dan 20.000.000.000 (dua puluh miliar) saham Seri B, masing-masing saham
                                                       bernilai nominal Rp25,00 (dua puluh lima Rupiah).
                                                 •     Menyetujui perubahan Pasal 4 ayat (2) dan ayat (3) Anggaran Dasar Perseroan yaitu peningkatan modal
                                                       ditempatkan dan disetor Perseroan sehubungan dengan pelaksanaan PMHMETD.
                                                 •     Menyetujui untuk menyatakan kembali anggaran dasar Perseroan secara keseluruhan, sepanjang tidak
                                                       bertentangan dengan peraturan perundang-undangan yang berlaku dan memberikan kuasa dan wewenang
                                                       dengan hak substitusi kepada Direksi Perseroan, untuk melakukan segala Tindakan yang diperlukan
                                                       sehubungan dengan keputusan tersebut di atas, untuk menuangkan keputusan perubahan anggaran
                                                       dasar Perseroan tersebut ke dalam akta yang dibuat di hadapan Notaris, serta meminta persetujuan
                                                       dan memberitahukan perubahan anggaran dasar Perseroan tersebut kepada Menteri Hukum dan Hak
                                                       Asasi Manusia Republik Indonesia, dan melakukan semua Tindakan yang diperlukan sehubungan dengan
                                                       keputusan tersebut sesuai dengan peraturan perundang-undangan yang berlaku.
                                                 •     Approved the issuance of shares with different nominal values and therefore issued new series of shares,
                                                       namely Series B shares, each share has a nominal value of Rp25.00 (twenty five Rupiah) and determined
                                                       all shares issued by the Company prior to the PMHMETD to become Series A shares.
                                                 •     Approve the amendment to Article 4 paragraph (1) of the Company's Articles of Association in connection
                                                       with the issuance of new series shares, namely Series B shares, from the Company's authorized capital
                                                       of Rp10,000,000,000,000.00 (ten trillion Rupiah) divided into 100,000,000,000 (one hundred billion)
                                                       shares, each share with a nominal value of Rp100.00 (one hundred Rupiah) to the Company's authorized
                                                       capital of Rp10. 000,000,000,000 (ten trillion Rupiah) divided into 95,000,000,000 (ninety five billion)
                                                       Series A shares, each share having a nominal value of Rp100.00 (one hundred Rupiah) and 20,000,000,000
                                                       (twenty billion) Series B shares, each share having a nominal value of Rp25.00 (twenty five Rupiah).
                                                 •     Approved the amendment to Article 4 paragraph (2) and paragraph (3) of the Company's Articles of
                                                       Association, namely the increase in the issued and paid-up capital of the Company in connection with
                                                       the PMHMETD.
                                                 •     Approved to restate the Company's articles of association in its entirety, to the extent that it does not
                                                       conflict with the prevailing laws and regulations and to grant power and authority with the right of
                                                       substitution to the Board of Directors of the Company, to take all necessary actions in connection with
                                                       the aforementioned resolution, to pour the decision to amend the Company's articles of association
                                                       into a deed made before a Notary, and to request approval and notify the amendment to the Company's
                                                       articles of association to the Minister of Law and Human Rights of the Republic of Indonesia, and to take all
                                                       necessary actions in connection with the decision in accordance with the prevailing laws and regulations.




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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                             Corporate Governance




     Realisasi                                     Akta Pernyataan Keputusan Rapat Perubahan Anggaran Dasar Nomor 5 tanggal 28 Oktober 2024 yang
     Realization                                   telah diberitahukan kepada Menteri Hukum dan Hak Asasi Manusia Republik Indonesia sebagaimana
                                                   dibuktikan dengan Surat Penerimaan Pemberitahuan Perubahan Anggaran Dasar Nomor AHU-
                                                   AH.01.03-0205295 tanggal 29 Oktober 2024.
                                                   Deed of Meeting Resolution of Amendment of Articles of Association Number 5 dated October 28,
                                                   2024 which has been notified to the Minister of Law and Human Rights of the Republic of Indonesia as
                                                   evidenced by the Letter of Acceptance of Notification of Amendment of Articles of Association Number
                                                   AHU-AH.01.03-0205295 dated October 29, 2024.


    PELAKSANAAN DAN TINDAK LANJUT                                                IMPLEMENTATION AND FOLLOW-UP
    HASIL KEPUTUSAN RUPS YANG                                                    OF THE GMS RESOLUTIONS IN 2023
    DISELENGGARAKAN PADA TAHUN 2023

                                         Keputusan RUPS Tahunan Tanggal 28 Juni 2023                                                     Realisasi
                                        Resolution of the Annual GMS dated June 28, 2023                                                Realization
     Mata Acara Rapat Pertama                                       Resolution of the First Meeting Agenda                        Keputusan sudah
     Menyetujui dan mengesahkan Laporan Tahunan Perseroan           To approve and ratify the Company's Annual Report for         terealisasi
     Tahun Buku 2022 termasuk di dalamnya Laporan                   the Financial Year 2022, including the Report on the          The resolution has
     Pelaksanaan Tugas Pengawasan Dewan Komisaris yang              Implementation of the Supervisory Duties of the Board         been realized
     berakhir pada tanggal 31 Desember 2022 serta Laporan           of Commissioners ending 31 December 2022 and the
     Keuangan Konsolidasian Perseroan Tahun Buku 2022 yang          Company's Consolidated Financial Statements for the
     berakhir pada tanggal 31 Desember 2022, yang telah diaudit     Financial Year 2022 ending 31 December 2022, which have
     oleh Kantor Akuntan Publik Tanudiredja, Wibisana, Rintis       been audited by the Public Accounting Firm Tanudiredja,
     & Rekan dengan pendapat “Wajar Dalam Semua Hal yang            Wibisana, Rintis & Rekan with the opinion of "Fair in All
     Material”, sebagaimana termuat dalam laporannya Nomor          Material Matters", as contained in its report Number
     00626/2.1025/AU.1/10/0225-1/1/IV/2023 tanggal 12               00626/2.1025/AU.1/10/0225-1/1/IV/2023 dated 12
     April 2023; dan                                                April 2023; and
     Memberikan pelunasan dan pembebasan tanggung jawab             To grant full release and discharge (volledig acquit et
     sepenuhnya (volledig acquit et de charge) kepada para          de charge) to the members of the Board of Directors
     anggota Direksi dan anggota Dewan Komisaris atas               and members of the Board of Commissioners for their
     tindakan pengurusan dan pengawasan yang telah dijalankan       management and supervisory actions carried out during
     selama tahun buku 2022, sepanjang tindakan tersebut            the financial year 2022, to the extent that such actions do
     bukan merupakan tindakan pidana dan/atau tindakan yang         not constitute criminal acts and/or actions contrary to the
     bertentangan dengan peraturan perundangan yang berlaku         prevailing laws and regulations and such actions have been
     dan tindakan tersebut telah tercermin dalam Laporan            reflected in the Company's Annual Report and Financial
     Tahunan dan Laporan Keuangan Perseroan untuk tahun             Statements for the financial year ending 31 December 2022.
     buku yang berakhir pada tanggal 31 Desember 2022.
     Keputusan Mata Acara Rapat Kedua                               Resolution of the Second Meeting Agenda                       Keputusan sudah
     Menyetujui dan menetapkan penggunaan Laba Bersih               Approve and determine the utilisation of the Consolidated     terealisasi
     Konsolidasian Tahun Buku 2022 sebesar USD3,628,331             Net Income for the Financial Year 2022 amounting to           The resolution has
     (tiga juta enam ratus dua puluh delapan ribu tiga ratus tiga   USD3,628,331 (three million six hundred twenty-eight          been realized
     puluh satu Dollar Amerika Serikat) sebagai Laba Ditahan        thousand three hundred thirty-one United States Dollars) as
     atau Retained Earning Perseroan untuk mengurangi               Retained Earning of the Company to reduce the Company's
     akumulasi kerugian Perseroan.                                  accumulated losses.
     Keputusan Mata Acara Rapat Ketiga                          Resolution of the Third Meeting Agenda                            Keputusan sudah
     1. Menyetujui pemberian kuasa dan pelimpahan 1. Approved the granting of power and delegation of                             terealisasi
        kewenangan kepada Dewan Komisaris Perseroan                authority to the Company's Board of Commissioners              The resolution has
        dengan terlebih dahulu mendapat persetujuan                with prior written approval from PT Garuda Indonesia           been realized
        tertulis dari PT Garuda Indonesia (Persero) Tbk selaku     (Persero) Tbk as the Controlling Shareholder to
        Pemegang Saham Pengendali untuk menetapkan                 determine the tantiem and/or performance incentives
        pemberian tantiem dan/atau insentif kinerja tahun          for 2022 and determine the remuneration (salary/
        2022 dan menetapkan remunerasi (gaji/honorarium,           honorarium, allowances and facilities) for members
        tunjangan dan fasilitas) bagi anggota Direksi dan Dewan    of the Company's Board of Directors and Board of
        Komisaris Perseroan untuk tahun 2023.                      Commissioners for 2023.
     Keputusan Mata Acara Rapat Keempat                             Resolution of the Fourth Meeting Agenda                       Keputusan sudah
     Menyetujui pemberian kuasa dan pelimpahan kewenangan           Approved the granting of power and delegation of              terealisasi
     kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan        authority to the Company's Board of Commissioners to          The resolution has
     Publik Independen dari Kantor Akuntan Publik (KAP) untuk       appoint an Independent Public Accountant from the Public      been realized
     melakukan pemeriksaan atas Laporan Keuangan Konsolidasian      Accounting Firm (KAP) to conduct an audit of the Company's
     Perseroan untuk tahun buku yang berakhir tanggal 31            Consolidated Financial Statements for the financial year
     Desember 2023, pemeriksaan atas Laporan Keuangan Khusus        ending December 31, 2023, an audit of certain Special
     tertentu pada tahun 2023 dan pemeriksaan atas Laporan          Financial Statements in 2023 and an audit of the Company's
     Keuangan Konsolidasian Perseroan periode lainnya pada tahun    Consolidated Financial Statements for other periods in 2023
     2023 untuk tujuan dan kepentingan Perseroan.                   for the purposes and interests of the Company.
     Menyetujui pemberian kuasa dan pelimpahan kewenangan           Approved the granting of power and delegation of authority
     kepada Dewan Komisaris Perseroan untuk menetapkan              to the Company's Board of Commissioners to determine
     besaran nilai jasanya sesuai ketentuan dan peraturan yang      the amount of service value in accordance with applicable
     berlaku, termasuk untuk menunjuk KAP pengganti bilamana        rules and regulations, including to appoint a replacement
     karena sebab apapun juga berdasarkan ketentuan pasar           KAP if for any reason whatsoever based on capital market
     modal di Indonesia apabila KAP yang ditunjuk tidak dapat       regulations in Indonesia if the appointed KAP is unable
     melakukan tugasnya, dengan kriteria bahwa KAP tersebut         to perform its duties, with the criteria that the KAP is
     terdaftar di Otoritas Jasa Keuangan.                           registered with the Financial Services Authority.

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                                      Keputusan RUPS Luar Biasa Tanggal 28 Juni 2024                                                     Realisasi
                                     Resolution of the Annual GMS dated June 28th, 2024                                                 Realization
    Keputusan Keputusan Mata Acara Rapat Pertama             Resolution of the First Meeting Agenda                                 Keputusan sudah
    1. Menyetujui pengikatan jaminan atas aset Perseroan 1. Approved the binding of collateral for the Company's                    terealisasi
       dalam memenuhi kewajiban Perseroan berdasarkan           assets in fulfilling the Company's obligations under                The resolution has
       program restrukturisasi fasilitas kredit dengan PT       the credit facility restructuring program with PT                   been realized
       Bank Rakyat Indonesia (Persero) Tbk, yang pengikatan     Bank Rakyat Indonesia (Persero) Tbk, which binding
       tersebut dilakukan secara paripassu dengan kreditur-     was carried out paripassu with other creditors of
       kreditur lain Perseroan dengan porsi bagian nilai        the Company with a portion of the collateral value
       jaminan yang ditentukan oleh Perseroan sepanjang         determined by the Company as long as the binding
       pengikatan jaminan tersebut tidak mengubah pokok-        of the guarantee did not change the principal of the
       pokok perjanjian tersebut serta dilaksanakan sesuai      agreement and was carried out in accordance with the
       dengan ketentuan tata kelola perusahaan yang baik dan    provisions of good corporate governance and applicable
       peraturan perundang-undangan yang berlaku.               laws and regulations.
    Keputusan Mata Acara Rapat Kedua                                 Resolution of the Second Meeting Agenda                        Keputusan sudah
    1. Menyetujui perubahan Pasal 3 Anggaran Dasar 1. Approved the amendment to Article 3 of the                                    terealisasi
       Perseroan untuk disesuaikan dengan Peraturan Badan               Company's Articles of Association to be adjusted to         The resolution has
       Pusat Statistik Nomor 2 Tahun 2020 tentang Klasifikasi           the Central Bureau of Statistics Regulation Number          been realized
       Baku Lapangan Usaha Indonesia ("KBLI 2020”) dan                  2 of 2020 concerning the Indonesian Standard
       peraturan lainnya yang terkait;                                  Industrial Classification (“KBLI 2020”) and other related
                                                                        regulations;
    2. Menyetujui perubahan-perubahan dalam ketentuan 2. Approve the amendments in the provisions of Article
       Pasal 4 ayat (2), Pasal 7 ayat (3), Pasal 15 ayat (16), Pasal    4 paragraph (2), Article 7 paragraph (3), Article 15
       15 ayat (2), Pasal 16 ayat (2) huruf a angka 4, Pasal 16         paragraph (16), Article 15 paragraph (2), Article 16
       ayat (2) huruf a angka 6, Pasal 16 ayat (2) huruf b angka        paragraph (2) letter a number 4, Article 16 paragraph
       10, Pasal 16 ayat (2) huruf b angka 15, Pasal 16 ayat (2)        (2) letter a number 6, Article 16 paragraph (2) letter b
       huruf b angka 19, Pasal 16 ayat 5, Pasal 16 ayat (14)            number 10, Article 16 paragraph (2) letter b number 15,
       huruf o, Pasal 16 ayat 14 huruf m, Pasal 16 ayat (22),           Article 16 paragraph (2) letter b number 19, Article 16
       Pasal 16 ayat (22) huruf f, Pasal 19 ayat (2) huruf a angka      paragraph 5, Article 16 paragraph (14) letter o, Article
       13, Pasal 20, Pasal 20 ayat (1) huruf b, Pasal 23 ayat (2),      16 paragraph 14 letter m, Article 16 paragraph (22),
       dan Pasal 24 dalam Anggaran Dasar sebagaimana yang               Article 16 paragraph (22) letter f, Article 19 paragraph
       diusulkan dalam Rapat ini.                                       (2) letter a number 13, Article 20, Article 20 paragraph
                                                                        (1) letter b, Article 23 paragraph (2), and Article 24 in
                                                                        the Articles of Association as proposed in this Meeting.
    3. Menyetujui untuk menyusun kembali seluruh ketentuan 3. Approve to rearrange all provisions in the Company's
       dalam Anggaran Dasar Perseroan sehubungan dengan                 Articles of Association in connection with the
       perubahan sebagaimana dimaksud pada butir 1 dan                  amendments as referred to in point 1 and point 2 of
       butir 2 Keputusan tersebut diatas.                               the above Resolution.
    4. Memberikan kuasa dan wewenang kepada Direksi
       Perseroan dengan hak substitusi untuk melakukan 4. To grant power and authority to the Board of Directors
       segala tindakan yang diperlukan berkaitan dengan                 of the Company with the right of substitution to take
       Keputusan mata acara Rapat, termasuk menyusun                    all necessary actions related to the Resolutions of the
       dan menyatakan kembali seluruh Anggaran Dasar                    agenda of the Meeting, including to compile and restate
       Perseroan dalam suatu Akta Notaris dan memberikan                the entire Articles of Association of the Company in
       kuasa dengan hak substitusi untuk menyampaikan                   a Notarial Deed and to grant power with the right of
       kepada instansi yang berwenang untuk mendapatkan                 substitution to submit to the competent authorities
       persetujuan dan/atau tanda penerimaan pemberitahuan              to obtain approval and/or receipt of notification of
       perubahan Anggaran Dasar Perseroan, melakukan                    amendments to the Articles of Association of the
       segala sesuatu yang dipandang perlu dan berguna untuk            Company, to do everything deemed necessary and
       keperluan tersebut dengan tidak ada satu pun yang                useful for such purposes with no one being excluded,
       dikecualikan, termasuk untuk mengadakan penambahan               including to make additions and/or changes in the
       dan/atau perubahan dalam perubahan Anggaran Dasar                amendments to the Articles of Association, if so
       tersebut, jika hal tersebut dipersyaratkan oleh instansi         required by the competent authorities.
       yang berwenang.

    Usulan perubahan Anggaran Dasar telah dituangkan dalam
    Akta Pernyataan Keputusan Rapat PT Garuda Maintenance          The proposed amendment to the Articles of Association
    Facility Aero Asia Tbk Nomor 13 tanggal 28 Juni 2024 yang      has been set forth in the Deed of Meeting Resolution of
    telah mendapatkan penerimaan pemberitahuan dari Menteri        PT Garuda Maintenance Facility Aero Asia Tbk Number
    Hukum dan Hak Asasi Manusia Republik Indonesia sesuai          13 dated June 28, 2024 which has received notification
    dengan Surat Nomor AHU-AH.01.03-0175124 tanggal                from the Minister of Law and Human Rights of the Republic
    23 Juli 2024.                                                  of Indonesia in accordance with Letter Number AHU-
                                                                   AH.01.03-0175124 dated July 23, 2024.




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                                                                                                                        Tata Kelola Perusahaan
                                                                                                                         Corporate Governance




                                    Keputusan RUPS Luar Biasa Tanggal 28 Juni 2024                                                   Realisasi
                                   Resolution of the Annual GMS dated June 28th, 2024                                               Realization
     Keputusan Mata Acara Rapat Ketiga                         Resolution of the Third Meeting Agenda
     1. Menyetujui untuk memberhentikan nama-nama              1. Approved to dismiss the names mentioned below
        tersebut di bawah ini yang berlaku efektif sejak          effective as of the closing of this Extraordinary
        ditutupnya Rapat Umum Pemegang Saham Luar Biasa           General Meeting of Shareholders with gratitude for
        ini dengan ucapan terima kasih atas sumbangan tenaga      the contribution of energy and thought given during
        dan pikiran yang diberikan selama memangku jabatan        the position.
        tersebut.
        a. Bapak Ali Gunawan sebagai Komisaris Independen           a.   Mr. Ali Gunawan as Independent Commissioner
             yang diangkat pada Rapat Umum Pemegang Saham                who was appointed at the Annual General Meeting
             Tahunan tanggal 20 Agustus 2021.                            of Shareholders on August 20, 2021.
        b. Bapak Agit Atriantio sebagai Komisaris Independen
             yang diangkat pada Rapat Umum Pemegang Saham           b.   Mr. Agit Atriantio as Independent Commissioner
             Tahunan tanggal 20 Agustus 2021.                            who was appointed at the Annual General Meeting
     2. Menyetujui untuk mengangkat nama di bawah ini                    of Shareholders on August 20, 2021.
        yang berlaku efektif sejak ditutupnya Rapat Umum
        Pemegang Saham Luar Biasa ini sebagai berikut:         2.   Approved to appoint the names below effective as of
        a. Bapak Ali Gunawan sebagai Komisaris Independen           the closing of this Extraordinary General Meeting of
        b. Bapak Agit Atriantio sebagai Komisaris Independen        Shareholders as follows:
     3. Masa jabatan anggota Dewan Komisaris yang diangkat          a. Mr. Ali Gunawan as Independent Commissioner
        sebagaimana dimaksud pada angka 2, sesuai dengan
        ketentuan Anggaran Dasar Perseroan, dengan                  b.   Mr. Agit Atriantio as Independent Commissioner
        memperhatikan peraturan perundang-undnagan
        di bidang Pasar Modal dan tanpa mengurangi hak         3.   The term of office of the appointed members of the
        Rapat Umum Pemegang Saham (“RUPS”) untuk                    Board of Commissioners as referred to in point 2, in
        memberhentikan sewaktu-waktu.                               accordance with the provisions of the Company's
     4. Dengan memperhatikan keputusan pada butir 1 dan             Articles of Association, with due observance of the
        2 di atas maka susunan Dewan Komisaris dan Direksi          laws and regulations in the Capital Market sector and
        Perseroan terhitung sejak ditutupnya RUPSLB                 without prejudice to the right of the General Meeting
        Perseroan menjadi sebagai berikut:                          of Shareholders (“GMS”) to dismiss them at any time.
                                                               4.   With regard to the resolutions in points 1 and 2 above,
          Dewan Komisaris                                           the composition of the Board of Commissioners and the
          Komisaris Utama/Komisaris Independen : Sdr. Dharmadi      Board of Directors of the Company as of the closing of
          Komisaris : Sdr. Rahmat Hanafi                            the EGMS of the Company shall be as follows:
          Komisaris Independen : Sdr. Ali Gunawan                   Board of Commissioners
          Komisaris Independen : Sdr. Agit Atriantio                President Commissioner/Independent Commissioner:
          Komisaris Independen : Sdr. Abhan                         Br. Dharmadi
          Direksi                                                   Commissioner : Br. Rahmat Hanafi
          Direktur Utama : Sdr. Andi Fahrurrozi                     Independent Commissioner : Br. Ali Gunawan
          Direktur Line Operation : Sdr. Mukhtaris                  Independent Commissioner : Br. Agit Atriantio
          Direktur Base Operation : Sdr. Irvan Pribadi              Independent Commissioner : Br. Abhan
          Direktur Keuangan : Sdr. Salusra Satria                   Board of Directors
          Direktur Human Capital & Corporate : Sdr. Pudjo           President Director : Br. Andi Fahrurrozi
          Sarwoko                                                   Director of Line Operation: Br. Mukhtaris
     5.   Anggota Komisaris yang diangkat sebagaimana butir         Director of Base Operation: Br. Irvan Pribadi
          2 yang masih menjabat ada jabatan lain yang dilarang      Director of Finance: Br. Salusra Satria
          atau peraturan perundang-undangan untuk dirangkap         Director of Human Capital & Corporate Affairs : Br.
          dengan jabatan Anggota Komisaris atau Direksi maka        Pudjo Sarwoko
          yang bersangkutan harus mengundurkan diri atau 5.         Members of the Board of Commissioners appointed
          diberhentikan dari jabatannya tersebut.                   as referred to in point 2 who still hold other positions
     6.   Menyetujui pemberian tugas dan wewenang setiap            that are prohibited or laws and regulations to be
          anggota Direksi Perseroan ditetapkan berdasarkan          concurrent with the position of Member of the Board of
          keputusan Direksi Perseroan setelah mendapat              Commissioners or Board of Directors, then the person
          persetujuan tertulis dari Dewan Komisaris Perseroan.      concerned must resign or be dismissed from his position.
                                                               6.   Approved the assignment of duties and authority of
                                                                    each member of the Board of Directors of the Company
                                                                    to be determined based on the decision of the Board
                                                                    of Directors of the Company after obtaining written
                                                                    approval from the Board of Commissioners of the
                                                                    Company.




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                                  Keputusan RUPS Luar Biasa Tanggal 28 Juni 2024                                                 Realisasi
                                 Resolution of the Annual GMS dated June 28th, 2024                                             Realization
    7.   Memberikan kuasa dan kewenangan kepada masing- 7.       To grant power and authority to each member of the         Keputusan sudah
         masing Direksi Perseroan dengan hak substitusi untuk    Board of Directors of the Company with the right of        terealisasi
         menyatakan dalam akta Notaris tersendiri, hasil         substitution to state in a separate Notarial deed the      The resolution has
         keputusan Rapat sehubungan dengan perubahan Dewan       results of the Meeting's decision in relation to changes   been realized
         Komisaris Perseroan dan melakukan Pemberitahuan         in the Board of Commissioners of the Company and to
         dan.atau pendaftaran mengenai perubahan susunan         make notification and/or registration regarding changes
         anggota Dewan Komisaris dari Perseroan.                 in the composition of the Board of Commissioners of
                                                                 the Company.
    Telah dituangkan dalam Akta Pernyataan Keputusan Rapat
    PT Garuda Maintenance Facility Aero Asia Tbk Nomor 12    It has been set forth in the Deed of Meeting Resolution of
    tanggal 28 Juni 2024 yang telah mendapatkan penerimaan   PT Garuda Maintenance Facility Aero Asia Tbk Number 12
    pemberitahuan dari Menteri Hukum dan Hak Asasi Manusia   dated June 28, 2024 which has received notification from
    Republik Indonesia sesuai dengan Surat Nomor AHU.        the Minister of Law and Human Rights of the Republic of
    AH.01.09-0227660 tanggal 17 Juli 2024.                   Indonesia in accordance with Letter Number AHU.AH.01.09-
                                                             0227660 dated July 17, 2024.




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                                                                                                                              Corporate Governance




                                   Keputusan RUPS Luar Biasa Tanggal 28 Oktober 2024                                                        Realisasi
                                Resolution of the Extraordinary GMS dated October 28th, 2024                                               Realization
     Keputusan Mata Acara Rapat Pertama                             Resolution of the First Meeting Agenda
     1. Menyetujui rencana Perseroan untuk melakukan                1. Approved the Company's plan to conduct PMHMETD
        PMHMETD dengan cara mengeluarkan sebanyak-                     by issuing a maximum of 11,736,512,323 (eleven billion
        banyaknya 11.736.512.323 (sebelas miliar tujuh ratus           seven hundred thirty six million five hundred twelve
        tiga puluh enam juta lima ratus dua belas ribu tiga ratus      thousand three hundred twenty three) Series B shares
        dua puluh tiga) lembar saham Seri B dengan nilai nominal       with a nominal value of Rp25 (twenty five Rupiah) per
        sebesar Rp25 (dua puluh lima Rupiah) per lembar saham          share representing a maximum of 41.57% (forty one
        yang mewakili sebanyak-banyaknya 41,57% (empat puluh           point five seven percent) of the Company's issued
        satu koma lima tujuh persen) dari modal ditempatkan            and fully paid-up capital with due observance of the
        dan disetor penuh Perseroan dengan memperhatikan               provisions of laws and regulations in the capital market
        ketentuan peraturan perundang-undangan di bidang pasar         sector, in particular POJK 32/2015.
        modal, khususnya POJK 32/2015.
     2. Menyetujui pemberian kewenangan kepada Dewan
        Komisaris Perseroan dengan hak substitusi untuk             2.   Approved the granting of authority to the Company's
        melaksanakan segala tindakan yang diperlukan berkaitan           Board of Commissioners with substitution rights to carry
        dengan PMHMETD, termasuk namun tidak terbatas                    out all necessary actions related to the PMHMETD,
        untuk:                                                           including but not limited to:
        a. melakukan peningkatan modal ditempatkan dan
             disetor Perseroan dengan penerbitan saham-saham             a.   to increase the issued and paid-up capital of the
             di PMHMETD, serta termasuk tapi tidak terbatas                   Company with the issuance of shares in PMHMETD,
             pada (i) menyetujui penetapan dan penentuan                      including but not limited to (i) approving the
             kepastian jumlah saham baru yang diterbitkan                     determination and determination of the certainty
             dalam PMHMETD, (ii) harga pelaksanaan Hak                        of the number of new shares issued in PMHMETD,
             Memesan Efek Terlebih Dahulu (”HMETD”) dan (iii)                 (ii) the exercise price of Pre-emptive Rights (“Rights
             tindakan-tindakan lain sebagaimana diusulkan oleh                Issue”) and (iii) other actions as proposed by the
             Direksi Perseroan sehubungan dengan pelaksanaan                  Board of Directors of the Company in connection
             PMHMETD, dengan memperhatikan peraturan                          with the implementation of PMHMETD, with due
             perundang-undangan yang berlaku termasuk                         observance of the prevailing laws and regulations
             peraturan di bidang pasar modal; dan                             including regulations in the field of capital markets;
        b. menyatakan realisasi jumlah saham yang                             and
             sesungguhnya telah dikeluarkan sehubungan                   b.   declare the realization of the number of shares
             dengan jumlah peningkatan modal ditempatkan                      that have actually been issued in connection with
             dan disetor setelah PMHMETD selesai dilaksanakan                 the increase in issued and paid-up capital after the
             yaitu pada Pasal 4 ayat 2 dan 3 Anggaran Dasar                   PMHMETD has been completed, namely in Article
             Perseroan serta melakukan segala tindakan yang                   4 paragraphs 2 and 3 of the Company's Articles
             diperlukan sehubungan dengan hal tersebut dengan                 of Association and take all necessary actions in
             memperhatikan peraturan perundang-undangan.                      connection therewith with due observance of laws
     3. Menyetujui pemberian kuasa dan wewenang kepada                        and regulations.
        Direksi Perseroan dengan hak substitusi untuk
        melaksanakan keputusan-keputusan tersebut di atas dan       3.   Approve the granting of power and authority to the
        melakukan segala tindakan yang diperlukan sehubungan             Board of Directors of the Company with the right of
        dengan pelaksanaan PMHMETD, termasuk namun tidak                 substitution to implement the above decisions and
        terbatas untuk:                                                  take all necessary actions in connection with the
        a. dengan tunduk pada keputusan nomor 2 di atas, (i)             implementation of PMHMETD, including but not limited
             menentukan jumlah final saham yang dikeluarkan              to:
             dalam rangka PMHMETD; (ii) menentukan harga                 a. subject to decision number 2 above, (i) determine the
             pelaksanaan dari saham yang akan dikeluarkan                    final number of shares issued in the framework of
             dalam rangka PMHMETD dan (iii) tindakan-tindakan                PMHMETD; (ii) determine the exercise price of the
             lain sebagaimana diperlukan sehubungan dengan                   shares to be issued in the framework of PMHMETD
             pelaksanaan PMHMETD;                                            and (iii) other actions as required in connection with
        b. menentukan penggunaan dana hasil PMHMETD;                         the implementation of PMHMETD;
                                                                         b. determine the use of proceeds from PMHMETD;




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                                 Keputusan RUPS Luar Biasa Tanggal 28 Oktober 2024                                                    Realisasi
                              Resolution of the Extraordinary GMS dated October 28th, 2024                                           Realization
       c.   mengajukan dan menandatangani Pernyataan                 c.   submit and sign the Registration Statement to            Keputusan sudah
            Pendaftaran kepada Otoritas Jasa Keuangan (untuk              the Financial Services Authority (for PMHMETD),          terealisasi
            PMHMETD), termasuk menerbitkan, mencetak, dan                 including issuing, printing, and signing all documents   The resolution
            menandatangani seluruh dokumen yang diperlukan                required in the framework of PMHMETD, including          has been realized
            dalam rangka PMHMETD, termasuk tetapi tidak                   but not limited to the agreement made before a
            terbatas pada perjanjian yang dibuat dihadapan                Notary and its amendments and/or additions;
            Notaris berikut perubahan dan/atau penambahannya;
       d.   menegaskan 1 (satu) atau lebih keputusan dalam           d.   affirm 1 (one) or more resolutions in the Meeting in
            Rapat pada 1 (satu) atau lebih akta Notaris, serta            1 (one) or more Notarial deeds, as well as make or
            membuat atau meminta dibuatkan segala aktaakta,               request to make all deeds, letters and documents
            surat-surat maupun dokumen-dokumen yang                       required, appear before the authorized party/
            diperlukan, hadir di hadapan pihak/pejabat yang               official to obtain approval or report the matter to
            berwenang untuk memperoleh persetujuan atau                   the authorized party/official in accordance with the
            melaporkan hal tersebut kepada pihak/pejabat yang             prevailing laws and regulations; and
            berwenang sesuai dengan peraturan perundangan
            yang berlaku; dan                                        e.   take other necessary actions in connection with
       e.   melakukan tindakan-tindakan lain yang diperlukan              the implementation of PMHMETD by referring
            sehubungan dengan pelaksanaan PMHMETD dengan                  to and taking into account the prevailing laws and
            mengacu dan memperhatikan peraturan perundang-                regulations including regulations in the field of
            undangan yang berlaku termasuk peraturan di bidang            capital markets.
            pasar modal.
                                                                 The Capital Increase by the Major Shareholders in the
   Penambahan Modal oleh Pemegang Saham Utama pada               Company in the form of assets through PMHMETD was set
   Perseroan berupa aset melalui PMHMETD telah dituangkan        forth in Deed No. 11 dated December 30, 2024 and the Major
   dalam Akta No. 11 tanggal 30 Desember 2024 dan Pemegang       Shareholders received new Series B shares followed by the
   Saham Utama menerima kepemilikan saham baru Seri B diikuti    purchase of shares by the Public Shareholders.
   dengan pembelian saham oleh Pemegang Saham Publik.




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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                             Corporate Governance




                                   Keputusan RUPS Luar Biasa Tanggal 28 Oktober 2024                                                       Realisasi
                                Resolution of the Extraordinary GMS dated October 28th, 2024                                              Realization
     Keputusan Mata Acara Rapat Kedua                              Resolution of the Second Meeting Agenda                             Keputusan sudah
     1. Menyetujui mengeluarkan saham dengan nilai nominal         1. Approved the issuance of shares with different nominal           terealisasi
        berbeda dan karenanya menerbitkan saham seri baru             values and therefore issued new series of shares,                The resolution
        yaitu saham Seri B, masing-masing saham bernilai nominal      namely Series B shares, each share has a nominal value           has been realized
        Rp25,00 (dua puluh lima Rupiah) dan menetapkan seluruh        of Rp25.00 (twenty five Rupiah) and determined all
        saham yang telah diterbitkan oleh Perseroan sebelum           shares issued by the Company prior to the PMHMETD
        pelaksanaan PMHMETD menjadi saham Seri A.                     to become Series A shares.
     2. Menyetujui perubahan Pasal 4 ayat (1) Anggaran Dasar
        Perseroan sehubungan dengan penerbitan saham seri          2.   Approve the amendment to Article 4 paragraph (1) of
        baru yakni saham Seri B atas saham Perseroan, dari              the Company's Articles of Association in connection
        yang semula modal dasar Perseroan adalah sebesar                with the issuance of new series shares, namely Series
        Rp10.000.000.000.000,00 (sepuluh triliun Rupiah) yang           B shares, from the Company's authorized capital of
        terbagi atas 100.000.000.000 (seratur miliar) saham,            Rp10,000,000,000,000.00 (ten trillion Rupiah) divided
        masing-masing saham bernilai nominal Rp100,00 (seratus          into 100,000,000,000 (one hundred billion) shares, each
        Rupiah) menjadi modal dasar Perseroan adalah sebesar            share with a nominal value of Rp100.00 (one hundred
        Rp10.000.000.000.000 (sepuluh triliun Rupiah) yang              Rupiah) to the Company's authorized capital of Rp10.
        terbagi atas 95.000.000.000 (Sembilan puluh lima miliar)        000,000,000,000 (ten trillion Rupiah) divided into
        saham Seri A, masing-masing saham bernilai nominal              95,000,000,000 (ninety five billion) Series A shares,
        Rp100,00 (seratus Rupiah) dan 20.000.000.000 (dua               each share having a nominal value of Rp100.00 (one
        puluh miliar) saham Seri B, masing-masing saham bernilai        hundred Rupiah) and 20,000,000,000 (twenty billion)
        nominal Rp25,00 (dua puluh lima Rupiah).                        Series B shares, each share having a nominal value of
     3. Menyetujui perubahan Pasal 4 ayat (2) dan ayat (3)              Rp25.00 (twenty five Rupiah).
        Anggaran Dasar Perseroan yaitu peningkatan modal
        ditempatkan dan disetor Perseroan sehubungan dengan        3.   Approved the amendment to Article 4 paragraph (2) and
        pelaksanaan PMHMETD.                                            paragraph (3) of the Company's Articles of Association,
                                                                        namely the increase in the issued and paid-up capital of
     4.   Menyetujui untuk menyatakan kembali anggaran                  the Company in connection with the PMHMETD.
          dasar Perseroan secara keseluruhan, sepanjang tidak 4.        Approved to restate the Company's articles of
          bertentangan dengan peraturan perundang-undangan              association in its entirety, to the extent that it does not
          yang berlaku dan memberikan kuasa dan wewenang                conflict with the prevailing laws and regulations and to
          dengan hak substitusi kepada Direksi Perseroan, untuk         grant power and authority with the right of substitution
          melakukan segala Tindakan yang diperlukan sehubungan          to the Board of Directors of the Company, to take all
          dengan keputusan tersebut di atas, untuk menuangkan           necessary actions in connection with the aforementioned
          keputusan perubahan anggaran dasar Perseroan tersebut         resolution, to pour the decision to amend the Company's
          ke dalam akta yang dibuat di hadapan Notaris, serta           articles of association into a deed made before a Notary,
          meminta persetujuan dan memberitahukan perubahan              and to request approval and notify the amendment to the
          anggaran dasar Perseroan tersebut kepada Menteri              Company's articles of association to the Minister of Law
          Hukum dan Hak Asasi Manusia Republik Indonesia, dan           and Human Rights of the Republic of Indonesia, and to
          melakukan semua Tindakan yang diperlukan sehubungan           take all necessary actions in connection with the decision
          dengan keputusan tersebut sesuai dengan peraturan             in accordance with the prevailing laws and regulations
          perundang-undangan yang berlaku.

     Akta Pernyataan Keputusan Rapat Perubahan Anggaran Dasar      Deed of Meeting Resolution of Amendment of Articles of
     Nomor 5 tanggal 28 Oktober 2024 yang telah diberitahukan      Association Number 5 dated October 28, 2024 which has
     kepada Menteri Hukum dan Hak Asasi Manusia Republik           been notified to the Minister of Law and Human Rights
     Indonesia sebagaimana dibuktikan dengan Surat Penerimaan      of the Republic of Indonesia as evidenced by the Letter of
     Pemberitahuan Perubahan Anggaran Dasar Nomor AHU-             Acceptance of Notification of Amendment of Articles of
     AH.01.03-0205295 tanggal 29 Oktober 2024.                     Association Number AHU-AH.01.03-0205295 dated October
                                                                   29, 2024.




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   Pencegahan Transaksi Orang Dalam [ESG G-08]
   Insider Trading Prevention [ESG G-08]


   Dalam rangka melindungi Pemegang Saham, Perseroan                 To protect Shareholders, the Company also implements
   juga melaksanakan kebijakan yang berlaku umum mengenai            generally applicable policies regarding securities transactions
   transaksi efek bagi orang dalam (insider trading) sesuai dengan   by insiders (insider trading) in accordance with prevailing
   ketentuan yang berlaku.                                           regulations.

   Secara garis besar, orang dalam Perseroan yang mempunyai          Broadly speaking, Company insiders who possess insider
   Informasi orang dalam dilarang untuk melakukan pembelian          information are prohibited from purchasing or selling,
   atau penjualan, mempengaruhi pihak lain untuk melakukan           influencing others to purchase or sell, or providing information
   pembelian atau penjualan, atau memberi informasi kepada           to any party for the purpose of purchasing or selling the
   pihak manapun untuk tujuan melakukan pembelian atau               Company's securities or the securities of other companies
   penjualan atas efek Perseroan atau efek perusahaan lain yang      transacting with the Company (while observing exceptions
   melakukan transaksi dengan Perseroan (dengan memperhatikan        based on Financial Services Authority Regulation No. 78/
   pengecualian berdasarkan Peraturan Otoritas Jasa Keuangan         POJK.04/2017 dated December 21, 2017, concerning Securities
   No. 78/POJK.04/2017 tanggal 21 Desember 2017 tentang              Transactions Not Prohibited for Insiders). The Company strictly
   Transaksi Efek Yang Tidak Dilarang Bagi Orang Dalam).             separates confidential corporate information and data from
   Perseroan memisahkan secara tegas informasi dan data              publicly available information.
   korporasi yang bersifat rahasia dengan yang bersifat publik.

   Perseroan memastikan bahwa informasi dirilis ke pasar secara      The Company ensures that information is released to the market
   seimbang, adil, dan tepat waktu sehingga perdagangan sekuritas    in a balanced, fair, and timely manner so that securities trading
   dilakukan hanya berdasarkan keseimbangan informasi antara         is conducted solely based on an equal balance of information
   orang dalam dan masyarakat umum.                                  between insiders and the general public.




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                                                                                  Dewan Komisaris
                                                                                 Board of Commissioners


    Dewan Komisaris merupakan salah satu organ utama                 The Board of Commissioners is one of the Company’s main
    Perusahaan yang menjalankan fungsi pengawasan dan                bodies to supervise and advise the Board of Directors concerning
    memberikan nasihat kepada Direksi terkait pengelolaan            the management of the Company. The supervisory function
    Perseroan. Fungsi pengawasan Dewan Komisaris telah               of the Board of Commissioners has been regulated in Law
    diatur dalam Undang-Undang Nomor 40 Tahun 2007 tentang           Number 40 of 2007 concerning Limited Liability Companies,
    Perseroan Terbatas yang turut mempertimbangkan pencapaian        which considers the vision and business achievement and the
    visi dan tujuan usaha serta implementasi GCG.                    implementation of GCG.

    KRITERIA DAN PROSEDUR                                            CRITERIA AND PROCEDURE FOR
    PENGANGKATAN SERTA PEMBERHENTIAN                                 APPOINTMENT AND DISMISSAL OF THE
    DEWAN KOMISARIS [ESG G-06]                                       BOARD OF COMMISSIONERS [ESG G-06]

    Anggota Dewan Komisaris wajib memenuhi kriteria dan              Members of the Board of Commissioners must meet the
    kualifikasi sebagaimana tertuang dalam Anggaran Dasar            criteria and qualifications as stated in the Company’s Articles
    Perseroan sebagai berikut:                                       of Association as follows:
    1. Mempunyai akhlak, moral, dan integritas yang baik;            1. Have good morals, ethics, and integrity;
    2. Cakap melakukan perbuatan hukum;                              2. Be capable of carrying out legal actions;
    3. Dalam 5 (lima) tahun sebelum pengangkatan dan selama          3. Within 5 (five) years before appointment and during office:
       menjabat:
       a. tidak pernah dinyatakan pailit;                                a. must have never been declared bankrupt;
       b. tidak pernah menjadi anggota Direksi dan/atau                  b. never been a member of the Board of Directors or Board
            anggota Dewan Komisaris yang dinyatakan bersalah                of Commissioners who was found guilty and caused a
            menyebabkan suatu perusahaan dinyatakan pailit;                 company to go bankrupt;
       c. tidak pernah dihukum karena melakukan tindak pidana            c. never been punished for committing a criminal act that
            yang merugikan keuangan negara dan/atau yang                    caused financial losses;
            berkaitan dengan sektor keuangan; dan
       d. tidak pernah menjadi anggota Direksi dan/atau anggota          d. never been a member of the Board of Directors and/or
            Dewan Komisaris yang selama menjabat:                           the Board of Commissioners who, during their tenure,
                                                                            failed to:
           i) pernah tidak menyelenggarakan RUPS Tahunan;                   i) hold an Annual GMS;
           ii) pertanggungjawabannya sebagai anggota Direksi                ii) had their accountability as a member of the Board of
                dan/atau anggota Dewan Komisaris pernah tidak                    Directors and/or Board of Commissioners rejected
                diterima oleh RUPS atau pernah tidak memberikan                  by the GMS, or failed to provide their accountability
                pertanggungjawaban sebagai anggota Direksi dan/                  to the GMS;
                atau anggota Dewan Komisaris kepada RUPS;
           iii) pernah menyebabkan perusahaan yang memperoleh              iii) causing companies with OJK approval or
                izin, persetujuan, atau pendaftaran dari OJK tidak              registration permits to not fulfill their obligations
                memenuhi kewajiban menyampaikan laporan                         to submit annual reports and/or financial reports
                tahunan dan/atau laporan keuangan kepada OJK.                   to OJK.
    4. Memiliki komitmen untuk mematuhi peraturan perundang-         4. Have a commitment to comply with statutory regulations;
       undangan;
    5. Memiliki pengetahuan dan/atau keahlian di bidang yang         5. Have knowledge and/or expertise in the field required by
       dibutuhkan perseroan.                                            the company.

    Proses seleksi calon anggota Dewan Komisaris dilaksanakan        The selection process for candidates for the Board of
    oleh Komite Nominasi dan Remunerasi dengan mekanisme             Commissioners is carried out by the Nomination and
    sebagai berikut:                                                 Remuneration Committee with the following mechanism.




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   1. Pembentukan Tim Evaluasi                                    1. Establishment of Evaluation Team
      Perseroan membentuk Tim Evaluasi dengan menunjuk               The Company forms an Evaluation Team by appointing
      tenaga ahli atau Lembaga Profesional untuk melakukan           experts or professional institutions to conduct the
      penilaian, jika diperlukan;                                    assessment, if necessary;
      a. Tim Evaluasi melakukan penjaringan dan penilaian            a. The Evaluation Team reviews and evaluates the
         terhadap Calon Direksi dan Calon Komisaris;                     Candidates for the Directors and Commissioners;
      b. Tim Evaluasi menetapkan hasil evaluasi akhir penilaian      b. The Evaluation Team determines the final evaluation
         untuk disampaikan kepada Direksi PT Garuda Indonesia            results to be submitted to the Directors of PT Garuda
         (Persero) Tbk guna menetapkan penetapan;                        Indonesia (Persero) Tbk in order to determine the
      c. Tim Evaluasi menetapkan hasil evaluasi akhir penilaian          determination;
         untuk disampaikan kepada Direksi PT Garuda Indonesia        c. The Evaluation Team determines the final evaluation
         (Persero) Tbk guna menetapkan penetapan.                        results to be submitted to the Directors of PT Garuda
                                                                         Indonesia (Persero) Tbk in order to determine the
                                                                         determination.
   2. Proses Penjaringan                                          2. Selection Process
      a. Tim Evaluasi menerima usulan dan mencari informasi          a. The Evaluation Team accepts proposals and seeks
         bakal calon Direksi dan bakal Calon Komisaris dari              information on prospective Directors and prospective
         berbagai sumber;                                                Commissioners from various sources;
      b. Tim Evaluasi melakukan seleksi berdasarkan kriteria         b. The Evaluation Team selects based on established
         dan persyaratan administrasi yang ditetapkan (CV,               criteria and administrative requirements (CV, other
         dokumen lain, dan informasi yang diterima) untuk                documents, and information received) to compile a
         menyusun Daftar Bakal Calon (long list) sebanyak                Candidate Candidate List (long list) of at least 5 (five)
         minimal 5 (lima) orang calon untuk masing-masing                candidates for each of the directors’ positions and
         jabatan anggota Direksi dan untuk jabatan Dewan                 for positions Board of Commissioners, a minimum
         Komisaris, minimal 3 (tiga) kali lipat jumlah jabatan           of 3 (three) times the number of vacant Board of
         Dewan Komisaris yang kosong;                                    Commissioners positions;
      c. Tim Evaluasi menyerahkan Daftar Bakal Calon (long           c. The Evaluation Team submits a Candidate List (long
         list) kepada Direksi PT Garuda Indonesia (Persero) Tbk          list) to the Directors of PT Garuda Indonesia (Persero)
         untuk memperoleh persetujuan.                                   Tbk for approval.
   3. Proses Penilaian                                            3. Assessment Process
      a. Tim Evaluasi melakukan penilaian terhadap CV dan            a. The Evaluation Team conducts an assessment of CVs
         wawancara bakal Calon Komisaris yang namanya                    and interviews of the Candidates for Candidates whose
         tercantum dalam Daftar Bakal Calon (long list) yang             names are listed in the long list of candidates who
         telah disetujui oleh Direksi PT Garuda Indonesia                have been approved by the Directors of PT Garuda
         (Persero) Tbk untuk memperoleh calon-calon terbaik              Indonesia (Persero) Tbk to obtain the best candidates
         yang akan diusulkan kepada Direksi PT Garuda                    to be proposed to the Directors of PT Garuda Indonesia
         Indonesia (Persero) Tbk sebagai Calon Komisaris;                (Persero) Tbk as Commissioner Candidate;
      b. Tim Evaluasi menyampaikan Daftar Calon (short list)         b. The Evaluation Team submits a Candidate List (short list)
         kepada Direksi PT Garuda Indonesia (Persero) Tbk                to the Directors of PT Garuda Indonesia (Persero) Tbk to
         untuk menetapkan Calon Komisaris terpilih.                      determine the elected Candidates for Commissioners.
   4. Proses Penetapan                                            4. Determination Process
      a. Direksi PT Garuda Indonesia (Persero) Tbk melakukan         a. The Board of Directors of PT Garuda Indonesia
         evaluasi akhir atas hasil Penilaian untuk menetapkan            (Persero) Tbk conducted a final evaluation of the results
         1 (satu) calon Komisaris terpilih untuk jabatan Dewan           of the Assessment to establish 1 (one) candidate for
         Komisaris;                                                      Commissioners elected to the Board of Commissioners
                                                                         position;
      b. Direksi PT Garuda Indonesia (Persero) Tbk mengajukan        b. The Directors of PT Garuda Indonesia (Persero) Tbk
         Calon Komisaris untuk ditetapkan dalam RUPS Anak                proposed the Candidates for Commissioners to be
         Perusahaan menjadi anggota Dewan Komisaris GMF.                 determined at the GMS of Subsidiaries to become
                                                                         members of the GMF Board of Commissioners.




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    Mekanisme pemberhentian Dewan Komisaris dapat dilakukan        The mechanism for dismissing the Board of Commissioners
    sewaktu-waktu dengan persetujuan pemegang saham setelah        can be done at any time with the approval of the shareholders
    terbukti melakukan beberapa hal sebagai berikut:               after it is proven that they have done the following:
    1. Terbukti lalai dan tidak melaksanakan tugas dengan baik;    1. Proved to be negligent and do not carry out their duties
                                                                       properly;
    2. Terbukti melakukan dan melanggar ketentuan peraturan        2. Proven to have committed and violated the provisions
       perundang-undangan yang berlaku dan/atau Anggaran               of the prevailing laws and regulations and/or Articles of
       Dasar;                                                          Association;
    3. Terbukti terlibat dalam tindakan yang merugikan             3. Proven to have been involved in an act that was detrimental
       Perusahaan dan/atau negara;                                     to the Company and/or the state;
    4. Terbukti bersalah sebagaimana dinyatakan dalam              4. Be proven guilty as stated in a court that has permanent
       pengadilan yang memiliki kekuatan hukum yang tetap;             legal force;
    5. Terbukti melakukan tindakan yang melanggar etika dan/       5. Is proven to have committed an act that violates ethics
       atau kepatutan sebagai anggota Dewan Komisaris; dan             and/or appropriateness as a member of the Board of
                                                                       Commissioners; and
    6. Mengundurkan diri.                                          6. Resign.

    MASA JABATAN DEWAN KOMISARIS                                   TERM OF OFFICE OF THE BOARD
                                                                   OF COMMISSIONERS

    Para anggota Dewan Komisaris diangkat dan diberhentikan oleh   The members of the Board of Commissioners are appointed
    RUPS. Masa jabatan anggota Dewan Komisaris terhitung sejak     and dismissed by the GMS. The members of the Board of
    tanggal yang ditetapkan oleh RUPS yang mengangkatnya dan       Commissioners started their work from the GMS appointment
    berakhir pada penutupan RUPS Tahunan ke-3 (tiga) pada akhir    date and ended by the time the third Annual GMS closed at the
    1 (satu) periode masa jabatan yang dimaksud. Pengangkatan      end of the first term of their tenure. The appointment of the
    Dewan Komisaris dilakukan dengan memperhatikan peraturan       Board of Commissioners is carried out according to laws and
    perundang-undangan di bidang Pasar Modal dengan tidak          regulations in the Capital Market sector, but without reducing
    mengurangi hak RUPS untuk memberhentikan anggota Dewan         the right of the GMS to, at any time, dismiss them before their
    Komisaris sewaktu-waktu sebelum masa jabatannya berakhir,      term of office ends, with consideration to the provisions of the
    dengan memperhatikan ketentuan Anggaran Dasar Perusahaan.      Articles of Association.



    KOMPOSISI DEWAN                                                THE COMPOSITION OF THE BOARD
    KOMISARIS TAHUN 2024                                           OF COMMISSIONERS IN 2024

    Susunan keanggotaan Dewan Komisaris tahun 2024 telah           The composition of the Board of Commissioners in 2024 was
    ditetapkan berdasarkan keputusan RUPS Tahunan tanggal          set according to the resolution of the Annual GMS on June
    28 Juni 2024. Keanggotaan telah memenuhi ketentuan             28, 2024. The composition has followed OJK Regulation No.
    Peraturan OJK No. 33/POJK.04/2014 mengenai jumlah              33/POJK.04/2014 which regulated the total members to
    anggota Dewan Komisaris, yakni paling kurang terdiri dari      comprise of at least 2 (two) Commissioners. Out of the 5 (five)
    2 (dua) orang anggota Dewan Komisaris. Dari 5 (lima) orang     members of the Company's Board of Commissioners, 4 (three)
    anggota Dewan Komisaris Perseroan, 4 (empat) orang menjabat    serve as Independent Commissioners, constituting 80% of
    sebagai Komisaris Independen, atau 80% dari jumlah anggota     the total member of the Board of Commissioners. This meets
    Dewan Komisaris. Jumlah ini telah memenuhi ketentuan terkait   the provisions that require Independent Commissioners to
    Komisaris Independen yang diwajibkan minimal 30% dari jumlah   constitute at least 30% of the total number of Commissioners.
    keseluruhan Dewan Komisaris.

    Selaras dengan prinsip GCG, keahlian mayoritas anggota Dewan   In line with the principles of GCG, most members of the Board
    Komisaris memiliki pengalaman dan kemampuan sesuai dengan      of Commissioners have the experience and expertise that that
    kebutuhan Perseroan.                                           are required by the Company.




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   Profil seluruh anggota Dewan Komisaris dapat dilihat pada                    Profiles of all members of the Board of Commissioners are
   bab Profil Perusahaan pada Laporan Tahunan Terintegrasi ini.                 available in the Company Profile chapter of this Integrated
   Berikut disampaikan susunan Dewan Komisaris per 31                           Report. Here is the information concerning the composition of
   Desember 2024.                                                               the Board of Commissioners as of December 31, 2024



                             Kronologi Perubahan Susunan Dewan Komisaris Sepanjang Tahun 2024
                               Chronology of Changes in the Composition of the Board of Commissioners throughout 2024
                                                Periode 28 Juni - 31 Desember                                      Keterangan
     Periode 1 Januari - 28 Juni 2024
                                                            2024                                                   Desccription
      From 1 January - 28 June 2024
                                              From 28 June – 31 December 2024
    Dharmadi                                 Dharmadi                           Masih menjabat
    Komisaris Utama                          Komisaris Utama/Independen         Still serving (first period)
    President Commissioner                   President Commissioner/Independent
    Rahmat Hanafi                            Rahmat Hanafi                               Masih menjabat
    Komisaris                                Komisaris                                   Still serving (first period)
    Commissioner                             Commissioner
    Ali Gunawan                              Ali Gunawan                                 Diberhentikan pada RUPS Tahunan dan diangkat sebagai
    Komisaris Independen                     Komisaris Independen                        Komisaris Independen pada RUPS Luar Biasa (periode
    Independent Commissioner                 Independent Commissioner                    pertama)
                                                                                         Dismissed at Annual GMS and appointed as Independent
                                                                                         Commissioner at Extraordinary GMS
    Abhan                                    Abhan                                       Masih menjabat
    Komisaris Independen                     Komisaris Independen                        Still serving (first period)
    Independent Commissioner                 Independent Commissioner
    Agit Atrianto                            Agit Atrianto                               Diberhentikan pada RUPS Tahunan dan diangkat sebagai
    Komisaris Independen                     Komisaris Independen                        Komisaris Independen pada RUPS Luar Biasa (periode
    Independent Commissioner                 Independent Commissioner                    pertama)
                                                                                         Dismissed at Annual GMS and appointed as Independent
                                                                                         Commissioner at Extraordinary GMS (first period)


                                               Susunan Dewan Komisaris per 31 Desember 2024
                                              Board of Commissioners Composition as of December 31, 2024

      Nama                      Jabatan                     Dasar Pengangkatan                  Masa Jabatan                      Periode Jabatan
      Name                      Position                    Basis of Appointment                Term of Office                      Office Term
    Dharmadi      Komisaris Utama / Independe                 Keputusan RUPS Tahunan     28 Juni 2023 - Penutupan         Pertama (sebelumnya tidak
                  P r e s i d e n t C o m m i s s i o n e r / tanggal 28 Juni 2023       R U P S Ta h u n a n y a n g     pernah menjabat sebagai
                  Independent                                 Resolution of the Annual   diselenggarakan 2026             Komisaris Perseroan)
                                                              GMS on 28 June 2023        June 28, 2023 - Closing of the   First (previously never
                                                                                         Annual General Meeting held      served as the Company’s
                                                                                         in 2026                          Commissioner)
    Rahmat        Komisaris                               Keputusan RUPS Tahunan         28 Juni 2023 - Penutupan         Kedua (sebelumnya pernah
    Hanafi        Commissioner                            tanggal 28 Juni 2023           R U P S Ta h u n a n y a n g     menjabat sebagai Komisaris
                                                          Resolution of the Annual       diselenggarakan 2026             Perseroan)
                                                          GMS on 28 June 2023            June 28, 2023 - Closing of the   Second      (previously
                                                                                         Annual General Meeting held      served as the Company’s
                                                                                         in 2026                          Commissioner)
    Ali Gunawan   Komisaris Independen                    Keputusan RUPS Tahunan         20 Agustus 2021 -Penutupan       Pertama (sebelumnya pernah
                  Independent Commissioner                tanggal 20 Agustus 2021        RUPS tahunan yang                menjabat sebagai Komisaris
                                                          Resolution of the Annual       diselenggarakan 2024             Perseroan)
                                                          GMS dated 20 August            August 20, 2021-Closing of       First (previously served
                                                          2021                           annual GMS held in 2024          as the Company’s
                                                                                                                          Commissioner)
    Abhan         Komisaris Independen                    Keputusan RUPS Tahunan         28 Juni 2023 - Penutupan         Pertama (sebelumnya tidak
                  Independent Commissioner                tanggal 28 Juni 2023           R U P S Ta h u n a n y a n g     pernah menjabat sebagai
                                                          Resolution of the Annual       diselenggarakan 2026             Perseroan)
                                                          GMS on 28 June 2023            June 28, 2023 - Closing of the   First (previously never
                                                                                         Annual General Meeting held      served as the Company’s
                                                                                         in 2026                          Commissioner)




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                                                Susunan Dewan Komisaris per 31 Desember 2024
                                               Board of Commissioners Composition as of December 31, 2024

        Nama                       Jabatan                  Dasar Pengangkatan               Masa Jabatan                 Periode Jabatan
        Name                       Position                 Basis of Appointment             Term of Office                 Office Term
     A g i t        Komisaris                             Keputusan RUPS Tahunan      20 Agustus 2021 hingga       Pertama (sebelumnya pernah
     Atriantio      Commissioner                          Tahun Buku tanggal 20       Penutupan RUPST yang         pernah menjabat sebagai
                                                          Agustus 2021 Decision of    diselenggarakan Tahun 2024   Perseroan)
                                                          AGMS on August 20, 2021     August 20, 2021 until the    First (previously served as the
                                                                                      closing of AGMS in 2024      Company’s Commissioner)



    KOMISARIS INDEPENDEN                                                      TERM OF OFFICE OF THE BOARD
                                                                              OF COMMISSIONERS

    Komisaris Independen merupakan anggota Dewan Komisaris                    Independent Commissioner is a member of the Board of
    yang tidak memiliki hubungan keuangan, kepengurusan,                      Commissioners who has no financial relationship, management,
    kepemilikan saham dan/atau hubungan keluarga dengan anggota               share ownership and/or family relationships with members of
    Dewan Komisaris, anggota Direksi dan/atau pemegang saham                  the Board of Commissioners, members of the Board of Directors
    pengendali atau dengan perusahaan yang mungkin menghalangi                and/or controlling shareholders or with a company that may
    atau menghambat posisinya untuk bertindak independen                      hinder his position to act independently and objectively for
    dan obyektif semata-mata demi kepentingan Perseroan dan                   the benefit of the Company based on the principles of GCG.
    independen dengan berpedoman pada prinsip GCG. Komisaris                  Independent Commissioner is responsible to oversee and
    Independen bertanggung jawab untuk melakukan pengawasan                   represent the interests of minority shareholders.
    dan juga mewakili kepentingan pemegang saham minoritas.

    Dari 5 (lima) orang anggota Dewan Komisaris Perseroan, 4                  Out of the 5 (five) members of the Company's Board of
    (empat) orang menjabat sebagai Komisaris Independen atau                  Commissioners, 4 (four) serve as Independent Commissioners,
    80% dari jumlah keseluruhan Dewan Komisaris. Jumlah ini                   constituting 80% of the total number of the Board of
    sesuai dengan ketentuan terkait Komisaris Independen yang                 Commissioners. This meets the provisions that require
    diwajibkan minimal 30% dari jumlah keseluruhan Dewan                      Independent Commissioners to constitute at least 30% of the
    Komisaris.                                                                total number of Commissioners.

    Kriteria Penentuan Komisaris Independen                                   Criteria to Determine Independent Commissioners
    Penetapan Komisaris Independen telah mempertimbangkan                     The appointment of an Independent Commissioner has been
    dan memenuhi kriteria yang diatur dalam Peraturan Otoritas                considered and fulfilled the criteria stipulated in the Financial
    Jasa Keuangan Nomor 33/POJK.04/2014 tentang Direksi dan                   Services Authority Regulation Number 33/POJK.04/2014
    Dewan Komisaris atau Perusahaan Publik.                                   concerning the Board of Directors and the Board of
                                                                              Commissioners or Public Companies.


                            Kriteria Independensi                        Dharmadi          Ali Gunawan          Abhan             Agit Atriantio
                            Independence Criteria
     Memiliki hubungan keuangan dengan anggota Dewan Komsiaris                X                  x                 x                      x
     lainnya, anggota Direksi dan/atau Pemegang Saham Pengendali
     Have financial relations with other members of the Board of
     Commissioners, members of the Board of Directors and/or
     Controlling Shareholders
     Memiliki hubungan kepengurusan Perusahaan dengan anggota                 x                  x                 x                      x
     Dewan Komisaris lainnya, anggota Direksi, dan/atau Pemegang
     Saham Pengendali
     Have a relationship with the management of the Company with
     other members of the Board of Commissioners, members of the
     Board of Directors, and/or Controlling Shareholders
     Memiliki hubungan kepemilikan saham dengan anggota Dewan                 x                  x                 x                      x
     Komisaris lainnya, anggota Direksi, dan/atau Pemegang Saham
     Pengendali
     Have a stock ownership relationship with other members of the
     Board of Commissioners, members of the Board of Directors,
     and/or Controlling Shareholders




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                          Kriteria Independensi                    Dharmadi      Ali Gunawan          Abhan         Agit Atriantio
                          Independence Criteria
    Memiliki hubungan keluarga dengan anggota Dewan Komisaris         x                x                 x                 x
    lainnya, anggota Direksi, dan/atau Pemegang Saham Pengendali
    Have family relations with other members of the Board of
    Commissioners, members of the Board of Directors, and/or
    Controlling Shareholders
    Keterangan | Notes:
    v = ada | yes
    x = tidak ada | no


   TUGAS DAN TANGGUNG JAWAB                                           DUTIES AND RESPONSIBILITIES OF
   DEWAN KOMISARIS                                                    THE BOARD OF COMMISSIONERS

   Sebagaimana diatur dalam Anggaran Dasar dan Pedoman Dewan          As stipulated in the Articles of Association and Board of
   Komisaris, Dewan Komisaris bertugas melakukan pengawasan           Commissioners Charter, the Board of Commissioners has
   terhadap kebijakan pengurusan, jalannya pengurusan pada            a task to supervise the management policies, the general
   umumnya baik mengenai Perseroan maupun usaha Perseroan             management of the Company and its business which run by
   oleh Direksi, serta memberikan nasihat kepada Direksi              the Board of Directors, advising the Board of Directors that
   termasuk pengawasan terhadap pelaksanaa Rencana Jangka             includes overseeing the implementation of Long Term Plan,
   Panjang Perseroan, Rencana Kerja dan Anggaran Perseroan            Work Plan and Budget and the provisions of the Articles of
   serta ketentuan Anggaran Dasar dan Keputusan Rapat Umum            Association and the Resolutions of GMS, applicable laws and
   Pemegang Saham, serta peraturan perundang-undangan yang            regulations, the interests of the Company, and following the
   berlaku, kepentingan Perseroan dan sesuai dengan maksud dan        Company’s purpose and objective. Furthermore, in carrying
   tujuan Perseroan. Selanjutnya, dalam menjalankan tugasnya          out its duties, the Board of Commissioners is obliged to carry
   tersebut, Dewan Komisaris berkewajiban mengemban tanggung          out the following responsibilities:
   jawab sebagai berikut:
   1. Memberikan nasihat kepada Direksi dalam menjalankan             1. Advise the Directors in carrying out management and
       aktivitas pengelolaan dan pengurusan Perseroan;                   management activities of the Company;
   2. Meneliti dan menelaah serta menandatangani Rencana              2. Review and approve, and sign the Company’s Long-Term
       Jangka Panjang Perusahaan (“RJPP”) dan Rencana Kerja dan          Plan (RJPP) and the Company’s Work Plan and Budget
       Anggaran Perusahaan (“RKAP”) yang disusun oleh Direksi            (RKAP) prepared by the Directors with due regard to the
       dengan memperhatikan nilai-nilai yang terkandung dalam            values contained in the Company’s Articles of Association;
       Anggaran Dasar Perseroan;
   3. Memberikan pendapat dan saran kepada Rapat Umum                 3. Provide opinions and suggestions to the General Meeting
       Pemegang Saham mengenai alasan disetujuinya RJPP dan              of Shareholders regarding the reasons for the approval of
       RKAP;                                                             the Company’s Long Term Plan (RJPP) and the Company’s
                                                                         Work Plan and Budget (RKAP);
   4. Memberikan arahan atas kepatuhan Perseroan terhadap             4. Supervising on the Company’s compliance on all
      seluruh perjanjian, perikatan dan komitmen yang dibuat             agreements, binding, and commitment with third parties;
      oleh Perseroan dengan pihak ketiga;
   5. Mengikuti perkembangan kegiatan Perseroan serta                 5. Following the development of the Company’s activities as
      memberikan pendapat dan saran kepada Rapat Umum                    well as providing opinions and suggestions to the General
      Pemegang Saham mengenai masalah yang dianggap penting              Meeting of Shareholders regarding issues considered
      bagi kepengurusan Perseroan;                                       important to the management of the Company;
   6. Menyampaikan pelaporan dengan segera kepada Rapat               6. Submitting reports to the General Meeting of Shareholders
      Umum Pemegang Saham apabila terjadi gejala menurunnya              if there are symptoms of a decline in the Company’s
      kinerja Perseroan dan kejadian penting lainnya yang perlu          performance and other important events;
      diketahui oleh Rapat Umum Pemegang Saham;
   7. Mengkaji laporan berkala dan laporan tahunan yang               7. Review periodic and annual reports prepared by the
      disiapkan oleh Direksi serta menandatangani Laporan                Directors and sign the Annual Report;
      Tahunan;
   8. Memberikan penjelasan, pendapat, dan saran kepada Rapat         8. Provide explanations, opinions, and suggestions to the
      Umum Pemegang Saham mengenai Laporan Tahunan,                      General Meeting of Shareholders regarding the Annual
      apabila diminta;                                                   Report, if requested;
   9. Mengusulkan Akuntan Publik untuk melakukan audit                9. Propose a Public Accountant to audit the Annual Report
      Laporan Tahunan kepada Rapat Umum Pemegang Saham;                  to the General Meeting of Shareholders;




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    10. Melakukan evaluasi terhadap kinerja komite yang                    10. Evaluate the performance of the responsible committee
        membantu pelaksanaan tugas dan tanggung jawabnya                       on the implementation of duties and responsibilities at
        setiap akhir tahun buku;                                               every end of the year;
    11. Mengusulkan Akuntan Publik kepada Rapat Umum                       11. Propose a Public Accountant to the General Meeting of
        Pemegang Saham;                                                        Shareholders;
    12. Membuat Risalah Rapat Dewan Komisaris dan menyimpan                12. Make Minutes of Board of Commissioners’ Meetings and
        salinannya;                                                            keep a copy of them;
    13. Melaporkan kepada Perseroan mengenai kepemilikan                   13. Make Minutes of Board of Commissioners’ Meetings and
        sahamnya dan/atau keluarganya pada Perseroan dan                       keep a copy of them;
        Perseroan lain;
    14. Memberikan laporan tentang tugas pengawasan yang telah             14. Provide reports on the supervisory tasks that have been
        dilakukan selama tahun buku yang baru lampau kepada                    carried out during the new financial year to the General
        Rapat Umum Pemegang Saham;                                             Meeting of Shareholders;
    15. Melaksanakan kewajiban lainnya dalam rangka tugas                  15. Carrying out other obligations in the context of supervisory
        pengawasan dan pemberian nasihat, sepanjang tidak                      duties and providing advice, as long as it does not conflict
        bertentangan dengan peraturan perundang-undangan,                      with the laws and regulations, the Articles of Association,
        Anggaran Dasar Perusahaan, dan/atau Keputusan Rapat                    and/or General Meeting of Shareholders’ Resolutions.
        Umum Pemegang Saham.

    PEMBAGIAN TUGAS ANTAR                                                  DISTRIBUTION OF TASKS BETWEEN
    DEWAN KOMISARIS                                                        THE BOARD OF COMMISSIONERS

    Guna menjamin efektivitas fungsi pengawasan secara                     In order to ensure the effectiveness of the overall supervisory
    menyeluruh, setiap anggota Dewan Komisaris memiliki tugas              function, each member of the BOC has their respective duties
    dan tanggung jawab masing-masing sebagaimana ditetapkan                and responsibilities as stipulated in the Management Contract
    dalam Kontrak Manajemen Dewan Komisaris tanggal 18                     of the BOC dated January 18, 2024. The division of duties of
    Januari 2024. Pembagian tugas masing-masing anggota Dewan              each member of the BOC is outlined in the following table.
    Komisaris dituangkan ke dalam tabel sebagai berikut.


                                                                Dharmadi
                                                      Komisaris Utama/ Independen
                                                   President Commissioner/Independent
     •    Pengawasan Kinerja Perseroan                                 •     Monitoring the Company Performance
     •    Pengawasan Audit Eksternal & Audit Internal                  •     Monitoring the GCG & Compliance
     •    Pengawasan Laporan Keuangan & Standar Akuntansi              •     Monitoring the Internal Control System
     •    Pengawasan GCG & Compliance                                  •     Monitoring the Risk Management
     •    Pengawasan Sistem Pengendalian Internal                      •     Monitoring the RJPP & RKAP
     •    Pengawasan Manajemen Risiko Perusahaan                       •     Monitoring the Nomination & Remuneration
     •    Pengawasan RJPP & RKAP                                       •     Monitoring the HR Management
     •    Pengawasan Nominasi & Remunerasi                             •     Monitoring the Procurement of Goods & Services
     •    Pengawasan Pengelolaan SDM                                   •     Monitoring the Quality & Service Policy
     •    Pengawasan Pengadaan Barang & Jasa                           •     Monitoring the Management of Subsidiaries/Joint Ventures
     •    Pengawasan Kebijakan Mutu & Pelayanan                        •     Monitoring the Information Technology System
     •    Pengawasan Pengelolaan Anak Perusahaan/Perusahaan Patungan
     •    Pengawasan Sistem Teknologi Informasi


                                                              Rahmat Hanafi
                                                                Komisari
                                                              Commissioner
     •    Pengawasan Kinerja Perseroan                                 •     Monitoring the Company Performance
     •    Pengawasan Audit Eksternal & Audit Internal                  •     Monitoring the GCG & Compliance
     •    Pengawasan Laporan Keuangan & Standar Akuntansi              •     Monitoring the Internal Control System
     •    Pengawasan GCG & Compliance                                  •     Monitoring the Risk Management
     •    Pengawasan Sistem Pengendalian Internal                      •     Monitoring the RJPP & RKAP
     •    Pengawasan Manajemen Risiko Perusahaan                       •     Monitoring the Nomination & Remuneration
     •    Pengawasan RJPP & RKAP                                       •     Monitoring the HR Management
     •    Pengawasan Nominasi & Remunerasi
     •    Pengawasan Pengelolaan SDM
     •    Pengawasan Pengadaan Barang & Jasa
     •    Pengawasan Kebijakan Mutu & Pelayanan
     •    Pengawasan Pengelolaan Anak Perusahaan/Perusahaan Patungan
     •    Pengawasan Sistem Teknologi Informasi




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                                                              Ali Gunawan
                                                          Komisaris Independen
                                                        Independent Commissioner
    •     Pengawasan Kinerja Perseroan                                 •     Monitoring the Company Performance
    •     Pengawasan Audit Eksternal & Internal                        •     Monitoring the External & Internal Audit
    •     Pengawasan Laporan Keuangan & Standar Akuntansi              •     Monitoring the Financial Statements & Accounting Standard
    •     Pengawasan GCG & Compliance                                  •     Monitoring the GCG & Compliance
    •     Pengawasan Sistem Pengendalian Internal                      •     Monitoring the Internal Control System
    •     Pengawasan Manajemen Risiko Perusahaan                       •     Monitoring the Risk Management
    •     Pengawasan RJPP & RKAP                                       •     Monitoring the RJPP & RKAP
    •     Pengawasan Kebijakan Mutu & Pelayanan                        •     Monitoring the Procurement of Goods & Services
    •     Pengawasan Pengelolaan Anak Perusahaan/Perusahaan Patungan   •     Monitoring the Quality & Service Policy
    •     Pengawasan Sistem Teknologi Informasi                        •     Monitoring the Management of Subsidiaries/Joint Ventures
                                                                       •     Monitoring the Information Technology System


                                                              Agit Atriantio
                                                          Komisaris Independen
                                                        Independent Commissioner
    •     Pengawasan Kinerja Perseroan                                 •     Monitoring the Company Performance
    •     Pengawasan GCG & Compliance                                  •     Monitoring the External & Internal Audit
    •     Pengawasan Sistem Pengendalian Internal                      •     Monitoring the Financial Statements & Accounting Standard
    •     Pengawasan Manajemen Risiko Perusahaan                       •     Monitoring the GCG & Compliance
    •     Pengawasan RJPP & RKAP                                       •     Monitoring the Internal Control System
    •     Pengawasan Pengadaan Barang & Jasa                           •     Monitoring the Risk Management
    •     Pengawasan Kebijakan Mutu & Pelayanan                        •     Monitoring the RJPP & RKAP
    •     Pengawasan Pengelolaan Anak Perusahaan/Perusahaan Patungan   •     Monitoring the Procurement of Goods & Services
    •     Pengawasan Sistem Teknologi Informasi                        •     Monitoring the Quality & Service Policy
                                                                       •     Monitoring the Management of Subsidiaries/Joint Ventures
                                                                       •     Monitoring the Information Technology System


                                                                 Abhan
                                                          Komisaris Independen
                                                        Independent Commissioner
    •     Pengawasan Kinerja Perseroan                                 •     Monitoring the Company Performance
    •     Pengawasan GCG & Compliance                                  •     Monitoring the GCG & Compliance
    •     Pengawasan Sistem Pengendalian Internal                      •     Monitoring the Internal Control System
    •     Pengawasan Manajemen Risiko Perusahaan                       •     Monitoring the Risk Management
    •     Pengawasan RJPP & RKAP                                       •     Monitoring the RJPP & RKAP
    •     Pengawasan Nominasi & Remunerasi                             •     Monitoring the Nomination & Remuneration
    •     Pengawasan Pengelolaan SDM                                   •     Monitoring the HR Management
                                                                       •     Monitoring the Information Technology System


   PROGRAM ORIENTASI BAGI                                                  ORIENTATION PROGRAM FOR
   KOMISARIS BARU                                                          NEW COMMISSIONERS

   Dewan Komisaris Perseroan terdiri dari berbagai latar belakang          The Company's Board of Commissioners comes from different
   berbeda yang merepresentasikan para pemegang saham                      backgrounds representing shareholders. The Management
   GMF. Manajemen Perusahaan selalu mengadakan Program                     of the Company always conducts an Introduction Program
   Pengenalan (Program Orientasi) anggota Komisaris baru guna              (Orientation Program) for new Commissioners to make the
   memberikan pemahaman kepada anggota baru terkait kondisi                new members understand the company's current situation
   terkini Perseroan sehingga Dewan Komisaris mendapatkan                  and receive a comprehensive understanding of the Company’s
   pemahaman yang komprehensif atas Perseroan, baik secara                 organization and operation. The responsibility to hold the
   organisasi maupun operasional. Penanggung jawab Program                 Introduction Program for new Commissioners is the Corporate
   Pengenalan bagi Komisaris baru berada pada fungsi Sekretaris            Secretary.
   Perusahaan.

   Penyelenggaraan program pengenalan tersebut memuat materi               The program covers the following material:
   sebagai berikut:
   1. Pelaksanaan prinsip-prinsip Good Corporate Governance;               1. Implementation of the principles of Good Corporate
                                                                              Governance;
   2. Gambaran mengenai Perseroan berkaitan dengan tujuan,                 2. Description of the Company relating to the objectives,
      sifat, dan lingkup kegiatan, kinerja keuangan dan operasi,              nature and scope of activities, financial and operating
      strategi, rencana usaha jangka pendek dan jangka panjang,               performance, strategies, short-term and long-term business
      posisi kompetitif, risiko dan masalah-masalah strategis                 plans, competitive positions, risks, and other strategic
      lainnya;                                                                issues;

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    3. Keterangan berkaitan dengan kewenangan yang                  3. Information relating to delegated authority, internal
       didelegasikan, audit internal dan eksternal, sistem dan         and external audit, internal control systems and policies,
       kebijakan pengendalian internal, termasuk Komite Audit;         including the Audit Committee;
    4. Keterangan mengenai tugas dan tanggung jawab Dewan           4. Information regarding the duties and responsibilities of
       Komisaris/Dewan Pengawas dan Direksi serta hal-hal yang         the Board of Commissioners/Board of Trustees and the
       tidak diperbolehkan;                                            Board of Directors as well as matters that are not permitted;
    5. Peraturan perundang-undangan yang terkait dengan             5. Legislation relating to the Company’s business activities.
       kegiatan usaha Perseroan.

    Perseroan menggelar program pengenalan bagi Dewan               The Company held an induction program for the newly
    Komisaris baru yang dilakukan pada tanggal 26 Juli 2024 di      appointed Board of Commissioners on July 26, 2024, at PT
    PT Garuda Maintenance Facility Aero Asia Tbk. Program ini       Garuda Maintenance Facility Aero Asia Tbk. The program was
    dihadiri oleh Bapak Ali Gunawan selaku Komisaris Independen     attended by Mr. Ali Gunawan as the Company’s Independent
    Perseroan dengan periode jabatan pertama dan Bapak Agit         Commissioner in his first term of office, and Mr. Agit Atriantio
    Atriantio selaku Komisaris Independen Perseroan dengan          as the Company’s Independent Commissioner, also in his first
    periode jabatan Pertama.                                        term of office.

    PELATIHAN DAN PENINGKATAN                                       BOARD OF COMMISSIONERS’
    KOMPETENSI DEWAN                                                TRAINING AND COMPETENCY
    KOMISARIS [ESG G-05]                                            ENHANCEMENT [ESG G-05]

    Perusahaan memiliki kebijakan pengembangan kompetensi           The Company has the policy to develop the competency of the
    bagi Dewan Komisaris dengan mengikutsertakan seluruh            Board of Commissioners by including all members in training
    anggota dalam program pelatihan, workshop, dan studi banding    programs, workshops, and benchmarking studies. This training
    (benchmarking). Program pelatihan ini merupakan komitmen        program becomes the Company's commitment to cope with
    Perseroan dalam memenuhi kebutuhan GMF yang semakin             the increasingly dynamic needs of GMF. Information regarding
    dinamis. Informasi mengenai daftar kegiatan pelatihan dan       the list of training activities and competency improvement that
    peningkatan kompetensi yang diikuti Dewan Komisaris di          the Board of Commissioners has followed throughout 2023 is
    sepanjang tahun 2024 dapat dilihat pada Laporan Keberlanjutan   available in Sustainability Report of this Integrated Report.
    dalam Laporan Terintegrasi ini.

    PELAKSANAAN TUGAS DEWAN                                         IMPLEMENTATION OF THE BOARD OF
    KOMISARIS TAHUN 2024                                            COMMISSIONERS’ DUTIES IN 2024

    Pelaksanaan tugas dan tanggung jawab pengawasan Dewan           The implementation of the Board of Commissioners' supervisory
    Komisaris telah mengacu kepada rencana kerja yang disusun       duties and responsibilities has referred to the work plan prepared
    pada awal tahun demi menjamin integritas dan keselarasan        at the beginning of the year in order to ensure the integrity and
    realisasi pelaksanaan tugas dengan rencana kerja. Realisasi     alignment of the realisation of duties with the work plan. The
    tugas pengawasan yang dilaksanakan Dewan Komisaris              realisation of supervisory duties carried out by the Board of
    sepanjang tahun 2024 antara lain sebagai berikut:               Commissioners throughout 2024 included the following:
    1. Memberikan saran dan masukan mengenai Kinerja Tahun          1. Provided suggestions and input regarding 2023
        2023;                                                           performance;
    2. Memberikan saran dan masukan terkait rencana                 2. Provided suggestions and input related to partnership plans;
        partnership;
    3. Memberikan saran dan masukan People Development              3. Provided suggestions and input on the 2024 People
        2024;                                                          Development plan;
    4. Memberikan saran dan masukan Kinerja Bulanan 2024;           4. Provided suggestions and input on 2024 monthly
                                                                       performance;
    5. Memberikan saran dan masukan Rencana Penambahan              5. Provided suggestions and input on GMF’s Capital Increase
       Modal GMF melalui penyertaan aset GA (Hangar);                  Plan through asset injection from GA (Hangar);
    6. Memberikan saran dan masukan terkait strategic initiatives   6. Provided suggestions and input related to 2024 strategic
       2024;                                                           initiatives;
    7. Memberikan saran dan masukan GMF Quality Update 2024;        7. Provided suggestions and input on the 2024 GMF Quality
                                                                       Update;
    8. Memberikan saran dan masukan atas Internal Audit;            8. Provided suggestions and input on Internal Audit;
    9. Memberikan saran dan masukan Kebijakan dan Pelaksanaan       9. Provided suggestions and input on Risk Management Policy
       Manajemen Risiko;                                               and Implementation;




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   10. Memberikan masukan dan persetujuan atas perubahan              10. Provided input and approval on changes to the parent
       organisasi induk;                                                  organization structure;
   11. Memberikan saran dan masukan atas program IT 2024;             11. Provided suggestions and input on the 2024 IT program;
   12. Memberikan rekomendasi mengenai tantiem/insentif               12. Provided recommendations on performance-based tantiem/
       kinerja dan Remunerasi Direksi dan Dewan Komisaris;                incentives and remuneration for the Board of Directors and
                                                                          Board of Commissioners;
   13. Memberikan saran atas pelaksanaan assessment good              13. Provided suggestions on the implementation of the good
       corporate governance;                                              corporate governance assessment;
   14. Memberikan saran atas Rancangan Rencana Kerja dan              14. Provided suggestions on the Draft Work Plan and Corporate
       Anggaran Perusahaan Tahun 2024;                                    Budget for 2024;
   15. Memberikan saran dan masukan dalam pelaporan                   15. Provided suggestions and input for the Quarterly
       Manajemen Triwulanan;                                              Management Reporting;
   16. Memberikan saran dan masukan pelaksanaan Right Issue           16. Provided suggestions and input on the implementation
       GMF atas inbreng aset Hangar Garuda;                               of GMF’s Rights Issue through asset injection of Garuda’s
                                                                          Hangar;
   17. Memberikan evaluasi atas kinerja KAP dalam pelaksanaan         17. Provided evaluation of the performance of the Public
       Audit Laporan Keuangan 2023;                                       Accounting Firm in auditing the 2023 Financial Statements;
   18. Memberikan reviu atas pencapaian Kinerja Direksi tahun         18. Provided a review of the Board of Directors’ performance
       2023;                                                              achievement in 2023;
   19. Memberikan saran dan tanggapan atas rencana Pelepasan          19. Provided suggestions and feedback on the plan for disposal
       Aset Tetap;                                                        of fixed assets;
   20. Memberikan arahan atas Proses Pelaksanaan                      20. Provided direction on the Implementation Process for the
       Pemeringkatan untuk Penilaian Tingkat Kesehatan Tahun              2023 Financial Health Rating Assessment;
       2023;                                                          21. Provided approval regarding the Public Accounting Firm
   21. Memberikan persetujuan terkait Kantor Akuntan Publik               to audit the Company’s Financial Statements for the 2024
       untuk mengaudit Laporan Keuangan Perusahaan Tahun                  fiscal year.
       Buku 2024.

   Fokus Pengawasan Dewan Komisaris Tahun 2024                        The Board of Commissioners’ Focus on Oversight In 2024
   Adapun fokus pengawasan Dewan Komisaris pada tahun                 The focus of the Board of Commissioners’ oversight in the
   buku 2024 diarahkan pada penguatan tata kelola perusahaan          2024 fiscal year is directed toward strengthening corporate
   (GCG), optimalisasi kinerja keuangan dan operasional, serta        governance (GCG), optimizing financial and operational
   pengelolaan risiko strategis untuk meningkatkan daya saing         performance, and managing strategic risks to enhance GMF’s
   GMF. Dalam aspek kinerja dan keuangan, Dewan Komisaris             competitiveness. In terms of performance and finance, the
   memantau pencapaian target operasional, mengevaluasi               Board of Commissioners monitored the achievement of
   efektivitas strategi efisiensi biaya dan peningkatan pendapatan,   operational targets, evaluated the effectiveness of cost-
   serta mengawasi restrukturisasi utang dan permodalan,              efficiency strategies and revenue enhancement initiatives, as
   termasuk pelaksanaan Right Issue GMF atas inbreng aset             well as oversaw debt restructuring and capital management,
   Hangar Garuda.                                                     including the implementation of GMF’s Rights Issue through
                                                                      the injection of Garuda’s Hangar asset.

   Selain itu, pengawasan difokuskan pada manajemen risiko            In addition, the oversight was focused on risk management
   dan kepatuhan, terutama dalam penguatan kebijakan risiko,          and compliance, particularly on strengthening risk policies,
   pemantauan hasil audit internal dan eksternal, serta evaluasi      monitoring internal and external audit results, and evaluating the
   tingkat kesehatan perusahaan dan proses pemeringkatan. Dewan       corporate soundness rating and assessment process. The Board
   Komisaris juga memastikan bahwa transformasi dan inisiatif         of Commissioners also ensured that strategic transformation
   strategis berjalan sesuai rencana, termasuk pengembangan sumber    and initiatives proceed as planned, including human resource
   daya manusia, pemantauan partnership, serta implementasi           development, partnership monitoring, and the implementation
   strategic initiatives 2024 untuk mendukung pertumbuhan bisnis.     of 2024 strategic initiatives to support business growth.

   Dari sisi tata kelola dan digitalisasi, pengawasan mencakup        From the perspective of governance and digitalization, oversight
   pelaksanaan assessment GCG dan implementasi                        covered the implementation of the GCG assessment and its
   rekomendasinya, penguatan kebijakan IT, serta evaluasi             recommendations, strengthening IT policies, and evaluating
   kebijakan remunerasi Direksi dan Dewan Komisaris. Dengan           the remuneration policies for the Board of Directors and
   pendekatan ini, Dewan Komisaris memastikan setiap keputusan        Board of Commissioners. Through this approach, the Board
   strategis selaras dengan kepentingan pemegang saham dan            of Commissioners ensures that every strategic decision aligns
   keberlanjutan bisnis GMF, sehingga perusahaan tetap kompetitif     with shareholder interests and GMF’s business sustainability,
   dan mampu menghadapi tantangan industri.                           enabling the company to remain competitive and resilient in


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    PENILAIAN KINERJA KOMITE                                                 ASSESSMENT OF THE COMMITTEES
    DAN ORGAN PENDUKUNG DI                                                   AND SUPPORTING BODIES UNDER
    BAWAH DEWAN KOMISARIS                                                    THE BOARD OF COMMISSIONERS

    Dewan Komisaris menjalankan tugas pengawasannya dengan                   The Board of Commissioners performs the supervision with the
    dibantu oleh 4 (empat) organ pendukung yaitu Sekretaris                  assistance of 4 (four) supporting bodies, the Secretary of the
    Dewan Komisaris, Komite Audit dan Kebijakan Corporate                    Board of Commissioners, the Audit and Corporate Governance
    Governance (KAKCG), Komite Nominasi dan Remunerasi                       Committee (KAKCG), the Nomination and Remuneration
    (KNR), dan Komite Pengembangan usaha dan Pemantau Risiko                 Committee (KNR), and the Business Development and Risk
    (KPUPR). Penilaian kinerja masing-masing organ dilakukan                 Monitoring Committee (KPUPR). The assessment of each
    dengan mengacu kepada Pedoman Tata Kelola Perusahaan                     organ is carried out by referring to the Company's Corporate
    Perseroan tanggal 31 Desember 2024 yang dilaksanakan                     Governance Guidelines dated 29 December 2022, using
    dengan menggunakan kriteria dan metodologi yang relevan.                 relevant criteria and methodology. Until the end of 2024, there
    Hingga akhir 2024, belum ada peraturan baru yang mengatur                have been no new regulations governing the latest criteria
    mengenai kriteria dan metode terbaru. Adapun untuk Penilaian             and methods. Meanwhile, the assessment of the Secretary to
    kinerja Sekretaris Dewan Komisaris memiliki parameter yang               the Board of Commissioners has different parameters from
    berbeda dengan penilaian kinerja komite-komite. Berikut                  the committees. Below are the parameters and results of the
    disampaikan parameter dan hasil penilaian kinerja dari masing-           assessment of each supporting organ.
    masing organ pendukung.


                                                Penilaian Kinerja Sekretaris Dewan Komisaris
                                              Assessment of the Secretary to the Board of Commissioners

                                    Parameter                                           Bobot             Pencapaian                 Skor
                                    Parameter                                           Weight            Achievement                Score
     Parameter Pertama/First Paramater Sekretaris Dewan Komisaris memiliki               20%                 100%                    100%
     uraian tugas yang jelas.
     The Secretary to the Board of Commissioners has a clear job description.
     Parameter Kedua/Second Paramater Sekretaris Dewan Komisaris melakukan               30%                 100%                    100%
     administrasi dan penyimpanan dokumen.
     The Secretary to the Board of Commissioners deals with the administration
     and retention of documents.
     Parameter Ketiga/Third Paramater Sekretaris Dewan Komisaris                         30%                 100%                    100%
     menyelenggarakan rapat Dewan Komisaris dan rapat/pertemuan antara
     Dewan Komisaris dengan Pemegang Saham, Direksi maupun pihak-pihak
     terkait lainnya.
     The Secretary to the Board of Commissioners holds a Board of Commissioners
     meeting and a meeting between the Board of Commissioners and the
     Shareholders, Directors, and other related parties.
     Parameter Keempat/Fourth Paramater Sekretaris Dewan Komisaris                       20%                 100%                    100%
     menyediakan data/informasi yang diperlukan oleh Dewan Komisaris dan
     komite-komite di lingkungan Dewan Komisaris.
     The Secretary to the Board of Commissioners provides data/information
     needed by the Board of Commissioners and committees within the Board
     of Commissioners.

     Total Persentase Pencapaian                                                  Total Skor/Total Bobot *100%
                                                                                                                                     100%
     Total Percentage of Achievement                                              Total Score/Total Weight *100%


    Penilaian Kinerja Komite Dewan Komisaris                                 Board of Commissioners Committee Performance
                                                                             Assessment
    Terdapat 3 (tiga) Komite yang dibentuk oleh Dewan Komisaris              There are 3 (three) Committees formed by the Board of
    sesuai dengan peraturan perundang-undangan yang berlaku                  Commissioners in accordance with applicable laws and
    dan juga sesuai dengan kebutuhan Perseroan. Berikut adalah               regulations and the Company's needs. The following are the
    parameter dan penilaian kinerja Komite Dewan Komisaris                   parameters and assessments of the Board of Commissioners'
    secara umum atas pelaksanaan tugas yang dilaksanakan                     Committees regarding the implementation of their duties
    sepanjang tahun 2024:                                                    throughout 2024:




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                                           Komite Audit dan Kebijakanfacing industry
                                                                      Corporate      challenges.
                                                                                Governance
                                                  Committee of Audit and Corporate Governance
                                                Rencana Kerja KAKCG 2024                                                  Pencapaian
    No.                                           KAKCG 2024 Work Plan                                                    Achievement
     A    KAKCG
     1    Membuat Program Kerja Tahunan KAKCG.                                                                                100%
          Create a KAKCG Annual Work Program.
     2    Menyusun Piagam KAKCG serta memutakhirkannya dari waktu ke waktu sesuai dengan perkembangan                         100%
          bisnis dan kebutuhan Perseroan.
          Prepare the KAKCG Charter and update it periodically in accordance with business developments and the
          Company's needs.
     3    Membuat laporan berkala Triwulanan/setiap 3 bulan sekali dan Tahunan kepada Dewan Komisaris, yang                   100%
          minimal memuat perbandingan realisasi kegiatan dengan program kerja tahunan serta substansi hasil kegiatan
          dan rekomendasinya yang diungkapkan dalam Laporan Tahunan Perseroan.
          Prepare periodic reports quarterly (every 3 months) and annually to the Board of Commissioners, which
          at least contain a comparison of the realization of activities with the annual work program as well as the
          substance of the results of activities and recommendations disclosed in the Company's Annual Report.
     4    Membuat laporan khusus kepada Dewan Komisaris yang berisi laporan setiap temuan yang diperkirakan                   100%
          dapat mengganggu efektivitas Perseroan.
          Prepare a special report to the Board of Commissioners containing a report on any findings that are expected
          to disrupt the effectiveness of the Company.
     B    Audit
     1    Melakukan penelaahan atas informasi keuangan yang akan dikeluarkan Perseroan kepada publik dan/                     100%
          atau pihak otoritas antara lain laporan keuangan, proyeksi, dan laporan lainnya terkait dengan informasi
          keuangan Perseroan.
          Review financial information to be released by the Company to the public and/or authorities, including
          financial reports, projections, and other reports related to the Company's financial information.
     2    Melakukan penelaahan atas ketaatan terhadap peraturan perundang-undangan yang berhubungan dengan                    100%
          kegiatan Perseroan, Anggaran Dasar, dan perjanjian dengan pihak ketiga.
          Review compliance with laws and regulations relating to the Company's activities, Articles of Association,
          and agreements with third parties.
     3    Memberikan pendapat independen dalam hal terjadi perbedaan pendapat antara Manajemen dan Akuntan                    100%
          atas jasa yang diberikannya.
          Provide independent opinions in the event of differences of opinion between Management and Accountants
          regarding the services provided.
     4    Memberikan rekomendasi kepada Dewan Komisaris mengenai penunjukkan Akuntan yang didasarkan pada                     100%
          independensi, ruang lingkup penugasan, dan imbalan jasa.
          Provide recommendations to the Board of Commissioners regarding the appointment of an Accountant
          based on independence, scope of assignment, and compensation for services.
     5    Melakukan pemeriksaan oleh auditor internal dan auditor eksternal serta mengawasi pelaksanaan tindak                100%
          lanjut oleh penelaahan atas pelaksanaan Direksi atas temuan auditor internal dan auditor eksternal.
          Conduct inspections by internal auditors and external auditors and supervise the implementation of follow-
          up actions by reviewing the Board of Directors' implementation of the findings of internal auditors and
          external auditors.
     6    Melakukan penelaahan atas efektivitas sistem pengendalian intern dan efektivitas pelaksanaan tugas auditor          100%
          internal dan auditor eksternal.
          Review the effectiveness of the internal control system and the effectiveness of carrying out the duties of
          internal auditors and external auditors.
     7    Menelaah pengaduan yang berkaitan dengan proses akuntansi dan pelaporan keuangan Perseroan.                          N/A
          Review complaints related to the Company's accounting and financial reporting processes.
     8    Menelaah dan memberikan saran kepada Dewan Komisaris terkait dengan adanya potensi benturan                          N/A
          kepentingan Emiten atau Perusahaan Publik.
          Review and provide advice to the Board of Commissioners regarding potential conflicts of interest of Issuers
          or Public Companies.
     C    Tata Kelola Perusahaan yang Baik (GCG)
          Good Corporate Governance (GCG)
     1    Meninjau dan melakukan telaah atas penerapan prinsip‐prinsip dan persyaratan‐persyaratan tata kelola                100%
          yang berlaku di Perseroan serta memastikan bahwa prinsip‐prinsip dan persyaratan‐persyaratan tersebut
          masih relevan serta telah dilaksanakan sepenuhnya di Perseroan.
          Review and evaluate the implementation of governance principles and requirements within the Company
          to ensure that these principles and requirements remain relevant and are fully implemented.




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                                                                                                                             Tata Kelola Perusahaan
                                                                                                                              Corporate Governance




                                               Komite Audit dan Kebijakan Corporate Governance
                                                      Committee of Audit and Corporate Governance
                                                    Rencana Kerja KAKCG 2024                                                       Pencapaian
      No.                                             KAKCG 2024 Work Plan                                                         Achievement
       2     Memantau dan melakukan telaah atas penerapan prinsip-prinsip tata kelola perusahaan yang baik dalam                        100%
             pengelolaan dan pengurusan Perseroan, memastikan dilakukannya penilaian/assessment dan evaluasi/
             self-assessment atas implementasi tata kelola perusahaan yang baik dan memastikan tindak lanjut atas
             rekomendasi perbaikan hasil assessment atau self-assessment tahun sebelumnya.
             Monitor and review the implementation of good corporate governance principles in the management and
             administration of the Company, ensuring that assessments and evaluations, including self-assessments, are
             conducted on the implementation of good corporate governance and that follow-up actions are taken based
             on the recommendations from the previous year's assessments or self-assessments.
       D     Lainnya
             Others
       1     Melaksanakan tugas lain yang diberikan oleh Dewan Komisaris sepanjang masih dalam lingkup tugas dan                        100%
             kewajiban Dewan Komisaris berdasarkan Anggaran Dasar dan Keputusan Rapat Umum Pemegang Saham
             (RUPS) serta ketentuan perundang-undangan yang berlaku.
             Perform other tasks assigned by the Board of Commissioners, provided they fall within the scope of the duties
             and obligations of the Board of Commissioners as outlined in the Articles of Association and Resolutions of
             the General Meeting of Shareholders (GMS), as well as applicable statutory provisions.
       2     Melakukan self-assesment terhadap kinerja masing-masing anggota KAKCG.                                                     100%
             Conduct a self-assessment of the performance of each KAKCG member.


                                                         Komite Nominasi dan Remunerasi
                                                       Committee of Nomination and Remuneration
                                                         Program Kerja Triwulan                                                       Pencapaian
       No
                                                         Quarterly Work Program                                                       Achievement
        1      Melakukan penelaahan dan pemantauan untuk memastikan bahwa Perseroan telah memiliki strategi dan                            100%
               kebijakan nominasi, meliputi proses analisis organisasi, prosedur, dan kriteria rekrutmen, seleksi, dan promosi.
               Carry out reviews and monitoring to ensure that the Company has a nomination strategy and policy, including
               organizational analysis processes, procedures, and criteria for recruitment, selection, and promotion.
        2      Rekomendasi nama calon Direksi Perseroan kepada Dewan Komisaris yang kemudian diusulkan kepada RUPS.                            N/A
               Recommend candidates for the Company's Directors to the Board of Commissioners, who then propose the
               names to the General Meeting of Shareholders (GMS).
        3      Memastikan bahwa Perseroan telah memiliki sistem remunerasi yang transparan berupa gaji atau honorarium,                    100%
               tunjangan, dan fasilitas yang bersifat tetap dan insentif yang bersifat variabel.
               Ensure that the Company has a transparent remuneration system, including fixed salaries or honorariums,
               allowances, facilities, and variable incentives.
        4      Melakukan penelaahan atas permohonan Direksi terkait Nominasi sesuai Anggaran Dasar Perseroan.                              100%
               Review the Board of Directors' requests regarding nominations in accordance with the Company's Articles
               of Association.
        5      Menyusun rencana kerja KNR.                                                                                                 100%
               Prepare a KNR work plan.
        6      Membuat laporan berkala Triwulanan/setiap 3 bulan sekali kepada Dewan Komisaris.                                            100%
               Prepare periodic reports quarterly (every 3 months) to the Board of Commissioners.
        7      Melaksanakan rapat periodik sekurang-kurangnya 1 kali dalam 4 bulan.                                                        100%
               Hold periodic meetings at least once every 4 months.
        8      Melakukan self-assesment terhadap kinerja anggota KNR.                                                                      100%
               Conduct self-assessments of the performance of KNR members.




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                                         Komite Pengembangan Usaha dan Pemantauan Risiko
                                                   Committee of Nomination and Remuneration
                                                          Program Kerja                                                          Pencapaian
     No
                                                          Work Program                                                           Achievement
      1    Melakukan kajian dan evaluasi atas pengembangan usaha MRO.                                                                100%
           Conduct studies and evaluations of MRO business development.
      2    Melakukan kajian dan evaluasi atas kecukupan kebijakan, konsistensi praktik pengelolaan risiko, dan efektivitas           100%
           tindakan mitigasi.
           Conduct studies and evaluations on the adequacy of policies, consistency of risk management practices, and
           effectiveness of mitigation actions.
      3    Memberikan rekomendasi perbaikan atas praktik pengelolaan dan penanganan risiko Perseroan.                                100%
           Provide recommendations for improvements to the Company's risk management and mitigation practices.
      4    Melaksanakan tugas lain yang diberikan oleh Dewan Komisaris sepanjang masih dalam ruang lingkup tugas dan                 100%
           kewajiban Dewan Komisaris berdasarkan ketentuan yang berlaku.
           Carry out other tasks assigned by the Board of Commissioners within the scope of its duties and obligations
           based on applicable regulations.
      5    Menyusun rencana kerja KPUPR tahun 2024.                                                                                  100%
           Prepare a KPUPR work plan for 2024.
      6    Membuat laporan berkala Triwulanan/setiap 3 bulan sekali kepada Dewan Komisaris.                                          100%
           Prepare periodic reports quarterly (every 3 months) to the Board of Commissioners.
      7    Melaksanakan rapat periodik sekurang-kurangnya 1 kali dalam 3 bulan.                                                      100%
           Hold periodic meetings at least once every 3 months.
      8    Melakukan self-assesment terhadap kinerja anggota KPUPR.                                                                  100%
           Conduct a self-assessment of the performance of KPUPR members.




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                                                                                                            Tata Kelola Perusahaan
                                                                                                             Corporate Governance




                                                                                                                 Direksi
                                                                                            Board of Directors


    Direksi merupakan organ Perseroan yang bertugas, secara         The Board of Directors is a Company’s body that has a collegial
    kolegial, menjalankan fungsi pengurusan dan pengelolaan         duty to manage the Company. The Board of Directors works
    Perseroan. Direksi bekerja sesuai dengan target usaha yang      according to business targets in the current year’s RKAP and
    terdapat dalam RKAP tahun berjalan dan menyampaikan             submits the business performance to the GMS through Financial
    hasil pencapaian kinerja usaha kepada RUPS melalui Laporan      Statements and Integrated Reports.
    Keuangan dan Laporan Terintegrasi.

    KRITERIA DAN PERSYARATAN                                        CRITERIA AND REQUIREMENTS
    ANGGOTA DIREKSI [GRI 2-10]                                      FOR MEMBERS OF THE BOARD
                                                                    OF DIRECTORS [GRI 2-10]

    Perseroan memiliki kriteria persyaratan calon anggota Direksi   The Company has criteria for candidates of the Board of
    yang terdapat dalam Board Manual. Kriteria dan persyaratan      Directors contained in the Board Manual. Criteria and
    calon Anggota Direksi Perseroan sebagaimana yang tercantum      requirements for prospective Members of the Company’s
    di bawah ini:                                                   Board of Directors, as listed below:
    1. Mempunyai akhlak, moral, dan integritas yang baik;           1. Having good character, morals and integrity;
    2. Cakap melakukan perbuatan hukum;                             2. Capable of performing legal actions;
    3. Dalam 5 (lima) tahun sebelum pengangkatan dan selama         3. Within 5 (five) years before his appointment and during
        menjabat:                                                      his tenure:
        a. Tidak pernah dinyatakan pailit;                             a. Never been declared bankrupt;
        b. Tidak pernah menjadi anggota Direksi dan/atau               b. Never been a member of the Board of Directors and/or
           anggota Dewan Komisaris yang dinyatakan bersalah                 member of the Board of Commissioners who was found
           menyebabkan suatu perusahaan dinyatakan pailit;                  guilty of causing a company to be declared bankrupt;
        c. Tidak pernah dihukum karena melakukan tindak                c. Never been punished for committing a crime that is
           pidana  yangmerugikan
           pidana yang  merugikan     keuangan
                                   keuangan     negara
                                             negara     dan/atau
                                                    dan/atau yang           crucial to state finances and/or related to the financial
           yang berkaitan
           berkaitan dengandengan
                              sektorsektor
                                      keuangan;
                                           keuangan;
                                                dan dan                     sector; and
        d. Tidak pernah menjadi anggota Direksi dan/atau anggota       d. Has never been a member of the Board of Directors
           Dewan Komisaris yang selama menjabat:                            and/or a member of the Board of Commissioners who’s
                                                                            during his tenure:
             i) Pernah tidak menyelenggarakan RUPS Tahunan;                 i) Never held an Annual GMS;
             ii) Pertanggungjawabannya sebagai anggota Direksi              ii) His responsibilities as members of the Board
                 dan/atau anggota Dewan Komisaris pernah tidak                   of Directors and/or members of the Board of
                 diterima oleh RUPS atau pernah tidak memberikan                 Commissioners has never been accepted by the
                 pertanggungjawaban sebagai anggota Direksi dan/                 GMS or failed to provide accountability as members
                 atau anggota Dewan Komisaris kepada RUPS;                       of the Board of Directors and/or members of the
                                                                                 Board of Commissioners to the GMS;
           iii) Pernah menyebabkan perusahaan yang                          iii) Has caused a company that has obtained a license,
                memperoleh izin, persetujuan, atau pendaftaran                   approval or registration from the OJK not fulfilled
                dari OJK tidak memenuhi kewajiban menyampaikan                   its obligation to submit annual reports and/or
                laporan tahunan dan/atau laporan keuangan kepada                 financial reports to OJK;
                OJK;
    4. Memiliki komitmen untuk mematuhi peraturan perundang-        4. Have a commitment to comply with laws and regulations;
       undangan; dan                                                   And
    5. Memiliki pengetahuan dan/atau keahlian di bidang yang        5. Have knowledge and/or expertise in the fields required
       dibutuhkan Perseroan.                                           by the Company.




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   SUKSESI DIREKSI [GRI 2-10] [ESG G-06]                                                 SUCCESSION POLICY FOR THE BOARD
                                                                                         OF DIRECTORS [GRI 2-10] [ESG G-06]

   Perseroan memiliki kebijakan suksesi Direksi untuk memastikan                         The Company has a succession policy for the Board of Directors
   adanya kaderisasi kepemimpinan yang berorientasi pada kinerja                         to have a performance-oriented cadre with leadership quality
   untuk mengembangkan usaha GMF. Direksi yang ditunjuk harus                            to grow the business. The appointed Board of Directors must
   lulus Penilaian Kelayakan dan Kepatutan (Fit & Proper Test)                           pass the Fit & Proper Test as stipulated in the prevailing laws and
   sesuai dengan peraturan perundang-undangan yang berlaku.                              regulations. The appointment of candidates of the Company’s
   Pengangkatan calon Direksi Perseroan berpegangan kepada                               Board of Directors refers to the Regulation of the Minister of
   Peraturan Menteri Negara Badan Usaha Milik Negara No. PER-                            State-Owned Enterprises No. PER-3/MBU/03/2013 concerning
   3/MBU/03/2013 tentang Organ dan Sumber Daya Manusia                                   the Organization and Human Resources of State-Owned
   Badan Usaha Milik Negara dan Anggaran Dasar Perseroan.                                Enterprises, as well as the Company’s Articles of Association.



                 Pembentukan
                  Tim Evaluasi                    Proses Penjaringan                        Proses penilaian                      Proses penetapan
                Evaluation Team                    Searching Process                       Assessment process                   Determination process
                   Formation

           •   Tim evaluasi menunjuk •            Tim evaluasi menerima              •     Tim evaluasi melakukan           •    Direksi PT Garuda Indonesia
               tenaga ahli atau lembaga           usulan     dan       mencari             penilaian terhadap CV dan             Tbk, melakukan evaluasi
               professional          untuk        informasi bakal calon direksi            wawancara bakal calon                 akhir atas hasil penilaian
               melakukan penilaian, jika          dari berbagai sumber                     Direksi     yang    namanya           untuk menetapkan 1 (satu)
               diperlukan                  •      Tim evaluasi melakukan                   tercantum dalam daftar                calon Direksi terpilih untuk
           •   Tim evaluasi melakukan             seleksi         berdasarkan              bakal calon (long list) yang          jabatan anggota Direksi
               penjaringan dan penilaian          kriteria dan persyaratan                 telah disetujui oleh Direksi     •    Direksi     PT       Garuda
               terhadap calon direksi             administrasi            yang             PT Garuda Indonesia Tbk,              Indonesia Tbk, mengajukan
           •   Tim evaluasi menyiapkan            ditetapkan (CV, Dokumen                  sebagai calon direksi                 calon     direksi      untuk
               hasil evaluasi akhir yang          lain dan informasi yang            •     Tim evaluasi menyampaikan             ditetapkan dalam RUPS
               telah    ditetapkan    oleh        diterima) untuk menyusun                 daftar calon (short list) yang        anak perusahaan menjadi
               Direksi PT Garuda Indonesia        daftar bakal calon (long list)           terdiri dari 3 (tiga) orang           anggota direksi GMF
               Tbk, guna disampaikan              sebanyak minimal 5 (lima)                untuk masing-masing jabatan      •    Keputusan         pemegang
               oleh Direksi PT Garuda             orang calon untuk masing-                anggota     direksi    dengan         saham baik di dalam RUPS
               Indonesia Tbk, Kepada              masing jabatan anggota                   ranking nilai terbaik kepada          maupun di luar RUPS
               Dewan Komisaris dan atau           Direksi                                  direksi PT Garuda Indonesia           menetapkan calon Direksi
               Menteri Negara BUMN, Jika •        Tim Evaluasi menyerahkan                 Tbk, untuk menetapkan calon           terpilih sebagai anggota
               diperlukan                         daftar bakal calon (long list)           Direksi terpilih                      direksi GMF
           •   Evaluation team designates         kepada Direksi PT Garuda           •     The evaluation team reviews      •    The board of directors of PT
               experts or professional            Indonesia     Tbk.     untuk             the CV and conduct interview          Garuda Indonesia Tbk, shall
               institution for assessment, if     memperoleh persetujuan                   on candidates under the Long          conduct a final evaluation
               necessary.                     •   Evaluation team accepts                  List of the Board of Directors        pf the assessment result to
           •   Evaluation team performs           the proposal and seeks the               which has been approved by            determine 1 (one) selected
               assessment and evaluation          information on candidates                the Board of Directors of PT          prospective for the position
               to candidate of directors          various sources                          Garuda Indonesia Tbk                  of the board of directors
           •   Evaluation team prepares •         Evaluation team selects            •     The Evaluation Team submits      •    The board of directors of PT
               the final evaluation result        based     on      established            a short list consisting 3             Garuda Indonesia Tbk, shall
               set forth by the Board of          criteria and administrative              (three) person for each               propose the prospective
               directors of PT Garuda             requirements (CV, other                  member position of the Board          directors to be stipulated
               Indonesia (Persero) Tbk to         documents, and information               Directors of Garuda Indonesia         in the GMS of subsidiary
               the board of Commissioners         received)     to     prepare             Tbk, to establish the elected         to become the member of
               and the state minister of          a minimum of 5 (five)                    Candidates of the Board               GMF’s board of directors
               Does, if necessary                 candidates (list/long list) for          Directors                        •    The    decision    of    the
                                                  each member of the board of                                                    shareholders either on the
                                                  directors                                                                      GMS or outside the elected
                                             •    The evaluation team submits                                                    directors as member of the
                                                  a candidate list (long list ) to                                               GMF’s board of directors
                                                  the board of directors of PT
                                                  Garuda Indonesia (Persero)
                                                  Tbk for Approval




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                                                                                                              Tata Kelola Perusahaan
                                                                                                               Corporate Governance




    Suksesi Direksi juga tidak terlepas dari adanya anggota Direksi   The succession is also applicable if a Director was dismissed or
    yang diberhentikan ataupun mengundurkan diri karena berbagai      resigned due to various reasons. However, the Company owns
    alasan. Akan tetapi, Perseroan sendiri telah memiliki mekanisme   a mechanism to dismiss the Directors if the person in question
    pemberhentian Direksi apabila yang bersangkutan terbukti:         proves the following:
    1. Terbukti tidak dapat memenuhi kewajibannya yang telah          1. Proven unable to fulfill obligations as agreed upon in the
        disepakati dalam Kontrak Manajemen;                               Management Contract;
    2. Adanya perubahan strategi bisnis pada BUMN;                    2. Changes in the business strategy of the SOE;
    3. Terbukti tidak dapat menjalankan tugasnya dengan baik;         3. Proven unable to carry out duties properly;
    4. Terbukti terlibat dalam tindakan yang merugikan Perseroan      4. Proven to be involved in actions that cause losses to the
        dan/atau keuangan Negara;                                         Company and/or the State’s finances;
    5. Terbukti melanggar ketentuan peraturan perundang-              5. Proven to have violated the provisions of laws and
        undangan dan/atau ketentuan yang dimuat dalam Anggaran            regulations and/or the provisions contained in the
        Dasar Perusahaan;                                                 Company’s Articles of Association;
    6. Telah ditetapkan sebagai tersangka atau terdakwa oleh          6. Officially named as a suspect or defendant by the competent
        pihak yang berwenang dalam tindakan yang merugikan                authority in actions that cause losses to the Company and/
        Perseroan dan/atau keuangan Negara;                               or the State’s finances;
    7. Terbukti melakukan tindakan yang melanggar etika dan/          7. Proven to have committed unethical and/or improper
        atau kepatutan;                                                   actions;
    8. Terbukti melakukan tindakan yang melanggar kode etik           8. Proven to have violated the Company’s code of conduct;
        Perseroan;
    9. Terbukti bersalah dengan keputusan pengadilan yang             9. Found guilty by a court decision with permanent legal
        mempunyai kekuatan hukum yang tetap; atau                         force; or
    10. Berhalangan tetap, termasuk sakit keras/sakit                 10. Permanently incapacitated, including severe or prolonged
        berkepanjangan.                                                   illness.
    11. Mekanisme pengangkatan calon Direksi ataupun                  11. The appointment of a candidate or dismissal of a Director
        pemberhentian Direksi dilakukan melalui RUPS dengan               is made through the GMS with the approval from the
        persetujuan pemegang saham.                                       shareholders.

    MASA JABATAN DIREKSI                                              TERM OF OFFICE FOR THE
                                                                      BOARD OF DIRECTORS

    Para anggota Direksi diangkat dan diberhentikan oleh RUPS.        The members of the Board of Directors are appointed and
    Pengangkatan anggota Direksi berlaku untuk jangka waktu           dismissed by the GMS. The members of the Board of Directors
    terhitung sejak tanggal pengangkatan oleh RUPS dan berakhir       start working from the date they were appointed by the GMS
    pada penutupan RUPS Tahunan ke-3 (tiga) pada akhir 1 (satu)       and ended by the time of the third Annual GMS ended during
    periode masa jabatan yang dimaksud dan dapat diangkat             their first term and can be reappointed for another term. The
    kembali untuk 1 (satu) kali masa jabatan. Masa jabatan Direksi    working period of the Board of Directors refers to the laws and
    berlaku sesuai dengan peraturan perundang-undangan di bidang      regulations in the Capital Market sector without reducing the
    Pasar Modal, namun demikian dengan tidak mengurangi hak           right of the GMS to dismiss, at any time, any member of the
    RUPS untuk memberhentikan anggota Direksi sewaktu-waktu           Board of Directors before his ends, with consideration to the
    sebelum masa jabatannya berakhir, dengan memperhatikan            provisions of the Articles of Association.
    ketentuan Anggaran Dasar Perseroan.



    KOMPOSISI DIREKSI TAHUN                                           THE COMPOSITION OF THE BOARD
    2024 [GRI 2-11]                                                   OF DIRECTORS IN 2024 [GRI 2-11]

    Komposisi Direksi ditetapkan sesuai dengan tingkat                The composition of the Board of Directors is determined in
    kompleksitas kegiatan bisnis Perseroan dan struktur organisasi    accordance with the level of complexity of the Company's
    untuk memastikan terjadinya pengambilan putusan yang efektif,     business activities and organisational structure to ensure
    tepat, dan cepat untuk tujuan usaha. Jumlah anggota Direksi       effective, appropriate and prompt decision-making for business
    setidaknya berjumlah 1 (one) orang, yang terdiri dari seorang     purposes. The number of members of the Board of Directors is
    Direktur Utama yang ditetapkan dalam Rapat Umum Pemegang          at least 1 (one) person, consisting of a President Director who
    Saham.                                                            is appointed in the General Meeting of Shareholders.




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                                                                                                       PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                Facility Aero Asia Tbk
Page 264
   Komposisi Direksi pada tahun 2024 telah ditetapkan                           The composition of the Board of Directors in 2024 has been
   berdasarkan keputusan RUPS Tahunan tanggal 28 Juni 2024.                     decided through the resolution of the Annual GMS dated June
   Berikut disampaikan susunan Direksi per 31 Desember 2024                     28, 2024. The following is the composition of the Board of
   dan pada saat Laporan Terintegrasi ini ditandatangani dan                    Directors as of December 31, 2024, and as of this Integrated
   diterbitkan. Profil seluruh anggota Direksi dapat dilihat pada               Report was signed and published. Profiles of all members of
   bab Profil Perusahaan pada Laporan Terintegrasi ini.                         the Board of Directors are available in the Company Profile
                                                                                chapter of this Integrated Report.


                                          Kronologi Perubahan Susunan Direksi Sepanjang Tahun 2024
                                     Chronology of Changes in the Composition of the Board of Directors throughout 2024

          Periode 1 Januari - 28 Juni 2024                    Periode 28 Juni - 31 Desember 2023                          Keterangan
           From 1 January - 28 June 2024                       From 28 June - 31 December 2023                            Desccription
    Andi Fahrurrozi                                      Andi Fahrurrozi                                     Masih menjabat (periode kedua)
    Direktur Utama                                       Direktur Utama                                      Still serving (second period)
    CEO                                                  CEO
    Irvan Pribadi                                        Irvan Pribadi                                       Masih menjabat (periode pertama)
    Direktur Base Operation                              Direktur Base Operation                             Still serving (first period)
    Director of Base Operations                          Director of Base Operations
    Mukhtaris                                            Mukhtaris                                           Masih menjabat (periode pertama)
    Direktur Line Operation                              Direktur Line Operation                             Still serving (first period)
    Director of Line Operation                           Director of Line Operation
    Salusra Satria                                       Salusra Satria                                      Masih menjabat (periode pertama)
    Direktur Keuangan                                    Direktur Keuangan                                   Still serving (first period)
    Director of Finance                                  Director of Finance
    Pudjo Sarwoko                                        Pudjo Sarwoko                                       Masih menjabat (periode kedua)
    Direktur Human Capital & Corporate Affairs           Direktur Human Capital & Corporate Affairs          Still serving (second period)
    Director of Human Capital & Corporate Affairs        Director of Human Capital & Corporate Affairs


                                                      Susunan Direksi per 31 Desember 2024
                                                  Board of Directors Composition as of December 31, 2024

                          Jabatan                     Dasar Pengangkatan                                                               Periode
       Nama                                                                                             Masa Jabatan
                          Position                    Basis of Appointment                                                             Jabatan
       Name                                                                                             Term of Office
                                                                                                                                      Office Term
    Andi          Direktur Utama          Keputusan RUPS Tahunan tanggal 28 Juni 2023. 28 Juni 2023 hingga penutupan RUPS            Kedua
    Fahrurrozi    CEO                     Resolution of the Annual GMS on 28 June 2023. Tahunan yang diselenggarakan tahun           Second
                                                                                        2026
                                                                                        June 28, 2023 until the closing of the
                                                                                        Annual GMS held in 2026
    Salusra       Direktur                Keputusan RUPS Tahunan tanggal 2 September        2 September 2022 hingga Penutupan        Pertama
    Satria        Keuangan                2022                                              RUPS Tahunan yang diselenggarakan        First
                  Director of             Resolution of the Annual GMS on September         tahun 2025.
                  Finance                 2, 2022.                                          September 2, 2022 until the Closing of
                                                                                            the Annual GMS in 2025.
    Irvan         Direktur Base           Keputusan RUPS Tahunan tanggal 28 Juni 2023. 28 Juni 2023 hingga penutupan RUPS            Pertama
    Pribadi       Operation               Resolution of the Annual GMS on 28 June 2023. Tahunan yang diselenggarakan tahun           First
                  Director of Base                                                      2026
                  Operation                                                             June 28, 2023 until the closing of the
                                                                                        Annual GMS held in 2026
    Pudjo         Direktur Human          Keputusan RUPS Tahunan tanggal 28 Juni 2023. 28 Juni 2023 hingga penutupan RUPS            Kedua
    Sarwoko       Capital &               Resolution of the Annual GMS on 28 June 2023. Tahunan yang diselenggarakan tahun           Second
                  Corporate Affairs                                                     2026
                  Director of                                                           June 28, 2023 until the closing of the
                  Human Capital &                                                       Annual GMS held in 2026
                  Corporate Affairs
    Mukhtaris     Direktur Line           Keputusan RUPS Tahunan tanggal 2 September        2 September 2022 hingga Penutupan        Pertama
                  Operation               2022                                              RUPS Tahunan yang diselenggarakan        First
                  Director of Line        Resolution of the Annual GMS on September         tahun 2025.
                  Operation               2, 2022.                                          September 2, 2022 until the Closing of
                                                                                            the Annual GMS in 2025.




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                                                                                                             Tata Kelola Perusahaan
                                                                                                              Corporate Governance




    TUGAS DAN TANGGUNG JAWAB                                         DUTIES AND RESPONSIBILITIES OF THE
    DIREKSI [GRI 2-12, 2-13]                                         BOARD OF DIRECTORS [GRI 2-12, 2-13]

    Wewenang Direksi                                                 The Authorities of the Board of Directors
    Direksi berwenang untuk menetapkan kebijakan pengurusan          The Board of Directors is authorized to determine the policy
    Perseroan yang meliputi:                                         of the Company’s management as follows:
    1. Menetapkan kebijakan pengurusan Perseroan;                    1. Determine the Company's management policies;
    2. Mengatur penyerahan kekuasaan Direksi untuk mewakili          2. Arrange the transfer of powers of the Board of Directors
       Perseroan di dalam dan di luar Pengadilan kepada seorang          to represent the Company inside and outside the Court
       atau beberapa orang anggota Direksi yang khusus ditunjuk          to one or several members of the Board of Directors
       untuk itu kepada seorang atau beberapa orang pekerja              specially appointed for that to one or several employees
       Perseroan baik secara sendiri-sendiri maupun bersama-             of the Company either individually or jointly or to other
       sama atau kepada orang lain dan mengatur penyerahan               people and arrange the transfer of power of the Board of
       kekuasaan Direksi untuk mewakili Perseroan kepada Kepala          Directors to represent the Company to Heads of Branches
       Cabang atau Kepala Perwakilan di dalam atau di luar negeri;       or Heads of Representatives within or outside the country;
    3. Mengatur ketentuan-ketentuan tentang kepegawaian              3. Regulate the provisions regarding the Company's employment,
       Perseroan, termasuk penetapan gaji, pensiun atau jaminan          including the determination of salaries, pensions or old age
       hari tua dan penghasilan lain bagi pekerja Perseroan              benefits and other income for the Company's employees
       berdasarkan peraturan perundang-undangan yang berlaku             based on the prevailing laws and regulations and resolutions
       dan keputusan Rapat Umum Pemegang Saham;                          of the General Meeting of Shareholders;
    4. Mengangkat dan memberhentikan pekerja Perusahaan              4. Appoint and dismiss Company employees based on the
       berdasarkan peraturan kepegawaian Perseroan dan                   Company's employment regulations and prevailing laws
       peraturan perundang-undangan yang berlaku;                        and regulations;
    5. Mengangkat dan memberhentikan Sekretaris Perusahaan;          5. Appoint and dismiss the Corporate Secretary;
    6. Melakukan segala tindakan dan perbuatan lainnya mengenai      6. Perform all actions and other actions regarding the
       pengurusan maupun pemilikan kekayaan Perseroan,                   management and ownership of the Company's assets,
       mengikat Perseroan dengan pihak lain dan/atau pihak lain          bind the Company with other parties and/or other parties
       dengan Perseroan, serta mewakili Perseroan di dalam dan           with the Company, and represent the Company inside
       di luar Pengadilan tentang segala hal dan segala kejadian,        and outside the Court on all matters and all events, with
       dengan pembatasan sebagaimana diatur dalam peraturan              restrictions as stipulated in the regulations laws and
       perundang-undangan, Anggaran Dasar dan/atau Keputusan             regulations, Articles of Association and/or Resolutions of
       Rapat Umum Pemegang Saham;                                        the General Meeting of Shareholders;
    7. Membentuk komite dalam rangka mendukung efektivitas           7. orm a committee to support the effectiveness of duties and
       tugas dan tanggung jawab (jika diperlukan).                       responsibilities (if needed).

    Tanggung Jawab Direksi                                           The Responsibilities of the Board of Directors
    1. Setiap anggota Direksi bertanggung jawab penuh atas tugas     1. Each member of the Board of Directors is fully responsible
       pengurusan yang dilaksanakanya;                                  for the management tasks that are carried out;
    2. Setiap anggota Direksi bertanggung jawab penuh secara         2. Each member of the Board of Directors is fully responsible
       tanggung renteng atas kerugian Perseroan yang disebabkan         jointly and severally for the Company’s losses caused by
       oleh kesalahan atau kelalaian anggota Direksi dalam              mistakes or negligence members of the Board of Directors
       menjalankan tugasnya;                                            in carrying out their duties;
    3. Anggota Direksi tidak dapat dipertanggungjawabkan atas        3. Members of the Board of Directors cannot be held
       kerugian Perseroan sebagaimana dimaksud pada butir 1             responsible for the Company’s losses as referred to in item
       apabila dapat membuktikan:                                       1 if they can prove:
       a. Kerugian tersebut bukan karena kesalahan atau                 a. The loss is not due to an error or negligence;
           kelalaiannya;
       b. Telah melakukan pengurusan degan itikad baik dan              b. Having taken care of good faith and prudence for the
           kehati-hatian untuk kepentingan dan sesuai dengan                benefit and in accordance with the aims and objectives
           maksud dan tujuan Perseroan;                                     of the Company;
       c. Tidak memiliki benturan kepentingan baik langsung             c. Does not have a conflict of interest either directly or
           maupun tidak langsung atas tindaan pengurusan yang               indirectly over the management action resulting in
           mengakibatkan kerugian;                                          a loss;
       d. Telah mengambil tindakan untuk mencegah timbul atau           d. Have taken actions to prevent such losses arising or
           berlanjutnya kerugian tersebut.                                  continuing.
    4. Direksi dan Dewan Komisaris bertanggung jawab secara          4. Actions taken by members of the Board of Directors outside
       tanggung renteng atas kerugian Perseroan apabila                 those decided by the Board of Directors Meeting shall be
       Pemegang Saham tidak dapat mengembalikan dividen                 the personal responsibility of those concerned until such
       interim yang telah didistribusi.                                 actions are approved by the Board of Directors’ Meeting.

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Page 266
   RUANG LINGKUP PEMBAGIAN                                          SEGREGATION OF DUTIES AND
   TUGAS DAN TANGGUNG JAWAB                                         RESPONSIBILITIES AMONG
   DIREKSI [GRI 2-12, 2-13]                                         DIRECTORS [GRI 2-12, 2-13]

   Dalam mengoptimalkan fungsi pengelolaan Perseroan yang           In optimizing the management function of the Company by the
   dijalankan Direksi, setiap anggota Direksi memiliki pembagian    Board of Directors, each member of the Board of Directors has
   tugas dan tanggung jawab sesuai dengan bidang keahlian           his own duties and responsibilities according to his expertise to
   masing-masing untuk menciptakan efektivitas pelaksanaan          make the Board of Directors work effectively. The segregation
   tugas Direksi secara menyeluruh. Pembagian lingkup tugas antar   of the scope of duties among Directors is in line with the Decree
   Direksi sejalan dengan Surat Keputusan Organisasi Induk No.      of the Parent Organization No. DT/SKEP-5015/24 on August
   DT/SKEP-5015/24 tanggal 21 Agustus 2024 sebagai berikut:         21st, 2024, as follows:


    Andi Fahrurrozi
    Direktur Utama
    CEO

   1. Menjamin efektivitas pengurusan dan pengelolaan               1. Ensure the effectiveness of the management and
      Perseroan, termasuk penentuan arah dan strategi                  management of the Company, including the determination
      Perseroan, pengelolaan strategi bisnis, pengelolaan anak         of the Company's direction and strategy, management of
      usaha, penyusunan organisasi Perseroan lengkap dengan            business strategy, management of subsidiaries, preparation
      perincian dan tugasnya, perumusan sumber daya strategis          of the Company's organisation complete with details and
      dan pengelolaan Standar Operating Procedures (“SOP”),            duties, formulation of strategic resources and management
      pengelolaan & pengembangan teknologi informasi,                  of Standard Operating Procedures ("SOP"), management
      mewujudkan terjadinya pencapaian penjualan dan pemasaran         & development of information technology, realising the
      dengan strategi yang tepat, pengelolaan customer service         achievement of sales and marketing with appropriate
      dan aspek-aspek komersial lainnya, penjaminan kualitas           strategies, management of customer service and other
      dan kelaikudaraan, audit internal, pengelolaan komunikasi,       commercial aspects, quality assurance and airworthiness,
      administrasi dan kesekretariatan Perseroan, pengawasan           internal audit, communication management, administration
      terhadap kepatuhan dalam penyelenggaraan Perseroan,              and secretariat of the Company, supervision of compliance
      perlindungan hukum bagi Perseroan dan layanan kontrak            in the operation of the Company, legal protection for
      Perseroan yang dilaksanakan sesuai dengan aspek-aspek            the Company and the Company's contractual services
      hukum agar sejalan dengan penerapan prinsip-prinsip Tata         carried out in accordance with legal aspects in line with
      Kelola Perusahaan yang Baik (Good Corporate Governance/          the implementation of the principles of Good Corporate
      GCG), menjamin sistem mutu yang independen untuk                 Governance (GCG), so as to support the running of PT
      memantau kepatuhan organisasi Perseroan terhadap                 Garuda Maintenance Facility Aero Asia Tbk's business as
      persyaratan otoritas, memfasilitasi implementasi Safety          well as its business growth.
      Management System, menjamin efektivitas pengelolaan SBU
      Defense Industry, sehingga mampu mendukung jalannya
      bisnis PT Garuda Maintenance Facility Aero Asia Tbk
      sekaligus pertumbuhan bisnisnya.
   2. Unit satu tingkat di bawah Direksi yang bertanggung jawab     2. The supporting units one level below the Board of Directors
      langsung kepada Direktur Utama adalah Vice President (VP)        who reports directly to the President Director are the
      Corporate Strategy & Digital Transformation, VP Sales &          Vice President (VP) of Corporate Strategy & Business
      Marketing, VP Corporate Secretary & Legal, VP Quality            Development, VP of Quality Assurance & Safety, VP of
      Assurance & Safety, dan VP Internal Audit.                       Internal Audit and VP of Corporate Secretary & Legal.




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                                                                                                            Tata Kelola Perusahaan
                                                                                                             Corporate Governance




     Pudjo Sarwoko
     Direktur Human Capital & Corporate Affairs
     Director of Human Capital & Corporate Affairs

    1. Menjamin efektivitas pengurusan, pengelolaan dan              1. Ensure the effectiveness of management, management
       pengembangan sumber daya manusia serta budaya                    and development of human resources and the Company's
       Perseroan, kegiatan pelatihan dan manajemen pengetahuan,         culture, training and knowledge management activities,
       pengelolaan dukungan kerumahtanggaan, pemeliharaan dan           management of housekeeping support, maintenance and
       layanan fasilitas, pengadaan barang dan jasa umum tools,         facility services, procurement and fulfilment of material
       serta aset non related aircraft part (termasuk pengelolaan       needs for both aircraft parts and general (non-related
       aset), sehingga berjalan sesuai dengan persyaratan dan           aircraft parts), and management of materials and Bonded
       ketentuan otoritas yang berlaku, serta mampu mendukung           Logistics Centres (PLB) and the Company's assets, so
       jalannya bisnis PT Garuda Maintenance Facility Aero Asia         that they run in accordance with the requirements and
       Tbk sekaligus pertumbuhan bisnisnya.                             provisions of the applicable authorities, and are able to
                                                                        support the running of PT Garuda Maintenance Facility
                                                                        Aero Asia Tbk's business as well as its business growth.
    2. Unit yang berada satu tingkat di bawah Direksi yang           2. Unit one level below the Board of Directors who reports
       menjalankan fungsi memberi dukungan dan bertanggung              directly to the Director of Human Capital & Corporate
       jawab langsung kepada Direktur Human Capital &                   Affairs are the Vice President (VP) of Human Capital
       Corporate Affairs adalah VP Human Capital Management             Management, VP of Corporate Affairs & HSE, VP of Material
       dan VP General Affairs & HSE.                                    & Logistic Services.
     Salusra Satria
     Direktur Keuangan
     Director of Finance


    1. Menjamin efektivitas pengurusan dan pengelolaan keuangan      1. Ensure the effectiveness of the management and financial
       Perseroan termasuk analisis aktivitas keuangan, manajemen        management of the Company including the analysis of
       kas dan likuidasi, serta pengelolaan utang dan pembiayaan        financial activities at the corporate level that may have an
       pada tingkat korporasi yang mungkin berdampak pada               impact on the operational performance and strategy of the
       kinerja operasional dan strategi organisasi, sehingga mampu      organisation, so as to support the running of PT Garuda
       mendukung jalannya bisnis PT Garuda Maintenance Facility         Maintenance Facility Aero Asia Tbk's business as well as
       Aero Asia Tbk sekaligus pertumbuhan bisnisnya.                   its business growth.
    2. Unit yang berada satu tingkat di bawah Direksi yang           2. The units at one level below the Board of Directors that
       menjalankan fungsi memberi dukungan dan bertangung               provide support and are directly responsible to the Finance
       jawab langsung kepada Direktur Keuangan adalah VP                Director are VP Accounting, VP Treasury Management,
       Treasury Management, VP Financial & Management                   VP Financial & Management Accounting, and EGM of Risk
       Accounting serta EGM Risk Management yang                        Management coordinating directly with the Director of
       berkoordinasi langsung dengan Direktur Keuangan.                 Finance.
     Mukhtaris
     Direktur Line Operation
     Director of Line Operation


    1. Menjamin efektivitas pengurusan dan pengelolaan               1. Ensure the effectiveness of the management and
       Perseroan khususnya operasional perawatan pesawat                management of the Company, especially aircraft
       pada line operation, perencanaan perawatan pesawat,              maintenance operations in line operations, aircraft cabin
       jasa engineering, pengadaan dan pengelolaan material,            line maintenance, aircraft maintenance planning, and
       component, jasa dan aset aircraft part, serta pengelolaan        engineering services in accordance with the Company's
       Pusat Logistik Berikat (PLB) sesuai bisnis utama Perseroan,      main business, so as to support the running of PT Garuda
       sehingga mampu mendukung jalannya bisnis PT Garuda               Maintenance Facility Aero Asia Tbk's business as well as
       Maintenance Facility Aero Asia Tbk sekaligus pertumbuhan         its business growth.
       bisnisnya.
    2. Unit satu tingkat di bawah Direksi yang bertanggung jawab     2. Units one level below the Board of Directors that report
       langsung kepada Direktur Line Operation adalah VP Line           directly to the Director of Line Operations are VP
       Maintenance, VP Maintenance Planning, VP Engineering             Line Maintenance, VP Maintenance Planning, and VP
       Services, dan VP Material & Logistic Services.                   Engineering Services.




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Page 268
    Irvan Pribadi
    Direktur Base Operation
    Director of Base Operation

   1. Menjamin efektivitas pengurusan dan pengelolaan                    1. Ensure the effectiveness of the Company's management in
      Perseroan dalam operasional perawatan rangka pesawat                  the maintenance operations of aircraft airframes, engines
      (airframe), mesin (engine) dan Auxiliary Power Unit (APU)             and Auxiliary Power Units (APU), components, aircraft
      pesawat, komponen, peralatan aircraft support (seperti                support equipment (such as Ground Support Equipment), as
      Ground Support Equipment) untuk menunjang operasional                 well as industrial solutions products (such as power services,
      perawatan pesawat, serta produk-produk industrial                     fabrication, and others) to support aircraft maintenance
      solutions (seperti power services, fabrikasi, dan lainnya),           operations, so as to support the running of PT Garuda
      sehingga mampu mendukung jalannya bisnis PT Garuda                    Maintenance Facility Aero Asia Tbk's business as well as
      Maintenance Facility Aero Asia Tbk sekaligus pertumbuhan              its business growth.
      bisnisnya.
   2. Unit satu tingkat di bawah Direksi yang bertanggung                2. Units one level below the Board of Directors that report
      jawab langsung kepada Direktur Base Operation adalah                  directly to the Director of Base Operations are VP
      VP Wide Body Base Maintenance, VP Narrow Body                         Wide Body Base Maintenance, VP Narrow Body Base
      Base Maintenance, VP Engine Services, VP Component                    Maintenance, VP Engine Services, VP Component Services,
      Maintenance & Specialized Services, dan VP Aircraft                   and VP Aircraft Support & Power Services.
      Support & Industrial Solutios.



   PROGRAM ORIENTASI BAGI DIREKSI BARU                                   ORIENTATION PROGRAM
                                                                         FOR NEW DIRECTORS

   Seperti anggota Dewan Komisaris yang baru, Direksi yang               Just like the new members of the Board of Commissioners, the
   baru menjabat juga mengikuti Program Pengenalan (Program              newly appointed Directors also participated in the Induction
   Orientasi) yang untuk memberikan pemahaman terkait kondisi            Program (Orientation Program) to give them an understanding
   terkini Perseroan. Diharapkan melalui program ini, Direksi            of the current situation of the Company. Hopefully, through
   yang baru akan mendapatkan pemahaman yang komprehensif                this program, the new Directors will gain a comprehensive
   akan keadaan operasional dan organisasi Perseroan. Seperti            understanding of the operational conditions and organization
   Program Pengenalan Dewan Komisaris, fungsi Sekretaris                 of the Company. The same with the Board of Commissioners
   Perusahaan juga bertanggung jawab untuk melaksanakan                  Introduction Program, the Corporate Secretary function is also
   Program Pengenalan untuk Direksi baru. Materi Program                 responsible for conducting the Introduction Program for new
   Pengenalan kepada Direksi baru mencakup:                              Directors. The material for the Introduction includes:
   1. Pelaksanaan prinsip-prinsip Good Corporate Governance.             1. Implementation of the principles of Good Corporate
                                                                             Governance.
   2. Gambaran mengenai Perseroan berkaitan dengan tujuan,               2. Description of the Company relating to the objectives,
      sifat, dan lingkup kegiatan, kinerja keuangan dan operasi,             nature and scope of activities, financial and operating
      strategi, rencana usaha jangka pendek dan jangka panjang,              performance, strategies, short-term and long-term business
      posisi kompetitif, risiko dan masalah-masalah strategis lainnya.       plans, competitive positions, risks and other strategic issues.
   3. Kewenangan yang didelegasikan, audit internal dan                  3. Delegated authority, internal and external audit, internal
      eksternal, sistem dan kebijakan pengendalian internal,                 control systems and policies, including the Audit Committee.
      termasuk Komite Audit.
   4. Tugas dan tanggung jawab Dewan Komisaris dan Direksi               4. Duties and responsibilities of the Board of Commissioners
      serta hal-hal yang tidak diperbolehkan.                               and Directors as well as matters that are not allowed.

   Sehubungan tidak adanya perubahan komposisi dan susunan               Due to no changes in the composition of the Board of Directors
   Direksi pada tahun 2024, maka GMF tidak melaksanakan                  in 2024, GMF did not held an introduction program for new
   Program Pengenalan bagi anggota Direksi yang baru.                    Director.




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                                                                                                                 Tata Kelola Perusahaan
                                                                                                                  Corporate Governance




    PELATIHAN DAN PENINGKATAN                                          BOARD OF DIRECTORS’ TRAINING
    KOMPETENSI DIREKSI [GRI                                            AND COMPETENCY ENHANCEMENT
    2-17] [ESG G-05]                                                   [GRI 2-17] [ESG G-05]

    Perseroan memiliki kebijakan untuk mengikutsertakan                The Company has a policy to get the Board of Directors into
    Direksi dalam berbagai program pelatihan dan pengembangan          various training and competency development programs
    kompetensi berupa seminar, diklat, workshop , hingga               through seminars, training, workshops, and benchmarking.
    benchmarking. Peningkatan kompetensi Direksi menjadi hal yang      Increasing the competence of the Board of Directors is important
    penting untuk menjaga tingkat pemenuhan kebutuhan Perseroan        to meet the Company's needs amidst business dynamics and as
    di tengah dinamika bisnis, sekaligus sebagai sebuah upaya untuk    an effort to create a sustainable business. The types of training
    menciptakan keberlangsungan usaha yang berkelanjutan. Jenis        mainly covers the Capital Market, GCG, Financial Statements,
    pelatihan yang diberikan antara lain terkait Pasar Modal,          Underwriting, and studies with other leading MROs, both
    pelatihan GCG, Pelaporan Keuangan, Penjaminan Emisi Efek,          national and international. Information regarding the list of
    hingga studi banding dengan MRO terkemuka lainnya baik             training activities and competency improvement that the Board
    yang bertaraf nasional dan internasional. Informasi mengenai       of Directors has followed throughout 2024 is available in the
    daftar kegiatan pelatihan dan peningkatan kompetensi yang          Sustainability Report of this Integrated Report.
    diikuti Direksi sepanjang tahun 2024 dapat dilihat pada Laporan
    Keberlanjutan dalam Laporan Terintegrasi ini.



    PELAKSANAAN TUGAS DIREKSI TAHUN 2024                               IMPLEMENTATION OF THE BOARD
                                                                       OF DIRECTORS’ DUTIES IN 2024

    Sepanjang tahun 2024, Direksi telah menjalankan tugasnya           Throughout 2024, the Board of Directors has carried out its
    dalam mengelola pengelolaan Perseroan sebagaimana tertuang         duties in managing the Company according to the Work Plan
    dalam Rencana Kerja dan Anggaran Perusahaan (RKAP) yang            and Budget (RKAP) that has been prepared. One of the duties
    telah disusun. Salah satu realisasi pelaksanaan tugas Direksi      of the Board of Directors in 2024 includes the issuance of
    tahun 2024 termasuk penerbitan berbagai keputusan, dimana          various decisions, which are made through internal meetings
    pengambilan keputusannya dilakukan melalui mekanisme rapat         or joint meetings with the Board of Commissioners. The Board
    internal maupun rapat gabungan dengan Dewan Komisaris.             of Directors' decision was issued by the CEO and other member
    Hasil keputusan Direksi dikeluarkan oleh Direktur Utama dan        of Board of Directors in accordance with the division of tasks
    juga anggota Direksi lainnya sesuai dengan pembagian tugas         and authorities. The Board of Directors' decree throughout
    dan kewenangannya. Hasil keputusan Direksi sepanjang tahun         2024 were as follows:
    2024 antara lain sebagai berikut:


            Anggota Direksi                   No. Keputusan                                        Perihal
       Member of Board of Direkctors          Decree Number                                        Subject
     Direktur Utama                          DT/SKEP-5015/24          Organisasi Induk PT Garuda Maintenance Facility Aero Asia Tbk
     CEO                                                              Parent Organization of PT Garuda Maintenance Facility Aero Asia Tbk
                                             DT/SKEP-5001/24          Perubahan Ketujuh Surat Keputusan Direktur Utama Nomor: DT/
                                                                      SKEP-5005/22 tentang Pembentukan Panitia Pembina Keselamatan
                                                                      dan Kesehatan Pekerja (P2K3)
                                                                      Seventh Amendment of the President Director's Decree Number:
                                                                      DT/SKEP-5005/22 on the Formation of the Occupational Safety and
                                                                      Health Committee (P2K3)
                                             DT/SKEP-5002/24          Project Management Inventory Improvement & Financial Inorganic
                                                                      Program
                                             DT/SKEP-5004/24          Tim Pembangunan Hangar Door
                                                                      Program Hangar Door Development Team
                                             DT/SKEP-5005/24          Tim Corporate Action Inbreng Bangunan dan Lahan
                                                                      Corporate Action Team for Asset and Land Inbreng
                                             DT/SKEP-5007/24          Tim Program Inovasi Prototipe Remote Monitoring & Predictive
                                                                      Maintenance Peralatan “Water Cooled Chiller”
                                                                      Prototype Innovation Program Team for Remote Monitoring &
                                                                      Predictive Maintenance of "Water Cooled Chiller"




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          Anggota Direksi                 No. Keputusan                                  Perihal
     Member of Board of Direkctors        Decree Number                                  Subject
                                         DT/SKEP-5008/24   Tim Program Inovasi Pengembangan dan Inovasi Multipurpose Electric
                                                           Vehicle RC Pushback Menuju Kemandirian Pengelolaan Ground
                                                           Handling Pesawat dan Berbagai Moda Transportasi
                                                           Equipment Innovation Development and Innovation Program Team
                                                           for Multipurpose Electric Vehicle RC Pushback Towards Self-Reliance
                                                           in Aircraft
                                         DT/SKEP-5009/24   Project Management Pengembangan Kapabilitas Repair Engine T56,
                                                           Assessment Incoming Engine/APU Military & Shop Visit Monitoring
                                                           dan Pemenuhan Sertifikasi AS9110 Hercules Service Center (HSC)
                                                           Ground Handling and Various Transportation Modes Project
                                                           Management for Development of T56 Engine Repair Capabilities,
                                                           Incoming Engine/APU Military Assessment & Shop Visit Monitoring, and
                                                           Fulfillment of AS9110 Certification for Hercules Service Center (HSC)
                                         DT/SKEP-5011/24   Pembentukan Tim Computer Security Incident Response Team (CSIRT)
                                                           Formation of the Computer Security Incident Response Team (CSIRT)
                                         DT/SKEP-5012/24   Project Management Quality & Safety Method, Facility, Tools &
                                                           Equipment Improvement
                                         DT/SKEP-5013/24   Project Management Quality & Safety Culture, Competence and
                                                           Leadership
                                         DT/SKEP-5018/24   Tim Program Inovasi Pengembangan dan Inovasi Multipurpose Electric
                                                           Vehicle RC Pushback Menuju Kemandirian Pengelolaan Ground
                                                           Handling Pesawat dan Berbagai Moda Transportasi
                                                           Innovation Development and Innovation Program Team for
                                                           Multipurpose Electric Vehicle RC Pushback Towards Self-Reliance in
                                                           Aircraft Ground Handling and Various Transportation Modes
                                         DT/SKEP-5024/24   Tim Persiapan Manufacturing Capability Development
                                                           Manufacturing Capability Development Preparation Team
                                         DT/SKEP-5025/24   Project Management Perbaikan Mekanisme Pencatatan
                                                           Project Management for Mechanism Improvement in Record Keeping
    Direktur Base Operation                     -          -
    Director of Base Operations
    Direktur Human Capital & Corporate   DC/SKEP-5030/24   Project Management Pengawasan Pelaksanaan Pekerjaan Konstruksi
    Affairs                                                & Renovasi Bangunan
    Director of Human Capital &                            Project Management for Construction & Renovation Work Supervision
    Corporate Affairs
                                         DC/SKEP-5038/24   Struktur Organisasi Unit Sales & Marketing
                                                           Sales & Marketing Unit Organizational Structure

                                         DC/SKEP-5182/24   Struktur Organisasi Unit Sales & Marketing
                                                           Sales & Marketing Unit Organizational Structure
                                         DC/SKEP-5219/24   Struktur Organisasi Unit Financial & Management Accounting
                                                           Financial & Management Accounting Unit Organizational Structure
                                         DC/SKEP-5222/24   Struktur Organisasi Unit Quality Assurance & Safety
                                                           Quality Assurance & Safety Unit Organizational Structure
                                         DC/SKEP-5224/24   Struktur Organisasi Unit Corporate Strategy & Digital Transformation
                                                           Corporate Strategy & Digital Transformation Unit Organizational
                                                           Structure
                                         DC/SKEP-5225/24   Struktur Organisasi Unit General Affairs & HSE
                                                           General Affairs & HSE Unit Organizational Structure
                                         DC/SKEP-5264/24   Struktur Organisasi Unit General Affairs & HSE
                                                           General Affairs & HSE Unit Organizational Structure
    Direktur Keuangan                           -          -
    Director of Finance
    Direktur Line Operation                     -          -
    Director of Line Operation




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    PENILAIAN KINERJA KOMITE DAN ORGAN                                            ASSESSMENT OF THE COMMITTEES
    PENDUKUNG DI BAWAH DIREKSI                                                    AND SUPPORTING BODIES UNDER
                                                                                  THE BOARD OF DIRECTORS

    Direksi menjalankan tugasnya dengan dibantu oleh empat organ                  The Board of Directors carries out its duties with the assistance of
    pendukung yaitu Corporate Secretary & Legal, Audit Internal,                  four supporting bodies, including the Corporate Secretary & Legal,
    Financial & Risk Analysis, serta Quality Assurance & Safety.                  Internal Audit, Financial & Risk Analysis, and Quality Assurance
    Evaluasi pelaksanaan tugas masing-masing organ didasarkan                     & Safety. According to the work program, the assessment of each
    pada Key Performance Indikator (KPI) berdasarkan hasil kerja                  supporting body is based on Key Performance Indicators (KPI) of
    individu sesuai program kerja. Direksi tidak memiliki komite                  individual work. The Board of Directors does not have any other
    lain selain organ pendukung tersebut di atas.                                 committees other than those supporting bodies.


                                                           Fungsi Organ Pendukung Direksi
                                                     Function of the Board of Directors’ Supporting Bodies
                                        Corporate Secretary & Legal dibentuk dengan mengacu kepada Peraturan Menteri Badan Usaha Milik Negara Nomor
                                        PER-2/MBU/03/2023 tentang Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan Badan Usaha Milik Negara untuk
                                        menjaga alur komunikasi antar organ Perseroan dan dengan pemangku kepentingan.
     Corporate Secretary & Legal        The Corporate Secretary & Legal function was established based on the Regulation of the Minister of State-Owned
                                        Enterprises Number PER-2/MBU/03/2023 concerning Guidelines for Governance and Significant Corporate Actions
                                        of State-Owned Enterprises, in order to maintain the flow of communication between the Company’s organs and with
                                        stakeholders.
                                        Audit Internal dibentuk untuk membantu Direksi memaksimalkan efektivitas pengendalian intern atas kegiatan
                                        operasi. Audit Internal menjalankan fungsi sebagai assurance and consultant melalui pendekatan sistematik dan
                                        obyektif melalui aktivitas evaluasi dan penilaian terhadap keefektifan dan efisiensi sistem pengendalian internal,
     Audit Internal                     pengelolaan risiko, serta penerapan GCG atas kegiatan strategis dan operasional.
     Internal Audit                     An internal Audit was formed to help the Board of Directors optimize the effectiveness of internal control over the
                                        operation. Internal Audit acts as an assurance and a consultant through a systematic and objective approach with
                                        an evaluation and assessment of the effectiveness and efficiency of the internal control system, risk management,
                                        and the implementation of GCG for strategic and operational activities.
                                        Bidang Risk Management yang merupakan bagian dari Financial & Management Accounting bertugas membantu
                                        Direksi dalam menerapkan manajemen risiko Perseroan secara tepat dan efisien sesuai referensi dari kerangka
     Financial Managemen
                                        kerja ISO 31000.
     Accounting
                                        Risk Management, part of Financial & Management Accounting works to assist the Board of Directors in implementing
                                        the Company's risk management appropriately and efficiently according to ISO 31000 framework.
                                        Quality Assurance & Safety bertugas membantu Direksi menjaga dan meningkatkan kepuasan pelanggan. Pelayanan
                                        perawatan pesawat yang diberikan GMF selalu disesuaikan dengan regulasi otoritas global seperti DKUPPU, EASA,
                                        FAA, dan lainnya dan Quality Assurance & Safety membantu Direksi untuk menjaga kepatuhan Perseroan terhadap
                                        berbagai standar tersebut.
     Quality Assurance & Safety
                                        Quality Assurance & Safety has an objective to help the Board of Directors maintain and improve customer satisfaction.
                                        The aircraft maintenance services from GMF are always adjusted to global authorities such as DKUPPU, EASA,
                                        FAA, and others, and Quality Assurance & Safety helps the Board of Directors maintain the Company's compliance
                                        with these various standards.



                                                Hasil Kinerja Organ Pendukung Direksi Tahun 2024
                                             Assessment of the Supporting Bodies of the Board of Directors in 2024
       No.                                  Key Performance Indicator (KPI)                                            Target               Achievement

     Corporate Secretary & Legal

        1.      Budget Realization                                                                                     <100%                     110%
        2.      Service Level Fulfillment                                                                              100%                      100%
        3.      Corporate Reputation Management                                                                        100%                      100%
        4.      GRC                                                                                                    100%                          99%
        5.      Asset Management                                                                                       100%                      100%
        6.      Legal & Compliance                                                                                     100%                      100%
        7.      Stakeholder Relations Management                                                                       100%                      100%
        8.      Continuous Improvement                                                                                    3                      100%
        9.      Human Capital Readiness (HCR)                                                                           95%                          97%
       10.      Organizational Capital Readiness (OCR)                                                                  90%                      100%




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                                             Hasil Kinerja Organ Pendukung Direksi Tahun 2024
                                         Assessment of the Supporting Bodies of the Board of Directors in 2024
     No.                               Key Performance Indicator (KPI)                                           Target        Achievement

    Internal Audit

      1.     Budget Realization                                                                           100%             105%
      2.     Stakeholder SLA Fulfillment                                                                  90%              101%
      3.     Closure of Audit Action Items                                                                75%              100%
      4.     Percent Completed vs Planned Audit                                                           50%              100%
      5.     GRC                                                                                          100%             100%
      6.     Asset Management                                                                             100%             100%
      7.     Continuous Improvement                                                                       3                100%
      8.     Human Capital Readiness (HCR)                                                                95%              100%
      9.     Organization Capital Readiness (OCR)                                                         90%              100%
      10.    Information Capital Readiness (ICR)                                                          95%              100%

    Financial & Management Accounting

      1.     Budget Realization                                                                           <100%            110%
      2.     Financial Statement Reporting                                                                100%             100%
      3.     Customer Satisfaction Index                                                                  4                89%
      4.     Approved Corporate Budget                                                                    100%             100%
      5.     GRC                                                                                          100%             100%
      6.     Equity Improvement Program                                                                   1                1
      7.     Corporate Finance Service Level                                                              100%             100%
      8.     Tax Compliance                                                                               100%             100%
      9.     Asset Management                                                                             100%             100%
      10.    COGS Rate & Profitability                                                                    100%             100%
      11.    Price Effectiveness                                                                          1                11.6
      12.    Invoice Process & Clearing Performance                                                       95%              100%
      13.    A/P A/R Transaction Readiness                                                                100%             100%
      14.    Continuous Improvement                                                                       3                12
      15.    Investment Planning & Control                                                                100%             100%
      16.    ERM Effectiveness                                                                            100%             100%
      17.    Business Data Quality                                                                        100%             100%
      18.    Human Capital Readiness (HCR)                                                                95%              99%
      19.    Organization Capital Readiness (OCR)                                                         90%              80%
      20.    Information Capital Readiness (ICR)                                                          95%              99%

    Quality Assurance & Safety

      1.     Budget Realization                                                                           100%             110%
      2.     Approval Rating                                                                              100%             100%
      3.     Customer Satisfaction Index                                                                  4                91%
      4.     Performance Fulfillment                                                                      95%              100%
      5.     Effectiveness of Finding & Recommendation                                                    95%              100%
      6.     GRC                                                                                          100%             100%
      7.     Asset Management                                                                             100%             100%
      9.     Continuous Improvement                                                                       3                100%
      10.    Human Capital Readiness (HCR)                                                                95%              100%
      11.    Organization Capital Readiness (OCR)                                                         90%              100%
      12.    Information Capital Readiness (ICR)                                                          85%              100%

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                                                     Informasi Lainnya Tentang
                                                   Dewan Komisaris dan Direksi
               Other Information About the Board of Commissioners and
                                                            Directors

    PENCEGAHAN BENTURAN                                               PREVENTION OF CONFLICT OF
    KEPENTINGAN [GRI 2-15] [ESG G-09]                                 INTEREST [GRI 2-15] [ESG G-09]


    Kegiatan usaha Perseroan tidak terlepas dari hubungan dan         The Company’s business activities inherently involve
    interaksi antara individu di dalam Perseroan maupun dengan        relationships and interactions between individuals within
    pihak lain. Perseroan menyadari adanya potensi konflik            the Company as well as with external parties. The Company
    kepentingan antara satu pihak dengan pihak lainnya, yang          acknowledges the potential for conflicts of interest between
    dapat memengaruhi proses pengambilan keputusan yang pada          one party and another, which may influence the decision-making
    akhirnya dapat merugikan Perseroan.                               process and ultimately harm the Company.

    Salah satu upaya dalam mencegah konflik kepentingan adalah        One way to prevent conflicts of interest is by maintaining
    dengan bersikap transparan terkait Dewan Komisaris dan            transparency regarding the Board of Commissioners and Board
    Direksi dalam hal pedoman kerja, hubungan kerja, hubungan         of Directors, particularly in terms of their working guidelines,
    afiliasi dan rangkap jabatan. Transparansi terkait informasi      working relationships, affiliations, and concurrent positions.
    lainnya perihal anggota Dewan Komisaris dan Direksi akan          Transparency on other relevant information regarding members
    membantu Perseroan untuk mencegah adanya benturan                 of the Board of Commissioners and Board of Directors helps
    kepentingan yang dapat mempengaruhi keberlangsungan usaha.        the Company prevent any conflict of interest that may affect
                                                                      business continuity.

    Secara garis besar, Perseroan memitigasi setiap peluang yang      In general, the Company mitigates any potential conflict of
    dapat menimbulkan konflik kepentingan dengan mewajibkan           interest by requiring that the Board of Directors, Board of
    bahwa Direksi, Dewan Komisaris, Pejabat Eksekutif Perseroan,      Commissioners, Executive Officers, employees, and other
    serta karyawan atau pihak-pihak terkait dengan Perseroan          related parties of the Company refrain from making decisions
    untuk menghindari pengambilan keputusan dalam kondisi yang        under conditions where a conflict of interest exists.
    terdapat konflik kepentingan.

    PEDOMAN KERJA DEWAN                                               BOARD MANUAL OF THE BOARD OF
    KOMISARIS DAN DIREKSI                                             COMMISSIONERS AND DIRECTORS

    Dewan Komisaris dan Direksi Perseroan menjalankan tugas           The Board of Commissioners and the Board of Directors do their
    dan tanggung jawabnya dengan mengacu kepada Pedoman               duties and responsibilities according to the approved Board
    dan Tata Tertib Kerja Dewan Komisaris dan Direksi yang telah      Charter at the GMS. The Board Charter becomes a reference for
    disetujui dalam RUPS. Penerapan Pedoman sebagai acuan tata        the Board to work and also a joint commitment of all members
    laksana kerja Dewan Komisaris dan Direksi merupakan komitmen      to ensure the effectiveness and efficiency of the Company’s
    bersama seluruh anggota guna menjamin efektivitas dan efisiensi   supervisory and management functions.
    pelaksanaan fungsi pengawasan dan pengelolaan Perseroan.

    Penyusunan Pedoman Kerja Dewan Komisaris dan Direksi              The Board Charter follows the provision in the prevailing rules
    telah dilakukan sesuai peraturan dan ketentuan yang berlaku.      and regulations. The Company constantly reviews the contents
    Perseroan senantiasa meninjau ulang isi dari Pedoman Kerja dan    of the Board Charter and makes changes, if necessary, according
    melakukan perubahan, jika diperlukan, sesuai dengan kebutuhan     to the Company’s needs and developments in applicable
    Perseroan dan perkembangan regulasi yang berlaku. Adapun          regulations. The Board of Commissioners Manual was last
    Pedoman Kerja Dewan Komisaris yang terakhir kali telah            approved and signed on November 11, 2020, while the Board
    disetujui dan ditandatangani tertanggal 11 November 2020,         of Directors Manual was last approved and signed on October
    sedangkan Pedoman Direksi yang terakhir kali telah disetujui      20, 2020.
    dan ditandatangani adalah tertanggal 20 Oktober 2020.


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                       Pedoman Dewan Komisaris telah diunggah di website resmi GMF dan dapat diakses oleh public
            The Board Manual for the Board of Commissioners has been uploaded to the official website of GMF and accessible for the
                                                                  public

                                                                     CLICK HERE




                           Pedoman Direksi telah diunggah di website resmi GMF dan dapat diakses oleh publik
           The Board Manual for the Board of Directors has been uploaded to the official website of GMF and accessible for the public



                                                                     CLICK HERE




                                                          Isi Pedoman Dewan Komisaris
                                           Contents of the Board Manual for the Board of Commissioners
    1.     Susunan Dewan Komisaris;                                         1.  Composition of the Board of Commissioners;
    2.     Waktu Kerja Dewan Komisaris;                                     2.  Working Hours of the Board of Commissioners;
    3.     Remunerasi;                                                      3.  Remuneration;
    4.     Hak, Kewajiban dan Tanggung Jawab Dewan Komisaris, termasuk      4.  Rights, Obligations and Responsibilities of the Board of Commissioners,
           di dalamnya mengatur mengenai:                                       which include the following regulations:
    5.     Tugas dan wewenang Dewan Komisaris;                              5. Duties and authorities of the Board of Commissioners;
    6.     Tugas dan wewenang Komisaris Utama;                              6. Duties and authorities of the President Commissioner;
    7.     Tugas dan wewenang Anggota Dewan Komisaris;                      7. Duties and authorities of members of the Board of Commissioners;
    8.     Mekanisme Pengangkatan, Pemberhentian, Pengunduran Diri dan      8. Mechanism to Appoint, Dismiss, Resignation, and Concurrent
           Jabatan Rangkap Dewan Komisaris, termasuk di dalamnya mengatur       Position of the Board of Commissioners, which include the following
           mengenai:                                                            regulations:
    9.     Pengangkatan dan Masa Jabatan Anggota Dewan Komisaris;           9. Appointment and Term of Office of Members of the Board of
                                                                                Commissioners;
    10. Pemberhentian dan Pengunduran Diri Anggota Dewan Komisaris;         10. Dismissal and Resignation of Members of the Board of Commissioners;
                                                                            11. Concurrent Positions and Vacant Position of Members of the Board
    11. Jabatan Rangkap dan Jabatan Lowong Anggota Dewan Komisaris;             of Commissioners;
                                                                            12. Mechanism for the Board of Commissioners Meeting in terms
    12. Mekanisme Rapat Dewan Komisaris, yang terdiri dari Ketentuan            of Provisions, Implementation, Decision-Making Process inside
        Rapat Dewan Komisaris, Pelaksanaan Rapat Dewan Komisaris, Tata          and outside the Board of Commissioners Meetings, including
        Cara Pengambilan Keputusan di dalam dan di Luar Rapat Dewan             the assessment of the Board of Commissioners and Directors
        Komisaris, termasuk di dalamnya mengatur Penilaian kinerja Dewan        performance;
        Komisaris dan Direksi;                                              13. Relationship Management between the Board of Commissioners
    13. Pengelolaan Hubungan Dewan Komisaris dengan Pemangku                    and Stakeholders;
        Kepentingan;                                                        14. Induction and Training for the Board of Commissioners and the
    14. Program Pengenalan dan Pelatihan Dewan Komisaris, beserta Organ         Supporting Organs of the Board of Commissioners;
        Pendukung Dewan Komisaris;                                          15. Loan Facilities for Members of the Board of Commissioners;
    15. Fasilitas Pinjaman Bagi Anggota Dewan Komisaris;                    16. Supporting Organs of the Board of Commissioners, including the
    16. Organ Pendukung Dewan Komisaris, termasuk di dalamnya mengatur          Secretary to the Board of Commissioners and Committees of the
        mengenai Sekretaris Dewan Komisaris dan Komite Dewan Komisaris.         Board of Commissioners.


                                                               Isi Pedoman Direksi
                                              Contents of the Board Manual for the Board of Directors
    1.     Susunan Direksi;                                                 1.
                                                                             Composition of the Board of Directors;
    2.     Kewenangan Direksi mewakili Perseroan;                           2.
                                                                             Authorities of the Board of Directors in representing the Company;
    3.     Tugas, Wewenang, Kewajiban dan Tanggung Jawab Direksi:           3.
                                                                             Duties, Authorities, Obligations and Responsibilities of the Board
                                                                             of Directors:
    4. Mekanisme Pengangkatan, Pemberhentian, Pengunduran Diri, 4. Mechanism to Appoint, Dismiss, Resignation, and Concurrent
        Jabatan Rangkap, dan Jabatan Lowong Anggota Direksi:                 Position as well as Vacant Position of Members of the Board of
                                                                             Directors:
    5. Mekanisme Rapat Direksi, termasuk di dalamnya mengatur 5. Board of Directors Meeting, which include the regulations
        mengenai monitoring dan evaluasi tindak lanjut pelaksanaan rapat     regarding monitoring and evaluation to followup the previous
        sebelumnya, etika dalam rapat, mekanisme pengambilan keputusan       meetings, meeting conduct, and mechanism in making decisions
        dan penyusunan risalah rapat;                                        and compiling minutes of meetings;
    6. Pengelolaan Hubungan Direksi dengan Pemangku Kepentingan; 6. The management of the Board of Directors’ Relationships and
                                                                             Stakeholders Interest;
    7. Program Pengenalan Perseroan dan Pelatihan Direksi;               7. Induction and Training for the Board of Directors;
    8. Waktu Kerja dan Cuti Direksi;                                     8. Working Time and Leave of the Board of Directors;
    9. Fasilitas Pinjaman Bagi Anggota Direksi;                          9. Loan Facilities for Members of the Board of Directors;
    10. Organ Pendukung Direksi.                                         10. Supporting Organs of the Board of Directors.




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    HUBUNGAN KERJA DEWAN                                           WORK RELATIONSHIP BETWEEN THE BOARD
    KOMISARIS DAN DIREKSI                                          OF COMMISSIONERS AND DIRECTORS

    Pedoman Kerja Dewan Komisaris dan Direksi seperti yang telah   The Board of Commissioners and Board of Directors
    disebutkan sebelumnya juga berlaku sebagai kebijakan yang      Manual, as previously mentioned, also governs the working
    mengatur hubungan kerja antara Dewan Komisaris dan Direksi.    relationship between the Board of Commissioners and the
    Hubungan kerja ini berdasar kepada prinsip pengawasan dan      Board of Directors. This relationship is based on check and
    keseimbangan (check and balance) sebagai komitmen bersama      balance principles as a joint commitment in implementing GCG
    dalam mengimplementasikan prinsip-prinsip GCG. Pedoman         principles. The Board of Commissioners Manual and the Board
    Dewan Komisaris dan Pedoman Direksi mengatur aspek-            of Directors Manual regulate the following aspects concerning
    aspek terkait Hubungan Kerja Dewan Komisaris, Direksi, dan     the Working Relationship of the Board of Commissioners, Board
    Pemangku Kepentingan serta Tindakan Tertentu Perseroan         of Directors, Stakeholders, and Certain Company Actions:
    sebagai berikut:
    1. Hubungan Kerja Dewan Komisaris, Direksi, dan Pemangku       1. Working Relationship of the Board of Commissioners, Board
        Kepentingan                                                   of Directors, and Stakeholders
        a. Hubungan Dewan Komisaris dengan Pemegang Saham;            a. Relationship between the Board of Commissioners and
                                                                          the Shareholders;
        b. Hubungan Direksi dengan Pemegang Saham;                    b. Relationship between the Board of Directors and
                                                                          Shareholders;
        c. Hubungan Dewan Komisaris dengan Direksi;                   c. Relationship between the Board of Commissioners and
                                                                          the Board of Directors;
       d. Hubungan Direksi dengan Komite di bawah Dewan               d. Relationship between the Board of Directors and the
          Komisaris.                                                      Committees under the Board of Commissioners.
    2. Tindakan Tertentu Perseroan                                 2. Certain Actions of the Company
       a. Susunan, Tugas dan Wewenang, Hak, Kewajiban, dan            a. Composition, Duties and Powers, Rights, Obligations,
          Tanggung Jawab Dewan Komisaris dan Direksi;                     and the responsibilities of the Board of Commissioners
                                                                          and Board of Directors;
        b. Pengangkatan, Pemberhentian, Pengunduran Diri, dan         b. Appointment, Termination, Resignation Self, and
           Jabatan Rangkap Dewan Komisaris dan Direksi;                   Concurrent Positions of the Board of Commissioners
                                                                          and Board of Directors;
        c. Rapat Direksi, Rapat Dewan Komisaris, dan Rapat            c. Board of Directors Meetings, Board of Commissioners
           Bersama Dewan Komisaris dan Direksi;                           Meetings, and Joint Meetings of the Board of
                                                                          Commissioners and Board of Directors;
        d. Program Pengenalan dan Pelatihan Dewan Komisaris           d. The Board of Commissioners and Board of Directors
           dan Direksi;                                                   Induction and Training Programs;
        e. Fasilitas Pinjaman bagi Dewan Komisaris dan Direksi;       e. Loan Facilities for the Board of Commissioners and
                                                                          Board of Directors;
        f.   Organ Pendukung Dewan Komisaris dan Direksi.             f. Supporting Bodies for the Board of Commissioners and
                                                                          Board of Directors.

    Pelaksanaan hubungan kerja Dewan Komisaris dan Direksi         The work relationship between the Board of Commissioners
    dalam kegiatan sehari-hari dilakukan melalui rapat gabungan    and Board of Directors in daily activities is carried out through
    Dewan Komisaris dan Direksi serta penyelenggaraan RUPS.        joint meetings of the Board and at the GMS. The official
    Media komunikasi formal antara Dewan Komisaris dan Direksi     communication channel between the Board of Commissioners
    mencakup Laporan Berkala Triwulanan, Laporan Khusus,           and Board of Directors includes Quarterly Reports, Special
    Laporan Tahunan. Media komunikasi lainnya yang tersedia        Reports, and Annual Reports. Other communication channel
    secara informal mencakup e-mail, Group Chatting/Messenger,     includes e-mail, Group Chat/Messenger, and Knowledge
    dan Knowledge Management System.                               Management System.




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   KEBERAGAMAN KOMPOSISI                                               DIVERSITY OF THE BOARD OF
   DEWAN KOMISARIS DAN DIREKSI                                         COMMISSIONERS AND DIRECTORS
   [GRI 405-1] [ESG G-01]                                              COMPOSITION [GRI 405-1] [ESG G-01]

   GMF memiliki kebijakan keberagaman Dewan Komisaris                  GMF has a policy concerning the diversity of the Board of
   dan Direksi sebagaimana tercantum dalam Pedoman Kerja               Commissioners and Board of Directors as stated in the Board
   Dewan Komisaris dan Direksi. Aspek keberagaman yang diatur          Manual. The diversity includes educational background, work
   mencakup latar belakang pendidikan, pengalaman kerja, usia,         experience, age, and gender, considering the Company’s current
   dan jenis kelamin, dengan senantiasa mempertimbangkan               situation and business dynamics. The diversity policy aims to
   kebutuhan Perusahaan dan dinamika usaha. Kebijakan                  give a broad perspective and create a composition full of high
   Keberagaman Dewan Komisaris dan Direksi bertujuan untuk             creativity in solving various issues. Information on the diversity
   memberikan perspektif beragam, sekaligus menciptakan                of the Board of Commissioners and Board of Directors are as
   komposisi organ yang kaya akan kreativitas dalam memecahkan         follows. Profiles of all members of the Board of Commissioners
   masalah yang dihadapi Perseroan. Informasi keberagaman              and Directors are available in the Company Profile chapter of
   Dewan Komisaris dan Direksi tercantum dalam tabel sebagai           this Integrated Report.
   berikut. Profil seluruh anggota Dewan Komisaris dan Direksi
   dapat dilihat pada bab Profil Perusahaan pada Laporan
   Terintegrasi ini.


                                      Keberagaman Komposisi Anggota Dewan Komisaris
                                           Diversity of the Board of Commissioners Composition

              Aspek Keberagaman                                                     Realisasi
     No.                                                                           Realization
                Diversity Aspect
     1.    Keahlian                    Anggota Dewan Komisaris memiliki keahlian yang beragam mencakup bidang manajemen maskapai
           Expertise                   penerbangan, manajemen dan perawatan pesawat, akuntansi, hukum, manajemen bisnis.
                                       The members of the Board of Commissioners possess diverse expertise in terms of airline management,
                                       aircraft management and maintenance, accounting, law, and business management.
     2.    Pendidikan                  Anggota Dewan Komisaris memiliki jenjang pendidikan yang beragam mulai dari sarjana hingga magister
           Education                   di sejumlah bidang mencakup manajemen bisnis dan ekonomi, teknik elektro, akuntansi, hukum.
                                       The members of the Board of Commissioners possess varying educational backgrounds, ranging
                                       from bachelor's to master's degrees in fields such as business management and economics, electrical
                                       engineering, accounting, and law.
     3.    Pengalaman Kerja            Anggota Dewan Komisaris merupakan para profesional yang pernah menjabat berbagai posisi penting
           Professional Experiene      sebagai CEO maskapai penerbangan, karyawan GMF yang mendapatkan promosi jabatan, auditor
                                       kantor akuntan publik, dan juga pernah berkecimpung di pemerintahan sebagai ketua Bawaslu dan
                                       figure penting di Kementerian Perhubungan.
                                       The members of the Board of Commissioners are professionals who have held significant positions
                                       such as airline CEOs, GMF employees who received promotions, auditors at public accounting firms,
                                       and have been involved in government roles such as chairman of Bawaslu and as important figures
                                       in the Ministry of Transportation.
     4.    Usia                        Anggota Dewan Komisaris memiliki usia beragam mulai dari 54 tahun hingga 70 tahun yang
           Age                         memperlihatkan tingkat kematangan setiap anggota.
                                       The age range of the members of the Board of Commissioners spans from 54 years to 70 years,
                                       reflecting the maturity level of each member.
     5.    Jenis Kelamin               Anggota Dewan Komisaris saat ini seluruhnya berjenis kelamin laki-laki.
           Gender                      Currently, all members of the Board of Commissioners are male.
     6.    Independensi                Seluruh anggota Dewan Komisaris, independen terhadap pemegang saham pengendali GMF;
           Independence                Mayoritas (lebih dari 50%) anggota Dewan Komisaris merupakan Komisaris Independen. Dari lima
                                       anggota Dewan Komisaris, GMF memiliki empat orang Komisaris Independen.
                                       All members of the Board of Commissioners are independent of GMF's controlling shareholders;
                                       The majority (more than 50%) of them are Independent Commissioners. Out of the five members of
                                       the Board of Commissioners, GMF has three Independent Commissioners.




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                                                                                                                      Corporate Governance




                                               Keberagaman Komposisi Anggota Direksi
                                                 Diversity of the Board of Directors Composition

                  Aspek Keberagaman                                                       Realisasi
      No.                                                                                Realization
                    Diversity Aspect
     1.       Keahlian                    Anggota Direksi memiliki keahlian yang beragam mencakup bidang teknik dan operasional perawatan
              Expertise                   pesawat, manajemen sumber daya manusia, keuangan, manajemen.
                                          The members of the Board of Directors possess diverse expertise in terms of aircraft maintenance
                                          engineering and operations, human resource management, finance, business management.
     2.       Pendidikan                  Anggota Direksi memiliki jenjang pendidikan yang beragam mulai dari sarjana hingga magister di
              Education                   sejumlah bidang mencakup keuangan dan ekonomi, teknik mesin dan penerbangan, hukum.
                                          The members of the Board of Directors possess varying educational backgrounds, ranging from
                                          bachelor's to master's degrees in fields such as finance and economics, mechanical and aviation
                                          engineering, law.
     3.       Pengalaman Kerja            Anggota Direksi merupakan para profesional yang pernah menjabat berbagai posisi penting sebagai
              Professional Experiene      karyawan GMF yang mendapatkan promosi jabatan, direktur sejumlah bank, lembaga keuangan global
                                          dan BUMN, serta direktur dan VP di Garuda.
                                          The members of the Board of Directors are professionals who have held significant positions such as
                                          GMF employees who received promotions, directors in a number of banks, global finance institutions
                                          and SOEs, and directors and VP in Garuda.
     4.       Usia                        Anggota Direksi memiliki usia beragam mulai dari 40 tahun hingga 58 tahun yang memperlihatkan
              Age                         tingkat kematangan setiap anggota, namun tetap dalam usia produktif untuk mengelola kegiatan
                                          usaha setiap harinya.
                                          The age range of the members of the Board of Directors spans from 40 years to 58 years, reflecting
                                          the maturity level of each member, but still within the range of productive age to manage the daily
                                          operation of the Company.
     5.       Jenis Kelamin               Anggota Direksi saat ini seluruhnya berjenis kelamin laki-laki.
              Gender                      Currently, all members of the Board of Directors are male.
     6.       Independensi                Seluruh anggota Direksi, independen terhadap pemegang saham pengendali GMF.
              Independence                All members of the Board of Commissioners are independent of GMF's controlling shareholders.


                                       Keberagaman Manajemen dan Independensi [ESGG-01]
                                                  Board Diversity and Independence [ESGG-01]
                                                                                                                  Jumlah Pihak Independen
                     Tipe Manajemen                            Laki-laki                     Perempuan
                                                                                                                   Number of Independent
                     Management Type                             Male                          Female
                                                                                                                           Parties
     Komisaris                                       5                               0                           2
     Commissioner
     Direktur                                        5                               0                           5
     Director


    PENILAIAN KINERJA DEWAN KOMISARIS                                      ASSESSMENT ON THE BOARD OF
    DAN DIREKSI [GRI 2-18] [ESG G-04]                                      COMMISSIONERS AND DIRECTORS
                                                                           PERFORMANCE [GRI 2-18] [ESG G-04]

    Penilaian GCG terhadap Dewan Komisaris dan Direksi                     GCG assessments for the Board of Commissioners and Board
    dapat dilihat di pembahasan Hasil Tata Kelola: Evaluasi,               of Directors are available in the earlier discussion concerning
    Pemantauan, dan Peningkatan sebelumnya. Penilaian kinerja              Governance Results: Evaluation, Monitoring, and Improvement.
    Dewan Komisaris dan Direksi yang akan dibahas di sini adalah           The discussion here is about the target achievement or
    seputar pencapaian target ataupun kontrak manajemen di                 management contracts in the current year.
    tahun berjalan.

    RUPS mengevaluasi kinerja Dewan Komisaris dan Direksi setiap           The GMS evaluates the performance of the Board of
    tahunnya. Hasil evaluasi kinerja masing-masing anggota Dewan           Commissioners and Board of Directors every year. The
    Komisaris dan Direksi menjadi salah satu dasar pertimbangan            assessment for each member of the Board of Commissioners
    bagi pemegang saham untuk melakukan penunjukan kembali.                and Board of Directors serves as a basis for shareholders to
    Hasil evaluasi ini menjadi bagian yang tidak terpisahkan dalam         reappoint the respected member. The assessment becomes
    skema remunerasi untuk Dewan Komisaris dan Direksi.                    an integral part of the remuneration scheme for the Board of
                                                                           Commissioners and Board of Directors.




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   Penilaian Kinerja Dewan Komisaris                                 Assessment on the Board of Commissioners
   Kinerja Dewan Komisaris dinilai secara kolegial setiap tahunnya   The annual assessment on the Board of Commissioners refers
   dengan mengacu pada ketetapan yang telah ditentukan di            to the current year’s provisions to be submitted and evaluated
   tahun berjalan untuk selanjutnya dipertanggungjawabkan dan        at the GMS.
   dievaluasi oleh RUPS.

   Dewan Komisaris memiliki kriteria KPI sebagai dasar dalam         The Board of Commissioners has KPI criteria as the basis for
   melakukan penilaian kinerja. Penyusunan KPI ditentukan            performance assessment. The KPIs are determined and agreed
   dan disepakati bersama Pemegang Saham, Dewan Komisaris,           upon by the Shareholders, Board of Commissioners and Board
   dan Direksi dalam RUPS. Penilaian terhadap kinerja Dewan          of Directors in the GMS. Assessment of the performance of
   Komisaris dilihat dari pelaksanaan tugas dan tanggung jawab       the Board of Commissioners is seen from the implementation
   masing-masing sebagaimana ditetapkan dalam Rencana Kerja          of their respective duties and responsibilities as stipulated in
   Dewan Komisaris dalam Keputusan Dewan Komisaris tanggal           the Board of Commissioners Work Plan in the Decree of the
   18 Januari 2024. Sepanjang tahun 2024, Dewan Komisaris            Board of Commissioners dated January 18, 2024. Throughout
   telah melaksanakan fungsi serta tugas dan tanggung jawab          2024, the Board of Commissioners has carried out its functions
   masing-masing dengan mengacu kepada rencana kerja yang            and duties and responsibilities with reference to the work plan
   telah disusun.                                                    that has been prepared.

   Penilaian Kinerja Direksi                                         Assessment on the Board of Directors

   Direksi berkewajiban untuk menyampaikan laporan kinerja dan       The Board of Directors is obligated to submit its report
   pencapaian Perseroan kepada pemegang saham dalam RUPS.            concerning the Company’s performance and achievements
   Mekanisme penilaian kinerja Direksi menjadi tanggung jawab        to shareholders at the GMS. The assessment on the Board
   Dewan Komisaris dengan mengacu kepada kriteria, target, dan       of Directors becomes the responsibility of the Board of
   indikator kinerja (Key Performance Indicator) yang tertuang       Commissioners using the criteria, targets, and performance
   dalam Kontrak Manajemen Direksi terkait kriteria penilaian        indicators (Key Performance Indicators) in the Management
   individual maupun kolegial.                                       Contract of the Board of Directors as a reference to assess the
                                                                     individual and collegial parameters.

   Dewan Komisaris menyampaikan hasil penilaian terhadap             The Board of Commissioners submits the assessment to the GMS
   kinerja Direksi kepada RUPS sebagai bagian dari laporan tugas     as part of the supervisory report. The GMS has the authority to
   pengawasan Dewan Komisaris. RUPS memiliki wewenang                approve the Board of Directors' performance appraisal results
   untuk menyetuji hasil penilaian kinerja Direksi dengan            by taking into account the Board of Commissioners' responses.
   mempertimbangkan tanggapan Dewan Komisaris.

   Secara umum, prosedur penilaian kinerja Direksi adalah sebagai    In general, the procedures for evaluating the performance of
   berikut:                                                          the Board of Directors are as follows:
   1. Kontrak Manajemen Direksi yang memuat kriteria penilaian       1. Directors’ Management Contracts that contain criteria for
       kinerja Direksi baik individu dan kolegial ditandatangani         evaluating the performance of Directors both individually
       setahun sekali bersamaan dengan penyusunan dan                    and collegially are signed once a year together with the
       pengesahan RKAP oleh Pemegang Saham;                              preparation and approval of the RKAP by the Shareholders;
   2. Direksi menyampaikan laporan kinerja kepada Dewan              2. The Board of Directors submits a performance report to the
       Komisaris dengan mengacu kepada Indikator Penilaian               Board of Commissioners by referring to the Performance
       Kinerja (Key Performance Indicator) yang telah ditetapkan         Performance Indicators (Key Performance Indicators)
       dalam Kontrak Manajemen Direksi;                                  specified in the Directors’ Management Contract;
   3. Laporan pencapaian kinerja disampaikan bersamaan dengan        3. Performance reports are submitted together with the
       Laporan Manajemen Triwulanan dan Tahunan kepada                   Quarterly and Annual Management Reports to the Board
       Dewan Komisaris dan Pemegang Saham;                               of Commissioners and Shareholders;
   4. Dewan Komisaris memberikan evaluasi terhadap laporan           4. The Board of Commissioners provides an evaluation of the
       pencapaian target dari masing-masing KPI yang diterima            report on the achievement of targets of each KPI received
       Direksi setiap Triwulanan dan Tahunan;                            by the Board of Directors on a quarterly and annual basis;
   5. Dewan Komisaris dan Pemegang Saham selanjutnya                 5. The Board of Commissioners and Shareholders then
       perhitungan tingkat pencapaian berdasarkan Laporan                calculate the level of achievement based on the Quarterly
       Triwulanan dan Tahunan dengan mempertimbangkan                    and Annual Reports taking into account the achievement
       pencapaian target individual dan kolegial.                        of individual and collegial targets.




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                                                                     KPI Direksi Tahun 2024
                                                              KPI of The Board of Directors in 2024
                            KPI                            Freq          Actual              Target             Ach (%)            Weight                  Score
     Nilai Ekonomi dan Sosial untuk Indonesia                                                                                      50.00%
     Economic and Social Values for Indonesia
     Revenue                                                M            421.22              389.15            108.24%             10.00%                 10.92%
     Net Profit                                             M             26.90               17.37            135.43%             15.00%                 16.50%
     Free Cash Flow*                                        M           109.74%               100%             109.74%             12.50%                 13.72%
     Customer SLA Fulfillment                               M            99.40%               100%              99.40%             12.50%                 12.43%
     Inovasi Model Bisnis                                                                                                          10.00%
     Business Model Innovation
     Customer Satisfaction Index                             S               4                  4              100.00%              5.00%                  5.00%
     Improvement Program                                     Y               1                  1              100.00%              5.00%                  5.00%
     Kepemimpinan Teknologi                                                                                                        12.50%
     Technology Leadership
     Continuous Improvement                                  S              69                 57              100.00%              7.50%                  7.50%
     Information Capital Readiness (ICR)                    M            99.58%               95%              100.00%              5.00%                  5.00%
     Peningkatan Investasi                                                                                                          5.00%
     Increased Investment
     Asset Management                                       M           100.00%               100%             100.00%              5.00%                  5.00%
     Governance, Risk and Compliance (GRC)                  M           100.00%               100%             100.00%              7.50%                  7.50%
     Pengembangan Talenta                                                                                                           5.00%
     Talent Development
     Human Capital Readiness (HCR)                          M           100.00%               95%              100.00%              7.50%                  7.50%
     Organization Capital Readiness (OCR)                   M            97.15%               90%              100.00%              7.50%                  7.50%
     Jumlah Skor
                                                                                                                                                          103.56%
     Total Score
     *Adapun untuk KPI Free Cash Flow mengukur pergerakan cash flow Perusahaan (setelah aktivitas operating, investing, dan financing) di tahun 2024 dengan
     menggunakan laporan unaudited Perusahaan.
     *As for the Free Cash Flow KPI, it measures the Company's cash flow movement (after operating, investing, and financing activities) in 2024 using the Company's
     unaudited report.



    REMUNERASI DEWAN KOMISARIS                                                         REMUNERATION FOR THE BOARD OF
    DAN DIREKSI [GRI 2-19, 2-20, 2-21]                                                 COMMISSIONERS AND DIRECTORS [GRI
                                                                                       2-19, 2-20, 2-21]

    Dasar Hukum Penetapan Remunerasi                                                   Basis for Remuneration of the Board
    Legal Dewan Komisaris dan Direksi                                                  of Commissioners and Directors

    Penetapan remunerasi Dewan Komisaris dan Direksi dilakukan                         The remuneration for the Board of Commissioners and Board of
    dengan berlandaskan pada peraturan perundang-undangan                              Directors is set according to the applicable laws and regulations:
    yang berlaku:
    1. Undang-Undang Republik Indonesia No. 40 Tahun 2007                              1. Law of the Republic of Indonesia No. 40 of 2007 Article
       Pasal 113 tentang Perseroan Terbatas.                                              113 concerning Limited Liability Companies.
    2. Peraturan Menteri BUMN Nomor PER-3/MBU/03/2023                                  2. SOE Minister Regulation Number PER-3/MBU/03/2023
       tentang Organ dan Sumber Daya Manusia Badan Usaha                                  concerning Organs and Human Resources of State-Owned
       Milik Negara.                                                                      Enterprises.
    3. Anggaran Dasar Perseroan.                                                       3. Company’s Articles of Association.




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   Prosedur Penetapan Remunerasi Dewan Komisaris dan                          Procedure to Determine the Remuneration for the Board
   Direksi                                                                    of Commissioners and Directors
   Penyusunan kebijakan penetapan remunerasi Dewan Komisaris                  The remuneration for the Board of Commissioners and Board
   dan Direksi dilakukan berdasarkan rekomendasi oleh Komite                  of Directors is based on the Nomination and Remuneration
   Nominasi dan Remunerasi untuk dibahas dalam Rapat Dewan                    Committee’s remuneration at the Board of Commissioners
   Komisaris. Hasil pembahasan dan penetapan remunerasi Dewan                 Meeting. The result of the discussion is submitted by the
   Komisaris dan Direksi selanjutnya disampaikan oleh Komite                  Nomination and Remuneration Committee to the GMS to
   Nominasi dan Remunerasi kepada RUPS untuk disetujui dan                    receive approval from the Shareholders.
   ditetapkan oleh Pemegang Saham.


                                           Rapat Umum Pemegang Saham | General Meeting of Shareholders
                                    Pemberian persetujuan oleh Pemegang Saham dan penetapan remunerasi untuk
                                                             Dewan Komisaris dan Direksi.
                                       Granting approval by the Shareholders and setting the remuneration for the
                                                         Board of Commissioners and Directors.




                                                      Dewan Komisaris | Board of Commissioners
                    • Dewan Komisaris mempelajari rekomendasi jumlah remunerasi yang diberikan oleh Komite Nominasi dan
                      Remunerasi;
                    • Pemberian usulan kepada RUPS terkait remunerasi Dewan Komisaris dan Direksi.
                    • The Board of Commissioners studies the recommended amount of remuneration given by the Nomination and
                      Remuneration Committee;
                    • Giving Proposals to the GMS related to the remuneration of the Board of Commissioners and Directors.




                                     Komite Nominasi dan Remunerasi | Nomination and Remuneration Committee
                         • Pengkajian dengan mempertimbangkan pencapaian kinerja dan kontribusi;
                           Dewan Komisaris dan Direksi serta pengajian jumlah remunerasi di industri lain yang sejenis;
                         • Pemberian rekomendasi kepada Dewan Komisaris.
                         • Assessment by considering the performance achievements and contributions of the
                           Board of Commissioners and Directors as well as an assessment of the amount of remuneration
                           in other similar industries;
                         • Providing recommendations to the Board of Commissioners.




   Indikator Penetapan Remunerasi                                             Indicator to Determine the Remuneration of
   Dewan Komisaris dan Direksi                                                the Board of Commissioners and Directors
   Komite Nominasi dan Remunerasi menetapkan remunerasi                       The Nomination and Remuneration Committee determines
   Dewan Komisaris dan Direksi. Penyusunan struktur, kebijakan,               the remuneration for the Board of Commissioners and
   dan besaran remunerasi Dewan Komisaris dan Direksi harus                   Board of Directors. The composition, policies, and amount of
   memperhatikan hal-hal sebagai berikut:                                     remuneration for the Board of Commissioners and Board of
                                                                              Directors must pay attention to the following matters:
   •    Remunerasi yang berlaku pada industri sesuai dengan                   • Remuneration applicable to the industry in accordance with
        kegiatan usaha dan skala usaha dari emiten atau perusahaan               the business activities and business scale of the issuer or
        publik sejenis.                                                          similar public company.
   •    Tugas, tanggung jawab, dan wewenang anggota Direksi                   • The duties, responsibilities and authority of members of
        dan/atau anggota Dewan Komisaris dikaitkan dengan                        the Board of Directors and/or members of the Board of
        pencapaian tujuan dan kinerja Perseroan.                                 Commissioners are related to the achievement of the goals
                                                                                 and performance of the Company.
   •    Target kinerja atau kinerja masing-masing anggota Direksi             • Performance targets or the performance of each member
        dan/atau anggota Dewan Komisaris.                                        of the Board of Directors and/or members of the Board of
                                                                                 Commissioners.
   •    Keseimbangan tunjangan antara yang bersifat tetap dan                 • Balance between fixed and variable benefits.
        bersifat variabel.
   •    Kesesuaian peraturan dan perundang-undangan di bidang                 •   Compliance with laws and regulations in the field of taxation
        perpajakan dan ketenagakerjaan.                                           and employment.
   •    Asas keterbukaan, keseimbangan internal serta kompetitif              •   The principle of openness, internal balance and competitive
        dengan perusahaan lain selain Perseroan.                                  with other companies outside the Company.


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    Penetapan remunerasi Dewan Komisaris dan Direksi                             Determination of the remuneration of the Board of
    berdasarkan pada pencapaian kinerja Perseroan untuk tahun                    Commissioners and Directors based on the achievement of
    buku sebelumnya sebagaimana tertuang dalam Laporan                           the Company’s performance for the previous financial year
    Keuangan, serta penilaian KPI tahun buku sebelumnya yang                     as stipulated in the Audit Financial Report, as well as the KPI
    merupakan bahan pertimbangan dalam menetapkan tantiem                        assessment of the previous book year which is a material
    tahun buku sebelumnya dan remunerasi untuk Direksi dan                       consideration in determining the tantiem of the previous
    Dewan Komisaris.                                                             financial year and remuneration for the Directors and the
                                                                                 Board of Commissioners.

    Struktur Remunerasi Dewan Komisaris dan Direksi                              Remuneration Structure of the Board
                                                                                 of Commissioners and Directors
    Struktur remunerasi Dewan Komisaris dan Direksi mengacu                      The remuneration structure of the Board of Commissioners
    kepada Peraturan Menteri BUMN Nomor PER-3/MBU/03/2023                        and Board of Directors refers to the Regulation of the Minister
    tentang Organ dan Sumber Daya Manusia Badan Usaha                            of SOEs Number PER-3/MBU/03/2023 on Organs and Human
    Milik Negara. Berdasarkan peraturan tersebut, komponen                       Resources of State-Owned Enterprises. Based on the regulation,
    penghasilan Dewan Komisaris terdiri dari:                                    the income components of the Board of Commissioners consist
                                                                                 of:


                                                           Remunerasi Dewan Komisaris
                                                  Board of Commissioners’ Remuneration Structure
     Honorarium Dewan Komisaris                                                 Board of Commissioners Salary
     Penghasilan tetap berupa uang yang diterima setiap bulan karena            It is a fixed income in the form of money received every month because
     kedudukannya sebagai anggota Dewan Komisaris, dengan ketentuan             of his position as a member of the Board of Commissioners, with the
     sebagai berikut:                                                           following conditions:
     • Perhitungan gaji Komisaris Utama sebesar 45% dari gaji Direktur          • The calculation of the salary of the President Commissioner is
         Utama.                                                                       45% of the salary of the President Director.
     • Perhitungan gaji Komisaris sebesar 90% dari gaji Komisaris Utama.        • Calculation of Commissioner’s salary of 90% of the salary of the
                                                                                      President Commissioner.
     Tunjangan Dewan Komisaris                                             Board of Commissioners Allowances
     Penghasilan berupa uang atau yang dapat dinilai dengan uang yang      It’s an income in the form of money or which can be valued with money
     diterima pada waktu tertentu oleh anggota Dewan Komisaris selain      received at a certain time by members of the Board of Commissioners
     Honorarium, yang dapat berupa:                                        in addition to the Honorarium, which can be in the
                                                                           form of:
     •    Tunjangan Hari Raya, diberikan paling banyak 1 (satu) kali • Holiday allowance, is given at most 1 (one) fixed income per month
          penghasilan tetap per bulan di setiap tahunnya                         in each year.
     •    Tunjangan Transportasi, diberikan sebesar 20% (dua puluh persen) • Transportation allowance, given in the amount of 20% (twenty
          dari Honorarium masing-masing anggota Dewan Komisaris.                 percent) of the Honorarium of each member of the Board of
     •    Asuransi Purna Jabatan, diberikan dengan ketentuan premi yang          Commissioners.
          ditanggung Perusahaan paling banyak 25% dari honorarium per • Full-Term Insurance, provided with the premium provisions that
          tahun.                                                                 the Company bears at most 25% of the annual honorarium.
     Fasilitas Dewan Komisaris                                                  Facilities for the Board of Commissioners
     Penghasilan berupa sarana dan/atau kemanfaatan dan/atau penjaminan         It’s an income in the form of facilities and/or benefits and/or guarantees
     yang digunakan/dimanfaatkan oleh anggota Dewan Komisaris dalam             used/utilized by members of the Board of Commissioners in the context
     rangka pelaksanaan tugas, wewenang, kewajiban dan tanggung jawab           of carrying out duties, authorities, obligations and responsibilities based
     berdasarkan peraturan perundang- undangan, yang dapat berupa:              on laws and regulations, which can be in the form of:
     • Fasilitas Kesehatan, diberikan dalam bentuk asuransi kesehatan           • Health facilities, provided in the form of health insurance or
         atau penggantian biaya pengobatan.                                           reimbursement of medical expenses.
     • Fasilitas Bantuan Hukum, diberikan jika diperlukan, dalam hal            • Legal Assistance Facilities, provided if necessary, in the event of
         terjadi tindakan/perbuatan untuk dan atas nama jabatannya yang               actions/actions occurring for and on behalf of his position relating
         berkaitan dengan Perseroan.                                                  to the Company.
     Tantiem Dewan Komisaris dan Direksi                                        Tantiem for the Board of Commissioners and Directors
     Tantiem adalah penghasilan yang merupakan penghargaan yang                 Tantiem is an income given to members of the Board of Commissioners
     diberikan kepada anggota Dewan Komisaris apabila memperoleh laba           if they receive profits and do not experience accumulated losses.
     dan tidak mengalami akumulasi kerugian. Perseroan dapat memberikan         Companies can provide bonuses to members of the Board of
     tantiem kepada anggota Dewan Komisaris berdasarkan penetapan RUPS          Commissioners based on the determination of the GMS in ratification
     dalam pengesahan Laporan Tahunan apabila opini yang diterbitkan oleh       of the Annual Report if the opinion issued by the auditor is at least
     auditor adalah paling sedikit Wajar Dengan Pengecualian, realisasi         Reasonable with Exceptions, realization of the lowest level of health
     tingkat kesehatan paling rendah dengan nilai 70 (tujuh puluh) dengan       with a value of 70 (seventy) by not calculating the burden/profit due
     tidak memperhitungkan beban/keuntungan akibat tindakan Direksi             to the actions of the Board of Directors before, the achievement of
     sebelumnya, capaian Key Performance Indicator (KPI) paling rendah          Key Performance Indicators (KPI) of at least 80% (eighty) percent) by
     sebesar 80% (delapan puluh persen) dengan tidak memperhitungkan            not calculating factors outside the Board of Directors ‘control, and the
     faktor di luar pengendalian Direksi, dan kondisi Perseroan tidak semakin   condition of the Company not getting worse than the previous year
     merugi dari tahun sebelumnya atau Perseroan tidak menjadi rugi, dengan     or the Company not being a loss, by not counting factors outside the
     tidak memperhitungan faktor di luar pengendalian Direksi.                  Directors’ control.




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                                                              Remunerasi Dewan Komisaris
                                                     Board of Commissioners’ Remuneration Structure
    Tantiem Dewan Komisaris                                             Tantiem for the Board of Commissioners
    • Insentif kinerja adalah penghasilan yang merupakan penghargaan • Performance incentives are income awards given to members of
        yang diberikan kepada anggota Dewan Komisaris.                      the Board of Commissioners.
    • Perhitungan tantiem/insentif Kinerja bagi Dewan Komisaris adalah • Calculation of bonus/performance incentives for the Board of
        sebagai berikut:                                                    Commissioners is as follows:
        a. Perhitungan tantiem/insentif Kinerja Komisaris Utama sebesar     a. Performance bonus/incentive for President Commissioner
            45% dari tantiem/insentif kinerja Direktur Utama.                   is 45% of tantiem/performance incentive for the President
                                                                                Director.
        b. Perhitungan Komisaris lainnya sebesar 90% dari tantiem/          b. Other Commissioners’ calculations are 90% of the President
            insentif kinerja Komisaris Utama.                                   Commissioner’s performance/incentives.
    Catatan | Notes:
    Tidak ada komponen lainnya (bonus non kinerja, opsi saham, asuransi, dll).
    Pajak atas honorarium, tunjangan dan fasilitas bagi Dewan Komisaris ditanggung dan menjadi beban Perseroan. Sedangkan pajak atas tantiem/insentif kinerja bagi
    Dewan Komisaris ditanggung dan menjadi beban masing-masing anggota.
    There are no other components (non-performance bonuses, stock options, insurance, etc.).
    Taxes on honorarium, allowances, and facilities for the Board of Commissioners and are borne by the Company. Each member of the Board of Commissioners paid
    the xaxes on bonuses/performance incentives.


                                                                     Remunerasi Direksi
                                                         Board of Directors’ Remuneration Structure
    Gaji Direksi                                                                    Board of Directors Salary
    Penghasilan tetap berupa uang yang diterima setiap bulan karena                 It is a fixed income in the form of money received every month because
    kedudukannya sebagai anggota Direksi, dengan ketentuan sebagai                  of his position as a member of the Board of Directors, with the following
    berikut:                                                                        conditions:
    • Gaji Direktur Utama ditetapkan dengan menggunakan pedoman                     • Salary of the President Director is determined using internal
        internal dalam kelompok usaha Garuda Indonesia.                                   guidelines in the Garuda Indonesia business group.
    • Perhitungan gaji Direktur lainnya sebesar 85% dari gaji Direktur              • Calculation of other Directors’ salaries is 85% of the salary of the
        Utama.                                                                            President Director.
    Tunjangan Direksi                                                               Board of Directors’ Allowances
    Penghasilan berupa uang atau yang dapat dinilai dengan uang yang                It’s an income in the form of money or which can be valued with money
    diterima pada waktu tertentu oleh anggota Direksi selain Gaji, yang             received at a certain time by members of the Board of Directors other
    dapat berupa:                                                                   than Salary, which can be in the form of:
    • Tunjangan Hari Raya, diberikan paling banyak 1 (satu) kali                    • Holiday allowance, is given at most 1 (one) fixed income per month
        penghasilan tetap per bulan di setiap tahunnya.                                   in each year.
    • Tunjangan Perumahan, diberikan secara bulanan sebesar 40%                     • Housing allowance, given monthly basis of 40% (forty percent)
        (empat puluh persen) termasuk biaya utilitas.                                     including utility costs.
    • Asuransi Purna Jabatan, diberikan dengan ketentuan premi yang                 • Full-Term Insurance, provided with the premium provisions that
        ditanggung Perusahaan paling banyak 25% dari gaji per tahun.                      the Company bears at the maximum 25% of annual salary.
    Fasilitas Direksi                                                               Facilities for the Board of Directors
    Penghasilan berupa sarana dan/atau kemanfaatan dan/atau penjaminan              It’s an income in the form of facilities and/or benefits and/or guarantees
    yang digunakan/dimanfaatkan oleh anggota Direksi dalam rangka                   used/utilized by members of the Board of Directors in the context of
    pelaksanaan tugas, wewenang, kewajiban dan tanggung jawab                       carrying out their duties, authorities, obligations and responsibilities
    berdasarkan peraturan perundang-undangan, yang dapat berupa:                    based on laws and regulations, which can be in the form of:
    • Fasilitas Kendaraan, diberikan sebanyak 1 (satu) unit kendaraan               • Vehicle Facilities, given as many as 1 (one) unit of official vehicle
        dinas beserta biaya pemeliharaan dan operasional dengan spesifikasi               along with maintenance and operational costs with specifications
        dan standar ditetapkan oleh RUPS.                                                 and standards according to the GMS.
    • Fasilitas Kesehatan, diberikan dalam bentuk asuransi kesehatan                • Health facilities, provided in the form of health insurance or
        atau penggantian biaya pengobatan.                                                reimbursement of medical expenses.
    • Fasilitas Bantuan Hukum, diberikan jika diperlukan, dalam hal                 • Legal Assistance Facilities, provided if necessary, in the event of
        terjadi tindakan/perbuatan untuk dan atas nama jabatannya yang                    actions/actions occurring for and on behalf of his position relating
        berkaitan dengan Perusahaan.                                                      to the Company.
    Tantiem Dewan Komisaris dan Direksi                                             Tantiem for the Board of Commissioners and Directors
    Tantiem adalah penghasilan yang merupakan penghargaan yang                      Tantiem is an income given to members of the Board of Commissioners
    diberikan kepada anggota Dewan Komisaris apabila memperoleh laba                if they receive profits and do not experience accumulated losses.
    dan tidak mengalami akumulasi kerugian. Perseroan dapat memberikan              Companies can provide bonuses to members of the Board of
    tantiem kepada anggota Dewan Komisaris berdasarkan penetapan RUPS               Commissioners based on the determination of the GMS in ratification
    dalam pengesahan Laporan Tahunan apabila opini yang diterbitkan oleh            of the Annual Report if the opinion issued by the auditor is at least
    auditor adalah paling sedikit Wajar Dengan Pengecualian, realisasi              Reasonable with Exceptions, realization of the lowest level of health
    tingkat kesehatan paling rendah dengan nilai 70 (tujuh puluh) dengan            with a value of 70 (seventy) by not calculating the burden/profit due
    tidak memperhitungkan beban/keuntungan akibat tindakan Direksi                  to the actions of the Board of Directors before, the achievement of
    sebelumnya, capaian Key Performance Indicator (KPI) paling rendah               Key Performance Indicators (KPI) of at least 80% (eighty) percent) by
    sebesar 80% (delapan puluh persen) dengan tidak memperhitungkan                 not calculating factors outside the Board of Directors ‘control, and the
    faktor di luar pengendalian Direksi, dan kondisi Perseroan tidak semakin        condition of the Company not getting worse than the previous year
    merugi dari tahun sebelumnya atau Perseroan tidak menjadi rugi, dengan          or the Company not being a loss, by not counting factors outside the
    tidak memperhitungan faktor di luar pengendalian Direksi.                       Directors’ control.




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                                                                  Remunerasi Direksi
                                                      Board of Directors’ Remuneration Structure
     Tantiem Direksi                                                             Tantiem for the Board of Directors
     Insentif Kinerja, yaitu penghasilan yang merupakan penghargaan yang         Performance incentives, i.e. income which is an award given to members
     diberikan kepada anggota Direksi apabila terjadi peningkatan kinerja        of the Board of Directors in the event of an increase in performance
     walaupun masih mengalami kerugian atau akumulasi kerugian.                  even though there are still losses or accumulated losses.
     Perhitungan tantiem/insentif Kinerja bagi Direksi adalah sebagai berikut:   Calculation of bonus/performance incentives for Directors is as follows:
     • Perhitungan tantiem/insentif kinerja Direktur Utama ditetapkan            • The performance tantiem/incentives of the President Director is
         dengan menggunakan pedoman internal dalam kelompok usaha                     determined by using internal guidelines in the Garuda Indonesia
         Garuda Indonesia.                                                            business group.
     • Perhitungan tantiem/insentif kinerja Direktur lainnya sebesar 85%         • Calculation of tantiem for other Directors is 85% tantiem/
         tantiem/insentif kinerja gaji Direktur Utama.                                performance incentives of the salary of the President Director.



    Remunerasi Dewan Komisaris dan Direksi Tahun 2024                            Remuneration for the Board of Commissioners and
                                                                                 Directors in 2024
    Melalui Surat nomor GARUDA/JKTDZ/20882/2024 tanggal                           Through Letter Number GARUDA/JKTDZ/20882/2024 dated
    10 September 2024 tentang Penetapan Penghasilan Direksi                       September 10, 2024, regarding the Determination of Income
    dan Dewan Komisaris PT Garuda Maintenance Facility Aero                       for the Board of Directors and Board of Commissioners of PT
    Asia Tbk (“GMF”) Tahun Buku 2024, serta sehubungan belum                      Garuda Maintenance Facility Aero Asia Tbk (“GMF”) for the
    adanya keputusan terbaru maka Dewan Komisaris menetapkan                      2024 Fiscal Year, and in the absence of any new decisions, the
    hal-hal sebagai berikut:                                                      Board of Commissioners has resolved the following matters:
    1. Gaji Direktur Utama untuk tahun 2024 ditetapkan dengan                     1. The salary of the President Director for 2023 is set at a
        besaran tertentu yang akan digunakan sebagai acuan utama                      certain amount which will be used as the main reference
        dalam perhitungan gaji/honorarium Dewan Komisaris dan                         in calculating the salary/honorarium of the Board of
        Direksi lainnya.                                                              Commissioners and other Directors.
    2. Pemberian Fasilitas, Asuransi Purna Jabatan, dan lainnya                   2. Provision of facilities, post-employment insurance, and
        mengacu kepada ketentuan yang telah berlaku di Internal                       others refers to the provisions that have been applied in
        Perseroan.                                                                    the Company's internal.
    3. Insentif Kinerja Direksi dan Dewan Komisaris PT Garuda                     3. Performance Incentives for the Board of Directors and
        Maintenance Facility Aero Asia Tbk diberikan dengan                           Board of Commissioners of PT GMF Aero Asia Tbk are
        besaran tertentu.                                                             given with a certain amount.
    4. Perseroan harus menangguhkan pembayaran Insentif                           4. The Company must suspend the payment of Performance
        Kinerja kepada Direksi dan Dewan Komisaris sebesar 10%                        Incentives to the Directors and Board of Commissioners
        (sepuluh persen) dengan jangka waktu penangguhan 3 (tiga)                     by 10% (ten per cent) with a suspension period of 3 (three)
        tahun yang diberikan secara prorata.                                          years which is given pro rata.



                                              Remunerasi Dewan Komisaris dan Direksi Tahun 2024
                                            Board of Commissioners and Board of Directors Remuneration in 2024

                                             Keterangan                                                                  Jumlah (Rp)
                                             Description                                                                  Total (Rp)
     Dewan Komisaris                                                                                                                                   5
     Board of Commissioners
     Total Imbalan Jangka Pendek                                                                                                      Rp12,724,778,974
     Total Short-Term Benefits
     Total Imbalan Jangka Panjang                                                                                                       Rp1,176,868,354
     Total Long-Term Employee Benefits
     Jumlah                                                                                                                           Rp13,901,647,328
     Total
     Direksi                                                                                                                                           5
     Board of Directors
     Total Imbalan Jangka Pendek                                                                                                      Rp28,489,791,768
     Total Short-Term Benefits
     Total Imbalan Jangka Pendek Lainnya                                                                                                Rp4,005,880,996
     Total Other Long-Term Employee Benefits

     Jumlah
                                                                                                                                     Rp32,495,672,764
     Total




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   Rasio Gaji/Honorarium                                                                Salary/Honorarium Ratio

                                           Keterangan                                                                                   2023
                                                                                                           2024
                                           Description
    Direktur Utama terhadap Direktur                                                                       1:0,85                       1:0,85
    President Director to Director
    Komisaris Utama terhadap Komisaris                                                                     1:0,90                       1:0,90
    President Commissioner to Commissioner
    Direktur Utama terhadap Komisaris Utama                                                                1:0,45                       1:0,45
    President Director to the President Commissioner
    Direktur Utama terhadap karyawan level tertinggi                                                       1:0,20                       1:0,19
    President Director to the highest-ranking employees
    Direktur Utama terhadap karyawan level terendah                                                        1:0,02                       1:0,02
    President Director to the lowest employee level
    Karyawan level tertinggi terhadap karyawan level terendah                                              1:0,11                       1:0,11
    Highest to the lowest employee level
    Karyawan terendah terhadap UMP                                                                          1:1                          1:1
    The lowest employee level to the minimum regional wage
    Catatan | Notes:
    Karyawan level tertinggi adalah Vice President, sedangkan level terendah adalah Teknisi/Officer.
    The highest employee level is Vice President, while the lowest level is Technician/Officer.


   RAPAT DEWAN KOMISARIS                                                                MEETINGS OF THE BOARD
   DAN DIREKSI [ESG G-02]                                                               OF COMMISSIONERS AND
                                                                                        DIRECTORS [ESG G-02]

   Dewan Komisaris dan Direksi memiliki mekanisme rapat sebagai                         The Board of Commissioners and Board of Directors have a meeting
   salah satu bentuk koordinasi pelaksanaan tugas setiap orang.                         mechanism as a form of coordination in the implementation of
   Dewan Komisaris memiliki mekanisme rapat, baik rapat internal                        each person's duties. The Board of Commissioners has an internal
   dengan anggota sendiri ataupun gabungan dengan Direksi.                              meeting mechanism among members or jointly with the Board
   Sedangkan Direksi memiliki mekanisme rapat internal antar                            of Directors. Meanwhile, the Board of Directors has an internal
   anggota yang dapat dilaksanakan dengan mengundang divisi-                            meeting mechanism among members, inviting other divisions
   divisi lain yang terkait dengan agenda pembahasan.                                   related to the discussion agenda.

   Pelaksanaan rapat untuk Dewan Komisaris dan Direksi dapat                            The Board of Commissioners and Board of Directors can
   diadakan kapan pun sesuai kebutuhan. Rapat juga dapat                                conduct the meeting at any time as needed. Meeting can also
   dilaksanakan apabila mendapat permintaan dari seorang                                be held if there is a request from one or more members of
   atau lebih anggota Dewan Komisaris dan Direksi, dan/atau                             the Board of Commissioners and Board of Directors, and/or a
   permintaan Pemegang Saham yang mewakili sekurang-                                    request from Shareholders who represent at least 1/10 (one
   kurangnya 1/10 (satu per sepuluh) jumlah dari jumlah saham                           tenth) of the total number of outstanding shares, along with
   yang beredar dengan disertai alasan diadakannya rapat.                               the reasons for the meeting.

   Setiap keputusan yang diambil pada saat rapat Dewan                                  Every decision at the meeting of the Board of Commissioners
   Komisaris dan Direksi dilakukan dengan berdasarkan prinsip                           and Board of Directors is made based on the principle of
   musyawarah untuk mufakat. Apabila mufakat tidak tercapai,                            deliberation to reach a consensus. If there is no consensus,
   maka pengambilan keputusan dilakukan melalui mekanisme                               the decision is made through a vote. If the voting result is
   pengambilan suara. Dalam hal hasil pengambilan suara                                 balanced, the chairman of the meeting has the right to decide
   berimbang, maka ketua rapat berhak memutuskan hasil rapat.                           the meeting's outcome. The decision is considered valid if
   Pengambilan keputusan dianggap sah apabila dihadiri oleh                             attended by all members of the Board of Directors or their
   seluruh anggota Direksi atau wakilnya yang sah.                                      authorized representatives.

   Seluruh risalah dan hasil keputusan rapat Dewan Komisaris                            All minutes and resolutions of meetings of the Board of
   dan Direksi dicatat dan didokumentasikan dengan                                      Commissioners and Board of Directors are recorded,
   ditandatangani oleh seluruh anggota yang hadir, termasuk                             documented, and signed by all attending members, including
   apabila terdapat perbedaan pendapat (dissenting opinion)                             the dissenting opinions along with the reasons. The minutes
   dengan menyertakan alasan terjadinya perbedaan pendapat.                             are distributed to all members, whether present or not, at the
   Risalah rapat didistribusikan kepada seluruh anggota, baik                           meeting. Particularly, the Board of Directors’ meeting minutes is
   yang hadir maupun tidak hadir dalam rapat tersebut. Khusus                           distributed to all positions below the Board of Directors no later


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    untuk risalah rapat Direksi akan didistribusikan kepada                than 7 (seven) days from the signing of the decision. Meetings of
    tingkatan organisasi di bawah Direksi selambat-lambatnya 7             the Board of Commissioners and Directors are held within the
    (tujuh) hari sejak ditandatanganinya keputusan tersebut. Rapat         Company’s operational area. Decisions made during meetings,
    Dewan Komisaris dan Direksi diadakan di lingkungan tempat              including those held via teleconference, video conference, or
    operasi Perseroan. Keputusan-keputusan yang telah diambil              other electronic media that allow all participants to see and/or
    selama rapat, termasuk yang diselenggarakan melalui media              hear each other directly and participate in the meeting, shall
    telekonferensi, video konferensi atau sarana media elektronik          remain valid as long as they meet the requirements.
    lainnya yang memungkinkan semua peserta rapat saling melihat
    dan/atau mendengar secara langsung serta berpartisipasi dalam
    rapat, tetap sah sepanjang memenuhi persyaratan yang telah
    ditetapkan.

    Rapat Internal Dewan Komisaris                                         Board of Commissioners Internal Meeting
    Pada tahun 2024, Dewan Komisaris mengadakan rapat internal             In 2024, the Board of Commissioners has held 13 (thirteen)
    antar anggota sebanyak 13 (tiga belas) kali. Berikut disampaikan       internal meetings with all members. Here are the agenda and
    agenda dan risalah rapat, kehadiran, serta rekapitulasi tingkat        minutes of meetings, attendance, and attendance levels of the
    kehadiran Dewan Komisaris dalam rapat-rapat tersebut.                  Board of Commissioners during the meetings.


                                          Rekapitulasi Kehadiran Komisaris pada Rapat Internal
                                                Commissioners’ Attendance during Internal Meeting
                                                                         Jumlah Wajib Rapat
                             Nama dan Posisi                                                          Jumlah Kehadiran                Kehadiran
                                                                        Number of Mandatory
                            Name and Position                                                        Number of Presence               Presence
                                                                              Meeting
     Dharmadi                                                                     13                         13                         100%
     Komisaris Utama/independen
     President Commissioner/Independent
     Rahmat Hanafi                                                                13                         13                         100%
     Komisaris
     Commissioner
     Ali Gunawan                                                                  13                         13                         100%
     Komisaris Independen
     Independent Commissioner
     Abhan                                                                        13                         13                         100%
     Komisaris Independen
     Independent Commissioner
     Agit Atriantio                                                               13                         13                         100%
     Komisaris Independen
     Independent Commissioner

     Rata-rata
                                                                                                                                        100%
     Average


                                                 Risalah Rapat Internal Dewan Komisaris
                                                           Minutes of Internal Meeting

               Tanggal                                  Agenda Rapat                                Kehadiran      Alasan Ketidakhadiran
                Date                                    Meeting Agenda                               Presence       Reasons for Absence
     18 Januari 2024              Rencana Kerjadan dan Anggaran Perusahaan Tahun 2024                 100%                        -
     January 18, 2024             2024 Corporate Work Plan and Budget
     26 Februari 2024             Briefing Dewan Komisaris dan Kinerja Korporat Januari 2024          100%                        -
     February 26, 2024            Board of Commissioners Briefing and Corporate Performance
                                  January 2024
     22 Maret 2024                Briefing Dewan Komisaris dan Kinerja Korporat Februari 2024         100%                        -
     March 22, 2024               Board of Commissioners Briefing and Corporate Performance
                                  February 2024
     22 April 2024                Briefing Dewan Komisaris                                            100%                        -
     April 22, 2024               Board of Commissioners Briefing
     20 Mei 2024                  Briefing Dewan Komisaris                                            100%                        -
     May 20, 2024                 Board of Commissioners Briefing




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                                                 Risalah Rapat Internal Dewan Komisaris
                                                            Minutes of Internal Meeting

             Tanggal                                    Agenda Rapat                                   Kehadiran      Alasan Ketidakhadiran
              Date                                      Meeting Agenda                                  Presence       Reasons for Absence
    7 Juni 2024                 Persiapan RUPST GMF 28 Juni 2024                                          100%                  -
    June 7, 2024                Preparation for GMF Annual GMS on June 28, 2024
    8 Juli 2024                 Open Item Dewan Komisaris GMF                                             100%                  -
    July 8, 2024                GMF Board of Commissioners’ Open Items
    19 Agustus 2024             Open Item Dewan Komisaris GMF                                             100%                  -
    August 19, 2024             GMF Board of Commissioners’ Open Items
    2 September 2024            Pembahasan Remunerasi Direksi dan Dewan Komisaris                         100%                  -
    September 2, 2024           Discussion on Board of Directors and Board of Commissioners’
                                Remuneration
    24 Oktober 2024             Persiapan RUPSLB GMF 2024                                                 100%                  -
    October 24, 2024            Preparation for GMF EGMS 2024
    22 November 2024            Evaluasi Laporan Triwulan 3 GMF                                           100%                  -
    November 22, 2024           Evaluation of GMF Q3 Report
    24 Desember 2024            •   Open Item Dewan Komisaris                                             100%                  -
    December 24, 2024           •   Rencana Kerja dan Anggaran Dewan Komisaris
                                •   Board of Commissioners’ Open Items
                                •   Board of Commissioners’ Work Plan and Budget


   Rapat Gabungan Dewan Komisaris Dan Direksi                               Joint Meeting with Directors
   Selain rapat internal, Dewan Komisaris juga dapat melakukan              Apart from internal meetings, the Board of Commissioners
   rapat gabungan dengan mengundang Direksi. Rapat gabungan                 can also hold joint meetings by inviting the Board of Directors.
   ini berfungsi sebagai bentuk koordinasi membahas laporan-                This joint meeting serves as a form of coordination to discuss
   laporan periodik Direksi dan kondisi serta prospek usaha serta           the Board of Directors’ periodic reports, business conditions,
   kebijakan yang berdampak pada kinerja Perseroan. Melalui                 prospects and policies that affected the Company's performance.
   rapat ini, Dewan Komisaris dapat memberikan tanggapan,                   The Board of Commissioners can respond, give notes and
   catatan, dan nasihat yang nantinya akan dituangkan dalam                 advice, which will be outlined in the Minutes of Meeting. Joint
   Risalah Rapat. Rapat gabungan dapat juga dilakukan atas usulan           meetings may also be held at the recommendation of the Board
   Direksi.                                                                 of Directors.

   Pada tahun 2024, rapat gabungan antara Dewan Komisaris                   In 2024, there were 16 (sixteen) joint meetings between the
   dan Direksi dilaksanakan sebanyak 16 (enam belas) kali.                  Board of Commissioners and Board of Directors. The following
   Berikut disampaikan agenda dan risalah rapat, kehadiran, serta           is the agenda, minutes of meetings, and attendance levels of
   rekapitulasi tingkat kehadiran Dewan Komisaris dan Direksi               the Board of Commissioners and Directors during meetings.
   dalam rapat-rapat tersebut.

                                Rekapitulasi Kehadiran Komisaris dan Direktur pada Rapat Gabungan
                                 Recapitulation of the presence of Commissioners and Directors at the Joint Meeting

                     Nama dan Posisi                           Jumlah Wajib Rapat                     Jumlah Kehadiran         Kehadiran
                    Name and Position                       Number of Mandatory Meeting              Number of Presence        Presence

    Dewan Komisaris
    Board of Commissioners

    Dharmadi                                                               16                                  16                   100%
    Komisaris Utama
    President Commissioner
    Rahmat Hanafi                                                          16                                  16                   100%
    Komisaris
    Commissioner
    Ali Gunawan                                                            16                                  16                   100%
    Komisaris Independen
    Independent Commissioner
    Abhan                                                                  16                                  16                   100%
    Komisaris Independen
    Independent Commissioner




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                                   Rekapitulasi Kehadiran Komisaris dan Direktur pada Rapat Gabungan
                                    Recapitulation of the presence of Commissioners and Directors at the Joint Meeting

                        Nama dan Posisi                           Jumlah Wajib Rapat                     Jumlah Kehadiran                  Kehadiran
                       Name and Position                       Number of Mandatory Meeting              Number of Presence                 Presence
     Agit Atriantio                                                           16                                  16                          100%
     Komisaris Independen
     Independent Commissioner

     Rata-rata
                                                                                                                                              100%
     Average

     Direksi
     Board of Directors

     Andi Fahrurrozi                                                          16                                  16                          100%
     Direktur Utama
     CEO
     Irvan Pribadi                                                            16                                  16                          100%
     Direktur Base Operation
     Director of Base Operations
     Pudjo Sarwoko                                                            16                                  16                          100%
     Direktur Human Capital & Corporate Affairs
     Director of Human Capital & Corporate Affairs
     Salusra Satria                                                           16                                  16                          100%
     Direktur Keuangan
     Director of Finance
     Mukhtaris                                                                16                                  16                          100%
     Direktur Line Operation
     Director of Line Operation

     Rata-rata
                                                                                                                                              100%
     Average


                                            Risalah Rapat Gabungan Dewan Komisaris dan Direksi
                                           Minutes of Joint Meeting of the Board of Commissioners and Directors

             Tanggal                                    Agenda Rapat                                     Kehadiran             Alasan Ketidakhadiran
              Date                                      Meeting Agenda                                   Presence               Reasons for Absence
     19 Januari 2024           •   Kinerja Korporat FY 2024                                            100%                -
     January 19, 2024          •   Update Kerja Sama
                               •   Corporate Performance FY 2024
                               •   Update Partnership
     26 Februari 2024          Kinerja Korporat Januari 2024                                           100%                -
     February 26, 2024         Corporate Performance as of January 2024
     22 Maret 2024             Kinerja Korporat Februari 2024                                          100%                -
     March 22, 2024            Corporate Performance as of February 2024
     22 April 2024             •   Kinerja Korporat YTD Maret 2024                           100%                          -
     April 22, 2024            •   Update Rencana Penambahan Modal GMF melalui penyertaan
                                   aset GA (Hangar)
                               •   Corporate Performance YTD March 2024
                               •   Update on GMF Equity Addition Plan through asset addition
                                   of GA (Hangar)
     20 Mei 2024               Kinerja Korporat YTD April 2024                                         100%                -
     May 20, 2024              Corporate Performance YTD April 2024
     7 Juni 2024               Persiapan RUPST GMF 28 Juni 2024                                        100%                -
     June 7, 2024              Preparation of GMF AGMS on June 28, 2024
     25 Juni 2024              Persiapan RUPST GMF 28 Juni 2024                                        100%                -
     June 25, 2024             Preparation of GMF AGMS on June 28, 2024
     8 Juli 2024               Kinerja YTD Mei dan Highlight Juni 2024                                 100%                -
     July 8, 2024              Performance of YTD May and June 2024 Highlight
     29 Juli 2024              Laporan Bulanan YTD Juni 2024                                           100%                -
     July 29, 2024             Monthly Report YTD June 2024
     19 Agustus 2024           Laporan Bulanan YTD Juli 2024                                           100%                -
     August 19, 2024           Monthly Report YTD July 2024


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                                          Risalah Rapat Gabungan Dewan Komisaris dan Direksi
                                        Minutes of Joint Meeting of the Board of Commissioners and Directors

           Tanggal                                    Agenda Rapat                                      Kehadiran        Alasan Ketidakhadiran
            Date                                      Meeting Agenda                                    Presence          Reasons for Absence
    6 September 2024         Update Strategic Initiatives 2024                                        100%           -
    September 6, 2024
    20 September 2024        Laporan Bulanan YTD Agustus 2024                                         100%           -
    September 20, 2024       Monthly Report YTD August 2024
    4 Oktober 2024           Pembahasan Materi RUPSLB 16 Oktober 2024                                 100%           -
    October 4, 2024          Material Discussion on EGMS on October 16, 2024
    31 Oktober 2024          •    Pembahasan RKAP 2025 dan RJPP 2025-2029                             100%           -
    October 31, 2024         •    Laporan Bulanan YTD September 2024
                             •    Discussion on RKAP 2025 and RJPP 2025-2029
                             •    Monthly Report YTD September 2024
    22 November 2024         •    Laporan Bulanan YTD November 2024                                   100%           -
    November 22, 2024        •    Human Capital Update
                             •    Monthly Report YTD November 2024
                             •    Human Capital Update
    24 Desember 2024         •    Laporan Bulanan YTD November 2024                                   100%           -
    December 24, 2024        •    Update Inbreng Hangar
                             •    Monthly Report YTD November 2024
                             •    Update on Hangar Equity Participation (Inbreng)



   Rapat Direksi                                                             Board of Directors Meeting
   Pada tahun 2024, Direksi mengadakan rapat sebanyak 28 (dua                In 2024, the Board of Directors has held 28 (twenty-eight)
   puluh delapan) kali. Berikut disampaikan agenda dan risalah               meetings. Here are the agenda and minutes of meetings, and
   rapat, kehadiran, serta rekapitulasi tingkat kehadiran Direksi            attendance level of the Board of Directors during meetings.
   dalam rapat-rapat tersebut.


                                           Rekapitulasi Kehadiran Direktur pada Rapat Internal
                                                    Directors’ Attendance during Internal Meeting
                                                                      Jumlah Wajib Rapat
                           Nama dan Posisi                                                           Jumlah Kehadiran           Kehadiran
                                                                     Number of Mandatory
                          Name and Position                                                         Number of Presence          Presence
                                                                           Meeting
    Andi Fahrurrozi                                                            28                            27                    96,4%
    Direktur Utama
    CEO
    Irvan Pribadi                                                              28                            24                    85,7%
    Direktur Base Operation
    Director of Base Operations
    Pudjo Sarwoko                                                              28                            28                    100%
    Direktur Human Capital & Corporate Affairs
    Director of Human Capital & Corporate Affairs
    Salusra Satria                                                             28                            27                    96,4%
    Direktur Keuangan
    Director of Finance
    Mukhtaris                                                                  28                            28                    100%
    Direktur Line Operation
    Director of Line Operation

    Rata-rata
                                                                                                                           95,7%
    Average




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                                               Risalah Rapat Internal Direksi
                                                   Minutes of Internal Meeting

              Tanggal Rapat                                               Agenda Rapat
              Meeting Date                                               Meeting Agenda
     2 Januari 2024           •   Briefing, Roundtable Discussion and Open Items
     January 2, 2024          •   Update Pengadaan Seragam Kerja 2024
                              •   Update Usulan Perubahan Pola Ikatan Dinas Pendidikan dan Pelatihan
     8 Januari 2024           Briefing, Roundtable Discussion dan Open Item
     January 8, 2024
     9 Januari 2024           •   Briefing, Roundtable Discussion dan Open Item
     January 9, 2024          •   Update Pengadaan Safety Shoes & Vest
                              •   Update Pengadaan Hangar Door
                              •   Update Pengadaan ATW dan ASU
                              •   Update Inventory
     16 Januari 2024          Briefing, Roundtabe Discussion dan Open Item
     January 16, 2024
     22 Januari 2024          •   Briefing, Roundtabe Discussion dan Open Item
     January 22, 2024         •   Update Simulasi Pembiayaan (Financing) Pekerjaan Perawatan Engine
                              •   Update Rencana Perluasan (Extension) Hangar 1
                              •   Persetujuan Penunjukan Pemenang Pengadaan Hangar Door
     24 Januari 2024          •   Persetujuan Penunjukan Pemenang Pengadaan Hangar Door
     January 24, 2024         •   Update Proses Pengadaan Safety Shoes dan Vest
                              •   Approval for the Appointment of the Hangar Door Procurement Winner
                              •   Update on Safety Shoes and Vest Procurement
     29 Januari 2024          •   Briefing, Roundtabe Discussion dan Open Item
     January 29, 2024         •   Update Pelaksanaan Perayaan Hari Ulang Tahun 22
                              •   Pengajuan Persetujuan Penambahan Tenaga Alih Daya (TAD) Line Maintenance
                              •   Update Skema Kerjasama Pembangunan Ruangan Koperasi Karyawan
                              •   Briefing, Roundtable Discussion, and Open Items
                              •   Update on the 22nd Anniversary Celebration
                              •   Implementation Submission for Approval of Additional Outsourced Manpower (TAD) for Line Maintenance
                              •   Update on the Collaboration Scheme for Employee Cooperative Room Development
     7 Februari 2024          Briefing, Roundtabe Discussion dan Open Item
     February 7, 2024         Briefing, Roundtabe Discussion and Open Item
     12 Februari 2024         •   Briefing, Roundtabe Discussion dan Open Item
     February 12, 2024        •   Update Budget Revitalisasi Tools & Equipment
                              •   Briefing, Roundtabe Discussion and Open Item
                              •   Update on the Collaboration Scheme for Employee Cooperative Room Development
     26 Februari 2024         •   Briefing, Roundtable Discussion and Open Items
     February 26, 2024        •   Update Status Inventory
                              •   Briefing, Roundtable Discussion, and Open Items
                              •   Update on Inventory Status
     4 Maret 2024             •   Briefing, Roundtable Discussion and Open Items
     March 4, 2024            •   Update Restrukturisasi Pembayaran Kewajiban Vendor
                              •   Persetujuan Pengadaan Perangkat Komputer
                              •   Update GMF Spirit, Apresiasi Hari Raya dan Kebijakan SDM
                              •   Briefing, Roundtable Discussion, and Open Items
                              •   Update on Vendor Obligation Payment Restructuring
                              •   Approval for Computer Equipment Procurement
                              •   Update on GMF Spirit, Holiday Appreciation, and HR Policies
     13 Maret 2024            •   Briefing, Roundtable Discussion and Open Items
     March 13, 2024           •   Update Equity Improvement Program
                              •   Persetujuan Pendanaan Maintenance GA
                              •   Briefing, Roundtable Discussion, and Open Items
                              •   Update on Equity Improvement Program
                              •   Approval for GA Maintenance Funding
     18 Maret 2024            •   Briefing, Roundtable Discussion and Open Items
     March 18, 2024           •   Update Penanganan Scrap Engine
                              •   Update status Inventory Propose to Sale Dinas Narrow Body Base Maintenance
                              •   Persetujuan Pengadaan Laptop dan Seragam
                              •   Briefing, Roundtable Discussion, and Open Items
                              •   Update on Scrap Engine Handling
                              •   Update on Inventory Status Proposed for Sale of Narrow Body Base Maintenance Unit
                              •   Approval for Laptop and Uniform Procurement




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                                                  Risalah Rapat Internal Direksi
                                                     Minutes of Internal Meeting

            Tanggal Rapat                                                   Agenda Rapat
            Meeting Date                                                   Meeting Agenda
    1 April 2024                •   Briefing, Roundtabe Discussion dan Open Item
    April 1, 2024               •   Update Pengadaan Aircraft Towing Truck Wide Body (ATW) dan Air Starter Unit (ASU)
                                •   Update Konsesi Station Kualanamu (KNO) dengan PT Angkasa Pura Aviasi (AVI)
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Update on Aircraft Towing Truck Wide Body (ATW) and Air Starter Unit (ASU)
                                •   Procurement Update on Kualanamu (KNO) Station Concession with PT Angkasa Pura Aviasi (AVI)
    30 April 2024               •   Briefing, Roundtable Discussion and Open Items
    April 30, 2024              •   Persetujuan Pelaksanaan Penambahan Modal dengan Hak Memesan Efek Terlebih Dahulu ("PMHEMTD")
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Approval for the Implementation of Capital Increase with Pre-emptive Rights (“PMHEMTD”)
    6 Mei 2024                  •   Briefing, Roundtables Discussion dan Open Item
    May 6, 2024                 •   Persetujuan Penunjukan Langsung PT BRI Danareksa Sekuritas sebagai Sekuritas pada Penambahan
                                    Modal dengan Hak Memesan Efek Terlebih Dahulu
                                •   Persetujuan Usulan dan Design Pemanfaatan Lahan Samping Selatan Masjid
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Approval for the Direct Appointment of PT BRI Danareksa Sekuritas as the Underwriter for the Capital
                                    Increase with Pre-emptive Rights
                                •   Approval for Proposal and Design of Land Utilization on the South Side of the Mosque
    14 Mei 2024                 •   Briefing, Roundtables Discussion dan Open Item
    May 14, 2024                •   Pengajuan Usulan Re-Layouting untuk Reaktivasi Fasilitas Daycare
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Proposal Submission for Re-layout to Reactivate Daycare Facility
    20 Mei 2024                 •   Briefing, Roundtables Discussion dan Open Item
    May 20, 2024                •   Update Organisasi NDT
                                •   Update Pelaksanaan Penambahan Modal dengan Hak Memesan Efek Terlebih Dahulu (PMHMETD)
                                •   Update Pengadaan Pondasi dan Portal Hangar Door
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Update on NDT Organization
                                •   Update on the Implementation of Capital Increase with Pre-emptive Rights (PMHMETD)
                                •   Update on Hangar Door Foundation and Portal Procurement
    27 Mei 2024                 •   Briefing, Roundtables Discussion dan Open Item
    May 27, 2024                •   Update Program Leader Development
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Update on Leader Development Program
    3 Juni 2024                 •   Briefing, Roundtables Discussion dan Open Item
    June 3, 2024                •   Update Case ER-BAE
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Update on ER-BAE Case
    25 Juni 2024                •   Briefing, Roundtables Discussion dan Open Item
    June 25, 2024               •   Update Pelaksanaan Penambahan Modal dengan Hak Memesan Efek Terlebih Dahulu (PMHMETD)
                                •   Update dan Persetujuan Perpanjangan Kerjasama Asuransi Kesehatan Mandiri Inhealth
                                •   Update Penyelesaian Tagihan Bruto/Progress Billing dan Proses Penyelesaian
                                •   Update Prosedur Risk Management Lindung Nilai (Hedging)
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Update on the Implementation of Capital Increase with Pre-emptive Rights (PMHMETD)
                                •   Update and Approval on Extension of Health Insurance Cooperation with Mandiri Inhealth
                                •   Update on Settlement of Gross Billing/Progress Billing and Completion Process
                                •   Update on Risk Management Procedures for Hedging
    1 Juli 2024                 •   Briefing, Roundtables Discussion dan Open Item
    July 1, 2024                •   Update Kebijakan Perjalanan Dinas Darat dan Tunjangan Transportasi
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Update on Land Travel Policy and Transportation Allowance
    8 Juli 2024                 •   Briefing, Roundtables Discussion dan Open Item
    July 8, 2024                •   Update Penunjukan Konsultan dan Trainer sebagai Tindaklanjut Hasil Audit EASA
                                •   Update Kerjasama Penyediaan Independent Power Producer (IPP) Asaku dan Facility Management
                                    Overview
                                •   Briefing, Roundtable Discussion, and Open Items
                                •   Update on Consultant and Trainer Appointment as Follow-Up to EASA Audit Results
                                •   Update on Independent Power Producer (IPP) Provision Collaboration and Facility Management Overview




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                                                            Risalah Rapat Internal Direksi
                                                                Minutes of Internal Meeting

              Tanggal Rapat                                                             Agenda Rapat
              Meeting Date                                                             Meeting Agenda
     5 Agustus 2024                     •   Briefing, Roundtable Discussion dan Open Item
     August 5, 2024                     •   Persetujuan Pengadaan Kantor Akuntan Publik
                                        •   Update Cashflow
                                        •   Briefing, Roundtable Discussion, and Open Items
                                        •   Approval for Public Accountant Firm Procurement
                                        •   Update on Cash Flow
     14 Oktober 2024                    Briefing, Roundtable Discussion dan Open Item
     October 14, 2024
     4 November 2024                    •   Briefing, Roundtable Discussion dan Open Item
     November 4, 2024                   •   Update dan Persetujuan Pengadaan Integrated Facility Management
                                        •   Update Hasil Assessment Risk Maturity Index, Risk Strategy 2025 dan Top Risk 2025
                                        •   Briefing, Roundtable Discussion, and Open Items
                                        •   Update and Approval for Integrated Facility Management
                                        •   Procurement Update on Risk Maturity Index Assessment Results, Risk Strategy 2025, and Top Risks 2025
     18 November 2024                   Briefing, Roundtable Discussion dan Open Item
     November 18, 2024
     2 Desember 2024                    Briefing, Roundtable Discussion dan Open Item
     December 2, 2024


    PENGUNGKAPAN HUBUNGAN AFILIASI                                                DISCLOSURE OF AFFILIATION AMONG BOARD
    DEWAN KOMISARIS DAN DIREKSI                                                   OF COMMISSIONERS AND DIRECTORS

    Pengungkapan hubungan afiliasi mencakup hubungan keluarga                     Affiliated relations include family and financial relationships.
    dan hubungan keuangan. Bentuk hubungan keuangan termasuk                      The financial relationships are accounts receivable, business
    di antaranya hutang-piutang, kerja sama bisnis, karyawan dan                  cooperation, employees and companies, and so on. The family
    perusahaan, dan sebagainya. Sedangkan bentuk hubungan                         relationship includes special relationships of blood ties such
    keluarga mencakup hubungan istimewa terutama yang                             as husband/wife/children/parents/siblings/in-laws, and so on.
    disebabkan hubungan pertalian darah seperti suami/istri/anak/
    orang tua/saudara kandung/ipar, dan sebagainya.


                                               Hubungan Afiliasi                                 Kepengurusan pada Perusahaan/Institusi Lain
                                                  Affiliation                                           Position in Other Companies

                                                                        Pemegang                                   Sebagai
       Nama dan Posisi                                                                           Sebagai
                                 Dewan                                 Saham Utama                              Anggota Dewan
      Name and Position                              Direksi                                  Anggota Direksi
                                Komisaris                             dan Pengendali                              Komisaris          Jabatan Lainnya
                                                    Board of                                    As member
                                 Board of                                Major and                                As Member           Other Position
                                                    Directors                                   of Board of
                              Commissioners                             Controlling                               of Board of
                                                                                                 Directors
                                                                       Shareholders                             Commissioners

     Dewan Komisaris
     Board of Commissioners

     Dharmadi                       x                   x                     x                      x                 x                       ✓
     Komisaris Utama
     President
     Commissioner
     Rahmat Hanafi                  x                   x                    ✓                      ✓                  x                       x
     Komisaris
     Commissioner
     Ali Gunawan                    x                   x                     x                     ✓                 ✓                        x
     Komisaris
     Independen
     Independent
     Commissioner
     Abhan                          x                   x                     x                      x                 x                       x
     Komisaris
     Independen
     Independent
     Commissioner




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                                                     Hubungan Afiliasi                       Kepengurusan pada Perusahaan/Institusi Lain
                                                        Affiliation                                 Position in Other Companies

                                                                           Pemegang                            Sebagai
     Nama dan Posisi                                                                         Sebagai
                                   Dewan                                  Saham Utama                       Anggota Dewan
    Name and Position                                       Direksi                       Anggota Direksi
                                  Komisaris                              dan Pengendali                       Komisaris     Jabatan Lainnya
                                                           Board of                         As member
                                   Board of                                 Major and                         As Member      Other Position
                                                           Directors                        of Board of
                                Commissioners                              Controlling                        of Board of
                                                                                             Directors
                                                                          Shareholders                      Commissioners
    Agit Atriantio                      x                       x              x                 x                x                ✓
    K o m i s a r i s
    Independen
    Independent
    Commissioner

    Direksi
    Board of Directors

    Andi Fahrurrozi                     x                       x              x                 x                x                 x
    Direktur Utama
    CEO
    Irvan Pribadi                       x                       x              x                 x                x                 x
    Direktur Base
    Operation
    Director of Base
    Operations
    Pudjo Sarwoko                       x                       x              x                 x               ✓                  x
    Direktur Human
    Capital & Corporate
    Affairs
    Director of Human
    Capital & Corporate
    Affairs
    Salusra Satria                      x                       x              x                 x                x                 x
    Direktur Keuangan
    Director of Finance
    Mukhtaris                           x                       x              x                 x                x                 x
    Direktur Line
    Operation
    Director of Line
    Operation
    *) Keterangan | Notes:
    v = terdapat adanya hubungan | there is a relationship
    x = tidak terdapat adanya hubungan | there is no relationship




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                                                                                                                   Corporate Governance




    RANGKAP JABATAN DEWAN KOMISARIS                                        CONCURRENT POSITION OF THE
    Kebijakan rangkap jabatan Dewan Komisaris telah diatur dalam           The concurrent policy for the Board of Commissioners refers
    Anggaran Dasar dan Pedoman Dewan Komisaris. Seluruh                    to the Articles of Association and the Board of Commissioners
    Dewan Komisaris Perseroan pada waktu bersamaan tidak                   Manual. The Company’s Board of Commissioners is not allowed
    diperbolehkan merangkap jabatan dengan ketentuan sebagai               to hold concurrent positions as follow:
    berikut:
    1. Mempunyai jabatan sebagai anggota Direksi BUMN, Badan               1. Having a position as a member of the Directors of SOEs,
        Usaha Milik Daerah (BUMD), Badan Usaha Milik Swasta,                  Regionally Owned Enterprises (BUMD), Business Entities
        kecuali rangkap jabatan sebagai Direksi pada BUMN yang                Private owned, except for concurrent positions as Directors
        merupakan pemegang saham pengendali Perseroan atau                    of BUMN that are the holders Company’s controlling shares
        apabila diatur lain oleh peraturan perundang-undangan;                or if regulated other by statutory regulations;
    2. Mempunyai jabatan sebagai pengurus partai politik dan/              2. Has a position as a manager of a political party and/or
        atau anggota legislative dan/atau calon kepala daerah/                legislative members and/or candidates for head region/
        wakil kepala daerah;                                                  deputy head of region;
    3. Mempunyai jabatan lainnya sesuai dengan ketentuan                   3. Having other positions in accordance with the provisions
        peraturan perundang-undangan; dan/atau                                of the legislation; and/or
    4. Mempunyai jabatan lain yang dapat menimbulkan benturan              4. Having another position that can give rise to conflict of
        kepentingan.                                                          interest.
    5. Anggota Dewan Komisaris dapat merangkap jabatan                     5. Members of the Board of Commissioners can concurrently
        sebagai:                                                              position as:
        a. Anggota Direksi paling banyak pada 2 (dua) Emiten                  a. Members of the Board of Directors are no more than 2
           atau Perusahaan Publik lain; dan                                        (two) Issuers or other public companies; and
        b. Anggota Dewan Komisaris paling banyak pada 2 (dua)                 b. Members of the Board of Commissioners are at most
           Emiten atau Perusahaan Publik lain.                                     2 (two) Issuers or other Public Companies.

    Pada tahun 2023, terdapat 4 (empat) orang anggota Dewan                In 2023, there was 4 (four) members of the Company's Board of
    Komisaris Perseroan yang mempunyai jabatan rangkap pada                Commissioners who held a concurrent position in a subsidiary,
    anak perusahaan, perusahaan patungan, dan/atau perusahaan              joint venture, and/or other companies.
    lain.


              Nama          Jabatan pada Anak Perusahaan, Perusahaan Patungan, dan/atau Perusahaan lain                       Periode
              Name                   Position in Subsidiaries, Joint Ventures, and/or other Companies                         Period
     Dharmadi               Wakil Sekretaris Jenderal Indonesia National Air Carriers Association                        2022 - sekarang
                            Anggota Komisaris Flybest Flight Academy                                                      2022 - present
                            Deputy Secretary General of the Indonesia National Air Carriers Association
                            Member of Commissioner Flybest Flight Academy                                                2022 - sekarang
                                                                                                                          2022 - present
     Rahmat Hanafi          Direktur Teknik PT Garuda Indonesia (Persero) Tbk                                            2020 - sekarang
                            Director of Technic PT Garuda Indonesia (Persero) Tbk                                         2020 - present
     Agit Atriantio         Asisten Khusus Menteri Kelautan dan Prikanan (KKP)                                           2021 - sekarang
                            Special Assistant to the Minister of Maritime Affairs and Fisheries                          2021 - present
     Ali Gunawan            Komisaris PT Allo Bank Indonesia Tbk                                                         2021 - sekarang
                            Komisaris Utama PT Asuransi Umum Mega                                                        2011 - sekarang
                            Pengendali Keuangan Grup PT CT Corpora                                                       2004 - sekarang
                            Commissioner of PT Allo Bank Indonesia Tbk                                                    2021 - present
                            President Commissioner of PT Asuransi Umum Mega                                               2011 - present
                            Group Financial Controller PT CT Corpora                                                      2004 - present

                                                                           BOARD OF COMMISSIONERS
    RANGKAP JABATAN DIREKSI
    Sebagaimana diatur dalam Anggaran Dasar dan Pedoman                    Concurrent Position of the Board of Directors
    Direksi, anggota Direksi GMF dilarang merangkap jabatan                As stipulated in the Articles of Association and Guidelines
    sebagai:                                                               for Directors, members of the GMF Directors are prohibited
    1. Anggota Direksi pada BUMN, Badan Usaha Milik Daerah                 concurrently serving as:
       (BUMD), dan badan usaha milik swasta;                               1. Member of the Board of Directors of SOEs, Owned
                                                                               Enterprises Regions (“BUMD”), and private-owned business
    2. Anggota Dewan Komisaris/Dewan Pengawas pada Badan                       entities;
       Usaha Milik Swasta;                                                 2. Members of the Board of Commissioners/Supervisory




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   3. Jabatan struktural dan fungsional lainnya pada instansi/            Board in Private Enterprises;
      lembaga pemerintah pusat/dan/atau daerah;                        3. Other structural and functional positions in central
   4. Jabatan Jabatan lainnya sesuai dengan ketentuan dalam               government agencies/institutions/and/or area;
      peraturan perundang-undangan, pengurus partai politik            4. Other positions in accordance with the provisions in
      dan/atau calon/anggota legislative dan/atau calon kepala            statutory regulations, management political parties and/
      daerah, wakil kepala daerah; dan/atau;                              or candidates/legislative members and/or regional head,
   5. Jabatan lain yang berpotensi menimbulkan benturan                   deputy regional head candidates; and/or;
      kepentingan dengan perusahaan yang bersangkutan;                 5. Other positions that have the potential to cause conflicts
   6. Anggota Dewan Komisaris pada perusahaan swasta, kecuali:            of interest with that company concerned;
                                                                       6. Members of the Board of Commissioners of a private
      a. Anggota Dewan Komisaris pada Anak Perusahaan atau                company, except:
         perusahaan patungan antara Perseroan dengan pihak                a. Member of the Board of Commissioners of a
         lainnya, dengan ketentuan hanya berhak atas akumulasi                 Subsidiary or a joint venture between the Company
         penghasilan sebagai anggota Dewan Komisaris pada                      with other parties, with provisions only is entitled to
         satu atau lebih Anak Perusahaan/Perusahaan patungan                   the accumulation of income as a member of the Board
         maksimal sebesar 30% (tiga puluh persen dari gaji                     of Commissioners at one or more Subsidiaries/Joint
         anggota Direksi yang bersangkutan di Perseroan,                       ventures a maximum of 30% (thirty percent of salary the
         sedangkan penghasilan lain atau selebihnya diserahkan                 relevant Directors in the Company, while other income
         menjadi penghasilan Perseroan;                                        or the rest turned over to the Company’s income;
      b. Anggota Dewan Komisaris untuk mewakili atau
         memperjuangkan kepentingan Perseroan (seperti                     b. Members of the Board of Commissioners to represent
         pada PT Bursa Efek Indonesia) atau anggota Dewan                     or fight for the interests of the Company (such as on PT
         Komisaris karena kewajiban yang ditentukan oleh                      Indonesia Stock Exchange) or members The Board of
         peraturan perundang-undangan.                                        Commissioners because of its obligations determined
                                                                              by statutory regulations.
   Pada tahun 2023, terdapat seorang anggota Direksi Perseroan
   yang mempunyai jabatan rangkap pada anak perusahaan,                In 2023, there was a member of the Company's Board of
   perusahaan patungan, dan/atau perusahaan lain.                      Directors who held a concurrent position in a subsidiary, joint
                                                                       venture, and/or other companies.
                                    Jabatan pada Anak Perusahaan, Perusahaan Patungan, dan/atau
             Nama                                              Perusahaan lain                                        Periode
             Name                    Position in Subsidiaries, Joint Ventures, and/or other Companies                  Period

    Pudjo Sarwoko              Komisaris Utama PT Garuda Daya Pratama Sejahtera (GDPS)                       2023 - sekarang
                               President Commissioner of PT Garuda Daya Pratama Sejahtera (GDPS)             2023 - present



   PENGUNGKAPAN KEPEMILIKAN SAHAM
   DEWAN KOMISARIS DAN DIREKSI                                         DISCLOSURE OF SHARE OWNERSHIP
                                                                       AMONG THE BOARD OF COMMISSIONERS
                                                                       AND DIRECTORS
   Kepemilikan saham anggota Dewan Komisaris dan Direksi, baik
   di GMF ataupun perusahaan lainnya senantiasa diungkapkan            Share ownership of members of the Board of Commissioners
   secara berkala melalui daftar kepemilikan saham anggota             and Board of Directors, whether at GMF or other companies,
   Dewan Komisaris dan Direksi. Seluruh anggota Dewan                  is always disclosed periodically through the share ownership
   Komisaris dan Direksi wajib menyampaikan transaksi pembelian        list of members of the Board of Commissioners and Board of
   dan penjualan surat berharga kepada Sekretaris Perusahaan           Directors. All members of the Board of Commissioners and
   Otoritas Jasa Keuangan (OJK) paling lambat 3 (tiga) hari sejak      Board of Directors must submit the securities transactions to
   terjadinya transaksi.                                               the Corporate Secretary of the Financial Services Authority
                                                                       (OJK) not more than 3 (three) days after the transaction date.
   Demi menjaga independensi, Komisaris Independen tidak
   diperkenankan, baik langsung maupun tidak langsung, memilikI        To maintain its independence, the Independent Commissioners
   saham GMF. Walaupun demikian, di sepanjang tahun 2022,              are not allowed, either directly or indirectly, to own GMF shares.
   setiap anggota Dewan Komisaris Perusahaan tercatat tidak            However, throughout 2022, each member of the Company's
   memiliki saham GMF.                                                 Board of Commissioners did not own any share at GMF.




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    Sedangkan sejumlah anggota Dewan Komisaris dan anggota
    Direksi tercatat memiliki saham GMF secara langsung melalui                Meanwhile, several members of the Board of Commissioners
    program Employee Stock Allocation (“ESA”) pada saat IPO GMF                and Directors have a direct share ownership of GMF through
    dan yang bersangkutan masih aktif sebagai pegawai GMF. Pada                the Employee Stock Allocation (“ESA”) program during GMF’s
    tahun 2024, terdapat perubahan kepemilikan saham GMF oleh                  IPO and they are still active as GMF employees. In 2024, there
    anggota Direksi dan perubahan kepemilikannya telah disajikan               was a change in GMF share ownership by members of the Board
    pada Bab Profil Perusahaan dalam Laporan Terintegrasi ini.                 of Directors, and the change in ownership has been presented
                                                                               in the Company Profile chapter of this Integrated Report.
                                   Kepemilikan Saham Dewan Komisaris dan Direksi Per 31 Desember 2024
                                   Share Ownership of the Board of Commissioners and Directors as of December 31, 2024
                                                                                     Kepemilikan Saham
                                                                                      Share Ownership
               Nama dan Posisi
              Name and Position                                                     PT Garuda Indonesia             Perusahaan Lain (di atas 5%)
                                                          GMF
                                                                                       (Persero) Tbk                Other Company (above 5%)

     Dewan Komisari
     Board of Commissioners

     Dharmadi                               Nihil                              Nihil                               Nihil
     Komisaris Utama                        None                               None                                None
     President Commissioner
     Rahmat Hanafi                          Nihil                              3,846,004 lembar saham | shares     Nihil
     Komisaris                              None                                                                   None
     Commissioner
     Ali Gunawan                            Nihil                              Nihil                               Nihil
     Komisaris Independen                   None                               None                                None
     Independent Commissioner
     Abhan                                  Nihil                              Nihil                               Nihil
     Komisaris Independen                   None                               None                                None
     Independent Commissioner
     Agit Atriantio                         Nihil                              Nihil                               Nihil
     Komisaris Independen                   None                               None                                None
     Independent Commissioner

     Direksi
     Board of Directors

     Andi Fahrurrozi                        144,400 lembar saham | shares      Nihil                               Nihil
     Direktur Utama                                                            None                                None
     CEO
     Irvan Pribadi                          62,800 lembar saham | shares       Nihil                               Nihil
     Direktur Base Operation                                                   None                                None
     Director of Base Operations
     Pudjo Sarwoko                      89,200 lembar saham | shares           Nihil                               Nihil
     Direktur Human Capital & Corporate                                        None                                None
     Affairs
     Director of Human Capital &
     Corporate Affairs
     Salusra Satria                         Nihil                              Nihil                               Nihil
     Direktur Keuangan                      None                               None                                None
     Director of Finance
     Mukhtaris                              Nihil                              25,460 lembar saham | shares        275,000 lembar saham | shares
     Direktur Line Operation                None
     Director of Line Operation




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   KEBIJAKAN PEMBERIAN PINJAMAN                                    LOAN POLICY FOR THE BOARD OF
   BAGI DEWAN KOMISARIS DAN DIREKSI                                COMMISSIONERS AND DIRECTORS

   Sebagaimana diatur dalam Piagam Dewan Komisaris dan             As stipulated in both Manual of the Board of Commissioners and
   Piagam Direksi, Perseroan tidak memberikan fasilitas pinjaman   Directors, the Company does not provide loan facilities to either
   kepada anggota Dewan Komisaris dan Direksi dalam menjaga        of them ensuring the maintenance of GCG implementation.
   implementasi GCG.

   KEBIJAKAN PENGUNDURAN DIRI                                      POLICIES ON RESIGNATION OF
   DEWAN KOMISARIS DAN DIREKSI                                     THE BOARD OF COMMISSIONERS
   APABILA TERLIBAT DALAM                                          AND BOARD OF DIRECTORS IF
   KEJAHATAN KEUANGAN                                              INVOLVED IN FINANCIAL CRIMES

   Sebagaimana diatur dalam Piagam Dewan Komisaris dan             As stipulated in both Manual of the Board of Commissioners and
   Piagam Direksi, anggota Dewan Komisaris dan Direksi yang        Directors, members who are proven to be involved in financial
   telah terbukti terlibat dalam kejahatan keuangan melalui        crimes and are convicted by the legal authority, are required
   penetapan status terpidana dari pihak yang berwenang,           to resign from their positions. The financial crimes referred to
   wajib mengundurkan diri dari jabatannya. Adapun kejahatan       include manipulation and various forms of embezzlement in
   keuangan yang dimaksud seperti manipulasi dan berbagai          financial services activities, as well as criminal acts of money
   bentuk penggelapan dalam kegiatan jasa keuangan serta           laundering as outlined in Law Number 8 of 2010 concerning
   Tindakan Pidana Pencucian Uang sebagaimana dimaksud dalam       Prevention and Eradication of the Crime of Money Laundering.
   Undang-Undang Nomor 8 Tahun 2010 tentang Pencegahan dan
   Pemberantasan Tindak Pidana Pencucian Uang.




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                                                       Sekretaris Dewan Komisaris
                                                  Secretary to the Board of Commissioners


    Sekretaris Dewan Komisaris merupakan organ pendukung                 The Secretary to the Board of Commissioners is the Board’s
    Dewan Komisaris yang bertugas memastikan Dewan Komisaris             supporting organ to ensure that the Board applies the best
    menerapkan prinsip-prinsip GCG sesuai dengan best practices          practice of GCG principles according to the prevailing laws and
    dan peraturan perundang-undangan yang berlaku. Selain itu,           regulations. The Secretary to the Board of Commissioners has to
    Sekretaris Dewan Komisaris juga mempunyai tugas dan fungsi           carry out administrative and secretarial activities of the Board
    untuk melakukan kegiatan administrasi dan kesekretariatan            as the supervisor of the Company's management.
    sesuai fungsi Dewan Komisaris sebagai pengawas pengelolaan
    Perseroan.

    MASA JABATAN                                                         TERM OF OFFICE

    Sekretaris Dewan Komisaris memiliki masa jabatan 3 (tiga)            The Secretary to the Board of Commissioners has a 3 (three)
    tahun terhitung sejak Surat Keputusan yang mengangkatnya,            year period since his appointment Decree and can be extended
    dan dapat diperpanjang 2 (dua) tahun. Dewan Komisaris                for 2 (two) more term. The Board of Commissioners has the
    memiliki hak untuk memberhentikan sekretarisnya sewaktu-             right to dismiss its secretary at any time as regulated.
    waktu sesuai dengan ketentuan yang berlaku.



    PROFIL SEKRETARIS DEWAN KOMISARIS                                    PROFILE OF THE SECRETARY TO THE
                                                                         BOARD OF COMMISSIONERS

    Sekretaris Dewan Komisaris dijabat oleh Yogi Aditama, yang           The Secretary of the Board of Commissioners is Yogi Aditama,
    diangkat berdasarkan Surat Keputusan Dewan Komisaris No.             who was appointed based on the Decree of the Board of
    DEKOM-GMF/SKEP/5001/20 dan kemudian dilakukan masa                   Commissioners No. DEKOM-GMF/SKEP/5001/20 and then
    perpanjangan sebagai Sekretaris Dewan Komisaris berdasarkan          extended as Secretary of the Board of Commissioners based on
    Surat Keputusan Dewan Komisaris No. DEKOM-GMF/                       the Decree of the Board of Commissioners No. DEKOM-GMF/
    SKEP/5001/23 dengan masa jabatan 2 (dua) tahun.                      SKEP/5001/23 with a term of office of 2 (two) years.


     Yogi Aditama
     Sekretaris Dewan Komisaris
     Secretary to the Board of Commissioners
     Periode Jabatan           Periode jabatan pertama yang berlaku 2020-2023, dan diperpanjang untuk periode kedua yaitu 2023-2025.
     Period                    Serving his first term from 2020 to 2023, and extended from 2023 until 2025.
     Data Pribadi              Warga Negara Indonesia | Indonesian Citizen
     Personal Data             Usia 34 tahun | 34 years old
                               Kelahiran Kediri, 14 November 1990 | Born in Kediri, November 14, 1990
     Domisili                  Tangerang, Banten, Indonesia
     Domicile
     Pendidikan                Magister (S2) Ilmu Hukum, Universitas Indonesia
     Education                 Master’s Degree in Law from the University of Indonesia
     Pengalaman Kerja          • SM Subsidiaries & Affiliations—PT Garuda Indonesia (Persero) Tbk (2022-sekarang)
     Work Experience           • GCG Analyst—PT Garuda Indonesia (Persero) Tbk (2019-2022)
                               • Corporate Governance Analyst—PT GMF Aero Asia Tbk (2019-2020)
                               • GCG Compliance Officer—PT GMF Aero Asia Tbk (2017-2018)
                               • GCG Analyst—PT GMF Aero Asia Tbk (2018)
                               • Legal Officer—PT GMF Aero Asia (2014-2017)
                               • SM Subsidiaries & Affiliations—PT Garuda Indonesia (Persero) Tbk (2022-present)
                               • GCG Analyst—PT Garuda Indonesia (Persero) Tbk (2019-2022)
                               • Corporate Governance Analyst—PT GMF Aero Asia Tbk (2019-2020)
                               • GCG Compliance Officer—PT GMF Aero Asia Tbk (2017-2018)
                               • GCG Analyst—PT GMF Aero Asia Tbk (2018)
                               • Legal Officer—PT GMF Aero Asia (2014-2017)



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    Latar Belakang Pendidikan      Pelatihan dan Workshop:
    dan/atau Sertifikasi Profesi   • Professional Commissioners Program (15-16 Februari 2025), PT Garuda Indonesia (Persero) Tbk
    yang Berlaku                   • Workshop Subsidiary Governance (19-20 September 2024), PT Dinamika Pasifik Solusindo (“DPS Consulting”)
    Educational Background         • Training Finnon: Understanding Financial Statement (2-4 Oktober 2024), PPM Manajemen
    and/or Valid Professional
    Certificates                   Sertifikasi:
                                   • Pendidikan Profesi Konsultan Hukum Pasal Modal Dasar 1
                                   • Certified Governance Professional
                                   • Certified Risk Management Officer
                                   Training and Workshop:
                                   • Professional Commissioners Program (15-16 Februari 2025), PT Garuda Indonesia (Persero) Tbk
                                   • Workshop Subsidiary Governance (19-20 September 2024), PT Dinamika Pasifik Solusindo (“DPS Consulting”)
                                   • Training Finnon: Understanding Financial Statement (2-4 Oktober 2024), PPM Manajemen

                                   Certification:
                                   • Legal Consultant Professional Education Article Basic Capital 1
                                   • Certified Governance Professional
                                   • Certified Risk Management Officer


   TUGAS DAN TANGGUNG JAWAB                                                   DUTIES AND RESPONSIBILITIES
   SEKRETARIS DEWAN KOMISARIS                                                 OF THE SECRETARY TO THE
                                                                              BOARD OF COMMISSIONERS

   Dalam melaksanakan tugasnya, Sekretaris Dewan Komisaris                    In carrying out its duties, the Secretary to the Board of
   mengacu pada Pedoman Kerja yang tercantum dalam Pedoman                    Commissioners refers to the Guidelines listed in the Guidelines
   Direksi dan Dewan Komisaris, dengan tugas dan tanggung                     in the Board Manual as follows:
   jawab sebagai berikut:
   1. Mengkoordinasikan pengurusan komunikasi dan                             1. Coordinating the management of communication and
      penyelenggaraan administrasi Dewan Komisaris dan                           administration of the Board of Commissioners and the
      kesekretariatan Dewan Komisaris sesuai hukum dan prinsip                   Secretariat of the Board of Commissioners in accordance
      GCG;                                                                       with the law and GCG principles;
   2. Mempersiapkan keputusan terhadap usulan perbuatan                       2. Prepare a decision on the proposed legal actions of the
      hukum Direksi yang memerlukan persetujuan tertulis                         Board of Directors that require written approval from the
      Dewan Komisaris;                                                           Board of Commissioners;
   3. Mempersiapkan materi awal dalam hal nasihat yang akan                   3. Prepare preliminary material in terms of advice to be
      disampaikan oleh Dewan Komisaris kepada Direksi;                           submitted by the Board of Commissioners to the Board
                                                                                 of Directors;
   4. Mempersiapkan pendapat dan saran (tanggapan) Dewan                      4. Prepare the opinions and suggestions (responses) of the
      Komisaris yang akan disampaikan kepada Rapat Umum                          Board of Commissioners which will be submitted to the
      Pemegang Saham mengenai RJPP, RKAP dan Laporan                             General Meeting of Shareholders regarding RJPP, RKAP
      Tahunan;                                                                   and Annual Report;
   5. Mempersiapkan tugas Dewan Komisaris dalam menyusun                      5. Prepare the duties of the Board of Commissioners in
      program kerja tahunan dan dimasukkan ke dalam RKAP;                        preparing the annual work program and incorporated into
                                                                                 the RKAP;
   6. Mempersiapkan usulan Dewan Komisaris kepada RUPS                        6. Prepare the Board of Commissioners’ proposal to the GMS
      mengenai Akuntan Publik yang akan digunakan oleh                           regarding Public Accountants to be used by the Company;
      Perseroan;
   7. Membuat risalah rapat Dewan Komisaris dan menyampaikan                  7. Make minutes of Board of Commissioners’ meetings and
      aslinya kepada Perseroan serta menyimpan salinannya;                       submit the originals to the Company and keep a copy of
                                                                                 them;
   8. Mempersiapkan materi laporan tentang tugas pengawasan                   8. Preparing report material about the supervisory tasks that
      yang telah dilakukan oleh Dewan Komisaris selama tahun                     have been carried out by the Board of Commissioners during
      buku terkait pada RUPS;                                                    the relevant fiscal year at GMS;
   9. Mempersiapkan Panggilan Rapat Dewan Komisaris secara                    9. Prepare a Notice for the Meeting of the Board of
      tertulis yang ditandatangani oleh Komisaris Utama atau oleh                Commissioners in writing signed by the President
      anggota Dewan Komisaris yang ditunjuk oleh Komisaris                       Commissioner or by a member of the Board of Commissioners
      Utama dan disampaikan kepada Anggota Dewan Komisaris                       appointed by the President Commissioner and submitted to
      dalam jangka waktu paling lambat 3 (tiga) hari sebelum                     the Members of the Board of Commissioners no later than 3
      rapat diadakan atau dalam waktu yang lebih singkat jika                    (three) days before the meeting is held or in a shorter period
      dalam keadaan mendesak, dengan tidak memperhitungkan                       if in an emergency, not counting the date of the summons
      tanggal panggilan dan tanggal rapat;                                       and the date of the meeting;


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    10. Membuat risalah rapat yang memuat dinamika rapat           10. Make minutes of meeting containing the dynamics of the
        yang mencerminkan akuntabilitas setiap peserta rapat,          meeting that reflects the accountability of each meeting
        serta evaluasi terhadap pelaksanaan keputusan rapat            participant, as well as an evaluation of the implementation
        sebelumnya; dan                                                of the decisions of the previous meeting; and
    11. Melaksanakan kewajiban lainnya yang ditugaskan oleh        11. Carry out other obligations assigned by the Board of
        Dewan Komisaris.                                               Commissioners.

    PENGEMBANGAN KOMPETENSI                                        COMPETENCY DEVELOPMENT
    SEKRETARIS DEWAN KOMISARIS                                     FOR THE SECRETARY TO THE
                                                                   BOARD OF COMMISSIONERS

    Pada tahun 2024, Sekretaris Dewan Komisaris mengikuti          In 2024, the Secretary to the Board of Commissioners has
    sejumlah program pendidikan yang dapat dilihat pada bab        participated in several educational programs that are available
    Fungsi Penunjang Bisnis dalam Laporan Terintegrasi ini.        in the chapter of Business Support Function of this Integrated
                                                                   Report.

    KEBIJAKAN REMUNERASI                                           REMUNERATION POLICY

    Remunerasi Sekretaris Dewan Komisaris ditetapkan oleh          The Board of Commissioners determines the remuneration of its
    Dewan Komisaris dengan memperhatikan kemampuan                 secretary by paying attention to the Company's capabilities. The
    Perseroan. Besaran dan jenis penghasilan Sekretaris Dewan      amount and type of annual remuneration for the secretary are
    Komisaris selama setahun tidak lebih besar dari penghasilan    not greater than the income of other supporting bodies of the
    organ pendukung Dewan Komisaris lainnya. Besaran dan jenis     Board of Commissioners. The amount and type of remuneration
    penghasilan Sekretaris Dewan Komisaris terdiri dari:           of the Secretary to the Board of Commissioners consist of:
    1. Honorarium maksimal sebesar 8% (delapan persen) dari        1. An honorarium not more than 8% (eight percent) of the
       gaji Direktur Utama Perusahaan;                                 President Director’s salary;
    2. Fasilitas;                                                  2. Facilities;
    3. Tunjangan; dan/atau                                         3. Allowances; and/or
    4. Tantiem atau insentif kerja.                                4. Rewards or work incentives.

    LAPORAN PELAKSANAAN                                            REPORT OF 2024 DUTIES
    TUGAS TAHUN 2024

    Sekretaris Dewan Komisaris telah melakukan berbagai kegiatan   The Secretary to the Board of Commissioners has done various
    dalam mendukung pelaksanaan tugas pengawasan Dewan             activities in supporting the Board of Commissioners in terms of
    Komisaris dan menyampaikan laporan pelaksanaan tugasnya        supervision and submitted its work reports throughout 2024
    sepanjang tahun 2024, antara lain meliputi:                    as follows:
    1. Menyusun Rencana Kerja dan Anggaran (RKA) Dewan             1. Prepare the Work Plan and Budget (RKA) of the Board of
        Komisaris;                                                     Commissioners;
    2. Menyusun program pelatihan Dewan Komisaris;                 2. Developing a training programme for the Board of
                                                                       Commissioners;
    3. Mempersiapkan dan menghadiri kegiatan RUPS dalam            3. Preparing and attending GMS activities in the RKAP GMS
       RUPS RKAP dan RUPS Laporan Pertanggungjawaban                   and Annual Financial Accountability Report GMS;
       Keuangan Tahunan;
    4. Menyelenggarakan Rapat Internal Dewan Komisaris;            4. Organising internal meetings of the Board of Commissioners;

    5. Menyelenggarakan Rapat Dewan Komisaris dengan Direksi;      5. Organising the Board of Commissioners Meeting with the
                                                                      Board of Directors;
    6. Menyelenggarakan Rapat Dewan Komisaris dengan Komite        6. Organising the Board of Commissioners Meeting with the
       Dewan Komisaris;                                               Board of Commissioners Committee;
    7. Mengkoordinasikan anggota komite, jika diperlukan, dalam    7. Coordinating committee members, if necessary, in order to
       rangka memperlancar tugas Dewan Komisaris;                     expedite the duties of the Board of Commissioners;
    8. Membuat Risalah Rapat Dewan Komisaris dan                   8. Making Minutes of the Meeting of the Board of
       menyampaikan aslinya kepada Perusahaan serta                   Commissioners and submitting the original to the Company
       menyimpan salinannya;                                          and keeping a copy;
    9. Mempersiapkan materi laporan rutin kepada Pemegang          9. Preparing materials for regular reports to the Shareholders
       Saham tentang tugas pengawasan yang telah dilakukan            on the supervisory duties performed by the Board of
       oleh Dewan Komisaris;                                          Commissioners;


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   10. Menyusun, mempersiapkan dan melengkapi kelengkapan             10. Arrange, prepare and complete the GCG assessment of the
       GCG assessment aspek Dewan Komisaris;                              Board of Commissioners aspect;
   11. Mempersiapkan materi dan review dalam hal nasihat dan          11. Preparing materials and reviews in terms of advice and
       tanggapan yang akan disampaikan oleh Dewan Komisaris               responses to be submitted by the Board of Commissioners
       kepada Direksi; dan                                                to the Board of Directors; and
   12. Mempersiapkan keputusan terhadap usulan perbuatan              12. Preparing decisions on proposed legal actions of the Board
       hukum Direksi yang memerlukan persetujuan tertulis                 of Directors that require written approval from the Board
       Dewan Komisaris;                                                   of Commissioners.
   13. Memastikan bahwa Dewan Komisari mematuhi peraturan             13. Ensuring that the Board of Commissioners complies with
       perundang-undangan serta menerapkan prinsip tata kelola            laws and regulations and applies the principles of good
       perusahaan yang baik;                                              corporate governance;
   14. Memberikan informasi yang dibutuhkan oleh Dewan                14. Providing information required by the Board of
       Komisaris secara berkala dan/atau sewaktu-waktu apabila            Commissioners periodically and/or at any time upon
       diminta;                                                           request;
   15. Sebagai penghubung (liaison officer) Dewan Komisaris/          15. Serving as a liaison officer for the Board of Commissioners/
       Dewan Pengawas BUMN dengan pihak lain.                             Supervisory Board of SOEs with other parties.



           GMF memiliki sejumlah Komite yang berperan penting untuk memastikan keberlanjutan usaha, terutama dalam hal
        implementasi GCG terhadap manajemen risiko. Komite-komite tersebut memiliki Pedoman Kerja yang telah diunggah di
                                           website resmi GMF dan dapat diakses oleh publik.
          GMF owns several committees with important roles to support business sustainability, particularly in implementing GCG
       principles on risk management. Those Committees work according to the Charter as guideline that has been been uploaded to
                                        the official website of GMF and accessible for the public.


                                                              CLICK HERE




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                                                                                                               Tata Kelola Perusahaan
                                                                                                                Corporate Governance




                                                       Komite Audit dan Kebijakan
                                                           Corporate Governance
                                         Audit and Corporate Governance Committee

    Komite Audit dan Kebijakan Corporate Governance (KAKCG)            The Audit and Corporate Governance Committee (KAKCG)
    merupakan organ pendukung Dewan Komisaris yang bertugas            is the Board of Commissioners’ supporting body to provide
    untuk memberikan pendapat secara independen dan profesional        independent and professional opinions concerning internal
    mengenai pengendalian internal, keterbukaan, dan pelaporan         control, transparency, and financial report. KAKCG evaluates
    keuangan. KAKCG melakukan kajian terhadap akuntan publik           the public accountants and improves GCG practices concerning
    dan meningkatkan praktik GCG sehubungan dengan tugas dan           the Board of Commissioners’ supervisory duties and function.
    fungsi pengawasan Dewan Komisaris.

    Seluruh anggota KAKCG diangkat dan diberhentikan oleh              KAKCG members are appointed and dismissed by the Board
    Dewan Komisaris. KAKCG dibentuk dengan mengacu pada                of Commissioners. KAKCG was formed by referring to OJK
    Peraturan OJK No. 55/POJK.04/2015 tentang Pembentukan              Regulation No. 55/POJK.04/2015 concerning the Establishment
    dan Pelaksanaan Kerja Komite Audit.                                and Implementation of the Audit Committee's Work.



    MASA JABATAN                                                       TERM OF OFFICE

    KAKCG memiliki masa jabatan 3 (tiga) tahun terhitung sejak         The office period for KAKCG is set for 3 (three) years, starting
    Surat Keputusan yang mengangkatnya dan dapat diperpanjang          from the issuance of his appointment Decree with an extension
    satu kali selama 2 (dua) tahun masa jabatan. Dewan Komisaris       of another 2 (two) years. The Board of Commissioners has the
    memiliki hak untuk memberhentikan anggota komite sewaktu-          right to dismiss the committee’s members at any time as the
    waktu sesuai dengan ketentuan yang berlaku.                        regulation allows.



    KUALIFIKASI ANGGOTA                                                QUALIFICATIONS

    Pembentukan dan Susunan Keanggotaan:                               Formation and Composition:
    1. Komite Audit & GCG dibentuk dengan Keputusan Dewan              1. The Audit & GCG Committee is formed by Decision
       Komisaris dan bertanggung jawab kepada Dewan Komisaris.            Board of Commissioners and is responsible to Board of
    2. Komite Audit & GCG paling sedikit terdiri dari 3 (tiga) orang      Commissioners.
       anggota yang berasal dari Komisaris Independen dan Pihak        2. The Audit & GCG Committee consists of at least 3 (three)
       dari luar.                                                         members who come from Commissioners Independent
                                                                          and outside parties.
    3. Komite Audit & GCG merangkap Anggota yang merupakan             3. The Audit & GCG Committee is concurrently a Member is
       Komisaris Independen.                                              an Independent Commissioner.
    4. Anggota Audit & GCG lainnya merupakan Pihak yang                4. Other Audit & GCG members are parties from outside
       berasal dari luar Perusahaan.                                      the Company.

    Persyaratan Keanggotaan                                            Requirements
    1. Komisaris Independen:                                           1. Independent Commissioner:
       a. Komisaris Independen wajib memenuhi persyaratan                 a. Independent Commissioners must fulfill requirements
           sebagaimana diatur dalam Peraturan Otoritas Jasa                   as regulated Financial Services Authority Number 33/
           Keuangan Nomor 33/POJK. 04/2014 tentang Direksi                    POJK. 04/2014 concerning the Board of Directors and the
           Dan Dewan Komisaris Emiten atau Perusahaan Publik;                 Board of Commissioners of an Issuer or a public company;
    2. Anggota Audit & GCG:                                            2. Audit & GCG Members:
       a. Wajib memiliki integritas yang tinggi, kemampuan,               a. Must have high integrity, ability, knowledge, experience
           pengetahuan, pengalaman sesuai dengan bidang                       according to the field his job, and able to communicate
           pekerjaannya, serta mampu berkomunikasi dengan baik;               well;




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      b. Wajib memahami laporan keuangan, bisnis perusahaan               b. b. Must understand the company's financial statements,
         khususnya yang terkait dengan layanan jasa atau                     business business, especially those related to services
         kegiatan usaha Emiten atau Perusahaan Publik, proses                or services or business activities of the Issuer or Public
         audit, manajemen risiko, dan peraturan perundang-                   Company, the audit process, risk management, and the
         undangan di bidang Pasar Modal serta peraturan                      laws and regulations in the field of Capital Market and
         perundang-undangan terkait lainnya;                                 other related laws and other related laws and regulations;
      c. Wajib mematuhi kode etik Komite Audit yang ditetapkan            c. Must comply with the code of ethics of the Audit
         oleh Perseroan;                                                     Committee established by the Company;
      d. Bersedia meningkatkan kompetensi secara terus                    d. Willing to improve competence continuously through
         menerus melalui pendidikan dan pelatihan;                           education and training;
      e. Wajib memiliki paling sedikit 1 (satu) anggota yang              e. Required to have at least 1 (one) member with
         berlatar belakang pendidikan dan keahlian di bidang                 educational background and expertise in the field of
         akuntansi dan keuangan;                                             education background and expertise in the field of
                                                                             accounting and finance;
      f. Wajib memiliki paling sedikit 1 (satu) anggota yang              f. Required to have at least 1 (one) member who
         memahami industri/bisnis Perseroan;                                 understand the Company's industry/business;
      g. Dapat menyediakan waktu yang cukup untuk                         g. Can provide sufficient time to complete his/her duties;
         menyelesaikan tugasnya;
      h. Bukan merupakan orang dalam Kantor Akuntan Publik,               h. Not an insider of the Public Accounting Firm, Legal
         Kantor Konsultan Hukum, Kantor Jasa Penilai Publik                  Consultant Office, Public Appraisal Service Office or
         atau pihak lain yang memberi jasa asurans, jasa non-                other parties that provide assurance services, non-
         asurans, jasa penilai dan/atau jasa konsultasi lain kepada          assurance services, appraisal services and/or other
         Perseroan yang bersangkutan dalam waktu 6 (enam)                    consulting services to Company concerned within the
         bulan terakhir;                                                     last 6 (six) the last 6 (six) months;
      i. Bukan merupakan orang yang bekerja atau mempunyai                i. Not a person who works or has authority and
         wewenang dan tanggung jawab untuk merencanakan,                     responsibility for planning, leading, controlling, or
         memimpin, mengendalikan, atau mengawasi kegiatan                    supervising the activities of activities of the Company
         Perseroan tersebut dalam waktu 6 (enam) bulan                       within the last 6 (six) months last 6 (six months), except
         terakhir, kecuali Komisaris Independen;                             for Independent Commissioner;
      j. Tidak mempunyai saham langsung maupun tidak                      j. Has no direct or indirect shares directly or indirectly
         langsung pada Perseroan;                                            in the Company;
      k. Dalam hal anggota Komite Audit memperoleh saham                  k. In the event that a member of the Audit Committee
         Perseroan baik langsung maupun tidak langsung akibat                acquires shares Company either directly or indirectly as
         suatu peristiwa hukum, saham tersebut wajib dialihkan               a result of a legal event, the shares must be transferred
         kepada pihak lain dalam jangka waktu paling lama 6                  to other parties within a maximum period of 6 (six)
         (enam) bulan setelah diperolehnya saham tersebut;                   months after the acquisition of the shares;
      l. Tidak mempunyai hubungan afiliasi dengan anggota                 l. Has no affiliation with any member of the
         Dewan Komisaris, anggota Direksi, atau Pemegang                  m. members of the Board of Commissioners, members of
         Saham Utama Perseroan; dan                                          the Board of Directors, or Major of the Company; and
      m. Tidak mempunyai hubungan usaha baik langsung                     n. m. Has no business relationship, either directly or
         maupun tidak langsung yang berkaitan dengan kegiatan                indirectly related to the business activities of the Issuer
         usaha Emiten atau Perusahaan Publik.                                or Public Company.

   KOMPOSISI ANGGOTA KAKCG TAHUN 2024                                 COMPOSITION OF KAKCG MEMBERS IN 2024

           Nama                  Jabatan                          Dasar Pengangkatan                          Masa Jabatan
           Name                  Position                         Basis of Appointment                        Term of Office
    Ali Gunawan       Ketua/Komisaris                 SK DEKOM-GMF/SKEP/5002/21 tanggal 23          Mengikuti masa jabatan sebagai
                      Independen                      September 2021                                Komisaris Independen
                      Chair/Independent               SK DEKOM-GMF/SKEP/5002/21 dated               Followed his term as Independent
                      Commissioner                    September 23, 2021                            Commissioner
    Dodi Yasendri     Anggota                         SK DEKOM-GMF/SKEP/5002/24 tanggal 4           24 September 2024 s.d 24
                      Member                          Oktober 2024                                  September 2026
                                                      SK DEKOM-GMF/SKEP/5002/24 dated October       September 24, 2024 to September
                                                      4, 2024                                       23, 2026




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           Nama                    Jabatan                         Dasar Pengangkatan                               Masa Jabatan
           Name                    Position                        Basis of Appointment                             Term of Office
     E d w a r d O k k y Anggota                       SK DEKOM-GMF/SKEP/5002/23 tanggal 05             5 Juli 2023 s.d 5 Juli 2026
     Avianto             Member                        Juli 2023                                        July 5, 2023 until July 5, 2026
                                                       Decree DEKOM-GMF/SKEP/5002/23 dated July
                                                       5, 2023


    PROFIL ANGGOTA KAKCG                                                PROFILE OF KAKCG MEMBERS

    Profil Ketua KAKCG, Ali Gunawan, dapat dilihat di profil            The KAKCG Chair profile, Ali Gunawan, is available in the Board
    Dewan Komisaris pada bab Profil Perusahaan dalam Laporan            of Commissioners’s Profile in the Company Profile chapter of
    Terintegrasi ini.                                                   this Integrated Report.



     Dodi Yasendri
     Anggota KAKCG
     KAKCG Member
     Data Pribadi                             Warga Negara Indonesia | Indonesian Citizens
     Personal Data                            Usia 64 tahun | 64 years old
                                              Kelahiran Jember, 21 April 1960 | Born in Jember, April 21, 1960
     Pendidikan                               Sarjana Teknik, Jurusan Mechanical Engineering dari Institut Teknologi Sepuluh Nopember (1985)
     Education                                Bachelor of Engineering, Majoring in Mechanical Engineering from the Sepuluh Nopember
                                              Institute of Technology (1985)
     Pengalaman Kerja                         • Executive Program Manager (2016-2019)
     Work Experience                          • Vice President Component Services (2015-2016)
                                              • Vice President Engineering Services (2013-2015)


                                                          Edward Okky Avianto
                                                            Anggota KAKCG
                                                            KAKCG Member
     Data Pribadi                             Warga Negara Indonesia | Indonesian Citizens
     Personal Data                            Usia 58 tahun | 58 years old
                                              Kelahiran Bandung, 23 Oktober 1966 | Born in Bandung, October 23, 1966
     Pendidikan                               Sarjana, Jurusan Administrasi Niaga dari Universitas Katolik Parahyangan (1993)
     Education                                Bachelor of Commerce Administration from Parahyangan Catholic University (1993)
     Pengalaman Kerja                         • Komisaris PT Garuda Daya Pratama Sejahtera (2021-2023)
     Work Experience                          • Direktur Keuangan PT Garuda Maintenance Facility Aero Asia Tbk (2018-2022)
                                              • Direktur Keuangan & Investasi DPGA (2018)
                                              • Commissioner of PT Garuda Daya Pratama Sejahtera (2021-2023)
                                              • Finance Director of PT Garuda Maintenance Facility Aero Asia Tbk (2018-2022)
                                              • DPGA Finance & Investment Director (2018)


    INDEPENDENSI DAN RANGKAP                                            INDEPENDENCY AND CONCURRENT
    JABATAN KAKCG                                                       POSITION OF KAKCG

    Anggota KAKCG harus berasal dari pihak yang independen              KAKCG members must be independent, with a member being
    dan salah seorang anggotanya memiliki keahlian dalam bidang         an expert in accounting and/or finance. This requirement is
    akuntansi dan/atau keuangan serta salah seorang anggotanya          important to avoid conflicts of interest in the decision-making
    juga memahami industri/bisnis Perseroan. Persyaratan ini            process.
    penting untuk menghindari adanya benturan kepentingan
    dalam proses pengambilan keputusan.




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                                                                  Independensi Anggota KAKCG
                                                                   Indepedency of KACG Members

                                          Kriteria Independensi                                                                      Edward Okky
                                                                                               Ali Gunawan       Dodi Yasendri
                                          Independence Criteria                                                                        Avianto
    Bukan Anggota Manajemen
    Not a Management Member
                                                                                                     ✓                ✓                    ✓
    Bebas dari hubungan usaha dan hubungan lainnya yang dapat mempengaruhi
    keputusan
                                                                                                     ✓                ✓                    ✓
    Free from business relationships and others that can influence decisions
    Bukan pemegang saham mayoritas perusahaan atau pegawai yang berhubungan
    langsung dengan pemegang saham mayoritas Perseroan
                                                                                                     ✓                ✓                    ✓
    Not the majority shareholder of the company or employees who deal directly with
    the majority shareholder of the Company
    Bukan pegawai atau pernah bekerja sebagai eksekutif pada Perseroan atau anggota
    perusahaan afiliasi, setidaknya 3 (tiga) tahun sebelum menjadi anggota Komite
                                                                                                     ✓                ✓                     x

    Not an employee or has worked as an executive in a company or a member of
    an affiliated company, at least 3 (three) years before becoming a member of the
    Committee
    Bukan penasihat atau konsultan utama profesional yang material bagi Perseroan
    atau perusahaan afiliasi, atau pegawai yang berhubungan langsung dengan penyedia
                                                                                                     ✓                ✓                    ✓
    jasa, setidaknya 3 (tiga) tahun sebelum menjadi anggota Komite
    Not a professional advisor or principal consultant for the Company or affiliated
    company, or employees who deal directly with the service provider, at least 3 (three)
    years before becoming a member of the Committee
    Bukan pemasok atau pelanggan utama dari Perseroan atau afiliasi atau pegawai
    dari/atau yang berhubungan langsung atau tidak langsung dengan pemasok atau
                                                                                                     ✓                ✓                    ✓
    pelanggan utama
    Not a supplier or main customer of the Company or its affiliation or employee of/
    or who has direct or indirect contact with the main supplier or customer
    Tidak memiliki hubungan perjanjian dengan Perseroan atau perusahaan afiliasi
    lainnya sebagai Direksi
                                                                                                     ✓                ✓                    ✓
    Has no agreement relationship with the Company or other affiliated companies
    as Directors
    Keterangan | Notes:
    v = terpenuhi | fulfilled
    x = tidak terpenuhi | not fulfilled



                                                             Rangkap Jabatan Anggota KAKCG
                                                              Concurrent Position of KAKCG Members

          Nama                            Jabatan                  Rangkap Jabatan di GMF            Rangkap Jabatan di Perusahaan/Instansi Lain
          Name                            Position                Concurrent Position at GMF           Concurrent Position at Other Companies
    Ali Gunawan             Ketua merangkap                  • Komisaris Independen GMF          Group Financial Controller pada PT CT Corpora
                            Anggota                          • Ketua Merangkap Anggota KNR       Group Financial Controller at PT CT Corpora
                            Head & Member                    • Independent Commissoner
                                                             • Head & member of KNR
    Dodi Yasendri           Anggota                         Anggota KAKCG                        -
                            Member                          KAKCG member
    Edward Okky             Anggota                         Anggota KAKCG                        -
    Avianto                 Member                          KAKCG member



   PEDOMAN KERJA: PIAGAM KAKCG
                                                                                   WORK GUIDELINES: KAKCG CHARTER
   Dalam menjalankan tugasnya, KAKCG telah dilengkapi dengan
   perdoman kerja yang ditetapkan berdasarkan Piagam KAKCG                         KAKCG works according to the working guidelines in the
   tanggal 18 Agustus 2017. Pedoman ini senantiasa ditinjau                        KAKCG Charter, which was validated on August 18, 2017.
   dan dimutakhirkan secara berkala sesuai dengan ketentuan                        The Company regularly reviews and updates the guideline
   dan kebutuhan Perseroan. Versi terakhir dari Piagam yang                        when needed. The latest version of the Charter used is dated
   digunakan adalah per tanggal 2 Agustus 2023 berdasarkan Surat                   August 2, 2023, based on the Decree of DEKOM-GMF/
   Keputusan DEKOM-GMF/SKEP/5004/23 perihal Penetapan                              SKEP/5004/23 regarding the Determination of the 2023 Board
   Piagam Komite Dewan Komisaris Tahun 2023.                                       of Commissioners Committee Charter.



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    Piagam KAKCG berisi tentang Latar Belakang; Visi dan Misi;       The KAKCG Charter contains the following sections:
    Maksud dan Tujuan, Keanggotaan, Kedudukan, Tugas, Tanggung       Background; Vision and mission; Aims and Objectives;
    Jawab, dan Wewenang; Prosedur Kerja, Rapat, Pelaporan dan        Membership, Position, Duties, Responsibilities, and Authority;
    Penanganan Pengaduan; Program Pengembangan; Kerahasiaan;         Work Procedures, Meetings, Reporting, and Complaint
    Penutup.                                                         Handling; Development Program; Confidentiality; Closing.

    TUGAS DAN TANGGUNG JAWAB                                         DUTIES AND RESPONSIBILITIES

    Tugas dan tanggung jawab KAKCG sesuai Piagam KAKCG yaitu:        Duties and Responsibilities of KAKCG according to KAKCG
                                                                     Charter are as follows:
    1. Melakukan telaah atas efektivitas sistem pengendalian         1. Reviewing the effectiveness of the internal control system
       intern dan efektivitas pelaksanaan tugas eksternal auditor       and the effectiveness of the performance of external
       dan internal auditor;                                            auditors and internal auditors;
    2. Melakukan telaah dan memantau proses audit dan proses         2. Reviewing and monitoring the audit process and the
       pelaporan keuangan Perseroan;                                    Company’s financial reporting process;
    3. Memberikan rekomendasi kepada Dewan Komisaris                 3. Provide recommendations to the Board of Commissioners
       mengenai penunjukan auditor eksternal,                           regarding the appointment of an external auditor;
    4. Melakukan penelaahan atas informasi keuangan yang akan        4. Reviewing financial information that will be issued, including
       dikeluarkan antara lain laporan keuangan, proyeksi dan           financial statements, projections and other financial
       informasi keuangan lainnya;                                      information;
    5. Memantau kepatuhan perusahaan pada peraturan dan              5. Monitor company compliance with rules and regulations
       regulasi terkait dengan usaha Perseroan,                         related to the Company’s business;
    6. Menelaah dan memberikan rekomendasi kepada Dewan              6. Reviewing and providing recommendations to the Board
       Komisaris terkait dengan adanya potensi benturan                 of Commissioners related to potential conflicts of interest;
       kepentingan;
    7. Menyusun dan memutakhirkan Piagam KAKCG sesuai                7. Develop and update the Audit Committee Charter and
       dengan perkembangan bisnis dan kebutuhan Perseroan;              Corporate Governance Policies in accordance with business
                                                                        development and the needs of the Company;
    8. Mengadakan rapat secara berkala dengan auditor internal       8. Holding regular meetings with internal and external
       dan eksternal untuk membahas hasil evaluasi dan hasil audit      auditors to discuss the evaluation results and audit results
       atas pengendalian internal serta kualitas laporan keuangan,      on internal control and the quality of financial statements;
    9. Melaksanakan tugas-tugas lain yang diberikan oleh Dewan       9. Carry out other tasks assigned by the Board of
       Komisaris, khususnya dalam bidang yang terkait dengan            Commissioners, particularly in the fields related to
       akuntansi dan keuangan, penerapan tata kelola, serta             accounting and finance, governance implementation, and
       kewajiban lain sesuai regulasi terkait.                          other obligations in accordance with relevant regulations.



    RAPAT KAKCG                                                      KAKCG MEETING

    Kebijakan rapat KAKCG mengacu pada Piagam KACKG                  According to KAKCG Charter, the committee shall conduct a
    yang mengatur rapat dilakukan sekali setiap triwulan.            meeting once every quarter. The meeting’s decision is made
    Keputusan rapat diambil berdasarkan musyawarah mufakat.          based on consensus. The meeting, including the decision and
    Jalannya rapat, perbedaan pendapat (dissenting opinion) dan      dissenting opinion, must be recorded and documented in a
    keputusan yang diambil dalam rapat Komite wajib dicatat dan      minute. The minute is signed by the Chairman and Members,
    didokumentasikan dengan baik dalam risalah rapat. Risalah        the Secretary to the Board of Commissioners and participants.
    rapat tersebut ditandatangani oleh Ketua dan Anggota Komite      In 2024, KAKCG has held 9 meetings. The information on the
    serta didistribusikan kepada Ketua Komite, Sekretaris Dewan      minutes and attendance can be found as follows.
    Komisaris dan peserta rapat. Pada tahun 2024, KAKCG
    melakukan rapat sebanyak 9 kali rapat. Berikut informasi
    mengenai risalah dan rekapitulasi kehadiran rapat-rapat
    KAKCG.




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                                              Rekapitulasi Kehadiran KAKCG pada Rapat
                                            Recapitulation of the Presence of KAKCG at the Meeting
                                             Jumlah Wajib Rapat
            Anggota KAKCG                                                        Jumlah Kehadiran                   Kehadiran
                                            Number of Mandatory
            KAKCG Members                                                       Number of Presence                  Presence
                                                  Meeting
    Ali Gunawan                                        9                                  9                           100%
    Ketua
    Chair
    Dodi Yasendri                                      9                                  9                           100%
    Anggota
    Member
    E. Okky Avianto                                    9                                  9                           100%
    Anggota
    Member

    Rata-rata
                                                                                                                      100%
    Average


                                                           Risalah Rapat KAKCG
                                                           Minutes of KAKCG Meeting

                      Tanggal                                                         Agenda Rapat
                       Date                                                           Meeting Agenda
    30 Januari 2024                         Update Audit PwC dan Update Restrukturisasi
    January 30, 2024                        Update on PwC Audit and Restructuring
    13 Februari 2024                        Kerja Sama Landing Gear
    February 13, 2024                       Landing Gear Partnership
    27 Maret 2024                           Kategori dan Klasifikasi Risiko GMF
    March 27, 2024                          GMF Risk Category and Classification
    13 Juni 2024                            Update Internal Audit
    June 13, 2024                           Internal Audit Update
    11 Juli 2024                            Open Item KAKCG
    July 11, 2024                           Open Item KAKCG
    26 Juli 2024                            Pelepasan Aset Tetap Berupa 1 (satu) unit Engine
    July 26, 2024                           Release of Fixed Asset in fomr of 1 (one) Engine unit
    5 November 2024                         Update Internal Audit
    November 5, 2024                        Internal Audit Update
    6 Desember 2024                         Pembahasan Rancangan RKAP 2025 GMF
    December 6, 2024                        Discussion on RKAP 2025 Planning of GMF
    24 Desember 2024                        Rencana Audit Tahun 2025, Revisi Piagam Audit, Progres Audit
    December 24, 2024                       Audit Plan for 2025, Audit Charter Revision, Audit Progress



   KEBIJAKAN REMUNERASI                                                  REMUNERATION POLICY

   Remunerasi anggota KAKCG ditetapkan oleh Dewan Komisaris.             The remuneration of KAKCG members was determined by the
   Ketentuan pemberian honorarium untuk Anggota Komite                   Board of Commissioners. The honorarium for members of the Board
   Dewan Komisaris diatur berdasarkan ketentuan berikut:                 of Commissioners’ Committee are regulated based on the following:
   1. Honorarium setiap bulannya;                                        1. Monthly honorarium;
   2. Fasilitas kesehatan berupa rawat inap, rawat jalan, dan obat-      2. Health facilities including inpatient care, outpatient care,
      obatan bagi yang bersangkutan, tidak termasuk keluarga;                and medication for the individual, excluding family members;
   3. Tunjangan hari raya yang dibayarkan sekali dalam 1 tahun           3. Holiday allowance paid once a year, equivalent to one month
      sebesar 1 kali honorarium;                                             of honorarium;
   4. Anggota Dewan Komisaris yang menjadi ketua atau                    4. Members of the Board of Commissioners who serve as
      anggota Komite tidak diberikan penghasilan tambahan                    Chair or members of a Committee do not receive additional
      dari jabatan tersebut selain Penghasilan sebagai anggota               income from that position other than their remuneration as
      Dewan Komisaris Perseroan; dan                                         members of the Company’s Board of Commissioners; and
   5. Fasilitas kesehatan tidak diberikan jika Anggota Komite            5. Health facilities are not provided if the Committee Member
      Dewan Komisaris berstatus sebagai pegawai Garuda                       of the Board of Commissioners holds employee status
      Indonesia Group.                                                       within the Garuda Indonesia Group.


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                                                                                                                              Tata Kelola Perusahaan
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    PENGEMBANGAN KOMPETENSI KAKCG                                               COMPETENCY DEVELOPMENT FOR KAKCG

    Informasi mengenai daftar kegiatan pelatihan dan peningkatan                Information on the list of training and competency development
    kompetensi yang diikuti KAKCG sepanjang tahun 2024 dapat                    programs of KAKCG in 2024 is available in the chapter of
    dilihat pada bab Fungsi Penunjang Bisnis dalam Laporan                      Business Support Function of this Integrated Report.
    Terintegrasi ini.

    PENCAPAIAN KAKCG                                                            ACHIEVEMENT OF KAKCG

    Pencapaian Rencana Kerja KAKCG tahun 2024 disampaikan                       The achievement of KACKG 2024 Work Plan is as follows:
    sebagai berikut:

                                                    Rencana Kerja KAKCG 2024                                                          Realisasi
      No.                                             KAKCG 2024 Work Plan                                                           Realization

     A.       Komite Audit dan Kebijakan Corporate Governance
              Audit and Corporate Governance Committee

     1.       Membuat Program Kerja Tahunan KAKCG                                                                                       100%
              Making the Annual Work Program of KAKCG
     2.       Menyusun Piagam KAKCG serta memutakhirkannya dari waktu ke waktu sesuai dengan perkembangan                               100%
              bisnis dan kebutuhan Perseroan
              Prepare the KAKCG Charter and update it from time to time in accordance with business development
              and the Company needs
     3.       Membuat laporan berkala Triwulanan dan Tahunan kepada Dewan Komisaris, yangminimal memuat                                 100%
              perbandingan realisasi kegiatan dengan program kerja tahunan serta substansi hasil kegiatan dan
              rekomendasinya yang diungkapkan dalam Laporan Tahunan Perseroan
              Make quarterly and annual reports to the Board of Commissioners, which at least contains a comparison
              of the realization of activities with the annual work program as well as the substance of the results of its
              activities and recommendations disclosed in the Company’s Annual Report
     4.       Membuat laporan khusus kepada Dewan Komisaris yang berisi laporan setiap temuan yang diperkirakan                         100%
              dapat mengganggu efektivitas Perseroan
              Make a special report to the Board of Commissioners that contains reports of any findings that are expected
              to interfere with the Company’s effectiveness

     B.       Audit
              Audit

     1.       Melakukan penelaahan atas informasi keuangan yang akan dikeluarkan Perseroan kepada publik dan/                           100%
              atau pihak otoritas antara lain laporan keuangan, proyeksi, dan laporan lainnya terkait dengan informasi
              keuangan Perseroan
              Reviewing the financial information to be released by the Company to the public and/or authorities, including
              financial statements, projections and other reports related to the Company’s financial information
     2.       Melakukan penelaahan atas ketaatan terhadap peraturan perundang-undangan yang berhubungan dengan                          100%
              kegiatan Perusahaan, Anggaran Dasar, dan perjanjian dengan pihak ketiga
              Reviewing compliance with laws and regulations relating to Company activities, Articles of Association,
              and agreements with third parties
     3.       Memberikan pendapat independen dalam hal terjadi perbedaan pendapat antara manajemen dan akuntan                           N/A
              atas jasa yang diberikannya
              Reviewing compliance with laws and regulations relating to Company activities, Articles of Association,
              and agreements with third parties
     4.       Memberikan rekomendasi kepada Dewan Komisaris mengenai penunjukan Akuntan yangdidasarkanpada                              100%
              independensi, ruang lingkup penugasan, dan imbalan jasa
              Provide recommendations to the Board of Commissioners regarding the appointment of an accountant
              based on independence, the scope of the assignment, and compensation for services
     5.       Melakukan pemeriksaan oleh auditor internal dan auditor eksternal serta mengawasi pelaksanaan tindak                      100%
              lanjut oleh penelaahan atas pelaksanaan Direksi atas temuan auditor internal dan auditor eksternal
              Conduct audits by internal auditors and external auditors and oversee the implementation of follow-up by
              a review of the implementation of the Board of Directors on the findings of internal auditors and external
              auditors
     6.       Melakukan penelaahan atas efektivitas sistem pengendalian intern dan efektivitas pelaksanaan tugas auditor                100%
              internal dan auditor eksternal.
              Reviewing the effectiveness of the internal control system and the effectiveness of the implementation of
              internal auditor and external auditor tasks
     7.       Menelaah pengaduan yang berkaitan dengan proses akuntansi dan pelaporan keuangan Perseroan                                 N/A
              Examining complaints relating to the Company’s accounting and financial reporting processes




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                                                 Rencana Kerja KAKCG 2024                                                     Realisasi
     No.                                           KAKCG 2024 Work Plan                                                      Realization
    8.     Menelaah dan memberikan saran kepada Dewan Komisaris terkait dengan adanya potensi benturan                          N/A
           kepentingan Emiten atau Perusahaan Publik
           Analyzing and giving advice to the Board of Commissioners related to the potential conflict of interests of
           Issuers or Public Companies

    C.     Tata Kelola Perusahaan yang Baik
           Good Corporate Governance

    1.     Meninjau dan melakukan telaah atas penerapan prinsip-prinsip dan persyaratan-persyaratan Tata Kelola                100%
           yang berlaku di Perseroan serta memastikan bahwa prinsip-prinsip dan persyaratan-persyaratan tersebut
           masih relevan serta telah dilaksanakan sepenuhnya di Perseroan
           Review and evaluate the application of the principles and requirements of Governance that apply in the
           Company and ensure that the principles and requirements are still relevant and have been fully implemented
           in the Company
    2.     Memantau dan melakukan telaah atas penerapan prinsip-prinsip tata kelola perusahaan yang baik dalam                 100%
           pengelolaan dan pengurusan Perseroan, memastikan dilakukannya penilaian/assessment dan evaluasi/
           self-assessment atas implementasi tata kelola perusahaan yang baik dan memastikannyatindak lanjut atas
           rekomendasi perbaikan hasil assessment atau self- assessment tahun sebelumnya
           Monitor and review the application of the principles of good corporate governance in the management and
           management of the Company, ensure the assessment/evaluation and self-assessment of the implementation
           of good corporate governance and ensure follow-up on recommendations for improving the results of the
           assessment or self- assessment of the previous year

    D.     Lainnya
           Others

    1.     Melaksanakan tugas lain yang diberikan oleh Dewan Komisaris sepanjang masih dalam lingkup tugas dan                 100%
           kewajiban Dewan Komisaris berdasarkan Anggaran Dasar dan Keputusan Rapat Umum Pemegang Saham
           (RUPS) serta ketentuan perundang-undangan yang berlaku
           Carry out other tasks given by the Board of Commissioners as long as they are within the scope of the duties
           and obligations of the Board of Commissioners based on the Articles of Association and the Resolution of
           the General Meeting of Shareholders (GMS) as well as the provisions of the applicable legislation
    2.     Melakukan Self-Assesment terhadap kinerja masing-masing anggota KAKCG                                               100%
           Conduct Self-Assessment on the performance of each KAKCG member


   LAPORAN PELAKSANAAN                                                      REPORT OF 2024 DUTIES
   TUGAS TAHUN 2024

   Selama tahun 2024, KAKCG telah melaksanakan berbagai                     In 2024, KAKCG had done various works according to its duties
   kegiatan dalam rangka melaksanakan tugas dan tanggung jawab,             and responsibilities, which among others as follows:
   di antaranya meliputi:
   1. Melakukan evaluasi terhadap pelaksanaan pemberian jasa                1. Conducting an evaluation of the implementation of audit
       audit atas informasi keuangan historis tahun 2023;                      services for the 2023 historical financial information;
   2. Melakukan dan mereviu atas proses penunjukan                          2. Conducting and reviewing the process of appointing the
       Pemeringkat Tingkat Kesehatan GMF Tahun Buku 2023;                      Health Rating Agency for GMF for Fiscal Year 2023;
   3. Melakukan reviu atas kategori dan klasifikasi risiko GMF;             3. Reviewing GMF’s risk categories and classifications;
   4. Melakukan reviu atas Laporan Tahunan Tahun Buku 2023;                 4. Reviewing the Annual Report for Fiscal Year 2023;
   5. Melakukan reviu atas Laporan Keuangan Audited Tahun                   5. Reviewing the Audited Financial Statements for Fiscal
       Buku 2023;                                                              Year 2023;
   6. Melakukan reviu terhadap perubahan organisasi induk                   6. Reviewing the changes in GMF’s parent organization;
       GMF;
   7. Melakukan reviu atas Laporan Triwulan Perseroan;                      7. Reviewing the Company’s Quarterly Reports;
   8. Melakukan reviu dan rekomendasi atas rencana pelepasan                8. Reviewing and providing recommendations on the planned
       aset tetap;                                                              disposal of fixed assets;
   9. Melakukan reviu dan rekomendasi atas rencana jangka                   9. Reviewing and providing recommendations on the
       panjang Perseroan;                                                       Company’s long-term plans;
   10. Melakukan reviu atas pelaksanaan assessment good                     10. Reviewing the implementation of the good corporate
       corporate governance;                                                    governance assessment;
   11. Melakukan reviu atas Rancangan Rancangan Rencana Kerja               11. Reviewing the Draft of the Company’s Work Plan and
       dan Anggaran Perusahaan Tahun 2025;                                      Budget for 2025;
   12. Melakukan reviu dan rekomendasi ata penunjukan Kantor                12. Reviewing and providing recommendations on the
       Akuntan Publik untuk mengaudit Laporan Keuangan                          appointment of the Public Accounting Firm to audit the
       Perusahaan Tahun Buku 2024.                                              Company’s Financial Statements for Fiscal Year 2024.



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    HASIL EVALUASI YANG DILAKUKAN KAKCG                              EVALUATION RESULTS BY KAKCG

    KAKCG telah melakukan evaluasi terhadap beberapa aktivitas       KACKG has evaluated the audit activities throughout 2024.
    audit yang telah dilaksanakan Perseroan sepanjang tahun 2024.    The evaluation covers the internal and external audit activities.
    Evaluasi tersebut mencakup aktivitas audit eksternal dan audit   KACKG has also evaluated the implementation of GCG at GMF
    internal. KACKG juga telah mengevaluasi terhadap penerapan       throughout 2024.
    GCG di GMF sepanjang tahun 2024.

    Evaluasi atas Kinerja Auditor Eksternal                          External Auditor’s Performance Evaluation
    KAKCG telah mengevaluasi kinerja auditor eksternal Kantor        KAKCG has evaluated the external auditor’s performance by
    Akuntan Publik melalui Laporan Hasil Evaluasi Terhadap           the Public Accounting Firm through the Evaluation Report on
    Pelaksanaan Pemberian Jasa Audit Atas Informasi Keuangan         the Audit Services on Annual Historical Financial Information
    Historis Tahunan Tahun Buku 2023. Berdasarkan hasil evaluasi,    for the 2023 Financial Year. Based on the evaluation, KAKCG
    dapat disampaikan hal-hal sebagai berikut:                       can inform the following:
    • Audit telah dilaksanakan sesuai dengan Standar Profesional     • The audit was conducted in accordance with the Indonesian
        Akuntan Publik Indonesia.                                        Public Accountants’ Professional Standards.
    • Laporan Keuangan Konsolidasian Perseroan disajikan             • The Company’s Consolidated Financial Statements were
        berdasarkan Standar Akuntansi Keuangan di Indonesia.             presented based on Indonesian Financial Accounting
                                                                         Standards.
    •   Audit dilakukan dalam rentang waktu November 2023            • The audit was carried out from November 2023 to March
        hingga Maret 2024.                                               2024.
    •   KAKCG menilai waktu ini cukup untuk menyelesaikan            • KAKCG considers this timeframe sufficient to complete
        audit sesuai ruang lingkup yang telah disepakati dengan          the audit in accordance with the agreed-upon scope with
        manajemen.                                                       management.
    •   Audit mencakup Laporan Keuangan Konsolidasian dan            • The audit covered the Consolidated Financial Statements
        Atestasi atas Laporan Kegiatan Penerapan Prinsip Kehati-         and the attestation of the Prudential Principles
        hatian (KPPK).                                                   Implementation Activity Report (KPPK).
    •   Uji petik yang dilakukan dinilai telah memadai.              • The sampling procedures conducted were deemed
                                                                         adequate.
    •   KAP memberikan rekomendasi untuk meningkatkan                • KAP provided recommendations to improve the quality of
        kualitas penyajian laporan keuangan dan efektivitas              financial reporting and the effectiveness of internal control.
        pengendalian internal.
    •   KAKCG menilai KAP bekerja secara profesional,                •   KAKCG assessed that the KAP worked professionally,
        independen, obyektif, serta terbuka dalam diskusi terkait        independently, objectively, and was transparent in
        audit.                                                           discussions related to the audit.

    Evaluasi atas Pelaksanaan Audit Internal                         Internal Auditor’s Activity Evaluation
    Penilaian atas efektivitas pelaksanaan audit internal telah      KAKCG has evaluated the internal audit activities through the
    dilakukan KAKCG melalui penelaahan Laporan Hasil Audit           Audit Report in the Minutes of KAKCG’s Meetings. The Internal
    yang tertera pada Risalah Rapat KAKCG. Audit internal telah      Audit had been done according to the annual audit plan.
    dilakukan sesuai dengan rencana audit tahunan.

    KAKCG juga telah melakukan telaah atas temuan Auditor            KAKCG has also assessed the findings of the Internal Auditor
    Internal terhadap Laporan Hasil Audit (LHA). KAKCG juga          against the Audit Report (LHA). KAKCG had followed up the
    telah menindaklanjuti temuan auditor dan mengarahkan untuk       findings and encouraged to perform a more efficient audit based
    melaksanakan setiap kegiatan audit secara lebih efisien dan      on the latest accounting principles.
    sesuai dengan prinsip-prinsip akuntansi yang berlaku.




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   Evaluasi atas Penerapan GCG                                    Evaluation of GCG Implementation
   KAKCG telah melakukan penilaian atas efektivitas penerapan     KAKCG has assessed the effectiveness of GCG implementation
   GCG dan menilai bahwa implementasinya menunjukkan              and determined that it has shown significant progress compared
   kemajuan yang signifikan dibandingkan tahun sebelumnya.        to the previous year. The fulfillment of the Areas of Improvement
   Pemenuhan Area of Improvement (AoI) yang direkomendasikan      (AoI) recommended in the 2023 GCG Assessment has been
   dalam GCG Assessment 2023 telah dilaksanakan secara            carried out gradually, with a primary focus on enhancing
   bertahap, dengan fokus utama pada peningkatan transparansi,    transparency, accountability, and regulatory compliance.
   akuntabilitas, dan kepatuhan terhadap regulasi. Beberapa       Several key aspects prioritized in strengthening GCG include the
   aspek yang menjadi prioritas dalam penguatan GCG meliputi      internal oversight mechanism, the fulfillment of documentation
   mekanisme pengawasan internal, pemenuhan dokumentasi           related to the General Meeting of Shareholders (RUPS), and
   terkait RUPS, serta penyelarasan kebijakan internal dengan     the alignment of internal policies with applicable regulations.
   regulasi yang berlaku. Meskipun telah terjadi perkembangan     Despite the positive progress, KAKCG notes that some areas
   yang positif, KAKCG mencatat bahwa masih terdapat beberapa     still require acceleration, particularly in policy harmonization,
   area yang memerlukan percepatan, terutama dalam hal            digitalization, and risk oversight. Overall, KAKCG assesses that
   harmonisasi kebijakan, digitalisasi, dan pengawasan risiko.    the steps taken by GMF are on the right track in implementing
   Secara keseluruhan, KAKCG menilai bahwa langkah-langkah        GCG; however, further reinforcement is needed to ensure the
   yang diambil GMF sudah berada pada jalur yang tepat dalam      overall effectiveness of its implementation.
   penerapan GCG, namun tetap diperlukan penguatan lebih lanjut
   untuk memastikan efektivitas implementasi secara menyeluruh.




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                                     Komite Nominasi dan Remunerasi
                                             Nomination and Remuneration Committee


    Komite Nominasi dan Remunerasi (KNR) merupakan organ             The Nomination and Remuneration Committee (KNR) is the
    pendukung Dewan Komisaris yang bertanggung jawab                 Board of Commissioners’ supporting body responsible for
    memantau proses pencalonan kandidat anggota Dewan                monitoring the appointment process of the candidates for
    Komisaris, Direksi, dan pejabat Perseroan di bawah Direksi.      the Board of Commissioners, Board of Directors, and executive
    KNR juga bertanggung jawab mengevaluasi kinerja Dewan            officers under the Board of Directors. KNR also responsible for
    Komisaris dan Direksi sebagai pertimbangan bagi RUPS saat        evaluating the performance of the Board of Commissioners and
    menentukan remunerasi Dewan Komisaris dan Direksi.               Board of Directors as a consideration for the GMS to determine
                                                                     the remuneration for the Board.

    KUALIFIKASI ANGGOTA                                              QUALIFICATIONS

    Dewan Komisaris memiliki wewenang penuh untuk mengangkat         The Board of Commissioners has full authority to appoint and
    dan memberhentikan anggota KNR, yang berada di bawah garis       dismiss members of KNR. The appointment and dismissal of
    koordinasi Dewan Komisaris. Pengangkatan dan pemberhentian       KNR members are based on the Board of Commissioners’
    anggota KNR dilakukan berdasarkan Surat Keputusan yang           Decree.
    dikeluarkan oleh Dewan Komisaris GMF.

    MASA JABATAN                                                     TERM OF OFFICE

    KNR memiliki masa jabatan 3 (tiga) tahun terhitung sejak Surat   The working period of KNR is 3 (three) years starting from the
    Keputusan yang mengangkatnya dan dapat diperpanjang satu         Decree, which appointed the members and can be extended
    kali selama 2 (dua) tahun masa jabatan. Dewan Komisaris          once for another 2 (two) years. The Board of Commissioners
    memiliki hak untuk memberhentikan anggota komite sewaktu-        is entitled at any time to dismiss a member of the committee
    waktu sesuai dengan ketentuan yang berlaku.                      according to applicable regulations.

    Terkait Anggota yang merupakan Anggota Dewan Komisaris,          Regarding Members who are also Members of the Board of
    masa jabatan mereka sesuai dengan masa jabatan sebagai           Commisisoners, their term of office is in accordance with their
    Komisaris                                                        term as Commissioners.



    KOMPOSISI ANGGOTA KNR TAHUN 2024                                 COMPOSITION OF KNR MEMBERS IN 2024

    Komposisi Komite Nominasi dan Remunerasi per 31 Desember         As of December 31, 2024, the Nomination and Remuneration
    2024 beranggotakan tiga orang yang semuanya merupakan            Committee’s members consists of three members, all of whom
    Dewan Komisaris Perseroan. Ketua Komite dijabat oleh             are Commissioners of the Company. The Chairman of the
    Bapak Dharmadi dan Komisaris lainnya menjabat sebagai            Committee is Mr. Dharmadi and the other Commissioners
    anggota. Profil Ketua dan Anggota KNR, dapat dilihat di profil   serve as members. The profile of the Chairman and Members
    Dewan Komisaris pada bab Profil Perusahaan dalam Laporan         of the Nomination and Remuneration Committee can be found
    Terintegrasi ini.                                                in the profile of the Board of Commissioners in the Company
                                                                     Profile chapter of this Integrated Report.

    INDEPENDENSI DAN RANGKAP                                         INDEPENDENCE AND CONCURRENT
    JABATAN KNR                                                      POSITION OF KNR

    Mengingat bahwa anggota KNR merupakan anggota                    Considering that the members of KNR are the Commissioners,
    Dewan Komisaris, maka pengungkapan informasi mengenai            the disclosure of information concerning their independence
    independensi dan rangkap jabatan anggota KNR dapat dilihat       and concurrent position is available in the earlier discussion
    pada pembahasan mengenai Dewan Komisaris sebelumnya.             regarding the Board of Commissioners.




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   PEDOMAN KERJA KNR                                                WORK GUIDELINES FOR KNR

   KNR telah memiliki Piagam Komite Nominasi dan Remunerasi         The KNR has a Nomination and Remuneration Committee
   yang telah ditetapkan tanggal 26 Juni 2020. Piagam KNR           Charter, which was validated on June 26, 2020. The KNR
   mengacu pada ketentuan yang berlaku dan best practices           Charter refers to applicable regulations and best practices
   untuk membantu Dewan Komisaris dalam meningkatkan                to assist the Board of Commissioners in improving the
   sistem pengawasan secara lebih efektif. Piagam KNR senantiasa    supervisory system to be more effective. The KNR Charter is
   ditinjau ulang secara berkala. Versi terakhir dari Piagam yang   regularly reviewed. The latest version of the Charter used is
   digunakan adalah per tanggal 2 Agustus 2023 berdasarkan Surat    dated August 2, 2023, based on the Decree of DEKOM-GMF/
   Keputusan DEKOM-GMF/SKEP/5004/23 perihal Penetapan               SKEP/5004/23 regarding the Determination of the 2023 Board
   Piagam Komite Dewan Komisaris Tahun 2023.                        of Commissioners Committee Charter.

   Piagam KNR berisi tentang Latar Belakang; Visi dan Misi;         The KNR Charter contains the following sections: Background;
   Maksud dan Tujuan, Keanggotaan, Kedudukan, Tugas, Tanggung       Vision and mission; Aims and Objectives; Membership, Position,
   Jawab, dan Wewenang; Prosedur Kerja, Rapat, Pelaporan dan        Duties, Responsibilities, and Authority; Work Procedures,
   Penanganan Pengaduan; Program Pengembangan; Kerahasiaan;         Meetings, Reporting, and Complaint Handling; Development
   Penutup.                                                         Program; Confidentiality; Closing.

   TUGAS DAN TANGGUNG JAWAB KNR                                     DUTIES AND RESPONSIBILITIES OF KNR

   Tugas KNR sesuai dengan Piagam KNR, yaitu:                       The duties of KNR according to the charter are:
   1. Fungsi Nominasi                                               1. Nomination Function
      a. Memberikan rekomendasi kepada Dewan Komisaris                 a. Provide recommendations to the Board of Commissioners
          mengenai komposisi jabatan anggota Direksi dan/atau              regarding the composition of the position of members of
          anggota Dewan Komisaris, kebajikan dan kriteria yang             the Board of Directors and / or members of the Board of
          dibutuhkan dalam proses Nominasi dan Kebijakan                   Commissioners, the virtues and criteria required in the
          Evaluasi kinerja bagi anggota Direksi dan/atau anggota           Nomination process and the Performance Evaluation
          Dewan Komisaris;                                                 Policy for members of the Board of Directors and / or
                                                                           members of the Board of Commissioners;
      b. Membantu Dewan Komisaris melakukan penilaian                  b. Assist the Board of Commissioners in assessing the
         kinerja anggota Direksi dan/atau anggota Dewan                    performance of members of the Board of Directors and/
         Komisaris berdasarkan tolak ukur yang telah disusun               or members of the Board of Commissioners based on
         sebagai bahan evaluasi;                                           the benchmarks that have been prepared as evaluation
                                                                           material;
      c. Memberikan rekomendasi kepada Dewan Komisaris                 c. Provide recommendations to the Board of
         mengenai program pengembangan kemampuan anggota                   Commissioners regarding the capacity building
         Direksi dan/atau anggota Dewan Komisaris;                         programme for members of the Board of Directors
                                                                           and/or members of the Board of Commissioners;
      d. Memberikan usulan calon yang memenuhi syarat                  d. Provide proposals for candidates who qualify as
         sebagai anggota Direksi dan/atau anggota Dewan                    members of the Board of Directors and/or members
         Komisaris kepada Dewan Komisaris untuk disampaian                 of the Board of Commissioners to the Board of
         kepada RUPS;                                                      Commissioners to be submitted to the GMS;
      e. Melakukan tinjauan secara berkala atas system                 e. Conduct periodic reviews of the SOE Talent
         Manajemen Talenta BUMN serta pengawasan dan                       Management system as well as supervision and
         evaluasi atas pelaksanaanya;                                      evaluation of its implementation;
      f. Melakukan evaluasi terhadap sistem dan prosedur               f. Evaluate the Talent classification system and procedure
         pengklasifikasian Talenta yang dilakukan oleh Direksi             conducted by the Board of Directors of the Company;
         Perseroan;
      g. Melakukan validasi dan kalibrasi atas Talenta Terseleksi      g. Validate and calibrate the Selected Talents, to produce a
         (selected talent), untuk menghasilkan daftar Talenta             list of Nominated Talents nominated by the Company's
         Ternominasi (nominated talent) yang dinominasikan                Board of Commissioners to the GMS;
         oleh Dewan Komisaris Perseroan kepada RUPS;                   h. Evaluate the candidates of the Company's
      h. Melakukan evaluasi terhadap calon wakil Perseroan                representatives who will be proposed as members of
         yang akan diusulkan sebagai anggota Direksi atau                 the Board of Directors or members of the Board of
         anggota Dewan Komisaris Anak Perusahaan, sebelum                 Commissioners of Subsidiaries, before being submitted
         diajukan kepada RUPS;                                            to the GMS;
      i. Melakukan evaluasi atas usulan KPI individu anggota           i. Evaluate the proposed individual KPIs of members of
         Direksi BUMN; dan                                                the Board of Directors of SOEs; and


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        j.   Menyiapkan usulan sistem evaluasi kinerja individu bagi      j. Prepare a proposal for an individual performance
             anggota Direksi dan/atau anggota Dewan Komisaris/               evaluation system for members of the Board of Directors
             Dewan Pengawas BUMN.                                            and/or members of the Board of Commissioners/
                                                                             Supervisory Board of SOEs.
    2. Fungsi Remunerasi                                               2. Remuneration Function
       a. Memberikan rekomendasi kepada Dewan Komisaris                   a. Provide recommendations to the Board of
          mengenai struktur Remunerasi, kebijakan atas                       Commissioners regarding the Remuneration structure,
          remunerasi dan besaran atas remunerasi;                            policy on remuneration and the amount of remuneration;
       b. Membantu Dewan Komisaris melakukan penilaian                    b. Assist the Board of Commissioners in assessing
          kinerja dengan kesesuaian remunerasi yang diterima                 performance with the suitability of remuneration
          masing-masing anggota Direksi dan/atau anggota                     received by each member of the Board of Directors
          Dewan Komisaris;                                                   and/or members of the Board of Commissioners;
          • Dalam melaksanakan fungsi Remunerasi KNR wajib                   • In carrying out the Remuneration function, the KNR
              melakukan prosedur sesuai Peraturan Otoritas Jasa                  must carry out procedures in accordance with the
              Keuangan Nomor: 34/POJK.04/2014 tentang KNR                        Financial Services Authority Regulation Number:
              emiten atau Perusahaan Publik;                                     34/POJK.04/2014 concerning KNR of issuers or
                                                                                 Public Companies;
             •Struktur, kebijakan dan besaran remunerasi harus               • The structure, policy and amount of remuneration
              dievaluasi oleh KNR paling kurang (satu) kali dalam                must be evaluated by KNR at least (one) time in 1
              1 (satu) tahun.                                                    (one) year.
    3. Sumber Daya Manusia                                             3. Human Resources
       a. Menyiapkan usulan program pengembangan bagi                     a. Prepare proposals for development programmes for
          anggota Direksi dan/atau anggota Dewan Komisaris                   members of the Board of Directors and/or members
          / Dewan Pengawas BUMN;                                             of the Board of Commissioners/Supervisory Board
                                                                             of SOEs;
       b. Melakukan evaluasi atas usulan Direksi BUMN                     b. Evaluate the proposal of the Board of Directors of SOEs
          mengenai struktur organisasi BUMN;                                 regarding the organisational structure of SOEs;
       c. Memastikan bahwa perusahaan telah memiliki                      c. Ensure that the company has a transparent human
          kebijakan pengelolaan dan pengembangan sumber                      resource management and development policy;
          daya manusia yang transparan;
       d. Melakukan penelaahan dan pemantauan praktek                     d. Reviewing and monitoring human resource development
          manajemen pengembangan sumber daya manusia                          management practices based on corporate governance
          berdasarkan pedoman kebijakan tata kelola perusahaan,               policy guidelines, particularly management policies and
          khususnya kebijakan manajemen dan prosedur operasi                  standard operating procedures in the field of human
          standar dibidang pengembangan sumber daya manusia;                  resource development;
       e. Menelaah dan memantau implementasi sistem                       e. Review and monitor the implementation of the human
          perencanaan sumber daya manusia, rekrutmen, seleksi                 resource planning, recruitment, selection and placement
          dan penempatan karyawan;                                            system;
       f. Menelaan dan memantau hubungan kerja industrial                 f. Maintaining and monitoring industrial labour relations
          yang ada dilingkungan Perusahaan; dan                               within the Company; and
       g. Memantau dan mengawasi pelaksanaan program                      g. Monitor and supervise the implementation of human
          pengemangan sumber daya manusia di Perusahaan,                      resource development programmes in the Company,
          termasuk manajemen talenta untuk memastikan                         including talent management to ensure the Company
          Perusahaan memiliki sumber daya manusia yang                        has competent human resources according to the
          kompeten sesuai kebutuhan Perusahaan.                               Company's needs.
    4. Menjaga kerahasiaan dokumen, data dan informasi                 4. Maintain the confidentiality of company documents, data
       perseoan.                                                          and information.
    5. Melakukan identifikasi hal-hal yang memerlukan perhatian        5. Identify matters that require the attention of the Board of
       Dewan Komisaris Perseroan serta tugas-tigas Dewan                  Commissioners of the Company and other relevant duties
       Komisaris Perseroan bersangkutan lainnya.                          of the Board of Commissioners of the Company.
    6. Melaksanakan tugas lain yang diberikan oleh Dewan               6. Carry out other duties assigned by the Board of
       Komisaris berdasarkan ketentuan peraturan perundang-               Commissioners based on the provisions of the prevailing
       undangan yang berlaku.                                             laws and regulations.




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   RAPAT KNR                                                        KNR MEETING

   Mengingat bahwa setiap anggota KNR merupakan anggota             Since the members of KNR also Commissioners, the meeting
   Dewan Komisaris, maka mekanisme rapat KNR diadakan sesuai        mechanism is held according to the internal meeting of the
   dengan rapat internal Dewan Komisaris. Informasi mengenai        Board of Commissioners. Information regarding the KNR
   rapat KNR menjadi satu bagian tak terpisah dari rapat internal   meeting is inseparable from the internal meeting of the Board
   Dewan Komisaris yang dapat ditemukan di pembahasan               of Commissioners, which available in the previous discussion.
   sebelumnya.

   PENGEMBANGAN KOMPETENSI KNR                                      COMPETENCY DEVELOPMENT FOR KNR

   Informasi mengenai daftar kegiatan pelatihan dan peningkatan     Information concerning the training and competency
   kompetensi yang diikuti KNR di sepanjang tahun 2024 dapat        improvement programs of KNR throughout 2024 is available
   dilihat pada bab Fungsi Penunjang Bisnis dalam Laporan           in the chapter of Business Support Function of this Integrated
   Terintegrasi ini.                                                Report.

   KEBIJAKAN REMUNERASI                                             REMUNERATION POLICY

   Remunerasi anggota KNR ditetapkan oleh Dewan Komisaris.          The remuneration of KNR members was determined by the
   Ketentuan pemberian honorarium untuk Anggota Komite              Board of Commissioners. The honorarium for members of the
   Dewan Komisaris diatur berdasarkan ketentuan berikut:            Board of Commissioners’ Committee are regulated based on
                                                                    the following:
   1. Honorarium setiap bulannya.                                   1. Honorarium every month.
   2. Fasilitas kesehatan berupa rawat inap, rawat jalan, dan       2. Health facilities in the form of hospitalization, outpatient
      obat-obatan bagi yang bersangkutan, tidak termasuk                care, and medicines for the person concerned, excluding
      keluarga; dan                                                     family; and
   3. Tunjangan hari raya yang dibayarkan sekali dalam 1 tahun      3. Holiday allowance paid once a year amounting to 1 time
      sebesar 1 kali honorarium.                                        honorarium.
   4. Anggota Dewan Komisaris yang menjadi ketua atau               4. Members of the Board of Commissioners who are chairman
      anggota Komite tidak diberikan penghasilan tambahan               or member of the Committee are not given additional
      dari jabatan tersebut selain Penghasilan sebagai anggota          income from the position other than income as a member
      Dewan Komisaris Perseroan.                                        of the Board of Commissioners of the Company.
   5. Fasilitas kesehatan tidak diberikan jika Anggota Komite       5. Health facilities are not provided if the Committee Member
      Dewan Komisaris berstatus sebagai pegawai Garuda                  of the Board of Commissioners is an employee of Garuda
      Indonesia Group.                                                  Indonesia Group.
   6. Penghasilan tidak diberikan kepada Ketua/Anggota Komite       6. Income is not given to the Chairman/Member of the Board
      Dewan Komisaris yang berstatus sebagai Dewan Komisaris            of Commissioners Committee who is a member of the Board
      Perseroan.                                                        of Commissioners of the Company.

   LAPORAN PELAKSANAAN                                              REPORT OF 2024 DUTIES
   TUGAS TAHUN 2024

   Selama tahun 2024, KNR telah melaksanakan berbagai kegiatan      Throughout 2024, KNR has carried out various activities to
   dalam rangka melaksanakan tugas dan tanggung jawab, di           fulfill its duties and responsibilities, including:
   antaranya meliputi:
   1. Melakukan reviu dan rekomendasi terkait pencapaian            1. Conducted review and provided recommendations
       kinerja Direksi Tahun Buku 2023;                                regarding the Board of Directors’ achievements for Fiscal
                                                                       Year 2023;
   2. Melakukan reviu dan rekomendasi terkait tantiem/insentif      2. Conducted review and provided recommendations
      kinerja dan Remunerasi Direksi dan Dewan Komisaris;              regarding performance bonuses/incentives and
                                                                       remuneration for the Board of Directors and the Board
                                                                       of Commissioners;
   3. Melakukan reviu atas Laporan Triwulan Perusahaan.             3. Reviewed the Company’s Quarterly Reports.




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                                                 Komite Pengembangan Usaha
                                                         dan Pemantau Risiko
                      Business Development and Risk Monitoring Committee

    Komite Pengembangan Usaha dan Pemantauan Risiko                  The Business Development and Risk Monitoring Committee
    (KPUPR) merupakan organ pendukung Dewan Komisaris                (KPUPR) is the supporting body of the Board of Commissioners
    yang bertanggung jawab memantau pengembangan usaha               responsible for monitoring business development, including new
    yang mencakup investasi, proyek, atau produk baru sesuai         investments, projects, or products according to the Company's
    dengan strategi Perseroan. KPUPR juga melakukan kajian atas      strategy. The KPUPR also reviews policies, risk management
    kebijakan, praktik pengelolaan risiko, dan tindakan mitigasi     practices, and mitigation measures.
    yang diambil oleh Perseroan.

    KUALIFIKASI ANGGOTA                                              QUALIFICATIONS
    Dewan Komisaris memiliki wewenang penuh untuk mengangkat         The Board of Commissioners has full authority to appoint and
    dan memberhentikan anggota KPUPR, yang berada di bawah           dismiss KPUPR members under the coordination line of the
    garis koordinasi Dewan Komisaris. Pengangkatan dan               Board of Commissioners. The appointment and dismissal of
    pemberhentian anggota KPUPR dilakukan berdasarkan Surat          KPUPR members are carried out based on a Decree issued by
    Keputusan yang dikeluarkan oleh Dewan Komisaris GMF.             the GMF Board of Commissioners.



    MASA JABATAN                                                     TERM OF OFFICE

    KPUPR memiliki masa jabatan 3 (tiga) tahun terhitung sejak       KPUPR has an office period of 3 (three) years from the Decree
    Surat Keputusan yang mengangkatnya dan dapat diperpanjang        which appointed him and can be extended once for 2 (two) years.
    satu kali selama 2 (dua) tahun masa jabatan. Dewan Komisaris     The Board of Commissioners has the right to dismiss committee
    memiliki hak untuk memberhentikan anggota komite sewaktu-        members at any time according to the applicable regulations.
    waktu sesuai dengan ketentuan yang berlaku.



    KOMPOSISI ANGGOTA KPUPR TAHUN 2024                               COMPOSITION OF KPUPR MEMBERS IN 2024
    KPUPR beranggotakan 3 (tiga) orang per 31 Desember 2024          As of December 31, 2024, KPUPR consists of 3 (three) people
    yang terdiri dari Ketua Komite dan 2 (dua) orang Anggota         from the Head of the Committee and 2 (two) members of the
    Komite.                                                          Committee.

              Nama                    Jabatan                      Dasar Pengangkatan                          Masa Jabatan
              Name                    Position                     Basis of Appointment                        Term of Office
     Agit Atriantio         Ketua/Komisaris           SK DEKOM-GMF/SKEP/5002/23 tanggal 5 Juli       5 Juli 2023 s.d 5 Juli 2025
                            Independen                2023                                           July 5, 2023 until July 5, 2025
                            Chair/Independent         Decree DEKOM-GMF/SKEP/5002/23 dated July
                            Commissioner              5, 2023
     Endang Tardiana        Anggota                   SK DEKOM-GMF/SKEP/5002/23 tanggal 5 Juli       5 Juli 2023 s.d 5 Juli 2025
                            Member                    2023                                           July 5, 2023 until July 5, 2025
                                                      Decree DEKOM-GMF/SKEP/5002/23 dated July
                                                      5, 2023
     Gary Louis Lumempouw   Anggota                   SK DEKOM-GMF/SKEP/5003/24 tanggal 15           15 Oktober 2025 s.d 14 Oktober
                            Member                    Oktober 2024                                   2027
                                                      Decree DEKOM-GMF/SKEP/5003/24 dated            October 15, 2025 until 14
                                                      October 15, 2024                               October, 2027




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   PROFIL ANGGOTA KPUPR                                                     PROFILE OF KPUPR MEMBERS

   Profil Ketua KPUPR, Agit Atriantio, dapat dilihat bagian Profil          The profile of KPUPR Chair, Agit Atriantio, can be seen in the
   Dewan Komisaris pada bab Profil Perusahaan dalam Laporan                 Board of Commissioners profile section in the Company Profile
   Terintegrasi ini.                                                        chapter of this Integrated Report.



    Agit Atriantio
    Ketua KPUPR/Komisaris Independen
    Head of KPUPR/Independent Commissioner
    Profil Ketua Komite KPUPR Agit Atriantio dapat dilihat bagian Profil Dewan Komisaris pada bab Profil Perusahaan dalam Laporan Tahunan
    Terintegrasi ini.
    The profile of KPUPR Head, Agit Atriantio, can be seen in the Board of Commissioners profile section in the Company Profile chapter of this
    Integrated Report.


    Endang Tardiana
    Anggota KPUPR
    KPUPR Member
    Data Pribadi                                 Warga Negara Indonesia | Indonesian Citizens
    Personal Data                                Usia 45 tahun | 45 years old
                                                 Kelahiran Kuningan, 10 Oktober 1979 | Born in Kuningan, October 10, 1979
    Pendidikan                                   •   Sarjana Teknik, Jurusan Mechanical Engineering dari Institut Teknologi Sepuluh Nopember
    Education                                        (2007)
                                                 •   Diploma Jurusan Mechanical Engineering dari Politeknik Institut Teknologi Bandung tahun
                                                     (2003)
                                                 •   Bachelor of Engineering, Department of Mechanical Engineering from the Sepuluh Nopember
                                                     Institute of Technology (2007)
                                                 •   Diploma in Mechanical Engineering from the Polytechnic of Bandung Institute of Technology
                                                     (2003)




    Gary Louis Lumempouw
    Anggota KPUPR
    KPUPR Member
    Data Pribadi                                 Warga Negara Indonesia | Indonesian Citizens
    Personal Data                                Usia 67 tahun | 67 years old
                                                 Kelahiran Prabumulih, 17 Agustus 1957 | Born in Prabumulih, 17 August, 1957
    Pendidikan                                   •   Sarjana Teknik Industri dari Institut Teknologi Bandung (1984)
    Education                                    •   Magister Administrasi Bisnis – Sekolah Bisnis dan Manajemen dari Institut Teknologi Bandung
                                                     (2006)
                                                 •   Bachelor of Industrial Engineering from Bandung Institute of Technology (1984)
                                                 •   Master of Business Administration – School of Business and Management from Bandung
                                                     Institute of Technology (2006)
    Pengalaman Kerja                             •   Direktur Utama PT Multi Kreasi Investama (2013-sekarang)
    Work Experience                              •   Direktur Operasional PT Graha Cemerlang (2011-2013)
                                                 •   Direktur Operasional PT Teknologi Riset Global Investama (2010-2011)
                                                 •   President Director of PT Multi Kreasi Investama (2013-present)
                                                 •   Operational Director of PT Graha Cemerlang (2011-2013)
                                                 •   Operational Director of PT Teknologi Research Global Investama (2010-2011)



   INDEPENDENSI DAN RANGKAP                                                 INDEPENDENCY AND CONCURRENT
   JABATAN KPUPR                                                            POSITION OF KPUPR

   Independensi anggota KPUPR penting untuk menghindari                     KPUPR members need to be independent to avoid any conflict of
   adanya benturan kepentingan dalam proses pengambilan                     interest in making a decision to achieve the Company’s objective
   keputusan dalam pencapaian tujuan GMF maupun tujuan grup                 or a group purpose with the Parent Company.
   bersama Induk Perseroan.




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                                                                Independensi Anggota KPUPR
                                                                  Indepedency of KPUPR Members

                            Kriteria Independensi                                                                                     Gary Louis
                                                                              Agit Atriantio            Endang Tardiana
                            Independence Criteria                                                                                    Lumempouw
     Bukan Anggota Manajemen                                                        ✓                          ✓                            ✓
     Not a Management Member
     Bebas dari hubungan usaha dan hubungan lainnya yang dapat                      ✓                          ✓                            ✓
     mempengaruhi keputusan
     Free from business relationships and others that can influence
     decisions
     Bukan pemegang saham mayoritas perusahaan atau pegawai                         ✓                          X                            ✓
     yang berhubungan langsung dengan pemegang saham
     mayoritas Perseroan
     Not the majority shareholder of the company or employees who
     deal directly with the majority shareholder of the Company
     Bukan pegawai atau pernah bekerja sebagai eksekutif pada                       ✓                          ✓                            ✓
     Perseroan atau anggota perusahaan afiliasi, setidaknya 3 (tiga)
     tahun sebelum menjadi anggota Komite
     Not an employee or has worked as an executive in a company
     or a member of an affiliated company, at least 3 (three) years
     before becoming a member of the Committee
     Bukan penasihat atau konsultan utama profesional yang                          ✓                          ✓                            ✓
     material bagi Perseroan atau perusahaan afiliasi, atau pegawai
     yang berhubungan langsung dengan penyedia jasa, setidaknya
     3 (tiga) tahun sebelum menjadi anggota Komite
     Not a professional advisor or principal consultant for the
     Company or affiliated company, or employees who deal
     directly with the service provider, at least 3 (three) years before
     becoming a member of the Committee
     Bukan pemasok atau pelanggan utama dari Perseroan atau                         ✓                          X                            ✓
     afiliasi atau pegawai dari/atau yang berhubungan langsung
     atau tidak langsung dengan pemasok atau pelanggan utama
     Not a supplier or main customer of the Company or its affiliation
     or employee of/or who has direct or indirect contact with the
     main supplier or customer
     Tidak memiliki hubungan perjanjian dengan Perseroan atau                       ✓                          ✓                            ✓
     perusahaan afiliasi lainnya sebagai Direksi
     Has no agreement relationship with the Company or other
     affiliated companies as Directors
     Keterangan | Notes:
     v = terpenuhi | fulfilled
     x = tidak terpenuhi | not fulfilled



                                                               Rangkap Jabatan Anggota KPUPR
                                                               Concurrent Position of KPUPR Members

           Nama                            Jabatan                Rangkap Jabatan di GMF              Rangkap Jabatan di Perusahaan/Instansi Lain
           Name                            Position              Concurrent Position at GMF             Concurrent Position at Other Companies
     Agit Atriantio          Ketua merangkap               Komisaris Independen                   Staf Khusus Kementerian Kelautan dan Perikanan
                             Anggota KPUPR                 Independent Commissioner               Special Staff of the Ministry of Marine Affairs and
                             Head & Member KPUPR                                                  Fisheries
     G a r y L o u i s Anggota KPUPR                       -                                      Direktur Utama PT Multi Kreasi Investama
     Lumempouw         Member KPUPR                                                               President Director of PT Multi Kreasi Investama
     Endang Tardiana         Anggota KPUPR                 -                                      Vice President Aircraft Maintenance Management
                             Member KPUPR                                                         PT Garuda Indonesia (Persero) Tbk




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   PEDOMAN KERJA KPUPR                                                WORK GUIDELINE FOR KPUPR
   Pedoman kerja KPUPR berlandaskan pada Piagam KPUPR                 The KPUPR work guideline are based on the Committee Charter
   yang telah ditandatangani oleh seluruh anggota Komite pada         which has been signed by all members of the Committee on
   tanggal 2 Agustus 2023 dengan penekanan kepada:                    August 2, 2023, with emphasis on::
   1. Monitoring dan evaluasi rencana bisnis Perseroan dan            1. Monitoring and evaluation of the Company’s business plan
      pengembangannya.                                                   and its development;
   2. Identifikasi dan penerapan manajemen risiko;                    2. Identification and implementation of risk management;
   3. Identifikasi dan kontrol faktor-faktor keberhasilan strategic   3. Identification and control of key success factors in the
      plan; dan                                                          strategic plan; and
   4. Tugas khusus.                                                   4. Special assignments.

   Pedoman KPUPR ditinjau ulang secara berkala sesuai dengan          KPUPR guidelines are reviewed periodically according to the
   kebutuhan dan relevansi penerapannya di dalam Perseroan.           needs and relevance of their application in the Company. The
   Versi terakhir dari Piagam yang digunakan adalah per tanggal       latest version of the Charter used is dated August 2, 2023, based
   2 Agustus 2023 berdasarkan Surat Keputusan DEKOM-GMF/              on the Decree of DEKOM-GMF/SKEP/5004/23 regarding the
   SKEP/5004/23 perihal Penetapan Piagam Komite Dewan                 Determination of the 2023 Board of Commissioners Committee
   Komisaris Tahun 2023.                                              Charter.

   Piagam KPUPR berisi tentang Latar Belakang; Visi dan Misi;         The KPUPR Charter contains the following sections:
   Maksud dan Tujuan, Keanggotaan, Kedudukan, Tugas, Tanggung         Background; Vision and mission; Aims and Objectives;
   Jawab, dan Wewenang; Prosedur Kerja, Rapat, Pelaporan dan          Membership, Position, Duties, Responsibilities, and Authority;
   Penanganan Pengaduan; Program Pengembangan; Kerahasiaan;           Work Procedures, Meetings, Reporting, and Complaint
   Penutup.                                                           Handling; Development Program; Confidentiality; Closing.



   TUGAS DAN TANGGUNG JAWAB KPUPR                                     DUTIES AND RESPONSIBILITIES OF KPUPR
   Berdasarkan Piagam KPUPR, KPUPR bertugas untuk membantu            Based on the KPUPR Charter, the KPUPR has a responsibility to
   Dewan Komisaris dalam mewujudkan sistem dan pelaksanaan            assist the Board of Commissioners in conducting a competent
   pengawasan yang kompeten dan independen di Perseroan,              and independent supervisory system in the Company, which
   termasuk namun tidak terbatas:                                     include but not limited to:
   1. Tugas terkait dengan Manajemen Risiko                           1. Tasks associated with Risk Management
      a. Mengakses seluruh informasi yang relevan tentang                 a. Accessing all relevant information about the Company
          Perseroan dengan tugas dan fungsi komite pemantau                    with the duties and functions of the risk monitoring
          risiko;                                                              committee;
      b. Melakukan komunikasi dengan kepala unit kerja                    b. Communicating with the heads of working units and
          dan pihak lain dalam Perseroan untuk memperoleh                      other parties within the Company to obtain information,
          informasi, klarifikasi serta meminta dokumen dan                     clarification and request the necessary documents and
          laporan yang diperlukan;                                             reports;
      c. melakukan pemantauan dan penelaahan terhadap                     c. monitoring and reviewing the Risk Management report
          laporan Manajemen Risiko dan laporan lainnya terkait                 and other reports related to the implementation of Risk
          penerapan Manajemen Risiko baik Perseroan maupun                     Management of both the Company and its subsidiaries;
          anak Perusahaan Perseroan;
      d. Melakukan pemantauan dan evaluasi atas kesesuaian                d. Monitoring and evaluating the appropriateness of
          penerapan kebijakan dan strategi manajemen Risiko                  the implementation of risk management policies and
          Perseroan dan anak perusahaan perseroan;                           strategies of the Company and its subsidiaries;
      e. Memberikan rekomendasi kepada Dewan Komisaris                    e. Provide recommendations to the Company's Board
          Perseroan atas hal yang mendukung efektivitas                      of Commissioners on matters that support the
          penerapan Manajemen Risiko dan kesesuaian antara                   effectiveness of the implementation of Risk Management
          kebijakan Manajemen Risiko Perseroan dan Manajemen                 and the compatibility between the Company's Risk
          Risiko Anak Perusahaan Perseroan; dan                              Management policies and the Company's Subsidiaries'
                                                                             Risk Management.; and
       f.   Melaksanakan pemantauan dan evaluasi terhadap                 f. Carry out monitoring and evaluation of the
            pelaksanaan fungsi manajemen Risiko lainnya sesuai               implementation of other risk management functions in
            dengan ketentuan peraturan perunsang-undangan,                   accordance with the provisions of laws and regulations,
            anggaran dasar, dan/ atau keputusan RUPS.                        articles of association, and / or resolutions of the GMS.



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    2. Tugas terkait dengan Pengembangan Usaha                           2. Tasks associated with Business Development
       a. Menyampaikan rekomendasi kepada Dewan Komisaris                   a. Provide recommendations to the Board of
          atas kebijakan yang telah diambil oleh Direksi berkaitan              Commissioners on the policies adopted by the Board
          dengan Pengembangan Usaha;                                            of Directors in relation to Business Development;
       b. Melakukan penilaian atas situasi yang diperkirakan                b. Assess the situation that is expected to threaten the
          dapat membahayakan kelangsungan usaha Perseroan;                      continuity of the Company's business;
       c. Melakukan monitoring dan evaluasi terhadap realisasi              c. Monitor and evaluate the realisation of the Company's
          bisnis Perseroan termasuk Rencana Kerja dan Anggaran                  business including the Company's Work Plan and
          Perusahaan dan Rencana Jangka Panjang Perusahaan;                     Budget and the Company's Long Term Plan;
       d. Mengevaluasi rencana pengembanan/ ekspansi bisnis                 d. Evaluate the Company's business development/
          Perseroan.                                                            expansion plan.
    3. Menjaga kerahasiaan dokumen, data dan informasi                   3. Maintain the confidentiality of the Company's documents,
       Perseroan.                                                           data and information.
    4. Melakukan identifikasi hal-hal yang memerlukan perhatian          4. Identify matters that require the attention of the Board of
       Dewan Komisaris Perseroan serta tugas-tugas Dewan                    Commissioners of the Company and other relevant duties
       Komisaris Perseroan bersangkutan lainnya                             of the Board of Commissioners of the Company
    5. Melaksanakan tugas lain yang diberikan oleh Dewan                 5. Carry out other duties assigned by the Board of
       Komisaris berdasarkan ketentuan peraturan perundang-                 Commissioners based on the provisions of the prevailing
       undangan yang berlaku.                                               laws and regulations.

    RAPAT KPUPR                                                          KPUPR MEETING

    Mengacu kepada Piagam KPUPR, rapat KPUPR diadakan                    Following the provisions in its work charter, KPUPR conducts a
    setidaknya sekali dalam sebulan. Pada tahun 2024, KPUPR              meeting at least once every month. In 2024, KPUPR conducted
    melakukan rapat sebanyak 5 (lima) kali.                              5 (five) meetings.


                                              Rekapitulasi Kehadiran KPUPR pada Rapat
                                            Recapitulation of the Presence of KPUPR at the Meeting
                                             Jumlah Wajib Rapat
              Anggota KPUPR                                                      Jumlah Kehadiran                    Kehadiran
                                            Number of Mandatory
              KPUPR Members                                                     Number of Presence                    Presence
                                                  Meeting
     Agit Atriantio                                   5                                   5                             100%
     Ketua
     Chair
     Endang Tardiana                                  5                                   5                             100%
     Anggota
     Member
     Gary Louis Lumempouw                             5                                   5                             100%
     Anggota
     Member

     Rata-rata
                                                                                                                        100%
     Average


                                                          Risalah Rapat KPUPR
                                                          Minutes of KPUPR Meeting
                        Tanggal                                                       Agenda Rapat
                         Date                                                         Meeting Agenda
     13 Februari 2024                          Kerja Sama Landing Gear
     February 13, 2024                         Landing Gear Partnership
     27 Maret 2024                             Kategori dan Klasifikasi Risiko GMF
     March 27, 2024                            GMF Risk Category and Classification
     2 Mei 2024                                Pemenuhan ICoFR KPUPR
     May 2, 2024                               Fulfilment of ICoFR for KPUPR
     26 Juli 2024                              Pelepasan Aset Tetap berupa 1 (satu) unit Engine
     July 26, 2024                             Release of Fixed Assets in form of 1 (one) Engine unit
     6 Desember 2024                           Pembahasan Rancangan RKAP 2025 GMF
     December 6, 2024                          Discussion on GMF 2025 RKAP Plan




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   PENGEMBANGAN KOMPETENSI KPUPR                                             COMPETENCY DEVELOPMENT FOR KPUPR

   Informasi mengenai daftar kegiatan pelatihan dan peningkatan              Information on the list of training and competency development
   kompetensi yang diikuti KPUPR di sepanjang tahun 2024                     activities for KPUPR throughout 2024 is available in the chapter
   dapat dilihat pada bab Fungsi Penunjang Bisnis dalam Laporan              of Business Support Function of this Integrated Report.
   Terintegrasi ini.

   KEBIJAKAN REMUNERASI                                                      REMUNERATION POLICY


   Remunerasi anggota KPUPR ditetapkan oleh Dewan Komisaris.                 The remuneration of KPUPR members was determined by the
   Ketentuan pemberian honorarium untuk Anggota Komite                       Board of Commissioners. The honorarium for members of the
   Dewan Komisaris diatur berdasarkan ketentuan berikut:                     Board of Commissioners’ Committee are regulated based on
                                                                             the following:
   1. Besarnya Honorarium bagi Anggota Komite Dewan                          1. The Honorarium for Independent Members of the Board
      Komisaris Independen dan/atau yang tidak berstatus                         of Commissioners’ Committee and/or those who are not
      sebagai Pegawai Perseroan atau Pegawai PT Garuda                           employees of the Company or Employees of PT Garuda
      Indonesia (Persero) Tbk (“Garuda Indonesia”).                              Indonesia (Persero) Tbk (“Garuda Indonesia”).
   2. Besarnya Honorarium bagi Anggota Komite Dewan                          2. The Honorarium for Members of the Board of
      Komisaris yang berstatus masih sebagai pegawai Perseroan                   Commissioners’ Committee who are employees of the
      atau Pegawai Garuda Indonesia.                                             Company or Garuda Indonesia.
   3. Honorarium tidak diberikan kepada Ketua/Anggota Komite                 3. The Honorarium is not given to the Chairman/Committee
      Dewan Komisaris yang berstatus sebagai Anggota Direksi                     Member of the Board of Commissioners who is also a
      di Garuda Indonesia dan/atau merangkap sebagai Dewan                       Member of the Board of Directors at Garuda Indonesia
      Komisaris Perseroan.                                                       and/or the Company's Board of Commissioners.
   4. Pajak atas Honorarium Anggota Komite Dewan Komisaris                   4. Taxes on the Honorarium of Members of the Board of
      dan/atau penghasilan lainnya ditanggung oleh Perseroan.                    Commissioners’ Committee and/or other income shall be
                                                                                 borne by the Company.
   5. Biaya yang timbul atas pemberian honorarium ini menjadi                5. The Company is responsible for the costs incurred from
      beban Perseroan.                                                           this honorarium.

   PENCAPAIAN KPUPR                                                          KPUPR’S ACHIEVEMENT

   Setiap tahunnya KPUPR menyusun rencana kerja untuk                        KPUPR made an annual working plan to do the duties and
   mendukung pelaksanaan tugas dan tanggung jawab dengan                     responsibilities efficiently and effectively. The realization of
   efisien dan efektif. Berikut pencapaian Rencana Kerja KPUPR               KPUPR’s work plan for 2024 was as follows:
   tahun 2024:


                                                  Program Kerja KPUPR 2024                                                       Realisasi
     No.                                            KPUPR Work Plan 2024                                                        Realization
     1.    Melakukan kajian dan evaluasi atas pengembangan usaha MRO                                                               100%
           Conduct studies and evaluations of MRO business development
     2.    Melakukan kajian dan evaluasi atas kecukupan kebijakan, konsistensi praktik pengelolaan risiko, dan efektivitas         100%
           tindakan mitigasi
           Reviewing and evaluating the adequacy of policies, the consistency of risk management practices, and the
           effectiveness of mitigation actions
     3.    Memberikan rekomendasi perbaikan atas praktik pengelolaan dan penanganan risiko Perseroan                               100%
           Providing recommendations for improvements to the Company's risk management and management practices
     4.    Melaksanakan tugas lain yang diberikan oleh Dewan Komisaris sepanjang masih dalam ruang lingkup tugas                   100%
           dan kewajiban Dewan Komisaris berdasarkan ketentuan yang berlaku
           Performing other duties given by the Board of Commissioners as long as within the coverage of duties and
           obligations of the Board according to regulation
     5.    Menyusun rencana kerja KPUPR tahun 2024                                                                                 100%
           Prepare KPUPR work plan for 2024




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                                                  Program Kerja KPUPR 2024                                                    Realisasi
      No.                                           KPUPR Work Plan 2024                                                     Realization
       6.     Membuat laporan berkala Triwulanan/setiap 3 bulan sekali kepada Dewan Komisaris                                   100%
              Creating a quarterly report/once every 3 months to the Board of Commissioners
       7.     Melaksanakan rapat periodik sekurang-kurangnya 1 kali dalam 3 bulan                                               100%
              Held a periodic meeting at least once every three months
       8.     Melakukan Self-Assessment terhadap kinerja anggota KPUPR                                                          100%
              Conducted Self-Assessment on the performance of KPUPR members



    LAPORAN PELAKSANAAN TUGAS TAHUN                                       REPORT OF 2024 DUTIES
    2024

    Selama tahun 2024, KPUPR telah melaksanakan berbagai                  Throughout 2024, KPUPR has performed the following
    kegiatan dalam rangka melaksanakan tugas dan tanggung                 activities to fulfill the duties and responsibilities that cover:
    jawab, di antaranya meliputi:
    1. Melakukan reviu dan rekomendasi terkait Kategori dan               1. Review and provide recommendations on GMF’s Risk
        Klasifikasi Risiko GMF;                                              Categories and Classifications;
    2. Melakukan reviu dan rekomendasi terhadap penyesuaian               2. Review and provide recommendations on adjustments to
        organisasi induk;                                                    the parent organization;
    3. Melakukan reviu atas Laporan Triwulan Perseroan;                   3. Review the Company’s Quarterly Reports;
    4. Melakukan reviu dan rekomendasi atas rencana pelepasan             4. Review and provide recommendations on the plan for fixed
        aset tetap;                                                          asset divestment;
    5. Melakukan reviu dan rekomendasi atas buku rancangan                5. Review and provide recommendations on the draft revised
        revisi rencana jangka panjang Perseroan;                             long-term plan of the Company;
    6. Melakukan reviu atas Rancangan Rancangan Rencana Kerja             6. Review the Draft of the Company’s Work Plan and Budget
        dan Anggaran Perseroan Tahun 2025;                                   for 2025.




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   Sekretaris Perusahaan & Legal
   Corporate Secretary & Legal


   Berdasarkan Surat Keputusan Direktur Human Capital &                  Based on the Decree of Director of Human Capital & Corporate
   Corporate Affairs No. DC/SKEP-5181/20 tanggal 17 Juli 2020            Affairs No. DC/SKEP-5181/20dated July 17th 2020 regarding
   tentang Struktur Organisasi Corporate Secretary & Legal PT            Organizational Structure of Corporate Secretary & Legal PT
   Garuda Maintenance Facility Aero Asia Tbk, GMF melakukan              Garuda Maintenance Facility Aero Asia Tbk, GMF was updated
   perubahan atas struktur organisasi unit dengan fungsi sebagai         the organization structure of Corporate Secretary and Legal.
   Sekretaris Perusahaan dan Legal. Fungsi Sekretaris Perusahaan         The Corporate Secretary is to comply with OJK Regulation No.
   ini juga telah menyesuaikan dengan Peraturan OJK No. 35/              35/POJK.04/2014 concerning Corporate Secretary of Issuers
   POJK.04/2014 tentang Sekretaris Perusahaan Emiten atau                or Public Companies.
   Perusahaan Publik.


   PROFIL VP CORPORATE                                                   PROFILE OF CORPORATE
   SECRETARY & LEGAL                                                     SECRETARY & LEGAL VP

   Berdasarkan Surat Keputusan Direktur Human Capital &                  Based on the Director of Human Capital & Corporate Affairs
   Corporate Affairs No. DC/SKEP-5181/20 tanggal 17 Juli                 Decree No. DC/SKEP-5181/20 on July 17, 2020, the Company
   2020, Perseroan menunjuk Rian Fajar Isnaeni sebagai VP                has appointed Rian Fajar Isnaeni as the Corporate Secretary &
   Corporate Secretary & Legal. Pengangkatan VP Corporate                Legal VP. The appointment of the Corporate Secretary & Legal
   Secretary & Legal telah dilaporkan kepada OJK dan Bursa Efek          VP has been reported to OJK and Indonesia Stock Exchange
   Indonesia pada tanggal 21 Juli 2020 melalui surat No. GMF/            on July 21, 2020, through letter No. GMF/DT/SPE-2001/20 to
   DT/SPE-2001/20 untuk memenuhi Peraturan OJK No. 35/                   meet the OJK Regulation No. 35/POJK.04/2014 concerning
   POJK.04/2014 tentang Sekretaris Perusahaan Emiten atau                Corporate Secretary of an Emitent or a Public Company.
   Perusahaan Publik.


    Rian Fajar Isnaeni
    VP Corporate Secretary & Legal
    Periode Jabatan                            Menjabat sejak 21 Juli 2020
    Period                                     Took up the position on July 21, 2020
    Data Pribadi                               Warga Negara Indonesia | Indonesian Citizen
    Personal Data                              Usia 48 tahun | 48 years old
                                               Kelahiran Palembang, 17 Januari 1977 | Born in Palembang, January 17, 1977
    Domisili                                   Jakarta Timur, DKI Jakarta, Indonesia
    Domicile                                   East Jakarta, DKI Jakarta, Indonesia
    Bergabung di GMF                           7 Januari 2019 sebagai GM Legal & Corporate Governance
    Join GMF                                   January 7, 2019, as the GM Legal & Corporate Governance
    Pendidikan                                 Sarjana (S1) Program Hukum di Universitas Diponegoro
    Education                                  Bachelor’s Degree (S1) of Law in Diponegoro University
    Pengalaman Kerja                           • GM Legal & Corporate Governance PT Garuda Maintenance Facility Aero Asia Tbk (2019-2020)
    Work Experience                            • Legal Counsel and Compliance Officer PT SEI Consulting Jakarta (2015-2018)
                                               • Corporate Legal Manager PT Panasonic Gobel Indonesia (2013-2015)
    Pendidikan dan/atau Sertifikasi Profesi yang • Mengelola Risiko Siber dalam Industri Digital (23 September 2021) oleh LPPI
    Berlaku                                      • Advokasi Pelaku Usaha KPPU – AEI tentang Pedoman Penilaian terhadap Penggabungan,
    Education and/or Valid Professional            Peleburan atau Pengambilalihan (18 Desember 2020) Jakarta – KPPU
    Certifications                               • Pemahaman Filosofi dan Model Struktural Pengelolaan GRC Terpadu, 2020, Tangerang – PT
                                                   Sinergi Daya Prima
                                                 • Managing the Cyber Risk in the Digital Industry (September 23, 2021) by LPPI
                                                 • KPPU – AEI Entrepreneurs Advocacy concerning Assessment Guidelines for Merger,
                                                   Consolidation or Acquisition (December 18, 2020) Jakarta – KPPU
                                                 • Understanding the Philosophy and Structural Model of Integrated GRC Management, 2020,
                                                   Tangerang – PT Sinergi Daya Prima




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    STRUKTUR CORPORATE                                                  CORPORATE SECRETARY &
    SECRETARY & LEGAL                                                   LEGAL STRUCTURE



                                                Corporate Secretary & Legal




                                                                                         Investor Relation




                            Legal & Corporate                                         Corporate
                                                        Business Contract
                               Governance                                         Communication & CSR




    Kedudukan Sekretaris Perusahaan dalam struktur organisasi           The Corporate Secretary & Legal is positioned under the
    Perseroan berada langsung di bawah Direktur Utama. Sekretaris       President Director. The Corporate Secretary & Legal has several
    Perusahaan memiliki beberapa fungsi di bawahnya yaitu fungsi        functions underneath, including Corporate Communication,
    Corporate Communication, Business Contract, dan Legal &             Business Contract, and Corporate Legal, which is also
    Corporate Governance yang juga bertanggung jawab dalam              responsible for implementing corporate governance and acting
    pelaksanaan tata kelola perusahaan serta berfungsi sebagai          as the liaison between the internal and external parties of GMF.
    penghubung dengan pihak eksternal maupun internal GMF.

    Hingga akhir tahun 2024, jumlah karyawan yang tergabung             By the end of 2024, the employees of the Corporate Secretary
    dalam unit Sekretaris Perusahaan sebanyak 22 orang.                 & Legal consist of 22 people.


                                                   Jabatan                                                      Jumlah Karyawan
                                                   Position                                                      Total Employee
     Corporate Secretary                                                                                                   1
     SM Business Contract Specialist                                                                                       1
     SM Corporate Communication & CSR                                                                                      1
     SM Legal & Corporate Governance                                                                                       1
     Government Relation Executive                                                                                         1
     Secretary                                                                                                             1
     Senior Business Contract Specialist                                                                                   1
     Business Contract Specialist                                                                                          3
     Corporate Governance Analyst                                                                                          2
     Corporate Secretary Officer                                                                                           1
     Legal Advisor                                                                                                         2
     Legal Officer                                                                                                         2
     Corporate Communication Executive                                                                                     2
     Corporate Communication Officer                                                                                       3
     Jumlah
                                                                                                                          22
     Total


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   PEDOMAN KERJA CORPORATE                                         CORPORATE SECRETARY &
   SECRETARY & LEGAL                                               LEGAL WORK GUIDELINE

   Sekretaris Perusahaan GMF telah dilengkapi dengan Pedoman       GMF Corporate Secretary has been equipped with Work
   Kerja yang tertuang pada Surat Keputusan Direktur Utama         Guidelines as stated in the President Director Decree No.
   No. DT/SKEP-5015/24 tentang Organisasi Induk PT Garuda          DT/SKEP-5015/24 concerning the Parent Organisation of
   Maintenance Facility Aero Asia Tbk., dalam Pedoman Direksi      PT Garuda Maintenance Facility Aero Asia Tbk, in the Board
   Bab 9 tentang Organ Pendukung Direksi Hal.49-50, dan Surat      of Directors Guidelines Chapter 9 concerning Supporting
   Keputusan Direktur Human Capital & Corporate Affairs No.        Organs of the Board of Directors Page 49-50, and Decree of
   DC/SKEP-5354/22 tentang Struktur Organisasi Unit Corporate      the Director of Human Capital & Corporate Affairs No. DC/
   Secretary & Legal PT Garuda Maintenance Facility Aero Asia      SKEP-5354/22 concerning the Organisational Structure of the
   Tbk.                                                            Corporate Secretary & Legal Unit of PT Garuda Maintenance
                                                                   Facility Aero Asia Tbk.

   TUGAS DAN TANGGUNG JAWAB                                        CORPORATE SECRETARY & LEGAL
   CORPORATE SECRETARY & LEGAL                                     DUTIES AND RESPONSIBILITIES

   Tugas Sekretaris Perusahaan meliputi:                           The duties of the Corporate Secretary include:
   1. Memastikan penyelenggaraan Perseroan oleh Direksi dan        1. Ensuring that the Company's management by the Board
      Dewan Komisaris agar sesuai dengan Undang-undang                of Directors and Board of Commissioners is in accordance
      Perseroan Terbatas, Anggaran Dasar Perusahaan, Peraturan        with the Limited Liability Company Law, the Company's
      Bapepam dan LK, Otoritas Jasa Keuangan, peraturan Bursa         Articles of Association, Bapepam and LK Regulations, the
      Efek dan peraturan terkait lainnya;                             Financial Services Authority, Stock Exchange regulations
                                                                      and other related regulations;
   2. Mengikuti perkembangan seluruh peraturan-peraturan           2. Following the development of all regulations related to
      terkait penyelenggaraan Perseroan pada umumnya,                 the Company's management in general, employment,
      ketenagakerjaan, pasar modal guna memberikan                    capital markets in order to provide recommendations or
      rekomendasi atau pertimbangan kepada Direksi dan Dewan          considerations to the Board of Directors and Board of
      Komisaris dalam pengembalian keputusan;                         Commissioners in returning decisions;
   3. Memberikan masukan kepada Direksi dan Dewan Komisaris        3. Providing input to the Board of Directors and Board
      terkait pengelolaan dan administrasi kesekretariatan            of Commissioners regarding the management and
      Perseroan dalam pengambilan keputusan sesuai dengan             administration of the Company's secretariat in making
      ketentuan peraturan perundang-undangan yang berlaku             decisions in accordance with the provisions of laws and
      di bidang perseroan terbatas dan pasar modal;                   regulations applicable in the field of limited liability
                                                                      companies and capital markets;
   4. Bertindak selaku penghubung atau liaison officer bagi        4. Acting as a liaison officer for the Board of Directors and/or
      Direksi dan/atau Dewan Komisaris dengan Pemegang                Board of Commissioners with Shareholders, the Financial
      Saham, Otoritas Jasa Keuangan, masyarakat dan pemangku          Services Authority, the public and other stakeholders;
      kepentingan lainnya;
   5. Memastikan pengelolaan, menatausahakan, serta                5. Ensuring the management, administration, and storage
      menyimpan dokumen Perseroan yang termasuk, tetapi               of Company documents including, but not limited to, the
      tidak terbatas pada Daftar Pemegang Saham, Daftar Khusus        Shareholders Register, Special Register and minutes of
      dan risalah rapat Direksi, rapat Dewan Komisaris dan RUPS;      Board of Directors meetings, Board of Commissioners
                                                                      meetings and GMS;
   6. Mengkoordinasikan penyelenggaraan Sistem Pelaporan           6. Coordinating the implementation of the Whistleblowing
      Pelanggaran (Whistleblowing System/WBS) dengan                  System (WBS) by ensuring that the Violation Report is
      memastikan Laporan Pelanggaran ditindaklanjuti oleh             followed up by the WBS Officer and submitting the results
      WBS Officer dan menyampaikan hasil tindak lanjut Laporan        of the Violation Report follow-up to the Board of Directors
      Pelanggaran kepada Direksi dan/atau Dewan Komisaris             and/or Board of Commissioners and/or Shareholders;
      dan/atau Pemegang Saham;
   7. Menjamin penatalaksanaan dan ketersediaan informasi          7. Ensuring the implementation and availability of information
      yang diperlukan dalam pengambilan keputusan oleh                required in decision-making by the Board of Directors and
      Direksi dan Dewan Komisaris, termasuk memastikan                Board of Commissioners, including ensuring the quorum
      kuorum kehadiran peserta rapat sehingga dapat melakukan         of meeting participants so that they can make legitimate
      pengambilan keputusan yang sah sesuai dengan ketentuan          decisions in accordance with applicable provisions;
      yang belaku;




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    8. Mempersiapkan dan mengkoordinasikan penyelenggaraan            8. Preparing and coordinating the implementation of Board
        Rapat Direksi, Rapat Dewan Komisaris, Rapat Analis dan            of Directors Meetings, Board of Commissioners Meetings,
        RUPS serta forum korporasi lainnya;                               Analyst Meetings and GMS and other corporate forums;
    9. Memastikan dan mengkoordinasikan pelaksanaan program           9. Ensuring and coordinating the implementation of
        orientasi terhadap perusahaan dan pelatihan bagi Direksi          orientation programs for the company and training for
        dan/atau Dewan Komisaris;                                         the Board of Directors and/or Board of Commissioners;
    10. Memastikan tindakan koreksi terhadap hasil temuan pada        10. Ensuring corrective actions against the findings of the
        penilaian dan evaluasi atas penerapan GCG dan pada ranah          assessment and evaluation of the implementation of GCG
        lainnya yang merupakan tanggung jawab dari unit 1 (satu)          and in other areas that are the responsibility of the unit 1
        tingkat di bawah Direksi yang membidangi Sekretaris               (one) level below the Board of Directors in charge of the
        Perusahaan;                                                       Corporate Secretary;
    11. Menyampaikan secara berkala paling kurang 1 (satu) kali       11. Submit periodically at least 1 (one) time in 1 (one) year
        dalam 1 (satu) tahun mengenai pelaksanaan unit 1 (satu)           regarding the implementation of unit 1 (one) level below the
        tingkat di bawah Direksi yang membidangi Sekretaris               Board of Directors in charge of Corporate Secretary to the
        Perusahaan kepada Direksi dan ditembuskan kepada                  Board of Directors and copy to the Board of Commissioners;
        Dewan Komisaris;
    12. Menjalankan unit 1 (satu) Tingkat di bawah Direksi yang       12. Running unit 1 (one) Level below the Board of Directors
        membidangi Sekretaris Perseroan dengan tidak mengambil            in charge of Corporate Secretary without taking personal
        keuntungan Pribadi baik secara langsung maupun tindak             advantage either directly or indirectly, which is detrimental
        langsung, yang merugikan Perseroan;                               to the Company;
    13. Menjaga kerahasiaan dokumen, data dan informasi yang          13. Maintaining the confidentiality of documents, data and
        bersifat rahasia kecuali dalam rangka memenuhi kewajiban          information that are confidential except in order to fulfill
        sesuai dengan peraturan perundang-undangan atau                   obligations in accordance with laws and regulations or
        ditentukan lain dalam peraturan perundang-undangan;               otherwise determined in laws and regulations;
    14. Bertanggung jawab terhadap penyusunan strategi dan            14. Responsible for the preparation of the Company's strategies
        kebijakan Perseroan terkait struktur dan mekanisme                and policies related to the structure and mechanism of
        tata kelola perusahaan, berdasarkan prinsip-prinsip               corporate governance, based on GCG principles and based
        GCG dan berlandaskan peraturan perundang-undangan                 on laws and regulations and business ethics in general
        serta etika bisnis pada umumnya secara konsisten dan              consistently and continuously;
        berkesinambungan;
    15. Mengelola dan memitigasi risiko hukum bagi Perseroan          15. Managing and mitigating legal risks for the Company in
        dalam setiap rencana dan pelaksanaan perikatan dengan             every plan and implementation of engagement with third
        pihak ketiga sesuai dengan ketentuan Anggaran Dasar               parties in accordance with the provisions of the Company's
        Perusahaan dan peraturan perundang-undangan terkait;              Articles of Association and related laws and regulations;
    16. Mencegah terjadinya pelanggaran dalam Perseroan;              16. Preventing violations in the Company;
    17. Memastikan penyusunan segala jenis kontrak bisnis antara      17. Ensure the preparation of all types of business contracts
        Perseroan dengan customer, vendor, partner, dan pihak             between the Company and customers, vendors, partners,
        lainnya, dengan tetap menjaga kepentingan Persereoan              and other parties, while maintaining the interests of the
        dan ketentuan yang berlaku;                                       Company and applicable provisions;
    18. Bertanggung jawab dalam memastikan ketersediaan               18. Responsible for ensuring the availability of the
        pelaksanaan keterbukaan informasi atau fakta material             implementation of information disclosure or relevant
        yang relevan pada situs web atau media komunikasi lainnya         material facts on the website or other communication media
        termasuk dampak hukumnya sesuai dengan ketentuan                  including its legal impact in accordance with applicable
        yang berlaku;                                                     provisions;
    19. Mengikuti perkembangan pasar modal termasuk namun             19. Follow the development of the capital market including
        tidak terbatas pada peraturan perundang- undangan yang            but not limited to the laws and regulations applicable in
        berlaku di bidang pasar modal;                                    the capital market sector;
    20. Mengelola dan memitigasi risiko hukum bagi Perseroan          20. Manage and mitigate legal risks for the Company in every
        dalam setiap rencana dan pelaksanaan perikatan dengan             plan and implementation of engagement with third parties
        pihak ketiga sesuai dengan ketentuan Anggaran Dasar               in accordance with the provisions of the Company's Articles
        Perusahaan dan peraturan perundang-undangan terkait;              of Association and related laws and regulations;
    21. Mengembangkan strategi komunikasi Perseroan secara            21. Develop the Company's communication strategy effectively
        efektif dan wajar sejalan dengan tujuan, sasaran Perusahaan       and fairly in line with the Company's goals, objectives and
        dan prinsip GCG;                                                  GCG principles;
    22. Membangun terbentuknya citra Perseroan yang positif           22. Build a positive image of the Company by shareholders
        oleh pemegang saham dan seluruh pemangku kepentingan;             and all stakeholders;




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   23. Memastikan aktivitas Perseroan yang terkait dengan            23. Ensure that the Company's activities related to the CSR
       program CSR terselenggaran sesuai dengan visi dan misi            program are carried out in accordance with the Company's
       Perseroan;                                                        vision and mission;
   24. Menyelenggarakan dan mengkoordinir pelaksanaan                24. Organize and coordinate the implementation of the activities
       kegiatan-kegiatan Direksi dan Dewan Komisaris dalam               of the Board of Directors and Board of Commissioners in
       setiap aksi atau kegiatan korporasi termasuk namun tidak          every corporate action or activity including but not limited
       terbatas pada korespondensi, keprotokolan, dokumentasi            to correspondence, protocol, documentation and logistics;
       dan kelogistikan;
   25. Bertanggung jawab untuk menjalin hubungan baik                25. Responsible for establishing good relations with the
       dengan pemerintah terkait guna mendukung kelancaran               relevant government to support the smooth development
       pengembangan bisnis Perseroan;                                    of the Company's business;
   26. Menyampaikan laporan berkala perusahaan kepada                26. Submitting periodic company reports to the Financial
       Otoritas Jasa Keuangan dan Bursa Efek sesuai dengan               Services Authority and the Stock Exchange in accordance
       ketentuan yang berlaku;                                           with applicable provisions;
   27. Bertanggung jawab terhadap keberjalanan fungsi                27. Responsible for the implementation of the Investor
       Investor Relations guna memastikan komunikasi dengan              Relations function to ensure communication with strategic
       relasi strategis, aksi korporasi terkait pasar modal, serta       relations, corporate actions related to the capital market,
       pengelolaan informasi Perseroan dilaksanakan dengan               and management of the Company's information are carried
       wajar dan berimbang kepada investor, calon investor, analis       out fairly and in a balanced manner to investors, prospective
       dan pemangku kepentingan pasar modal pada umumnya                 investors, analysts and capital market stakeholders in
       dengan tetap mengutamakan prinsip kehati-hatian dalam             general while still prioritizing the principle of prudence
       menjaga kerahasiaan Perseroan sesuai dengan ketentuan             in maintaining the confidentiality of the Company in
       yang berlaku;                                                     accordance with applicable provisions;
   28. Memastikan tindakan koreksi terhadap setiap temuan hasil      28. Ensuring corrective actions for each finding of the audit
       pelaksanaan audit.                                                results.

   PENGEMBANGAN KOMPETENSI                                           COMPETENCY DEVELOPMENT FOR
   CORPORATE SECRETARY & LEGAL                                       CORPORATE SECRETARY & LEGAL

   Informasi mengenai daftar kegiatan pelatihan dan peningkatan      Information on the list of Corporate Secretary’s training and
   kompetensi yang diikuti VP dan pegawai Corporate Secretary        development programs for its VP and officers throughout 2024
   & Legal sepanjang tahun 2024 dapat dilihat pada bab Fungsi        is available in the chapter of Business Support Function of this
   Penunjang Bisnis dalam Laporan Terintegrasi ini.                  Integrated Report.

   PELAKSANAAN TUGAS CORPORATE                                       IMPLEMENTATION OF CORPORATE
   SECRETARY & LEGAL                                                 SECRETARY & LEGAL DUTIES

   Pelaksanaan tugas Corporate Secretary & Legal diklasifikan ke     The implementation of the Corporate Secretary & Legal’s duties
   dalam beberapa fungsi dengan rincian sebagai berikut:             is seen in several functions as follows:

   Legal & Corporate Governance                                      Legal & Corporate Governance
   Memastikan kepatuhan GMF terhadap segala peraturan                Ensured GMF’s compliance with the prevailing laws and
   perundang-undangan yang berlaku terkait dengan operasional        regulations in terms of business operation and others. This
   dan peraturan lainnya. Kepatuhan ini termasuk kepatuhan           compliance also covered the GCG principles and administration
   Perseroan dalam menerapkan prinsip-prinsip GCG,                   of the Company's documents. Providing analysis and
   sekaligus pendokumentasian dokumen-dokumen Perseroan.             consultation related to legal issues in general, Company
   Menyediakan analisis dan konsultasi terkait masalah hukum         policies and its management to ensure the suitability of the
   pada umumnya, kebijakan Perseroan dan penata kelolanya guna       implementation of the Company's business activities.
   memastikan kesesuaian pelaksanaan kegiatan usaha Perseroan.

   Business Contract                                                 Business Contract
   Menyusun dan mengevaluasi perjanjian atau kerja sama dengan       Prepare and evaluate the agreements or cooperations with
   pihak ketiga untuk memastikan kepentingan GMF terlindungi         third parties to protect GMF's interests in terms of business
   baik dari sisi bisnis maupun hukumnya. Adapun bentuk kerja        and legal perspectives. The forms of cooperation throughout
   sama yang terjadi selama tahun 2024 dapat dilihat pada bagian     2024 can be seen in the Cooperation with Other Partners in
   Kerja Sama dengan Mitra Lain di Bab Profil Perusahaan dalam       the Company Profile Chapter within this Integrated Report.
   Laporan Tahunan Terintegrasi ini.



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    Komunikasi Perusahaan                                                    Corporate Communication
    GMF berkomitmen untuk menjalin komunikasi yang efektif                   GMF is committed to establishing effective communications
    dengan publik dan pemangku kepentingan lainnya melalui                   with the public and other stakeholders through various
    berbagai saluran. Perseroan secara rutin menerbitkan siaran              channels. The Company regularly issues press releases and
    pers dan melakukan korespondensi dengan Otoritas Jasa                    corresponds with the Financial Services Authority (OJK) and
    Keuangan (OJK) serta Bursa Efek Indonesia (BEI) untuk                    the Indonesia Stock Exchange (IDX) to ensure accurate and
    memastikan keterbukaan informasi yang akurat dan tepat                   timely information disclosure. Additionally, GMF periodically
    waktu. Selain itu, GMF secara berkala menyampaikan informasi             provides employees with updates on company performance,
    kepada karyawan mengenai kinerja perusahaan, peristiwa                   significant events, and strategic initiatives. The Company also
    penting, dan inisiatif strategis. Perseroan juga menyediakan             offers platforms for employees to share feedback and strategic
    platform bagi karyawan untuk memberikan masukan dan                      opinions to foster overall performance improvement.
    opini strategis guna mendorong peningkatan kinerja secara
    keseluruhan.

    Siaran Pers                                                              Press conference
    Pada tahun 2024 GMF telah menerbitkan Siaran Pers sebanyak               In 2024, GMF has published 9 (nine) press releases which also
    9 (sembilan) siaran yang dimuat di website resmi Perseroan.              available on the Company's official website.



                                                                 Siaran Pers 2024
                                                                Press Release in 2024
                                                            Judul                                                         Tanggal Terbit
      No.                                                   Title                                                         Published Date
        1     GMF dan Airbus Sepakati Kerja Sama Perawatan Super Puma                                                   23 Februari 2024
              Airbus and GMF Sign Contract to Upgrade Indonesia's Super Puma Fleet                                      February 23, 2024
        2     GMFI Capai Pertumbuhan Signifikan pada Kinerja Finansial Tahun Buku 2023                                     1 April 2024
              GMFI Achieves Significant Growth in Financial Performance for the Fiscal Year 2023                           April 1, 2024
        3     Catatkan Perbaikan Finansial Signifikan, GMFI Terus Genjot Profitabilitas                                     28 Juni 2024
              Records Significant Financial Improvement, GMFI Continues to Boost Profitability                             June 28, 2024
        4     Asia Digital Engineering (ADE) dan GMF Bentuk Strategic Joint Investment untuk Memperluas                18 September 2024
              Layanan Landing Gear                                                                                     September 18, 2024
              Asia Digital Engineering (ADE) and GMF Form Strategic Joint Investment to Expand Landing Gear
              Services
        5     GMF dan Citilink Perkuat Sinergi Perawatan Armada                                                        19 September 2024
              GMF and Citilink Strengthen Fleet Maintenance Synergy                                                    September 19, 2024
        6     GMF dan AHI Jalin Kerja Sama Strategis Perawatan Pesawat di Halim Perdanakusuma                          20 September 2024
              GMF and AHI Establish Strategic Aircraft Maintenance Cooperation at Halim Perdanakusuma                  September 20, 2024
        7     GMF Perkuat Dominasi di Industri Aviasi Melalui Partisipasi di Bali International Airshow 2024           24 September 2024
              GMF Strengthens Aviation Industry Dominance at Bali International Airshow 2024                           September 24, 2024
        8     GMF Jalin Kerja Sama dan Eksplorasi Potensi Kolaborasi di MRO Asia Pacific 2024                          27 September 2024
              GMF Establishes Partnerships and Explores Potential Collaborations at MRO Asia Pacific 2024              September 27, 2024
        9     GMFI Gelar RUPSLB, Akselerasikan Proses Right Issue Guna Perkuat Struktur Permodalan                       28 Oktober 2024
              Shareholders (EGMS) to Accelerate Rights Issue Process for Strengthening Capital Structure                 October 28, 2024




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   Kegiatan Legal & Corporate Governance                           Legal & Corporate Governance Activities
   Memastikan kepatuhan GMF terhadap segala peraturan              Ensure GMF complies with all laws and regulations concerning
   perundang-undangan yang berlaku terkait dengan operasional      the Company's operations and others. This compliance includes
   bisnis Perseroan maupun peraturan lainnya. Kepatuhan ini        applying the principles of Good Corporate Governance, as well
   termasuk kepatuhan dalam menerapkan prinsip-prinsip Good        as administration of Company documents. These activities, in
   Corporate Governance, sekaligus pendokumentasian dokumen-       2024, comprised of:
   dokumen Perseroan. Kegiatan tersebut pada tahun 2024, di
   antaranya:
   1. Penyampaian Laporan Harta Kekayaan Penyelenggaraan           1. Submission of State Officials' Wealth Report (LHKPN) to
       Negara (LHKPN) kepada Komisi Pemberantasan Korupsi             the Corruption Eradication Commission (KPK) by the Board
       (KPK) oleh Direksi;                                            of Directors;
   2. Penandatanganan Pernyataan Kepatuhan atas Kode Etik          2. Signing of the Statement of Compliance with the Company's
       Perseroan (Code of Conduct);                                   Code of Ethics (Code of Conduct);
   3. Pelaksanaan kegiatan pengendalian gratifikasi sebagaimana    3. Implementation of gratification control activities as
       diatur dalam Surat Keputusan Direktur Utama Nomor              stipulated in the Decree of the President Director Number
       DT/SKEP-5017/24 tanggal 4 Oktober 2024 tentang                 DT/SKEP-5017/24 dated October 4th, 2024 concerning
       Pengendalian Gratifikasi di Lingkungan PT Garuda               Gratification Control within PT Garuda Maintenance
       Maintenance Facility Aero Asia Tbk;                            Facility Aero Asia Tbk;
   4. Terkait kebijakan pengendalian gratifikasi dan               4. Regarding the gratification control policy and
       Whistleblowing System, Perseroan menetapkan fungsi             Whistleblowing System, the Company has determined the
       Compliance Officer yang diatur dalam Surat Keputusan           Compliance Officer function as stipulated in the Decree of
       Keputusan Direktur Utama Nomor DT/SKEP-5020/20                 the President Director Number DT/SKEP-5020/[20 dated
       tanggal 14 Oktober 2020 sebagai pihak yang bertanggung         October 14th ,2020as the party collectively responsible
       jawab secara kolektif dalam pembuatan laporan efektivitas      for preparing reports on the effectiveness of gratification
       pengendalian gratifikasi dan berperan menjaga mekanisme        control and playing a role in maintaining the Whistleblowing
       Whistleblowing System;                                         System mechanism;
   5. Pembayaran pajak pribadi tepat waktu dan tepat jumlah;       5. Payment of personal taxes on time and in the correct
                                                                      amount;
   6. Penyampaian laporan Daftar Khusus Kepemilikan Saham          6. Submission of the Special List of Share Ownership Reports of
      Direksi dan anggota keluarganya guna menghindari                the Directors and their family members to avoid conflicts of
      benturan kepentingan secara berkala setiap tahun;               interest periodically every year; Increasing the effectiveness
                                                                      of the Whistleblowing
   7. Peningkatan efektivitas Whistleblowing System melalui        7. System through reviewing the effectiveness and following
      peninjauan efektivitas dan penindaklanjutan setiap              up on every report received by the party tasked with
      pelaporan yang masuk oleh pihak yang bertugas untuk             managing violation reports and optimizing the delivery of
      mengelola pelaporan pelanggaran dan optimalisasi                the Whistleblowing System through several media every
      penyampaian Whistleblowing System melalui beberapa              six months.
      media setiap enam bulan sekali.




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                                                                                                   Internal Audit
                                                                                                               Internal Audit


    Internal Audit bertugas membantu manajemen dalam                      Internal Audit is responsible for assisting the management in
    memaksimalkan efektivitas pengendalian intern. Internal Audit         optimizing the effectiveness of internal control. Internal Audit
    berperan sebagai assurance and consultant dalam mengevaluasi          acts as an assurance and consultant in evaluating the internal
    sistem pengendalian internal, pengelolaan risiko, dan penerapan       control system, risk management, and the GCG implementation
    GCG atas kegiatan operasional.                                        in operational activities.

    PROFIL KEPALA INTERNAL AUDIT                                          PROFILE OF INTERNAL AUDIT HEAD

    Berdasarkan Surat Keputusan No. DC/SKEP-5315/21 tanggal               Based on Decree No. DC/SKEP-5315/21 dated November
    10 November 2021 dan persetujuan Dewan Komisaris dengan               10, 2021, and approval from the Board of Commissioners
    surat No. GMF/DEKOM-031/21 tanggal 30 September                       with letter No. GMF/DEKOM-031/21 dated September 30,
    2021, Perseroan menunjuk Deddy Fezantino sebagai Kepala               2021, the Company appointed Deddy Fezantino as Head of
    Unit Internal Audit. Pengangkatan VP berdasarkan pada                 the Internal Audit Unit. The appointment of VP is based on his
    aspek kemampuan, kompetensi, dan keahlian sesuai yang                 ability, competence, and expertise as required by the Company.
    dipersyaratkan Perseroan.


     Deddy Fezantino
     Kepala Unit Internal Audit
     Head of Internal Audit Unit
     Periode Jabatan                        Menjabat sejak 22 November 2021
     Period                                 Serving since November 22, 2021
     Data Pribadi                           Warga Negara Indonesia | Indonesian Citizen
     Personal Data                          Umur 50 tahun | 50 years old
                                            Kelahiran Padang, 8 Februari 1975 | Born in Padang on February 8, 1975
     Domisili                               Bekasi, Jawa Barat, Indonesia
     Domicile
     Bergabung di GMF                       1 September 2014 sebagai GM Budgeting & Controlling
     Join GMF                               September 1, 2014, as the GM Budgeting & Cotrolling
     Pendidikan                             Magister Administrasi dan Kebijakan Bisnis – Universitas Indonesia (2004)
     Education                              Sarjana Akuntansi – Universitas Indonesia (1998)
                                            Master of Business Policy & Administration – University of Indonesia (2004)
                                            Bachelor of Accounting - University of Indonesia (1998)
     Pengalaman Kerja                       VP Accounting, PT GMF Aero Asia Tbk (2018-2021)
     Work Experience                        GM Management Reporting & Financial Planning, PT GMF Aero Asia Tbk (2016-2018)
                                            GM Payable & Receivable Accounting, PT GMF Aero Asia Tbk (2015-2016)
                                            GM Budgeting & Controlling, PT GMF Aero Asia Tbk (2014-2015)
                                            Finance Manager, PT Indonesia Air Transport Tbk (2010-2014)
                                            Department Head of Accounting, PT Aero Systems Indonesia (2005-2010)
                                            Tax, Finance & Accounting Supervisor, PT Indomobil Trada Nasional (2004-2005)
                                            Accounting Section Head, PT Tempo Inti Media Tbk (1999-2004)
                                            Administration Staff, IPMI Management Center (1998)
     Jabatan Rangkap                        VP Internal Audit, PT GMF Aero Asia Tbk (2020-saat ini)
     Concurrent Position                    VP Internal Audit, PT GMF Aero Asia Tbk (2020-present)
     Sertifikasi Profesi                    Qualified Internal Auditor (QIA) dari Yayasan Pendidikan Internal Audit (YPIA) (2022-saat ini)
     Professional Certification             Chartered Accountant (CA) dari Ikatan Akuntan Indonesia (2014-saat ini)
                                            Qualified Internal Auditor (QIA) from the Internal Audit Education Foundation (YPIA) (2022-present)
                                            Chartered Accountant (CA) from Institute of Indonesia Chartered Accountants (2014-present)




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   STRUKTUR DAN KEDUDUKAN                                                     STRUCTURE AND POSITION
   INTERNAL AUDIT                                                             OF INTERNAL AUDIT

   Struktur Internal Audit Perusahaan mengacu pada Surat                      The Company’s Internal Audit structure refers to Decree
   Keputusan No. DC/SKEP-5127/21 tentang Struktur Organisasi                  No. DC/SKEP-5127/21 on June 8, 2021, concerning the
   Unit Internal Audit PT Garuda Maintenance Facility Aero Asia               Organization Structure of Internal Audit of PT Garuda
   Tbk tanggal 8 Juni 2021. Kedudukan Unit Internal Audit berada              Maintenance Facility Aero Asia Tbk. The Internal Audit Unit
   langsung di bawah Direktur Utama.                                          is positioned under the President Director.


                                                             Internal Audit
                                                             Audit Internal
                                                                                           Lead Audit Internal Audit Quality
                                                                                              Assurance & Development



                                                                                              Production & Engineering



                                                                                             Financial, Material & Asset



                                                                                                      IT & HCM



                                                                                           Corporate Function & Marketing




                                   Corporate & Financial Audit                  Operational & IT Audit




   Hingga akhir tahun 2024, jumlah auditor internal Perseroan                 By the end of 2024, the Company’s internal auditors were
   adalah sebanyak 16 orang.                                                  comprised of Sixteen 16 people.


                                                    Jabatan                                                                     Jumlah Karyawan
                                                    Position                                                                     Total Employee
    Vice President                                                                                                                        1
    Senior Manager                                                                                                                        2
    Lead Auditor                                                                                                                          4
    Senior Auditor                                                                                                                        3
    Auditor                                                                                                                               6

    Jumlah
                                                                                                                                          16
    Total


   KUALIFIKASI ATAU SERTIFIKASI                                               AUDITOR PROFESSIONAL
   PROFESI AUDITOR                                                            QUALIFICATION OR CERTIFICATION

   Mayoritas auditor internal Perseroan telah tersertifikasi QIA.             Most of the Company’s internal auditors are a certified QIA.
   Informasi tersebut dapat dilihat di tabel berikut:                         The information is available in the following table:


                                                                           Jumlah Personil              Persentase Terhadap Keseluruhan Tim
               Sertifikasi                       Jabatan                  Terserfikasi (orang)                      Internal Audit
              Certification                      Position                 Certified Personnel         Percentage Against the Entire Internal Audit
                                                                                (person)                                Team
    Certified Risk Management Senior Manager                                       1                                           6.25%
    Professional (CRMP)
    Chartered Accountants (CA)      Vice President                                 1                                           6.25%
    Qualified Internal Auditor (QIA) Vice President                               10                                           6.25%
                                     Senior Manager
                                     Lead Auditor Senior Auditor



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    KODE ETIK AUDITOR                                                 CODE OF CONDUCT FOR AUDITOR

    Kode Etik yang berlaku bagi auditor internal Perseroan adalah:    The code of conduct for the Company’s internal auditor covers
                                                                      the following:
    1. Integritas, dengan mendemonstrasikan integritas dalam          1. Integrity, by demonstrating integrity in work and behavior.
       pekerjaan dan perilaku.
       1.1. Melaksanakan pekerjaannya secara professional                1.1. Carry out their work in a professional manner based
       berlandaskan prinsip kejujuran dan keberanian.                    on the principles of honesty and courage.
       1.2. Memahami, menghormati, memenuhi, dan berkontribusi           1.2. Understand, respect, fulfill, and contribute to applicable
       terhadap etika yang berlaku dan mampu mengidentifikasi            ethics and be able to identify behaviors that conflict with
       perilaku yang bertentangan dengan etika tersebut.                 these ethics.
       1.3. Memahami dan mematuhi perundang-undangan yang                1.3. Understand and comply with applicable laws both inside
       berlaku baik di dalam maupun luar area Perusahaan.                and outside the Company area.
    2. Objektivitas, dengan mempertahankan sikap tidak memihak        2. Objectivity, by maintaining an impartial and unbiased
       dan tidak bias ketika melakukan jasa audit internal dan           attitude when performing internal audit services and
       mengambil keputusan.                                              making decisions.
       2.1. Menjaga objektivitas profesional ketika melaksanakan         2.1. Maintain professional objectivity when performing
       penugasan.                                                        engagements.
       2.2. Tidak menerima barang berwujud atau tidak berwujud,          2.2. Not accepting tangible or intangible items, such as
       seperti hadiah, imbalan, atau bantuan, yang dapat                 gifts, rewards, or favors, that could impair or be perceived
       mengganggu atau dianggap mengganggu objektivitas                  to impair objectivity.
       2.3. Mengungkap pelemahan objektivitas baik secara fakta          2.3. Disclose any weakening of objectivity in fact or
       maupun penampilan (in fact or appearance) kepada pihak            appearance to interested parties.
       yang berkepentingan.
    3. Kompetensi, dengan menerapkan pengetahuan,                     3. Competence, by applying the knowledge, skills and abilities
       keterampilan, dan kemampuan untuk memenuhi peran                  to fulfill their roles and responsibilities successfully.
       dan tanggung jawabnya dengan sukses.
       3.1. Memiliki kompetensi untuk melaksanakan tanggung               3.1. Have the competence to carry out their responsibilities
       jawabnya dan terus mengembangkan serta menerapkan                  and continuously develop and apply the competencies
       kompetensi yang diperlukan untuk memenuhi tanggung                 necessary to fulfill their professional responsibilities.
       jawab profesionalnya.
       3.2. Mengupayakan pengembangan profesional                        3.2. Pursue continuous professional development including
       berkelanjutan termasuk pendidikan dan pelatihan.                  education and training.
    4. Kecermatan Profesional, dengan menerapkan kecermatan           4. Professional Care, by applying professional care in planning
       profesional dalam merencanakan dan melaksanakan jasa              and performing internal audit services.
       audit internal.
       4.1. Merencanakan dan melaksanakan jasa audit internal            4.1. Plan and perform internal audit services in accordance
       sesuai dengan Standar Audit Internal Global.                      with Global Internal Auditing Standards.
       4.2. Menerapkan kecermatan profesional dengan menilai             4.2. Apply professional care by assessing the nature,
       sifat, keadaan, dan persyaratan jasa yang akan diberikan.         circumstances, and requirements of the services to be
                                                                         provided.
       4.3. Melaksanakan skeptisisme profesional ketika                  4.3. Exercise professional skepticism when planning and
       merencanakan dan melaksanakan jasa audit internal.                performing internal audit services.
    5. Kerahasiaan, dengan menggunakan dan melindungi                 5. Confidentiality, by using and protecting information
       informasi dengan tepat.                                           appropriately.
       5.1. Tidak menyebarkan informasi untuk keuntungan pribadi         5.1. Not disseminate information for personal gain or in a
       atau dengan cara yang bertentangan dengan peraturan               manner contrary to Company regulations.
       Perusahaan.
       5.2. Melindungi informasi dan menjaga kerahasiaan, privasi,        5.2. Protect information and maintain the confidentiality,
       dan kepemilikan informasi yang diperoleh saat melakukan            privacy, and ownership of information obtained while
       jasa audit internal atau sebagai hasil hubungan profesional.       performing internal audit services or as a result of a
                                                                          professional relationship.




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   PEDOMAN KERJA                                                        WORK GUIDELINES


                       Piagam Internal Audit telah diunggah di website resmi GMF dan dapat diakses oleh publik
                   Internal Audit Charter has been uploaded to the official website of GMF and accessible for the public



                                                                CLICK HERE




   Dalam menjalankan tugas dan tanggung jawabnya, Internal              In carrying out its duties and responsibilities, Internal Audit
   Audit mengacu pada pedoman kerja sebagai berikut:                    refers to the following work guidelines:

   1. Piagam Internal Audit                                             1. Internal Audit Charter
      Piagam Internal Audit merupakan rujukan tertinggi                    The Internal Audit Charter is the highest reference for the
      pelaksanaan aktivitas Audit Internal yang ditetapkan oleh            implementation of Internal Audit activities determined
      Direktur Utama dan Komisaris Utama. Piagam Internal                  by the President Director and the Chief Commissioner.
      Audit pertama kali disahkan pada bulan Januari 2005.                 The Internal Audit Charter was first ratified in January
      Dokumen tersebut telah dikaji ulang kembali dalam rangka             2005. The document has been reviewed again in the
      penyesuaian peraturan kondisi dan organisasi Perseroan               context of adjusting the Financial Services Authority (OJK)
      disahkan pada tanggal 27 Desember 2024. Piagam Internal              regulations and ratified on December 27, 2024. The Internal
      Audit berisi visi, misi, sasaran audit internal, kedudukan           Audit Charter contains the vision, mission, internal audit
      unit Internal Audit, wewenang, kewajiban, independensi,              objectives, the position of the Internal unit Audit, authority,
      tanggung jawab, standar audit, ruang lingkup kegiatan                obligation, independence, responsibility, audit standards,
      Audit, hubungan dengan eksternal auditor dan Komite                  the scope of Audit activities, relations with external auditors
      Audit.                                                               and the Audit Committee.

   2. Kebijakan Internal Audit                                          2. Internal Audit Policy
      Kebijakan Internal Audit merupakan hasil dari revisi yang            The Internal Audit Policy is the result of a revision that
      disahkan pada 10 Mei 2017, sebagai salah satu langkah                was passed on May 10, 2017, as one step in harmonizing
      dalam menyeleraskan dengan kondisi organisasi yang ada               with existing organizational conditions and adjusting the
      serta menyesuaikan format SOP terbaru. Kebijakan Internal            latest SOP format. Internal Audit Policy contains roles
      Audit berisi peran dan tanggung jawab, standar profesi,              and responsibilities, professional standards, policies, risk
      kebijakan, penilaian risiko dan perencanaan audit, layanan           assessment and audit planning, audit services, evidence and
      audit, bukti dan kertas kerja audit, pengendalian aktivitas          audit working papers, internal audit activity control, internal
      audit internal, monitoring aktivitas audit internal, sistem          audit activity monitoring, internal audit unit information
      informasi unit audit internal, layanan investigasi, layanan          systems, investigation services, advisory services, and
      advis, dan pengembangan karir auditor dan konseling.                 auditor career development and counseling.

   3. Prosedur Bisnis dan Instruksi Kerja                               3. Business Procedures and Work Instructions
      Prosedur bisnis dan instruksi kerja ditetapkan oleh VP               Business procedures and work instructions are established
      Internal Audit sebagai panduan operasional aktivitas                 by VP Internal Audit as a guide to operational activities
      Internal Audit. Prosedur bisnis yang telah ditetapkan yakni,         for Internal Audit. The established business procedures
      PB-07-002 Audit internal dan tindak lanjut Atas Audit                are PB-07-002 Internal Audit and follow-up to Internal
      internal, PB-07-010 Pelayanan Jasa Konsultasi dan PB-                Audit, PB07-010 Consultancy Services and PB-07-003
      07-003 Quality Assurance Review. Instruksi kerja yang                Quality Assurance Review. Work instructions that have
      telah ditetapkan seperti Pelaksanaan Entry Meeting,                  been determined include the Implementation of Entry
      Pendokumentasian Kertas Kerja Audit, Penyusunan                      Meetings, Documentation of Audit Working Papers,
      Laporan Hasil Audit, Pengelolaan Tindak Lanjut Audit, dan            Preparation of Audit Reports, Management of Follow-Up
      Penyusunan Laporan Interim Audit. Saat ini Unit Internal             Audit, and Preparation of Interm Audit Reports.
      Audit sedang melakukan review terhadap SOP yang ada
      disesuaikan dengan kondisi dan situasi organisasi Perseroan
      saat ini.

   Internal Audit juga bekerja dengan berpedoman pada Audit             Internal Audit also works according to the Audit Plan and
   Plan dan perangkat operasional melalui aplikasi Audit Work           operational tools such as those available in the Audit Work
   System (AWS).                                                        System (AWS) application.


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    TUGAS, KEWENANGAN, DAN                                             DUTIES, AUTHORITIES, AND
    RUANG LINGKUP KEGIATAN                                             SCOPE OF ACTIVITIES

    Kewenangan Internal Audit adalah sebagai berikut:                  The authorities of Internal Audit are as follows:
    1. Memiliki akses tanpa batas terhadap data, catatan,              1. Have unrestricted access to necessary data, records,
       informasi, personel, dan properti fisik yang diperlukan            information, personnel, and physical property related to
       terkait dengan tugas dan fungsi audit internal.                    internal audit duties and functions.
    2. Melakukan komunikasi secara langsung dengan Direksi,            2. Communicate directly with the Board of Directors, Board
       Dewan Komisaris dan/atau Komite Audit.                             of Commissioners and/or Audit Committee.
    3. Melakukan penyelenggaraan rapat secara berkala dan              3. Organize regular and incidental meetings with the Board of
       insidentil dengan Direksi, Dewan Komisaris, dan Komite             Directors, Board of Commissioners, and Audit Committee.
       Audit.
    4. Melakukan koordinasi kegiatan Audit Internal dengan             4. Coordinating Internal Audit activities with External Auditor
       kegiatan Auditor Eksternal agar tidak terjadi duplikasi            activities to avoid duplication of audit processes in the
       proses audit pada area yang sama.                                  same area.
    5. Memberikan jasa advisori dan asurans terkait hal yang           5. Provide advisory and assurance services related to
       bersifat strategis baik pada saat perencanaan maupun pada          strategic matters both during planning and during
       saat pelaksanaan kegiatan operasional seperti audit kinerja,       the implementation of operational activities such as
       asurans mengenai pengendalian internal atas pelaporan              performance audits, assurance regarding internal control
       keuangan, dan investigasi.                                         over financial reporting, and investigations.
    6. Mengalokasikan sumber daya audit termasuk melakukan             6. Allocate audit resources including the selection of
       pemilihan sumber daya manusia yang kompeten,                       competent human resources, determine the focus, and
       menentukan fokus, ruang lingkup dan jadwal audit, serta            selection of competent human resources, determining
       menerapkan teknik yang dipandang perlu untuk mencapai              the focus, scope and schedule of the audit, and applying
       tujuan audit. Jika dipandang perlu, audit internal memiliki        techniques deemed necessary to achieve the audit
       wewenang untuk mendapatkan saran dan nasehat dari                  objectives applying techniques deemed necessary to
       tenaga profesional (tenaga ahli) dengan biaya perusahaan.          achieve the audit objectives. If necessary, internal audit is
       Jika sumber daya yang dimiliki tidak cukup untuk mencakup          authorized to obtain advice and counsel from professionals
       penugasan yang direncanakan, audit internal dapat meminta          (experts) at company expense. If resources are insufficient
       seorang ahli dari dalam perusahaan untuk bertindak                 to cover planned engagements, internal audit may request
       sebagai auditor tamu, mempekerjakan staf tambahan,                 an expert from within the company to act as a guest auditor,
       mengandalkan penyedia asurans lain, mengembangkan                  hire additional staff, rely on other assurance providers,
       program rotasi audit, atau kontrak dengan penyedia jasa            develop an audit rotation program, or contract with external
       eksternal.                                                         service providers.
    7. Wewenang Auditor Internal sebatas pada penilaian dan            7. The authority of the Internal Auditor is limited to the
       analisa atas aktifitas yang direviu/diaudit. Auditor Internal      assessment and analysis of the activities reviewed/
       tidak mempunyai wewenang dalam hal pelaksanaan dan                 audited. The Internal Auditor has no authority in terms
       tanggung jawab atas aktifitas yang direviu/diaudit tersebut.       of implementation and responsibility for the activities
                                                                          reviewed/audited.

    Ruang lingkup Internal Audit adalah sebagai berikut:               The scope of Internal Audit work is as follow:

    Mencakup seluruh organisasi yang menjadi tanggung jawab            Covers the entire organization for which the internal audit
    fungsi audit internal (baik jasa asurans maupun jasa advisori).    function is responsible (both assurance and advisory services).
    Hal ini mencakup seluruh aktivitas, aset, dan personel dari        This includes all activities, assets, and personnel of the company
    perusahaan termasuk anak usaha, meliputi:                          including subsidiaries, including:
    1. Efektivitas pelaksanaan tata kelola, manajemen risiko, dan      1. The effectiveness of the Company's governance, risk
       pengendalian internal Perusahaan.                                   management, and internal controls.
    2. Efisiensi dan efektivitas di bidang keuangan, komersial,        2. Efficiency and effectiveness in financial, commercial,
       operasional, sumber daya manusia, teknologi informasi               operational, human resources, information technology
       dan keamanan siber, dan kegiatan lainnya.                           and cybersecurity, and other activities.
    3. Efisiensi dan efektivitas ketaatan terhadap kebijakan,          3. Efficiency and effectiveness of compliance with applicable
       prosedur, peraturan dan etika organisasi yang berlaku.              policies, procedures, regulations and organizational ethics.
    4. Tata kelola teknologi informasi, risiko fraud, dan bidang       4. Information technology governance, fraud risk, and other
       berisiko tinggi lainnya.                                            high-risk areas.
    5. Menjamin pelaksanaan audit internal pada masing-masing          5. Ensure the implementation of internal audit at each
       Anak Perusahaan.                                                    Subsidiary. Competency Development for Internal Audit




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   PENGEMBANGAN KOMPETENSI                                              COMPETENCY DEVELOPMENT
   INTERNAL AUDIT                                                       FOR INTERNAL AUDIT

   Informasi mengenai daftar kegiatan pelatihan dan peningkatan         Information on the list of Internal Audit’s training and
   kompetensi yang diikuti pejabat dan personil Internal Audit          development programs for its executives and officers
   sepanjang tahun 2024 dapat dilihat pada Laporan Keberlanjutan        throughout 2024 is available in Sustainability Report of this
   dalam Laporan Terintegrasi ini.                                      Integrated Report.

   PELAKSANAAN TUGAS INTERNAL AUDIT                                     IMPLEMENTATION OF
                                                                        INTERNAL AUDIT DUTIES


   Unit Internal Audit telah merealisasikan Audit Plan untuk            The Internal Audit Unit has implemented the Audit Plan for
   periode tahun 2024 sebanyak 10 pemeriksaan. Adapun secara            the 2024 period with 10 audits. Overall, there are 8 monitoring
   keseluruhan atas laporan pengawasan oleh Internal Audit yang         reports by Internal Audit issued during 2024, including annual
   diterbitkan selama tahun 2024 sebanyak 8 laporan, termasuk           audits and audits at the request of the Management. Apart from
   di dalamnya pemeriksaan tahunan dan permeriksaan atas                carrying out inspections, the Internal Audit unit also carries out
   permintaan Manajemen. Selain menjalankan pemeriksaan,                other work programs which include the following activities:
   unit Internal Audit juga melaksanakan program kerja lainnya
   yang meliputi kegiatan sebagai berikut:
   1. Pendampingan Audit Eksternal;                                     1.   External Audit Assistance;
   2. Pendampingan Assessment Eksternal;                                2.   External Assessment Assistance;
   3. Melaksanakan Fungsi Konsultasi;                                   3.   Implementing Consultation Function;
   4. Melaksanakan Peningkatan Fungsi Quality Assurance;                4.   Implementing Quality Assurance Function Improvement;
   5. Melaksanakan Komunikasi dengan Komite Audit;                      5.   Implementing Communication with Audit Committee;
   6. Melaksanakan Komunikasi dengan Direktur Utama;                    6.   Implementing Communication with President Director;
   7. Melaksanakan Assessment terhadap Dinas Internal Audit             7.   Carry out Assessment of the Internal Audit Service in 2023;
       Tahun 2023;
   8. Menyusun Audit Plan 2025;                                         8. Develop Audit Plan 2025;
   9. Pengembangan Profesi Berkelanjutan Internal Audit;                9. Internal Audit Continuous Professional Development;
   10. Melaksanakan Continous Auditing.                                 10. Implement Continous Auditing.

   QUALITY ASSURANCE REVIEW                                             QUALITY ASSURANCE REVIEW

   GMF memiliki Quality Assurance Review (QAR) untuk                    GMF has a Quality Assurance Review (QAR) to develop,
   mengembangkan, menjaga, dan memperbaiki kualitas audit               maintain, and improve the quality of internal audit according
   internal sesuai standar Institute of Internal Auditors (AII) tahun   to the Institute of Internal Auditors (AII) standard in 2016 by the
   2016 oleh Badan Pengawas Keuangan dan Pembangunan                    Financial and Development Supervisory Agency (BPKP), with
   (BPKP), dengan hasil dari sisi kepatuhan tergolong “Patuh”           the results in terms of compliance classified as "Compliant" and
   dan dan dari sisi efektivitas kegiatan tergolong “Cukup Efektif”.    in terms of effectiveness of activities classified as "Moderately
                                                                        Effective".

   Perseroan telah melakukan peningkatan dari sisi kepatuhan dan        The Company has improved its internal audit’s compliance
   efektivitas audit internal di tahun 2018-2019 dengan merujuk         and effectiveness from 2018 to 2019 using the Opportunity
   kepada Opportunity of Improvement (OFI) yang disampaikan             of Improvement (OFI) issued by BPKP.
   oleh BPKP.

   Pada tahun 2024 dilakukan assessment terhadap kualitas fungsi        In 2024, an external assessment was carried out on the quality
   internal audit oleh pihak eksternal dan pada proses tersebut         of the internal audit function and the result is Level 3 With
   memperoleh hasil Level 3 Dengan Catatan (3 DC).                      Notes (3 DC).




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    MONITORING TINDAK LANJUT                                     MONITORING ON FOLLOW-UP OF
    TEMUAN INTERNAL AUDIT 2022-2023                              INTERNAL AUDIT FINDINGS IN 2022-2023


    Pada tahun 2024, Unit Internal Audit telah melakukan         In 2024, the Internal Audit Unit had monitored the follow-up
    monitoring tindak lanjut temuan auditor internal sebanyak    action on the internal auditor’s 63 (sixty three) findings, which
    63 (enam puluh tiga) temuan dengan status sebagai berikut:   resulted in the following status:


                    Tahun                      Temuan
                                                                              Open                              Closed
                     Year                      Finding
     2024                                         50                            5                                  45
     2023                                         13                            0                                  13

     Jumlah
                                                  63                            5                                  58
     Total




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   Quality Assurance & Safety
   Quality Assurance & Safety


   Perseroan memiliki Quality Assurance & Safety untuk                    The Company has a Quality Assurance & Safety to help the
   membantu manajemen menerapkan standar peraturan                        management comply with the national and international
   undang-undang penerbangan, yang berlaku secara nasional dan            aviation regulations to gain assurance of aircraft maintenance's
   internasional, untuk mendapatkan jaminan dalam mewujudkan              airworthiness.
   proses pemeliharaan pesawat yang laik terbang.

   PROFIL KEPALA QUALITY                                                  PROFILE OF QUALITY ASSURANCE
   ASSURANCE & SAFETY                                                     & SAFETY HEAD

   Quality Assurance & Safety dipimpin oleh seorang Vice                  Quality Assurance & Safety is led by a Vice President (VP)
   President (VP) yang bertanggung jawab langsung kepada                  who reports directly to the President Director. Based on the
   Direktur Utama. Berdasarkan Surat Keputusan Direktur Human             Decree of the Director of Human Capital & Corporate Affairs
   Capital & Corporate Affairs No. DC/SKEP-5097/22 tanggal 1              No. DC/SKEP-5097/22 dated March 1st, 2022, the Company
   Maret 2022, Perseroan menunjuk Arif Sugianto sebagai Kepala            appointed Arif Sugianto as Head of the Quality Assurance &
   Unit Quality Assurance & Safety. Unit Quality Assurance &              Safety Unit. The Quality Assurance & Safety Unit is equipped
   Safety dilengkapi pedoman kerja yang tertuang dalam Surat              with work guidelines contained in Decree No. DC/SKEP-
   Keputsan No. DC/SKEP-5222/24 tentang Struktur Organisasi               5222/24 concerning Organizational Structure of the Quality
   Unit Quality Assurance & Safety PT Garuda Maintenance facility         Assurance & Safety Unit of PT Garuda Maintenance facility
   Aero Asia Tbk.                                                         Aero Asia Tbk.


    Arif Sugianto
    Kepala Unit Quality Assurance & Safety
    Head of Quality Assurance & Safety Unit
    Periode Jabatan                           Menjabat sejak 1 Agustus 2021
    Period                                    Serving since August 1, 2021
    Data Pribadi                              Warga Negara Indonesia | Indonesian Citizen
    Personal Data                             Usia 56 tahun | 56 years old
                                              Kelahiran Pasuruan, 25 Maret 1969 | Born in Pasuruan on March 25, 1969
    Domisili                                  Tangerang, Banten, Indonesia
    Domicile
    Bergabung di GMF                          1 Februari 2002 sebagai Staff Dept Aircraft Engineering (Master Engineer)
    Join GMF                                  February 1, 2002, as the Staff of Aircraft Engineering Department (Master Engineer)
    Pendidikan                                • S3 Production & Information Science, Utsunomiya University (2008)
    Education                                 • S2 Mechanical Systems Engineering, Utsunomiya University (2005)
                                              • S1 Teknik Mesin, Institut Teknologi Sepuluh November (ITS) Surabaya (1994)
                                              • Doctorate Degree in Production & Information Science, Utsunomiya University, Utsunomiya
                                                University (2008)
                                              • Master’s Degree in Mechanical Systems Engineering, Utsunomiya University (2005)
                                              • Bachelor’s Degree in Engineering, Sepuluh Nopember Institute of Technology (ITS) Surabaya




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                                                                                                                                                  Corporate Governance




     Pengalaman Kerja                                    • SM Safety Inspection GMF (Juli 2020-Juli 2021)
     Work Experience                                     • GM Quality System & Auditing Engine Maintenance GMF (Desember 2018-Juli 2020)
                                                         • GM Aircraft Data Group GMF (Oktober 2017-Desember 2018)
                                                         • GM Reliability Engineering & Services GMF (Juli 2013-Oktober 2017)
                                                         • Master Engineering GMF (Desember 2012-Juli 2013)
                                                         • Senior Development Engineer GMF (Juli 2011-November 2012)
                                                         • Aircraft Engineer GMF (Februari 2002 - Juli 2011)
                                                         • Aircraft Engineer Garuda Indonesia (Desember 1994 - Januari 2002)
                                                         • SM Safety Inspection GMF (July 2020-July 2021)
                                                         • GM Quality System & Auditing Engine Maintenance GMF (December 2018-July 2020)
                                                         • GM Aircraft Data Group GMF (October 2017-December 2018)
                                                         • GM Reliability Engineering & Services GMF (July 2013-October 2017)
                                                         • Master Engineering GMF (December 2012-July 2013)
                                                         • Senior Development Engineer GMF (July 2011-November 2012)
                                                         • Aircraft Engineer GMF (February 2002 - July 2011)
                                                         • Aircraft Engineer Garuda Indonesia (December 1994 - January 2002)



    STRUKTUR QUALITY ASSURANCE & SAFETY                                                     QUALITY ASSURANCE & SAFETY STRUCTURE


                                                                          Quality Assurance & Safety



                                                                                                       Quality System & Auditing
                                                                                                          base Maintenance

                                                                                                     Engine & Component Services
                                                                                                             Engineering,
                                                                                                      Material & Logistic Service

                                                                                                            Line Maintenance




                       Personnel
                                              Base Maintenance        Line Maintenance
                     Qualification &                                                           Safety              Shop & Material            AMO Learning
                                               Aircraft Quality        Aircraft Quality
                     Quality System                                                          Inspection           Quality Inspection            Services
                                                 Inspection               Inspection
                     Documentation



                              Personnel                  Base            Line Maintenance                                 Engine
                                                                                                  Safety                                           Mandatory
                            Qualification &          Maintenance          Quality Control                               Maintenance
                                                                                                Promotion                                           Training
                              Licensing             Quality Group A           Group A                                  Quality Control



                                                         Base            Line Maintenance          Safety                Component
                            Quality System                                                     Performance                                          General
                                                     Maintenance          Quality Control                              Services Quality
                            Documentation                                                        Analysis &                Control                  Training
                                                    Quality Group B           Group B
                                                                                               Investigation


                                                         Base            Line Maintenance                                  Receiving
                                                     Maintenance          Quality Control                                  Material
                                                    Quality Group C           Group C                                     Inspection



                                                         Base            Line Maintenance
                                                     Maintenance          Quality Control
                                                    Quality Group D           Group D



                                                         Base            Line Maintenance
                                                     Maintenance          Quality Control
                                                    Quality Group E           Group E



                                                         Base
                                                     Maintenance
                                                    Quality Group F




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   Hingga akhir tahun 2024, jumlah personil unit Quality Assurance           By the end of 2024, the Quality Assurance & Safety Unit had
   & Safety adalah sebanyak 260 (dua ratus enam puluh) orang.                260 (two hundred sixty) people.


                                                  Jabatan                                                         Jumlah Pegawai
                                                  Position                                                         Total Employee
    Vice President                                                                                                       1
    Assistant Vice President                                                                                             1
    Senior Manager                                                                                                       11
    Manager                                                                                                              20
    Senior Aircraft Quality Inspector                                                                                    19
    Aircraft Quality Inspector                                                                                           40
    Senior Aircraft Maintenenace Engineer                                                                                0
    Aircraft Maintenance Engineer                                                                                        32
    Senior Aircraft Maintenance Technician                                                                               27
    Aircraft Maintenance Technician                                                                                      0
    Certified Quality Auditor                                                                                            10
    Associate Quality Auditor                                                                                            19
    Senior Quality System Engineer                                                                                       8
    Quality System Engineer                                                                                              16
    Quality System Officer                                                                                               0
    Quality System Support                                                                                               9
    Senior Qualification & Licensing Assessor                                                                            1
    Qualification & Licensing Assessor                                                                                   6
    Senior Quality Material Inspector                                                                                    2
    Quality Material Inspector                                                                                           9
    Senior Instructor                                                                                                    2
    Instructor                                                                                                           5
    Senior Quality Material Receiving Officer                                                                            0
    Planner                                                                                                              2
    Senior Training Planner                                                                                              1
    Quality Material Receiving Officer                                                                                   6
    Senior Shop Quality Inspector                                                                                        5
    Shop Quality Inspector                                                                                               7
    Secretary                                                                                                            1

    Jumlah
                                                                                                                        260
    Total



   SERTIFIKASI PROFESI                                                       PROFESSIONAL CERTIFICATION

   Mayoritas personil Quality Assurance & Safety telah                       Most of the Quality Assurance & Safety personnel are all
   tersertifikasi. Informasinya dapat dilihat di tabel berikut:              certified professionals. The information is as follows:


                                                                                                                 Persentase Terhadap
                                                                                        Jumlah Personil
                                                      Jabatan                                                  Keseluruhan Tim Internal
           Sertifikasi                                                                 Terserfikasi (orang)
                                                      Position                                                           Audit
          Certification                                                                Certified Personnel
                                                                                                              Percentage Against the Entire
                                                                                             (person)
                                                                                                                  Internal Audit Team
    Aircraft Maintenance         Senior Aircraft Quality Inspector, Aircraft Quality           91                        100%
    Engineer License             Inspector, Aircraft Maintenance Engineer



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                                                                                                              Persentase Terhadap
                                                                                    Jumlah Personil
                                                     Jabatan                                                Keseluruhan Tim Internal
             Sertifikasi                                                           Terserfikasi (orang)
                                                     Position                                                         Audit
            Certification                                                          Certified Personnel
                                                                                                           Percentage Against the Entire
                                                                                         (person)
                                                                                                               Internal Audit Team
     Certified Quality Auditor   Certified Quality Auditor                                 10                            18.5%
     Associate Quality Auditor   Associate Quality Auditor                                 26                            48.1%
     Qualification & Licensing   Senior Qualification & Licensing Assessor,                 7                            100%
     Assessor                    Qualification Licensing Assessor


    TUGAS DAN TANGGUNG JAWAB                                             DUTIES AND RESPONSIBILITIES

    Tugas Quality Assurance & Safety adalah sebagai berikut:             The Quality Assurance & Safety has the following duties:
    1. Menjamin sistem mutu yang independen untuk memantau               1. Ensuring an independent quality system to monitor the
        kepatuhan organisasi Perseroan terhadap persyaratan otoritas,       Company's compliance with the requirements from the
        memfasilitasi implementasi Safety Management System                 authorities, facilitating the Safety Management System
        (“SMS”) termasuk administrasinya agar kegiatan perawatan            ("SMS") practice, including its administration to ensure the
        pesawat yang dilakukan Perseroan dapat memenuhi standar             Company’s aircraft maintenance has met the high quality
        kualitas yang tinggi dan memenuhi ketentuan penerbangan             standards and follow the national/international civil aviation
        sipil nasional/internasional maupun persyaratan pelanggan,          regulations and customer requirements, becoming a trusted
        menjadi wakil kepercayaan otoritas penerbangan sipil dalam          representative of the civil aviation authority within the
        Perseroan, sebagai konsultan internal dalam aspek pemenuhan         Company, as an internal consultant in terms of of compliance
        standar kualitas dan peraturan penerbangan sipil.                   with quality standards and civil aviation regulations.
    2. Bertanggung jawab memantau implementasi sistem mutu               2. Responsible for monitoring the Company’s quality system,
        yang diterapkan Perseroan, mengeluarkan perintah perbaikan          issuing corrective orders if there was a deviation from the
        yang harus dikeluarkan atas penyimpangan sistem mutu,               quality system, organizing the manufacturing, development,
        mengorganisir pembuatan dan pengembangan serta                      improvement of the quality system to be in line with
        peningkatan sistem mutu agar selaras dengan kebijakan               Company’s policies and applicable regulations and standards,
        Perseroan dan sesuai dengan ketentuan regulasi serta standar        developing a system to determine product airworthiness and
        yang berlaku, pengembangan sistem untuk menentukan                  compliance with civil aviation and customer requirements,
        airworthiness produk dan pemenuhan ketentuan penerbangan            formulating quality policies.
        sipil serta pelanggan, merumuskan kebijakan kualitas.
    3. Bertanggung jawab dalam menangani dan mengendalikan               3. Responsible for managing and controlling the mandatory
        pemberian mandatory training (CASR 145) yang dipersyaratkan         training (CASR 145) for all employees and guiding all mentors
        bagi seluruh karyawan Perseroan serta melakukan pembinaan           to increase the competencies (knowledge, skill and attitude)
        seluruh mentor yang ada untuk peningkatan kompetensi                of authorized persons in the Company.
        (knowledge, skill, attitude) authorized persons di Perseroan.
    4. Melaksanakan program efisiensi.                                   4. Performing an efficiency program.
    5. Membuat rencana kerja tahunan melalui Balanced Scorecard          5. Preparing an annual work plan through the Balanced
        serta alignment-nya.                                                 Scorecard and its alignment.
    6. Menjalankan PDCA Cycle dalam setiap aktivitas Unit 1 (satu)       6. Performing the PDCA Cycle on all activities of the Unit 1
        tingkat di bawah Direksi yang membidangi Quality Assurance           (one) level below the Board of Directors in charge of Quality
        & Safety.                                                            Assurance & Safety.
    7. Melakukan mentoring dan coaching terhadap subordinate.            7. Mentoring and coaching subordinates.
    8. Mempersiapkan kaderisasi.                                         8. Preparing for regeneration.
    9. Mengarahkan dan mengendalikan jalannya seluruh kegiatan           9. Directing and controlling the activities of the Unit 1 (one)
        Unit 1 (satu) tingkat di bawah Direksi yang membidangi Quality       level below the Board of Directors in charge of Quality
        Assurance & Safety melalui perencanaan, penelusuran, serta           Assurance & Safety through planning, tracking, and reviewing
        peninjauan kinerja seluruh Senior Manager di Unit 1 (satu)           the performance of all Senior Managers in the Unit 1 (one)
        tingkat di bawah Direksi yang membidangi Quality Assurance           level below the Board of Directors in charge of Quality
        & Safety.                                                            Assurance & Safety.
    10. Bertanggung jawab atas kinerja dan ketersediaan sumber           10. Responsible for the performance and availability of qualified
        daya yang memenuhi syarat sehingga peran Unit 1 (satu)               resources, therefore the Unit 1 (one) level below the Board
        tingkat di bawah Direksi yang membidangi Quality Assurance           of Directors in charge of Quality Assurance & Safety can
        & Safety dapat terlaksana dengan baik untuk mencapai target          perform its role appropriately to achieve targets.
        yang ditetapkan.




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   PENGEMBANGAN KOMPETENSI                                            COMPETENCY DEVELOPMENT FOR
   QUALITY ASSURANCE & SAFETY                                         QUALITY ASSURANCE & SAFETY

   Informasi mengenai daftar kegiatan pelatihan dan peningkatan       Information on the list of Quality Assurance and Safety’s training
   kompetensi yang diikuti pejabat dan personil Quality Assurance     and development programs for its executives and officers
   & Safety sepanjang tahun 2024 dapat dilihat pada bab Fungsi        throughout 2024 is available in the chapter of Business Support
   Penunjang Bisnis dalam Laporan Terintegrasi ini.                   Function of this Integrated Report.

   PELAKSANAAN TUGAS QUALITY                                          IMPLEMENTATION OF QUALITY
   ASSURANCE & SAFETY                                                 ASSURANCE & SAFETY DUTIES

   Quality Assurance & Safety telah melaksanakan sejumlah             Quality Assurance & Safety has conducted several programs
   program kerja dan melakukan audit sesuai Audit Plan 2024, serta    and performed audit activities according to the 2024 Audit Plan
   melakukan escort authority. Terdapat 223 (dua ratus dua puluh      in addition to escort authority. There were 223 (two hundred
   tiga) subjek audit yang terdiri dari 198 (seratus sembilan puluh   twenty three) audit subjects comprised of 198 (one hundred
   delapan) subyek Quality Audit dan 25 (dua puluh lima) subjek       ninety eight) Quality Audits and 25 (twenty five) Safety Audits.
   Safety Audit. Audit dilakukan terhadap Home Base Cengkareng        The audit was conducted on Home Base Cengkareng, on 4 (four)
   maupun 4 (empat) Multibase dan seluruh Out Station.                Multibases and all Out Stations.

   Selain melakukan audit, Quality Assurance & Safety juga            In addition to conducting audits, Quality Assurance & Safety
   melakukan escort authority untuk memastikan GMF sudah              also conducts an escort authority to ensure that GMF has met
   memenuhi izin untuk menjalankan bisnis. Selama tahun 2024          its license to run a business. During 2024 there were 29 9twenty
   terdapat 29 (dua puluh sembilan) Authority Approval valid          nine) valid Authority Approvals and Authority Approvals that
   seperti:                                                           are still in the process of being extended, namely:

   DGCA Indonesia, FAA, EASA, CASA Australia, CAA Malaysia,           DGCA Indonesia, FAA, EASA, CASA Australia, CAA Malaysia,
   CAA United Kingdom, DGCA India, CAA FIJI, BROA - MOLIT             CAA United Kingdom, DGCA India, CAA FIJI, BROA - MOLIT
   Korea, Bailiwick of Guernsey, CAA Thailand, CAA Bangladesh,        Korea, Bailiwick of Guernsey, CAA Thailand, CAA Bangladesh,
   CAA Cayman Island, CAA Uzbekistan, BCAA Bermuda, JCAB              CAA Cayman Island, CAA Uzbekistan, BCAA Bermuda, JCAB
   Japan, CASA of Papua New Guinea, CAA Vanuatu, CAA                  Japan, CASA of Papua New Guinea, CAA Vanuatu, CAA
   Philippines, DCA of LAO PDR, CAA MOLDOVA, GDCA Armenia.            Philippines, DCA of LAO PDR, CAA MOLDOVA, GDCA Armenia.
   MTCR of Belarus, San Marino CAA, CAA Azerbaijan, NCAA              MTCR of Belarus, San Marino CAA, CAA Azerbaijan, NCAA
   Nigeria, ECAA Egypt, CAA Oman, SSCA Cambodia.                      Nigeria, ECAA Egypt, CAA Oman, SSCA Cambodia.




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    Enterprise Risk Management
    Financial & Management Accounting


    Komitmen GMF menerapkan manajemen risiko salah satunya              GMF's risk management commitment is manifested through the
    diwujudkan dengan membentuk Bidang Risk Management                  Risk Management Division, part of the Financial & Management
    yang merupakan bagian dari Unit Financial & Management              Accounting Unit based on the Decree Number: DT/SKEP-
    Accounting berdasarkan Surat Keputusan Nomor: DT/SKEP-              5015/24 dated August 21, 2024.
    5015/24 tanggal 21 Agustus 2024.



    PROFIL KEPALA ENTERPRISE                                               PROFILE OF FENTERPRISE RISK
    RISK MANAGEMENT                                                        MANAGEMENT HEAD

    Enterprise Risk Management dipimpin oleh seorang Executive          Enterprise Risk Management is led by an Executive General
    General Manager (EGM) yang diangkat dan diberhentikan               Manager (EGM) whose appointed and dismissed by the
    oleh Direktur Utama. Berdasarkan Surat TH/SKEP-5126/I/24            President Director. Based on Letter TH/SKEP-5126/I/24 dated
    tanggal 1 Oktober 2024, Perseroan menunjuk Santi Agustina           October 1st, 2024, the Company appointed Santi Agustina as
    sebagai Kepala Unit Enterprise Risk Management.                     Head of Enterprise Risk Management.


     Santi Agustina
     Executive General Risk Management
     Periode Jabatan                        Menjabat sejak 1 Oktober 2024
     Period                                 Serving since October 1, 2024
     Data Pribadi                           Warga Negara Indonesia | Indonesian Citizen
     Personal Data                          Usia 36 tahun | 36 years old
                                            Kelahiran Surabaya, 12 Agustus 1988 | Born in Surabaya on August 12, 1988
     Domisili                               Tangerang, Banten, Indonesia
     Domicile                               Tangerang, Banten, Indonesia
     Bergabung di GMF                       05 Mei 2010, sebagai Material Planner
     Join GMF                               May 05, 2010, as Material Planner
     Pendidikan                             Sarjana Teknik Industri Institut Teknlologi Sepuluh Nopember (2006)
     Education                              Bachelor’s Degree of Industrial Engineering from the Sepuluh Nopember Institute of Technology
                                            (2006)
     Pengalaman Kerja                       • EGM Risk Management (Okt 2024-sekarang)
     Work Experience                        • SM Risk Management (Mei 2024 – Okt 2024)
                                            • SM Profitability & Budget Control (Juli 2022 – April 2022)
                                            • SM Price Management & Owner Estimate ( Februari 2017 – Juni 2022)
     Sertifikasi Profesi                    Certified Risk Management Professional (CRMP) sejak 30 Agustus 2024
     Professional Certification             Certified Risk Management Professional (CRMP) since August 30, 2024


    STRUKTUR ENTERPRISE                                                    FINANCIAL & MANAGEMENT
    RISK MANAGEMENT                                                        ACCOUNTING STRUCTURE

    Hingga akhir tahun 2024, jumlah personil unit Risk Management       By the end of 2024, the Enterprise Risk Management unit has
    adalah sebanyak 5 orang.                                            5 people.

                                                Jabatan                                                         Jumlah Karyawan
                                                Position                                                          Total Employee
     EGM Risk Management                                                                                                   1
     Senior ERM & Internal Control                                                                                         3
     OJT to Senior ERM & Internal Control                                                                                  1

     Total                                                                                                                 5



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   SERTIFIKASI PROFESI                                              PROFESSIONAL CERTIFICATION

   Pada tahun 2024, unit Risk Management memberikan pelatihan       In 2024, unit Risk Management provided training for its
   untuk mendapatkan sertifikasi kepada personilnya sebagai         personnel to obtain the following certifications:
   berikut:
   1. Pelatihan dan Sertifikasi CRMP (Certified Risk Management     1. Training & certification of CRMP (Certified Risk
       Professional) untuk EGM Risk Management                         Management Professional) for EGM Risk Management
   2. Pelatihan dan Sertifikasi CRMO (Certified Risk Management     2. Training & certification of CRMO (Certified Risk
       Officer) untuk 2 (dua) orang Senior ERM & Internal Control      Management Officer) for 2 (two) Senior ERM & Internal
                                                                       Control

   TUGAS DAN TANGGUNG JAWAB                                         DUTIES AND RESPONSIBILITIES

   Sesuai dengan Surat Keputusan Nomor: DT/SKEP-5015/24             In accordance with the Decree Number: DT/SKEP-5015/24
   tanggal 21 Agustus 2024, Risk Management bertanggung jawab       dated August 21, 2024, Risk Management division is responsible
   dalam pengelolaan risiko Perseroan, yang meliputi:               for managing the Company’s risks, which includes:
   1. Perencanaan, perancangan dan pengembangan metodologi          1. Planning, designing, and developing risk management
       & kerangka kerja manajemen risiko dan pengendalian               methodologies and internal control frameworks at the
       internal di tingkat Perseroan.                                   corporate level.
   2. Penerapan, pemantauan, dan evaluasi manajemen risiko          2. Implementing, monitoring, and evaluating risk management
       dan pengendalian internal di tingkat Perseroan.                  and internal controls at the corporate level.
   3. Menganalisis dan melakukan koordinasi mitigasi risiko         3. Analyzing and coordinating risk mitigation efforts.
       serta menjamin manajemen risiko.
   4. Pengelolaan risk register Perseroan dan pelaporan             4. Managing the Company’s risk register and overseeing risk
       manajemen risiko.                                               management reporting.

   PENGEMBANGAN KOMPETENSI                                          COMPETENCY DEVELOPMENT FOR
   ENTERPRISE RISK MANAGEMENT                                       ENTERPRISE RISK MANAGEMENT

   Informasi mengenai daftar kegiatan pelatihan dan peningkatan     Information on the list of Enterprise Risk Management training
   kompetensi yang diikuti Enterprise Risk Management di            and development programs for its executives and officers
   sepanjang tahun 2024 dapat dilihat pada Laporan Keberlanjutan    throughout 2024 is available in the Sustainability Report of
   dalam Laporan Tahunan Terintegrasi ini.                          this Integrated Report.



   PELAKSANAAN TUGAS ENTERPRISE                                     IMPLEMENTATION OF ENTERPRISE
   RISK MANAGEMENT                                                  RISK MANAGEMENT

   Kegiatan Risk Management dalam melakukan Manajemen               The Enterprise Risk Management activities in carrying out Risk
   Risiko dikelompokkan berdasarkan sasaran yang ingin dicapai.     Management are grouped based on the targets to be achieved.
   Kegiatan tersebut mencakup peningkatan wawasan dan budaya        These activities include increasing risk insight and culture,
   risiko, kegiatan manajemen risiko tingkat korporat, kegiatan     corporate level risk management activities, risk management
   proses manajemen risiko di dinas dan unit.                       process activities in services and units.


                                             Nama Kegiatan                                            Jumlah Peserta
     No.
                                                                                                    Number of Participants
     1.    Benchmark Penerapan Risk Management di Aerowisata Group                          7 orang (3 orang dari Aero Wisata, 4 orang
           Benchmark of Risk Management Implementation in Aerowisata Group                  dari GMF)
                                                                                            7 people (3 people from Aero Wisata, 4
                                                                                            people from GMF)
     2.    Penilaian Risk Maturity Index oleh penilai independen                            21 orang (8 orang dari GMF, 13 orang dari
           Risk Maturity Index assessment by independent assessor                           penilai independen)
                                                                                            21 people (8 people from GMF, 13 people
                                                                                            from independent appraisers)




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                                                  Nama Kegiatan                                             Jumlah Peserta
      No.
                                                                                                          Number of Participants
       3.     Training Risk Based Planning dengan pembicara dari RWI Consulting                   50 orang
              Risk Based Planning Training with speakers from RWI Consulting                      terdiri dari Dewan Komisaris, Komite,
                                                                                                  Direksi, VP, Risk Officer, dan Risk Analyst
                                                                                                  50 people
                                                                                                  consists of Board of Commissioners,
                                                                                                  Committees, Board of Directors, VP, Risk
                                                                                                  Officer, and Risk Analyst
       4.     Sosialisasi hasil penilaian RMI dan rekomendasi tindak lanjut                       50 orang
              Socialization of RMI assessment results and follow-up recommendations               terdiri dari Dewan Komisaris, Komite,
                                                                                                  Direksi, VP, Risk Officer, dan Risk Analyst
                                                                                                  50 people
                                                                                                  Consists of Board of Commissioners,
                                                                                                  Committees, Board of Directors, VP, Risk
                                                                                                  Officer, and Risk Analyst
       5.     Sharing Session di Dinas Financial and Accounting Management                        30 orang
              Sharing Session at the Unit of Financial Management and Accounting                  Topik Sharing: Penilaian Risk Maturity
                                                                                                  GMF
                                                                                                  30 people
                                                                                                  Sharing Topic: GMF Risk Maturity
                                                                                                  Assessment
       6.     Sharing Session di Dinas Internal Audit                                             15 orang
              Sharing Session at Internal Audit                                                   Topik Sharing: Risk Strategy GMF
                                                                                                  15 people
                                                                                                  Topic Sharing: GMF Risk Strategy
       7.     GA Group Risk Forum                                                                 20 orang
                                                                                                  Dilaksanakan sebanyak 5x, pada Bulan
                                                                                                  Juni 2x, Juli, September, dan November
                                                                                                  2024
                                                                                                  20 people
                                                                                                  Implemented 5 times, 2 times in June, July,
                                                                                                  September, and November 2024
       8.     Training dan Workshop Pengisian Risk Register 2025                                  30 orang
              Training and Workshop of Risk Register Filing for 2025                              30 people



    Kegiatan Peningkatan Wawasan dan Budaya Risiko                         Risk Insight and Culture Improvement Activity
    1. Perusahaan terus melakukan sosialisasi manajemen risiko             1. The Company has kept on socializing the risk management
       melalui beberapa pelatihan. Ada Pelatihan Pengenalan                    through several trainings. There are Risk Management
       Manajemen Risiko untuk Manager/setingkat (Training MRO                  Introduction Training for Manager/level (MRO Finance
       Finance), Pelatihan Risk Based Planning untuk semua organ               Training), Risk Based Planning Training for all risk
       pengelola risiko, dan Pelatihan pengisian risk register untuk           management organs, and Risk register filling training for
       Risk Officer. Selama tahun 2024 telah dilakukan pelatihan               Risk Officers. The training activities in 2024 were:
       pada:
       a. 5 Februari 2024: Pelatihan MRO Finance;                             a. February 5, 2024: Training MRO Finance;
       b. 22 November 2024: Pelatihan Risk Based Planning                     b. November 22, 2024: Risk Based Planning Training and
           dan sosialisasi hasil penilaian RMI dan rekomendasi                    socialization of RMI assessment results and follow-up
           tindak lanjut                                                          recommendations
       c. 18 Desember 2024: Pelatihan pengisian risk register                 c. December 18, 2024: Training on risk register filling
           untuk Risk Officer                                                     for Risk Officer.
    2. Kampanye manajemen risiko juga dilakukan melalui                    2. The risk management campaign was also done through
       WhatsApp Group Komunitas Risk Officer dan one on one                   WhatsApp Group called Komunitas Risk Officer and one
       dengan risk officer dan risk owner.                                    on one with risk officer and risk owner.




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   MANAJEMEN RISIKO TINGKAT KORPORAT                                  CORPORATE LEVEL RISK MANAGEMENT

   1. Pengelolaan Risk Register                                       1. Risk Register Management
      Risk Register dilakukan untuk seluruh risiko yang telah            Risk Register applies to all identified risks of the KPI (Key
      teridentifikasi baik dari hasil manajemen risiko terhadap KPI      Performance Indicator) risks, project risks, investment risks,
      (Key Performance Indicator), risiko proyek, risiko investasi,      and business process risks. The Risk Register management
      dan risiko proses bisnis. Pengelolaan Risk Register selama         in 2024 covered the following:
      tahun 2024 mencakup:
      a. Keuntungan tidak tercapai;                                       a. Revenue is not achieved;
      b. Net profit margin tidak tercapai;                                b. Net profit margin not achieved;
      c. Risiko likuiditas;                                               c. Liquidity risk;
      d. Kurangnya modal kerja & GMF tdk diperbolehkan                    d. Lack of working capital & GMF is not allowed to receive
          menerima fasilitas pendanaan dari Bank selama masa                 funding facilities from the Bank during restructuring
          restrukturisasi;                                                   period;
      e. Tidak mendapatkan kontrak jangka Panjang;                        e. Not getting long-term contracts;
      f. Cyber Security;                                                  f. Cyber Security;
      g. Suspense /surrender sertifikasi dari regulasi;                   g. Suspense/surrender certification from regulation;
      h. Risiko Geopolitik;                                               h. Geopolitical Risk;
      i. SCM Terhambat;                                                   i. SCM Impede;
      j. Ketersediaan kapasitas yang terbatas                             j. Limited capacity availability.

   2. Koordinasi ERM GMF-GA                                           2. GMF-GA ERM Coordination
      Koordinasi antara GMF dengan GA merupakan hal yang                 The coordination between GMF and GA is important to align
      penting untuk melakukan aligment antara risiko Perusahaan          the risks between the Parent Company and Subsidiaries,
      Induk yang disebabkan oleh Anak Perusahaan, maupun                 which are caused by and affect each other, to create a joint
      sebaliknya, sehingga dapat diantisipasi bersama untuk              effort to anticipate the risks for a sustainable business. The
      menjaga kesinambungan bisnis grup secara keseluruhan.              ERM coordination of GA Group throughout 2024 was as
      Selama tahun 2024 telah dilakukan koordinasi ERM GA                follows:
      Group, yaitu:
      a. Penjelasan Laporan Profil Risiko Anak Perusahaan pada            a. Explanation of Subsidiary Risk Profile Report on June
          11 Juni 2024;                                                      11, 2024;
      b. Sosialisasi Tata Kelola Risiko dan Pelaporan Manajemen           b. Socialization of Risk Governance and Risk Management
          Risiko di Anak Perusahaan PT Garuda Indonesia                      Reporting to Subsidiaries of PT Garuda Indonesia
          (Persero) Tbk pada 21 Juni 2024;                                   (Persero) Tbk on 21 June 2024;
      c. Pembahasan Risk Capacity 2025 GA Group Pada 30                   c. Discussion of Risk Capacity 2025 GA Group on July
          Juli 2024;                                                         30, 2024;
      d. Workshop Management Resiko Garuda Indonesia                      d. Garuda Indonesia Group Risk Management Workshop
          Group pada 6 September 2024;                                       on September 6, 2024;
      e. Risk Talkshow & Seminar Garuda Indonesia Group pada              e. Risk Talkshow & Seminar Garuda Indonesia Group on
          22 November 2024                                                   November 22, 2024.

   3. Koordinasi ERM GMF-GDPS (Anak Usaha)                            3. GMF-GDPS ERM Coordination (Subsidiary)
      Koordinasi antara GMF dengan GMF merupakan hal yang                Coordination between GMF and GMF is important to align
      penting untuk melakukan aligment antara risiko Perusahaan          the risks of the Parent Company caused by the Subsidiary,
      Induk yang disebabkan oleh Anak Perusahaan, maupun                 and vice versa, so that they can be anticipated together to
      sebaliknya, sehingga dapat diantisipasi bersama untuk              maintain the continuity of the group's business as a whole.
      menjaga kesinambungan bisnis grup secara keseluruhan.              During 2024, GA Group ERM coordination has been carried
      Selama tahun 2024 telah dilakukan koordinasi ERM GA                out, namely:
      Group, yaitu:
      a. 16 Juli 2024 Koordinasi self assessment kategori dan             a. July 16, 2024 Coordination of self-assessment of the
          klasifikasi anak usaha;                                            category and classification of subsidiaries;
      b. 22 November 2024 Training Risk Based Planning dan                b. November 22, 2024 Training on Risk Based Planning and
          sosialisasi hasil penilaian RMI dan rekomendasi tindak             Socialization of RMI assessment results and follow-up
          lanjut;                                                            recommendations;
      c. 18 Desember 2024 Pelatihan pengisian risk register               c. December 18, 2024 Training on risk register filling for
          untuk Risk Officer.                                                Risk Officers.




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    4. Survei Budaya Risiko                                            4. Risk Culture Survey
       Survei budaya risiko tahun 2024 telah dilakukan di bulan           The 2024 risk culture survey was conducted in December.
       Desember. Jumlah responden adalah 296 orang atau 63%               The number of respondents was 296 people or 63% of the
       dari total populasi responden (467 orang) yang terdiri             total respondent population (467 people) consisting of VP,
       dari VP, SM, Manager, Risk Officer, serta PDCA. Indeks             SM, Manager, Risk Officer, and PDCA. The Risk Culture
       Budaya Risiko menunjukkan trend peningkatan sejak                  Index has shown an increasing trend since 2019. However,
       tahun 2019. Akan tetapi, jumlah responden risk culture             the number of respondents to the risk culture survey
       survey mengalami penurunan 30% dibandingkan tahun                  decreased by 30% compared to the previous year. The 2024
       sebelumnya. Indeks budaya risiko tahun 2024 adalah                 risk culture index is 4.02 on a scale of 5. The survey results
       sebesar 4.02 dari skala 5. Hasil survei menunjukkan bahwa          show that of the 4 dimensions measured, 3 dimensions
       dari 4 dimensi yang diukur, 3 dimensi mendapat skor 4,             scored 4, while 1 dimension scored 3.7. The dimension
       sedangkan 1 dimensi mendapat skor 3.7. Dimensi yang                that is rated low is the transparency of risk management.
       dinilai rendah adalah transparansi pengelolaan risiko yang
       dihadapi.

        Dimensi yang mendapatkan penialain rendah akan menjadi             Dimensions that receive low ratings will be the focus of
        focus perbaikan dengan tetap menjaga pencapaian nilai              improvement while maintaining the achievement of other
        dimensi lainnya. Fokus perbaikan dituangkan dalam                  dimension scores. The focus of improvement is outlined in
        program kerja 2025 melalui upaya-upaya:                            the 2025 work program through efforts:
        a. Meningkatkan kolaborasi antar lini dan menanamkan               a. Improving collaboration between lines and embedding
           kesadaran risiko sebagai budaya perusahaan                          risk awareness as a corporate culture.
        b. Pemenuhan compliance penerapan Manajemen Risiko                 b. Fulfillment of compliance of Risk Management
           sesuai PER-2/MBU/03/2023                                            implementation in accordance with PER-2/
                                                                               MBU/03/2023
        c. Peningkatan kualifikasi dan kompetensi organ pengelola          c. Improving the qualifications and competencies of risk
           risiko                                                              management organs
        d. Peningkatan sistem pengelolaan risiko yang terintegrasi         d. Improvement of an integrated risk management system
           dengan berbasis teknologi                                           with technology-based


                                                      Indeks Budaya Risiko GMF
                                                           Risk Culture of GMF

                              21         96        166        253         244        330         423        296



                    500                                                                                     4,02              4.2
                                                                                                 3,9
                                                                                                                                   4
                    400
                                                                                     3,8
                                                               3,8        3,8                                                 3.8
                    300                            3,7
                                                                                                                              3.6
                             3,6
                    200                 3,4                                                                                   3.4

                    100                                                                                                       3.2

                        0                                                                                                          3
                            2017       2018       2019      2020        2021       2022         2023       2024

                                              Jumlah Responden                         Indeks
                                              Number of Respondents                    Index




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   MANAJEMEN RISIKO TINGKAT DINAS/                                   DIVISION/UNIT LEVEL RISK MANAGEMENT
   UNIT
   1. Manajemen Risiko KPI                                           1. KPI Risk Management
      Kegiatan ini secara konsisten dilaksanakan setiap tahunnya        Every year, the Company identifies business risks as a basis
      untuk mengidentifikasi risiko sehingga dapat ditetapkan           to create a plan for controlling the risks and achieving
      rencana pengendalian risiko untuk memastikan pencapaian           the KPI of 2024 at the Department level. Department
      KPI 2024 di tingkat Dinas. Dinas juga melakukan manajemen         also conducted a KPI risk management at the Unit level
      risiko KPI Unit Tahun 2024 agar risiko dan pengendalian           throughout 2024 to align the risk management between
      yang ditetapkan oleh Unit selaras dengan Korporasi. Selama        the Unit and Corporate. Monitoring of KPI risk control
      tahun 2024 juga dilakukan monitoring atas pelaksanaan             has also been done throughout 2024. The risk monitoring
      pengendalian risiko KPI. Kegiatan monitoring risiko               activity was aimed to control the High and Crisis risk levels
      bertujuan untuk memantau pengendalian terhadap risiko             in every KPI of the Department level throughout 2024.
      dengan level High dan Crisis pada setiap KPI di tingkat
      Dinas selama tahun 2024.

      Kegiatan monitoring risiko dilakukan oleh Dinas dan                 The risk monitoring was done by the Department and
      dilaporkan bersamaan dengan pencapaian kinerja dalam               reported altogether with the achievement in monthly
      monthly review kepada Unit Corporate Planning. Di                  review to Corporate Planning Unit. At this level, the risk
      tingkat ini, pengendalian terhadap risiko menjadi bagian           control becomes part of the performance review to make
      performance review agar para Business Owner dan Risk               Business Owners and Risk Owners of Department level
      Owner di tingkat Dinas dapat lebih merasakan manfaat               feel the benefit of risk management. The significant issues
      pengelolaan risiko. Isu-isu signifikan yang muncul akibat          arising due to the risk monitoring will be directed to the
      monitoring risiko akan dialihkan ke tingkat korporasi oleh         corporate level, managed by the Financial & Management
      Unit Financial & Management Accounting. Hasil monitoring           Accounting. The risk monitoring results in 2024 will be
      risiko selama tahun 2024 dapat menjadi pertimbangan                used to draft the risk profile in 2025.
      dalam menyusun profil risiko pada tahun 2025.

   2. Risk Control Self-Assessment (RCSA)                            2. Risk Control Self-Assessment (RCSA)
      RCSA di tahun 2024 bertujuan menumbuhkan inisiatif                The RSCA in 2024 was aimed to make the risk owners
      pengelolaan risiko oleh risk owner. Bidang Manajemen              more active in managing risks. The Risk Management Unit
      Risiko berperan lebih sebagai fasilitator dalam proses            acts as a facilitator in identifying the process, making an
      identifikasi, asesmen, dan penentuan aktivitas pengendalian.      assessment, and determining the controlling activity. RSCA
      RSCA terus memantau kondisi ekonomi di 2024 yang sudah            continues to monitor economic conditions in 2024 which
      bertumbuh dengan kuat. Kondisi tersebut menjadi dasar             are already growing strongly. These conditions are the
      pelaksanaan Risk Assessment 2024 dengan jumlah 73 RCSA            basis for implementing the 2024 Risk Assessment with
      Investasi.                                                        73 Investment RCSAs.




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Page 347
                                                                                                                              Tata Kelola Perusahaan
                                                                                                                               Corporate Governance




                                                                                                        Akuntan Publik
                                                                                                                Public Accountant


    Akuntan publik merupakan organ eksternal Perseroan yang                          A public accountant is the Company’s external body that
    berfungsi memberikan opini terkait kesesuaian penyajian                          views the financial statements against the prevailing Financial
    laporan keuangan Perseroan terhadap Standar Akuntansi                            Accounting Standards (SAK) in Indonesia.
    Keuangan (SAK) yang berlaku di Indonesia.



    PROSEDUR AUDIT EKSTERNAL                                                         EXTERNAL AUDIT PROCEDURE
    DAN STANDAR AUDIT                                                                AND STANDARD

    Aktivitas audit yang dilakukan terhadap laporan keuangan                         The audit on the Company's financial statements is based
    Perseroan dilakukan berdasarkan Standar Profesional Akuntan                      on the Indonesian Institute of Certified Public Accountants’
    Publik yang diterbitkan oleh Institut Akuntan Publik Indonesia                   Professional Standards. The audit includes reviewing and
    (IAPI). Aktivitas audit meliputi pengujian dan evaluasi terhadap                 evaluating the internal control system and examining, based
    sistem pengendalian intern serta pemeriksaan, atas dasar                         on a review mechanism, the supporting evidence of the amounts
    pengujian, bukti-bukti yang mendukung jumlah-jumlah dan                          and disclosures in the financial statements. The audit also
    pengungkapan dalam laporan keuangan. Audit juga meliputi                         includes an assessment of the accounting principles and the
    penilaian atas prinsip akuntansi yang digunakan dan estimasi                     management’s significant estimation with an evaluation of
    signifikan yang dibuat oleh manajemen, serta penilaian atas                      the overall financial statement according to the Statement of
    penyajian laporan keuangan secara keseluruhan sesuai                             Financial Accounting Standards (PSAK) issued by IAI.
    dengan Pernyataan Standar Akuntansi Keuangan (PSAK) yang
    dikeluarkan oleh IAI.

    Proses audit oleh KAP diawasi oleh KAKCG, yang berkoordinasi                     The audit process by KAP is supervised by KAKCG, which
    dengan Unit Internal Audit Perseroan. KAKCG memastikan                           coordinates with the Company's Internal Audit Unit. KAKCG
    bahwa seluruh temuan dapat ditindaklanjuti dan berupaya                          ensures that all findings can be followed up and seeks to
    untuk menekan temuan-temuan di tahun berikutnya.                                 suppress the findings in the following year.



    MEKANISME PENUNJUKAN AKUNTAN                                                     MECHANISM FOR APPOINTING A PUBLIC
    PUBLIK                                                                           ACCOUNTANT
    Mekanisme penunjukan Akuntan Publik dan KAP yang berlaku                         The mechanism of GMS to appoint a Public Accountant and
    di GMF adalah sebagai berikut:                                                   KAP is as follows:




                                                      Surat                    Surat
                                              Dewan Komisaris PT      Permohonan Pemberian
                                                Garuda Indonesia      Arahan terkait KAP dari                           Pemberian Arahan
                     Keputusan RUPS GMF           (Persero) Tbk        Direktur Utama GMF         Telaah KAKCG      terkait Penunjukan KAP
                     GMS resolution of GMF          Letter of                Letter to          Review from KAKCG     Supervision concerning
                                             Board of Commissioners    Request a Supervision                         the Appointment of KAP
                                             of PT Garuda Indonesia    on KAP from the CEO
                                                  (Persero) Tbk               of GMF




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   AKUNTAN PUBLIK TAHUN 2024                                            2024 PUBLIC ACCOUNTANT

   Keputusan RUPS GMF menyetujui penunjukkan KAP untuk                  GMF GMS approved the appointment of KAP for the Company
   Perseroan disesuaikan dengan KAP yang ditunjuk oleh entitas          in accordance with the KAP appointed by the parent entity, PT
   induk, PT Garuda Indonesia (Persero) Tbk. Penunjukan ini             Garuda Indonesia (Persero) Tbk. This appointment was carried
   dilaksanakan berdasarkan persetujuan Dewan Komisaris                 out based on the approval of the Board of Commissioners
   melalui surat No. GMF/DEKOM-035/24 tanggal 10 Juli 2024              through letter No. GMF/DEKOM-035/24 dated July 10, 2024
   berdasarkan pendelegasian kewenangan pada RUPS tanggal 28            based on the delegation of authority at the GMS dated June
   Juni 2023. Adapun KAP yang ditunjuk untuk melakukan audit            28, 2023. The KAP appointed to audit the Company's Financial
   Laporan Keuangan Perseroan untuk Tahun Buku yang berakhir            Statements for the Financial Year ending December 31, 2024
   pada 31 Desember 2024 adalah KAP Rintis, Jumadi, Rianto &            is KAP Rintis, Jumadi, Rianto & Associates (PwC Indonesia).
   Rekan (PwC Indonesia). Bahwa berdasarkan pemberitahuan               That based on PwC Indonesia's notification to the Company,
   PwC Indonesia kepada Perseroan, telah terdapat perubahan             there has been a change in the name of the KAP which was
   nama KAP yang sebelumnya merupakan KAP Tanudiredja,                  previously KAP Tanudiredja, Wibisana, Rintis & Rekan to KAP
   Wibisana, Rintis & Rekan menjadi KAP Rintis, Jumadi, Rianto          Rintis, Jumadi, Rianto & Rekan.
   & Rekan.


                                                    Akuntan Publik Tahun 2024
                                                         Public Accountant in 2024

    Kantor Akuntan Publik          Rintis, Jumadi, Rianto & Rekan (PwC Indonesia)
    Public Accounting Firm

    Akuntan                        Ade Setiawan Elimin
    Accountant

    Periode Penugasan              2024
    Assignment Period

    Periode Penunjukan             Ketiga
    Appointment Period             Third

    Jasa                           •   Prosedur yang disepakati bersama atas laporan KPPK
    Services                       •   Audit Laporan Keuangan Konsolidasan Perseroan Tahun Buku 2024
                                   •   Audit laporan keuangan konsolidasian untuk periode enam bulan yang berakhir pada tanggal 30
                                       Juni 2024
                                   •   Audit atas Laporan Keuangan Konsolidasian per 30 Juni 2024 untuk keperluan Penambahan Modal
                                       Dengan Hak Memesan Efek Terlebih Dahulu (“PMHMETD”)
                                   •   Laporan hasil prosedur yang telah disepakati untuk Laporan Hasil Evaluasi Kinerja (LHEK) untuk
                                       tahun yang berakhir pada tanggal 31 De
                                   •   Mutually agreed procedures for the KPPK report
                                   •   Audited the Company’s Consolidated Financial Statement for 2024 Fiscal Year
                                   •   Audit of the consolidated financial statements for the six-month period ended June 30, 2024
                                   •   Audit of the Consolidated Financial Statements as of June 30, 2024 for the purpose of Capital Increase
                                       with Pre-emptive Rights (“PMHMETD”)
                                   •   Report on the results of the agreed-upon procedures for the

                                   Pada tahun 2024, KAP Rintis, Jumadi, Rianto & Rekan (PwC Indonesia), memberikan jasa kepada GMF
                                   dengan nilai Rp8,900,000,000.
                                   In 2024, KAP Rintis, Jumadi, Rianto & Associates (PwC Indonesia), provide services to GMF for
                                   Rp8,900,000,000.

    Jasa Lainnya                   KAP Rintis, Jumadi, Rianto & Rekan (PwC Indonesia) selama tahun 2024 tidak memberikan jasa lain
    Other Services                 kepada GMF
                                   KAP Rintis, Jumadi, Rianto & Associates (PwC Indonesia) during 2024 does not provide other services
                                   to GMF.

    Biaya                          Rp8.900.000.000 | (delapan miliar sembilan ratus juta rupiah | eight billion nine hundred million rupiah)
    Cost




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Page 349
                                                                                                                              Tata Kelola Perusahaan
                                                                                                                               Corporate Governance




    DAFTAR AKUNTAN PUBLIK                                                    PUBLIC ACCOUNTANT LISTS

    GMF memenuhi ketentuan Peraturan Menteri Keuangan No.                     GMF follows the Minister of Finance Regulation No. 17/
    17/PMK.01/2008 tentang Jasa Akuntan Publik, dimana KAP                    PMK.01/2008 concerning Public Accountant Services, where
    yang ditunjuk hanya boleh melakukan audit paling lama 6                   the appointed KAP may only conduct an audit for a maximum
    (enam) tahun buku berturut-turut dan oleh seorang Akuntan                 of 6 (six) consecutive financial year and by a Public Accountant
    Publik maksimal 3 (tiga) tahun buku berturut-turut. Berikut               a maximum of 3 (three) consecutive financial year. Here is
    disampaikan informasi daftar Akuntan Publik GMF sebelum                   information on the list of Public Accountants before the 2024
    tahun buku 2024:                                                          financial year:


                                     Kantor Akuntan
      Tahun Buku         Akuntan         Publik                       Ruang Lingkup Audit                        Opini Audit          Biaya Audit (Rp)
       Financial        Accountant       Public                           Audit Scope                           Audit Opinion          Audit Fee (Rp)
         Year                        Accountant Firm
     2024             Ade Setiawan   R i n t i s , •            Prosedur yang disepakati bersama atas           Wajar dalam                8.900.000.000
                      Elimin         Jumadi,Rianto &            laporan KPPK                                    semua hal yang
                      Izin AP.0225   Rekan, PWC      •          Audit Laporan Keuangan Konsolidasan             material
                                                                Perseroan Tahun Buku 2024                       F a i r, i n a l l
                                                           •    Audit laporan keuangan konsolidasian            m a t e r i a l
                                                                untuk periode enam bulan yang berakhir          respects
                                                                pada tanggal 30 Juni 2024
                                                           •    A u d i t a t a s L a p o ra n Ke u a n g a n
                                                                Konsolidasian per 30 Juni 2024 untuk
                                                                keperluan Penambahan Modal Dengan
                                                                Hak Memesan Efek Terlebih Dahulu
                                                                (“PMHMETD”)
                                                           •    Laporan hasil prosedur yang telah
                                                                disepakati untuk Laporan Hasil Evaluasi
                                                                Kinerja (LHEK) untuk tahu
                                                           •    Mutually agreed procedures for the
                                                                KPPK report
                                                           •    Audited the Company’s Consolidated
                                                                Financial Statement for 2024 Fiscal Year
                                                           •    Audit of the consolidated financial
                                                                statements for the six-month period
                                                                ended June 30, 2024
                                                           •    Audit of the Consolidated Financial
                                                                Statements as of June 30, 2024 for the
                                                                purpose of Capital Increase with Pre-
                                                                emptive Rights (“PMHMETD”)
                                                           •    Report on the results of the agreed-upon
                                                                procedures for the
     2023             Ade Setiawan   Ta n u d i r e d j a , •   A u d i t a t a s L a p o ra n ke u a n g a n   Wajar dalam                3.790.000.000
                      Elimin         Wibisana, Rintis           konsolidasian PT Garuda Maintenance             semua hal yang
                      Izin AP.0225   & Rekan, PWC               Facility Aero Asia Tbk tahun buku 31            material
                                                                Desember 2023                                   F a i r, i n a l l
                                                           •    Laporan atas Hasil Prosedur yang                m a t e r i a l
                                                                disepakati bersama atas laporan KPK             respects
                                                                terhdap laporan kegiatan penerapan
                                                                prinsip kehati-hatian
                                                           •    Audit od the Consolidated Financial
                                                                Statements of PT Garuda Maintenance
                                                                Facilits Aero Asia Tbk for the financial
                                                                year as of December 31, 2023
                                                           •    Report on the mutually agreed
                                                                procedure of the report from KPK on
                                                                the implementation of the precautionary
                                                                principle (KPPK).




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                                    Kantor Akuntan
    Tahun Buku      Akuntan             Publik                       Ruang Lingkup Audit                        Opini Audit          Biaya Audit (Rp)
     Financial     Accountant           Public                           Audit Scope                           Audit Opinion          Audit Fee (Rp)
       Year                         Accountant Firm
    2022         Ade Setiawan       Ta n u d i r e d j a , •   A u d i t a t a s L a p o ra n Ke u a n g a n   Wajar dalam               3.700.000.000
                 Elimin             Wibisana, Rintis           Konsolidasian PT Garuda Maintenance             semua hal yang
                 Izin AP.0225       & Rekan, PWC               Facility Aero Asia Tbk tahun buku 31            material
                                                               Desember 2022.                                  F a i r, i n a l l
                                                          •    Laporan atas Hasil Prosedur yang                m a t e r i a l
                                                               disepakati bersama atas laporan KPK             respects
                                                               terhadap laporan kegiatan penerapan
                                                               prinsip kehati-hatian (KPPK).
                                                          •    Audit of the Consolidated Financial
                                                               Statements of PT Garuda Maintenance
                                                               Facility Aero Asia Tbk for the financial
                                                               year as of December 31, 2022.
                                                          •    Report on the mutually agreed
                                                               procedure of the report from KPPK on
                                                               the implementation of the precautionary
                                                               principle (KPPK).
    2021         Daniel Kohar     Ta n u d i r e d j a , •       Audit atas Laporan Keuangan                   Wajar dalam               3.830.000.000
                 Izin No. AP.1130 Wibisana, Rintis             Konsolidasian PT Garuda Maintenance             semua hal yang
                                  & Rekan, PWC                 Facility Aero Asia Tbk tahun buku 31            material
                                                               Desember 2021.                                  F a i r, i n a l l
                                                          •    Audit atas laporan Keuangan PT Garuda           m a t e r i a l
                                                               Daya Pratama Sejahtera tahun buku 31            respects
                                                               Desember 2021
                                                          •    Laporan atas Hasil Prosedur yang
                                                               disepakati bersama atas laporan KPK
                                                               terhadap laporan kegiatan penerapan
                                                               prinsip kehati-hatian (KPPK).
                                                          •    Audit of the Consolidated Financial
                                                               Statements of PT Garuda Maintenance
                                                               Facility Aero Asia Tbk for the financial
                                                               year as of December 31, 2021.
                                                          •    Audit of the financial statements of PT
                                                               Garuda Daya Pratama Sejahtera for the
                                                               financial year as of December 31, 2021.
                                                          •    Report on the mutually agreed
                                                               procedure of the report from KPK on
                                                               the implementation of the precautionary
                                                               principle (KPPK).
    2020         Daniel Kohar     Ta n u d i r e d j a , •     Audit atas laporan keuangan                     T i d a k                 1.600.000.000
                 Izin No. AP.1130 Wibisana, Rintis •           Audit atas laporan kepatuhan terhadap           menyatakan
                                  & Rekan, PWC                 perundang-undangan                              pendapat
                                                         •     Audit atas laporan kepatuhan terhadap           Disclaimer
                                                               sistem pengendalian internal
                                                          •    Prosedur yang disepakati bersama atas
                                                               laporan evaluasi kinerja
                                                          •    Prosedur yang disepakati bersama atas
                                                               laporan KPPK
                                                          •    Audit of financial statements
                                                          •    Audit of compliance reports
                                                          •    Audit of compliance reports with the
                                                               internal control system
                                                          •    Procedure mutually agreed upon in the
                                                               performance evaluation report
                                                          •    Procedure mutually agreed upon with
                                                               the KPPK report




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                                                                                                                         Tata Kelola Perusahaan
                                                                                                                          Corporate Governance




                                         Kantor Akuntan
      Tahun Buku           Akuntan           Publik                    Ruang Lingkup Audit                   Opini Audit         Biaya Audit (Rp)
       Financial          Accountant         Public                        Audit Scope                      Audit Opinion         Audit Fee (Rp)
         Year                            Accountant Firm
     2019             Daniel Kohar     Ta n u d i r e d j a , •   Audit atas laporan keuangan               Wajar terhadap            2.535.000.000
                      Izin No. AP.1130 Wibisana, Rintis •         Audit atas laporan kepatuhan terhadap     semua hal yang
                                       & Rekan, PWC               perundang-undangan                        material
                                                              •   Audit atas laporan kepatuhan terhadap     Fair in all
                                                                  sistem pengendalian internal              material aspects
                                                             •    Prosedur yang disepakati bersama atas
                                                                  laporan evaluasi kinerja
                                                             •    Prosedur yang disepakati bersama atas
                                                                  laporan KPPK
                                                             •    Audit of financial statements
                                                             •    Audit of compliance reports
                                                             •    Audit of compliance reports with the
                                                                  internal control system
                                                             •    Procedure mutually agreed upon in the
                                                                  performance evaluation report
                                                             •    Procedure mutually agreed upon with
                                                                  the KPPK report
     2018             K a s n e r Tanubrata Sutanto •             Audit atas laporan keuangan               Wajar terhadap              736.000.000
                      SirumapeaIzin Fahmi Bambang & •             Reviu laporan evaluasi kinerja            semua hal yang
                      No. AP: 0563  Rekan (BDO)     •             Laporan kepatuhan terhadap peraturan      material
                                                                  perundang-undangan
                                                             •    Laporan kepatuhan sistem pengendalian     Fair in all
                                                                  internal                                  material aspects
                                                             •    Jasa atestasi terhadap laporan kegiatan
                                                                  penerapan prinsip kehati-hatian (KPPK)
                                                             •    Audit of financial statements
                                                             •    Review on performance evaluation
                                                                  report
                                                             •    Report of compliance with laws and
                                                                  regulations
                                                             •    Control system compliance report
                                                             •    Attestation services to the prudent
                                                                  principles of activity report (KPPK)


    TINDAK LANJUT TEMUAN KAP                                                  FOLLOW-UP FROM KAP FINDINGS

    Dalam pelaksanaan audit, KAP dapat menemukan sejumlah                     When auditing, KAP may find several findings that the Company
    temuan yang nantinya akan dimonitor oleh Perseroan. Realisasi             may need to monitor. The follow-up that the Company has done
    tindak lanjut oleh Perseroan selama 2019-2024 adalah sebagai              from 2019 to 2024 are as follows:
    berikut:


                                                                            Jumlah Temuan Audit Sistem
                                Jumlah Temuan Audit Keuangan                         Informasi                        Realisasi Tindak Lanjut
          Tahun Buku
                                 Number of Finding in Financial            Number of Finding in Information           Realization of Follow-Up
         Financial Year
                                            Audit                                  System Audit
     2024                                       10                                          3                                      23%
     2023                                       14                                          4                                     42,8%
     2022                                        7                                          5                                     71.4%
     2021                                       10                                          2                                      58%
     2020                                       11                                          -                                      54%
     2019                                       15                                          5                                      85%




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   Manajemen Risiko
   Risk Management [OJK E.3]


   Sejak diterbitkannya Peraturan Menteri BUMN Nomor PER-                   Since the issuance of the Ministry SOE’s Regulation No. PER-2/
   2/MBU/03/2023 tentang Pedoman Tata Kelola dan Kegiatan                   MBU/03/2023 concerning on Guidelines for Governance and
   Korporasi Signifikan Badan Usaha Milik Negara, Garuda                    Significant Corporate Activities of State-Owned Enterprises,
   Indonesia sebagai induk Perusahaan GMF telah melakukan                   Garuda Indonesia as the parent company of GMF has conducted
   sosialisasi kepada seluruh anak usaha dan menghimbau untuk               socialization for all its subsidiaries and urged them to ratify
   meraktifikasi peraturan tersebut sebagai kerangka manajemen              the regulation as the company's risk management framework.
   risiko Perusahaan. Oleh karena itu, sejak 2024, kerangka                 Therefore, since 2024, GMF’s risk management framework has
   manajemen risiko GMF telah mengacu PER-2/MBU/03/2023                     referred to PER-2/MBU/03/2023 by implementing risk strategy
   dengan menerapkan strategi risiko melalui pernyataan selera              through Risk Appetite Statement (RAS) and determining risk
   risiko, dan penentuan nilai ambang batas risiko yang meliputi            threshold values, which include risk capacity, risk tolerance,
   kapasitas risiko, toleransi risiko, selera risiko, dan batasan risiko.   risk appetite, and risk limit.

   Perseroan menjaga konsistensi penerapan manajemen risiko                 The Company remains consistent in implementing risk
   melalui Pedoman Tata Kelola Perusahaan dan Kebijakan Manajemen           management through the Corporate Governance Guidelines
   Risiko No. KB-01-009. Pelaksanaan pedoman ini telah diatur dalam         and Risk Management Policy No. KB-01-009. These guidelines
   serangkaian Standard Operating Procedure untuk memastikan                have been put in a series of Standard Operating Procedures to
   penerapan manajemen risiko yang seragam dan selaras.                     ensure uniform and harmonized risk management.


                    Kebijakan Manajemen Risiko telah diunggah di website resmi GMF dan dapat diakses oleh publik
                 The Risk Management Policy has been uploaded to the official website of GMF and accessible for the public



                                                                     CLICK HERE




   KERANGKA KERJA MANAJEMEN RISIKO                                          RISK MANAGEMENT FRAMEWORK
   Strategi risiko terdiri dari pernyataan selera risiko dan nilai          The risk strategy consists of a risk appetite statement, risk
   ambang batas.                                                            threshold values, and risk strategy metrics.

   1. Pernyataan selera risiko                                              1. Risk appetite statement
      Pernyataan selera risiko dilakukan secara top-down dari                  The risk appetite statement is conducted by GMF in a
      Top Management atas sikap terhadap risiko kedepan.                       top-down manner from Top Management on the attitude
      Berdasarkan empat sikap terhadap risiko, pernyataan selera               towards future risks. Based on four attitudes toward risk,
      risiko GMF, antara lain:                                                 GMF's risk appetite statements include:
      a. Tidak Toleran                                                         a. Not Tolerant
           • GMF tidak mentoleransi risiko yang dapat                              • GMF does not tolerate risks that could impact on
              berdampak pada aspek airworthiness dan safety.                          airworthiness and safety aspects.
           • Insan professional GMF berkomitmen untuk                              • GMF professional are committed to upholding
              menjunjung tinggi Integritas dan core value                             Integrity and the core value of AKHLAK.
              AKHLAK.
           • GMF berkomitmen untuk patuh terhadap peraturan                        •   GMF is committed to complying with the applicable
              perundangan yang berlaku.                                                laws and regulations.
           • GMF menjaga penilaian dan kewajaran penyajian                         •   GMF maintains the assessment and fairness of the
              kinerja keuangan Perusahaan sesuai kaidah dan                            Company's financial performance in accordance
              Tata Kelola yang baik                                                    with principles and best practices of good corporate
                                                                                       governance.




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                                                                                                                                                                                                                                      Tata Kelola Perusahaan
                                                                                                                                                                                                                                       Corporate Governance




        b. Konservatif                                                                                                                                  b.       Conservative
           • GMF berupaya optimal menjaga kepuasan                                                                                                               • GMF strives to optimize customer satisfaction to
               pelanggan untuk meningkatkan jumlah loyal                                                                                                           increase the number of loyal customers ensuring
               customer agar dapat diperoleh kepastian                                                                                                             long-term revenue certainly.
               pendapatan dalam jangka panjang.
           • GMF berupaya menjaga efektivitas biaya dengan                                                                                                   GMF strives to maintain cost-effectiveness by
                                                                                                                                                                 •
               melakukan program optimasi dan efisiensi.                                                                                                     implementing optimization and efficiency programs.
           • GMF berkomitmen meningkatkan efektivitas                                                                                                      • GMF is committed to improving the effectiveness
               manajemen risiko untuk melindungi dan                                                                                                         of risk management to protect and create Company
               menciptakan nilai Perusahaan.                                                                                                                 value.
        c. Moderat                                                                                                                                      c. Moderate
           • GMF berupaya optimal untuk menjaga kinerja                                                                                                    • GMF strives to optimize company performance with
               Perusahaan dengan struktur keuangan yang                                                                                                      a healthy financial structure to ensure sustainable
               sehat demi menjaga kelangsungan usaha yang                                                                                                    business continuity.
               berkesinambungan.
           • GMF melakukan optimalisasi dalam investasi untuk                                                                                                    •         GMF optimizes investment to enhance capabilities.
               meningkatkan kapabilitas
        d. Strategis                                                                                                                                    d. Strategies
           • GMF secara aktif mendorong berjalannya                                                                                                        • GMF actively encourages innovation, both for
               inovasi, baik untuk perbaikan proses maupun                                                                                                     process improvement and business development.
               pengembangan usaha
           • GMF mendorong program pengembangan usaha,                                                                                                           •         GMF encourages business development programs,
               kerja sama strategis, dan peningkatan pendapatan                                                                                                            strategic partnership, and revenue growth
               usaha                                                                                                                                                       initiatives.

    2. Nilai Ambang Risiko                                                                                                                    2. Risk Threshold Value
       Nilai ambang risiko terdiri dari risk capacity, risk tolerance,                                                                           Risk threshold value consists of risk capacity, risk
       risk appetite, dan risk limit. Risk capacity GMF sebesar                                                                                  tolerance, risk appetite, and risk limit. GMF's risk capacity
       USD17,373,324, risk tolerance sebesar USD6,620,217,                                                                                       is USD17,373,324, risk tolerance of USD6,620,217, risk
       risk appetite sebesar USD6,018,379, dan risk limit sebesar                                                                                appetite of USD6,018,379, and risk limit of USD5,416,541.
       USD5,416,541.
                                                                                                               RKAP Berbasis Risiko
                                                                                                                           Risk-Based RKAP

                               RJPP                                                                            RKAP Berbasis Risiko
                                Visi
                                Visi
                                Misi
                                Misi

                              Sasaran:                                                               Penerimaan Risiko Level Entitas/Korporate                                  Risk Appetite Statement BUMN
                                                                                                      Penerimaan Risiko Level Entitas/Korporate                                  Risk Appetite Statement BUMN
                    •   Aspek Bisnis
                    •   Aspek Keuangan                    Loss Event Database Tahun
                    •   Aspek HC                                                                                                                                                                                                                  Risk Appetite
                                                                 Sebelumnya                                 Kapasitas Risiko Corporate
                    •   Aspek Pemasaran                                                                                                                                                                                                         Statement BUMN
                                                                                                             Kapasitas Risiko Corporate
                                                                                                                                                                            Tidak Toleran                Konservatif
                                                                                                             Toleransi Risiko Corporate                                     Tidak Toleran                Konservatif
                                                                                                              Toleransi Risiko Corporate
                                                                                                                                                                                                                                           Taksonomi isiko KBUMN
                                                                                                              Selera Risiko Corporate                                                                                                     Teragregasi dengan BUMN
                                                                                                                                                                              Moderat                      Strategis
                                                                                                               Selera Risiko Corporate
                                                                                                                                                                              Moderat                      Strategis

                                                                                                             Batasan Risiko Corporate
                                                                                                              Batasan Risiko Corporate




                                                                                                                                                                                                                   Nilai Eksposur Risiko Residual Tidak
                                                                                                                                                                                                                     Melebihi Batas Risiko Korporat
                 Metrik Strategi Risiko              Pilihan Sasaran & Strategi Bisnis                     Profil Risiko                                  Risiko Inheren                              Risiko Residual                         Rencana Perlakuan Risiko
                 Metrik Strategi Risiko              Pilihan Sasaran & Strategi Bisnis                     Profil Risiko                                  Risiko Inheren                              Risiko Residual                         Rencana Perlakuan Risiko

                                                                                                                                                                                                                                          Perlakuan risiko untuk mencapai
                 Memetakan strategi risiko          Memilih alternatif strategi yang tepat           Menghubungkan sasaran                                                                                                              target risiko residual yang diharapkan
             berdasarkan sasaran taksonomi,            mempertimbangkan risiko yang               dengan peristiwa risiko dengan              Menghitung nilai eksposur, level dan            Menghitung target nilai eksposur,                • Accept/Monitor
            disesuaikan dengan RAS dan sikap          timbul dan hasil yang diharapkan           menggunakan KRI dan threshold                 skala risiko sesudah pelaksanaan             level dan skala risiko setiap triwulan             • Reduce/Mitigate
             risiko serta nilai batas atas risiko         untuk mencapai nilai RKAP                  untuk menjaga nilai RKAP                    existing control di awal tahun                          dan tahunan                           • Transfer/Share
                       yang dimaksud                            sebagai EWS                                 sebagai EWS                       Menghitung nilai eksposur, level dan             Menghitung target nilai eksposur,               • Avoid/Hindari
                 Memetakan strategi risiko              Memilih alternatif strategi yang         Menghubungkan sasaran dengan                  skala risiko sesudah pelaksanaan              level dan skala risiko setiap triwulan        Perlakuan risiko untuk mencapai
              berdasarkan sasaran taksonomi,        tepat mempertimbangkan risiko yang         peristiwa risiko dengan menggunakan               existing control di awal tahun                          dan tahunan                    target risiko residual yang diharapkan
            disesuaikan dengan RAS dan sikap           timbul dan hasil yang diharapkan        KRI dan threshold untuk menjaga nilai                                                                                                           • Accept/Monitor
             risiko serta nilai batas atas risiko         untuk mencapai nilai RKAP                     RKAP sebagai EWS                                                                                                                       • Reduce/Mitigate
                       yang dimaksud                             sebagai EWS                                                                                                                                                                   • Transfer/Share
                                                                                                                                                                                                                                               • Avoid/Hindari

             •   Taksonomi Risiko                     •   Sasaran
             •   Parameter dan satuan ukur            •   Strategi                               •    Peristiwa Risiko                            •   Nilai Dampak                            •   Target Nilai Dampak                     •    Rencana Perlakuan Risiko
             •   Nilai Batasan Risiko                 •   Keputusan                              •    Key Risk Indicator                          •   Nilai Kemungkinan                       •   Target Nilai Kemungkinan                •    Biaya Perlakuan
             •   Metrik Strategi Risiko               •   Penetapan                              •    Existing Control                            •   Nilai Eksposur                          •   Target Nilai Eksposur                   •    Timeline
             •   Taksonomi Risiko                     •   Sasaran                                •    Peristiwa Risiko                            •   Nilai Dampak                            •   Target Nilai Dampak                     •    Rencana Perlakuan Risiko
             •   Parameter dan satuan ukur            •   Strategi                               •    Key Risk Indicator                          •   Nilai Kemungkinan                       •   Target Nilai Kemungkinan                •    Biaya Perlakuan
             •   Nilai Batasan Risiko                 •   Keputusan                              •    Existing Control                            •   Nilai Eksposur                          •   Target Nilai Eksposur                   •    Timeline
             •   Metrik Strategi Risiko               •   Penetapan




                                                                       •   Skala Dampak                                             Heatmap
                                                                       •   Skala Kemungkinan                                        Heatmap
                                                                       •   Skala Dampak
                                                                                                                           Monitoring pergerakan risiko
                                                                       •   Skala Kemungkinan




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   Sebagaimana yang tertuang di PER 2/MBU/03/2023 bahwa                                   As stated in PER 2/MBU/03/2023, Stated-Owned Enterprises
   BUMN dan anak usahanya wajib menerapkan model tata Kelola                              and their subsidiaries are required to implement the Three
   risiko Model Tiga Lini (three lines model) dalam melaksanakan                          Lines Model in risk governance. Thus, GMF has established
   manajemen risiko. Dengan demikian, GMF telah membentuk                                 an Enterprise Risk Management (ERM) Team as one of the
   Tim Enterprise Risk Management (ERM) sebagai salah satu                                supporting organs of the Board of Directors responsible for
   organ pendukung Direksi yang bertanggung jawab menjalankan                             executing risk management within the Company as the second
   manajemen risiko di lingkup Perseroan sebagai lini kedua.                              line. The organizational structure is designed so that there is a
   Struktur organisasi dirancang agar terjadi pemisahan fungsi                            separation of functions between the risk-owning business units
   antara unit bisnis pemilik risiko yang langsung mengidentifikasi                       that directly identify and manage risks in business processes,
   dan mengelola risiko dalam proses bisnis, fungsi manajemen                             the risk management function that measures, monitors, and
   risiko yang mengukur, memantau, dan memperlakukan risiko                               treats risks in aggregate, develops enterprise risk management
   secara agregat, mengembangkan metodologi dan kebijakan                                 methodologies and policies, and the internal audit function that
   manajemen risiko perusahaan, dan fungsi audit intern yang                              ensures governance and risk control.
   memastikan tata Kelola dan pengendalian risiko.

   ROADMAP MANAJEMEN RISIKO                                                               RISK MANAGEMENT ROADMAP

   GMF menyusun Roadmap ERM 2024-2028 sebagai langkah                                     GMF compiled the 2024-2028ERM Roadmap as a strategic
   strategis dalam menunjang pengelolaan risiko GMF. Berikut                              initiative in supporting GMF risk management. The following
   Roadmap ERM 2024-2028 yang dimiliki GMF:                                               is the 2024-2028 ERM Roadmap of GMF:




               2024                              2025                               2026                         2027                             2028
                                        Penguatan dan Integrasi                                           Integrasi Data dan                 Embedded Risk
       Pondasi dan Komitmen                                                 Proaktif dan Sistematis
                                               Proses                                                         Kolaborasi                      Management

   •    Penilaian Risiko Awal       •    Penguatan Tim Manajemen        •    Pengembangan Sistem      •   Pendekatan Risiko berbasis   •   Pengelolaan Risiko secara
   •    Pelatihan Dasar Manajemen        Risiko                              Informasi Risiko             permodelan data                  Global
        Risiko                    •      Integrasi Manajemen Risiko     •    Penguatan Pengendalian   •   Kolaborasi dengan pihak      •   Penerapan Risiko berbasis
   •    Penyesuaian Kebijakan dan        dalam Proses Bisnis                 Risiko                       eksternal                        Teknologi
        Prosedur Manajemen Risiko   •    Peningkatan Kesadaran          •    Peningkatan Proses       •   Penilaian Risiko             •   Manajemen Risiko yang
        mengacu pada PER-2               Risiko di Tingkat Organisasi        Pengambilan Keputusan        berkelanjutan dan inovatif       terintegrasi sepenuhnya
   •    Penilaian Risiko Awal       •    Penguatan Tim Manajemen        •    Pengembangan Sistem      •   Pendekatan Risiko berbasis   •   Pengelolaan Risiko secara
   •    Pelatihan Dasar Manajemen        Risiko                              Informasi Risiko             permodelan data                  Global
        Risiko                      •    Integrasi Manajemen Risiko     •    Penguatan Pengendalian   •   Kolaborasi dengan pihak      •   Penerapan Risiko berbasis
   •    Penyesuaian Kebijakan dan        dalam Proses Bisnis                 Risiko                       eksternal                        Teknologi
        Prosedur Manajemen Risiko   •    Peningkatan Kesadaran          •    Peningkatan Proses       •   Penilaian Risiko             •   Manajemen Risiko yang
        mengacu pada PER-2               Risiko di Tingkat Organisasi        Pengambilan Keputusan        berkelanjutan dan inovatif       terintegrasi sepenuhnya




   PROFIL RISIKO                                                                          RISK PROFILE

   Bidang usaha GMF memiliki risiko inheren yang bersifat                                 GMF business has an inherent internal and external risks. The
   internal dan eksternal. Perseroan selalu melakukan risk                                Company annually assess the risks to identify potential risks and
   assessment setiap tahunnya untuk mengenali potensi risiko dan                          classify them into various levels of risk profiles to manage the
   mengklasifikasikannya menjadi profil risiko ke dalam berbagai                          risks more effectively. The risk profile in 2024 was as follows:
   tingkatan untuk membantu penanggulangan risiko yang lebih
   efektif. Profil risiko yang dihadapi GMF pada tahun 2024 adalah
   sebagai berikut:




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                                  Risiko                                                      Dampak
      No.                                                                                     Impact
                                   Risk

     Risiko Keuangan
     Finance Risk

        1     Pendapatan tidak tercapai               •   Target laba tidak tercapai
              Revenue not achieved                    •   Arus kas Perseroan terhambat
                                                      •   Rencana pengembangan perusahaan terhambat
                                                      •   Profit target is not achieved
                                                      •   Company cashflow is hampered
                                                      •   The company's development plan is hampered
        2     Net profit margin tidak tercapai        •   Arus kas Perseroan terhambat
              Net profit margin not achieved          •   Rencana pengembangan perusahaan (investasi) terhambat
                                                      •   Modal tidak meningkat/menurun
                                                      •   Company cashflow is hampered
                                                      •   Business development plan (investment) is hampered
                                                      •   Equity does not increase/decrease
        3     Risiko likuiditas                       •   Target arus kas tidak tercapai
              Liquidity risk                          •   Utang meningkat (utang di luar pemenuhan kebutuhan modal kerja dan kewajiban
                                                          jangka pendek)
                                                      •   Kekurangan modal kerja untuk operasional
                                                      •   Kekurangan modal investasi untuk pengembangan usaha
                                                      •   Tuntutan PKPU
                                                      •   Cash flow target not achieved
                                                      •   Increased company debt (debt beyond meeting working capital needs and short-term
                                                          liabilities)
                                                      •   Lack of working capital for operations
                                                      •   Lack of investment capital for company development
                                                      •   PKPU demands
        4     Kurangnya modal kerja & GMF tdk         •   Operasional usaha terhambat
              diperbolehkan menerima fasilitas        •   Rencana pengembangan usaha (investasi) terhambat
              pendanaan dari bank selama masa         •   SCM terhambat
              restrukturisasi                         •   Company operations are hampered
              Lack of working capital & GMF is not    •   Company development plan (investment) is hampered
              allowed to receive funding facilities   •   SCM is hampered
              from banks during the restructuring
              period

     Risiko Strategi
     Strategic Risk

        1     Tidak mendapatkan kontrak jangka        •   Target pendapatan tidak tercapai
              panjang                                 •   Kualitas hasil pekerjaan yang kurang bai
              Not getting a long-term contract        •   GMF tidak berkembang, going concern Perseroan diragukan
                                                      •   Revenue target not achieved
                                                      •   Poor quality of work
                                                      •   GMF does not develop, the Company's going concern is doubtful
        2     Cyber security                          •   Operasional bisnis terganggu
                                                      •   Terjadi pembajakan situs yang dapat menyebabkan krisis di mata publik
                                                      •   Keterlambatan update module yang menyebabkan data tidak terupdat dan kesalahan
                                                          dalam bekerja
                                                      •   Business operations are disrupted
                                                      •   Site hijacking occurs which can cause a crisis in the public eye
                                                      •   Delays in updating modules that cause data to be out of date and errors in work
        3     Suspense/surrender sertifikasi dari     •   Kredibilitas GMF menurun
              regulasi                                •   Pendapatan tidak tercapai
              Suspense/surrender of regulatory        •   Laba tidak tercapai
              certification                           •   CSI (Customer Satisfaction Index) tidak tercapai
                                                      •   GMF credibility decreases
                                                      •   Revenue is not achieved
                                                      •   Profit is not achieved
                                                      •   CSI (Customer Satisfaction Index) is not achieved
        4     Risiko geopolitik                       •   Rantai pasok/global supply chain terhambat
              Geopolitical risks                      •   Embargo, mempersempit penerimaan customer dan vendor
                                                      •   Krisis energi, harga avtur meningkat
                                                      •   Global supply chain obstructed
                                                      •   Embargo, narrowing customer and vendor acceptance
                                                      •   Energy crisis, fuel price increases




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                               Risiko                                                       Dampak
     No.                                                                                    Impact
                                Risk

    Risiko Operasional
    Operational Risks

      1     SCM terhambat                          •    TAT tidak terpenuhi
            SCM disrupted                          •    Menimbulkan denda dari ketidaktercapaian SLA
                                                   •    CSI menurun karena adanya komplain dari customer
                                                   •    Hilangnya customer
                                                   •    TAT not met
                                                   •    Incurring fines from SLA non-achievement
                                                   •    CSI decreases due to complaints from customers
                                                   •    Loss of customers
      2     Ketersediaan kapasitas yang terbatas   •    TAT tidak terpenuhi
            Limited capacity availability          •    Menimbulkan denda dari ketidaktercapaian SLA
                                                   •    Adanya rework yang menyebabkan peningkatan biaya
                                                   •    Pendapatan tidak tercapai
                                                   •    Laba tidak tercapai
                                                   •    TAT not met
                                                   •    Incurring fines from SLA non-achievement
                                                   •    Rework that causes an increase in costs
                                                   •    Revenue is not achieved
                                                   •    Profit is not achieved


   MITIGASI RISIKO                                                        RISK MITIGATION

   Perseroan merancang upaya penanggulangan (mitigasi) risiko             The Company designs a risk mitigation for every identified risk
   dari setiap risiko yang teridentifikasi sebagai bentuk antisipasi      to anticipate the risk from showing again in the future. Based
   terhadap kemungkinan risiko yang muncul di masa mendatang.             on the risk profile earlier, GMF has made several mitigations
   Berdasarkan profil risiko yang telah disampaikan sebelumnya,           as follows:
   GMF telah melakukan mitigasi sebagai berikut:


                                                             Mitigasi Risiko GMF
                                                               GMF Risk Mitigation
                  Jenis Risiko                                                       Mitigasi
     No.           Risk Type                                                         Mitigation
      1     Risiko Strategis            •   Partnership dengan MRO lain
            Strategic Risk              •   Iterasi customer baru dan lama dilakukan secara regular dan intensif sebelum MRO lain melakukannya
                                        •   Melakukan pendekatan dengan customer sampai mendapatkan kontrak kerjasama sebelum memasuki
                                            periode/tahun baru (untuk sales level 3 dan 4)
                                        •   Mencari rootcause COPQ yang pernah terjadi dan memastikan tidak akan terjadi kembali dengan
                                            membuat program
                                        •   Menelaah kapasitas dan kapabilitas yang tersedia diimbangi dengan pemenuhannya sehingga SLA
                                            dan TAT penyelesaian sesuai target yang disepakati dengan customer
                                        •   Meningkatkan QCDS secara optimal sepanjang 2024
                                        •   Ditetapkan target efisiensi di semua dinas dengan hitungan yang mempengaruhi (PnL dan cashflow
                                            secara riil)
                                        •   Meningkatkan kontrol dan profitability project, termasuk hitungan COPQ
                                        •   Memberikan batasan COPQ di setiap proyek
                                        •   Memberikan batasan minimal profit margin project agar dapat menyerap fixed cost
                                        •   Mengidentifikasi kesenjangan aktiva dan kewajiban lancar
                                        •   Melakukan debt restructuring
                                        •   Meningkatkan cadangan kas
                                        •   Target free cashflow berdasarkan level penerimaan customer di level 3-4
                                        •   Efisiensi dilakukan secara masif
                                        •   Melakukan joint operation
                                        •   Payment plan hasil negosiasi dijalankan dan collection tepat waktu
                                        •   Fokus pada pengembangan bisnis aviasi (pembelian tools dan investasi yang menunjang operasional)




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                                                         Mitigasi Risiko GMF
                                                           GMF Risk Mitigation
                     Jenis Risiko                                                  Mitigasi
      No.             Risk Type                                                    Mitigation
                                    •   Partnerships with other MROs
                                    •   Regular and intensive iteration with new and existing customers before other MROs do
                                    •   Engaging with customers to secure cooperation contracts before entering a new period/year (for
                                        sales level 3 and 4)
                                    •   Identifying the root cause of previously occurred COPQ and ensuring it will not happen again by
                                        implementing a dedicated program
                                    •   Assessing available capacity and capability and ensuring fulfillment to meet SLA and TAT targets
                                        agreed with customers
                                    •   Optimizing QCDS throughout 2024
                                    •   Setting efficiency targets across all departments with calculations that impact PnL and real cash flow
                                    •   Enhancing project control and profitability, including COPQ calculations
                                    •   Setting COPQ limits for each project
                                    •   Setting minimum project profit margin thresholds to absorb fixed costs
                                    •   Identifying gaps in current assets and liabilities
                                    •   Carrying out debt restructuring
                                    •   Increasing cash reserves
                                    •   Setting free cash flow targets based on customer receipts at levels 3-4
                                    •   Conducting massive efficiency efforts
                                    •   Executing joint operations
                                    •   Implementing payment plans as negotiated and ensuring timely collection
                                    •   Focusing on aviation business development (tool procurement and operational-supporting investments)
        2     Risiko Keuangan       •   Alokasi dana untuk menggunakan Network Access Control
              Financial Risk        •   Alokasi dana untuk melakukan pelatihan kesadaran dan keamanan secara berkala
                                    •   Membuat program manager untuk meningkatkan IT Security
                                    •   Melakukan back up DATA dan jaringan secara konsisten
                                    •   Memastikan Perseroan selalu mematuhi/memenuhi persyaratan dan regulasi yang berkaitan dengan
                                        sertifikasi yang dimiliki
                                    •   Mempertahankan Certificate Approval from prime Authority (DGCA, FAA, EASA, CASA, CAAM, CAAC)
                                    •   Menyediakan lisensi lainnya sesuai kebutuhan bisnis
                                    •   Meningkatkan peran & fungsi pengawalan, konsultasi, audit (ECA)
                                    •   Melakukan koordinasi secara intensif dengan pemasaran terkait rencana bisnis
                                    •   Melakukan komunikasi secara intensif dengan regulator terkait
                                    •   Menggunakan asuransi risiko politik
                                    •   Mempersiapkan recana darurat dalam menghadapi krisis dan pemulihan bisnis untuk mengurangi
                                        dampak negatif pada pendapatan Perseroan
                                    •   Memantau perkembangan politik dan ekonomi di Indonesia secara aktif untuk dapat merespon
                                        perubahan situasi dengan cepat
                                    •   Kebijakan yang berbasis 3T, yaitu tepat waktu, tepat kebijakan, dan tepat sasaran
                                    •   Funding allocation for Using Network Access controll
                                    •   Allocation of funds to Conduct regular security awareness and training
                                    •   Create a program manager to improve IT Security.
                                    •   Consistently back up DATA and network
                                    •   Ensure that the company always complies with / fulfills the requirements and regulations relating
                                        to the certifications held
                                    •   Maintain Certificate Approval from prime Authority (DGCA, FAA, EASA, CASA, CAAM, CAAC)
                                    •   Provide other licenses according to business needs.
                                    •   Increase the role & function of escort, consultation, audit (ECA)
                                    •   Coordinate intensively with marketing related to business plan
                                    •   Intensive communication with related authorities
                                    •   Use political risk insurance
                                    •   Prepare emergency plans in the face of crisis and business recovery to reduce the negative impact
                                        on the Company's revenue
                                    •   Actively monitor political and economic developments in Indonesia to be able to respond quickly to
                                        changes in the situation
                                    •   Policies based on the 3Ts, i.e. right time, right policy, and right target.
        3     Risiko Operasional    •   Melakukan diversivikasi vendor
              Operational Risk      •   Mempunyai persediaan darurat
                                    •   Melakukan planing stock yang baik dan menelaah kinerjanya
                                    •   Melakukan analisa permintaan pasar dan evaluasi kapasitas secara rutin
                                    •   Melakukan investasi dalam peningkatan kapasitas seperti penambahan tools, facility, manpower
                                    •   Memastikan investasi didasarkan pada analisis permintaan jangka panjang dan kebutuhan Perseroan
                                    •   Melakukan perencanaan produksi yang efisien dengan memanfaatkan teknologi
                                    •   Melakukan outsource untuk kegiatan clerical atau pekerja lapangan
                                    •   Diversify vendors
                                    •   Have emergency stock
                                    •   Perform good stock planning and review its performance
                                    •   Analyze market demand and evaluate capacity regularly
                                    •   Invest in capacity building such as additional tools, facilities and manpower
                                    •   Ensure investments are based on long-term demand analysis and Company needs
                                    •   Conduct efficient production planning by utilizing technology
                                    •   Outsource clerical activities or field workers




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   EVALUASI SISTEM MANAJEMEN RISIKO                                 RISK MANAGEMENT SYSTEM EVALUATION
    Sistem manajemen risiko GMF tidak terlepas dari peran            The risk management system is inseparable from the Enterprise
   Enterprise Risk Management (ERM) sebagai penangung jawab         Risk Management (ERM), as the team in charge of risk
   pengelolaan risiko. Penilaian dan evaluasi terhadap kinerja      management. Assessment and evaluation of ERM performance
   ERM pada tahun 2024 telah disampaikan di pembahasan              in 2024 are available in the discussion regarding its assessment
   mengenai penilaian kinerja dan organ pendukung Direksi pada      and the supporting bodies of the Board of Directors in the
   pembahasan sebelumnya.                                           earlier discussion.

   PANDANGAN DEWAN                                                  VIEWS FROM THE BOARD
   KOMISARIS DAN DIREKSI                                            OF COMMISSIONERS AND
                                                                    BOARD OF DIRECTORS
   Dewan Komisaris dan Direksi memandang bahwa GMF secara            The Board of Commissioners and Directors consider that GMF
   aktif menerapkan strategi yang melibatkan pengelolaan risiko     is actively implementing a strategy that involves managing risk
   sebagai bagian integral dari rencana bisnis, mengambil risiko    as an integral part of the business plan, taking higher risks in
   lebih tinggi dalam rangka mencapai pertumbuhan dan inovasi       order to achieve greater growth and innovation.
   yang lebih besar.

   Jika diperlukan pengambilan keputusan bisnis, maka               If business decisions are required, they are based on risk analysis
   keputusan tersebut didasarkan pada analisis risiko dan potensi   and the potential for long-term return on investment and can
   pengembalian investasi jangka panjang serta dapat menanggung     bear a large burden.
   beban yang besar.

   RENCANA MANAJEMEN RISIKO 2025                                    RISK MANAGEMENT PLAN 2025
   Dengan mempertimbangkan pencapaian di tahun 2024, juga            Taking into account the achievements in 2024, as well as the
   peraturan Menteri BUMN PER-2/MBU/03/2023, dan profil             regulation of the Minister of SOEs PER-2/MBU/03/2023,
   risiko pada tahun 2025, maka Perseroan akan menyusun             and the risk profile in 2025, the Company will prepare risk
   rencana manajemen risiko sesuai dengan profil risiko yang        management plan according to risk profile that may arise in
   mungkin timbul di tahun 2025.                                    2025.

   Guna mendukung tercapainya program kerja Enterprise              To support the achievement of the Enterprise Risk Management
   Risk Management pada 2025, maka program perbaikan                work programme in 2025, the continuous improvement
   berkelanjutan yang akan dilakukan antara lain:                   programme includes:
   1. Meningkatkan kolaborasi antar lini dan menanamkan             1. Improving collaboration between lines and embedding risk
      kesadaran risiko sebagai budaya perusahaan                        awareness as a corporate culture.
   2. Pemenuhan compliance penerapan Manajemen Risiko               2. Fulfillment of compliance of Risk Management
      sesuai PER-2/MBU/03/2023                                          implementation in accordance with PER-2/MBU/03/2023
   3. Peningkatan kualifikasi dan kompetensi organ pengelola        3. Improving the qualifications and competencies of risk
      risiko                                                            management organs
   4. Peningkatan sistem pengelolaan risiko yang terintegrasi       4. Improvement of an integrated risk management system
      dengan berbasis teknologi                                         with technology-based




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                                                                                                                                                                 Tata Kelola Perusahaan
                                                                                                                                                                  Corporate Governance




                                                                  Sistem Pengendalian Internal
                                                                                                                          Internal Control System


    Sistem Pengendalian Internal (SPI) merupakan proses yang                                      The Internal Control System (ICS) is a process designed and
    dirancang dan dijalankan oleh Dewan Komisaris, Direksi, dan                                   implemented by the Board of Commissioners, the Board of
    struktur manajemen lainnya, serta seluruh personil Perseroan                                  Directors, other management structures, and all personnel of
    yang bertujuan untuk mewujudkan komitmen Perseroan dalam                                      the Company. It aims to realize the Company’s commitment to
    menerapkan prinsip Tata Kelola Perusahaan yang Baik, juga                                     the implementation of Good Corporate Governance principles,
    untuk memberikan keyakinan yang memadai atas tercapainya                                      as well as to provide reasonable assurance of the achievement
    efektivitas dan efisiensi operasi, keandalan pelaporan keuangan,                              of operational effectiveness and efficiency, reliability of financial
    kepatuhan terhadap hukum, dan peraturan yang berlaku serta                                    reporting, compliance with applicable laws and regulations, and
    penerapan mekanisme check and balance.                                                        the enforcement of a check and balance mechanism.

    Sebagai organ Perseroan yang bertanggung jawab atas                                           As the Company's organ responsible for corporate management,
    pengelolaan perusahaan, Direksi harus memastikan bahwa                                        the Board of Directors must ensure that internal control and
    fungsi pengendalian internal dan manajemen risiko telah                                       risk management functions are in place and implemented across
    tersedia dan diterapkan pada semua aspek dan lini perusahaan.                                 all aspects and levels of the Company.



    KEBIJAKAN PENGENDALIAN INTERNAL                                                               INTERNAL CONTROL POLICY

    Perseroan memiliki surat keputusan KB-01-009 Kebijakan                                        The Company has two decrees of KB-01-009 Risk Management
    Manajemen Risiko dan KB-01-010 Kebijakan Pengendalian                                         Policy and KB-01-010 Internal Control Policy which was issued
    Internal yang dicetuskan oleh Direktur Utama sebagai pedoman                                  by the President Director as the internal control guideline. These
    sistem pengendalian internal. Pedoman tersebut memastikan                                     guidelines ensure that the Company's management activities
    kegiatan pengelolaan Perseroan berjalan dengan baik dan                                       run approrirately and do not deviate from the prevailing rules
    tidak menyimpang dari ketentuan dan peraturan yang berlaku.                                   and regulations. The Company adopts the 3 Lines of Defense
    Perseroan mengadopsi konsep 3 Lines of Defense dalam                                          concept in risk management and internal control as follows:
    pengelolaan risiko dan pengendalian internal yang dapat dilihat
    dalam kerangka sistem pengendalian internal sebagai berikut:

                                                             Kerangka Sistem Pengendalian Internal
                                                                        Internal Control Framework

                                                                         *Set the from the top*
                                                                         Menetapkan dan mengarahkan sistem internal perusahaan framework
                                         BoD Perform Oversight           manajemen risiko
                                                                         Determining and directing risk management framework of the corporate internal
                                                                         system




                                                                         1. Pertahanan lapis ketiga
                                                                         2. Melakukan Pengujian yang independen dan objektif untuk memastikan
                                                                            efektivitas dan Efisiensi proses bisnis
                                                                         3. Menjamin implementasi manajemen risiko berfungsi sesuai desain
                                     Unit Pengawasan Internal               mengidentifikasi kemungkinan perbaikan proses
                                        Internal Control Unit            1. Third Line of Defense
                                                                         2. Conducting independent and objective evaluation to ensure the effectiveness
                                                                            and efficiency of business process
                                                                         3. Ensuring that risk management implementation is functioning according to
                                                                            the design identifying chances of process improvement



                                                                          1. Pertahanan Lapis Kedua
                                                                          2. Mendesain dan mengembangkan Framework Manajemen Risiko
                                     Unit Pengawasan Internal                Memfasilitasi dan mengevaluasi kepatuhan terhadap peraturan yang
                                        Internal Control Unit                berlaku
                                                                          1. Second Line of Defence
                                                                          2. Designing and developing Risk Management according to the implemented
                                                                             framework and Evaluating compliance with prevailing regulations


                                                                          1. Pertahanan Lapis Kedua
                                     Manajemen Operasional                2. Mendesain dan mengembangkan Framework Manajemen Risiko
                                     Operational Management                  Memfasilitasi dan mengevaluasi kepatuhan terhadap peraturan yang
                                                                             berlaku
                                                                          1. Second Line of Defence
                                                                          2. Designing and developing Risk Management according to the implemented
                                   SBU     Bidang     Unit   Bidang          framework and Evaluating compliance with prevailing regulations
                                   SBU     Division   Unit   Division




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   ADAPTASI PRINSIP COSO                                           ADAPTATION OF COSO PRINCIPLES

   Perseroan mengadopsi konsep 3 Lines Model dalam                 The Company adopts the Committee of Sponsoring
   pengelolaan risiko dan pengendalian internal yang diambil       Organizations of the Treadway Commission’s (COSO) 3 Lines
   dari prinsip Committee of Sponsoring Organizations of the       Model concept in risk management and internal control.
   Treadway Commission (COSO). Unit kerja, sebagai Manajemen       The working units, as the Operational Management, play an
   Operasional, berperan penting dalam mengendalikan aktivitas     important role in controlling work activities. With their function
   kerja di unitnya masing-masing. Risk Management, dengan         as Management Control, Risk Managementare tasked with
   fungsinya sebagai Manajemen Pengendali, bertugas mengelola      managing corporate risk as a whole that includes assessment
   risiko korporat secara keseluruhan yang melakukan berbagai      and monitoring of corporate risk control measures.
   aktivitas asesmen dan melakukan monitoring tindakan
   pengendalian risiko korporat.



   PENGENDALIAN INTERNAL UNTUK                                     INTERNAL CONTROL FOR OPERATIONAL
   ASPEK OPERASI DAN KEUANGAN                                      AND FINANCIAL ASPECTS

   Manajemen menempatkan individu dalam posisi yang tepat          The Management positioned the individuals in the correct
   sesuai kompetensi. Terdapat sejumlah pedoman kerja yang telah   position according to their competence. There are several
   disusun untuk menjamin adanya standar dalam melaksanakan        guidelines to ensure work standards work. The Company has
   kerja. Perseroan memiliki berbagai unit bisnis yang dibentuk    various business units to carry out their respective functions
   untuk menjalankan fungsinya masing-masing untuk memastikan      to ensure adequate internal control, namely:
   adanya pengendalian internal yang memadai yaitu:
   1. Unit Budget and Control yang bertanggung jawab dalam         1. Budget and Control Unit, responsible for controlling the
       mengontrol realisasi penggunaan anggaran.                      budget and its use.
   2. Unit Security Management yang bertanggung jawab dalam        2. Security Management Unit, responsible for the Company’s
       menjamin keamanan Perseroan.                                   security.
   3. Unit Financial & Management Accounting, Internal Control,    3. Financial & Management Accounting Unit, Internal Control,
       dan Safety Inspection yang bertanggung jawab dalam             and Safety Inspection Units, responsible for designing and
       mendesain dan mengembangkan kerangka manajemen                 developing a risk management framework and controlling
       risiko serta mengontrol implementasinya.                       its implementation.
   4. Unit Quality System & Auditing yang bertanggung jawab        4. Quality System & Auditing Unit, responsible for quality
       dalam melakukan kontrol kualitas terhadap material dan         control on the Company's materials and products.
       produk Perseroan.
   5. Unit Corporate Legal dan Unit Aircraft Quality Performance   5. The Corporate Legal Unit and the Aircraft Quality
       Monitoring yang bertanggung jawab dalam menjamin               Performance Monitoring Unit, responsible for ensuring
       kepatuhan Perseroan sesuai dengan regulasi yang berlaku        the Company's compliance with regulations from the
       baik dari pemerintah maupun otoritas penerbangan.              government and aviation authorities.
   6. Unit Human Capital Management dan Unit Strategic             6. The Human Capital Management Unit and the Strategic
       Management Office yang bertanggung jawab mendesain             Management Office Unit, responsible for designing the
       struktur organisasi.                                           organizational structure.

   Direksi berperan untuk mengarahkan sistem pengendalian          The Board of Directors plays a role to direct the internal control
   internal. Dewan Komisaris bertindak sebagai pengawas untuk      system. The Board of Commissioners acts as a supervisor and
   memastikan jalannya Perseroan dan memberikan arahan serta       gives direction and advice to prevent irregularities. External
   nasihat yang diperlukan untuk mencegah adanya penyimpangan.     parties such as KAP, Aviation Authority Institutions, Quality
   Pihak eksternal seperti KAP, Lembaga Otoritas Penerbangan,      Certification Bodies, and Regulators are all independent parties
   Lembaga Sertifikasi Mutu, dan Regulator menjadi pihak           assessing the Company's internal control according to their
   independen yang menilai pelaksanaan pengendalian internal       respective fields.
   Perseroan sesuai bidangnya masing-masing.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                                 Tata Kelola Perusahaan
                                                                                                                  Corporate Governance




    EVALUASI PENGENDALIAN INTERNAL                                       INTERNAL CONTROL EVALUATION

    Evaluasi terhadap efektivitas pengendalian internal tidak            Evaluation of internal control effectiveness is inseparable from
    terlepas dari evaluasi terhadap seluruh unit bisnis, terutama        the evaluation of all business units, especially those related to
    unit-unit yang terkait pengelolaan risiko dan audit internal.        risk management and internal audit. Of course, the assessment
    Tentunya penilaian terhadap masing-masing unit bisnis tersebut       of each unit is available in the earlier discussion in this
    dapat dibaca di pembahasan sebelumnya yang ada di Laporan            Integrated Report. However, in general, the Company already
    Terintegrasi ini. Akan tetapi, secara garis besar, Perseroan telah   has an appraisal system for each unit to evaluate overall KPI
    memiliki sistem penilaian kinerja masing-masing unit bisnis          achievement. This assessment is one of the bases for assessing
    sebagai bentuk evaluasi dari pencapaian KPI Perseroan secara         internal control, which is always monitored periodically.
    keseluruhan. Penilaian ini menjadi salah satu dasar evaluasi
    pengendalian internal yang selalu dimonitor secara berkala.

    PANDANGAN DEWAN                                                      VIEWS FROM THE BOARD
    KOMISARIS DAN DIREKSI                                                OF COMMISSIONERS AND
                                                                         BOARD OF DIRECTORS

    Perseroan memastikan efektivitas sistem pengendalian                 The Company ensured the effectiveness of the internal control
    internal dengan melakukan sejumlah audit di mana dapat               system through several audits which can be concluded that the
    disimpulkan bahwa sistem pengendalian internal Perusahaan            Company’s internal control system was adequate. Nevertheless,
    sudah memadai. Walaupun demikian, Perusahaan memandang               the Company believes that a continuous improvement effort
    perlu adanya perbaikan secara berkelanjutan untuk lebih              is needed to maximize the internal control according to the
    memaksimalkan efektivitas pengendalian internal sesuai dengan        recommendations from the audit.
    rekomendasi dari hasil audit.

    Dewan Komisaris dan Direksi sangat mempedulikan jalannya             The Board of Commissioners and Board of Directors care about
    sistem pengendalian internal Perusahaan dan memberikan               the Company’s internal control system and always pay special
    perhatian khusus terhadap proses dan hasil audit, serta              attention to the audit process and its results, as well as its
    rekomendasinya. Dewan Komisaris memanfaatkan Komite                  recommendation. The Board of Commissioners utilizes the
    Audit sebagai organ pendukung yang turut memantau dan                Audit Committee as the supporting body that monitors and
    bekerja sama dengan auditor eksternal (bilamana diperlukan)          cooperates with the external auditor (if needed) before the
    sebelum kemudian memberikan opini yang bersifat independen           committee provides an independent opinion concerning the
    terhadap hasil audit. Direksi memiliki mekanisme rapat berkala       audit result. The Board of Directors has its periodic meeting
    yang salah satunya agendanya senantiasa membahas mengenai            that discusses various issues, which among others, including
    proses audit Perusahaan.                                             the audit.

    Berdasarkan hasil audit terhadap sistem pengendalian internal        Based on the audit result on the internal control system stated
    yang telah disampaikan di atas, Dewan Komisaris dan Direksi          above, the Board of Commissioners and Board of Directors had
    juga berkesimpulan bahwa sistem pengendalian internal                come to the same conclusion that the internal control system
    Perusahaan sudah memadai dan diperlukan upaya terus-                 has been adequate and continuous improvement is needed to
    menerus untuk memaksimalkan efektivitas pengendalian.                maximize the control effort.




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   Perkara Penting [GRI 2-27]
   Important Cases [GRI 2-27]


   PERMASALAHAN HUKUM                                                 LEGAL ISSUES

   Permasalahan dan/atau perkara hukum yang dihadapi Perseroan        Legal issues and/or cases that the Company or its Commissioners
   serta anggota Dewan Komisaris dan Direksi sepanjang tahun          or Directors faced in 2024 and 2023 are as follows:
   2024 dan 2023 adalah sebagai berikut:


                                                                           2024                                2023
                    Permasalahan Hukum
                        Legal Issues                           Perdata            Pidana             Perdata           Pidana
                                                                Civil             Criminal            Civil            Criminal

    GMF

    Selesai dan telah mempunyai kekuatan hukum tetap               Nihil            Nihil             Nihil             Nihil
    Settled with legally-binding decision                          None             None              None              None
    Dalam proses penyelesaian                                      Nihil            Nihil             Nihil             Nihil
    Ongoing                                                        None             None              None              None
    Dewan Komisaris dan Direksi
    Board of Commissioners and Directors
    Selesai dan telah mempunyai kekuatan hukum tetap               Nihil            Nihil             Nihil             Nihil
    Settled with legally-binding decision                          None             None              None              None
    Dalam proses penyelesaian                                      Nihil            Nihil             Nihil             Nihil
    Ongoing                                                        None             None              None              None

    Jumlah                                                         Nihil            Nihil             Nihil             Nihil
    Total                                                          None             None              None              None



   Dengan demikian, berdasarkan informasi yang disajikan pada         Hence, from the table, there were no ongoing legal cases
   tabel, tidak ada permasalahan hukum yang dihadapi Perseroan,       involving the Company or those that have finished in 2024 to
   maupun yang telah selesai pada tahun 2024 yang dapat               be reported in this Integrated Report.
   diungkapkan dalam Laporan Terintegrasi ini.

   SANKSI ADMINISTRASI                                                ADMINISTRATIVE SANCTIONS

   Terdapat 4 (empat) sanksi administratif yang dijatuhkan            There were 4 (four) administrative sanctions imposed on the
   terhadap Perseroan. Tidak terdapat sanksi yang dijatuhkan          Company. There were no sanctions imposed on the Board of
   kepada Direksi maupun Dewan Komisaris.                             Directors nor the Board of Commissioners.

   PERKARA PENTING DI LUAR ASPEK HUKUM                                IMPORTANT MATTERS OUTSIDE
                                                                      THE LEGAL ASPECTS

   Sepanjang tahun 2024, Perseroan tidak mendapatkan adanya           Throughout 2024, the Company did not receive any important
   perkara penting di luar aspek hukum yang melibatkan Perseroan      cases outside the legal aspects involving the Company or the
   maupun Dewan Komisaris dan Direksi.                                Board of Commissioners and the Board of Directors.




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                                                                                                                        Tata Kelola Perusahaan
                                                                                                                         Corporate Governance




                            Akses Informasi dan Data Perusahaan
                                                 Access to Information and Company Data


    Perseroan memiliki Pedoman Tata Kelola Perusahaan (PTKP)                The Company has Corporate Governance Guidelines (PTKP)
    yang mengatur Kebijakan Komunikasi Keluar Perseroan.                    governing the Company's Exit Communication Policy. This policy
    Kebijakan ini mencakup antara lain ketentuan yang mengatur              includes, among other things, the roles and responsibilities of
    peran dan tanggung jawab beberapa organ Perseroan (Komisaris            the Company’s bodies (President Commissioner, President
    Utama, Direktur Utama, Direktur Keuangan, Investor Relation,            Director, Finance Director, Investor Relations, and Corporate
    dan Sekretaris Perusahaan) terkait pengelolaan informasi                Secretary) concerning the Company’s information management.
    Perseroan.

    PKP juga menjelaskan mengenai informasi yang bersifat                   PKP also explains confidential information (material
    rahasia (informasi material). Pengelompokan informasi publik            information). When categorizing public information, the
    mengacu pada informasi minimal (minimum requirement) yang               Company refers to the minimum requirements in any
    dapat diberikan dalam setiap hubungan komunikasi dengan                 communication relationship with shareholders and other
    pemegang saham dan pemangku kepentingan terkait lainnya.                relevant stakeholders. Information or other matters beyond
    Pemberian informasi atau hal lain di luar batasan informasi             the minimum requirement must be approved by the Board
    minimal tersebut, harus mendapatkan persetujuan Direksi dan             of Directors, acknowledged by the Board of Commissioners.
    dengan sepengetahuan Dewan Komisaris.



                                               Saluran Permintaan Informasi Secara Langsung
                                                Direct Communication/Information Request
          Lantai 2 Lobby Selatan Hangar 4 PT Garuda Maintenance Facility Aero Asia Tbk, Area Perkantoran Bandar Udara Soekarno Hatta
                                               Kelurahan Pajang Kecamatan Benda Kota Tangerang

                                                              Telp. 021 5508717
                                             Email: corporatecommunications@gmf-Aero Asia.co.id


                                                         Media Informasi Perseroan
                                                          The Company’s Media Channels

                   Media                                                              Keterangan
                  Channel                                                             Description
     Website GMF                       Pengelolaan website GMF diatur dalam Prosedur Bisnis Komunikasi Perusahaan (PB-13-003) tanggal 10
     GMF Website                       Juli 2015 tentang Website Perusahaan.

                                       Website GMF: www.gmf-Aero Asia.co.id yang dapat diakses oleh publik.
                                       The GMF website is managed based on the Corporate Communication Business Procedure (PB-13-003)
                                       on July 10, 2015, concerning the Company Website.

                                       GMF website: www.gmf-Aero Asia.co.id accessible for the public.
     Laporan                           Perseroan memiliki Laporan Terintegrasi yang disampaikan kepada pemegang saham dan regulator. Informasi
     Report                            ini dapat diakses di website dan dipergunakan dengan semestinya oleh masyarakat dan media massa.
                                       The Company submits Integrated Report to shareholders and regulators. This information can be accessed
                                       at the website and used appropriately by the public and the mass media.
     MyHC Share Point                  Portal informasi terintegrasi yang memuat mengenai employee online services, kebijakan dan prosedur
     MyHC Share Point                  bisnis, pelatihan, hingga prosedur dan manual kerja.
                                       A integrated information portal that contains about online employee services, business policies and
                                       procedures, training, and work procedures and manuals.
     Buletin Penity                    Penity merupakan buletin bulanan untuk internal yang diterbitkan oleh unit Quality Assurance & Safety
     Penity Bulletin                   yang secara khusus membahas masalah safety dalam industri penerbangan.
                                       Penity is a monthly internal bulletin issued by the Quality Assurance & Safety unit, specifically addressing
                                       safety issues in the aviation industry.




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   KETERBUKAAN INFORMASI PASAR                                              INFORMATION TRANSPARENCY ON
   MODAL DAN RILIS BERITA                                                   CAPITAL MARKET AND PRESS RELEASE\

   Pada tahun 2024, terdapat 56 (lima puluh enam) surat yang                In 2024, there were 56 (fifty six) letters reported to the IDX
   dilaporkan ke Bursa dan OJK mengenai berbagai hal yang terkait           and OJK concerning capital market activities. The Company
   aktivitas pasar modal. Perseroan juga telah merilis 9 (sembilan)         also issued 9 (nine) news releases to the media concerning
   berita ke berbagai media terkait dengan informasi bisnis GMF             business information and other matters. Information on releases
   dan hal-hal penting lainnya. Informasi terkait rilis dapat dilihat       is available in the discussion concerning Corporate Secretary
   di pembahasan mengenai Sekretaris Perusahaan dalam Laporan               in this Integrated Report.
   Tahunan Terintegrasi ini.

   KEGIATAN PUBLIKASI INFORMASI LAINNYA                                     OTHER ACTIVITIES OF INFORMATION
                                                                            DISCLOSURE

   Seiring dengan situasi yang telah berjalan normal di 2024,               As the situation has become normal in 2024, the Company has
   Perseroan telah melakukan sejumlah kegiatan publikasi                    organized several activities. In particular, the events in 2024
   informasi. Secara khusus, kegiatan publikasi tahun 2024                  were focused to establish a relationship with a new customer
   dikhususkan untuk memperluas relasi dengan basis pelanggan               base from new business segments that GMF has just launched to
   baru dari segmen bisnis baru yang diluncurkan GMF untuk                  face business challenges. The activities include public exposure,
   menghadapi tantangan bisnis. Kegiatan publikasi tersebut                 investor relations, and customer gathering as follows.
   mencakup public expose, investor relation, customer gathering
   sebagai berikut.


                                                         Aktivitas Publikasi Informasi
                                                          Information Disclosures Events

            Tanggal                 Nama Aktivitas                                    Deskripsi                                 Peserta
             Date                      Event                                         Explanation                              Participants
    3 Maret 2024              Kunjungan Sesko TNI AU          Sesko TNI eksplorasi peran dan kontribusi GMF sebagai industri 100 orang
    March 3, 2024             Visit from Sesko TNI AU (Air    pertahanan terhadap kemandirian perawatan alutsista di 100 people
                              Force)                          Indonesia.
                                                              Sesko TNI explored GMF’s role and contribution as a defense
                                                              industry player in supporting Indonesia’s self-reliance in military
                                                              equipment maintenance (alutsista).
    6 Juni 2024               Kunjungan Royal Thai Air        Ekplorasi dalam rangka membangun hubungan relasi dan 15 orang
    June 6, 2024              Force                           potensi peluang kerjasama baru dengan GMF.             15 people
                              Visit from the Royal Thai Air   Exploration to build relationships and new cooperation
                              Force                           opportunities with GMF.
    28 Juni 2024              RUPST dan RUPSLB                Ajang komunikasi GMF dengan para pemegang saham. Agenda 70 orang
    June 28, 2024             AGMS and EGMS                   yang dipaparkan di antaranya mencakup pengangkatan Direksi 70 people
                                                              baru, perubahan Anggaran Dasar, dan pembagian dividen.
                                                              GMF's communication event with shareholders. The agenda
                                                              includes the appointment of new Directors, changes to the
                                                              Articles of Association, and dividend distribution.
    8 Agustus 2024            Kunjungan Kerja Potensi         Memperdalam kerjasama serta identifikasi peluang IDKLO 30 orang
    Augut 8, 2024             Pertahanan Kementrian           untuk PT GMF.                                             30 people
                              Pertahanan RI                   Deepening cooperation and identifying IDKLO opportunities
                              Working Visit on Defense        for PT GMF.
                              Potential by the Indonesian
                              Ministry of Defense
    17-21 September 2024      Bali International Show         GMF menjalin kerja sama strategis dengan berbagai mitra 30 orang
    September 17-21, 2024                                     bisnis, baik dari dalam negeri maupun internasional, untuk 30 people
                                                              memperluas layanan dan memperkuat kompetensi di bidang
                                                              Maintenance, Repair, and Overhaul (MRO).
                                                              GMF establishes strategic cooperation with various business
                                                              partners, both domestic and international, to expand services
                                                              and strengthen competence in the field of Maintenance, Repair,
                                                              and Overhaul (MRO).




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                                                     Aktivitas Publikasi Informasi
                                                      Information Disclosures Events

              Tanggal             Nama Aktivitas                                   Deskripsi                                     Peserta
               Date                  Event                                        Explanation                                  Participants
     24-26 September 2024    MRO Asia Pacific             GMF aktif membangun jejaring dengan berbagai pemain utama 20 orang
     September 24-26, 2024                                industri aviasi global, serta mengeksplorasi peluang kolaborasi 20 people
                                                          strategis yang dapat mendukung pertumbuhan bisnisnya.
                                                          GMF is actively building networks with major players in
                                                          the global aviation industry, as well as exploring strategic
                                                          collaboration opportunities that can support its business
                                                          growth.
     28 Oktober 2024         RUPSLB                       Ajang komunikasi GMF dengan para pemegang saham. Agenda 70 orang
     October 28, 2024        EGMS                         ini bertujuan untuk persetujuan pemegang saham terkait 70 people
                                                          rencana penambahan modal melalui mekanisme Penambahan
                                                          Modal Dengan Memberikan Hak Memesan Efek Terlebih
                                                          Dahulu (PMHMETD - Right Issue).
                                                          GMF's communication event with shareholders. This agenda
                                                          aims to obtain shareholder approval regarding the plan to
                                                          increase capital through the Capital Increase by Providing
                                                          Pre-emptive Rights (PMHMETD - Right Issue) mechanism.
     20 November 2024        Partisipasi GMF dalam        GMF berpartisipasi dalam penyambutan pesawat baru Pelita 50 orang
     November 20, 2024       Seremoni Pesawat Baru        Air jenis A320-200 yang ke 11. GMF dalam hal ini berperan 50 people
                             Pelita Air                   dalam memastikan pesawat tersebut dalam kondisi prima
                             GMF’s Participation in the   dan siap digunakan untuk mendukung layanan penerbangan
                             Ceremony of New Pelita Air   Pelita Air.
                             Aircraft                     GMF participated in welcoming Pelita Air's 11th A320-200
                                                          aircraft. In this case, GMF plays a role in ensuring that the
                                                          aircraft is in prime condition and ready to be used to support
                                                          Pelita Air's flight services.




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   Kode Etik [ESG G-07]
   Code of Conduct [ESG G-07]


   Kode Etik berlaku untuk seluruh insan GMF dari seluruh level         The Code of Conduct shall be followed by all personnel of GMF
   organisasi, tanpa terkecuali.                                        from all levels within the organizational structure, without
                                                                        exception.

   Pedoman Perilaku (Code of Conduct/COC) menjadi salah satu            The Code of Conduct (COC) becomes a method for the Company
   upaya Perseroan dalam menegakan prinsip-prinsip tata kelola          to uphold the principles of governance for all employees. The
   bagi seluruh insan GMF. Pedoman Perilaku telah disosialisasikan      Code of Conduct has been distributed to all organizational
   ke seluruh tingkatan di dalam Perseroan dan tertulis dalam           levels and become part of the recruitment contract that all
   kontrak kerja perekrutan karyawan yang harus dipahami dan            employees must understand and signed. All employees are
   ditandatangani oleh seluruh karyawan. Seluruh karyawan               expected to behave according to the Company's core values and
   diharapkan dapat berperilaku sesuai nilai-nilai Perseroan dan        follow the code of conduct in their daily activities. The Company
   menerapkan kode etik dalam kegiatan sehari-hari. Perseroan           also organizes periodic events to remind and emphasize the
   secara berkala mengadakan acara untuk mengingatkan dan               application of a code of conduct among employees.
   menekankan penerapan kode etik bagi para pegawai.

   PENGESAHAN PEDOMAN                                                   CODE OF CONDUCT RATIFICATION
   ETIKA PERUSAHAAN


                     Pedoman Etika Perusahaan telah diunggah di website resmi GMF dan dapat diakses oleh publik
                    The Code of Conduct has been uploaded to the official website of GMF and accessible for the public



                                                                CLICK HERE




   Pedoman Etika Perusahaan ditetapkan melalui Keputusan                The Code of Conduct was validated August 20, 2024, with
   Direktur Utama tanggal 20 Agustus 2024 No. GMF/DT-                   the issuance of the President Director Decree No. GMF/DT-
   2134/2024 tentang Pemberlakukan dan Penerapan Pedoman                2134/24 concerning Enforcement and Implementation of Code
   Perilaku (Code of Conduct). COC telah diperbaharui dan               of Conduct. COC has been updated and ratified by the Board
   disahkan oleh Direksi dan Dewan Komisaris pada tanggal               of Directors and the Board of Commissioners on September
   6 September 2024. Pelaksanaan etika perusahaan yang                  6, 2024. Continuous implementation of corporate conduct is
   berkesinambungan diharapkan dapat:                                   expected to:
   1. Menjadi landasan bagi seluruh insan GMF dalam mengatur            1. As the foundation for all personnel in regulating and shaping
       dan membentuk tingkah laku yang bersahaja baik di dalam              modest behavior both inside and outside the Company.
       maupun di luar Perseroan.
   2. Menciptakan suasana kerja yang sehat dan nyaman dalam             2. Create a healthy and comfortable work atmosphere in the
       lingkungan Perseroan.                                               Company's environment.
   3. Menjadi acuan perilaku bagi insan GMF untuk melaksanakan          3. Become a reference for employees to carry out their duties
       tugas dan tanggung jawab masing masing dan berinteraksi             and responsibilities and interact with stakeholders.
       dengan pemangku kepentingan.
   4. Sebagai pedoman yang mengatur, mengawasi sekaligus                4. As a guideline that regulates, supervises, and prevents abuse
       mencegah penyalahgunaan wewenang dan jabatan setiap                 of authority and position of each employee.
       insan GMF.
   5. Sebagai acuan bagi seluruh insan GMF dalam proses                 5. As a reference for all GMF personnel in the decision-making
       pengambilan keputusan.                                              process.




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    POKOK-POKOK ISI KODE ETIK                                        OUTLINE OF CODE OF CONDUCT

    Secara umum muatan Kode Etik yang dimiliki GMF memuat            In general, the Code of Conduct of GMF contains the following
    pokok-pokok isi sebagai berikut:                                 main points:

    1. Komitmen Dewan Komisaris dan Direksi                          1. Commitment of the Board of Commissiones and Board
                                                                        of Directors
    2. Nilai-nilai Inti GMF (Core Values)                            2. GMF Core Values
    3. Etika Bisnis                                                  3. Business Ethics
       a. Kepatuhan terhadap peraturan perundangan                      a. Compliance with laws and regulations
       b. Penerimaan hadiah, suap dan gratifikasi                       b. Acceptance of gifts, bribes, and gratifications
       c. Kepedulian terhadap kesehatan, keselamatan dan                c. Concern for health, safety and the work environment
           lingkungan kerja
       d. Komitmen Perusahaan kepada Stakeholders                       d. Company Commitments to Stakeholders
    4. Etika Kerja                                                   4. Work Ethics
       a. Komitmen Insan GMF di dalam dan di luar Perseroan             a. Commitments of GMF employees inside and outside
                                                                           the Company
        b. Komitmen sebagai Atasan                                      b. Commitment as a Superior
        c. Komitmen sebagai Bawahan                                     c. Commitment as a Subordinate
        d. Komitmen terhadap Implementasi Safety & Quality Policy       d. Commitment to implement Safety & Quality Policy
        e. Komitmen terhadap Kerahasiaan Data dan Informasi             e. Commitment to the Secrecy of Company's Data and
           Perseroan                                                       Information
        f. Komitmen terhadap Perlindungan Hak Atas Kekayaan             f. Commitment on the Protection of Rights on Intellectual
           Intelektual dan Intangible Assets                               Property and Intangible Assets
        g. Komitmen terhadap Aset Perseroan                             g. Commitment to Company assets
        h. Menjaga Rahasia Perseroan dan Perilaku Insiders              h. Commitment on Company Secrets and Insiders Behaviour
        i. Komitmen terhadap Benturan Kepentingan                       i. Commitment to conflicts of interest
        j. Komitmen terhadap Kegiatan Politik                           j. Commitment to political activities
        k. Perilaku Asusila, Narkoba, Obat Terlarang, Perjudian         k. Immoral behavior, drugs, illegal drugs, gambling and
           dan Merokok                                                     smoking
        l. Komitmen terhadap Keberagaman                                l. Commitment to Diversity
        m. Komitmen terhadap Corporate Social Responsibility            m. Commitment to Corporate Social Responsibility
        n. Penggunaan Media Sosial                                      n. Social Media Use
        o. Penerapan dan Penegaka                                       o. Implementation and Enforcement

    SOSIALISASI PEDOMAN                                              SOCIALIZATION OF CODE OF CONDUCT
    ETIKA DAN PERILAKU

    Sosialisasi COC pada tahun 2024 merupakan upaya                  The COC socialization in 2024 was an ongoing effort that is
    berkelanjutan yang relatif sama dengan upaya sosialisasi di      relatively the same as the socialization efforts in previous years.
    tahun-tahun sebelumnya. Perseroan menilai bahwa upaya ini        The Company believes that it needs to be continued since it
    patut untuk dilanjutkan karena dinilai efektif untuk menegakan   effectively enforced ethical and behavioral attitudes to all
    pedoman etika dan perilaku yang berlaku bagi seluruh karyawan.   employees.

    Upaya sosialisasi melibatkan segenap karyawan di seluruh         Socialization involves all employees at all organizational levels at
    jenjang organisasi di Kantor Pusat dan Kantor Perwakilan.        the Head Office and Representative Offices. CoC socialization
    Sosialisasi CoC juga dilakukan melalui website korporat yang     is also carried out through the corporate website that internal
    dapat diakses oleh pihak internal maupun eksternal dan           and external parties can access.
    juga dilakukan melalui pelatihan karyawan baru dan pejabat
    struktural serta media internal GMF lainnya.


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   Selain itu, sosialisasi CoC juga disosialisasikan kepada Pemasok    Socialization was also carried out through training of new
   dan Pelanggan, melalui acara gathering dan dimuat dalam             employees and structural officers, and other internal GMF
   website Perseroan serta media portal internal Perseroan.            media.

   PENANDATANGANAN PAKTA INTEGRITAS                                    SIGNING OF THE INTEGRITY PACT

   Perseroan mewajibkan setiap karyawan dan manajemen untuk            The Company requires employees and the management to
   menandatangani Pakta Integritas mengenai kepatuhan terhadap         sign an Integrity Pact in compliance with the Code of Ethics
   Kode Etik dan Perilaku. Seluruh anggota Direksi juga diwajibkan     and Conduct. All members of the Board of Directors are also
   untuk menandatangani Pakta Integritas Tahunan sebagai bukti         required to sign the Annual Integrity Pact as evidence that the
   bahwa Direksi tidak terlibat dalam perbuatan-perbuatan              Board of Directors is not involved in any action or relationship
   ataupun hubungan yang berpotensi menimbulkan benturan               that can create conflicts of interest and always comply with the
   kepentingan dan senantiasa mematuhi COC. Seluruh anggota            COC. All serving members of the Board of Directors in 2024
   Direksi yang menjabat pada tahun 2024 telah menandatangani          have signed the integrity pact.
   pakta integritas dimana masing-masing pakta integritas tersebut
   ditandangani dengan rincian sebagai berikut:
   1. Direktur Utama tertanggal 9 Januari 2025;                        1. President Director dated January 9, 2025;
   2. Direktur Keuangan tertanggal 10 Januari 2025;                    2. Director of Finance dated January 10, 2025;
   3. Direktur Human Capital & Corporate Affairs tertanggal            3. Director of Human Capital & Corporate Affairs dated
       10 Januari 2025;                                                   January 10, 2025;
   4. Direktur Line Operation tertanggal 9 Januari 2025;               4. Director of Line Operation dated January 9, 2025;
   5. Direktur Base Operation tertanggal 9 Januari 2025.               5. Director of Base Operation dated January 9, 2025.

   SANKSI PELANGGARAN KODE ETIK                                        SANCTION FOR VIOLATING
                                                                       CODE OF CONDUCT

   Berdasarkan Perjanjian Kerja Bersama PT GMF Aero Asia Tbk,          Based on the Joint Work Agreement with PT GMF Aero Asia
   terdapat sanksi bagi setiap insan GMF yang melanggar kode           Tbk, here is a sanction for all personnel of GMF if they broke a
   etik, yang dikategorikan ke dalam 3 (tiga) jenis sebagai berikut:   code of conduct, which can be categorized into the following
                                                                       3 (three) types:
   1. Sanksi Ringan, berupa Surat Peringatan Tertulis;                 1. Light Sanction, through a Written Warning;
   2. Sanksi Sedang, berupa penurunan Base Salary sebesar              2. Moderate Sanctions, reducing 12% of the Basic Salary for
      5-10% selama 4 (empat) bulan atau pembebasan dari                    4 (four) months or release from structural positions for 6
      Jabatan Struktural selama 6 (enam) bulan;                            (six) months;
   3. Sanksi Berat, berupa Penurunan Base Salary sebesar 10%           3. Severe Sanctions, in reducing 12% of the Basic Salary for
      selama 12 (dua belas) bulan atau pembebasan dari Jabatan             12 (twelve) months or release from structural positions for
      Struktural selama 3 (tiga) tahun atau Pemutusan Hubungan             3 (three) years or termination of employment.
      Kerja (PHK).

   PELANGGARAN KODE ETIK                                               VIOLATION ON CODE OF CONDUCT

   GMF memiliki Fungsi Compliance Officer yang bertugas                GMF has a Compliance Officer Function whose job is to follow
   menindaklanjuti laporan mengenai adanya indikasi pelanggaran        up on reports regarding indications of COC violations. Each
   COC. Setiap laporan akan dikaji dan disampaikan kepada Direksi      report will be reviewed and submitted to the Board of Directors
   yang akan memutuskan sanksi yang berlaku sesuai dengan              who will decide on the applicable sanctions in accordance with
   ketentuan dalam Perjanjian Kerja Bersama (PKB). Sampai              the provisions of the Collective Work Agreement (PKB). As of
   dengan 31 Desember 2024 terdapat pelanggaran terhadap               December 31 2024, there were violations of the COC within
   COC dalam lingkungan GMF, yaitu pelanggaran kategori                GMF, namely light category violations as many as 0, medium
   ringan sebanyak 0, pelanggaran kategori sedang sebanyak             category violations as many as 13, serious category violations as
   13, pelanggaran kategori berat sebanyak 6. Semua pelanggaran        many as 6. All these violations have been subject to appropriate
   tersebut telah dikenakan sanksi sebagaimana mestinya.               sanctions.




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                  Kebijakan Anti Korupsi dan Pengendalian
                                     Gratifikasi [ESG G-07]
                              Anti-Corruption and Gratuities Control [ESG G-07]

                         Pengendalian Gratifikasi telah diunggah di website resmi GMF dan dapat diakses oleh publik
                     The Control of Gratuities has been uploaded to the official website of GMF and accessible for the public



                                                                    CLICK HERE




    GMF berkomitmen untuk melaksanakan berbagai upaya guna                  GMF is committed to implementing various efforts to prevent
    mencegah tindak korupsi, gratifikasi, dan penyelewengan (fraud)         corruption, bribery, and fraud within the company to create a
    di dalam tubuh Perusahaan demi menciptakan praktik tata                 culture of clean corporate governance and compliance with the
    kelola Perusahaan yang bersih dan patuh kepada hukum. Dalam             law. In creating a clean business practice, free from any fraud
    rangka menciptakan praktik bisnis yang bersih dan terhindar             activities according to prevailing regulations in Indonesia, the
    dari segala bentuk kecurangan (fraud) serta memenuhi seluruh            Company owns and has implemented a policy of gratification
    aspek regulasi yang berlaku di Indonesia, Perseroan memiliki            control. The Company constantly reminds all of its personnels
    dan menerapkan kebijakan pengendalian gratifikasi. Himbauan             to refuse gratification and prohibit any corruption act, which all
    kepada seluruh insan Perseroan untuk tidak menerima                     can be found in the President Director’s Decree No. DT/KEP-
    gratifikasi dan melakukan tindakan korupsi tertuang dalam               5002/16 on June 27, 2016, concerning Gratification Control
    Keputusan Direktur Utama No. DT/KEP-5002/16 tanggal 27                  at PT Garuda Maintenance Facility Aero Asia Tbk, which was
    Juni 2016 tentang Pengendalian Gratifikasi di Lingkungan                updated with the President Director’s Decree No. DT/SKEP-
    PT Garuda Maintenance Facility Aero Asia Tbk yang telah                 5017/24 on October 4, 2024, concerning Gratification Control
    dimutakhirkan sesuai dengan Surat Keputusan Direktur                    at PT Garuda Maintenance Facility Aero Asia Tbk.
    Utama No. DT/SKEP-5017/24 tanggal 4 Oktober 2024 tentang
    Pengendalian Gratifikasi di Lingkungan PT Garuda Maintenance
    Facility Aero Asia Tbk.

    Perseroan berkomitmen untuk menciptakan iklim usaha yang                The Company is committed in creating a healthy business
    sehat, menghindari tindakan, perilaku ataupun perbuatan-                climate, evading action or behavior that might cause a conflict
    perbuatan yang dapat menimbulkan konflik kepentingan,                   of interest, corruption, collusion, and nepotism. The Company
    Korupsi, Kolusi dan Nepotisme (KKN). Perseroan selalu                   always puts its interest above any interest, be it personal,
    mengutamakan kepentingan perusahaan di atas kepentingan                 family, group, or class. The Company also pays attention to the
    pribadi, keluarga, kelompok ataupun golongan. Perseroan juga            policy concerning anti-corruption such as Law No. 20 of 2001
    senantiasa memperhatikan kebijakan tentang anti korupsi                 concerning the Amendment on Law No. 31 of 1999 concerning
    seperti yang tertulis dalam Undang-Undang No. 20 Tahun 2001             Eradication of Corruption Act.
    tentang Perubahan atas Undang-Undang No. 31 Tahun 1999
    tentang Pemberantasan Tindak Pidana Korupsi.

    Pengelolaan pelaporan dan tindak lanjut atas korupsi dan                The management and follow-up on the corruption and
    gratifikasi ini dilakukan oleh Compliance Officer, yakni Fungsi         gratification is conducted by the Compliance Officer from Legal
    Legal & Corporate Governance.                                           & Corporate Governance function.

    Sepanjang tahun 2024, terdapat 4 (empat) laporan gratifikasi            Throughout 2024, there were 4 (four) reports of gratification
    yang dilaporkan karyawan diantaranya 2 (dua) laporan                    reported by employees, including 2 (two) report of gratification
    gratifikasi berupa uang dan 2 (dua) laporan gratifikasi berupa          in the form of money and 2 (two) report of gratification in
    barang. Laporan ini meningkat dari 2 (dua) laporan gratifikasi          the form of goods. This report is an increase from 2 (two)
    yang diterima pada tahun 2023.                                          gratification reports received in 2023.




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   KOMUNIKASI DAN PELATIHAN TENTANG                                     COMMUNICATION AND TRAINING
   KEBIJAKAN & PROSEDUR ANTI KORUPSI                                    REGARDING ANTI-CORRUPTION
                                                                        POLICY & PROCEDURE

   Perseroan memiliki kebijakan untuk melarang keterlibatan             The Company has a policy of prohibiting individual involvement,
   individu, atas nama GMF, dalam kegiatan politik, termasuk            on behalf of GMF, in political activities, including making
   memberikan donasi untuk kepentingan politik. Secara tegas,           donations for political purposes. Strictly speaking, the Company
   Perseroan tidak mengizinkan insan GMF menggunakan fasilitas          does not allow GMF personnel to use the Company's facilities
   atau sumber daya milik Perseroan untuk tujuan kampanye               or resources for political campaign purposes, raising political
   politik, penggalangan dana politik maupun untuk tujuan               funds or for political participation purposes. This confirmation
   partisipasi politik. Penegasan ini sesuai dengan yang telah diatur   is in accordance with what is regulated in the Company's Code
   dalam Pedoman Etika dan Perilaku Perseroan.                          of Ethics and Conduct.

   Komitmen Perseroan terhadap pencegahan korupsi dan fraud             The Company's commitment to preventing corruption and
   salah satunya dibuktikan tidak ditemukan insiden korupsi yang        fraud, one of which is evident through the fact that there
   berdampak signifikan terhadap reputasi dan kinerja Perseroan         were no incidents of corruption with significant impact on the
   sepanjang tahun 2024.                                                Company's reputation and performance throughout 2024.




   Informasi Pemberian Dana
   Untuk Kegiatan Politik
   Information on Funding for Political Activities

   Perseroan memiliki kebijakan untuk melarang keterlibatan             The Company has a policy to prohibit individual involvement, on
   individu, atas nama GMF, dalam kegiatan politik, termasuk            behalf of GMF, in political activities, including making donations
   memberikan donasi untuk kepentingan politik. Secara tegas,           for political purposes. Strictly speaking, the Company does
   Perseroan tidak mengizinkan insan GMF menggunakan fasilitas          not allow GMF personnel to use the Company's facilities or
   atau sumber daya milik Perseroan untuk tujuan kampanye               resources for the purpose of political campaigns, political
   politik, penggalangan dana politik maupun untuk tujuan               fundraising or for the purpose of political participation. This
   partisipasi politik. Penegasan ini sesuai dengan yang telah diatur   affirmation is in accordance with what has been regulated in
   dalam Pedoman Etika dan Perilaku Perseroan.                          the Company's Code of Ethics and Conduct.




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                                                                                                            Corporate Governance




                      Laporan Harta Kekayaan Penyelenggara
                                           Negara (LHKPN)
                                                     State Officers’ Asset Reports (LHKPN)

    PRINSIP DASAR                                                   BASIC PRINCIPLES

    Sebagai anak usaha dari BUMN yang dimiliki oleh Negara          As the subsidiary of SOE, owned by the State through the
    melalui Pemerintah Indonesia, Perseroan berkewajiban untuk      Indonesian Government, the Company is obligated to submit the
    menyampaikan Laporan Harta Kekayaan Penyelenggara Negara        State Officer’s Asset Report (LHKPN). The report is submitted
    (LHKPN). Pelaporan dituangkan dalam formulir LHKPN yang         through the LHKPN form regulated by the Commission of
    ditetapkan oleh Komisi Pemberantasan Korupsi (KPK) dalam        Corruption Eradication (KPK) in the Decree of KPK No. KEP 07/
    Keputusan KPK No. KEP 07/KPK/02/2005 tentang Tata Cara          KPK/02/2005 concerning Registration Procedure, Inspection,
    Pendaftaran, Pemeriksaan dan Pengumuman Laporan Harta           and Announcement of the State Officer’s Asset Report, which
    Kekayaan Penyelenggara Negara. Para wajib lapor LHKPN           is accustomed to Law No. 28 of 1999 chapter 2 (7) and its
    disesuaikan dengan Undang-Undang No. 28 Tahun 1999 pasal 2      explanation. The Law states that the strategic officers related
    (7) beserta penjelasannya. Dalam UU tersebut diuraikan bahwa    with state officials including Board of Commissioners, Board of
    pejabat yang memiliki fungsi strategis dalam kaitannya dengan   Directors, and structural officers of SOE or ROE are obligated
    penyelenggara negara termasuk Dewan Komisaris, Direksi,         to submit LHKPN report.
    dan pejabat struktural lainnya pada BUMN dan BUMD adalah
    merupakan wajib lapor LHKPN.

    PELAPORAN LHKPN                                                 LHKPN REPORTING

    Sesuai dengan Peraturan KPK Nomor 7 Tahun 2016, para            In accordance with KPK Regulation No. 7/2016, the Company's
    pejabat wajib lapor Perseroan menyampaikan laporan              mandatory reporting officials submit reports through the
    melalui aplikasi LHKPN secara elektronik untuk selanjutnya      LHKPN application electronically to be published by the KPK.
    dipublikasikan oleh KPK. Pada tahun 2024, seluruh Direksi       In 2024, all GMF Directors have submitted LHKPN reporting.
    GMF telah menyampaikan pelaporan LHKPN. Dengan demikian         Thus the percentage of the Company's LHKPN reporting in
    persentase pelaporan LHKPN Perseroan tahun 2024 adalah          2024 is 100%.
    100%.




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   Kebijakan Pengadaan
   Barang dan Jasa
   Procurement Policy

                 Kebijakan Pengadaan Barang dan Jasa telah diunggah di website resmi GMF dan dapat diakses oleh publik
                   The Procurement Policy has been uploaded to the official website of GMF and accessible for the public



                                                                         CLICK HERE




   Proses pengadaan barang dan jasa Perseroan mengacu pada                         The Company’s goods and services procurement refers to
   kebijakan mengenai Pengadaan Barang dan Jasa sesuai                             the Goods and Services Procurement policy according to the
   Keputusan Direktur Utama melalui KB-01-015 yang disahkan                        President Director’s Decree of KB-01-015, which was validated
   pada tanggal 26 September 2013 sebagai Pedoman Pengadaan                        on September 26, 2013, and treats as a guideline ever since.
   Barang dan Jasa. Revisi terakhir (Edisi D Revisi 0) dilakukan pada              The latest revision (Edition, Revision 0) was on July 12, 2023, as
   tanggal 12 Juli 2023 sebagai upaya penyesuaian perkembangan                     an adjustment to the Company’s organizational development.
   organisasi Perseroan.

   GMF berupaya mewujudkan kegiatan pengadaan yang                                 GMF tries to create an efficient, effective, competitive,
   efisien, efektif, kompetitif, transparan, adil, wajar, terbuka dan              transparent, fair, open, and accountable procurement activity
   akuntabel, dengan melakukan hal-hal sebagai berikut:                            through the followings:
   1. Senantiasa tunduk dan patuh terhadap regulasi internal                       1. Follows and complies with the internal and external
        maupun eksternal;                                                              regulations;
   2. Berpedoman terhadap Budaya Perseroan dan Code of                             2. Use the Corporate Culture and Code of Conduct as
        Conduct;                                                                       guidelines;
   3. Menggunakan sistem teknologi informasi.                                      3. Utilize the information technology system.



   METODE PENGADAAN BARANG DAN JASA                                                PROCUREMENT METHOD
   Pengadaan barang dan jasa yang dilakukan oleh GMF                               The goods and services procurement by GMF is categorized
   dikategorikan ke dalam beberapa metode sebagai berikut:                         into several methods as follows:


    Tender/Seleksi Umum          Dilaksanakan untuk pengadaan barang dan/atau jasa non              Applied for the non-specific goods and/or services procurement
    Tender/General Selection     spesifik dan dilaksanakan bilamana memenuhi kondisi dengan         and if it meets the conditions with a PO/Annual Value contract
                                 nilai PO/Annual Value kontrak di atas USD2.000.000,00 (dua         above USD2,000,000.00 (two million United States dollars) or
                                 juta dollar Amerika Serikat) atau setara dengan nilai tukar mata   equivalent to the exchange rate of other currencies at the time
                                 uang lain pada saat transaksi.                                     of the transaction.




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     Penunjukan Langsung                         Penunjukan langsung adalah pengadaan yang dilaksanakan            A direct appointment is a procurement carried out by directly
     Direct Appointment                          dengan menunjuk langsung 1 (satu) penyedia barang dan jasa        appointing 1 (one) provider of goods and services or through
                                                 atau penunjukan melalui beauty contest. Metode pengadaan          a beauty contest. This method is carried out if the goods and
                                                 barang dan jasa ini dilakukan dengan ketentuan barang dan jasa    services are in accordance with the business sector of the
                                                 yang dibutuhkan merupakan produk atau layanan sesuai dengan       providers and possible by sectoral regulations.
                                                 bidang usaha dari penyedia barang dan jasa bersangkutan dan
                                                 dimungkinkan dalam peraturan sektoral.

                                                 Penunjukan langsung dilaksanakan bilamana memenuhi salah          A direct appointment is feasible only when one of the conditions
                                                 satu kondisi dibawah ini:                                         below is met:
                                                 • Barang dan jasa yang dibutuhkan bagi kinerja utama              • Goods and services are required to support the company's
                                                      perusahaan dan tidak dapat ditunda keberadaannya                  core performance and cannot be delayed (business-critical
                                                      (business critical asset).                                        assets).
                                                 • Hanya terdapat satu Penyedia barang dan jasa yang dapat         • There is only one provider of goods and services who can
                                                      melaksanakan pekerjaan sesuai kebutuhan pengguna (user            work according to user requirements or according to the
                                                      requirement) atau sesuai dengan ketentuan peraturan               applicable laws and regulations.
                                                      perundangan yang berlaku.
                                                 • Barang dan jasa yang bersifat knowledge intensive dimana        •    Goods and services that are knowledge-intensive require
                                                      untuk menggunakan dan memelihara produk tersebut                  these products to be used and maintained continuously
                                                      membutuhkan kelangsungan pengetahuan dari penyedia                using the providers' knowledge.
                                                      barang dan jasa.
                                                 • Bila pelaksanaan pengadaan barang danjasa dengan                •    If the procurement of goods and services uses the tender/
                                                      menggunakan metode tender/seleksi umum atau tender                general selection method or limited tender/limited
                                                      terbatas/seleksi terbatas telah 2 (dua) kali dilakukan            selection has been carried out 2 (two) times and fail to
                                                      dan tidak mendapatkan Penyedia barang dan jasa yang               obtain the required goods and services or no vendors able
                                                      dibutuhkan atau tidak ada pihak yang memenuhi kriteria            to meet the criteria or no vendors show up to participate
                                                      atau tidak ada pihak yang mengikuti tender/seleksi.               in the selection process.
                                                 • Barang dan jasa yang dimiliki oleh pemegang hak atas
                                                      kekayaan intelektual (HAKI) atau yang memiliki jaminan       •    Goods and services owned by holders of intellectual
                                                      (warranty) dari Original Equipment Manufacture (OEM).             property rights (IPR) or which have a warranty from an
                                                 • Penanganan darurat untuk keamanan, keselamatan                       Original Equipment Manufacture (OEM).
                                                      masyarakat dan aset strategis perusahaan.                    •    Emergency handling for security, community safety and
                                                 • Barang dan jasa merupakan pembelian berulang (repeat                 company’s strategic assets.
                                                      order) sepanjang harga yang ditawarkan menguntungkan         •    Goods and services are categorized as repeat orders for
                                                      dengan tidak mengorbankan kualitas barang dan jasa.               as long as the price is profitable without sacrificing the
                                                 • Penanganan darurat akibat bencana alam, baik yang                    quality of goods and services.
                                                      bersifat lokal maupun nasional (force majeure).
                                                 • Barang dan jasa lanjutan yang secara teknis merupakan           •    Emergency handling due to natural disasters, both local
                                                      satu kesatuan yang sifatnya tidak dapat dipecah-pecah dari        and national (force majeure).
                                                      pekerjaan yang sudah dilaksanakan sebelumnya.                •    Advanced goods and services that considered a unit of one
                                                 • Penyedia barang dan jasa adalah BUMN, Anak perusahaan                entity (insperable) from the previous work.
                                                      atau Perusahaan Terafiliasi BUMN, sepanjang kualitas,
                                                      harga, dan tujuannya dapat dipertanggungjawabkan dan         •    Providers of goods and services are SOE, Subsidiaries,
                                                      barang dan jasa yang dibutuhkan merupakan produk atau             or Affiliated Companies of SOE, as long as the quality,
                                                      layanan sesuai dengan bidang usaha dari Penyedia barang           price, and purpose can be accounted for and the goods and
                                                      dan jasa bersangkutan.                                            services are in line with the provider’s business.
                                                 • Pengadaan barang dan jasa dalam jumlah dan nilai
                                                      tertentu yang ditetapkan Direksi dengan terlebih dahulu
                                                      mendapatkan persetujuan Dewan Komisaris.
                                                 • Konsultan yang tidak direncanakan sebelumnya untuk              •    Procurement of goods and services in a certain amount and
                                                      menghadapi permasalahan tertentu yang sifat pelaksanaan           value as determined by the Board of Directors with prior
                                                      pekerjaannya harus segera dan tidak dapat ditunda.                approval from the Board of Commissioners.
                                                                                                                   •    Consultants who have not planned in advance to face
                                                                                                                        certain problems that the nature of the work must be
                                                                                                                        immediate and cannot be postponed.


     Te n d e r Te r b a t a s / S e l e k s i   •    Tender Terbatas/Seleksi Terbatas adalah pelaksanaan          •    Limited Tender/Limited Selection is the procurement of
     Terbatas                                         peengadaan barang dan jasa yang dilakukan dengan                  goods and services from at least 2 (two) participants.
     Limited Tender/Selection                         menawarkan sekurang-kurangnya 2 (dua) peserta penyedia
                                                      barang dan jasa.
                                                 •    Tender Terbatas/Seleksi Terbatas dilaksanakan bilamana       •    Limited Tender/Limited Selection is carried out if it meets
                                                      memenuhi salah satu kondisi dibawah:                              one of the conditions below:
                                                      1. Pengadaan barang dan jasa umum (barang dan/atau                1. Procurement of general goods and services (non-
                                                          jasa non spesifik) yang nilai PO/Annual Value kontrak              specific goods and/or services) with a PO/Annual
                                                          sampai dengan USD2.000.000,00 (dua juta dollar                     Value up to USD2,000,000.00 (two million United
                                                          Amerika Serikat) atau setara dengan nilai tukar mata               States dollars) or equivalent to the exchange rate
                                                          uang lain pada saat transaksi.                                     of other currencies at the time of the transaction.
                                                      2. Pengadaan barang dan jasa yang termasuk dalam                  2. Procurement of goods and services that fall into a
                                                          kategori barang spesifik.                                          specific category of goods.

     Pengadaan Langsung                          Pembelian terhadap barang yang terdapat di pasar, dengan          Purchase of goods available at the market will make the value
     Direct Purchase                             demikian nilainya berdasarkan harga pasar, termasuk               determined based on the market, including E-Purchasing.
                                                 E-Purchasing.




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                                                    Alur Pengadaan Barang dan Jasa
                                                             Procurement Flow

                                          Evaluasi oleh unit                     Pembentukan
        Tahap Pertama                     pengadaan terkait                     tim pengadaan                     Proses pengadaan
          First Stage                    Evaluation by related                   Establishment                   Procurement process
                                           procurement unit                     of procurement


     • Aircraft Parts                  Pemilihan metode v                  Pemilihan metode                  • Lol
     • Non-Aircraft Parts              Selection of procurement            pengadaan                         • RFP
                                       method                              Selection of procurement          • Proposal submission
                                                                           method                            • Proposal evaluation
                                                                                                             • Due diligence
                                                                                                             • Negotiation
                                                                                                             • Winner
                                                                                                               announcement
                                                                                                             • Agreement signing




   PROGRAM BAGI PEMASOK                                                PROGRAM FOR SUPPLIERS

   Perseroan menjaga hubungan yang harmonis dengan para                The Company maintains a harmonious relationship with
   pemasok melalui penyediaan fasilitas Kawasan Berikat dan            suppliers through Bonded Facility, which will then be changed
   selanjutnya diubah menjadi Pusat Logistik Berikat. Upaya ini        to Bonded Logistics Center. Hopefully, the suppliers will find
   diharapkan memberi kemudahan bagi para pemasok untuk                this facility useful to make them easier in conducting export
   melakukan proses ekspor dan impor.                                  and import.

   Perseroan memiliki program penilaian kinerja dan kepuasan           The Company has a performance and satisfaction assessment
   penyedia barang & jasa yang disusun oleh tim untuk mengetahui       program for goods & services providers that is prepared by a
   tingkat kinerja pemasok yang diadakan secara konsisten              team to determine the level of supplier performance that is
   setiap tahunnya dan mendapatkan kepuasan pemasok selama             held consistently every year and to obtain supplier satisfaction
   melakukan Kerjasama dengan GMF. Program tersebut telah              during the Cooperation with GMF. The program has been
   diatur dan ditetapkan dalam kebijakan Perusahaan.                   regulated and stipulated in the Company's policy.

   Penilaian kinerja dan kepuasan penyedia barang & jasa dilakukan     Performance and satisfaction assessments for goods & services
   terhadap penyedia yang sudah masuk kategori penilaian               providers are carried out on providers that have entered
   perusahaan baik yang memiliki kontrak kerja sama maupun             the company's assessment category, both those who have
   transaksi retail. Harapannya yaitu guna mengevaluasi kinerja        cooperation contracts and retail transactions. The hope is to
   pemasok, mengidentifikasi area yang perlu ditingkatkan, dan         evaluate supplier performance, identify areas that need to be
   membangun hubungan yang lebih kuat dengan pemasok, yang             improved, and build stronger relationships with suppliers, which
   pada akhirnya dapat meningkatkan kualitas produk dan layanan        can ultimately improve the quality of products and services

   AUDIT PENGADAAN BARANG DAN JASA                                     PROCUREMENT AUDIT

   GMF juga memiliki audit tahunan terkait pengadaan barang            GMF also has an annual audit related to the procurement of
   dan jasa yang telah dilakukan pada tahun 2024 yaitu Audit           goods and services that has been carried out in 2024, namely the
   Pengadaan Barang dan Jasa Umum. Hasil dari audit tersebut           General Goods and Services Procurement Audit. The result of
   adalah pelaksanaan pengadaan barang dan jasa secara                 the audit is the general implementation of procurement of goods
   umum telah sesuai dengan prosedur, namun beberapa hal               and services has generally been in accordance with procedures,
   perlu dilakukan perbaikan diantaranya penyimpanan dan               however, several things need to be improved, including the
   distribusi dokumen pengadaan kepada tim pengelola dokumen           storage and distribution of procurement documents to the
   perusahaan serta pembuatan form SPK (Surat Perintah Kerja)          company's document management team and the creation of
   yang lebih jelas dan terpisah dari surat pengumuman pengadaan.      a clearer SPK (Work Order) form that is separate from the
                                                                       procurement announcement letter.




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                   Whistleblowing System [2-16, 2-25, 2-26]
                                                 Whistleblowing System [2-16, 2-25, 2-26]


    KEBIJAKAN                                                             POLICY

                    Kebijakan Whistleblowing System telah diunggah di website resmi GMF dan dapat diakses oleh publik
                   The Whistleblowing System has been uploaded to the official website of GMF and accessible for the public



                                                                  CLICK HERE




    Sebagai upaya mendorong pendeteksian secara dini atas setiap          To encourage early detection of fraud, GMF owns a policy
    tindakan penyimpangan, GMF telah memiliki kebijakan yang              regulating the Whistleblowing System (WBS). The WBS
    mengatur tentang Whistleblowing System (WBS). Pengelolaan             management refers to the Business Policy KB-01-017
    WBS Perseroan mengacu pada Kebijakan Bisnis KB-01-017                 concerning the Whistleblowing Policy and the PB-13-010
    Kebijakan Pengelolaan Sistem Pelaporan Pelanggaran yang               Business Procedure concerning Whistleblowing System, which
    disahkan pada tanggal 6 Agustus 2020 dan Prosedur Bisnis PB-          all were validated on August 6, 2020. As part of building the
    13-010 Pengelolaan Sistem Pelanggaran yang disahkan pada              Fraud Control System (FCS), the preparation of WBS policies
    tanggal 6 Agustus 2020. Sebagai bagian dalam membangun                has the objectives of:
    Fraud Control System (FCS), penyusunan kebijakan WBS
    memiliki tujuan:
    1. Sebagai wadah dan panduan untuk penerimaan pelaporan               1. As a forum and guide for receiving reports on various alleged
        dari berbagai dugaan pelanggaran hukum dan peraturan                 violations of the Company’s laws and regulations, conflicts
        Perseroan, benturan kepentingan, kecurangan, korupsi, suap           of interest, fraud, corruption, bribery and theft that occur
        serta pencurian yang terjadi di lingkungan kerja Perseroan;          in the Company’s work environment;
    2. Membangun sistem penanganan pengaduan yang tanggap,                2. Building a complaint handling system that is responsive,
        transparan, aman dan bertanggung jawab;                              transparent, safe and responsible;
    3. Memberi pemahaman yang sama tentang fungsi, peran                  3. Providing the same understanding of the functions, roles and
        dan proses-proses Sistem Pelaporan Pelanggaran serta                 processes of the Violation Reporting System and ensuring
        menjamin kesinambungan sistem manajemen meskipun                     the sustainability of the management system despite
        terjadi perubahan organisasi dan rotasi sumber daya                  changes in organization and rotation of human resources
        manusia dengan menciptakan budaya GCG;                               by creating a culture of Good Corporate Governance;
    4. Menyediakan cara penyampaian yang efektif untuk                    4. Providing an effective way to deliver important and critical
        informasi penting dan kritis bagi Perseroan kepada pihak             information for the Company to those who must handle
        yang harus segera menanganinya secara aman;                          it safely;
    5. Menciptakan keengganan untuk melakukan pelanggaran,                5. Creating reluctance to commit violations, with increasing
        dengan semakin meningkatnya kesediaan untuk melaporkan               willingness to report violations, and trust in an effective
        terjadinya pelanggaran, dan kepercayaan terhadap Sistem              Violation Reporting System;
        Pelaporan Pelanggaran yang efektif;
    6. Menyediakan mekanisme deteksi dini (early warning                  6. Provide an early detection mechanism (early warning
        system) atas kemungkinan terjadinya suatu pelanggaran;               system) of the possibility of a violation;
    7. Menyediakan kesempatan untuk menangani masalah                     7. Providing an opportunity to handle the problem of violations
        pelanggaran secara internal terlebih dahulu, sebelum                 internally first, before expanding into problems of violations
        meluas menjadi masalah pelanggaran yang bersifat publik              that are public and involve the authorities;
        dan melibatkan aparat yang berwenang;                             8. Reducing the risks faced by the Company, as a result of
    8. Mengurangi risiko yang dihadapi Perseroan, akibat dari                violations in terms of financial, operational, legal, work
        pelanggaran baik dari segi keuangan, operasi, hukum,                 safety, and reputation;
        keselamatan kerja, dan reputasi;
    9. Mengurangi biaya dalam menangani suatu perkara akibat              9. Reducing costs in handling a case due to violations;
        dari terjadinya pelanggaran;




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   10. Meningkatnya reputasi Perseroan di mata pemangku             10. Increasing the Company’s reputation in the eyes of
       kepentingan (stakeholders), regulator, dan masyarakat            stakeholders, regulators and the general public;
       umum;
   11. Memberikan masukan kepada Perseroan untuk melihat            11. Provide input to the Company to look further at critical
       lebih jauh area kritikal dan proses kerja yang memiliki          areas and work processes that have internal control
       kelemahan pengendalian internal, serta untuk merancang           weaknesses, as well as to design the necessary corrective
       tindakan perbaikan yang diperlukan.                              actions.

   RUANG LINGKUP                                                    COVERAGE

   Lingkup kebijakan WBS yang berlaku di GMF mencakup               The scope of WBS policies at GMF includes violations of the
   pelanggaran terhadap kebijakan internal Perseroan terkait GCG    Company's internal policies concerning GCG and COC. In
   dan COC. Selain itu lingkup kebijakan juga mencakup perbuatan    addition, the policy also includes actions that might endanger
   yang membahayakan keselamatan penerbangan, keamanan              aviation safety, occupational safety and health or the security of
   dan kesehatan kerja atau keamanan Perseroan, pelanggaran         the Company, violations of SOPs that may harm the Company's
   terhadap SOP yang berpotensi merugikan keuangan Perseroan        finances or the corporate image. In general, the WBS policy
   maupun yang dapat menimbulkan efek negatif terhadap citra        includes violations of corruption, fraud, dishonesty, or those
   korporat. Lingkup kebijakan WBS secara umum meliputi             injuring the applicable laws and regulations.
   pelaporan terhadap perbuatan pelanggaran seperti korupsi,
   kecurangan, ketidakjujuran, perbuatan melanggar hukum dan
   peraturan perundangan yang berlaku.

   Kebijakan WBS mengatur peran dan tanggung jawab semua            The WBS policy regulates the roles and responsibilities of all
   pihak yang terkait, jenis pelanggaran yang bisa dilaporkan,      related parties, types of violations, protection of whistleblowers,
   ketentuan perlindungan pelapor pelanggaran, penerimaan           reports, follow-up, and gratification management.
   laporan pelanggaran, tindak lanjut laporan pelanggaran dan
   penerimaan serta pengelolaan gratifikasi.

   SOSIALISASI WBS                                                  WBS SOCIALIZATION

   Sosialisasi WBS telah dilakukan melalui pertemuan tatap muka     WBS was socialized through periodic face-to-face meetings
   yang dilakukan secara periodik sejak tahun 2018. Sosialisasi     since 2018. All personnel attended the socialization, including
   dihadiri oleh seluruh insan GMF termasuk Dewan Komisaris,        the Board of Commissioners, Board of Directors, and structural
   Direksi, dan pejabat struktural. Perseroan juga menyebarkan      officers. The Company also distributes pamphlets and published
   pamphlet dan informasi yang dimuat dalam artikel GMF News,       information through GMF News article and Monthly Bulletin to
   Buletin Bulanan yang dibagikan kepada seluruh pegawai. Pada      all employees. Information about WBS is also available at the
   website Perseroan juga terdapat informasi mengenai WBS           website www.gmf-Aero Asia.co.id at the corporate governance
   di www.gmf-Aero Asia.co.id bagian corporate governance           section (whistleblowing system).
   (whistleblowing system).

   Sosialisasi WBS akan terus dilakukan secara berkelanjutan dan    WBS will be socialized continuously and gradually to all
   bertahap kepada seluruh pemangku kepentingan dalam rangka        stakeholders to increase the effectiveness of its implementation.
   meningkatkan efektivitas pelaksanaan WBS.

   Pada tahun 2024, WBS disosialisasikan dengan cara                In 2024, the WBS was socialized through various methods,
   penyampaian materi WBS pada Orientation Training/pelatihan       including delivering WBS materials during Orientation Training/
   internal, himbauan serta penyebaran media digital (infografis    internal training sessions, reminders and dissemination of WBS
   & poster) WBS melalui email blast kepada seluruh karyawan        digital media (infographics & posters) via email blasts to all
   GMF secara berkala, pembuatan video WBS yang diunggah            GMF employees on a regular basis, the creation of a WBS video
   pada social media GMF, pemutaran video WBS pada area kerja       uploaded on GMF’s social media platforms, video screenings in
   GMF, sosialisasi dalam sesi khusus bersama dinas-dinas di GMF,   GMF work areas, dedicated socialization sessions with various
   pemanfaatan platform internal berupa Whatsapp dan Teams,         departments within GMF, the use of internal communication
   penyediaan dokumen resmi terkait WBS yang dapat diakses          platforms such as WhatsApp and Teams, and the provision of
   karyawan melalui SharePoint ataupun situs Perseroan.             official WBS-related documents accessible to employees via
                                                                    SharePoint or the Company’s website.




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                                                                                                                                                                                                        Corporate Governance




    PIHAK PENGELOLA PENGADUAN                                                                                              COMPLAINTS MANAGER

    GMF telah menunjuk pihak eksternal yaitu PT Integrity                                                                  GMF has appointed an external party, PT Integrity Indonesia,
    Indonesia sebagai pihak independen yang mengelola                                                                      as an independent party that manages reports of violations
    laporan pelanggaran di lingkungan GMF. Pengelola laporan                                                               within GMF. The report manager analyses the report to gather
    menganalisis laporan untuk mengumpulkan bukti dan informasi                                                            evidence and information before submitting it to GMF internal
    sebelum kemudian disampaikan kepada internal GMF untuk                                                                 for follow-up.
    ditindaklanjuti.

    PENYAMPAIAN LAPORAN                                                                                                    REPORT SUBMISSION

    Seluruh insan GMF wajib melaporkan setiap dugaan tindakan                                                              All personnel must report every allegation of fraud at the
    penyimpangan yang terjadi di lingkungan Perseroan. Pelapor                                                             Company. The whistleblower may report any violation through
    dapat melaporkan pelanggaran yang terjadi melalui jalur sebagai                                                        the following channels:
    berikut:
    1. Atasan pelapor masing-masing                                                                                        1. Their own superior
    2. Fungsi Compliance Officer                                                                                           2. Through Compliance Officer
        Fungsi Compliance Officer adalah pegawai yang ditunjuk                                                                The Compliance Officer is appointed by the Company
        oleh Perseroan yang berasal dari unit dua tingkat di bawah                                                            who came from the units two levels under the Board of
        Direksi yang membidangi Legal & Corporate Governance.                                                                 Directors regarding Legal & Corporate Governance. The
        Fungsi Compliance Officer yang bertanggungjawab atas                                                                  Compliance Officer is responsible for the Company’s
        program kepatuhan Perseroan dan memastikan bahwa                                                                      compliance program and ensures all personnel follows
        seluruh Insan GMF mematuhi peraturan dan ketentuan                                                                    the rules, regulations, and other policies, including the Code
        baik peraturan perundang-undangan, peraturan, ketentuan                                                               of Conduct.
        dan kebijakan lain yang berlaku di Perseroan termasuk juga
        Pedoman Perilaku (Code of Conduct).
    3. Whistleblowing System dengan alamat website http://                                                                 3. Whistleblowing System with website address http://
        www.gmf-whistleblower.com dan email gmf-Aero Asia@                                                                    www.gmf-whistleblower.com and email gmf-Aero Asia@
        whistleblowing.link                                                                                                   whistleblowing.link

                                                                            Alur Whistleblowing System GMF
                                                                                        Whistleblowing Flow at GMF



                                             Mulai
                                             Start




                                     Pengaduan oleh Pelapor
                              Violation reports by Reporting Person




                                Pengumpulan Data dan Analisis
                                 Laporan oleh Fungsi Pelaporan
                                           Pelanggaran
                               Collecting and analyzing data by the
                                  Function of Violation Reports



                                   Apakah pelaku adalah Dewan                                                                                      Tidak
                                                                           Apakah Pelaku adalah Direksi?             Apakah pelaku adalah      No                    Penerima Laporan
                                            Komisaris?
                                                                             Is the Board of Directors a         pegawai Corporate Secretary/                 The Recipient of Violation Reports
                             Is the Board of Commissioner a reported
                                                                                  reported person?                     Fungsi Investigasi/
                                              person?                Tidak                               Tidak
                                                                      No                                  No
                                                                                                                       Compliance Officer                                               Tidak
                                                                                                                      Is reported person an                                              No
                                                                                                                  employee/staff/investigation
                                                                                                                  function/Compliance Officer?                       Perlu Investigasi?
                                                                                                                                                                   Investigation Needed?
                                                     Ya                          Ya                                  Ya
                                                     Yes                         Yes                                 Yes                                                                Ya
                                                                                                                                                                                        Yes


                                                                           Pelapor Awal Kepada Dewan                                                            Penunjukan Tim Investigasi
                                Pelapor Awal Kepada Pemegang
                                                                                    Komisaris                    Pelapor Awal kepada Direksi                   Designation Investigation Team
                                             Saham
                                                                            Reporting the Investigation           Reporting the Investigation
                                Reporting the Investigation Result
                                                                              Result to the Board of             Result to the Board of Director
                                          Shareholders
                                                                                 Commissioners

                                                                                                                                                                        Investigasi?
                                                                                                                                                                       Investigation?




                                                                                                                                                                Pelaporan Hasil Investigasi
                                                                                                                                                              Reporting the Investigation Result




                                                                                                                                                           Tindak Lanjut Penetapan Status Hukum
                                                                                                                                                                   Following Up Penalties




                                                                                                                                                                           Selesai
                                                                                                                                                                            Finish




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   PERLINDUNGAN WHISTLEBLOWER                                            PROTECTION FOR WHISTLEBLOWER
   Seluruh pemangku kepentingan Perseroan dapat melaporkan               All stakeholders can report the violations. All personnel, from
   pelanggaran. Seluruh insan Perseroan mulai dari Dewan                 the Board of Commissioners, Board of Directors, and employees,
   Komisaris, Direksi, hingga karyawan dapat dilaporkan jika             can be reported if proven guilty.
   terbukti bersalah.

   Perseroan akan melindungi setiap pelapor dari segala macan            The Company will protect the whistleblower from all kinds of
   tekanan, ancaman, dan tindakan pembalasan lainnya. Perseroan          pressure, threats, and other retaliations. The Company will
   juga akan melindungi pelapor dari perlakuan yang merugikan            also protect the whistleblowers from adverse treatment such
   seperti pemecatan yang tidak wajar, penurunan jabatan atau            as improper dismissal, demotion, harassment, or discrimination
   pangkat, pelecehan atau diskriminasi dalam segala bentuknya,          in all its forms and records detrimental to the Personal File.
   dan catatan yang merugikan Personal File Record. Apabila              When the Company cannot resolve the issue internally, the
   tidak dapat diselesaikan secara internal Perseroan, pelapor           whistleblower can take the case to an independent institution
   dijamin haknya untuk membawa ke lembaga independen di                 outside the Company, such as a mediator, the police, or the
   luar Perusahaan, seperti mediator, kepolisian atau Lembaga            Witness and Victim Protection Agency (LPSK), under the
   Perlindungan Saksi dan Korban (LPSK) dan dibiayai Perusahaan.         Company’s cost.

   Bagi pelapor yang terlibat dalam Pelanggaran akan mendapat            For whistleblowers involved in the Offence will receive
   keringanan sanksi. Perseroan juga akan menyediakan perlindungan       sanction relief. The Company will also provide legal protection
   hukum jika diperlukan, sejalan dengan yang diatur pada UU No.         if necessary, in line with what is stipulated in Law No. 8 of 2010
   8 tahun 2010 tentang Pencegahan dan Pemberantasan Tindak              on Prevention and Eradication of Money Laundering and Law
   Pidana Pencucian Uang dan UU No. 1 tahun 2023 tentang Kitab           No. 1 of 2023 on the Criminal Code and Law No. 13 of 2006
   Undang-Undang Hukum Pidana dan UU No. 13 Tahun 2006                   as amended by Law No. 31 of 2014 on Witness and Victim
   sebagaimana telah diubah dengan UU No. 31 tahun 2014 tentang          Protection, and Article 5 of Government Regulation No. 57 of
   Perlindungan Saksi dan Korban, dan Pasal 5 PP No. 57 tahun 2003       2003 on Special Protection Procedures for Whistleblowers
   tentang Tata Cara Perlindungan Khusus bagi Pelapor dan Saksi          and Witnesses in the Crime of Money Laundering.
   dalam Tindak Pidana Pencucian Uang.

   SANKSI BAGI PELANGGAR                                                 SANCTIONS FOR VIOLATORS
   Sanksi bagi terlapor yang terbukti melakukan pelanggaran telah        Sanctions for the object of allegation have been stipulated
   diatur dalam Perjanjian Kerja Bersama (PKB) yang disahkan             in the Collective Labor Agreement (PKB), which was
   pada bulan 23 April 2019. Sanksi bagi pegawai yang terbukti           ratified on April 23, 2019. Sanctions for employees who
   melakukan pelanggaran antara lain berupa teguran, peringatan          are proven to have committed violations are in many
   tertulis, penurunan kelas jabatan, hingga pemecatan. Sanksi bagi      forms, including reprimands, written warnings, demotion,
   pihak lain yang bekerja sama dengan GMF antara lain berupa            and dismissal. Sanctions for those collaborating with GMF
   pemutusan kontrak kerja sama.                                         include termination of the contract.

   PENGADUAN TAHUN 2024                                                  INCOMING COMPLAINTS IN 2024

                                                       2024                              2023                             2022
            Media Pelaporan
            Reporting Channel                 Jumlah          Penerima          Jumlah          Penerima         Jumlah         Penerima
                                               Total          Receiver           Total          Receiver          Total         Receiver
    Email                                 -              PT Integrity 3                    PT Integrity 1                   Internal GMF
    Email                                                Indonesia                         Indonesia
    Web WBS                               5              PT Integrity 2                    PT Integrity -                   -
    Web WBS                                              Indonesia                         Indonesia
    Jumlah Laporan Masuk                  5              PT Integrity 5                    PT Integrity 1                   Internal GMF
    Number of Incoming Report                            Indonesia                         Indonesia
    Jumlah Laporan Dihentikan (Tidak 2                                     5                                 1
    Terbukti
    Number of Stopped Report (No proof)
    Jumlah Laporan Diproses               3                                0                                 1
    Number of Processed Report
    Komposisi Laporan Masuk dan           100%                             0%                                100%
    Laporan Diproses
    Composition of Incoming & Processed
    Report

     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                              Tata Kelola Perusahaan
                                                                                                               Corporate Governance




                            Transparansi Praktik Bad Governance
                                                                Transparency on Bad Governance


    Laporan atas Aktivitas Perusahaan yang Mencemari                  Reports on Company’s Activities Polluting the
    Lingkungan                                                        Environment
    Selama tahun 2024, tidak terdapat laporan atas pencemaran         Throughout 2024, there were no reports of environmental
    lingkungan yang dapat disampaikan pada laporan ini.               pollution that can be disclosed in this report.

    Pengungkapan Pemenuhan Kewajiban Perpajakan                       Disclosure of Tax Compliance
    Nilai kontribusi pajak Perseroan pada tahun 2024 mencapai         The value of the Company's tax contribution in 2024 reached
    Rp234,514,251,102.                                                Rp234,514,251,102.

    Pada tahun 2024, pembayaran pajak belum sepenuhnya                In 2024, tax payments were not yet fully made in a timely
    dilakukan secara tepat waktu mengingat likuiditas Perseroan       manner, considering the Company's liquidity was still in the
    setelah pandemi masih dalam proses pemulihan.                     recovery process following the pandemic.

    Ketidaksesuaian Penyajian Laporan Tahunan                         Incompatibility of Annual Report Presentation and
    dan Laporan Keuangan dengan Peraturan yang                        Financial Statements with Applicable Regulations
    Berlaku dan Standar Akuntasi Keuangan (SAK)                       and Financial Accounting Standards (SAK)
    Seluruh penyajian informasi dalam Laporan Tahunan ini,            The entire presentation of information in this Annual Report,
    khususnya terkait kinerja keuangan dan hal-hal lainnya, mengacu   particularly related to financial performance and other
    pada Laporan Keuangan untuk tahun-tahun yang berakhir 31          matters, refers to the Financial Statements for the years
    Desember 2024 dan 31 Desember 2023 yang telah diaudit             ended 31 December 2024 and 31 December 2023 which have
    oleh Kantor Akuntan Publik Rintis, Jumadi, Rianto & Rekan.        been audited by the Public Accounting Firm Rintis, Jumadi,
    Penyajian dan pengungkapan laporan keuangan Perseroan             Rianto & Associates. The presentation and disclosure of the
    disusun dan disajikan sesuai Standar Akuntansi Keuangan           Company's financial statements are prepared and presented
    di Indonesia, yaitu Pernyataan Standar Akuntansi Keuangan         in accordance with Indonesian Financial Accounting
    (PSAK), yang diterbitkan oleh Ikatan Akuntan Indonesia (IAI)      Standards, namely the Statement of Financial Accounting
    dan Peraturan Badan Pengawas Pasar Modal dan Lembaga              Standards (PSAK), issued by the Indonesian Institute of
    Keuangan (Bapepam-LK) No. VIII.G.7 tentang Pedoman                Accountants (IAI) and the Regulation of the Capital Market
    Penyajian Laporan Keuangan, dengan Surat Keputusan Ketua          Supervisory Agency and Financial Institutions (Bapepam-LK)
    Bapepam-LK No. KEP-347/BL/2012 tentang Penyajian dan              No. VIII.G.7 concerning Guidelines for the Presentation of
    Pengungkapan Laporan Keuangan Emiten atau Perusahaan              Financial Statements, with the Decree of the Chairman of
    Publik.                                                           Bapepam-LK No. KEP-347/BL/2012 concerning Presentation
                                                                      and Disclosure of Financial Statements of Issuers or Public
                                                                      Companies.

    Kasus Terkait dengan Buruh dan Karyawan                           Cases Related to Labor and Employees
    Sepanjang 2024, tidak terdapat kasus terkait dengan buruh         Throughout 2024, there were no cases related to labor and
    dan karyawan.                                                     employees.

    Pengungkapan Segmen Operasi pada Laporan Keuangan                 Disclosure of Operating Segments in Financial
                                                                      Statements
    Sebagaimana yang tercantum dalam PSAK No. 5 tentang               As stated in PSAK No. 5 concerning Operating Segments and
    Segmen Operasi dan untuk kepentingan manajemen, Perseroan         for the management’s interest, the Company has presented
    telah menyajikannya menurut pengelompokkan (segmen) jasa          them according to the grouping (segment) of services, namely
    yang diberikan, yaitu jasa pemeliharaan dan perbaikan pesawat     maintenance and repair services for airframe aircraft, engines
    airframe, engine, component; serta jasa pemeliharaan dan          and components; as well as maintenance and repair services
    perbaikan pesawat line maintenance dan technical ground           for line maintenance and technical ground aircraft handling,
    handling, sebagaimana telah disampaikan dalam Laporan             as stated in the 2024 Audited Financial Statements. The
    Keuangan Teraudit tahun 2024. Perseroan tidak melaporkan          Company does not report information related to performance
    informasi terkait kinerja berdasarkan daerah geografis.           based on geographic areas.




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   Kesesuaian Buku Laporan Tahunan dan Laporan Tahunan          Suitability of the Annual Report between
   Digital                                                      the Book and Digital Version
   Laporan Tahunan digital Perseroan, baik yang disampaikan     The Company's digital Annual Reports, whether submitted to
   kepada pemegang saham, pemangku kepentingan, maupun yang     shareholders, stakeholders, or those uploaded on the Company's
   telah diunggah pada situs web resmi Perseroan telah sesuai   official website, are according to the Annual Report book that
   dengan buku Laporan Tahunan yang dicetak dan diterbitkan     is printed and published by the Company.
   oleh Perseroan.




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                                   Tata Kelola Perusahaan
                                    Corporate Governance




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Page 383
      LAPORAN
KEBERLANJUTAN
  Sustainability Report
Page 384
   Ikhtisar Kinerja Keberlanjutan 2024
   Highlights of Sustainable Performance In 2024


   IKHTISAR KINERJA EKONOMI [OJK B.1]                                  HIGHLIGHTS OF ECONOMIC
                                                                       PERFORMANCE [OJK B.1]

                     Keterangan                           Satuan
                                                                                   2024                   2023                   2022
                     Description                           Unit

    Pelibatan Pemasok Lokal (Barang dan Jasa)    Perusahaan/Mitra
                                                                                          108                      36                        112
    Local Suppliers (Goods and Services)         Company/Partner

    Jumlah Pendapatan Usaha
                                                 USD                            421,223,186           373,206,984                    238,703,893
    Total Operating Revenues

    (Rugi)/Laba Bersih Tahun Berjalan
                                                 USD                               26,900,045             20,168,689                   3,628,331
    (Loss)/Profit for the Year



   IKHTISAR KINERJA LINGKUNGAN [OJK B.2]                               HIGHLIGHTS OF ENVIRONMENTAL
                                                                       PERFORMANCE [OJK B.2]

                              Keterangan                               Satuan
                                                                                             2024                2023                 2022
                              Description                               Unit

    Penggunaan Energi (Listrik dan BBM)
                                                               GigaJoule (GJ)                73,916.99             81,734               84,921.2
    Energy Usage (Electricity and Fuel)

    Penggunaan Air
                                                               M3                             162,439             466,284               139,667
    Water Usage

    Total Limbah Dihasilkan
                                                               Ton                            1,136.42            1,012.73               420.75
    Total Waste Generated

    Emisi Gas Rumah Kaca
                                                               TonCO2eq                         1,077.4            1,382.5               1,270.4
    Greenhouse Gas Emissions

    Pelestarian Keanekaragaman Hayati (Penanaman Pohon)        Pohon
                                                                                                    825                1,140                 663
    Conservation of Biodiversity (Tree Planting)               Trees

    Pengaduan Lingkungan                                       Kasus                             Nihil                 Nihil               Nihil
    Environmental Complaints                                   Cases                             None                  None                None


   IKHTISAR KINERJA SOSIAL [OJK B.3]                                   HIGHLIGHTS OF SOCIAL
                                                                       PERFORMANCE [OJK B.3]

                                   Keterangan                                       Satuan
                                                                                                           2024           2023           2022
                                   Description                                       Unit

    Jumlah Total Pegawai*                                                 Orang
                                                                                                             5,134         4,875           4,690
    Total Employees                                                       Person

    Jumlah Pegawai Wanita*                                                Orang
                                                                                                                 555           502           473
    Total Female Employees                                                Person

    Jumlah Pegawai Pria*                                                  Orang
                                                                                                             4,579         4,373           4,217
    Total Male Employees                                                  Person

    Jumlah Rekrutmen                                                      Orang
                                                                                                                 631           436           167
    Total Recruitment                                                     Person




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                                                                                                                                          Sustainability Report




                                        Keterangan                                                     Satuan
                                                                                                                               2024           2023          2022
                                        Description                                                     Unit

     Jumlah Karyawan Meninggalkan Perusahaan                                                Orang
                                                                                                                                    312           141            197
     Total Resigned Employees                                                               Person

     Turnover Pegawai                                                                       Persen
                                                                                                                                   2.98           2.94          4.36
     Employee Turnover                                                                      Percentage

     Jumlah Kecelakaan Kerja yang Menyebabkan Kematian [ESG S-06]                           Kasus                                 Nihil          Nihil         Nihil
     Work Accidents Leading to Death                                                        Cases                                 None           None          None

     Jumlah Pengaduan Pelanggan                                                             Kasus
                                                                                                                                     26             19            40
     Customer Complaints                                                                    Cases

     Jumlah Penyaluran Dana TJSL                                                            Rp Juta
                                                                                                                                352.50        201.54         178.62
     Funding to Finance the TJSL                                                            Rp Million

     Kepuasan Konsumen                                                                      Target 4
                                                                                                                                       4          3.97            3.7
     Customer Satisfaction
     Keterangan:
     *Jumlah pegawai yang tercatat di sini merupakan pegawai secara keseluruhan Perseroan saja (pegawai tetap dan pegawai tidak tetap), tidak beserta entitas anak.
     Notes:*This is the total employees of the Company only (permanent and non-permanent employees), excluding subsidiaries.



    KETERANGAN TERKAIT PRODUK                                                           INFORMATION REGARDING ECO-
    RAMAH LINGKUNGAN [OJK B.1] [OJK F.5]                                                FRIENDLY PRODUCTS [OJK B.1] [OJK F.5]

    GMF memberikan pelayanan MRO kepada maskapai                                        GMF offers MRO services to airlines and clients across diverse
    penerbangan dan klien lainnya yang membutuhkan dari berbagai                        industrial sectors. The activities of GMF’s services rely on
    bidang industri. Aktivitas pelayanan GMF menggunakan                                specialized materials, but the aircraft parts and other machinery
    material khusus, namun parts pesawat dan mesin-mesin lainnya                        are not produced by the Company. Additionaly, those materials
    bukan merupakan hasil produksi Perseroan. Selain itu, material                      cannot be considered as eco-friendly materials.
    yang digunakan juga tidak dapat dikategorikan sebagai material
    ramah lingkungan.

    Aktivitas usaha memang menghasilkan limbah, namun hal                               While business operations generate waste, this cannot be
    tersebut tidak dapat dikategorikan sebagai produk yang                              categorized as a byproduct resulting from GMF’s activities.
    dihasilkan dari aktivitas usaha GMF. Selain itu, GMF juga                           Additionally, GMF does not engage in financing activities
    tidak memiliki pembiayaan yang termasuk kategori kegiatan                           falling under the category of Sustainable Finance as outlined
    Keuangan Berkelanjutan dalam POJK Nomor 60/POJK.04/2017                             in POJK Number 60/POJK.04/2017 concerning the Issuance
    tentang Penerbitan dan Persyaratan Efek Bersifat Utang                              and Requirements for Environmentally Friendly Debt Securities
    Berwawasan Lingkungan (Green Bond).                                                 (Green Bonds).




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   Tentang Laporan Keberlanjutan
   About This Sustainability Report


   Laporan Keberlanjutan ini disusun berdasarkan ketentuan            This Sustainability Report is prepared based on the Financial
   Peraturan Otoritas Jasa Keuangan No. 51/POJK.03/2017               Services Authority (OJK) Regulation No. 51/POJK.03/2017
   tentang Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa         concerning the Implementation of Sustainable Finance for
   Keuangan, Emiten, dan Perusahaan Publik, berikut Surat Edaran      Financial Service Institutions, Issuers, and Public Companies,
   Otoritas Jasa Keuangan No. 16/ SEOJK.04/2021 tentang               along with OJK Circular Letter No. 16/SEOJK.04/2021
   Bentuk dan Isi Laporan Tahunan Emiten atau Perusahaan Publik.      concerning the Form and Content of the Annual Reports of
   Pengungkapan Laporan Keberlanjutan juga mengikuti pedoman          Issuers or Public Companies. This Sustainability Report also
   yang ada pada panduan Global Reporting Initiatives (GRI)           follows the reference from the Global Reporting Initiatives
   2021. Pada tahun pelaporan 2024, GMF juga mengaplikasikan          (GRI) Standards 2021. For the reporting year 2024, GMF also
   pengungkapan berdasarkan ketentuan terbaru BEI yaitu Matrik        applied the disclosure based on the latest IDX’s regulation
   ESG IDX.                                                           called the IDX ESG Matrix.

   Laporan Keberlanjutan ini memuat kinerja keberlanjutan             This Sustainability Report discusses the Company’s
   Perseroan untuk periode 1 Januari 2024 sampai dengan               sustainability performance with the reporting period from
   31 Desember 2024 yang juga disesuaikan dengan periode              January 1, 2024, until December 31, 2024, which is also adjusted
   pelaporan laporan keuangan konsolidasian teraudit.                 with the reporting period of the audited consolidated financial
   Walaupun laporan keuangan yang ditampilkan merupakan               statement. Although the financial statement presented here is a
   laporan terkonsolidasi dengan entitas anak, namun kinerja          consolidated report that includes subsidiary, the sustainability
   keberlanjutan yang ditampilkan pada Laporan Keberlanjutan ini      performance displayed in this Sustainability Report does not
   tidak mencakup entitas anak. Perseroan menerbitkan Laporan         include the subsidiary. This Sustainability Report is published
   Keberlanjutan ini secara tahunan dalam satu buku dengan            annually in the same book of the Company’s Annual Report and
   Laporan Tahunan dan disebut sebagai Laporan Terintegrasi.          thus referred to as Integrated Report. [GRI 2-2, 2-3]
   [GRI 2-2, 2-3]

   Tidak terdapat penyajian kembali atas informasi pada               There is no restatement in the information published in the
   Laporan sebelumnya ataupun pada laporan keuangan                   previous Report nor in the audited consolidated financial
   konsolidasian teraudit yang telah disampaikan. Semua data          statements that have been submitted. All data and information
   dan informasi dari pihak internal Perseroan yang disajikan dapat   presented from the Company’s internal resources can be
   dipertanggungjawabkan kredibilitasnya. Laporan Keberlanjutan       accounted for in terms of credibility. This Sustainability Report
   ini tidak diverifikasi oleh pihak ketiga independen. Direksi dan   was not verified by an independent third party. The Board of
   Dewan Komisaris, bersama dengan Sekretaris Perusahaan,             Directors and Commissioners, together with the Corporate
   sebagai penanggung jawab harian pembuatan Laporan                  Secretary, who is responsible for the daily preparation of this
   Keberlanjutan ini, ikut terlibat dalam proses pembuatan laporan.   Sustainability Report, were involved in the preparation process.
   [GRI 2-4, 2-5] [OJK G.1]                                           [GRI 2-4, 2-5] [OJK G.1]

   Perseroan sudah mempublikasikan Laporan Keberlanjutan              The Company has published the Sustainability Report for 2023,
   tahun 2023 namun hingga akhir periode pelaporan dari Laporan       however, until the end of the reporting period of Sustainability
   Keberlanjutan 2023 per 31 Desember 2024 tidak terdapat             Report for 2023 as of December 31, 2024, there was no
   tanggapan dari para pemangku kepentingan terhadap isi dari         feedback from stakeholders on the content of the Sustainability
   Laporan Keberlanjutan 2023. [OJK G.3]                              Report for 2023. [OJK G.3]




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                                                                                                Laporan Keberlanjutan
                                                                                                  Sustainability Report




                                               KONTAK PELAPORAN [GRI 2-3]
                                                 REPORTING CONTACT [GRI 2-3]




                                               Kantor Pusat | Head Office
                                     PT Garuda Maintenance Facility AeroAsia Tbk
                                            Hangar 4, Lobby Selatan Lantai 2,
                  Area Perkantoran Bandara Internasional Soekarno Hatta International, Kelurahan Pajang,
                                       Kecamatan Benda, Kota Tangerang, 15125

                                                 PO. Box 1303, BUSH 19130
                                  Telepon (call center): +62 21 550 8717/ +62 21 550 8609
                   Email: corporatecommunications@gmf-Aero Asia.co.id/ Marketing@gmf-Aero Asia.co.id




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   Hubungan Dengan Pemangku Kepentingan
   dan Penentuan Topik Material [GRI 2-29]
   Stakeholders Engagement and Materiality Analysis [GRI 2-29]

   UJI TUNTAS                                                       DUE DILIGENCE

   Perseroan memiliki tujuan agar kegiatan TJSL dapat memenuhi      The Company has an objective to make TJSL activities fulfill the
   kebutuhan pemangku kepentingan yang terdampak aktivitas          needs of stakeholders who are affected by operational activities
   operasional dari sisi sosial, ekonomi, dan lingkungan. Hal ini   from a social, economic, and environmental perspective. This
   membuat Perseroan senantiasa melakukan pemetaan secara           makes the Company continue making internal mapping on the
   internal terkait kondisi lingkungan masyarakat dari berbagai     community’s conditions from various sides to maximize TJSL
   sisi agar program TJSL berjalan tepat sasaran dan memberikan     program to those who truly deserve it.
   manfaat maksimal.

   Perseroan melakukan uji tuntas (due diligence) secara internal   The Company has internal due diligence activities on the
   terhadap kegiatan operasional dan dampaknya terhadap             operation and assesses its impact on the economy, environment,
   ekonomi, lingkungan, maupun sosial berdasarkan tingkat           and society based on the materiality level and negative impacts.
   materialitas serta dampak negatif yang mungkin timbul. Isu       Priority issues are formulated and then designed as programs
   prioritas dirumuskan untuk kemudian dirancang sebagai            that can ensure the stakeholders receive continuous benefits.
   program yang dapat memastikan keberlanjutan manfaat bagi         The due diligence activities are:
   para pemangku kepentingan. Aktivitas due diligence dari
   kegiatan TJSL meliputi:
   1. Survei kepuasan karyawan;                                     1.   Employee satisfaction survey;
   2. Survei pelanggan;                                             2.   Customer survey;
   3. Survei kepuasan pemasok;                                      3.   Vendor performance evaluation;
   4. Focus Group Discussion;                                       4.   Focus Group Discussion;
   5. Rencana Kerja dan Anggaran Perseroan (RKAP).                  5.   5Company’s Work and Budget Plan.

   PEMANGKU KEPENTINGAN                                             KEY STAKEHOLDERS AND
   DAN ISU PENTING [OJK E.4]                                        IMPORTANT ISSUES [OJK E.4]

   Perseroan melibatkan pemangku kepentingan internal dan           The Company actively engages both internal and external
   eksternal dalam menerapkan strategi operasional serta            stakeholders in implementing operational strategies and
   menyelaraskan tujuan korporasi dalam mewujudkan bisnis yang      aligning corporate goals to realize sustainable business
   berkelanjutan. Keterlibatan pemangku kepentingan menjadi         practices. Stakeholder involvement is important to the
   kunci dari keberlanjutan Perusahaan. Hubungan baik, sikap        Company’s sustainability efforts. Maintaining strong
   saling menghormati, dan komunikasi dua arah dengan pemangku      relationships, fostering mutual respect, and facilitating two-
   kepentingan sangat penting untuk kestabilan operasional          way communication with stakeholders are crucial for ensuring
   Perusahaan. Perseroan terbuka terhadap berbagai kesempatan       operational stability. The Company remains open to various
   untuk berdialog, menerima umpan balik, dan mempertimbangkan      opportunities for dialogue, welcomes feedback, and considers
   masukan pemangku kepentingan dalam pengambilan keputusan.        stakeholder input in decision-making processes.

   Perseroan telah mengidentifikasi tujuh pemangku kepentingan      Seven main stakeholders have been identified, including clients,
   utama yang terdiri dari klien, pemegang saham dan investor,      shareholders and investors, employees, government/regulators,
   pegawai, pemerintah/regulator, mitra kerja, media massa,         partners, mass media, and the public. This identification stems
   masyarakat. Identifikasi tersebut didapatkan dari analisa pola   from an analysis of interaction patterns and the nature of
   interaksi dan sifat keterlibatan dengan kegiatan bisnis GMF      involvement with GMF’s business activities, as well as those
   serta mereka yang memiliki pengaruh signifikan terhadap bisnis   who are anticipated to exert significant influence on GMF’s
   GMF pada tahun 2024.                                             business in 2024.

   Tabel berikut ini menggambarkan interaksi Perseroan dengan       The following table outlines the Company’s interactions with
   para pemangku kepentingan, yang dipilih berdasarkan rentang      stakeholders, selected based on their level of influence and
   pengaruh dan kepentingannya terhadap keberlanjutan               importance to the Company’s sustainability.
   Perseroan.


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         Pemangku Kepentingan           Topik/Harapan terhadap Perseroan                      Metode dan Frekuensi Pelibatan
             Stakeholders               Topics/Expectation to the Company                   Engagement Methods and Frequencies

                                                                                    •      Pertemuan pelanggan (sesuai kebutuhan)
                                   •   Kualitas produk dan layanan yang terjaga dan
                                                                                           Customer gathering (as required)
                                       optimal
                                                                                    •      Survei kepuasan pelanggan (minimal setahun
     Klien                             Quality of products and services are
                                                                                           sekali)
     Clients                           maintained and optimal
                                                                                           Customer satisfaction survey (at least once a year)
                                   •   Harga pelayanan yang kompetitif
                                                                                    •      Mekanisme pengaduan (sesuai kebutuhan)
                                       Competitive maintenance rate
                                                                                           Complaint mechanism (as required)

                                                                                      •    Rapat Umum Pemegang Saham (minimal setahun
                                                                                           sekali)
                                                                                           General Meeting of Shareholders (at least once
                                                                                           a year)
                                                                                      •    Paparan Publik (minimal setahun sekali)
                                   •   Kinerja Perseroan
                                                                                           Public Expose (at least once a year)
                                       The Company’s performance
                                                                                      •    Laporan Tahunan dan Laporan Keberlanjutan
                                   •   Perolehan dividen
                                                                                           (setahun sekali)
                                       Earnings of dividends
     Pemegang Saham dan Investor                                                           Annual Report and Sustainability Report (once
                                   •   Transparansi laporan kondisi Perseroan
     Shareholders and Investors                                                            a year)
                                       Transparency of the Company's condition
                                                                                      •    Laporan Keuangan (4 kali setahun)
                                       report
                                                                                           Financial Statements (4 times a year)
                                   •   Inovasi layanan
                                                                                      •    Keterbukaan informasi dalam situs web
                                       Maintenance services innovation
                                                                                           Perusahaan (sesuai kebutuhan)
                                                                                           Information disclosure in the Company’s website
                                                                                           (as required)
                                                                                      •    Pertemuan dengan analis
                                                                                           Meeting with analyst

                                   •   Kesejahteraan
                                       Welfare
                                   •   Kesetaraan dan keadilan dalam penilaian •           Pendidikan dan pelatihan (sesuai kebutuhan)
                                       kinerja, pengembangan kompetensi, jenjang           Education and training (as required)
                                       karir dan remunerasi                            •   Reviu Kinerja (tahunan)
     Pegawai                           Equality and fairness in performance appraisal,     Performance review (annually)
     Employees                         competency development, career path and •           Perlakuan yang adil dan setara dalam
                                       remuneration                                        pengembangan karir dan remunerasi
                                   •   Fasilitas/tempat kerja yang sehat, aman dan         Fair and equal treatment in career development
                                       nyaman                                              and remuneration
                                       A healthy, safe and comfortable workplace/
                                       facilities

                                   •   Terjalinnya hubungan yang harmonis dan
                                       konstruktif dengan regulator
                                                                                  •        Laporan berkala dan insidentil yang disampaikan
                                       Establishing a harmonious and constructive
                                                                                           tepat waktu (sesuai kebutuhan)
                                       relationship with regulators
     Pemerintah/Regulator                                                                  Regular and incidental report submitted on time
                                   •   Pemenuhan ijin usaha
     Government/Regulator                                                                  (as required)
                                       Fulfillment of business license
                                                                                  •        Rapat konsultasi (sesuai kebutuhan)
                                   •   Kepatuhan terhadap peraturan perundang-
                                                                                           Meeting consultation (as required)
                                       undangan
                                       Compliance to prevailing regulations




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       Pemangku Kepentingan              Topik/Harapan terhadap Perseroan                     Metode dan Frekuensi Pelibatan
           Stakeholders                  Topics/Expectation to the Company                  Engagement Methods and Frequencies

                                                                                      •   Tender pengadaan (sesuai kebutuhan)
                                                                                          Procurement tender (as required)
                                                                                      •   Evaluasi pemasok (sekali setahun)
                                                                                          Supplier evaluation (once a year)
                                                                                 •        Pertemuan (sesuai kebutuhan)
                                    Proses tender dan seleksi secara terbuka dan
                                                                                          Gathering (as required)
    Mitra Bisnis (Pemasok)          transparan.
                                                                                 •        Perjanjian kerja sama (sesuai kebutuhan)
    Business Partners (Suppliers)   Tender and selection process, openly and
                                                                                          Work agreement (as required)
                                    transparently.
                                                                                 •        Pakta Integritas dengan mitra bisnis untuk
                                                                                          menghindari praktik gratifikasi atau kecurangan
                                                                                          (fraud) lainnya
                                                                                          Integrity Pact with business partners to avoid any
                                                                                          gratification or other fraud practices

                                                                                      •   Paparan Publik (setahun sekali)
                                                                                          Public Expose (once a year)
                                                                                      •   Keterbukaan informasi dalam website Perseroan
    Media Massa                     Pembaruan informasi tepat waktu.                      (sesuai kebutuhan)
    Mass Media                      Timely information update.                            Information disclosure on the Company’s website
                                                                                          (as required)
                                                                                      •   Siaran pers (jika diperlukan)
                                                                                          Press release (if necessary)

                                    •   Terjalinnya hubungan yang harmonis dengan
                                        masyarakat sekitar menara Perusahaan
                                        Establishing a harmonious relationship with
                                        the community around the Company’s towers
                                    •   Meminimalisir dampak operasional              Pelibatan masyarakat dalam perencanaan dan
                                        Perusahaan terhadap lingkungan                pelaksanaan kegiatan tanggung jawab sosial
    Masyarakat
                                        Minimizing the impact of the Company’s        perusahaan (sesuai kebutuhan).
    Community
                                        operations to the environment                 Community involvement in planning and implementing
                                    •   Berkontribusi terhadap kehidupan ekonomi ,    corporate social responsibility activities (as required).
                                        sosial dan lingkungan masyarakat sekitar
                                        Contributing to the economic, social and
                                        environmental life of the surrounding
                                        communities




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                        Penentuan Topik Material [GRI 3-1, 3-2]
                                                                     Materiality Analysis [GRI 3-1, 3-2]


    Setelah berdiskusi dengan Direksi, Dewan Komisaris ("Dekom"),             After discussions with the Board of Directors (“BOD”), Board of
    serta eksekutif senior dan manajer pada tahun 2024, kami                  Commissioners (“BOC”), and senior executives and managers
    meyakini bahwa topik material yang kami ungkapkan dalam                   in 2024, we believe that the material topics highlighted in
    Laporan tahun sebelumnya tetap relevan dan mencerminkan isu               prior year’s Report are still relevant and constitute the most
    keberlanjutan yang paling signifikan bagi kami. Selain itu, seperti       material sustainability issues for us. In addition, as we have
    yang telah disampaikan sebelumnya, tidak ada perubahan                    previously mentioned, no significant changes have occurred to
    signifikan yang terjadi pada organisasi, bisnis inti, rantai nilai,       our organization, core business, value chain, or other business
    atau hubungan bisnis lainnya sejak Laporan sebelumnya.                    relationships since our previous Report. [GRI 3-1]
    [GRI 3-1]

    Dalam upaya kami melakukan validasi terhadap topik material               To solidify the material topics that we have chosen, we took
    yang telah dipilih, kami juga mempertimbangkan interaksi                  notes from conversations we had with customers, auditors,
    dengan pelanggan, auditor, dan pihak terkait lainnya. Kami                and relevant parties. We also enriched ourselves with the rise
    juga memperoleh wawasan dari perkembangan penerapan                       of sustainability-conscious practices in our field to upgrade
    praktik keberlanjutan dalam industri kami untuk memperkaya                the content of this Report with other references applicable
    konten Laporan ini dengan mencakup penggunaan referensi                   according to capital market regulators (IDX ESG Matrix).
    yang berlaku menurut regulator pasar modal (Matrik ESG IDX).              [GRI 2-23]
    [GRI 2-23]

    Hasil dari proses ini dirangkum dalam tabel berikut. Direksi              The results of this process are summarized in the following
    dan Dekom memainkan peran penting dalam menentukan                        table. Our BOD and BOC were instrumental in defining the
    isi Laporan ini. Semua topik dan tema telah didiskusikan dan              subject matter of this Report. All of the topics and themes
    disetujui oleh Direksi dan Dekom. Selama proses penyusunan,               were discussed and approved by the BOD and BOC. During
    anggota Direksi dan Dekom secara aktif terlibat untuk                     the writing process, members of the BOD and BOC were also
    memberikan masukan mengenai isu keberlanjutan. Seluruh                    actively engaged to receive their input on sustainability issues.
    anggota Direksi dan Dekom telah membaca dan menyetujui                    All members of the BOD and BOC have read and approved this
    Laporan ini. [GRI 2-14]                                                   report. [GRI 2-14]


                                           Daftar Topik Material Berdasarkan GRI 2021 [GRI 3-2]
                                                  List of Material Topics Based on GRI 2021 [GRI 3-2]


                            Topik                                Indeks GRI                                    SDG Terkait
      No.
                            Topics                                GRI Index                                    Related SDGs

     Topik Ekonomi
     Economic Topics

              Kinerja Keuangan/Ekonomi           GRI 201:
       1.
              Financial/Economic Performance     Kinerja Ekonomi | Economic Performance

              Dukungan untuk Pemasok Lokal       GRI 204:
       2.
              Support for Local Suppliers        Praktik Pengadaan | Procurement Practices

     Topik Lingkungan
     Environmental Topics

              Memerangi Perubahan Iklim,
              Menurunkan Dampak terhadap
                                               GRI 302:
       3.     Lingkungan
                                               Energi | Energy
              Combating Climate Change,
              Lowering Environmental Footprint




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                                        Daftar Topik Material Berdasarkan GRI 2021 [GRI 3-2]
                                              List of Material Topics Based on GRI 2021 [GRI 3-2]


                        Topik                                Indeks GRI                             SDG Terkait
     No.
                        Topics                                GRI Index                             Related SDGs

            Pengaruh terhadap Sumber Daya
                                             GRI 303:
      4.    Air
                                             Air dan Efluen | Water and Effluents
            Impact on Water Resources

            Dampak terhadap Sistem Alam      GRI 305:
      5.
            Impact on Nature System          Emisi | Emission

            Pengelolaan Limbah               GRI 306:
      6.
            Waste Management                 Limbah | Waste

    Topik Sosial
    Social Topics

            Perekrutan Karyawan              GRI 401:
      7.
            Employee Recruitment             Kepegawaian | Employment

            Hak Asasi Manusia perihal Tempat
                                             GRI 403:
            Kerja yang Sehat Aman
      8.                                     Kesehatan dan Keselamatan Kerja |
            Human Rights in Healthy and Safe
                                             Occupational Health and Safety
            Work Conditions

                                             GRI 405:
            Kesetaraan antar Karyawan
      9.                                     Keanekaragaman dan Kesempatan Setara |
            Equality Among Employees
                                             Diversity and Equal Opportunity

            Memperlakukan Karyawan Setara    GRI 406:
     10.
            Treating Employees Equally       Nondiskriminasi | Non-discrimination




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                                   Komitmen Kebijakan Dan Strategi
                                   Keberlanjutan [GRI 2-23] [OJK A.1]
               Policy Commitment and Sustainability Strategy [GRI 2-23]
                                                              [OJK A.1]
    Tujuan pelaksanaan operasional yang berfokus pada                   The objective of conducting operation with a focus on
    keberlanjutan adalah untuk membina hubungan pihak                   sustainability is to foster strong relations with internal and
    internal dan eksternal guna mewujudkan keberlanjutan bisnis.        external parties to achieve business sustainability. The Company
    Operasional keberlanjutan juga bertujuan untuk mendukung            supports the government through the sustainability operation to
    pemerintah dalam membantu pencapaian tujuan pembangunan             achieve sustainable development goals. Internally, sustainability
    berkelanjutan. Secara internal, keberlanjutan juga berdampak        will help to build a harmonious and conducive relationship with
    positif dalam membangun hubungan harmonis dan kondusif              all stakeholders to support the Company’s vision and mission.
    dengan seluruh stakeholders dalam rangka mendukung                  Sustainable operation hopefully will enhance the Company’s
    pencapaian visi dan misi Perseroan. Operasional keberlanjutan       reputation and credibility.
    diharapkan akan meningkatkan reputasi dan kredibilitas
    Perseroan.


                                                Strategi Keberlanjutan Berdasarkan 3P
                                                     Sustainable Strategies Based on 3P




                                                                   People




                                                               SUSTAINABILITY



                                                      Planet                    Profit




    Strategi keberlanjutan berprinsip 3P (people, profit, planet)       The sustainability strategy is based on the 3P principles (people,
    berorientasi pada penciptaan nilai tambah kepada pemangku           profit, planet) that are oriented to create added value for
    kepentingan dan mendukung program pembangunan                       stakeholders and support sustainable development programs,
    berkelanjutan, terutama untuk masyarakat sekitar. Strategi ini      especially for the surrounding community. This strategy creates
    menciptakan garis besar program kerja keberlanjutan Perseroan       an outline of the Company’s sustainability program as follows:
    sebagai berikut:
    1. Program berkelanjutan tahunan yang disesuaikan dengan            1. Making an annual sustainable program tailored to
        kebutuhan pemangku kepentingan.                                    stakeholders’ needs.
    2. Mengelola program TJSL terintegrasi yang dapat dimonitor,        2. Managing an integrated TJSL program that can be
        termasuk dalam hal pengelolaan dana.                               monitored, including its funding management.
    3. Melakukan pelaporan berkelanjutan melalui Integrated             3. Submitting continuous sustainable reports through
        Reporting yang disesuaikan dengan perundang-undangan               Integrated Reporting according to international laws and
        dan standar internasional.                                         standards.




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   Menanamkan Budaya Keberlanjutan Secara
   Berkesinambungan [GRI 2-24] [OJK F.1]
   Embedding the Sustainability Culture Continously [GRI 2-24]
   [OJK F.1]

   GMF memiliki sejumlah budaya korporasi untuk membantu             GMF upholds several corporate cultures to enhance the
   menjalankan bisnis Perseroan dengan lebih baik. Hal ini penting   Company’s operation to be better. This ensures that operational
   untuk memastikan aktivitas operasional Perseroan berjalan         activities align with strong corporate values, facilitating the
   sesuai dengan nilai korporasi yang baik untuk memastikan          achievement of business objectives beneficial to shareholders
   pencapaian tujuan usaha yang bermanfaat bagi pemegang             and stakeholders.
   saham dan seluruh pemangku kepentingan.

   Budaya korporasi yang berlaku di GMF adalah:                      The corporate cultures at GMF are:
   1. Visi dan Misi Usaha                                            1. Business Vision and Mission
   2. Nilai Perusahaan AKHLAK                                        2. AKHLAK Corporate Values
   3. GMF Spirit                                                     3. GMF Spirit
   4. Respectful Workplace Policy                                    4. Respectful Workplace Policy
   5. Integritas for GMF People                                      5. Integrity for GMF People

   Budaya korporasi tersebut telah menjadi satu kesatuan dan         These corporate cultures are integrated into the Company’s
   saat ini telah digunakan Perseroan untuk menjadi budaya           practices to foster a sustainable culture that governs daily
   keberlanjutan yang membantuk praktik bisnis sehari-hari.          business operations. It is the responsibility of all employees
   Menjadi tanggung jawab seluruh pegawai untuk mengamalkan          to embody these corporate cultures in their daily practices.
   setiap budaya korporasi sebagai budaya keberlanjutan dalam        Each statement of corporate culture serves as a fundamental
   praktik bisnis sehari-hari. Setiap pernyataan dari budaya         principle guiding interactions among employees and partners,
   korporasi telah menjadi prinsip dasar dalam berinteraksi baik     forming the foundation for workplace behavior.
   antar sesama karyawan maupun terhadap mitra kerja serta
   menjadi landasan dalam berperilaku di tempat kerja.

   Budaya korporasi GMF telah diinformasikan kepada seluruh          GMF’s corporate culture is communicated to and applicable for
   pegawai dan berlaku bagi seluruh Insan GMF termasuk anggota       all employees, including members of the Board of Commissioners
   Dewan Komisaris dan Direksi, serta para organ pendukungnya.       and Directors, and their supporting organs. Continuous efforts
   Upaya penanaman budaya korporasi dan internalisasi yang           are made to reinforce and internalize corporate culture through
   lebih intensif terus dilakukan melalui berbagai saluran media     various internal media channels of GMF, including a dedicated
   internal GMF mencakup intranet khusus untuk pegawai, email        intranet for employees, email communication, and banners.
   blast, serta spanduk.




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               Kendala, Tantangan, Dan Peluang [OJK E.5]
                            Obstacles, Challenges, and Opportunities [OJK E.5]


    Secara garis besar, upaya keberlanjutan yang dijalankan         Overall, the Company’s sustainability endeavors have been
    Perseroan telah berjalan dengan baik dan tercermin dalam        successful, evident in its daily business practices. GMF continues
    praktik bisnis yang dijalankan Perseroan setiap harinya.        to make economic contributions, positively affect the society,
    Perseroan tetap mampu berkontribusi secara ekonomi,             preserve the environment, and protect the human rights of its
    memberikan dampak positif bagi masyarakat, membantu             employees. However, the current challenge lies in maintaining
    melestarikan lingkungan, dan melindungi hak asasi manusia       this positive performance consistently and expanding
    dari para pegawai. Dengan demikian, tantangan yang dihadapi     sustainability efforts for broader and long-term benefits.
    Perseroan saat ini adalah konsistensi dalam mempertahankan
    kinerja positif dan mengembangkan upaya keberlanjutan agar
    dapat memberikan dampak yang lebih luas dan bermanfaat
    secara jangka panjang.

    Konsistensi menjadi sebuah tantangan namun juga menjadi         Consistency poses both a challenge and an opportunity when
    peluang ketika Perseroan berhasil meningkatkan kinerja dan      the Company has to strive in sustaining its positive performance,
    memperluas cakupan komitmen ke dalam aspek operasional          yet it offers opportunities for improvement and broadening
    lainnya. Perseroan akan mendorong karyawan untuk                commitments to other operational aspects. The Company plans
    mengikuti berbagai program pelatihan terkait keberlanjutan      to encourage employee participation in various sustainability-
    untuk memperkaya kebijakan internal dan meningkatkan            related training programs to enhance internal policies and daily
    penerapannya di dalam aktivitas operasional sehari-hari.        business practice. By responsibly managing operational waste,
    Saat menjalankan bisnis yang bertanggung jawab dalam hal        reducing emissions, and fostering a culture of energy efficiency,
    keberlanjutan, seperti saat mengelola limbah operasional,       GMF can indirectly bolster its business operations.
    mengurangi emisi, dan menekankan budaya sadar efisiensi
    energi, secara tidak langsung akan berdampak positif terhadap
    bisnis Perseroan.

    Dukungan dari pemangku kepentingan akan memastikan              Stakeholder support is crucial for ensuring the continuity of
    keberlangsungan bisnis GMF dan memastikan aktivitas             GMF’s business and seamless operational activities without
    operasional berjalan dengan lancar tanpa adanya hambatan.       any obstacle.




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   Memaksimalkan Kinerja Ekonomi
   Maximizing Economic Performance


   PENGUNGKAPAN MANAJEMEN                                                  DISCLOSURE OF MATERIAL
   TOPIK MATERIAL [GRI 3-3]                                                TOPIC MANAGEMENT [GRI 3-3]

   Kinerja ekonomi merupakan salah satu topik material yang                Economic performance is one of the material topics that
   menjadi perhatian utama dalam pelaporan keberlanjutan                   becomes a key focus in the Company’s sustainability reporting.
   Perseroan. Hal ini dikarenakan kinerja ekonomi tidak hanya              This is because economic performance not only reflects business
   mencerminkan keberlanjutan bisnis, tetapi juga memiliki                 sustainability but also has a broad impact on shareholders,
   dampak luas bagi pemegang saham, pemangku kepentingan,                  stakeholders, and society. By ensuring stable economic growth,
   dan masyarakat. Dengan memastikan pertumbuhan ekonomi                   the Company can continue its operations sustainably and
   yang stabil, Perseroan dapat terus menjalankan operasionalnya           provide long-term benefits to various parties.
   secara berkelanjutan serta memberikan manfaat jangka panjang
   bagi berbagai pihak.

   Pencapaian kinerja ekonomi yang positif berdampak langsung              The achievement of positive economic performance directly
   pada peningkatan nilai bagi pemegang saham, kontribusi                  contributes to increasing shareholder value, supporting national
   terhadap pendapatan negara melalui pembayaran pajak,                    revenue through tax payments, ensuring employee welfare
   kesejahteraan karyawan melalui pemberian remunerasi yang                through fair remuneration, and maintaining stable business
   layak, serta kesinambungan hubungan bisnis dengan para mitra            relationships with partners. Additionally, a strong economic
   usaha. Selain itu, kinerja ekonomi yang solid juga memungkinkan         performance enables an increased budget allocation for TJSL
   peningkatan anggaran program TJSL, yang pada akhirnya                   programs, ultimately benefiting the surrounding communities.
   memberikan manfaat bagi masyarakat sekitar.

   Dalam mengelola kinerja ekonomi, Perseroan menjunjung                   In managing economic performance, the Company upholds
   tinggi transparansi dan akuntabilitas. Setiap informasi                 transparency and accountability. All financial information is
   mengenai kinerja keuangan diungkapkan secara jelas melalui              clearly disclosed through periodic reports, public presentations,
   laporan berkala, paparan publik, serta mekanisme komunikasi             and other communication mechanisms accessible to
   lainnya yang dapat diakses oleh pemegang saham, pemangku                shareholders, stakeholders, regulators, and the public. This
   kepentingan, regulator, dan masyarakat luas. Pendekatan ini             approach not only reflects the Company’s commitment to good
   tidak hanya mencerminkan komitmen Perseroan terhadap tata               corporate governance but also encourages all employees to
   kelola perusahaan yang baik, tetapi juga mendorong seluruh              perform their duties with integrity and adherence to the internal
   karyawan untuk menjalankan tugasnya dengan penuh integritas             control policies in place.
   dan kepatuhan terhadap kebijakan pengendalian internal yang
   berlaku.

   NILAI EKONOMI [GRI 201-1]                                               ECONOMIC VALUE [GRI 201-1]

                                               Nilai Ekonomi yang Diperoleh dan Didistribusikan
                                                     Generated and Distributed Economic Value

                              KETERANGAN                                            2024                2023                  2022
                              DESCRIPTION                                           (USD)               (USD)                 (USD)

    Nilai Ekonomi yang Dihasilkan
    Generated Economic Value

    Pendapatan Usaha
                                                                                    421,223,186          373,206,984          238,703,893
    Revenue

    Jumlah Nilai Ekonomi yang Dihasilkan (A)
                                                                                    421,223,186          373,206,984          238,703,893
    Total Generated Economic Value (A)




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                                                   Nilai Ekonomi yang Diperoleh dan Didistribusikan
                                                           Generated and Distributed Economic Value

                                   KETERANGAN                                                 2024                     2023                      2022
                                   DESCRIPTION                                                (USD)                    (USD)                     (USD)

     Nilai Ekonomi yang Didistribusikan
     Distributed Economic Value

     Beban Usaha*
                                                                                              379,219,103              345,505,584               213,836,674
     Operating Expenses

     Beban Pajak Penghasilan
                                                                                                 2,155,930                  438,665                   1,874,974
     Income Tax Expense

     Jumlah Penyaluran Dana TJSL                                                                                          12,713.18
                                                                                                 21,810.41                                             517,540
     Funding to finance the TJSL

     Jumlah Nilai Ekonomi yang Didistribusikan (B)
                                                                                              381,396,843              355,450,487               311,462,838
     Total Distributed Economic Value (B)

     Nilai Ekonomi yang Ditahan (A-B)
                                                                                               39,826,343                17,756,497              (72,758,945)
     Retained Economic Value (A-B)
     Catatan:
     *Beban Usaha sudah mencakup Beban Pegawai, Beban Material, dan beban operasional lainnya sesuai yang disajikan dalam Laporan Keuangan Teraudit untuk Tahun
     Buku 2024.
     Notes:
     *Operating Expenses have covered Emplyoee Expenses, Material Expenses, and other operating expenses in accordance with the information presented in the
     Audited Financial Statements for the Financial Year of 2023.



    Jumlah nilai ekonomi yang dihasilkan Perseroan didapatkan                       The economic value generated by the Company primarily stems
    hanya dari pendapatan usaha yang dapat dianalisa dalam tiga                     from business income, which can be divided into three main
    komponen utama yaitu Reparasi dan Overhaul, Perawatan, dan                      components: Repairs and Overhaul, Maintenance, and Other
    Operasi Lain-Lain. Perseroan tidak menghasilkan pendapatan dari                 Operations. The Company does not generate income from
    sumber lain, termasuk instrument keuangan dari hasil penawaran                  other sources, such as financial instruments resulting from
    umum bersifat ekuitas. Sedangkan jumlah nilai ekonomi yang                      equity public offerings. Meanwhile, the distributed economic
    didistribusikan mencakup beban usaha, beban pegawai (biaya gaji                 value was paid for business expenses, employee expenses
    dan tunjangan pegawai, insentif, biaya kontribusi dana pensiun,                 (including salaries and employee benefits, incentives, pension
    imbalan kerja, dan biaya pegawai lainnya), pembayaran pajak                     fund contribution costs, employee rewards, and other employee
    penghasilan, dan penyaluran dana TJSL.                                          costs), income tax payments, and fundings for TJSL.

    Pada tahun 2024, nilai ekonomi yang ditahan mencapai USD39,83                   In 2024, the retained economic value reached USD39.83
    juta. Nilai ini lebih tinggi 124,2% dari tahun sebelumnya ketika GMF            million. This figure marks a 124,2% increase compared to the
    mencatatkan nilai positif pada nilai ekonomi yang ditahan, yaitu                previous year when GMF reported a retained economic value
    sebesar USD17,76 juta. Terjadi peningkatan pada pendapatan                      of USD17,76 million. This increase in retained economic value
    usaha yang menyebabkan perbedaan nilai ekonomi yang ditahan                     between 2024 and 2023 was primarily due to the increase in
    pada tahun 2024 dibandingkan 2023.                                              revenues.

    Perseroan mengalami peningkatan nilai dari negatif menjadi                      The Company faced negative retained economic value during
    positif pada periode tahun 2023-2024 pada nilai ekonomi yang                    the 2023-2024 period, despite an increase in revenues.
    ditahan yang disebabkan oleh pendapatan usaha Perseroan                         However, this rise was insufficient to cover expenses and
    pada tahun tersebut juga mengalami peningkatan. Peningkatan                     liabilities associated with the distributed portion of economic
    ini kemudian mampu untuk menutupi menutupi beban dan                            value. This situation was caused by the travel restrictions
    kewajiban pada porsi nilai ekonomi yang didistribusikan. Hal ini                imposed due to the high number of COVID-19 cases, leading
    juga berbanding lurus dengan nilai ekonomi pada tahun 2024                      to a negative equity value for the Company. As the aviation
    yang juga mengalami peningkatan seiring dengan bertumbuhnya                     industry gradually rebounds and travel restrictions are lifted,


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   industri perawatan pesawat di masa pasca pandemi sehubungan         GMF enjoys revenue growth that will surpass its obligations,
   dengan membaiknya industri penerbangan. Kondisi ini                 resulting in positive retained economic value for 2023. This
   mengakibatkan GMF mampu melampaui kewajiban dan                     underscores GMF’s ability to capitalize on opportunities for
   menghasilkan nilai ekonomi ditahan yang positif pada tahun          industry improvement.
   2024 yang membuktikan bahwa GMF mampu mengambil
   kesempatan dari peluang perbaikan industri.

   Seiring dengan peningkatan pendapatan, Perseroan mampu              Furthermore, in line with the revenue increase, the Company
   memberikan kontribusi lebih besar kepada negara melalui             has substantially increased its contribution to the country by
   peningkatan pembayaran pajak penghasilan menjadi USD6.85            enhancing income tax payments to USD6.85 million compared
   juta dibandingkan tahun sebelumnya sebesar USD438.66 ribu.          to USD438.66 thousand in the previous year.

   IMPLIKASI FINANSIAL DAN                                             FINANCIAL IMPLICATIONS AND OTHER
   RISIKO LAINNYA AKIBAT                                               RISKS DUE TO CLIMATE CHANGE [GRI 201-2]
   PERUBAHAN IKLIM [GRI 201-2]

   Isu perubahan iklim telah menjadi perhatian serius secara global,   The issue of climate change has gained significant global
   termasuk di Indonesia. Perseroan juga memperhatikan isu ini         attention, including in Indonesia. The Company is also deeply
   sebagai salah satu pertimbangan dalam melakukan aktivitas           concerned about this matter and being mindful of climate
   operasional, terutama yang berkaitan dengan maintenance             change implications in its operational activities, particularly
   dan reparasi pesawat.                                               those associated with aircraft maintenance and repair.

   Operasional maintenance yang dilakukan GMF menghasilkan             GMF’s maintenance operations generate waste, including B3
   limbah yang terdiri dari limbah B3 dan limbah lainnya.              (hazardous) waste and other forms of waste, as elaborated
   Penjelasan lebih lanjut dapat ditemukan pada pembahasan             in the Environmental Conservation Efforts section of this
   Upaya Pelestarian Lingkungan dalam Laporan Keberlanjutan ini.       Sustainability Report.

   Pengelolaan limbah operasional telah dilakukan sejak pertama        Operational waste management has been a priority for GMF
   kali GMF dibentuk. Perseroan mengikuti standar operasional          since being founded in the first time. The Company adheres
   sesuai regulasi yang berlaku dan selalu mengembangkan               to operational standards stipulated by relevant regulations
   diri untuk mengikuti ketentuan yang ada. Implikasi finansial        and continually improves its practices to ensure compliance.
   dari aktivitas ini tidak membawa dampak material karena             Financially, waste management activities have not generated
   pengelolaan limbah sudah menjadi bagian dari aktivitas              any material impact as they are integrated into GMF’s daily
   operasional GMF sehari-hari. Selain itu pengelolaan limbah juga     operations. Moreover, waste management activities have no
   tidak mendatangkan risiko lainnya yang dapat mempengaruhi           additional risks that could adversely affect GMF; rather, they
   GMF, bahkan sebaliknya, GMF turut berkontribusi dalam               contribute positively to preserving the nature, particularly by
   melindungi kelestarian bumi, terutama dari sisi pencemaran          mitigating pollution and safeguarding water quality.
   yang dapat mempengaruhi kualitas air.

   Untuk memastikan pengelolaan lingkungan dan limbah, pada            To ensure environmental and waste management, in 2024,
   tahun 2024 Perusahaan mendapatkan Renewal atas Sertifikasi          the Company obtained the renewal of the ISO 14001:2015
   ISO 14001:2015 untuk Sistem Manajemen Lingkungan.                   certification for the Environmental Management System.

   IMPLIKASI PASCA-KERJA                                               EMPLOYEES POST-EMPLOYMENT
   PEGAWAI [GRI 2-30, 201-3]                                           BENEFITS IMPLICATION [GRI 2-30, 201-3]

   Perseroan memberikan imbalan pascakerja untuk karyawan              The Company provides post-employment benefits to employees
   sesuai dengan Undang-Undang Ketenagakerjaan No. 13/2003.            in accordance with Employment Law No. 13/2003. In 2021, the
   Pada tahun 2021, Perusahaan telah menerapkan Undang-                Company has implemented Law No. 11 of 2020 concerning
   Undang No. 11 Tahun 2020 tentang Cipta Kerja.                       Job Creation.

   Perseroan menyediakan imbalan pasca-kerja berupa program            The Company provides post-employment defined benefitand
   manfaat pasti dan imbalan kerja jangka panjang lain untuk           other long-term benefits covering its qualifying employees
   karyawan yang memenuhi persyaratan program. Sesuai dengan           for each program. In accordance with the amendments to the
   amandemen Perjanjian Kerja Bersama (PKB) dan Peraturan              Cooperation Employment Agreement (PKB) and the Company
   Grup (PP) pada tahun 2016, Perseroan menyelenggarakan               Regulation (PP) in 2016, the Company provides an additional
   tambahan program pensiun iuran pasti GMF memiliki program           defined contribution pension plan GMF has a PPMP program
   PPMP (manfaat pasti) ke DPGA dan DPLK ke BNI. Perseroan             (defined benefit) to DPGA and DPLK to BNI.The Company


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    membayar kontribusi iuran sebesar 6% dari gaji dasar pegawai            pays a contribution fee of 6% of employees’ basic salaries and
    dan ditambah iuran khusus untuk pegawai yang akan pensiun.              additional specific contributions for retiring employees.

    Beban iuran pasti yang diakui dalam beban operasi sebesar               Contribution expenses recognised under operating expenses
    USD868 ribu pada tahun 2024.                                            amounted to USD868 thousand in 2024.

    BANTUAN FINANSIAL YANG DITERIMA                                         FINANCIAL ASSISTANCE RECEIVED
    DARI PEMERINTAH [GRI 201-4]                                             FROM GOVERNMENT [GRI 201-4]

    Sepanjang tahun 2024, Perseroan tidak mendapatkan bantuan               Throughout 2024, the Company did not receive financial
    finansial dari pemerintah. Namun demikian, dengan Kebijakan             assistance from the government. However, the “Bonded &
    Ekonomi yang dikeluarkan oleh pemerintah yaitu “Bonded                  Inventory Control” policy issued by the government regarding
    & Inventory Control” terkait penetapan tarif 4 HS serta                 the 4 HS tariff and the exemption/amendment of the 21 HS
    pembebasan/perubahan persentase Bea Masuk (BM) 21 HS                    Code of Import Duty (BM) to 0% greatly eased the Company’s
    Code menjadi 0% sangat meringakan beban Perseroan karena                expenses in terms of imported parts for aircraft maintenance.
    diberlakukan untuk kategori part yang sering diimpor oleh GMF
    guna menunjang perawatan pesawat.

    PROPORSI PENGELUARAN UNTUK                                              SPENDING PROPORTION FOR
    PEMASOK LOKAL [GRI 204-1]                                               LOCAL SUPPLIERS [GRI 204-1]
    Selama tahun 2024, Perseroan telah mengalokasikan                       In 2024, the Company spent Rp54.12 billion for local suppliers
    pengeluaran untuk pemasok lokal sebesar Rp54.12 miliar                  which consisted of 2 local companies.
    yang terdiri dari 2 perusahaan pemasok lokal.
                                                                            Supplier is also an important part for the Company to ensure its
    Keberadaan pemasok sangat penting bagi kelancaran
                                                                            business runs smoothly and the Company always emphasizes
    usaha dan Perseroan selalu menekankan proses
    pengadaan yang transparan dan adil. Perseroan                           a transparent and fair procurement process. The Company
    memastikan hak dan kewajiban pemasok selalu terpenuhi                   creates a working contract with legal force to ensure that
    melalui kontrak kerja yang berkekuatan hukum untuk                      the rights and obligations of suppliers are always fulfilled and
    menjaga tingkat kepercayaan kedua belah pihak.                          maintain the trust level of both parties.


                                                        Pemasok Barang dan Jasa
                                                        Suppliers of Goods and Services

                                              Jumlah Pemasok                       Nilai Kontrak Pekerjaan (Rp Juta) di luar PPN 10%
               Asal Pemasok                    Total Suppliers                      Contract Values (Rp Million) Excluding 10% VAT
              Suppliers’ Origins
                                           2024               2023                        2024                             2023

     Pemasok Barang
     Supplier of Goods

     Nasional
                                                   0                    0                              0                                   0
     National

     Lokal
                                                   2                    3                 54,124,981,650                     1,925,674,139.96
     Local

     Jumlah
                                                   2                    3                 54,124,981,650                     1,925,674,139.96
     Total

     Pemasok Jasa
     Supplier of Services

     Nasional
                                                  94                   18                 28,270,102,425                     9,960,692,808.12
     National

     Lokal
                                                  14                   18                 80,396,213,975                    79,423,361,803.00
     Local

     Jumlah
                                                  108                  36                 108,666,316,400                  89,384,054,611.12
     Total




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   Upaya Pelestarian Lingkungan
   Environmental Conservation Efforts


   PENGUNGKAPAN MANAJEMEN                                            DISCLOSURE OF MATERIAL
   TOPIK MATERIAL [GRI 3-3]                                          TOPIC MANAGEMENT [GRI 3-3]

   Perseroan memastikan bahwa proses operasional tidak               The Company always makes sure that the operation does not
   memberikan dampak negatif terhadap lingkungan hidup,              harm the environment, especially the surrounding area. The
   terutama daerah sekitar operasi. Pengelolaan kegiatan sosial      environmental and health management is under the Quality,
   bidang lingkungan dan kesehatan dilaksanakan oleh unit Quality,   Health, Safety and Environment (QHSE) unit that lies under the
   Health, Safety and Environment (QHSE), yang berada di bawah       Corporate Affairs & HSE Department. This unit manages several
   Dinas Corporate Affairs & HSE. Unit ini mengelola sejumlah        aspects of environment and occupational health and safety
   aspek yang berkaitan dengan lingkungan hidup dan kesehatan,       (OHS) according to the ISO 14001:2015 of Environmental
   keselamatan kerja (K3) yang sesuai sertifikasi ISO 14001:2015     Management System (SML). The discussion this time focuses on
   Sistem Manajemen Lingkungan (SML). Pembahasan kali ini            the management function in the environmental sector, while the
   difokuskan kepada fungsi pengelolaan di bidang lingkungan,        discussion related to OHS is available in the Appreciation and
   sedangkan pembahasan terkait K3 dapat dibaca di pembahasan        Protection of Our Employees after this discussion. Additionally,
   mengenai Menghargai dan Melindungi Pegawai setelah                the environmental program with impact on the community has
   pembahasan ini. Sedangkan pembahasan program lingkungan           been disclosed in the TJSL programs.
   yang bermanfaat bagi masyarakat telah diungkapkan dalam
   program TJSL.

   Perseroan memiliki sertifikasi ISO 14001:2015 Sistem              The Company has ISO 14001:2015 Environmental Management
   Manajemen Lingkungan (SML) yang baru diperpanjang pada            System (SML) certification which has been extended on
   tanggal 13 September 2024 dan berlaku hingga tanggal 3            September 13, 2024, and is valid until April 3, 2027 after
   April 2027 setelah proses renewal Audit ISO 14001:2015            a renewal Audit of ISO 14001:2015 has completed. This
   selesai dilaksanakan. Sertifikasi ini merupakan sertifikasi       certification is an international certification on environmental
   berstandar internasional mengenai pengelolaan lingkungan          management to identify internal, external, and environmental
   untuk mengidentifikasi isu internal, eksternal, dan dampak        issues.
   lingkungan.

   Sistem ini diharapkan dapat membantu Perseroan                    This system is expected to help the Company minimize the
   meminimalkan dampak negatif dari kegiatan operasional dan         negative impact of the operation and bring a positive impact
   memberikan dampak positif bagi lingkungan. Sistem ini juga        on the environment. This system is also integrated with the
   menjadi bagian integrasi dari sistem manajemen perusahaan         overall management system which includes the organizational
   secara keseluruhan yang meliputi struktur organisasi, tanggung    structure, responsibilities, procedures, processes, and resources
   jawab, prosedur, proses, serta sumber daya dalam mewujudkan       in realizing environmental policies.
   kebijakan lingkungan.

   AKTIVITAS TAHUN 2024                                              ACTIVITIES IN 2024

   Perseroan telah menjalankan sejumlah aktivitas untuk menjaga      The Company has conducted several activities to protect the
   lingkungan hidup dari dampak negatif aktivitas operasi sebagai    environment from the negative impacts of operations as follows:
   berikut:
   1. Pelaksanaan Zero Budget untuk pengelolaan Hazardous            1. Implementation of Zero Budget for Hazardous Waste
       Waste Management;                                                Management;
   2. Pelaksanaan program Earth Hour;                                2. Implementation of Earth Hour program;
   3. Pelaksanaan audit internal HSE berdasarkan ISO                 3. Implementation of HSE internal audit based on ISO 14001:
       14001:2015;                                                      2015;
   4. Pelaksanaan audit renewal SIO 14001:2015;                      4. Implementation of SIO 14001: 2015 renewal audit;
   5. Pelaksanaan pengendalian dan pemantauan lingkungan,            5. Implementation of environmental control and monitoring,
       bekerja sama dengan penyedia jasa laboratorium lingkungan        in collaboration with certified environmental laboratory
       bersertifikasi;                                                  service providers;


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    6. Pelaksanaan pelaporan elektronik pengelolaan limbah B3       6. Implementation of electronic reporting of hazardous waste
        per 3 bulan kepada Kementerian Lingkungan Hidup dan            management per 3 months to the Ministry of Environment
        Kehutanan melalui sistem SIMPEL Kementerian Lingkungan         and Forestry through the SIMPEL system of the Ministry
        Hidup dna Kehutanan;                                           of Environment and Forestry;
    7. Melakukan pengangkutan limbah secara rutin untuk             7. Conducting routine transportation of waste to minimize
        meminimalisir pencemaran;                                      pollution;
    8. Penyediaan fasilitas TPS limbah organik, anorganik, dan B3   8. Provision of TPS facilities for organic, inorganic and B3
        termasuk di dalamnya kelengkapan simbol/label;                 waste including the completeness of symbols/labels;
    9. Penerapan program Continuous Saving Energy, yaitu            9. Implementation of the Continuous Saving Energy program,
        pengurangan penggunaan energi Listrik berupa pemadaman         which is a reduction in the use of electrical energy in the
        lampu kantor pada waktu istirahat, pengurangan                 form of turning off office lights during breaks, reducing the
        penggunaan AHU setelah office hours (setelah pukul 16.00       use of AHU after office hours (after 16.00 WIB);
        WIB);
    10. Penerapan program pemadaman area Perseroan setiap           10. Implementation of the Company’s area blackout program
        akhir bulan selama 1 jam;                                       at the end of each month for 1 hour;
    11. Penerapan solar cell sebagai penghasil energi tambahan      11. Implementation of solar cells as an additional energy
        yang terpasang di Gedung Maintenance Support Facility           producer installed in the Maintenance Support Facility
        (MSF) dan Gedung Ground Support Equipment (GSE);                (MSF) Building and Ground Support Equipment (GSE)
                                                                        Building;
    12. Kebijakan Walk to Work di area kantor dan perjalanan        12. Walk to Work policy in the office area and official travel
        kedinasan dengan meminimalisir utilisasi shuttle bus            by minimizing the utilization of employee shuttle buses.
        karyawan.

    PERIZINAN LINGKUNGAN                                            ENVIRONMENTAL PERMIT

    Perseroan telah memiliki izin lingkungan untuk melaksanakan     The Company has an environmental permit issued by
    kegiatan operasional yang diterbitkan oleh Pemerintah Kota      the Tangerang City Government to carry out operational
    Tangerang. Izin tersebut mencakup Dokumen Izin Lingkungan       activities. Those permits include Environmental Permit
    berupa Dokumen Evaluasi Lingkungan Hidup (DELH) dan             Documents of Environmental Evaluation Documents (DELH)
    Analisis Mengenai Dampak Lingkungan (AMDAL) ketika              and Environmental Impact Analysis (AMDAL) when finished
    melakukan pembangunan Hangar 4. Perseroan telah memenuhi        constructing the new Hangar 4. The Company has fulfilled
    kewajiban pembuatan Laporan Rencana Pengelolaan dan             the obligation to prepare the Environmental Management
    Pemantauan Lingkungan (RKL-RPL) ketika memenuhi perizinan       and Monitoring Plan Report (RKL-RPL) when filling out the
    lingkungan tersebut. Laporan telah diberikan pada instansi      environmental permit. Those reports have been submitted to the
    terkait, yaitu Dinas Lingkungan Hidup dan Kehutanan Provinsi    relevant agencies including the Banten Province Environment
    Banten, Dinas Lingkungan Hidup Kota Tangerang, dan Pusat        and Forestry Service, the Tangerang City Environmental Service,
    Pengendalian Pembangunan Ekoregion Jawa.                        and the Java Ecoregion Development Control Center.

    PENANGANAN INSIDEN YANG                                         HANDLING INCIDENTS THAT
    MENCEMARI LINGKUNGAN                                            POLLUTE THE ENVIRONMENT

    Perseroan terus berupaya untuk mengelola dan memantau           The Company continues to manage and monitor the
    lingkungan dari dampak negatif operasional usaha melalui        environment from any negative impact of operation through
    Prosedur HSE 6-01 tentang Pemantauan dan Pengukuran             HSE Procedure 6-01 concerning Monitoring and Measurement
    Kinerja HSE. Pengukuran dilaksanakan berdasarkan dokumen        of HSE Performance. The measurement is based on DELH and
    DELH dan AMDAL yang telah dimiliki Perseroan. Jika terjadi      AMDAL that the Company owns. If there is a discrepancy, when
    ketidaksesuaian, seperti hasil pengukuran tidak memenuhi        the result does not meet the quality standard, an HSE Inspection
    baku mutu, maka akan dilaksanakan Inspeksi K3L sesuai dengan    will be carried out according to the HSE 5-13 Procedure as
    Prosedur HSE 5-13 yang berujung pada penerbitan evaluasi dan    a basis for evaluation and recommendations in the QHSE
    rekomendasi dalam dokumen QHSE Report. Pada tahun 2024,         Report. In 2024, in general, the environmental measurement


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   secara garis besar, hasil pengukuran lingkungan memenuhi baku      had met the standards reference (wastewater quality, ambient
   mutu yang menjadi acuan (kualitas air limbah, kualitas udara       air quality, air emission-quality from stationary sources, and
   ambien, kualitas emisi udara dari sumber tidak bergerak, dan       environmental noise).
   kebisingan lingkungan).

   PENGGUNAAN MATERIAL                                                MATERIAL USAGE AND
   DAN UPAYA EFISIENSI                                                EFFICIENCY EFFORTS

   Material merupakan bahan-bahan/materi-materi dasar yang            Materials are the basic materials that the Company used in
   digunakan dalam kegiatan yang dilakukan Perseroan. Material        the operation. The materials in business processes include fuel
   yang digunakan dalam proses bisnis mencakup bahan bakar            oil (diesel) for transportation of ground support equipment,
   minyak (solar) untuk transportasi ground support equipment,        hazardous and toxic materials (B3) or chemicals, and paper
   bahan berbahaya dan beracun (B3) atau kimia, serta penggunaan      for administration purposes. These raw materials are not
   kertas untuk administrasi. Bahan baku tersebut bukan bahan         taken directly from nature but are purchased from suppliers.
   baku yang langsung diambil dari alam (raw material), melainkan     Information on how much material the Company used in 2024
   dibeli dari pemasok eksternal (supplier). Informasi volume         is as follows:
   penggunaan material pada tahun 2024 adalah sebagai berikut:


                                                                                                                Kenaikan (Penurunan)
            Jenis Material             Satuan                 Volume 2024               Volume 2023
                                                                                                                 Increase (Decrease)
            Material Type               Unit                  2024 Volume               2023 Volume
                                                                                                                     2023-2024

    Solar
                              Liter                                    207,778                      397,879                     -47.78%
    Solar

    Kimia
                              Ton                                      273,062                       830,44                      32.77%
    Chemistry

    Kertas
                              Rim                                     24,137.71                   20,015.16                      20.60%
    Paper


   Pada tahun 2024 terjadi penurunan solar menjadi 207,778            In 2024 there was a decrease in diesel fuel to 207.778 liters or
   liter atau 47.78% lebih rendah dari tahun 2024. Penurunan ini      47.78% lower than in 2024. This decrease occurred due to more
   terjadi karena penggunaan solar yang lebih efisien, serta proses   efficient use of diesel fuel, as well as a better control process in
   kontrol yang lebih baik dalam pembelian solar. Penggunaan          purchasing diesel fuel. The Company’s chemical material usage
   material kimia Perseroan pada tahun 2024 juga menurun              in 2024 also decreased to 273,062 tons or 32.77% lower than in
   menjadi sebesar 273,062 ton atau 32.77% lebih rendah               2023. This is due to more efficient use of chemical materials, as
   dibandingkan tahun 2023. Hal ini dikarenakan penggunaan            well as better control process in purchasing chemical materials.
   material chemical yang lebih efisien, serta proses kontrol yang
   lebih baik dalam pembelian material kimia.

   Perseroan terus menjaga penggunaan material kimia dengan           The Company continues to maintain the use of chemical
   terus mempertahankan sistem consignment yang terbilang             materials by maintaining an effective consignment system.
   efektif. Melalui sistem ini, ketika material tersebut tidak        Through this system, when the material is not used in the
   digunakan di Perseroan maka dapat dikembalikan kembali             Company, it can be returned back to the supplier. This is the
   ke pihak supplier. Ini merupakan upaya Perseroan dalam             Company’s effort to reduce the generation of B3 waste from
   mengurangi timbulan limbah B3 dari sumber.                         the source.

   Sementara itu, penggunaan material kertas tahun 2024               Meanwhile, the use of paper material in 2024 has increased
   mengalami peningkatan menjadi sebesar 24,137.71 rim atau           to 24,137.71 reams or increased by 20.60% compared to
   naik 20.60% dibandingkan tahun 2023. Hal ini dikarenakan           2023. This is due to the use of more paper than the previous
   penggunaan kertas yang lebih banyak dibanding tahun                year adjusted to the business needs of the Company. Various
   sebelumnya disesuaikan dengan kebutuhan bisnis dari                initiatives that continue to be carried out from year to year are:
   Perseroan. Berbagai inisiatif yang terus dilakukan dari tahun
   ke tahun yaitu:
   1. Dokumen internal dan eksternal dibuat dalam bentuk soft         1. Internal and external documents are made in soft copy
       copy dengan pengesahan berupa barcode atau e-signature;           with attestation in the form of a barcode or e-signature;
   2. Pembatasan penggunaan printer, dokumen diarahkan dalam          2. Restrictions on the use of printers, documents are directed
       bentuk soft copy;                                                 in the form of soft copies;



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    3. Penggunaan printer log-in system sehingga karyawan dapat         3. The use of a printer log-in system so that employees can
       memilih terlebih dahulu file yang akan dicetak dan dapat            pre-select files to be printed and can cancel printing plans;
       membatalkan rencana pencetakan;
    4. Efisiensi penggunaan kertas dalam aktivitas Perseroan;           4. Efficiency of paper usage in the Company’s activities;
    5. Penggunaan kertas reuse dan cetak bolak-balik untuk              5. Use of reuse paper and back-to-back printing for work
       dokumen kerja;                                                      documents;
    6. Kampanye penghematan kertas melalui stiker yang                  6. Paper saving campaign through stickers attached to printers
       ditempelkan pada mesin printer dan fotocopy.                        and photocopiers.

    EFISIENSI PENGGUNAAN ENERGI                                         EFFICIENT ENERGY USAGE [GRI
    [GRI 302-1, 302-3, 302-4] [OJK F.6, F.7]                            302-1, 302-3, 302-4] [OJK F.6, F.7]

    Perseroan membutuhkan energi listrik dan Bahan Bakar                The Company needs electricity and fuel (BBM) from non-
    Minyak (BBM) yang berasal dari sumber tidak terbarukan untuk        renewable sources. The Company uses electricity from the
    menjalankan kegiatan usahanya. Perseroan menggunakan                State Electricity Company (PLN) to power the operational
    energi listrik yang dihasilkan oleh Perusahaan Listrik Negara       facilities and infrastructures. Meanwhile, BBM is used for
    (PLN) sebagai sumber daya fasilitas, sarana, dan prasarana yang     operational vehicles.
    terdapat di lingkungan operasional. Sedangkan BBM digunakan
    untuk kendaraan operasional.

    Selain menghitung penggunaan energi dalam satuan masing-            In addition to calculating the energy individually, the Company
    masing, Perseroan juga menghitung penggunaan energi yang            also converted the unit into GigaJoule (GJ) with the following
    dikonversikan ke dalam satuan energi GigaJoule (GJ) dengan          values:
    nilai konversi sebagai berikut:
    1. 28.58 liter BBM = 1 GJ Energi                                    1. 28.58 liters of fuel = 1 GJ of Energy
    2. 277.78 kwh listrik = 1 GJ Energi                                 2. 277.78 kwh of electricity = 1 GJ of Energy

    Informasi volume penggunaan energi pada tahun 2024 adalah           Information on the volume of energy usage in 2024 is as follows:
    sebagai berikut:


                                                  Penggunaan Energi Pada Tahun 2024
                                                            Energy Usage in 2024

                                                                                                                 Kenaikan (Penurunan)
            Jenis Material              Satuan                Volume 2024                Volume 2023
                                                                                                                  Increase (Decrease)
            Material Type                Unit                 2024 Volume                2023 Volume
                                                                                                                      2022-2023

     BBM
                               Liter                                   309,807.00                   334,450                         (7.37%)
     Fuel

     Listrik [ESG E-03]
                               Kwh                                     20,532,551                19,453,362                          5.55%
     Electricity

     BBM
                               GJ                                       10,839.99                  11,702.2                         (7.37%)
     Fuel

     Listrik
                               GJ                                        73,916.5                  70,031.5                          5.55%
     Electricity

     Jumlah
                               GJ                                       84,756.49                  81,733.7                          3.70%
     Total

     Pendapatan
                               USD                                    425,058,841               373,206,984                         13.89%
     Revenue

     Intensitas Penggunaan
     Energi                    GJ/USD                                 0.000199398              0.000219002                          (8.95%)
     Energy Usage Intensity




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   Tabel menunjukkan penggunaan energi Perseroan sepanjang           The table shows that the Company’s energy use in 2024
   tahun 2024 bertambah menjadi 84,756.49 GJ atau 3.70%              increased to 84,756.49 GJ or 3.70% higher than the previous
   lebih tinggi dibandingkan tahun sebelumnya. Akan tetapi, ada      year. However, there are several ways to reduce this figure
   beberapa cara untuk menekan angka tersebut dengan cara            by way of Reduction, which is the result of the Company’s
   Pengurangan, yang merupakan hasil dari upaya Perseroan            continuous efforts to reduce energy consumption as follows:
   secara berkelanjutan untuk mengurangi konsumsi energi             [OJK F.12]
   sebagai berikut: [OJK F.12]
   1. Penerapan program Continuous Saving Energy, yaitu              1. Implementation of the Continuous Saving Energy program,
       pengurangan penggunaan energi listrik berupa pemadaman           which is a reduction in the use of electrical energy in the
       lampu kantor pada jam istirahat, pengurangan penggunaan          form of turning off office lights during breaks, reducing the
       AHU setelah office hour (setelah pukul 16.00 WIB).               use of AHU after office hour (after 16.00 WIB).
   2. Penerapan program pemadaman area Perseroan setiap              2. Implementation of the Company’s area blackout program at
       akhir bulan selama 1 jam. Program ini berhasil melakukan         the end of each month for 1 hour. This program succeeded
       efisiensi atau penghematan sebesar total 5,724.9 kWh             in making efficiency or savings of a total of 5,724.9 kWh
       selama tahun 2024.                                               during 2024.
   3. Penerapan solar cell sebagai penghasil energi terbarukan       3. Implementation of solar cells as a renewable energy
       yang terpasang pada Gedung Maintenance Support Facility          producer in a pair of Maintenance Support Facility (MSF)
       (MSF) dan Gedung Ground Support Equipment (GSE).                 and Ground Support Equipment (GSE) buildings. During
       Selama tahun 2024, solar cell ini telah menghasilkan energi      2024, these solar cells have produced 1,268.8 kWh of
       sebesar 1.268,8 kWh.                                             energy.
   4. Pelaksanaan program Walk to Work untuk mengurangi              4. Implementation of Walk to Work program to reduce fuel
       konsumsi BBM.                                                    consumption.
   5. Penggunaan forklift bertenaga baterai untuk area logistic      5. Use of battery-powered forklifts for logistics and warehouse
       dan warehouse.                                                   areas.

   EMISI YANG DIHASILKAN [GRI                                        GENERATED EMISSION [GRI 305-
   305-1, 305-2, 305-4, 305-5] [OJK F.11]                            1, 305-2, 305-4, 305-5] [OJK F.11]

   Emisi Gas Rumah Kaca (GRK) memiliki dampak negatif                Greenhouse Gas (GHG) emissions are detrimental to global
   yang dapat memicu pemanasan global dan perubahan iklim.           warming and climate change. The Company is dedicated to
   Perseroan berkomitmen untuk turut berpartisipasi mengurangi       contribute in reducing emission of carbon dioxide (CO2)
   emisi dengan mengurangi konsentrasi karbondioksida (CO2)          concentrations resulting from electricity and fuel usage.
   karena penggunaan listrik dan BBM.

   Dalam Laporan Keberlanjutan ini, emisi yang dilaporkan            In this Sustainability Report, the disclosed emissions include
   adalah emisi GRK langsung (cakupan 1) yang dihasilkan dari        direct GHG emissions (scope 1) from the use of fuel and indirect
   penggunaan bahan bakar minyak dan emisi GRK (cakupan              GHG emissions (scope 2) from electricity consumption. The
   2) tidak langsung yang bersumber dari penggunaan listrik.         Company has decided not to report other indirect GHG
   Perseroan belum memutuskan untuk melaporkan emisi GRK             emissions (scope 3) related to business travel by airplane. The
   (cakupan 3) tidak langsung lainnya dari perjalanan dinas dengan   GHG emissions from scopes 1 and 2 are dominated by CO2.
   pesawat terbang. Emisi GRK dominan yang dihasilkan dari           The Company utilizes the Intergovernmental Panel on Climate
   cakupan 1 dan 2 adalah CO2. Perseroan menggunakan metode          Change (IPCC) method for calculating scope 1 GHG emissions,
   penghitungan emisi GRK cakupan 1 dari Intergovernmental           employing local emission factors (tier 2) specified by the Energy
   Panel on Climate Change (IPCC) dengan menggunakan faktor          and Mineral Resources Research and Development Agency
   emisi lokal (tier 2) yang telah ditetapkan Badan Penelitian dan   (Balitbang ESDM) and the Directorate General of Electricity
   Pengembangan Energi dan Sumber Daya Mineral (Balitbang            under the Ministry of EMR.
   ESDM) dan Direktorat Jenderal Ketenagalistrikan di bawah
   naungan Kementerian ESDM.

   Dalam melaporkan emisi hasil penggunaan listrik, Perseroan        When reporting emissions from electricity consumption, the
   menggunakan faktor konversi emisi listrik average grid emission   Company adopted the electricity emission conversion factor
   factor yang dikeluarkan Kementerian ESDM pada dokumen             based on the average grid emission factor provided by the
   Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) PLN 2015-         Ministry of Energy and Mineral Resources in the 2015-2024
   2024.                                                             PLN Electricity Procurement Plan (RUPTL) document.

   Perseroan memiliki komitmen untuk mengurangi emisi dan            The Company is committed to reducing emissions and
   mendukung Pemerintah Indonesia dalam mencapai Net Zero            supporting the Indonesian Government in achieving Net
   Emissions (NZE) 2060, namun Perseroan tidak memiliki target       Zero Emissions (NZE) 2060, however, the Company does


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    khusus ataupun tahun pencapaian target internal untuk                              not have specific internal targets or a timeline for reducing
    menurunkan emisi GRK. Selain itu, Perseroan juga tidak memiliki                    GHG emissions. Additionally, the Company does not have a
    manajemen untuk mengawasi pengendalian iklim. Perseroan                            management system to oversee climate control efforts and
    juga belum memiliki target khusus terkait pencapaian target                        has not set specific targets for NZE achievement. Additionally,
    NZE. Selain itu, Perseroan juga tidak memiliki peraturan atau                      there are also no internal regulations or company documents
    dokumen internal perusahaan terkait hal tersebut. [E-06, E-07]                     related to this matter. [E-06, E-07]

    Jumlah Emisi [ESG E-01, E-02]                                                      Total Emission [ESG E-01, E-02]

                                                                                                                                       Kenaikan (Penurunan)
              Uraian                           Satuan                       Volume 2024                     Volume 2023
                                                                                                                                        Increase (Decrease)
            Description                         Unit                        2024 Volume                     2023 Volume
                                                                                                                                            2022-2023

     ENERGI BAHAN BAKAR (CAKUPAN 1)
     FUEL (SCOPE 1)

     BBM
                                     GJ                                                10,839.99                         11,702.2                          (7.37%)
     Fuel

     Emisi BBM
                                     kg CO2eq                                            650,800                         849,580                          (23.39%)
     Fuel Emission

     ENERGI LISTRIK (CAKUPAN 2)
     ELECTRICITY (SCOPE 2)

     Listrik
                                     GJ                                                 73,916.5                         70,031.5                           5.55%
     Electricity

     Emisi Listrik
                                     kg CO2eq                                      19,177,402.6                   18,169,440.11                             5.55%
     Electricity Emission

     Jumlah Emisi Cakupan 1
     &2
                             kg CO2eq                                              19,251,319.1                   19,019,020.11                             1.22%
     Total Emission of Scope
     1&2

     Pendapatan
                                     USD                                            425,058,841                     373,206,984                            13.89%
     Revenue

     Intensitas Penggunaan
                                                                                                                              0,05
     Energi                 kg CO2eq/USD                                                      0,04                                                        (11,13%)
     Energy Usage Intensity
     Catatan:
     Faktor konversi emisi bahan bakar menggunakan standar IPCC (UNEP) 2006 dan Balitbang ESDM 2017
     Faktor konversi:
     • 1 GJ = 0.001 Tj
     • Faktor emisi bahan bakar bensin RON 92 per kg CO2eq = 72,600
     Faktor konversi emisi listrik menggunakan average grid emission factor yang dikeluarkan Kementerian ESDM pada dokumen Rencana Usaha Penyediaan Tenaga
     Listrik (RUPTL) PLN 2015-2024.
     Faktor konversi | Conversion factor:
     1 kWh = 0.934 kg CO2 | 1 kWh = 0,934 kg CO2
     Remarks:
     Conversion factors for fuel emission used the IPCC standard (UNEP) 2006 and Balitbang ESDM 2017
     Conversion factor:
     • 1 GJ = 0.001 Tj
     • Emission factor of fuel type RON 92 every kg CO2eq = 72,600
     Conversion factors for electricity emission used the average grid emission factor specified by the Ministry of Energy and Mineral Resources as issued by PLN in
     its Electricity Procurement Plan (RUPTL) 2015-2024.
     Conversion factor:
     1 kWh = 0,934 kg CO2


    EFISIENSI PENGGUNAAN                                                               EFFICIENT WATER USAGE [GRI 303-5] [OJK F.8]
    AIR [GRI 303-5] [OJK F.8]

    Perseroan membutuhkan air untuk berbagai keperluan                                 The Company needs water to operate and that includes
    operasional mencakup sanitasi karyawan, bangunan kantor,                           sanitation for employees, office buildings, boarding houses, and
    rumah dinas, serta pencucian pesawat dan spare part. Sejak                         clean aircraft and spare parts. From its establishment until the
    awal beroperasi hingga tahun pelaporan, Perseroan tidak                            current reporting year, the Company did not use groundwater
    menggunakan air tanah dan hanya menggunakan sumber air                             and has only been using water from the Regional Drinking
    yang berasal dari Perusahaan Daerah Air Minum (PDAM).                              Water Company (PDAM). Hence, in 2024, there were no reports


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Page 406
   Dengan demikian, pada tahun 2024, tidak terdapat pelaporan          of a Company’s action that had significantly reduced water
   mengenai adanya sumber air yang secara signifikan dipengaruhi       resources.
   oleh pengambilan air oleh GMF.

   Perseroan tetap mengukur volume penggunaan air dengan               The Company continues to measure water use through
   menggunakan metode observasi dan pencatatan angka yang              observation and record the numbers on the flowmeter since
   tertera pada flowmeter karena cara ini dinilai paling akurat.       this is still the most accurate method for the Company. The
   Pencatatan dilakukan dengan melihat angka yang tertera pada         recording is done through calculation between the numbers at
   awal dan akhir bulan untuk dihitung selisih nilainya. Berdasarkan   the beginning and end of the month. Based on these records,
   pencatatan tersebut, volume penggunaan air pada tahun 2024          the water usage in 2024 amounted to 162,439 m3. There was
   adalah sebesar 162,439 m3. Terjadi penurunan 303,845 m3             a decrease of 303,845 m3 or 65.17% compared to 2023 which
   atau 65.17%% dari tahun 2023 dikarenakan penyesuaian                occurred due to an adjustment on the Company’s operational
   kegiatan operasional Perusahaan. [ESG E-04]                         activities. [ESG E-04]

   Perseroan memiliki kebijakan efisiensi penggunaan air yang          The Company has a policy to make water usage more efficient
   diatur dalam Surat Edaran Nomor: DC/SE-7002/18 tentang              through a Circular Letter Number: DC/SE-7002/18 concerning
   Penghematan Energi Listrik dan Air Bersih di Lingkungan             Energy Saving of Electricity and Clean Water. This letter
   Perseroan. Surat ini mewajibkan kepada seluruh karyawan             requires all employees working at the GMF to save water. It is
   di lingkungan GMF agar melakukan upaya penghematan                  a continuous effort to save water and particularly in 2024 the
   penggunaan air dalam setiap kegiatannya. Upaya penghematan          Company’s did the water-saving campaign through stickers on
   air merupakan upaya berkelanjutan dari tahun ke tahun dan           sinks, toilets, and taps.
   khusus pada tahun 2024, upaya yang telah dilakukan adalah
   kampanye penghematan air melalui stiker hemat air yang
   ditempelkan pada wastafel, toilet dan keran wudu musala.

   PENGELOLAAN LIMBAH [OJK F.14]                                       WASTE MANAGEMENT [OJK F.14]

   Aktivitas operasional Perseroan menghasilkan limbah, baik           The Company’s operation generates liquid and solid waste,
   cair maupun padat, B3 maupun non-B3. Perseroan mengelola            as well as B3 and non-B3 waste. The Company manages its
   limbah operasional untuk mencegah terjadinya pencemaran             waste to prevent pollution and not damaging the environment.
   dan kerusakan lingkungan. Komitmen ini telah diwujudkan             This is commitment that the Company has set out in a Health,
   khususnya melalui kebijakan khusus Health, Safety and               Safety and Environment policy that the President Director
   Environment yang telah ditandatangani langsung oleh                 has signed on June 1, 2017. The Company also has HSE 5-02
   Direktur Utama pada tanggal 1 Juni 2017. Perseroan juga             Procedure concerning the Hazardous and Toxic Waste (B3)
   mempunyai Prosedur HSE 5-02 tentang Pengelolaan Limbah              Management based on the Government Regulation No. 101
   Bahan Berbahaya dan Beracun (B3) yang disusun berdasarkan           concerning Hazardous Waste Management and other applicable
   Peraturan Pemerintah No. 101 tentang Pengelolaan Limbah             B3 regulations in Indonesia. [306-1]
   B3 dan regulasi lainnya terkait pengelolaan limbah B3 yang
   berlaku di Indonesia. [306-1]

   Perseroan mengelola limbah non-B3 yang terdiri dari kertas          The Company manages its non-B3 waste, comprised of
   tidak terpakai dan grey water berupa air kotor berdasarkan          unused paper and dirty water, according to the Ministry of
   Ketentuan Kementerian Lingkungan Hidup (KLH) dan standar            Environment (KLH) regulation and industry standards to protect
   industri terkait agar tidak menimbulkan dampak negatif              the environment. The Company manages its paper waste using
   terhadap lingkungan. Perseroan mengelola limbah kertas              the reuse and reduce method, while gray water waste from
   menggunakan metode reuse and reduce, sedangkan limbah               domestic waste that came from dishwashing, toilets, etc, is
   grey water dari limbah domestik seperti air cucian piring,          channeled to Angkasa Pura II’s STP (Sewage Water Treatment).
   flushing toilet, dan sebagainya disalurkan ke STP (Sewage           The Company also uses composting methods to turn leaves into
   Water Treatment) Angkasa Pura II. Perseroan juga menerapkan         compost. This is an effective method to reduce the volume of
   cara composting untuk mengelola sampah organik berupa               organic waste to be burned at the Final Processing Site (TPA),
   dedaunan menjadi pupuk kompos. Cara ini terbilang efektif           hence reducing CH4 gas coming from the burning. [306-1]
   untuk mengurangi timbunan sampah organik yang diangkut
   ke Tempat Pemrosesan Akhir (TPA) untuk dibakar sehingga
   mengurangi gas CH4 hasil pembakaran sampah. [306-1]




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    Informasi volume limbah yang dihasilkan pada tahun 2024           Information on the waste volume generated in 2024 is as
    adalah sebagai berikut: [F.13]                                    follows: [F.13]


                                                                                                              Kenaikan (Penurunan)
            Jenis Limbah              Satuan               Volume 2024               Volume 2023
                                                                                                               Increase (Decrease)
             Waste Type                Unit                2024 Volume               2023 Volume
                                                                                                                   2023-2024

     Limbah B3
                                Ton                                   286.14                     221.89                            28.96%
     Hazardous waste

     Limbah non-B3
                                Ton                                   850.28                     751.74                            13.11%
     Non-hazardous waste

     Jumlah [ESG E-05]
                                Ton                                  1,136.42                    973,63                            16.72%
     Total [ESG E-05]


    Pengelolaan penggunaan material kimia melalui sistem              The chemical materials are managed through a consignment
    consignment seperti yang telah dijelaskan sebelumnya turut        system, as discussed earlier, to maintain the volume of hazardous
    membantu menjaga tingkat volume limbah berbahaya yang             waste from operational activities. One of them is Turco Oil.
    dihasilkan dari aktivitas operasional. Salah satunya adalah       In managing hazardous waste, GMF refers to Government
    pada Turco Oil. Dalam mengelola limbah B3, GMF mengacu            Regulation No. 22 of 2021 concerning Environmental Protection
    pada Peraturan Pemerintah No. 22 Tahun 2021 tentang               and Management from the packaging, storage, transportation,
    Penyelenggaraan Perlindungan dan Pengelolaan Lingkungan           and processing which are all done by a business entity that has
    Hidup tersebut dilakukan dari mulai proses pengemasan,            a license from KLH and the Ministry of Transportation of the
    penyimpanan, hingga pengangkutan dan pengolahan oleh              Republic of Indonesia. [306-2]
    badan usaha yang memiliki izin dari KLH dan Departemen
    Perhubungan RI. [306-2]

    Berikut disampaikan informasi mengenai volume dan metode          Here is information on the volume and management method
    pengelolaan limbah B3: [306-5]                                    of handling hazardous waste: [306-5]


                                                                                                                 Volume Limbah B3*
        Nama Limbah B3          Tempat Pengolahan        Metode Pengelolaan            Tujuan Akhir
                                                                                                                  Hazardous Waste
      Hazardous Waste Type        Handling Site           Handling Method              Final Disposal
                                                                                                                      Volume

     Limbah B3 Padat
     Solid Hazardous Waste

     Majun & plastik
     terkontaminasi B3
     Dust cloth & plastic                                                                                                          68,160
     contaminated with
     hazardous waste

     Bekas kemasan B3
     Used container of                                                                                                             19,540
                                                     Mixing dan pencacahan
     hazardous waste
                                                     limbah dan dikirimkan
                             PT Wahana Pamunah                                    PT Wahana Pamunah
     Paint stripper                                  untuk diinsinerasi (dibakar)                                                  12,150
                             Limbah Industri (WPLI),                              Limbah Industri (WPLI),
                                                     Wastes are mixed and
                             Serang                                               Serang
     B3 padat kadaluarsa                             grined before sent for
     Expired solid hazardous                         incineration                                                                  21,390
     waste


     B3 cair kadaluarsa
     Expired liquid hazardous                                                                                                      31,050
     waste


     Kaleng B3 bekas                                                                                                               19,850

     AluminiumOxide                                                                                                                16,850




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                                                                                                          Volume Limbah B3*
      Nama Limbah B3             Tempat Pengolahan      Metode Pengelolaan         Tujuan Akhir
                                                                                                           Hazardous Waste
    Hazardous Waste Type           Handling Site         Handling Method           Final Disposal
                                                                                                               Volume

    Baterai bekas
                                                                                                                           6,120
    Used battery
                               PT Muhtomas, Cikarang                          PT Muhtomas, Cikarang
    Lampu TL
                                                                                                                           1,060
    TL Lamps

    Limbah B3 Cair
    Liquid Hazardous Waste

                                                  Recycle menjadi solar
    Bahan bakar terkontaminasi
                                                  industri dan dimanfaatkan
    (avtur & oli)              PT Angkasa Tunggal                           Pelanggan
                                                  kembali                                                                 89,970
    Contaminated fuel (avtur Selaras Nugratama                              Customers
                                                  Recycled into industrial
    & oil)
                                                  diesel and reuse
    *satuan dalam kg | in kg



   PEMANTAUAN DAMPAK LINGKUNGAN                                    ENVIRONMENTAL IMPACT MONITORING

   Perseroan memiliki Prosedur HSE 6-01 tentang Pemantauan         The Company has an HSE 6-01 Procedure concerning
   dan Pengukuran Kinerja K3L dimana terdapat indikator            Monitoring and Measurement of K3L Performance with
   lingkungan yang wajib dipantau dan dilaporkan secara periodik   environmental indicators that must be monitored and reported
   melalui Laporan RKL-RPL GMF per enam bulan yaitu:               periodically through the GMF RKL-RPL Report every six months,
                                                                   namely:
   1. Indikator lingkungan yang dipantau per bulan:                1. Monthly environmental indicators:
      a. Influen dan effluent air limbah industri                      a. Industrial wastewater influent and effluent
      b. Limbah cair domestik                                          b. Domestic liquid waste
   2. Indikator lingkungan yang dipantau per enam bulan:           2. Biannually environmental indicators:
      a. Udara lingkungan kerja                                        a. Work environment’s air quality
      b. Udara ambien                                                  b. Ambient air
      c. Kebisingan                                                    c. Noise
      d. Pencahayaan                                                   d. Lighting
      e. Emisi boiler                                                  e. Boiler emissions
      f. Emisi isokinetik                                              f. Isokinetic emission
      g. Mikrobiologi (angka kuman)                                    g. Microbiology (germs figure)
   3. Indikator lingkungan yang dipantau per satu tahun:           3. Annual environmental indicators:
      a. Getaran                                                       a. Vibration
      b. Iklim kerja                                                   b. Work climate
      c. Emisi kendaraan bermotor                                      c. Vehicle emissions
      d. Ergonomi                                                      d. Ergonomics

   KEANEKARAGAMAN HAYATI [OJK F.9, F.10]                           BIODIVERSITY [OJK F.9, F.10]

   Perseroan tidak memiliki wilayah operasional, yang terletak     The Company does not have operational areas located or
   atau berdekatan dengan kawasan dilindungi dan/atau kawasan      adjacent to protected areas and/or biodiversity conservation
   konservasi keanekaragaman hayati. Akan tetapi, Perseroan        areas. Nonetheless, the Company conducted a regular and
   melaksanakan program penghijauan secara rutin dan               continuous reforestation program to preserve the environment
   berkesinambungan untuk membantu melestarikan lingkungan         and reduce the global warming impact. By the end of 2024,
   hidup dan mengurangi dampak pemanasan global. Pada akhir        GMF has 825 trees of many varieties planted with the following
   tahun 2024, GMF telah memiliki 825 pohon dalam beragam          information:
   varietas dengan informasi sebagai berikut:




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                                             Nama Pohon                                                      Jumlah
       No.
                                              Tree Name                                                       Total

        1.    Kiara Payung                                                                                      53

       2.     Bungur                                                                                            32

       3.     Tabebuya                                                                                          21

       4.     Angsana                                                                                           24

       5.     Sengon                                                                                            14

       6.     Tanjung                                                                                           53

       7.     Sawo kecik                                                                                        22

       8.     Palem                                                                                             65

       9.     Pule                                                                                              29

       10.    Jakaranda                                                                                          8

       11.    Ketapang Kencana                                                                                  16

       12.    Bintaro                                                                                           49

       13.    Mangga                                                                                            18

       14.    Kelapa                                                                                            28

       15.    Salam                                                                                             94

       16.    Sawo Belanda                                                                                       2

       17.    Glodokan Tiang                                                                                    65

       18.    Beringin                                                                                           2

       19.    Kamboja                                                                                           54

       20.    Flamboyan                                                                                         12

       21.    Jambu                                                                                             12

       22.    Nangka                                                                                            12

       23.    Mahoni                                                                                            126

       24.    Bisbul                                                                                             9

       25.    Pinus                                                                                              5

              Jumlah
                                                                                                                825
              Total


    BIAYA TERKAIT PENGELOLAAN ASPEK                             COST ON ENVIRONMENTAL
    LINGKUNGAN HIDUP [OJK F.4]                                  MANAGEMENT [OJK F.4]

    Biaya yang dikeluarkan Perseroan untuk mengelola aspek      The Company spent Rp8.52 billion to manage the environmental
    lingkungan hidup pada tahun 2024 berjumlah Rp8.52 miliar.   aspects in 2024. This represents a decrease of -22.06%
    Terjadi penurunan sebesar -22.06% dibandingkan tahun        compared to the previous year. This decrease occurred because
    sebelumnya. Hal ini terjadi karena penyesuaian kegiatan     there was an adjustment in the Company’s operational activities.
    operasional Perseroan. Selain itu, penurunan ini juga       Additionally, this decrease aligns with the implementation
    disesuaikan dengan pelaksanaan program lingkungan yang      of environmental programs based on the results of the
    disusun berdasarkan hasil Identifikasi Aspek dan Dampak     Identification of Environmental Aspects and Impacts to minimize
    Lingkungan untuk memperkecil dampak lingkungan dari         the environmental impact of the Company’s activities.
    aktivitas Perseroan.




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                                                                                                        Kenaikan
                                                                                                                         Penyerapan
                                                                                                      (Penurunan)
                                   Realisasi 2024       Realisasi 2023         Anggaran 2024                            Anggaran 2023
             Perihal                                                                                   2023-2024
                                  2024 Realization     2023 Realization         2024 Budget                              2023 Budget
             Subject                                                                                    Increase
                                        (Rp)                 (Rp)                  (Rp)                                   Absorption
                                                                                                       (Decrease)
                                                                                                                             (%)
                                                                                                     2023-2024 (%)

    Pengelolaan Lingkungan
    Environmental                     8,337,455,940       10,824,739,172           7,255,184,000            (22.98%)            114.91%
    Preservation

    Pemantauan Lingkungan
                                                                                     110,000,000
    Environmental                       119,250,000          105,094,000                                    (13.47%)            108.41%
    Monitoring

    Pelatihan, Sosialisasi, dan
    Sertifikasi Lingkungan
    Training, Socialization,             68,847,888             8,000,000             55,888,888           (760.59%)            123.19%
    and Environmental
    Certification

    Jumlah
                                      8,525,553,828       10,937,833,927           7,421,072,888            (22.06%)            114.88%
    Total



   PENCAPAIAN TANGGUNG JAWAB SOSIAL                                       ACHIEVEMENT ON SOCIAL
   TERKAIT LINGKUNGAN HIDUP [OJK F.15, F.16]                              RESPONSIBILITY TO THE
                                                                          ENVIRONMENT [OJK F.15, F.16]

   Perseroan memiliki sejumlah pencapaian di bidang lingkungan            The Company earned several environmental achievements
   hidup, salah satunya adalah sertifikasi ISO 14001:2015 –               including the ISO 14001:2015 –Environmental Management
   Environmental Management System yang dikeluarkan oleh                  System certification issued by Sucofindo International
   Sucofindo International Certification Services (SICS). Sertifikasi     Certification Services (SICS). This certification was issued on
   ini dikeluarkan tanggal 4 April 2018 telah diperbaharui pada           April 4, 2018, and has been renewed on September 13, 2024,
   tanggal 13 September 2024 dan berlaku hingga 3 April 2027.             hence, valid until April 3, 2027

   Selain sertifikasi, pengelolaan aspek lingkungan hidup yang            In addition to certification, the environmental management is
   sesuai dengan peraturan yang berlaku membawa Perseroan                 also done according to the applicable regulations and succeeded
   melalui tahun 2024 tanpa terkena denda ataupun sanksi lainnya          in helping the Company to pass 2024 without getting fined or
   yang berkaitan dengan pencemaran atau kerusakan lingkungan             sanctioned for environmental pollution or damage that was
   akibat aktivitas operasional GMF. Selain itu, pada tahun 2024,         caused by the Company’s operation. In addition, in 2024, there
   tidak terdapat keluhan dari masyarakat sekitar Perseroan               was no complaint in terms of environmental damage or pollution
   terkait pencemaran atau kerusakan lingkungan.                          from the community around the Company.




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                              Menghargai dan Melindungi Pegawai
                                      Appreciation and Protection of Our Employees


    PENGUNGKAPAN MANAJEMEN                                              DISCLOSURE OF MATERIAL
    TOPIK MATERIAL [GRI 3-3]                                            TOPIC MANAGEMENT [GRI 3-3]

    Perjalanan GMF untuk terus bertumbuh, tidak terlepas                GMF’s journey to continued growth is inseparable from the role
    dari peran pegawai. Hubungan antara Perseroan dengan                of its employees. The relationship between the Company and its
    para pegawai saling berkaitan dan tidak dapat dipisahkan.           employees is interconnected and essential. This understanding
    Pemahaman ini membuat kami selalu menghargai dan                    leads us to consistently value and protect employees as more
    melindungi pegawai lebih dari sekedar aset produktif, namun         than just productive assets; they are trusted partners who
    mitra terpercaya yang selalu dilindungi. Perseroan senantiasa       deserve protection. The Company always prioritizes the rights
    mengutamakan hak-hak setiap pegawai, memperhatikan                  of every employee, attends to their welfare, and, above all,
    kesejahteraan mereka, dan terutama, memastikan mereka dapat         ensures they have opportunities for self-actualization, enabling
    mengaktualisasi diri untuk dapat berkembang dan mendapatkan         them to develop and lead better lives.
    kehidupan lebih baik.

    Perhatian Perseroan terhadap keselamatan dan kesehatan              The Company’s concern for occupational safety and health
    kerja (K3) diwujudkan dengan Sistem Manajemen Kesehatan             (K3 or OHS) is manifested by an Occupational Health and
    dan Keselamatan Kerja yang bernama Health, Safety and               Safety Management System called Health, Safety and
    Environment Policy (HSE Policy). Sistem ini tertuang dalam          Environment Policy (HSE Policy). This system is set out in the
    Manual Occupational Safety and Health yang didukung                 Occupational Safety and Health Manual which is supported by
    dengan sejumlah prosedur terkait K3 dan formulir penunjang          other procedures and supporting forms related to OHS. The
    lainnya. Kebijakan K3 yang dimiliki Perseroan difokuskan            Company’s K3 policy is focused to support HR management
    untuk mendukung pengelolaan SDM untuk menciptakan                   to train employees into qualified, committed, and outstanding
    karyawan yang berkualifikasi, berkomitmen, dan luar biasa.          personnel. OHS is intended to prevent work accidents that are
    K3 dimaksudkan untuk mencegah terjadinya kecelakaan kerja           quite likely to occur in the MRO industry of GMF. [GRI 403-1]
    yang cukup rentan terjadi di industri MRO yang dijalani GMF.        [OJK F.21]
    [GRI 403-1] [OJK F.21]

    FOKUS PENGELOLAAN SDM TAHUN 2024                                    HR MANGEMENT FOCUS IN 2024

    GMF memiliki Visi "Most Valuable MRO Company”. SDM memiliki         GMF has a vision to become the “Most Valuable MRO Company.”
    peran penting dalam mencapi Visi agar dapat selalu menjadi bagian   Human resources play a crucial role in realizing this vision, as
    dari mata rantai kualitas operasional dalam menyediakan solusi      they are integral to the operational quality chain in delivering
    perawatan pesawat terbang yang terpadu dan handal.                  integrated and reliable aircraft maintenance solutions.

    Dalam perjalanan GMF setiap tahunnya terdapat tantangan dan         Each year, GMF encounters challenges and opportunities that
    peluang yang membentuk strategi pengelolaan SDM. Salah satu         shape its HC management strategies. A pivotal moment in HR
    titik balik dari perkembangan SDM adalah pada tahun 2016 saat       development occurred in 2016 when GMF implemented the
    GMF mengaplikasikan Program “MyHC” yang mengintegrasikan            “MyHC” Program, integrating various other HR programs within
    berbagai program SDM lainnya di Perseroan. Berawal dari tahun       the Company. Since then, the development of GMF’s Human
    2016, perkembangan roadmap Human Capital Strategy GMF               Capital Strategy roadmap has undergone various advancements
    mengalami berbagai perkembangan dan pada 2024 adalah                and by the end of the reporting year in 2024, the development
    sebagai berikut:                                                    is as follows:

    Perkembangan SDM Tahun 2024                                         HR Development in 2024
    •   Memberikan penghargaan: Special Recognition,                    •   Providing awards: Special Recognition, Productivity License
        Productivity Lisensi PMA, Component Maintenance sebagai             PMA, and Component Maintenance as part of the attraction
        bagian attraction & retention program.                              & retention program.
    •   Melakukan penyesuaian: tunjangan perjalanan dinas,              •   Adjusting: travel allowance and benefits for Airline
        manfaat Tiket Konsesi Pesawat Udara kepada pegawai                  Concession Tickets for employees and their families.
        dan keluarga.


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   •     Memberikan kembali manfaat: seragam, Special Greetings              •   Reintroducing benefits: uniforms, Special Greetings (Baby
         (Baby Born Greetings), pemberian kacamata, Daycare,                     Born Greetings), eyewear assistance, daycare, Long Service
         Penghargaan Masa Bakti karyawan, Medical Check-up.                      Awards, and Medical Check-ups.
   •     Memberikan harga khusus BPJS kepada anggota keluarga                •   Offering special BPJS rates for employees’ family members.
         pegawai.
   •     Membangun “ GMF Spirit ” sebagai kalimat afirmasi                   •   Building the “GMF Spirit” as an affirmation statement
         pelengkap dari AKHLAK.                                                  complementing AKHLAK values.
   •     Merancang dan menerapkan platform teknologi: NEX                    •   Designing and implementing technology platforms: NEX
         sebagai media knowledge management bagi seluruh                         as a knowledge management platform for all employees,
         karyawan, sistem CV Auto Generated di aplikasi myHC,                    Auto-Generated CV system in the myHC application, and
         digitalisasi Succession Planning Program melalui                        digitalizing the Succession Planning Program through the
         pengembangan sistem MyHC.                                               development of the MyHC system.
   •     Mengadakan acara GMF Olympic sebagai ajang kompetisi                •   Hosting the GMF Olympic event, a sports competition
         olahraga untuk meningkatkan nilai kompeten dan                          to enhance competence and collaboration values among
         kolaboratif bagi seluruh karyawan.                                      employees.
   •     Melakukan review dan update terbaru nomor PB 06-016                 •   Reviewing and updating PB 06-016 regarding Bereavement
         tentang Pengelolaan Kedukaan.                                           Management.
   •     Melaksanakan pelatihan: jenis pesawat Airbus A320 dan               •   Conducting training: Airbus A320 and A330-Neo aircraft
         A330-Neo melalui Airbus Remote Training Center; Satellite               types through the Airbus Remote Training Center; Satellite
         Basic Training di Politeknik Negeri Malang (Polinema),                  Basic Training at Politeknik Negeri Malang (Polinema),
         Institut Teknologi Dirgantara Adisutjipto (ITDA) dan                    Institut Teknologi Dirgantara Adisutjipto (ITDA), and
         Universitas Dirgantara Marsekal Suryadarma (Unsurya),                   Universitas Dirgantara Marsekal Suryadarma (Unsurya),
         program pengembangan kepemimpinan bagi pegawai                          and a leadership development program for structural
         struktural.                                                             employees.
   •     Melakukan perekrutan: Rookie Development Program                    •   Recruiting: Rookie Development Program to attract fresh
         untuk menjaring lulusan S1 untuk area kerja di Engineering.             graduates (Bachelor’s degree holders) for Engineering roles.
   •     Reaktivasi program mentoring yang melibatkan pegawai                •   Reactivating the mentoring program, involving employees
         yang aktif kembali setelah memasuki masa purnabakti.                    returning to active duty after retirement.

   STRUKTUR PENGELOLA SDM                                                    HC MANAGEMENT STRUCTURE


                                Struktur Departemen dan Tugas Pokok Human Capital Management GMF
                                        GMF Human Capital Management Department Structure & Main Duties

    Plays as a Strategic Partner for the Company

    •     Human Capital Development
    •     Employee Services & Payroll
    •     Corporate Culture & Knowledge Management
    •     Leader & Talent Development
    •     Learning Services
    •     Compensation & Benefit Management




                                                   71
                                                   personil dalam tim | personnel in the team




                                                   6
                                                   divisi yang menangani tugas berbeda | divisions handling different tasks




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                                                                      Human Capital
                                                                     Management (TH)




      Corporate Culture &amp;
                                Performance & Reward     Human Capital           Leader &amp; Talen   Employee Services & Payroll
      Knowladge Management                                                                                                             Learning Services (THW)
                                       (THC)           Development (THD)         Development (THL)              (THS)
              (THB)




                                                                                                          Employee Data Quality
                                                                                                                                             Quality Training
                                                                                                               & Services




                                                                                                                                           Basic Maintenance
                                                                                                            Travel Management
                                                                                                                                                Training




                                                                                                                                          Aircraft & Component
                                                                                                            Industrial Relation
                                                                                                                                              Type Training




                                                                                                           Employee Services &
                                                                                                             Payroll (THS)




    GMF memiliki Departemen Human Capital Management yang                      GMF has a Human Capital Management Department that is
    bertanggung jawab mengelola SDM Perseroan. Departemen ini                  responsible for managing the Company’s HC. This department
    dipimpin oleh seorang VP Human Capital Management yang                     is led by a VP Human Capital Management who reports directly
    bertanggung jawab langsung kepada Direktur Human Capital &                 to the Director of Human Capital & Corporate Affairs. The
    Corporate Affairs. VP Human Capital Management dijabat oleh                VP Human Capital Management is Mr. Eldira Umar Ali Zain.
    Bapak Eldira Umar Ali Zain. Sedangkan Direktur Human Capital               Meanwhile, the Director of Human Capital & Corporate Affairs
    & Corporate Affairs dijabat oleh Bapak Pudjo Sarwoko. Profil               is Mr. Pudjo Sarwoko. Their profiles are available in the Profiles
    mereka dapat dilihat di Profil Direksi dan Pejabat Eksekutif               of Board of Directors and Executive Officers in the Company
    dalam Bab Profil Perusahaan dalam Laporan Terintegrasi ini.                Profile Chapter of this Integrated Report.

    STRATEGI MANAJEMEN SDM                                                     HC MANAGEMENT STRATEGY

    GMF memastikan adanya hubungan yang erat antara strategi                   GMF ensures there is a strong relations between HR
    manajemen SDM dan strategi manajemen bisnis yang terdapat                  management strategies and business management strategies
    pada Rencana Kerja Perusahaan (RKAP) pada tahun 2024                       outlined in the 2024 Company’s Work Plan (RKAP) and the
    maupun Rencana Jangka Panjang Perusahaan (RJPP) 2020-                      2020-2024 Company’s Long-Term Plan (RJPP), currently in
    2024 yang saat ini berlaku. Strategi manajemen SDM yang                    effect. A well-aligned HR management strategy will support
    tepat akan mendukung perkembangan usaha secara maksimal                    optimal business development towards future sustainability.
    menuju keberlanjutan usaha di masa mendatang.

    GMF memiliki 6 (enam) tahapan people cycle yang menjadi                    GMF follows 6 (six) stages of the people cycle as the basis
    landasan dalam pengelolaan SDM. Landasan ini terbukti efektif              for HR management. This foundational approach has proven
    untuk menjaga kapabilitas SDM dan akan terus digunakan                     effective in maintaining HR capabilities and will continue to
    karena kesesuaiannya dengan kondisi yang saat ini dihadapi                 be utilized due to its suitability to the current conditions faced
    GMF. Keenam landasan tersebut adalah Attracting, Utilizing,                by GMF. These six stages are Attracting, Utilizing, Developing,
    Developing, Rewarding, Maintaining, Terminating. Setiap tahap              Rewarding, Maintaining, and Terminating. Each stage of the
    dari landasan diimplementasikan dengan pelayanan berbudaya                 foundation is implemented with the 3S (Smile, Speed, Solution)
    kerja 3S (Smile, Speed, Solution), pemanfaatan teknologi                   work culture services, utilization of information technology,
    informasi, peningkatan kualitas, serta Performance Security                quality improvement, and Performance Security, including
    termasuk Security Device.                                                  Security Devices.




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                                                                     Corporate Culture Management




      Attracting                            Utilizing                Developing                    Rewarding                    Maintaining                             Terminating

                                                                                                                               •     Career
    Benefit non-finansial
                                                                     •   Personalized                                          •     Management
   untuk mempertahankan                                                                        •   Reward Strategy                                                     •     Pension & Benefit
                                                                         Development                                           •     Succession
     daya tarik terhadap                                                                           (Base pay &                                                         •     Program Masa
                                    •     Manpower Planning              Program                                                     Planning (Talent
            GMF                                                                                    Contingent Pay)                                                           Persiapan Pensiun
                                    •     Multirole Program          •   Leader                                                      pool, Successor
   Non-financial benefit so                                                                    •   Pension and                                                         •     Retirement
                                                                         Development                                                 Readiness)
    that GMF will remain                                                                       •   Benefit                                                                   Planning Program
                                                                     •   Training Center                                       •     Employee
          attractive
                                                                                                                                     Effectiveness




                                                     )Human Capital Information System (SAP HCM Module


   SISTEM INFORMASI HUMAN CAPITAL                                                              HUMAN CAPITAL INFORMATION SYSTEM


                                                                                                              TIME MANAGEMENT
                    PERFORMANCE MANAGEMENT &                                                                  Work Schedule | Leave | Attendance
                             GOAL MANAGEMENT
                         IPP | IPT | IDP | IDAP | Potential Review

                                                                                                                            PAYROL
                                                                                                                            Payslip | Payroll Information
                                    SUCCESSION
                              RTC | Succession Chart |                              TALENT
                                    Assessment Result                             MANAGEMENT
                                                                                                                                   BENEFIT
                                                                                                                                   Ticket Concession | Mobile Reimbursement |
                                                                                                                                   Project Management Payment | Eyeglass
                                                                                                                                   Reimbursement | Special Greetings | Eazy X-
                                                                                                                                   Perience | Form Railink | Form Daycare
                    PROJECT MANAGEMENT
                       Project Monthly Achievement
                                                                                                                            EMPLOYEE DATA UPDATE & REPORT
                                                                                                                            Update Akte Kelahiran | Update Personal Data |
                                                                                                                            Update Pendidikan | Laporan Pernikahan |
                                                                                                                            Laporan Kelahiran | Laporan Perceraian |
                                                                                                                            Laporan Kematian | Laporan Perubahan
                                           COMPENSATION                                                                     Status Anak
                                           Short Term Incentive |
                                           Long Term Incentive |
                                        Bonuses | Flexible Benefit                                             CHAT BOT
                                                                                                              Bridging FAQ MS Team




   GMF menerapkan Human Capital Information System (HCIS)                                      GMF implements a Human Capital Information System (HCIS)
   untuk membantu mengelola Departemen Human Capital                                           to help the Human Capital Management Department manages
   Management mengelola SDM. HCIS berfungsi sebagai strategic                                  the HC operation. HCIS functions as a strategic business
   business partnership untuk mendukung daily operation dalam                                  partner to support daily operations, particularly in maintaining
   rangka menjaga produktivitas melalui pengelolaan manpower                                   productivity through manpower optimization and manhour
   optimization dan manhour efficiency. HCIS (MyHC) telah                                      efficiency. HCIS (MyHC) has been running since 2022, featuring
   berjalan sejak tahun 2022 dengan menampilkan fitur - fitur                                  features such as a new landing page, talent management, and
   seperti new landing page, talent management, booklet benefit                                benefit booklets.
   dan KM Portal.

   Perseroan menggunakan sistem HCIS secara menyeluruh dan                                     The Company utilizes the fully integrated HCIS system on
   terintegrasi dengan dukungan aplikasi teknologi modern –                                    all operational aspects, supported by advanced technology
   mobile, user experience, social collaboration, analytics untuk                              – mobile, user experience, social collaboration, analytics. The
   mendukung pengelolaan SDM. Prinsip perkembangan HCIS                                        principles of HCIS development are guided by:
   berpedoman pada:
   1. Performance Management : Streamline Talent Management                                    1. Performance Management : Streamline Talent Management
       by myHC                                                                                    by myHC



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    2. Transaction Excellent: Streamline Core HR and Employee            2. Transaction Excellent: Streamline Core HR and Employee
       Services by SAP HCM & myHC MobileApps                                Services by SAP HCM & myHC MobileApps
    3. Support SAP Swift MRO: Streamline Capacity Planning               3. Support SAP Swift MRO: Streamline Capacity Planning
       & PEU                                                                & PEU

    Perkembangan HCIS memberikan sejumlah manfaat untuk                  Updating HCIS offers numerous benefits to support GMF in
    mendukung GMF mengambil keputusan yang cepat dan tepat               making quick and appropriate decisions for developing human
    dalam mengembangkan SDM secara transparan dan obyektif.              resources in a transparent and objective manner. Utilizing
    SAP SuccessFactor dan myHC membantu GMF menjaga kualitas             SAP SuccessFactor and myHC helps GMF maintain the quality
    database pegawai (sharing responsibility). Aplikasi ini juga dapat   of the employee database through shared responsibility.
    mengurangi pekerjaan administrasi sehingga para leader dapat         Additionally, this application streamlines administrative tasks,
    lebih fokus memberikan konsultasi dan mengawal pelaksanaan           enabling leaders to focus more on providing consultations and
    strategi Human Capital (empowerment).                                overseeing the implementation of Human Capital strategies
                                                                         for empowerment.

    Pada tahun 2024, Perseroan terus meningkatkan kapasitas              In 2024, the Company has always increased the HCIS according
    HCIS sesuai dengan perkembangan dan tantangan industri               to the industry developments and challenges with new feature:
    dengan fitur baru yaitu:
    1. Transaction Excellence: Tiket Konsesi, Kacamata dengan            1. Transaction Excellence : Concession Tickets, Glasses with
       Skema Cashless, CV Pegawai.                                          Cashless Schemes, Employee CVs.
    2. Talent Management: Individual Development Plan,                   2. Talent Management : Individual Development Plan,
       Individual Development Acceleration Plan.                            Individual Development Acceleration Plan.
    3. Compensation: Annual Increment, Incentive                         3. Compensation : Annual Increment, Incentive.

    REKRUTMEN [GRI 401-1]                                                RECRUITMENT [GRI 401-1]

                                                       Metode Perekrutan Karyawan
                                                         Employee Recruitment Methods



                                                             Karyawan GMF
                                                               GMF Employees



                                          Rekrutmen Internal                Rekrutmen Eksternal
                                           Internal Recruitment              External Recruitment


                                          Mutasi           Promosi          Make              Buy
                                         Mutation         Promotion         Make              Buy




    Secara spesifik, sepanjang tahun 2024, GMF melakukan                 Throughout 2024, GMF specifically carried out employee
    perekrutan karyawan guna memenuhi MPP (Manpower                      recruitment to fulfill Manpower Planning (MPP) through several
    Planning) melalui beberapa cara.                                     approaches.

    Berdasarkan pemetaan MPP, selanjutnya ditindaklanjuti dengan         Based on MPP mapping, the next step was to fulfill workforce
    melakukan pemenuhan kebutuhan dari internal perusahaan               needs internally first. As part of career development,
    terlebih dahulu. Sebagai salah satu bentuk pengembangan              employees with the appropriate capabilities could undergo
    karir, karyawan yang memiliki kapabilitas yang sesuai dapat          cross-department transfers to support the Company’s business
    melakukan mutasi lintas dinas sehingga dapat mendukung               targets. In addition to transfers, employees who demonstrated
    pemenuhan target bisnis Perseroan. Selain melakukan                  outstanding performance and met the requirements for
    mutasi, karyawan yang menunjukkan performa kerja terbaik             higher positions were given the opportunity for promotion to
    serta memenuhi persyaratan jabatan yang lebih tinggi diberi          contribute more actively to the Company.
    kesempatan untuk promosi agar bisa memberikan kontribusi
    lebih aktif di dalam Perseroan.




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   Selain melakukan promosi serta mutasi karyawan, cara lain yang    In addition to promotions and employee transfers, GMF
   dilakukan GMF guna memenuhi MPP yaitu dengan melakukan            also conducted external recruitment to fulfill MPP. In 2024,
   rekrutmen eksternal. Pada tahun 2024, proses rekrutmen yang       recruitment was carried out through make and/or buy
   dilakukan dengan melakukan make dan/atau buy.                     approaches.

   Rekrutmen make dilakukan dengan memilih kandidat fresh            The make recruitment approach involved selecting fresh
   graduate dari lulusan D3, dan Perguruan Tinggi. Setelah           graduates from D3 and university programs. Once hired, they
   diangkat, nantinya mereka akan mengikuti berbagai tahap           would undergo various development stages according to
   pengembangan sesuai dengan ketentuan. GMF bekerja sama            company policies. GMF collaborated with several institutions
   dengan sejumlah institusi untuk mendapatkan kandidat terbaik.     to acquire the best candidates. Through the make recruitment
   Melalui rekrutmen make, GMF bertujuan untuk mencetak              approach, GMF aimed to develop technicians, engineers,
   teknisi, engineer, planner, dan inspector.                        planners, and inspectors.

   Rekrutmen buy lebih difokuskan kepada kandidat profesional/       The buy recruitment approach focused on professional/
   ahli yang nantinya akan diperkenalkan langsung dengan bisnis,     expert candidates, who would be introduced directly to GMF’s
   organisasi, sistem dan prosedur, serta budaya perusahaan dari     business, organization, systems and procedures, and corporate
   GMF. Rekrutmen buy digunakan saat Perseroan membutuhkan           culture. The buy recruitment approach was used when the
   karyawan pada level tertentu seperti aircraft maintenance         company required employees at specific levels, such as aircraft
   engineer, internal auditor, treasury management, Legal &          maintenance engineers, internal auditors, treasury management
   Corporate Governance Expert.                                      personnel, and Legal & Corporate Governance Experts.

   Seluruh calon karyawan GMF wajib memenuhi syarat yang             All GMF job candidates were required to meet the company’s
   ditetapkan oleh Perseroan, yakni berusia minimum 18 tahun         stipulated conditions, including a minimum age of 18 years, in
   sesuai ketentuan Undang-Undang No. 13 Tahun 2003 tentang          accordance with Law No. 13 of 2003 on Employment, Article
   Ketenagakerjaan Pasal 68 dan Konvensi ILO 138 tentang             68, and ILO Convention 138 on the Minimum Age for Admission
   Usia Minimum untuk Diperbolehkan Bekerja. GMF juga tidak          to Employment. GMF also did not practice forced labor, as
   menerapkan praktik kerja paksa karena jam kerja karyawan          employee working hours were contractually regulated in
   telah ditetapkan dalam kontrak sesuai dengan undang-undang        compliance with labor laws. These requirements also applied
   ketenagakerjaan yang berlaku. Persyaratan ini juga berlaku bagi   to GMF’s business partners. Throughout 2024, GMF did not
   mitra kerja yang bekerja sama dengan Perseroan. Sepanjang         recruit underage employees (under 18 years old), ensuring
   tahun 2024, GMF tidak pernah merekrut karyawan di bawah           that no incidents of underage employment occurred within the
   umur (di bawah 18 tahun) sehingga tidak terdapat insiden          company or its partner organizations. [OJK F.19] [ESG S-10]
   karyawan di bawah umur yang dipekerjakan oleh Perseroan
   maupun mitra kerja yang bekerja sama dengan Perseroan.
   [OJK F.19] [ESG S-10]

   PROGRAM MANAGEMENT TRAINEE                                        Rookie Development Program
   Rookie Development Program (RDP) pertama kali dilaksanakan        The Rookie Development Program (RDP) was first implemented
   tahun 2023. Ini adalah sebuah program yang dilaksanakan           in 2023. This is a two-year program designed to equip Rookies
   selama dua tahun untuk membekali Rookies (karyawan baru)          (new employees) with knowledge, leadership skills, and attitudes
   dengan pengetahuan, leadership skill dan attitude yang selaras    aligned with AKHLAK BUMN values, ensuring they are prepared
   dengan AKHLAK BUMN agar siap ditempatkan di perusahaan            for placement in companies within the Garuda Indonesia Group
   yang tergabung di Garuda Indonesia Group pada berbagai posisi     across various positions, such as Engineering, Planning, and
   seperti Engineering, Planning dan Business Support.               Business Support.

   HASIL REKRUTMEN 2024 [ESG S-03]                                   2024 Recruitment [ESG S-03]
   Pada tahun 2024, GMF telah melakukan rekrutmen terhadap           In 2024, GMF recruited 631 new permanent and non-permanent
   631 karyawan baru tetap dan tidak tetap yang merupakan            employees as part of the Manpower Planning (MPP) for 2024.
   bagian dari MPP di tahun 2024. Jumlah tersebut setara 12%         These numbers are equal to 12% of total number of employees
   dari jumlah keseluruhan karyawan pada tahun 2024.                 in 2024.

   Rekrutmen ini mengalami kenaikan sebesar 45% dibandingkan         This recruitment saw a 45% increase compared to 2023, when
   rekrutmen tahun 2023 dimana GMF melakukan rekrutmen 436           GMF hired 436 new employees. The growth in recruitment was
   karyawan baru. Kenaikan rekrutmen ini terutama didorong oleh      primarily driven by GMF’s business expansion, while the need
   perkembangan bisnis GMF, sementara kebutuhan penggantian          to replace retiring and resigning employees also contributed
   pegawai yang pensiun dan mengundurkan diri juga menjadi           as a supporting factor. GMF is committed to strengthening its
   faktor pendukung. GMF berkomitmen memperkuat SDM                  human resources to achieve operational targets and enhance
   guna mencapai target operasional dan meningkatkan kualitas        service quality.
   layanan.

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                                                  Perekrutan Berdasarkan Level Jabatan
                                                        Recruitment by Position
                                                                                                   Karyawan
                                                                                                 Employee Status

                                                                                    2024                                  2023
                             Keterangan
                             Description                                  Tetap            Tidak Tetap        Tetap              Tidak Tetap
                                                                        Permanent           Contract        Permanent             Contract

     Level Professional                                                          32                254                    1                42

     Level Engineer                                                              14                 78                    4                94

     Level Technician                                                               4              249                  23                273

     Jumlah
                                                                                    50             581                  28                408
     Total


    TINGKAT PERPUTARAN PEGAWAI [ESG S-03]                                 EMPLOYEE TURNOVER [ESG S-03]

    GMF menghitung tingkat perputaran pegawai ( turnover)                 GMF calculates the employee turnover rate annually as one
    setiap tahunnya sebagai salah satu dasar untuk menerapkan             of the bases for implementing appropriate HC management
    manajemen SDM yang tepat, berfokus pada optimalisasi                  practices, with a focus on optimizing productivity and ensuring
    produktivitas dan memastikan loyalitas pegawai. Hasil                 employee loyalty. The results of the turnover rate calculation
    perhitungan turnover rate juga menunjukkan tingkat kompetitif         also indicate GMF’s competitiveness as the primary destination
    GMF sebagai perusahaan tujuan utama para pencari kerja                for job seekers in the MRO industry nationally. Despite not
    di industri MRO secara nasional. Walaupun tidak memiliki              facing stiff competition from other MRO players nationally, GMF
    persaingan yang ketat dengan pemain MRO lainnya secara                ensures that employees feel satisfied working at the Company.
    nasional, namun GMF juga memastikan bahwa para pegawai
    merasa puas bekerja di Perseroan.

    Jumlah karyawan yang meninggalkan Perseroan selama tahun              The number of employees who left the Company during 2024
    2024 adalah 125 orang atau 2.98% dari jumlah keseluruhan              was 125 individuals or 2,98% of the total number of employees
    karyawan pada tahun 2024. Dengan demikian, turnover                   in 2024. Therefore, the employee turnover rate was recorded
    pegawai tercatat sebesar 2.98%. Tingkat turnover ini sedikit          at 2.98%. This turnover rate is slightly higher than 2023 but is
    lebih tinggi dari tahun 2023 akan tetapi tidak terlalu signifikan     not significant in reducing GMF’s costs and efforts to perform
    dalam mengurangi biaya dan upaya GMF untuk melakukan                  an induction program for new employees.
    induksi pegawai baru.

    PENGEMBANGAN KOMPETENSI [OJK F.22]                                    COMPETENCY DEVELOPMENT [OJK F.22]

                                         Mekanisme Pengembangan Kompetensi Karyawan GMF
                                             Mechanism of GMF Employee Competency Development




                                                                Training Need
                                                                   Analysis




                                         Knowledge
                                                                                         Learning Service
                                         Management




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    Knowledge Management                                                      Learning Services

    Program ini bertujuan untuk meningkatkan pengetahuan dan                  Dilakukan untuk pegawai GMF sesuai dengan peraturan yang berlaku
    keterampilan pegawai agar dapat memiliki daya saing tinggi. Poin          untuk industri perawatan pesawat. GMF senantiasa meningkatkan
    penting di sini adalah adanya media transfer pengetahuan yang dapat       kompetensi pegawai melalui Annual Training Program yang mencakup
    diakses seluruh pegawai untuk mengoptimalkan proses peningkatan           Technical Training dan Leadership & Management Training. Technical
    kemampuan. Terdapat knowledge management portal yang dapat                Training berlaku bagi seluruh pegawai GMF.
    digunakan pegawai untuk mengakses berbagai macam pengetahuan              This program is meant to update the knowledge of GFM employees
    yang dapat menunjang proses kerja, terutama yang berkaitan dengan         with the latest regulation in the aircraft maintenance industry. GMF
    aktivitas perawatan pesawat.                                              always try to enhance the competencies of its employes through Annual
    This program is designed to enhance the knowledge and skills of           Training Program that includes Technical Training and Leadership &
    employees to have high level of competitiveness. The important point      Management Training. Technical Training applies to all employees.
    here is to have a channel for knowledge transfer that is accessible for
                                                                   Leadership & Management Training diberikan untuk posisi manajerial
    all employees to optimize the process of knowledge enhancement. The
    Company also owns a knowledge management portal for employees  dan mengacu pada ketentuan GMF Leadership Academy melalui
                                                                   Leadership & Managerial Development Program (LMDP) sebagai
    to gain knowledge on various information to improve their working
    process, especially those related to aircraft maintenance.     berikut:
                                                                   Leadership & Management Training is given to employees who are in
    Aktivitas program adalah:                                      the managerial position with training material that refer to the GMF
    The activities of the programs are as follows:                 Leadership Academy thugh Leadership & Managerial Development
    • Sharing Session;                                             Program (LMDP) as follows:
    • Article Writing;                                             • Formal Master Education (S2)
    • Discussion Forum;                                            • Emerging Leadership Program (ELP)
    • Inspirational Story;                                         • Operational Leadership Program (OLP)
    • Best Practice Documentation;                                 • Strategic Leadership Program (SLP)
    • Konten edukasi Instagram | Instagram education content: Self • Certified Business Management (CBM)
        Development, Aircraft Fact, Innovation Corner.             • MRO Finance
                                                                   • MRO Management




                                           Pengembangan Kompetensi Berdasarkan Level Jabatan
                                                         Competency Development by Position

                                                                                                                                    Jumlah Peserta
    Level Jabatan      Jenis Pelatihan             Nama Pelatihan                           Tujuan Pelatihan
                                                                                                                                      Number of
      Position          Training Type               Training Name                           Training Purpose
                                                                                                                                      Participants

                                                                              Diperuntukkan bagi para Manager atau Talent
                                                                              Manager, untuk belajar peran kepemimpinan
                                                                              & cara mengelola team. Selain itu untuk
                                                                              memastikan semua Indikator Kinerja Utama
                                                                              dapat didelegasikan serta diterapkan dengan
                                                                              benar agar target keberhasilan Perseroan dapat
                      Leadership Training Leadership Skill                    tercapai.                                                    65
                                                                              Designed for Managers or Talent Managers
                                                                              to learn about leadership roles and team
                                                                              management. Additionally, it ensures that
                                                                              all Key Performance Indicators (KPIs) can be
    Manager
                                                                              properly delegated and implemented to achieve
                                                                              the Company’s success targets.

                                                                              Diperuntukkan bagi para Manager atau Talent
                                                                              Manager, terutama yang mempunyai latar
                                                                              belakang non-financial untuk dapat memahami
                      Management                                              financial management pada MRO.
                                 MRO Finance                                                                                               57
                      Training                                                Designed for Managers or Talent Managers,
                                                                              especially those with a non-financial background,
                                                                              to understand financial management in MRO
                                                                              (Maintenance, Repair, and Overhaul).

                                                                              Diperuntukkan bagi Manager atau talent
                                                                              Manager untuk belajar tentang pengelolaan
                                                                              penyedia perawatan (MRO) berdasarkan dengan
                                                                              regulasi terkini, tren bisnis MRO, dan praktik
                      Management
                                 MRO Management                               terbaik dalam manajemen MRO.                                 60
                      Training
                                                                              Designed for Managers or Talent Managers to
                                                                              learn about MRO provider management, based
                                                                              on the latest regulations, MRO business trends,
                                                                              and best practices in MRO management.




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                                                Pengembangan Kompetensi Berdasarkan Level Jabatan
                                                              Competency Development by Position

                                                                                                                                     Jumlah Peserta
     Level Jabatan          Jenis Pelatihan           Nama Pelatihan                          Tujuan Pelatihan
                                                                                                                                       Number of
       Position              Training Type             Training Name                          Training Purpose
                                                                                                                                       Participants

                                                Orientation Training                                                                            862

                                                Basic Competency Training                                                                  3,652
                                                                                Berbagai macam program pelatihan yang harus
                                              Job Competency Training           dilalui oleh para staff, dan merupakan bagian              1,034
                        Formal Education to
                                                                                dari pelatihan dasar dan pengembangan ilmu
                        pursue Bachelor’s Continuation / Mandatory
     Staff                                                                      sesuai jabatan.                                            4,946
                        a n d M a s t e r ’ s Training
                                                                                Various training programs that employees must
                        Degree Training
                                              Task Competency Training          complete, forming part of basic training and               1,767
                                                                                knowledge development according to their roles.
                                                Supervisory Training                                                                            214

                                                External Training                                                                               218

     Jumlah
                                                                                                                                           12,693
     Total




        Pelaksanaan Program Knowledge                          Pelaksanaan Program Learning
               Management 2024                                         Services 2024                        Pelaksanaan Leadership Training 2024
            Knowledge Management                              Program Learning Services in 2024              Leadership Training Program in 2024
                Program in 2024


       • 360 kali sharing session telah                      • 507 kelas Technical Training |                • 80% pejabat struktural dan 20%
         dilaksanakan | times of sharing                       Technical Training classes                      talent mendapatkan leadership
         session                                             • 6 batch Leadership & Management                 training | 80% structural officers and
       • 64 dokumentasi inspirational story                    Training                                        20% talent followed the leadership
         telah disebarkan | best practice                                                                      training
         documentation disseminated
       • 148 Dokumentasi best practice
         telah disebarkan
       • 100 buah artikel telah disebarkan |
         articles disseminated




                                                            Ringkasan Pelatihan Karyawan 2024
                                                                Employee Training Summary 2024

                                              Keterangan                                            Jumlah Event                Jumlah Peserta
                                              Description                                            Total Events              Total Participants

     Learning Service

     Orientation Training                                                                                            7                                 862

     Basic Competency Training                                                                                    242                                 3,652

     Job Competency Training                                                                                        71                                1,034

     Task Competency Training                                                                                     194                                 1,767

     Continuation/Mandatory Training and Remedial Training                                                        250                                 4,946

     Supervisory                                                                                                    13                                 214

     Training for Leaders

     Leadership Skill                                                                                                2                                  65

     MRO Finance                                                                                                     2                                  57

     MRO Management                                                                                                  2                                  60




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                                                     Ringkasan Pelatihan Karyawan 2024
                                                         Employee Training Summary 2024

                                       Keterangan                                             Jumlah Event             Jumlah Peserta
                                       Description                                             Total Events           Total Participants

    Mandatory Training

    Initial Human Factors in Aircraft Maintenance                                                             10                           205

    Safety Management System Awareness                                                                        15                           297

    Regulation 145                                                                                            18                           276

    Dangerous Goods Awareness                                                                                 7                            152

    Fuel Tank Safety                                                                                          10                           183

    Quality System                                                                                            21                           380



   BIAYA PENGEMBANGAN KOMPETENSI                                           Competency Development Cost
   Realisasi biaya pengembangan kompetensi karyawan pada tahun             In 2024, the Company spent Rp3,672,171,450 to improve
   2024 tercatat sebesar sebesar Rp3,672,171,450, menurun 37%              the competencies of its employees, 37% lower compared to
   dibandingkan tahun 2023 sebesar Rp5,836,429,500. Penurunan              Rp5,836,429,500 spent in 2023. The decrease occurred due
   ini terjadi karena pelaksanaan pelatihan sebagian besar telah           to The implementation of training was largely completed in
   terpenuhi pada tahun 2023, sedangkan untuk pelatihan yang               2023, while continuation training follows a biennial schedule.
   bersifat continuation berlangsung dua tahunan. Selain itu               Additionally, in 2024, budget adjustments have been made to
   pada tahun 2024 juga ada penyesuaian anggaran yang lebih                better align with the employee recruitment process and position
   disesuaikan kepada proses rekrutmen pegawai dan penyesuaian             composition adjustments.
   komposisi jabatan.


                                      Rata-rata Jam Pelatihan dan Pengembangan Karyawan [S-05]
                                             Average Hour of Employee Training and Development [S-05]

       Rata-Rata Jam Pelatihan per
                                             Jumlah Karyawan Berpartisipasi dalam            Persentase Jumlah Karyawan Berpartisipasi
               Karyawan
                                                       Program Pelatihan                             dalam Program Pelatihan
        Average Training Hour per
                                             Total Employees Participated in Training        Percentage of Total Employees Participated in
               Employee
                                                           Programs                                       Training Programs

    5.11 jam/karyawan
                                                                                  4,612                                              90,89%
    5.11 hour/employee


   PELATIHAN ORGAN TATA KELOLA                                             Training for Corporate Governance Organ [GRI 2-17]
   PERSEROAN [GRI 2-17]
   Pengembangan kompetensi juga berlaku untuk setiap organ                 The Company also improves the competencies of its governance
   tata kelola Perseroan melalui serangkaian program pelatihan             bodies through a series of external training programs. Through
   dari pihak eksternal. Pelatihan ini dilakukan untuk mendukung           this training, the Company hopes that all members can improve
   kompetensi setiap anggota dalam menjalankan tugas dan                   their competencies to do what must be done to support Good
   kewajibannya untuk mendukung Tata Kelola Perusahaan yang                Corporate Governance implementation and ensure business
   Baik serta memastikan keberlangsungan usaha dalam jangka                continuity.
   panjang.

   Informasi mengenai pendidikan atau pelatihan bagi Dewan                 Information concerning the training and education programs
   Komisaris, Direksi, Komite-komite, Sekretaris Perusahaan, dan           until the end of 2023 for the Board of Commissioners, the Board
   Audit Internal sampai dengan akhir tahun 2024 dapat dilihat             of Directors, Committees, Corporate Secretary, and Internal
   dalam informasi berikut, yang mencakup mengenai program                 Audit, are available in the following information, which covers
   pelatihan dan pihak pemberi pelatihan. Tidak semua organ                the information regarding training and program and organizers.
   Perseroan mengikuti pelatihan dan GMF tidak mengadakan                  Not all Company organs participated in the training and GMF
   pelatihan-pelatihan khusus untuk organ-organ tersebut, namun            did not organize any particular training programs for those
   masing-masing anggota tetap mengikuti perkembangan industri             organs, but each member still followed the current industrial
   yang berlaku.                                                           development.




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    Dewan Komisaris                                                        Board of Commissioners
     Dharmadi
     Komisaris Utama, merangkap Ketua KNR
     President Commissioner, concurrently as Chairman of KNR
     • Professional Commisioners Program: Indonesian Institute for Corporate Directorship
     • Inhouse Training Risk Based Business Strategic Planning and Budgeting: Radian Wicobs Internasional

     Rahmat Hanafi
     Komisaris, merangkap anggota KNR
     Commissioner, concurrently as Member of KNR
     Inhouse Training Risk Based Business Strategic Planning and Budgeting: Radian Wicobs Internasional

     Ali Gunawan
     Komisaris Independen, merangkap Ketua KAKCG
     Independent Commissioner, concurrently as Chairman of KAKCG
     Inhouse Training Risk Based Business Strategic Planning and Budgeting: Radian Wicobs Internasional

     Agit Atriantio
     Komisaris Independen, merangkap Ketua KPUPR
     Independent Commissioner, concurrently as Chairman of KPUPR
     • Qualified Risk Governance Professional (QRGP): Lembaga Sertifikasi Profesi – Mitra Kalyana Sejahtera

     Abhan
     Komisaris Independen, merangkap anggota KNR
     Independent Commissioner, concurrently as Member of KNR
     • Professional Commissioners Program: Indonesian Institute for Corporate Directorship
     • Inhouse Training Risk Based Business Strategic Planning and Budgeting: Radian Wicobs Internasional
     • Qualified Risk Governance Professional (QRGP): Lembaga Sertifikasi Profesi – Mitra Kalyana Sejahtera


    Direksi                                                                Board of Directors
     Andi Fahrurrozi
     Direktur Utama
     CEO
     • Indonesia Aero Summit 2024: Indonesia National Air Carriers Association atau INACA

     Pudjo Sarwoko
     Direktur Human Capital & Corporate Affairs
     Director of Human Capital & Corporate Affairs
     Professional Commisioners Program: Indonesian Institute for Corporate Directorship

     Irvan Pribadi
     Direktur Busines & Base Operation
     Director of Business & Base Operation
     • CRMP Certification (Certified Risk Management Professional)/Integrated Organizational Risk Management Expert (AMROT-BNSP)/
         CRMP-GIRMA: Risk Management Professional Certification Institute (LSPMR/CRMP)



    Sekretaris Dewan Komisaris                                             Secretary to the Board of Commissioners
     Yogi Aditama
     Sekretaris Dewan Komisaris
     Secretary to the Board of Commissioners
     • Professional Commissioners Program: PT Garuda Indonesia (Persero) Tbk
     • Workshop Subsidiary Governance: PT Dinamika Pasifik Solusindo (“DPS Consulting”)
     • Training Finnon: Understanding Financial Statement: PPM Manajemen


    Komite Audit dan Kebijakan Corporate Governance                        Audit and Corporate Governance Policy Committee
    (KAKCG)
                                                                 Dodi Yasendri
                                                                   Anggota
                                                                   Member

     Anggota KAKCG tidak mengikuti pelatihan pada tahun 2024.
     Members of KAKCG did not follow any training program in 2024.




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                                                                 Edward Okky Avianto
                                                                      Anggota
                                                                      Member

    Anggota KAKCG tidak mengikuti pelatihan pada tahun 2024.
    Members of KAKCG did not follow any training program in 2024.



   Komite Pengembangan usaha dan Pemantau Risiko                                 Business Development and Risk Monitoring
   (KPUPR)                                                                       Committee
                                                                    Endang Tardiana
                                                                       Anggota
                                                                       Member

    Inhouse Training Risk Based Business Strategic Planning and Budgeting: Radian Wicobs Internasional

                                                                Gary Louis Lumempouw
                                                                       Anggota
                                                                       Member

    Inhouse Training Risk Based Business Strategic Planning and Budgeting: Radian Wicobs Internasional

                                                                                 Corporate Secretary
   Sekretaris Perusahaan
                                                                  Rian Fajar Isnaeni
                                                            VP Corporate Secretary & Legal

    •     In-House Training Directorship Program: Indonesian Institute for Corporate Directorship
    •     Exclusive Workshop on Reasons for Criminal Exemption & Legal Protection for Directors/Commissioners of SOEs in Corporate Actions:
          Indonesia Training Institute & Consulting Services/CRMS



   Audit Internal                                                                Internal Audit
    Sebanyak 17 peserta mengikuti pelatihan, terdiri dari berbagai tingkat     A total of 17 participants took part in the training, comprising various
    profesi audit. Peserta pelatihan: VP Internal Audit, Operation & IT        levels of audit professionals. The training participants are: VP Internal
    Audit, Corporate & Financial Audit, Senior Auditor, dan Auditor. Berikut   Audit, Operation & IT Audit and Corporate & Financial Audit, Senior
    ini adalah informasi mengenai program pelatihan yang diikuti oleh VP       Auditors, Auditors. The following is the information regarding the training
    Internal Audit, serta ringkasan pelatihan yang diikuti oleh anggota        program of VP Internal Audit, and a summary of the training followed
    Internal Audit lainnya:                                                    by other member of Internal Audit:

                                                                    Deddy Fezantino
                                                                    VP Internal Audit
    •     Root Cause Analysis of Audit Finding: Inhouse
    •     Risk Management Officer: Inhouse
    •     Strengthening Governance and Fraud Prevention: PWC
    •     Auditing & Monitoring: Pratama Indomitra Konsultan
    •     Assessment of Risk Maturity Index according to Ministerial Regulation No. 2 of 2023 and RMI Guidelines: Ikatan Akuntan Indonesia
          (Institute of Internal Auditor)
    •     Implementation of Governance, Risk & Control in Higher Education Institutions: Ikatan Akuntan Indonesia
    •     Towards Integrated Reporting—Analysis of Sustainability and Climate Change Disclosures Based on IFRS S1, IFRS S2, TCFD, and GRI 305:
          Pusat Pengembangan Akuntansi Fakultas Ekonomi & Bisnis Universitas Indonesia [OJK E.2]
    •     Mastering Sustainability Audit—Fostering Transparency, Accountability, and Impact: Institute of Internal Auditor
    •     Road to Integrated Carbon Economic Value Policy—Opportunities, Challenges, and Risks of Implementing Carbon Economic Value Policies:
          Institute of Internal Auditor [OJK E.2]
    •     IAI East Java, Two Sides of the Coin: Forensic Accounting vs Investigative Auditing in Fraud Prevention and Detection: Pusat Pengembangan
          Profesi Keuangan – Kementerian Keuangan
    •     Key Audit Matters—Matters to All: Pusat Pengembangan Profesi Keuangan – Kementerian Keuangan
    •     Corporate Forensic Audit—Uncovering Fraud and Enhancing Business Transparency: Ikatan Akuntan Indonesia




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     Program pelatihan anggota lainnya
     Training program of other members
     • Root Cause Analysis of Audit Finding: Inhouse
     • Risk Management Officer: Inhouse
     • Human Factors Continuation Training: Inhouse
     • Safety Management System Continuation Training: Inhouse
     • Risk Management Officer: Forum Komunikasi Satuan Pengawas Intern (FKSPI)
     • Know Our Risks, Plan Strategically, by Understanding Today’s Risk Environment: PwC 360
     • Auditing & Monitoring IT General Controls: Forum Komunikasi Satuan Pengawas Intern (FKSPI)
     • Strengthening the Integrity of State-Owned Enterprises’ Financial Reports—Implementation of Technical Guidelines for Internal Control
         over Financial Reporting: PwC 360
     • GMF Quality System for Supporting Personnel: Inhouse
     • Corruption in Corporate, Banking, and Government Financial Management: Lembaga Berantas Korupsi Indonesia
     • Basic Planning: Inhouse
     • Elevating Internal Audit as A Value Driver: Inhouse
     • Implementing Corporate Governance Based on the State-Owned Enterprises Omnibus Law: Pratama Indomitra Konsultan
     • Advanced Level Qualified Internal Audit: Yayasan Pendidikan Internal Audit
     • Managerial Level Qualified Internal Audit: Yayasan Pendidikan Internal Audit
     • Cultural Transformation—Integrating ESG, Cybersecurity, and Innovative Risk Management: Yayasan Pendidikan Internal Audit [OJK E.2]


    Manajemen Risiko                                                           Risk Management
                                                                  Santi Agustina
                                                    Executive General Manager Risk Management

     Certified Risk Management Professional (CRMP): PT. RAP Indonesia (Sertifikasi Manajemen Risiko RAP Learning Center Jakarta Official)
     Risk Based Business Strategic Planning and Budgeting: RWI Consulting

                                                                    Ria Asyrofa
                                                        Senior ERM & Internal Control Analyst


     Certified Risk Management Officer (CRMO): PT. RAP Indonesia (Sertifikasi Manajemen Risiko RAP Learning Center Jakarta Official)
     Risk Based Business Strategic Planning and Budgeting: RWI Consulting

                                                             Muhammad Alvi Hasyemi K.
                                                        Senior ERM & Internal Control Analyst

     Certified Risk Management Officer (CRMO): PT. RAP Indonesia (Sertifikasi Manajemen Risiko RAP Learning Center Jakarta Official)
     Risk Based Business Strategic Planning and Budgeting: RWI Consulting

                                                                 Brian Marfiansyah
                                                        Senior ERM & Internal Control Analyst

      Risk Based Business Strategic Planning and Budgeting: RWI Consulting



    Quality Assurance & Safety                                                 Quality Assurance & Safety
     •    Aircraft Maintenance Engineer License (Senior Aircraft Quality Inspector, Aircraft Quality Inspector, Aircraft Maintenance Engineer): 91
          people certified (100%)
     •    Certified Quality Auditor: 10 people certified (18.5%)
     •    Associate Quality Auditor: 26 people certified (48.1%)
     •    Qualification & Licensing Assessor (Senior Qualification & Licensing Assessor, Qualification Licensing Assessor): 7 people certified (100%)




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   PENILAIAN KINERJA PEGAWAI                                                 EMPLOYEE ASSESSMENT &
   & MANAJEMEN KARIER                                                        CAREER MANAGEMENT

                                                                BSC Corporate


                                                                BSC Directorate


                                                                   BSC Dinas


                                       Mid Year, and End
                                       Year Perfomance                                             Goal Setting
                                                  Review




                                  :DEVELOPMENT                Evaluating          Planning
                                  Promotion, Rotation,
                                  Merit, Incentive
                                  PMS

                                                                        Managing




                                                            Performance Monitoring Continuous
                                                            Feedback, Coaching and Counselling



   GMF menerapkan sistem manajemen kinerja yang berdasarkan                  GMF implements a performance management system (planning,
   tiga proses yaitu perencanaan, pengelolaan kinerja, dan evaluasi          performance management, and evaluation) to assess employee
   untuk menilai kinerja para pegawai (assessment).                          performance.

   Individual Performance Plan (IPP) ditetapkan sebagai sasaran              The Individual Performance Plan (IPP) becomes the
   kinerja yang merupakan turunan dari KPI atau Target Unit                  performance basis derived from the KPI or Target Unit of its
   dan Dinasnya. Kinerja pegawai dipantau dan dinilai dengan                 Department. Individual Performance Tracking (IPT) will monitor
   Individual Performance Tracking (IPT). Hasilnya akan dilaporkan           and assess employee performance. The results are available in
   dalam Individual Performance Report (IPR). Ketiga proses                  the Individual Performance Report (IPR). These three processes
   tersebut dilakukan dengan menggunakan sistem online, yaitu                are carried out using an online system, namely MyHC (Talent
   MyHC (Talent Management System).                                          Management System).


                 IPP                                 IPT                                     IPR                               CAP

                                                                              •   Mid-year & End-year
                                                                              •   Total hasil dari pencapaian KPI,   •   Penugasan khusus bagi
                                   •    ≥ 1 kali sebulan untuk semua level        OCP, dan CA                            pegawai terpilih
    •     KPI dan Target                jabatan                               •   Balancing                          •   Bobot CAP
    •     OCP dan Target           •    Komunikasi dua arah                   •   Komunikasi atasan dan bawahan      •   Pengukuran kinerja dan
    •     Bobot KPI dan OCP        •    Formal dan tercatat                       untuk persetujuan                      target
    •     KPIs and Targets              (terdokumentasi)                      •   Mid-year and End-year              •   C h a l l e n g i n g
    •     OCP Targets              •    Once a month for all jobs level       •   Total results from KPI, OCP, and       Assignment for talent
    •     KPI and OCP Weight       •    Two-way communication                     CA achievements                    •   CAP Weight
                                   •    Formal and recorded (documented)      •   Balancing                          •   Performance
                                                                              •   Communication of superiors and         Measurement
                                                                                  subordinates for approval




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    Atasan masing-masing pegawai menilai kinerja setiap                The supervisor of each employee conducted a fair evaluation
    bawahannya secara adil. Penilaian kinerja dilakukan dua kali       of his subordinate’s performance. There is a two-time
    dalam setahun dan diatur dalam Prosedur Bisnis Performance         appraisal program every year, as stipulated in the Performance
    Management System (PMS). Hasil tersebut kemudian menjadi           Management System (PMS) Business Procedure. The Company
    bahan pertimbangan bagi Perseroan dalam memberikan                 uses the assessment to give rewards and punishments and
    reward, punishment, serta program pengembangan kepada              development programs to employees. Employees and
    karyawan. Karyawan dan atasan dapat melakukan dialog/              supervisors will be able to have dialogue/discussion either
    diskusi baik secara daring atau pertemuan tatap muka. Hal ini      online or face-to-face meetings. This can provide convenience
    dapat memberikan kemudahan bagi para karyawan sehingga             for employees, resulting in more effective and efficient working
    berdampak kepada waktu kerja yang lebih efektif dan efisien.       time.

    Pada tahun 2025, GMF memberikan berbagai jenis reward              In 2025, GMF provides various types of rewards according
    sesuai dengan hasil penilaian kinerja pegawai. Salah satu bentuk   to the results of employee performance assessments. Special
    reward adalah pemberian apresiasi kepada 69 pegawai yang           Recognition is part of reward to give appreciation for 69
    dinilai memiliki kinerja terbaik sepanjang tahun 2024 dan          employees who are considered to have the best performance
    memberikan kontribusi di atas rata-rata kepada Perusahaan.         throughout 2024 and have made above-average contributions
    Terdapat 3 kategori pemberian apresiasi yaitu:                     to the Company. There are 3 categories of appreciation, namely:
    1. Most Valuable Employee, yaitu penghargaan bagi pegawai          1. Most Valuable Employee, an award for employees with the
        dengan penilaian kinerja tertinggi dan diberikan hanya             highest performance and given to only 1 person in each
        kepada 1 orang di setiap dinasnya.                                 department.
    2. Outstanding Performer, yaitu pegawai yang menonjol dalam        2. Outstanding Performer, an award for employees who stand
        kinerja dan dedikasinya terhadap pekerjaan. Mereka tidak           out in their performance and dedication to their work. Not
        hanya mencapai target kinerja tetapi juga menunjukkan              only achieve performance targets but also demonstrate
        kemampuan ekstra, inisiatif, dan kontribusi positif terhadap       extra abilities, initiative, and positive contributions to
        tim dan perusahaan secara keseluruhan. Para outstanding            the team and the company as a whole. These outstanding
        performer ini juga menjadi contoh yang menginspirasi bagi          performers are also inspiring examples for their colleagues
        rekan-rekannya dan membantu menciptakan lingkungan                 and help create a productive and positive work environment.
        kerja yang produktif dan positif.
    3. Excellent PDCA, yaitu pegawai yang diberikan penugasan          3. Excellent PDCA, an award for employees who are given
        khusus sebagai PDCA diluar pekerjaan utamanya dan dinilai         special assignments as PDCA outside of their main job and
        terbaik dalam mengerjakan tugas PDCA.                             are considered the best in carrying out their PDCA tasks.




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   Manajemen Karier
   Career Management


   Manajemen karier berkaitan erat dengan sucession planning               Career management is closely related tosucession planning
   GMF untuk mempertahankan tingkat kualitas SDM dari risiko               GMF to maintain the quality level of human resources from risk
   turnover karyawan. Melalui manajemen karier, karyawan diberi            turnover employee. Through career management, employees
   kesempatan untuk meningkatkan tingkat kesejahteraan dengan              are given the opportunity to increase their level of welfare by
   mendapatkan posisi yang lebih tinggi.                                   getting a higher position.


                                                        Proses Manajemen Karier
                                                         Careet Management Process



      Penentuan Formasi Jabatan                                   Asesmen                                       Penilaian Akhir
          Formation Position                                     Assessment                                      Final Decision



     • Penentuan kualifikasi jabatan;                • Menilai kompetensi individu                       • Keputusan akhir promosi
     • Landasan penyusunan jalur                       dengan kualifikasi jabatan;                         karyawan;
       karier.                                       • Dilakukan oleh tim assessor;                      • Pelatihan dan pengembangan
     • Qualification of position;                    • Melibatkan Komite SDM (expert,                      lebih lanjut, jika diperlukan.
     • Career path foundation.                         subject matter expert, human                      • Final decision on employee
                                                       capital personnel);                                 promotion;
                                                     • Quality personnel for safety (jika                • Further training and
                                                       dibutuhkan).                                        development, if needed.
                                                     • Assessing the individual
                                                       competencies with job
                                                       qualifications;
                                                     • Conducted by an assessor team;
                                                     • Involving the HR Committee
                                                       (expert, subject matter expert,
                                                       human capital personnel);
                                                     • Quality personnel for safety (if
                                                       needed).




                                               Dual Career Path: Profesional & Struktural
                                                   Dual Career Path: Professional & Structural




           Jalur profesional memberi karyawan kesempatan untuk menjadi ahli di bidang tertentu. Jalur struktural membuka
                                        kesempatan karier berdasarkan kemampuan manajerial.
        The professional track allows employees to become experts in specific areas. The structural path opens career opportunities
                                                      based on managerial abilities.




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    HASIL MANAJEMEN KARIER 2024                                              Career Management Results in 2024
    Melakukan Review Career Level pada sistem Manajemen Karir                Conducting a review of Career Levels in the Career
    dengan konsep Job Enrichment & Job Enlargement.                          Management System using the concepts of Job Enrichment
                                                                             and Job Enlargement.

    Melaksanakan review dan perbaikan secara periodik terhadap               Periodically reviewing and improving the Personal Competency
    dokumen Personal Competency Manual (PCM) untuk terus                     Manual (PCM) to ensure continuous updates in line with
    melakukan update terhadap perubahan dan kesesuaian                       changes and the relevance of required competencies, as well
    kompetensi yang dibutuhkan serta melakukan revisi PB 06-                 as revising PB 06-005 on Employee Career Management.
    005 Pengelolaan Karir Pegawai

    Penetapan pegawai yang termasuk ke dalam kelompok jabatan                Determining employees classified in frozen job groups (freeze)
    yang dibekukan (freeze) untuk selanjutnya dapat dikembangkan             so they can be developed into positions one level higher or
    ke jabatan dengan jenjang satu level lebih tinggi atau ditetapkan        remain in their current roles until normal retirement.
    dalam jabatan tersebut sampai pensiun normal.

    Disamping melakukan pembenahan terkait pengelolaan                       In addition to improving career management within the
    karir di perusahaan, melalui Assessment Center, GMF telah                company, through the Assessment Center, GMF has conducted
    menyelenggarakan proses asesmen terhadap pada Level Vice                 assessments for 16 on Vice President-level, 40 Senior Managers,
    President sebanyak 16 orang, Senior Manager sebanyak 40                  and 84 Managers.
    orang, dan Manager sebanyak 84 orang.


                                                    Promosi dan Mutasi Pegawai tahun 2024
                                                         2024 Employees Promotion and Mutation


                                  Promosi                                     Mutasi
                                  Promotion                                   Mutation
                                  •   2 orang level Vice President            •   2 persons for Vice President’s level
                                  •   12 orang level Senior Manager           •   12 persons for Senior Manager’s level
                                  •   44 orang level Manager                  •   44 persons for Manager’s level
                                  •   695 orang level Staff                   •   695 persons for Staff’s level




    Salah satu hasil promosi yang perlu untuk dibahas yaitu                  One of the noteworthy promotional outcomes is the promotion
    promosi Andriyono Novan Hartoko. Beliau diangkat menjabat                of Andriyono Novan Hartoko. He was appointed as Vice
    Vice President Engineering Services pada 1 Oktober 2024                  President Engineering Services on October 1, 2024, having
    setelah sebelumnya menempati posisi Senior Manager Line                  previously served as Senior Manager Line Maintenance
    Maintenance Production Planning. Beliau bergabung dengan                 Production Planning. Joining GMF in [2008], his career has
    GMF sejak tahun 2008, kariernya terus meningkat sebagai                  steadily progressed, holding various positions as Engineer.
    seorang Engineer. Informasi ini menunjukkan bahwa GMF                    This shows that GMF has a clear career path for its employees.
    memiliki jenjang karier yang jelas.

    Informasi tersebut juga menunjukkan bagaimana GMF                        This information also highlights how GMF fosters employee
    dapat mempertahankan loyalitas pegawai, dan sebaliknya,                  loyalty. Conversely, loyal employees who consistently
    pegawai yang loyal dan terus menunjukkan kinerja positif                 demonstrate positive performance will enjoy various benefits
    akan merasakan dampak positif saat komitmen dan integritas               when their commitment and integrity align with the Company’s
    mereka berjalan beriringan dengan kinerja positif Perseroan.             success. This opportunity is available to every employee who
    Tentunya kesempatan ini terbuka bagi setiap pegawai yang                 meets the standard criteria set by GMF.
    dapat memenuhi kriteria standar yang berlaku di GMF.




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   RENCANA PENGEMBANGAN                                               2024 HC DEVELOPMENT PLAN
   SDM TAHUN 2025

   GMF senantiasa memperhatikan perkembangan eksternal yang           HC development plans are consistently implemented by
   berkaitan dengan keberlanjutan usaha, terutama tren industri       considering various factors, including the internal business
   dan kebijakan Pemerintah Indonesia yang mempengaruhi bidang        situation (such as business plans and targets) and external
   usaha Perseroan. Meski kondisi pertumbuhan perekonomian            factors (such as business trends and challenges). With how the
   Indonesia pada tahun 2025 dihadapkan pada kondisi yang             situation has been going positive after the pandemic challenge,
   menantang, namun diprediksi masih baik, termasuk di sektor         GMF is now prepared to take a more proactive approach to
   industri penerbangan. Kondisi 2025 diperkirakan bertumbuh          enhance human resource capacity, particularly for 2024.
   seiring dengan mulai meningkatnya perjalanan udara, baik
   domestic maupun internasional. Kondisi ini tentunya sangat
   mempengaruhi Perseroan dan perkembangan SDM tahun 2025
   tentunya harus memperhitungkan hal ini dengan seksama.  

   Berdasarkan pertimbangan di atas, Program dan Rencana Kerja        Based on these considerations, the Company has outlined the
   SDM tahun 2025 akan lebih fokus kepada:                            following 2024 HR Work Plan and Program:
   1. Pengelolaan Biaya Pegawai                                       1. Employee Cost Management
      Melaksanakan monitoring dan review setiap akhir bulan               Implement monitoring and review of staff expense reports
      atas laporan staff expense untuk menjaga agar tetap sejalan         at the end of each month to ensure that they remain in line
      dengan pencapaian revenue sebagaimana ditetapkan dalam              with revenue achievement as set out in the TECP KPI, which
      KPI TECP yaitu 28% terhadap revenue tanpa subcont                   is 28% of revenue without subcont expenses.
      expense.
   2. Melakukan evaluasi terhadap Remunerasi                          2. Evaluate Remuneration
      a. Melakukan tinjauan terhadap salary structure pegawai            a. Review employee salary structure to keep it in line with
           agar tetap sejalan dengan kondisi keuangan Perseroan,             the Company’s financial condition, industry market and
           pasar industri dan situasi perekonomian.                          economic situation.
      b. Melakukan evaluasi dan implementasi terkait dengan              b. Evaluate and implement Employee Total Reward (Fixed
           Employee Total Reward (Fixed Salary, Incentives,                  Salary, Incentives, Allowances, Benefits) periodically to
           Allowances, Benefit) secara periodik agar tetap berjalan          keep it running according to the Company’s financial
           sesuai kondisi finansial Perseroan.                               condition.
   3. Melakukan evaluasi terhadap Benefit Program Optimization        3. Evaluate Benefit Program Optimization
      a. Program GMF EAZY Experience (pengaktifan Kembali                a. GMF EAZY Experience Program (reactivation of Eazy
           Eazy Umroh/Pilgrimme).                                            Umroh/Pilgrimme).
      b. Program Non-Financial Benefit berupa Digital Special            b. Non-Financial Benefit Program in the form of Digital
           Greetings, (Thank you, Congratulation, Baby Born,                 Special Greetings, (Thank you, Congratulations, Baby
           Graduation)                                                       Born, Graduation)
      c. Program standarisasi fasilitas nursery room yang telah          c. Standardization program for existing nursery room
           ada saat ini.                                                     facilities.
      d. Reaktivasi kebijakan pemberian seragam kerja                    d. Reactivation of the supporting work uniform provision
           supporting.                                                       policy.
      e. Kebijakan medical check up.                                     e. Medical check up benefit policy.
   4. Melakukan evaluasi terhadap Program Tunjangan                   4. Conducting an evaluation of the allowance program
      a. Tunjangan Perjalanan Dinas                                      a. Travel Allowance
      b. Tunjangan Produktivitas                                         b. Productivity Allowance
      c. Tunjangan Shift                                                 c. Shift Allowance
      d. Tunjangan Sertifikasi Profesi                                   d. Professional Certification Allowance
      e. Fasilitas Mutasi                                                e. Mutation Facilities
      f. Bantuan Tiket Khusus                                            f. Special Ticket Assistance
   5. Menjalankan program Special Recognition sebagai bentuk          5. Running a Special Recognition program as a form of
      apresiasi dari Perusahaan kepada pegawai yang berkinerja           appreciation from the Company to high-performing
      tinggi.                                                            employees.
   6. Melakukan perpanjangan partnership dan penambahan               6. Extending partnerships and adding 2 new partnerships for
      2 partnership baru untuk kepentingan manfaat pegawai.              the benefit of employees.
   7. Leaders Wellbeing berfokus pada peningkatan kesehatan           7. Leaders Wellbeing focuses on improving the physical,
      fisik, mental, dan emosional pimpinan guna mendukung               mental, and emotional health of leaders to support
      efektivitas kepemimpinan dan produktivitas kerja.                  leadership effectiveness and work productivity.



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    8. Corporate Values menginternalisasikan nilai AKHLAK              8. Corporate Values internalizes AKHLAK and GMF Spirit to
        dan GMF Spirit untuk memperkuat implementasi budaya               strengthen corporate culture implementation.
        perusahaan.
    9. NEX menyediakan platform terpusat untuk akses dan               9. NEX serves as a centralized platform for knowledge
        kolaborasi pengetahuan, sementara Employee Recognition             access and collaboration, while Employee Recognition
        mendorong apresiasi atas kontribusi karyawan guna                  fosters appreciation for employee contributions to boost
        meningkatkan motivasi dan keterlibatan.                            motivation and engagement.
    10. Learning/KM Program mendukung pengembangan individu            10. The Learning/KM Program supports individual development
        melalui program magang, penelitian, dan sharing session.           through internship programs, research initiatives, and
                                                                           sharing sessions.
    11. @gmfheroes menjadi sarana employer branding dan                11. @gmfheroes serves as a platform for employer branding
        komunikasi HCM, sementara Corporate Intervention                   and HCM communication, while Corporate Intervention
        memperkuat keterlibatan perusahaan melalui berbagai                strengthens corporate engagement through various
        kegiatan korporasi dan survei pegawai.                             corporate activities and employee surveys.
    12. AOC Program memastikan implementasi budaya                     12. 12. The AOC Program ensures the effective implementation
        perusahaan berjalan efektif melalui peran Agent of Change          of corporate culture through the role of Agents of Change in
        di setiap bidang/dinas, sekaligus mendorong transformasi           each department, while also driving cultural transformation
        budaya dan penerapan nilai perusahaan dalam keseharian.            and the application of corporate values in daily operations.
    13. Dalam upaya menciptakan lingkungan kerja yang aman,            13. GMF is committed to fostering mutual respect and creating
        menghargai, dan melindungi harkat serta martabat manusia,          a safe work environment that upholds human dignity. GMF
        GMF berkomitmen untuk mengedepankan sikap saling                   ensures a workplace free from discrimination, exclusion,
        menghormati serta menciptakan lingkungan kerja yang                restrictions, violence, bullying, harassment, and any other
        bebas dari diskriminasi, pengucilan, pembatasan, kekerasan,        forms of physical or mental abuse. This commitment is
        perundungan, pelecehan, maupun berbagai bentuk                     realized through the development of policies aligned with
        kekerasan lainnya, baik mental maupun fisik. Komitmen              AKHLAK values and in support of the Respectful Workplace
        ini diwujudkan melalui penyusunan kebijakan yang selaras           Policy within BUMN and all its subsidiaries.
        dengan nilai-nilai AKHLAK dan mendukung Respectful
        Workplace Policy di lingkungan BUMN serta seluruh anak
        usahanya.
    14. Peningkatan kualitas kerja untuk meningkatkan efektivitas      14. Improving work quality to enhance the effectiveness of
        proses industri.                                                   industrial processes.
    15. Melakukan Regulatory Assessment untuk mempersiapkan            15. Conducting Regulatory Assessment to prepare competent
        talent yang kompeten dalam segi safety di GMF.                     talents in terms of safety at GMF.
    16. Peningkatan kompetensi Leader dengan melakukan Training        16. Enhancing Leader competencies by providing training at
        pada Level Senior Manager & Vice President                         the Senior Manager and Vice President levels.
    17. Program pengembangan pegawai yang berfokus pada                17. Employee development programs focused on enhancing
        peningkatan Knowledge – Skill – Attitude.                          Knowledge – Skills – Attitude.
    18. Pembaruan materi GMF English Test (GET) guna menjaga           18. Updating the GMF English Test (GET) materials to maintain
        kualitas pegawai di GMF.                                           the quality of GMF employees.
    19. Melanjutkan pelaksanaan Rookie Development Program             19. Continuing the implementation of the Rookie Development
        (RDP) sebagai pemenuhan kebutuhan pegawai yang                     Program (RDP) to fulfill the need for high-quality employees.
        berkualitas.
    20. Melaksanakan Instructor Regeneration Program melalui           20. Conducting the Instructor Regeneration Program through
        Instructor Development Program guna pemenuhan jumlah               the Instructor Development Program to ensure a sufficient
        instructor yang berkualitas sesuai kapabilitas yang dimiliki       number of qualified instructors in accordance with the
        oleh AMTO 147 GMF Learning Services.                               capabilities required by AMTO 147 GMF Learning Services.
    21. Pengembangan Kabasitas dan Kapabilitas baru, yaitu             21. Development of new capacities and capabilities, including
        Training Boeing 787 (GenX) dan Airbus A320 Neo PW1100              Boeing 787 (GenX) and Airbus A320 Neo PW1100 JM
        JM.                                                                training.
    22. Pembaruan Perjanjian Kerja Bersama.                            22. Renewal of the Collective Labor Agreement.
    23. Peningkatan pelayanan kepegawaian secara digital melalui       23. Enhancing digital employee services through the planned
        rencana migrasi layanan Talentlead dan Wecare ke aplikasi          migration of Talentlead and Wecare services to the MyHC
        MyHC.                                                              application.




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   PERLAKUAN YANG ADIL DAN SETARA                                               FAIR AND EQUAL TREATMENT FOR
   BAGI PEGAWAI [GRI 406-1] [OJK F.18]                                          ALL EMPLOYEES [GRI 406-1] [OJK F.18]

   Perseroan memperlakukan semua pegawai secara setara sesuai                   The Company treats all employees equally according to the basic
   prinsip dasar ketenagakerjaan yang termuat dalam Undang-                     employment principles set out in Law No. 13 of 2003 concerning
   Undang No. 13 Tahun 2003 tentang Ketenagakerjaan tanpa                       Manpower without distinguishing gender, ethnicity, religion,
   membedakan jenis kelamin, suku, agama, ras dan pandangan                     race, and political views. There is a Collective Labor Agreement
   politik. Terdapat Perjanjian Kerja Bersama (PKB) antara                      (PKB) between the Company and employees to ensure that
   Perseroan dan pegawai untuk memastikan adanya komitmen                       there is a written commitment for both parties fulfilling the
   tertulis kedua belah pihak dalam pemenuhan HAM yang berlaku                  human rights when recruiting employees, participating in
   dalam hal penerimaan pegawai, pelatihan dan pengembangan                     training and competency development, career development,
   kompetensi, pengembangan karir, dan remunerasi. Perseroan                    and remuneration. The Company also guarantees employees
   juga menjamin kebebasan pegawai berserikat dengan                            the freedom to associate through a labor union as a forum
   memfasilitasi pembentukan serikat pekerja sebagai wadah                      for effective communication between management and all
   komunikasi yang efektif antara manajemen dan seluruh pegawai.                employees. The PKB continues to be updated periodically,
   PKB terus diperbarui secara periodik dan Serikat Pekerja telah               and the Trade Union has been registered with the Manpower
   didaftarkan ke Dinas Ketenagakerjaan. Sampai dengan akhir                    Office. Until the end of 2024, the PKB agreed upon with the
   tahun 2024, PKB yang telah disepakati dengan Serikat Pekerja                 Labor Union fully applies to all employees, both permanent
   berlaku sepenuhnya terhadap semua pegawai, baik pegawai                      and non-permanent. The content of the PKB is prepared in
   tetap maupun pegawai tidak tetap, di mana konten dari PKB itu                accordance with the applicable laws and regulations.
   sendiri disusun mengacu pada peraturan perundang-undangan
   yang berlaku.


                                   Komposisi Karyawan Perempuan dalam Manajemen Perseroan [S-01]
                                          Composition of Female Employees in the Company’s Management [S-01]

                                                             Pria                                                    Wanita
                                                             Male                                                    Female
           Level Jabatan
          Level of Position
                                           Jumlah                      Persentase                     Jumlah                       Persentase
                                            Total                      Percentage                      Total                       Percentage

    Entry-level                                      3.317                         89,29%                           403                      87,61%

    Mid-level                                              299                      8,05%                            37                         8,04%

    Senior-level                                            83                      2,23%                            19                         4,13%

    Executive-level                                         16                      0,43%                             1                         0,22%

    Total Karyawan
                                                     3.715                            100%                          460                         100%
    Total Employees


                                        Level Karyawan Berdasarkan Gender dan Kelompok Umur [S-02]
                                                    Employee Level by Gender and Age Group [S-02]


                                                                     Level Jabatan
     Rentang                                                        Level of Position                                                     Total
        Usia
                                                                                                                                        Karyawan
      (tahun)             Entry-level                  Mid-level                    Senior-level               Executive-level
                                                                                                                                          Total
    Age Range
                      Pria       Wanita         Pria             Wanita        Pria          Wanita        Pria           Wanita        Employees
    (years old)
                      Male       Female         Male             Female        Male          Female        Male           Female

    18-25               252               44           0                   0          0               0         0                   0            296

    25-35              2298              288         96                   22       14                  8        0                   0           2726

    35-45               450               49        109                   14       41                 11        9                   1            684

    45-55               309               22         91                    1       28                  0        7                   0            458

    >55                      8             0           3                   0          0               0         0                   0             11




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    REMUNERASI PEGAWAI [GRI 401-2]
                                                                       EMPLOYEE REMUNERATION [GRI 401-2]
    Dalam menetapkan imbal jasa bagi para pegawai, Perseroan
    berfokus pada paket remunerasi yang sesuai dan sejumlah            In determining employee remuneration, the Company
    manfaat material lainnya. Guna menetapkan paket remunerasi         prioritizes competitive remuneration packages and other
    yang kompetitif, Perseroan merumuskan standar sesuai               significant benefits. These packages are formulated based on
    pemeringkatan pegawai dan jenjang jabatan, dengan tetap            employee ranks and position, while ensuring compliance with
    mematuhi ketentuan perundang-undangan dan regulasi yang            labor laws and regulations, particularly regarding Provincial/
    mengatur tentang tenaga kerja, terutama dalam hal ketentuan        Regency/City Minimum Wage (UMP/K) provisions in the
    Upah Minimum Provinsi/Kabupaten/Kota (UMP/K) yang                  Company’s work area. Entry-level employees in the Company,
    berlaku di wilayah kerja Perseroan. Karyawan level terendah di     classified as Aircraft Maintenance Technician, receive a salary
    Perseroan yaitu Aircraft Maintenance Technician mendapatkan        of Rp4,800,000 (four million eight-hundred thousand rupiah)
    gaji Rp4.800.000 (empat juta delapan ratus ribu rupiah) yang       and it is 0.83% higher compared to the Minimum City Payment
    lebih besar 0,83% dari Upah Minimum Kota (UMK) daerah              (UMK) in Tangerang. [OJK F.20]
    Tangerang. [OJK F.20]

    Berikut disampaikan juga rasio gaji pokok dan remunerasi           Furthermore, the ratio of basic salary and remuneration for
    pegawai pria dan wanita sebagai perbandingan. Terlihat bahwa       male and female employees is provided for comparison. There
    tidak ada perbedaan berdasarkan jenis kelamin karena GMF           are no gender-based differences observed, as GMF implements
    mengaplikasikan sistem pengelolan pegawai yang setara antara       an equal employee management system for both men and
    pria dan wanita. [405-2]                                           women. [405-2]


                                             Jabatan                                                           Rasio
                                             Position                                                          Ratio

     Vice President                                                                                             1:1

     General Manager                                                                                            1:1

     Manager                                                                                                    1:1

     Staff                                                                                                      1:1



    GMF menerapkan sistem remunerasi yang adil sesuai dengan           GMF implements a fair remuneration system according to
    jenjang jabatan, masa kerja, hasil penilaian kerja individu, dan   position level, length of service, individual work assessment
    status kepegawaian (pegawai tetap dan tidak tetap). GMF            results, and employment status (permanent and non-permanent
    memastikan bahwa remunerasi yang diterima karyawan telah           employees). GMF ensures that the remuneration received
    memenuhi ketentuan perundang-undangan dan sesuai dengan            by employees complies with statutory provisions and is
    industri yang berlaku. Standar remunerasi juga telah ditentukan    in accordance with the prevailing industry. Remuneration
    berdasarkan Salary Survey yang dilakukan konsultan eksternal,      standards have also been determined based on a Salary Survey
    Willis Tower Watson.                                               conducted by an external consultant, Willis Tower Watson.



                                                                                                             Karyawan Tidak Tetap
                                    Remunerasi/Fasilitas                            Karyawan Tetap
      No.                                                                                                          (PKWT)
                                   Remuneration/Facilities                        Permanent Employee
                                                                                                              Contract Employee

     Honorarium
     Honorarium

              Gaji Pokok
       1.                                                                                  V                               V
              Basic salary

              Insentif
       2.                                                                                  V                               V
              Incentive

     Tunjangan
     Allowances

              Tunjangan Lisensi Perawatan Pesawat Terbang
       1.                                                                                  V                               V
              Aircraft Maintenance License Allowance




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                                                                                                     Karyawan Tidak Tetap
                                      Remunerasi/Fasilitas                        Karyawan Tetap
     No.                                                                                                   (PKWT)
                                     Remuneration/Facilities                    Permanent Employee
                                                                                                      Contract Employee

            Tunjangan Produktifitas Lisensi
      2.                                                                                V                     V
            License Productivity Allowance

            Tunjangan Sertifikasi Profesi
      3.                                                                                V                     V
            Professional Certification Allowance

            Tunjangan Tengah Tahun                                                                            X
      4.                                                                                V
            Mid-Year Allowance

            Tunjangan Hari Raya
      5.                                                                                V                     V
            Holiday allowance

            Tunjangan Jabatan Struktural                                                             Sesuai Kontrak Kerja
      6.                                                                                V
            Structural Position Allowances                                                           Per Working Contract

            Tunjangan Transportasi Struktural
      7.                                                                                V                     V
            Structural Position Transportation Allowances

            Tunjangan Pajak
      8.                                                                                V                     V
            Tax Allowance

            Tunjangan Kemahalan
      9.                                                                                V                     V
            Inconvinient Allowance

            Bantuan Istirahat Tahunan
     10.                                                                                V                     X
            Leave Allowance

            Uang Perjalanan Dinas
     11.                                                                                V                     V
            Business Travel Allowance

            Upah Kerja Lembur
     12.                                                                                V                     V
            Overtime Wages

            Bantuan Uang Transport Khusus
     13.                                                                                V                     V
            Special Transportion Allowance

            Tunjangan Kerja Shift
     14.                                                                                V                     V
            Shift Working Benefits

            Tunjangan Kehadiran
     15.                                                                                V                     V
            Daily Allowance

    Fasilitas/Benefit
    Facilities/Benefit

            Pakaian Seragam dan/atau Pakaian Kerja
      1.                                                                                V                     V
            Uniform and/or Work Clothes

            Tiket Konsesi Pesawat Terbang
      2.                                                                                V                     X
            Airplane Concession Ticket

            Asuransi Tenaga Kerja
      3.                                                                                V                     V
            Labor Insurance

            Asuransi Kesehatan untuk Karyawan dan Keluarga
      4.                                                                                V                     V
            Health Insurance for Employees and Families

            Fasilitas mutasi (uang pindah, perumahan/penggantian perumahan)                          Sesuai Kontrak Kerja
      5.                                                                                V
            Mutation facilities (moving expense, housing/housing replacement)                        Per Working Contract

            Bantuan kacamata
      6.                                                                                V                     X
            Glasses allowance

            Iuran Dana Kesehatan Pensiun
      7.                                                                                V                     X
            Pension Fund Health Contribution

            Program kemudahan (soft loan) ibadah umroh/pilgrim
      8.                                                                                V                     X
            Assistance (soft loan) for umrah/pilgrimage

            Bantuan Kepemilikan Kendaraan (COP)
      9.                                                                                V                     X
            Vehicle Ownership Assistance (COP)



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                                                                                                                Karyawan Tidak Tetap
                                       Remunerasi/Fasilitas                            Karyawan Tetap
      No.                                                                                                             (PKWT)
                                      Remuneration/Facilities                        Permanent Employee
                                                                                                                 Contract Employee

              Apresiasi Momen Khusus Pegawai (pernikahan, kelahiran anak, & ulang
              tahun pernikahan)
       10.                                                                                    V                               X
              Employee Special Moment Appreciation (marriage, child birth &
              wedding anniversary)

              Penghargaan Masa Bakti
       11                                                                                     V                               X
              Long Service Award

              Fasilitas Daycare
       12.                                                                                    V                               V
              Daycare Facility at Office

              Masa Persiapan Pensiun
       13.                                                                                    V                               X
              Retirement Preparation Period

     Cuti
     Paid Leave

              Cuti Tahunan
       1.                                                                                     V                               V
              Annual leave

              Cuti Istimewa
       2.                                                                                     V                               X
              Special leave

              Cuti Sakit
       3.                                                                                     V                               V
              Sick leave

              Cuti di Luar Tanggungan
       4.                                                                                     V                               X
              Unpaid Leave

              Cuti Ibadah
       5.                                                                                     V                               X
              Religious Leave

     Lain-Lain
     Others

              Iuran Pasti (Pensiun)
       1.                                                                                     V                               X
              Pension Contribution

              Penghargaan Masa Bakti 10, 20, 30, dan 35 Tahun
       2.                                                                                     V                               X
              10, 20, 30, and 35 Years of Service Award

              Bantuan Duka Cita
       3.                                                                                     V                               X
              Grief Support

       4.     Dana Employee Gathering                                                         V                               V


    Pada Tahun 2024, Perseroan sudah mulai menunjukan                     In 2024, the company has started to show positive developments
    perkembangan positif sehingga terdapat beberapa benefit               so that there are several benefits that were not previously
    yang sebelumnya ditangguhkan mulai diberikan kembali dengan           provided, they are starting to be given back, while continuing
    tetap menjalankan program efisiensi pada bisnis proses lainnya.       to run efficiency programs in other business processes.

    PENERAPAN REWARD & PUNISHMENT                                         REWARD & PUNISHMENT

    INSENTIF                                                              Rewards
    GMF mengapresiasi karyawan yang memiliki kinerja baik                 GMF appreciates employees who have good performance by
    dengan mengikutsertakannya ke dalam program pengembangan              enrolling them in self-development programs or by providing
    diri ataupun melalui pemberian insentif (reward). Pemberian           incentives (reward). Giving appreciation is expected to trigger
    apresiasi diharapkan dapat memicu semangat karyawan untuk             employee enthusiasm to continue to maintain performance
    terus mempertahankan kinerja dan berinovasi.                          and innovate.




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   Pada tahun 2024 Perseroan berfokus pada sistem reward yang            In 2024, the Company focuses on a reward system called
   disebut Tunjangan Produktivitas. Tunjangan produktivitas              Productivity Allowance. Productivity allowances are given to
   diberikan bagi Pegawai yang memiliki keahlian khusus dan              employees who have special skills and contribute directly to
   berkontribusi langsung dalam menghasilkan pendapatan                  generating the Company’s revenue. Productivity allowance
   Perusahaan. Penghargaan tunjangan produktivitas bersifat              awards are variable and are linked to the productivity and
   variable yang dikaitkan terhadap produktivitas dan bobot              weight of the projects being worked on.
   proyek yang dikerjakan.

   Perseroan juga memiliki reward non-finansial melalui GMF              The company also owns reward non-financially through GMF
   Eazy berupa:                                                          Eazy in the form of:
   • GMF Eazy Umrah & Pilgrim yang memudahkan karyawan                   • GMF Eazy Umrah & Pilgrim which makes it easy for
      melakukan perjalanan umroh atau pilgrim dengan pinjaman               employees to travel for Umrah or Pilgrim with interest-
      tanpa bunga.                                                          free loans.
   • GMF Eazy Hajj yang merupakan bantuan dana talangan Haji             • GMF Eazy Hajj which is a Hajj bailout fund
   • GMF Eazy Home berupa bantuan pembayaran down                        • GMF Eazy Home in the form of assistance in making a down
      payment pembelian rumah pertama                                       payment for the first home purchase
   • GMF Eazy Edu yang merupakan bantuan dana talangan                   • GMF Eazy Edu, which is a bailout fund for educational
      biaya pendidikan melalui pinjaman tanpa bunga;                        expenses through interest-free loans;

   Pada Tahun 2024, program GMF Eazy yang dilaksanakan adalah            In 2024, the GMF Eazy program implemented is GMF Eazy
   GMF Eazy Edu dimana Perseroan tetap turut mendukung                   Edu where the Company continues to support employee
   program pengembangan karyawan secara mandiri melalui                  development programs independently through educational
   bantuan pembiayaan Pendidikan (kuliah atau short course).             (college or short course) funding assistance. Meanwhile, the
   Sedangkan untuk program GMF Eazy lainnya masih belum                  other GMF Eazy programs have not yet been implemented
   dilaksanakan dan menyesuaikan dengan kondisi Perseroan.               and adapted to the conditions of the Company.

   HUKUMAN                                                               Punishment
   GMF memberikan punishment kepada karyawan yang                        There is a punishment for employees who commit violations.
   melakukan pelanggaran. Bentuk-bentuk punishment bervariasi            The penalty may be through sanctions or disciplinary action
   seperti sanksi atau hukuman disiplin berdasarkan tingkat dan          of different levels. The sanctions are categorized into mild,
   jenis sanksi yang berlaku. Jenis sanksi yang berlaku meliputi         moderate, and severe types. The sanction is determined based
   sanksi disiplin ringan, sedang, dan berat. Penetapannya               on the type of violation, the impact, and other elements of the
   ditentukan dengan berdasarkan pelanggaran yang dilakukan,             action.
   dampak yang ditimbulkan, dan unsur dari perbuatan.


                                               Sanksi Berdasarkan Jenis Pelanggaran
                                                       Sanction by Type of Violation

        Sanksi Pelanggaran Disiplin Ringan        Saksi Pelanggaran Disiplin Sedang                    Saksi Pelanggaran Disiplin Berat
            Light Disciplinary Sanction             Moderate Disciplinary Sanction                       Severe Disciplinary Sanction

                                              Penurunan base salary sebesar 5%-10% selama Penurunan base salary sebesar 10% selama
    Peringatan lisan
                                              4 bulan.                                      12 bulan.
    Verbal warning
                                              Base salary decreases by 5%-10% for 4 months. Base salary decreases by 10% for 12 months.

                                                                                                  Pembebasan dari jabatan struktural dan
                                              Pembebasan dari jabatan struktural dan              setelah 3 tahun dapat diangkat kembali menjadi
                                              setelah 6 bulan dapat diangkat kembali menjadi      pejabat stuktural namun tidak pada posisi
                                              pejabat struktural namun tidak pada posisi          jabatan yang sama, dan pemutusan hubungan
    Peringatan tertulis
                                              jabatan yang sama.                                  kerja (PHK).
    Written warning
                                              Exemption from the structural postion and           Exemption from the structural postion and
                                              might be reappointed after 6 months as a            might be reappointed after 3 years as a
                                              structural official but not in the same position.   structural official but not in the same position,
                                                                                                  and work termination.




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    GMF memiliki program “ Save Discipline Culture ” untuk                   GMF embedded culture of discipline among employees through
    membangun budaya disiplin di dalam Perseroan. Program ini                the “Save Discipline Culture”. This program includes Work Time
    meliputi Disiplin Waktu Kerja, Disiplin Penggunaan Seragam               Discipline, Work Uniform Discipline, and Briefing Discipline for
    Kerja, dan Disiplin Briefing 10 (sepuluh) menit. Program ini             10 (ten) minutes. There is a point system in this program that
    menggunakan sistem poin yang dikendalikan oleh setiap                    both employees and the Company can control. The Company
    karyawan dan Perseroan. Laporan disiplin ini memiliki pengaruh           may determine the proper rewards and punishments for
    terhadap pemberian reward dan punishment kepada pegawai                  employees based on this discipline report.
    bersangkutan.


                                        Pemberian Punishment Terhadap Karyawan 2020-2024
                                                 Employee Punishment 2019-2023
             Jenis Sanksi
                                    2024                   2023                     2022                    2021                       2020
           Type of sanction

     Sanksi Ringan
                                               0                       0                        0                        0                       0
     Light Sanction

     Sanksi Sedang
                                              13                     18                         8                        9                       0
     Medium Sanction

     Sanksi Berat
                                               6                       5                      11                         4                       4
     Heavy Sanction

     Jumlah
                                              19                     23                       19                       13                        4
     Total


    TANTANGAN PENGELOLAAN K3 [GRI 403-2]                                     CHALLENGES IN MANAGING OHS [GRI 403-2]

    Salah satu aspek pengelolaan K3 yang menantang dalam                     One of the most challenging aspects of OHS or K3 management
    lingkungan Perseroan adalah pada area Hangar yang memiliki               within the Company is the Hangar area which has the highest
    tingkat risiko kecelakaan kerja paling tinggi dibandingkan area          risk of work accident compared to other areas. To anticipate
    lainnya. Guna mengantisipasi risiko kecelakaan, Perseroan telah          the accident risks, the Company has created a mapping strategy
    melakukan pemetaan area sebagai berikut:                                 of the following areas:


                      Wilayah                                              Jenis Pekerjaan dengan Risiko Tinggi
                       Area                                                      Work Type with High Risk

                                           Working at high, remove and assembly heavy part (engine, flaps, landing gear, etc.), welding aircraft
     Hangar 1-4                            engine, radiation (only if NDT test take place in the hangar), Hydraulic Function Test, plugging and
                                           unplugging of the electrical ground source.

                                           Painting, loading heavy parts, release pressure in a tire, machining (rotary machine TBR), welding,
     Workshop 1
                                           plating process TCW, Operation Boiler, Radiation in NDT Lab.

     Workshop 2                            Release and refill pressurize tube, electrical testing component.

     Facility                              Maintenance in Generator and Motor Room.

     Material Building                     Loading and unloading of a heavy part.

                                           Welding, working at high, the rotary machine, thermal spray (hot work), sanding and painting, electrical
     GSE
                                           testing.

     Engine Shop                           Radiation in NDT Test, chemical exposure in cleaning, hot work thermal spray, the rotary machine,
                                           welding, assembly disassembly engine and APU, welding.

     Test Cell                             Fire and explosion in testing APU and Engine.

     Chemical Store                        Loading unloading, fire and exposure chemical.

     Learning Service                      Machining activity.

     Apron                                 Working at high places.




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                                            Peta Area dengan Risiko Potensi Bahaya Tinggi
                                                        Areas with High Potential Risk




   Berdasarkan tabel risiko dan peta tersebut, Perseroan telah           Based on the table and map, the Company made a comprehensive
   menyusun strategi dan pengelolaan K3 secara komprehensif,             OHS strategy and management, which will be disclosed in the
   yang akan diungkapkan di pembahasan selanjutnya, untuk                next discussion, to protect employees and ensure business
   melindungi karyawan dan juga memastikan keberlangsungan               continuity.
   usaha.

   PROGRAM KESEHATAN DAN                                                 OCCUPATIONAL HEALTH AND SAFETY
   KESELAMATAN KERJA [GRI 403-3] [ESG S-11]                              PROGRAM [GRI 403-3] [ESG S-11]

   Perseroan melaksanakan berbagai program K3 secara rutin               The Company regularly implements various OHS programs
   melalui bincang-bincang health talk di setiap dinas, program          of health talks in each department, self-evaluation and self-
   evaluasi diri self-measurement, seminar kesehatan, sistem             measurement programs, health seminars, hazard mapping
   mapping hazard dan mitigasinya, serta jalan sehat atau sepeda         system and mitigation, as well as walking and bicycling.
   sore.

   Perseroan juga memiliki sejumlah peraturan, perundangan               The Company also has several regulations, laws, and other
   dan persyaratan lainnya yang berlaku terkait Keselamatan,             requirements on occupational safety, health, and the
   Kesehatan Kerja dan Lingkungan. Berbagai aktivitas yang telah         environment. Continous activities carried out for many years
   dijalankan secara berkelanjutan dari tahun ke tahun yaitu untuk       to enforce the OHS regulations including safety patrols,
   menegakkan peraturan-peraturan terkait K3 adalah safety               safety induction, waste management, and safety performance
   patrol, safety induction, pengelolaan limbah, dan pengelolaan         management (safe working hours). Each program has its criteria
   safety performance (jam kerja aman). Setiap program memiliki          and requirement that must be fulfilled and followed by all
   kriteria dan persyaratan yang wajib dipenuhi dan ditaati oleh         employees without exception.
   segenap karyawan GMF tanpa terkecuali.

   Guna menjamin adanya realisasi K3 di lingkungan usaha                 To ensure OHS has been applied within the Company’s business
   Perseroan, terdapat aktivitas penilaian/pengukuran secara             environment, there are periodic assessments/measurements
   berkala yang mencakup Hazard Identification, Risk Assessment,         which include Hazard Identification, Risk Assessment, and
   and Determining Control (HIRADC) dari seluruh kegiatan GMF.           Determining Control (HIRADC) of all GMF activities.

   Berbagai program keselamatan kerja yang telah dilakukan GMF           The work safety programs that have been carried out by GMF
   di sepanjang tahun 2024 adalah sebagai berikut:                       throughout 2024 were as follows:


                                                                      Aktivitas
     No.
                                                                      Activities

            Perseroan memberikan program Jaminan Kesehatan bagi pegawai dan keluarga inti mereka berupa asuransi pelayanan kesehatan
            komersil guna pelayanan rawat jalan dan rawat inap.
      1.
            The Company provides a Health Insurance program for employees and their immediate families in the form of commercial health
            insurance for outpatient and inpatient services.

            Perseroan memberikan program jaminan BPJS Kesehatan bagi pegawai dan keluarga inti pegawai.
      2.
            The Company provides a BPJS Health Insurance program for employees and their immediate families.




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                                                                           Aktivitas
       No.
                                                                           Activities

              Perseroan memberikan program jaminan BPJS Ketenagakerjaan bagi pegawai.
        3.
              The Company provides a BPJS Employment Insurance program for employees.

              Perseroan melaksanakan dan memfasilitasi pegawai dengan serangkaian program preventif dan promotif untuk menunjang kesehatan
              pegawai baik secara luring ataupun daring.
        4.
              The Company implements and facilitates a series of preventive and promotive programs to support employee health, both offline
              and online.

              Pelaksanaan Wellness Program berupa Program GMF Fit rutin berkolaborasi dengan GMF Community.
        5.
              Implementation of the Wellness Program, namely the GMF Fit Program, is carried out routinely in collaboration with the GMF Community.

              Pelaksanaan program Webinar Kesehatan bekerjasama dengan rekanan asuransi komersil dan rumah sakit.
        6.
              Implementation of Health Webinars in collaboration with commercial insurance partners and hospitals.

              Pelaksanaan seminar dan Free Check PAPSMEAR bekerjasama dengan rekanan asuransi komersil.
        7.
              Implementation of seminars and Free PAPSMEAR Checks in collaboration with commercial insurance partners.

              Pelaksanaan Audit Internal HSE 2024 berdasarkan Sistem Manajemen Keselamatan dan kesehatan Kerja PP 50 tahun 2012 dan
              ISO 45001:2018.
        8.
              Implementation of 2024 Internal HSE Audit based on the Occupational Health and Safety Management System (PP 50 of 2012) and
              ISO 45001:2018.

              Pelaksanaan Audit Renewal ISO 45001:2018 dan SMK3 PP 50 tahun 2012.
        9.
              Implementation of ISO 45001:2018 and SMK3 PP 50 of 2012 Renewal Audit.

              Pelaksanaan Safety Patrol 2024 dan pemenuhan Quality, Cost, Delivery Project.
       10.
              Implementation of 2024 Safety Patrol and fulfillment of Quality, Cost, and Delivery Projects.

              Penyediaan matriks training Keselamatan, Kesehatan Kerja dan Lingkungan tahun 2024.
       11.
              Provision of the 2024 Occupational Health, Safety, and Environmental (K3L) Training Matrix.

              Pengawasan pelaksanaan proyek fasilitas dan renovasi bangunan.
       12.
              Supervision of facility projects and building renovations.

              Pelaksanaan kajian dokumen Hazard identification, Risk Assessment & Determining Control (HIRADC) Dinas.
       13.
              Review of Hazard Identification, Risk Assessment & Determining Control (HIRADC) documentation by relevant authorities.

              Pelaksanaan program 5R Korporat tahun 2024.
       14.
              Implementation of the Corporate 5R Program 2024.

              Survei Psikologi 2024.
       15.
              Implementation of the 2024 Psychological Survey.

              Survei Kelelahan Kerja 2024.
       16.
              Implementation of the 2024 Work Fatigue Survey.

              Pelaksanaan QHSE Satisfaction Survey 2024.
       17.
              Implementation of the 2024 QHSE Satisfaction Survey.

              Pengawasan Lost Time Injury (LTI).
       18.
              Supervision of Lost Time Injury (LTI) cases.

              Pelaksanaan Safety Induction bagi pengunjung dan pekerja.
       19.
              Implementation of Safety Induction for visitors and workers.

              Pelaksanaan Emergency Drill untuk kondisi gawat darurat berupa Hurricane di area Hangar 2.
       20.
              Implementation of an Emergency Drill for hurricane emergency conditions in Hangar 2.

              Pelaksanaan Bulan K2 Nasional 2023 di area Perseroan.
       21.
              Implementation of National Occupational Safety and Health Month (K2) 2023 at the Company premises.

              Pelaksanaan Management Review HSE 2024 (Kinerja 2023).
       22.
              Implementation of the 2024 HSE Management Review (2023 Performance).

              Pelaksanaan Workshop HSE & 5R 2024.
       23.
              Implementation of the 2024 HSE & 5R Workshop.

              Penyusunan HSE Plan untuk Contractor Safety Management System (CSMS) proyek non-aviasi.
       24.
              Preparation of an HSE Plan for the Contractor Safety Management System (CSMS) for non-aviation projects.

              Pengukuran lingkungan kerja semester dan tahunan oleh laboratorium tersertifikasi.
       25.
              Implementation of semi-annual and annual workplace environment measurements by a certified laboratory.



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                                                                           Aktivitas
     No.
                                                                           Activities

            Pelaksanaan training kompetensi operator Pressure Vessel.
     26.
            Implementation of competency training for Pressure Vessel operators.

            Penyediaan 1 personil Ahli Muda Hygiene Industri (HIMU).
     27.
            Provision of 1 Junior Industrial Hygiene Expert (HIMU) personnel.

            Pelaksanaan pelatihan kompetensi personil AK3 Lingkungan Kerja.
     28.
            Implementation of competency training for AK3 Workplace Environment personnel.

            Pelaksanaan sertifikasi mesin Computer Numerical Control (CNC), Mesin Drilling, Mesin vertical Turning & Boring, Mesin Drilling
            Radial serta Resertifikasi peralatan seperti Overhead Travelling Crane, Monorail Electric Chain Hoist & Engine, Mobile Crane, Single
            Grider Overhead Travelling Crane, Double Grider Overhead Travelling Crane, Pilar Mounted Slewing Jib Crane, Forklift, Cargo Lift,
            Instalasi Listrik, Fire Alarm, Air Receiver Tank, Tangki Solar, Instalasi Penyalur Petir dan Storage Tank.
     29.
            Certification of Computer Numerical Control (CNC) machines, Drilling Machines, Vertical Turning & Boring Machines, and Radial
            Drilling Machines, as well as re-certification of equipment such as Overhead Travelling Crane, Monorail Electric Chain Hoist & Engine,
            Mobile Crane, Single Girder Overhead Travelling Crane, Double Girder Overhead Travelling Crane, Pillar Mounted Slewing Jib Crane,
            Forklift, Cargo Lift, Electrical Installations, Fire Alarm, Air Receiver Tank, Diesel Tank, Lightning Protection System, and Storage Tank.



   PEMBENTUKAN P2K3                                                           ESTABLISHMENT OF P2K3

   Perseroan telah memiliki Panitia Pembina Keselamatan dan                   The Company has formed an Occupational Safety and Health
   Kesehatan Kerja (P2K3) yang mengacu kepada Peraturan                       Committee (P2K3) which refers to the Regulation of the
   Menteri Tenaga Kerja No. PER.04/MEN/1987 tentang Panitia                   Minister of Manpower No. PER.04/MEN/1987 concerning
   Pembina Keselamatan dan Kesehatan Kerja serta Tata Cara                    the Committee to Guide the Occupational Safety and Health
   Penunjukan Ahli Keselamatan Kerja. P2K3 merupakan badan                    and Procedures to Appoint Occupational Safety Experts. P2K3
   pembantu sebagai wadah kerja sama antara Perseroan dan                     becomes an auxiliary body and a forum of cooperation between
   karyawan untuk mengembangkan kerja sama dalam penerapan                    the Company and employees to cooperate in implementing
   keselamatan dan kesehatan kerja.                                           occupational safety and health.

   Keputusan Kepala Dinas Tenaga Kerja dan Transmigrasi                       Based on the Head of the Banten Province Manpower and
   Provinsi Banten Nomor 188.4/3/017-DTKT/P2K3/I/2024                         Transmigration Service Decree Number 188.4/3/017-DTKT/
   tanggal 23 Januari 2024 tentang Susunan Pengurus Panitia                   P2K3/I/2024 dated January 24th ,2024 concerning the
   Pembina Keselamatan dan Kesehatan Kerja (P2K3) PT Garuda                   Composition of the Management Committee for Occupational
   Maintenance Facility Aero Asia Tbk telah mengesahkan struktur              Safety and Health (P2K3) of PT Garuda Maintenance Facility
   organisasi P2K3 Perseroan. Penanggung jawab pengurus P2K3                  Aero Asia Tbk has ratified the organizational structure of the
   perusahaan adalah Direktur Utama GMF. Pengurus P2K3                        Company’s P2K3. The person in charge of the Company’s
   diketuai Direktur Human Capital & Corporate Affairs dengan                 P2K3 management is the President Director of GMF. P2K3
   sekretaris dan jumlah anggota 19 orang, yang merupakan Vice                is comprised of 19 members (the Vice President/VP of each
   President (VP) dari masing-masing Dinas yang ada di Perseroan.             department at the Company) and is chaired by the Director
                                                                              of Human Capital & Corporate Affairs.

   Pengurus P2K3 mempunyai tugas untuk memberikan saran dan                   P2K3 has to give advice and recommendations regarding
   pertimbangan, baik diminta maupun tidak, kepada pengusaha                  occupational health and safety (OHS), whether requested or
   atau pengurus terkait keselamatan dan kesehatan kerja (K3).                not, to employers or administrators. The roles and functions
   Adapun peran dan fungsi anggota P2K3 adalah sebagai berikut:               of P2K3 members are as follows:
   1. Menghadiri pertemuan P2K3, memberikan kontribusi                        1. Attend P2K3 meetings, make contributions through ideas,
      berupa ide, masukan, dan pengalaman terkait K3;                             input, and experiences related to HSE;
   2. Mengumpulkan dan melaporkan informasi seluruh                           2. Collect and report information on all assignments during
      penugasan pada pertemuan P2K3;                                              P2K3 meetings;
   3. Penilaian terhadap aspek K3;                                            3. Assessment of HSE aspects;
   4. Mengumpulkan dan menganalisis masukan dari personil                     4. Collect and analyze input concerning HSE from personnel;
      terkait aspek K3;
   5. Menyampaikan informasi terkait hasil pertemuan P2K3                     5. Deliver results of P2K3 meetings to all personnel in their
      kepada seluruh personil di area kerja masing-masing; dan                   respective work areas; and
   6. Melaksanakan inspeksi dan investigasi terkait aspek K3.                 6. Make inspections and investigations related to HSE aspects.




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    TOPIK K3 DALAM PERJANJIAN                                            OHS TOPIC IN COLLECTIVE
    KERJA BERSAMA [GRI 403-4]                                            LABOR AGREEMENT [GRI 403-4]

    Perseroan menandatangani Perjanjian Kerja Bersama (PKB)              The Company signed the 2019-2021 Collective Labor
    2019-2021 yang masih berlaku pada tahun 2024 memuat                  Agreement (PKB) which contains several articles of HSE as a
    sejumlah pasal terkait topik K3 sebagai bentuk komitmen              form of joint commitment between GMF and employees. These
    bersama antara GMF dan karyawan. Pasal-pasal tersebut                articles regulate working time, overtime, sick pay, and welfare
    mengatur tentang waktu kerja, waktu kerja lembur, penghasilan        facilities. Discussion of OHS is also available in a separate
    pada masa sakit, dan fasilitas kesejahteraan. Pembahasan K3          chapter, at the Occupational Safety and Health. Overall, the
    secara khusus juga dicantumkan dalam Bab tersendiri, yaitu           discussion of OHS, which is set out in PKB covers 16 of the
    Keselamatan dan Kesehatan Kerja. Secara keseluruhan,                 total 88 articles, or 18.18%. This proportion is still the same
    pembahasan K3 yang tercantum dalam PKB dimuat dalam 16               as last year and it is still relevant to the current situation. The
    pasal dari 88 pasal atau 18,18% dari keseluruhan topik yang          articles that discussed OHS are as follows:
    tercakup dalam PKB. Proporsi ini masih sama dengan proporsi di
    tahun sebelumnya karena Perseroan masih menganggap bahwa
    hal tersebut masih relevan dengan kondisi saat ini. Rincian pasal
    K3 tersebut adalah sebagai berikut:


                   Pasal                                                           Topik
                  Articles                                                         Topics

     Pasal 21                       Waktu Kerja
     Article 21                     Working Hours

     Pasal 22                       Waktu Istirahat Menyusui Bagi Karyawati
     Article 22                     Nursing Break for Female Employees

     Pasal 23                       Waktu Kerja Lembur
     Article 23                     Overtime

     Pasal 24                       Hari Libur Resmi
     Article 24                     Official Holidays

     Pasal 25                       Waktu Istirahat dan Cuti
     Article 25                     Break Time and Work Leave

     Pasal 27                       Cuti Khusus Karyawati
     Article 27                     Special Leave for Female Employees

     Pasal 28                       Fasilitas Khusus Ruang Menyusui dan Perawatan Bayi
     Article 28                     Special Facility of Nursery and Baby Care Room

     Pasal 42                       Jenis Pemutusan Hubungan Kerja
     Article 42                     Type of Employment Termination

     Pasal 49                       Pemutusan Hubungan Kerja karena Meninggal Dunia
     Article 49                     Employment Termination due to Death

     Pasal 51                       Hak-hak Kepegawaian
     Article 51                     Employee Rights

     Pasal 61                       Penghasilan Pada Masa Sakit
     Article 61                     Income during Sick Leave

     Pasal 67                       Upah Kerja Lembur
     Article 67                     Overtime Payment

     Pasal 76                       Pemberian Fasilitas Kesejahteraan
     Article 76                     Provision of Welfare Facilities

     Pasal 77                       Jenis Fasilitas Kesejahteraan
     Article 77                     Types of Welfare Facilities

     Pasal 85                       Manajemen K3
     Article 85                     HSE Management

     Pasal 86                       Program Keselamatan dan Kesehatan Kerja
     Article 86                     Occupational Health and Safety Programs




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               Pasal                                                           Topik
              Articles                                                         Topics

    Lampiran IV                    Besarnya Uang Pesangon
    Attachment IV                  Severance Payment

    Lampiran X                     Program Kesehatan Pensiunan
    Attachment X                   Pension Health Program


   SISTEM MANAJEMEN KESELAMATAN                                       WORK HEALTH AND SAFETY
   DAN KESEHATAN KERJA                                                MANAGEMENT SYSTEM

   GMF telah menerapkan Sistem Manajemen Keselamatan dan              GMF has implemented an Occupational Health and Safety
   Kesehatan Kerja (SMK3) yang disesuaikan dengan Peraturan           Management System (SMK3) according to Government
   Pemerintah No. 50 tahun 2012 tentang Penerapan Sistem              Regulation No. 50 of 2012 concerning the Implementation of
   Manajemen Keselamatan dan Kesehatan Kerja. Tujuan dari             Occupational Health and Safety Management Systems. SMK3
   penerapan SMK3 adalah untuk meningkatkan efektivitas               is implemented to increase the effectiveness of occupational
   perlindungan keselamatan dan kesehatan kerja untuk mencegah        safety and health protection to prevent occupational accidents
   kecelakaan kerja dan penyakit akibat kerja. Pada tahun 2024,       and diseases. In 2024, GMF has implemented SMK3 according
   GMF telah melaksanakan SMK3 yang diterapkan sesuai dengan          to the ISO 45001:2018 standard and SMK3 PP 50/2012 after
   standar ISO 45001:2018 dan SMK3 PP 50 Tahun 2012 setelah           a surveillance audit by Sucofindo International Certification
   melaksanakan proses audit surveillance yang dilakukan oleh pihak   Services, an external party.
   eksternal yaitu Sucofindo International Certification Services.




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                                                                   Tingkat Kecelakaan Kerja
                                                                                           Accident Rate at Work


    Bidang usaha Perseroan di industri MRO memiliki risiko               The Company’s line of business in the MRO industry has work
    terjadinya kecelakaan kerja yang mungkin terjadi akibat              risks that may occur due to human error or other factors. Every
    faktor human error ataupun lainnya. GMF menerapkan                   employee went to Safety Induction to prevent and reduce
    Safety Induction kepada setiap karyawan untuk mencegah               workplace accidents. In 2024, there were several work accidents
    dan mengurangi kemungkinan terjadinya kecelakaan kerja.              but none resulted in death as presented in the following table:
    Pada tahun 2024, tercatat telah terjadi insiden kecelakaan kerja     [GRI 403-9, 403-10]
    namun dan tidak ada insiden yang mengakibatkan kematian
    sebagaimana tersaji dalam tabel berikut: [GRI 403-9, 403-10]


                                                      Tingkat Penyakit Akibat
                            Tingkat Cedera (IR)             Kerja (ODR)           Tingkat Hari Hilang (LDR)        Tingkat Absen (AR)
                              Injury Rate (IR)        Occupational Disease Rate      Lost Day Rate (LDR)           Absence Rate (AR)
         Wilayah
                                                               (ODR)
          Area
                            Pria        Wanita          Pria         Wanita         Pria         Wanita          Pria                Wanita
                            Male        Female          Male         Female         Male         Female          Male                Female

     Hangar 1                 0.95                0            0              0        1.32               0               0                   0

     Hangar 2                 0.60                0            0              0        0.84               0               0                   0

     Hangar 3                 0.69                0            0              0        0.96               0               0                   0

     Hangar 4                 1.73            0.09             0              0        2.39            0.12               0                   0

     Workshop 1               0.35                0            0              0        0.48               0               0                   0

     Workshop 2               0.17                0            0              0        0.24               0               0                   0

     Facility                 0.09                0            0              0        0.12               0               0                   0

     Material
                                   0              0            0              0            0              0               0                   0
     Building

     GSE                      0.17                0            0              0        0.24               0               0                   0

     Engine Shop              0.09                0            0              0        0.12               0               0                   0

     Test Cell                     0              0            0              0            0              0               0                   0

     Chemical Store           0.09                0            0              0        0.12               0               0                   0

     Learning Service         0.09                0            0              0        0.12               0               0                   0

     Apron                    0.43                0            0              0        0.60               0               0                   0

     Multibase                0.17                0                                    0.24               0               0                   0

     Public area              0.17                0            0              0        0.24               0               0                   0

     Jumlah                   0.00            0.09             0              0            0           0.12               0                   0
     Total                    5.87            0.17             0              0        8.13            0.24




    Berdasarkan analisa yang dilakukan, beberapa insiden                 Based on the analysis, some of these work accidents were
    kecelakaan kerja ini diakibatkan kurangnya kehati-hatian pada        caused by a lack of caution when working from morning until
    pekerjaan di pagi-siang hari. Dengan terjadinya insiden tersebut,    the afternoon. GMF had taken actions to correct and prevent
    GMF telah melakukan tindakan perbaikan dan pencegahan, di            future accidents as follows: [GRI 403-6, 403-7]
    antaranya: [GRI 403-6, 403-7]


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   1. Penyediaan fasilitas pencegahan kecelakaan kerja meliputi         1. Provided work accident prevention facilities, including
      Safety Sign dan rambu-rambu peringatan;                              safety signs and warning signs;
   2. Pelaksanaan program Behavior Based Safety (BBS);                  2. Implemented the Behavior Based Safety (BBS) program;
   3. Pelaksanaan Safety Briefing kepada personil terkait               3. Conducted Safety Briefings for personnel regarding work
      kecelakaan kerja dan prosedur kerja aman;                            accidents and safe work procedures;
   4. Pelaksanaan dan pemantauan Preventive Maintenance                 4. Implemented and monitored the Preventive Maintenance
      Inspection (PMI);                                                    Inspections (PMI);
   5. Penyediaan dan pemantauan Alat Pelindung Diri (APD);              5. Providied and monitored Personal Protective Equipment
                                                                           (PPE);
   6. Pelaksanaan Safety Patrol rutin.                                  6. Conducted routine Safety Patrols.

   KESEHATAN PEGAWAI                                                    EMPLOYEES HEALTH

   Perseroan telah menerapkan kebijakan serta menyediakan               The Company has implemented policies and provided work
   sarana dan prasarana keselamatan kerja. Fasilitas kesehatan          safety facilities and infrastructure. The health facilities are
   yang disediakan Perseroan berupa InHouse Clinic, pelayanan           InHouse Clinic, examination services by general practitioners,
   pemeriksaan oleh dokter umum, dokter gigi, pelayanan UGD dan         dentists, emergency services, ambulance, pharmacies, and
   ambulans, apotek, dan optik. Perseroan juga memiliki fasilitas       optics. The Company also has a blood sampling facility.
   Medical Check Up yang diberikan kepada pegawai setiap 2
   tahun dan fasilitas Dokter Okupasi yang diberikan kepada
   pegawai untuk assessment penyakit akibat kerja dan kelayakan
   kembali bekerja

   BIAYA TERKAIT PENGELOLAAN ASPEK                                      COST OF EMPLOYMENT, OCCUPATIONAL
   KETENAGAKERJAAN, KESELAMATAN                                         HEALTH, AND SAFETY MANAGEMENT
   DAN KESEHATAN KERJA

   Biaya yang dikeluarkan Perseroan untuk mengelola aspek               The Company spent Rp1,756,172,267 to manage employment,
   ketenagakerjaan, keselamatan, dan kesehatan kerja pada tahun         safety, and health aspects in 2024. This represents a decrease of
   2024 berjumlah Rp1,756,172,267. Terjadi penurunan sebesar            23.53% compared to the previous year. This decrease occurred
   23.53% dibandingkan tahun sebelumnya. Hal ini terjadi karena         due to the adjustment on the Company’s operational activities.
   penyesuaian kegiatan operasional Perusahaan.


                                                                                                            Kenaikan      Penyerapan
                                                                                                          (Penurunan)      Anggaran
                                           Realisasi 2024      Realisasi 2023        Anggaran 2024
                   Perihal                                                                                  Increase         2024
                                          2024 Realization    2023 Realization        Budget 2024
                   Subject                                                                                 (Decrease)     2024 Budget
                                                (Rp)                (Rp)                 (Rp)
                                                                                                           2023-2024       Absorption
                                                                                                               (%)            (%)

    Pengelolaan K3
                                              1,437,601,529         2,168,663,804       1,392,184.000          (33.71%)        103.26%
    OHS Management

    Sertifikasi K3
                                                236,433,888            70,600,000         209,888,888          234.89%         112.65%
    OHS Certification

    Training K3
                                                 23,797,500            28,445,400          16,400,000          (16,34%)        145.11%
    OHS Training

    Sosialisasi dan Promosi K3
                                                 58,339,350            28,900,000          51,000,000          101.87%         114.41%
    OHS Socialization and Promotion

    Jumlah
                                              1,756,172,267         2.296,609,204       1,669,472,888         (23.53%)       (105.19%)
    Total




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    PENCAPAIAN TANGGUNG JAWAB                                        ACHIEVEMENT IN SOCIAL
    SOSIAL TERKAIT KETENAGAKERJAAN,                                  RESPONSIBILITY FOR EMPLOYMENT,
    KESELAMATAN DAN KESEHATAN KERJA                                  OCCUPATIONAL HEALTH, AND SAFETY

    Kondisi lingkungan kerja GMF terbilang kondusif dimana           GMF’s work environment was conducive until the end of 2024
    hingga akhir tahun 2024 tidak terdapat permasalahan antara       with no major issues between employees and the Company that
    karyawan dan Perseroan yang berdampak besar terhadap             could affect business continuity. Every issue on employment
    keberlangsungan usaha. Setiap permasalahan mencakup              was resolved properly by the Human Capital Division through
    ketenagakerjaan dapat diselesaikan dengan baik oleh Divisi       a communicative and constructive approach.
    Human Capital dengan melakukan pendekatan komunikatif
    dan konstruktif.

    Perseroan juga memiliki sertifikasi ISO 45001:2018 –             The Company has obtained the ISO 45001:2018 – Occupational
    Occupational Health Safety Management System yang                Health Safety Management System certification from Sucofindo
    diberikan oleh Sucofindo International Certification Services.   International Certification Services. This certification is an
    Sertifikasi ini merupakan upgrade dari sertifikat OHSAS          upgrade from the OHSAS 18001:2007 certificate that the
    18001:2007 yang telah didapatkan sebelumnya. Sertifikan          Company has obtained. The ISO 45001:2018 certificate was
    ISO 45001:2018 diterbitkan pada tanggal 13 September 2024        issued on September 13, 2024, and is valid until April 3, 2027.
    dan berlaku hingga 3 April 2027. Selain itu SMK3 yang dimiliki   In addition, the Company’s SMK3 has also been legitimized by
    Perseroan juga telah mendapatkan legitimasi dari Menteri         the Minister of Manpower of the Republic of Indonesia.
    Ketenagakerjaan Republik Indonesia.

    Selain itu, Perseroan juga mendapatkan sertifikat penghargaan    In addition, the Company also received Panitia Pembina
    Panitia Pembina Keselamatan dan Kesehatan Kerja (P2K3) serta     Keselamatan dan Kesehatan Kerja (P2K3) and Pencegahan
    Pencegahan dan Penanggulangan (P2)-HIV/AIDS dari Menteri         dan Penanggulangan (P2)-HIV/AIDS certificate of merit from
    Ketenagakerjaan Republik Indonesia yang terbit pada tahun        the Minister of Manpower of the Republic of Indonesia in 2024.
    2024. Perseroan juga mendapatkan sertifikat dari Dinas Tenaga    The Company also received a certificate of merit from the
    Kerja dan Transmigrasi Provinsi Banten terkait penghargaan       Manpower and Transmigration Office of Banten Province in
    P2K3 dan P2-HIV AIDS.                                            terms of P2K3 and P2 HIV-AIDS .

    PERLINDUNGAN TERHADAP HAM,                                       PROTECTING HUMAN RIGHTS,
    PERLINDUNGAN DARI PELECEHAN                                      PROTECTION AGAINST SEXUAL
    SEKSUAL, DAN TINDAKAN                                            HARRASMENT, AND OTHER
    DISKRIMINASI LAINNYA                                             DISCRIMINATIONS

    Selain memperhatikan tempat kerja yang aman dan melindungi       In addition to ensuring a safe workplace and protecting
    karyawan dari risiko fisik, Perseroan juga melindungi karyawan   employees from physical risks, the Company also protects its
    dari risiko lainnya seperti pelanggaran terhadap Hak Asasi       employees from other risks, such as violations of human rights
    Manusia (HAM) dan kejadian pelecehan seksual atau tindakan       (HR) and incidents of sexual harassment or other discriminatory
    diskriminasi lainnya.                                            actions.

    Sepanjang tahun 2024, tidak terdapat kejadian pelanggaran        Throughout 2024, there were no incidents of human rights
    terhadap hak asasi dari setiap karyawan. [S-07]                  violations against any employees. [S-07]

    Perseroan juga memiliki kebijakan yang melindungi karyawan       The Company also has a policy that protects employees from
    dari pelecehan dan tindakan diskriminasi lainnya. Kebijakan      harassment and other discriminatory actions. This policy
    tersebut ditetapkan sesuai dalam Kepmenaker Nomor 88 tahun       is stipulated in accordance with the Minister of Manpower
    2023 tentang Pedoman Pencegahan dan Penanganan Kekerasan         Regulation No. 88 of 2023 regarding Workplace Prevention
    Seksual di Tempat Kerja. [S-08]                                  and Handling of Sexual Harassment in the Workplace. [S-08]

    Perseroan juga mengikuti ketentuan mengenai perlindungan         The Company also complies with the provisions on human
    hak asasi manusia (HAM) dalam peraturan ketenagakerjaan          rights (HAM) protection in labor regulations, namely Law No.
    yaitu Undang-Undang Nomor 13 Tahun 2003 tentang                  13 of 2003 on Manpower and Law No. 39 of 1999 on Human
    Ketenagakerjaan dan Undang-Undang Nomor 39 Tahun 1999            Rights, which guarantee workers’ rights to fair wages, workplace
    tentang Hak Asasi Manusia, yang menjamin hak pekerja atas        safety, and fair treatment. [S-09]
    upah yang layak, keselamatan kerja, dan perlakuan yang adil.
    [S-09]




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   Melayani Pelanggan Dengan Sepenuh Hati
   Serving Our Customers Wholeheartedly


   PENGUNGKAPAN MANAJEMEN                                              DISCLOSURE OF MATERIAL
   TOPIK MATERIAL [GRI 3-3]                                            TOPIC MANAGEMENT [GRI 3-3]

   Perseroan berkomitmen mengedepankan kepuasan pelanggan              The Company is committed to prioritizing customer (client)
   (klien) untuk menjaga keberlangsungan bisnis melalui layanan        satisfaction to maintain business continuity through quality
   berkualitas yang sesuai standar industri. Komitmen ini didukung     services that comply with industry standards. This commitment
   dengan adanya Quality Assurance & Safety dan pemenuhan              is supported by the existence of Quality Assurance & Safety
   tuntutan regulasi dari berbagai otoritas penerbangan (DKPPU,        and fulfillment of regulatory demands from various aviation
   EASA, FAA, CASA, CAA UK dll) untuk menjamin safety, quality,        authorities (DKPPU, EASA, FAA, CASA, CAA UK etc.) to ensure
   airworthy.                                                          safety, quality, airworthiness.



                                                       Kepuasan Pelanggan
                                                       Customer Satisfaction




         Planning gate menjaga                       Standarisasi fasilitas                         Menjaga ketersediaan
         aktivitas production                        pelanggan sesuai dengan                        fasilitas dalam melayani
         planning & control untuk                    SLA yang ditetapkan oleh                       pelanggan/pengguna untuk
         memastikan quality, cost,                   corporate affairs untuk                        menjamin kenyamanan
         delivery sesuai dengan                      meningkatkan indeks                            kerja dan mendukung
         harapan pelanggan                           kepuasan pelanggan dari sisi                   kegiatan operasional
         planning gate as tools                      layanan fasilitas                              Facility readiness in
         in production planning                      Standardize customer                           serving customer/users to
         & control to maintain                       facilities according to the                    ensure work convenience
         quality, cost, and delivery                 SLA set by corporate affairs                   and support operational
         that meet customer                          to improve the customer                        activities
         expectations                                satisfaction index in terms of
                                                     facility services



   MENJAMIN KEPUASAN                                                   ENSURING CUSTOMER
   PELANGGAN [OJK F.17]                                                SATISFACTION [OJK F.17]

   Perseroan memiliki staf khusus di bidang Customer Service           The Company has a dedicated staff in Customer Service
   yang bertanggung jawab menerima segala keluhan mengenai             responsible for receiving all complaints on aircraft maintenance
   perawatan dan perbaikan pesawat yang tengah dijalankan.             and repair. There is a guarantee that forms as a way to increase
   Terdapat garansi sebagai salah satu cara untuk meningkatkan         the customers’ interest and trust.
   ketertarikan dan kepercayaan dari pelanggan.

   Perseroan juga memiliki Engineering Services yang bertanggung       The Company also has Engineering Services which is responsible
   jawab memastikan semua ketentuan dalam deliverable items            for ensuring that all obligations concerning GMF deliverable
   dari GMF sesuai dengan contract agreement atau Procedure            have followed the contract agreement or Procedure Manual
   Manual (PRM). Engineering Services juga bertanggung jawab           (PRM). Engineering Services is also responsible to make the
   menjalankan agenda customer intimacy melalui pertemuan              relationship with customers more intimate through regular
   atau survei berkala untuk mendapatkan tanggapan yang dapat          meetings or surveys to get responses that can build the quality
   membangun kualitas pelayanan GMF.                                   of GMF services.


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    Perseroan juga memastikan adanya komunikasi yang erat              The Company also ensures close communication with customers
    dengan pelanggan melalui berbagai media komunikasi dan             through various communication media and activities such as
    aktivitas seperti direct selling, media massa, media elektronik,   direct selling, mass media, electronic media, and print media.
    dan media cetak. Website GMF juga senantiasa diperbarui            The GMF website is also regularly updated to cover useful
    secara berkala untuk memuat informasi mengenai produk/             information about products/services for customers.
    jasa yang berguna bagi pelanggan.

    Semua program tersebut dijalankan dengan berpegangan               All of these programs were carried out according to the
    kepada standar kualitas yang berlaku di industri, termasuk salah   applicable industry’s quality standards including the
    satunya ISO 9001:2015 sebagai standar internasional di bidang      international standard of ISO 9001:2015 in the quality
    sistem manajemen mutu. Perseroan mengimplementasikan               management systems. The Company implements ISO
    ISO 9001:2015 ke dalam proses bisnis untuk meningkatkan            9001:2015 in the business processes to improve product quality,
    kualitas produk, standar bisnis, dan daya saing.                   business standards, and competitiveness.

    SURVEI KEPUASAN PELANGGAN [OJK F.30]                               CUSTOMER SATISFACTION SURVEY [OJK F.30]

    Perseroan terus menjalankan Survei Kepuasan Pelanggan              The Company has kept on conducting a Customer Satisfaction
    (Customer Satisfaction Index) yang terbukti efektif untuk          Index that has proven to be very effective in measuring the
    mengukur tingkat kepuasan dan persepsi pelanggan terhadap          customer’s satisfaction level and perceptions of GMF products/
    produk/layanan GMF. Hasil survei dapat digunakan Perseroan         services. The Company can use the survey to determine the
    untuk mengetahui posisi GMF di peta persaingan agar dapat          position of GMF on the competitive map to improve service
    meningkatkan kualitas pelayanan. Survei tahun 2024 telah           quality. The 2024 survey has been conducted through Customer
    dilakukan melalui metode Customer Survey Index yang                Survey Index once a year by the Sales & Marketing Service and
    dilaksanakan 1 kali dalam setahun oleh Dinas Sales & Marketing     the Quality Assurance & Safety Service, in collaboration with an
    dan Dinas Quality Assurance & Safety, bekerja sama dengan          independent surveyor to ensure the validity and independence
    independent surveyor untuk memastikan validitas data dan           of data.
    independensi.

    Total terdapat 14 pelanggan dengan kontribusi pendapatan           In total there were 14customers with the largest revenue
    terbesar yang telah diwawancara sebagai perwakilan                 contribution who were interviewed as representatives. The
    responden untuk survei. Kriteria atau indikator yang digunakan     criteria or indicators for the survey were Quality standards,
    dalam survei adalah terkait dengan Quality standards, TAT,         TAT, Communication, Personal Competency & Availability.
    Communication, Personal Competency & Availability.

    Selama tahun 2024, GMF telah melaksanakan program kerja            In 2024, GMF has implemented several programs to maintain
    yang bertujuan untuk menjaga kualitas dan kepuasan pelanggan       quality and customer satisfaction, including:
    meliputi:
    1. Complaint Handling                                              1. Complaint Handling
        Guna memaksimalkan layanan pada pelanggan, GMF                    To maximize its service to customers, GMF has assigned
        menugaskan dedicated personnel yang sebagai Customer              dedicated personnel as Customer Service to receive all
        Service yang bertanggung jawab menerima segala keluhan            complaints regarding aircraft maintenance and repairs.
        mengenai perawatan dan perbaikan pesawat yang tengah              The Complaint Handling has been running quite well and
        dijalankan. Saat ini Complaint Handling telah berjalan            the Company will assess its consistency to maximize its
        dengan cukup baik dan akan terus dievaluasi konsistensinya        benefits to customers. GMF has also provided a guarantee
        sehingga pelanggan dapat merasakan manfaatnya. Selain             and conducted an improvement program to make the
        itu, GMF juga telah memberikan garansi dan improvement            customers more interested and trust.
        program sebagai salah satu cara untuk meningkatkan
        ketertarikan dan kepercayaan dari pelanggan.




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   2. Customer Satisfaction Improvement                                   2. Customer Satisfaction Improvement
      Sebagai organisasi di bidang jasa, kepuasan pelanggan                  As a service company, customer satisfaction must be
      merupakan faktor mutlak yang harus diwujudkan.                         maintained. The higher the customer satisfaction, the
      Semakin tinggi kepuasan pelanggan, maka semakin besar                  greater the trust that the Company will receive. GMF
      kepercayaan pasar. GMF kembali melakukan Survei                        has once again conducted a Customer Satisfaction Index
      Kepuasan Pelanggan (Customer Satisfaction Index Survey)                Survey to measure the customer satisfaction level this year.
      untuk mengukur tingkat kepuasan pelanggan pada tahun                   This survey was aimed to measure the level of satisfaction
      ini. Survei ini bertujuan untuk mengukur tingkat kepuasan              and customer perceptions of GMF products and services.
      dan persepsi pelanggan terhadap produk dan layanan GMF.                Knowing GMF’s position among competitors will make
      Dengan mengetahui posisi GMF di antara pesaing akan                    GMF more focused on improving its services.
      membuat GMF lebih fokus dalam meningkatkan layanannya.

       Pada tahun 2024 nilai Customer Satisfaction Index GMF                 In 2024, the GMF Customer Satisfaction Index value is
       adalah sebesar 4.00. Pencapaian tersebut lebih tinggi dari            4.00. This achievement is lower than the 2023 value of
       pencapaian tahun tahun 2023 yaitu sebesar 3.97. Penilaian             4.20 The assessment was obtained from a survey using two
       survei tersebut didapatkan dari survei melalui dua metode             methods: CSI (direct interview method with customers) and
       yaitu CSI (metode wawancara langsung dengan pelanggan)                PPS Services, which were filled out by customers after the
       dan PPS yang diisi oleh pelanggan setelah pengerjaan                  work was completed. GMF is currently striving to make
       selesai. Adapun GMF saat ini masih terus berusaha                     improvements and consistently develop and enhance the
       melakukan perbaikan dan konsisten mengembangkan juga                  quality of service to customers.
       meningkatkan kualitas pelayanan terhadap pelanggan.

   3. Customer Retention Program                                          3. Customer Retention Program
      Program ini bertujuan untuk menjaga hubungan baik                      Through this program, GMF has an objective to maintain its
      GMF dengan pelanggan. Dalam menjalankan bisnis                         relationship with customers. Communication is important
      perawatan pesawat, komunikasi adalah hal yang penting                  for an aircraft maintenance company, especially when
      khususnya dalam menginformasikan segala perbaikan                      informing the improvements on the quality of aircraft
      untuk meningkatkan kualitas perawatan pesawat dan                      maintenance and getting feedback to create continuous
      mendapatkan umpan balik dari usaha untuk melahirkan                    improvements.
      perbaikan berkelanjutan.

   INOVASI PRODUK/LAYANAN [OJK F.26]                                      INNOVATION IN PRODUCT/
                                                                          SERVICES [OJK F.26]

   Hingga akhir tahun 2024, tidak terdapat pelayanan GMF yang             Until the end of 2024, there were no services of GMF that were
   ditarik kembali dari pasar. GMF telah memastikan setiap produk         recalled. GMF has ensured that every marketed product has
   yang dipasarkan telah melalui proses inspeksi yang ketat. Selain       undergone rigorous inspection processes. Additionally, GMFhas
   itu GMF telah memiliki kontrak jangka panjang dengan standar           long-term contracts with established standards. [OJK F.29]
   yang telah ditetapkan. [OJK F.29]

   Perseroan terus melakukan pengembangan kapabilitas dan                 The Company continues to develop the capabilities and
   kapasitas di beberapa lini bisnis GMF. Pengembangan yang               capacities of its business lines. The developments throughout
   berhasil dilakukan selama tahun 2024 adalah sebagai berikut:           2024 were:


                                Produk                                                    Pengembangan Kapabilitas
                                Product                                                     Capability Development

    Line Maintenance                                                  -

    Base Maintenance                                                  B787 & B737MAX (on progress)




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    MENJAMIN KESEHATAN DAN                                            ENSURING CUSTOMERS HEALTH
    KESELAMATAN PELANGGAN [OJK F.27]                                  AND SAFETY [OJK F.27]

    Perseroan memberikan perhatian kepada pelanggan yang              The Company pays attention to the customers’ health and
    mencakup aspek kesehatan dan keselamatan mereka. Unit             safety. The responsible unit for maintaining the quality of
    kerja yang bertanggung jawab dalam menjaga kualitas produk        products and services for the customer’s health and safety is the
    dan layanan demi tercapainya kesehatan dan keselamatan            Quality, Health, Safety & Environment, and Quality Assurance &
    pelanggan adalah dinas Quality, Health, Safety & Environment      Safety Departments. There are standard policies to ensure the
    dan Quality Assurance & Safety. Terdapat sejumlah standar         quality of products and services that cares for the customer’s
    kebijakan kerja untuk menjamin kualitas produk dan layanan        health and safety. For this subject, the focus for 2024 was to
    yang berkualitas dan memperhatikan aspek kesehatan dan            enhance the awareness of our employees regarding healthy
    keselamatan pelanggan. Fokus program kerja di bidang ini          lifestyle and ensure the achievement of Lost Time Injury (LTI).
    pada tahun 2024 adalah meningkatkan kesadaran karyawan
    terkait pola hidup sehat dan memastikan tercapainya Lost
    Time Injury (LTI).

    DAMPAK PRODUK/JASA [OJK F.28]                                     IMPACT OF PRODUCTS/SERVICES [OJK F.28]

    Sebagai perusahaan yang bergerak di bidang MRO, Perusahaan        As a company operating in the MRO sector, GMF has had a
    telah memberikan dampak yang positif bagi masyarakat,             positive impact on society, even if the impact can not be felt
    walaupun dampaknya tidak dapat dirasakan secara langsung.         directly by the society. Ensuring the safety and airworthiness
    Keamanan dan kelaikan udara sebuah pesawat terbang, baik          of aircraft, whether for commercial passenger transportation
    untuk keperluan komersial (mengangkut penumpang) dan kargo        or cargo services, supports economic activity by facilitating the
    untuk barang, mendukung kegiatan ekonomi. Perpindahan             movement of people and goods. This smooth flow of economic
    antara orang dan barang memastikan adanya kegiatan ekonomi        activity is instrumental in promoting overall economic growth.
    yang lancar dan hal ini sangat bermanfaat untuk mendorong
    pertumbuhan ekonomi.

    Ekspansi bisnis GMF di bidang military juga membawa dampak        Furthermore, GMF’s expansion into the military sector has also
    positif secara tidak langsung. Kehadiran armada pesawat militer   has indirect positive effects. The presence of a capable fleet of
    yang tangguh memastikan ketahanan dan keamanan nasional.          military aircraft contributes to national resilience and security.

    Hingga saat ini, belum terdapat dampak negatif secara material    Thus far, there have been no significant negative impacts
    yang muncul dari kegiatan operasional usaha. GMF selalu           stemming from GMF’s operational activities. The Company
    mematuhi dan melaksanakan standar operasional sesuai praktik      consistently adheres to and implements operational standards
    industri terbaik, terutama dalam hal pengelolaan limbah B3 dan    in line with industry best practices, particularly in terms of
    keamanan operasional sehingga tidak mengakibatkan dampak          B3 waste management and operational safety, mitigating any
    material bagi masyarakat.                                         potential adverse effects on the community.

    BIAYA TERKAIT PRODUK/                                             COST OF PRODUCTS/SERVICES
    JASA DAN PELANGGAN                                                AND CUSTOMERS

    Biaya yang dikeluarkan oleh Perseroan untuk mengelola             The expenses incurred by the Company for managing product/
    aspek produk/jasa dan pelanggan pada tahun 2024 berjumlah         service and customer aspects in 2024 amounted to Rp3.99
    Rp3.99 miliar. Terjadi kenaikan sebesar 4% yang menyebabkan       billion. There was a 4% increase, resulting in a relatively similar
    jumlah relatif tidak jauh berbeda dari tahun sebelumnya. Hal      amount compared to the previous year. This indicates that the
    ini menandakan bahwa Perseroan secara konsisten menjaga           Company consistently maintains the quality of its services.
    kualitas pelayanannya.




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                                                                                                 Kenaikan
                                                                                                                            Penyerapan
                           Realisasi 2024          Realisasi 2023        Anggaran 2024      (Penurunan) 2023-
           Perihal                                                                                                         Anggaran 2024
                          2024 Realization        2023 Realization        Budget 2024              2024
           Subject                                                                                                          2024 Budget
                                (Rp)                    (Rp)                 (Rp)           Increase (Decrease)
                                                                                                                           Absorption (%)
                                                                                              2023-2024 (%)

    Promotion                 3,994,748,636           3,838,750,000         7,365,559,236                        4%                          54%


   PENCAPAIAN TANGGUNG JAWAB SOSIAL                                    ACHIEVEMENT ON SOCIAL
   TERKAIT PRODUK/JASA DAN PELANGGAN                                   RESPONSIBILITY FOR PRODUCTS/
                                                                       SERVICES AND CUSTOMERS

   Dari sisi keluhan, terdapat peningkatan keluhan dibandingkan        The Company received more complaints compared to the
   tahun sebelumnya dengan informasi sebagai berikut:                  previous year with the following details:


                        Jumlah Keluhan 2024       Jumlah Keluhan 2023           Status
      Tipe Keluhan                                                                                         Upaya Penyelesaian
                        Number of Complaints      Number of Complaints       Penyelesaian
     Complaint Types                                                                                        Settlement Efforts
                               2024                      2023              Completion status

                                                                                               Meningkatkan pengawasan sesuai dengan
                                                                                Selesai        standar
    Quality                                  15                        8
                                                                                 Done          Enhancing supervision in accordance with
                                                                                               standards

                                                                                               Memeriksa dan melakukan perbaikan
                                                                                Selesai        terhadap business process
    On-Time Delivery                          4                        -
                                                                                 Done          Inspecting and improving business
                                                                                               processes

                                                                                               M e l a k u k a n c a p a c i t y ex p a n s i o n ,
                                                                                               penambahan, dan pelatihan untuk
    Capacity &                                                                  Selesai
                                              2                        1                       manpower
    Manpower                                                                     Done
                                                                                               Conducting capacity expansion, additions,
                                                                                               and training for manpower

                                                                                               Melakukan perbaikan alur komunikasi
                                                                                Selesai        internal dan eksternal
    Communication                             1                        1
                                                                                 Done          Improving internal and external
                                                                                               communication flow

                                                                                Selesai        Melakukan pengawasan proses bisnis
    Process                                   3                        1
                                                                                 Done          Supervising business processes

                                                                                               Melakukan pembenahan dan koordinasi
                                                                                Selesai        secara berkala
    Facility                                  1                        8
                                                                                 Done          Performing regular improvements and
                                                                                               coordination

    Jumlah
                                             26                       19
    Total




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                                    Tanggung Jawab Sosial Perusahaan
                                                                       Corporate Social Responsibility


    VISI TANGGUNG JAWAB SOSIAL                                          VISION OF OUR SOCIAL RESPONSIBILITY

    Mewujudkan tanggung jawab sosial perusahaan yang                    To realize sustainable corporate social responsibility to become
    berkelanjutan untuk menuju Most Value MRO Company.                  the Most Value MRO Company.

    MISI TANGGUNG JAWAB SOSIAL                                          MISSION OF OUR SOCIAL RESPONSIBILITY

    Menjalankan program TJSL yang mampu memberikan dampak               Running TJSL programs that are able to have a sustainable impact
    yang berkelanjutan kepada stakeholders sesuai dengan                on stakeholders in accordance with international standards
    standar internasional (ISO 26000) maupun peraturan nasional         (ISO 26000) as well as the national regulations (Regulation of
    (Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017             Financial Services Authority No.51/POJK.03/2017 regarding
    tentang Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa          Implementation of Sustainable Finance for Financial Services
    Keuangan, Emiten, dan Perusahaan Publik).                           Institutions, Issuers, and Public Companies).

    Perseroan memiliki Visi dan Misi Korporasi yang telah               The Company has a Corporate Vision and Mission, as disclosed
    diungkapkan dalam Profil Perusahaan dan diperlakukan sebagai        in the Company Profile, which also serves as its Sustainability
    Visi dan Misi Keberlanjutan. Pernyataan Visi dan Misi Tanggung      Vision and Mission. The statement of Social Responsibility
    Jawab Sosial di bagian ini menjadi bagian strategi keberlanjutan    Vision and Mission in this section is part of the sustainability
    untuk semakin memperkuat praktik keberlanjutan GMF secara           strategy to strengthen GMF’s overall sustainability practices.
    keseluruhan.

    Tujuan pelaksanaan TJSL adalah untuk membina hubungan pihak         CSR or TJSL has an objective to foster strong relations with
    internal dan eksternal guna mewujudkan keberlanjutan bisnis.        internal and external parties to achieve business sustainability.
    TJSL eksternal bertujuan untuk mendukung pemerintah dalam           The Company supports the government through external TJSL
    membantu pencapaian tujuan pembangunan berkelanjutan. TJSL          to achieve sustainable development goals. At the same time,
    internal bertujuan untuk membangun hubungan harmonis dan            internal TJSL will help to build a harmonious and conducive
    kondusif dengan seluruh stakeholders dalam rangka mendukung         relationship with all stakeholders to support the Company’s
    pencapaian visi dan misi Perseroan. Aktivitas TJSL diharapkan       vision and mission. The Company hopes to enhance its
    akan meningkatkan reputasi dan kredibilitas Perseroan.              reputation and credibility through TJSL activities.

    DASAR PELAKSANAAN TJSL                                              BASIF OF TJSL IMPLEMENTATION

    Status GMF sebagai perusahaan terbuka dan bagian dari BUMN,         As a public company and part of a SOE, GMF is obligated
    mewajibkan Perseroan untuk menjalankan program tanggung             to conduct social responsibility programs. Within the SOE
    jawab sosial. Dalam lingkungan BUMN, program tersebut lebih         environment, the program is known as Social and Environmental
    dikenal dengan nama Tanggung Jawab Sosial dan Lingkungan            Responsibility or TJSL.
    atau TJSL.

    Dalam pembahasan di bab kali ini, pengungkapan hanya akan           The disclosure of information in this chapter, focuses solely
    difokuskan pada informasi TJSL, sesuai namanya, yaitu program       on TJSL information, which encompasses various programs
    yang berkaitan dengan dampak positif untuk kehidupan                aimed at generating positive impacts for the society in terms
    masyarakat dari sisi sosial dan lingkungan. Pembahasan lainnya      of the social and environmental aspects. Other discussions
    terkait pemberian dampak berkelanjutan sesuai standar ISO           related to providing sustainable impacts in accordance with ISO
    26000 dan Peraturan Otoritas Jasa Keuangan Nomor 51/                26000 standards and Financial Services Authority Regulation
    POJK.03/2017 tentang Penerapan Keuangan Berkelanjutan               Number 51/POJK.03/2017 concerning the Implementation
    bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik           of Sustainable Finance for Financial Services Institutions,
    akan diungkapkan lebih lanjut di bagian Laporan Keberlanjutan       Issuers, and Public Companies will be discussed further in the
    setelah Laporan Tahunan ini.                                        Sustainability Report section following this Annual Report.




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   Sebagai gambaran, berikut merupakan dasar hukum                   As a general picture, the legal basis for implementing the TJSL
   pelaksanaan program TJSL yang berlaku di GMF:                     program at GMF includes:
   1. UU No 40 tahun 2007 tentang Perseroan Terbatas;                1. Law No. 40 of 2007 concerning Limited Liability Companies;
   2. UU No. 19 Tahun 2003 tentang Badan Usaha Milik Negara;         2. Law No. 19 of 2003 concerning State-Owned Enterprises;
   3. Undang-Undang No. 32 Tahun 2009 tentang Perlindungan           3. Law No. 32 of 2009 concerning Environmental Protection
       dan Pengelolaan Lingkungan Hidup;                                 and Management;
   4. Undang-Undang No. 13 Tahun 2011 tentang Penanganan             4. Law No. 13 of 2011 concerning the Handling of the Poor;
       Fakir Miskin;
   5. Peraturan Pemerintah No. 47 Tahun 2012 tentang Tanggung        5. Government Regulation No. 47 of 2012 concerning Social
       Jawab Sosial dan Lingkungan Perseroan Terbatas;                  and Environmental Responsibility of Limited Liability
   6. Peraturan Menteri Badan Usaha Milik Negara Nomor PER-             Companies;
       1/MBU/03/2023 Tahun 2023 tentang Penugasan Khusus             6. Ministerial Regulation of State-Owned Enterprises
       dan Program Tanggung Jawab Sosial dan Lingkungan Badan           Number PER-1/MBU/03/2023 of 2023 concerning
       Usaha Milik Negara.                                              Special Assignments and the Social and Environmental
                                                                        Responsibility Program of State-Owned Enterprises.

   Kebijakan Pengelolaan Program Corporate Social Responsibility     Management Policy of Corporate Social Responsibility Program
   GMF No. KB01-007 Edisi B Rev 0 tanggal 16 November 2018           of GMS No. KB01-007 Edition B Rev 0 dated November 16,
   dan Prosedur Bisnis No. PB-13-005 tanggal 29 September 2015.      2018, and Business Procedure No. PB-13-005 dated September
                                                                     29, 2015.

   PENGELOLA TJSL DAN ANGGARAN                                       TJSL MANAGER AND BUDGET

   GMF telah membentuk Unit Corporate Communications                 GMF has formed a Corporate Communications & CSR Unit
   & CSR di dalam struktur Corporate Secretary & Legal yang          within the Corporate Secretary & Legal structure that holds the
   bertanggung jawab secara khusus untuk menangani pelaksanaan       responsibility of handling the TJSL activities at the Company.
   kegiatan TJSL di Perseroan. Unit ini dipimpin oleh seorang        This unit is led by a Senior Manager who reports to VP Corporate
   Senior Manager yang bertanggung jawab kepada VP Corporate         Secretary & Legal.
   Secretary & Legal.

   GMF telah mengalokasikan dana terkait kegiatan TJSL untuk         GMF has allocated funds for various TJSL programs aimed at
   program yang berkaitan dengan dampak positif untuk kehidupan      generating positive impacts for the society in terms of the social
   masyarakat dari sisi sosial dan lingkungan yang diungkapkan       and environmental aspects outlined in the following
   dalam tabel berikut: [OJK F.3]                                    Table: [OJK F.3]


                                                                                                                   Penyerapan
                                                                                               Kenaikan
                             Realisasi 2024       Realisasi 2023      Anggaran 2024                               Anggaran 2024
          Perihal                                                                            (Penurunan)
                            2024 Realization     2023 Realization      2024 Budget                                 2024 Budget
          Subject                                                                        Increase (Decrease)
                                  (Rp)                 (Rp)               (Rp)                                      Absorption
                                                                                              2023-2024
                                                                                                                       (Rp)

    Program TJSL
    untuk kehidupan
    Masyarakat dari sisi
    sosial dan lingkungan
    TJSL programs                 352,500,000          201,542,000       352,500,000                   74.9%                    100%
    for the society in
    terms of social and
    environmental
    aspects


   Dari tabel dapat dilihat bahwa terjadi peningkatan sebesar        From the table, it can be observed that there was an increase
   74,9% dari realisasi anggaran pada tahun 2024 dibandingkan        of 74,9% in 2024 budget realization compared to the previous
   tahun sebelumnya. Hal tersebut terjadi karena membaiknya          year. This occurred because there was an improvement in the
   kondisi keuangan Perseroan pada tahun 2024.                       Company’s financial condition in 2024.




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    PELAKSANAAN PROGRAM TJSL [ESG S-12]                              IMPLEMENTATION OF TJSL
                                                                     PROGRAMS IN 2024 [ESG S-12]

    PILAR SOSIAL [OJK F.23, F.25]                                    Social Pillar [OJK F.23, F.25]
    GMF mengedukasi masyarakat mengenai keselamatan                  GMF educates the public about aviation safety in Indonesia
    penerbangan di Indonesia dengan memberikan kesempatan            by providing opportunities for them to see firsthand the MRO
    bagi mereka untuk melihat langsung proses bisnis MRO di          business process at the Company through public visits. In 2024,
    Perseroan (public visit). Pada tahun 2024, Perseroan menerima    the Company received visits from 610 people from various
    kunjungan dari 610 orang yang berasal dari berbagai institusi,   institutions, both companies and government agencies, as
    baik perusahaan maupun pemerintahan, serta 593 pelajar           well as 593 students from high schools and universities. The
    dari jenjang Sekolah Menengah Atas (SMA) dan Universitas.        Company also provides opportunities for these students to carry
    Perseroan juga memberikan kesempatan bagi para pelajar           out Field Work Practices and complete Final Assignments at
    tersebut untuk dapat melaksanakan Praktik Kerja Lapangan         GMF. Throughout 2024, the Company accepted 1,114 pupils
    maupun pengerjaan Tugas Akhir di GMF. Sepanjang tahun 2024,      and students, placing them in various GMF work units to provide
    secara keseluruhan Perseroan telah menerima 1,114 siswa          real experience in the MRO business environment.
    dan mahasiswa yang ditempatkan di berbagai unit kerja GMF
    untuk memberikan pengalaman nyata bekerja di lingkungan
    bisnis MRO.

    Selain mengedukasi pihak eksternal, GMF juga mengedukasi         Apart from educating external parties, GMF also educates
    pihak internal, terutama mereka para GMF Heroes, melalui         internal parties, especially GMF Heroes, through development
    program pengembangan. Dari sisi sosial, hal ini penting karena   programs. From a social perspective, this is important as it
    dapat memberikan mereka kesempatan untuk mengembangkan           provides them the opportunity to develop themselves and
    diri dan meningkatkan karier sehingga dapat berdampak bagi       improve their careers, impacting their overall economic welfare.
    kesejahteraan ekonomi mereka secara keseluruhan. Pada tahun      In 2024, 687] in-house training programs were conducted for
    2024, sebanyak 687 program inhouse training telah dilakukan      10,540 participants.
    untuk 10.540 peserta.

    GMF juga menjalankan beberapa program sosial yang                In 2024, GMF contributed to Rohis Orphan Assistance,
    bekerja sama dengan beberapa pihak. Pada tahun 2024,             Ramadan Berbagi Laz Persis, Gebyar Ramadan by Yayasan
    GMF berkontribusi dalam Santunan Anak Yatim Piatu Rohis,         Islam Nurrusalam, Women’s Empowerment Garuda Group,
    Ramadan Berbagi Laz Persis, Gebyar Ramadan Yayasan Islam         and Christmas GA Group.
    Nurrusalam, Women’s Empowerment Garuda Group dan Natal
    GA Group.

    Sepanjang tahun 2024, GMF juga memberikan manfaat                Throughout 2024, GMF also provided benefits to the
    bagi seluruh masyarakat sekitar melalui kegiatan filantropi      surrounding community through philanthropic activities
    (sponsorship) untuk beberapa kegiatan yang dilakukan oleh        (sponsorship) for several events organized by various
    sejumlah intitusi, seperti Tournament Golf GEGA, ICSEEA, ITB     institutions, such as GEGA Golf Tournament, ICSEEA, ITB Golf
    Golf Tournament, Jumbara Inter Arma Caritas PMI Jakarta,         Tournament, Jumbara Inter Arma Caritas PMI Jakarta, Indonesia
    Indonesia 4.0 Conference & Expo serta HUT GEC ke 21, Pakarti,    4.0 Conference & Expo, as well as the 21st Anniversary of GEC,
    RKAT GEC, dan INACA Festival.                                    Pakarti, RKAT GEC, and INACA Festival.

    Sepanjang tahun 2024 tidak terdapat keluhan yang datang          In 2024, the Company did not receive any complaint from the
    masyarakat sekitar area operasional akibat dari aktivitas        community around operational areas. [OJK F.24]
    operasional yang dilakukan Perseroan. [OJK F.24]

    PILAR LINGKUNGAN [OJK F.23, F.25]                                Environmental Pillar [OJK F.23, F.25]
    Sebagai salah satu pelaku usaha aviasi yang menyumbang emisi     As one of the aviation businesses that contributes to carbon
    karbon melalui pembakaran bahan bakar pesawat terbang, GMF       emissions through burning aircraft fuel, GMF is committed
    berkomitmen untuk dapat memberikan manfaat lingkungan            to providing environmental benefits through reforestation
    melalui program penghijauan, yaitu penanaman mangrove.           programs, specifically by planting mangroves. In 2024, GMF
    Pada tahun 2024, GMF melakukan penanaman mangrove di             planted mangrove in Mauk, Tangerang. GMF provided 545
    daerah Mauk Tangerang. GMF memberikan 545 bibit mangrove         mangrove tree seedlings to help reduce carbon emissions in
    untuk dapat membantu mengurangi emisi karbon di Indonesia.       Indonesia.




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   PILAR EKONOMI                                                      Economic Pillar
   GMF berupaya untuk dapat meningkatkan taraf ekonomi di             GMF strives to improve the economic level around its
   sekitar area operasional dengan melibatkan warga sekitar           operational areas by involving local residents as workers.
   sebagai tenaga kerja lokal. GMF memberikan kesempatan yang         GMF provides equal opportunities to all people who meet the
   sama kepada seluruh masyarakat sesuai dengan kualifikasi           qualifications after passing through the recruitment process.
   yang ditentukan melalui proses rekrutmen. Tenaga kerja local       These local workers are those who came from the Tangerang
   tersebut merupakan tenaga kerja yang berada di area Kota dan       City and Regency, Banten.
   Kabupatan Tangerang, Banten.

   Rekrutmen yang dilakukan GMF akan memberikan dampak                The recruitment conducted by GMF has a positive impact by
   positif untuk memberikan mereka pengalaman dasar dalam             providing local residents with basic work experience, reducing
   bekerja, menurunkan tingkat pengangguran, serta meningkatkan       the unemployment rate, and increasing the income of people
   pendapatan masyarakat di sekitar area operasional GMF.             around GMF’s operational areas. Throughout 2024, GMF
   Sepanjang tahun 2024, GMF merekrut 72 orang fresh graduate         recruited 72 local workers in the Industrial Internship section.
   di area Tangerang untuk menjadi tenaga kerja lokal dalam bagian
   Magang Industri.

   GMF juga berkontribusi pada program pemerintah untuk               GMF also contributed to the government’s programs for poverty
   pengentasan kemiskinan dan perbaikan ekonomi di Indonesia          alleviation and economic improvement in Indonesia through the
   melalui program Relawan Bakti BUMN. GMF mengirimkan                Relawan Bakti BUMN program. Throughout 2024, GMF sent 2
   sebanyak 2 orang sepanjang tahun 2024 untuk berpartisipasi         volunteers to participate in the government’s efforts to develop
   dalam usaha pemerintah untuk mengembangkan daerah di               regions in Indonesia, such as Jembrana, Bali, and Morowali.
   Indonesia seperti Jembrana Bali dan Morowali.

   PILAR TATA KELOLA                                                  Governance Pillar
   GMF selalu bersikap transparan dengan memastikan adanya            GMF always acts transparently by ensuring the disclosure of
   keterbukaan informasi dan memastikan pengelolaan Perseroan         information and ensuring that the management of the Company
   yang bebas dari praktik korupsi agar aktivitas tata Kelola         is free from corrupt practices so that corporate governance
   perusahaan dapat terselenggara dengan maksimal. GMF                activities can be carried out optimally. GMF rejects all forms
   menolak segala pemberian dan/atau peneriman suap dan               of giving and receiving bribes and imposes restrictions on
   memberlakukan pembatasan penerimaan hadiah bagi seluruh            accepting gifts for all GMF Heroes in any form and for any
   GMF Heroes dalam bentuk apapun dan dalam rangka apapun.            purpose. In practice, there is an obligation to report gift received
   Dalam praktiknya, terdapat kewajiban dalam pelaporan dari          by the GMF unit responsible for implementing anti-corruption
   penerima hadiah kepada unit GMF yang bertanggung jawab             measures in the Company.
   atas pelaksanaan anti korupsi di Perseroan.

   Sosialisasi dan komunikasi pencegahan korupsi secara berkala       Regular socialization and communication on corruption
   diadakan melalui media informasi internal Perseroan. Selain itu,   prevention are held through the Company’s internal media
   Perseroan juga telah melakukan publikasi terkait Kebijakan         channel. Reporting can be done by both internal and external
   Whistleblowing System dan Pengendalian Gratifikasi melalui         parties through the Company’s website. The results of the
   media digital di Area GMF. Pelaporan dapat dilakukan oleh pihak    reports are submitted directly to the CEO.
   internal maupun eksternal GMF melalui website Perseroan.
   Hasil dari pelaporan tersebut akan disampaikan secara langsung
   kepada Direktur Utama.




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                                                                                           Lembar Umpan Balik
                                                                                                   Feedback Form [OJK G.2]


    Kami meminta partisipasi kepada para pemangku kepentingan                         We request the participation of stakeholders to provide
    untuk memberikan umpan balik melalui e-mail atau mengirim                         feedback via email or fax/post mail after reading the
    formulir ini melalui fax/pos, setelah membaca Laporan                             Sustainability Report.
    Keberlanjutan ini.


                                                Pertanyaan                                                          Setuju                    Tidak Setuju
                                                 Question                                                           Agree                       Disagree

     Laporan ini telah memberikan informasi yang bermanfaat mengenai kinerja ekonomi.
     This report has provided useful information regarding economic performance.

     Data dan informasi yang diungkapkan mudah dipahami, lengkap, transparan, dan
     berimbang.
     The data and information disclosed are easy to understand, complete, transparent, and
     balanced.

     Data dan informasi yang disajikan berguna dalam pengambilan keputusan.
     The data and information presented are useful in decision making.

     Laporan ini menarik dan mudah dibaca.
     The report is interesting and easy to read.
     * Berikan centang pada pernyataan yang Anda anggap paling tepat untuk setiap pertanyaan.
     * Check the statement that you consider most appropriate for each question.


    Mohon berikan nilai mengenai aspek yang terdapat dalam                            Please provide a rating for the aspects in this Sustainability
    Laporan Keberlanjutan ini:                                                        Report:
    • 1: paling penting                                                               • 1: most important
    • 2: penting                                                                      • 2: important
    • 3: tidak penting                                                                • 3: not important
    • 4: sangat tidak penting                                                         • 4: very unimportant
                                                                                      •
     Kinerja Ekonomi                                                                            Kode Etik
                                                                              [       ]                                                             [    ]
     Economic Performance                                                                       Code of Conduct

     Kesehatan dan Keselamatan Kerja                                                            Kepuasan Pelanggan
                                                                              [       ]                                                             [    ]
     Occupational Health & Safety                                                               Customer Satisfaction

     Produk dan Layanan                                                                         Ketenagakerjaan
                                                                              [       ]                                                             [    ]
     Products & Services                                                                        Employment

     Pengembangan Sosial dan Kemasyarakatan                                                     Penggunaan Energi
                                                                              [       ]                                                             [    ]
     Social & Community Development                                                             Energy Usage




     Mohon berikan komentar/saran/usulan bagi Laporan Keberlanjutan ini.
     Please provide comments/suggestions for this Sustainability Report.



    Profil                                                                            Profile

    Nama (bila berkenan)                                                              Name (if inclined)



    Institusi/Perusahaan                                                              Institution/Company




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   Surel                                                                      E-mail



   Telepon/HP                                                                 Phone/Mobile



   Golongan Pemangku Kepentingan (berikan tanda ?)                            Category of Stakeholders (put ? in the box)


                     Pemerintah                                     Pekerja                                    Perusahaan
                     Government                                    Employee                                     Company

    Pemegang Saham                              Penyedia Barang dan Jasa                       Masyarakat Sekitar
    Shareholders                                Goods and Services Provider                    Local Community

    Lembaga Pendidikan                          Industri                                       Media
    Educational Institution                     Industry                                       Media

    Lembaga Swadaya Masyarakat                  Lain-Lain, yaitu:
    Non-Governmental Organization               Others, specifically:



   Mohon kirimkan kembali Lembar Umpan Balik ini kepada:                      Please send this Feedback Form to:

   Rian Fajar Isnaeni
   VP Corporate Secretary & Legal
    Kantor Pusat | Head Office
    PT Garuda Maintenance Facility Aero Asia Tbk
    Lantai 2 Lobby Selatan Hangar 4 PT Garuda Maintenance Facility Aero Asia Tbk
    Area Perkantoran Bandar Udara Soekarno Hatta International, Kelurahan Pajang, Kecamatan Benda, Kota Tangerang, 15125
    PO. Box 1303, BUSH 19130


     Telepon                      +62 21 550 8717
     Phone
     (call center)                +62 21 550 8609

                                  corporatecommunications@gmf-Aero Asia.co.id
     Surel
     Email
                                  Marketing@gmf-Aero Asia.co.id




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                                  Indeks Isi POJK NO.51/OJK.03/2017
                                                           [OJK G.4]
                            POJK NO.51/OJK.03/2017 Content Index [OJK G.4]

        Indikator                                                     Penjelasan                               Halaman
        Indicator                                                     Description                               Page

     Strategi Keberlanjutan
     Sustainability Strategy

                       Penjelasan Strategi Keberlanjutan
           A.1                                                                                                   393
                       Explanation on Sustainability Strategy

     Ikhtisar Kinerja Keberlanjutan
     Sustainability Performance Highlights

                       Ikhtisar Kinerja Ekonomi
           B.1                                                                                                 384, 385
                       Economic Performance Highlights

                       Ikhtisar Kinerja Lingkungan Hidup
           B.2                                                                                                   384
                       Environmental Performance Highlihts

                       Ikhtisar Kinerja Sosial
           B.3                                                                                                 384-385
                       Social Performance Highlights

     Profil Perusahaan
     Company Profile

                       Visi, Misi, dan Nilai Keberlanjutan
           C.1                                                                                                  56-57
                       Vision, Mission, and Value of Sustainability

                       Alamat Perusahaan
           C.2                                                                                                   49
                       Company’s Address

                       Skala Perusahaan
           C.3                                                                                                  50-51
                       Business Scale

                       Produk, Layanan, dan Kegiatan Usaha yang Dijalankan
           C.4                                                                                                  66-69
                       Products, services and Business Activities

                       Keanggotaan Pada Asosiasi
           C.5                                                                                                   65
                       Member of Association

                       Perubahan Organisasi Bersifat Signifikan
           C.6                                                                                                   70
                       Change of Significant Organization

     Penjelasan Direksi
     Directors Statement

                       Penjelasan Direksi
           D.1                                                                                                  40-42
                       Directors Statement

     Tata Kelola Keberlanjutan
     Sustainability Governance

                       Penanggungjawab Penerapan Keuangan berkelanjutan
           E.1                                                                                                   182
                       Management of Sustainable Finance Implementation

                       Pengembangan Kompetensi Terkait Keuangan berkelanjutan
           E.2                                                                                                 422, 423
                       Competency Development on Sustainable Finance

                       Penilaian Risiko Atas Penerapan Keuangan berkelanjutan
           E.3                                                                                                 352-358
                       Risk Assessment for Sustainable Finance Implementation

                       Hubungan Dengan Pemangku Kepentingan
           E.4                                                                                                 388-340
                       Stakeholder Engagement

                       Permasalahan Terhadap Penerapan Keuangan berkelanjutan
           E.5                                                                                                   395
                       Challenges of Sustainable Financial Implementation



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      Indikator                                                        Penjelasan                                                    Halaman
      Indicator                                                        Description                                                    Page

    Kinerja Keberlanjutan
    Sustainability Performance

                       Kegiatan Membangun Budaya Keberlanjutan
         F.1                                                                                                                            394
                       Building a Culture of Sustainability

    Kinerja Ekonomi
    Economic Performance

                       Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan dan
                       Laba Rugi
         F.2                                                                                                                          150-153
                       Comparison of Performance Targets and Production, Portfolios, Financial Targets, or Investment, Revenue
                       and Profit and Loss

                       Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi Pada Instrumen Keuangan
                       atau Proyek yang Sejalan
         F.3                                                                                                                            450
                       Comparison of Performance Targets and Production, Portfolios, Financial Targets, or Investment on Financial
                       Instruments or Projects in Line with Sustainable Finance Implementation

    Kinerja Lingkungan
    Environmental Performance

    Umum
    General

                       Biaya Lingkungan Hidup
         F.4                                                                                                                          409-410
                       Environmental Costs

    Aspek Material
    Material Aspects

                       Penggunaan Material Yang Ramah Lingkungan
         F.5                                                                                                                            385
                       The Use of Environmentally Friendly Materials

    Aspek Energi
    Energy Aspects

                       Jumlah dan Intensitas Energi yang Digunakan
         F.6                                                                                                                          403-404
                       The Number and the Intensity of Energy Use

                       Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
         F.7                                                                                                                          403-404
                       The Efforts and Achievements of Energy Efficiency Including the Use of Renewable Energy Sources

    Aspek Air
    Water Aspects

                       Penggunaan Air
         F.8                                                                                                                          405-406
                       Water Consumption

    Aspek Keanekaragaman Hayati
    Biodiversity Aspects

                       Dampak Dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki
         F.9           Keanekaragaman Hayati                                                                                          408-409
                       The Impact of Operational Areas Near or in the Area of Conservation or Biodiversity

                       Usaha Konservasi Keanekaragaman Hayati
         F.10                                                                                                                         408-40
                       Biodiversity Conservation Efforts

    Aspek Emisi
    Emission Aspects

                       Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya
         F.11                                                                                                                         404-405
                       The Number and Intensity of Emissions Produced by Type

                       Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan
         F.12                                                                                                                           404
                       The Efforts and Achievement of Emission Reductions Undertaken

                       Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenis
         F.13                                                                                                                           407
                       The Amount of Waste and Effluent Generated by Type




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        Indikator                                                    Penjelasan                                                     Halaman
        Indicator                                                    Description                                                     Page

                       Mekanisme Pengelolaan Limbah dan Efluen
           F.14                                                                                                                     406-408
                       Waste and Effluent Management Mechanism

                       Tumpahan yang Terjadi (jika ada)
           F.15                                                                                                                       410
                       Spill that Occurred (if any)

                       Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima Dan Diselesaikan
           F.16                                                                                                                       410
                       The Number and Material Environmental Complaints Received and Resolved

     Kinerja Sosial
     Social Performance

                       Komitmen LJK, Emiten, atau Perusahaan Publik untuk Memberikan Layanan atas Produk dan/ atau Jasa
           F.17        yang Setara kepada Konsumen                                                                                  444-445
                       The Company’s Commitment to Deliver Products and/or Services Equivalent to the Consumer

     Aspek Ketenagakerjaan
     Employment Aspects

                       Kesetaraan Kesempatan Bekerja
           F.18                                                                                                                       430
                       Equality of Employment Opportunities

                       Tenaga Kerja Anak dan Tenaga Kerja Paksa
           F.19                                                                                                                       416
                       Child Labor and Forced Labor

                       Upah Minimum Regional
           F.20                                                                                                                       431
                       The Minimum Wage

                       Lingkungan Bekerja yang Layak dan Aman
           F.21                                                                                                                       411
                       Environmental Work Decent and Safe

                       Pelatihan dan Pengembangan Kemampuan Pegawai
           F.22                                                                                                                     417-420
                       Training and Competency Development for Employees

     Aspek Masyarakat
     Community Aspects

                       Dampak Operasi Terhadap Masyarakat Sekitar
           F.23                                                                                                                       451
                       Operational Impacts to Local Communities

                       Pengaduan Masyarakat
           F.24                                                                                                                       451
                       Public Complaints

                       Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)
           F.25                                                                                                                       451
                       Social and Environmental Responsibility Activities

     Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan
     Responsibility on the development of Sustainable Finance products and/or services

                       Inovasi dan Pengembangan Produk/Jasa Keuangan berkelanjutan
           F.26                                                                                                                       446
                       Innovation and development of Sustainable Finance products and/or services

                       Produk/Jasa yang Sudah Dievaluasi Keamanannya Bagi Pelanggan
           F.27                                                                                                                       447
                       Customer Safety

                       Dampak Produk/Jasa
           F.28                                                                                                                       447
                       Impact of Products/Services

                       Jumlah Produk yang Ditarik Kembali
           F.29                                                                                                                       446
                       The Number of Products Recalled

                       Survei Kepuasan Pelanggan Terhadap Produk dan/atau Jasa Keuangan Berkelanjutan
           F.30                                                                                                                     445-446
                       Survey of Customer Satisfaction

     Lain-lain
     Others

                       Verifikasi Tertulis dari Pihak Independen (jika Ada)
           G.1                                                                                                                        386
                       Written Verification from an Independent Party, if Any

                       Lembar Umpan Balik
           G.2                                                                                                                      453-454
                       Feedback Form




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      Indikator                                                Penjelasan                                                   Halaman
      Indicator                                                Description                                                   Page

                  Tanggapan Terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya
        G.3                                                                                                                    386
                  Response to Feedback from the Prior Year

                  Daftar Pengungkapan Sesuai POJK 51/2017 tentang Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa
                  Keuangan, Emiten dan Perusahaan Publik
        G.4                                                                                                                  455-458
                  List of Disclosures in accordance with POJK 51/2017 regarding the Implementation of Sustainable Finance
                  for Financial Service Institutions, Issuers and Public Companies




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               Indeks Isi Consolidated GRI Standard 2021
                             Consolidated Content Index of GRI Standard 2021


     INDEKS ISI STANDAR GRI
                                                                      PENGUNGKAPAN                                                          HAL
       CONTENT INDEX GRI
                                                                        DISCLOSURE                                                          PAGE
          STANDARD

                                GMF telah menyampaikan informasi yang tercantum dalam Indeks Konten GRI ini untuk periode pelaporan 1
     Pernyataan Penggunaan      Januari 2024 sampai dengan 31 Desember 2024 dengan mengacu pada Standar GRI.
     Statement of Use           GMF has reported the information cited in this GRI content index for the period January 1, 2024 until December
                                31, 2024 with reference to the GRI Standards.

                                GRI 1: LANDASAN 2021
     GRI
                                GRI 1: FOUNDATION 2021

                                Organisasi dan Praktik Pelaporan
                                The Organization and its Reporting Practices

                                                         Detail organisasi
                                GRI 2-1                                                                                                     48-49
                                                         Organizational details

                                                         Entitas yang termasuk dalam pelaporan keberlanjutan
                                GRI 2-2                                                                                                      386
                                                         Entities included in the organization’s sustainability reporting

                                                         Periode pelaporan, frekuensi dan titik kontak
                                GRI 2-3                                                                                                    386, 387
                                                         Reporting period, frequency and contact point

                                                         Informasi tentang penyajian kembali
                                GRI 2-4                                                                                                      386
                                                         Restatements of information

                                                         Asurans Eksternal
                                GRI 2-5                                                                                                      386
                                                         External assurance

                                Aktivitas dan Pekerja
                                Activities and workers

                                                         Aktivitas, rantai pasok, dan relasi bisnis lainnya
                                GRI 2-6                                                                                                     66-69
                                                         Activities, value chain and other business relationships
     GRI 2: Pengungkapan Umum
                                                         Karyawan
     2021                       GRI 2-7                                                                                                     93-95
                                                         Employees
     GRI 2: General Disclosures
     2021                                                Pekerja yang bukan karyawan
                                GRI 2-8                                                                                                       95
                                                         Workers who are not employees

                                Tata Kelola
                                Governance

                                                         Struktur dan komposisi tata kelola
                                GRI 2-9                                                                                                      182
                                                         Governance structure and composition

                                                         Nominasi dan pemilihan badan tata kelola tertinggi                                261, 262-
                                GRI 2-10
                                                         Nomination and selection of the highest governance body                             263

                                                         Ketua badan tata kelola tertinggi
                                GRI 2-11                                                                                                   263-265
                                                         Chair of the highest governance body

                                                         Peran badan tata kelola tertinggi dalam mengawasi pengelolaan dampak
                                GRI 2-12                 Role of the highest governance body in overseeing the management                  265-268
                                                         of impacts

                                                         Pendelegasian tanggung jawab untuk mengelola dampak
                                GRI 2-13                                                                                                   265-268
                                                         Delegation of responsibility for managing impacts

                                                         Peran badan tata kelola tertinggi dalan pelaporan keberlanjutan
                                GRI 2-14                                                                                               40-42, 391
                                                         Role of the highest governance body in sustainability reporting




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                                                                     PENGUNGKAPAN                                                 HAL
      CONTENT INDEX GRI
                                                                       DISCLOSURE                                                 PAGE
         STANDARD

                                                        Benturan kepentingan
                                 GRI 2-15                                                                                          273
                                                        Conflicts of interest

                                                        Komunikasi kepedulian terhadap permasalahan kritikal
                                 GRI 2-16                                                                                       375-378
                                                        Communication of critical concerns

                                                        Pengetahuan kolektif dari badan tata kelola tertinggi
                                 GRI 2-17                                                                                       269-270
                                                        Collective knowledge of the highest governance body

                                                        Evaluasi kinerja badan tata kelola tertinggi
                                 GRI 2-18                                                                                       277-279
                                                        Evaluation of the performance of the highest governance body

                                                        Kebijakan remunerasi
                                 GRI 2-19                                                                                       279-284
                                                        Remuneration policies

                                                        Proses untuk menentukan remunerasi
                                 GRI 2-20                                                                                       279-284
                                                        Process to determine remuneration

                                                        Rasio kompensasi total tahunan
                                 GRI 2-21                                                                                       279-284
                                                        Annual total compensation ratio

                                 Strategi, Kebijakan dan Praktik
                                 Strategy, Policies and Practices

                                                        Pernyataan tentang strategi pembangunan berkelanjutan
                                 GRI 2-22                                                                                        40-42
                                                        Statement on sustainable development strategy

                                                        Komitmen kebijakan
                                 GRI 2-23                                                                                       391, 393
                                                        Policy commitments

                                                        Menanamkan komitmen kebijakan
                                 GRI 2-24                                                                                          394
                                                        Embedding policy commitments

                                                        Proses untuk memulihkan dampak negatif
                                 GRI 2-25                                                                                       375-378
                                                        Processes to remediate negative impacts

                                                        Mekanisme pemberian umpan balik/saran dan menyampaikan
                                 GRI 2-26               kekhawatiran                                                            375-378
                                                        Mechanisms for seeking advice and raising concerns

                                                        Kepatuhan terhadap hukum dan peraturan
                                 GRI 2-27                                                                                          362
                                                        Compliance with laws and regulations

                                                        Keanggotaan asosiasi
                                 GRI 2-28                                                                                          65
                                                        Membership associations

                                 Keterlibatan Pemangku Kepentingan
                                 Stakeholder Engagement

                                                        Pendekatan keterlibatan pemangku kepentingan
                                 GRI 2-29                                                                                       388-390
                                                        Approach to stakeholder engagement

                                                        Perjanjian kerja bersama
                                 GRI 2-30                                                                                       398-399
                                                        Collective bargaining agreements

                                                        Proses menentukan topik material
                                 GRI 3-1                                                                                        391-392
                                                        Process to determine material topics

    GRI 3: Topik Material 2021                          Daftar topik material
                                 GRI 3-2                                                                                        391-392
    GRI 3: Material Topic 2021                          List of material topics

                                                        Pengelolaan Topik Material                                              396, 400,
                                 GRI 3-3
                                                        Management of Material Topics                                           411, 444




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     INDEKS ISI STANDAR GRI
                                                             PENGUNGKAPAN                                                         HAL
       CONTENT INDEX GRI
                                                               DISCLOSURE                                                         PAGE
          STANDARD

     TOPIK EKONOMI
     Economic Topic

     GRI 201: Kinerja Ekonomi
     2016                                       Nilai ekonomi langsung yang dihasilkan dan didistribusikan
                              GRI 201-1                                                                                          396-397
     GRI 201: Economic                          Direct economic value generated and distributed
     Performance 2016

                                                Implikasi finansial serta risiko
                                                dan peluang lain akibat dari perubahan iklim
                                    GRI 201-2                                                                                     398
                                                Financial implications and other risks and opportunities due to climate
                                                change

                                                Kewajiban program pensiun manfaat pasti dan program pension lainnya
                                    GRI 201-3                                                                                    398-399
                                                Defined benefit plan obligations and other retirement plans

                                                Bantuan finansial yang diterima dari pemerintah
                                    GRI 201-4                                                                                     399
                                                Financial assistance received from government

     GRI 204: Praktik Pengadaan
     2016                                       Proporsi pengeluaran untuk pemasok lokal
                                GRI 204-1                                                                                         399
     GRI 204: Procurement                       Proportion of spending on local suppliers
     Practices 2016

     TOPIK LINGKUNGAN
     Environmental Topic

                                                Konsumsi energi dalam organisasi
                                    GRI 302-1                                                                                    403-404
                                                Energy consumption within the organization

     GRI 302: Energi 2016                       Intensitas energi
                                    GRI 302-3                                                                                    403-404
                                                Energy intensity

                                                Pengurangan konsumsi energi
                                    GRI 302-4                                                                                    403-404
                                                Reduction of energy consumption

     GRI 303: Air dan Efluen 2018
                                                Konsumsi air
     GRI 303: Water and Effluents   GRI 303-5                                                                                    405-406
                                                Water consumption
     2018

                                                Emisi GRK (Cakupan 1) langsung
                                    GRI 305-1                                                                                    404-405
                                                Direct (Scope 1) GHG emissions

                                                Emisi energi GRK (Cakupan 2) tidak langsung
                                    GRI 305-2                                                                                    404-405
                                                Energy indirect (Scope 2) GHG emissions
     GRI 305: Emisi 2016
     GRI 305: Emission 2016
                                                Intensitas emisi GRK
                                    GRI 305-4                                                                                    404-405
                                                GHG emissions intensity

                                                Pengurangan emisi GRK
                                    GRI 305-5                                                                                    404-405
                                                Reduction of GHG emissions

     GRI 306: Limbah 2020                       Timbulan limbah dan dampak signifikan terkait limbah
                                    GRI 306-1                                                                                     406
     GRI 306: Waste 2020                        Waste generation and significant waste-related impacts

                                                Manajemen dampak signifikan terkait limbah
                                    GRI 306-2                                                                                     407
                                                Management of significant waste-related impacts

                                                Limbah yang dikirimkan ke pembuangan akhir
                                    GRI 306-5                                                                                     407
                                                Waste directed to disposal




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                                                             PENGUNGKAPAN                                                    HAL
      CONTENT INDEX GRI
                                                               DISCLOSURE                                                    PAGE
         STANDARD

    TOPIK SOSIAL
    Social Topic

                                                Perekrutan karyawan baru dan pergantian karyawan
                                GRI 401-1                                                                                  415-416
                                                New employee hires and employee turnover
    GRI 401: Kepegawaian 2016
                                                Tunjangan yang diberikan kepada karyawan purnawaktu yang tidak
    GRI 401: Employment 2016
                                                diberikan kepada karyawan pada kurun waktu tertentu atau paruh waktu
                                GRI 401-2                                                                                     431
                                                Benefits provided to full-time employees that are not provided to
                                                temporary or part-time employees

                                                Sistem manajemen kesehatan dan keselamatan kerja
                                GRI 403-1                                                                                     411
                                                Occupational health and safety management system

                                                Pengidentifikasian bahaya, penilaian risiko, dan investigasi insiden
                                GRI 403-2                                                                                  435-436
                                                Hazard identification, risk assessment, and incident investigation

                                                Layanan kesehatan kerja
                                GRI 403-3                                                                                  436-437
                                                Occupational health services

                                                Partisipasi, konsultasi, dan komunikasi pekerja tentang kesehatan dan
                                                keselamatan kerja
                                GRI 403-4                                                                                  439-440
                                                Worker participation, consultation, and communication on occupational
    GRI 403: Kesehatan dan
                                                health and safety
    Keselamatan KERJA 2018
    GRI 403: Occupational
                                                Peningkatan kualitas kesehatan pekerja
    Health and Safety 2018 GRI 403-6                                                                                       441-442
                                                Promotion of worker health

                                                Pencegahan dan mitigasi dampak-dampak kesehatan dan keselamatan
                                                kerja yang secara langsung terkait hubungan bisnis
                                GRI 403-7                                                                                  441-442
                                                Prevention and mitigation of occupational health and safety impacts
                                                directly linked by business relationships

                                                Kecelakaan kerja
                                GRI 403-9                                                                                     441
                                                Work-related injuries

                                                Penyakit Akibat Kerja
                                GRI 403-10                                                                                    441
                                                Work-related ill health

    GRI 405: Keanekaragaman                     Keanekaragaman badan tata kelola dan karyawan                             93-95, 276-
                                 GRI 405-1
    dan Peluang Setara                          Diversity of governance bodies and employees                                 277
    2016
    GRI 405: Diversity and Equal                Rasio gaji pokok dan remunerasi perempuan dibandingkan laki-laki
                                 GRI 405-2                                                                                    431
    Opportunity 2016                            Diversity of governance bodies and employees

    GRI 406: Nondiskriminasi
    2016                                        Insiden diskriminasi dan tindakan perbaikan yang dilakukan
                                GRI 406-1                                                                                     430
    GRI 406: Non-discrimination                 Incidents of discrimination and corrective actions taken
    2016




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           Keselarasan Laporan Keberlanjutan Dengan
                                         Metrik ESG
                    Alignment of the Sustainability Report with ESG Metrics

           Kinerja          Kode                                       Nama Metrik                                                Halaman
         Performance        Code                                       Matrix Name                                                 Page

                                   Laporan Emisi Gas Rumah Kaca
                            E-01                                                                                                    405
                                   Greenhouse Gas Emissions Report

                                   Intensitas Emisi Gas Rumah Kaca
                            E-02                                                                                                    405
                                   Greenhouse Gas Emission Intensity

                                   Konsumsi Energi Listrik
                            E-03                                                                                                    403
                                   Electricity Consumption

     Lingkungan                    Konsumsi Air
                            E-04                                                                                                    406
     Environment                   Water Consumption

                                   Limbah yang Dihasilkan
                            E-05                                                                                                    407
                                   Generated Waste

                                   Komitmen Perusahaan untuk Mencapai Target Net Zero Emission
                            E-06                                                                                                    405
                                   Company Commitment to Achieving Net Zero Emission Target

                                   Komitmen Perusahaan untuk mengurangi Emisi Gas Rumah Kaca
                            E-07                                                                                                    405
                                   Company Commitment to Reducing Greenhouse Gas Emissions

                                   Kesetaraan Gender
                            S-01                                                                                                    430
                                   Gender Equality

                                   Pegawai Berdasarkan Gender dan Kelompok Umur
                            S-02                                                                                                    430
                                   Employees by Gender and Age Group

                                   Tingkat Pergantian Pegawai
                            S-03                                                                                                  416-417
                                   Employee Turnover Rate

                                   Jumlah Pegawai Sementara
                            S-04                                                                                                    95
                                   Number of Temporary Employees

                                   Pelatihan dan Pengembangan Pegawai
                            S-05                                                                                                    420
                                   Employee Training and Development

                                   Jumlah Kecelakaan Kerja
                            S-06                                                                                                    385
                                   Number of Workplace Accidents
     Sosial
     Social                        Kejadian Pelanggaran Hak Asasi Manusia
                            S-07                                                                                                    443
                                   Incidents of Human Rights Violations

                                   Kebijakan Pelecehan Seksual dan/atau Non-diskriminasi
                            S-08                                                                                                    443
                                   Sexual Harassment and/or Non-Discrimination Policy

                                   Kebijakan Mengenai Hak Asasi Manusia
                            S-09                                                                                                    443
                                   Human Rights Policy

                                   Kebijakan Pekerja Anak dan/atau Pekerja Paksa
                            S-10                                                                                                    416
                                   Child Labor and/or Forced Labor Policy

                                   Kebijakan Mengenai Kesehatan dan Keselamatan Kerja serta Lingkungan Kerja yang Aman
                                   dan Layak diberikan Kepada Seluruh Karyawan
                            S-11                                                                                                    436
                                   Policy on Occupational Health and Safety and Providing a Safe and Proper Work
                                   Environment for All Employees

                            S-12   Corporate Social Responsibility                                                                451-452




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         Kinerja         Kode                                            Nama Metrik                         Halaman
       Performance       Code                                            Matrix Name                          Page

                                 Keberagaman Manajemen dan Independensi
                         G-01                                                                                 276-277
                                 Management Diversity and Independence

                                 Total Kehadiran Direksi dan Komisaris ke Rapat Dewan
                         G-02                                                                                 284-291
                                 Total Attendance of Directors and Commissioners at Board Meetings

                                 Kebijakan Pemisahan Chairman of the Board dan CEO
                         G-03                                                                                   182
                                 Policy on Separation of Chairman of the Board and CEO

                                 Kebijakan Penilaian Dewan Direksi dan Komisaris
                         G-04                                                                                 277-279
                                 Board of Directors and Commissioners Assessment Policy

    Tata Kelola                  Kebijakan Pelatihan Dewan Direksi dan Komisaris
                         G-05                                                                                   269
    Governance                   Board of Directors and Commissioners Training Policy

                                 Kriteria Khusus Pemilihan Dewan
                         G-06                                                                                 262-263
                                 Specific Criteria for Board Selection

                                 Kode Etik dan/atau Anti-Korupsi
                         G-07                                                                                 366-370
                                 Code of Ethics and/or Anti-Corruption Policy

                                 Kebijakan Perlakuan Adil terhadap Pemegang Saham
                         G-08                                                                                   246
                                 Fair Treatment Policy for Shareholders

                                 Pencegahan Konflik Kepentingan
                         G-09                                                                                   273
                                 Conflict of Interest Prevention




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                                     Sustainability Report




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Page 467
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KEUANGAN
 Financial Report
Page 468
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                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                         LAPORAN KEUANGAN KONSOLIDASIAN/
                         CONSOLIDATED FINANCIAL STATEMENTS

                         31 DESEMBER 2024 DAN 2023/
                         31 DECEMBER 2024 AND 2023




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                                           Financial Report




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                                           Financial Report




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                                           Financial Report




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                                                                                                                                                  Laporan Keuangan
                                                                                                                                                    Financial Report




                                                         PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                            Lampiran - 1/1 - Schedule

                    LAPORAN POSISI KEUANGAN                                                                  CONSOLIDATED STATEMENTS OF
                    KONSOLIDASIAN                                                                                           FINANCIAL POSITION
                    31 DESEMBER 2024 DAN 2023                                                             AS AT 31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                         (Expressed in US Dollars, unless otherwise stated)


                                                                                      Catatan/
                                                                         2024          Notes              2023

                     ASET                                                                                                                                 ASSETS

                     ASET LANCAR                                                                                                         CURRENT ASSETS
                     Kas dan setara kas                                  12,623,481      4                21,051,033               Cash and cash equivalents
                     Kas dan setara kas yang                                                                                         Restricted cash and cash
                          dibatasi penggunaannya                            902,880      4                   358,975                          equivalents
                     Investasi jangka pendek                                133,203                           58,840                    Short-term investment
                     Piutang usaha                                                        5                                                  Trade receivables
                     - Pihak berelasi                                    45,816,929      30               46,302,407                          Related parties -
                     - Pihak ketiga                                       4,045,912                       10,694,831                            Third parties -
                     Piutang lain-lain                                                                                                       Other receivables
                     - Pihak ketiga                                       1,718,233                                  -                          Third parties -
                     Aset kontrak                                                         6                                                    Contract assets
                     - Pihak berelasi                                    27,455,934      30               39,738,525                          Related parties -
                     - Pihak ketiga                                      13,964,715                       10,966,104                            Third parties -
                     Persediaan                                          61,415,306      7                74,018,579                                Inventories
                     Uang muka dan beban dibayar dimuka                  31,569,882      8                40,704,250           Advances and prepaid expenses
                     Pajak dibayar dimuka                                               14a                                                      Prepaid taxes
                     - Pajak penghasilan badan                            2,140,235                                -                Corporate income taxes -
                     - Pajak lain-lain                                    4,316,775                        2,722,004                             Other taxes -

                     Jumlah aset lancar                                 206,103,485                      246,615,548                       Total current assets

                     ASET TIDAK LANCAR                                                                                               NON-CURRENT ASSETS

                     Piutang usaha pihak berelasi                        14,651,879     5, 30             15,049,694           Trade receivables related parties
                     Piutang lain-lain pihak berelasi                       953,040                        3,163,691           Other receivables related parties
                     Uang muka                                              891,637      8                   413,668                                  Advances
                     Pajak dibayar dimuka                                               14a                                                      Prepaid taxes
                     - Pajak penghasilan badan                            4,605,917                        5,043,171                 Corporate income taxes -
                     - Pajak lain-lain                                   10,724,972                        5,815,021                             Other taxes -
                     Aset pajak tangguhan                                 9,407,308     14d                7,417,592                       Deferred tax assets
                     Aset tetap                                         149,093,821      9               131,755,518                              Fixed assets
                     Aset hak guna                                       28,184,035     16                34,732,996                       Right-of-use assets
                     Aset tidak lancar lainnya                               14,109                           14,204                  Other non-current assets

                     Jumlah aset tidak lancar                           218,526,718                      203,405,555                  Total non-current assets

                     JUMLAH ASET                                        424,630,203                      450,021,103                           TOTAL ASSETS




                                  Catatan atas laporan keuangan konsolidasian                          The accompanying notes to the consolidated
                             terlampir merupakan bagian yang tidak terpisahkan dari                 financial statements form an integral part of these
                                        laporan keuangan konsolidasian.                                      consolidated financial statements.




                                                                                                                                                                   479
                                                                                                                                   PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                            Facility AeroAsia Tbk
Page 480
                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                      Lampiran - 1/2 - Schedule

                LAPORAN POSISI KEUANGAN                                                                    CONSOLIDATED STATEMENTS OF
                KONSOLIDASIAN                                                                                             FINANCIAL POSITION
                31 DESEMBER 2024 DAN 2023                                                               AS AT 31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                           (Expressed in US Dollars, unless otherwise stated)


                                                                                    Catatan/
                                                                    2024             Notes               2023

                  LIABILITAS DAN EKUITAS                                                                                            LIABILITIES AND EQUITY

                  LIABILITAS JANGKA PENDEK                                                                                            CURRENT LIABILITIES
                  Pinjaman bank jangka pendek                                   -     12                     194,603               Short-term bank borrowings
                  Utang usaha                                                         10                                                         Trade payables
                  - Pihak berelasi                                    4,865,365       30                 10,391,617                             Related parties -
                  - Pihak ketiga                                     59,854,571                          67,128,735                                Third parties -
                  Utang lain-lain                                     4,220,301                           6,143,838                               Other payables
                  Akrual                                             51,081,455        11                55,408,500                                      Accruals
                  Utang pajak                                         9,743,940       14b                 6,489,143                                Taxes payable
                  Liabilitas kontrak                                                                                                            Contract liabilities
                  - Pihak berelasi                                   61,599,326       30                 89,556,217                             Related parties -
                  - Pihak ketiga                                     15,508,259                          21,438,368                                Third parties -
                  Pinjaman, bagian lancar                            20,004,877       13                  9,913,139                 Borrowings, current portion
                  Liabilitas sewa, bagian lancar                      6,624,431       16                  9,778,332             Lease liabilities, current portion
                  Liabilitas imbalan kerja,                                                                                      Employee benefit obligations,
                        bagian lancar                                 4,006,066       15                   3,274,853                         current portion

                  Jumlah liabilitas jangka pendek                   237,508,591                         279,717,345                    Total current liabilities

                  LIABILITAS JANGKA PANJANG                                                                                    NON-CURRENT LIABILITIES
                  Utang usaha                                                         10                                                   Trade payables
                  - Pihak berelasi                                    2,635,490       30                  9,755,745                       Related parties -
                  - Pihak ketiga                                      8,743,176                          14,340,693                         Third parties -
                  Pinjaman                                          371,217,848       13                390,562,375                             Borrowings
                  Liabilitas sewa                                    38,646,418       16                 42,353,284                        Lease liabilities
                  Liabilitas imbalan kerja                           23,779,983       15                 24,453,563             Employee benefit obligations

                  Jumlah liabilitas jangka panjang                  445,022,915                         481,465,660               Total non-current liabilities

                  JUMLAH LIABILITAS                                 682,531,506                         761,183,005                        TOTAL LIABILITIES

                  EKUITAS                                                                                                                                 EQUITY

                  Ekuitas yang
                       diatribusikan kepada                                                                                               Equity attributable to
                       pemilik entitas induk                                                                                          owners of the parent
                  Modal saham - modal dasar
                       100.000.000.000 saham;                                                                                        Share capital - authorised
                       ditempatkan dan disetor                                                                                   100,000,000,000 shares;
                       penuh 28.233.511.500                                                                                           issued and fully paid
                       saham dengan nilai nominal                                                                               28,233,511,500 shares at
                       Rp100 (nominal penuh)                                                                                par value Rp100 (full amount)
                       per saham                                    219,015,655       17                219,015,655                              per share
                  Tambahan modal disetor                             62,417,236       18                 62,417,236                     Additional paid-in capital
                  Uang muka atas modal saham                         25,909,891       39                          -                  Advance for share capital
                  Rugi komprehensif lain                            (15,900,891)      19                (16,353,693)                Other comprehensive loss
                                                                                                                                             Retained earnings/
                  Saldo laba/(akumulasi kerugian)                                                                                   (accumulated losses)
                  - Dicadangkan                                       7,492,540       20                  7,492,540                              Appropriated -
                  - Tidak dicadangkan                              (557,002,037)                       (583,893,153)                           Unappropriated -

                  Ekuitas yang didistribusikan                                                                                            Equity attributable to
                       kepada pemilik entitas induk                (258,067,606)                       (311,321,415)                  owners of the parent
                  Kepentingan non-pengendali                            166,303                             159,513                     Non-controlling interest

                  Jumlah ekuitas                                   (257,901,303)                       (311,161,902)                                 Total equity

                  JUMLAH LIABILITAS DAN EKUITAS                     424,630,203                         450,021,103        TOTAL LIABILITIES AND EQUITY




                            Catatan atas laporan keuangan konsolidasian                              The accompanying notes to the consolidated
                       terlampir merupakan bagian yang tidak terpisahkan dari                     financial statements form an integral part of these
                                  laporan keuangan konsolidasian.                                          consolidated financial statements.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
480 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                                     Integrated Report 2024
Page 481
                                                                                                                                                  Laporan Keuangan
                                                                                                                                                    Financial Report




                                                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                            Lampiran - 2/1 - Schedule

                    LAPORAN LABA RUGI DAN PENGHASILAN                                             CONSOLIDATED STATEMENTS OF PROFIT OR
                    KOMPREHENSIF LAIN KONSOLIDASIAN                                                LOSS AND OTHER COMPREHENSIVE INCOME
                    UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                      FOR THE YEARS ENDED
                    31 DESEMBER 2024 DAN 2023                                                                      31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                          (Expressed in US Dollars, unless otherwise stated)


                                                                                       Catatan/
                                                                         2024           Notes              2023

                     Pendapatan                                         421,223,186      21              373,206,984                                      Revenue

                     Beban pegawai                                     (116,569,103)     22             (101,486,732)                      Employee expenses
                     Beban material                                    (117,177,864)      23             (97,791,734)                        Material expenses
                     Beban subkontrak                                  (100,390,977)      24            (105,611,422)                    Subcontract expenses
                     Beban penyusutan                                   (18,694,769)    9,16a            (20,372,753)                   Depreciation expenses
                     Beban operasional                                  (20,441,906)     25              (22,284,253)                      Operating expenses
                     (Beban)/pendapatan                                                                                             Other operating (expenses)/
                         operasi lainnya, bersih                         (5,944,484)     26                 2,041,310                          income, net

                                                                         42,004,083                        27,701,400

                     Penghasilan dari
                          restrukturisasi utang                             695,969      10                 6,876,476            Income from debt restructuring
                     (Kerugian)/keuntungan dari                                                                                    (Loss)/gain on payment term
                          restrukturisasi pembayaran                       (191,852)    10,13               6,711,538                         restructuring
                     Penghasilan keuangan                                   337,803                           238,867                           Finance income
                     Biaya keuangan                                     (20,166,464)     27               (23,619,058)                            Finance costs
                     Pendapatan lain-lain, bersih                         2,064,576      28                 1,820,801                         Other income, net

                     Laba sebelum pajak penghasilan                      24,744,115                        19,730,024                 Profit before income tax

                     Manfaat pajak penghasilan                            2,155,930      14c                  438,665                          Income tax benefit

                     Laba tahun berjalan                                 26,900,045                        20,168,689                         Profit for the year

                     Penghasilan komprehensif lain:                                                                            Other comprehensive income:

                     Pos yang tidak akan                                                                                                   Items that will not be
                         direklasifikasikan ke laba rugi:                                                                     reclassified to profit or loss:
                     Keuntungan revaluasi aset tetap                        698,220                           614,713        Gain on revaluation of fixed assets
                     Pengukuran kembali atas kewajiban                                                                           Remeasurement of employee
                         imbalan kerja                                      (89,972)                       (1,001,046)                   benefit obligations
                     Pajak penghasilan terkait                             (133,815)                           84,993                       Related income tax

                                                                            474,433                          (301,340)
                     Pos yang akan                                                                                                               Items that will be
                          direklasifikasikan ke laba rugi:                                                                      reclassified to profit or loss:
                     Selisih kurs atas translasi                                                                                    Exchange differences due to
                          laporan keuangan                                  (21,631)                           66,174        financial statement translation

                     Penghasilan /(rugi) komprehensif                                                                       Other comprehensive income/(loss)
                         lain tahun berjalan, setelah pajak                 452,802                          (235,166)              for the year, net of tax

                     Jumlah penghasilan komprehensif                                                                             Total comprehensive income
                         tahun berjalan                                  27,352,847                        19,933,523                        for the year




                                  Catatan atas laporan keuangan konsolidasian                          The accompanying notes to the consolidated
                             terlampir merupakan bagian yang tidak terpisahkan dari                 financial statements form an integral part of these
                                        laporan keuangan konsolidasian.                                     consolidated financial statements.




                                                                                                                                                                       481
                                                                                                                                   PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                            Facility AeroAsia Tbk
Page 482
                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                      Lampiran - 2/2 - Schedule

                LAPORAN LABA RUGI DAN PENGHASILAN                                        CONSOLIDATED STATEMENTS OF PROFIT OR
                KOMPREHENSIF LAIN KONSOLIDASIAN                                           LOSS AND OTHER COMPREHENSIVE INCOME
                UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                 FOR THE YEARS ENDED
                31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                     (Expressed in US Dollars, unless otherwise stated)


                                                                   2024          Notes             2023

                Jumlah penghasilan komprehensif                                                                          Total comprehensive income
                    tahun berjalan                                 27,352,847                      19,933,523                        for the year

                Laba yang diatribusikan kepada:                                                                                 Profit attributable to:
                    - Pemilik entitas induk                        26,891,116                      20,276,463              Owners of the parent -
                    - Kepentingan non-pengendali                        8,929      1c                (107,774)          Non-controlling interests -
                                                                   26,900,045                      20,168,689

                Penghasilan komprehensif yang                                                                                Comprehensive income
                   diatribusikan kepada:                                                                                              attributable to:
                   - Pemilik entitas induk                         27,343,918                      20,041,297              Owners of the parent -
                   - Kepentingan non-pengendali                         8,929      1c                (107,774)          Non-controlling interests -
                                                                   27,352,847                      19,933,523



                Laba bersih per saham:                                                                                             Earnings per share:
                    Dasar dan dilusian                                 0.0010      29                  0.0007                     Basic and diluted




                            Catatan atas laporan keuangan konsolidasian                        The accompanying notes to the consolidated
                       terlampir merupakan bagian yang tidak terpisahkan dari               financial statements form an integral part of these
                                  laporan keuangan konsolidasian.                                   consolidated financial statements.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
482 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                              Integrated Report 2024
Page 483
                                                                                                                                                                                                                                                                                                                                483
Laporan Keuangan
  Financial Report




                                                                                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES




                                                                                                                                                                                                                                                                                                                                  Facility AeroAsia Tbk
                                                                                                                                                                                                                                                                                                                                PT Garuda Maintenance
                                                                                                                                              Lampiran - 3 - Schedule
                     LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                     CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
                     UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                                                                                                                                           FOR THE YEARS ENDED
                     31 DESEMBER 2024 DAN 2023                                                                                                                                                                                           31 DECEMBER 2024 AND 2023
                     (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                                                                                                                               (Expressed in US Dollars, unless otherwise stated)
                                                                                                                                               Rugi komprehensif lain/
                                                                                                                                              Other comprehensive loss
                                                                                                                                                               Selisih kurs
                                                                                                                                                                                                                                    Ekuitas
                                                                                                                                                                  karena
                                                                                                                                                                                                                                  yang dapat
                                                                                                                           Pengukuran                            translasi
                                                                                                                                                                                                         Saldo laba              diatribusikan
                                                                                                                           kembali atas                           laporan
                                                                                                                                             Keuntungan                                            (akumulasi kerugian)/        kepada pemilik
                                                                                                                            kewajiban                          keuangan/
                                                                                                         Uang muka        imbalan kerja/       revaluasi        Exchange                             Retained earnings           entitas induk/
                                                                                        Tambahan          atas modal     Remeasurement        aset tetap/      differences                         (accumulated losses)              Equity      Kepentingan
                                                                                       modal disetor/       saham/         of employee          Gain on      due to financial                                       Belum         attributable  non-pengendali/
                                                            Catatan/   Modal saham/     Additional       Advance for          benefit       revaluation of     statement        Jumlah/        Dicadangkan/     dicadangkan/     to owners of   Non-controlling   Jumlah ekuitas/
                                                             Notes     Share capital   paid-in capital   Share capital      obligations     fixed assets       translation       Total         Appropriated   Unappropriated      the parent       interest        Total equity
                     Saldo 1 Januari 2023                               219,015,655       62,417,236                         (21,172,940)       5,146,200           (91,787)    (16,118,527)      7,492,540     (604,169,616)    (331,362,712)        341,392       (331,021,320)          Balance as at 1 January 2023
                     Laba tahun berjalan                                         -                -                -                 -                 -                 -               -              -         20,276,463       20,276,463         (107,774)       20,168,689                          Profit for the year
                     Penghasilan komprehensif lain:                                                                                                                                                                                                                                       Other comprehensive income:
                       Keuntungan revaluasi aset tetap,                                                                                                                                                                                                                                             Gain on revaluation of
                          setelah pajak                        9                 -                -                -                 -            479,476                -         479,476              -                -             479,476                -          479,476             fixed assets, net of tax
                       Pengukuran kembali imbalan                                                                                                                                                                                                                                   Remeasurement of post-employment
                          pascakerja, setelah pajak           15                 -                -                -            (780,816)              -                 -        (780,816)             -                -           (780,816)                -         (780,816)                 b enefits, net of tax
                       Selisih kurs atas translasi                                                                                                                                                                                                                                          Exchange differences due to
                          laporan keuangan                                       -                -                -                 -                 -             66,174         66,174              -                -             66,174          (74,105)           (7,931)    financial statement translation
                     Saldo 31 Desember 2023                             219,015,655       62,417,236               -         (21,953,756)       5,625,676           (25,613)    (16,353,693)      7,492,540     (583,893,153)    (311,321,415)        159,513       (311,161,902)      Balance as at 31 December 2023
                     Saldo 1 Januari 2024                               219,015,655       62,417,236               -         (21,953,756)       5,625,676           (25,613)    (16,353,693)      7,492,540     (583,893,153)    (311,321,415)        159,513       (311,161,902)          Balance as at 1 January 2024
                     Uang muka atas modal saham               39                 -                -        25,909,891                -                 -                 -               -              -                -          25,909,891             -          25,909,891                Advance for share capital
                     Laba tahun berjalan                                         -                -               -                  -                 -                 -               -              -         26,891,116       26,891,116            8,929        26,900,045                          Profit for the year
                     Penghasilan komprehensif lain:                                                                                                                                                                                                                                       Other comprehensive income:
                       Keuntungan revaluasi aset tetap,                                                                                                                                                                                                                                             Gain on revaluation of
                          setelah pajak                        9                 -                -                -                 -            544,612                -         544,612              -                -             544,612                -          544,612             fixed assets, net of tax
                       Pengukuran kembali imbalan                                                                                                                                                                                                                                   Remeasurement of post-employment
                          pascakerja, setelah pajak           15                 -                -                -             (70,179)              -                 -          (70,179)            -                -             (70,179)               -          (70,179)                 b enefits, net of tax
                       Selisih kurs atas translasi                                                                                                                                                                                                                                          Exchange differences due to
                          laporan keuangan                                       -                -                -                 -                 -            (21,631)        (21,631)            -                -             (21,631)         (2,139)          (23,770)    financial statement translation
                     Saldo 31 Desember 2024                             219,015,655       62,417,236       25,909,891        (22,023,935)       6,170,288           (47,244)    (15,900,891)      7,492,540     (557,002,037)    (258,067,606)        166,303       (257,901,303)      Balance as at 31 December 2024




                                                                                                                                                                                                                                                                                                                                    Laporan Terintegrasi 2024
                                                               Catatan atas laporan keuangan konsolidasian                                                                                                       The accompanying notes to the consolidated
                                                          terlampir merupakan bagian yang tidak terpisahkan dari                                                                                              financial statements form an integral part of these
                                                                     laporan keuangan konsolidasian.                                                                                                                  consolidated financial statements.
Page 484
                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                     Lampiran - 4/1 - Schedule

                LAPORAN ARUS KAS KONSOLIDASIAN                                         CONSOLIDATED STATEMENTS OF CASH FLOWS
                UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                 FOR THE YEARS ENDED
                31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                     (Expressed in US Dollars, unless otherwise stated)


                                                                        2024                2023


                ARUS KAS DARI                                                                                             CASH FLOWS FROM
                    AKTIVITAS OPERASI                                                                               OPERATING ACTIVITIES
                Penerimaan kas dari pelanggan                          397,785,529         420,776,424              Cash receipts from customers
                Pembayaran kas kepada                                                                                      Cash paid to suppliers
                    pemasok dan lainnya                               (258,200,426)       (284,067,644)                            and others
                Pembayaran kepada karyawan                            (106,599,995)        (92,669,186)                  Cash paid to employees

                                                                        32,985,108          44,039,594

                Pembayaran beban keuangan                               (14,820,923)       (15,141,970)                        Finance costs paid
                Pengembalian pajak                                                -          1,977,067                        Receipt of tax refund
                Pembayaran pajak penghasilan                             (1,703,336)          (193,489)                         Income taxes paid
                Pembayaran pajak lain-lain                               (1,720,412)                 -                            Other taxes paid
                Penempatan kas dan setara kas                                                                              Placement of restricted
                    yang dibatasi penggunaannya                            (543,905)                    -           cash and cash equivalents

                Arus kas bersih yang diperoleh                                                                             Net cash flows generated
                     dari aktivitas operasi                              14,196,532         30,681,202                  from operating activities

                ARUS KAS DARI AKTIVITAS                                                                                     CASH FLOWS FROM
                    INVESTASI                                                                                         INVESTING ACTIVITIES
                Penerimaan pendapatan keuangan                              337,803            269,641                    Finance income received
                Pembelian aset tetap                                     (3,998,042)          (901,486)                   Purchase of fixed assets
                Penempatan kas dan setara kas                                                                               Placement of restricted
                    yang dibatasi penggunaannya                                   -              (7,191)            cash and cash equivalents

                Arus kas bersih yang digunakan                                                                                  Net cash flow used in
                     untuk aktivitas investasi                           (3,660,239)          (639,036)                       investing activities

                ARUS KAS DARI AKTIVITAS                                                                                     CASH FLOWS FROM
                   PENDANAAN                                                                                          FINANCING ACTIVITIES
                Pembayaran pinjaman bank                                                                                 Repayments of short-term
                   jangka pendek                                           (181,587)                    -                    bank borrowings
                Pembayaran pinjaman bank                                                                                  Repayments of long-term
                   jangka panjang                                       (10,874,438)        (8,332,558)                      bank borrowings
                Pembayaran pokok                                                                                           Repayments of principal
                   liabilitas sewa                                       (7,472,837)        (5,885,565)                      of lease liabilities

                Arus kas bersih yang digunakan                                                                                 Net cash flows used in
                     untuk aktivitas pendanaan                         (18,528,862)        (14,218,123)                       financing activities




                           Catatan atas laporan keuangan konsolidasian                         The accompanying notes to the consolidated
                      terlampir merupakan bagian yang tidak terpisahkan dari                financial statements form an integral part of these
                                 laporan keuangan konsolidasian.                                    consolidated financial statements.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
484 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                              Integrated Report 2024
Page 485
                                                                                                                                                 Laporan Keuangan
                                                                                                                                                   Financial Report




                                                         PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                            Lampiran - 4/2 - Schedule

                    LAPORAN ARUS KAS KONSOLIDASIAN                                            CONSOLIDATED STATEMENTS OF CASH FLOWS
                    UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                    FOR THE YEARS ENDED
                    31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                        (Expressed in US Dollars, unless otherwise stated)


                                                                               2024                2023

                     (PENURUNAN)/KENAIKAN BERSIH                                                                     (DECREASE)/INCREASE IN CASH
                            KAS DAN SETARA KAS                                  (7,992,569)         15,824,043          AND CASH EQUIVALENTS

                     KAS DAN SETARA KAS PADA                                                                        CASH AND CASH EQUIVALENTS
                         AWAL TAHUN                                            21,051,033            5,103,013         AT BEGINNING OF YEAR

                     Pengaruh perubahan kurs                                                                                      Effect of foreign currency
                         mata uang asing                                          (434,983)             123,977                exchange rate changes

                     KAS DAN SETARA KAS                                                                             CASH AND CASH EQUIVALENTS
                         AKHIR TAHUN                                            12,623,481          21,051,033               AT END OF YEAR




                                  Catatan atas laporan keuangan konsolidasian                         The accompanying notes to the consolidated
                             terlampir merupakan bagian yang tidak terpisahkan dari                financial statements form an integral part of these
                                        laporan keuangan konsolidasian.                                    consolidated financial statements.




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Laporan Terintegrasi 2024                                                                                                           Facility AeroAsia Tbk
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                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                           Lampiran - 5/1 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                        31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)            (Expressed in US Dollars, unless otherwise stated)


                1.   INFORMASI UMUM                                       1.   GENERAL INFORMATION

                     a.   Pendirian dan informasi umum                         a.   Establishment and general information

                          PT Garuda Maintenance Facility Aero Asia Tbk              PT Garuda Maintenance Facility Aero Asia Tbk
                          (“Perusahaan”) didirikan berdasarkan akta No.             (the “Company”) was established based on
                          93 tanggal 26 April 2002 dari Arry Supratno,              Deed No. 93 dated 26 April 2002 of Arry
                          SH, Notaris di Jakarta. Akta pendirian ini                Supratno, SH, Notary in Jakarta. The Deed of
                          disahkan oleh Menteri Kehakiman dan Hak                   Establishment was approved by the Minister of
                          Asasi Manusia Republik Indonesia dalam Surat              Justice and Human Rights of the Republic of
                          Keputusannya No. C-11688 HT.01.01.TH.2002                 Indonesia in its Decision Letter No. C11688
                          tanggal 25 September 2002, serta diumumkan                HT.01.01.TH.2002 dated 25 September 2002
                          dalam Berita Negara Republik Indonesia No. 78             and was published in the State Gazette of the
                          tanggal 27 September 2002, Tambahan                       Republic of Indonesia No. 78 dated 27
                          No. 11677. Anggaran Dasar Perusahaan telah                September 2002, Supplement No. 11677. The
                          mengalami beberapa kali perubahan, terakhir               Company's Articles of Association have been
                          berdasarkan Akta Pernyataan Keputusan Rapat               amended several times, most recently based on
                          Perubahan Anggaran Dasar Nomor 5 tanggal                  the Deed of Statement of Meeting Resolutions
                          28 Oktober 2024 dibuat dihadapan Shanti lndah             on Amendment to the Articles of Association
                          Lestari, S.H., M.Kn., Notaris di Kabupaten                Number 5 dated 28 October 2024 drawn up
                          Tangerang, yang mendapatkan persetujuan                   before Shanti lndah Lestari, S.H., M.Kn., Notary
                          dari Menteri Hukum dan Hak Asasi Manusia                  in Tangerang Regency, which has received
                          Republik Indonesia sesuai dengan Surat                    approval from the Minister of Law and Human
                          Keputusan Nomor AHU-AH.01.03-0205295                      Rights of the Republic of Indonesia in
                          tahun 2024 tanggal 29 Oktober 2024.                       accordance with Decision Letter Number AHU-
                                                                                    AH.01.03-0205295 of 2024 dated 29 October
                                                                                    2024.

                          Pada tanggal 30 Maret 2012, Perusahaan                    On 30 March 2012, the Company obtained an
                          memperoleh persetujuan Menteri Keuangan                   approval from the Minister of Finance of the
                          Republik      Indonesia     dalam       Surat             Republic of Indonesia in its Decision Letter
                          Keputusan       No.    KEP-355/WPJ.19/2012,               No. KEP-355/WPJ.19/2012, to maintain its
                          mengenai penyelenggaraan pembukuan dalam                  accounting records in English language and in
                          Bahasa Inggris dan mata uang Dolar Amerika                United States Dollars (“US$” or “US Dollars”)
                          Serikat (“AS$” atau “Dolar AS”) mulai tanggal             starting 1 January 2012.
                          1 Januari 2012.

                          Sesuai dengan Pasal 3 Anggaran Dasar                      In accordance with Article 3 of the Company's
                          Perusahaan,      ruang   lingkup    kegiatan              Articles of Association, the scope of the
                          Perusahaan adalah dalam bidang jasa                       Company’s activities is in the field of aircraft
                          perawatan     pesawat terbang,    perawatan               maintenance          services,        components
                          komponen dan kalibrasi, perawatan mesin                   maintenance and calibration, aircraft and
                          untuk pesawat dan industri, pembuatan dan                 industrial engine maintenance, manufacturing
                          perawatan      sarana    pendukung,     jasa              and maintenance of supporting facilities,
                          engineering, jasa layanan material, logistik,             engineering     services,    material    services,
                          pergudangan dan konsinyasi serta jasa                     logistics, warehousing and consignment, and
                          konsultan, pelatihan dan penyediaan tenaga                consulting, training and provision of experts in
                          ahli di bidang perawatan pesawat, komponen                the field of aircraft, component and engine
                          dan mesin.                                                maintenance.




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                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                     Lampiran - 5/2 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


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

                            a.   Pendirian dan informasi umum (lanjutan)                  a.   Establishment     and     general     information
                                                                                               (continued)

                                 Grup bergerak dalam bidang jasa perawatan,                    The Group engages in the field of aircraft
                                 reparasi, dan overhaul pesawat terbang serta                  maintenance, repair, and overhaul services and
                                 pendukungnya, perdagangan besar alat                          their support, wholesale trade of aircraft
                                 transportasi udara dan perlengkapannya,                       equipment and its accessories, airport activities,
                                 aktivitas kebandarudaraan serta aktivitas                     and rental and leasing activities. In accordance
                                 penyewaan dan sewa guna usaha. Sesuai                         with article 3 of the Company’s Articles of
                                 dengan pasal 3 Anggaran Dasar Perusahaan,                     Association, the specific business activities
                                 rincian dari masing-masing kegiatan usaha                     conducted by the Group are as follows:
                                 yang dijalankan oleh Grup yaitu:

                                 1.   Perawatan     pesawat      terbang       dan             1.   Aircraft maintenance and support:
                                      pendukungnya:
                                      -   Reparasi pesawat terbang dan                              -   Repair of aircraft and its accessories
                                          perlengkapannya
                                      -   Reparasi motor penggerak listrik,                         -   Repair of electric motors, generators,
                                          generator dan transformator                                   and transformers
                                      -   Reparasi kontrol alat ukur, alat uji dan                  -   Repair of measuring instruments,
                                          peralatan navigasi                                            testing equipment, and navigation
                                      -   Reparasi mesin untuk keperluan                                control devices
                                          umum                                                      -   General-purpose machinery repair

                                 2.   Perdagangan besar alat transportasi                      2.   Wholesale trade of air transportation
                                      udara:                                                        equipment:
                                      -   Perdagangan besar alat transportasi                       -   Wholesale trade of air transportation
                                          udara,      suku     cadang       dan                         equipment,    spare     parts,   and
                                          perlengkapannya                                               accessories
                                      -   Perdagangan besar suku cadang                             -   Wholesale trade of electronic spare
                                          elektronik                                                    parts
                                      -   Perdagangan besar mesin pesawat,                          -   Wholesale trade of aircraft engines,
                                          peralatan dan perlengkapan lainnya                            equipment, and other accessories

                                 3.   Aktivitas kebandaraudaraan:                              3.   Airport activities:
                                      -   Bounded warehousing atau wilayah                          -   Bounded warehousing or bonded area
                                          kawasan berikat                                           -   Management of transportation modes
                                      -   Manajemen moda transportasi dan                               and support for air transportation
                                          penunjang angkutan udara

                                 4.   Konsultasi transportasi:                                 4.   Transportation consulting:
                                      -  Penelitian      dan    pengembangan                        -   Research and development of airport
                                         teknologi kebandarudaraan                                      technology
                                      -  Inspeksi secara berkala                                    -   Periodic inspections
                                      -  Kalibrasi pesawat                                          -   Aircraft calibration

                                 Kantor pusat Perusahaan berkedudukan di                       The Company's head office is located at Hangar
                                 Hanggar 4 Garuda Maintenance Facility Aero                    4 Garuda Maintenance Facility Aero Asia,
                                 Asia, Bandara Soekarno Hatta, Cengkareng,                     Bandara      Soekarno     Hatta,   Cengkareng,
                                 Tangerang. Berdasarkan Surat Keputusan                        Tangerang. Based on the Decision Letter of the
                                 Menteri    Keuangan     Republik      Indonesia               Minister of Finance of the Republic of Indonesia
                                 No. 387/KMK.04/2002 tanggal 30 Agustus                        No. 387/KMK.04/2002 dated 30 August 2002,
                                 2002, lokasi Perusahaan ditetapkan sebagai                    the Company’s location was approved as a
                                 kawasan berikat dan berdasarkan Keputusan                     bonded area and based on the Decision Letter
                                 Menteri Keuangan No. KEP-355/WPJ.19/2012                      of the Minister of Finance of the Republic of
                                 tanggal 30 Maret 2012 lokasi perusahaan                       Indonesia No. KEP-355/WPJ.19/2012 dated 30
                                 ditetapkan sebagai Pusat Logistik Berikat.                    March 2012, the Company’s location was
                                                                                               approved as a Bonded Logistic Center.




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                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                            Lampiran - 5/3 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


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

                     a.   Pendirian dan informasi umum (lanjutan)              a.     Establishment     and     general    information
                                                                                      (continued)

                          Perusahaan mulai beroperasi secara komersial                The Company commenced its commercial
                          pada tahun 2002. Pada tanggal 31 Desember                   operations in 2002. As at 31 December 2024,
                          2024, Perusahaan dan entitas anaknya,                       the Company and its subsidiaries have 4,201
                          memiliki 4.201 (2023: 4.348) orang karyawan                 (2023: 4,348) employees (unaudited).
                          (tidak diaudit).

                          Perusahaan dan entitas anak (bersama-sama                   The Company and its subsidiaries (collectively
                          disebut sebagai “Grup”) dikendalikan oleh                   referred to as the “Group”) are controlled by its
                          entitas induk langsungnya, PT Garuda                        immediate parent company, PT Garuda
                          Indonesia (Persero) Tbk (“Garuda”), Badan                   Indonesia (Persero) Tbk (“Garuda”), a State-
                          Usaha Milik Negara. Entitas induk utama                     owned Enterprise. The ultimate parent of the
                          Perusahaan adalah Pemerintah Republik                       Company is the Government of the Republic of
                          Indonesia.                                                  Indonesia.

                          Pada tanggal 31 Desember 2024 dan 2023,                     As at 31 December 2024 and 2023, the
                          susunan anggota Dewan Komisaris dan Direksi                 composition of the Company’s Boards of
                          Perusahaan adalah sebagai berikut:                          Commissioners and Directors was as follows:

                                                                2024 dan/and 2023

                          Komisaris Utama                           Dharmadi                                      President Commissioner
                          Komisaris                               Rahmat Hanafi                                             Commissioner
                          Komisaris Independen                         Abhan                                  Independent Commissioners
                                                                   Ali Gunawan
                                                                   Agit Altrianto

                          Direktur Utama                          Andi Fahrurrozi                                      President Director
                          Direktur                                Salusra Satria                                               Directors
                                                                   Irvan Pribadi
                                                                     Mukhtaris
                                                                  Pudjo Sarwoko


                          Pada tanggal 31 Desember 2024 dan 2023,                     As at 31 December 2024 and 2023, the
                          susunan Komite Audit Perusahaan adalah                      composition of the Company’s Audit Committee
                          sebagai berikut:                                            was as follows:

                                                                2024 dan/and 2023

                          Ketua                                   Ali Gunawan                                                  Chairman
                          Anggota                                 Dodi Yasendri                                                Members
                                                               Edward Okky Avianto




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                                                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                                      Lampiran - 5/4 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                                     31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                         (Expressed in US Dollars, unless otherwise stated)


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

                            b.   Penawaran umum efek                                                          b.     Public offering of securities issued

                                 Pada tanggal 29 September 2017, Perusahaan                                          On 29 September 2017, the Company
                                 memperoleh surat pernyataan efektif Otoritas                                        obtained the Notice of Effectivity from the
                                 Jasa Keuangan (“OJK”) melalui Surat Kepala                                          Financial Service Authority (“Otoritas Jasa
                                 Eksekutif     Pengawas       Pasar      Modal                                       Keuangan” or “OJK”) in its Letter No. S-
                                 No. S-424/D.04/2017 tentang Pemberitahuan                                           424/D.04/2017       regarding    Notice      of
                                 Efektifnya Pernyataan Pendaftaran untuk                                             Registration Statement Effectivity for the
                                 penawaran umum perdana 2.823.351.100                                                offering of 2,823,351,100 shares to the public.
                                 saham Perusahaan kepada masyarakat.                                                 On 10 October 2017, these shares were listed
                                 Saham tersebut telah dicatatkan pada Bursa                                          on the Indonesia Stock Exchange.
                                 Efek Indonesia pada tanggal 10 Oktober 2017.

                                 Seluruh saham Perusahaan yang telah                                                 All of the Company’s issued and fully paid
                                 ditempatkan dan disetor penuh sejumlah                                              shares amounting to 28,233,511,500 shares
                                 28.233.511.500 saham telah dicatatkan pada                                          have been listed on the Indonesia Stock
                                 Bursa Efek Indonesia (Catatan 17).                                                  Exchange (Note 17).

                            c.   Struktur Grup                                                                c.     Group structures

                                 Pada tanggal 31 Desember 2024 dan 2023.                                             As at 31 December 2024 and 2023. The
                                 Perusahaan memiliki kepemilikan secara                                              Company has direct ownership in the following
                                 langsung atas entitas anak sebagai berikut:                                         subsidiaries:
                                                                                                                                                                 Total aset
                                                                                                                                            Tahun operasi    sebelum eliminasi/
                                                                                                                             Persentase       komersial/        Total assets
                                                                                                                            kepemilikan/       Start of      before elimination
                                                                           Domisili/         Kegiatan usaha utama/          Percentage of    commercial        31 Desember/
                                    Entitas anak/Subsidiaries              Domicile          Main business activities        ownership       operations       December 2024

                                 PT Garuda Daya Pratama                                      Aktivitas ketenagakerjaan/
                                  Sejahtera (“GDPS”)                        Jakarta            Employment activities            91%             2019                  6,724,538

                                 PT Garuda Energi Logistik                                Aktivitas perdagangan dan sewa/
                                  Komersial (“GELK”)*                       Jakarta          Trading and lease activities       99%               -                           -

                                  *Dalam proses pelepasan/In the process of dissolution

                                 Pendirian GDPS dan GELK di tahun 2019                                               Establishment of GDPS and GELK in 2019

                                 Perusahaan       dan    Koperasi  Karyawan                                          The Company and Koperasi Karyawan
                                 PT Garuda Maintenance Facility Aero Asia                                            PT Garuda Maintenance Facility Aero Asia
                                 Sejahtera mendirikan GDPS berdasarkan Akta                                          Sejahtera established GDPS based on Deed
                                 No. 42, tanggal 22 Januari 2019 dari Arry                                           No. 42 dated 22 January 2019 from Arry
                                 Supratno, S.H., dengan modal dasar sebesar                                          Supratno S.H., with authorised capital of
                                 Rp8.000.000.000 dan modal ditempatkan dan                                           Rp8,000,000,000 and issued and fully paid
                                 disetor penuh Rp2.000.000.000. Ruang lingkup                                        capital of Rp2,000,000,000. GDPS’ scope of
                                 usaha GDPS adalah menjalankan usaha dalam                                           activities is to conduct business in the field of
                                 bidang aktivitas ketenagakerjaan.                                                   employment.

                                 Perusahaan dan PT Aero Wisata, pemegang                                             The Company and PT Aero Wisata, a
                                 saham       Perusahaan,      mendirikan   GELK                                      shareholder, established GELK based on Deed
                                 berdasarkan Akta No. 09, tanggal 4 Februari                                         No. 09 dated 4 February 2019 from Arry
                                 2019 dari Arry Supratno, S.H., dengan modal                                         Supratno S.H., with authorised capital of
                                 dasar sebesar Rp62.626.000.000 dan modal                                            Rp62,626,000,000 and issued and fully paid
                                 ditempatkan          dan      disetor     penuh                                     capital of Rp15,656,500,000. GELK’s initial
                                 Rp15.656.500.000. Ruang lingkup usaha                                               scope of activities is to conduct business in the
                                 GELK, pada awalnya, adalah menjalankan                                              field of trading and operational lease of spare
                                 usaha dalam bidang perdagangan dan sewa                                             parts and airline engines, general trading,
                                 guna usaha suku cadang dan mesin pesawat                                            supply of electricity, and the distribution of fuel
                                 udara, perdagangan umum, penyediaan energi                                          to support airline operational activities.
                                 listrik dan distribusi bahan bakar minyak dalam
                                 rangka menunjang kegiatan operasional
                                 penerbangan.




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                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                               Lampiran - 5/5 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


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

                     c.   Struktur Grup (lanjutan)                               c.   Group structures (continued)

                          Likuidasi dan pembubaran GELK                               Liquidation and dissolution of GELK

                          Di bulan Juni 2020, Grup menghentikan                       In June 2020, the Group ceased GELK's
                          kegiatan operasional GELK sebagai persiapan                 operational activities in preparation for its
                          likuidasi dan pembubarannya.                                liquidation and dissolution.

                          Berdasarkan Akta Notaris No. 27 tanggal 20                  Based on the Deed No. 27 dated 20 April 2022
                          April 2022 oleh dibuat dihadapan Arry                       drawn up before Arry Supratno, S.H., Notary in
                          Supratno, S.H., Notaris di Kabupaten                        Tangerang Regency, which has received
                          Tangerang, yang mendapatkan persetujuan                     approval from the Minister of Law and Human
                          dari Menteri Hukum dan Hak Asasi Manusia                    Rights of the Republic of Indonesia in
                          Republik Indonsia sesuai dengan Surat                       accordance with Decision Letter Number AHU-
                          Keputusan Nomor AHU-AH.01.10-0012780                        AH.01.10-0012780 of 2021 dated 4 March 2021
                          tahun 2021 tanggal 4 Maret 2021 PT Garuda                   PT Garuda Energi Logistik Komersial was
                          Energi Logistik Komersial berstatus dibubarkan.             dissolved.

                          Pada tanggal 31 Desember 2024, GELK masih                   As at 31 December 2024, GELK is still in the
                          dalam proses penyelesaian dokumen likuidasi,                process of completing liquidation documents,
                          sehingga      laporan   keuangan     masih                  therefore the financial statement is still
                          dikonsolidasikan ke Grup. Dampak terhadap                   consolidated to the Group. The impact is not
                          laporan keuangan konsolidasian Grup tidak                   material to the Group's consolidated financial
                          material.                                                   statements.


                2.   INFORMASI          KEBIJAKAN              AKUNTANSI    2.   MATERIAL            ACCOUNTING              POLICY
                     MATERIAL                                                    INFORMATION

                     Laporan keuangan konsolidasian Grup diotorisasi             The consolidated financial statements of the Group
                     oleh Direksi pada tanggal 25 Maret 2025.                    were authorised by the Directors on 25 March 2025.

                     Berikut ini adalah informasi kebijakan akuntansi            The material accounting policy information applied in
                     material yang diterapkan dalam penyusunan laporan           the preparation of these consolidated financial
                     keuangan konsolidasian.                                     statements are set out below.

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

                          Laporan keuangan konsolidasian ini telah                    The consolidated financial statements have
                          disusun dan disajikan sesuai dengan Standar                 been prepared and presented in accordance
                          Akuntansi Keuangan di Indonesia, yang                       with     Indonesian     Financial    Accounting
                          mencakup Pernyataan Standar Akuntansi                       Standards, including Statements of Financial
                          Keuangan (“PSAK”) dan Interpretasi Standar                  Accounting      Standards      (“PSAK”)     and
                          Akuntansi Keuangan (“ISAK”) dan Peraturan                   Interpretations    of   Financial    Accounting
                          Otoritas Jasa Keuangan (”OJK”) No. VIII.G.7                 Standards (“ISAK”) and Financial Services
                          tentang Penyajian dan Pengungkapan Laporan                  Authority (“OJK”) Regulation No. VIII.G.7 on
                          Keuangan Emiten atau Perusahaan Publik.                     Financial     Statement     Presentation    and
                                                                                      Disclosures of Issuers or Public Companies.

                          Laporan keuangan konsolidasian ini disusun                  The consolidated financial statements have
                          berdasarkan konsep harga perolehan, yang                    been prepared under the historical cost
                          dimodifikasi oleh revaluasi bangunan dan                    convention, as modified by the revaluation of
                          prasarana, serta menggunakan dasar akrual                   building and improvements, and using the
                          kecuali untuk laporan arus kas konsolidasian.               accrual basis except for the consolidated
                                                                                      statement of cash flows.




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                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                  Lampiran - 5/6 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)               (Expressed in US Dollars, unless otherwise stated)


                    2.      INFORMASI        KEBIJAKAN           AKUNTANSI       2.   MATERIAL       ACCOUNTING                      POLICY
                            MATERIAL (lanjutan)                                       INFORMATION (continued)

                            a.   Dasar penyusunan laporan           keuangan          a.   Basis of preparation of the consolidated
                                 konsolidasian (lanjutan)                                  financial statements (continued)

                                 Laporan arus kas konsolidasian disusun                    The consolidated statement of cash flows has
                                 dengan menggunakan metode langsung                        been prepared based on the direct method by
                                 dengan mengelompokkan arus kas ke dalam                   classifying cash flows on the basis of operating,
                                 aktivitas operasi, investasi, dan pendanaan.              investing, and financing activities.

                                 Laporan keuangan konsolidasian disusun                    The consolidated financial statements have
                                 menggunakan asumsi kelangsungan usaha.                    been prepared using the going concern
                                 Asumsi       ini   digunakan     berdasarkan              assumption. This assumption is being used
                                 pengetahuan manajemen atas fakta-fakta dan                based on management’s knowledge of current
                                 keadaan sekarang, asumsi-asumsi yang timbul               facts and circumstances, assumption based on
                                 atas pengetahuan tersebut dan ekspektasi saat             that knowledge and current expectations of
                                 ini atas kejadian dan tindakan di masa yang               future events and actions, as disclosed in Note
                                 akan datang, seperti diungkapkan di Catatan               38.
                                 38.

                                 Seluruh angka dalam laporan keuangan                      Figures in the consolidated financial statements
                                 konsolidasian ini disajikan dalam Dolar AS,               are stated in US Dollars, unless otherwise
                                 kecuali dinyatakan lain.                                  specified.

                                 Kecuali dinyatakan dibawah ini, kebijakan                 Except as described below, the accounting
                                 akuntansi telah diterapkan secara konsisten               policies applied are consistent with those of the
                                 dengan laporan keuangan konsolidasian yang                consolidated     financial  statements     which
                                 telah sesuai dengan Standar Akuntansi                     conform to the Indonesian Financial Accounting
                                 Keuangan di Indonesia.                                    Standards.

                                 Penyusunan laporan keuangan konsolidasian                 The preparation of consolidated financial
                                 yang sesuai dengan Standar Akuntansi                      statements in conformity with Indonesian
                                 Keuangan       di    Indonesia   memerlukan               Financial Accounting Standards requires the
                                 penggunaan estimasi akuntansi penting                     use of certain critical accounting estimates. It
                                 tertentu.    Hal    tersebut   mengharuskan               also requires management to exercise its
                                 manajemen untuk membuat pertimbangan                      judgement in the process of applying the
                                 dalam proses penerapan kebijakan akuntansi                Group’s accounting policies. The areas
                                 Grup. Area yang kompleks atau memerlukan                  involving a higher degree of judgement or
                                 tingkat pertimbangan yang lebih tinggi atau               complexity, or areas where assumptions and
                                 area dimana asumsi dan estimasi dapat                     estimates are significant to the consolidated
                                 berdampak signifikan dalam laporan keuangan               financial statements, are disclosed in Note 3.
                                 konsolidasian, diungkapkan dalam Catatan 3.

                            b.   Perubahan Pernyataan Standar Akuntansi               b.   Changes to the Statement of Financial
                                 Keuangan dan Interpretasi Pernyataan                      Accounting Standards and Interpretations of
                                 Standar Akuntansi Keuangan                                Statement    of   Financial    Accounting
                                                                                           Standards

                                 Standar akuntansi revisian berikut, yang                  The following revised accounting standards,
                                 relevan untuk Grup, berlaku efektif sejak                 which are relevant to the Group, are effective
                                 tanggal 1 Januari 2024 dan tidak memiliki                 from 1 January 2024 and do not result in
                                 pengaruh material terhadap laporan keuangan               material impact to the Group’s consolidated
                                 konsolidasian Grup:                                       financial statements:




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                CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                2.   INFORMASI        KEBIJAKAN                AKUNTANSI         2.   MATERIAL       ACCOUNTING                     POLICY
                     MATERIAL (lanjutan)                                              INFORMATION (continued)

                     b.   Perubahan Pernyataan Standar Akuntansi                      b.   Changes to the Statement of Financial
                          Keuangan dan Interpretasi Pernyataan                             Accounting Standards and Interpretations of
                          Standar Akuntansi Keuangan (lanjutan)                            Statement    of     Financial  Accounting
                                                                                           Standards (continued)

                          -   Amandemen PSAK 201 (sebelumnya                               -   Amendment to PSAK 201 (previously
                              PSAK 1): “Penyajian laporan keuangan” –                          PSAK 1): “Presentation of financial
                              Klasifikasi liabilitas lancar atau tidak lancar;                 statements” – Classification of liabilities as
                                                                                               current or non-current;
                          -   Amandemen PSAK 201 (sebelumnya                               -   Amendment to PSAK 201 (previously
                              PSAK 1): “Penyajian laporan keuangan” –                          PSAK 1): “Presentation of financial
                              Liabilitas jangka panjang dengan kovenan;                        statement” – non-current liabilities with
                                                                                               covenants;
                          -   Amendemen PSAK 116 (sebelumnya                               -   Amendment to PSAK 116 (previously
                              PSAK 73): “Sewa” – Liabilitas sewa pada                          PSAK 73): “Leases” – Lease liabilitiy in a
                              transaksi jual dan sewa balik;                                   sale and leaseback;
                          -   Amandemen PSAK 207 (sebelumnya                               -   Amendment to PSAK 207 (previously
                              PSAK 2): ”Laporan arus kas”; dan                                 PSAK 2): “Cash flow statements”; and
                          -   Amandemen PSAK 107 (sebelumnya                               -   Amendment       PSAK     107      (previously
                              PSAK       60):    ”Instrumen  keuangan:                         PSAK      60):    “Financial   instruments:
                              Pengungkapan”.                                                   Disclosures”.

                          Standar akuntansi revisian berikut telah                         The following revised accounting standard has
                          diterbitkan dan berlaku efektif sejak tanggal 1                  been issued and effective from 1 January 2025,
                          Januari 2025, namun belum diterapkan secara                      but has not been early adopted by the Group:
                          dini oleh Grup:
                          -    PSAK 117: “Kontrak Asuransi”;                               -   PSAK 117: “Insurance Contract”;
                          -    Amandemen       PSAK      117:    ”Kontrak                  -   Amendment of PSAK 117: “Insurance
                               Asuransi” terkait Penerapan Awal PSAK                           Contract regarding Initial Application of
                               117 dan PSAK 109 - Informasi Komparatif;                        PSAK 117 and PSAK 109 - Comparative
                               dan                                                             Information; and
                          -    Amandemen PSAK 221: “Pengaruh                               -   Amendment to PSAK 221: “The effect of
                               perubahan kurs valuta asing”.                                   changes in foreign exchange rates”.

                          Pada tanggal pengesahan laporan keuangan                         As at the authorisation date of these
                          konsolidasian,          Grup         sedang                      consolidated financial statements, the Group is
                          mempertimbangkan implikasi dari penerapan                        assessing the implication of the above
                          standar tersebut, terhadap laporan keuangan                      standard, to the Group’s consolidated financial
                          konsolidasian Grup.                                              statements.

                     c.   Prinsip-prinsip konsolidasi                                 c.   Principles of consolidation

                          Entitas anak                                                     Subsidiaries

                          Entitas anak adalah seluruh entitas di mana                      The Subsidiaries are all entities over which the
                          Grup memiliki pengendalian atas entitas                          Group has control. The Group controls an entity
                          tersebut. Grup mengendalikan entitas ketika                      when the Group is exposed to, or has rights to,
                          Grup terekspos, atau memiliki hak atas imbal                     variable returns from its involvement with the
                          hasil yang bervariasi dari keterlibatannya                       entity and has the ability to affect those returns
                          dengan entitas dan memiliki kemampuan untuk                      through its power over the entity. Subsidiaries
                          mempengaruhi imbal hasil tersebut melalui                        are fully consolidated from the date on which
                          kekuasaannya atas entitas. Entitas anak                          control is transferred to the Group. They are
                          dikonsolidasikan secara penuh sejak tanggal                      deconsolidated from the date that control
                          dimana pengendalian dialihkan kepada Grup.                       ceases.
                          Entitas anak tidak lagi dikonsolidasikan sejak
                          tanggal berhentinya pengendalian.




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                                                                     Lampiran - 5/8 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                    2.      INFORMASI        KEBIJAKAN              AKUNTANSI        2.   MATERIAL       ACCOUNTING                         POLICY
                            MATERIAL (lanjutan)                                           INFORMATION (continued)

                            c.   Prinsip-prinsip konsolidasi (lanjutan)                   c.   Principles of consolidation (continued)

                                 Entitas anak (lanjutan)                                       Subsidiaries (continued)

                                 Transaksi, saldo, dan keuntungan atau                         Transactions, balances and unrealised gains or
                                 kerugian yang belum direalisasi dari transaksi                losses on transactions between entities within
                                 antar entitas dalam Grup dieliminasi.                         the Group are eliminated.

                                 Kebijakan akuntansi yang digunakan dalam                      The accounting policies adopted in preparing
                                 penyusunan laporan keuangan konsolidasian                     the consolidated financial statements have
                                 telah diterapkan secara konsisten oleh entitas                been consistently applied by subsidiaries.
                                 anak.

                            d.   Penjabaran mata uang asing                               d.   Foreign currency translation

                                 (i)   Mata uang fungsional dan penyajian                      (i)   Functional and presentation currency

                                       Transaksi-transaksi yang disertakan dalam                     Items included in the financial statements
                                       laporan keuangan setiap entitas anggota                       of each the Group’s entity are measured
                                       Grup diukur menggunakan mata uang yang                        using the currency of the primary economic
                                       sesuai dengan lingkungan ekonomi utama                        environment in which the entity operates
                                       di mana entitas beroperasi (“mata uang                        (the “functional currency”).
                                       fungsional”).

                                       Laporan keuangan konsolidasian disajikan                      The consolidated financial statements are
                                       dalam Dolar AS yang merupakan mata                            presented in US Dollars, which is the
                                       uang fungsional dan penyajian Grup.                           functional and presentation currency of the
                                                                                                     Group.

                                 (ii) Transaksi dan saldo                                      (ii) Transactions and balances

                                       Transaksi dalam mata uang asing                               Foreign     currency     transactions       are
                                       dijabarkan ke dalam mata uang fungsional                      translated into functional currency using the
                                       dengan menggunakan kurs yang berlaku                          exchange rates prevailing at the dates of
                                       pada tanggal transaksi. Pada setiap                           the transactions. At each reporting date,
                                       tanggal pelaporan, aset dan liabilitas                        monetary        assets      and      liabilities
                                       moneter dalam mata uang asing dijabarkan                      denominated in foreign currency are
                                       ke    dalam     mata    uang     fungsional                   translated into functional currency using the
                                       menggunakan kurs penutup. Kurs yang                           closing exchange rate. Exchange rate used
                                       digunakan sebagai acuan adalah kurs yang                      as benchmark is the rate which is issued by
                                       dikeluarkan oleh Bank Indonesia.                              Bank Indonesia.

                                       Keuntungan dan kerugian selisih kurs yang                     Foreign exchange gains and losses
                                       timbul dari penyelesaian transaksi dalam                      resulting from the settlement of such
                                       mata uang asing dan dari penjabaran aset                      transactions and from the translation at
                                       dan liabilitas moneter dalam mata uang                        period-end exchange rates of monetary
                                       asing secara umum diakui di dalam laporan                     assets and liabilities denominated in
                                       laba rugi konsolidasian.                                      foreign currencies are generally recognised
                                                                                                     in the consolidated statement of profit or
                                                                                                     loss.

                                       Kurs utama yang digunakan, berdasarkan                        The main exchange rate used, based on
                                       kurs tengah dari kurs jual dan beli yang                      the middle rates of the sell and buy rates
                                       diterbitkan  Bank    Indonesia    adalah                      published    by   Bank      Indonesia,   is
                                       Rp16.162 untuk AS$1 (2023: Rp15.416                           Rp16,162 for US$1 (2023: Rp15,416 for
                                       untuk AS$1).                                                  US$1).




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                                                                Lampiran - 5/9 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                   2.   MATERIAL       ACCOUNTING                    POLICY
                     (lanjutan)                                                    INFORMATION (continued)

                     d.   Penjabaran mata uang asing (lanjutan)                    d.   Foreign currency translation (continued)

                          (ii) Transaksi dan saldo (lanjutan)                           (ii) Transactions and balances (continued)

                              Hasil usaha operasi dan posisi keuangan                       The results of the operations and financial
                              dari entitas anak Grup yang memiliki mata                     position of the Group’s subsidiaries that
                              uang fungsional yang berbeda dengan                           have a functional currency different from
                              mata      uang     penyajian     Perusahaan,                  the Company’s presentation currency are
                              ditranslasikan dalam mata uang penyajian                      translated into the Company’s presentation
                              Perusahaan sebagai berikut:                                   currency as follows:
                              •    Aset dan liabilitas yang disajikan pada                  • The assets and liabilities presented in
                                   laporan          posisi       keuangan                       the consolidated statement of financial
                                   konsolidasian, dijabarkan pada kurs                          position are translated at the closing
                                   penutup     tanggal     laporan   posisi                     rate at the date of the consolidated
                                   keuangan konsolidasian tersebut;                             statement of financial position;
                              •    Penghasilan dan beban untuk setiap                       • The income and expenses for each
                                   laba rugi dijabarkan menggunakan                             item of profit or loss are translated at
                                   kurs rata-rata (kecuali jika rata-rata                       the average exchange rates (unless
                                   tersebut bukan perkiraan wajar efek                          this average is not a reasonable
                                   kumulatif dari kurs yang berlaku pada                        approximation of the cumulative effect
                                   tanggal transaksi, maka penghasilan                          of the rates prevailing on the
                                   dan beban dijabarkan menggunakan                             transaction dates, in which case the
                                   kurs tanggal transaksi); dan                                 income and expenses are translated at
                                                                                                the rates in force on the dates of the
                                                                                                transactions); and
                              •    Seluruh selisih kurs yang timbul diakui                  • All of the resulting exchange
                                   dalam penghasilan komprehensif lain.                         differences are recognised in other
                                                                                                comprehensive income.

                     e.   Transaksi dengan pihak-pihak berelasi                    e.   Transactions with related parties

                          Grup telah melakukan transaksi dengan pihak-                  The Group has entered into transactions with
                          pihak berelasi tertentu, sesuai dengan PSAK                   certain related parties as defined under PSAK
                          224 “Pengungkapan pihak-pihak berelasi”.                      224 “Related party disclosures”.

                          Perusahaan dikendalikan oleh entitas langsung                 The Company are controlled by its immediate
                          induk langsungnya, Garuda, Badan Usaha Milik                  parent company, Garuda, a state-owned
                          Negara. Maka, saldo dan transaksi yang                        enterprise. Therefore, significant transactions
                          material antara Grup dengan Pemerintah                        and balances of the Group with the
                          Negara Republik Indonesia dan entitas berelasi                Government of the Republic of Indonesia and
                          dengan Pemerintah diungkapkan dalam catatan                   Government-related entities are disclosed in the
                          atas laporan keuangan konsolidasian yang                      relevant notes to the consolidated financial
                          relevan. Grup memilih untuk mengungkapkan                     statements. The Group elected to disclose the
                          transaksi dengan entitas berelasi dengan                      transactions with Government-related entities,
                          Pemerintah       dengan        menggunakan                    using the exemption from general related party
                          pengecualian dari persyaratan pengungkapan                    disclosure requirements.
                          pihak berelasi.

                          Seluruh transaksi yang signifikan dengan pihak-               All significant transactions with related parties
                          pihak berelasi telah diungkapkan dalam catatan                are disclosed in the notes to the consolidated
                          atas laporan konsolidasian.                                   financial statements.




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                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/10 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                       (Expressed in US Dollars, unless otherwise stated)


                    2.      INFORMASI        KEBIJAKAN              AKUNTANSI        2.   MATERIAL       ACCOUNTING                          POLICY
                            MATERIAL (lanjutan)                                           INFORMATION (continued)

                            f.   Aset dan liabilitas keuangan                             f.     Financial assets and liabilities

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

                                 Aset keuangan                                                   Financial assets

                                 Pengakuan awal                                                  Initial recognition

                                 Klasifikasi dan pengukuran aset keuangan                        The classification and measurement of financial
                                 harus didasarkan pada model bisnis dan arus                     assets are based on business model and
                                 kas kontraktual - apakah hanya dari                             contractual cash flows - whether from solely
                                 pembayaran pokok dan bunga.                                     payment of principal and interest.

                                  Aset keuangan diklasifikasikan dalam lingkup                   Financial assets within the scope of PSAK 109
                                  PSAK 109 ”Instrumen Keuangan” dikategorikan                    “Financial Instruments” are classified into
                                  sebagai berikut:                                               categories as follows:
                                 -   Aset keuangan yang diukur dengan biaya                      -    Financial assets at amortised cost;
                                     diamortisasi;                                               -    Financial assets at fair value through profit
                                 -   Aset keuangan yang diukur dengan nilai                           or loss (“FVTPL”) or other comprehensive
                                     wajar melalui laba rugi atau melalui                             income (“FVOCI”).
                                     penghasilan komprehensif lain.

                                 Pada tanggal 31 Desember 2024, Grup hanya                       As at 31 December 2024, the Group only has
                                 memiliki aset keuangan yang diukur pada biaya                   financial assets measured at amortised cost,
                                 perolehan diamortisasi, yang terdiri dari piutang               which comprise of trade receivables, other
                                 usaha, piutang lainnya, aset kontrak, dan kas                   receivables, contract assets, and cash and
                                 dan setara kas di laporan posisi keuangan                       cash equivalents in the consolidated statements
                                 konsolidasian. Aset keuangan diklasifikasikan                   of financial position. Financial assets are
                                 sebagai aset lancar, jika jatuh tempo dalam                     classified as current assets if expected to be
                                 waktu 12 bulan, jika tidak maka aset keuangan                   settled within 12 months, otherwise they are
                                 ini diklasifikasikan sebagai aset tidak lancar.                 classified as non-current assets.

                                 Grup menentukan klasifikasi aset keuangan                        The Group determines the classification of its
                                 pada saat pengakuan awal. Aset keuangan                          financial assets at initial recognition. The Group
                                 Grup diklasifikasikan sebagai aset keuangan                      has financial assets classified as financial
                                 yang diukur dengan biaya diamortisasi dan aset                   assets at amortised cost and financial assets at
                                 keuangan yang diukur dengan nilai wajar                          fair value through profit or loss.
                                 melalui laba rugi.

                                 Semua aset keuangan pada awalnya diakui                         All financial assets are recognised initially at fair
                                 sebesar nilai wajar ditambah dengan biaya-                      value plus transaction costs, except in the case
                                 biaya transaksi, kecuali aset keuangan yang                     of financial assets which are recorded at fair
                                 dicatat pada nilai wajar melalui laba rugi. Biaya               value through profit or loss. Transaction costs
                                 transaksi dari aset keuangan yang dicatat pada                  of financial assets carried at fair value through
                                 nilai wajar melalui laba rugi dibebankan pada                   profit or loss are expensed in the profit or loss.
                                 laba rugi.




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                                                                Lampiran - 5/11 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                   31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                       (Expressed in US Dollars, unless otherwise stated)


                2.   INFORMASI        KEBIJAKAN                AKUNTANSI         2.   MATERIAL        ACCOUNTING                        POLICY
                     MATERIAL (lanjutan)                                              INFORMATION (continued)

                     f.   Aset dan liabilitas keuangan (lanjutan)                     f.     Financial assets and liabilities (continued)

                          Aset keuangan (lanjutan)                                           Financial assets (continued)

                          Pengukuran setelah pengakuan awal                                  Subsequent measurement

                          Aset keuangan kelompok biaya perolehan                             Financial assets as amortised cost measured at
                          diamortisasi diukur pada biaya perolehan                           amortised cost using the effective interest rate
                          diamortisasi dengan menggunakan metode                             method.
                          suku bunga efektif.

                          Penghentian pengakuan                                              Derecognition

                          Aset keuangan (atau mana yang lebih tepat,                         A financial asset (or where applicable, a part of
                          bagian dari aset keuangan atau bagian dari                         a financial asset or part of a group of similar
                          kelompok aset keuangan serupa) dihentikan                          financial assets) is derecognised when: (1) the
                          pengakuannya pada saat: (1) hak kontraktual                        contractual rights to receive cash flows from the
                          untuk menerima arus kas yang berasal dari                          aset have expired; or (2) the Group has
                          aset tersebut telah berakhir; atau (2) Grup telah                  transferred its contractual rights to receive the
                          mengalihkan hak kontraktual mereka untuk                           cash flows of the financial assets or retained the
                          menerima arus kas yang berasal dari aset                           contractual rights to receive the cash flows of
                          keuangan atau memiliki hak kontraktual untuk                       the financial asset, but assumes a contractual
                          menerima arus kas yang berasal dari aset                           obligation to pay the cash flows to one or more
                          keuangan, tetapi berkewajiban untuk membayar                       recipients (pass-through transfer).
                          arus kas ke satu atau lebih penerima (pass-
                          through transfer).

                          Liabilitas keuangan                                                Financial liabilities

                          Pengakuan awal                                                     Initial recognition

                          Liabilitas keuangan diklasifikasikan dalam                         Financial assets within the scope of PSAK 109
                          lingkup PSAK 109 “Instrumen Keuangan”                              “Financial Instruments” are classified into
                          dikategorikan sebagai berikut:                                     categories as follows:
                          - Liabilitas keuangan yang diukur dengan                           -   Financial liabilities at amortised cost;
                              biaya diamortisasi;                                            -   Financial liabilities at fair value through
                          - Liabilitas keuangan yang diukur dengan nilai                         profit or loss (“FVTPL”) or other
                              wajar melalui laba rugi.                                           comprehensive income (“FVOCI”).

                          Pada tanggal 31 Desember 2024, Grup hanya                          As at 31 December 2024, the Group only has
                          memiliki liabilitas keuangan yang diukur pada                      financial liabilities categorised at amortised cost
                          biaya perolehan diamortisasi, yang terdiri dari                    which comprise of trade payables, other
                          utang usaha, utang lain-lain, akrual, pinjaman,                    payables, accruals, loans, lease liabilities, and
                          liabilitas sewa, dan liabilitas keuangan jangka                    other non-current financial liabilities. Financial
                          panjang       lain-lain.  Liabilitas       keuangan                liabilities are classified as non-current liabilities
                          diklasifikasikan     sebagai    liabilitas    jangka               when the remaining maturity is more than 12
                          panjang jika jatuh tempo melebihi 12 bulan dan                     months, and as current liabilities when the
                          sebagai liabilitas jangka pendek jika jatuh                        remaining maturity is less than 12 months.
                          tempo yang tersisa kurang dari 12 bulan.

                          Semua liabilitas keuangan diakui pada awalnya                      All financial liabilities are recognised initially at
                          sebesar nilai wajar.                                               fair value.




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                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                     Lampiran - 5/12 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                        (Expressed in US Dollars, unless otherwise stated)


                    2.      INFORMASI        KEBIJAKAN               AKUNTANSI        2.   MATERIAL        ACCOUNTING                        POLICY
                            MATERIAL (lanjutan)                                            INFORMATION (continued)

                            f.   Aset dan liabilitas keuangan (lanjutan)                   f.     Financial assets and liabilities (continued)

                                 Liabilitas keuangan                                              Financial liabilities

                                 Pengukuran setelah pengakuan awal                                Subsequent measurement

                                 Liabilitas keuangan diukur pada biaya                            Financial liabilities measured at amortised cost
                                 perolehan diamortisasi dengan menggunakan                        using the effective interest rate method.
                                 metode suku bunga efektif.

                                 Penghentian pengakuan                                            Derecognition

                                 Liabilitas keuangan dihentikan pengakuannya                      A financial liability is derecognised when the
                                 pada saat liabilitas tersebut berakhir atau                      obligation under the liability is discharged or
                                 dibatalkan atau kedaluwarsa. Dalam hal suatu                     cancelled or has expired. When an existing
                                 liabilitas keuangan yang ada digantikan oleh                     financial liability is replaced by another from the
                                 liabilitas keuangan lain dari pemberi pinjaman                   same lender with substantially different terms,
                                 yang sama dengan persyaratan yang berbeda                        or the terms of an existing liability are
                                 secara substansial, atau modifikasi secara                       substantially modified, such an exchange or
                                 substansial atas persyaratan dari suatu liabilitas               modification is treated as a derecognition of the
                                 yang ada, pertukaran atau modifikasi tersebut                    original liability and the recognition of a new
                                 diperlakukan sebagai penghentian pengakuan                       liability, with the difference in the respective
                                 liabilitas awal dan pengakuan liabilitas baru,                   carrying amounts being recognised in the
                                 dan selisih antara nilai tercatat masing-masing                  consolidated profit or loss.
                                 liabilitas diakui dalam laba rugi konsolidasian.

                            g.   Instrumen keuangan disalinghapus                          g.     Offsetting financial instruments

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

                            h.   Penurunan nilai aset non-keuangan                         h.     Impairment of non-financial asset

                                 Pada setiap akhir periode pelaporan, Grup                        At the end of each reporting period, the Group
                                 menelaah nilai tercatat aset non-keuangan                        reviews the carrying amounts of non-financial
                                 untuk menentukan apakah terdapat indikasi                        assets to determine whether there is any
                                 bahwa aset tersebut telah mengalami                              indication that the assets have suffered an
                                 penurunan nilai. Kerugian akibat penurunan                       impairment loss. An impairment loss is
                                 nilai diakui sebesar selisih antara nilai tercatat               recognised at the amount by which the carrying
                                 aset dengan nilai yang dapat diperoleh kembali                   amount of the asset exceeds its recoverable
                                 dari aset tersebut.                                              amount.




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                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                             Lampiran - 5/13 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                    (Expressed in US Dollars, unless otherwise stated)


                2.   INFORMASI        KEBIJAKAN              AKUNTANSI        2.   MATERIAL        ACCOUNTING                       POLICY
                     MATERIAL (lanjutan)                                           INFORMATION (continued)

                     h.   Penurunan       nilai     aset   non-keuangan            h.     Impairment       of     non-financial      assets
                          (lanjutan)                                                      (continued)

                          Nilai yang dapat diperoleh kembali adalah nilai                 A recoverable amount is the higher of its fair
                          yang lebih tinggi antara nilai wajar dikurangi                  value less cost to sell and its value in use of the
                          biaya untuk menjual dan nilai pakai aset. Dalam                 assets. For the purpose of assessing
                          rangka mengukur penurunan nilai, aset                           impairment, assets are grouped at the lowest
                          dikelompokkan hingga unit terkecil yang                         levels for which there are separately identifiable
                          menghasilkan arus kas terpisah.                                 cash flows.

                          Setiap tanggal pelaporan, aset non-keuangan                     At each reporting date, non-financial assets that
                          yang telah mengalami penurunan nilai ditelaah                   suffered impairment are reviewed for possible
                          untuk     menentukan      apakah      terdapat                  reversal of the impairment. Reversal of
                          kemungkinan pemulihan penurunan nilai.                          impairment losses will be immediately
                          Pembalikan rugi penurunan nilai tersebut diakui                 recognised in profit or loss.
                          langsung dalam laba rugi.

                     i.   Kas dan setara kas                                       i.     Cash and cash equivalents

                          Kas dan setara kas mencakup kas, simpanan                       Cash and cash equivalents include cash in
                          yang sewaktu-waktu bisa dicairkan dan                           hand, deposits held at call with banks, other
                          investasi likuid jangka pendek lainnya dengan                   short-term highly liquid investments with original
                          yang jatuh tempo dalam waktu tiga bulan atau                    maturities of three months.
                          kurang.

                          Kas dan setara kas yang telah ditentukan                        Cash and cash equivalents which have been
                          penggunaannya atau yang tidak dapat                             restricted for certain purposes or which cannot
                          digunakan secara bebas digolongkan dalam                        be used freely are classified as restricted cash
                          kas dan setara kas dibatasi penggunaannya.                      and cash equivalents.

                     j.   Piutang usaha dan piutang lain-lain                      j.     Trade and other receivables

                          Piutang usaha merupakan jumlah yang terutang                    Trade receivables are amounts due from
                          dari pelanggan atas penjualan barang                            customers for merchandise sold or services
                          dagangan atau jasa dalam kegiatan usaha                         performed in the ordinary course of business. If
                          normal. Jika piutang diperkirakan dapat ditagih                 collection is expected in one year or, they are
                          dalam waktu satu tahun atau kurang, piutang                     classified as current assets. If not, they are
                          diklasifikasikan sebagai aset lancar. Jika tidak,               presented as non-current assets.
                          piutang disajikan sebagai aset tidak lancar.

                          Piutang lain-lain merupakan piutang yang                        Other receivables are receivables arising from
                          berasal dari transaksi yang dilakukan di luar                   transactions outside the ordinary course of
                          kegiatan usaha biasa. Piutang lain-lain dari                    business. Other receivables from related parties
                          pihak berelasi disajikan sebagai aset tidak                     are presented as non-current assets, unless
                          lancar, kecuali jika dapat dibuktikan sebagai                   they can be substantiated as current assets.
                          aset lancar.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/14 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      (Expressed in US Dollars, unless otherwise stated)


                    2.      INFORMASI        KEBIJAKAN             AKUNTANSI        2.   MATERIAL        ACCOUNTING                        POLICY
                            MATERIAL (lanjutan)                                          INFORMATION (continued)

                            j.   Piutang usaha dan piutang lain-lain (lanjutan)          j.     Trade and other receivables (continued)

                                 Kolektibilitas piutang usaha dan piutang lain-                 The collectability of trade receivables and other
                                 lain ditinjau secara berkala. Penyisihan piutang               receivables is periodically reviewed. Allowance
                                 ragu-ragu diukur berdasarkan kerugian kredit                   for doubtful accounts is measured based on
                                 ekspektasian dengan melakukan reviu atas                       expected credit loss by reviewing the
                                 kolektibilitas saldo secara individual atau                    collectability of individual or collective balances
                                 kolektif sepanjang umur piutang usaha dengan                   throughout the life of the trade receivables
                                 pendekatan forward-looking yang dilakukan                      using the forward-looking approach at the end
                                 setiap akhir periode pelaporan. Piutang yang                   of each reporting period. Receivables, which
                                 diketahui tidak tertagih, dihapuskan secara                    are known to be uncollectible, are written off
                                 langsung dengan mengurangi nilai tercatatnya.                  immediately by reducing the carrying value.

                            k.   Persediaan                                              k.     Inventories

                                 Persediaan dinyatakan sebesar nilai yang lebih                 Inventories are stated at cost or net realisable
                                 rendah antara harga perolehan atau nilai                       value, whichever is lower and less a provision
                                 realisasi bersih, dikurangi dengan provisi                     for obsolete and slowmoving items. Cost is
                                 persediaan usang dan bergerak lambat. Biaya                    determined using the weighted-average for
                                 ditentukan dengan metode rata-rata tertimbang                  expendable spare parts and repairable and
                                 untuk suku cadang expendable dan repairable                    specific identification method for rotable spare
                                 dan identifikasi spesifik untuk suku cadang                    parts. Net realisable value represents the
                                 rotable. Nilai realisasi bersih merupakan                      estimated selling price for inventories less costs
                                 taksiran harga jual persediaan dikurangi biaya                 necessary to make the sale.
                                 yang diperlukan untuk menjual.

                                 Provisi persediaan usang dan bergerak lambat                   A provision for obsolete and slow-moving items
                                 ditentukan berdasarkan estimasi penggunaan                     is determined on the basis of estimated future
                                 atau dengan mempertimbangkan umur masing-                      usage or ageing of each inventory item.
                                 masing item persediaan.

                                 Provisi dihapuskan pada saat persediaan telah                  Provisions are written-off when inventories are
                                 terjual atau secara fisik dihapuskan.                          sold or physically disposed.

                            l.   Aset tetap                                              l.     Fixed assets

                                 Grup menganalisis fakta dan keadaan untuk                      The     Group     analyses     the     facts  and
                                 masing-masing jenis hak atas tanah dalam                       circumstances for each type of land rights in
                                 menentukan akuntansi untuk hak atas tanah                      determining the accounting for each of these
                                 tersebut sehingga dapat merepresentasikan                      land rights so that it can accurately represent an
                                 dengan tepat kejadian atau transaksi ekonomi                   underlying economic event or transaction. If the
                                 yang mendasarinya. Jika hak atas tanah                         land rights do not transfer control of the
                                 tersebut tidak mengalihkan pengendalian atas                   underlying assets to the Group, but give the
                                 aset pendasar kepada Grup, melainkan                           rights to use the underlying assets, the Group
                                 mengalihkan hak untuk menggunakan aset                         applies the accounting treatment of these
                                 pendasar,     Grup   menerapkan      perlakuan                 transactions as leases under PSAK 116
                                 akuntansi atas transaksi tersebut sebagai sewa                 “Leases”. If land rights are substantially similar
                                 berdasarkan PSAK 116 “Sewa”. Jika hak atas                     to land purchases, the Group applies PSAK 216
                                 tanah secara substansi menyerupai pembelian                    “Fixed assets”.
                                 tanah, maka Grup menerapkan PSAK 216
                                 “Aset tetap”.




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                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                             Lampiran - 5/15 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                2.   INFORMASI        KEBIJAKAN             AKUNTANSI        2.   MATERIAL        ACCOUNTING                      POLICY
                     MATERIAL (lanjutan)                                          INFORMATION (continued)

                     l.   Aset tetap (lanjutan)                                   l.     Fixed assets (continued)

                          Bangunan dan prasarana yang dimiliki untuk                     Buildings and improvements held for use in the
                          digunakan dalam penyediaan barang dan jasa,                    supply of goods and services or for
                          atau untuk tujuan administratif disajikan                      administrative purposes are shown at fair value,
                          sebesar nilai wajar, berdasarkan penilaian yang                based on valuations performed by external
                          dilakukan oleh penilai independen eksternal                    independent valuers which are registered with
                          yang telah terdaftar di OJK, dikurangi                         OJK, less subsequent depreciation. Valuations
                          penyusutan. Penilaian atas aset tersebut                       are performed with sufficient regularity to
                          dilakukan secara berkala untuk memastikan                      ensure that the fair value of a revalued asset
                          bahwa nilai wajar aset yang direvaluasi tidak                  does not differ materially from its carrying
                          berbeda secara material dengan jumlah                          amount. Any accumulated depreciation at the
                          tercatatnya. Akumulasi penyusutan pada                         date of revaluation is eliminated against the
                          tanggal revaluasi dieliminasi terhadap nilai                   gross carrying amount of the asset, and the net
                          tercatat bruto aset dan nilai netonya disajikan                amount is restated to the revalued amount of
                          kembali sebesar jumlah revaluasi aset. Aset                    the asset. All other fixed assets are stated at
                          tetap lainnya dan peralatan disajikan sebesar                  historical cost less depreciation. Historical cost
                          harga perolehan dikurangi dengan penyusutan.                   includes expenditure that is directly attributable
                          Harga perolehan termasuk pengeluaran yang                      to the acquisition of the items.
                          dapat diatribusikan secara langsung atas
                          perolehan aset tersebut.

                          Biaya-biaya setelah pengakuan awal diakui                      Subsequent costs are included in the asset’s
                          sebagai bagian nilai tercatat aset atau sebagai                carrying amount or recognised as a separate
                          aset yang terpisah, sebagaimana mestinya,                      asset, as appropriate, only when it is probable
                          hanya jika kemungkinan besar Grup mendapat                     that future economic benefits associated with
                          manfaat ekonomis di masa depan berkenaan                       the item will flow to the Group and the cost of
                          dengan aset tersebut dan biaya perolehan aset                  the item can be measured reliably. The carrying
                          dapat diukur dengan andal. Nilai tercatat dari                 amount of the replaced part is derecognised. All
                          komponen yang diganti dihapuskan. Biaya                        other repairs and maintenance are charged to
                          perbaikan dan pemeliharaan dibebankan pada                     the consolidated statement of profit or loss
                          laporan laba rugi konsolidasian dalam periode                  during the financial period in which they are
                          keuangan ketika biaya-biaya tersebut terjadi.                  incurred.

                          Kenaikan nilai tercatat yang timbul dari                       Increases in the carrying amount arising on
                          revaluasi bangunan dan prasarana dikreditkan                   revaluation of building and improvements are
                          sebagai bagian dari penghasilan komprehensif                   credited as part of other comprehensive
                          lainnya. Penurunan yang menghapus nilai                        income. Decreases that offset previous
                          kenaikan yang sebelumnya atas aset yang                        increases of the same asset are debited as part
                          sama dibebankan sebagai bagian dari                            of other comprehensive income; all other
                          penghasilan komprehensif; penurunan lainnya                    decreases are charged in the consolidated
                          dibebankan     pada     laporan    laba    rugi                statement of profit or loss. At each reporting
                          konsolidasian. Setiap periode pelaporan, selisih               period, the difference between depreciation
                          antara penyusutan berdasarkan nilai revaluasi                  based on the revalued carrying amount of the
                          aset yang diakui di dalam laporan laba rugi                    asset charged to the consolidated statement of
                          konsolidasian dan penyusutan berdasarkan                       profit or loss and depreciation based on the
                          harga perolehan awal aset ditransfer dari                      asset’s original cost is transferred from “asset
                          “cadangan revaluasi aset” ke dalam “saldo                      revaluation reserve” to “retained earnings”.
                          laba”.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
500 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                 Integrated Report 2024
Page 501
                                                                                                                                      Laporan Keuangan
                                                                                                                                        Financial Report




                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/16 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      (Expressed in US Dollars, unless otherwise stated)


                    2.      INFORMASI        KEBIJAKAN             AKUNTANSI        2.   MATERIAL        ACCOUNTING                         POLICY
                            MATERIAL (lanjutan)                                          INFORMATION (continued)

                            l.   Aset tetap (lanjutan)                                   l.     Fixed assets (continued)

                                 Penyusutan aset tetap dihitung dengan                          Depreciation on fixed assets is calculated using
                                 menggunakan metode garis lurus untuk                           the straight-line method to allocate their cost or
                                 mengalokasikan harga perolehan atau jumlah                     revalued amounts to their residual values over
                                 revaluasi sampai dengan nilai sisanya selama                   their estimated useful lives, as follows:
                                 masa manfaat yang diestimasi, sebagai berikut:

                                                                                           Persentase
                                                                                           penyusutan/
                                                                                          Percentage of
                                                                   Tahun/Years            depreciation

                                 Bangunan dan prasarana               15 - 50            2.00% - 6.67%                    Building and improvements
                                 Suku cadang rotable                   4 - 20            5.00% - 25.00%                           Rotable spare parts
                                 Peralatan dan
                                      perlengkapan bengkel            5 - 15             6.67% - 20.00%             Warehouse tools and equipments
                                 Peralatan kantor
                                      dan komputer                    2 - 15              6.67% - 50.00%            Office equipments and computers
                                 Perbaikan aset sewa                   2-3               33.33% - 50.00%                     Leasehold improvements

                                 Nilai sisa aset, masa manfaat dan metode                       The assets’ residual values, useful lives and
                                 penyusutan ditelaah dan jika perlu disesuaikan,                depreciation method are reviewed and adjusted
                                 pada setiap akhir periode pelaporan.                           if appropriate, at the end of each reporting
                                                                                                period.

                                 Nilai tercatat aset segera diturunkan sebesar                  An asset’s carrying amount is written down
                                 jumlah yang dapat dipulihkan jika nilai tercatat               immediately to its recoverable amount if the
                                 aset lebih besar dari estimasi jumlah yang                     asset’s carrying amount is greater than its
                                 dapat dipulihkan.                                              estimated recoverable amount.

                                 Keuntungan atau kerugian bersih atas                           Net gains or losses on disposals are
                                 pelepasan aset tetap ditentukan dengan                         determined by comparing the proceeds with the
                                 membandingkan hasil yang diterima dengan                       carrying amount and are recognised within
                                 nilai tercatat dan diakui pada “pendapatan lain-               “other income, net” in the consolidated
                                 lain, bersih” dalam laporan laba rugi                          statement of profit or loss.
                                 konsolidasian.

                                 Jika aset yang direvaluasi dihapus, jumlah yang                When revalued assets are disposed, the
                                 dicatat di dalam ekuitas dipindahkan ke saldo                  amounts included in equity are transferred to
                                 laba.                                                          retained earnings.

                                 Akumulasi biaya konstruksi bangunan dan                        The accumulated costs of the construction of
                                 pemasangan mesin dikapitalisasi sebagai aset                   buildings and the installation of machinery are
                                 dalam       penyelesaian.   Biaya    tersebut                  capitalised as construction in progress. These
                                 direklasifikasi ke akun aset tetap pada saat                   costs are reclassified to fixed assets when the
                                 proses konstruksi atau pemasangan selesai.                     construction or installation is complete.
                                 Penyusutan dimulai pada saat aset tersebut                     Depreciation is charged from the date the
                                 siap untuk digunakan sesuai dengan tujuan                      assets are ready for use in the manner intended
                                 yang diinginkan manajemen.                                     by management.




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                                                                                                                        PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                 Facility AeroAsia Tbk
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                                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                             Lampiran - 5/17 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)               (Expressed in US Dollars, unless otherwise stated)


                2.   INFORMASI        KEBIJAKAN             AKUNTANSI        2.   MATERIAL        ACCOUNTING                    POLICY
                     MATERIAL (lanjutan)                                          INFORMATION (continued)

                     m. Penurunan nilai aset keuangan                             m. Impairment of financial asset

                          Grup menilai dengan dasar perkiraan masa                     The Group assesses, on a forward-looking
                          yang akan datang, kerugian kredit ekspektasian               basis, the expected credit losses associated
                          terkait dengan aset keuangan yang dicatat                    with its financial assets measured subsequently
                          pada biaya perolehan diamortisasi.                           at amortised cost.

                          Untuk piutang, Grup menerapkan pendekatan                    For receivables, the Group applies the
                          disederhanakan yang diizinkan oleh PSAK 109                  simplified approach permitted by PSAK 109
                          “Instrumen Keuangan”, yang mensyaratkan                      “Financial     Instruments”,    which    requires
                          kerugian kredit seumur hidup yang diharapkan                 expected lifetime credit losses to be recognised
                          harus diakui dari pengakuan awal piutang.                    from initial recognition of the receivables. The
                          Tingkat     kerugian   kredit    ekspektasian                expected credit loss rates are based on the
                          didasarkan pada profil pembayaran historis                   historical payment profile of customers to
                          pelanggan untuk memperkirakan kemungkinan                    estimate the probability of default and the
                          gagal bayar dan kerugian kredit historis terkait             corresponding        historical  credit    losses
                          yang dialami dalam periode yang telah                        experienced within the pre-determined period.
                          ditentukan sebelumnya. Tingkat kerugian kredit               The historical credit loss rates are adjusted to
                          historis disesuaikan untuk mencerminkan                      reflect current and forward-looking information
                          informasi terkini dan informasi masa depan                   on macroeconomic factors affecting the ability
                          mengenai faktor-faktor makroekonomi yang                     of the customers to settle the receivables.
                          mempengaruhi kemampuan pelanggan untuk                       Trade receivables are written off when there is
                          melunasi piutang. Piutang usaha dihapuskan                   no reasonable expectation to recover the
                          jika tidak ada harapan yang wajar untuk                      receivables.
                          memulihkan piutang.

                     n.   Utang usaha                                             n.   Trade payables

                          Utang usaha adalah kewajiban membayar                        Trade payables are obligations to pay for goods
                          barang atau jasa yang telah diterima dalam                   or services that have been acquired in the
                          kegiatan usaha biasa dari pemasok. Utang                     ordinary course of business from suppliers.
                          usaha diklasifikasikan sebagai liabilitas jangka             Trade payables are classified as current
                          pendek jika pembayarannya jatuh tempo dalam                  liabilities if payment is due within one year or
                          waktu satu tahun atau kurang. Jika tidak, utang              less. If not, they are presented as non-current
                          tersebut disajikan sebagai liabilitas jangka                 liabilities.
                          panjang.

                          Utang usaha pada awalnya diakui sebesar nilai                Trade payables are recognised initially at fair
                          wajar dan selanjutnya diukur pada biaya                      value and subsequently measured at amortised
                          perolehan diamortisasi dengan menggunakan                    cost using the effective interest method.
                          metode bunga efektif.

                     o.   Pinjaman                                                o.   Borrowings

                          Pada saat pengakuan awal, pinjaman diakui                    Borrowings are recognised initially at fair value,
                          sebesar nilai wajar, dikurangi dengan biaya-                 net of transaction costs incurred. Borrowings
                          biaya transaksi yang terjadi. Selanjutnya,                   are subsequently carried at amortised cost; any
                          pinjaman diukur sebesar biaya perolehan                      difference between the proceeds (net of
                          diamortisasi;    selisih  antara    penerimaan               transaction costs) and the redemption value is
                          (dikurangi biaya transaksi) dan nilai pelunasan              recognised in the consolidated statement of
                          dicatat pada laporan laba rugi konsolidasian                 profit or loss over the period of the borrowings
                          selama        periode    pinjaman        dengan              using the effective interest method.
                          menggunakan metode bunga efektif.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
502 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                               Integrated Report 2024
Page 503
                                                                                                                                     Laporan Keuangan
                                                                                                                                       Financial Report




                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/18 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                    2.      INFORMASI        KEBIJAKAN              AKUNTANSI        2.   MATERIAL        ACCOUNTING                      POLICY
                            MATERIAL (lanjutan)                                           INFORMATION (continued)

                            o.   Pinjaman (lanjutan)                                      o.   Borrowings (continued)

                                 Biaya yang dibayar untuk memperoleh fasilitas                 Fees paid on the establishment of loan facilities
                                 pinjaman diakui sebagai biaya transaksi                       are recognised as transaction costs of the loan
                                 pinjaman sepanjang besar kemungkinan                          to the extent that it is probable that some or all
                                 sebagian atau seluruh fasilitas akan ditarik.                 of the facility will be drawn down. In this case,
                                 Dalam hal ini, biaya memperoleh pinjaman                      the fee is deferred until the drawdown occurs.
                                 ditangguhkan sampai penarikan pinjaman                        To the extent that there is no evidence of it
                                 terjadi. Sepanjang tidak terdapat bukti bahwa                 being probable that some or all of the facility will
                                 besar kemungkinan sebagian atau seluruh                       be drawn down, the fee is capitalised as a pre-
                                 fasilitas akan ditarik, biaya memperoleh                      payment for liquidity services and amortised
                                 pinjaman dikapitalisasi sebagai pembayaran                    over the period of the facility to which it relates.
                                 dimuka untuk jasa likuiditas dan diamortisasi
                                 selama periode fasilitas yang terkait.

                                 Pinjaman akan dihentikan pengakuannya dari                    Borrowings are removed from the statement of
                                 laporan posisi keuangan ketika kewajiban yang                 financial position when the obligation specified
                                 tertulis pada kontrak dibatalkan, atau sudah                  in the contract is discharged, canceled or has
                                 tidak berlaku. Selisih antara nilai tercatat dari             expired. The difference between the carrying
                                 liabilitas keuangan yang sudah berakhir atau                  amount of a financial liability that has been
                                 dialihkan ke pihak lain, dan imbalan yang                     extinguished or transferred to another party and
                                 dibayarkan, termasuk aset non kas yang                        the consideration paid, including any non-cash
                                 dialihkan atau liabilitas yang ditanggung, diakui             assets transferred or liabilities assumed, is
                                 dalam laporan laba rugi konsolidasian sebagai                 recognised in the consolidated statement of
                                 pendapatan lain-lain atau biaya keuangan.                     profit or loss as other income or finance costs.

                                 Pinjaman diklasifikasikan sebagai liabilitas                  Borrowings are classified as current liabilities
                                 jangka pendek ketika Grup tidak memiliki hak                  when Group does not have the right at the end
                                 pada akhir periode pelaporan untuk menunda                    of the reporting period to defer settlement of the
                                 penyelesaian kewajiban tersebut selama paling                 liability for at least twelve months after the
                                 tidak 12 bulan setelah tanggal periode                        reporting period.
                                 pelaporan.

                            p.   Provisi dan kontinjensi                                  p.   Provision and contingency

                                 Provisi diakui ketika Grup memiliki kewajiban                 Provision is recognised when the Group has a
                                 hukum atau konstruktif masa kini sebagai akibat               present legal or constructive obligation as a
                                 peristiwa masa lalu; terdapat kemungkinan                     result of past events; when it is probable that an
                                 besar    penyelesaian    kewajiban    tersebut                outflow of resources will be required to settle
                                 mengakibatkan arus keluar sumber daya; dan                    the obligation; and when the amount has been
                                 jumlah kewajiban tersebut dapat diukur secara                 reliably estimated. Provision is not recognised
                                 andal. Provisi tidak diakui untuk kerugian                    for future operating losses.
                                 operasi masa depan.

                                 Ketika terdapat beberapa kewajiban yang                       Where there are a number of similar
                                 serupa,       kemungkinan        penyelesaian                 obligations, the likelihood that an outflow will be
                                 mengakibatkan arus keluar ditentukan dengan                   required in settlement is determined by
                                 mempertimbangkan kelas kewajiban secara                       considering the class of obligations as a whole.
                                 keseluruhan.     Provisi  diakui    walaupun                  A provision is recognised even if the likelihood
                                 kemungkinan adanya arus keluar sehubungan                     of an outflow with respect to any one item
                                 dengan item manapun yang termasuk dalam                       included in the same class of obligations may
                                 kelas kewajiban yang sama mungkin kecil.                      be small.




                                                                                                                                                      503
                                                                                                                        PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                 Facility AeroAsia Tbk
Page 504
                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES
                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                       DAN ENTITAS ANAK/AND
                                                             Lampiran           SUBSIDIARIES
                                                                      - 5/19 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN Lampiran - 5/19 - Schedule            NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
                CATATAN   ATAS2024
                31 DESEMBER      LAPORAN
                                    DAN 2023KEUANGAN                                NOTES   TO THE CONSOLIDATED
                                                                                      31 DECEMBER      2024 AND 2023
                KONSOLIDASIAN
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      FINANCIAL
                                                                     (Expressed in US Dollars,          STATEMENTS
                                                                                               unless otherwise stated)
                31 DESEMBER 2024 DAN 2023                                             31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain) (Expressed in US Dollars, unless otherwise stated)
                2.   INFORMASI          KEBIJAKAN           AKUNTANSI                 2.   MATERIAL          ACCOUNTING           POLICY
                     MATERIAL (lanjutan)                                                   INFORMATION (continued)
                2.   INFORMASI          KEBIJAKAN           AKUNTANSI                 2.   MATERIAL          ACCOUNTING           POLICY
                     p. Provisi (lanjutan)
                     MATERIAL    dan kontinjensi (lanjutan)                                INFORMATION   (continued)
                                                                                           p. Provision and contingency (continued)
                     p.   Provisi  dan kontinjensi
                          Provisi diukur    sebesar nilai(lanjutan)
                                                               kini dari estimasi          p.   Provision
                                                                                                Provisions and     contingency
                                                                                                              are measured         (continued)
                                                                                                                              at the  present value of
                          terbaik manajemen atas pengeluaran yang                               management’s best estimate of the expenditure
                          diharapkan diperlukan untukkinimenyelesaikan
                          Provisi  diukur   sebesar     nilai        dari estimasi              Provisions    are measured    at the  present value
                                                                                                required to settle the present obligation              of
                                                                                                                                                  at the
                          terbaik
                          kewajiban manajemen
                                       kini pada akhiratas periode
                                                             pengeluaran      yang
                                                                       pelaporan.               management’s       best estimate
                                                                                                end of the reporting      period. of
                                                                                                                                   Thethediscount
                                                                                                                                            expenditure
                                                                                                                                                    rate
                          diharapkan     diperlukan
                          Tingkat diskonto          yanguntuk      menyelesaikan
                                                              digunakan      untuk              required    to settle the
                                                                                                used to determine      the present   obligation
                                                                                                                           present value          at the
                                                                                                                                             is a pretax
                          menentukankininilai
                          kewajiban          padakiniakhir
                                                       adalahperiode
                                                                 tingkatpelaporan.
                                                                          diskonto              end   of the
                                                                                                rate that      reporting
                                                                                                           reflects       period.
                                                                                                                     current marketThe    discount rate
                                                                                                                                      assessments      of
                          Tingkat    diskonto
                          sebelum pajak       yangyang        digunakanpenilaian
                                                      mencerminkan           untuk              used   to determine
                                                                                                the time               the present
                                                                                                           value of money    and thevalue
                                                                                                                                       risksisspecific
                                                                                                                                                a pretax
                                                                                                                                                       to
                          menentukan      nilai  kini  adalah
                          pasar atas nilai waktu uang dan risiko tingkat  diskonto
                                                                              yang              rate  that reflects  current market   assessments
                                                                                                the liability. The increase in the provision due to    of
                          sebelum    pajak kewajiban.
                          terkait dengan      yang mencerminkan
                                                            Peningkatan  penilaian
                                                                            provisi             the time   value  of money   and  the  risks
                                                                                                the passage of time is recognised as interest specific to
                          pasar   atas  nilai   waktu    uang    dan  risiko
                          karena berjalannya waktu diakui sebagai beban       yang              the liability. The increase in the provision due to
                                                                                                expense.
                          bunga. dengan kewajiban. Peningkatan provisi
                          terkait                                                               the passage of time is recognised as interest
                          karena berjalannya waktu diakui sebagai beban                         expense.
                          bunga.
                          Liabilitas kontinjensi tidak diakui pada laporan                      Contingent liabilities are not recognised in the
                          keuangan konsolidasian. Liabilitas kontinjensi                        consolidated financial statements. They are
                          Liabilitas
                          diungkapkan kontinjensi tidak
                                         di catatan      diakui
                                                      atas       pada
                                                            laporan    laporan
                                                                     keuangan                   disclosed inliabilities
                                                                                                Contingent    the notesare to not  recognised
                                                                                                                               consolidated      in the
                                                                                                                                              financial
                          keuangan
                          konsolidasiankonsolidasian.    Liabilitas kontinjensi
                                           kecuali kemungkinan       keluarnya                  consolidated    financial
                                                                                                statements unless            statements.
                                                                                                                       the possibility       They
                                                                                                                                         of an      are
                                                                                                                                                outflow
                          diungkapkan
                          sumber daya    di catatan
                                              yang atas     laporan keuangan
                                                      mewujudkan       manfaat                  disclosed  in the
                                                                                                of resources       notes to consolidated
                                                                                                                embodying                     financial
                                                                                                                               economic benefits      is
                          konsolidasian
                          ekonomi sangat   kecuali
                                               kecil.kemungkinan     keluarnya
                                                       Aset kontinjensi    tidak                statements   unless the
                                                                                                remote. Contingent          possibility
                                                                                                                       assets   are not of  an outflow
                                                                                                                                         recognised   in
                          sumber
                          diakui      daya
                                      di      yang mewujudkan
                                            dalam       laporan        manfaat
                                                                     keuangan                   of
                                                                                                theresources    embodying
                                                                                                     consolidated    financialeconomic
                                                                                                                                 statements benefits
                                                                                                                                               but areis
                          ekonomi     sangatnamun
                          konsolidasian,       kecil. diungkapkan
                                                       Aset kontinjensi    tidak
                                                                     di dalam                   remote.
                                                                                                disclosed Contingent   assets to
                                                                                                            in the notes        are the
                                                                                                                                     not recognised
                                                                                                                                          consolidatedin
                          diakui
                          catatan atasdi laporan
                                            dalam keuangan
                                                        laporan konsolidasian
                                                                     keuangan                   the  consolidated
                                                                                                financial            financial
                                                                                                            statements       whenstatements
                                                                                                                                      an inflowbut areof
                          konsolidasian,    namun diungkapkan
                          jika terdapat kemungkinan        suatu arusdi masuk
                                                                         dalam                  disclosed   in the isnotes
                                                                                                economic benefits               to the consolidated
                                                                                                                         probable.
                          manfaat atas
                          catatan         laporan
                                     ekonomis       keuangan
                                                mengalir         konsolidasian
                                                          ke dalam   entitas.                   financial statements when an inflow of
                          jika terdapat kemungkinan suatu arus masuk                            economic benefits is probable.
                     q.   manfaat
                          Sewa ekonomis mengalir ke dalam entitas.                         q.   Leases
                     q.   Sewa
                          Pada tanggal awal dimulainya suatu kontrak,                      q.   Leases
                                                                                                On the initial date of a contract, the Group
                          Grup menilai apakah kontrak merupakan atau                            assesses whether the contract is or contains a
                          Pada    tanggalsewa.
                          mengandung      awal Suatu
                                                dimulainya
                                                      kontraksuatu kontrak,
                                                              mengandung                        On
                                                                                                lease.    initial date
                                                                                                    theA contract         of a acontract,
                                                                                                                     contains                     Group
                                                                                                                                             thecontract
                                                                                                                                  lease if the
                          Grup   menilai kontrak
                          sewa apabila   apakah tersebut
                                                  kontrak memberikan
                                                          merupakan atau
                                                                       hak                      assesses    whether
                                                                                                transfers the            to contract
                                                                                                                  rightthe                   contains
                                                                                                                                      theor use
                                                                                                                             control is               a
                                                                                                                                                  of an
                          mengandung
                          untuk          sewa. Suatu kontrak
                                    mengendalikan             mengandung
                                                       penggunaan     aset                      lease.  A contract
                                                                                                identified  asset contains
                                                                                                                     for       a lease
                                                                                                                              period       the contract
                                                                                                                                      ofif time   to be
                          sewa   apabila selama
                          identifikasian kontrak suatu
                                                 tersebut memberikan
                                                       jangka          hak
                                                               waktu untuk                      exchangedthe
                                                                                                transfers         right to control the use of an
                                                                                                              for compensation.
                          untuk     mengendalikan
                          dipertukarkan                penggunaan
                                         dengan imbalan.              aset                      identified asset for a period of time to be
                          identifikasian selama suatu jangka waktu untuk                        exchanged for compensation.
                          dipertukarkan  dengan imbalan.
                          Aset yang diperoleh       melalui sewa diakui                         Assets obtained through lease are recognised
                          sebagai aset hak guna dan liabilitas sewa.                            as right of use of asset and lease liabilities. On
                          Aset   yang diperoleh
                          Pada tanggal   permulaan,melalui      sewa diakui
                                                     lessee mengukur       aset                 Assets    obtained
                                                                                                the initial           through
                                                                                                             date, lessee       lease are
                                                                                                                             measures          recognised
                                                                                                                                           right  of use of
                          hak  gunaaset
                          sebagai     padahak   guna
                                            biaya      dan liabilitas
                                                  perolehan              sewa.
                                                                yang meliputi                   as  right at
                                                                                                asset          costof asset
                                                                                                           of use                   lease liabilities.
                                                                                                                        whichandinclude                  On
                                                                                                                                                the initial
                          Pada
                          jumlahtanggal  permulaan,
                                     pengukuran                mengukursewa,
                                                     lesseeliabilitas
                                                    awal                   aset                 the  initial date, lessee
                                                                                                measurement          of leasemeasures      right of use
                                                                                                                                      liabilities,        of
                                                                                                                                                      lease
                          hak  guna pada
                          pembayaran        biaya
                                         sewa     perolehan
                                                yang  dilakukan yang   meliputi
                                                                    pada   atau                 asset
                                                                                                payments        madewhich
                                                                                                           at cost          on include
                                                                                                                                    or          the initial
                                                                                                                                             before     the
                          sebelum pengukuran
                          jumlah                    awal dikurangi
                                     tanggal permulaan      liabilitas dengan
                                                                         sewa,                  measurement
                                                                                                commencement ofdates       leaseless liabilities,     lease
                                                                                                                                         the incentives
                          insentif yang sewa
                          pembayaran            yang biaya
                                          diterima,   dilakukan     pada awal
                                                              langsung     atau                 received, the made
                                                                                                payments                    on costs
                                                                                                                 initial direct     or incurred
                                                                                                                                             before by the
                                                                                                                                                        the
                          sebelum    tanggal permulaan
                          yang dikeluarkan                dikurangi
                                               oleh lessee,             dengan
                                                                dan estimasi                    commencement
                                                                                                lessee, and estimated  datescostless
                                                                                                                                  to be the      incentives
                                                                                                                                          incurred   by the
                          insentif
                          biaya yangyang  diterima,
                                       akan          biaya
                                            dikeluarkan   olehlangsung     awal
                                                                lessee dalam                    received,    the initial direct
                                                                                                lessee in dismantling            costs incurred
                                                                                                                          and moving                 by the
                                                                                                                                           the underlying
                          yang dikeluarkan
                          membongkar           oleh lessee, aset
                                         dan memindahkan        dan pendasar
                                                                       estimasi                 lessee,
                                                                                                assets andandrestoration
                                                                                                               estimated cost
                                                                                                                            costs.to be incurred by the
                          biaya yang restorasi.
                          serta biaya  akan dikeluarkan oleh lessee dalam                       lessee in dismantling and moving the underlying
                          membongkar dan memindahkan aset pendasar                              assets and restoration costs.
                          Aset biaya
                          serta    hakrestorasi.
                                          guna     kemudian         disusutkan                  The right of use asset is subsequently
                          menggunakan metode garis lurus dari tanggal                           depreciated using the straight-line method from
                          Aset    hak hingga
                          permulaan      guna tanggal
                                                 kemudian      disusutkan
                                                        yang lebih    awal                      The   right of use date
                                                                                                the commencement          asset    is earlier
                                                                                                                               to the   subsequently
                                                                                                                                               of the
                          menggunakan    metode
                          antara akhir umur      garisaset
                                            manfaat    lurus
                                                           hakdari tanggal
                                                                guna  atau                      depreciated   usinglife
                                                                                                end of the useful          the right of method
                                                                                                                     theofstraight-line          from
                                                                                                                                         use asset  or
                          permulaan   hingga tanggal yang lebih awal
                          akhir masa sewa.                                                      the commencement
                                                                                                the end                 date to the earlier of the
                                                                                                         of the lease term.
                          antara akhir umur manfaat aset hak guna atau                          end of the useful life of the right of use asset or
                          akhir masa sewa.                                                      the end of the lease term.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
504 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                               Integrated Report 2024
Page 505
                                                                                                                                                  Laporan Keuangan
                                                                                                                                                    Financial Report




                                                         PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES
                                                         PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                              DAN ENTITAS ANAK/AND
                                                                    Lampiran           SUBSIDIARIES
                                                                             - 5/20 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN Lampiran - 5/20 - Schedule            NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
                    CATATAN   ATAS2024
                    31 DESEMBER      LAPORAN
                                        DAN 2023KEUANGAN                                NOTES   TO THE CONSOLIDATED
                                                                                          31 DECEMBER      2024 AND 2023
                    KONSOLIDASIAN
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      FINANCIAL
                                                                         (Expressed in US Dollars,          STATEMENTS
                                                                                                   unless otherwise stated)
                    31 DESEMBER 2024 DAN 2023                                             31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain) (Expressed in US Dollars, unless otherwise stated)
                    2.      INFORMASI         KEBIJAKAN                   AKUNTANSI           2.   MATERIAL          ACCOUNTING                        POLICY
                            MATERIAL (lanjutan)                                                    INFORMATION (continued)
                    2.      INFORMASI         KEBIJAKAN                   AKUNTANSI           2.   MATERIAL          ACCOUNTING                        POLICY
                            MATERIAL  (lanjutan)
                            q. Sewa (lanjutan)                                                     INFORMATION  (continued)
                                                                                                   q. Leases (continued)
                            q.   Sewa    (lanjutan)
                                 Liabilitas     sewa diukur pada nilai kini                        q.   Leases
                                                                                                        The lease(continued)
                                                                                                                     liability is initially measured at the
                                 pembayaran sewa yang belum dibayar pada                                present value of the lease payments that are
                                 Liabilitas     sewa diukur
                                 tanggal permulaan,               pada nilaidengan
                                                            didiskontokan           kini                not paid liability
                                                                                                        The  lease      at the  is initially  measured atdate,
                                                                                                                                     commencement              the
                                 menggunakansewa
                                 pembayaran        suku yang
                                                        bungabelum
                                                                implisitdibayar   pada
                                                                          dalam sewa                    present
                                                                                                        discountedvalue
                                                                                                                     using    the interest
                                                                                                                          of the   lease payments          in are
                                                                                                                                                        that
                                                                                                                                             rate implicit     the
                                 tanggal
                                 atau jika permulaan,
                                               suku bungadidiskontokan
                                                              tersebut tidakdengandapat                 not
                                                                                                        lease paid
                                                                                                                or, ifat that the rate
                                                                                                                                     commencement
                                                                                                                                          cannot be readily date,
                                 menggunakan
                                 ditentukan, maka  sukumenggunakan
                                                        bunga implisit suku
                                                                          dalambunga
                                                                                  sewa                  discounted
                                                                                                        determined,using
                                                                                                                       usingthe   interest rate
                                                                                                                                incremental       implicit inrate.
                                                                                                                                                borrowing      the
                                 atau
                                 pinjamanjika inkremental.
                                               suku bunga Padatersebut    tidak dapat
                                                                    umumnya,       Grup                 lease   or, the
                                                                                                        Generally,    if thatGrouprateusescannot    be readily
                                                                                                                                               its incremental
                                 ditentukan,
                                 menggunakan     maka suku
                                                       menggunakan
                                                                bunga suku       bunga
                                                                              pinjaman                  determined,
                                                                                                        borrowing rate using
                                                                                                                          as theincremental
                                                                                                                                  discount rate.borrowing rate.
                                 pinjaman
                                 inkremental sebagai tingkat bunga diskonto.Grup
                                              inkremental.  Pada    umumnya,                            Generally, the Group uses its incremental
                                 menggunakan          suku      bunga         pinjaman                  borrowing rate as the discount rate.
                                 inkremental    sebagai tingkat
                                 Untuk menentukan          suku bunga
                                                                   bunga diskonto.
                                                                              pinjaman                  To determine the incremental borrowing rate,
                                 tambahan, Grup:                                                        the Group:
                                 Untuk
                                 - Jika menentukan         suku bunga
                                               memungkinkan,                pinjaman
                                                                       menggunakan                      To   determine
                                                                                                        - Where            the incremental
                                                                                                                       possible,   uses recentborrowing   rate,
                                                                                                                                                    third-party
                                 tambahan,   Grup: pihak ketiga terkini yang
                                    pembiayaan                                                          the financing
                                                                                                             Group: received by the individual lessee
                                 - Jika        memungkinkan,
                                    diterima oleh  penyewa individu    menggunakan
                                                                         sebagai titik                  - Where        possible,point,
                                                                                                            as a starting          usesadjusted
                                                                                                                                           recent third-party
                                                                                                                                                    to reflect
                                    pembiayaan      pihak untuk
                                    awal, disesuaikan         ketiga mencerminkan
                                                                       terkini yang                         financing
                                                                                                            changes in   received   by conditions
                                                                                                                            financing   the individual
                                                                                                                                                   sincelessee
                                                                                                                                                          third
                                    diterima
                                    perubahan oleh kondisi
                                                   penyewa individu
                                                               pembiayaansebagaisejak
                                                                                   titik                    partya financing
                                                                                                            as        starting was
                                                                                                                                 point,  adjusted to reflect
                                                                                                                                    received,
                                    awal,    disesuaikan
                                    pembiayaan               untuk
                                                  pihak ketiga        mencerminkan
                                                                 diterima,                                  changes in financing conditions since third
                                 - perubahan
                                    Menggunakankondisi         pembiayaan
                                                      pendekatan      build-up sejak
                                                                                 yang                   - party
                                                                                                            Uses financing
                                                                                                                    a build-upwas   received,
                                                                                                                                 approach   that starts with a
                                    pembiayaan
                                    dimulai denganpihaksuku
                                                         ketigabunga
                                                                 diterima,
                                                                        bebas risiko                        risk-free interest rate adjusted for credit risk
                                    Menggunakan
                                 - yang               pendekatan      build-up
                                           disesuaikan dengan risiko kredit untukyang                   -   Uses   a build-up
                                                                                                            for leases   held by   Group, that
                                                                                                                               approach    whichstarts       a
                                                                                                                                                       withnot
                                                                                                                                                    does
                                    dimulai
                                    sewa yang dengan   suku
                                                  dimiliki     bunga
                                                            oleh  Grup,bebas
                                                                          yang risiko
                                                                                 tidak                      risk-free interest
                                                                                                            have recent         rate adjusted
                                                                                                                          third-party          forand
                                                                                                                                      financing,   credit risk
                                    yang   disesuaikan
                                    memiliki  pembiayaandengan
                                                             pihakrisiko kredit
                                                                    ketiga      untuk
                                                                           baru-baru                        for leases held by Group, which does not
                                    sewa
                                    ini, danyang dimiliki oleh Grup, yang tidak                             have recent third-party financing, and
                                 - memiliki
                                    Membuatpembiayaan
                                                penyesuaianpihak    ketiga
                                                               spesifik    baru-baru
                                                                         untuk  sewa,                   -   Makes adjustments specific to the lease,
                                    ini, dan contoh jangka waktu, negara, mata
                                    sebagai                                                                 e.g., term, country, currency and security.
                                 - uang
                                    Membuat     penyesuaian
                                           dan keamanan.       spesifik  untuk  sewa,                   -   Makes adjustments specific to the lease,
                                    sebagai contoh jangka waktu, negara, mata                               e.g., term, country, currency and security.
                                    uang
                                 Grup      dan keamanan.
                                         akan   menilai modifikasi sewa dicatat                         The Group will assess whether the lease
                                 sebagai sewa terpisah atau tidak. Modifikasi                           modification is accounted as a separate lease
                                 Grup  akantidak
                                 sewa yang    menilai  modifikasi
                                                  dicatat  sebagai sewasewaterpisah,
                                                                              dicatat                   The   Group
                                                                                                        or not.               assess
                                                                                                                 For awilllease         whether that
                                                                                                                                  modification      the islease
                                                                                                                                                            not
                                 sebagai sewa kembali
                                 Grup menilai   terpisah liabilitas
                                                            atau tidak.
                                                                      sewaModifikasi
                                                                             dengan                     modification
                                                                                                        accounted as   is accounted
                                                                                                                          a separateaslease,a separate    lease
                                                                                                                                                   the Group
                                 sewa yang tidak dicatatpembayaran
                                 mendiskontokan            sebagai sewa terpisah,
                                                                                sewa                    or  not. For the
                                                                                                        remeasured      a lease   modification
                                                                                                                           lease liability        that is the
                                                                                                                                           by discounting   not
                                 Grup menilai tingkat
                                 menggunakan   kembalidiskonto
                                                          liabilitasyang
                                                                      sewa   dengan
                                                                         direvisi.                      accounted
                                                                                                        revised leaseas apayments
                                                                                                                              separate lease,
                                                                                                                                           using the    Group
                                                                                                                                                   a revised
                                 mendiskontokan         pembayaran              sewa                    discount rate.the lease liability by discounting the
                                                                                                        remeasured
                                 menggunakan tingkat diskonto yang direvisi.                            revised lease payments using a revised
                                 Pembayaran sewa yang termasuk dalam                                    discount rate.
                                                                                                        Lease payments       included in the measurement
                                 pengukuran liabilitas sewa meliputi pembayaran                          of the lease liability comprises the following:
                                 Pembayaran
                                 berikut ini:        sewa yang termasuk dalam                            Lease payments included in the measurement
                                 pengukuran
                                 - pembayaran    liabilitas sewa
                                                        tetap      meliputi pembayaran
                                                               (termasuk    pembayaran                  -of the  lease
                                                                                                             fixed     liability (including
                                                                                                                    payments     comprisesin-substance
                                                                                                                                            the following:fixed
                                 berikut
                                    tetapini:secara substansi), dikurangi piutang                           payments), less any lease incentives
                                 - pembayaran
                                    insentif sewa, tetap (termasuk pembayaran                           -   fixed payments (including in-substance fixed
                                                                                                            receivable,
                                 - tetap     secara sewa
                                    pembayaran           substansi),
                                                              variabeldikurangi   piutang
                                                                       yang didasarkan                  -   variable leaseless
                                                                                                            payments),            anythatlease
                                                                                                                            payment              incentives
                                                                                                                                           are based on an
                                    insentif  sewa, atau tingkat, pada awalnya
                                    pada indeks                                                             receivable,
                                                                                                            index or a rate, initially measured using the
                                 - pembayaran
                                    diukur menggunakansewa variabel    yangatau
                                                                   indeks     didasarkan
                                                                                   tingkat              -   index or lease
                                                                                                            variable rate aspayment   that are based date,
                                                                                                                             at the commencement     on an
                                    pada     indeks mulai,
                                    pada tanggal         atau tingkat, pada awalnya                         index or a rate, initially measured using the
                                    diukur     menggunakan         indeks
                                 - jumlah yang diperkirakan akan dibayarkan atau   tingkat              -   index or rate
                                                                                                            amounts       as at thetocommencement
                                                                                                                       expected        be payable bydate,
                                                                                                                                                        the
                                    oleh tanggal
                                    pada   penyewa     mulai,
                                                           berdasarkan jaminan nilai                        lessee under residual value guarantees,
                                 - jumlah
                                    residu, yang diperkirakan akan dibayarkan                           -   amounts expected to be payable by the
                                 - oleh
                                    harga penyewa
                                             pelaksanaan   berdasarkan    jaminan nilai
                                                               dari opsi pembelian     jika             -   lessee underprice
                                                                                                            the exercise residual
                                                                                                                              of avalue guarantees,
                                                                                                                                   purchase option if the
                                    residu,
                                    penyewa cukup yakin untuk menggunakan                                   lessee is reasonably certain to exercise that
                                 - harga     pelaksanaan
                                    opsi tersebut,      dan dari opsi pembelian jika                    -   the exercise
                                                                                                            option, and price of a purchase option if the
                                 - penyewa
                                    pembayaran     cukup    yakin untuk
                                                         penalti    untuk menggunakan
                                                                            penghentian                 -   lessee
                                                                                                            paymentsis reasonably  certain
                                                                                                                         of penalties      to exercise that
                                                                                                                                      for terminating   the
                                    opsi
                                    sewa, tersebut,
                                               jika dan masa sewa mencerminkan                              option,
                                                                                                            lease, ifand
                                                                                                                       the lease term reflects the lessee
                                 - pembayaran
                                    penyewa              penalti
                                                      yang          untuk   penghentian
                                                                 melaksanakan         opsi              -   payments     of penalties for  terminating
                                                                                                            exercising that termination option.         the
                                    sewa,
                                    penghentianjika tersebut.
                                                        masa sewa mencerminkan                              lease, if the lease term reflects the lessee
                                    penyewa           yang       melaksanakan         opsi                  exercising that termination option.
                                    penghentian tersebut.




                                                                                                                                                                     505
                                                                                                                                    PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                             Facility AeroAsia Tbk
Page 506
                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES
                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                        DAN ENTITAS ANAK/AND
                                                              Lampiran           SUBSIDIARIES
                                                                       - 5/21 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN Lampiran - 5/19 - Schedule            NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
                CATATAN   ATAS2024
                31 DESEMBER      LAPORAN
                                    DAN 2023KEUANGAN                                NOTES   TO THE CONSOLIDATED
                                                                                      31 DECEMBER      2024 AND 2023
                KONSOLIDASIAN
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      FINANCIAL
                                                                     (Expressed in US Dollars,          STATEMENTS
                                                                                               unless otherwise stated)
                31 DESEMBER 2024 DAN 2023                                             31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain) (Expressed in US Dollars, unless otherwise stated)
                2.   INFORMASI         KEBIJAKAN                    AKUNTANSI           2.   MATERIAL          ACCOUNTING                             POLICY
                     MATERIAL (lanjutan)                                                     INFORMATION (continued)
                2.   INFORMASI         KEBIJAKAN                    AKUNTANSI           2.   MATERIAL          ACCOUNTING                             POLICY
                     MATERIAL  (lanjutan)
                     q. Sewa (lanjutan)                                                      INFORMATION  (continued)
                                                                                             q. Leases (continued)
                     p.   Provisi  dan kontinjensi
                          Grup dihadapkan         pada (lanjutan)
                                                          potensi kenaikan di                p.   Provision
                                                                                                  The Group     andiscontingency
                                                                                                                         exposed to(continued)
                                                                                                                                           potential future
                          masa depan dalam pembayaran sewa variabel                               increases in variable lease payments based on
                          Provisi  diukur   sebesar
                          berdasarkan indeks atau tarif,nilai  kini dari
                                                                       yangestimasi
                                                                               tidak              Provisions    are  measured      at  the
                                                                                                  an index or rate, which are notpresent     included value
                                                                                                                                                         in theof
                          termasukmanajemen
                          terbaik                     atas pengeluaran
                                        dalam liabilitas          sewa sampai  yang               lease liability best
                                                                                                  management’s         until estimate
                                                                                                                              they take  of theffect.
                                                                                                                                                 expenditure
                                                                                                                                                         When
                          diberlakukan.diperlukan
                          diharapkan                     untuk menyelesaikan
                                           Ketika penyesuaian         pembayaran                  required
                                                                                                  adjustments to settle   the present
                                                                                                                   to lease     payments   obligation
                                                                                                                                               based on at the an
                          kewajiban    kini pada indeks
                          sewa berdasarkan           akhir periode
                                                              atau suku pelaporan.
                                                                             bunga                end
                                                                                                  indexofortherate
                                                                                                                 reporting    period.
                                                                                                                     take effect,     theThe        liabilityrate
                                                                                                                                               discount
                                                                                                                                           lease                is
                          Tingkat    diskonto
                          mulai berlaku,            yang
                                           liabilitas  sewa digunakan
                                                              dinilai kembaliuntuk
                                                                                 dan              used   to determine
                                                                                                  reassessed               the present
                                                                                                                  and adjusted            valuethe
                                                                                                                                     against            pretax
                                                                                                                                                  is aright-of-
                          menentukan      nilai  kini  adalah
                          disesuaikan dengan aset hak guna.      tingkat   diskonto               rate  that
                                                                                                  use asset. reflects   current  market     assessments        of
                          sebelum pajak yang mencerminkan penilaian                               the time value of money and the risks specific to
                          pasar   atas nilai
                          Pembayaran      sewa  waktu    uang danantara
                                                   dialokasikan        risiko pokok
                                                                               yang               the liability.
                                                                                                  Lease          The increase
                                                                                                             payments         are in allocated
                                                                                                                                       the provision    due to
                                                                                                                                                      between
                          terkait dengan keuangan.
                          dan biaya          kewajiban. Peningkatan
                                                              Biaya keuangan provisi              the  passage
                                                                                                  principal   and of    time is
                                                                                                                    finance       recognised
                                                                                                                               cost.   The financeas interest
                                                                                                                                                       cost is
                          karena   berjalannya
                          dibebankan         padawaktu    diakui sebagai
                                                        laporan       laba beban rugi             expense.
                                                                                                  charged to the consolidated statement of profit
                          bunga.
                          konsolidasian selama masa sewa sehingga                                 or loss over the lease period so as to produce a
                          menghasilkan suku bunga periodik yang                                   constant periodic rate of interest on the
                          Liabilitas
                          konstan ataskontinjensi   tidakliabilitas
                                           sisa saldo       diakui pada
                                                                     untuklaporan
                                                                              setiap              Contingent      liabilities of
                                                                                                  remaining balance              are the
                                                                                                                                      not recognised
                                                                                                                                            liability for ineach
                                                                                                                                                              the
                          periode. konsolidasian. Liabilitas kontinjensi
                          keuangan                                                                consolidated
                                                                                                  period.             financial statements. They are
                          diungkapkan di catatan atas laporan keuangan                            disclosed in the notes to consolidated financial
                          Aset hak-gunakecuali
                          konsolidasian       disajikankemungkinan
                                                           sebagai bagiankeluarnya
                                                                                 dari             statements
                                                                                                  Right of use    unless      the possibility
                                                                                                                       of asset      is presented of anasoutflow
                                                                                                                                                            fixed
                          sumber
                          aset tetap,daya      yang liabilitas
                                        sedangkan       mewujudkan         manfaat
                                                                  sewa disajikan                  of  resources
                                                                                                  assets,    whereas  embodying        economic
                                                                                                                           lease liabilities    are benefits
                                                                                                                                                      presented is
                          ekonomi     sangat jangka
                          sebagai liabilitas    kecil. Aset
                                                         panjangkontinjensi    tidak
                                                                    kecuali untuk                 remote.    Contingent
                                                                                                  as long-term                assets
                                                                                                                     liabilities   except    not the
                                                                                                                                       are for    recognised
                                                                                                                                                      parts thatin
                          diakui
                          bagian yang di jatuh
                                             dalam
                                                 tempo laporan
                                                          dalam 12 bulan keuangan
                                                                                atau              the   consolidated
                                                                                                  are due    in 12 months   financial
                                                                                                                                  or lessstatements     but are
                                                                                                                                           that are presented
                          konsolidasian,    namun sebagai
                          kurang yang disajikan         diungkapkan      di jangka
                                                                 liabilitas  dalam                disclosed
                                                                                                  as short-term in the        notes The
                                                                                                                        liabilities.   to the Groupconsolidated
                                                                                                                                                       does not
                          catatan   atas  laporan     keuangan
                          pendek. Grup tidak mengakui aset hak guna konsolidasian                 financial
                                                                                                  recognise the statements
                                                                                                                       right of use  when      an inflow
                                                                                                                                         of asset     and leaseof
                          jika
                          dan terdapat    kemungkinan
                               liabilitas sewa    untuk sewa suatu   arus pendek
                                                                  jangka    masuk                 economic     benefits
                                                                                                  liabilities for  short-termis probable.
                                                                                                                                   leases that have a lease
                          manfaat    ekonomis
                          yang memiliki      masamengalir
                                                       sewakesatu
                                                                dalamtahun
                                                                         entitas.
                                                                                atau              period of one year or less and leases with low
                          kurang dan sewa dengan aset bernilai rendah.                            value assets.
                     q.   Sewa                                                               q.   Leases
                          Pembayaran sewa variabel                                                Variable lease payment
                          Pada tanggal awal dimulainya suatu kontrak,                             On the initial date of a contract, the Group
                          Grup   menilai
                          Beberapa       apakah
                                       sewa       kontrak
                                              berisi  syaratmerupakan   atau
                                                                pembayaran                        assesses
                                                                                                  Some leases whether
                                                                                                                    contain   variable is
                                                                                                                         the contract      or contains
                                                                                                                                        payment      termsa
                          variabel yang sewa.
                          mengandung           Suatu kontrak
                                         dihubungkan           mengandung
                                                        ke pemakaian    aset                      lease.
                                                                                                  that areA contract
                                                                                                             linked to contains  a leaseofif the
                                                                                                                           the usage         the contract
                                                                                                                                                  assets.
                          sewa
                          sewa. apabila  kontrak tersebut
                                     Ketentuan              memberikan
                                                   pembayaran            hak
                                                                    variabel                      transfers   the rightterms
                                                                                                  Variable payment         to control
                                                                                                                                are usedtheforuse   of an
                                                                                                                                                 a variety
                          untuk
                          digunakan mengendalikan
                                       untuk berbagaipenggunaan         aset
                                                          alasan, termasuk                        identified
                                                                                                  of reasons,asset     for minimising
                                                                                                                 including  a period of  thetime
                                                                                                                                              fixed to  be
                                                                                                                                                      costs
                          identifikasian
                          meminimalkanselama
                                           dasar suatu
                                                  biaya jangka
                                                          tetap waktu
                                                                untuk untuk
                                                                      sewa                        exchanged
                                                                                                  base for newlyfor compensation.
                                                                                                                         modified lease agreement.
                          dipertukarkan  dengan imbalan.
                          yang baru dimodifikasi.      Pembayaran sewa                            Variable lease payments that depend on the
                          variabel yang bergantung pada intensitas                                usage of the underlying assets recognised in
                          Aset    yang aset
                          pemakaian       diperoleh
                                                 sewa melalui
                                                        diakui dalam sewa laporan
                                                                               diakui             Assets    obtained through
                                                                                                  the consolidated       statement lease    are recognised
                                                                                                                                       of profit   or loss in
                          sebagai
                          laba rugi aset    hak guna
                                     konsolidasian    pada  danperiode
                                                                  liabilitas   sewa.
                                                                          terjadinya              as
                                                                                                  theright
                                                                                                       periodof use
                                                                                                                 in which    theand
                                                                                                                      of asset         lease liabilities.
                                                                                                                                  condition                On
                                                                                                                                                that triggers
                          kondisitanggal
                          Pada             permulaan,
                                   yang memicu            lessee mengukur
                                                    pembayaran       tersebut. aset               the initial
                                                                                                  those       date, lessee
                                                                                                         payments      occurs.measures right of use of
                          hak guna pada biaya perolehan yang meliputi                             asset at cost which include the initial
                          jumlah     pengukuran
                          Opsi ekstensi               awal liabilitas sewa,
                                           dan terminasi                                          measurement           of leaseoptions
                                                                                                  Extension and termination              liabilities, lease
                          pembayaran sewa yang dilakukan pada atau                                payments         made        on      or      before     the
                          sebelum    tanggal
                          Opsi ekstensi      danpermulaan
                                                   terminasi dikurangi
                                                                termasukdengandalam               commencement
                                                                                                  Extension and erminationdates less optionstheareincentives
                                                                                                                                                     included
                          insentif   sewa diterima,
                          sejumlahyang                  biaya
                                             properti dan         langsung
                                                             peralatan          awal
                                                                          di seluruh              received,
                                                                                                  in a number  the of
                                                                                                                    initial directand
                                                                                                                       property    costs               by the
                                                                                                                                            incurred leases
                                                                                                                                         equipment
                          Grup. dikeluarkan
                          yang                    olehinilessee,
                                    Istilah-istilah                  dan estimasi
                                                              digunakan        untuk              across and
                                                                                                  lessee,   the estimated
                                                                                                                  Group. These cost toterms
                                                                                                                                        be incurred    by the
                                                                                                                                                are used    to
                          biaya yang akan fleksibilitas
                          memaksimalkan        dikeluarkan operasional
                                                              oleh lessee dalam
                                                                              dalam               lessee
                                                                                                  maximise in dismantling
                                                                                                                 operationalandflexibility
                                                                                                                                  moving the   in underlying
                                                                                                                                                    terms of
                          membongkar
                          hal pengelolaan  dan memindahkan          aset pendasar
                                                   kontrak. Mayoritas            opsi             assets   and   restoration   costs.
                                                                                                  managing contracts. The majority of extension
                          serta biayadan
                          ekstensi      restorasi.
                                             terminasi yang dimiliki hanya                        and termination options held are exercisable
                          dapat dilaksanakan oleh Grup dan bukan oleh                             only by the Group and not by the respective
                          Aset
                          pemberihak     guna   kemudian
                                   sewa masing-masing.      disusutkan                            The
                                                                                                  lessor.right of use asset is subsequently
                          menggunakan metode garis lurus dari tanggal                             depreciated using the straight-line method from
                          permulaan hingga tanggal yang lebih awal                                the commencement date to the earlier of the
                          antara akhir umur manfaat aset hak guna atau                            end of the useful life of the right of use asset or
                          akhir masa sewa.                                                        the end of the lease term.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
506 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                                    Integrated Report 2024
Page 507
                                                                                                                                                          Laporan Keuangan
                                                                                                                                                            Financial Report




                                                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES
                                                            PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                 DAN ENTITAS ANAK/AND
                                                                       Lampiran           SUBSIDIARIES
                                                                                - 5/22 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN Lampiran - 5/20 - Schedule            NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
                    CATATAN   ATAS2024
                    31 DESEMBER      LAPORAN
                                        DAN 2023KEUANGAN                                NOTES   TO THE CONSOLIDATED
                                                                                          31 DECEMBER      2024 AND 2023
                    KONSOLIDASIAN
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      FINANCIAL
                                                                         (Expressed in US Dollars,          STATEMENTS
                                                                                                   unless otherwise stated)
                    31 DESEMBER 2024 DAN 2023                                             31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain) (Expressed in US Dollars, unless otherwise stated)
                    2.      INFORMASI         KEBIJAKAN                        AKUNTANSI            2.   MATERIAL         ACCOUNTING                            POLICY
                            MATERIAL (lanjutan)                                                          INFORMATION (continued)
                    2.      INFORMASI         KEBIJAKAN                        AKUNTANSI            2.   MATERIAL         ACCOUNTING                            POLICY
                            r. Imbalan(lanjutan)
                            MATERIAL    kerja                                                            INFORMATION  (continued)
                                                                                                         r. Employee benefits
                            q.   Sewa (lanjutan)
                                 Imbalan pascakerja                                                      q.   Leases (continued)benefits
                                                                                                              Post-employment
                                 Liabilitas
                                 Grup memiliki  sewa     diukur
                                                  berbagai   programpada      nilaisesuai
                                                                        pensiun       kini                    The lease
                                                                                                              The   Group liability  is initially
                                                                                                                            has various             measured
                                                                                                                                              pension    schemes at the
                                                                                                                                                                      in
                                 pembayaran
                                 dengan           sewa yang belum
                                               undang-undang          dandibayar    pada
                                                                               peraturan                      present  valuewith
                                                                                                              accordance      of the    lease payments
                                                                                                                                    prevailing                thatlaws
                                                                                                                                                  labor-related     are
                                 tanggal     permulaan,
                                 ketenagakerjaan      yang didiskontokan          dengan
                                                              berlaku dan kebijakan                           not   paid at and
                                                                                                              and regulations      the thecommencement
                                                                                                                                              Group’s policy. date,The
                                 menggunakan       suku bunga
                                 Grup. Grup memiliki      program implisit
                                                                     imbalandalam
                                                                               pastisewa
                                                                                     dan                      discounted
                                                                                                              Group has using
                                                                                                                            both the   interest
                                                                                                                                    defined        rate implicit
                                                                                                                                               benefit           in the
                                                                                                                                                         and defined
                                 atau    jika suku bunga tersebut tidak dapat
                                 iuran pasti.                                                                 lease   or, plans.
                                                                                                              contribution if that rate cannot be readily
                                 ditentukan, maka menggunakan suku bunga                                      determined, using incremental borrowing rate.
                                 pinjaman
                                 Program iuraninkremental.
                                                   pasti     Pada umumnya, Grup                               Generally,   the Group
                                                                                                              Defined contribution    plan uses its incremental
                                 menggunakan           suku       bunga        pinjaman                       borrowing rate as the discount rate.
                                 inkremental
                                 Program pensiunsebagaiuran
                                                         tingkat  bunga
                                                               pasti       diskonto.
                                                                       adalah     sebuah                      A defined pension contribution plan is a pension
                                 program pensiun dimana Grup akan membayar                                    plan under which the Group pays fixed
                                 Untuk
                                 iuran tetapmenentukan
                                                    kepada sukusebuah  bunga      pinjaman
                                                                            entitas    yang                   To    determineinto
                                                                                                              contributions      the aincremental     borrowing
                                                                                                                                        separate entity            rate,
                                                                                                                                                           (a pension
                                 tambahan,
                                 terpisah (dana Grup: pensiun) dan tidak memiliki                             the
                                                                                                              fund) Group:
                                                                                                                       and will have no legal or constructive
                                 -kewajiban
                                      Jika       memungkinkan,              menggunakan
                                                 hukum atau konstruktif untuk                                 -obligations
                                                                                                                   Where possible,        uses contributions
                                                                                                                             to pay further       recent third-party
                                                                                                                                                                 if the
                                      pembiayaan
                                  membayar             pihak
                                                kontribusi   lebihketiga
                                                                     lanjut terkini    yang
                                                                            apabila dana                       fundfinancing
                                                                                                                      does notreceived    by the assets
                                                                                                                                  hold sufficient   individual lessee
                                                                                                                                                            to pay   all
                                      diterima
                                  pensiun        oleh penyewa
                                              tersebut              individu sebagai
                                                          tidak memiliki        aset yangtitik                     as a starting
                                                                                                               employees               point, relating
                                                                                                                             the benefits       adjustedto to   reflect
                                                                                                                                                            employee
                                      awal, disesuaikan
                                  memadai       untuk membayar  untukseluruh
                                                                           mencerminkan
                                                                                   imbalan                         changes
                                                                                                               service  in theincurrent
                                                                                                                                  financing   conditions
                                                                                                                                         and prior  years. since third
                                      perubahanyang
                                  karyawan            kondisi       pembiayaan dengan
                                                              berhubungan              sejak                       party financing was received,
                                      pembiayaan
                                  pelayanan     yang pihak   ketigaoleh
                                                      diberikan       diterima,
                                                                          karyawan pada
                                   - Menggunakan
                                  tahun                  pendekatan build-up yang
                                          kini dan sebelumnya.                                                -  Uses a build-up approach that starts with a
                                      dimulai dengan suku bunga bebas risiko                                     risk-free interest rate adjusted for credit risk
                                      yang disesuaikan
                                  Program    imbalan pastidengan risiko kredit untuk                             for leases
                                                                                                              Defined  benefitheld
                                                                                                                               plan by Group, which does not
                                      sewa yang dimiliki oleh Grup, yang tidak                                   have recent third-party financing, and
                                      memiliki
                                  Program        pembiayaan
                                              pensiun  imbalanpihakpasti ketiga
                                                                          adalahbaru-baru
                                                                                   program                     A defined pension benefit plan is a pension plan
                                      ini, danyang menentukan jumlah imbalan
                                  pensiun                                                                      that defines an amount of pension benefit to be
                                  -pensiun
                                      Membuat     penyesuaian       spesifik
                                               yang akan diberikan, biasanya  untuk   sewa,                   -provided,
                                                                                                                   Makes usually
                                                                                                                            adjustments   specificoftoone
                                                                                                                                  as a function         theor lease,
                                                                                                                                                               more
                                      sebagai contoh
                                  berdasarkan            jangka
                                                  pada satu        waktu,
                                                               faktor   ataunegara,    mata
                                                                              lebih seperti                        e.g., term,
                                                                                                               factors,   such country,
                                                                                                                                as age,    years and
                                                                                                                                        currency   of security.
                                                                                                                                                       service or
                                      uang
                                  usia, masa dan  keamanan.
                                                kerja atau kompensasi.                                        compensation.
                                 Grup   akanprogram
                                 Kewajiban       menilaipensiun
                                                          modifikasi     sewa
                                                                   imbalan   pastidicatat
                                                                                    yang                      The   Group will
                                                                                                              The liability          assess inwhether
                                                                                                                               recognised                   the lease
                                                                                                                                                   the consolidated
                                 sebagai   sewa terpisah
                                 diakui di laporan             atau tidak.
                                                     posisi keuangan         Modifikasi
                                                                         konsolidasian                        modification
                                                                                                              statement ofis financial
                                                                                                                                 accounted    as a separate
                                                                                                                                           position    in respectlease
                                                                                                                                                                     of
                                 adalahyang
                                 sewa    nilaitidak  dicatat sebagai
                                                kini kewajiban          sewa
                                                                  imbalan      terpisah,
                                                                            pasti   pada                      or  not. For
                                                                                                              defined         a lease
                                                                                                                        benefit          modification
                                                                                                                                   pension   plans is the       is not
                                                                                                                                                          that present
                                 Grup
                                 tanggalmenilai
                                          laporankembali     liabilitas sewa
                                                    posisi keuangan             dengan
                                                                         dikurangi   nilai                    accounted    as    a   separate    lease,    the
                                                                                                              value of the defined benefit obligation at the    Group
                                 mendiskontokan            pembayaran
                                 wajar aset program. Kewajiban imbalan pasti       sewa                       statement of the
                                                                                                              remeasured          lease position
                                                                                                                            financial   liability by  discounting
                                                                                                                                                   date,  less the the
                                                                                                                                                                   fair
                                 menggunakan      tingkat diskonto    yang  direvisi.
                                 dihitung setiap tahun oleh aktuaris independen                               revised
                                                                                                              value of lease       paymentsTheusing
                                                                                                                          plan assets.                     a revised
                                                                                                                                                     defined    benefit
                                  dengan menggunakan metode Projected Unit                                    obligationrate.
                                                                                                              discount   is calculated annually by independent
                                  Credit. Nilai kini kewajiban imbalan pasti                                   actuaries       using        the    projected-unit-credit
                                  Pembayaran
                                  ditentukan dengan   sewa mendiskontokan
                                                                 yang termasuk estimasi  dalam                 Lease
                                                                                                               method.payments
                                                                                                                           The present included   in the
                                                                                                                                                value   of measurement
                                                                                                                                                             the defined
                                  pengukuran
                                  arus kas keluar  liabilitasdisewa    meliputi
                                                                    masa          pembayaran
                                                                              depan    dengan                  of the lease
                                                                                                               benefit        liabilityiscomprises
                                                                                                                        obligation         determined thebyfollowing:
                                                                                                                                                              discounting
                                  berikut  ini:
                                  menggunakan               tingkat        bunga       obligasi                the estimated future cash outflows using the
                                  -pemerintah
                                      pembayaran  (dengan tetapertimbangan
                                                                   (termasuk saatpembayaran
                                                                                      ini tidak               -interest
                                                                                                                   fixed rates
                                                                                                                          payments       (including  in-substance
                                                                                                                                 of government bonds (considering     fixed
                                      tetap secara
                                   terdapat    pasar aktif substansi),
                                                                  untuk dikurangi      piutang
                                                                            obligasi korporat                  thatpayments),
                                                                                                                     currently there  lessis noany
                                                                                                                                                 deeplease
                                                                                                                                                        marketincentives
                                                                                                                                                                  for high-
                                      insentif sewa,
                                   berkualitas   tinggi) dalam mata uang yang sama                                 receivable,
                                                                                                               quality  corporate bonds) that are denominated
                                      pembayaran
                                 -dengan       mata sewa   uangvariabel
                                                                     imbalan yangyang
                                                                                   didasarkan
                                                                                           akan               -in the
                                                                                                                   variable  lease
                                                                                                                       currency     in payment
                                                                                                                                        which thethat                    an
                                                                                                                                                              will beonpaid
                                                                                                                                                       are based
                                                                                                                                                    benefit
                                      pada indeks
                                   dibayarkan     dan waktuatau jatuh
                                                                   tingkat,    pada awalnya
                                                                           temponya     kurang                 andindex    or a rate,
                                                                                                                     that have     termsinitially  measured
                                                                                                                                             to maturity         using the
                                                                                                                                                          approximating
                                      diukur
                                   lebih        menggunakan
                                             sama          dengan      indeks    atau
                                                                          kewajiban     tingkat
                                                                                           yang                the index
                                                                                                                    termsorofrate    as at the
                                                                                                                               the related       commencement
                                                                                                                                               pension  liability. date,
                                      pada tanggal mulai,
                                   bersangkutan.
                                 - jumlah yang diperkirakan akan dibayarkan                                   -   amounts expected to be payable by the
                                      olehjasa
                                   Biaya      penyewa
                                                  kini dariberdasarkan
                                                                program pensiun jaminan     nilai
                                                                                      imbalan                  Thelessee  under
                                                                                                                    current       residual
                                                                                                                             service   cost value
                                                                                                                                             of theguarantees,
                                                                                                                                                     defined benefit
                                      residu,
                                   pasti diakui pada beban imbalan kerja dalam                                 plan is recognised in the consolidated
                                 -laporan
                                      harga pelaksanaan
                                                laba        rugi dari    opsi pembelianyang
                                                                      konsolidasian          jika             -statement
                                                                                                                  the exercise   price
                                                                                                                           of profit orofloss
                                                                                                                                           a purchase   optionbenefit
                                                                                                                                               in employee      if the
                                      penyewa cukup
                                   mencerminkan                yakin untuk
                                                       peningkatan              menggunakan
                                                                          kewajiban   imbalan                     lessee is
                                                                                                               expense,      reasonably
                                                                                                                           which   reflectscertain  to exercise
                                                                                                                                              the increase    in that
                                                                                                                                                                   the
                                      opsi
                                   pasti    tersebut,
                                         yang   dihasilkandan dari jasa karyawan dalam                            option,obligations
                                                                                                               defined     and          resulting from employee
                                      pembayaran
                                 -tahun   berjalan.         penalti untuk penghentian                         -service
                                                                                                                  payments     of  penalties
                                                                                                                       in the current year.     for terminating    the
                                      sewa, jika masa sewa mencerminkan                                           lease, if the lease term reflects the lessee
                                      penyewa           yang         melaksanakan           opsi                  exercising that termination option.
                                      penghentian tersebut.




                                                                                                                                                                              507
                                                                                                                                            PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                                                     Facility AeroAsia Tbk
Page 508
                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES
                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                        DAN ENTITAS ANAK/AND
                                                              Lampiran           SUBSIDIARIES
                                                                       - 5/23 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN Lampiran - 5/19 - Schedule            NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
                CATATAN   ATAS2024
                31 DESEMBER      LAPORAN
                                    DAN 2023KEUANGAN                                NOTES   TO THE CONSOLIDATED
                                                                                      31 DECEMBER      2024 AND 2023
                KONSOLIDASIAN
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      FINANCIAL
                                                                     (Expressed in US Dollars,          STATEMENTS
                                                                                               unless otherwise stated)
                31 DESEMBER 2024 DAN 2023                                             31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain) (Expressed in US Dollars, unless otherwise stated)
                2.   INFORMASI         KEBIJAKAN                    AKUNTANSI           2.   MATERIAL         ACCOUNTING                             POLICY
                     MATERIAL (lanjutan)                                                     INFORMATION (continued)
                2.   INFORMASI         KEBIJAKAN                    AKUNTANSI           2.   MATERIAL         ACCOUNTING                             POLICY
                     r. Imbalan(lanjutan)
                     MATERIAL    kerja (lanjutan)                                            INFORMATION  (continued)
                                                                                             r. Employee benefits (continued)
                     p.   Imbalandan
                          Provisi    kontinjensi
                                  pascakerja     (lanjutan)
                                             (lanjutan)                                      p.   Provision and contingency
                                                                                                  Post-employment            (continued)
                                                                                                                   benefits (continued)
                          Provisi
                          Programdiukur
                                    imbalan  sebesar    nilai kini dari estimasi
                                                pasti (lanjutan)                                  Provisions    are measured
                                                                                                  Defined benefit               at the present value of
                                                                                                                     plan (continued)
                          terbaik manajemen atas pengeluaran yang                                 management’s best estimate of the expenditure
                          Pengukuran diperlukan
                          diharapkan     kembali imbalan untuk pascakerja
                                                                  menyelesaikan
                                                                            yang                  required    to settle of
                                                                                                  Remeasurement         thepost-employment
                                                                                                                             present obligationbenefits
                                                                                                                                                   at the
                          terdiri dari kini
                          kewajiban           pada akhir
                                       keuntungan       danperiode
                                                              kerugianpelaporan.
                                                                        aktuarial                 end   of the
                                                                                                  consists        actuarial period.
                                                                                                              of reporting  gains and      discount
                                                                                                                                     The losses      rate
                                                                                                                                                  arising
                          Tingkat
                          yang timbuldiskonto      yang digunakan
                                        dari penyesuaian        pengalamanuntuk
                                                                             dan                  used
                                                                                                  from to   determineadjustments
                                                                                                         experience      the present value    is a pretax
                                                                                                                                      and changes       in
                          menentukan
                          perubahan dalam nilai kiniasumsi-asumsi
                                                       adalah tingkat aktuarial
                                                                        diskonto                  rate  that reflects
                                                                                                  actuarial            current
                                                                                                              assumptions      market
                                                                                                                             are        assessments
                                                                                                                                 directly recognised of in
                          sebelum    pajak    yang    mencerminkan     penilaian
                          langsung diakui seluruhnya melalui penghasilan                          the time   value  of money   and  the risks
                                                                                                  other comprehensive income and reported in   specific to
                          pasar   atas nilai
                          komprehensif          waktudan
                                            lainnya      uang   dan risiko
                                                            dilaporkan      yang
                                                                        di saldo                  the liability.
                                                                                                  retained       The increase in the provision due to
                                                                                                             earnings.
                          terkait
                          laba. dengan kewajiban. Peningkatan provisi                             the passage of time is recognised as interest
                          karena berjalannya waktu diakui sebagai beban                           expense.
                          bunga.
                          Keuntungan dan kerugian dari kurtailmen atau                            Gains or losses on the curtailment or settlement
                          penyelesaian program manfaat pasti diakui di                            of a defined benefit plan are recognised in the
                          laporan kontinjensi
                          Liabilitas  laba rugitidakonsolidasian
                                                        diakui pada laporan
                                                                          ketika                  Contingent
                                                                                                  consolidatedliabilities
                                                                                                                 statement are ofnotprofit
                                                                                                                                      recognised
                                                                                                                                           or loss in  the
                                                                                                                                                     when
                          keuangan
                          kurtailmen konsolidasian.
                                       atau penyelesaianLiabilitas
                                                           tersebutkontinjensi
                                                                      terjadi.                    consolidated
                                                                                                  the curtailmentfinancial     statements.
                                                                                                                   or settlement     occurs. They are
                          diungkapkan di catatan atas laporan keuangan                            disclosed in the notes to consolidated financial
                          konsolidasian
                          Biaya jasa lalu  kecuali kemungkinan
                                               diakui                keluarnya
                                                       secara langsung         di                 Past serviceunless
                                                                                                  statements     costs the
                                                                                                                         are possibility
                                                                                                                              recognisedofimmediately
                                                                                                                                               an outflow
                          sumber     daya
                          laporan laba   rugi yang   mewujudkan manfaat
                                              dan konsolidasian.                                  of  resources
                                                                                                  in the          embodying
                                                                                                         consolidated            economic
                                                                                                                         statement    of profitbenefits
                                                                                                                                                or loss. is
                          ekonomi sangat kecil. Aset kontinjensi tidak                            remote. Contingent assets are not recognised in
                          diakui     di jangka
                          Imbalan kerja     dalampanjang
                                                       laporan
                                                           lain      keuangan                     the
                                                                                                  Otherconsolidated    financial statements but are
                                                                                                         long-term benefits
                          konsolidasian, namun diungkapkan di dalam                               disclosed in the notes to the consolidated
                          catatan   atas imbalan
                          Perhitungan     laporan keuangan
                                                    kerja jangkakonsolidasian
                                                                        panjang                   Long-term statements
                                                                                                  financial    benefits are when         an inflow
                                                                                                                                determined      using theof
                          jika terdapat dengan
                          ditentukan      kemungkinan     suatu arus metode
                                                   menggunakan           masuk                    Projected benefits
                                                                                                  economic              is probable.
                                                                                                              Unit Credit    Method. The long term
                          Projectedekonomis
                          manfaat              mengalir
                                       Unit Credit.      ke dalam
                                                      Imbalan     inientitas.
                                                                        dihitung                  employee benefits liabilities are accounted for
                          dengan menggunakan metodologi yang sama                                 using the same methodology as for the defined
                     q.   Sewa
                          dengan metodologi yang digunakan dalam                             q.   Leases
                                                                                                  benefit       pension       plan,     except    for
                          perhitungan program pensiun imbalan pasti,                              remeasurements which are recognised in the
                          kecualitanggal
                          Pada             awal dimulainya
                                   untuk pengukuran           suatu
                                                        kembali  yangkontrak,
                                                                       diakui                     On  the   initial  date  of a  contract,
                                                                                                  consolidated statement of profit or loss.the Group
                          Grup   menilai
                          pada pada       apakah
                                       laporan labakontrak  merupakan atau
                                                    rugi konsolidasian.                           assesses whether the contract is or contains a
                          mengandung sewa. Suatu kontrak mengandung                               lease. A contract contains a lease if the contract
                          sewa   apabila
                          Pesangon        kontrak tersebut
                                      pemutusan             memberikan hak
                                                   kontrak kerja                                  transfers
                                                                                                  Termination thebenefits
                                                                                                                    right to control the use of an
                          untuk     mengendalikan       penggunaan       aset                     identified asset for a period of time to be
                          identifikasian
                          Grup mengakui   selama
                                             bebansuatu  jangkaketika
                                                    pesangon     waktu terjadi
                                                                        untuk                     The Groupforrecognises
                                                                                                  exchanged         compensation.termination benefits
                          dipertukarkan   dengankerja
                          pemutusan kontrak       imbalan.
                                                        oleh Grup sebelum                         when employment is terminated by the Group
                          tanggal pensiun normal, atau ketika pekerja                             before the normal retirement date, or whenever
                          Aset
                          menerimayangpenawaran
                                          diperolehuntuk
                                                      melalui      sewa diakui
                                                           mengundurkan          diri             Assets
                                                                                                  an employeeobtained    through
                                                                                                                     accepts       lease are
                                                                                                                                voluntary         recognised
                                                                                                                                             redundancy        in
                          sebagai    aset hak sebagai
                          secara sukarela        guna danpertukaran
                                                                liabilitas sewa.
                                                                               atas               as  right of use
                                                                                                  exchange        for ofthese
                                                                                                                          asset and    lease liabilities.
                                                                                                                                 benefits.       The Group   On
                          Pada
                          imbalantanggal  permulaan,
                                      tersebut.    Gruplessee    mengukur
                                                           mengakui            aset
                                                                             beban                the  initial date,
                                                                                                  recognises     termination    benefits atright
                                                                                                                      lessee measures           the of  use of
                                                                                                                                                     earlier   of
                          hak  guna pada
                          pesangon      padabiaya   perolehan
                                                tanggal    yang yang lebihmeliputi
                                                                               awal               asset      at cost
                                                                                                  the following     dates:which
                                                                                                                            (a) when include
                                                                                                                                         the Group the caninitial
                                                                                                                                                              no
                          jumlah
                          diantara: pengukuran
                                      (a) ketika Grupawal tidak
                                                              liabilitas
                                                                      dapatsewa,lagi              measurement           of    lease      liabilities,
                                                                                                  longer withdraw the offer of those benefits; and       lease
                          pembayaran
                          menarik tawaran sewa atas
                                                 yangimbalan
                                                        dilakukan      pada atau
                                                                   tersebut;     (b)              (b) when themade
                                                                                                  payments            Group on         or
                                                                                                                                recognises     before
                                                                                                                                                 costs forthe   a
                          sebelum
                          ketika     tanggal
                                     Grup permulaan
                                                mengakui dikurangi
                                                                 biaya dengan untuk               commencement
                                                                                                  restructuring that datesis withinless     the incentives
                                                                                                                                      the scope      of PSAK
                          insentif  yang diterima,
                          restrukturisasi             biaya langsung
                                             yang berada          dalam ruang  awal               received,    the initial direct
                                                                                                  237, “Provisions,                 costs incurred
                                                                                                                             contingent      liabilitiesby and
                                                                                                                                                            the
                          yang
                          lingkupdikeluarkan
                                      PSAK oleh  237, lessee,
                                                          ”Provisi,dan estimasi
                                                                          liabilitas              lessee,
                                                                                                  contingent and estimated
                                                                                                                  assets” and  cost which
                                                                                                                                     to be incurred
                                                                                                                                               involvesby thethe
                          biaya  yang akan
                          kontinjensi,     dandikeluarkan
                                                   aset     oleh lessee dalam
                                                            kontinjensi”        dan               lessee
                                                                                                  payment   in dismantling
                                                                                                               of termination andbenefits.
                                                                                                                                   moving In  thetheunderlying
                                                                                                                                                       case of
                          membongkar      dan memindahkan
                          melibatkan pembayaran       pesangon.   asetDalam
                                                                        pendasar hal              assets    and  restoration   costs.
                                                                                                  an offer being made to encourage voluntary
                          serta biaya  restorasi.
                          terjadi penawaran pengunduran diri secara                               redundancy, the termination benefits are
                          sukarela, imbalan diukur berdasarkan jumlah                             measured based on the number of employees
                          Aset
                          karyawanhakyangguna     kemudian
                                          diharapkan     menerimadisusutkan
                                                                     tawaran                      The    rightto ofaccept
                                                                                                  expected            use the
                                                                                                                            asset
                                                                                                                                offer.is Benefits
                                                                                                                                          subsequently
                                                                                                                                                   falling
                          menggunakan    metode
                          tersebut. Imbalan yanggaris
                                                    jatuhlurus
                                                           tempodari  tanggal
                                                                  lebih   dari                    depreciated
                                                                                                  due more than using12 the straight-line
                                                                                                                         months   after themethod
                                                                                                                                             end offromthe
                          permulaan
                          12    bulan hingga  tanggal
                                         setelah          yang lebih
                                                      periode            awal
                                                                  pelaporan                       the commencement
                                                                                                  reporting                date to thetoearlier
                                                                                                             period are discounted                of the
                                                                                                                                           their present
                          antara akhir umur
                          didiskontokan     manfaat
                                        menjadi         aset hak guna atau
                                                 nilai kininya.                                   end  of the useful life of the right of use asset or
                                                                                                  value.
                          akhir masa sewa.                                                        the end of the lease term.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
508 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                                   Integrated Report 2024
Page 509
                                                                                                                                                         Laporan Keuangan
                                                                                                                                                           Financial Report




                                                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                DAN ENTITAS ANAK/AND SUBSIDIARIES
                                                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                DAN ENTITAS ANAK/AND
                                                                      Lampiran           SUBSIDIARIES
                                                                               - 5/24 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN Lampiran - 5/20 - Schedule            NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
                    CATATAN   ATAS2024
                    31 DESEMBER      LAPORAN
                                        DAN 2023KEUANGAN                                NOTES   TO THE CONSOLIDATED
                                                                                          31 DECEMBER      2024 AND 2023
                    KONSOLIDASIAN
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      FINANCIAL
                                                                         (Expressed in US Dollars,          STATEMENTS
                                                                                                   unless otherwise stated)
                    31 DESEMBER 2024 DAN 2023                                             31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain) (Expressed in US Dollars, unless otherwise stated)
                    2.      INFORMASI         KEBIJAKAN                       AKUNTANSI            2.   MATERIAL        ACCOUNTING                             POLICY
                            MATERIAL (lanjutan)                                                         INFORMATION (continued)
                    2.      INFORMASI         KEBIJAKAN                       AKUNTANSI            2.   MATERIAL        ACCOUNTING                             POLICY
                            MATERIAL  (lanjutan)
                            s. Perpajakan                                                               INFORMATION
                                                                                                        s. Taxation (continued)
                            q.   Beban(lanjutan)
                                 Sewa       pajak terdiri dari pajak kini dan pajak                     q.   Leases
                                                                                                             The tax(continued)
                                                                                                                          expense comprises current and
                                 tangguhan. Pajak diakui dalam laporan laba                                  deferred tax. Tax is recognised in the
                                 Liabilitas     sewa diukur
                                 rugi konsolidasian,                pada
                                                         kecuali jika   pajaknilai     kini
                                                                                 tersebut                    consolidatedliability
                                                                                                             The  lease              is initially
                                                                                                                             statement             measured
                                                                                                                                            of profit            at the
                                                                                                                                                      or loss, except
                                 pembayaran
                                 terkait dengan   sewa   yang belum
                                                     transaksi            dibayar pada
                                                                  atau kejadian       yang                   present   valuethat
                                                                                                             to the extent     of the    lease topayments
                                                                                                                                   it relates                 that are
                                                                                                                                                   items recognised
                                 tanggal
                                 diakui di permulaan,         didiskontokan lain
                                              pendapatan komprehensif             dengan
                                                                                      atau                   not   paidcomprehensive
                                                                                                             in other       at the commencement
                                                                                                                                              income or directly  date,
                                                                                                                                                                      in
                                 menggunakan
                                 langsung diakuisuku      bunga implisit
                                                    ke ekuitas.            dalam
                                                                   Dalam hal         sewa
                                                                                ini, pajak                   discounted   using
                                                                                                             equity. In this case,thetheinterest  rate recognised
                                                                                                                                           tax is also  implicit in the
                                                                                                                                                                      in
                                 atau
                                 tersebutjika suku     bunga tersebut
                                                masing-masing               tidak dalam
                                                                       diakui        dapat                   lease   or, if that rate
                                                                                                             other comprehensive                cannot
                                                                                                                                            income    or be     readily
                                                                                                                                                           directly   in
                                 ditentukan,     maka menggunakan
                                 pendapatan komprehensif         lain atau suku
                                                                            ekuitas.bunga                    determined,    using incremental borrowing rate.
                                                                                                             equity, respectively.
                                 pinjaman inkremental. Pada umumnya, Grup                                    Generally, the Group uses its incremental
                                 menggunakan
                                 Pajak                  suku tangguhan
                                              penghasilan          bunga        pinjaman
                                                                                    diakui                   borrowing   rate as the
                                                                                                             Deferred income       tax discount    rate.in full, using
                                                                                                                                         is provided
                                 sepenuhnya,sebagai
                                 inkremental       dengan tingkat  bunga diskonto.
                                                              menggunakan         metode                     the liability method, on temporary differences
                                 liabilitas untuk semua perbedaan temporer                                   which arise from the difference between the tax
                                 Untuk      menentukan
                                 yang berasal          dari suku
                                                               selisihbungaantarapinjaman
                                                                                       dasar                 To
                                                                                                             bases determine
                                                                                                                      of assetsthe
                                                                                                                                 andincremental
                                                                                                                                      liabilities andborrowing      rate,
                                                                                                                                                         their carrying
                                 tambahan,
                                 pengenaanGrup: pajak aset dan liabilitas dengan nilai                       the   Group: in
                                                                                                             amounts             the      consolidated         financial
                                 -tercatatnya
                                      Jika       memungkinkan,
                                                     pada        laporan    menggunakan
                                                                                   keuangan                  -statements.
                                                                                                                  Where possible,        uses recent
                                                                                                                            However, deferred               third-party
                                                                                                                                                    tax liabilities  are
                                      pembiayaan pihak
                                  konsolidasian.        Namun,ketiga         terkini pajak
                                                                       liabilitas        yang                 not financing  received
                                                                                                                    recognised   if theyby arise
                                                                                                                                              the individual
                                                                                                                                                     from the lessee
                                                                                                                                                                   initial
                                      diterima oleh
                                  penghasilan          penyewa
                                                 tangguhan            diakui sebagai
                                                                   individu
                                                               tidak                       titik
                                                                                jika berasal                      as a starting
                                                                                                              recognition            point,
                                                                                                                           of goodwill.        adjusted
                                                                                                                                           Deferred         to reflect
                                                                                                                                                        income    tax is
                                  dariawal,    disesuaikanawal
                                           pengakuan             untukgoodwill.
                                                                           mencerminkanPajak                  alsochanges   in financing
                                                                                                                     not accounted    for ifconditions     since initial
                                                                                                                                               it arises from       third
                                      perubahan kondisi
                                  penghasilan          tangguhanpembiayaan juga         sejak
                                                                                         tidak                    party financing
                                                                                                              recognition    of an wasasset
                                                                                                                                         received,or liability in a
                                      pembiayaan pihak
                                  diperhitungkan         jikaketiga  diterima,
                                                                  pajak        penghasilan                    transaction other than a business combination
                                  -tangguhan
                                      Menggunakan         pendekatan       build-up
                                               tersebut timbul dari pengakuan awal       yang                -thatUses
                                                                                                                    at thea time
                                                                                                                             build-up
                                                                                                                                  of theapproach    thataffects
                                                                                                                                          transaction     starts neither
                                                                                                                                                                  with a
                                          atau dengan
                                  asetdimulai   pengakuan   sukuawal
                                                                   bunga      bebas dalam
                                                                         liabilitas     risiko                    risk-free nor
                                                                                                              accounting      interest
                                                                                                                                   taxable   adjusted
                                                                                                                                        rateprofit       for credit
                                                                                                                                                   or loss.          risk
                                                                                                                                                              Deferred
                                  transaksi yang bukandengan
                                      yang   disesuaikan              risiko bisnis
                                                               kombinasi       kredit untuk
                                                                                        yang                      for leases
                                                                                                              income             held by Group,
                                                                                                                        tax is determined     using which     does
                                                                                                                                                      tax rates      not
                                                                                                                                                                  based
                                  padasewa    yangtransaksi
                                           saat      dimiliki oleh
                                                                 tidakGrup,      yang tidak
                                                                           mempengaruhi                           have that
                                                                                                              on laws    recent   third-party
                                                                                                                               have            financing,
                                                                                                                                     been enacted          and
                                                                                                                                                       or substantially
                                      memilikiakuntansi
                                  laba/rugi     pembiayaan       pihak ketiga
                                                              maupun        pajak. baru-baru
                                                                                       Pajak                  enacted by the reporting date and are expected
                                      ini, dan
                                  penghasilan      tangguhan ditentukan dengan                                to apply when the related deferred tax asset is
                                  -menggunakan
                                      Membuat penyesuaian          spesifik    untuk
                                                    tarif pajak berdasarkan undang-    sewa,                 -recognised
                                                                                                                  Makes adjustments      specific
                                                                                                                           or the deferred         to the
                                                                                                                                           tax liability     lease,
                                                                                                                                                         is settled.
                                      sebagai
                                  undang        contoh
                                             yang   telahjangka    waktu, negara,
                                                            diberlakukan                mata
                                                                              atau secara                         e.g., term, country, currency and security.
                                      uang   dan  keamanan.
                                  substansi telah diberlakukan pada akhir periode
                                 laporan dan diharapkan berlaku pada saat aset
                                 Grup
                                 pajak akan    menilai
                                        tangguhan        modifikasi atau
                                                     direalisasikan    sewa liabilitas
                                                                               dicatat                       The Group will assess whether the lease
                                 sebagai  sewa terpisah
                                 pajak tangguhan             atau tidak. Modifikasi
                                                   diselesaikan.                                             modification is accounted as a separate lease
                                 sewa yang tidak dicatat sebagai sewa terpisah,                              or not. For a lease modification that is not
                                 Grup   menilai
                                 Aset pajak     kembali tangguhan
                                            penghasilan    liabilitas sewa
                                                                        diakuidengan
                                                                               hanya                         accounted
                                                                                                             Deferred taxasassets
                                                                                                                               a separate       lease, the
                                                                                                                                     are recognised      only Group
                                                                                                                                                              to the
                                 mendiskontokan
                                 jika besar kemungkinan   pembayaran            sewa
                                                               jumlah penghasilan                            remeasured
                                                                                                             extent that the
                                                                                                                           it islease liabilitythat
                                                                                                                                  probable       by discounting  the
                                                                                                                                                     future taxable
                                 menggunakan    tingkat  diskonto   yang direvisi.
                                 kena pajak dimasa depan akan memadai untuk                                  revised   lease     payments       using
                                                                                                             profit will be available against which the  a   revised
                                   dikompensasi dengan perbedaan temporer                                    discount
                                                                                                             temporaryrate.
                                                                                                                         differences can be utilised.
                                  yang masih dapat dimanfaatkan.
                                  Pembayaran sewa yang termasuk dalam                                        Lease payments included in the measurement
                            t.    pengukuran
                                  Laba per saham  liabilitas sewa meliputi pembayaran                   t.   of the lease
                                                                                                             Earnings     liability
                                                                                                                        per  sharecomprises the following:
                                  berikut ini:
                                      pembayaran
                                  -Laba    per saham     tetapdasar
                                                                (termasuk    pembayaran
                                                                       dihitung    dengan                    -Basic
                                                                                                                  fixedearnings
                                                                                                                        payments    (including
                                                                                                                                  per  share are     computedfixed
                                                                                                                                                in-substance     by
                                      tetap secara
                                   membagi                substansi),
                                                laba bersih            dikurangi
                                                              yang dapat           piutang
                                                                             diatribusikan                        payments),
                                                                                                              dividing           less attributable
                                                                                                                        net earnings     any leaseto owners
                                                                                                                                                         incentives
                                                                                                                                                                 of
                                      insentif
                                   kepada        sewa, entitas induk dengan jumlah
                                             pemilik                                                          the receivable,
                                                                                                                   Group by the weighted average number of
                                      pembayaran
                                 -rata-rata            sewasaham
                                              tertimbang      variabel  yang
                                                                     yang      didasarkan
                                                                            beredar  pada                    -outstanding
                                                                                                                  variable lease
                                                                                                                            sharespayment         are based on an
                                                                                                                                             thatperiod.
                                                                                                                                    during the
                                      padatersebut.
                                   periode     indeks atau tingkat, pada awalnya                                  index or a rate, initially measured using the
                                      diukur menggunakan indeks atau tingkat                                      index or rate as at the commencement date,
                                      pada
                                   Laba      tanggal
                                         bersih         mulai, dilusian dihitung dengan
                                                  per saham                                                   Diluted earnings per share are computed by
                                      jumlah yang jumlah
                                 -menyesuaikan           diperkirakan   akan dibayarkan
                                                                   rata-rata   tertimbang                    -adjusting
                                                                                                                 amountstheexpected
                                                                                                                             weightedto average
                                                                                                                                          be payable  by the
                                                                                                                                                  number   of
                                      olehbiasa
                                   saham      penyewa       berdasarkan
                                                    yang beredar    denganjaminan
                                                                             dampak nilai
                                                                                       dari                      lessee under
                                                                                                              ordinary   sharesresidual value uarantees,
                                                                                                                                   outstanding  to assume
                                      residu,
                                   semua   efek berpotensi saham biasa yang dilutif                           conversion of all dilutive potential ordinary
                                 -yangharga    pelaksanaan
                                         diterbitkan           dari opsi pembelian jika
                                                       oleh Perusahaan.                                      -shares
                                                                                                                 the exercise
                                                                                                                     issued byprice of a purchase option if the
                                                                                                                                the Company.
                                      penyewa cukup yakin untuk menggunakan                                      lessee is reasonably certain to exercise that
                                      opsi tersebut, dan                                                         option, and
                                 - pembayaran penalti untuk penghentian                                      - payments of penalties for terminating the
                                      sewa, jika masa sewa mencerminkan                                          lease, if the lease term reflects the lessee
                                      penyewa          yang       melaksanakan        opsi                       exercising that termination option.
                                      penghentian tersebut.




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                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                             Lampiran - 5/25 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)               (Expressed in US Dollars, unless otherwise stated)


                2.   INFORMASI        KEBIJAKAN             AKUNTANSI        2.   MATERIAL        ACCOUNTING                     POLICY
                     MATERIAL (lanjutan)                                          INFORMATION (continued)

                     u.   Segmen pelaporan                                        u.   Segment reporting

                          Grup     melakukan      segmentasi    pelaporan              The Group segments its financial reporting
                          berdasarkan       informasi   keuangan     yang              based on the financial information used by the
                          digunakan oleh pengambil keputusan operasi                   chief operating decision-maker in evaluating the
                          utama dalam mengevaluasi kinerja segmen dan                  performance of segments and in the allocation
                          menentukan alokasi sumber daya yang                          of resources. The Board of Directors is the
                          dimilikinya. Direksi adalah pengambil keputusan              Group's chief operating decision-maker. The
                          operasional Grup. Segmentasi berdasarkan                     segments are based on the nature of business.
                          sifat usaha. Seluruh transaksi antar segmen                  All transactions between segments have been
                          telah dieliminasi.                                           eliminated.

                          Pendapatan, beban, hasil, aset dan liabilitas                Segment revenue, expenses, results, assets
                          segmen termasuk item-item yang dapat                         and liabilities include items directly attributable
                          diatribusikan langsung kepada suatu segmen                   to a segment, as well as those that can be
                          serta item-item yang dapat dialokasikan dengan               allocated on a reasonable basis to that
                          dasar yang sesuai dengan segmen tersebut.                    segment. They are determined before
                          Segmen ditentukan sebelum saldo dan                          intragroup balances and intragroup transactions
                          transaksi antar Grup dieliminasi sebagai bagian              are eliminated as part of the consolidation
                          dari proses konsolidasi.                                     process.

                     v.   Pengakuan pendapatan dan beban                          v.   Revenue and expenses recognition

                          Pendapatan jasa perbaikan dan overhaul                       Revenue from repair and overhaul and line
                          pesawat, dan jasa pemeliharaan diakui dalam                  maintenance services are recognised over the
                          suatu periode waktu selama jasa tersebut                     time during the period of rendering services.
                          diberikan. Grup menggunakan metode output                    Group selects the output method to measure
                          untuk pengukuran kemajuan jasa untuk                         the progress of the service to determine the
                          menentukan jumlah pendapatan yang harus                      amount of revenue that should be recognised
                          diakui ketika kewajiban pelaksanaan dipenuhi.                as the performance obligation is satisfied.

                          Untuk kontrak harga tetap, pendapatan diakui                 For fixed-price contracts, revenue is recognised
                          berdasarkan servis aktual yang diberikan                     based on the actual service provided to the end
                          hingga akhir periode pelaporan sebagai                       of the reporting period as a proportion of the
                          proporsi dari total servis yang akan diberikan.              total services to be provided. This is determined
                          Ini ditentukan berdasarkan biaya aktual yang                 based on the actual costs relative to the total
                          dihabiskan relatif terhadap total biaya yang                 expected costs.
                          diperkirakan.

                          Estimasi pendapatan, biaya atau tingkat                      Estimates of revenues, costs or extent of
                          perkembangan menuju penyelesaian direvisi                    progress toward completion are revised if
                          jika keadaan berubah. Setiap kenaikan atau                   circumstances change. Any resulting increases
                          penurunan estimasi pendapatan atau biaya                     or decreases in estimated revenues or costs
                          tercermin dalam laporan laba rugi konsolidasian              are reflected in the consolidated statement of
                          pada periode di mana keadaan yang                            profit or loss in the period in which the
                          menyebabkan revisi tersebut diketahui oleh                   circumstances that give rise to the revision
                          manajemen.                                                   become known by management.

                          Pembayaran harga transaksi berbeda untuk                     Payment of the transaction price is different for
                          setiap kontrak. Aset kontrak diakui ketika                   each contract. A contract asset is recognised
                          imbalan yang dibayarkan oleh pelanggan                       when the consideration paid by the customer is
                          kurang dari saldo kewajiban pelaksanaan yang                 less than the balance of performance obligation
                          telah dipenuhi. Liabilitas kontrak diakui ketika             which has been satisfied. A contract liability is
                          imbalan yang dibayarkan oleh pelanggan lebih                 recognised when the consideration paid by the
                          dari saldo kewajiban pelaksanaan yang telah                  customer is more than the balance of
                          dipenuhi.                                                    performance obligation which has been
                                                                                       satisfied.




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                                                                                                                                  Financial Report




                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                 Lampiran - 5/26 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)               (Expressed in US Dollars, unless otherwise stated)


                    2.      INFORMASI        KEBIJAKAN           AKUNTANSI       2.   MATERIAL        ACCOUNTING                     POLICY
                            MATERIAL (lanjutan)                                       INFORMATION (continued)

                            v.   Pengakuan pendapatan dan beban (lanjutan)            v.   Revenue     and       expenses        recognition
                                                                                           (continued)

                                 Jika kontrak menyertakan biaya per jam,                   If the contract includes an hourly fee, revenue is
                                 pendapatan diakui sejumlah yang berhak                    recognised in the amount to which the Group
                                 ditagih oleh Grup. Pelanggan ditagih setiap               has a right to invoice. Customers are invoiced
                                 bulan dan imbalannya dibayarkan saat ditagih.             on a monthly basis and consideration is
                                                                                           receivable when invoiced.

                                 Grup mengakui pendapatan dari penjualan                   The Group recognises revenue from sale of
                                 barang pada suatu titik waktu di saat kendali             goods at point in time when control is
                                 atas barang diserahkan kepada pembeli. Grup               transferred to the customers upon delivery of
                                 mengevaluasi penyerahan kendali melalui bukti             goods. The Group evaluates the transfer of
                                 penerimaan        pelanggan,       penyerahan             control through evidence of the customer’s
                                 kepemilikan, hak atas pembayaran atas produk              receipt and acceptance, transfer of title, the
                                 dan kemampuan pembeli untuk menentukan                    Group’s right to payment for those goods and
                                 penggunaan dari barang setelah diterima.                  the customer’s ability to direct use of those
                                                                                           goods upon receipt.

                                 Grup mengakui pendapatan dari operasi                     The Group recognises revenue from other
                                 lainnya dari entitas anak atas kewajiban                  operations from subsidiaries for a performance
                                 pelaksanaan yang dipenuhi sepanjang waktu                 obligation satisfied overtime only if the Group
                                 hanya jika entitas dapat mengukur kemajuan                can reasonably measure its progress towards
                                 secara wajar terhadap penyelesaian penuh atas             complete satisfaction of the performance
                                 kewajiban pelaksanaan. Dalam beberapa                     obligation. In some cases, the Group may not
                                 kasus, Grup mungkin tidak dapat mengukur                  be able to reasonably measure the outcome of
                                 hasil kewajiban pelaksanaan secara wajar,                 a performance obligation, but the Group
                                 tetapi Grup memperkirakan untuk memulihkan                expects to recover the costs incurred in
                                 biaya yang terjadi dalam memenuhi kewajiban               satisfying the performance obligation. In those
                                 pelaksanaan. Dalam kasus tersebut, Grup                   cases, the Group recognises revenue only to
                                 mengakui pendapatan hanya sejumlah biaya                  the extent of the costs incurred until such time
                                 yang terjadi sampai waktu tertentu di mana                that it can reasonably measure the outcome of
                                 Grup dapat mengukur hasil kewajiban                       the performance obligation.
                                 pelaksanaan secara wajar.




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                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                           Lampiran - 5/27 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                       31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)           (Expressed in US Dollars, unless otherwise stated)


                3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                 3.   CRITICAL ACCOUNTING             ESTIMATES       AND
                     YANG PENTING                                             JUDGEMENTS

                     Estimasi dan pertimbangan terus dievaluasi               Estimates and judgements are continually evaluated
                     berdasarkan pengalaman historis dan faktor-faktor        and are based on historical experience and other
                     lain, termasuk ekspektasi peristiwa masa depan           factors, including expectations of future events that
                     yang diyakini wajar berdasarkan kondisi yang ada.        are believed to be reasonable under the
                                                                              circumstances.

                     Penggunaan asumsi kelangsungan usaha                     The use of going concern assumption

                     Dalam menerapkan kebijakan akuntansi Grup,               In the process of applying the Group’s accounting
                     selain yang melibatkan estimasi, manajemen telah         policies, apart from those involving estimations,
                     menyusun laporan keuangan konsolidasian dengan           management has prepared the consolidated
                     asumsi bahwa Grup akan dapat mempertahankan              financial statements on the assumption that the
                     kelangsungan usaha dalam operasinya di tahun             Group will be able to operate as a going concern in
                     mendatang, yang merupakan pertimbangan penting           the coming year, which is a critical judgement that
                     yang berdampak paling signifikan terhadap jumlah         has the most significant effect on the amounts
                     yang diakui dalam laporan keuangan konsolidasian.        recognised in the consolidated financial statements.
                     Penilaian asumsi kelangsungan usaha melibatkan           The assessment of the going concern assumption
                     pengambilan keputusan oleh manajemen, pada titik         involves making a judgement by the management,
                     waktu tertentu, tentang hasil masa depan dari            at a particular point of time, about the future
                     peristiwa atau kondisi yang secara inheren tidak         outcome of events or conditions which are inherently
                     pasti. Manajemen Grup mempertimbangkan bahwa             uncertain. The Group’s management considers that
                     Grup memiliki kemampuan untuk melanjutkan                the Group has the capability to continue as a going
                     kelangsungan usahanya dan peristiwa atau kondisi         concern and the major events or conditions, which
                     utama, yang dapat menimbulkan risiko bisnis, yang        may give rise to business risks, that individually or
                     secara individual atau kolektif dapat menimbulkan        collectively may cast significant doubt upon the
                     keraguan signifikan atas asumsi kelangsungan             going concern assumption are set out in Note 38 to
                     usaha sebagaimana dijelaskan dalam Catatan 38            the consolidated financial statements.
                     terhadap laporan keuangan konsolidasian.

                     Pengakuan pendapatan                                     Revenue recognition

                     Grup mengakui pendapatan dari pekerjaan dalam            The Group recognises revenue from the project in
                     progres     pengerjaan    berdasarkan     metode         progress based on the percentage of completion
                     persentase penyelesaian. Tahap penyelesaian              method. The stage of completion of a contract is
                     kontrak ditentukan menggunakan metode survei             determined using surveys of the work performed
                     atas pekerjaan yang telah dilaksanakan. Asumsi           method. Critical assumption is required in
                     penting diperlukan dalam menentukan tahapan              determining the stage of completion (percentage of
                     penyelesaian (persentase penyelesaian) dan jumlah        completion) and the amount of estimated income. In
                     estimasi pendapatan. Dalam membuat asumsi,               making assumptions, the Group evaluates them
                     Grup melakukan evaluasi berdasarkan realisasi di         based on past realisation.
                     waktu yang lampau.

                     Grup telah menandatangani beberapa perjanjian            The Group entered into several power-by-hour
                     perawatan mesin power-by-hour (”PBH”) dengan             (”PBH”) engine maintenance agreements with
                     produsen    peralatan    asli   mesin  pesawat.          original equipment manufacturers of aircraft
                     Pembayaran bulanan didasarkan pada jumlah jam            engines. The monthly payments are based on the
                     terbang yang diterbangkan. Proporsi jumlah               number of flying hours flown. The proportion of the
                     pendapatan    yang     akan    diakui ditentukan         revenue amount to be recognised is determined
                     berdasarkan estimasi terbaik dari proporsi biaya         based on the best estimate of the proportion of day-
                     perawatan sehari-hari yang timbul.                       to-day maintenance cost incurred.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
512 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                         Integrated Report 2024
Page 513
                                                                                                                                    Laporan Keuangan
                                                                                                                                      Financial Report




                                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/28 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                     (Expressed in US Dollars, unless otherwise stated)


                    3.      ESTIMASI DAN PERTIMBANGAN AKUNTANSI                     3.   CRITICAL ACCOUNTING               ESTIMATES         AND
                            YANG PENTING (lanjutan)                                      JUDGEMENTS (continued)

                            Penurunan nilai piutang dan kontrak aset                     Impairment losses of receivables and contract
                                                                                         assets

                            Grup menghitung kerugian kredit ekspektasian                 The Group calculated the expected credit loss for all
                            untuk seluruh piutang usaha dan aset kontrak.                trade receivables and contract assets. For those
                            Untuk piutang usaha dan aset kontrak yang secara             which were considered individually significant, the
                            individual dianggap signifikan, Grup menghitung              Group calculated the individual expected credit loss
                            kerugian kredit ekspektasian secara individual               by estimating the expected cash flows to be
                            dengan mengestimasi arus kas ekspektasian yang               obtained from the settlement of the amounts due
                            diperoleh dari pelunasan jumlah piutang usaha dan            from customers' trade receivables and contract
                            aset kontrak dari pelanggan. Untuk piutang usaha             assets. For those which were not considered
                            dan aset kontrak yang secara individual tidak                individually significant, the Group assessed the
                            dianggap signifikan, Grup menghitung kerugian                collective expected credit loss using the risk
                            kredit ekspektasian secara kolektif menggunakan              parameter modelling approach that incorporated key
                            pendekatan      model    parameter     risiko   yang         parameters, including the probability of default, loss
                            menggunakan        beberapa    parameter      utama,         given default, exposure at default and discount rate,
                            termasuk, probability of default, loss given default,        after considering forward looking factors and other
                            exposure at default dan tingkat diskonto, setelah            external information.
                            memperhitungkan faktor masa depan dan informasi
                            eksternal lainnya.

                            Pertimbangan-pertimbangan         signifikan     yang        The significant judgements involved in determining
                            digunakan dalam menentukan kerugian kredit                   the expected credit loss included the following:
                            ekspektasian meliputi:
                            - Model yang dikembangkan secara inheren                     -    The models are inherently complex, and
                               kompleks,     dan    melibatkan      pertimbangan              management’s judgement is applied in
                               manajemen        dalam       menentukan        dan             determining and preparing the individual and
                               mempersiapkan penilaian individual dan kolektif                collective assessments used to calculate the
                               untuk menghitung kerugian kredit ekspektasian.                 expected credit loss;
                            - Mengidentifikasi piutang usaha dan aset kontrak            -    Identification of trade receivables and contract
                               yang     diberikan   yang     telah     mengalami              assets that have experienced a significant
                               peningkatan risiko kredit secara signifikan; dan               increase in credit risk; and
                            - Asumsi-asumsi yang digunakan dalam model                   -    Assumptions used in the expected credit loss
                               kerugian kredit ekspektasian seperti perkiraan                 models such as forward-looking macroeconomic
                               faktor ekonomi makro masa depan dan rencana                    factors and customer payment plans
                               pembayaran dari pelanggan.

                            Jumlah tercatat bruto dari piutang usaha dan aset            Carrying amount of gross trade receivables and
                            kontrak merupakan exposure at default yang                   contract assets is exposure at default that
                            merepresentasikan estimasi eksposur jika terjadi             represents the estimated exposure in case of
                            gagal bayar.                                                 default.

                            Grup menghitung probability of default historis              The Group calculated historical probability of default
                            menggunakan metode roll-rate yang diperoleh dari             using a roll-rate method obtained through movement
                            pergerakan piutang usaha dan aset kontrak Grup.              of the Group’s outstanding trade receivables and
                                                                                         contract assets.

                            Grup menyesuaikan kerugian kredit historis masa              The Group adjusts the historical credit loss
                            lalu dengan informasi forward-looking. Sebagai               experience with forward-looking information. For
                            contoh, jika prakiraan atas kondisi ekonomi                  instance, if economic conditions forecast are
                            diperkirakan memburuk selama periode/tahun                   expected to deteriorate over the next period/year,
                            depan, yang dapat menyebabkan meningkatnya                   which can lead to an increased number of defaults,
                            jumlah gagal bayar, tingkat gagal bayar historis             the historical default rates are adjusted. At each
                            disesuaikan. Pada setiap tanggal pelaporan, tingkat          reporting date, the historical observed default rates
                            gagal bayar historis diperbaharui dan perubahan              are updated and changes in the forward-looking
                            estimasi forward-looking dianalisis.                         estimates are analysed.




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                                                            Lampiran - 5/29 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


                3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                    3.   CRITICAL ACCOUNTING              ESTIMATES       AND
                     YANG PENTING (lanjutan)                                     JUDGEMENTS (continued)

                     Penurunan    nilai   piutang   dan   kontrak   aset         Impairment losses of receivables and contract
                     (lanjutan)                                                  assets (continued)

                     Kerugian Grup jika terjadi gagal bayar adalah loss          The Group losses in case of default is loss given
                     given default dengan parameter yang diestimasi              default with parameters that historically estimated
                     secara historis berdasarkan tingkat pemulihan atas          based on the level of recovery of claims against
                     klaim terhadap pelanggan yang gagal bayar.                  customer’s who default.

                     Pemulihan dari aset pajak tangguhan                         Recoverability of deferred tax assets

                     Grup melakukan penelaahan atas nilai tercatat aset          The Group reviews the carrying amounts of deferred
                     pajak tangguhan pada setiap akhir periode                   tax assets at the end of each reporting period and
                     pelaporan dan mengurangi nilai tersebut jika besar          reduces this amount if it is no longer probable that
                     kemungkinan       aset   tersebut    tidak   dapat          assets will be realised in the future, whereas
                     direalisasikan di masa depan, di mana penghasilan           sufficient taxable income will not be available to
                     kena pajak Grup tidak memungkinkan untuk                    allow all or part of the deferred tax assets to be
                     memanfaatkan seluruh atau sebagian dari aset                utilised. The Group’s assessment on the recognition
                     pajak tangguhan tersebut. Penelaahan Grup atas              of deferred tax assets on deductible temporary
                     pengakuan aset pajak tangguhan untuk perbedaan              differences is based on the amount and timing of
                     temporer yang dapat dikurangkan didasarkan atas             forecasted taxable income of the subsequent
                     jumlah dan jangka waktu proyeksi penghasilan kena           reporting periods.
                     pajak untuk periode pelaporan berikutnya.

                     Namun, tidak terdapat kepastian bahwa Grup dapat            However, there is no assurance that the Group will
                     menghasilkan penghasilan kena pajak yang cukup              generate sufficient taxable income to allow all or part
                     untuk memungkinkan penggunaan sebagian atau                 of the deferred tax assets to be utilised.
                     seluruh bagian dari aset pajak tangguhan tersebut.

                     Proyeksi ini disusun dengan mempertimbangkan                This forecast is prepared by considering the Group’s
                     hasil pencapaian Grup di masa lalu dan ekspektasi           past results and future expectations on revenues
                     pendapatan dan beban di masa depan,                         and expenses as well as assumptions of estimated
                     sebagaimana juga dengan asumsi estimasi atas                future taxable income included in management’s
                     penghasilan kena pajak di masa depan yang                   financial projections, which are subject to
                     termasuk di dalam proyeksi keuangan manajemen,              uncertainty and can be affected by external factors
                     yang memiliki ketidakpastian dan dapat dipengaruhi          such as macroeconomic conditions.
                     oleh faktor-faktor eksternal seperti kondisi ekonomi
                     makro.

                     Cadangan penurunan nilai persediaan                         Provision for impairment of inventories

                     Grup melakukan pencadangan penurunan nilai                  The Group provides provision of impairment of
                     persediaan berdasarkan estimasi persediaan yang             inventories based on estimated future usage and the
                     akan digunakan pada masa datang dan kondisi dari            condition of the inventories. Uncertainty associated
                     persediaan. Ketidakpastian terkait dengan faktor-           with these factors may result in the realisable
                     faktor ini dapat menyebabkan nilai realisasi yang           amount being different from the reported carrying
                     berbeda dengan nilai tercatat dari persediaan.              amount of the inventories.




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                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/30 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                             31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                 (Expressed in US Dollars, unless otherwise stated)


                    3.      ESTIMASI DAN PERTIMBANGAN AKUNTANSI                    3.   CRITICAL ACCOUNTING              ESTIMATES         AND
                            YANG PENTING (lanjutan)                                     JUDGEMENTS (continued)

                            Ketidakpastian kewajiban perpajakan                         Uncertain of tax position

                            Dalam situasi tertentu, Grup tidak dapat                    In certain circumstances, the Group may not be able
                            menentukan secara pasti jumlah utang pajak kini             to determine the exact amount of its current or future
                            atau masa mendatang atau jumlah klaim restitusi             tax liabilities or the recoverable amount of the claim
                            pajak yang dapat terpulihkan karena proses                  for tax refund due to ongoing investigations by the
                            pemeriksaan yang masih berlangsung dengan                   taxation authority. Uncertainties exist with respect to
                            otoritas perpajakan. Ketidakpastian timbul terkait          the interpretation of complex tax regulations and the
                            dengan interpretasi dari peraturan perpajakan yang          amount and timing of future taxable income. In
                            kompleks dan jumlah dan waktu dari penghasilan              determining the amount to be recognised in respect
                            kena pajak di masa depan. Dalam menentukan                  of an uncertain tax liability or the recoverable
                            jumlah yang harus diakui terkait dengan utang pajak         amount of the claim for tax refund related to
                            yang tidak pasti atau klaim restitusi pajak yang            uncertain tax positions, the Group applies similar
                            dapat terpulihkan terkait dengan ketidakpastian             considerations as it would use in determining the
                            posisi perpajakan, Grup menerapkan pertimbangan             amount of a provision to be recognised in
                            yang sama yang akan digunakan dalam                         accordance with PSAK 237, “Provisions, Contingent
                            menentukan jumlah provisi yang harus diakui sesuai          Liabilities and Contingent Assets” and PSAK 212,
                            dengan PSAK 237, “Provisi, Liabilitas Kontinjensi,          “Income Taxes”. The Group makes an analysis of all
                            dan Aset Kontinjensi” dan PSAK 212, “Pajak                  uncertain tax positions to determine if a tax liability
                            Penghasilan”. Grup membuat analisis untuk semua             for uncertain tax benefit or a provision for
                            ketidakpastian posisi perpajakan untuk menentukan           unrecoverable claim for tax refund should be
                            jika utang pajak atas manfaat pajak yang tidak pasti        recognised.
                            atau cadangan atas klaim restitusi pajak yang tidak
                            dapat terpulihkan harus diakui.

                            Taksiran masa manfaat aset tetap                            Estimated useful lives of fixed assets

                            Grup mengestimasi masa manfaat dari aset tetap              The Group estimates the useful lives of its property
                            berdasarkan ekspektasi utilisasi dari aset dengan           and equipment based on expected asset utilisation
                            didukung rencana dan strategi usaha yang juga               as anchored on business plans and strategies that
                            mempertimbangkan perkembangan teknologi di                  also consider expected future technological
                            masa depan dan perilaku pasar. Estimasi masa                developments and market behaviour. The estimation
                            manfaat aset tetap didasarkan pada penelaahan               of the useful lives of property and equipment is
                            Grup secara kolektif terhadap praktik industri,             based on the Group’s collective assessment of
                            evaluasi teknis internal dan pengalaman untuk aset          industry practice, internal technical evaluation and
                            yang setara.                                                experience with similar assets.

                            Estimasi masa manfaat ditelaah paling sedikit setiap        The estimated useful lives are reviewed at least
                            akhir tahun pelaporan dan diperbarui jika ekspektasi        each financial year end and are updated if
                            berbeda dari estimasi sebelumnya dikarenakan                expectations differ from previous estimates due to
                            pemakaian dan kerusakan fisik, keusangan secara             physical wear and tear, technical or commercial
                            teknis atau komersial dan hukum atau pembatasan             obsolescence and legal or other limitations on the
                            lain penggunaan aset. Namun, ada kemungkinan,               use of the assets. It is possible, however, that future
                            hasil operasi di masa depan dapat dipengaruhi               results of operations could be materially affected by
                            secara material oleh perubahan-perubahan dalam              changes in the estimates brought about by changes
                            estimasi yang diakibatkan oleh perubahan faktor-            in the factors mentioned above.
                            faktor yang disebutkan di atas.




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                                                           Lampiran - 5/31 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                         31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)             (Expressed in US Dollars, unless otherwise stated)


                3.   ESTIMASI DAN PERTIMBANGAN AKUNTANSI                   3.   CRITICAL ACCOUNTING             ESTIMATES       AND
                     YANG PENTING (lanjutan)                                    JUDGEMENTS (continued)

                     Taksiran masa manfaat aset tetap (lanjutan)                Estimated useful lives of fixed assets (continued)

                     Jumlah dan saat beban dicatat setiap periode akan          The amounts and timing of recorded expenses for
                     terpengaruh oleh perubahan atas faktor-faktor dan          any period are affected by changes in these factors
                     kondisi tersebut. Pengurangan dalam estimasi masa          and circumstances. A reduction in the estimated
                     manfaat dari aset tetap Grup akan meningkatkan             useful lives of the Group’s fixed assets increases the
                     beban usaha dan menurunkan aset tidak lancar               recorded operating expenses and decreases
                     yang tercatat. Penambahan dalam estimasi masa              recorded non-current assets. An extension in the
                     manfaat aset tetap Grup menurunkan beban usaha             estimated useful lives of the Group’s property and
                     dan meningkatkan aset tidak lancar yang tercatat.          equipment decreases the recorded operating
                                                                                expenses and increases non-current assets.

                     Nilai wajar bangunan dan prasarana                         Fair value of building and improvements

                     Nilai wajar dari bangunan dan prasarana ditentukan         The fair value of buildings and improvements is
                     menggunakan teknik valuasi yang dilakukan oleh             determined by using valuation techniques which
                     penilai independen profesional yang memiliki               were valued by independent professionally qualified
                     kualifikasi yang relevan dan memiliki pengalaman           valuers who hold a recognised relevant professional
                     yang berhubungan dengan aset tetap yang akan               qualification and have recent experience in the
                     dinilai. Setiap perubahan dalam asumsi penilaian           locations and fixed assets valued. Any change in
                     yang dilakukan oleh penilai independen eksternal           assumption and valuation performed by an external
                     akan berdampak pada nilai tercatat aset tetap.             independent appraiser will affect the carrying
                     Informasi tambahan diungkapkan di Catatan 9.               amount of the Group’s assets. Additional information
                                                                                is disclosed in Note 9.

                     Imbalan kerja                                              Employee benefits

                     Nilai kini kewajiban imbalan kerja tergantung pada         The present value of the employee benefits
                     sejumlah     faktor   yang    ditentukan    dengan         obligation depends on a number of factors that are
                     menggunakan sejumlah asumsi aktuaria. Asumsi               determined on a number of actuarial assumptions.
                     yang digunakan dalam menentukan biaya bersih               The assumptions used in determining the net cost
                     untuk pensiun termasuk tingkat pengembalian                for pensions include the expected long-term rate of
                     jangka panjang yang diharapkan atas investasi dana         return on investment of the defined contribution
                     program pensiun iuran pasti dan tingkat diskonto           pension fund and the relevant discount rate. Any
                     yang relevan. Setiap perubahan dalam asumsi ini            changes in these assumptions will impact the
                     akan berdampak pada nilai tercatat kewajiban               carrying amount of the employee benefits obligation.
                     imbalan kerja.

                     Grup menentukan tingkat diskonto dan kenaikan gaji         The Group determines the appropriate discount rate
                     masa datang yang sesuai pada akhir periode                 and future salary increase at the end of each
                     pelaporan. Tingkat diskonto adalah tingkat suku            reporting period. The discount rate is interest rate
                     bunga yang harus digunakan untuk menentukan                that should be used to determine the present value
                     nilai kini atas estimasi arus kas keluar masa depan        of estimated future cash outflows expected to be
                     yang diharapkan untuk menyelesaikan kewajiban              required to settle the pension obligations. In
                     pensiun. Dalam menentukan tingkat suku bunga               determining the appropriate discount rate, the Group
                     yang sesuai, Grup mempertimbangkan tingkat suku            considers the interest rates of government bonds
                     bunga obligasi pemerintah yang didenominasikan             that are denominated in the currency in which the
                     dalam mata uang imbalan akan dibayar dan                   benefits will be paid and that have terms to maturity
                     memiliki jangka waktu yang serupa dengan jangka            approximating the terms of the related pension
                     waktu kewajiban pensiun yang terkait.                      obligation.




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                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/32 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                    3.      ESTIMASI DAN PERTIMBANGAN AKUNTANSI                      3.   CRITICAL ACCOUNTING               ESTIMATES         AND
                            YANG PENTING (lanjutan)                                       JUDGEMENTS (continued)

                            Imbalan kerja (lanjutan)                                      Employee benefits (continued)

                            Untuk tingkat kenaikan gaji masa datang, Grup                 For the rate of future salary increases, the Group
                            mengumpulkan data historis mengenai perubahan                 collects all historical data relating to changes in base
                            gaji dasar pekerja dan menyesuaikannya dengan                 salaries and adjusts it for future business plans.
                            perencanaan bisnis masa datang.

                            Asumsi kunci kewajiban pensiun lainnya sebagian               Other key assumptions for pension obligations are
                            ditentukan berdasarkan kondisi pasar saat ini.                based in part on current market conditions.
                            Informasi tambahan diungkapkan pada Catatan 15.               Additional information is disclosed in Note 15.

                            Penentuan umur sewa                                           Determining lease term

                            Dalam menentukan umur sewa, manajemen                         In determining the lease term, management
                            mempertimbangkan beberapa fakta dan keadaan                   considers all facts and circumstances that create an
                            yang    memberikan      insentif   ekonomi   untuk            economic incentive to exercise an extension option,
                            mengambil     opsi   perpanjangan,      atau  tidak           or not exercise a termination option. Extension
                            mengambil opsi pembatalan. Opsi perpanjangan                  options (or periods after termination options) are
                            (atau periode setelah opsi pembatalan) hanya                  only included in the lease term if the lease is
                            dimasukkan dalam masa sewa jika cukup pasti                   reasonably certain to be extended (or not
                            untuk diperpanjang (atau tidak dibatalkan).                   terminated).

                            Untuk sewa bangunan dan peralatan, faktor-faktor              For leases of properties and equipment, the
                            berikut biasanya yang paling relevan:                         following factors are normally the most relevant:
                            -    Jika ada penalti signifikan untuk membatalkan            -    If there are significant penalties to terminate (or
                                 (atau tidak memperpanjang), Grup yakin untuk                  not extend), the Group is typically reasonably
                                 memperpanjang (atau tidak membatalkan).                       certain to extend (or not terminate).
                            -    Jika ada leasehold improvement yang                      -    If any leasehold improvements are expected to
                                 diperkirakan memiliki nilai sisa yang signifikan,             have a significant remaining value, the Group is
                                 Grup yakin untuk memperpanjang (atau tidak                    typically reasonably certain to extend (or not
                                 membatalkan).                                                 terminate).
                            -    Selain dari itu, Grup mempertimbangkan faktor            -    Otherwise, the Group considers other factors
                                 mencakup sejarah durasi sewa dan biaya serta                  including historical lease durations and the
                                 halangan bisnis untuk menggantikan aset                       costs and business disruption required to
                                 sewa.                                                         replace the leased asset.

                            Mayoritas opsi perpanjangan untuk sewa tanah,                 Most extension options in land, offices and vehicles
                            kantor dan kendaraan tidak dimasukkan ke dalam                leases have not been included in the lease liability,
                            liabilitas sewa, karena Grup dapat mengganti aset             because the Group could replace the assets without
                            tanpa biaya signifikan atau halangan bisnis.                  significant cost or business disruption.

                            Umur sewa dinilai kembali ketika opsi sebenarnya              The lease term is reassessed if an option is actually
                            diambil (atau tidak diambil) atau Grup menjadi                exercised (or not exercised) or the Group becomes
                            berkewajiban untuk mengambil (atau tidak                      obliged to exercise (or not exercise) it. The
                            mengambil) opsi tersebut. Penilaian kepastian yang            assessment of reasonable certainty is only revised if
                            wajar hanya direvisi ketika peristiwa signifikan atau         a significant event or a significant change in
                            perubahan signifikan terjadi, yang mempengaruhi               circumstances     occurs,    which    affects    this
                            penilaian ini, dan hal tersebut dalam pengendalian            assessment, and that is within the control of the
                            penyewa.                                                      lessee.




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                                                               Lampiran - 5/33 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                4.   KAS DAN SETARA KAS                                       4.   CASH AND CASH EQUIVALENTS

                     a.   Kas dan setara kas                                       a.   Cash and cash equivalents

                                                                     2024                2023

                          Kas                                          201,800             184,180                         Cash on hand

                          Kas di bank                                                                                      Cash in bank
                          Pihak berelasi (Catatan 30):                                                          Related parties (Note 30):
                             Rupiah                                   7,028,108           7,127,245                           Rupiah
                             Dolar AS                                 1,728,481           9,204,187                        US Dollar
                             Riyal                                        1,286                   -                              Riyal
                             Euro                                           277                 395                              Euro

                                                                      8,758,152          16,331,827

                          Pihak ketiga:                                                                                     Third parties:
                             Rupiah                                                                                            Rupiah
                               PT Bank Maybank                                                                   PT Bank Maybank
                                  Syariah Indonesia                                                             Syariah Indonesia
                                  (“Maybank Syariah”)                 1,562,791             343,982         (“Maybank Syariah”)
                               Citibank N.A (“Citibank”)                 55,051           1,108,863        Citibank N.A (“Citibank”)
                               Lain-lain (masing-masing                                                                      Others
                                  di bawah AS$100.000)                 109,230             221,127      (each below US$100,000)

                                                                      1,727,072           1,673,972

                             Dolar AS                                                                                      US Dollar
                               PT Bank Maybank Indonesia Tbk                                           PT Bank Maybank Indonesia
                                 (“Maybank”)                           426,412             145,652              Tbk (“Maybank”)
                               PT Bank CTBC Indonesia                  145,652              82,683        PT Bank CTBC Indonesia
                                 ("CTBC")                                                                              ("CTBC")
                               Citibank                                 74,888              52,663                        Citibank
                               Lain-lain (masing-masing                                                                    Others
                                 di bawah AS$100.000)                  174,440            1,360,464     (each below US$100,000)

                                                                       821,392            1,641,462

                          Deposito berjangka                                                                              Time deposits
                          Pihak berelasi (Catatan 30):                                                          Related parties (Note 30):
                               Rupiah                                  745,065             849,592                           Rupiah
                               Dolar AS                                370,000             370,000                        US Dollar

                                                                      1,115,065           1,219,592

                                                                     12,623,481          21,051,033




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                 Lampiran - 5/34 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                    4.      KAS DAN SETARA KAS (lanjutan)                         4.   CASH AND CASH EQUIVALENTS (continued)

                            Informasi lainnya sehubungan dengan kas dan                Other information relating to cash and cash
                            setara kas adalah sebagai berikut:                         equivalents is as follows:

                            •    Tingkat suku bunga kontraktual untuk kas pada         •     Contractual interest rates on cash in banks and
                                 bank dan deposito bank jangka pendek adalah                 short-term bank deposits are as follows:
                                 sebagai berikut:

                                                                       2024                    2023

                                 Rupiah                              0% - 1.75%             0% - 0.15%                                 Rupiah
                                 Dolar AS                            0% - 4.00%             0% - 3.00%                               US Dollar

                            •    Kas dan setara kas berdasarkan mata uang:             •     Cash and cash equivalents by currency:

                                                                       2024                    2023

                                 Rupiah                                 9,702,045               9,834,989                              Rupiah
                                 Dolar AS                               2,919,873              11,215,649                            US Dollar
                                 Riyal                                      1,286                     -                                 Riyal
                                 Euro                                         277                     395                                Euro

                                                                       12,623,481              21,051,033




                            b.   Kas dan setara        kas    yang    dibatasi         b.    Restricted cash and cash equivalents
                                 penggunaannya

                                 Pada tanggal 31 Desember 2024, Grup                         As of 31 December 2024, the Group had
                                 memiliki kas dan setara kas yang dibatasi                   restricted cash and cash equivalents amounting
                                 penggunaannya       sebesar   AS$902.880                    US$902,880 (compared to US$358,975 on 31
                                 (31 Desember 2023: AS$358.975), yang                        December 2023), which were held as bank
                                 merupakan bank garansi sebagai jaminan                      guarantees for work performance.
                                 pelaksanaan pekerjaan.




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                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                 Lampiran - 5/35 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                     (Expressed in US Dollars, unless otherwise stated)


                5.   PIUTANG USAHA                                                 5.   TRADE RECEIVABLES

                                                                     2024                   2023

                      Pihak berelasi                                                                                         Related parties
                         Piutang usaha                               95,672,935             92,411,133                 Trade receivables
                         Provisi atas penurunan nilai               (35,204,127)           (31,059,032)          Provision for impairment

                         Piutang usaha, bersih (Catatan 30)         60,468,808             61,352,101     Trade receivables, net (Note 30)

                         Dikurangi bagian tidak lancar, bersih      (14,651,879)           (15,049,694)      Less non-current portion, net

                         Bagian lancar, bersih                       45,816,929            46,302,407                 Current portion, net

                      Pihak ketiga:                                                                                             Third parties:
                         PT Sriwijaya Air (“Sriwijaya”)              37,117,756            40,111,835         PT Sriwijaya Air (“Sriwijaya”)
                         PT Nam Air                                   9,336,617             8,690,521                          PT Nam Air
                         PT Lion Mentari Airlines                     5,295,202             5,561,094            PT Lion Mentari Airlines
                         Lain-lain (masing-masing                                                                                   Others
                           dibawah AS$3.000.000)                     23,694,166            30,396,900       (each below US$3,000,000)

                                                                     75,443,741             84,760,350
                         Provisi atas penurunan nilai               (71,397,829)           (74,065,519)          Provision for impairment

                         Bagian lancar, bersih                        4,045,912            10,694,831                 Current portion, net

                      Jumlah piutang usaha, bersih                   64,514,720            72,046,932           Total trade receivables, net



                     Piutang usaha Grup berdasarkan mata uang adalah                    The Group’s trade receivables are denominated in
                     sebagai berikut:                                                   the following currencies:

                                                                     2024                   2023

                      Rupiah                                        150,882,899           152,161,042                                 Rupiah
                      Dolar AS                                       20,233,777            25,010,441                              US Dollars

                                                                    171,116,676           177,171,483

                      Provisi atas penurunan nilai                 (106,601,956)          (105,124,551)              Provision for impairment

                                                                     64,514,720            72,046,932




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                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/36 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                              31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                  (Expressed in US Dollars, unless otherwise stated)


                    5.      PIUTANG USAHA (lanjutan)                                5.   TRADE RECEIVABLES (continued)

                            Umur piutang usaha adalah sebagai berikut:                   The ageing of trade receivables is as follows:

                                                                      2024                   2023

                            Lancar                                    23,577,436            27,951,647                                 Current
                            Jatuh tempo:                                                                                             Overdue:
                                1 - 60 hari                           20,593,147            22,098,978                         1 - 60 days
                                61 - 180 hari                         12,900,595            10,790,878                       61 - 180 days
                                181 - 360 hari                         9,162,522             7,866,024                      181 - 360 days
                                Lebih dari 360 hari                  104,882,976           108,463,956                      Over 360 days

                                                                     171,116,676            177,171,483
                            Provisi atas penurunan nilai            (106,601,956)          (105,124,551)               Provision for impairment

                                                                      64,514,720            72,046,932


                            Pada tanggal 31 Desember 2024, piutang usaha                 As at 31 December 2024, trade receivables of
                            sebesar AS$147,54 juta (2023: AS$149,22 juta)                US$147.54 million (2023: US$149.22 million) were
                            telah lewat jatuh tempo. Grup melakukan analisis             past due. The Group analysis the impairment of
                            penurunan nilai atas piutang usaha pada setiap               trade receivables at each reporting date.
                            tanggal pelaporan.

                            Eksposur maksimum risiko kredit pada tanggal                 The maximum exposure to credit risk at the
                            pelaporan adalah sebesar nilai tercatat masing-              reporting date is the carrying value of each class of
                            masing kategori piutang yang disebutkan diatas.              receivable mentioned above.

                            Mutasi provisi penurunan nilai piutang usaha Grup            Movements in the Group’s provision for impairment
                            adalah sebagai berikut:                                      of trade receivables are as follows:

                                                                      2024                   2023

                            Pada awal tahun                          105,124,551           106,347,948                     At beginning of year
                            Penambahan/(pembalikan)                    1,477,405            (1,223,397)                     Addition/(reversal)

                            Pada akhir tahun                         106,601,956           105,124,551                       At the end of year

                            Pada tanggal 31 Desember 2024, piutang usaha                 As at 31 December 2024, the Company’s non-
                            bagian jangka panjang Perusahaan sebagian besar              current portion of trade receivables is mainly
                            merupakan hasil dari restrukturisasi piutang dengan          resulting from restructuring receivables with
                            Garuda, PT Citilink Indonesia (“Citilink”), dan              Garuda, PT Citilink Indonesia (“Citilink”), and
                            Sriwijaya.                                                   Sriwijaya.

                            Restrukturisasi piutang usaha Garuda                         Restructuritation of Garuda trade receivables

                            Sesuai dengan berita acara rapat verifikasi tagihan          In accordance with minutes of creditors billing
                            kreditur PT Garuda Indonesia (Persero) Tbk (dalam            verification of PT Garuda Indonesia (Persero) Tbk
                            proses Penundaan Kewajiban Pembayaran Utang                  (in suspension of debt payment obligations
                            (“PKPU”)), Perkara No.425/Pdt.Sus-PKPU/2021/PN/              (“PKPU”)) case No.425/Pdt.Sus-PKPU/2021/PN/
                            Niaga.Jkt.Pst tanggal 24 Februari 2022, Grup dan             Niaga.Jkt.Pst dated 24 February 2022, the Group
                            Garuda sepakat atas restrukturisasi piutang usaha            and Garuda agreed to restructure the trade
                            senilai Rp293,54 miliar (setara dengan AS$17,41              receivables amounting to Rp293.54 billions
                            juta) dan AS$2,19 juta dengan jangka waktu                   (equivalents to US$17.41 million) and US$2.19
                            pembayaran 22 tahun dan tingkat suku bunga 0,1%              million with payment terms of 22 years and interest
                            per tahun.                                                   rate 0.1% per annum.




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                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                              Lampiran - 5/37 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


                5. PIUTANG USAHA (lanjutan)                                 5.   TRADE RECEIVABLES (continued)

                    Restrukturisasi piutang usaha Garuda (lanjutan)              Restructuritation   of   Garuda    trade    receivables
                                                                                 (continued)

                    Pada tanggal 14 Juni 2022, sesuai dengan berita              On 14 June 2022, in accordance with minutes No:
                    acara No: DT/BA-004/22, Grup dan Garuda                      DT/BA-004/22, the Group and Garuda entered an
                    menandatangani perjanjian pemindahan saldo                   agreement to transfer the Group’s receivables from
                    piutang CFM International (“CFMI”) ke dalam bagian           CFM International (“CFMI”) as part of Garuda’s
                    saldo piutang Garuda sebesar Rp74,70 miliar                  receivables amounting to Rp74.70 billions
                    (setara dengan AS$4,75 juta). Sehingga total                 (equivalent to US$4.75 million). The total of trade
                    piutang usaha pada saat restrukturisasi adalah               receivables at the time of restructuring amounting
                    sebesar AS$24,35 juta dan pada 31 Desember                   US$24.35 million and as at 31 December 2024
                    2024 sebesar AS$23,03 juta dikarenakan dampak                amounting US$23.03 million due to impact of
                    valuasi (2023: AS$24,69 juta).                               valuation (2023: US$24.69 million).

                    Pada 31 Desember 2024, jumlah provisi atas                   As at 31 December 2024, total provision of trade
                    piutang usaha bagian tidak lancar adalah senilai             receivables non-current portion is US$21.21 million.
                    AS$21,21 juta. Sehingga, nilai piutang bagian tidak          Therefore, trade receivables non-current portion
                    lancar setelah provisi adalah AS$1,81 juta                   amounting to US$1.81 million (2023: US$2.70
                    (2023: AS$2,70 juta).                                        million).

                    Restrukturisasi piutang usaha Citilink                       Restructuritation of Citilink trade receivables

                    Pada 6 Juli 2022, perusahaan menandatangani                  The Company signed an agreement with Citilink on
                    kesepakatan dengan Citilink untuk penyelesaian               6 July 2022 for the settlement of trade receivables
                    saldo piutang usaha 31 Desember 2021. Nilai                  outstanding as at 31 December 2021. The total
                    piutang usaha yang disepakati adalah sebesar                 trade receivables agreed amounting to US$47.01
                    AS$47,01 juta dalam jangka waktu 5 (lima) tahun              million with payment terms of 5 (five) years in a
                    dengan skema ballooning.                                     ballooning scheme.

                    Restrukturisasi piutang usaha Sriwijaya                      Restructuritation of Sriwijaya trade receivables

                    Sesuai dengan Putusan Pengadilan Niaga pada                  In accordance with Putusan Pengadilan Niaga of
                    Pengadilan Negeri Jakarta Pusat No. 247-Pdt.Sus-             Pengadilan Negeri Jakarta Pusat No. 247-Pdt.Sus-
                    PKPU-2022-PN. Niaga.jkt.Pst tanggal 20 Juli 2023,            PKPU-2022-PN.Niaga.jkt.Pst dated 20 July 2023,
                    Grup dan Sriwijaya sepakat atas restrukturisasi              the Group and Sriwijaya agreed to restructure the
                    piutang usaha. Jumlah piutang usaha Sriwijaya dan            trade receivables. The total of Sriwijaya’s and PT
                    PT Nam Air yang direstrukturisasi adalah Rp652,43            Nam Air’s restructured trade receivables balance is
                    miliar setara dengan AS$46,45 juta (2023:                    amounted to Rp652.43 billions equivalents to
                    AS$48,80 juta) dengan jangka waktu pembayaran                US$46.45 million (2023: US$48.80 million) with
                    20 tahun dan tanpa bunga.                                    payment terms of 20 years and with no interest.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                        PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                             DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/38 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                    (Expressed in US Dollars, unless otherwise stated)


                    6.      ASET KONTRAK                                              6.   CONTRACT ASSETS

                            Rincian jumlah aset kontrak dari pelanggan adalah              Details of contract assets amounts from customers
                            sebagai berikut:                                               are as follow:

                                                                       2024                    2023

                            Pihak berelasi                             31,460,495             44,310,959                           Related parties
                            - Provisi atas penurunan nilai             (4,004,561)            (4,572,434)               Provision for impairment -

                                                                       27,455,934             39,738,525

                            Pihak ketiga                               16,033,606              75,784,890                             Third parties
                            - Provisi atas penurunan nilai             (2,068,891)            (64,818,786)              Provision for impairment -

                                                                       13,964,715             10,966,104

                                                                       41,420,649             50,704,629



                            Manajemen berpendapat bahwa cadangan atas                      Management believes that the allowance for
                            kerugian kredit ekspektasian atas aset kontrak                 expected credit losses of contract assets is sufficient
                            adalah cukup untuk menutupi penurunan nilai dari               to cover the impairment of contract assets.
                            aset kontrak.

                            Mutasi provisi penurunan nilai aset kontrak Grup               Movements in the Group’s provision for impairment
                            adalah sebagai berikut:                                        of contract assets are as follows:

                                                                        2024                   2023

                             Pada awal tahun                            69,391,220             68,558,745                      At beginning of year
                             Penambahan                                  1,568,603              5,171,693                                  Addition
                             Pemulihan                                    (889,326)            (4,339,218)                                Reversal
                             Penghapusan                               (63,997,045)                     -                                 Write-off

                             Pada akhir tahun                            6,073,452             69,391,220                           At end of year




                    7.      PERSEDIAAN                                                7.   INVENTORIES

                            Akun ini merupakan suku cadang pesawat dengan                  This account represents aircraft spare parts with
                            rincian sebagai berikut:                                       details as follows:

                                                                         2024                   2023

                              Suku cadang expendable and supplies       65,178,357              90,724,883     Expendable spare parts and supplies
                              Suku cadang rotable                                                                          Rotable spare parts and
                                 dan repairable                         32,788,774              40,020,577                          repairable

                                                                         97,967,131           130,745,460
                              Provisi atas penurunan nilai              (36,551,825)          (56,726,881)                Provision for impairment

                                                                        61,415,306              74,018,579




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                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                           Lampiran - 5/39 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                7.   PERSEDIAAN (lanjutan)                                    7.   INVENTORIES (continued)

                     Mutasi dari provisi atas penurunan nilai persediaan           Movement of provision for impairment of inventories
                     adalah sebagai berikut:                                       is as follows:

                                                                2024                   2023

                      Pada awal tahun                           56,726,881             51,436,629                    At beginning of year
                      Penambahan                                 4,497,685              6,429,126                                Addition
                      Pemulihan                                 (5,515,640)            (1,138,874)                              Reversal
                      Penghapusan                              (19,157,101)                     -                               Write-off

                      Pada akhir tahun                         36,551,825              56,726,881                         At end of year


                     Biaya persediaan yang diakui sebagai beban untuk              The cost of inventories recognised as expense for
                     tahun yang berakhir pada 31 Desember 2024                     the year ended 31 December 2024 is US$104
                     adalah sebesar AS$104 juta (2023: AS$88,80 juta).             million (2023: US$88.80 million).

                     Pada tanggal 31 Desember 2024 dan 2023,                       As at 31 December 2024 and 2023, management
                     manajemen melakukan pengujian atas penurunan                  performed an impairment assessment on inventory
                     nilai persediaan dengan mempertimbangkan                      value considering obsolete and slow-moving items
                     persediaan usang dan bergerak lambat disamping                besides net realisable value of inventories.
                     nilai realisasi neto. Manajemen berpendapat bahwa             Management believes that the provision impairment
                     provisi atas penurunan nilai persediaan tersebut              of inventories is adequate to cover losses on
                     adalah cukup untuk menutup kerugian yang timbul               inventory value.
                     dari penurunan nilai persediaan.

                     Persediaan      Grup      telah     diasuransikan             The inventories of the Group were insured with
                     kepada PT Asuransi Tugu Pratama Indonesia,                    PT Asuransi Tugu Pratama Indonesia, a
                     entitas yang berelasi dengan pemerintah, terhadap             government-related entity, against fire, theft and
                     risiko kebakaran, pencurian, dan risiko lainnya               other possible risks under pool policies with a total
                     berdasarkan suatu paket polis dengan nilai                    sum insured amounting to US$117.03 million
                     pertanggungan      sebesar      AS$117,03     juta            (2023: US$117.03). Management believes that the
                     (2023: AS$117,03 juta). Manajemen berpendapat                 insurance coverage is adequate to cover possible
                     bahwa nilai pertanggungan tersebut cukup untuk                losses on the inventories insured.
                     menutup kemungkinan kerugian atas persediaan
                     yang dipertanggungkan.


                8.   UANG MUKA DAN BEBAN DIBAYAR DIMUKA                       8.   ADVANCES AND PREPAID EXPENSES

                                                               2024                   2023

                     Uang muka pembelian                       30,278,791             38,052,543                Advances for purchases
                     Uang muka pegawai                          2,063,110              2,664,050                Advances for employee
                     Lain-lain (masing-masing                                                                       Others (each below
                         di bawah AS$1.000.000)                  119,618                 401,325                    US$1,000,000)

                                                               32,461,519             41,117,918
                     Bagian lancar                            (31,569,882)           (40,704,250)                        Current portion

                     Bagian tidak lancar                         891,637                 413,668                     Non-current portion



                     Uang     muka     untuk   pembelian    terutama               Advances for purchases primarily represent
                     mencerminkan pembayaran yang dilakukan kepada                 payments made to subcontractors and suppliers in
                     subkontraktor dan pemasok terkait instalasi dan               relation to the installation and maintenance of cabin
                     pemeliharaan renovasi kabin, serta mesin dan                  refurbishments, as well as engine and general
                     kontrak pemeliharaan umum.                                    maintenance contracts.




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                                                                PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                     DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                                    Lampiran - 5/40 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                                              31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                                  (Expressed in US Dollars, unless otherwise stated)


                    9.      ASET TETAP                                                                         9.      FIXED ASSETS

                                                                                                              2024
                                                               Awal/         Penambahan/      Pengurangan/           Reklasifikasi/     Revaluasi/             Akhir/
                                                             Beginning         Addition         Disposal            Reclassification    Revaluation           Ending

                                 Biaya perolehan                                                                                                                                       Acquisition cost
                                 Kepemilikan langsung:                                                                                                                                 Directly owned:
                                 Bangunan dan prasarana       37,839,364       25,745,956 *      )        -                      -            (1,796,188)    61,789,132      Building and improvements
                                 Suku cadang rotable         102,411,044                -                 -                      -                     -    102,411,044              Rotable spare parts
                                 Peralatan dan                                                                                                                                         Warehouse tools
                                   perlengkapan bengkel      116,063,702         737,764                  -                      -                     -    116,801,466               and equipments
                                 Peralatan kantor dan                                                                                                                                 Office equipments
                                   komputer                   35,120,153           64,278                 -                      -                     -     35,184,431                and computers
                                 Perbaikan aset sewa             226,326                -                 -                      -                     -        226,326        Leasehold improvements
                                 Aset dalam konstruksi           825,662        2,588,454                 -                      -                     -      3,414,116       Assets under construction

                                                             292,486,251       29,136,452                 -                      -            (1,796,188)   319,826,515

                                 Akumulasi penyusutan                                                                                                                       Accumulated depreciation
                                 Kepemilikan langsung :                                                                                                                                Directly owned:
                                 Bangunan dan prasarana        (1,908,601)     (1,898,469)                -                      -            2,494,408       (1,312,662)    Building and improvements
                                 Suku cadang rotable          (51,430,130)     (4,979,880)                -                      -                    -      (56,410,010)            Rotable spare parts
                                 Peralatan dan                                                                                                                                         Warehouse tools
                                   perlengkapan bengkel       (81,407,179)     (4,204,323)                -                      -                     -     (85,611,502)             and equipments
                                 Peralatan kantor dan                                                                                                                                 Office equipments
                                   komputer                   (25,758,497)     (1,413,697)                -                      -                     -     (27,172,194)              and computers
                                 Perbaikan aset sewa             (226,326)              -                 -                      -                     -        (226,326)     Leasehold improvements

                                                             (160,730,733)    (12,496,369)                -                      -            2,494,408     (170,732,694)

                                 Nilai buku bersih           131,755,518                                                                                    149,093,821                 Net book value



                                                                                                         2023
                                                               Awal/         Penambahan/      Pengurangan/   Reklasifikasi/             Revaluasi/             Akhir/
                                                             Beginning         Addition         Disposal    Reclassification            Revaluation           Ending

                                 Biaya perolehan                                                                                                                                       Acquisition cost
                                 Kepemilikan langsung:                                                                                                                                 Directly owned:
                                 Bangunan dan prasarana       39,726,407           2,985                  -                      -            (1,890,028)    37,839,364      Building and improvements
                                 Suku cadang rotable         100,912,842               -                  -              1,498,202                     -    102,411,044              Rotable spare parts
                                 Peralatan dan                                                                                                                                         Warehouse tools
                                   perlengkapan bengkel      115,311,435         339,983                  -               412,284                      -    116,063,702               and equipments
                                 Peralatan kantor dan                                                                                                                                 Office equipments
                                   komputer                   34,794,565         300,602                  -                 24,986                     -     35,120,153                and computers
                                 Perbaikan aset sewa             226,326               -                  -                      -                     -        226,326       Leasehold improvements
                                 Aset dalam konstruksi           916,463         327,057             (5,574)              (412,284)                    -        825,662       Accumulated depreciation

                                                             291,888,038         970,627             (5,574)             1,523,188            (1,890,028)   292,486,251

                                 Akumulasi penyusutan                                                                                                                       Accumulated depreciation
                                 Kepemilikan langsung :                                                                                                                                Directly owned:
                                 Bangunan dan prasarana        (2,063,532)     (2,349,810)                -                      -            2,504,741       (1,908,601)    Building and improvements
                                 Suku cadang rotable          (45,994,614)     (5,435,516)                -                      -                    -      (51,430,130)            Rotable spare parts
                                 Peralatan dan                                                                                                                                         Warehouse tools
                                   perlengkapan bengkel       (76,090,220)     (5,316,959)                -                      -                     -     (81,407,179)             and equipments
                                 Peralatan kantor dan                                                                                                                                 Office equipments
                                   komputer                   (24,093,699)     (1,664,798)                -                      -                     -     (25,758,497)              and computers
                                 Perbaikan aset sewa             (226,326)              -                 -                      -                     -        (226,326)     Leasehold improvements

                                                             (148,468,391)    (14,767,083)                -                      -            2,504,741     (160,730,733)

                                 Provisi atas penurunan                                                                                                                      Provision for impairment
                                   nilai suku cadang                                                                                                                          of rotable spare parts,
                                   rotable , peralatan dan                                                                                                                     warehouse tools and
                                   perlengkapan bengkel        (8,183,096)              -        8,183,096                       -                     -                -                equipments

                                 Nilai buku bersih           135,236,551                                                                                    131,755,518                 Net book value




                            *)
                                 Sebagian besar terkait dengan transaksi Inbreng, lihat Catatan 39                                     *)
                                                                                                                                            Mostly related to the Inbreng transaction, see Note 39




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                                                                      Lampiran - 5/41 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                           31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                               (Expressed in US Dollars, unless otherwise stated)


                9.   ASET TETAP (lanjutan)                                                9.     FIXED ASSETS (continued)

                     Pada tahun 2023, terdapat reklasifikasi dari                                As at 31 December 2023, there were reclassification
                     persediaan ke aset tetap sebesar AS$1,52 juta                               of inventories to fixed assets amounting to US$1.52
                     berdasarkan penilaian manajemen atas sifat aset.                            million based on management’s assessment on the
                                                                                                 assets nature.

                     Pada 30 Desember 2024, Garuda melakukan                                     On 30 December 2024, Garuda conducted an
                     transaksi inbreng atas kepemilikan Hangar dan                               inbreng transaction transferring ownership of a
                     bangunan Annex dari Garuda kepada Perusahaan                                Hangar and the Annex building from Garuda to the
                     sebagai bentuk partisipasi Penambahan Modal                                 Company as a form of participation in the
                     dengan Hak Memesan Efek Terlebih Dahulu                                     Company's Additional Capital with Preemptive
                     (“PMHMETD”) (Catatan 39).                                                   Rights (“PMHMETD”) (Note 39).

                     Untuk tahun yang berakhir 31 Desember 2024,                                 For the year ended 31 December 2024, depreciation
                     beban penyusutan sebesar AS$12,50 juta (2023:                               expenses amounting to US$12.50 million (2023:
                     AS$14,77 juta) seluruhnya dibebankan sebagai                                US$14.77 million) are charged to depreciation
                     beban penyusutan.                                                           expenses.

                     Aset dalam konstruksi terdiri dari:                                         Assets under construction consist of the following:

                                                                                          2024
                                                                                                Persentase       Estimasi
                                                    Nilai tercatat/                            penyelesaian/   penyelesaian/
                                                      Carrying           Nilai kontrak/        Percentage of    Estimated
                                                       amount           Contract value          completion      completion

                     Peralatan dan perlengkapan
                          bengkel                       1,090,650            1,204,633                  91%    Mei/May 2025     Warehouse tools and equipments
                     Bangunan dan prasarana             2,323,466            5,658,429                  41%    Juli/July 2025        Building and improvements

                                                        3,414,116            6,863,062




                                                                                          2023
                                                                                                Persentase       Estimasi
                                                    Nilai tercatat/                            penyelesaian/   penyelesaian/
                                                      Carrying           Nilai kontrak/        Percentage of    Estimated
                                                       amount           Contract value          completion      completion

                     Peralatan dan perlengkapan
                          bengkel                         813,506              882,893                  92%    Mei/May 2024     Warehouse tools and equipments
                     Bangunan dan prasarana                12,156               12,796                  95%    Feb/Feb 2024          Building and improvements

                                                          825,662              895,689



                     Grup mempunyai aset tetap yang telah disusutkan                             The Group has fixed assets which are fully
                     penuh tetapi masih digunakan dengan harga                                   depreciated but are still being used with acquisition
                     perolehan sebesar AS$103,79 juta (2023: AS$90,96                            cost amounting to US$103.79 million (2023:
                     juta).                                                                      US$90.96 million).

                     Pada tanggal 31 December 2024, tidak terdapat                               As at 31 December 2024, no fixed assets that are
                     aset tetap yang tidak dipakai untuk sementara                               temporarily out of use, discontinued from active use,
                     waktu, dihentikan dari penggunaan aktif atau                                or classified as held for sale. The total contractual
                     diklasifikasikan sebagai tersedia untuk dijual. Total                       commitment for the acquisition of fixed assets
                     komitmen kontraktual dalam perolehan aset tetap                             amounting to US$3.52 million (Note 32).
                     adalah sebesar AS$3,52 juta (Catatan 32).




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                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                      Lampiran - 5/42 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      (Expressed in US Dollars, unless otherwise stated)


                    9.      ASET TETAP (lanjutan)                                       9.   FIXED ASSETS (continued)

                            Aset tetap telah diasuransikan kepada PT Asuransi                Fixed assets were insured with PT Asuransi Tri
                            Tri Pakarta terhadap risiko kebakaran, pencurian                 Pakarta against fire, theft and other possible risks as
                            dan risiko lainnya sebagai berikut:                              follows:

                                                                          2024                  2023

                         Jumlah tercatat aset tetap                                                                             Carrying amount of
                            yang diasuransikan                            70,196,032            71,930,711                 insured fixed assets

                         Jumlah pertanggungan asuransi                    82,256,644            82,256,644                        Total sum insured
                            Rupiah (dalam AS$ ekuivalen)                                                             Rupiah (in US$ equivalent)


                            Manajemen berpendapat nilai pertanggungan                        Management believes that the insurance coverage
                            tersebut cukup untuk menutup kemungkinan                         is adequate to cover possible losses on the assets
                            kerugian atas aset yang dipertanggungkan.                        insured.

                            Total nilai buku bersih aset tetap berupa bangunan               The total net book value of fixed assets, such as
                            dan prasarana, peralatan dan perlengkapan                        building and improvements, warehouse tools and
                            bengkel, dan suku cadang rotable sebesar                         equipment, and rotable spare parts amounting to
                            AS$93,55 juta digunakan sebagai jaminan kepada                   US$93.55 million is used as collateral to PT Bank
                            PT Bank Negara Indonesia (Persero) Tbk (Catatan                  Negara Indonesia (Persero) Tbk (Note 13).
                            13).

                            Aset tetap yang dinyatakan dalam nilai wajar                     Fixed assets carried at fair value

                            Penilaian atas nilai wajar aset tetap berupa                     The revaluation of buildings and improvements was
                            bangunan dan prasarana dilakukan oleh penilai                    performed by independent appraisers, KJPP
                            independen, KJPP Karmanto & Rekan dalam                          Karmanto & Rekan as stated in the report dated 18
                            laporannya tertanggal 18 Maret 2025. Penilai                     March 2025. The independent appraiser Ir.
                            independen Ir. Karmanto, M. Ec. Dev., MAPPI (Cert)               Karmanto, M. Ec. Dev., MAPPI (Cert) is registered in
                            tersebut telah teregistrasi di OJK. Metode penilaian             OJK. The appraisal method used is the cost
                            yang digunakan adalah pendekatan biaya.                          approach.

                            Selisih nilai wajar aset dengan nilai tercatat                   The difference between the fair value and carrying
                            dikurangi dengan pajak tangguhan, dibukukan pada                 amount of the assets net of deferred tax, was
                            penghasilan komprehensif lain dan diakumulasi                    recorded in other comprehensive income and
                            dalam ekuitas pada bagian “Keuntungan revaluasi                  accumulated in equity as “Gain on revaluation of
                            aset tetap”.                                                     fixed asset”.

                            Jika bangunan dan prasarana diukur menggunakan                   If building and improvements had been measured on
                            nilai historis, nilai tercatat aset tetap tersebut adalah        a historical cost basis, the asset’s carrying amount
                            sebesar AS$54,11 juta (2023: AS$29,57 juta).                     would        have     been      US$54.11       million
                                                                                             (2023: US$29.57 million).




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                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                           Lampiran - 5/43 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


                9.   ASET TETAP (lanjutan)                                  9.   FIXED ASSETS (continued)

                     Pembalikan penurunan nilai aset atas unit                   Impairment reversal of aircraft maintenance
                     penghasil kas jasa pemeliharaan pesawat                     services cash generating units

                     Pasca pemulihan Grup dari pandemi COVID-19,                 Post the recovery from COVID-19 pandemic, as at
                     pada tanggal 31 Desember 2023, Grup melakukan               31 December 2023, the Group has performed an
                     pengujian penurunan nilai pada tingkat Unit                 impairment reversal assessment at the Cash-
                     Penghasil Kas (“UPK”). Sebagai hasil dari                   Generating Unit (“CGU”) level. As a result, the
                     pengujian, nilai terpulihkan dengan menggunakan             asset’s recoverable amount using Value in Use
                     Value in Use (”VIU”), atas unit penghasil kasnya            (“VIU”) exceeded their carrying value of the cash
                     melebihi jumlah tercatatnya sehingga Grup                   generating unit, therefore management recognised
                     mengakui pembalikan penurunan nilai atas UPK                an impairment reversal in relation to the aircraft
                     bisnis jasa pemeliharaan pesawat terbang sebesar            maintenance services CGU amounting to US$8.18
                     AS$8,18 juta.                                               million.

                     Grup dibantu oleh penilai independen eksternal              The Group was assisted by an external independent
                     untuk memperkirakan jumlah terpulihkan UPK                  valuer to estimate the recoverable amount of the
                     dengan menggunakan pendekatan pendapatan                    CGU used an income approach which is predicted
                     yang diprediksi melalui nilai arus kas masa depan           upon the value of the future cash flows that a
                     yang akan dihasilkan oleh suatu bisnis. Metode arus         business will generate going forward. The
                     kas diskontoan yang digunakan meliputi proyeksi             discounted cash flow method was used which
                     arus kas dan mendiskontokannya menjadi nilai kini.          involves projecting cash flows and converting them
                     Proses pendiskontoan menggunakan tingkat                    into a present value equivalent through discounting.
                     pengembalian yang sesuai dengan risiko terkait              The discounting process uses a rate of return that is
                     dengan bisnis atau aset dan nilai waktu uang.               commensurate with the risk associated with the
                                                                                 business or asset and the time value of money.

                     Asumsi utama yang digunakan dalam VIU,                      The key assumptions used in the VIU calculations,
                     termasuk estimasi pertumbuhan pendapatan di                 included estimation of revenue growth in the
                     tahun    mendatang,    belanja  modal,   tingkat            upcoming year, the capital expenditure, the long-
                     pertumbuhan jangka panjang yang digunakan untuk             term growth rate used to estimate the terminal value
                     mengestimasi nilai terminal sebesar 2,28%, dan              at 2.28% and the pre-tax discount rate used in the
                     tingkat diskonto sebelum pajak yang digunakan               model at 11.71%.
                     dalam model sebesar 11,71%.

                     Pembalikan penurunan nilai aset telah diakui                The asset impairment was fully reversed as at
                     seluruhnya pada 31 Desember 2023.                           31 December 2023.


                10. UTANG USAHA                                             10. TRADE PAYABLES

                                                                2024                 2023

                      Pihak Berelasi (Catatan 30)                                                            Related Parties (Note 30)
                         Bagian lancar                          4,865,365            10,391,617                     Current portion
                         Bagian tidak lancar                    2,635,490             9,755,745                 Non-current portion

                                                                7,500,855            20,147,362

                      Pihak ketiga                                                                                      Third parties
                         Bagian lancar                         59,854,571            67,128,735                    Current portion
                         Bagian tidak lancar                    8,743,176            14,340,693                 Non-current portion

                                                               68,597,747            81,469,428

                                                               76,098,602           101,616,790




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                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/44 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                             31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                 (Expressed in US Dollars, unless otherwise stated)


                    10. UTANG USAHA (lanjutan)                                      10. TRADE PAYABLES (continued)

                            Utang usaha berdasarkan mata uang asal terdiri             Trade payables based on their original currencies
                            dari:                                                      consist of the following:

                                                                       2024                2023

                            Dolar AS                                   56,863,619          78,842,659                                US Dollars
                            Rupiah                                     16,906,366          21,447,204                                   Rupiah
                            Lainnya                                     2,328,617           1,326,927                                   Others

                                                                       76,098,602         101,616,790


                            Utang usaha terutama merupakan utang kepada                Trade payables mainly represent the outstanding
                            pemasok lokal dan asing untuk pembelian                    liabilities to local and foreign suppliers for purchases
                            persediaan.                                                of inventories.

                            Pada tanggal 31 Desember 2024, utang usaha                 As at 31 December 2024, the Group's long-term
                            jangka panjang grup merupakan utang usaha                  trade payables represent trade payables to several
                            kepada       beberapa    pemasok      yang     telah       vendors that have been restructured based on
                            direstrukturisasi berdasarkan negosiasi dengan             negotiations with the respective vendors. The
                            masing-masing pemasok. Selisih antara nilai wajar          difference between fair value and the book value of
                            dan nilai tercatat utang yang direstrukturisasi            the restructured trade payables amounting to
                            sebesar AS$0,81 juta (2023: AS$0,26 juta) dicatat          US$0.81 million (2023: AS$0.26 million) was
                            pada laporan laba rugi konsolidasian tahun berjalan.       recorded in the current year consolidated statement
                                                                                       of profit or loss.

                            Pada 31 Desember 2024, amortisasi dampak                   As at 31 December 2024, the amortisation of the
                            restrukturisasi utang sebesar AS$1 juta dicatat            impact of debt restructuring amounting to US$1
                            sebagai pendapatan lain-lain, bersih (2023:                million was recorded as other income, net (2023:
                            AS$1,60).                                                  US$1.60 million).

                            Penghasilan dari restrukturisasi utang usaha               Income from restructuring of trade payables
                            merupakan utang usaha sebesar AS$0,69 juta yang            amounting US$0.69 million which was cancelled by
                            tidak jadi ditagihkan oleh pemasok selama tahun            vendors in 2024 (2023: US$6.88 million).
                            2024 (2023: AS$6,88 juta).


                    11. AKRUAL                                                      11. ACCRUALS


                                                                       2024                2023

                                                                                                                       Purchase of inventories
                        Pembelian persediaan dan jasa                 30,540,577          39,645,695                         and services
                        Bonus dan tantiem                             10,480,550           3,959,821                     Bonuses and tantiem
                        Penalti dari kontrak                           6,400,000           3,775,782                    Penalty from contracts
                        Sewa dan konsesi                               1,597,512           2,525,104                    Rental and concession
                        Asuransi                                         251,434             817,889                                Insurance
                        Lain-lain (masing-masing                                                                           Others (each below
                            di bawah AS$ 1.000.000)                    1,811,382            4,684,209                      US$1,000,000)

                                                                      51,081,455          55,408,500



                            Lihat Catatan 30 untuk informasi mengenai pihak            Refer to Note 30 for details of related parties
                            berelasi.                                                  information.




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                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                           Lampiran - 5/45 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                         31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)             (Expressed in US Dollars, unless otherwise stated)


                12. PINJAMAN BANK JANGKA PENDEK                              12. SHORT-TERM BANK BORROWINGS


                                                               2024                 2023

                     Pihak ketiga:                                                                                    Third parties:
                        PT Bank Panin Tbk                                                                   PT Bank Panin Tb k
                          ("Panin")                                      -            194,603                      ("Panin")

                                                                         -            194,603



                    Panin                                                       Panin

                    Pada tanggal 28 Juni 2022, Grup memperoleh                  On 28 June 2022, the Group obtained overdraft loan
                    fasilitas pinjaman overdraft dengan jaminan                 facility with restricted deposits as collateral from
                    deposito yang dibatasi dari Panin dengan jangka             Panin with a maturity period until 28 June 2023. The
                    waktu jatuh tempo sampai dengan 28 Juni 2023.               facility has a maximum limit of Rp3,000,000,000.
                    Jumlah limit maksimum fasilitas ini sebesar
                    Rp3.000.000.000.

                    Pada tanggal 28 Juni 2023, Grup melakukan                   On 28 June 2023, the Group extended the credit
                    perpanjangan perjanjian kredit sampai dengan 28             agreement until 28 June 2024 with a total facility of
                    Juni 2024 dengan jumlah fasilitas sebesar                   Rp3,000,000,000 (equivalent to US$194,603).
                    Rp3.000.000.000 (setara dengan AS$194.603).

                    Pada tanggal 19 Maret 2024, Grup telah melunasi             On 19 March 2024, the Group has fully repaid all of
                    seluruh pinjamannya kepada Panin.                           its borrowings to Panin.

                    PT PPA Finance                                              PT PPA Finance

                    Pada 20 Desember 2023, Grup memperoleh                      On 20 December 2023, the Group obtained facility
                    fasilitas dari PT PPA Finance dengan fasilitas              from PT PPA Finance with a maximum facility
                    maksimum sebesar Rp20.000.000.000 (nilai penuh)             amounting to Rp20,000,000,000 (full amount) or
                    atau setara dengan AS$1.217.952. Jangka waktu               equivalent to US$1,217,952. The period facility is
                    fasilitas sampai dengan 19 Desember 2024. Tingkat           until 19 December 2024. The collateral for this
                    diskonto sebesar 14% dibebankan dari nilai piutang          facility is agreed invoices from Garuda. Discount
                    usaha.                                                      rate is 14% charged from trade receivables amount.

                    Sehubungan dengan perjanjian ini, Grup diwajibkan           In relation to this agreement, the Group has to
                    memenuhi persyaratan dimana nilai aset harus 0,5            comply with a requirement where it’s assets should
                    kali lebih besar dari nilai fasilitas. Grup telah           be 0.5 times greater than the facility. The Group has
                    memenuhi batasan yang diwajibkan dalam                      complied with the covenants in the agreement.
                    perjanjian.

                    Selama tahun berjalan, Grup melakukan pencairan             During the current year, the Group made drawdowns
                    dan pelunasan atas fasilitas tersebut. Tidak ada            and repayments on the facility. There were no
                    jumlah terutang per 31 Desember 2024 dan 2023.              outstanding amounts as of 31 December 2024 and
                                                                                2023.




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                                                        PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                             DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                     Lampiran - 5/46 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                    13. PINJAMAN JANGKA PANJANG                                        13. LONG-TERM BORROWINGS

                                                                         2024                   2023

                             Entitas berelasi dengan
                                 Pemerintah                                                                           Government related entities
                                 PT Bank Negara Indonesia                                                           PT Bank Negara Indonesia
                                   (Persero) Tbk ("BNI")                184,427,816            189,259,424            (Persero) Tbk ("BNI")
                                 PT Bank Rakyat Indonesia                                                           PT Bank Rakyat Indonesia
                                   (Persero) Tbk ("BRI")                130,545,333            135,674,545            (Persero) Tbk ("BRI")

                             Pihak ketiga:                                                                                            Third parties:
                                Maybank                                  34,701,893             36,154,809                            Maybank
                                PT Indonesia Infrastructure                                                         PT Indonesia Infrastructure
                                   Finance ("IIF")                       26,205,011             24,047,917                   Finance ("IIF")
                                CTBC                                     15,342,672             15,338,819                               CTBC

                                                                        391,222,725            400,475,514
                             Bagian jatuh tempo dalam
                                satu tahun                              (20,004,877)            (9,913,139)                      Current maturities

                             Bagian jangka panjang - setelah
                                dikurangi bagian jatuh tempo dalam                                                       Long-term portion - net of
                                satu tahun                              371,217,848            390,562,375                  current maturities



                            BNI                                                           BNI

                            a.    Fasilitas   kredit   investasi: Pembiayaan              a.    Investment credit facility: Finance development
                                  pengembangan kemampuan dan penambahan                         capability and increase capacity for aircraft
                                  kapasitas perawatan pesawat                                   maintenance

                                  Pada tanggal 28 April 2016, Grup memperoleh                   On 28 April 2016, the Group obtained an
                                  fasilitas kredit investasi dengan limit sebesar               investment credit facility with a limit of
                                  AS$42.000.000, yang jatuh tempo pada tanggal                  US$42,000,000, due on 28 April 2021 at a
                                  28      April  2021     dengan    suku   bunga                floating interest rate of three-month LIBOR plus
                                  mengambang sebesar LIBOR tiga bulanan                         3.5% per annum. On 16 July 2020, the facility
                                  ditambah 3,5% per tahun. Pada tanggal 16 Juli                 was extended to 27 April 2022.
                                  2020, fasilitas ini diperpanjang hingga 27 April
                                  2022.

                                  Pada     tanggal      24    Juni    2021,   Grup              On 24 June 2021, the Group signed an
                                  menandatangani         Persetujuan     Perubahan              Amendment of Restructuring Credit Facility with
                                  Perjanjian Kredit Restrukturisasi dengan BNI                  BNI, which revised certain terms and conditions
                                  yang mengubah beberapa syarat dan kondisi                     of the loan including a new schedule of
                                  dari pinjaman termasuk jadwal pembayaran                      repayments starting in July 2022, with a final
                                  yang baru mulai di Juli 2022 dengan batas akhir               maturity in May 2023. The overall amended
                                  pelunasan di Mei 2023. Fasilitas ini dikenakan                facilities were borne at a fixed interest rate of
                                  suku bunga tetap sebesar 3% per tahun sampai                  3% per annum up to June 2022 and at a
                                  dengan Juni 2022 dan suku bunga                               floating interest rate of three-month LIBOR plus
                                  mengambang LIBOR tiga bulanan ditambah                        3.5% per annum from July 2022 until the facility
                                  3,5% per tahun dari Juli 2022 sampai dengan                   becomes due. On 4 August 2022, the credit
                                  jatuh tempo fasilitas. Pada tanggal 4 Agustus                 was restructured.
                                  2022, kredit ini direstrukturisasi.




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                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                           Lampiran - 5/47 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                       31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)           (Expressed in US Dollars, unless otherwise stated)


                13. PINJAMAN JANGKA PANJANG (lanjutan)                     13. LONG-TERM BORROWINGS (continued)

                    BNI (lanjutan)                                            BNI (continued)

                    a.   Fasilitas   kredit   investasi:   Pembiayaan         a.   Investment credit facility: Finance development
                         pengembangan kemampuan dan penambahan                     capability and increase capacity for aircraft
                         kapasitas perawatan pesawat (lanjutan)                    maintenance (continued)

                         Pada tanggal 23 Oktober 2018, Grup                        On 23 October 2018, the Group obtained
                         memperoleh fasilitas kredit modal kerja lainnya           another working capital loan facility with a limit
                         sebesar AS$73.000.000, yang jatuh tempo                   of US$73,000,000, due on 23 October 2026 at
                         pada tanggal 23 Oktober 2026 dengan suku                  a floating interest rate of three-month LIBOR
                         bunga mengambang sebesar LIBOR tiga                       plus 3.05% per annum. On 24 June 2021, the
                         bulanan ditambah 3,05% per tahun. Pada                    Group signed an Amendment of Restructuring
                         tanggal 24 Juni 2021, Grup menandatangani                 Credit Facility with BNI, which revised certain
                         Persetujuan Perubahan Perjanjian Kredit                   terms and conditions of the loan including a
                         Restrukturisasi dengan BNI yang mengubah                  new schedule of repayments starting in July
                         beberapa syarat dan kondisi dari pinjaman                 2022 with a final maturity of August 2027. The
                         termasuk jadwal pembayaran yang baru mulai                overall amended facilities were borne at a fixed
                         di Juli 2022 dengan batas akhir pelunasan di              interest rate of 3% per annum up to June 2022
                         Agustus 2027. Fasilitas ini dikenakan suku                and at a floating interest rate of three-month
                         bunga tetap sebesar 3% per tahun sampai                   LIBOR plus 3.05% per annum from July 2022
                         dengan Juni 2022 dan suku bunga                           until the facility becomes due.
                         mengambang LIBOR tiga bulanan ditambah
                         3,05% dan per tahun dari Juli 2022 sampai
                         dengan jatuh tempo fasilitas.

                         Pada tanggal 4 Agustus 2022, Grup                         On 4 August 2022, the Group has signed an
                         menandatangani      perjanjian restrukturisasi            restructuring agreement with BNI, that
                         dengan BNI yang merestrukturisasi fasilitas               restructured investment credit facility amounting
                         kredit investasi sebesar AS$42.000.000 dan                to US$42,000,000 and working capital
                         modal kerja sebesar AS$73.000.000 menjadi                 amounting US$73,000,000 to a long-term loan
                         pinjaman jangka panjang Term Loan I dengan                facilities Term Loan I with certain terms and
                         beberapa syarat dan kondisi dari pinjaman                 conditions of the loan including a new schedule
                         termasuk jadwal pembayaran dengan batas                   of repayments with a final maturity of December
                         akhir pelunasan di Desember 2035. Fasilitas ini           2035. The overall amended facilities were
                         dikenakan suku bunga tetap sebesar 3% per                 borne at a fixed interest rate of 3% per annum
                         tahun sampai dengan jatuh tempo fasilitas dan             until the facility becomes due and a maximum
                         nilai maksimum sebesar AS$76.351.468.                     amount of US$76,351,468.

                         Sehubungan dengan perjanjian ini, Grup                    In relation to this agreement, the Group has to
                         diwajibkan memenuhi rasio keuangan cakupan                comply with financial ratio which debt service
                         utang 100%. Pada 31 Desember 2023, Grup                   coverage ratio of 100%. As at 31 December
                         telah mendapatkan pengesampingan kewajiban                2023, the Group has obtained waiver until 31
                         memenuhi rasio keuangan sampai 31                         December 2024. As at 31 December 2024, the
                         Desember 2024. Pada 31 Desember 2024,                     Group has complied with the covenant in the
                         Grup telah memenuhi batasan yang diwajibkan               borrowing agreement.
                         dalam perjanjian pinjaman tersebut.

                         Tidak ada indikasi bahwa Grup mungkin                     There is no indication that the Group may
                         mengalami      kesulitan  dalam     mematuhi              experience difficulty in complying with the
                         persyaratan ketika persyaratan tersebut akan              requirements when they are next tested at the
                         diuji berikutnya pada tanggal pelaporan 31                reporting date of 31 December 2025.
                         Desember 2025.

                         Pada 31 Desember 2024, nilai           tercatat           As at 31 December 2024, carrying amounts of
                         pinjaman sebesar AS$72.750.377.                           the borrowings amounted to US$72,750,377.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
532 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                           Integrated Report 2024
Page 533
                                                                                                                                  Laporan Keuangan
                                                                                                                                    Financial Report




                                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/48 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                    13. PINJAMAN JANGKA PANJANG (lanjutan)                          13. LONG-TERM BORROWINGS (continued)

                            BNI (lanjutan)                                             BNI (continued)

                            b.   Fasilitas kredit  investasi:   Pembiayaan             b.   Investment credit facility: Financing construction
                                 pembangunan hanggar dan peralatan hanggar                  for hangar and hangar equipment

                                 Pada tanggal 31 Mei 2013, Grup memperoleh                  On 31 May 2013, the Group obtained an
                                 fasilitas kredit investasi yang jatuh tempo pada           investment credit facility with maturity date of 26
                                 tanggal 26 November 2025, dengan nilai                     November 2025, with a maximum amount of
                                 maksimum sebesar Rp490.000.000.000 dan                     Rp490,000,000,000 and US$6,000,000, at a
                                 AS$6.000.000, yang dikenakan suku bunga                    floating interest rate of three-month LIBOR plus
                                 mengambang masing-masing sebesar LIBOR                     3.5% per annum and a fixed rate of 6% per
                                 tiga bulanan ditambah 3,5% per tahun dan suku              annum, respectively. The credit facility is
                                 bunga tetap 6% per tahun. Fasilitas kredit ini             intended to finance the construction of a new
                                 ditujukan untuk pembiayaan pembangunan                     hangar and hangar equipment.
                                 hanggar baru dan peralatan hanggar.

                                 Pada     tanggal    24    Juni   2021,     Grup            On 24 June 2021, the Group signed an
                                 menandatangani       Persetujuan    Perubahan              Amendment of Restructuring Credit Facility with
                                 Perjanjian Kredit Restrukturisasi dengan BNI               BNI, which revised certain terms and conditions
                                 yang mengubah beberapa syarat dan kondisi                  of the loan including a new schedule of
                                 dari pinjaman termasuk jadwal pembayaran                   repayments starting in July 2022 with a final
                                 yang baru mulai di Juli 2022 dengan batas akhir            maturity of December 2026. The overall
                                 pelunasan di Desember 2026. Fasilitas ini                  amended facilities were borne at a fixed interest
                                 dikenakan suku bunga tetap sebesar 3% per                  rate of 3% per annum up to June 2022 and at a
                                 tahun sampai dengan Juni 2022 dan suku                     floating interest rate of three-month LIBOR plus
                                 bunga mengambang masing-masing LIBOR                       3.5% and fixed interest rate 4.75% per annum
                                 tiga bulanan ditambah 3,5% dan suku bunga                  for US$ loan from July 2022 until the facility
                                 tetap 4,75% per tahun untuk pinjaman AS$ dari              becomes due, respectively.
                                 Juli 2022 sampai dengan jatuh tempo fasilitas.

                                 Pada tanggal 4 Agustus 2022, Grup                          On 4 August 2022, the Group has signed an
                                 menandatangani     perjanjian  restrukturisasi             restructuring agreement with BNI, that
                                 dengan BNI yang merestrukturisasi fasilitas                restructured investment credit facility amounting
                                 kredit investasi sebesar AS$31.591.164 dan                 to US$31,591,164 and US$6,000,000 to a long-
                                 AS$6.000.000 menjadi pinjaman jangka                       term loan facilities Term Loan II with certain
                                 panjang Term Loan II dengan beberapa syarat                terms and conditions of the loan including a
                                 dan kondisi dari pinjaman termasuk jadwal                  new schedule of repayments with a final
                                 pembayaran dengan batas akhir pelunasan di                 maturity of December 2035. The overall
                                 Desember 2035. Fasilitas ini dikenakan suku                amended facilities were borne at a fixed interest
                                 bunga tetap sebesar 3% per tahun sampai                    rate of 3% per annum until the facility becomes
                                 dengan jatuh tempo fasilitas dan nilai                     due     and     a    maximum        amount      of
                                 maksimum sebesar AS$20.335.704.                            US$20,335,704.

                                 Sehubungan dengan perjanjian ini, Grup                     In relation to this agreement, the Group has to
                                 diwajibkan memenuhi rasio keuangan cakupan                 comply with financial ratio which debt service
                                 utang 100%. Pada 31 Desember 2023, Grup                    coverage ratio of 100%. As at 31 December
                                 telah mendapatkan pengesampingan kewajiban                 2023, the Group has obtained waiver until 31
                                 memenuhi rasio keuangan sampai 31                          December 2024. As at 31 December 2024, the
                                 Desember 2024. Pada 31 Desember 2024,                      Group has complied with the covenant in the
                                 Grup telah memenuhi batasan yang diwajibkan                borrowing agreement.
                                 dalam perjanjian pinjaman tersebut.

                                 Tidak ada indikasi bahwa Grup mungkin                      There is no indication that the Group may
                                 mengalami      kesulitan   dalam    mematuhi               experience difficulty in complying with the
                                 persyaratan ketika persyaratan tersebut akan               requirements when they are next tested at the
                                 diuji berikutnya pada tanggal pelaporan 31                 reporting date of 31 December 2025. As at 31
                                 Desember 2025. Pada 31 Desember 2024, nilai                December 2024, carrying amounts of the
                                 tercatat pinjaman sebesar AS$19.004.703.                   borrowings amounted to US$19,004,703.




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                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                            Lampiran - 5/49 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                13. PINJAMAN JANGKA PANJANG (lanjutan)                      13. LONG-TERM BORROWINGS (continued)

                    BNI (lanjutan)                                             BNI (continued)

                    c.   Restrukturisasi pinjaman jangka pendek dan            c.     Restructuring short-term loan and factoring
                         liabilitas anjak piutang                                     liabilities

                         Pada     tanggal   24      Juni   2021,    Grup              On 24 June 2021, the Group signed an
                         menandatangani        Adendum         Perjanjian             Addendum Restructuring Agreement with BNI
                         Restrukturisasi     dengan        BNI      yang              that restructured US$30,000,000 working
                         merestrukturisasi fasilitas kredit modal kerja               capital credit facility and non-cash facility in the
                         sebesar AS$30.000.000 dan fasilitas non-tunai                form of Omnibus Sight Usance, UPAS LC and
                         berupa Omnibus Sight Usance, UPAS LC dan                     SKBDN from BNI with a maximum amount of
                         SKBDN dari BNI dengan jumlah maksimum                        US$67,500,000 to a long-term loan with certain
                         fasilitas sebesar AS$67.500.000 menjadi                      terms and conditions of the loan including a
                         pinjaman jangka panjang dengan beberapa                      new schedule of repayments starting in July
                         syarat dan kondisi dari pinjaman termasuk                    2022 with a final maturity of November 2027.
                         jadwal pembayaran yang baru mulai di Juli                    The overall amended facilities were borne at a
                         2022 dengan batas akhir pelunasan di                         fixed interest rate of 3% per annum up to June
                         November 2027. Fasilitas ini dikenakan suku                  2022 and at a floating interest rate of three-
                         bunga tetap sebesar 3% per tahun sampai                      month LIBOR plus 2.75% and three-month
                         dengan Juni 2022 dan suku bunga                              LIBOR plus 3.5% per annum from July 2022
                         mengambang masing-masing LIBOR tiga                          until the facility becomes due, respectively.
                         bulanan ditambah 2,75% dan LIBOR tiga
                         bulanan ditambah 3,5% per tahun dari Juli
                         2022 sampai dengan jatuh tempo fasilitas.

                         Pada tanggal 4 Agustus 2022, Grup                            On 4 August 2022, the Group has signed an
                         menandatangani      perjanjian restrukturisasi               restructuring agreement with BNI, that
                         dengan BNI yang merestrukturisasi fasilitas                  restructured working capital credit facility of
                         kredit modal kerja sebesar AS$30.000.000 dan                 US$30,000,000 and non-cash facility in the
                         fasilitas non-tunai berupa Omnibus Sight                     form of Omnibus Sight Usance, UPAS LC and
                         Usance, UPAS LC dan SKBDN sebesar                            SKBDN of US$67,448,998 million to a long-
                         AS$67.448.998 menjadi pinjaman jangka                        term loan facilities Term Loan III with certain
                         panjang Term Loan III dengan beberapa syarat                 terms and conditions of the loan including a
                         dan kondisi dari pinjaman termasuk jadwal                    new schedule of repayments with a final
                         pembayaran dengan batas akhir pelunasan di                   maturity of December 2035. The overall
                         Desember 2035. Fasilitas ini dikenakan suku                  amended facilities were borne at a fixed interest
                         bunga tetap sebesar 3% per tahun sampai                      rate of 3% per annum until the facility becomes
                         dengan jatuh tempo fasilitas dan nilai                       due     and     a    maximum      amount       of
                         maksimum sebesar AS$96.474.508.                              US$96,474,508.

                         Sehubungan dengan perjanjian ini, Grup                       In relation to this agreement, the Group has to
                         diwajibkan memenuhi rasio keuangan cakupan                   comply with financial ratio which debt service
                         utang 100%. Pada 31 Desember 2023, Grup                      coverage ratio of 100%. As at 31 December
                         telah mendapatkan pengesampingan kewajiban                   2023, the Group has obtained waiver until 31
                         memenuhi rasio keuangan sampai 31                            December 2024. As at 31 December 2024, the
                         Desember 2024. Pada 31 Desember 2024,                        Group has complied with the covenant in the
                         Grup telah memenuhi batasan yang diwajibkan                  borrowing agreement.
                         dalam perjanjian pinjaman tersebut.

                         Tidak ada indikasi bahwa Grup mungkin                        There is no indication that the Group may
                         mengalami     kesulitan   dalam     mematuhi                 experience difficulty in complying with the
                         persyaratan ketika persyaratan tersebut akan                 requirements when they are next tested at the
                         diuji berikutnya pada tanggal pelaporan                      reporting date of 31 December 2025.
                         31 Desember 2025.

                         Pada 31 Desember 2024, nilai            tercatat             As at 31 December 2024, carrying amounts of
                         pinjaman sebesar AS$92.672.736.                              the borrowings amounted to US$92,672,736.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
534 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                               Integrated Report 2024
Page 535
                                                                                                                                      Laporan Keuangan
                                                                                                                                        Financial Report




                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                     Lampiran - 5/50 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                     (Expressed in US Dollars, unless otherwise stated)


                    13. PINJAMAN JANGKA PANJANG (lanjutan)                           13. LONG-TERM BORROWINGS (continued)

                            BNI (lanjutan)                                              BNI (continued)

                            c.    Restrukturisasi pinjaman jangka pendek dan            c.     Restructuring short-term loan and factoring
                                  liabilitas anjak piutang (lanjutan)                          liabilities (continued)

                                  Semua fasilitas pinjaman BNI yang disebutkan                 All of the above-mentioned BNI loan facilities
                                  di atas dijamin dengan aset tetap yang dibiayai              are secured with fixed assets financed by these
                                  melalui fasilitas ini (Catatan 9).                           facilities (Note 9).

                                  Pada tanggal 15 September 2023 melalui Surat                 On 15 September 2023 through Letter No.
                                  No. COB3/5/567, BNI telah memberikan                         COB3/5/567, BNI has given approval for the
                                  persetujuan untuk proses pengikatan jaminan                  collateral binding process with a paripassu
                                  dengan porsi paripassu terkait dengan                        portion related to the BRI Credit Agreement
                                  perjanjian kredit BRI Adendum III Perjanjian                 Addendum III Credit Agreement No. 26 dated
                                  Kredit No. 26 tanggal 29 Desember 2023 (lihat                29 December 2023 (see Note 13 - BRI).
                                  Catatan 13 - BRI).

                            BRI                                                         BRI

                            a.    Fasilitas kredit modal kerja                          a.     Working capital credit facilities

                                  Pada tanggal 20 Mei 2020, Grup memperoleh                    On 20 May 2020, the Group obtained
                                  restrukturisasi untuk dua fasilitas kredit modal             restructuring for two working capital credit
                                  kerja dari BRI, dengan jumlah maksimum                       facilities from BRI, with a maximum amount of
                                  sebesar AS$50.993.901 dan AS$39.465.026                      US$50,993,901 and US$39,465,026 and a
                                  dan jatuh tempo pada tanggal 31 Mei 2024.                    maturity date on 31 May 2024. Interest rates
                                  Tingkat bunga sebesar 4,75% per tahun                        4.75% per annum were charged to the
                                  dibebankan ke saldo.                                         balances.

                                  Pada       tanggal 29    Juni  2021,    Grup                 On 29 June 2021, the Group signed an
                                  menandatangani        Adendum      Perjanjian                Addendum Restructuring Agreement with
                                  Restrukturisasi dengan BRI yang mengubah                     BRI, which revised certain terms and
                                  beberapa syarat dan kondisi dari pinjaman                    conditions      of the loan        including the
                                  termasuk jumlah maksimum fasilitas menjadi                   maximum facilities of US$47,168,901 and
                                  masing-masing        AS$47.168.901       dan                 US$36,502,526, respectively and a new
                                  AS$36.502.526 dan jadwal pembayaran yang                     schedule of repayments starting in 2023 with a
                                  baru mulai di tahun 2023 dengan batas akhir                  final maturity in 2030. The overall amended
                                  pelunasan di tahun 2030. Fasilitas ini                       facilities were borne at a fixed interest rate of
                                  dikenakan suku bunga tetap sebesar 3% per                    3% per annum up to December 2022 and at
                                  tahun sampai dengan Desember 2022 dan                        3.75% per annum until the facilities due.
                                  3,75% per tahun sampai dengan jatuh tempo
                                  fasilitas.

                                  Pada tanggal 30 Desember 2022, Grup telah                    On 30 December 2022, the Group received
                                  menerima surat pemberitahuan putusan                         notification letter regarding the redetermination
                                  mengenai penetapan kembali bunga fasilitas                   of interest on credit facilities. This facility borne
                                  kredit. Fasilitas ini dikenakan suku bunga tetap             a fixed interest rate of 3% per annum starting
                                  sebesar 3% per tahun yang berlaku mulai                      from January 2023 until the maturity due of the
                                  Januari 2023 sampai dengan jatuh tempo                       facilities.
                                  fasilitas.

                                  Pada tanggal 10 April 2023, Grup telah                       As at 10 April 2023, Group received offering
                                  menerima surat penawaran kredit nomor                        letter     of    credit    with     number
                                  R.II.82.CRO/COD/LAD/04/2023, Grup tidak lagi                 R.II.82.CRO/COD/LAD/04/2023, the Group has
                                  memiliki kewajiban untuk memenuhi rasio                      not obtained waiver for the financial ratio
                                  keuangan.                                                    covenants.




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                                              PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                              Lampiran - 5/51 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


                13. PINJAMAN JANGKA PANJANG (lanjutan)                        13. LONG-TERM BORROWINGS (continued)

                    BRI (lanjutan)                                               BRI (continued)

                    a.   Fasilitas kredit modal kerja (lanjutan)                 a.   Working capital credit facilities (continued)

                         Pada tanggal 29 Desember 2023, Grup                          On 29 December 2023, the Group signed an
                         menandatangani Adendum III Perjanjian Kredit                 Addendum III Credit Agreement No. 26 with
                         No. 26 dengan BRI atas fasilitas kredit modal                BRI, for working capital credit facilities with
                         kerja dengan jumlah maksimum fasilitas                       maximum facilities of US$47,168,901 and
                         AS$47.168.901 dan AS$36.502.526 serta                        US$36,502,526 and long-term loan with the
                         pinjaman jangka panjang dengan jumlah                        maximum facility of US$62,000,000 which new
                         maksimum fasilitas AS$62.000.000 dengan                      schedule of repayments started in 2023 with a
                         jadwal pembayaran dimulai di tahun 2023                      final maturity in 2035. This facility bears a fixed
                         dengan batas akhir pelunasan di tahun 2035.                  interest rate of 3% per annum until May 2030,
                         Fasilitas ini dikenakan suku bunga tetap                     interest rate of June 2030 until December 2035
                         sebesar 3% per tahun sampai dengan Mei                       will be adjusted to the prevailing interest rate at
                         2030, suku bunga Juni 2030 sampai dengan                     the bank.
                         Desember 2035 akan disesuaikan dengan suku
                         bunga yang berlaku di bank.

                         Adendum perjanjian restrukturisasi ini juga                  The addendum restructuring agreement also
                         menyatakan bahwa Grup akan memberikan                        stated that the Group will pledge collateral for
                         jaminan terkait fasilitas tersebut yang bersifat             these facilities which are cross-collateral with
                         cross collateral dengan fasilitas kredit dari                credit facilities from other creditors who have
                         kreditur lain yang memiliki hak pari-passu (BRI,             pari-passu rights (BRI, BNI, Maybank, CTBC,
                         BNI, Maybank, CTBC, dan IIF). Hal ini disetujui              and IIF). This have been approved on the
                         dalam Rapat Umum Pemegang Saham pada                         General Meeting of Shareholders as at 28 June
                         28 Juni 2024.                                                2024.

                         Pada 31 Desember 2024, nilai              tercatat           As at 31 December 2024, carrying amounts of
                         pinjaman sebesar AS$75.138.124.                              the borrowings amounted to US$75,138,124.

                    b.   Restrukturisasi pinjaman jangka pendek dan              b.   Restructuring short-term loan and factoring
                         liabilitas anjak piutang                                     liabilities

                         Pada     tanggal    29     Juni   2021,    Grup              On 29 June 2021, the Group signed an
                         menandatangani         Adendum        Perjanjian             Addendum Restructuring Agreement with BRI
                         Restrukturisasi      dengan       BRI      yang              that restructured Kredit Modal Kerja Impor
                         merestrukturisasi Kredit Modal Kerja Impor                   (“KMKI”), and Penangguhan Jaminan Impor
                         (“KMKI”) dan Penangguhan Jaminan Impor                       (“PJI”) in the form of Surat Kredit Berdokumen
                         (“PJI”) dalam bentuk Surat Kredit Berdokumen                 Dalam Negeri (“SKBDN”), Letter of Credit
                         Dalam Negeri (“SKBDN”), Letter of Credit                     (“LC”), Sight/Usance/Usance Payable at Sight
                         (“LC”), Sight/Usance/Usance Payable at Sight                 (“UPAS”) and Standby Letter of Credit (“SBLC”)
                         (“UPAS”) dan Standby Letter of Credit (“SBLC”)               amounting to US$28,000,000 and Supply Chain
                         sebesar AS$28.000.000 dan Supply Chain                       Financing (“SCF”) with a maximum facility
                         Financing (“SCF”) dengan fasilitas maksimum                  amount of US$34,000,000 to a long-term loan
                         sebesar AS$34.000.000 menjadi pinjaman                       with certain terms and conditions of the loan
                         jangka panjang dengan beberapa syarat dan                    including        the   maximum      facility   of
                         kondisi dari pinjaman termasuk jumlah                        US$62,000,000 million and a new schedule of
                         maksimum fasilitas menjadi AS$62.000.000                     repayments starting in 2023 with a final maturity
                         dan jadwal pembayaran yang baru mulai di                     in 2030. The overall amended facilities were
                         tahun 2023 dengan batas akhir pelunasan di                   borne at a fixed interest rate of 3% per annum
                         tahun 2030. Fasilitas ini dikenakan suku bunga               up to December 2022 and at 3.75% per annum
                         tetap sebesar 3% per tahun sampai dengan                     until the facility became due.
                         Desember 2022 dan 3,75% per tahun sampai
                         dengan jatuh tempo.




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                                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/52 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                    13. PINJAMAN JANGKA PANJANG (lanjutan)                          13. LONG-TERM BORROWINGS (continued)

                            BRI (lanjutan)                                             BRI (continued)

                            b.   Restrukturisasi pinjaman jangka pendek dan            b.   Restructuring short-term loan and factoring
                                 liabilitas anjak piutang                                   liabilities

                                 Pada tanggal 30 Desember 2022, Grup telah                  On 30 December 2022, the Group received
                                 menerima surat pemberitahuan putusan                       notification letter regarding the redetermination
                                 mengenai penetapan kembali bunga fasilitas                 of interest on credit facilities. This facility borne
                                 kredit. Fasilitas ini dikenakan suku bunga tetap           a fixed interest rate of 3% per annum starting
                                 sebesar 3% per tahun mulai periode Januari                 from January 2023 until the maturity due of the
                                 2023 sampai dengan jatuh tempo fasilitas.                  facility.

                                 Pada 31 Desember 2024, nilai            tercatat           As at 31 December 2024, carrying amounts of
                                 pinjaman sebesar AS$55.407.209.                            the borrowings amounted to US$55,407,209.

                            Maybank                                                    Maybank

                            Pada tanggal 6 Juli 2020, Grup memperoleh                  On 6 July 2020, the Group obtained restructurisation
                            restrukturisasi fasilitas kredit dengan skema              of credit facility with musyarakah scheme from short
                            musyarakah dari pinjaman jangka pendek menjadi             term loan to long term loan, with a maximum
                            pinjaman     jangka     panjang,    dengan jumlah          amount of US$37,273,000 and a maturity date of 20
                            maksimum sebesar AS$37.273.000 dan jatuh                   July 2023 at a fixed rate of 4.5% per annum. On 19
                            tempo pada tanggal 20 Juli 2023 dengan suku                August 2021, the Group signed an Addendum
                            bunga tetap sebesar 4,5% per tahun. Pada tanggal           Facility Agreement with Maybank, which revised
                            19 Agustus 2021, Grup menandatangani Adendum               certain terms and conditions of the loan, including a
                            Perjanjian Fasilitas dengan Maybank yang                   new schedule of repayments with a final maturity in
                            mengubah beberapa syarat dan kondisi dari                  July 2027.
                            pinjaman termasuk jadwal pembayaran dengan
                            batas akhir pelunasan di Juli 2027.

                            Pada tanggal 19 Juli 2022, Grup menandatangani             On 19 July 2022, Group has signed Addendum for
                            Adendum Perjanjian Fasilitas dengan Maybank                Credit Facility with Maybank, which revised certain
                            yang mengubah beberapa syarat dan kondisi dari             terms and conditions of the loan including a new
                            pinjaman termasuk jadwal pembayaran dengan                 schedule of repayments with a final maturity in
                            batas akhir pelunasan di Desember 2035. Fasilitas          December 2035. The overall facilities were borne at
                            ini dikenakan suku bunga tetap sebesar 2,5% per            a fixed interest rate of 2.5% per annum until
                            tahun sampai Desember 2027. Kenaikan 0,25% per             December 2027. Increase 0.25% per annum each
                            tahun untuk setiap tahun sampai dengan tanggal             year until the facilities becomes due.
                            jatuh tempo.

                            Sehubungan dengan perjanjian ini, Grup diwajibkan          In relation to this agreement, the Group has to
                            memenuhi rasio keuangan: (a) rasio lancar minimal          comply with the following financial ratios: (a)
                            1 kali; (b) rasio utang dengan modal maksimal 3            minimum current ratio of one times; (b) maximum
                            kali; (c) rasio cakupan utang 100%. Pada tanggal 31        debt to equity ratio of 3 times; and (c) debt service
                            Desember 2023, Grup mendapatkan surat dari                 coverage ratio of 100%. As at 31 December 2023,
                            Maybank untuk mengesampingkan kewajiban                    the Group obtained the letter from Maybank to
                            pemenuhan rasio keuangan sampai Desember                   waive the financial ratio until December 2024.
                            2024.

                            Pada tanggal 31 Desember 2024, Grup                        On 31 December 2024, the Group obtained the
                            mendapatkan   surat   dari   Maybank untuk                 letter from Maybank to waive the financial ratio until
                            mengesampingkan kewajiban pemenuhan rasio                  December 2025.
                            keuangan sampai Desember 2025.

                            Tidak ada indikasi bahwa Grup mungkin mengalami            There is no indication that the Group may
                            kesulitan dalam mematuhi persyaratan ketika                experience difficulty in complying with the
                            persyaratan tersebut akan diuji berikutnya pada            requirements when they are next tested at the
                            tanggal pelaporan 31 Desember 2025.                        reporting date of 31 December 2025.




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                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                           Lampiran - 5/53 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                        31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)            (Expressed in US Dollars, unless otherwise stated)


                13. PINJAMAN JANGKA PANJANG (lanjutan)                     13. LONG-TERM BORROWINGS (continued)

                    Maybank (lanjutan)                                        Maybank (continued)

                    Pada 31 Desember 2024, nilai tercatat pinjaman            As at 31 December 2024, carrying amounts of the
                    sebesar AS$34.701.893. Pada tanggal 29 Agustus            borrowings amounted to US$34,701,893. On 29
                    2023 melalui Surat No. S.2023.110/MBI/DIR                 August          2023           through          Letter
                    GLOBAL, Maybank telah memberikan persetujuan              No. S.2023.110/MBI/DIR GLOBAL, Maybank has
                    untuk proses pengikatan jaminan dengan porsi              given approval for the collateral binding process with
                    paripassu terkait dengan perjanjian kredit BRI            a paripassu portion related to the BRI Credit
                    Adendum III Perjanjian Kredit No. 26 tanggal 29           Agreement Addendum III Credit Agreement No. 26
                    Desember 2023 (lihat Catatan 13 - BRI).                   dated 29 December 2023 (see Note 13 - BRI).

                    IIF                                                       IIF

                    Pada tanggal 24 September 2018, Grup                      On 24 September 2018, the Group obtained a
                    memperoleh fasilitas kredit modal kerja dari IIF          working capital credit facility from IIF, with a
                    dengan nilai maksimum sebesar AS$35.000.000,              maximum amount of US$35,000,000, a maturity
                    yang jatuh tempo pada tanggal 23 September 2021           date period until 23 September 2021, and at a
                    dengan suku bunga mengambang sebesar LIBOR                floating interest rate of LIBOR plus 2.5% per annum.
                    ditambah 2,5% per tahun. Pada 16 Oktober 2020,            On 16 October 2020, the Group extended the
                    Grup memperpanjang tanggal jatuh tempo hingga             maturity date to 24 December 2022.
                    24 Desember 2022.

                    Pada tanggal 6 September 2021, Grup                       On 6 September 2021, the Group signed an
                    menandatangani Adendum Perjanjian Fasilitas               Addendum Facility Agreement with IIF, which
                    dengan IIF yang mengubah beberapa syarat dan              revised certain terms and conditions of the loan
                    kondisi dari pinjaman termasuk jadwal pembayaran          including a new schedule of repayments with a final
                    dengan batas akhir pelunasan di Juli 2026 dengan          maturity in July 2026 with floating interest rate of
                    suku bunga mengambang LIBOR ditambah 3,5%                 LIBOR plus 3.5% per annum and to waive the
                    per tahun serta mengesampingkan kewajiban                 financial ratio covenants until the loan due date.
                    memenuhi rasio keuangan sampai fasilitas jatuh
                    tempo.

                    Pada tanggal       1 September 2022, Grup                 On 1 September 2022, the Group signed an
                    menandatangani Adendum Perjanjian Fasilitas               Addendum Facility Agreement with IIF, which
                    dengan IIF yang mengubah beberapa syarat dan              revised certain terms and conditions of the loan
                    kondisi dari pinjaman termasuk jadwal pembayaran          including a new schedule of repayments with a final
                    dengan batas akhir pelunasan di Desember 2035             maturity in December 2035 with floating interest rate
                    dengan suku bunga mengambang LIBOR ditambah               of LIBOR plus 3.5% per annum. The total
                    3,5% per tahun. Total saldo pinjaman per 31               outstanding loan as at 31 December 2024
                    Desember 2024 sebesar AS$26.205.011 (2023:                amounted        to     US$26,205,011          (2023:
                    AS$24.047.917).                                           US$24,047,917).

                    Pada tanggal 15 Mei 2023, Grup mendapatkan                On 15 May 2023, the Group received a interest rate
                    perubahan suku bunga Perjanjian Fasilitas dengan          change of the Facility Agreement with IIF to Secured
                    IIF menjadi Secured Overnight Financing Rate              Overnight Financing Rate (“SOFR”) plus Credit
                    (“SOFR”) ditambah Credit Adjustment Spread (CAS)          Adjustment Spread (CAS) 0.1148% plus a margin of
                    0,1148% ditambah margin 3,5%.                             3.5%.

                    Sehubungan dengan perjanjian ini, Grup diwajibkan         In relation to this agreement, the Group has to
                    memenuhi rasio keuangan: (a) rasio lancar minimal         comply with the following financial ratios: (a)
                    1.1 kali; (b) rasio utang dengan modal maksimal 3         minimum current ratio of 1.1 times; (b) maximum
                    kali; (c) rasio cakupan utang 100%; (d) rasio hutang      debt to equity ratio of 3 times; and (c) debt service
                    (Debt) terhadapat EBITDA maksimal 3.5 kali. Pada          coverage ratio of 100%; (d) maximum debt ratio to
                    tanggal 31 Desember 2024, Grup mendapatkan                EBITDA of 3.5 times. As at 31 December 2024, The
                    pengesampingan kewajiban pemenuhan rasio                  Group has obtained waiver for the financial ratio
                    keuangan hingga 31 Desember 2028.                         covenants until 31 December 2028.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                                                Financial Report




                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                 Lampiran - 5/54 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                         31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)             (Expressed in US Dollars, unless otherwise stated)


                    13. PINJAMAN JANGKA PANJANG (lanjutan)                       13. LONG-TERM BORROWINGS (continued)

                            IIF (lanjutan)                                          IIF (continued)

                            Pada tanggal 30 Oktober 2023 melalui Surat No.          On 30 October 2023 through Letter No.
                            S.1829/X/IIF/2023,   IIF     telah    memberikan        S.1829/X/IIF/2023, IIF has given approval for the
                            persetujuan untuk proses pengikatan jaminan             collateral binding process with a paripassu portion
                            dengan porsi paripassu terkait dengan perjanjian        related to the BRI Credit Agreement Addendum III
                            kredit BRI Adendum III Perjanjian Kredit No. 26         Credit Agreement No. 26 dated 29 December 2023
                            tanggal 29 Desember 2023 (lihat Catatan 13 - BRI).      (see Note 13 - BRI).

                            Tidak ada indikasi bahwa Grup mungkin mengalami         There is no indication that the Group may
                            kesulitan dalam mematuhi persyaratan ketika             experience difficulty in complying with the
                            persyaratan tersebut akan diuji berikutnya pada         requirements when they are next tested at the
                            tanggal pelaporan interim 31 Maret 2025.                interim reporting date of 31 March 2025.

                            Pada 31 Desember 2024, nilai tercatat pinjaman          As at 31 December 2024, carrying amounts of the
                            sebesar AS$26.205.011.                                  borrowings amounted to US$26,205,011.

                            CTBC                                                    CTBC

                            Pada    tanggal     17   Januari  2023,     Grup        On 17 January 2023, the Group signed an
                            menandatangani Perjanjian Restrukturisasi dengan        Amendment Restructuring Agreement with CTBC,
                            CTBC, dimana fasilitas tersebut direstrukturisasi       which the facility was restructured to a long-term
                            menjadi pinjaman jangka panjang dengan jangka           loan with a final maturity date of 12 years until 2035.
                            waktu 12 tahun sampai dengan tahun 2035. Jumlah         The total amount of restructured facility is amounting
                            keseluruhan fasilitas yang telah direstrukturisasi      US$15,811,000. The overall amended facilities were
                            sebesar AS$15.811.000. Fasilitas ini dikenakan          borne at a floating interest rate of one-month SOFR
                            suku bunga mengambang SOFR satu bulanan                 plus 0.5% per annum until December 2025, plus
                            ditambah 0,5% per tahun sampai Desember 2025,           1.0% per annum until December 2030 and plus
                            ditambah 1,0% per tahun sampai Desember 2030            1.25% per annum until December 2035.
                            dan ditambah 1,25% per tahun sampai dengan
                            Desember 2035.

                            Sehubungan dengan perjanjian ini, Grup diwajibkan       In relation to this agreement, the Group has to
                            memenuhi rasio hutang (Debt) terhadap EBITDA            comply with financial ratio which minimum debt ratio
                            minimum 100%. Pada 31 Desember 2024, Grup               to EBITDA of 100%. As at 31 December 2024, the
                            telah memenuhi batasan yang diwajibkan dalam            Group has complied with the covenant in the
                            perjanjian pinjaman tersebut. Walaupun demikian,        borrowing agreement. However, The Group has
                            Grup     telah   mendapatkan     pengesampingan         obtained waiver for the financial ratio covenants until
                            kewajiban memenuhi rasio keuangan sampai 31             31 December 2025
                            Desember 2025.

                            Pada tanggal 29 Agustus 2023 melalui Surat No.          On 29 August 2023 through Letter No.
                            MKR/ECT/185/VIII/2023, CTBC telah memberikan            MKR/ECT/185/VIII/2023, CTBC has given approval
                            persetujuan untuk proses pengikatan jaminan             for the collateral binding process with a paripassu
                            dengan porsi paripassu terkait dengan perjanjian        portion related to the BRI Credit Agreement
                            kredit BRI Adendum III Perjanjian Kredit No. 26         Addendum III Credit Agreement No. 26 dated 29
                            tanggal 29 Desember 2023 (lihat Catatan 13 - BRI).      December 2023 (see Note 13 - BRI).

                            Tidak ada indikasi bahwa Grup mungkin mengalami         There is no indication that the Group may
                            kesulitan dalam mematuhi persyaratan ketika             experience difficulty in complying with the
                            persyaratan tersebut akan diuji berikutnya pada         requirements when they are next tested at the
                            tanggal pelaporan 31 Desember 2025.                     reporting date of 31 December 2025.

                            Pada 31 Desember 2024, nilai tercatat pinjaman          As at 31 December 2024, carrying amounts of the
                            sebesar AS$15.342.672.                                  borrowings amounted to US$15,342,672.




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                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                           Lampiran - 5/55 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


                14. PERPAJAKAN                                               14. TAXATION

                    a.   Pajak dibayar dimuka                                    a.   Prepaid taxes

                                                                  2024                 2023

                         Pajak Penghasilan badan:                                                              Corporate Income Tax:
                         Perusahaan                                                                                   The Company
                            Tahun 2024                            1,285,358                     -                      Year 2024
                            Tahun 2023                            1,558,064             1,558,046                      Year 2023
                            Tahun 2022                              851,193               851,211                      Year 2022
                            Tahun 2021                            2,140,235             1,802,131                      Year 2021

                                                                  5,834,850             4,211,388

                         Entitas anak                                                                                  Subsidiaries
                            Tahun 2024                                 404,551                 -                       Year 2024
                            Tahun 2023                                 506,751           409,231                       Year 2023
                            Tahun 2022                                       -           159,004                       Year 2022
                            Tahun 2021                                       -            81,575                       Year 2021
                            Tahun 2020                                       -           181,973                       Year 2020

                                                                       911,302           831,783

                                                                  6,746,152             5,043,171
                         Bagian jangka panjang                    (4,605,917)          (5,043,171)                Non-current portion

                         Bagian jangka pendek                     2,140,235                   -                       Current portion

                         Pajak lain-lain:                                                                               Other taxes:
                         Perusahaan                                                                                   The Company
                            Pajak Pertambahan
                              Nilai ("PPN")                      15,031,032             8,382,880       Value Added Taxes ("VAT")
                         Entitas anak                                                                                   Subsidiaries
                            PPN                                         10,715           154,145                            VAT

                                                                 15,041,747             8,537,025
                         Bagian jangka panjang                   (10,724,972)          (5,815,021)                Non-current portion

                         Bagian jangka pendek                     4,316,775             2,722,004                     Current portion


                    b.   Utang pajak                                             b.   Taxes payable

                                                                 2024                  2023

                         Pajak lain-lain:                                                                               Other taxes:
                         Perusahaan                                                                                   The Company
                            Pasal 21                              7,183,066            4,621,642                        Article 21
                            Pasal 23                                659,376              603,111                        Article 23
                            Pasal 4(2)                              460,298              216,542                      Article 4(2)
                            Pasal 26                                  6,039              119,840                        Article 26

                                                                  8,308,779            5,561,135

                         Entitas anak                                                                                   Subsidiaries
                            Pasal 21                                   735,318           356,042                        Article 21
                            Pasal 23                                     2,119            30,869                        Article 23
                            Pasal 4(2)                                   1,440             1,022                       Article 4(2)
                            PPN                                        696,284           540,075                              VAT

                                                                  1,435,161              928,008
                                                                  9,743,940            6,489,143




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
540 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                           Integrated Report 2024
Page 541
                                                                                                                                        Laporan Keuangan
                                                                                                                                          Financial Report




                                                        PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                             DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                       Lampiran - 5/56 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                    (Expressed in US Dollars, unless otherwise stated)


                    14. PERPAJAKAN (lanjutan)                                          14. TAXATION (continued)

                            c.   Manfaat pajak penghasilan                                 c.   Income tax benefit

                                                                             2024                2023

                                 Beban pajak kini                                   355               1,056                      Current tax expenses
                                 Manfaat pajak tangguhan                     (2,156,285)           (439,721)                      Deferred tax benefit

                                 Manfaat pajak penghasilan                   (2,155,930)           (438,665)                        Income tax benefit


                                 Rekonsiliasi     beban pajak    penghasilan                    Tax reconciliation of income tax expense
                                 diperhitungkan dengan mengalikan laba                          calculated by multiplying the consolidated
                                 konsolidasian sebelum pajak penghasilan                        income before tax using applicable tax rate and
                                 dengan tarif pajak yang berlaku dan beban                      income tax expenses consolidation is as
                                 pajak penghasilan konsolidasian adalah                         follows:
                                 sebagai berikut:

                                                                             2024                2023

                                 Laba konsolidasian sebelum pajak
                                    penghasilan                              24,744,115          19,730,024      Consolidated profit before income tax

                                 (Dikurangi)/ditambah:                                                                                  (Deduct)/add:
                                 Eliminasi konsolidasi                           90,308            (895,840)                Consolidation eliminations
                                 Rugi sebelum pajak
                                     penghasilan - entitas anak                 171,840           1,225,917      Loss before income tax - subsidiaries

                                 Laba sebelum pajak penghasilan -                                                            Profit before income tax -
                                    Perusahaan                               24,662,583          20,060,101                         The Company

                                 Beda temporer:                                                                               Temporary differences:
                                 Liabilitas imbalan kerja                       (48,658)          1,991,600                Employee benefits liabilities
                                 Penyusutan aset hak guna                       298,499           4,878,986        Depreciation of right-of-use assets
                                 Provisi penurunan nilai                                                                   Provision for impairment of
                                     aset kontrak dan piutang                   341,490           5,088,679      contract assets and receivables
                                 Pemulihan atas penurunan nilai aset                                                       Recovery for impairment of
                                     tetap                                            -          (8,183,096)                         fixed assets
                                 Penyusutan                                   1,929,803           1,870,950                               Depreciation

                                                                              2,521,134           5,647,119

                                 Beda permanen:
                                 Beban yang tidak dapat dikurangkan                                                           Permanent differences:
                                    secara pajak                             23,286,028          13,573,033                 Non-deductible expenses
                                 Bagian atas (untung)/rugi bersih                                                          Share of net (gain)/loss of
                                    entitas anak                                (90,308)            895,840                           subsidiaries
                                 Penghasilan keuangan yang dikenakan
                                    pajak final                                (679,516)           (272,577)        Income subject to final income tax

                                                                             22,516,204          14,196,296

                                                                                                                              Estimated tax income -
                                 Taksiran laba fiskal - Perusahaan           49,699,921          39,903,516                       The Company

                                 Pemanfaatan akumulasi rugi fiskal          (49,699,921)        (39,903,516)     Utilisation of accumulated tax losses

                                 Beban pajak penghasilan kini                                                                    Current tax expenses
                                    - Perusahaan                                       -                     -                    The Company -
                                    - Entitas anak                                  355                 1,056                       Subsidiaries -

                                 Beban pajak penghasilan kini
                                    konsolidasian                                   355                 1,056      Consolidated current tax expenses




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                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                          Lampiran - 5/57 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                                   FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                                   31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                       (Expressed in US Dollars, unless otherwise stated)


                14. PERPAJAKAN (lanjutan)                                                        14. TAXATION (continued)

                    c.    Manfaat pajak penghasilan (lanjutan)                                          c.    Income tax benefit (continued)

                          Perhitungan pajak penghasilan kini dilakukan                                        Current income tax computations are based on
                          berdasarkan estimasi penghasilan kena pajak.                                        estimated taxable income. The amounts may
                          Nilai tersebut mungkin disesuaikan saat SPT                                         be adjusted when annual tax returns are filed
                          tahunan disampaikan ke Direktorat Jenderal                                          with the Directorate General of Tax (“DGT”).
                          Pajak (“DJP”).

                          Rekonsiliasi antara beban pajak penghasilan                                         The reconciliation between the income tax
                          dengan jumlah pajak teoritis atas laba                                              expenses and the theoretical tax amount on the
                          konsolidasian sebelum pajak penghasilan                                             consolidated profit before income tax is as
                          adalah sebagai berikut:                                                             follows:

                                                                                 2024                           2023

                          Laba konsolidasian sebelum pajak
                             penghasilan                                         24,744,115                     19,730,024        Consolidated profit before income tax

                          Pajak penghasilan dihitung dengan
                             tarif pajak yang berlaku                             5,443,705                      4,340,605                   Income tax at applicable rate
                          Penghasilan yang dikenakan pajak final                   (149,494)                       (59,967)                     Income subject to final tax
                          Beban yang tidak dapat dikurangkan
                             secara pajak                                         5,122,926                      3,183,152                Non-deductible expenses
                          Pengakuan aset pajak tangguhan dari                                                               Recognition of previously unrecognised
                             akumulasi rugi pajak yang                                                                               deferred tax assets from
                             sebelumnya tidak diakui                            (12,648,195)                    (7,218,511)              accumulated tax loss
                          Aset pajak tangguhan yang tidak diakui                     75,128                       (683,944)     Unrecognised deferred tax assets

                          Manfaat pajak
                             penghasilan konsolidasian                           (2,155,930)                      (438,665)              Consolidated income tax benefit



                    d.    Aset pajak tangguhan                                                          d.    Deferred tax assets

                                                                                                2024
                                                                                                        (Dibebankan)
                                                                                                         dikreditkan/
                                                                                Dikreditkan/            pada laporan
                                                                               (dibebankan)             konsolidasian
                                                                               pada laporan             komprehensif
                                                                                 laba rugi                 lainnya/
                                                                              konsolidasian/             (Charged)/
                                                                                 Credited/               credited to
                                                             1 Januari/        (charged) to             consolidated     31 Desember/
                                                              January          consolidated            comprehensive      December
                                                                2024           profit or loss              income            2024

                     Perusahaan                                                                                                                                    The Company
                     Penyusutan                               (10,883,260)            424,557                (186,008)        (10,644,711)                            Depreciation
                     Penyusutan aset hak guna                  (7,641,259)          1,478,730                       -          (6,162,529)     Depreciation of right-of-use assets
                     Liabilitas sewa                            9,937,340          (1,413,060)                      -           8,524,280                          Lease liabilities
                     Liabilitas imbalan kerja                   6,100,252             (10,705)                 19,794           6,109,341            Employee benefits liabilities
                     Akumulasi kerugian pajak                   9,518,916           1,749,042                       -          11,267,958             Tax losses carried forward

                     Aset pajak tangguhan - bersih              7,031,989          2,228,564                 (166,214)         9,094,339                 Deferred tax assets - net

                     Entitas anak                                                                                                                                 The Subsidiary
                     Provisi atas penurunan nilai aset                                                                                        Provision for impairment of contract
                        kontrak dan piutang                       385,603             (72,634)                      -            312,969              assets and receivables

                     Aset pajak tangguhan - bersih              7,417,592          2,155,930                 (166,214)         9,407,308                 Deferred tax assets - net




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                                                                                                                                                                       Financial Report




                                                                 PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                               Lampiran - 5/58 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                                     31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                         (Expressed in US Dollars, unless otherwise stated)


                    14. PERPAJAKAN (lanjutan)                                                       14. TAXATION (continued)

                            d.   Aset pajak tangguhan (lanjutan)                                            d.       Deferred tax assets (continued)

                                                                                                         2023

                                                                                                                  Dikreditkan/
                                                                                                                 (dibebankan)
                                                                                         Dikreditkan/            pada laporan
                                                                                        (dibebankan)             konsolidasian
                                                                                        pada laporan             komprehensif
                                                                                          laba rugi                  lainnya/
                                                                                       konsolidasian/               Credited/
                                                                                          Credited/               (charged) to
                                                                       1 Januari/       (charged) to             consolidated     31 Desember/
                                                                        January         consolidated            comprehensive      December
                                                                          2023          profit or loss               income           2023


                                 Perusahaan                                                                                                                               The Company
                                 Penyusutan                             (11,164,940)           411,608                (129,928)      (10,883,260)                            Depreciation
                                 Penyusutan aset hak guna                (8,645,878)         1,004,619                       -        (7,641,259)     Depreciation of right-of-use assets
                                 Liabilitas sewa                          9,868,582             68,758                       -         9,937,340                          Lease liabilities
                                 Liabilitas imbalan kerja                 5,441,870            438,152                 220,230         6,100,252            Employee benefits liabilities
                                 Akumulasi kerugian pajak                11,228,922         (1,710,006)                      -         9,518,916             Tax losses carried forward

                                 Aset pajak tangguhan - bersih            6,728,556           213,131                   90,302        7,031,989                 Deferred tax assets - net

                                 Entitas anak                                                                                                                            The Subsidiary
                                 Provisi atas penurunan nilai aset                                                                                   Provision for impairment of contract
                                    kontrak dan piutang                     159,013           226,590                        -          385,603              assets and receivables

                                 Aset pajak tangguhan - bersih            6,887,569           439,721                   90,302        7,417,592                 Deferred tax assets - net




                                 Pada tanggal 31 Desember 2024, Grup tidak                                           As at 31 December 2024, the Group did not
                                 mengakui aset pajak tangguhan sebesar                                               recognise deferred tax assets amounting to
                                 AS$75 ribu (2023: aset pajak tangguhan                                              US$75 thousand (2023: deferred tax assets
                                 sebesar AS$0,68 juta), karena tidak terdapat                                        amounting to US$0.68 million), as it is uncertain
                                 kepastian bahwa jumlah laba fiskal pada masa                                        that future taxable profits will be available
                                 datang akan memadai untuk mengkompensasi                                            against which the temporary differences can be
                                 perbedaan temporer yang menimbulkan aset                                            utilised.
                                 pajak tangguhan tersebut.

                            e.   Surat ketetapan pajak                                                      e.       Tax assessment letters

                                 Tahun fiskal 2020                                                                   Fiscal Year 2020

                                 Pada bulan April 2023, Perusahaan menerima                                          In April 2023, the Company received Tax
                                 Surat Ketetapan Pajak lebih bayar atas Pajak                                        Assessment Letter confirming an overpayment
                                 Penghasilan Badan tahun pajak 2020 sebesar                                          of Corporate Income Tax fiscal year 2020
                                 Rp29,55 miliar (setara dengan AS$1,98 juta)                                         amounting to Rp29.55 billion (equivalent to
                                 dari klaim Rp29,55 miliar (setara dengan                                            US$1.98 million) out of the claimed Rp29.55
                                 AS$1,98     juta).   Perusahaan    menerima                                         billion (equivalent to US$1.98 million). The
                                 keputusan     ini   dan    telah   menerima                                         Company accepted the result and received the
                                 pengembalian pajak tersebut di bulan Mei                                            tax refund in May 2023.
                                 2023.




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                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                            Lampiran - 5/59 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                       31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)           (Expressed in US Dollars, unless otherwise stated)


                14. PERPAJAKAN (lanjutan)                                 14. TAXATION (continued)

                    e.   Surat ketetapan pajak (lanjutan)                     e.   Tax assessment letters (continued)

                         Tahun fiskal 2021                                         Fiscal Year 2021

                         Pada 3 April 2024, Perusahaan melakukan                   As at 3 April 2024, the Company made the first
                         pembetulan 1 SPT tahunan PPh badan tahun                  correction to the annual corporate income tax
                         2021 dengan lebih bayar sebesar Rp22,30                   return fiscal year 2021 with an overpayment of
                         miliar (ekuivalen AS$1,56 juta). Perusahaan               Rp22.30 billion (equivalent to US$1.56 million).
                         juga melakukan pembetulan SPT PPN Masa                    The Company also corrected the periodic VAT
                         Desember 2021 pada tanggal 8 April 2024                   tax return December 2021 on 8 April 2024, with
                         dengan lebih bayar sebesar Rp41,96 miliar                 an overpayment of Rp41.96 billion (equivalent
                         (ekuivalen AS$2,72 juta).                                 to US$2.72 million).

                         Pada 1 Agustus 2024, Perusahaan melakukan                 As at 1 August 2024, the Company made
                         pembayaran PPh pasal 22 impor dan PPN                     payments for import income tax article 22 and
                         impor tahun pajak 2021 masing-masing                      import value added taxes fiscal year 2021
                         sebesar Rp7,19 miliar (ekuivalen AS$0,44 juta)            amounting Rp7.19 billion (equivalent to
                         dan Rp27,81 miliar (ekuivalen AS$1,69 juta).              US$0.44     million)  and    Rp27.81    billion
                         Pembayaran pajak tersebut diajukan sebagai                (equivalent to US$1.69 million), respectively.
                         sebagai kredit pajak dalam pembetulan 2 SPT               The tax payments were claimed as tax credits
                         tahunan PPh badan tahun 2021 dan SPT PPN                  in the correction of annual Corporate Income
                         Masa Desember 2021 yang dilaporkan pada                   Tax return fiscal year 2021 and periodic VAT
                         Agustus 2024.                                             tax return December 2021 reported in August
                                                                                   2024.

                         Terkait dengan pembayaran PPh pasal 22                    Regarding the payment of Article 22 import
                         impor dan PPN impor tahun pajak 2021, maka                income tax and import value added taxes fiscal
                         nilai restitusi atas lebih bayar PPh yang                 year 2021, the amount of refund for the
                         diajukan Grup pada pembetulan SPT PPh                     overpayment of income tax submitted by the
                         badan kedua adalah sebesar Rp29,50 miliar                 Group in the second correction of the corporate
                         (ekuivalen AS$2,04 juta). Sedangkan untuk                 income tax return is Rp29.50 billion (equivalent
                         pembetulan kedua SPT PPN Masa Desember                    to US$2.04 million). Meanwhile, the amount of
                         2021 adalah sebesar Rp69,77 miliar (ekuivalen             tax return for the second correction of the
                         AS$4,32 juta).                                            periodic VAT tax return December 2021
                                                                                   amounting Rp69.77 billion (equivalent to
                                                                                   US$4.32 million).

                         Pada tanggal 7 November 2024, Perusahaan                  As at 7 November 2024, the Company received
                         menerima Surat Pemberitahuan Pemeriksaan                  an Audit Notification Letter no. S-368/RIKSIS/
                         Lapangan       no.S-368/RIKSIS/KPP.1904/2024              KPP.1904/2024 issued on 28 October 2024
                         yang diterbitkan tanggal 28 Oktober 2024 dari             from the DGT for the audit of fiscal year 2021.
                         DJP untuk audit tahun pajak 2021. Sampai                  As of the date the consolidated financial
                         dengan       tanggal     laporan    keuangan              statements were issued, the Company had not
                         konsolidasian diterbitkan, Perusahaan belum               yet received the tax audit results from the DJP.
                         menerima hasil audit pemeriksaan pajak dari
                         DJP.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/60 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                    14. PERPAJAKAN (lanjutan)                                     14. TAXATION (continued)

                            e.   Surat ketetapan pajak (lanjutan)                     e.     Tax assessment letters (continued)

                                 Tahun fiskal 2022                                           Fiscal Year 2022

                                 Pada tanggal 5 Februari 2025, Perusahaan                    On 5 February 2025, the Company made a
                                 melakukan pembetulan 1 SPT PPN Masa                         correction to the December 2022 VAT Period
                                 Desember 2022 dengan lebih bayar sebesar                    Tax Return with an overpayment of IDR 27.92
                                 Rp27,92 miliar (ekuivalen AS$1,73 juta).                    billion (equivalent to US$ 1.73 million). The
                                 Perusahaan juga melakukan pembetulan 2 SPT                  Company also made second corrections to the
                                 tahunan PPh Badan tahun 2022 dengan lebih                   annual Corporate Income Tax Returns for the
                                 bayar sebesar Rp12,09 miliar (ekuivalen                     year 2022 with an overpayment of IDR 12.09
                                 AS$831,81 ribu). Atas pembetulan SPT ini                    billion (equivalent to US$ 831.81 thousand).
                                 Perusahaan mengajukan restitusi, dan sampai                 Regarding these tax return corrections, the
                                 dengan      tanggal      laporan     keuangan               Company filed for a refund, and as of the date
                                 konsolidasian diterbitkan, Perusahaan belum                 the consolidated financial statements were
                                 menerima Surat Pemberitahuan Pemeriksaan                    issued, the Company had not yet received an
                                 Lapangan atas pengajuan restitusi tersebut.                 Audit Notification Letter regarding the refund
                                                                                             application.

                            f.   Administrasi                                         f.     Administration

                                 Berdasarkan Undang-Undang Perpajakan yang                   Under the taxation laws of Indonesia, each
                                 berlaku di Indonesia, tiap perusahaan di dalam              company within the Group submits tax returns
                                 Grup menghitung sendiri dan menyetorkan                     on the basis of self assessment. The DGT may
                                 besarnya jumlah pajak yang terutang. DJP                    assess or amend taxes within five years of the
                                 dapat menetapkan atau mengubah liabilitas                   time the tax becomes due.
                                 pajak tersebut dalam batas waktu lima tahun
                                 sejak saat terutangnya pajak.

                            g.   Aturan Model Pilar Dua Organization for              g.     Organization for Economic Cooperation and
                                 Economic Cooperation and Development                        Development (”OECD”) Pillar Two Model
                                 (”OECD”)                                                    Rules

                                 Peraturan Menteri Keuangan (“PMK”) No. PMK-                 The Ministry of Finance (“MoF”) Regulation No.
                                 136    Tahun     2024    (“PMK-136”)     telah              PMK-136 Tahun 2024 (“PMK-136”) was
                                 diundangkan di Indonesia, yurisdiksi dimana                 enacted in Indonesia, the jurisdiction in which
                                 tempat Perseroan didirikan, dan akan berlaku                the Company is incorporated, and will come
                                 mulai 1 Januari 2025. Dikarenakan PMK-136                   into effect from 1 January 2025. Since the
                                 belum efektif pada tanggal pelaporan, Grup                  PMK-136 was not effective at the reporting
                                 tidak memiliki eksposur atas pajak kini. Grup               date, the Group has no related current tax
                                 menerapkan pengecualian untuk mengakui dan                  exposure. The Group applies the exception to
                                 mengungkapkan informasi tentang aset dan                    recognise and disclose information about
                                 kewajiban pajak tangguhan terkait pajak                     deferred tax assets and liabilities related to
                                 penghasilan Pilar Dua, sebagaimana diatur                   Pillar Two income taxes, as provided in the
                                 dalam amendemen terhadap PSAK 212 “Pajak                    amendment to PSAK 212 “Income Taxes”
                                 Penghasilan” yang diterbitkan pada bulan                    issued in December 2023.
                                 Desember 2023.

                                 Grup sedang dalam proses menilai apakah                     The Group is in the process of assessing
                                 mereka termasuk dalam cakupan model Pilar                   whether they are within the scope of Pillar Two
                                 Dua dan terdapat eksposur terhadap PMK-136                  model and if there is any exposure to the PMK-
                                 saat PMK-136 diberlakukan. Dikarenakan                      136 for when PMK-136 comes into effect. Due
                                 kompleksitas dalam penerapan PMK-136 dan                    to the complexities in applying the PMK-136
                                 perhitungan pendapatan Global Anti-Base                     and calculating Global Anti-Base Erosion
                                 Erosion (“GloBE”), dampak kuantitatif dari                  (“GloBE”) income, the quantitative impact of the
                                 PMK-136 yang telah diundangkan belum dapat                  enacted PMK-136 is not yet reasonably
                                 diperkirakan secara wajar.                                  estimable.




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                                                           Lampiran - 5/61 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                      31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)          (Expressed in US Dollars, unless otherwise stated)


                15. LIABILITAS IMBALAN KERJA                              15. EMPLOYEE BENEFIT LIABILITIES

                    Grup menyediakan imbalan pasca-kerja berupa              The Group provides post-employment defined
                    program iuran pasti dan manfaat pasti dan imbalan        contribution plans, defined post-employment plans
                    kerja jangka panjang lain untuk karyawan yang            and other long-term benefits covering its qualifying
                    memenuhi persyaratan program.                            employees for each program.

                    a.   Imbalan pascakerja                                  a.   Post-employment benefits

                         Program iuran pasti                                      Defined contribution plan

                         Grup menyelenggarakan program pensiun                    The Group established a defined contribution
                         iuran pasti untuk seluruh karyawan tetapnya              pension plan for all of its qualifying their
                         yang memenuhi persyaratan. Program pensiun               permanent employees. The pension plan is
                         tersebut dikelola oleh Dana Pensiun Garuda               managed by Dana Pensiun Garuda Indonesia
                         Indonesia (“DPGA”), yang akta pendiriannya               (“DPGA”), whose Deed of Establishment was
                         telah disahkan oleh Menteri Keuangan Republik            approved by the Minister of Finance of the
                         Indonesia dengan Surat Keputusan No.                     Republic of Indonesia in his Decision Letter No.
                         KEP-403/KM.17/1999 tanggal 15 November                   KEP-403/KM.17/1999 dated 15 November
                         1999. Iuran dana pensiun berjumlah sama                  1999. The pension contributions are equivalent
                         dengan 8% dari gaji dasar karyawan dimana                to 8% of employees’ base salaries wherein 2%
                         sebesar 2% ditanggung karyawan dan sisanya               is assumed by the employees and the
                         ditanggung Grup.                                         difference is assumed by the Group.

                         Grup menyediakan imbalan pasca-kerja berupa              The Group provides post-employment defined
                         program iuran pasti dan manfaat pasti dan                contribution plans, defined post-employment
                         imbalan kerja jangka panjang lain untuk                  plans and other long-term benefits covering its
                         karyawan    yang   memenuhi     persyaratan              qualifying employees for each program.
                         program.

                         Sesuai dengan amandemen Perjanjian Kerja                 In accordance with the amendments to the
                         Bersama (“PKB”) dan Peraturan Grup (“PP”)                Cooperation Employee Agreement (“PKB”) and
                         pada tahun 2016, Grup menyelenggarakan                   the Group Regulation (“PP”) in 2016, the Group
                         tambahan program pensiun iuran pasti. Oleh               provides an additional defined contribution
                         karena      itu,   Grup    mengikutsertakan              pension plan. Accordingly, the Group enrolled
                         karyawannya dalam program pensiun iuran                  its employees in the defined contribution
                         pasti yang dikelola Dana Pensiun Lembaga                 pension program which is managed by Dana
                         Keuangan (“DPLK”) BNI.     Grup membayar                 Pensiun Lembaga Keuangan (“DPLK”) BNI.
                         kontribusi iuran sebesar 6% dari gaji dasar              The Group pays a contribution fee of 6% of
                         karyawan.                                                employees’ basic salaries.

                         Untuk tahun yang berakhir 31 Desember 2024,              For the year ended 31 December 2024,
                         beban iuran pasti yang diakui dalam beban                contribution expenses recognised under
                         pegawai sebesar AS$2,36 juta (2023: AS$3,10              employee expenses amounted to US$2.36
                         juta).                                                   million (2023: US$3.10 million).

                         Program imbalan pasti                                    Defined benefit plan

                         Grup memberikan imbalan kepada karyawan                  The Group provides benefits to its qualifying
                         yang memenuhi persyaratan sesuai dengan                  employees in accordance with the Group’s
                         kebijakan Grup yang telah sesuai dengan                  policies which are in compliance to applicable
                         peraturan yang berlaku terkait dengan tenaga             regulations related to manpower. The Group
                         kerja. Grup memperhitungkan akumulasi iuran              has to treat the accumulation of contributions
                         yang dibayar kepada DPGA sebagai pengurang               that have been paid to DPGA as deduction to
                         liabilitas program imbalan pasti sesuai dengan           the defined benefit plan obligations in
                         peraturan Grup.                                          accordance with the Group’s policies.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                                                                            Financial Report




                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                                  Lampiran - 5/62 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                                31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                    (Expressed in US Dollars, unless otherwise stated)


                    15. LIABILITAS IMBALAN KERJA (lanjutan)                                           15. EMPLOYEE BENEFIT LIABILITIES (continued)

                            b.    Imbalan kerja jangka panjang lain                                       b.     Other long-term benefits

                                  Grup memberikan imbalan kerja jangka                                           The Group provides other long-term benefits
                                  panjang lain berupa penghargaan kepada                                         such as awards to employees who have
                                  karyawan yang telah bekerja selama 20 tahun                                    already rendered 20 years of service (long
                                  (penghargaan masa bakti) sesuai dengan                                         service award) in accordance with the Group’s
                                  kebijakan Grup. Tidak terdapat pendanaan                                       policies. No funding has been made by
                                  yang disisihkan Grup terkait dengan imbalan                                    the Group in connection with this employment
                                  kerja ini.                                                                     benefit.

                            Pada tanggal 31 Desember 2024 dan 2023,                                       As at 31 December 2024 and 2023, the cost of
                            perhitungan imbalan kerja program imbalan pasti                               providing the defined benefit plan and other long-
                            dan imbalan kerja jangka panjang lain dihitung oleh                           term benefits has been calculated by Kantor
                            Kantor Konsultan Aktuaria Riana & Rekan, aktuaris                             Konsultan Aktuaria Riana & Rekan, an independent
                            independen, sesuai dengan laporan aktuari tanggal                             actuary, in accordance with the actuary report dated
                            14 Maret 2025 dengan menggunakan asumsi utama                                 14 March 2025, using the following key
                            sebagai berikut:                                                              assumptions:

                                                                                 2024                               2023

                            Tingkat diskonto                                    7.25%                               6.75%                                     Discount rate
                            Tingkat kenaikan gaji                                7.00%                              7.00%                     Future salary increment rate
                            Tingkat kematian                                  100% TMI4                          100% TMI4                                    Mortality rate
                            Tingkat cacat                                         10%                                10%                                     Disability rate
                            Tingkat pengunduran diri                     5% per tahun sampai                5% per tahun sampai                           Resignation rate
                                                                        usia 25 tahun menurun              usia 25 tahun menurun
                                                                       secara garis lurus sampai          secara garis lurus sampai
                                                                    1% per tahun pada usia 46 tahun    1% per tahun pada usia 46 tahun
                                                                        dan seterusnya konstan             dan seterusnya konstan
                                                                             1% per tahun/                      1% per tahun/
                                                                        5% p.a. until age 25 and           5% p.a. until age 25 and
                                                                         decreasing linearly to             decreasing linearly to
                                                                           1% p.a. at age 46                  1% p.a. at age 46
                                                                         and 1% p.a. thereafter             and 1% p.a. thereafter
                            Tingkat pensiun normal                           56 tahun/years                     56 tahun/years                      Normal retirement rate

                            Rata-rata durasi kewajiban imbalan pasti adalah                               The weighted average duration of the defined
                            16,10 tahun (2023: 15,72 tahun).                                              benefit obligation is 16.10 years (2023: 15.72
                                                                                                          years).

                            Jumlah kewajiban imbalan pascakerja yang diakui                               The amounts of the post-employment benefit
                            pada laporan posisi keuangan konsolidasian                                    obligation recognised in the consolidated statements
                            ditentukan sebagai berikut:                                                   of financial position are determined as follow:
                                                                                                       2024
                                                                                                 Imbalan kerja
                                                                                                      jangka
                                                                             Program                panjang
                                                                              imbalan                lainnya/
                                                                               pasti/                  Other
                                                                              Defined              long-term               Jumlah/
                                                                            benefit plan            benefits                Total

                            Nilai kini liabilitas imbalan kerja                 21,984,185             5,801,864            27,786,049             Present value obligation
                            Dikurangi:                                                                                                                               Less:
                            Liabilitas imbalan kerja
                                - lancar                                         (3,995,792)             (10,274)           (4,006,066)   Present value obligation - current

                            Nilai kini liabilitas imbalan kerja                                                                                    Present value obligation
                                - tidak lancar                                  17,988,393             5,791,590            23,779,983                       non-current -




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                                                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                        Lampiran - 5/63 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                (Expressed in US Dollars, unless otherwise stated)


                15. LIABILITAS IMBALAN KERJA (lanjutan)                                  15. EMPLOYEE BENEFIT LIABILITIES (continued)

                                                                                          2023
                                                                                    Imbalan kerja
                                                                                         jangka
                                                                  Program              panjang
                                                                   imbalan              lainnya/
                                                                    pasti/               Other
                                                                   Defined            long-term             Jumlah/
                                                                 benefit plan          benefits              Total

                    Nilai kini liabilitas imbalan kerja              22,912,271          4,816,145           27,728,416                   Present value obligation
                    Dikurangi:                                                                                                                              Less:
                    Liabilitas imbalan kerja
                        - lancar                                     (3,274,853)               -              (3,274,853)        Present value obligation - current

                    Nilai kini liabilitas imbalan kerja                                                                                   Present value obligation
                        - tidak lancar                               19,637,418          4,816,145           24,453,563                             non-current -



                    Mutasi kewajiban imbalan kerja adalah sebagai                              The movements in the employee benefit obligations
                    berikut:                                                                   are as follow:

                                                                                          2024
                                                                                    Imbalan kerja
                                                                                         jangka
                                                                   Program             panjang
                                                                    imbalan             lainnya/
                                                                     pasti/               Other
                                                                    Defined           long-term             Jumlah/
                                                                  benefit plan         benefits              Total


                     Nilai kini liabilitas imbalan kerja                                                                          Present value employee benefits
                         - awal tahun                                 22,912,271          4,816,145           27,728,416    obligation - at beginning of the year

                     Biaya jasa kini                                   1,823,346           525,665             2,349,011                     Current service cost
                     Biaya jasa masa lalu                                  7,183                 -                 7,183                       Past service cost
                     Beban bunga                                       1,440,483           315,047             1,755,530                        Interest expense
                     Pengukuran kembali                                        -           386,984               386,984                        Remeasurement

                     Dibebankan ke dalam laba rugi                                                                                       Charged to consolidated
                        konsolidasian (Catatan 22)                     3,271,012          1,227,696            4,498,708                profit or loss (Note 22)

                     Pengukuran kembali liabilitas                                                                                 Remeasurement on liabilities
                        akibat:                                                                                                                        due to:
                     - Penyesuaian pengalaman                            985,706                    -            985,706              Experience adjustment -
                     - Perubahan asumsi keuangan                        (895,734)                   -           (895,734)     Change in financial assumptions -

                     Dikreditkan ke dalam penghasilan                                                                            Credited to other comprehensive
                        komprehensif lain                                 89,972                    -            89,972                               income

                     Imbalan yang dibayarkan                          (3,229,626)                 -           (3,229,626)                      Benefit payments
                     Perubahan kurs                                   (1,059,444)          (241,977)          (1,301,421)           Foreign exchange differences

                     Gerakan lainnya                                  (4,289,070)          (241,977)          (4,531,047)                      Other movements

                     Nilai kini liabilitas imbalan                                                                               Present value employee benefits
                         kerja - akhir tahun                          21,984,185          5,801,864           27,786,049         obligation - at the end of year




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                                                                                                                                                   Laporan Keuangan
                                                                                                                                                     Financial Report




                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                               Lampiran - 5/64 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                              31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                  (Expressed in US Dollars, unless otherwise stated)


                    15. LIABILITAS IMBALAN KERJA (lanjutan)                                    15. EMPLOYEE BENEFIT LIABILITIES (continued)

                            Mutasi kewajiban imbalan kerja adalah sebagai                            The movements in the employee benefit obligations
                            berikut:                                                                 are as follow:

                                                                                                2023
                                                                                          Imbalan kerja
                                                                                               jangka
                                                                         Program             panjang
                                                                          imbalan             lainnya/
                                                                           pasti/               Other
                                                                          Defined           long-term             Jumlah/
                                                                        benefit plan         benefits              Total

                                                                                                                                   Present value employee benefits
                            Nilai kini liabilitas imbalan kerja                                                                       obligation - at beginning of
                                - awal tahun                                21,117,266         3,649,960           24,767,226                            the year

                            Biaya jasa kini                                  1,743,388           466,929            2,210,317                  Current service cost
                            Beban bunga                                      1,493,205           274,272            1,767,477                     Interest expense
                            Pengukuran kembali                                       -           364,321              364,321                     Remeasurement

                            Dibebankan ke dalam laba rugi                                                                                  Charged to consolidated
                               konsolidasian (Catatan 22)                    3,236,593         1,105,522            4,342,115             profit or loss (Note 22)

                            Pengukuran kembali liabilitas                                                                             Remeasurement on liabilities
                              akibat:                                                                                                                     due to:
                            - Penyesuaian pengalaman                           171,565                    -           171,565           Experience adjustment -
                            - Perubahan asumsi keuangan                        829,481                    -           829,481     Change in financial assumption -

                            Dikreditkan ke dalam penghasilan                                                                       Credited to other comprehensive
                               komprehensif lain                             1,001,046                    -         1,001,046                           income

                            Imbalan yang dibayarkan                         (2,866,501)                -            (2,866,501)                  Benefit payments
                            Perubahan kurs                                     423,867            60,663               484,530        Foreign exchange differences

                            Gerakan lainnya                                 (2,442,634)           60,663            (2,381,971)                  Other movements

                            Nilai kini liabilitas imbalan                                                                            Present value employee benefit
                                kerja - akhir tahun                         22,912,271         4,816,145           27,728,416      obligations - at the end of year




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                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                        Lampiran - 5/65 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                (Expressed in US Dollars, unless otherwise stated)


                15. LIABILITAS IMBALAN KERJA (lanjutan)                                       15. EMPLOYEE BENEFIT LIABILITIES (continued)

                    Asumsi aktuarial yang signifikan untuk penentuan                             Significant    actuarial    assumptions     for   the
                    liabilitas imbalan kerja adalah tingkat diskonto dan                         determination of liabilities for employee benefit are
                    kenaikan gaji yang diharapkan. Analisis sensitivitas                         discount rate and expected salary increase. The
                    di bawah ini ditentukan berdasarkan masing-masing                            sensitivity analyses below have been determined
                    perubahan asumsi yang mungkin terjadi pada akhir                             based on possible changes in the respective
                    periode pelaporan, dengan semua asumsi lain                                  assumptions occurring at the end of the reporting
                    konstan.                                                                     period, while holding all other assumptions constant.

                                                                      2024                                       2023
                                                                           Imbalan kerja                             Imbalan kerja
                                                       Program            jangka panjang          Program           jangka panjang
                                                     imbalan pasti/           lainnya/          imbalan pasti/          lainnya/
                                                        Defined           Other long-term          Defined          Other long-term
                                                      benefit plan           benefits            benefit plan          benefits
                    Tingkat diskonto                                                                                                                    Discount Rate
                       Tingkat diskonto +1%               (1,575,606)             (428,782)          (1,630,046)            (392,725)            Discount rate +1%
                       Tingkat diskonto -1%                1,834,633               473,678            1,820,546              436,271             Discount rate -1%
                    Tingkat kenaikan gaji                                                                                                Future salary increment rate
                       Tingkat kenaikan gaji +1%           1,971,177               366,079            1,948,418              356,342    Salary increment rate +1%
                       Tingkat kenaikan gaji -1%          (1,717,948)             (337,200)          (1,766,319)            (326,413)   Salary increment rate -1%




                    Analisis jatuh tempo yang diharapkan dari manfaat                            Expected maturity analysis of undiscounted pension
                    pensiun yang tidak terdiskonto adalah sebagai                                benefits is as follow:
                    berikut:

                                                                                         2024
                                                                 Kurang              1 sampai 5            Lebih dari
                                                               dari 1 tahun/           tahun/               5 tahun/
                                                                   Less               Between               Over 5
                                                               than a year           1-5 years               years

                    Program imbalan pasti                        3,995,792            10,490,568           172,737,159                        Defined benefit plan
                    Imbalan kerja jangka                                                                                                          Other long-term
                       panjang lainnya                                  10,274         1,219,325            20,303,648                                benefits

                    Saldo akhir                                  4,006,066            11,709,893           193,040,807                             Ending balance

                                                                                         2023
                                                                 Kurang              1 sampai 5            Lebih dari
                                                               dari 1 tahun/           tahun/               5 tahun/
                                                                   Less               Between               Over 5
                                                               than a year           1-5 years               years

                    Program imbalan pasti                        3,274,853            12,962,586           162,015,885                        Defined benefit plan
                    Imbalan kerja jangka                                                                                                          Other long-term
                       panjang lainnya                                       -            633,827           19,224,351                                benefits

                    Saldo akhir                                  3,274,853            13,596,413           181,240,236                             Ending balance




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                                                          PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                             Lampiran - 5/66 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                             31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                 (Expressed in US Dollars, unless otherwise stated)


                    16. SEWA                                                                     16. LEASES

                            a.   Aset hak guna yang diakui dalam laporan posisi                         a.   Right-of-use    asset   recognised      in   the
                                 keuangan konsolidasian                                                      consolidated statement of financial position

                                 Tabel berikut menunjukkan rincian aset hak                                  The table shows details of right-of-use assets in
                                 guna    dalam    laporan posisi   keuangan                                  the Group’s consolidated statement of financial
                                 konsolidasian Grup:                                                         position:

                                                                                                 2024

                                                           Saldo awal/                                                     Saldo akhir/
                                                           Beginning            Penambahan/             Pengurangan/         Ending
                                                            balance               Addition               Deduction          balance

                                 Biaya perolehan:                                                                                                       Acquisition cost:
                                 Bangunan dan prasarana         5,745,534              949,162               (4,582,538)        2,112,158      Building and improvements
                                 Tanah                         45,551,921              104,016                      -          45,655,937                            Land
                                 Peralatan dan                                                                                                           Warehouse tools
                                   perlengkapan bengkel         2,434,519                    -                        -         2,434,519               and equipments
                                 Peralatan kantor dan                                                                                                   Office equipments
                                   komputer                     2,638,269                  -                          -         2,638,269                and computers
                                 Kendaraan                            -              1,095,827                        -         1,095,827                          Vehicle

                                                               56,370,243            2,149,005               (4,582,538)       53,936,710

                                 Akumulasi penyusutan:                                                                                      Accumulated depreciation:
                                 Bangunan dan prasarana        (2,829,376)            (887,972)               2,082,972        (1,634,376)   Building and improvements
                                 Tanah                        (14,854,430)          (4,437,364)                     -         (19,291,794)                         Land
                                 Peralatan dan                                                                                                         Warehouse tools
                                   perlengkapan bengkel        (2,295,010)            (139,507)                       -         (2,434,517)           and equipments
                                 Peralatan kantor dan                                                                                                 Office equipments
                                   komputer                    (1,658,431)            (356,304)                       -         (2,014,735)            and computers
                                 Kendaraan                            -               (377,253)                       -           (377,253)                      Vehicle

                                                              (21,637,247)          (6,198,400)               2,082,972       (25,752,675)

                                 Nilai buku bersih             34,732,996           (4,049,395)              (2,499,566)       28,184,035                 Net book value



                                                                                                 2023
                                                           Saldo awal/                                                     Saldo akhir/
                                                           Beginning            Penambahan/             Pengurangan/         Ending
                                                            balance              Additions               Deductions          balance

                                 Biaya perolehan:                                                                                                       Acquisition cost:
                                 Bangunan dan prasarana         5,745,534                    -                        -         5,745,534      Building and improvements
                                 Tanah                         45,551,921                    -                        -        45,551,921                            Land
                                 Peralatan dan                                                                                                           Warehouse tools
                                   perlengkapan bengkel         2,434,519                    -                        -         2,434,519               and equipments
                                 Peralatan kantor dan                                                                                                   Office equipments
                                   komputer                     1,599,048            1,039,221                        -         2,638,269                and computers

                                                               55,331,022            1,039,221                        -        56,370,243

                                 Akumulasi penyusutan                                                                                         Accumulated depreciation
                                 Bangunan dan prasarana        (2,412,782)            (416,594)                       -        (2,829,376)     Building and improvements
                                 Tanah                        (10,469,073)          (4,385,357)                       -       (14,854,430)                           Land
                                 Peralatan dan                                                                                                           Warehouse tools
                                   perlengkapan bengkel        (1,781,427)            (513,583)                       -         (2,295,010)             and equipments
                                 Peralatan kantor dan                                                                                                   Office equipments
                                   komputer                    (1,368,295)            (290,136)                       -         (1,658,431)              and computers

                                                              (16,031,577)          (5,605,670)                       -       (21,637,247)

                                 Nilai buku bersih             39,299,445           (4,566,449)                       -        34,732,996                 Net book value




                                                                                                                                                                             551
                                                                                                                                          PT Garuda Maintenance
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                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                Lampiran - 5/67 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                              31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                  (Expressed in US Dollars, unless otherwise stated)


                16. SEWA (lanjutan)                                            16. LEASES (continued)

                         Tabel berikut menunjukkan rincian liabilitas                     The table shows details of lease liabilities in the
                         sewa dalam laporan posisi        keuangan                        Group’s consolidated statement of financial
                         konsolidasian Grup:                                              position:

                                                                       2024                  2023

                         Liabilitas sewa bruto                                                                          Gross lease liabilities
                            - pembayaran sewa                                                                             minimum lease -
                              minimum                                                                                             payment
                         Tidak lebih dari satu tahun                   10,973,925            14,962,108                Not later than one year
                         Lebih dari satu tahun dan kurang                                                     Over one year but no longer than
                            dari lima tahun                            36,511,734            49,065,692                            five years
                         Lebih dari lima tahun                         13,317,451            10,661,028                  Later than five years
                         Beban bunga di masa depan                    (15,532,261)          (22,557,212)              Future interest charges

                         Nilai kini liabilitas sewa                    45,270,849            52,131,616        Present value of lease liabilities

                         Nilai kini liabilitas sewa                                                            Present value of lease liabilities
                         Tidak lebih dari satu tahun                    6,624,431             9,778,332                Not later than one year
                         Lebih dari satu tahun dan kurang                                                     Over one year but no longer than
                            dari lima tahun                            25,881,150            32,313,326                            five years
                         Lebih dari lima tahun                         12,765,268            10,039,958                  Later than five years

                                                                       45,270,849            52,131,616

                         Dikurangi:                                                                                                        Less:
                         Bagian lancar                                 (6,624,431)           (9,778,332)                          Current portion

                         Bagian tidak lancar                           38,646,418            42,353,284                     Non-current portion


                         Rincian jumlah liabilitas sewa adalah sebagai                    Details of lease liabilities are as follow:
                         berikut:

                                                                       2024                   2023

                         Pihak berelasi (Catatan 30)                   43,610,438            50,210,105               Related parties (Note 30)
                         Pihak ketiga                                   1,660,411             1,921,511                            Third parties

                                                                       45,270,849            52,131,616



                    b.   Jumlah yang diakui dalam laporan laba/rugi                  b.   Amounts recognised in             the     consolidated
                         konsolidasian                                                    statement of profit or loss

                         Dalam laporan laba rugi konsolidasian, Grup                      In the consolidated statement of profit or loss,
                         mengakui beban depresiasi atas aset hak guna                     the Group recognised depreciation expense on
                         dan beban keuangan atas liabilitas sewa                          right-of-use assets and finance cost from the
                         masing-masing sebesar AS$6,19 juta dan                           lease liabilities amounting to US$6.19 million
                         AS$5,19 juta (2023: AS$5,61 juta dan AS$5,42                     and US$5.19 million, respectively (2023:
                         juta).                                                           US$5.61 million and US$5.42 million).

                         Grup mengakui beban yang berkaitan dengan                        The Group recognised expenses related short-
                         sewa aset jangka pendek, sewa aset bernilai                      term lease, low value asset and variable lease
                         rendah dan sewa variabel sebesar AS$2,52 juta                    amounting to US$2.52 million (2023: US$5.87
                         (2023: AS$5,87 juta). Pengeluaran kas untuk                      million). Payment for lease principal amounting
                         pembayaran pokok sewa adalah AS$7,47 juta                        to US$7.47 million (2023: US$5.89 million).
                         (2023: AS$5,89 juta).




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                                                                                                                                            Financial Report




                                                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                       Lampiran - 5/68 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                        (Expressed in US Dollars, unless otherwise stated)


                    17. MODAL SAHAM                                                      17. SHARE CAPITAL

                            Pemegang saham Grup pada tanggal 31 Desember                      The Group’s shareholders as at 31 December 2024
                            2024 dan 2023 adalah sebagai berikut:                             and 2023 were as follows:

                                                                                    2024 dan/and 2023
                                                                                       Persentase        Total modal
                                                                   Total saham/       kepemilikan/         disetor/
                                                                    Number of          Percentage       Total paid-up
                                                                      shares          of ownership         capital

                            Garuda                                 25,156,058,796            89.10%       195,806,416                               Garuda
                            PT Aero Wisata                            254,101,604             0.90%         1,977,843                      PT Aero Wisata
                            Andi Fahrurrozi (Direktur)                    144,400             0.00%             1,086             Andi Fahrurrozi (Director)
                            Pudjo Sarwoko (Direktur)                       89,200             0.00%               671             Pudjo Sarwok o (Director)
                            Irvan Pribadi (Direktur)                       62,800             0.00%               472               Irvan Pribadi (Director)
                            Masyarakat (masing-masing
                                 dibawah 5% dari jumlah)            2,823,054,700            10.00%        21,229,167   Public (each below 5% of the total)

                                                                   28,233,511,500           100.00%       219,015,655




                    18. TAMBAHAN MODAL DISETOR                                           18. ADDITIONAL PAID-IN CAPITAL


                                                                           2024                  2023

                            Tambahan modal disetor                          1,142,271             1,142,271                 Additional paid-in capital
                            Agio saham                                     62,932,264            62,932,264                         Share premium
                            Biaya emisi saham                              (1,813,319)           (1,813,319)                  Share pissuance cost
                            Pengampunan pajak                                 156,020               156,020                            Tax amnesty

                                                                           62,417,236            62,417,236



                            Tambahan modal disetor                                            Additional paid-in capital

                            Akun ini merupakan selisih antara jumlah diterima                 This account represents the difference between the
                            atas utang jangka panjang dari Garuda, pemegang                   amount received from a long-term loan from Garuda,
                            saham, di tahun 2013, dan nilai wajar dari liabilitas             a shareholder, in 2013, and fair value of the financial
                            keuangan sebesar Rp14.316.458.399 (setara                         liability amounting to Rp14,316,458,399 (equivalent
                            dengan AS$1.523.027) dikurangi pajak sebesar                      to US$1,523,027) net of tax amounting to
                            Rp3.579.114.600 (setara dengan AS$380.756).                       Rp3,579,114,600 (equivalent to US$380,756).

                            Agio saham                                                        Share premium

                            Agio saham berasal dari selisih antara harga                      Share premium arose from the difference between
                            penawaran saham sebesar Rp400 per saham dan                       the share offering price of Rp400 per share and the
                            nilai nominal sebesar Rp100 per saham pada saat                   nominal value of Rp100 per share at initial public
                            penawaran umum perdana Grup pada tahun 2017                       offering in 2017 with a total aggregate amount of
                            dengan        jumlah    keseluruhan     sebesar                   Rp847,005,346,925 (equivalent to US$62,932,264).
                            Rp847.005.346.925          (setara      dengan
                            AS$62.932.264).




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                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                            Lampiran - 5/69 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)               (Expressed in US Dollars, unless otherwise stated)


                18. TAMBAHAN MODAL DISETOR (lanjutan)                         18. ADDITIONAL PAID-IN CAPITAL (continued)

                    Pengampunan pajak                                            Tax amnesty

                    Grup mengikuti program Pengampunan Pajak                     The Group participated in a Tax Amnesty program
                    dengan telah menyampaikan Surat Pernyataan                   and submitted an Asset Declaration Letter (“SPH”)
                    Harta (“SPH”) kepada Menteri Keuangan Republik               for Tax Amnesty to the Finance Minister of the
                    Indonesia. Permohonan Pengampunan Pajak Grup                 Republic of Indonesia. The application for the Tax
                    telah disetujui oleh Direktorat Jenderal Pajak melalui       Amnesty of the Group was approved by the
                    Surat Keterangan Pengampunan Pajak No. KET-                  Directorate General of Taxes through Tax
                    280/PP/WPJ.19/2017 pada tanggal 3 April 2017.                Remission      Certificate       No.  KET-280/PP/
                    Grup membukukan aset pengampunan pajak                       WPJ.19/2017 dated 3 April 2017. The Group
                    sebesar Rp2.078.500.000 (setara AS$156.020).                 recorded tax amnesty assets amounting to
                    Tidak terdapat liabilitas pengampunan pajak.                 Rp2,078,500,000 (equivalent to US$156,020). There
                                                                                 is no tax amnesty liability recorded.

                    Kenaikan aset pengampunan pajak dicatat sebagai              An increase of tax amnesty assets recorded as
                    ”tambahan modal disetor” sebesar AS$156.020.                 “additional paid-in capital” amounted to US$156,020.


                19. RUGI KOMPREHENSIF LAIN                                    19. OTHER COMPREHENSIVE LOSS


                                                                2024                2023

                   Saldo awal tahun                             16,353,693          16,118,527                      At beginning of year
                   Keuntungan revaluasi aset tetap                (698,220)           (614,713)      Gain on revaluation of fixed assets
                   Pengukuran kembali imbalan                                                                  Remeasurement of post-
                       pasca kerja                                 89,972            1,001,046                   employment benefit
                   Pajak penghasilan terkait                      133,815              (84,993)                     Related income tax
                   Selisih kurs karena penjabaran                                                         Exchange differences due to
                       laporan keuangan                             21,631             (66,174)     financial statements translation

                                                                15,900,891          16,353,693




                20. CADANGAN UMUM                                             20. GENERAL RESERVE

                    Berdasarkan Undang-Undang Perseroan Terbatas                 Based on Limited Liability Company Law No.40
                    No.40 Tahun 2007. Grup wajib menyisihkan jumlah              Year 2007, the Group shall provide appropriation in
                    tertentu dari laba bersih setiap tahun buku untuk            certain amounts, of its net income in each year for
                    cadangan apabila saldo laba positif sampai                   the general reserve if there are available retained
                    cadangan tersebut mencapai paling sedikit 20% dari           earnings, until the general reserve reaches at least
                    jumlah modal yang ditempatkan dan disetor.                   20% of issued and paid-up capital.

                    Pada tanggal 31 Desember 2024 dan 2023, Grup                 As at 31 December 2024 and 2023, the Group has
                    telah membentuk cadangan umum sebesar                        established a statutory reserve balance amounting
                    AS$7.492.540 dari jumlah modal ditempatkan dan               to US$7,492,540 of its issued and paid-up capital.
                    disetor.




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                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                Lampiran - 5/70 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


                    21. PENDAPATAN                                                21. REVENUE

                                                                     2024               2023

                             Reparasi dan overhaul                  314,331,256        288,311,230                    Repair and overhaul
                             Perawatan                               84,801,965         65,275,499                      Line maintenance
                             Operasi lainnya                         22,089,965         19,620,255                       Other operations

                                                                    421,223,186        373,206,984

                            Berikut ini adalah rincian pendapatan usaha yang         Revenues from the following customers represent
                            melebihi 10% dari jumlah pendapatan (Catatan 30):        more than 10% of total revenues (Note 30):

                                                                     2024               2023

                             Garuda                                221,315,621         217,679,801                                Garuda
                             Citilink                               96,425,535          68,879,333                                 Citilink

                                                                   317,741,156         286,559,134




                    22. BEBAN PEGAWAI                                             22. EMPLOYEE EXPENSES

                                                                     2024               2023

                             Gaji dan tunjangan                     104,046,275         90,704,609                Salaries and allowances
                             Imbalan kerja (Catatan 15)               4,498,708          4,342,115            Employee benefits (Note 15)
                             Insentif                                 4,338,004          1,935,836                               Incentive
                             Biaya kontribusi dana pensiun            2,356,631          3,102,727           Pension contribution expense
                                 (Catatan 15a)                                                                              (Note 15a)
                             Lain-lain (masing-masing                                                                 Others (each below
                                 dibawah AS$1.000.000)                1,329,485          1,401,445                     US$1,000,000)

                                                                    116,569,103        101,486,732




                    23. BEBAN MATERIAL                                            23. MATERIAL EXPENSES

                                                                     2024               2023

                             Suku cadang repairable                  65,295,179         58,889,727                 Repairable spare parts
                             Suku cadang expendable                  38,707,768         29,908,342                Expendable spare parts
                             Kurir dan pengiriman                    12,051,897          8,347,543                     Courier and freight
                             Lain-lain (masing-masing                                                                       Others (each
                                 dibawah AS$1.000.000)                1,123,020            646,122               below US$1,000,000)

                                                                    117,177,864         97,791,734




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                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                              Lampiran - 5/71 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                24. BEBAN SUBKONTRAK                                            24. SUBCONTRACT EXPENSES



                                                                  2024                 2023

                     Komponen subkontrak                          99,565,037         105,117,288                Subcontract components
                     Jasa teknis dan penunjang                                                                     Technical and ground
                        penerbangan                                 825,940              494,134                   handling services

                                                                 100,390,977         105,611,422




                25. BEBAN OPERASIONAL                                           25. OPERATING EXPENSES

                                                                 2024                 2023

                    Pemeliharaan dan perbaikan                    3,619,654            3,298,217                Maintenance and repairs
                    Perjalanan dan transportasi                   3,054,677            1,762,070                Travel and transportation
                    Promosi                                       2,993,717            1,364,759                                Promotion
                    Sewa                                          2,515,191            5,870,424                                     Rental
                    Listrik, air, dan telepon                     1,941,897            2,728,616         Electricity, water, and telephone
                    Jasa profesional                              1,878,128              897,278                         Professional fees
                    Asuransi                                        886,327            1,364,946                                 Insurance
                    Importasi                                       195,703              791,285                                     Import
                    Lain-lain (masing-masing                                                                                  Others (each
                        dibawah AS$1.000.000)                     3,356,612            4,206,658               below US$1,000,000)

                                                                 20,441,906           22,284,253



                    Lihat Catatan 30 untuk rincian transaksi dengan                Refer to Note 30 for details of related parties
                    pihak berelasi.                                                transactions.


                26. BEBAN/(PENDAPATAN)             OPERASI      LAINNYA,        26. OTHER OPERATING EXPENSES/(INCOME), NET
                    BERSIH

                                                                  2024                2023



                     Penurunan nilai piutang usaha                                                    Impairment of trade receivables and
                         dan aset kontrak kepada pelanggan         6,355,927             851,534        contract assets to customers
                     (Pemulihan)/penurunan nilai persediaan                                          (Reversal)/impairment of inventories
                         (Catatan 7)                              (1,017,955)          5,290,252                              (Note 7)
                     Pemulihan nilai aset tetap                                                                Recovery of fixed assets
                         (Catatan 9)                                       -           (8,183,096)                            (Note 9)
                     Lain-lain (masing-masing                                                                                Others (each
                         dibawah AS$1.000.000)                      606,512                     -               below US$1,000,000)

                                                                   5,944,484           (2,041,310)




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/72 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                    27. BEBAN KEUANGAN                                              27. FINANCE COST

                                                                       2024                2023

                             Liabilitas sewa                            5,195,541           5,421,176                          Lease liabilities
                             Pinjaman                                  14,970,923          18,197,882                             Borrowings

                                                                       20,166,464          23,619,058




                    28. PENGHASILAN LAIN-LAIN, BERSIH                               28. OTHER INCOME, NET

                                                                       2024                2023

                             Keuntungan selisih kurs, neto              1,794,249           1,820,801            Foreign exchange gains, net
                             Pendapatan lain-lain                         270,327                   -                         Other income

                                                                        2,064,576           1,820,801


                    29. LABA PER SAHAM                                              29. EARNINGS PER SHARE

                            Laba per saham dasar dihitung dengan membagi               Basic earnings per share is calculated by dividing
                            laba yang dapat diatribusikan kepada pemilik entitas       profit attributable to owners of the parent by the
                            induk dengan jumlah rata-rata tertimbang saham             weighted average number of ordinary shares
                            biasa yang beredar pada periode atau tahun yang            outstanding during the period or years, respectively.
                            bersangkutan.

                            Berikut ini data yang digunakan untuk perhitungan          Below is the data used for the computation of basic
                            laba per saham dasar:                                      earnings per share:
                                                                       2024               2023

                            Laba yang dapat diatribusikan                                                      Profit attributable to owners of
                               kepada pemilik induk                   26,891,116          20,276,463                             the parent
                                                                                                               Weighted average number of
                            Rata-rata tertimbang jumlah saham                                                          outstanding share -
                               yang beredar - dasar dan dilusian   28,233,511,500     28,233,511,500                      basic and diluted

                                                                                                                        Earnings per share
                            Laba per saham - dasar dan dilusian           0.0010              0.0007                  basic and diluted -


                            Pada tanggal 31 Desember 2024 dan 2023, tidak              As at 31 December 2024 and 2023, there were no
                            ada efek yang berpotensi menjadi saham. Oleh               existing instruments which could result in the issue
                            karena itu, laba per saham dilusian sama dengan            of further shares. Therefore, diluted earnings per
                            laba per saham dasar.                                      share is equivalent to basic earnings per share.

                            Pada Januari 2025, Perusahaan mengalami                    In January 2025, the Company underwent a change
                            perubahan dalam struktur sahamnya sebagai bagian           in its share structure as part of a corporate action,
                            dari tindakan korporasi, sebagaimana diungkapkan           as disclosed in Note 39.
                            dalam Catatan 39.




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                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                  Lampiran - 5/73 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                        (Expressed in US Dollars, unless otherwise stated)


                30. SIFAT RELASI DAN TRANSAKSI                         DENGAN     30. NATURE    OF      RELATIONSHIP    AND
                    PIHAK-PIHAK BERELASI                                              TRANSACTIONS WITH RELATED PARTIES

                    Sifat relasi                                                        Nature of relationship

                    •   Garuda adalah entitas induk Grup.                               •    Garuda is the Group’s parent entity.

                    •   Seluruh entitas yang dikendalikan oleh Garuda                   •    All entities controlled by Garuda or where
                        serta entitas dimana Garuda memiliki pengaruh                        Garuda has significant influence are presented
                        signifikan disajikan sebagai pihak berelasi.                         as related parties.

                    •   Pemerintah   Republik            Indonesia  melalui             •    The Government of the Republic of Indonesia
                        Kementerian Keuangan              adalah pemegang                    represented by the Ministry of Finance is the
                        saham utama Garuda.                                                  majority stockholder of Garuda.

                    •   Seluruh entitas yang dimiliki dan dikendalikan                  •    All entities that are owned and controlled by the
                        oleh Kementerian Keuangan dan Kementerian                            Ministry of Finance and Ministry of State-owned
                        Badan Usaha Milik Negara Pemerintah Republik                         Enterprises of the Republic of Indonesia
                        Indonesia serta entitas dimana Kementerian                           including entities where the Ministry of Finance
                        Keuangan dan Kementerian Badan Usaha Milik                           and Ministry of State-owned Enterprises
                        Negara Pemerintah Republik Indonesia memiliki                        Republic of Indonesia have significant influence.
                        pengaruh signifikan.

                    •   Komisaris dan direksi merupakan manajemen                       •    Commissioners and directors are considered key
                        kunci.                                                               management personnel.

                    Saldo dan transaksi dengan pihak-pihak berelasi                     Balances and transactions with related parties

                                                                                                                  % terhadap Aset (Liabilitas)/
                                                                                  Jumlah/Total                     % to Assets (Liabilities)
                                                                           2024                   2023             2024                 2023

                        Kas dan setara kas/
                           Cash and cash equivalents
                           BNI                                              5,139,578             8,568,163
                           BRI                                              3,957,999             2,289,411
                           PT Bank Mandiri (Persero) Tbk ("Mandiri")          621,877             6,548,783
                           PT Bank Syariah Indonesia                          151,983               144,930
                           PT Bank Tabungan Negara (Persero) Tbk                1,752                    90
                           PT Bank Pembangunan Daerah Jawa Barat
                             dan Banten TK ("Bank BJB")                            28                    42

                                                                            9,873,217            17,551,419             2.33%                3.90%

                        Kas dan setara kas yang
                           dibatasi penggunaannya/
                           Restricted cash and cash equivalents
                           BNI                                               902,880                164,372
                           Mandiri                                               -                  194,603

                                                                             902,880                358,975             0.21%                0.08%
                        Piutang usaha/
                            Trade receivables
                            Citilink                                       45,852,094            39,352,403
                            Garuda                                         13,891,817            19,931,207
                            Lain - lain/Others                                724,897             2,068,491

                                                                           60,468,808            61,352,101            14.24%               13.63%




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
558 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                        Integrated Report 2024
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                                                                                                                                     Financial Report




                                                           PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                     Lampiran - 5/74 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                    30. SIFAT RELASI DAN TRANSAKSI                      DENGAN       30. NATURE      OF  RELATIONSHIP AND
                        PIHAK-PIHAK BERELASI (lanjutan)                                  TRANSACTIONS WITH RELATED PARTIES
                                                                                         (continued)

                            Saldo dan transaksi dengan pihak-pihak berelasi              Balances and transactions with related parties
                            (lanjutan)                                                   (continued)

                                                                                                                % terhadap Aset (Liabilitas)/
                                                                                   Jumlah/Total                   % to Assets (Liabilities)
                                                                            2024                   2023          2024                  2023

                            Aset kontrak/
                               Contract assets
                               Garuda                                       25,896,811             29,961,592
                               Citilink                                      1,559,123              9,776,933

                                                                            27,455,934             39,738,525         6.47%                8.83%

                            Utang usaha - bagian jangka pendek/
                               Trade payables - current portion
                               Garuda                                        2,035,569              1,889,989
                               Citilink                                      1,804,186                 94,429
                               PT Angkasa Pura Indonesia                       519,036              6,779,572
                               PT Aerotrans Services                           173,338                920,068
                               Gapura                                          104,094                414,292
                               Lain - lain/Others                              229,142                293,267

                                                                             4,865,365             10,391,617         0.71%                1.37%

                            Akrual/Accrual
                               Garuda                                        5,732,524              1,806,437
                               PT Aero Systems Indonesia                       310,547                292,868
                               PT Aerotrans Services Indonesia                 197,335                356,588
                               Lain - lain/Others                              570,333                956,201

                                                                             6,810,739              3,412,094         1.00%                0.45%

                            Utang usaha, bagian jangka panjang/
                               Trade payables, non current portion
                               PT Angkasa Pura Indonesia                     2,635,490              9,755,745         0.39%                1.28%

                                                                             2,635,490              9,755,745

                            Liabilitas sewa/Lease liabilities
                                PT Angkasa Pura Indonesia                   43,105,400             46,438,551
                                Garuda                                               -              3,771,554
                                Lain - lain/Others                             505,038                      -

                                                                            43,610,438             50,210,105         6.39%                6.60%

                            Pinjaman jangka panjang/
                                Long-term loans
                                BNI                                        184,427,816            189,259,424
                                BRI                                        130,545,333            141,658,833

                                                                           314,973,149            330,918,257        46.15%               43.47%




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                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/75 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                 31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                     (Expressed in US Dollars, unless otherwise stated)


                30. SIFAT RELASI DAN TRANSAKSI                       DENGAN        30. NATURE      OF  RELATIONSHIP AND
                    PIHAK-PIHAK BERELASI (lanjutan)                                    TRANSACTIONS WITH RELATED PARTIES
                                                                                       (continued)

                    Saldo dan transaksi dengan pihak-pihak berelasi                    Balances and transactions with related parties
                    (lanjutan)                                                         (continued)

                                                                                                              % terhadap Aset (Liabilitas)/
                                                                                 Jumlah/Total                   % to Assets (Liabilities)
                                                                          2024                  2023           2024                  2023
                    Liabilitas kontrak/Contract liabilities
                        Garuda                                            43,953,199            79,407,092
                        Citilink                                          17,646,127            10,149,125

                                                                          61,599,326            89,556,217          9.03%               11.77%

                                                                                                             % terhadap Beban keuangan/
                                                                                 Jumlah/Total                     % to Finance costs
                                                                          2024                  2023           2024                2023

                    Beban keuangan/Finance costs
                       BNI                                                 6,104,038             6,707,738
                       BRI                                                 4,640,335             5,248,643
                       Lain-lain/Others                                          -                 558,861

                                                                          10,744,373            12,515,242         65.09%               52.99%

                                                                                                               % terhadap Beban usaha/
                                                                                 Jumlah/Total                  % to Operating expenses
                                                                          2024                  2023           2024               2023

                    Beban usaha/Operating expenses
                       PT Angkasa Pura Indonesia                           8,294,962             7,922,960
                       PT Asuransi Jiwa Inhealth Indonesia                 4,901,811             4,680,824
                       PT Aerotrans Services Indonesia                     1,812,296             2,050,273
                       BPJS Kesehatan                                      1,581,267             1,547,240
                       PT PLN (Persero)                                    1,541,373             3,000,330
                       Garuda                                              1,517,443               740,719
                       Citilink                                            1,084,830                   -
                       PT Gapura Angkasa                                     674,256               384,711
                       PT Aero Systems Indonesia                             614,557               514,034
                       PT Telekomunikasi Indonesia (Persero) Tbk             194,402               377,469
                       Lain - lain/Others                                    860,780               241,034

                                                                          23,077,977            21,459,594          5.88%                6.21%




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
560 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                    Integrated Report 2024
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                                                                                                                                       Financial Report




                                                       PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/76 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                  31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                      (Expressed in US Dollars, unless otherwise stated)


                    30. SIFAT RELASI DAN TRANSAKSI                   DENGAN         30. NATURE      OF  RELATIONSHIP AND
                        PIHAK-PIHAK BERELASI (lanjutan)                                 TRANSACTIONS WITH RELATED PARTIES
                                                                                        (continued)

                            Pendapatan dari pihak berelasi dan manfaat                   Revenues from related parties and benefits to
                            pada Komisaris dan Direktur Grup                             the Commissioners and Directors of the Group

                            a.   Untuk tahun yang berakhir pada 31 Desember              a.     For the year ended 31 December 2024,
                                 2024, pendapatan dari pihak berelasi                           revenues from related parties constituted 78%
                                 merupakan 78% (2023: 77%) dari total                           (2023: 77%) of the total revenues.
                                 pendapatan.

                                 Rincian pendapatan dari pihak berelasi adalah                  The details of revenues from related parties are
                                 sebagai berikut:                                               as follows:


                                                                         2024                    2023

                                 Garuda                                221,315,621              217,679,801                              Garuda
                                 Citilink                               96,425,535               68,879,333                               Citilink
                                 PT Pertamina (Persero)                  7,221,829                      -                 PT Pertamina (Persero)
                                 PT PLN (Persero)                        1,489,890                  781,495                    PT PLN (Persero)
                                 PT Gapura Angkasa                         467,415                  292,393                  PT Gapura Angkasa
                                 Lain-lain                               1,676,004                      -                                Others

                                 Jumlah                                328,596,294              287,633,022                                  Total



                            b.   Grup menyediakan manfaat pada Komisaris                 b.     The Group provides benefits to the
                                 dan Direktur Grup sebagai berikut:                             Commissioners and Directors of the Group as
                                                                                                follows:

                                                                         2024                     2023
                                 Komisaris                                                                                         Commissioners
                                   Imbalan kerja jangka pendek              787,327                  829,508                Short term benefits
                                   Imbalan kerja                                                                               Other long-term
                                      jangka panjang lainnya                    72,817                  83,135             employee benefits

                                                                            860,144                  912,643
                                 Direksi                                                                                                 Directors
                                     Imbalan kerja jangka pendek          1,762,764                1,887,166                Short term benefits
                                     Imbalan kerja                                                                             Other long-term
                                       jangka panjang lainnya               247,858                  152,999               employee benefits

                                                                          2,010,622                2,040,165




                    31. INFORMASI SEGMEN                                            31. SEGMENT INFORMATION

                            Grup melaporkan segmen-segmen berdasarkan                    The Group’s reportable segments are based on its
                            jasa yang diberikan:                                         operating divisions:

                            a.   Jasa pemeliharaan dan perbaikan pesawat                 a.     Repair and maintenance airframe, engine and
                                 airframe, engine, dan component,                               component,
                            b.   Jasa pemeliharaan dan perbaikan pesawat line            b.     Line maintenance and technical ground
                                 maintenance dan technical ground handling,                     handling, and
                                 dan
                            c.   Operasi lainnya dari entitas anak.                      c.     Other operations from subsidiary.




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                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                              Lampiran - 5/77 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                                               FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                                                               31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                                   (Expressed in US Dollars, unless otherwise stated)


                31. INFORMASI SEGMEN (lanjutan)                                                            31. SEGMENT INFORMATION (continued)

                    Berikut ini adalah informasi segmen berdasarkan                                                 The following represents segment information based
                    segmen operasi:                                                                                 on the operating divisions:
                                                                                                          2024
                                                                                                                    Jumlah
                                                      Reparasi dan                       Operasi                   sebelum
                                                        overhaul/       Perawatan/       lain-lain/               eliminasi/
                                                         Repair            Line           Other                  Total before      Eliminasi       Jumlah/
                                                      and overhaul     maintenance      operations               elimination      Elimination       Total

                     PENDAPATAN SEGMEN                 314,331,256       84,801,965      24,983,207              424,116,428        (2,893,242)   421,223,186           SEGMENT REVENUES

                     LABA SEGMEN                        17,666,924       24,040,770         296,389                42,004,083                -     42,004,083              SEGMENT INCOME

                     Penghasilan keuangan                          -                -                 -                       -              -        337,803                   Finance income
                     Beban keuangan                                -                -                 -                       -              -    (20,166,464)                     Finance cost
                     Pendapatan lain-lain, bersih                  -                -                 -                       -              -      2,568,693                  Other income, net

                     Laba sebelum pajak                                                                                                            24,744,115                 Income before tax

                     INFORMASI LAINNYA ASET                                                                                                                      OTHER INFORMATION ASSETS
                     Aset tetap segmen                 146,578,794        2,101,273         413,754              149,093,821                 -    149,093,821                Segment assets
                     Aset tidak dapat dialokasi                  -                -               -                        -                 -    275,536,382              Unallocated assets

                     Total aset                                                                                                                   424,630,203                       Total assets

                     KEWAJIBAN                                                                                                                                                      LIABILITIES
                     Kewajian tidak dapat dialokasi                -                -                 -                       -              -    682,531,506               Unallocated liabilities

                     Penyusutan                         18,170,164         439,921           84,684                18,694,769                -     18,694,769                        Depreciation


                                                                                                          2023
                                                                                                                    Jumlah
                                                      Reparasi dan                       Operasi                   sebelum
                                                        overhaul/       Perawatan/       lain-lain/               eliminasi/
                                                         Repair            Line           Other                  Total before      Eliminasi       Jumlah/
                                                      and overhaul     maintenance      operations               elimination      Elimination       Total

                     PENDAPATAN SEGMEN                 288,311,230       65,275,499      21,203,324              374,790,053        (1,583,069)   373,206,984           SEGMENT REVENUES

                     LABA SEGMEN                        15,653,044       13,138,126       (1,089,770)              27,701,400                -     27,701,400              SEGMENT INCOME

                     Penghasilan keuangan                          -                -                 -                       -              -        238,867                   Finance income
                     Beban keuangan                                -                -                 -                       -              -    (23,619,058)                     Finance cost
                     Pendapatan lain-lain, bersih                  -                -                 -                       -              -     15,408,815                  Other income, net

                     Laba sebelum pajak                                                                                                            19,730,024                Income before teax

                     INFORMASI LAINNYA ASET                                                                                                                      OTHER INFORMATION ASSETS
                     Aset tetap segmen                 129,145,415        2,407,856         202,247              131,755,518                 -    131,755,518                Segment assets
                     Aset tidak dapat dialokasi                -                -               -                        -                   -    318,265,585              Unallocated assets

                     Total aset                                                                                                                   450,021,103                       Total assets

                     KEWAJIBAN                                                                                                                                                      LIABILITIES
                     Kewajian tidak dapat dialokasi            -                -                -                        -                  -    761,183,005               Unallocated liabilities

                     Penyusutan                         18,886,371        1,426,991          59,391                20,372,753                -     20,372,753                        Depreciation




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
562 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                                                               Integrated Report 2024
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                                                                                                                                     Laporan Keuangan
                                                                                                                                       Financial Report




                                                     PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                    Lampiran - 5/78 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                              31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                  (Expressed in US Dollars, unless otherwise stated)


                    32. PERIKATAN                                                     32. COMMITMENTS

                            a.   Grup memiliki bank garansi yang digunakan               a.     The Group has bank guarantees which were
                                 sebagai jaminan pelaksanaan pekerjaan. Bank                    used as work performance guarantees. The
                                 garansi dijamin dengan setara kas sebesar                      bank guarantees are secured with a cash
                                 AS$902.880 yang ditempatkan dalam rekening                     equivalent of US$902,880 which was placed in
                                 tersendiri.                                                    a separate account.

                            b.   Pada tanggal 31 Desember 2024, Perusahaan               b.     As at 31 December 2024, the Company signed
                                 memiliki perjanjian dengan Gandhi Automation                   an agreement with Gandhi Automation Pvt Ltd
                                 Pvt Ltd dan PT Cinco Jaya Perkasa untuk                        and PT Cinco Jaya Perkasa for the construction
                                 pembangunan pintu hanggar di Hanggar 1                         of hangar door in Hangar 1 wide-body aircraft.
                                 pesawat wide-body. Nilai masing-masing                         The total contracts amounting to US$1,805,964
                                 kontrak adalah sebesar AS$1.805.964 dan                        and US$1,718,057, respectively. The maximum
                                 AS$1.718.057. Jangka waktu maksimal untuk                      period of hangar door completion is no later
                                 penyelesaian pintu hanggar adalah tidak                        than July 2025.
                                 melewati Juli 2025.


                    33. MANAJEMEN PERMODALAN                                          33. CAPITAL MANAGEMENT

                            Dalam mengelola permodalannya, Grup senantiasa               In managing its capital, the Group safeguards its
                            mempertahankan kelangsungan usaha serta                      ability to continue as a going concern and to
                            memaksimalkan manfaat bagi pemegang saham                    maximise benefits to the shareholders and other
                            dan pemangku kepentingan lainnya.                            stakeholders.

                            Grup secara aktif dan rutin menelaah dan mengelola           The Group actively and regularly reviews and
                            permodalannya untuk memastikan struktur modal                manages its capital to ensure the optimal capital
                            dan pengembalian yang optimal bagi pemegang                  structure and return to the shareholders, taking into
                            saham, dengan mempertimbangkan efisiensi                     consideration the efficiency of capital use based on
                            penggunaan modal berdasarkan arus kas operasi                operating cash flows and capital expenditure and
                            dan belanja modal, serta mempertimbangkan                    also consideration of future capital needs.
                            kebutuhan modal di masa yang akan datang.

                            Sebagai dampak dari kerugian selama tahun                    As a result of the current year’s losses, the Group
                            berjalan, Grup memiliki ekuitas negatif pada tanggal         has a negative equity as at 31 December 2024. See
                            31 Desember 2024. Lihat Catatan 38 sehubungan                Note 38 related to the Group’s going concern and
                            dengan kelangsungan usaha Grup dan rencana                   management’s plan to maintain the Group’s ability to
                            manajemen untuk mempertahankan kelangsungan                  continue as a going concern.
                            usaha Grup.

                            Gearing ratio adalah sebagai berikut:                        The gearing ratio is as follows:

                                                                        2024                    2023

                             Pinjaman                                  391,222,725            400,670,117                                Debt
                             Kas dan setara kas                        (12,623,481)           (21,051,033)           Cash and cash aquivalents

                             Pinjaman - bersih                         378,599,244             379,619,084                                Net debt
                             Ekuitas                                  (257,901,303)           (311,161,902)                                Equity

                             Rasio pinjaman bersih
                                terhadap ekuitas                          -146.80%                -122.00%                  Net debt to equity ratio




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                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                              Lampiran - 5/79 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)               (Expressed in US Dollars, unless otherwise stated)


                34. MANAJEMEN RISIKO KEUANGAN                                  34. FINANCIAL RISK MANAGEMENT

                    Faktor risiko keuangan                                        Financial risk factors

                    Aktivitas Grup rentan terhadap berbagai risiko                The Group’s activities are exposed to a variety of
                    keuangan: risiko pasar (termasuk risiko nilai tukar           financial risks: market risk (including foreign
                    mata uang dan risiko tingkat bunga), risiko kredit            exchange risk and interest rate risk), credit risk and
                    dan risiko likuiditas. Program manajemen risiko               liquidity risk. The Group’s overall risk management
                    Grup secara keseluruhan dipusatkan pada pasar                 programme focuses on the unpredictability of
                    keuangan yang tidak dapat diprediksi dan Grup                 financial markets and seeks to minimise potential
                    berusaha untuk memperkecil efek yang berpotensi               adverse effects on the Group’s financial
                    merugikan kinerja keuangan Grup.                              performance.

                    Grup menggunakan berbagai metode untuk                        The Group uses various methods to measure the
                    mengukur risiko yang dihadapinya. Metode ini                  risk to which it is exposed. These methods include
                    meliputi analisis sensitivitas untuk risiko tingkat suku      sensitivity analysis in the case of interest rates,
                    bunga, nilai tukar dan risiko harga lainnya dan               foreign exchange and other price risks and aging
                    analisis umur piutang untuk risiko kredit.                    analysis for credit risk.

                    a.   Risiko pasar                                             a.   Market risk

                         (i)   Risiko nilai tukar mata uang asing                      (i)   Foreign exchange risk

                               Grup rentan terhadap risiko nilai tukar mata                  The Group is exposed to currency
                               uang yang timbul dari berbagai eksposur                       exchange risk arising from various non-
                               mata uang non-fungsional, terutama                            functional currency exposures, primarily
                               terhadap Rupiah. Risiko nilai tukar mata                      with respect to the Rupiah. Non-functional
                               uang non-fungsional timbul dari transaksi                     exchange      risk    arises from   future
                               komersial di masa depan serta aset dan                        commercial transactions and recognised
                               liabilitas yang diakui.                                       assets and liabilities.

                               Manajemen telah membuat kebijakan                             Management has set up a policy to require
                               untuk mengelola risiko nilai tukar mata                       companies within the Group to manage
                               uang non-fungsional terhadap mata uang                        their non-functional exchange risk against
                               fungsional Grup dalam Grup.                                   their functional currency.

                               Kebijakan berkaitan dengan risiko nilai                       The policy currently applied in connection
                               tukar yang saat ini dijalankan adalah                         with exchange rate risk is natural (i.e.
                               secara natural (tanpa lindung nilai) yaitu:                   without hedging), as follows:
                               •   Grup memanfaatkan peluang harga                           •    The Group takes advantage of
                                   pasar nilai tukar mata uang lainnya                            opportunities in the market prices of
                                   (multi-currency)     untuk      menutup                        other currencies (multi-currency) to
                                   kemungkinan risiko melemahnya nilai                            cover possible risk of weakening
                                   tukar     fungsional      dan      begitu                      value of the functional currency, and
                                   sebaliknya, sehingga secara natural                            vice versa. Thus, in a natural way, the
                                   risiko adanya pergerakan nilai tukar                           risks of non-functional currency
                                   mata uang non-fungsional bisa                                  exchange rate movements will be
                                   dikurangi. Transaksi valuta mata uang                          reduced. Currency transactions are
                                   bisa    dilakukan     dengan       selalu                      always conducted by considering the
                                   mempertimbangkan          kurs      yang                       exchange rates favourable to the
                                   menguntungkan Grup.                                            Group.
                               •   Grup     mengatur      risiko    dengan                   •    The Group manages the risk by
                                   berusaha menyelaraskan penerimaan                              matching receipt and payment in each
                                   dan pembayaran untuk setiap jenis                              individual currency.
                                   mata uang.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
564 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                               Integrated Report 2024
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                                                                                                                                                                        Laporan Keuangan
                                                                                                                                                                          Financial Report




                                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                                   Lampiran - 5/80 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                                           31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                               (Expressed in US Dollars, unless otherwise stated)


                    34. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                               34. FINANCIAL RISK MANAGEMENT (continued)

                            Faktor risiko keuangan (lanjutan)                                                     Financial risk factors (continued)

                            a.   Risiko pasar (lanjutan)                                                          a.      Market risk (continued)

                                 (i)   Risiko nilai               tukar   mata     uang         asing                     (i)    Foreign exchange risk (continued)
                                       (lanjutan)

                                       Pada tanggal 31 Desember 2024 dan                                                         As at 31 December 2024 and 2023, the
                                       2023, Grup memiliki aset dan liabilitas                                                   Group had monetary assets and liabilities
                                       moneter dalam mata uang non-fungsional                                                    denominated in non-functional currencies
                                       sebagai berikut:                                                                          as follows:
                                                                                                                  2024
                                                                              Rupiah/                Rupiah               Mata uang lain      Jumlah setara
                                                                                Rp                 (dalam AS$)/            (dalam AS$)/           AS$/
                                                                              Rupiah/                Rupiah              Other currencies         US$
                                                                                Rp                   (in US$)                (in US$)          Equivalents

                                       ASET                                                                                                                                         ASSETS

                                       Kas dan setara kas dan kas                                                                                                 Cash and cash equivalents
                                           dibatasi penggunaannya            156,804,451,290             9,702,045                  1,563          9,703,608         and restricted cash
                                       Piutang usaha                       1,055,201,804,363            65,289,061                    -           65,289,061              Trade receivables
                                       Piutang non-usaha                      43,173,114,226             2,671,273                    -            2,671,273          Non-trade receivables

                                       Total aset moneter                  1,255,179,369,879            77,662,379                  1,563         77,663,942          Total monetary assets

                                       LIABILITAS                                                                                                                               LIABILITIES
                                       Utang usaha                          (273,240,688,262)           (16,906,366)            (2,328,617)      (19,234,983)                Trade payables
                                       Akrual                               (389,549,518,182)           (24,102,804)                 4,325       (24,098,479)                      Accruals

                                       Total liabilitas moneter             (662,790,206,444)           (41,009,170)            (2,324,292)      (43,333,462)       Total monetary liabilities

                                       Aset moneter - bersih                592,389,163,435             36,653,209              (2,322,729)       34,330,480           Net monetary assets


                                                                                                                  2023
                                                                              Rupiah/                Rupiah               Mata uang lain      Jumlah setara
                                                                                Rp                 (dalam AS$)/            (dalam AS$)/           AS$/
                                                                              Rupiah/                Rupiah              Other currencies         US$
                                                                                Rp                   (in US$)                (in US$)          Equivalents

                                       ASET                                                                                                                                         ASSETS

                                       Kas dan setara kas dan kas                                                                                                 Cash and cash equivalents
                                           dibatasi penggunaannya            151,616,190,424             9,834,989                    395          9,835,384         and restricted cash
                                       Piutang usaha                       1,059,801,722,086            68,746,868                    -           68,746,868              Trade receivables
                                       Piutang non-usaha                      48,771,460,456             3,163,691                    -            3,163,691          Non-trade receivables

                                       Total aset moneter                  1,260,189,372,966            81,745,548                    395         81,745,943          Total monetary assets

                                       LIABILITAS                                                                                                                               LIABILITIES
                                       Utang usaha                          (330,630,096,864)           (21,447,204)            (1,326,927)      (22,774,131)                Trade payables
                                       Akrual                               (105,426,051,260)            (6,838,742)                   -          (6,838,742)                      Accruals

                                       Total liabilitas moneter             (436,056,148,124)           (28,285,946)            (1,326,927)      (29,612,873)       Total monetary liabilities

                                       Aset moneter - bersih                824,133,224,842             53,459,602              (1,326,532)       52,133,070           Net monetary assets




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                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                               Lampiran - 5/81 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                            31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                (Expressed in US Dollars, unless otherwise stated)


                34. MANAJEMEN RISIKO KEUANGAN (lanjutan)                       34. FINANCIAL RISK MANAGEMENT (continued)

                    Faktor risiko keuangan (lanjutan)                             Financial risk factors (continued)

                    a.   Risiko pasar (lanjutan)                                  a.   Market risk (continued)

                         (i)   Risiko nilai   tukar   mata     uang    asing           (i)   Foreign exchange risk (continued)
                               (lanjutan)

                               Pada tanggal 31 Desember 2024 dan                             As at 31 December 2024 and 2023,
                               2023, sensitivitas untuk perubahan 100                        sensitivity to a 100 base point change in
                               basis poin nilai tukar mata uang fungsional                   the exchange rate of functional currency
                               (AS$) terhadap saldo mata uang non-                           (US$) against significant outstanding non-
                               fungsional yang signifikan pada akhir                         functional currency at the end of the
                               periode pelaporan, dengan variabel lain                       reporting period, with other variables held
                               konstan terhadap laba setelah pajak Grup                      constant, of the Group’s profit after tax is
                               adalah sebagai berikut:                                       as follows:

                                                              Perubahan        Dampak terhadap laba
                                                                 kurs/         sebelum pajak/ Effect
                                                              Changes in        on profit before tax
                                                             currency rate      2024           2023

                               Rupiah                            1%             (266,337)     (199,690)                          Rupiah


                               Manajemen berpendapat bahwa analisis                          In management’s opinion, the sensitivity
                               sensitivitas   ini   bukan        merupakan                   analysis is not representative of the
                               representasi risiko nilai tukar mata uang                     inherent non-functional exchange risk
                               non-fungsional yang melekat karena                            because the year end exposure does not
                               eksposur pada akhir periode bukan                             reflect the exposure during the year. Sales
                               cerminan eksposur selama periode yang                         and purchases denominated in non-
                               bersangkutan. Pendapatan dan pembelian                        functional currency are dependent on the
                               dalam      mata    uang       non-fungsional                  fluctuations in volume of sales and
                               tergantung     pada     fluktuasi    volume                   purchases and use of cash and cash
                               penjualan     dan      pembelian       serta                  equivalents that can impact non-functional
                               penggunaan kas dan setara kas dapat                           currency denominated monetary items.
                               mengakibatkan perubahan akun moneter
                               dalam mata uang non-fungsional.

                               Apabila aset dan liabilitas dalam mata uang                   If the assets and liabilities in foreign
                               asing pada tanggal 31 Desember 2024                           currencies as at 31 December 2024, had
                               dijabarkan dengan menggunakan kurs                            been translated using the Bank Indonesia
                               tengah Bank Indonesia pada tanggal                            mid-rates as at 24 March 2025, the total
                               24 Maret 2025, maka aset bersih dalam                         net foreign currency assets of the Group
                               mata uang asing Grup akan menurun                             would decrease by US$0.71 million.
                               sebesar AS$0,71juta.

                               Grup menganalisis eksposur dari risiko                        The Group analyses its interest rate
                               bunga secara dinamis. Beberapa skenario                       exposure on a dynamic basis. Various
                               disimulasikan      dengan       beberapa                      scenarios are simulated taking into
                               pertimbangan seperti pembiayaan kembali,                      consideration the refinancing of existing
                               memperbaharui dari kondisi yang ada dan                       positions, and alternative financing. Based
                               alternatif lain pembiayaan. Berdasarkan                       on the above scenarios, the Group
                               skenario tersebut di atas, Grup mengelola                     manages its cash flow interest rate risk by
                               risiko arus kas dari suku bunga dengan                        refinancing borrowings at a lower interest
                               melakukan pembiayaan pinjaman dengan                          rate.
                               suku bunga yang lebih rendah.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
566 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                               Integrated Report 2024
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                                                                                                                                             Financial Report




                                                         PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                         Lampiran - 5/82 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                    31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                        (Expressed in US Dollars, unless otherwise stated)


                    34. MANAJEMEN RISIKO KEUANGAN (lanjutan)                               34. FINANCIAL RISK MANAGEMENT (continued)

                            Faktor risiko keuangan (lanjutan)                                  Financial risk factors (continued)

                            a.   Risiko pasar (lanjutan)                                       a.   Market risk (continued)

                                 (ii)   Risiko tingkat bunga                                        (ii) Interest rate risk

                                        Risiko suku bunga Grup terutama timbul                          The Group’s interest rate risk arises from
                                        dari pinjaman dalam mata uang Dolar AS                          long-term borrowing denominated in US
                                        dan Rupiah. Risiko suku bunga dari kas                          Dollars and Rupiah. The interest rate risk
                                        tidak signifikan dan semua instrumen                            on cash is not significant and all other
                                        keuangan lainnya tidak dikenakan bunga.                         financial instruments are not interest
                                        Pinjaman yang diterbitkan dengan tingkat                        bearing. Borrowings issued at variable
                                        bunga variabel mengekspos Grup terhadap                         rates expose the Group to cash flow
                                        risiko suku bunga arus kas.                                     interest rate risk.

                                        Berikut ini analisis sensitivitas, ditentukan                   The sensitivity analysis below was
                                        berdasarkan       eksposur     suku      bunga                  determined based on the exposure of the
                                        terhadap      liabilitas keuangan         yang                  financial liabilities to floating interest rates
                                        menggunakan suku bunga mengambang                               at the end of the reporting period. The
                                        pada akhir periode pelaporan. Analisis ini                      analysis is prepared assuming the amount
                                        disajikan     dengan     asumsi       liabilitas                of the liability outstanding at the end of the
                                        keuangan pada akhir periode pelaporan                           reporting period was outstanding for the
                                        masih beredar sepanjang periode, dengan                         whole period, with other variables held
                                        variabel lain konstan terhadap laba setelah                     constant, of the Group’s profit after tax.
                                        pajak Grup.

                                                                         Perubahan         Dampak terhadap laba
                                                                       tingkat suku/       sebelum pajak/ Effect
                                                                         Changes in         on profit before tax
                                                                        interest rate       2024           2023

                                        Suku bunga                                                                                          Interest rate
                                          Penguatan                         1%              3,912,227     4,004,755                     Strengthening

                            b.   Risiko kredit                                                 b.   Credit risk

                                 Risiko kredit yang dihadapi Grup adalah risiko                     The credit risk faced by the Group is the risk of
                                 ketidakmampuan dari debitur untuk memenuhi                         the inability of debtors to fulfill their financial
                                 liabilitas    keuangannya   sesuai    dengan                       obligations in accordance with the terms of the
                                 persyaratan-persyaratan yang telah disepakati                      agreement. This exposure derives mainly from
                                 bersama. Eksposur tersebut terutama berasal                        the risk of customers failing to fulfill their
                                 dari risiko pelanggan akan gagal memenuhi                          obligations.
                                 liabilitasnya.

                                 Semua kas di bank, deposito berjangka, dan                         All the cash in banks, time deposits and
                                 deposito      berjangka  yang      dibatasi                        restricted time deposits are placed in reputable
                                 penggunaannya ditempatkan di bank yang                             banks.
                                 memiliki reputasi baik.




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                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                            Lampiran - 5/83 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


                34. MANAJEMEN RISIKO KEUANGAN (lanjutan)                      34. FINANCIAL RISK MANAGEMENT (continued)

                    Faktor risiko keuangan (lanjutan)                            Financial risk factors (continued)

                    b.   Risiko kredit (lanjutan)                                b.    Credit risk (continued)

                         Grup memiliki tujuan untuk memperoleh                         The Group’s objective is to seek continual
                         pertumbuhan pendapatan yang berkelanjutan                     revenue growth while minimising losses
                         dengan meminimalkan kerugian yang terjadi                     incurred due to increased credit risk exposure.
                         karena eksposur risiko kredit. Karena itu Grup                Therefore, The Group has a Customer
                         memiliki kebijakan pembayaran pelanggan                       Remittance Policy to ensure that the
                         (Customer      Remittance      Policy)    untuk               transactions which generate income are carried
                         memastikan       bahwa      transaksi     yang                out with customers who have a good credit
                         menghasilkan pendapatan dilakukan dengan                      record, and establishment of credit limit term of
                         pelanggan yang mempunyai catatan kredit yang                  sales, maximum receivables and term of
                         baik, serta penentuan batasan kredit syarat                   payment in accordance with previous payment
                         penjualan, batasan piutang dan penentuan pola                 history.
                         pembayaran sesuai data perilaku pembayaran
                         sebelumnya.

                         Pendapatan usaha Grup terutama berasal dari                   The Group’s revenues come mostly from
                         pihak berelasi. Karena itu, Grup memiliki risiko              related parties. Therefore, The Group has
                         konsentrasi kredit yang signifikan terhadap                   allocated a significant concentration of credit
                         pihak berelasi tersebut.                                      risk to these related parties.

                         Pelanggan lain Grup sebagian besar terdiri dari               Most of the Group’s other customers consist of
                         Grup maskapai penerbangan yang beragam                        various domestic and overseas airline
                         dari dalam dan luar negeri. Grup memonitor                    companies. The Group regularly monitors the
                         secara berkala saldo piutang kepada pelanggan                 balance of receivables from such customers to
                         untuk mengurangi eksposur Grup terhadap                       minimise the Group’s exposure to impairment
                         piutang tidak tertagih.                                       losses.

                         Nilai tercatat aset keuangan pada laporan                     The carrying amount of financial assets
                         keuangan konsolidasian setelah dikurangi                      recorded in the consolidated financial
                         dengan penyisihan penurunan nilai yang                        statements, net of any allowance for impairment
                         mencerminkan eksposur maksimum risiko                         losses represents the maximum credit risk
                         kredit pada tanggal pelaporan adalah sebagai                  exposure at the reporting date are as follows:
                         berikut:

                                                                 2024                  2023

                         Aset keuangan - pinjaman                                                                 Financial assets - loans
                            yang diberikan dan piutang                                                                and receivables
                            Kas dan setara kas                   12,623,481            21,051,033           Cash and cash equivalents
                            Kas dan setara kas yang                                                                   Restricted cash
                                 dibatasi penggunaannya             902,880               358,975            and cash equivalents
                            Piutang usaha                        64,514,720            72,046,932                   Trade receivables
                            Aset kontrak                         41,420,649            50,704,629                     Contract assets
                            Piutang non-usaha                     2,671,273             3,163,691                   Other receivables

                         Jumlah                                 122,133,003           147,325,260                                    Total



                         Jumlah tercatat dari piutang di atas merupakan                The carrying amount of the above receivables
                         eksposur maksimum risiko kredit Grup.                         represents the Group’s maximum exposure to
                                                                                       credit risk.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                               PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                                 Lampiran - 5/84 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                                     31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                         (Expressed in US Dollars, unless otherwise stated)


                    34. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                             34. FINANCIAL RISK MANAGEMENT (continued)

                            Faktor risiko keuangan (lanjutan)                                                   Financial risk factors (continued)

                            c.   Risiko likuiditas                                                              c.    Liquidity risk

                                 Risiko likuiditas merupakan risiko yang muncul                                       Liquidity risk is defined as a risk that arises in
                                 dalam situasi dimana posisi arus kas Grup                                            situations where the cash inflow from short-term
                                 mengindikasikan bahwa arus kas masuk dari                                            revenue is not enough to cover the cash outflow
                                 pendapatan jangka pendek tidak cukup untuk                                           of short-term expenditure. The Group faced
                                 memenuhi arus kas keluar untuk pengeluaran                                           liquidity issues and deferred the payment of
                                 jangka pendek. Grup mengalami permasalahan                                           certain past due liabilities. See Note 38 related
                                 likuiditas dan melakukan penundaan atas                                              to     the    Group’s     going   concern     and
                                 pembayaran berbagai liabilitas yang telah jatuh                                      management’s plan to maintain the Group’s
                                 tempo. Lihat Catatan 38 sehubungan dengan                                            ability to continue as a going concern.
                                 kelangsungan usaha Grup dan rencana
                                 manajemen          untuk      mempertahankan
                                 kelangsungan usaha Grup.

                                 Tabel dibawah ini menganalisa liabilitas                                             The table below analyses the Group’s financial
                                 keuangan Grup pada tanggal pelaporan                                                 liabilities at the reporting date into relevant
                                 berdasarkan kelompok jatuh temponya dari sisa                                        maturity groupings based on the remaining
                                 periode hingga tanggal jatuh tempo kontraktual.                                      period to the contractual maturity date. The
                                 Jumlah yang diungkapkan dalam tabel ini                                              amounts disclosed in the table represent
                                 adalah nilai arus kas kontraktual yang tidak                                         contractual undiscounted cash flows including
                                 terdiskonto termasuk estimasi pembayaran                                             estimated interest payments:
                                 bunga:
                                                                                                         2024
                                                                                      Lebih dari satu
                                                                                        tahun tetapi
                                                                                      tidak lebih dari
                                                                     Dalam              lima tahun/               Lebih dari
                                                                   satu tahun/         Over one year             lima tahun/
                                                                     Within            but no longer              Over than        Jumlah/
                                                                    one year          than five years             five years        Total


                                 Tanpa bunga                                                                                                                   Non-interest bearing
                                     Utang usaha                         52,041,125                 -                          -        52,041,125              Trade payables
                                     Utang lain-lain                      4,220,301                 -                          -         4,220,301              Other payables
                                     Akrual                              51,081,455                 -                          -        51,081,455                    Accruals
                                 Tingkat bunga tetap                                                                                                              Fixed interest rate
                                     Utang usaha                          8,987,266         13,989,853                 3,263,122        26,240,241              Trade payables
                                     Liabilitas sewa                     10,819,967         36,482,450                13,317,451        60,619,868             Lease liabilities
                                     Pinjaman jangka panjang             28,419,590        138,530,607               266,013,334       432,963,531             Long-term loans
                                 Tingkat bunga variabel                                                                                                       Variable interest rate
                                     Pinjaman jangka panjang              4,530,152          20,023,851               31,886,236        56,440,239             Long-term loans

                                 Total liabilitas                       160,099,856        209,026,761               314,480,143       683,606,760                   Total liabilities



                                                                                                         2023
                                                                                      Lebih dari satu
                                                                                        tahun tetapi
                                                                                      tidak lebih dari
                                                                     Dalam              lima tahun/               Lebih dari
                                                                   satu tahun/         Over one year             lima tahun/
                                                                     Within            but no longer              Over than        Jumlah/
                                                                    one year          than five years             five years        Total


                                 Tanpa bunga                                                                                                                   Non-interest bearing
                                    Utang usaha                          58,161,554                 -                          -        58,161,554             Trade payables

                                     Utang lain-lain                      6,143,838                 -                          -         6,143,838             Other payables
                                     Akrual                              52,467,606                 -                          -        52,467,606                    Accruals
                                 Tingkat bunga tetap                                                                                                             Fixed interest rate
                                     Utang usaha                         21,807,607         20,641,756                 5,380,160        47,829,523             Trade payables
                                     Liabilitas sewa                     21,964,562         47,925,870                10,618,862        80,509,294             Lease liabilities
                                     Pinjaman jangka panjang             19,961,110        141,035,173               294,450,398       455,446,681            Long-term loans
                                 Tingkat bunga variabel                                                                                                       Variable interest rate
                                     Pinjaman jangka pendek                 196,427                 -                        -             196,427            Short-term loans
                                     Pinjaman jangka panjang              3,231,789          20,651,345               34,920,251        58,803,385            Long-term loans

                                 Total liabilitas                       183,934,493        230,254,144               345,369,671       759,558,308                   Total liabilities




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                                                             Lampiran - 5/85 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                          31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)              (Expressed in US Dollars, unless otherwise stated)


                34. MANAJEMEN RISIKO KEUANGAN (lanjutan)                      34. FINANCIAL RISK MANAGEMENT (continued)

                    Faktor risiko keuangan (lanjutan)                            Financial risk factors (continued)

                    c.   Risiko likuiditas (lanjutan)                            c.   Liquidity risk (continued)

                         Estimasi nilai wajar                                         Fair value estimation

                         Nilai wajar aset dan liabilitas keuangan                     The fair value of financial assets and liabilities
                         diestimasi untuk keperluan pengakuan dan                     is estimated for recognition and measurement
                         pengukuran         atau     untuk     keperluan              or for disclosure purposes. The fair value is the
                         pengungkapan. Nilai wajar adalah suatu jumlah                amount for which an asset could be exchanged
                         dimana suatu aset dapat dipertukarkan atau                   or a liability settled between knowledgeable and
                         suatu liabilitas diselesaikan antara pihak yang              willing parties in an arm's length transaction.
                         memahami dan berkeinginan untuk melakukan
                         transaksi wajar.

                         PSAK       113,    “Pengukuran    Nilai   Wajar”             PSAK 113, “Fair Value Measurement” requires
                         mensyaratkan pengungkapan atas pengukuran                    disclosure of fair value measurements by level
                         nilai wajar dengan tingkat hierarki nilai wajar              of the following fair value measurement
                         sebagai berikut:                                             hierarchy:
                         a) harga kuotasian (tidak disesuaikan) dalam                 a) quoted prices (unadjusted) in active markets
                             pasar aktif untuk aset atau liabilitas yang                 for identical assets or liabilities (level 1)
                             identik (tingkat 1)
                         b) input selain harga kuotasian yang termasuk                b) inputs other than quoted prices included
                             dalam tingkat 1 yang dapat diobservasi                      within level 1 that are observable for the
                             untuk aset atau liabilitas, baik secara                     asset or liability, either directly (as prices) or
                             langsung (misalnya harga) atau secara tidak                 indirectly (derived from prices) (level 2), and
                             langsung (misalnya derivasi dari harga)
                             (tingkat 2), dan
                         c) input untuk aset atau liabilitas yang bukan               c) inputs for the asset or liability that are not
                             berdasarkan data pasar yang dapat                           based     on observable market            data
                             diobservasi (input yang tidak dapat                         (unobservable inputs) (level 3).
                             diobservasi) (tingkat 3).

                         Utang bank merupakan liabilitas dengan tingkat               Bank loans are liabilities with fixed and floating
                         bunga tetap dan mengambang, sehingga nilai                   interest rates, thus the carrying amount of the
                         tercatat setara dengan nilai wajar. Nilai tercatat           financial liabilities approximate their fair value.
                         dari aset dan liabilitas keuangan lainnya telah              The carrying amounts of other financial assets
                         berkisar menunjukkan nilai wajarnya karena                   and liabilities approximate their fair value due to
                         memiliki sifat jangka pendek dari instrumen                  the short-term nature of the financial
                         keuangannya.                                                 instruments.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
570 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                Integrated Report 2024
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                                                                                                                                                              Financial Report




                                                             PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                                Lampiran - 5/86 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                                              31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                                  (Expressed in US Dollars, unless otherwise stated)


                    35. REKONSILIASI UTANG BERSIH & TRANSAKSI                                       35. NET DEBT RECONCILIATION & NON-CASH
                        NON KAS                                                                         TRANSACTION


                                                                Pinjaman bank      Pinjaman bank
                                                               jangka pendek/          jangka        Liabilitas sewa/
                                                                 Short-term          Long-term            Lease
                                                                 bank loans         bank loans          Liabilities          Total
                            Saldo pada                                                                                                                        Balance as at
                               1 Januari 2023                      16,490,706        398,964,532         51,381,645         466,836,883                  1 January 2023
                            Arus kas:                                                                                                                            Cashflows:
                               Pembayaran                                   -         (8,332,558)         (5,885,565)       (14,218,123)                    Repayment
                            Transaksi non-kas:                                                                                                         Non-cash transaction:
                               Restrukturisasi perjanjian
                               pinjaman                           (16,300,000)        16,300,000                  -                   -     Restructuring loan agreement
                               Beban bunga                                  -                  -          5,421,175           5,421,175                   Interest expense
                               Penambahan liabilitas sewa                   -                  -          1,039,221           1,039,221           Lease liabilities addition
                               Laba atas restrukturisasi                    -         (6,456,460)                 -          (6,456,460)            Gain on restructuring
                               Efek perubahan kurs                                                                                             Effect of foreign exchange
                                  mata uang asing                       3,897                  -            175,140            179,037                      rate changes

                            Saldo pada                                                                                                                       Balance as at
                               31 Desember 2023                      194,603         400,475,514         52,131,616         452,801,733               31 December 2023

                            Arus kas:                                                                                                                               Cashflows:
                               Penerimaan                           5,404,057                  -                   -          5,404,057                          Proceeds
                               Pembayaran                          (5,585,644)       (10,874,438)         (2,277,296)       (18,737,378)                       Repayment
                            Transaksi non-kas:                                                                                                         Non-cash transaction:
                               Transaksi offset                             -                  -          (1,189,528)        (1,189,528)                             Offset
                               Beban bunga                                  -          1,176,371                   -          1,176,371                   Interest expense
                               Penambahan liabilitas sewa                   -                  -           2,149,005          2,149,005           Lease liabilities addition
                               Penghapusan liabilitas sewa                  -                  -          (2,793,078)        (2,793,078)   Derecognition of lease liabilities
                               Laba atas restrukturisasi                    -            445,278                   -            445,278             Gain on restructuring
                               Efek perubahan kurs                                                                                             Effect of foreign exchange
                                  mata uang asing                     (13,016)                 -          (2,749,870)        (2,762,886)                    rate changes

                            Saldo pada                                                                                                                       Balance as at
                               31 Desember 2024                             -        391,222,725         45,270,849         436,493,574              31 December 2024



                            Grup melakukan transaksi investasi dan pendanaan                           The Group entered into non-cash investing and
                            yang tidak mempengaruhi kas dan tidak termasuk                             financing activities which are not reflected in the
                            dalam laporan arus kas konsolidasian dengan                                consolidated statements of cash flows with details
                            rincian sebagai berikut:                                                   as follows:

                                                                                    2024                      2023

                             Pembelian aset tetap                                                                                            Purchase of fixed assets
                                melalui uang muka                                      891,637                   413,668                        through advances
                             Penambahan aset tetap melalui                                                                             Addition of fixed asset through
                                transaksi inbreng                                   25,616,380                          -                     inbreng transaction
                             Perolehan aset hak-guna melalui                                                                          Acquisition of right-of-use asset
                                liabilitas sewa (Catatan 16)                         2,149,005                 1,039,221         through lease liabilities (Note 16)
                             Pengurangan liabilitas sewa                                                                                   Deduction of lease liabilities
                                melalui piutang lain-lain                            1,189,528                          -              through other receivables




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                                                            Lampiran - 5/87 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                         31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)             (Expressed in US Dollars, unless otherwise stated)


                36. SALING HAPUS ASET                 KEUANGAN     DAN    36. OFFSETTING    FINANCIAL                    ASSETS       AND
                    LIABILITAS KEUANGAN                                       FINANCIAL LIABILITIES

                    Aset keuangan dan liabilitas keuangan berikut ini         The following financial assets and financial liabilities
                    disalinghapuskan atau tunduk kepada pengaturan            are offsetting or subject to enforceable master
                    induk untuk menyelesaikan secara neto yang dapat          netting arrangements and similar agreements.
                    dipaksakan dan perjanjian serupa.

                                                                                                     Jumlah bruto
                                                                                                 liabilitas keuangan
                                                                                                yang diakui disaling-         Jumlah neto
                                                                                                      hapuskan di           aset keuangan
                                                                                                    laporan posisi          yang disajikan
                                                                                                   keuangan/Gross         di laporan posisi
                                                                             Jumlah bruto             amounts of             keuangan/Net
                                                                            aset keuangan       recognised financial           amounts of
                                                                              yang diakui/         liabilities set off      financial assets
                                                                           Gross amounts           in the statement           presented in
                                                                            of recognised             of financial         the statement of
                                                                           financial assets             position          financial position

                    31 Desember/December 2024

                    Piutang usaha/Trade receivables                                77,567,546             (13,052,826)            64,514,720
                    Utang usaha/Trade payables                                     13,052,826             (13,052,826)                     -

                    31 Desember/December 2023

                    Piutang usaha/Trade receivables                                84,471,640             (12,424,708)            72,046,932
                    Utang usaha/Trade payables                                     12,424,708             (12,424,708)                     -



                37. PERJANJIAN SIGNIFIKAN                                 37. SIGNIFICANT AGREEMENT

                    Garuda                                                    Garuda

                    Pada tanggal 12 Maret 2018, Perusahaan                    On 12 March 2018, the Company entered into a
                    mengadakan Perjanjian Induk Perawatan Pesawat             Master Agreement of Aircraft Maintenance with
                    dengan Garuda, pihak berelasi, dimana Perusahaan          Garuda, a related party, whereby Group agreed to
                    setuju untuk menjadi penyedia jasa Maintenance,           act as Garuda's Maintenance, Repair, and Overhaul
                    Repair, and Overhaul (”MRO”) Garuda.                      (”MRO”) provider.

                    Ruang lingkup pekerjaan kebanyakan adalah jasa            The scope of work for this services mostly is line
                    perawatan.                                                maintenance.

                    Perjanjian di amandemen dengan amandemen                  The agreement has been amended with the latest
                    terakhir  berupa     berita   acara   kesepakatan         minutes of agreement on the extension and
                    perpanjangan dan penyesuaian perjanjian induk             adjustment of the master agreement for aircraft
                    perawatan pesawat pada 13 September 2023.                 maintenance on 13 September 2023. The
                    Jangka waktu perjanjian adalah 5 tahun dengan tarif       agreement period is for 5 year and the rate has
                    yang sudah ditentukan di awal.                            been determined in advance.

                    Untuk tahun yang berakhir 31 Desember 2024,               For the year ended 31 December 2024, revenue
                    pendapatan dari perjanjian tersebut adalah                from the agreement is amounting to US$51.75
                    AS$51,75 juta (2023: AS$53,69 juta).                      million (2023: US$53.69 million).




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                  Lampiran - 5/88 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)               (Expressed in US Dollars, unless otherwise stated)


                    37. PERJANJIAN SIGNIFIKAN (lanjutan)                          37. SIGNIFICANT AGREEMENT (continued)

                            Sewa Hangar Garuda                                       Lease Hangar Garuda

                            Pada tanggal 27 Maret 2003, Grup menandatangani          On 27 March 2003, the Group signed a contract
                            perjanjian   kontrak    dengan    Garuda    untuk        agreement with Garuda for the use of building
                            penggunaan fasilitas bangunan. Disepakati bahwa          facilities. It was agreed that the Group would use a
                            Perusahaan akan menggunakan bangunan seluas              building with an area of 140,026.5 m². For this
                            140.026,5 m². Atas penggunaan tersebut, Grup             usage, the Group was charged a contribution fee of
                            dikenakan biaya kontribusi sebesar Rp 730.034.078        Rp 730,034,078 per month.
                            per bulan.

                            Grup dan Garuda menandatangani perjanjian                The Group and Garuda signed a contract agreement
                            kontrak pada tanggal 31 Maret 2008 terkait               on 31 March 2008, regarding changes in the
                            perubahan luas bangunan yang digunakan oleh              building area used by the Group to 151,107 m², and
                            GMF menjadi 151.107 m², dan biaya kontribusi             the contribution fee increased to Rp 880,045,324
                            meningkat menjadi Rp 880.045.324 per bulan.              per month.

                            Grup menerapkan PSAK 116 "Sewa" secara efektif           The Group effectively applied PSAK 116 "Leases"
                            untuk tahun buku yang dimulai pada 1 Januari 2020.       for the fiscal year starting on 1 January 2020. This
                            Penerapan ini berdampak pada pengakuan "Aset             application impacted the recognition of "Right-of-
                            Hak Guna" dan "Liabilitas Sewa" atas kontrak             Use Assets" and "Lease Liabilities" related to the
                            dengan Garuda terkait fasilitas bangunan.                contract with Garuda concerning building facilities.

                            Pada Rapat Umum Pemegang Saham Luar Biasa                At the Extraordinary General Meeting of
                            yang diadakan pada tanggal 28 Oktober 2024,              Shareholders held on 28 October 2024, it was
                            disepakati pelaksanaan PHMETD di mana Garuda             agreed to excercise PHMETD, where Garuda
                            berpartisipasi melalui transaksi inbreng atas            participated through an inbreng transaction on the
                            kepemilikan Hangar dan bangunan Annex Garuda             ownership of the Hangar and Garuda's Annex
                            (Catatan 39). Transaksi ini mengakibatkan                buildings (Note 39). This transaction resulted in the
                            penghapusan liabilitas sewa dan asset hak guna           derecognition of the Group’s lease liabilities and its
                            Grup berdasarkan penghentian kontrak antara              right-of-use assets based on the termination
                            Garuda     dan   Grup    dengan  nomor    surat          contract between Garuda and the Group with letter
                            GMF/PERJ./DT-3188/2024 tertanggal 30 Desember            number        GMF/PERJ./DT-3188/2024            dated
                            2024.                                                    30 December 2024.

                            Citilink                                                 Citilink

                            Pada tanggal 19 September 2023, Perusahaan               On 19 September 2013, the Company entered into a
                            mengadakan Perjanjian Induk Perawatan Pesawat            Master Agreement of Aircraft Maintenance with
                            dengan Citilink, pihak berelasi, dimana Perusahaan       Citilink, a related party, whereby the Company
                            setuju untuk menjadi penyedia jasa MRO Citilink.         agreed to act as Citilink's MRO provider.

                            Ruang lingkup pekerjaan kebanyakan adalah jasa           The scope of work for this service is mostly line
                            perawatan.                                               maintenance.

                            Perjanjian di amandemen dengan amandemen                 The agreement has been amended with the latest
                            terakhir berupa berita acara kesepakatan tarif           minutes of agreement on aircraft maintenance rate
                            perawatan pesawat dengan pola power by the hour          with power by the hour scheme on 1 April 2024. The
                            pada 1 April 2024. Jangka waktu perjanjian adalah 5      agreement period is for 5 years with the tariff has
                            tahun dengan tarif yang sudah ditentukan di awal.        been determined in advance.

                            Untuk tahun yang berakhir 31 Desember 2024,              For the year ended 31 December 2024, depreciation
                            pendapatan dari perjanjian tersebut adalah sebesar       expenses amounting to US$43.99 million (full year
                            AS$43,99 juta (2023: AS$36,81 juta).                     2023: US$36.81 million, respectively).




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                CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                       31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)           (Expressed in US Dollars, unless otherwise stated)


                37. PERJANJIAN SIGNIFIKAN (lanjutan)                      37. SIGNIFICANT AGREEMENT (continued)

                    Angkasa Pura Indonesia (sebelumnya ”Angkasa              Angkasa Pura Indonesia (previously “Angkasa
                    Pura II”)                                                Pura II”)

                    Pada tanggal 1 Maret 2017, Perusahaan                    On 1 March 2017, the Company entered a contract
                    menandatangani perjanjian kontrak dengan PT              agreement with Angkasa Pura Indonesia (Persero)
                    Angkasa Pura Indonesia (Persero) (sebelumnya             (previously Angkasa Pura II) for the utilisation of
                    Angkasa Pura II) untuk kerja sama pemanfaatan            commercial facilities on land covering an area of
                    fasilitas komersial lahan seluas 972.123 m 2 (tidak      972,123 m2 (unaudited) and for a concession related
                    diaudit) dan konsesi usaha berkaitan dengan jasa         to aircraft maintenance services. The rental fee is
                    pemeliharaan pesawat. Nilai sewa sebesar Rp1.400         Rp1,400       per   m2 /    month,   equivalent   to
                    per m2/ bulan setara dengan Rp1.360.972.200/             Rp1,360,972,200/ month. The concession fee is
                    bulan. Imbalan jasa konsesi usaha diperhitungkan         calculated based on a percentage of 1.25% per
                    berdasarkan persentase, sebesar 1.25% per tahun          annum of revenue, with a minimum annual revenue
                    dari omzet bruto dengan minimum omzet per tahun          Rp3.31 trillion equivalent to US$201.46 million.
                    sebesar Rp3,31 triliun setara dengan AS$201,46
                    juta.

                    Perusahaan dan Angkasa Pura Indonesia                    The Company and Angkasa Pura Indonesia signed
                    menandatangani      Berita   Acara    kesepakatan        an amendment for the extension of commercial
                    perpanjangan kerja sama pemanfaatan fasilitas            facilities on 23 November 2022 utilisation until
                    komersial pada 23 November 2022 dengan jangka            31 December 2026. The rental fee has been
                    waktu sampai dengan 31 Desember 2026. Terdapat           adjusted to Rp2,500 (full amount) per m2/ month for
                    perubahan nilai sewa menjadi sebesar Rp2.500             the first year, Rp3,350 (full amount) per m2/ month
                    (nilai penuh) per m2/ bulan untuk satu tahun             for the second year, Rp5,000 per m2/ month for the
                    pertama, Rp3.350 (nilai penuh) per m2/ bulan untuk       third year, Rp6,850 (full amount) m2/ month, and
                    tahun kedua, Rp5.000 (nilai penuh) per m2/ bulan         Rp8,884 (full amount) m2/ month for the fifth year.
                    untuk tahun ketiga, Rp6.850 (nilai penuh) per m2/
                    bulan untuk tahun keempat, dan Rp8.884 (nilai
                    penuh) per m2/ bulan untuk tahun kelima.


                38. KELANGSUNGAN USAHA                                    38. GOING CONCERN

                    Seiring dengan pertumbuhan ekonomi dan industri          In line with the growth of the economy and the
                    penerbangan, khususnya bisnis MRO, Grup                  aviation industry, especially the MRO business, the
                    melakukan      berbagai   inisiatif untuk terus          Group has undertaken various initiatives to continue
                    meningkatkan kondisi keuangan dan operasional            improving its financial condition and operational
                    Grup. Grup membukukan keuntungan sebesar                 conditions. The Group reported a profit of US$26.9
                    AS$26,9 juta untuk periode tahun 2024, dengan            million for the period in 2024, with total assets of
                    total aset sebesar AS$424,63 juta.                       US$424.63 million.

                    Pada tanggal 31 Desember 2024 Grup masih                 As at 31 December 2024, the Group still had total
                    mempunyai jumlah liabilitas jangka pendek melebihi       current liabilities exceeding its current assets by
                    aset lancarnya sebesar AS$ 31,41 juta dan ekuitas        US$31.41 million and a negative equity of US$257.9
                    negatif       sebesar         AS$257,9         juta      million (31 December 2023: US$33.1 million and
                    (31 Desember 2023: masing-masing sebesar                 US$311.16 million, respectively). These events or
                    AS$33,1 juta dan AS$311,16 juta). Hal-hal tersebut       conditions indicate the existence of a material
                    mengindikasikan adanya unsur ketidakpastian yang         uncertainty about the ability of the Group to continue
                    material    atas   kemampuan        Grup     untuk       as a going concern.
                    mempertahankan kelangsungan usahanya.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/90 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                             31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                 (Expressed in US Dollars, unless otherwise stated)


                    38. KELANGSUNGAN USAHA (lanjutan)                               38. GOING CONCERN (continued)

                            Untuk menjaga kinerja dan kelangsungan usaha,              To     maintain     performance   and    business
                            manajemen telah melakukan beberapa inisiatif dari          sustainability, management has implemented
                            aspek Operasional dan juga aspek Keuangan,                 several initiatives from operational and financial
                            sebagai berikut:                                           aspects, as follows:

                            a. Aspek operasional                                       a. Operational aspects

                              Grup membuat inisiatif yang bertujuan untuk                 The Group has made initiatives aimed at
                              mengembangkan bisnis, meningkatkan kualitas                 developing business, improving product and
                              produk dan layanan, memperbaiki manajemen                   service quality, improving supply chain
                              rantai pasok, serta mengembangkan sumber                    management, and developing human resources.
                              daya manusia.

                              •   Pengembangan dan diversifikasi bisnis Grup.             •   Business development and diversification.
                                  Di tahun ini pendapatan Government dan                      This year, Government revenue and Power
                                  Power Services (Industrial) menunjukkan                     Services (Industrial) showed positive growth
                                  pertumbuhan positif dibandingkan periode                    compared to the previous period.
                                  sebelumnya.                                             •   Increasing non-affiliated company revenue
                              •   Peningkatan pendapatan non Grup Afiliasi                    through long-term contracts. During 2024, the
                                  melalui kontrak jangka panjang. Selama 2024                 Group recorded new contracts worth
                                  Grup mencatatkan kontrak baru dengan nilai                  US$11.16 million.
                                  proyek AS$ 11,16 juta.                                  •   Zero CoPQ (Cost of Poor Quality) refers to
                              •   Zero CoPQ (Cost of Poor Quality), yaitu                     maintaining service quality through various
                                  menjaga kualitas layanan melalui berbagai                   quality improvement initiatives so that the
                                  inisiatif perbaikan kualitas sehingga aktivitas             Group's business operations can proceed
                                  operasional bisnis Grup dapat berlangsung                   effectively by minimising rework costs. This
                                  secara efektif dengan meminimalisir biaya                   involves implementing and enhancing audit,
                                  rework. Pelaksanaan dan peningkatan                         inspection, and supervision programs, quality
                                  program audit, inspeksi dan pengawasan,                     supervision programs, strengthening basic
                                  program supervisi kualitas, penguatan                       training related to quality, and increasing the
                                  pelatihan dasar terkait kualitas, serta                     leadership's role in safety and quality aspects
                                  peningkatan peran pimpinan dalam aspek                      in accordance with applicable procedures.
                                  keamanan dan kualitas sesuai dengan                     •   Optimisation of supply chain management,
                                  prosedur yang berlaku.                                      which involves periodic monitoring of various
                              •   Optimalisasi manajemen rantai pasok, yaitu                  efforts to improve material management,
                                  dilakukan pemantauan secara berkala atas                    subcontracting, and inventory, to prevent
                                  berbagai upaya perbaikan pengelolaan                        losses. The Group collaborates with trusted
                                  material, sub kontrak, dan persediaan,                      vendors to implement a material fulfillment
                                  sehingga tidak menimbulkan kerugian. Grup                   program using a consignment scheme. The
                                  menjalankan program pemenuhan material                      Group also implements a Just In Time (“JIT”)
                                  dengan skema konsinyasi bekerja sama                        program, which is a commitment by vendors
                                  dengan beberapa vendor. Grup juga                           to deliver materials when needed. The Group
                                  menjalankan program Just In Time (“JIT”),                   also conducts regular inventory monitoring
                                  yaitu komitmen pemenuhan material oleh                      and disposes of unused inventory through
                                  vendor saat barang dibutuhkan. Grup juga                    sales.
                                  melakukan pemantauan terhadap persediaan,
                                  dan melakukan penjualan atas persediaan
                                  yang tidak digunakan.




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                CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                       31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)           (Expressed in US Dollars, unless otherwise stated)


                38. KELANGSUNGAN USAHA (lanjutan)                         38. GOING CONCERN (continued)

                    a. Aspek operasional (lanjutan)                          a. Operational aspects (continued)

                      •   Untuk menjaga konsistensi terhadap QCDS               •   To maintain consistency in QCDS (quality,
                          (quality, cost, delivery, services), Grup                 cost, delivery, services), the Group conducts
                          melakukan evaluasi dan reviu secara rutin                 regular evaluations and reviews after project
                          setelah proyek selesai.                                   completion.

                      •   Pengembangan sumber daya manusia, yaitu               •   Human resource development, which is
                          melalui    pengukuran   dan   pemantauan                  carried out through periodic measurement
                          produktivitas  pegawai   secara   berkala.                and monitoring of employee productivity.
                          Pelaksanaan program pelatihan tahunan.                    Implementation of annual training programs.
                          Untuk para Insinsyur yang memiliki lisensi,               For licensed Engineer, mentoring programs
                          terus dilakukan program pendampingan dan                  and instructor development programs are
                          juga program pengembangan Pengajar.                       continuously conducted.

                      Selain inisiatif di atas, Grup juga melakukan             Furthermore, the Group is actively pursuing
                      penjajakan kerja sama baik dengan Airline,                strategic partnerships with airlines, MRO
                      penyedia MRO, maupun Original Equipment                   providers, and Original Equipment Manufacturers
                      Manufacturers (“OEM”), dengan tetap mengikuti             (“OEM”), ensuring compliance with relevant
                      prosedur yang berlaku serta mengutamakan                  procedures and focusing on customers from
                      menyasar pelanggan dari negara yang tidak                 countries with relatively stable economies and
                      terdampak signifikan terhadap pelemahan                   sound financial standing.
                      ekonomi global dan serta memiliki kondisi
                      finansial yang baik.

                      Di tahun 2024, Grup menjajaki kerjasama                   In 2024, the Group is actively exploring a
                      pengembangan bisnis Landing Gear dengan                   potential collaboration with one of the Regional
                      salah satu Regional MRO, untuk pengembangan               MRO companies to strengthen the Landing Gear
                      kapabilitas & operasional dan penambahan                  business. This initiative aims to enhance
                      potensi pasar. Selain itu Grup juga menjajaki             operational capabilities and leverage new market
                      opsi-opsi   peningkatan   kapasitas  produksi             opportunities. Furthermore, the Group is looking
                      maintenance pesawat. Hal ini bertujuan untuk              into ways to increase aircraft maintenance
                      dapat memberikan dampak positif terhadap                  production capacity. These initiatives aim to
                      kinerja Perusahaan.                                       positively impact the Company's performance.


                    b. Aspek keuangan                                        b. Financial aspects

                      Pada     tahun    2024,     Grup   membukukan             In 2024, the Group recorded positive business
                      pertumbuhan bisnis yang positif, hal ini terlihat         growth, as reflected in the Group's improved
                      dari kinerja Grup yang membaik dibandingkan               performance compared to the previous period.
                      dengan periode sebelumnya. Grup mencatatkan               The Group recorded revenue of US$421.22
                      pendapatan sebesar AS$421,22 juta atau tumbuh             million, growing 13% compared to the previous
                      13%      dibandingkan      tahun    sebelumnya.           year. Revenue from affiliated companies grew
                      Pendapatan dari Grup afiliasi tumbuh 11% seiring          11% in line with the recovery of post-pandemic
                      dengan membaiknya kondisi penerbangan pasca               flight conditions. Government revenue grew
                      pandemi. Pendapatan dari Government tumbuh                137% due to the realization of the C130 Hercules
                      137% atas realisasi proyek C130 Hercules,                 project, Bell 412 HA Helicopter, and Presidential
                      Helikopter Bell 412 HA, serta Perawatan Pesawat           Aircraft Boeing Business Jet (BBJ) maintenance.
                      Kepresidenan Boeing Business Jet (“BBJ”). Grup            The Group recorded a profit of US$26.9 million,
                      mencatatkan keuntungan sebesar AS$26,9 juta,              with total assets of US$424.63 million.
                      dengan total aset sebesar AS$424,63 juta.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
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                                                                                                                                   Financial Report




                                                    PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                   Lampiran - 5/92 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                             31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                 (Expressed in US Dollars, unless otherwise stated)


                    38. KELANGSUNGAN USAHA (lanjutan)                               38. GOING CONCERN (continued)

                            b. Aspek keuangan (lanjutan)                               b. Financial aspects (continued)

                              Kinerja Grup yang membaik membuat total                     The improved Group performance led to an
                              ekuitas   meningkat      dibandingkan     periode           increase in total equity compared to the previous
                              sebelumnya, dari negatif AS$311,16 juta menjadi             period, from a negative US$311.16 million to a
                              negatif AS$257,9 juta. Pada periode ini Grup juga           negative US$257.9 million. During this period,
                              melakukan program asset swap to equity, yaitu               the Group also executed an asset swap to equity
                              inbreng    aset    Garuda     Indonesia     yang            program. This involved the transfer of the Parent
                              berhubungan dengan operasional Grup, melalui                Company's facilities through an Inbreng
                              mekanisme right issue.                                      transaction, which related to the Group's
                                                                                          operations, using a rights issue mechanism.

                              Pada aspek keuangan Grup melakukan inisiatif                In the financial aspect, the Group implements
                              dengan tujuan utama yaitu peningkatan                       initiatives with the primary objective of increasing
                              profitabilitas,  restrukturisasi    utang,      dan         profitability, debt restructuring, optimizing cash
                              optimalisasi arus kas, serta perbaikan ekuitas.             flow, and improving equity.

                              •   Peningkatan profitabilitas Grup, yaitu melalui          •   Enhancing the Group's profitability through
                                  Operational excellence di seluruh segmen                    operational excellence across all business
                                  bisnis. Manajemen melakukan evaluasi                        segments. Management evaluates contracts
                                  kontrak kerja sama dengan pelanggan                         with customers by applying adjustments and
                                  dengan menerapkan penyesuaian dan                           increases in service tariffs, adjusting to the
                                  kenaikan tarif layanan, menyesuaikan dengan                 increase in raw material prices and inflation.
                                  kenaikan harga bahan baku material dan juga                 Management          continuously      conducts
                                  kenaikan inflasi. Manajemen senantiasa                      efficiency and maintains 5R/5S in all area.
                                  melakukan efisiensi dan menjaga 5R/ 5S di                   Improving supply chain management to
                                  semua lini area. Melakukan perbaikan                        facilitate the procurement process for aircraft
                                  manajemen rantai pasok untuk memudahkan                     maintenance spare parts at more competitive
                                  proses penyediaan suku cadang perawatan                     prices, thereby reducing material costs.
                                  pesawat dan dengan harga yang lebih                         Additionally, selling off unused inventory to
                                  kompetif, sehingga dapat mengurangi biaya                   increase the Group's profitability.
                                  material. Serta melakukan penjualan atas
                                  persediaan yang tidak digunakan sehingga
                                  dapat menambah profitabilitas Grup.

                              •   Restrukturisasi utang bank.                             •   Restructuring of bank debt.
                                  Pada tanggal 29 Desember 2023 perjanjian                    A debt restructuring agreement with Bank
                                  restrukturisasi utang kepada Bank BRI sudah                 BRI was executed on 29 December 2023,
                                  di tandatangani, dan pengikatan agunan telah                while the collateral arrangement was ratified
                                  disetujui pada Rapat Umum Pemegang                          by the shareholders at the Annual General
                                  Saham (RUPS) pada tanggal 28 Juni 2024.                     Meeting (AGM) held on 28 June 2024.

                              •   Restrukturisasi utang vendor.                           •   Restructuring of vendor debt.
                                  Hingga Desember 2024, telah dilakukan                       By December 2024, the Group had
                                  proses restrukturisasi dengan nilai total                   successfully completed the vendor debt
                                  haircut senilai AS$2,25 juta. Grup juga                     restructuring process, resulting in a total
                                  melakukan negosiasi dengan beberapa                         haircut value of US$2.25 million. Additionally,
                                  ekspeditur untuk menaikkan credit limit                     the Group engaged in negotiations with
                                  sehingga proses pengiriman barang menjadi                   logistics providers to secure increased credit
                                  lebih terjaga secara operasional.                           limits,   thereby     optimizing   operational
                                                                                              oversight and streamlining the shipping
                                                                                              process.




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                CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                         31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)             (Expressed in US Dollars, unless otherwise stated)


                38. KELANGSUNGAN USAHA (lanjutan)                           38. GOING CONCERN (continued)

                    b. Aspek keuangan (lanjutan)                               b. Financial aspects (continued)

                      •   Optimalisasi Arus Kas.                                  •   Cash Flow Optimisation.
                          Grup senantiasa membuat perencanaan yang                    The Group consistently prioritises effective
                          baik terkait arus kas, baik kas masuk ataupun               cash flow management, ensuring meticulous
                          kas keluar. Memastikan arus kas operasi                     planning and control of both inbound and
                          dapat terpenuhi dari aktivitas operasional.                 outbound cash flows. To guarantee the
                          Melakukan kontrol yang ketat terhadap                       sustainability of operational cash flows, the
                          kontrak asset dan penagihan piutang                         Group relies on its operational activities.
                          terhadap pelanggan. Grup mencatatkan arus                   Furthermore, the Group exercises stringent
                          kas dari operasional sebesar AS$14,2 juta                   control over asset contracts and accounts
                          dengan total saldo kas akhir tahun sebesar                  receivable billing to customers. As a result,
                          AS$12,62 juta. Grup juga melakukan self-                    the Group recorded an operational cash flow
                          project    financing    (pembiayaan     proyek              of US$14.2 million, accompanied by a total
                          menggunakan penerimaan kas dari proyek                      cash      balance    of   US$12.62     million.
                          terkait) dengan mekanisme uang muka untuk                   Additionally, the Group has implemented a
                          menghindari shortage of fund. Selain itu                    self-project financing mechanism, utilising
                          beberapa proyek khusus menggunakan                          cash receipts from related projects to mitigate
                          metode kerja sama dengan pemasok dengan                     potential fund shortages. This approach is
                          pola back to back sesuai penerimaan dari                    complemented by a down payment
                          pelanggan. Dalam pemenuhan kebutuhan                        mechanism. Special projects, meanwhile,
                          CAPEX        tahun    2024     (seperti  untuk              employ a collaborative approach with
                          pembangunan hangar door, pembelian                          suppliers, operating on a back-to-back basis
                          peralatan, dan pemenuhan kepatuhan                          in accordance with receipts from customers.
                          keselamatan terhadap Otoritas terkait), Grup                To fulfill its CAPEX requirements in 2024,
                          juga mengoptimalkan alokasi dari aktivitas                  including initiatives such as hangar door
                          kas operasional.                                            construction, equipment procurement, and
                                                                                      adherence to safety regulations stipulated by
                                                                                      pertinent authorities, the Group effectively
                                                                                      optimised the allocation of operational cash
                                                                                      flows generated by its ongoing business
                                                                                      activities.

                      •   Perbaikan Ekuitas.                                      •   Equity Improvement.
                          Pada 2024 telah dijalankan program                          During 2024, the Group successfully
                          melakukan program asset swap to equity,                     executed an asset swap to equity program.
                          yaitu inbreng aset Garuda Indonesia yang                    This involved the transfer of the Parent
                          berhubungan dengan operasional Grup,                        Company's facilities through an Inbreng
                          melalui mekanisme right issue. Adapun aset                  transaction, which related to the Group's
                          tersebut berupa Hangar 1,2 dan 3, serta                     operations, using a rights issue mechanism.
                          fasilitas   pendukung        lainnya    senilai             These assets, comprising Hangars 1, 2, and
                          Rp418.289.300.000. Selain itu, saat ini Grup                3, as well as ancillary facilities, were valued
                          juga terus menjajaki program peningkatan                    at Rp418,289,300,000. The Group is actively
                          ekuitas lainnya melalui skema serupa atau                   exploring additional initiatives through similar
                          pun opsi aksi korporasi lainnya (Catatan 39).               schemes or other corporate actions options
                                                                                      (Note 39).




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
578 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                            Integrated Report 2024
Page 579
                                                                                                                                   Laporan Keuangan
                                                                                                                                     Financial Report




                                                      PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                     Lampiran - 5/94 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                    38. KELANGSUNGAN USAHA (lanjutan)                                 38. GOING CONCERN (continued)

                            Strategi Grup      untuk         memperkuat        dan       Group’s strategy to strengthen and maximise
                            memaksimalkan kinerja                                        performance

                            Sebagai keberlanjutan atas strategi Grup, serta              As a continuation of the Group's strategy and to
                            untuk memperkuat dan memaksimalkan kinerja,                  strengthen and maximise performance, the Group
                            Grup memiliki lima inisiatif strategi utama di tahun         has five main strategic initiatives in 2025,
                            2025 meliputi:                                               comprising:

                            1.   Transformasi operasional                                 1.   Operational transformation
                                 Strategi ini bertujuan untuk menghasilkan                     This strategy aims to achieve better
                                 kinerja yang lebih baik dengan seefisien                      performance with maximum efficiency,
                                 mungkin, perbaikan Quality, Cost, & Delivery                  improve Quality, Cost, and Delivery (“QCD”),
                                 (“QCD”), memperkuat manajemen rantai pasok,                   strengthen supply chain management,
                                 pengembangan sumber daya manusia, serta                       develop human resources, and enhance
                                 memperkuat kepercayaan pelanggan.                             customer trust.

                            2.   Strategi manajemen likuiditas                            2.   Liquidity management strategy
                                 Strategi ini mencakup pengoptimalan arus kas                  This strategy encompasses optimizing cash
                                 agar dapat mendukung kelancaran operasional.                  flows to support smooth operational activities.
                                 Beberapa program yang akan dijalankan, yaitu                  Several programs will be implemented,
                                 percepatan penagihan piutang, percepatan                      including Accelerating accounts receivable
                                 proses penagihan, negosiasi credit limit dan                  collection;  Streamlining    the    collection
                                 payment term ke pemasok, restrukturisasi                      process; Negotiating credit limits and
                                 utang, serta melakukan pengelolaan arus kas.                  payment terms with suppliers; Restructuring
                                                                                               debt; Implementing effective cash flow
                                                                                               management.
                            3.   Perbaikan ekuitas                                        3.   Equity improvement
                                 Program peningkatan ekuitas akan terus                        The equity enhancement program will
                                 dilakukan     secara     bertahap        dan                  continue to be implemented in stages, with its
                                 implementasinya akan mengikuti prosedur yang                  execution adhering to applicable procedures.
                                 berlaku.

                            4.   Peningkatan teknologi                                    4.   Technology advancement
                                 Grup      akan     terus    beradaptasi   dengan              The Group is committed to staying abreast of
                                 perkembangan           teknologi     (peningkatan             technological     advancements,        embracing
                                 digitalisasi, perkembangan ERP, AI, IT security,              innovations such as digitalization, ERP
                                 dan lainnya), sehingga dapat mendukung                        systems, artificial intelligence, IT security, and
                                 keberlangsungan          bisnis   dan     operasi             other emerging technologies to ensure the
                                 perusahaan.                                                   long-term sustainability of its business and
                                                                                               operational activities.

                            5.   Pengembangan bisnis yang menguntungkan                   5.   Profitable business growth
                                 Strategi ini bertujuan untuk mengembangkan                    This strategy aims to develop a profitable and
                                 bisnis yang tidak hanya menguntungkan tetapi                  sustainable business through diversification,
                                 juga berkelanjutan, melalui diversifikasi usaha,              business     development,     capacity     and
                                 pengembangan         bisnis,     pengembangan                 capability enhancement, and strategic
                                 kapasitas dan kapabilitas, serta kerja sama baik              partnerships with airlines, MROs, and OEMs
                                 dengan Airline, MRO, ataupun OEM untuk                        to respond to market dynamics.
                                 merespons dinamika pasar.

                             Kelangsungan usaha Grup dapat terdampak oleh                 The Group’s going concern could be impacted by
                             ketidakpastian yang timbul dari risiko-risiko tersebut       the uncertainty arising from those risks and the
                             dan laporan keuangan konsolidasian interim ini               interim consolidated financial statements do not
                             tidak termasuk penyesuaian yang mungkin timbul               include any adjustments that may raise from such
                             dari ketidakpastian.                                         uncertainty.




                                                                                                                                                    579
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Laporan Terintegrasi 2024                                                                                               Facility AeroAsia Tbk
Page 580
                                                  PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                              Lampiran - 5/95 - Schedule

                CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
                31 DESEMBER 2024 DAN 2023                                                               31 DECEMBER 2024 AND 2023
                (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)                   (Expressed in US Dollars, unless otherwise stated)


                39. PERISTIWA SETELAH PERIODE PELAPORAN                        39. EVENTS AFTER REPORTING PERIOD

                     Terjadi perubahan dalam struktur modal saham                   There was a change in the capital stock structure
                     setelah periode pelaporan. Berikut adalah posisi               after the reporting period. Below is the position of the
                     pemegang saham Grup per tanggal 15 Januari                     Group's shareholders as of 15 January 2025:
                     2025:

                                                                       15 Januari/January 2025
                                                                             Persentase         Total modal
                                                          Total saham/      kepemilikan/          disetor/
                                                           Number of         Percentage        Total paid-up
                                                             shares         of ownership          capital

                     Garuda                                                                                                                Garuda
                        Seri A                            25,156,058,796                          195,806,416                         Series A
                        Seri B                             9,093,245,600                           14,081,463                         Series B

                                                          34,249,304,396           91.17%         209,887,879
                     PT Aero Wisata                                                                                                PT Aero Wisata
                        Seri A                              254,101,604                             1,977,843                         Series A
                        Seri B                               91,850,900                               141,818                         Series B

                                                            345,952,504              0.92%          2,119,661

                     Andi Fahrurrozi (Direktur)                                                                           Andi Fahrurrozi (Director)
                        Seri A                                  144,400                                 1,086                         Series A
                        Seri B                                  500,000                                   772                         Series B

                                                                644,400              0.00%              1,858

                     Pudjo Sarwoko (Direktur)                                                                             Pudjo Sarwok o (Director)
                        Seri A                                   89,200              0.00%               671                         Series A

                     Irvan Pribadi (Direktur)                                                                               Irvan Pribadi (Director)
                          Seri A                                 62,800              0.00%               472                          Series A

                     Masyarakat (masing-masing                                                                  Public (each below 5% of the total)
                        dibawah 5% dari jumlah)
                        Seri A                             2,823,054,700                           21,229,167                         Series A
                        Seri B                               146,870,976                              226,769                         Series B

                                                           2,969,925,676             7.91%         21,455,936

                                                          37,565,978,976             100%         233,466,477



                     Pelaksanaan Transaksi PMHMETD                                  The Implementation of PMHMETD Transaction

                     Setelah Rapat Umum Pemegang Saham Luar                         Following the Extraordinary General Meeting of
                     Biasa yang diadakan pada tanggal 28 Oktober                    Shareholders held on 28 October 2024, the
                     2024, para pemegang saham menyetujui                           shareholders approved the Company's issuance of
                     penerbitan saham baru oleh Perusahaan dengan                   new shares with a nominal value of Rp 25.00 (full
                     nilai nominal Rp 25,00 (jumlah penuh) per saham                amount) per share through the PMHMETD
                     melalui mekanisme PMHMETD. PMHMETD telah                       mechanism. The PMHMETD has received an
                     menerima pernyataan efektif dari OJK pada tanggal              effective statement from the OJK on 12 December
                     12 Desember 2024.                                              2024.




     ADVANCING OPERATIONAL AGILITY AND TRANSFORMATION
580 FOR A FUTURE-READY, CUSTOMER-CENTRIC MRO                                                                                      Integrated Report 2024
Page 581
                                                                                                                              Laporan Keuangan
                                                                                                                                Financial Report




                                                   PT GARUDA MAINTENANCE FACILITY AERO ASIA Tbk
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                  Lampiran - 5/96 - Schedule

                    CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                    31 DESEMBER 2024 DAN 2023                                                           31 DECEMBER 2024 AND 2023
                    (Dinyatakan dalam Dolar AS, kecuali dinyatakan lain)               (Expressed in US Dollars, unless otherwise stated)


                    39. PERISTIWA SETELAH PERIODE PELAPORAN                       39. EVENTS AFTER REPORTING PERIOD (continued)
                        (lanjutan)

                            Pelaksanaan Transaksi PMHMETD (lanjutan)                 The Implementation of PMHMETD Transaction
                                                                                     (continued)

                            Sesuai dengan Akta Notaris No. 11 oleh Notaris           In accordance with Notarial Deed No. 11 by Notary
                            Shanti Indah Lestari, S.H., M.Kn., tertanggal 30         Shanti Indah Lestari, S.H., M.Kn., dated 30
                            Desember       2024,     Garuda       mengakuisisi       December 2024, Garuda acquired 9,093,245,600
                            9.093.245.600 saham dengan melaksanakan                  shares by executing a non-cash asset contribution
                            transaksi penyetoran aset non-tunai, memindahkan         transaction, transferring ownership of the Hangar
                            kepemilikan Hanggar dan bangunan Annex kepada            and Annex building to the Company.
                            Perusahaan.

                            Hasil penilaian nilai wajar atas aset inbreng dari       The valuation of the fair value of the contributed
                            Penilai Independen KJPP Fuadah, Rudi dan                 assets by Independent Appraisers KJPP Fuadah,
                            Rekan,             Nomor            00376/2.0100-        Rudi, and Partners, Number 00376/2.0100-
                            0/PI/05/0394/1/X/2024 pada tanggal 24 Oktober            0/PI/05/0394/1/X/2024 on 24 October 2024,
                            2024, adalah sebesar Rp418.289.300.000, yang             amounted to Rp418,289,300,000, equivalent to
                            setara dengan AS$25.909.891. Pada laporan                US$25,909,891. In the financial statements as of 31
                            keuangan per 31 Desember 2024, transaksi ini             December 2024, this transaction is recorded under
                            dicatatkan pada “Uang muka atas modal saham”             "Advance for Share Capital" as part of equity section
                            sebagai bagian ekuitas laporan keuangan.                 of the financial statement.

                            Perubahan Anggaran Dasar mengenai peningkatan            The amendment to the Articles of Association
                            modal yang ditempatkan dan disetor penuh,                regarding the increase in issued and fully paid
                            setelah    pelaksanaan      PMHMETD       sejumlah       capital, following the implementation of the
                            9.332.467.476 lembar saham, telah dimuat dalam           PMHMETD totaling 9,332,467,476 shares, has been
                            Akta Notaris No. 2 oleh Notaris Shanti Indah             included in Notarial Deed No. 2 by Notary Shanti
                            Lestari, S.H., M.Kn., pada tanggal 15 Januari 2025.      Indah Lestari, S.H., M.Kn., on 15 January 2025.
                            Pemberitahuan perubahan ini telah resmi diterima         Notification of this amendment has been officially
                            dan dicatat oleh Menteri Hukum dan Hak Asasi             received and recorded by the Minister of Law and
                            Manusia Republik Indonesia, sesuai dengan                Human Rights of the Republic of Indonesia, in
                            Keputusan No. AHU-AH.01.03-0008303, tertanggal           accordance with Decree No. AHU-AH.01.03-
                            16 Januari 2025.                                         0008303, dated 16 January 2025.

                            Berkaitan dengan perubahan Anggaran Dasar yang           Following the amendment to the Articles of
                            telah disetujui, saldo dalam akun 'Uang Muka             Association mentioned before, the balance in the
                            Setoran Modal' telah direklasifikasi. Proses             “Advance for Share Capital” account was
                            reklasifikasi ini mengalokasikan AS$14,08 juta ke        reclassified. This reclassification resulted in an
                            akun 'Modal Saham' dan AS$11,83 juta ke akun             allocation of US$14.08 million to the 'Share Capital'
                            'Tambahan Modal Disetor'.                                account and US$11.83 million to the 'Additional
                                                                                     Paid-in Capital' account.




                                                                                                                                                   581
                                                                                                                 PT Garuda Maintenance
Laporan Terintegrasi 2024                                                                                          Facility AeroAsia Tbk
Page 582
           24
  Integrated Report
 Laporan Terintegrasi




Advancing Operational Agility and
Transformation for a Future-Ready,
Customer-Centric MRO




PT Garuda Maintenance Facility AeroAsia Tbk

Management Building 3rd Floor Soekarno Hatta International
Airport (CGK) Tangerang – Indonesia PO. BOX 1303 15125


     Online Email       : corporatecommunications@gmf-aeroasi.co.id

     Phone & Fax
     Phone		            : +62 215508717                               gmf-aeroasia.co.id
     Fax		              : +62 21 550 3555

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Names mentioned 129 people and organisations named in the text · linked when the evidence is strong

linked person Ali Gunawan · Komisaris p.35 ×10
linked person ANDI FAHRURROZI · Direktur Utama p.36 ×9
linked org Garuda Indonesia (Persero) Tbk p.39 ×91
linked person Irvan Pribadi p.44 ×7
linked person Pudjo Sarwoko p.44 ×6
linked org Aero Wisata p.50 ×6
linked org Angkasa Pura p.81 ×2
linked org PT Asuransi Bintang p.86 ×3
linked org PT TRANS AIRWAYS p.98 ×3
linked org Dana Pensiun p.101 ×3
possible org Otoritas Jasa Keuangan p.8 ×3
possible person Rahmat Hanafi · Komisaris p.35 ×7
possible org Bursa Efek Indonesia p.50 ×4
possible org PEMERINTAH REPUBLIK INDONESIA p.98 ×4
possible org PT ASABRI (PERSERO) p.103 ×2
possible org YULIE SEKURITAS INDONESIA p.103
possible person HENDRA GUNAWAN p.103
unresolved org PT Garuda Maintenance Facility Aero p.3
unresolved org Asia Tbk p.3 ×2
unresolved org PT Garuda Maintenance p.3 ×64
unresolved org Facility AeroAsia Tbk p.3 ×53
unresolved org Kementerian Pertahanan p.6
unresolved org Ministry of Defense p.6
unresolved org Financial Services Authority p.8 ×3
unresolved org PT Garuda Maintenance Facility p.8 ×3
unresolved org Garuda Maintenance Aero Asia Tbk p.8 ×2
unresolved org Facility Aero Asia Tbk p.8 ×14
unresolved org PT Garuda Maintenance Board p.9
unresolved org Indonesia Stock Exchange p.21 ×4
unresolved org Ministry of SOEs p.24
unresolved org Ministry of Industry Republic of Indonesia p.24
unresolved org Ministry of Defense Potential p.25
unresolved org Kementerian p.26
unresolved org Ministry of Foreign Affairs p.26
unresolved person Agit Atriantio · Komisaris p.35 ×3
unresolved — Agit Atrianto · Commissioner p.35
unresolved person Dharmadi · Komisaris Utama p.35 ×3
unresolved person Abhan · Komisaris Independen p.35 ×2
unresolved org Pusat p.37
unresolved org Menteri BUMN p.43 ×2
unresolved org Minister of SOEs p.43
unresolved person Salusra Satria · Direktur Keuangan p.44
unresolved org PT Garuda p.46 ×5
unresolved org Aero Asia Tbk p.46 ×3
unresolved person Base Operation · Direktur p.47
unresolved person Line Operation · Direktur Keuangan p.47 ×2
unresolved org Akronim · Nama Perusahaan p.50
unresolved org Acronym · Company Name p.50
unresolved org Legal Basis of Establishment p.50
unresolved org Minister of Justice and Human Rights p.50
unresolved org PT Aero Wisata Overhaul Services ADVANCING OPERATIONAL AGILITY p.50
unresolved org PT Garuda Maintenance Facility Aero Garuda Maintenance Facility p.54
unresolved person Notary Arry Supratno p.54 ×2
unresolved person Notary Indah Lestari p.54
unresolved person Shanti Indah Lestari · Notaris p.54 ×13
unresolved org PT GMF p.56 ×2
unresolved org Kementerian Keuangan. p.56 ×2
unresolved org Ministry of Finance p.56 ×3
unresolved org Minister of MBU p.60
unresolved org Kementerian BUMN p.64
unresolved org Kementerian Perindustrian p.64
unresolved org Directorate General of Civil Aviation p.65 ×3
unresolved org Ministry of Land p.65
unresolved org Ministry of Transport p.65
unresolved org Minister of Land p.65
unresolved org Ministry of Transport and Communications p.66
unresolved org PT Garuda Indonesia Concurrent Positions p.78
unresolved org PT Affiliate Relationship p.78
unresolved org PT CT Corpora p.79
unresolved org PT CT p.79
unresolved org PT Angkasa Pura Support p.81
unresolved org PT Angkasa Pura Support Work Experience p.81
unresolved org Menteri Pertahanan Bidang p.81
unresolved org Minister of Komunikasi p.81
unresolved org Menteri Perhubungan Bidang Digital p.81
unresolved org Minister of Transportation p.81
unresolved person Shanti Lestari p.83
unresolved person Tangerang Lestari p.86
unresolved org PT Asuransi Umum BCA p.86
unresolved org PT Asuransi Umum BCA Work Experience p.86
unresolved org PT Penjamin p.86
unresolved org PT Penjamin Infrastruktur Indonesia p.86 ×2
unresolved org PT Penjamin Infrastruktur p.86
unresolved org Indonesia Deposit Insurance Corporation p.86 ×2
unresolved person Deputi · Direktur p.86
unresolved org Direktorat Jenderal Institusi p.86
unresolved org Directorate General of Financial Keuangan p.86
unresolved person Lestari p.87
unresolved person Tangerang Regency. This Indah Lestari p.87 ×2
unresolved person PLH · Direktur p.87
unresolved org PT Garuda Work Experience p.87
unresolved org Indonesia (Persero) Tbk p.87 ×5
unresolved org PT AGI p.88
unresolved org PT Aerowisata p.91 ×2
unresolved org Kementerian Badan Usaha Milik Negara p.98
unresolved org Ministry of State- p.98
unresolved org PT GARUDA DAYA PRATAMA SEJAHTERA p.98
unresolved — Nominal Saham = Rp100/lembar p.99
unresolved — Share Nominal Value = Rp100/share p.99
unresolved org PT Datindo Entrycom p.99 ×2
unresolved org PT Garuda Indonesia (Persero) Tbk merupakan p.99
unresolved — pengendali GMF dengan kepemilikan sebesar 89.10% p.99
unresolved org tahun 2024. Garuda Indonesia merupakan maskapai p.99
unresolved org milik Pemerintah Indonesia yang didirikan pada tanggal 31 p.99
unresolved org tahun 2008, Garuda Indonesia menjadi satu-satunya p.99
unresolved — maskapai lokal yang memperoleh sertifikasi IATA Operational p.99
unresolved org Safety Audit (IOSA) Operator. Garuda Indonesia melakukan p.99
unresolved org PT YULIE SEKURITAS INDONESIA PERSEROAN TERBATAS p.103
unresolved org PT. ASKRINDO p.103
unresolved — has been done until December 31, 2024: p.106
unresolved — Amendment and/or Additional Disclosure Information p.106
unresolved — Prospectus Issuance p.106
unresolved — Integrated Report 2024 p.106
unresolved org Kantor Akuntan Publik Rintis p.162
unresolved org Rianto & Rekan p.162
unresolved org Government of the Republic of Indonesia p.162 ×2
unresolved org Kementerian Keuangan Pemerintah Republik Indonesia p.162
unresolved org Kementerian Keuangan Pemerintah p.162
unresolved org PT Aero System Indonesia. p.173
unresolved org PT Aero System Indonesia. In p.173
unresolved org Menteri BUMN Nomor PER- p.179
unresolved org Menteri Negara Badan Usaha Milik p.181
unresolved org Minister of State-Owned Enterprises Negara No. PER- p.181
unresolved org Menteri Negeri BUMN No. PER- p.181 ×2
unresolved org Minister of State-Owned Enterprises p.181
unresolved person Melengkapi Pedoman · Komisaris p.187

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