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Page 1
2024   Laporan Tahunan
       Annual Report




         Stepping to
       the Next Level
Page 2

          
Page 3
Stepping to
the Next Level
Tahun 2024, PT Bakrieland Development Tbk (Perseroan) dihadapkan dengan berbagai
tantangan yang menguji Perseroan agar senantiasa kuat dan bertahan ditengah stuasi
yang tidak pasti. Setelah sebelumnya melakukan penguatan pilar-pilar usaha, maka tahun
ini merupakan saatnya bagi Perseroan untuk meraih momentum dengan menciptakan
peningkatan kinerja bisnis yang lebih signifikan dan berkelanjutan. Adapun fokus kekuatan
kinerja Perseroan di tahun 2024 merupakan hasil dari strategi yang telah dilakukan dalam
menavigasi tantangan yang ada untuk pertumbuhan yang berkelanjutan. Perseroan juga
menerapkan strategi baru dalam upaya merespon perubahan secara cepat agar dapat
bertahan dan melanjutkan upaya Perseroan untuk menjadi perusahaan yang dapat
meraih pertumbuhan keberlanjutan.

In 2024, PT Bakrieland Development Tbk is faced with various challenges that test the
Company to remain strong and resilient in the midst of uncertainty. After strengthening its
business pillars, this year is the time for the Company to gain momentum by creating a more
significant and sustainable business performance improvement. The focus of the Company’s
performance strength in 2024 is the result of the strategies that have been carried out in
navigating the existing challenges for sustainable growth. The Company is also implementing
new strategies in an effort to respond to changes quickly in order to survive and continue the
Company’s efforts to become a company that can achieve sustainable growth.
Page 4
Daftar Isi
Table of Contents



Tema                                                         1    Kronologi Pencatatan Saham
Theme                                                             Chronology of Stock Listing                                       49
                                                                  Kronologis Penerbitan Efek Lainnya
                                                                  Chronology of Issuance of Other Securities                        49
Ikhtisar Kinerja                                                  Kantor Akuntan Publik
                                                                                                                                    50
                                                                  Public Accounting Firm
Performance Highlights                                            Lembaga Profesi Penunjang Pasar Modal
                                                                  Capital Market Supporting Professional Institutions               51
Berkelanjutan Secara Ekonomi
Financially Sustainable                                      6    Informasi Situs Web Perusahaan
                                                                  Information on Company Website                                    52
Hijau Secara Menyeluruh
Green Through and Through                                    8
Tentang Manusianya
It’s about the People                                        10   Laporan Manajemen
Praktik Usaha Terbaik dan Kepatuhan
                                                                  Management Report
Adopting Best Practices and Compliances                      11
                                                                  Laporan Dewan Komisaris
Ikhtisar Keuangan                                                                                                                   56
Financial Highlights                                         15   Report from the Board of the Commissioners
                                                                  Laporan Direksi
Ikhtisar Bisnis                                                                                                                     64
Business Highlights                                          16   Report from the Board of Directors

Ikhtisar Kinerja Saham
Stock Performance Highlights                                 17   Unit Pendukung Bisnis
Informasi Harga Saham                                             Management Report
Share Price Information                                      17
Penghentian Sementara Perdagangan Saham (Suspension)              Sumber Daya Manusia
                                                                  Human Resources Development                                       82
dan/atau Penghapusan Pencatatan Saham (Delisting)
Temporary Suspension Of Stock Trading and/or Delisting of    17   Teknologi Informasi
Shares                                                            Information Technology                                            90
Aksi Korporasi                                                    Corporate Affairs
Adopting Best Practices & Compliances                        17   Corporate Affairs                                                 94
Peristiwa Penting
                                                             18
                                                                  Pembahasan dan Analisis Manajemen
Important Events

                                                                  Management Discussion and Analysis
Profil Perusahaan
                                                                  Tinjauan Operasional
Corporate Profile                                                 Operational Review                                                100
                                                                  Tinjauan Keuangan
Data Perusahaan
                                                             22   Financial Review                                                  120
Company Data
                                                                  Tingkat Kolektabilitas Piutang
Sejarah Perusahaan
                                                             24   Level of Collectability of Receivables                            125
Company History
                                                                  Struktur Permodalan
Jejak Langkah
                                                             26   Capital Structure                                                 125
Milestone
                                                                  Ikatan Material Untuk Investasi Barang Modal
Visi, Misi, Nilai dan Budaya Perusahaan
                                                             28   Material commitments for Investmenet in Capital Goods             126
Vision, Mission, Values and Corporate Culture
                                                                  Investasi Barang Modal yang Direalisasikan
Bidang Usaha
Type of Business                                             29   Pada Tahun Buku Terakhir                                          126
                                                                  Investment in Capital Goods Realized in The Last Financial Year
Wilayah Operasional
Areas of Operation                                           30   Informasi Dan Fakta Material yang Terjadi
                                                                  Setelah Tanggal Laporan Akuntan
Struktur Perusahaan                                                                                                                 126
Company Structure                                            32   Information and Material Facts that Occurred
                                                                  after the Date of The Accountant’s Report
Struktur Organisasi                                               Prospek Usaha
Organizational Structure                                     33                                                                     127
                                                                  Business Outlook
Keanggotaan Dalam Asosiasi                                        Perbandingan Antara Target 2024, Realisasi 2024, dan
Membership in Associations                                   34
                                                                  Proyeksi 2025
Profil Dewan Komisaris                                            Comparison Between 2024 Target, 2024 Realization And 2024         128
Board of Commissioners Profile                               36   Projections
Profil Direksi                                                    Aspek Pemasaran
Board of Directors Profile                                   39   Marketing Aspect                                                  129
Daftar Entitas Anak                                               Kebijakan Dividen
List of Subsidiaries                                         45   Dividend Policy                                                   130
Nama Pemegang Saham Utama dan Pengendali Dengan                   Realisasi Penggunaan Dana Hasil Penawaran Umum
Persentase Kepemilikan                                            Application of Public Offering Proceeds                           130
Names of Major and Controlling Shareholders with Ownership   47
Percentage
Page 5
Informasi Material Mengenai Investasi, Ekspansi, Divestasi,             Akses Informasi Publik
Penggabungan/PeleburanUsaha, Akuisisi, Restrukturisasi                  Public Access to Information                                192
Utang/Modal, dan Transaksi Afiliasi                                     Hubungan Investor
Material Information Regarding Investments, Expansions,           130                                                               193
                                                                        Investor Relations
Divestments, Business Merger/Consolidation, Aquisitions, Debt/
                                                                        Unit Audit Internal
Capital Restructuring, and Affiliate Transactions
                                                                        Internal Audit Unit                                         193
Informasi Transaksi Material yang Mengandung Benturan
Kepentingan dan/atau Transaksi Dengan Pihak Afiliasi/                   Sistem Pengendalian Internal
                                                                                                                                    197
Pihak Berelasi                                                    130   Internal Control System
Information on Material Transactions With Conflicts of Interest         Sistem Manajemen Risiko
and/or Transactions With Affiliates/Related Parties                     Risk Management System                                      199
Perubahan Peraturan Perundangundangan Pada Tahun 2024                   Kasus Dan Perkara Penting
Regulatory Changes In 2024                                        133   Important Legal Cases                                       208
Perubahan Kebijakan Akuntansi                                           Informasi Mengenai Sanksi Administrasi dan Finansial
Change in Accounting Policy                                       133   Information on Administrative and Financial Sanctions       208
                                                                        Program Kepemilikan Saham Dewan Komisaris dan Direksi
                                                                                                                                    209
Laporan Tata Kelola Perusahaan
                                                                        Shares Ownership Program of The Board of Commisioners and
                                                                        The Board of Directors
Corporate Governance Report                                             Pemberian Kompensasi Jangka Panjang
                                                                                                                                    209
                                                                        Provision of Long-Term Compensation
Komitmen Bakrieland                                                     Pedoman Perilaku dan Kode Etik
Bakrieland’s Commitment                                           137                                                               209
                                                                        Code of Conduct and Code of Ethics
Penerapan Tata Kelola Yang Baik Untuk Mendukung                         Kebijakan Benturan Kepentingan
Pencapaian Tujuan Pembangunan Berkelanjutan (TPB)                                                                                   211
Good Corporate Governance Implementation To Support The           138   Policy on Conflict of Interest
                                                                        Inisiasi Anti Gratifikasi
Achievement of Sustainable Development Goals (SDGS)
                                                                        Anti-Gratuity Initiation                                    212
Landasan Hukum
Legal Basis                                                       139   Kebijakan Antikorupsi
                                                                                                                                    212
                                                                        Anti-Coruption Policy
Prinsip-Prinsip Praktik GCG
Principles of GCG Practices                                       139   Sistem Pelaporan Pelanggaran
                                                                                                                                    213
                                                                        Violation Reporting System
Infrastruktur Praktik GCG
Infrastructure of GCG Practices                                   141
Struktur GCG
                                                                  142
                                                                        Tanggung Jawab Sosial Perusahaan/
                                                                        Laporan Berkelanjutan
GCG Structure
Penerapan Atas Pedoman Tata Kelola Perseroan Terbuka
Implementation of Governance Guidelines of Public Companies       143   Corporate Social Responsibility/
Rapat Umum Pemegang Saham (RUPS)
General Meeting of Shareholders (GMS)                             153   Sustainable Report
Dewan Komisaris                                                         Strategi Keberlanjutan
Board of Commissioners                                            160                                                               218
                                                                        Sustainability Strategy
Penilaian Komite Di Bawah Dewan Komisaris                               Kilas Kinerja Strategi Keberlanjutan
Assessment of Committees Under The Board of                       163   Performance Highlights of Sustainability Strategy           220
Commissioners
                                                                        Fokus Praktik Keberlanjutan Tahun 2024
Komisaris Independen                                                                                                                220
Independent Commissioner                                          164   Focus of Sustainability Practices in 2024
                                                                        Nilai Keberlanjutan
Direksi                                                                                                                             221
Board of Directors                                                165   Sustainability Values
                                                                        Tata Kelola Keberlanjutan
Penilaian Kinerja Dewan Komisaris Dan Direksi                           Sustainability Governance                                   222
Performance Assessment of the Board of                            170   Kinerja Keberlanjutan
Commissioners and the Board of Directors
                                                                        Sustainability Performance                                  224
Kebijakan Remunerasi Dewan Komisaris dan Direksi
                                                                        Rencana Pengembangan Praktik Keberlanjutan
Remuneration Policy for the Board of Commissioners and            171   Development Plans on Sustainability Practices               249
the Board of Directors
                                                                        Surat Pernyataan Dewan Komisaris dan Direksi
Hubungan Afiliasi
Affiliation                                                       173   Statement from the Board of Commissioners and the           250
                                                                        Board of Directors
Komite di Bawah Dewan Komisaris
Committees Under The Board of Commissioner                        173   Referensi Seojk Nomor 16/SEOJK.04/2021:
                                                                        Laporan Tahunan Emiten Atau Perusahaan Publik
Komite Audit                                                                                                                        251
Audit Committee                                                   173   SEOJK No. 16/SEOJK.04/2021: Annual Report of Public
                                                                        Company
Komite Nominasi dan Remunerasi                                          Laporan Keuangan
Nomination and Remuneration Committee                             181   Financial Statements                                        275
Komite di Bawah Direksi
Committees Under the Board of Directors                           188
Sekretaris Perusahaan
Corporate Secretary                                               188
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Page 7
01
Kilas
Kinerja
Performance
Highlights
Page 8
                                  Kilas Kinerja | Performance Highlights




                                        Berkelanjutan Secara Ekonomi
                                                      Financially Sustainable



                                  Memberikan manfaat jangka panjang bagi para pemangku kepentingan melalui
                                  aktivitas operasional dan layanan dalam desain, konstruksi, dan bisnis properti.
                                  Delivering long-term benefits to stakeholders through operational and service activities in
                                  design, construction, and property business.


                                             Penghasilan Usaha                                             Proporsi Pendapatan
                                             Revenue                                                       Proportion of Revenues



                                           2024 Rp 1.227 Miliar | Billion                            Pendapatan tidak berulang
                                                                                                     Non-recurring revenue
                                                                                                                                   Pendapatan berulang
                                                                                                                                   Recurring revenue

                                                                                                     2024 12%                      2024 88%
                                           2023 Rp 1.273 Miliar | Billion
                                                                                                     2023 22%                      2023 78%
                                           2022 Rp 1.027 Miliar | Billion                            2022 18%                      2022 82%


                                             Rasio utang* terhadap Ekuitas                                 Liabilitas
                                             Debt* to Equity Ratio                                         Liabilities



                                           2024 0,13 Kali | Times                                        2024 Rp 2.718 Miliar | Billion
                                           2023 0,11 Kali | Times                                        2023 Rp 2.508 Miliar | Billion
                                           2022 0,10 Kali | Times                                        2022 Rp 2.672 Miliar | Billion
                                       * Utang bank, pembiayaan musyarakah,
                                         dan pinjaman dari pihak selain bank
                                         Bank debt, musyarakah financing,
                                         and non-bank loan


                                             Utang*                                                        EBITDA
                                             Debt                                                          EBITDA



                                           2024 Rp 804                 Miliar | Billion                  2024            Rp   172       Miliar | Billion


                                           2023 Rp 676                 Miliar | Billion                  2023            Rp   166       Miliar | Billion


                                           2022 Rp 751                 Miliar | Billion                  2022            Rp   75        Miliar | Billion
Bakrieland Laporan Tahunan 2024




                                                                                    Ekuitas
                                                                                    Equity



                                                                                 2024 Rp 6.024 Miliar | Billion
                                                                                 2023 Rp 6.131      Miliar | Billion


                                                                                 2022 Rp 7.242 Miliar | Billion


       6
Page 9
                     2024
                     • Menjalankan pekerjaan tahap awal 6 Ha dari total area 22 Ha proyek perumahan Kahuripan Nirwana
                       sektor 2.2
                     • Menyelesaikan penjualan untuk Bumi Pakuan Tahap 1 di area Bogor
                     • Melakukan pemasaran atas proyek cluster rumah Sayana Bogor
                     • Progres konstruksi atas proyek Jungle Sea di Kalianda Nirwana Resort, Lampung.
                     • Conducted the initial phase of the Kahuripan Nirwana sector 2.2 housing project, 6 Ha from the total
                       22 Ha development area
Melakukan            • Completed the sale of Bumi Pakuan Stage 1 in the Bogor area
investasi pada       • Construction progress on the JungleSea project in Kalianda Nirwana Resort, Lampung
proyek yang          • Carried out the marketing of the Sayana Bogor housing cluster project.
berpotensi           2023
besar dan area       • Peningkatan kinerja segmen pendapatan berulang melalui peningkatan layanan dan promosi serta
baru.                  peluncuran produk baru, peremajaan dan penambahan fasilitas yang diantaranya taman rekreasi
Invest in highly       Rivera Outbound & Edutainment, wahana Jungle Beach di The Jungle Waterpark Bogor, Bagus Beach
potential              Walk di Krakatoa Nirwana Lampung, tipe kamar Executive di The Grove Suites Hotel Jakarta dan The
                       Alana Malioboro Hotel Yogyakarta.
projects and in      • Perseroan melanjutkan pengembangan serta perencanaan pengembangan cluster baru properti
new areas.             hunian di Sidoarjo dan Bogor.
                     • Improvement in recurring income segment performance through enhancing services and promotions
                       as well as launching of new products, rejuvenating and adding facilities, among others, the Rivera
                       Outbound & Edutainment, Jungle Beach rides at The Jungle Waterpark Bogor, Bagus Beach Walk at
                       Krakatoa Nirwana Lampung, Executive room types at The Grove Suites Hotel Jakarta and The Alana
                       Malioboro Hotel Yogyakarta.
                     • The Company continued with development as well as development plans of the new residential
                       property cluster in Sidoardjo and Bogor.

                     2022
                     Peningkatan kinerja operasional terus dilakukan pada produk segmen pendapatan berulang dan
                     melanjutkan pengembangan produk properti, terutama perumahan, di Bogor dan Sidoarjo.
                     Perusahaan juga mempersiapkan pengembangan baru lainnya di area Bogor yang akan
                     memperkuat segmen pendapatan berulang dan pendapatan tidak berulang ke depan.
                     The improvement of operational performance in the recurring income segment and continues the
                     development of property products, especially housing, in Bogor and Sidoarjo. The Company is also
                     preparing to develop another new area in Bogor to strengthen the recurring income and the
                     non-recurring income segments going forward.




                     2024                                                    2024
                     Total nilai pengadaan untuk barang dan jasa             Kompensasi, benefit dan pajak penghasilan
                     yang dibeli dari pemasok lokal di Jakarta,              atas 7.279 karyawan sepanjang 2024 yang
                     Bogor, Lampung, Sidoarjo, dan Yogyakarta.               berpotensi untuk disalurkan ke masyarakat lokal.
                     Billion in total value for the procurement              Compensation,benefits and income tax of 7,279
                     of goods and services purchased from                    employees during the year 2024 are potentially
                     local suppliers in Jakarta, Bogor, Lampung,             feasible for distribution to local communities.
Berkontribusi        Sidoarjo, dan Yogyakarta.
kepada

                        Rp62,1                                               Rp569
pengembangan                                     Miliar                                               Miliar
ekonomi lokal dan                                Billion                                              Billion
memberikan
manfaat positif
bagi karyawan,       2023 Rp71 Miliar I Billion                              2023 Rp502 Miliar I Billion
komunitas, dan       Total nilai pengadaan untuk barang dan jasa             Kompensasi, benefit dan pajak penghasilan
mitra usaha.         yang dibeli dari pemasok lokal di Jakarta,              atas 7.063 karyawan sepanjang 2023 yang
                                                                                                                                Bakrieland Annual Report 2024




Contributing to      Bogor, Lampung, Sidoarjo, dan Yogyakarta.               berpotensi untuk disalurkan ke masyarakat lokal.
                     Total value for the procurement of goods                Compensation, benefits, and income tax of 7,603
local economic       and services purchased from local suppliers             employees during the year 2023 were potentially
development          in Jakarta, Bogor, Lampung, and Yogyakarta.             distributed to local communities.
and provide
positive benefits
to employees,        2022 Rp67 Miliar I Billion                              2022 Rp434 Miliar I Billion
community and        Total nilai pengadaan untuk barang dan jasa             Kompensasi, benefit dan pajak penghasilan atas
business partners.   yang dibeli dari pemasok lokal di Jakarta,              5.557 karyawan sepanjang 2022 yang berpotensi
                     Bogor, Lampung, dan Yogyakarta.                         untuk disalurkan ke masyarakat lokal.
                     Total value for the procurement of goods and            Compensation, benefits, and income tax of 5,557
                     services purchased from local suppliers in              employees during the year 2022 were potentially
                     Jakarta, Bogor, Lampung and Yogyakarta.                 distributed to local communities.



                                                                                                                                       7
Page 10
                                  Kilas Kinerja | Performance Highlights




                                             Hijau Secara Menyeluruh
                                                 Green Through and Through



                                  Menghargai alam sejak tahap konsep desain,
                                  konstruksi, sampai dengan proyek operasional kami
                                  Respecting nature from the initial stage in our projects’
                                  design concept, construction, up to operation.



                                              Realisasi Nursery Tanaman                                 Jumlah Limbah
                                              Total Realization for Plant Nursery                       Total Waste


                                            2024         Rp   235 Juta | Millions                       2024
                                            2023
                                            2022
                                                         Rp

                                                         Rp
                                                              557 Juta | Millions
                                                              468 Juta | Millions
                                                                                    Menerapkan
                                                                                    pengelolaan
                                                                                    limbah yang
                                                                                                            656.171                       Kg
                                                                                    efektif.
                                                                                    Implementing
                                                                                    effective waste     2023 655.178 Kg
                                                                                    management.
                                              Total Konsumsi Air
                                              Total Water Consumption                                   2022 661.815 Kg
                                            2024 339 Juta Liter | Million Liter
                                            2023 471 Juta Liter | Million Liter                         Konsumsi Listrik
                                            2022 377 Juta Liter | Million Liter
                                                                                                        Electricity Consumption



                                                                                    Meningkatkan        2024
                                                                                                               53,9
                                                                                    efisiensi energi
                                              Penanaman Pohon Bakau
                                              Mangrove Tree Planted                 pada semua                                    Juta kWh
                                                                                    operasi dan                                   Million kWh
                                                                                    mengendalikan
                                                                                    jejak karbon.
                                            2024 16.389 Pohon | Trees               Improved energy     2023 58,5 Million kWh
                                                                                                                                  Juta kWh

                                                                                    efficiency in all
                                            2023 16.389 Pohon | Trees               operations and
                                                                                                        2022 50,9 Million kWh
                                                                                                                                  Juta kWh
                                                                                    controlled carbon
                                            2022 14.289 Pohon | Trees               footprints.
Bakrieland Laporan Tahunan 2024




      8
Page 11
                    Estimasi kontribusi Perseroan mengurangi potensi emisi
                    Estimated Company’s contribution to reducing potential emission


                      2024

Melindungi
                             108,3                 Juta kg CO2 | Million kg CO2

keanekaragaman
hayati di mana
                      2023 100,9 Juta kg CO | Million kg CO   2               2


pun kami
beroperasi.
                      2022 97,2 Juta kg CO | Million kg CO    2               2


Protecting of
biodiversity        Jenis tumbuhan prioritas di area operasi Perseroan
wherever we         Types of prioritized plant species in the Company’s operational areas
operate.

                      2024
                                  70         Pohon | Trees

                      2023 70 Pohon | Trees
                      2022 70 Pohon | Trees
                    Pohon ditanam di area operasional Perseroan
                    Trees planted in the Company’s operational areas



                      2024
                         82.395                      Pohon | Trees

                      2023 81.773 Pohon | Trees
                      2022 79.108 Pohon | Trees

                    2024
                    471 pemasok atau 89% dari total pemasok telah menerapkan
                    standar lingkungan baik nasional dan internasional.
                    471 suppliers or 89% of total suppliers, have applied both national and international
                    environmental standards.
Berbagi
eco-awareness
di rantai pasokan
Perusahaan.
                    2023 567 pemasok atau 88% dari total pemasok telah menerapkan
                         standar lingkungan baik nasional dan internasional.
                                 550 or 88% of suppliers implement both national
                                                                                                            Bakrieland Annual Report 2024




Sharing
                                 and international environmental standards.
eco-awareness

                    2022 598
in the Company’s             pemasok atau 88% dari total pemasok telah menerapkan
supply chain.            standar lingkungan baik nasional dan internasional.
                                 598 or 88% of total suppliers implement both national and
                                 international environmental standards.




                                                                                                                  9
Page 12
                                  Kilas Kinerja | Performance Highlights




                                                 Tentang Manusianya
                                                      It’s About the People



                                  Menyediakan pengalaman kerja yang adil, setara, saling menghargai, dan aman.
                                  Providing fair, equal, respectful, and safe work experience.

                                                                                                                              2024       2023        2022



                                                                                                                                        0
                                                                Kenihilan insiden terkait pelaksanaan praktik
                                                                        ketenagakerjaan di Perseroan.
                                                                Zero incidents related to the implementation of
                                                                        labor practices in the Company.
                                                                                                                              Jumlah Kejadian | Total Incident




                                            0
                                    2024        2023       2022
                                                                                             insiden
                                                                                                                       2024              2023             2022
                                                                                            incidents
                                                                           Berat | recordable incidents                  4                 2                0
                                                                           Ringan | non-recordable incidents            38                49               61
                                                                           Near Misses                                  618              433              1.001
                                           Jumlah Kematian
                                             Total Fatalities


                                  Melaksanakan perbaikan berkesinambungan demi mencapai service excellence.
                                  Carrying out continuous improvement to achieve service excellence.
                                                   Konsisten menjaga level respon tinggi pada masukan dan keluhan pelanggan
                                                  Consistently maintain a high response level to customer feedback and complaints
                                                                       % tingkat respons | % of response level
                                                    2024                                           2023                                    2022

                                              99,91 %                                       99,96 %                                 99,70 %

                                  Perseroan meyakini bahwa dalam mewujudkan pencapaian bisnis yang berkelanjutan
                                  harus bersamaan dengan terciptanya masyarakat yang mandiri dan sejahtera
                                  The Company believes that manifesting sustainable business achievements must go
                                  together with establishing an independent and prosperous society.
Bakrieland Laporan Tahunan 2024




                                     Jumlah realisasi untuk program dan aktivitas                            Penerima manfaat program dan aktivitas
                                               pengembangan komunitas                                               pengembangan komunitas
                                      Total realization for community development                            Recipients of benefits from the community
                                                  programs and activities                                      development programs and activities
                                                       Miliar | Billion                                    Jumlah penerima manfaat | Total beneficiaries


                                       2024                 2023                    2022                       2024            2023                  2022
                                     Rp 1,73             Rp 1,29                Rp 0,86                   25.845 20.176                            5.197
 10
Page 13
                Praktik Usaha
            Terbaik dan Kepatuhan
       Adopting Best Practices and Compliance



Kepatuhan penuh terhadap peraturan                         2024      2023       2022
seluruh perundang-undangan yang                            Kepatuhan terhadap semua
berlaku.                                                   hukum dan peraturan.
                                                           Compliance with laws and
Full compliance with all applicable laws and               regulations.

regulations.

                                                           100%
                          Menegakan integritas, transparansi, dan
                          kejujuran dalam melakukan bisnis.
                          Upholding integrity, transparency, and
                          honesty in conducting business.



2024                                    2023                                          2022
Menyelaraskan implementasi              Menyempurnakan implementasi                   Menyempurnakan implementasi
penegakan integritas,                   prinsip responsibilitas dalam                 prinsip responsibilitas dalam
transparansi, dan kejujuran             penyelesaian dan penyampaian                  penyelesaian dan penyampaian
dengan perkembangan etika               laporan keuangan dan laporan                  laporan keuangan dan laporan
dalam dunia bisnis serta                kepada regulator serta berupaya               kepada regulator lainnya dengan
berupaya menjaga konsistensi            maksimal dalam koordinasi                     mengoptimalkan digitalisasi.
Prinsip responsibilitas dalam           menjalankan praktik-praktik
penyelesaian dan penyampaian            bisnis sesuai dengan tata                     Refining the implementation of
laporan keuangan dan laporan            kelola yang baik dengan para                  the principle of responsibility
kepada regulator                        pemangku kepentingan                          in completing and disclosing
                                                                                      financial reports and reports to
Aligning the implementation of          Refined the implementation of                 other regulators with optimizing
upholding integrity, transparency,      the principle of responsibility in            digitalization.
and honesty with ethical                completing and submitting the
development in business as              financial reports and reports
well as taking efforts to maintain      to the regulator as well as
consistency in the principle of         maximized efforts in coordinating
responsibility in completing and        the implementation of business
submitting financial reports and        practices in accordance with
reports to regulators.                  good governance with the
                                        stakeholders.
                                                                                                                         Bakrieland Annual Report 2024




                                                                                                                             11
Page 14
                                  Kilas Kinerja | Performance Highlights




                                                              Melakukan mekanisme badan pengendalian internal untuk
                                                              penguatan manajemen risiko dan tindakan pencegahan.
                                                              Implement internal control unit mechanism to strengthen risk
                                                              management and preventive measures


                                  2024                                         2023                                        2022


                                  7
                                  kebijakan
                                  policy
                                                                               1
                                                                               kebijakan
                                                                               policy
                                                                                                                           1
                                                                                                                           kebijakan
                                                                                                                           policy
                                  • Memperbaharui 4 kebijakan dan              1 kebijakan diperbaharui guna               1 kebijakan diperbaharui guna
                                    2 prosedur guna menyesuaikan               menyesuaikan ketentuan                      menyesuaikan ketentuan
                                    ketentuan internal dengan adanya           internal dengan adanya                      internal dengan adanya
                                    perubahan dalam organisasi.                perubahan dalam organisasi.                 perubahan dalam organisasi.
                                  • Menyusun 3 kebijakan baru dibuat           Updated 1 policy to conform                 Updated 1 policy to conform
                                    untuk memenuhi kebutuhan                   with internal provisions due to             with internal provisions due to
                                    terhadap perkembangan bisnis               organizational changes.                     organizational changes.
                                    Perusahaan.
                                  • Updated 4 policies and 2 procedures
                                    to conform with internal provisions
                                    due to organizational changes.
                                  • Prepared 3 new policies to meet the
                                    needs of the Company’s business
                                    development.


                                  2024                                         2023                                        2022


                                  Rp   3,5                  Miliar | Billion
                                  Perseroan telah merealisasikan
                                                                               Rp    3,5                Miliar | Billion
                                                                               Perseroan telah merealisasikan
                                                                                                                           Rp   5,1                 Miliar | Billion
                                                                                                                           Perseroan telah merealisasikan
                                  sebesar Rp3,5 miliar                         sebesar Rp3,5 miliar                        sebesar Rp5,1 miliar
                                  untuk mengantisipasi dan                     untuk mengantisipasi dan                    untuk mengantisipasi dan
                                  menyelesaikan 960 kejadian                   menyelesaikan 709 kejadian                  menyelesaikan 492 kejadian
                                  terkait pelanggan                            terkait pelanggan.                          terkait pelanggan.
                                  The Company actualized a total               The Company actualized a total              The Company actualized a total
                                  of Rp3,5 bilion to anticipate and            of Rp3,5 billion to anticipate and          of Rp5.1 billion to anticipate and
                                  complete 960 incidents related to            complete 709 incidents related to           complete 492 incidents related to
                                  customers                                    customers.                                  customers.
Bakrieland Laporan Tahunan 2024




                                  2024                                         2023                                        2022


                                  0           Kematian
                                              Fatalities
                                  59 insiden berat, 439 insiden
                                  ringan, dan 462 near misses.
                                                                               0           Kematian
                                                                                           Fatalities
                                                                               38 insiden berat, 308 insiden
                                                                               ringan dan 363 near misses.
                                                                                                                           0           Kematian
                                                                                                                                       Fatalities
                                                                                                                           23 insiden berat, 408 insiden
                                                                                                                           ringan dan 476 near misses.
                                  59 recordable incidents, and 439             38 recordable incidents,                    23 recordable incidents,
                                  non-recordable incidents and 462             308 non-recordable incidents                408 non-recordable incidents
                                  near misses.                                 and 363 near misses.                        and 476 near misses.


   12
Page 15
                         Mengadopsi best practice standar nasional atau
                         internasional yang relevan dengan operasional
                         sebagai bagian dari upaya continuous improvement.
                         Adopting best practices in national and international
                         standards relevant to operation as part of the efforts on
                         continuous improvement.




2024                                      2023                                   2022
Mempertahankan sertifikasi                Mempertahankan sertifikasi             Mempertahankan sertifikasi
ISO 45001:2018 tentang Sistem             ISO 45001:2018 tentang Sistem          ISO 45001:2018 tentang Sistem
Manajemen K3 untuk Gedung Bakrie          Manajemen K3 untuk Gedung              Manajemen K3 untuk Gedung
Tower di bawah manajemen                  Bakrie Tower di bawah                  Bakrie Tower di bawah
PT Provices Indonesia.                    manajemen PT Provices                  manajemen PT Provices
Maintained ISO 45001:2018                 Indonesia.                             Indonesia.
certification on the OHS Management       Maintained ISO 45001;2018 on           Maintained ISO 45001;2018 on
System for Bakrie Tower Building          OHS Management System for              OHS Management System for
under the management of PT Provices       Bakrie Tower Building under            Bakrie Tower Building under
Indonesia.                                the management of PT Provices          the management of PT Provices
                                          Indonesia.                             Indonesia.




2024                                      2023                                   2022
Dalam proses mendapatkan                  Dalam proses mendapatkan               Dalam proses mendapatkan
Gold Category untuk sertifikasi           Gold Category untuk sertifikasi        Gold Category untuk sertifikasi
Green Building dari Green                 Green Building dari Green              Green Building dari Green
Building Council Indonesia                Building Council Indonesia             Building Council Indonesia
(GBCI) kategori Existing                  (GBCI) kategori Existing               (GBCI) kategori Existing
Building-Bakrie Tower.                    Building-Bakrie Tower.                 Building-Bakrie Tower.
In the process of obtaining Gold          In the process of obtaining Gold       In the process of obtaining Gold
Category for Green Building               Category for Green Building            Category for Green Building
                                                                                                                      Bakrieland Annual Report 2024




certification from Green Building         certification from the Green           certification from the Green
Council Indonesia (GBCI) category         Building Council Indonesia (GBCI),     Building Council Indonesia (GBCI),
of Existing Building-Bakrie Tower.        category of Existing Building –        category of Existing Building –
                                          Bakrie Tower.                          Bakrie Tower.




                                                                                                                        13
Page 16
                                  Kilas Kinerja | Performance Highlights




                                  2024                                     2023                                2022
                                  Mempertahankan sertifikasi               Mempertahankan sertifikasi          Mempertahankan sertifikasi
                                  Fire Safety dari otoritas lokal          Fire Safety dari otoritas lokal     Fire Safety dari otoritas lokal
                                  untuk seluruh kompleks gedung            untuk seluruh kompleks gedung       untuk seluruh kompleks gedung
                                  perkantoran dan mal yang                 perkantoran dan mal yang            perkantoran dan mal yang
                                  dikelola oleh Perseroan.                 dikelola oleh Perseroan.            dikelola oleh Perseroan.
                                  Maintained the Fire Safety               Maintained the Fire Safety          Maintained the Fire Safety
                                  certification from the local             certification from the local        certification from the local
                                  authority for the entire compound        authority for the entire compound   authority for the entire compound
                                  of office buildings and malls            of office buildings and malls       of office buildings and malls
                                  managed by the Company.                  managed by the Company.             managed by the Company.




                                  2024                                     2023                                2022
                                  Mempertahankan ISO                       Mempertahankan ISO                  Mempertahankan ISO
                                  45001:2018 tentang Sistem                45001:2018 tentang Sistem           45001:2018 tentang Sistem
                                  Manajemen K3 di bawah                    Manajemen K3 di bawah               Manajemen K3 di bawah
                                  manajemen PT Provices                    manajemen PT Provices               manajemen PT Provices
                                  Indonesia.                               Indonesia.                          Indonesia.
                                  Maintained ISO 45001:2018                Maintained ISO 45001:2018           Maintained ISO 45001:2018
                                  certification on OHS Management          certification on OHS Management     certification on OHS Management
                                  System under the management of           System under the management of      System under the management of
                                  PT Provices Indonesia.                   PT Provices Indonesia.              PT Provices Indonesia.




                                  2024                                     2023                                2022
Bakrieland Laporan Tahunan 2024




                                  Mendapatkan sertifikasi ISO              Mempertahankan sertifikasi          Mempertahankan sertifikasi
                                  26.000 untuk keamanan pangan             Halal dari MUI untuk PT Jasa        Halal dari MUI untuk PT Jasa
                                  dan mempertahankan sertifikasi           Boga Raya anak perusahaan           Boga Raya anak perusahaan
                                  Halal dari MUI untuk PT Jasa             Perseroan yang bergerak dalam       Perseroan yang bergerak dalam
                                  Boga Raya anak perusahaan                bidang Food & Beverages.            bidang Food & Beverages.
                                  Perseroan yang bergerak dalam            Maintained Halal certification      Maintained Halal certification
                                  bidang Food & Beverages.                 from MUI for PT Jasa Boga Raya,     from MUI for PT Jasa Boga Raya,
                                  Obtained ISO 26.000 certification        a subsidiary of the Company         a subsidiary of the Company
                                  for food safety and maintained           operating in the Food &             operating in the Food &
                                  Halal certification from MUI for         Beverages business.                 Beverages business.
                                  PT Jasa Boga Raya, a subsidiary
                                  of the Company operating in the
                                  Food & Beverages business.
  14
Page 17
Ikhtisar Keuangan
Financial Highlights
                                                                                                                                      dalam jutaan Rupiah | in million Rupiah

                     Uraian
                                                             2024               2023               2022*)
                   Description
Laporan Laba Rugi dan Penghasilan                                                                                      Consolidated Statements of Profit or Loss
Komprehensif Lain Konsolidasian                                                                                            and Other Comprehensive Incomes
Pendapatan Neto                                              1.226.740          1.273.390           1.027.232                                          Net Revenues
Laba Kotor                                                     418.308            436.851            345.250                                              Gross Profit
Laba (Rugi) Usaha                                               93.785             93.698             (34.197)                             Operating Profit (Loss)
Rugi Neto                                                     (101.948)        (1.122.557)          (789.619)                                                  Net Loss
Rugi yang dapat diatribusikan kepada                                                                                                     Net Loss attributable to:
- Pemilik Entitas Induk                                       (68.528)         (1.079.192)         (245.309)                         Owners of the Parent Entity
- Kepentingan Non-Pengendali                                  (33.420)            (43.365)          (544.310)                            Non-controlling Interest
Rugi Komprehensif Neto                                        (107.030)         (1.110.602)        (904.962)                           Net Comprehensive Loss
Rugi Komprehensif Neto yang dapat diatribusikan kepada:                                                                 Net Comprehensive Loss attributable to:
- Pemilik Entitas Induk                                        (73.610)        (1.067.237)         (360.652)                                Owners of the Parent
- Kepentingan Non-Pengendali                                  (33.420)            (43.365)          (544.310)                            Non-controlling Interest
Rugi Neto Per Saham Dasar/Dilusian yang                                                                                Basic/Diluted Loss per Share Atributable
Diatribusikan Kepada Pemilik Entitas Induk                            (2)              (26)                  (18)                                   to Owners of
(Angka Penuh)                                                                                                                         Parent Entity (Full Amount)
Laporan Posisi Keuangan Konsolidasian                                                                               Consolidated Statement of Financial Position
Jumlah Aset Lancar                                            1.621.212         2.431.035          2.667.546                                  Total Current Assets
Jumlah Aset Tidak Lancar                                     7.120.805          6.208.018           7.245.913                           Total Non-Current Assets
Jumlah Aset                                                  8.742.017         8.639.053           9.913.459                                              Total Assets
Jumlah Liabilitas Jangka Pendek                              1.818.658         2.002.507            2.116.886                             Total Current Liabilities
Jumlah Liabilitas Jangka Panjang                               899.144            505.301            554.726                         Total Non-Current Liabilities
Jumlah Liabilitas                                            2.717.802         2.507.808            2.671.612                                         Total Liabilities
Jumlah Ekuitas                                              6.024.215            6.131.245          7.241.847                                           Total Equities
Laporan Arus Kas Konsolidasian                                                                                           Consolidated Statement of Cash Flows
Kas Neto yang Diperoleh dari Aktivitas
                                                                29.913             36.273                 90.075      Net Cash Provided by Operating Activities
Operasi
Kas Neto yang Diperoleh dari (Digunakan                                                                                Net Cash Provided by (Used In) Investing
                                                              (130.081)            (4.832)            241.621
Untuk) Aktivitas Investasi                                                                                                                            Activities
Kas Neto yang Diperoleh dari (Digunakan                                                                                Net Cash Provided by (Used in) Financing
                                                                 77.073           (45.801)         (302.924)
untuk) Aktivitas Pendanaan                                                                                                                             Activities
Penurunan Neto Kas dan Setara Kas                             (23.095)            (14.360)                28.772      Net Decreased in Cash and Cash Equivalent
Dampak Neto Perubahan Nilai Tukar Atas                                                                                 Net Effects of Changes in Exchange Rate
                                                                       7                (16)                 62
Kas dan Setara Kas                                                                                                                  on Cash and Cash Equivalen
Kas dan Setara Kas Awal Tahun                                                                                         Cash and Cash Equivalent at Beginning of
                                                               133.760             148.136            119.302
                                                                                                                                                      the Year
Kas dan Setara Kas Akhir Tahun                                 113.592            133.760             148.136 Cash and Cash Equivalent at End of the Year
Rasio Keuangan                                                                                                                                        Financial Ratio
Rasio Rugi Bersih terhadap Aset                                     (1%)              (13%)                 (8%)                          Return on Assets (ROA)
Rasio Rugi Bersih terhadap Ekuitas                                 (2%)               (18%)                 (11%)                       Return on Equities (ROE)
Rasio Marjin Laba Kotor terhadap
                                                                   34%                 34%                  34%                                 Gross Profit Margin
Pendapatan
Rasio Marjin Laba (Rugi) Usaha Terhadap
                                                                     8%                 7%                  (3%)                   Operating Profit (Loss) Margin
                                                                                                                                                                                Bakrieland Annual Report 2024




Pendapatan
Rasio Marjin Rugi Bersih terhadap
                                                                    (8%)             (88%)                 (77%)                                    Net Loss Margin
Pendapatan
Rasio Lancar                                                       89%                121%                 126%                                         Current Ratio
Rasio Liabilitas terhadap Aset                                      31%                29%                  27%                   Total Liabilities to Assets Ratio
Rasio Liabilitas terhadap Ekuitas                                  45%                 41%                  37%                    Total Liabilities to Equity Ratio
*) Tidak termasuk akun - akun PT Jungeland Asia yang sudah didekonsolidasi pada tanggal 1 Desember 2022
   Excluding the accounts of PT Jungleland Asia which have been deconsolidated on 1 December, 2022.




                                                                                                                                                                                  15
Page 18
                                  Kilas Kinerja | Performance Highlights




                                  Ikhtisar Bisnis
                                  Business Highlights



                                  Pendapatan Neto                                               Jumlah Liabilitas                                                  Rugi Neto Tahun Berjalan
                                  Net Revenues                                                  Total Liabilities                                                  Net Loss for the Year

                                    1.027                 1.273                1.227              2.672                2.508                  2.718                  (790)                (1.123)               (102)




                                    2022                  2023                 2024               2022                  2023                  2024                   2022                  2023                 2024

                                  (dalam milliar Rupiah | in billion Rupiah)                    (dalam milliar Rupiah | in billion Rupiah)                         (dalam milliar Rupiah | in billion Rupiah)




                                  Jumlah Aset                                                   Jumlah Ekuitas
                                  Total Assets                                                  Total Equities

                                    9.913                8.639                 8.742              7.242                 6.131                6.024




                                    2022                  2023                 2024               2023                  2022                  2024

                                  (dalam milliar Rupiah | in billion Rupiah)                    (dalam milliar Rupiah | in billion Rupiah)




                                  Pendapatan
                                  Revenues


                                      18%                                      82%                 22%                                        78%                      12%                                      88%
Bakrieland Laporan Tahunan 2024




                                                       2022                                                          2023                                                               2024




                                                                                       Pendapatan Tidak Berulang                             Pendapatan Berulang
                                                                                       Non-Recurring                                         Recurring



  16
Page 19
Ikhtisar Kinerja Saham
Stock Performance Highlights



INFORMASI HARGA SAHAM                                              SHARE PRICE INFORMATION

Selama tahun 2024, harga saham Perseroan tidak volatile dan        During the year 2024, the Company's share prices was not volatile
cenderung di harga Rp12.                                           and tended to be at a price of Rp12.

PENGHENTIAN SEMENTARA                                              TEMPORARY SUSPENSION OF STOCK
PERDAGANGAN SAHAM (SUSPENSION)                                     TRADING AND/OR DELISTING OF
DAN/ ATAU PENGHAPUSAN                                              SHARES
PENCATATAN SAHAM (DELISTING)

Sepanjang tahun 2024, Perseroan tidak pernah dikenakan             Throughout the year 2024, the Company was never subject
sanksi yang dapat berpengaruh terhadap aktivitas perdagangan       to sanctions that could have affected share-trading activities
saham di Bursa Efek tempat Perseroan mencatatkan saham             on the Stock Exchange where the Company lists and trades
dan memperdagangkan saham, baik penghentian sementara              shares, including temporary suspension of share trading and/
perdagangan saham (suspension) dan/atau pembatalan                 or cancellation of share listing (delisting). Thus, there is no
pencatatan saham (delisting). Dengan demikian, tidak terdapat      information related to the impact of the temporary suspension
informasi terkait dampak dari penghentian sementara                of share trading and/or cancellation of share listing (delisting)
perdagangan saham (suspension) dan/atau pembatalan                 to present in this Annual Report..
pencatatan saham (delisting), yang dapat disajikan dalam Laporan
Tahunan ini.

AKSI KORPORASI                                                     CORPORATE ACTION

Di sepanjang tahun 2024, tidak terdapat aksi korporasi, yang       Throughout the year 2024, there were no corporate actions that
menyebabkan terjadinya perubahan pada saham, seperti               caused changes to the shares, such as a stock split, reverse
pemecahan saham (stock split), penggabungan saham (reverse         stock, share dividends, bonus shares, changes in the nominal
stock), dividen saham, saham bonus, perubahan nilai nominal        value of shares, issuance of convertible securities, and additions
saham, penerbitan efek konversi, serta penambahan dan              and reductions to capital. Therefore, there was no information
pengurangan modal. Dengan demikian, tidak terdapat informasi       related to the date of corporate actions; stock splits, reverse
terkait tanggal pelaksanaan aksi korporasi; rasio pemecahan        stock, share dividends, bonus shares, the number of convertible
saham (stock split), penggabungan saham (reverse stock), dividen   securities issued, and changes in the nominal value of shares,
saham, saham bonus, jumlah efek konversi yang diterbitkan, dan     the number of shares outstanding after corporate actions; the
perubahan nilai nominal saham; jumlah saham beredar sesudah        number of convertible shares exercised (if any); and the share
aksi korporasi; jumlah saham konversi yang dilaksanakan ( jika     price after the corporate actions.
ada); dan harga saham sesudah aksi korporasi.

INFORMASI MENGENAI OBLIGASI SUKUK                                  INFORMATION ON SUKUK BONDS OR
ATAU OBLIGASI KONVERSI YANG MASIH                                  OUTSTANDING CONVERTIBLE BONDS
BEREDAR

Sepanjang tahun 2024, Perseroan tidak memiliki obligasi, sukuk,    Throughout the year 2024, the Company did not retain any
atau obligasi konversi yang beredar (outstanding). Dengan          bonds, sukuk, or outstanding convertible bonds. Thus, there is
demikian, tidak terdapat informasi mengenai obligasi/sukuk/        no information on bonds/sukuk/outstanding convertible bonds
                                                                                                                                        Bakrieland Annual Report 2024




obligasi konversi yang beredar (outstanding) pada laporan          to present in this Annual Report.
tahunan ini.




                                                                                                                                           17
Page 20
                                  Kilas Kinerja | Performance Highlights




                                  Peristiwa Penting
                                  Event Highlights




                                                                                                     April
                                                      Januari January
                                              Elite Club Rasuna Epicentrum          Program CSR Ramadan 1445 H
                                              Luncurkan Fasilitas Mini Golf         Ramadan 1445 H CSR Program
                                              Elite Club Rasuna Epicentrum
                                              Launched the Mini Golf Facility




                                                                                              Juli July
                                                Juni June
                                                                                Taman Belanda Hadir di
                                   Rapat Umum Pemegang Saham (RUPS)             Rivera Outbound & Edutainment
                                   Tahunan Perseroan & Perubahan Pengurus       The Dutch Garden at the Rivera Outbound
                                   Perseroan                                    & Edutainment
                                   The Company's Annual General Meeting of
                                   Shareholders (AGMS) & Change in Company's
                                   Management




                                                                                              Agustus August
Bakrieland Laporan Tahunan 2024




                                                    Juni June                          Program CSR Berbelanja
                                                                                       Bersama dengan 800 Anak Yatim
                                                                                       CSR Program: Shopping With 800
                                                                                       Orphans
                                       Perseroan Luncurkan
                                       Tata Nilai SIGAP
                                       The Company's Launched the
                                       SIGAP values




  18
Page 21
                      September                                     September
           Pelatihan Perdana Tata Nilai                   Perseroan Raih Best Corporate Social &
           SIGAP untuk Karyawan                           Environmental Responsibility Awards 2024
           Employees First Training on SIGAP              The Company's received "Best Corporate
           values                                         Social & Environmental Responsibility
                                                          Awards 2024"




      Oktober October                              November November
Kahuripan Nirwana                                Peluncuran Fasilitas Baru Aston Bogor
Luncurkan Cluster Veranda                        Aston Bogor Launched New Facilities
Kahuripan Nirwana Launched
the Veranda Cluster




                                                         November November
              Desember December                      Perseroan Group Raih The Most Committed
                                                     Corporate to SDG’s On Environment
                                                     Pillar Pada Ajang ISDA 2024
           Internalisasi tata nilai SIGAP            The Company's received "The Most
           untuk Leaders                             Committed Corporation to SDG's On
           Internalization of SIGAP values for       Environment Pillar" at ISDA 2024
           Leaders
                                                                                                     Bakrieland Annual Report 2024




                                                         Desember December
        Desember December
                                                     Perseroan Mengambil Alih Aston Sidoarjo
                                                     The Company's Acquisitioned Aston Sidoarjo
     Signing Business Plan & Budget
     Perseroan 2025-2029
     Signing of the Company's Business Plan
     & Budget 2025-2029


                                                                                                       19
Page 22
                                  Profil Perusahaan | Corporate Profile
Bakrieland Laporan Tahunan 2024




20
Page 23
02
Profil
Perusahaan
Corporate Profile




                    Bakrieland Annual Report 2024




                      21
Page 24
                                  Profil Perusahaan | Corporate Profile




                                  Data Perusahaan
                                  Company Data




                                  Nama Perusahaan                             PT Bakrieland Development Tbk
                                  Name of Company
                                  Bidang Usaha                                Developer dan Pembangunan Real Estate
                                  Type of Business                            Real Estate and Property Developer
                                  Komposisi Pemegang Saham per 31 Desember    · KPD Simas Equity Fund 2 (5.35%)
                                  2024                                        · Interventures Capital Pte. Ltd (5.12%)
                                  Shareholder Composition as of 31 December   · Masyarakat (Kepemilikan <5%) (89,53%)
                                  2024                                          Public (Ownership of <5%) (89.53%)

                                  Tanggal Pendirian                           12 Juni 1990
                                  Date of Establishment                       12 June 1990
Bakrieland Laporan Tahunan 2024




                                  Dasar Hukum Pendirian                       Didirikan berdasarkan Akta Notaris John Leonard Waworuntu, S.H., No. 209 dan
                                  Legal Basis of Establishment                telah disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan
                                                                              No. C2-1978.HT.01.01.TH.91 tanggal 31 Mei 1991 serta diumumkan dalam Berita
                                                                              Negara Republik Indonesia No. 93 tanggal 19 November 1991.

                                                                              Established under Notarial Deed of John Leonard Waworuntu, S.H., No. 209 and
                                                                              ratified by the Minister of Justice of the Republic of Indonesia based on Decision
                                                                              Letter No. C2-1978.HT.01.01.TH.91 dated 31 May 1991 and published in the State
                                                                              Gazette of the Republic of Indonesia No. 93 dated 19 November 1991.

                                  Modal Dasar                                 Rp10.000.000.000.000
                                  Authorized Capital                          Rp10,000,000,000,000


 22
Page 25
Modal Ditempatkan dan Disetor Penuh      43.521.913.019
Issued and Fully Paid Capital Stock      43,521,913,019
Pencatatan Saham                         30 Oktober 1995
Stock Listing                            30 October 1995
Kode Saham                               ELTY
Stock Code
Bursa                                    Bursa Efek Indonesia
Stock Exchange                           Indonesia Stock Exchange
Jumlah SDM per 31 Desember 2024          7.279 karyawan
Total Employees as of 31 December 2024   7,279 employees
Alamat Kantor Pusat                      Wisma Bakrie I
                                                                                  Bakrieland Annual Report 2024




Head Office Address                      Jl. H.R. Rasuna Said Kav B-1, 6th Foor
                                         Jakarta 12920 – Indonesia
                                         Tel: 021-5257835
                                         Fax: 5225063
Situs Web                                http://www.bakrieland.com
Website
E-Mail                                   corporate.info@bakrieland.com
Hubungan Investor                        corporate.info@bakrieland.com
Investor Relations
Media Sosial                             @Bakrieland_Group
Social Media                             (Instagram, Tiktok, dan Facebook)
                                         (Instagram, Tiktok, and Facebook)
                                                                                   23
Page 26
                                  Profil Perusahaan | Corporate Profile




                                  Sejarah Perusahaan
                                  Company History




                                  Pada mulanya, PT Bakrieland Development Tbk (“Bakrieland”        Initially, PT Bakrieland Development Tbk (“Bakrieland” or
                                  atau “Perseroan”) didirikan dengan nama PT Purilestari Indah     “Company”) was established on 12 June 1990 under the name
                                  Pratama sebagai sebagai perusahaan pengembang properti           PT Purilestari Indah Pratama as a property development company
                                  di Indonesia pada tanggal 12 Juni 1990. Namun, empat tahun       in Indonesia. However, four years following its establishment,
                                  setelah didirikan yaitu pada Desember 1994, Perseroan berganti   in December 1994 the Company changed its name to PT Elang
                                  nama menjadi PT Elang Realty dan pada Oktober 1995, PT Elang     Realty and in October 1995, PT Elang Realty conducted a grand
                                  Realty melakukan aksi korporasi besar berupa Penawaran Umum      corporate action in the form of an Initial Public Offering (IPO)
                                  Perdana Saham (IPO) di Bursa Efek Indonesia (BEI) (d/h Bursa     on the Indonesia Stock Exchange (BEI) (previously known as
                                  Efek Jakarta). Sehingga, pencatatan nama perusahaan kembali      Jakarta Stock Exchange). Thus, the registered company name
                                  berubah menjadi PT Elang Realty Tbk.                             was again changed to PT Elang Realty Tbk.

                                  Setelah resmi memperdagangkan sahamnya di BEI, pada              When officially traded, its shares in BEI in 1997, PT Elang Realty
Bakrieland Laporan Tahunan 2024




                                  tahun 1997, PT Elang Realty Tbk kembali melakukan perubahan      Tbk again changed its name to PT Bakrieland Development Tbk.
                                  nama menjadi PT Bakrieland Development Tbk. Sejak saat itu,      From then on, the Company continued to show its existence as
                                  Perseroan terus menunjukkan eksistensinya sebagai perusahaan     an integrated area developer in Indonesia engaged in property
                                  pengembang kawasan terpadu di Indonesia yang bergerak dalam      and other property-related project development.
                                  pembangunan properti dan proyek-proyek terkait properti.




 24
Page 27
Adapun kegiatan bisnis Perseroan yaitu berfokus pada                   The Company’s business activities are focused on residential
pengembangan hunian segmen menengah dan menengah-                      development for the middle and middle-upper segments in
atas di berbagai lokasi strategis di Indonesia. Selain menjadi         various strategic locations throughout Indonesia. Aside from
pengembang superblock pertama dan terbesar di kawasan                  being the first and biggest superblock developer in Jakarta’s
bisnis utama Jakarta, dengan Rasuna Epicentrum, Perseroan              main business district with the Rasuna Epicentrum, the Company
juga merupakan pengembang hunian segmen menengah atas                  is also the largest upper-middle segment residential developer
terbesar di Kota Bogor, dengan Bogor Nirwana Residence.                in the city of Bogor, with Bogor Nirwana Residence.

Pada tahun 2007, Perseroan berhasil mengembangkan usaha                In the year 2007, the Company succeeded in developing the
taman rekreasi yang berawal dari The Jungle Waterpark.                 recreational park business, starting with The Jungle Waterpark.
Selanjutnya, Perseroan meluncurkan taman rekreasi Rivera               Thereafter, the Company launched the Rivera Outbound &
Outbound & Edutainment. Pada tahun 2014, Perseroan juga                Edutainment recreational park. In 2014, the Company also
mengembangkan township Kahuripan Nirwana di Sidoarjo,                  developed the Kahuripan Nirwana township in Sidoarjo, East
Jawa Timur, dan mulai mengembangkan bisnis lainnya di                  Java, and began developing other businesses in Jogyakarta
Yogyakarta melalui Awana Yogyakarta yang merupakan                     through the Awana Jogyakarta, a combination of a residential
perpaduan antara kawasan hunian dan hotel the Alana Malioboro.         area and the Alana Malioboro hotel. Following this success in
Setelah keberhasilan ini, pada tahun 2014, Perseroan kembali           2014, the Company returned to residential development in Bogor
mengembangkan hunian di Bogor melalui proyek Bumi Pakuan.              through the Bumi Pakuan project.

Pada tahun 2024, Perseroan menambah portfolio produk hotelnya          In the year 2024, the Company further expanded its hotel
dengan mengambil alih Aston Sidoarjo City Hotel & Conference           product portfolio by taking over the Aston Sidoarjo City Hotel
Center.                                                                & Conference Center.

Perseroan selalu melahirkan produk-produk berkualitas yang             The Company has always delivered quality products that provide
memberikan kepuasan kepada mitra bisnis dan pelanggan. Hal             satisfaction to its business partners and customers. This has been
ini merupakan komitmen manajemen untuk menjaga mutu secara             the management’s commitment to consistently maintain quality
konsisten dengan menerapkan standar-standar ISO 9001:2008,             by applying ISO 9001:2008 standards, equivalent to international
yang setara dengan standar internasional, yang telah disertifikasi     standards, which were certified in 2004 and upgraded to ISO
pada tahun 2004 dan ditingkatkan menjadi ISO 9001:2015 untuk           9001:2015 standards for malls, hotels, and real estate properties
mal, hotel, dan properti real estate tahun 2017.                       in 2017.

Secara keseluruhan di tahun 2024, Perseroan memiliki 4                 Overall in 2024, the Company owns 4 (four) projects, where 1
(empat) proyek, dimana 1 (satu) proyek sedang dalam tahap              (one) project was in the initial stage of operation; 2 (two) housing
awal pelaksanaan; 2 (dua) proyek perumahan di lokasi yang              projects located in the Bogor area; and 1 (one) tourist project in
tersebar di area Bogor; dan 1 (satu) proyek wisata di area Kalianda,   the Kalianda area, Lampung, which is currently in the construction
Lampung yang saat ini masih dalam proses konstruksi dengan             process with an opening target in March 2025.
target opening pada Maret 2025.
                                                                                                                                              Bakrieland Annual Report 2024




                                                                                                                                              25
Page 28
                                  Profil Perusahaan | Corporate Profile




                                  Jejak Langkah
                                  Milestones

                                                        1984-1990                                                                 1995-2004
                                  • Juni 1984 | June 1984                                                   • Oktober 1995 | October 1995
                                   Kelompok Usaha Bakrie melalui PT Catur Swasakti Utama (sekarang           Pada 30 Oktober 1995, Perseroan untuk pertama kalinya melakukan
                                   bernama PT Bakrie Swasakti Utama, anak perusahaan Perseroan),             Penawaran Umum Saham Perdana di Bursa Efek Indonesia (d/h Bursa
                                   memulai bisnis pembangunan properti dengan membangun Wisma                Efek Jakarta) sebanyak 110.000.000 saham dengan nilai nominal Rp500
                                   Bakrie, gedung Graha Kapital, dan Apartemen Taman Rasuna di Jakarta.      per saham dan harga penawaran sebesar Rp625 per saham.
                                   The Bakrie Group, through PT Catur Swasakti Utama (currently              On 30 October 1995, for the first time, the Company conducted an Initial
                                   PT Bakrie Swasakti Utama, a subsidiary of the Company’s), began its       Public Offering on the Indonesia Stock Exchange (formerly Jakarta Stock
                                   property development business with the construction of Wisma Bakrie,      Exchange) of 110,000,000 shares with a nominal value of Rp500 per
                                   Graha Kapital buildings, and Taman Rasuna Apartment in Jakarta.           share and an offering price of Rp625 per share.

                                  • Juni 1990 | June 1990                                                   • September 1997 | September 1997
                                   Perseroan didirikan dengan nama PT Puri Lestari Indah Pratama pada        Penawaran Umum Terbatas I sebanyak 1.050.000.000 saham biasa.
                                   Juni 1990 dan berganti nama menjadi PT Elang Realty pada Desember         Limited Public Offering I of 1,050,000,000 common stock.
                                   1994. Selanjutnya pada tahun 1997, PT Elang Realty kembali mengubah
                                   namanya menjadi PT Bakrieland Development Tbk.
                                   The Company was established under the name PT Puri Lestari Indah
                                                                                                            • Mei 2004 | May 2004
                                                                                                             Perseroan mengakuisisi 73,48% kepemilikan saham
                                   Pratama in June 1990 and changed its name to PT Elang Realty in
                                                                                                             PT Bakrie Swasakti Utama.
                                   December 1994. Subsequently, in the year 1997, PT Elang Realty again
                                                                                                             The Company’s acquired 73.48% of share ownership in
                                   changed its name to PT Bakrieland Development Tbk.
                                                                                                             PT Bakrie Swasakti Utama.



                                                        2013-2014                                                                  2012-2013

                                  • Desember 2013 | December 2013                                           • Desember 2012 | December 2012
                                   Perseroan melalui PT Bakrie Swasakti Utama melakukan divestasi aset       Perseroan melakukan divestasi dengan melepas seluruh
                                   properti Epicentrum Walk Mall, yang merupakan pusat perbelanjaan          kepemilikannya di PT Lido Nirwana Parahyangan
                                   dan hiburan yang berlokasi di kawasan Rasuna Epicentrum.                  (d/h PT Fusion Plus Indonesia).
                                   The Company, through PT Bakrie Swasakti Utama, divested its property      The Company divested its total ownership in PT Lido Nirwana
                                   asset of the Epicentrum Walk Mall, a shopping and entertainment center    Parahyangan (formerly PT Fusion Plus Indonesia).
                                   located in the Rasuna Epicentrum area.
                                                                                                            • April 2013 | April 2013
                                  • Juni 2014 | June 2014                                                    Perseroan melalui PT Graha Andrasentra Propertindo Tbk melakukan
                                   Perseroan melalui Anak Perusahaan PT Bakrie Swasakti Utama                divestasi atas 15% kepemilikan saham pada PT Bukit Jonggol Asri.
                                   melakukan akuisisi 99,21% saham PT Mutiara Masyhur Sejahtera.             The Company through PT Graha Andrasentra Propertindo Tbk divested
                                   The Company, through Subsidiary PT Bakrie Swasakti Utama, acquired        its 15% shareholding in PT Bukit Jonggol Asri.
                                   99.21% of the share in PT Mutiara Masyhur Sejahtera.
                                                                                                            • Juli & Agustus 2013 | July & August 2013
                                  • Oktober 2014 | October 2014                                              Perseroan melalui PT Bakrie Nirwana Semesta dan Sugilite Company
                                   Perseroan melalui Anak Perusahaan PT Graha Andrasentra Propertindo        Limited melakukan divestasi atas 100% saham pada PT Bali Nirwana
                                   Tbk telah menyelesaikan divestasi 35% kepemilikan saham pada              Resort.
                                   PT Bukit Jonggol Asri kepada PT Sentul City Tbk dan                       The Company, through PT Bakrie Nirwana Semesta and Sugilite
                                   PT Gili Tirta Anugrah.                                                    Company Limited, divested 100% of its shares in PT Bali Nirwana Resort.
                                   The Company, through Subsidiary PT Graha Andrasentra Propertindo
                                   Tbk, completed its divestment of 35% shares ownership in PT Bukit
                                   Jonggol Asri to PT Sentul City Tbk and PT Gili Tirta Anugrah.



                                                        2014-2015                                                                  2016-2018
                                  • Oktober 2014 | October 2014                                             • Juni 2016 | June 2016
                                   Perseroan melalui Anak Perusahaan PT Graha Andrasentra Propertindo        Penawaran Umum Saham Perdana PT Graha Andrasentra Propertindo Tbk
                                   Tbk melakukan akuisisi 100% saham PT JungleLand Asia dari PT Bukit        (Anak Perusahaan) yang dilakukan di Jakarta.
                                   Jonggol Asri dan PT Sentul City Tbk masing-masing sebesar 60% dan         Initial Public Offering of PT Graha Andrasentra Propertinddo Tbk (Subsidiary)
                                   40%.                                                                      conducted in Jakarta.
Bakrieland Laporan Tahunan 2024




                                   The Company, through Subsidiary PT Graha Andrasentra Propertindo
                                   Tbk, acquired 100% shares of PT JungleLand Asia from PT Bukit Jonggol
                                   Asri and PT Sentul City Tbk each with 60% and 40% respectively.
                                                                                                            • November 2017 | November 2017
                                                                                                             Skema restrukturisasi utang obligasi Perseroan senilai USD155 juta disetujui
                                                                                                             melalui putusan Pengadilan Tinggi Singapura.
                                  • Juni 2015 | June 2015                                                    The Company’s bond debt restructuring scheme of USD155 million was
                                   • Perseroan melakukan akuisisi saham PT Jasa Boga Raya dari               approved through a Singapore High Court ruling.
                                     PT Danatama Perkasa sebesar 85%.
                                   • Perseroan melalui Anak Perusahaan PT Bakrie Nirwana Semesta
                                     melakukan divestasi atas 100% saham PT Samudera Asia Nasional.
                                                                                                            • Januari 2018 | January 2018
                                                                                                             Perseroan mendapatkan persetujuan pemegang saham dalam Rapat
                                   • The Company acquired 85% of the shares of PT Jasa Boga Raya from
                                                                                                             Umum Pemegang Saham Luar Biasa (RUPSLB) untuk menyelesaikan skema
                                     PT Danatama Perkasa.
                                                                                                             restrukturisasi dan penerbitan sebanyak 2.518.461.951 waran melalui
                                   • The Company through its Subsidiary PT Bakrie Nirwana Semesta
                                                                                                             mekanisme penambahan modal tanpa Hak Memesan Efek Terlebih Dahulu
                                     divested 100% of the shares of PT Samudera Asia Nasional.
                                                                                                             (HMETD).
                                                                                                             The Company acquired the shareholders’ approval at the Extraordinary General
                                                                                                             Meeting of Shareholders (EGMS) to finalize the restructuring scheme and
                                                                                                             issuance of 2,518,461,951 warrants through the capital increase mechanism
 26                                                                                                          without Pre-Emptive Rights.
Page 29
                     2005-2008                                                                        2009
• November 2005 | November 2005                                            • Juli 2009 | July 2009
 • Penawaran Umum Terbatas II sebanyak 4.200.000.000 saham biasa.           • Penerbitan Sukuk Ijarah I Bakrieland Development dengan sisa
 • Avenue Luxembourg Sarl membeli 12% kepemilikan saham dalam                 imbalan sebesar Rp150.000.000.000.
   PT Bakrieland Development Tbk.                                           • Melalui PT Bakrie Nirwana Semesta, Perseroan meningkatkan
 • Limited Public Offering II of 4,200,000,000 common stock.                  penyertaan modal pada PT Bali Nirwana Resort menjadi 52,55%.
 • Avenue Luxembourg Sarl purchased 12% share ownership of                  • Issuance of Bakrieland Development’s Sukuk Ijarah I with residual
   PT Bakrieland Development Tbk.                                             benefit of Rp150,000,000,000.
                                                                            • Through PT Bakrie Nirwana Semesta, the Company’s increased its
• April 2007 | April 2007                                                     equity investment in PT Bali Nirwana Resort to 52.55%.
 Penawaran Umum Terbatas III sebanyak 14.000.000.000 saham biasa.
 Limited Public Offering III of 14,000,000,000 common stock.               • Oktober 2009 | October 2009
                                                                            Melalui PT Bakrie Toll Road yang sahamnya 99,99% dimiliki oleh
• Maret 2008 | March 2008                                                   PT Bakrie Infrastructure (anak perusahaan), Perseroan meningkatkan
                                                                            investasinya pada PT Semesta Marga Raya menjadi 64,98%.
 Penerbitan Obligasi I Bakrieland Development tahun 2008 dengan
                                                                            Through PT Bakrie Toll Road, of which 99.99% of its shares is owned
 tingkat bunga tetap sebesar Rp500.000.000.000.
                                                                            by PT Bakrie Infrastructure (subsidiary), the Company’s increased its
 Issuance of Bakrieland Development’s Bond I of year 2008 with a fixed
                                                                            investment in PT Semesta Marga Raya to 64.98%.
 interest rate of Rp500,000,000,000.




                      2010-2011                                                                        2010
• Agustus 2010 | August 2010                                               • Januari 2010 | January 2010
 Perseroan mengambil saham baru yang diterbitkan oleh PT Bukit              Perseroan meningkatkan kepemilikan menjadi 100% di
 Jonggol Asri sebanyak 666.666.667 saham atau 37,88%.                       PT Semesta Marga Raya melalui anak perusahaannya, PT Satria Cita
 The Company acquired new shares issued by PT Bukit Jonggol Asri a          Perkasa, Pan Galactic Investment Ltd., dan Transglobal Finance Ltd.
 total of 666,666,667 shares or 37.88%.                                     The Company increased its ownership to 100% in PT Semesta Marga
                                                                            Raya through its subsidiaries, PT Satria Cita Perkasa, Pan Galactic
• Januari 2011 | January 2011                                               Investment Ltd., and Transglobal Finance Ltd.
 Perseroan mengambil saham baru yang diterbitkan oleh
 PT Bukit Jonggol Asri sebanyak 170.000.000 saham sehingga                 • Maret 2010 | March 2010
 kepemilikan meningkat menjadi 43,36%.                                      Melalui anak perusahaan BLD Investment Pte. Ltd., Perseroan
 The Company acquired new shares issued by PT Bukit Jonggol Asri a          menerbitkan Equity-Linked Bond sebesar USD155.000.000.
 total of 170,000,000 shares that its ownership increased to 43.36%.        Through its subsidiary, BLD Investment Pte. Ltd., the Company issued
                                                                            Equity-Linked Bond amounting to USD155,000,000.
• September 2011 | September 2011
 Perseroan mengambil saham baru yang diterbitkan oleh                      • Juni 2010 | June 2010
 PT Bukit Jonggol Asri sebanyak 256.333.333 saham sehingga                  Penawaran Umum Terbatas IV sebanyak 19.959.885.695 saham biasa
 kepemilikan meningkat menjadi 50%.                                         Seri B dengan nilai nominal Rp100 per saham dan dengan harga
 The Company acquired new shares issued by PT Bukit Jonggol Asri a          penawaran Rp160 per saham atau sebesar Rp3.193.581.711.200, yang
 total of 256,333,333 shares that its ownership increased to 50%.           tercatat di Bursa Efek Indonesia.
                                                                            Limited Public Offering IV of 19,959,885,695 common stock B Series with
                                                                            a nominal value of Rp100 per share and an offering price of Rp160 per
                                                                            share or the amount of Rp3,193,581,711,200, listed on the Indonesia Stock
                                                                            Exchange.



                           2018                                                                  2019-2024
• Februari 2018 | February 2018                                            • September 2019 | September 2019
 • Perseroan memenuhi syarat efektif skema restrukturisasi dan              Perseroan melakukan divestasi mayoritas kepemilikan sahamnya
   menyampaikan completion notice ke pengadilan tinggi Singapura.           dalam PT Bakrie Nirwana Semesta kepada PT Riverton Group.
 • Perseroan melakukan distribusi atas waran perusahaan dan 37,9%           The Company divested its majority share ownership in PT Bakrie Nirwana
   saham PT Graha Andrasentra Propertindo Tbk (GAP) melalui anak            Semesta to PT Riverton Group.
   perusahaan PT Prima Bisnis Utama (PBU) kepada kreditor, sebagai
                                                                                                                                                        Bakrieland Annual Report 2024




   bagian dari pemenuhan skema restrukturisasi.
 • The Company complied with the effective requirements of the
                                                                           • Desember 2022 | December 2022
                                                                            Perseroan melalui Unit Usaha, PT Graha Andrasentra Propertindo Tbk
   restructuring scheme and submitted the completion notice to the
                                                                            melepaskan 51,44% kepemilikan saham di PT Jungleland Asia (JLA)
   Singapore High Courts.
                                                                            kepada PT Adiprotek Envirodunia.
 • The Company distributed its warrants and 37.9% shares of PT Graha
                                                                            The Company, through Business Unit PT Graha Andrasentra Propertindo
   Andrasentra Propertindo Tbk (GAP) through subsidiary PT Prima Bisnis
                                                                            Tbk, released 51.44% of its share ownership in PT Jungleland Asia (JLA)
   Utama (PBU) to the creditors, as part of fulfilling the restructuring
                                                                            to PT Adiprotek Envirodunia.
   scheme.

• Maret 2018 | March 2018                                                  • Desember 2024 | December 2024
                                                                            Perseroan melalui Unit Usaha PT Mutiara Masyhur Sejahtera (PT MMS)
 Penerbitan final notice dari Pengadilan Tinggi Singapura atas telah
                                                                            mengambil alih PT Graha Istana Nirwana (GIN) yang merupakan pemilik
 terpenuhinya skema restrukturisasi yang menyatakan bahwa kreditor
                                                                            hotel Aston Sidoarjo City Hotel & Conference Center (Aston Sidoarjo).
 membebaskan Perseroan dari kewajiban dan segala jaminan.
                                                                            The Company, through Business Unit PT Mutiara Masyhur Sejahtera (PT
 Issuance of the final notice from the Singapore High Courts for the
                                                                            MMS), gained possession of PT Graha Istana Nirwana (GIN), owner of the
 completion of the restructuring scheme which stated that the creditor
                                                                            Aston Sidoarjo City Hotel & Conference Center (Aston Sidoarjo).
 released the Company from obligations and all collaterals.                                                                                               27
Page 30
                                  Profil Perusahaan | Corporate Profile




                                  Visi, Misi, Nilai dan Budaya Perusahaan
                                  Vision, Mission, Values and Corporate Culture



                                                      Visi Vision
                                                      Menjadi perusahaan properti terintegrasi yang terdepan di Indonesia.
                                                      To be a leading integrated property company in Indonesia.



                                                      Misi Mission
                                                      Mewujudkan living products berkualitas dan terintegrasi bagi bangsa melalui
                                                      pemanfaatan kompetensi internal dan mitra bisnis dengan cara yang menjunjung tinggi
                                                      keberlanjutan finansial dan lingkungan.
                                                      Delivering integrated quality living products for the nation that leverage our competencies
                                                      and development partners in a way that upholds financial and environmental sustainability.



                                  Nilai dan Budaya Perusahaan
                                  Values and Corporate Culture



                                                                                       BUDAYA PERUSAHAAN
                                                                                        CORPORATE CULTURE




                                                  Kewirausahaan, Kekeluargaan
                                                       dan Profesionalisme            Pelayanan Berkualitas Terbaik                    Inovasi
                                                  Entrepreneurship, Togetherness         Excellent Service Quality                   Innovation
                                                        and Professionalism




                                                                  TATA NILAI
                                                                   VALUES




                                                               Sinergi             Mengutamakan kerjasama dan kolaborasi untuk nilai tambah yang lebih besar.
                                                               Synergy             Prioritizing cooperation and collaboration for higher added value.



                                                                Inovatif           Kreativitas menuju perubahan positif. “Kebaruan” yang menciptakan nilai.
                                                              Innovative           Creativity towards positive change. ”Innovation/Novelty” that creates value.
Bakrieland Laporan Tahunan 2024




                                                                                   Cepat dan tangkas dalam menangkap peluang dan menghadapi berbagai
                                                               Gesit
                                                                                   tantangan.
                                                           Responsiveness
                                                                                   Fast and competent in seizing opportunities and in facing various challenges.


                                                         Amanah (Integrity)        Menjunjung tinggi etika dan kejujuran.
                                                             Integrity             Hold high ethics and honesty.



                                                           Peduli (Caring)         Menunjukkan kebaikan dan kepedulian.
                                                              Caring               Portray goodness and care



28
Page 31
Bidang Usaha
Line of Business




Kegiatan Usaha Sesuai Anggaran Dasar                                Business Activities Based on Most Recent
Terakhir                                                            Articles of Association
Berdasarkan perubahan Anggaran Dasar terakhir yang                  Based on the most recently amended Articles of Association as
dituangkan dalam Akta No. 4 yang dibuat oleh Aulia Taufani, S.H.,   disclosed in Deed No. 4 made before Aulia Taufani, S.H., MKn,
MKn, Notaris di Jakarta, tanggal 1 September 2021, Perseroan        Notary in Jakarta, dated 1 September 2021, the Company carries
menjalankan kegiatan usaha di bidang properti. Kegiatan usaha       out its business activities in the property field. The Company’s
Perseroan, meliputi pembangunan, perdagangan dan jasa yang          business activities include trade and services connected to real
berhubungan dengan real estate, properti dan infrastruktur.         estate, property, and infrastructure.



Kegiatan Usaha yang Telah Dijalankan                                Business Activities Conducted in 2024
Hingga Tahun 2024
Selama tahun 2024, Perseroan menjalankan kegiatan usaha             During the year 2024, the Company carried out its business
yang sesuai dengan Anggaran Dasar terakhirnya.                      activities in accordance with the most recent applicable Articles
                                                                    of Association.

Produk dan Jasa Yang Dihasilkan                                     Products and Services Generated
                                                                                                                                           Bakrieland Annual Report 2024




Perseroan mengembangkan kawasan dengan berbagai                     The Company develops areas with various property product
portfolio produk properti di bidang perumahan, hotel, mal,          portfolios in housing, hotels, mall, apartments, offices, recreation
apartemen,perkantoran, taman rekreasi, dan manajemen properti       parks and property management in Indonesia.
di Indonesia.




                                                                                                                                            29
Page 32
                                  Profil Perusahaan | Corporate Profile




                                  Wilayah Operasional
                                  Areas of Operation




                                  Lampung

                                                                Jakarta

                                            Bogor
                                                            Sentul


                                                                                                          Sidoarjo
                                                                                   Yogyakarta




                                      Bogor                                          Jakarta


                                      Bogor Nirwana Residence                        Rasuna Epicentrum                                 Provices Group
                                      PT Graha Andrasentra Propertindo Tbk           PT Bakrie Swasakti Utama                          PT ProVices Indonesia

                                      Kawasan pengembangan seluas ±300 Ha            Kawasan pengembangan di area CBD Kuningan         Memfokuskan bisnisnya pada
                                      untuk proyek perumahan menengah-atas           seluas 53,5 Ha, merupakan proyek superblock       jasa pengelolaan properti
                                      di pusat kota Bogor, Jawa Barat, yang          pertama, terbesar dan terlengkap di Jakarta       (property management).
                                      dilengkapi area komersial, Aston Bogor         yang terdiri dari Apartemen, Perkantoran,
                                      Hotel & Resort dan taman rekreasi (The         Komersial, Hotel dan Pusat Kebugaran.             Focuses its business on property
                                      Jungle Waterpark dan Rivera Outbound &                                                           management services.
                                      Edutainment ) secara terintegrasi.             A development area of 53.5 Ha in Kuningan CBD,
                                                                                     the first, largest and most complete superblock
                                      A development area of ±300 Ha for a            project in Jakarta consisting of Apartments,
                                      middle-upper segment housing project in        Office and Commercial Space, Hotels and Fitness
Bakrieland Laporan Tahunan 2024




                                      central Bogor, West Java, complete with an     Centers.
                                      integrated commercial area, Aston Bogor
                                      Hotel & Resort and recreation parks (The
                                      Jungle Waterpark and Rivera Outbound &
                                      Edutainment).                                  Sentra Timur Residence                            Wisma Bakrie
                                                                                     PT Bakrie Pangripta Loka                          PT Bakrie Swasakti Utama

                                                                                     Kawasan proyek Rusunami yang berlokasi di         Area perkantoran yang terdiri
                                                                                     kawasan Pulogebang, Jakarta Timur dengan          dari 2 gedung dengan luas area
                                                                                     total mencapai 7 menara yang sudah dibangun.      sewa mencapai 25.157 m2.

                                                                                     Rusunami (low-cost apartment) complex project     Offices area consist of 2 office
                                                                                     located in the Pulogebang area, East Jakarta,     buildings with leasing space of
                                                                                     with 7 built towers.                              up to 25,157 sqm.




30
Page 33
Sentul                                             Lampung                                             Yogyakarta


PT Jasa Boga Raya                                  Kalianda Nirwana Resort                             Awana
                                                   PT Krakatau Lampung Tourism Development             PT Graha Multi Insani

Perusahaan yang bergerak dalam usaha               Merupakan kawasan resor dan rekreasi                Terletak di pusat kota Yogyakarta,
tata boga dengan outlet di JungleLand              terpadu yang berlokasi di Kalianda,                 kawasan seluas 1,8 Ha terdiri dari hotel
dan The Jungle Waterpark, serta jasa               Lampung Selatan seluas 20 Ha di dalam               The Alana Hotel and Conference Center
katering yang memiliki pilihan menu                kawasan Kalianda Nirwana Resort yang                Malioboro yang memiliki 296 unit kamar
nusantara maupun manca negara.                     mengelola total luas area 350 Ha.                   hotel dan juga perumahan dengan 38 unit
                                                                                                       townhouse.
A company engaged in the catering                  An integrated resort and recreation
business with outlets in JungleLand and            compound of 20 Ha located in Kalianda,              Located in the city center of Yogyakarta,
The Jungle Waterpark, as well as catering          South Lampung, within di Kalianda Nirwana           the 1.8 Ha area consists of The Alana Hotel
services with a vast range of local and            Resort area that manages a total area of            and Conference Center Malioboro which
international choices of menu.                     350 Ha.                                             has 296 hotel rooms and also housing with
                                                                                                       38 townhouse units.



Sidoarjo
                                                                                                                                                     Bakrieland Annual Report 2024




Kahuripan Nirwana
PT Mutiara Masyhur Sejahtera

Pengembangan Township yang terletak di Kota Sidoarjo, Jawa Timur dengan masterplan seluas ±634 Ha yang terdiri dari perumahan, apartemen,
dan yang terbaru hotel Aston Sidoarjo City Hotel and Conference Center.
A Township development located in the city of Sidoarjo, East Java with a masterplan spread to + 634 Ha consisting of housing, apartement, and the
latest Aston Sidoarjo City Hotel and Conference Center.



                                                                                                                                                       31
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                                  Profil Perusahaan | Corporate Profile




                                  Struktur Perusahaan
                                  Company Structure



                                    PT Bakrieland Development Tbk

                                        Limitless World International
                                        Services 6 Limited              100,00%

                                        PT Superwish Perkasa            69,99%    1


                                        PT Bumi Daya Makmur             69,99%    2



                                        PT Bakrie Swasakti Utama        69,63%    3     PT Bakrie Pangripta Loka                    26,00%       4



                                                                                        PT Bakrie Pesona Rasuna                     98,80%

                                                                                        PT Graha Multi Insani                       99,20%       5


                                                                                        PT Rasuna Residence Development                       99,91%      6




                                                                                        PT Provices Indonesia                  99,99%                              PT Provices Karya Mandiri                96,00%

                                                                                                                                                                   PT Provices Lintas Mandiri               99,95%

                                                                                                                                                                   PT Provices Prima Mandiri                99,26%

                                                                                                                                                                   PT Provices Total Mandiri                99,93%

                                                                                        PT Mutiara Masyhur Sejahtera                 2,92% 7                       PT Maju Makmur Sejahtera                 99,00%

                                                                                                                                                                   PT Nugraha Adhikarsa Pratama             99,00%


                                                                                                                                                                   PT Inti Permata Sejati                   99,00%


                                                                                                                                                                   PT Mitra Langgeng Sejahtera               99,01%

                                                                                                                                                                   PT Megah Djati Karya                     99,00%

                                                                                                                                                                   PT Graha Istana Nirwana                  100,00%



                                        BLD Investment Pte, Ltd         100,00%         BLD Asia Pte. Lte                     100,00%

                                        PT Jasa Boga Raya               85,00%

                                        PT Surya Global Nusantara       99,99%    8     PT Graha Andrasentra                  38,76%                               PT Andrasentra Properti Services 99,99%
                                                                                        Propertindo Tbk

                                                                                  9    1. Melalui Limitless World International Services-6 Limited 30% melalui PT Bakrie Swasakti Utama 0,01%
                                        PT Prima Bisnis Utama           99,81%
                                                                                       2. Melalui Limitless World International Services-6 Limited 30% melalui PT Bakrie Swasakti Utama 0,01%
                                                                                       3. Melalui Limitless World International Services-6 Limited 30%
                                        PT Citrasaudara Abadi           99,99%    10   4. Melalui PT Bakrie Swasakti Utama 74%
                                                                                       5. Melalui PT Superwish Perkasa 0,8%
Bakrieland Laporan Tahunan 2024




                                                                                       6. Melalui PT Graha Multi Insani 0,09%
                                        PT Bahana Sukma Sejahtera       99,96%    11   7. Melalui PT Bakrie Swasakti Utama 36,89%, PT Bumi Daya Makmur 17,2%, PT Superwish Perkasa 42,2%
                                                                                       8. Melalui PT Jasa Boga Raya 0,01%
                                                                                       9. Melalui PT Jasa Boga Raya 0,09%
                                        PT Bakrie Nirwana Realty        99,99%    12   10. Melalui PT Jasa Boga Raya 0,01%
                                                                                       11. Melalui PT Jasa Boga Raya 0,04%
                                        PT Krakatau Lampung                            12. Melalui PT Citrasaudara Abadi 0,01%
                                        Tourism Development             99,88%
                                                                                       1. Ownership of Limitless World International Services 6 Limited is 30% and through PT Bakrie Swasakti Utama 0.01%
                                                                                       2. Ownership of Limitless World International Services 6 Limited is 30% and through PT Bakrie Swasakti Utama 0.01%
                                        PT Bumi Sentra Investama        99,99%         3. Ownership of Limitless World International Services-6 Limited 30%
                                                                                       4. Ownership of PT Bakrie Swasakti Utama 74%
                                                                                       5. Ownership of PT Superwish Perkasa 0.8%
                                                                                       6. Ownership of PT Graha Multi Insani 0.09%
                                                                                       7. Through PT Bakrie Swasakti Utama 36,89%, PT Bumi Daya Makmur 17.2%, PT Superwish Perkasa 42.2%
                                                                                       8. Ownership of PT Jasa Boga Raya 0.01%
                                                                                       9. Ownership of PT Jasa Boga Raya 0,09%
                                                                                       10. Ownership of PT Jasa Boga Raya 0.01%
                                                                                       11. Ownership of PT Jasa Boga Raya 0.04%
                                                                                       12. Ownership of PT Citrasaudara Abadi 0.01%

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Page 35
Struktur Organisasi
Organizational Structure



Dengan terus memperhatikan perkembangan bisnis ke depan,                            By continuously paying attention to business development going
Perseroan telah memiliki struktur organisasi yang sesuai dan                        forward, the Company retains appropriate organizational structure
diharapkan setiap lini organisasi mampu menjalankan fungsi dan                      and is expected for each line of the organization to function
tugasnya sesuai dengan tujuan Perusahaan. Struktur Organisasi                       and carry out its tasks in line with the Company’s goals. The
Perusahaan per 31 Desember 2024, sebagaimana terlampir di                           Company’s Organizational Structure as of 31 December 2024
bawah ini.                                                                          is as displayed below.




                               SHAREHOLDERS’
                                  MEETING

                                                                         BOARD OF                            Audit
                                                                       COMMISSIONERS                       Committee
                                                                       Bambang Irawan H                     Kanaka P.
                                                                        Armansyah Yamin                    Soenarso S
                                                                       Kanaka Puradiredja                  M. Hassan



                                                                                                         Nomination &
                                                                                                         Remuneration
                                           President Director                                             Committee
                                           Resza Adikreshna                                                 Kanaka P.
                                                                                                           Bambang IH
                                                                                                           Handoko NS




               Director                                                                         Director
                Sisilia                                                                       Melky Aliandri




                                                                           Corporate                               Corporate Human
Corporate Finance           Corporate            Corporate Affairs &                                                                         Corporate
                                                                           Business            Corporate Legal          Capital
   & Treasury              Accounting             Investor Relation                                                                          Secretary
                                                                         Development           Harsya Novwan          Handoko N.
    Ika Atikah            Lussye Elanika          Nuzirman Nurdin                                                                          Harsya Novwan
                                                                         Yudistira Adi P.                              Soetrisno



                                                                           Corporate                                                    Corporate Internal
                       Management
   Corporate                                      Corporate Affairs        Strategic                                                          Audit
                         Reporting
   Treasury                                         Andre Satria         Management                                                       Deri Meidian
                     Barnaz Dwi Endardi
                                                                         Yudistira Adi P.                                                   Ramdhani


                                                                         Corporate Risk
                                                                         Management &
   Corporate
                             Budget                                       Compliance
    Finance
                                                                          Deri Meidian                                  Keterangan | Notes:
                                                                           Ramdhani
                                                                                                                                                             Bakrieland Annual Report 2024




                                                                                                                             Board of Commissioners
                                                                           Corporate
                                                                          Information                                        Board of Directors
                               Tax
                                                                          Technology
                                                                        Maart Adi Waskita
                                                                                                                             Directorate

                                                                                                                             Division
                           Accounting                                                                                        Department




                                                                                                                                                              33
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                                  Profil Perusahaan | Corporate Profile




                                  Keanggotaan dalam Asosiasi
                                  Membership in Associations



                                                      Unit Usaha                                 Nama Asosiasi
                                   No                                                                                                     Status
                                                     Business Unit                             Name of Association
                                   Kantor Pusat
                                   Holding
                                   1       PT. Bakrieland Development Tbk   Indonesia Corporate Secretary Association (ICSA)              Anggota
                                                                                                                                          Member
                                                                            Asosiasi Emiten Indonesia (AEI)                               Anggota
                                                                            Indonesian Issuers Association (AEI)                          Member
                                   Mal
                                   Mall
                                   1       Plaza Festival                   Asosiasi Pengelola Pusat Belanja Indonesia (APPBI)            Anggota
                                                                            Indonesian Shopping Center Management Association             Member
                                   Taman Rekreasi
                                   Recreational Park
                                   1       The Jungle Waterpark             · Internasional Association of Amusement Parks and            Anggota
                                                                              Attractions (IAAPA)                                         Member
                                   2       Rivera Outbound & Edutainment
                                                                            · Asosiasi Rekreasi Keluarga Indonesia (ARKI)
                                                                              Indonesian Family Recreation Assocation
                                                                            · Perhimpunan Usaha Taman Rekreasi Indonesia (PUTRI)
                                                                              khusus untuk the Jungle Waterpark
                                                                              Indonesian Recreational Park Association specifically for
                                                                              the Jungle Waterpark
                                   Hotel
                                   1       The Groves Suites                Hotel Human Resources Manager Association (HHRMA)             Anggota
                                                                            Jakarta                                                       Member
                                   2       Grand Elty Krakatoa Resort       Indonesia Hotel General Manager Association                   Anggota
                                                                            (IHGMA),Lampung                                               Member
                                                                            Perhimpunan Hotel & Restoran Indonesia (PHRI) Lampung         Anggota
                                                                            Indonesian Hotel & Restaurant Association Lampung             Member
                                   3       Aston Bogor                      Perhimpunan Hotel & Restoran Indonesia (PHRI) Bogor           Anggota
                                                                            Indonesian Hotel & Restaurant Association                     Member
                                                                            Bogor
                                   4       The Alana Malioboro              Perhimpunan Hotel & Restoran Indonesia (PHRI) Yogyakarta      Anggota
                                                                            Indonesian Hotel & Restaurant Association                     Member
                                                                            Yogyakarta
                                                                            Indonesia Hotel General Manager (IHGMA) Yogyakarta            Anggota
                                                                            Indonesian Hotel General Manager Association                  Member
                                                                            Yogyakarta
                                   5       Swiss-Belresidences              Perhimpunan Hotel & Restoran Indonesia (PHRI) Jakarta         Anggota
                                           Rasuna Epicentrum                Indonesian Hotel & Restaurant Association                     Member
                                                                            Jakarta
                                                                            Asosiasi Hospitality Leader Indonesia (AHLI)                  Anggota
                                                                            Indonesian Hospitality Leader Association                     Member
                                   6       Aston Sidoarjo                   Perhimpunan Hotel & Restoran Indonesia (PHRI) Sidoarjo        Anggota
Bakrieland Laporan Tahunan 2024




                                                                            Indonesian Hotel & Restaurant Association Sidoarjo            Member
                                   Manajemen Properti
                                   Property Management
                                   1       Provices Indonesia               Building Owners & Managers Association (BOMA) Chapter         Anggota
                                                                            Indonesia                                                     Member
                                                                            Building Owners & Managers Association (BOMA)
                                                                            Indonesia Chapter




 34
Page 37
Perubahan Organisasi yang Bersifat
Signifikan
Significant Change In The Organizational Structure

Sepanjang tahun 2024, tidak terdapat perubahan organisasi yang   Throughout the year 2024, there were no organizational changes
berpengaruh signifikan bagi kelangsungan usaha Perseroan.        with significant impact on the business continuity of the Company.




Perubahan Komposisi Anggota Dewan
Komisaris dan Direksi selama 2024
Changes in the Composition of Members of the Board
of Commissioners and the Board of Directors During 2024


Perubahan Komposisi Dewan Komisaris                              Change in the Composition of the Board
                                                                 of Commissioners
Sampai dengan 31 Desember 2024, tidak terdapat perubahan         Until 31 December 2024, there were no changes in the
komposisi Dewan Komisaris.                                       composition of the Board of Directors.

Susunan Keanggotaan Dewan Komisaris per                          Members of the Board of Commissioners
31 Desember 2024                                                 as of 31 December 2024
       Nama                 Jabatan                          Dasar Pengangkatan                          Masa dan Periode Jabatan
       Name                 Position                         Basis of Appointment                        Term and Period of Office
 Bambang Irawan       Presiden Komisaris     Keputusan RUPS Tahunan tanggal tanggal 13 Juni 2024.               2024 -2027
 Hendradi             President              Annual GMS Resolution dated 13 June 2024
                      Commissioner
 Armansyah Yamin      Komisaris              Keputusan RUPS Tahunan tanggal tanggal 13 Juni 2024.               2024 -2027
                      Commissioner           Annual GMS Resolution dated 13 June 2024
 Kanaka Puradiredja   Komisaris              Keputusan RUPS Tahunan tanggal tanggal 13 Juni 2024.               2024 -2027
                      Independen             Annual GMS Resolution dated 13 June 2024
                      Independent
                      Commissioner


Perubahan Komposisi Direksi                                      Change in the Composition of the Board
                                                                 of Directors
Sampai dengan 31 Desember 2024, terdapat perubahan               Until 31 December 2024, there was a change in the composition
komposisi Direksi.                                               of the Board of Directors.
               Periode 1 Januari s.d 13 Juni 2024                            Periode 13 Juni s.d 31 Desember 2024
               Period of 1 January to 13 June 2024                           Period of 13 June to 21 December 2024
                      Ambono Janurianto                                                 Resza Adikreshna
                       (Presiden Direktur)                                              (Presiden Direktur)
                      (President Director)                                             (President Director)
                                                                                                                                      Bakrieland Annual Report 2024




                            Fandrizal                                                     Melky Aliandri
                            (Direktur)                                                      (Direktur)
                            (Director)                                                      (Director)
                           Djafarullah                                                        Sisilia
                            (Direktur)                                                      (Direktur)
                            (Director)                                                      (Director)




                                                                                                                                      35
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                                  Profil Perusahaan | Corporate Profile




                                  Profil Dewan Komisaris
                                  Profile of The Board of Commissioners



                                                                          Kewarganegaraan        Indonesia
                                                                          Citizenship
                                                                          Usia                   74 Tahun
                                                                          Age                    74 Years
                                                                          Domisili               Jakarta
                                                                          Domicile
                                                                          Dasar Pengangkatan     Keputusan RUPS Tahunan tanggal 28 Juni 2002 dan diangkat kembali sebagai
                                                                          Basis of Appointment   Presiden Komisaris pada RUPS Tahunan tanggal 13 Juni 2024.
                                                                                                 Annual GMS Resolution dated 28 June 2002 and re-appointed as President
                                                                                                 Commissioner in the Annual GMS dated 13 June 2024.
                                                                          Riwayat Pendidikan     Sarjana Teknik Sipil Universitas Trisakti, Jakarta (1977) dan lulus dari Technische Hoge
                                                                          Education History      School, Delft, The Netherlands (1981).
                                                                                                 Bachelor’s degree in Technical Engineering from Universitas Trisakti, Jakarta (1977)
                                                                                                 and graduated from Technische Hoge School, Delfi, The Netherlands (1981)
                                                                          Riwayat Jabatan        Beliau pernah menjabat sebagai Komisaris Utama PT Minarak Brantas Gas (2019-
                                                                          Position History       2021), Komisaris Utama PT Graha Andrasentra Propertindo Tbk (2014-2017), Komisaris
                                                                                                 PT Bakrie Finance Corporation (2000- 2004), Komisaris PT Bumi Resources Tbk
                                                                                                 (1997-2003), Direktur PT Bakrie Capital Indonesia (1997-2002), Direktur Utama PT
                                                                                                 Bakrieland Development Tbk (1997-2002), Managing Director PT Catur Swasakti Utama
                                                                                                 (1994-1996), Deputy Director Development PT Catur Swasakti Utama (1992-1994),
                                                                                                 Deputy Coordinator Directorate Property & Leisure PT Bakrie Nusantara Corporation
                                                                                                 (1991-1992), Project Manager Directorate Property & Leisure PT Bakrie Nusantara
                                                                                                 Corporation (1990- 1991), Direktur PT Sanggraha Pelita Jaya (1989-1991), Project Manager
                                                                                                 Rehabilitasi Stadion Lebak Bulus (1988- 1989), Project Manager Pusat Pelatihan PS
                                                                                                 Pelita Jaya Tahap I B (1987-1989), Direktur Utama Pusat Pelatihan PS Pelita Jaya Tahap
                                                                                                 I A & Diklat Pelita Jaya (1986-1987), Direktur Keuangan PT Pillar Abhimantra (1986-
                                                                                                 1989), Project Manager Bungalow & Club House Cibulan, Jawa Barat (1985-1986),
                                                                                                 Direktur Utama PT Djarot (1984-1988), Executive Secretary Chairman Rigunas Group
                                                                                                 (1982-1984), Vice President PT Anugerah Saraswati (1983- 1985), Komisaris PT Djarot
                                                                                                 (1977-1983), Operation Manager - Home Delivery Service PT Adirama (1975), Direktur
                                                                                                 Utama PT Djarot (1974- 1976) dan Part Time PT Indohero (1973-1974).
                                                                                                 He was President Commissioner of PT Minarak Brantas Gas (2019-2021), President
                                                                                                 Commissioner of PT Graha Andrasentra Propertindo Tbk (2014-2017), Commissioner
                                                                                                 of PT Bakrie Finance Corporation (2000- 2004), Commissioner of PT Bumi Resources
                                                                                                 Tbk (1997-2003), Dirctor of PT Bakrie Capital Indonesia (1997-2002), President Director
                                                                                                 of PT Bakrieland Development Tbk (1997-2002), Managing Director of PT Catur
                                                                                                 Swasakti Utama (1994-1996), Deputy Director of Development of PT Catur Swasakti
                                                                                                 Utama (1992-1994), Deputy Coordinator of Property & Leisure Directorate of PT Bakrie
                                                                                                 Nusantara Corporation (1991-1992), Project Manager of Property & Leisure Directorate
                                                                                                 of PT Bakrie Nusantara Corporation (1990- 1991), Director of PT Sanggraha Pelita Jaya
                                                                                                 (1989-1991), Project Manager of Lebak Bulus Stadium Rehabilitation (1988- 1989),
                                                                                                 Project Manager of PS Pelita Jaya Training Center Stage I B (1987-1989),President
                                                                                                 Director of Pelita Jaya Training Center Stage I A & Pelita Jaya Education and Training
                                                                                                 (1986-1987), Finance Director of Pillar Abhimantra (1986-1989), Project Manager of
                                                                                                 Bungalow & Club House Cibulan, West Java (1985-1986), President Director of PT
                                                                                                 Djarot (1984-1988), Executive Secretary Chairman of Rigunas Group (1982-1984), Vice
                                                                                                 President of PT Anugerah Saraswati (1983- 1985), Commissioner of PT Djarot (1977-
                                  Bambang Irawan Hendradi                                        1983), Operation Manager - Home Delivery Service at PT Adirama (1975), President
                                                                                                 Director of PT Djarot (1974- 1976), and Part Time in PT Indohero (1973-1974).
                                  Presiden Komisaris
                                                                          Rangkap Jabatan        Saat ini, beliau juga menjabat sebagai Direktur Utama PT Minarak Brantas Gas (sejak
                                  President Commissioner                                         Januari 2021), Komisaris Utama PT Gaia Energi Baik (sejak 2016), Anggota Pembina
                                                                          Concurrent Position
                                                                                                 Yayasan Pendidikan Bakrie (sejak 2005) dan Komisaris PT Bakrie Capital Indonesia
                                                                                                 (sejak Juli 2008).
                                                                                                 Concurrently, he is the President Director of PT Minarak Brantas Gs (since January
                                                                                                 2021), President Commissioner of PT Gaia Energi Baik (since 2016), a member of the
                                                                                                 Supervisory Board of Bakrie Education Foundation (since 2005), and Commissioner
                                                                                                 of PT Bakrie Capital Indonesia (since July 2008).
                                                                          Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya
                                                                          Affiliation Relationship dan anggota Direksi. Namun, beliau terafiliasi dengan pemegang saham pengendali.
                                                                                                   He has no affiliation with other members of the Board of Commissioners. However,
                                                                                                   he is affiliated with the Controlling Shareholder.
Bakrieland Laporan Tahunan 2024




 36
Page 39
                  Kewarganegaraan        Indonesia
                  Citizenship
                  Usia                   72 Tahun
                  Age                    72 Years
                  Domisili               Jakarta
                  Domicile
                  Dasar Pengangkatan     Keputusan RUPS Luar Biasa tanggal 9 Juni 2011 dan diangkat kembali sebagai Komisaris
                  Basis of Appointment   pada RUPS Tahunan tanggal 13 Juni 2024.
                                         Resolution of the Extraordinary GMS dated 9 June 2011 and re-appointed as
                                         Commissioner at Annual GMS on 13 June 2024.
                  Riwayat Pendidikan     Akademi Penerbangan Indonesia, Jakarta (1972), Instructor and Test Pilot Program
                  Education History      British Aerospace, Manchester, Inggris (1976), Airline Management Course Philippine
                                         Airlines, Philippine University, Manila (1978) dan Institute of Commodity of London,
                                         Inggris (1986-1987).
                                         Indonesian Aviation Academy, Jakarta (1972), Instructor and Test Pilot Program at
                                         British Aerospace, Manchester, UK (1976), Airline Management Course Philippine
                                         Airlines, Philippine University, Manila (1978) and Institute of Commodity of London,
                                         UK (1986-1987).
                  Riwayat Jabatan        Beliau pernah menjabat sebagai Komisaris PT Bakrie & Brothers Tbk (Juni 2009 - Juli
                  Position History       2022), Komisaris Utama PT Bakrie Nirwana Semesta (2015-2019), Presiden Komisaris
                                         PT Bakrie Swasakti Utama (2011-2015), Komisaris Utama PT Graha Andrasentra
                                         Propertindo Tbk (2011-2014), Direktur Utama PT Arm & Ken Investment (2007-2011),
                                         Direktur Utama Perusda Bersujud, Kalimantan Selatan (2003-2007), Komisaris Utama
                                         PT Asuransi Ikrar Lloyd (1998-2002), Vice President Director Bakrie Trading (1993-
                                         1998), Managing Director Lewis & Peat International, Singapore (1991-1993), Head
                                         of Representative Mindo Commodity Europe, Hamburg, Jerman (1987- 1991), Special
                                         Project Manager PT Bakrie & Brothers (1985-1986) dan PT Bouraq Indonesia Airlines
                                         (1973-1984).
                                         He was Commissioner of PT Bakrie & Brothers Tbk (June 2009 - July 2022), President
                                         Commissioner of PT Bakrie Nirwana Semesta (2015-2019), President Commissioner
                                         of PT Bakrie Swasakti Utama (2011-2015), President Commissioner of PT Graha
                                         Andrasentra Propertindo Tbk (2011-2014), President Director of PT Arm & Ken
                                         Investment (2007-2011), President Director of Perusda Bersujud, South Kalimantan
                                         (2003-2007), President Commissioner of PT Asuransi Ikrar Lloyd (1998-2002), Vice
                                         President Director of Bakrie Trading (1993-1998), Managing Director of Lewis & Peat
                                         International, Singapore (1991-1993), Head of Representative Mindo Commodity Europe,
                                         Hamburg, Germany (1987- 1991), Special Project Manager of PT Bakrie & Brothers
                                         (1985-1986) and PT Bouraq Indonesia Airlines (1973-1984).
                  Rangkap Jabatan        Saat ini, beliau juga menjabat sebagai Komisaris Utama PT Bakrie & Brothers Tbk
                  Concurrent Position    (sejak Juli 2022), Komisaris PT. Krakatau Lampung Tourism Development (sejak 2018).
                                         Concurrently, he is President Commissioner of PT Bakrie & Brothers Tbk (since July
                                         2022), Commissioner of PT Krakatau Lampung Tourism Development (since 2018).
                  Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris
                  Affiliation Relationship maupun Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham Utama/
                                           Pengendali.
                                           He has no affiliation with other members of the Board of Commissioners, the Board
                                           of Directors, or the Major/Controlling Shareholder.
Armansyah Yamin
Komisaris
Komisaris
                                                                                                                                Bakrieland Annual Report 2024




                                                                                                                                  37
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                                  Profil Perusahaan | Corporate Profile




                                                                          Kewarganegaraan        Indonesia
                                                                          Citizenship
                                                                          Usia                   80 Tahun
                                                                          Age                    80 Years
                                                                          Domisili               Bogor
                                                                          Domicile
                                                                          Dasar Pengangkatan     Pengangkatan pertama kali sebagai Komisaris Independen Perseroan
                                                                          Basis of Appointment   berdasarkan Keputusan RUPS Luar Biasa tanggal 19 Desember 2008 dan diangkat
                                                                                                 kembali sebagai Komisaris Independen pada RUPS Tahunan tanggal 13 Juni 2024.
                                                                                                 The first appointment as the Company’s Independent Commissioner was based
                                                                                                 on the Extraordinary GMS dated 19 December 2008 and he was reappointed as
                                                                                                 Independent Commissioner at the Annual GMS on 13 June 2024.
                                                                          Riwayat Pendidikan     Beliau menyelesaikan pendidikan jurusan Akuntansi, Fakultas Ekonomi,
                                                                          Education History      Universitas Padjadjaran, Bandung.
                                                                                                 He completed his study in Accounting at the Faculty of Economics of Universitas
                                                                                                 Padjadjaran, Bandung.
                                                                          Riwayat Jabatan        Beliau mempunyai pengalaman lebih dari 30 tahun sebagai Akuntan Publik,
                                                                          Position History       pernah menjabat sebagai Managing Partner dan Chaiman KPMG Indonesia,
                                                                                                 Senior Partner pada KAP Kanaka Puradiredja, Suhartono, Dewan Pengawas
                                                                                                 Badan Rehabilitasi dan Rekonstruksi Aceh, anggota Dewan Eksekutif Transparansi
                                                                                                 International, Ketua Majelis Kehormatan Ikatan Akuntan Indonesia (IAI), Ketua
                                                                                                 Dewan Kehormatan Ikatan Komite Audit Indonesia (IKAI), Anggota Komite Nasional
                                                                                                 Kebijakan Governance (KNKG) dan Ketua Tim Perumus Pedoman Governansi
                                                                                                 Korporate Indonesia.
                                                                                                 With 30 years as a Public Accountant, he served as Managing Partner and
                                                                                                 Chairman of KPM Indonesia, Senior Partner at Public Accounting Office KAP
                                                                                                 Kanaka Puradiredja, Suhartono, Superisory Board of Aceh Rehabilitation and
                                                                                                 Reconstruction, member of the International Transparency Executive Board,
                                                                                                 Chairman of Indonesia Accounting Association (IAI) Honorary Board, Chairman
                                                                                                 of the Indonesia Audit Committee Association (IKAI) Honorary Board, Member of
                                                                                                 the Governance Policy National Committee (KNKG) and Head of the Indonesian
                                                                                                 Corporate Governance Guidelines Formulation Team.
                                                                          Rangkap Jabatan        Saat ini, beliau juga menjabat sebagai Ketua Badan Pengurus Lembaga
                                                                          Concurrent Position    Komisaris dan Direktur Indonesia (LKDI), Anggota Dewan Pakar Komite Nasional
                                                                                                 Kebijakan Governance (KNKG), Anggota Dewan Kehormatan Professional in Risk
                                                                                                 Management Association, Ketua Dewan Sertifikasi Ikatan Komite Audit Indonesia
                                                                                                 (IKAI) dan Ketua dan Anggota Komite Audit di berbagai perusahaan publik.
                                                                                                 Concurrently, he is the Chairman of the Board of Directors of the Indonesian Board
                                                                                                 of Commissioners and Directors (LKDI), a member of the Board of Expertise of
                                                                                                 the National Governance Policy Committee (KNKG), a member of the Professional
                                                                                                 Honorary Board in Risk Management Association, Chairman of the Certification
                                                                                                 Board of the Indonesian Audit Committee Association (IKAI) and Chairman and a
                                                                                                 member of the Audit Committee in various public companies.
                                                                          Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris
                                                                          Affiliation Relationship maupun Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham Utama/
                                                                                                   Pengendali.
                                                                                                   He has no affiliation with other members of the Board of Commissioners, the
                                  Kanaka Puradiredja                                               Board of Directors, or the Major/Controlling Shareholder.
                                  Komisaris Independen
                                  Independent Commissioner
Bakrieland Laporan Tahunan 2024




38
Page 41
Profil Direksi
Board of Directors Profile



                                        Kewarganegaraan        Indonesia
                                        Citizenship
                                        Usia                   65 Tahun
                                        Age                    65 Years
                                        Domisili               Jakarta
                                        Domicile
                                        Dasar Pengangkatan     Diangkat sebagai Presiden Direktur berdasarkan Keputusan RUPS Tahunan
                                        Basis of Appointment   tanggal 7 Juni 2012 dan diangkat kembali berdasarkan Keputusan RUPS Tahunan
                                                               tanggal 21 Juli 2022.
                                                               Appointed as President Director based on the Annual GMS Resolution dated 7
                                                               June 2012 and re-appointed based on the Annual GMS on 21 July 2022.
                                        Riwayat Pendidikan     Sarjana Ekonomi, Universitas Katolik Parahyangan, Bandung (1986)
                                        Education History      Bachelor’s degree in Economics, Universitas Katolik Parahyangan, Bandung (1986)
                                        Riwayat Jabatan        Beliau pernah menjabat sebagai Presiden Komisaris PT Bakrie Swasakti Utama
                                        Position History       (2015-Desember 2023), Direktur Utama PT Graha Andrasentra Propertindo Tbk
                                                               (2021-2022), Komisaris Utama PT Graha Andrasentra Propertindo Tbk (2017-2021),
                                                               Komisaris PT Bakrie Telecom (2003- 2015), Direktur Utama PT Bakrie Sumatera
                                                               Plantations Tbk (2000- 2012), Direktur Utama PT Bakrie Power (2006-2008),
                                                               Direktur Utama PT Tanjung Jati Power Company (2005-2008), Direktur PT Bakrie
                                                               & Brothers Tbk (2005-2008), Direktur PT Bakrie Power (2005-2006), Direktur
                                                               PT Bakrie & Brothers Tbk (2002-2004), Direktur PT Bakrie Sumatera Plantations
                                                               Tbk (1999- 2000), Finance-Accounting & Tax General Manager PT Satelit Palapa
                                                               Indonesia (1998- 1999), Finance & Administration Director PT Sony Music
                                                               Entertainment Indonesia (1997-1998), Finance Controller PT Motorola Indonesia
                                                               Starpage Joint Venture (1995-1997), Finance & Admin Manager PT Philips Ralin
                                                               Electronic (1992-1995), Finance & Admin Manager Daeng Brothers (1990-1992),
                                                               Commercial Controller/ Accountant PT Philips Ralin Electronic (1988-1990), Internal
                                                               Control Officer PT Philips Ralin Electronic (1987-1988) dan Management Trainee
                                                               PT Philips Ralin Electronic (1986-1987).
                                                               He served as President Commissioner of PT Bakrie Swasakti Utama
                                                               (2015-December 2023), President Director of PT Graha Andrasentra Propertindo
                                                               Tbk (2021-2022), President Commissioner of PT Graha Andrasentra Propertindo
                                                               Tbk (2017-2021), Commissioner of PT Bakrie Telecom (2003- 2015), President
                                                               Director of PT Bakrie Sumatera Plantations Tbk (2000- 2012), resident Director
                                                               of PT Bakrie Power (2006-2008), President Director of PT Tanjung Jati Power
                                                               Company (2005-2008), Director of PT Bakrie & Brothers Tbk (2005-2008),
                                                               Director of PT Bakrie Power (2005-2006), Director of PT Bakrie & Brothers Tbk
                                                               (2002-2004), Director of PT Bakrie Sumatera Plantations Tbk (1999- 2000),
                                                               Finance-Accounting & Tax General Manager at PT Satelit Palapa Indonesia
                                                               (1998- 1999), Finance & Administration Director at PT Sony Music Entertainment
                                                               Indonesia (1997-1998), Finance Controller at PT Motorola Indonesia Starpage
                                                               Joint Venture (1995-1997), Finance & Administration Manager at PT Philips Ralin
                                                               Electronic (1992-1995), Finance & Administration Manager at Daeng Brothers
                                                               (1990-1992), Commercial Controller/ Accountant at PT Philips Ralin Electronic
                                                               (1988-1990), Internal Control Officer at PT Philips Ralin Electronic (1987-1988) and
                                                               Management Trainee at PT Philips Ralin Electronic (1986-1987).
                                        Rangkap Jabatan        Saat ini, beliau menjabat sebagai Komisaris, PT Krakatau Lampung Tourism
Ambono Janurianto*                      Concurrent Position    Development (Sejak 2024).
                                                               Concurrently, serving as Commissioner of PT Krakatau Lampung Tourism
Presiden Direktur                                              Development (Since 2024).
President Director
                                        Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris
                                        Affiliation Relationship maupun Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham Utama/
                                                                 Pengendali.
                                                                 He has no affiliation with other members of the Board of Commissioners, the
                                                                 Board of Directors, or the Major/Controlling Shareholder.




* Menjabat sampai.dengan 13 juni 2024
  Serving until June 13, 2024
                                                                                                                                                      Bakrieland Annual Report 2024




                                                                                                                                                       39
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                                  Profil Perusahaan | Corporate Profile




                                                                          Kewarganegaraan        Indonesia
                                                                          Citizenship
                                                                          Usia                   56 Tahun
                                                                          Age                    56 Years
                                                                          Domisili               Jakarta
                                                                          Domicile
                                                                          Dasar Pengangkatan     Diangkat sebagai Direktur berdasarkan keputusan RUPS Tahunan tanggal 21 Juli
                                                                          Basis of Appointment   2022.
                                                                                                 Appointed as Director based on the Annual GMS Resolution on 21 July 2022.
                                                                          Riwayat Pendidikan     Sarjana Ekonomi dari Fakultas Ekonomi, jurusan Akuntansi dari Universitas
                                                                          Education History      Indonesia (1995).
                                                                                                 Bachelor’s degree in Economics with major in Accounting from the Faculty of
                                                                                                 Economics, Universitas Indonesia (1995).
                                                                          Riwayat Jabatan        Beliau pernah menjabat sebagai Komisaris PT Bahana Sukma Sejahtera
                                                                          Position History       (2022-November 2023), Komisaris PT Jasa Boga Raya (2022-Desember 2023),
                                                                                                 Direktur PT Bakrie Pangripta Loka (2011-2016), Chief Financial Officer PT Bakrie
                                                                                                 Swasakti Utama (2004-2011), Chief Financial Officer PT Bakrie Nirwana Resort
                                                                                                 (2003- 2004) dan sebagai Auditor dan Audit Manager KAP Prasetio, Utama & Co
                                                                                                 (Arthur Andersen) (1995-2003).
                                                                                                 He served as Commissioner of PT Bahana Sukma Sejahtera (2022-November
                                                                                                 2023), Commissioner of PT Jasa Boga Raya (2022-December 2023), Director
                                                                                                 of PT Bakrie Pangripta Loka (2011-2016), Chief Financial Officer of PT Bakrie
                                                                                                 Swasakti Utama (2004-2011), Chief Financial Officer of PT Bakrie Nirwana Resort
                                                                                                 (2003- 2004), and as Auditor and Audit Manager at Public Accounting Office KAP
                                                                                                 Prasetio, Utama & Co (Arthur Andersen) (1995-2003).
                                                                          Rangkap Jabatan        Tidak memiliki rangkap jabatan di Perusahaan lain.
                                                                          Concurrent Position    He has no concurrent position in other companies.
                                                                          Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris
                                                                          Affiliation Relationship maupun Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham Utama/
                                                                                                   Pengendali.
                                                                                                   He has no affiliation with other members of the Board of Commissioners, the
                                                                                                   Board of Directors, or the Major/Controlling Shareholder.




                                  Fandrizal*
                                  Direktur
                                  Director




                                  * Menjabat sampai.dengan 13 juni 2024
                                    Serving until June 13, 2024
Bakrieland Laporan Tahunan 2024




40
Page 43
                                        Kewarganegaraan        Indonesia
                                        Citizenship
                                        Usia                   50 Tahun
                                        Age                    50 Years
                                        Domisili               Jakarta
                                        Domicile
                                        Dasar Pengangkatan     Beliau diangkat sebagai Direktur berdasarkan keputusan RUPS Tahunan tanggal
                                        Basis of Appointment   21 Juli 2022.
                                                               Appointed as Director based on the Annual GMS Resolution on 21 July 2022.
                                        Riwayat Pendidikan     Sarjana Teknik Sipil dari Universitas Indonesia (1999) dan Magister Management di
                                        Education History      Prasetiya Mulya Business School (2014).
                                                               Bachelor’s degree in Civil Engineering from Universitas Indonesia (1999) and
                                                               Magister Management from Prasetiya Mulya Business School (2014)
                                        Riwayat Jabatan        Beliau pernah menjabat sebagai Direktur Utama PT Bahana Sukma Sejahtera
                                        Position History       (Oktober 2022-Mei 2023), Deputy Director of Development PT Graha Andrasentra
                                                               Propertindo Tbk (2016-2017), Director of Development PT Bakrie Pangripta Loka
                                                               (2010-2018), Project Director KSO Perum Perumnas & Perseroan (2008-2015),
                                                               Business Development and Permit Manager PT Bakrie Swasakti Utama (2004-
                                                               2008), Project Coordinator di PT DHS Engineering Consultant (2001- 2004) dan
                                                               Management Trainee di Alatief Corporation (2000-2001)
                                                               He served as President Director of PT Bahana Sukma Sejahtera (October
                                                               2022-May 2023), Deputy Director of Development of PT Graha Andrasentra
                                                               Propertindo Tbk (2016-2017), Director of Development of PT Bakrie Pangripta Loka
                                                               (2010-2018), Project Director of KSO Perum Perumnas & Perseroan (2008-2015),
                                                               Business Development and Permit Manager at PT Bakrie Swasakti Utama (2004-
                                                               2008), Project Coordinator at PT DHS Engineering Consultant (2001- 2004) and
                                                               Management Trainee at Alatief Corporation (2000-2001)
                                        Rangkap Jabatan        Tidak memiliki rangkap jabatan di Perusahaan lain.
                                        Concurrent Position    He has no concurrent position in other companies.
                                        Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris
                                        Affiliation Relationship maupun Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham Utama/
                                                                 Pengendali.
                                                                 He has no affiliation with other members of the Board of Commissioners, the
                                                                 Board of Directors, or the Major/Controlling Shareholder.




Djafarullah*
Direktur
Director




* Menjabat sampai.dengan 13 juni 2024
  Serving until June 13, 2024
                                                                                                                                                   Bakrieland Annual Report 2024




                                                                                                                                                     41
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                                  Profil Perusahaan | Corporate Profile




                                                                                 Kewarganegaraan        Indonesia
                                                                                 Citizenship
                                                                                 Usia                   44 Tahun
                                                                                 Age                    44 Years
                                                                                 Domisili               Jakarta
                                                                                 Domicile
                                                                                 Dasar Pengangkatan     Menjabat sebagai Direktur Perusahaan berdasarkan Keputusan RUPS Tahunan
                                                                                 Basis of Appointment   tanggal 13 Juni 2024.
                                                                                                        Appointed as Director based on the Annual GMS Resolution dated 13 June 2024.
                                                                                 Riwayat Pendidikan     Beliau menyelesaikan Pendidikan Advanced Diploma, TAFE WASDM, Western
                                                                                 Education History      Australia, Bachelor of Commerce, Curtin University, Perth, Western Australia dan
                                                                                                        Master Management, Lembaga Pendidikan Management Indonesia.
                                                                                                        He completed his Advanced Diploma Education, TAFE WASDM, Western Australia,
                                                                                                        Bachelor’s degree in Commerce from Curtin University, Perth, Western Australia
                                                                                                        and Master’s degree in Management, Indonesian Management Education
                                                                                                        Institution.
                                                                                 Riwayat Jabatan        Beliau pernah menjabat sebagai Thematic Campaign Division Head PT Bakrie
                                                                                 Position History       Telecom Tbk (2004 – 2005), Marketing Communications Manager United Premas
                                                                                                        (2002 – 2004), dan Assistant Manager Marketing Communication PT Intiland
                                                                                                        Group (ERA Division) (1998 – 2022).
                                                                                                        He served as Thematic Campaign Division Head at PT Bakrie Telecom Tbk (2004-
                                                                                                        2005), Marketing Communications Manager at United Premas (2002-2004), and
                                                                                                        Marketing Communication Assistant Manager at PT Intiland Group (ERA Division)
                                                                                                        (1998-2022).
                                                                                 Rangkap Jabatan        Saat ini, beliau juga menjabat sebagai Komisaris, PT Surya Global Nusantara
                                                                                 Concurrent Position    (Sejak Okt 2024), Komisaris, PT Prima Bisnis Utama (Sejak Okt 2024), Komisaris,
                                                                                                        PT Bahana Sukma Sejahtera (Sejak Okt 2024), Komisaris, PT Bumi Sentra
                                                                                                        Investama (Sejak Okt 2024), Direktur, PT Graha Multi Insani (Sejak April 2024),
                                                                                                        Komisaris, PT Bumi Daya Makmur (Sejak Feb 2024), Komisaris Utama, PT Rasuna
                                                                                                        Residence Development (Sejak Feb 2024), Direktur Utama, PT Mutiara Masyhur
                                                                                                        Sejahtera (Sejak Feb 2024), Komisaris Utama, PT Bakrie Pesona Rasuna (Sejak
                                                                                                        Jan 2024), Komisaris Utama, PT Provices Indonesia (Sejak Jan 2024), Presiden
                                                                                                        Direktur, PT Superwish Perkasa (Sejak Des 2023), Presiden Direktur, PT Bakrie
                                                                                                        Swasakti Utama (Sejak Des 2023), Direktur Utama, PT Graha Andrasentra
                                                                                                        Propertindo Tbk (Sejak Juni 2022), Direktur Utama, PT Jungleland Asia (Sejak
                                                                                                        2021), Direktur Utama, PT Krakatau Lampung Tourism Development (Sejak 2018),
                                                                                                        Direktur Utama, PT Mahala Langgeng Abadi (Sejak 2005), dan Direktur, PT
                                                                                                        Tatamasa Group (Sejak 2005).
                                                                                                        Concurrently he serves as Commissioner of PT Surya Global Nusantara (since
                                                                                                        October 2024), Commissioner of PT Prima Bisnis Utama (since October
                                                                                                        2024), Commissioner of PT Bahana Sukma Sejahtera (since October 2024),
                                                                                                        Commissioner of PT Bumi Sentra Investama (since October 2024), Director
                                                                                                        of PT Graha Multi Insani (since April 2024), Commissioner of PT Bumi Daya
                                                                                                        Makmur (since February 2024), President Commissioner of PT Rasuna Residence
                                                                                                        Development (since February 2024), President Director of PT Mutiara Masyhur
                                                                                                        Sejahtera (since February 2024), President Commissioner of PT Bakrie Pesona
                                                                                                        Rasuna (since January 2024), Commissioner of PT Provices Indonesia (since
                                  Resza Adikreshna*                                                     January 2024), President Director of PT Superwish Perkasa (since December
                                                                                                        2023), President Director of PT Bakrie Swasakti Utama (since December 2023),
                                  Presiden Direktur                                                     President Director of PT Graha Andrasentra Propertindo Tbk (Since June 2022),
                                  President Director                                                    President Director of PT Jungleland Asia (Since 2021), President Director of PT
                                                                                                        Krakatau Lampung Tourism Development (Since 2018), President Director of PT
                                                                                                        Mahala Langgeng Abadi (Since 2005), and Director of PT Tatamasa Group (Since
                                                                                                        2005).
                                                                                 Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris
                                                                                 Affiliation Relationship maupun Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham Utama.
                                                                                                          He has no affiliation with other members of the Board of Commissioners, the
                                                                                                          Board of Directors, or the Major Shareholder.
                                  * Menjabat dari 13 Juni 2024 hingga saat ini
                                    Serving from 13 June 2024 until now
Bakrieland Laporan Tahunan 2024




 42
Page 45
                                               Kewarganegaraan        Indonesia
                                               Citizenship
                                               Usia                   48 Tahun
                                               Age                    48 Years
                                               Domisili               Jakarta
                                               Domicile
                                               Dasar Pengangkatan     Menjabat sebagai Direktur Perusahaan berdasarkan Keputusan RUPS Tahunan
                                               Basis of Appointment   tanggal 13 Juni 2024.
                                                                      Appointed as Director in the Company based on the Annual GMS Resolution
                                                                      dated 13 June 2024.
                                               Riwayat Pendidikan     S1 Teknik, Universitas Islam Indonesia, Yogyakarta, dan Master of Business
                                               Education History      Administration, MM Universitas Gajah Mada, Yogyakarta.
                                                                      Sarjana degree in Engineering from Universitas Islam Indonesia, Yogyakarta, and
                                                                      Master’s degree in Business Administration, MM from Universitas Gajah Mada,
                                                                      yogyakarta.
                                               Riwayat Jabatan        Beliau pernah menjabat sebagai Direktur PT Jungleland Asia (2021-2022), Chief
                                               Position History       Operating Officer PT Bakrie Swasakti Utama (2013-2018), Facilty Management
                                                                      Region 1 Head PT. Bank Danamon Indonesia Tbk (2008), General Manager,
                                                                      PT Colliers International (2005-2007), General Manager, PT Premas International
                                                                      (2004-2005) dan Building Operation Manager, PT Ramayana Lestari Sentosa Tbk
                                                                      (2002-2004)
                                                                      He served as Director at PT JungleLand Asia (2021-2022), Chief Operating Officer
                                                                      of PT Bakrie Swasakti Utama (2013-2018), Faculty Management Region 1 Head
                                                                      at PT Bank Danamon Indonesia Tbk (2008), General Manager of PT Colliers
                                                                      International (2005-2007), General Manager of PT Premas International (2004-
                                                                      2005), and Building Operation Manager at PT Ramayana Lestari Sentosa Tbk
                                                                      (2002-2004)
                                               Rangkap Jabatan        Saat ini, beliau juga menjabat sebagai Direktur Utama PT Graha Multi Insani (sejak
                                               Concurrent Position    April 2024), Direktur PT Mutiara asyhur Sejahtera (sejak Februari 2024), Direktur
                                                                      PT Bumi Daya Makmur (sejak Februari 2024), Direktur PT Rasuna Residence
                                                                      Development (sejak Februari 2024), Direktur PT Bakrie Pesona Rasuna (sejak
                                                                      Januari 2024), Direktur PT Krakatau Lampung Tourism Development (sejak
                                                                      November 2023), Direktur PT Graha Andrasentra Propertindo Tbk (Sejak Juni
                                                                      2022), Direktur/CEO PT Bakti Alter Purnabhayangkara (Sejak 2019), Direktur PT
                                                                      Bakrie Swasakti Utama (sejak April 2018), dan Direktur/CEO PT Provices Indonesia
                                                                      (Sejak Mei 2014).
                                                                      Concurrently he serves as President Director of PT Graha Multi Insani (since April
                                                                      2024), Director of PT Mutiara Masyhur Sejahtera (since February 2024), Director
                                                                      of PT Bumi Daya Makmur (since February 2024), Director of PT Rasuna Residence
                                                                      Development (since February 2024), Director of PT Bakrie Pesona Rasuna (since
                                                                      January 2024), Director of PT Krakatau Lampung Tourism Development (since
                                                                      November 2023), Director of PT Graha Andrasentra Propertindo Tbk (Since June
                                                                      2022), Director/CEO of PT Bakti Alter Purnabhayangkara (Since 2019), Director
                                                                      of PT Bakrie Swasakti Utama (Since April 2018), and Director/CEO of PT Provices
                                                                      Indonesia (Since May 2014).
                                               Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris
                                               Affiliation Relationship maupun Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham Utama/
Melky Aliandri*                                                         Pengendali.
Direktur                                                                He has no affiliation with other members of the Board of Commissioners, the
                                                                        Board of Directors, and the Major/Controlling Shareholder
Director




* Menjabat dari 13 Juni 2024 hingga saat ini
  Serving from 13 June 2024 until now
                                                                                                                                                           Bakrieland Annual Report 2024




                                                                                                                                                            43
Page 46
                                  Profil Perusahaan | Corporate Profile




                                                                                 Kewarganegaraan        Indonesia
                                                                                 Citizenship
                                                                                 Usia                   47 Tahun
                                                                                 Age                    47 Years
                                                                                 Domisili               Jakarta
                                                                                 Domicile
                                                                                 Dasar Pengangkatan     Menjabat sebagai Direktur Perusahaan berdasarkan Keputusan RUPS Tahunan
                                                                                 Basis of Appointment   tanggal 13 Juni 2024.
                                                                                                        Appointed as Director in the Company based on the Annual GMS Resolution
                                                                                                        dated on 13 June 2024.
                                                                                 Riwayat Pendidikan     Sarjana Ekonomi, Universitas Terbuka, Jakarta.
                                                                                 Education History      Bachelor’s degree in Economics, Universitas Terbuka, Jakarta.
                                                                                 Riwayat Jabatan        Beliau pernah menjabat sebagai Manager Finance & Accounting PT Primanaya
                                                                                 Position History       Jasa Boga (2009-2011), Manager Finance & Accounting PT Pacific Food Indonesia
                                                                                                        (2005-2009), dan Assistant Finance & Accounting PT Pacific Food Indonesia
                                                                                                        (2001-2005).
                                                                                                        He served as Manager of Finance & Accounting at PT Primanaya Jasa Boga
                                                                                                        (2009-2011), Manager of Finance & Accounting at PT Pacific Food Indonesia
                                                                                                        (2005-2009), and Assistant of Finance & Accounting at PT Pacific Food Indonesia
                                                                                                        (2001-2005).
                                                                                 Rangkap Jabatan        Saat ini, beliau juga menjabat sebagai CFO, PT Bakrie Swasakti Utama (Sejak Des
                                                                                 Concurrent Position    2023), CFO, PT Superwish Perkasa (Sejak Jan 2024), CFO, PT Graha Multi Insani
                                                                                                        (Sejak Jan 2024), CFO, PT Bumi Daya Makmur (Sejak Jan 2024), CFO, PT Rasuna
                                                                                                        Residence Development (Sejak Jan 2024), CFO, PT Mutiara Masyhur Sejahtera
                                                                                                        (Sejak Jan 2024), CFO, PT Bakrie Pesona Rasuna (Sejak Jan 2024), CFO,
                                                                                                        PT Rasuna Residence Development (Sejak Jan 2024), CFO, PT Provices Indonesia
                                                                                                        (Sejak Jan 2024), CFO, PT Krakatau Lampung Tourism Development (Sejak Des
                                                                                                        2023) dan CFO, PT Graha Andrasentra Propertindo Tbk (Sejak Jun 2022).
                                                                                                        Concurrently he serves as CFO of PT Bakrie Swasakti Utama (since December
                                                                                                        2023), CFO of PT Superwish Perkasa (since January 2024), CFO of PT Graha
                                                                                                        Multi Insani (since January 2024), CFO of PT Bumi Daya Makmur (since January
                                                                                                        2024), CFO of PT Rasuna Residence Development (since January 2024), CFO of
                                                                                                        PT Mutiara Masyhur Sejahtera (since January 2024), CFO of PT Bakrie Pesona
                                                                                                        Rasuna (since January 2024), CFO of PT Rasuna Residence Development (since
                                                                                                        January 2024), CFO of PT Provices Indonesia (since January 2024), CFO of
                                                                                                        PT Krakatau Lampung Tourism Development (since December 2023) and CFO of
                                                                                                        PT Graha Andrasentra Propertindo Tbk (since June 2022).
                                                                                 Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris
                                                                                 Affiliation Relationship maupun Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham Utama/
                                                                                                          Pengendali.
                                                                                                          He has no affiliation with other memberes of the Board of Commissioners, the
                                                                                                          Board of Directors or the Major/Controlling Shareholder.
                                  Sisilia*
                                  Direktur
                                  Director




                                  * Menjabat dari 13 Juni 2024 hingga saat ini
                                    Serving from 13 June 2024 until now
Bakrieland Laporan Tahunan 2024




44
Page 47
Daftar Entitas Anak
List of Subsidiaries



      Nama Entitas Anak,
      Entitas Asosiasi, dan                                                    Alamat
      Perusahaan Ventura                                                       Address
       Name of the Entity
PT Bakrie Swasakti Utama        Wisma Bakrie 1, Lantai 6
                                Jl. H.R. Rasuna Said, Kav. B-1,
                                Kuningan, Jakarta Selatan 12920
                                Tel. +62 21 52906666
                                Fax. +62 21 29057777
PT Graha Andrasentra            Gedung UFO Lantai 3
Propertindo Tbk                 Jl. Dreded-Pahlawan (Jl. Bogor Nirwana Residence)
                                Mulyaharja, Bogor Selatan, Bogor 16132
                                Tel. +62 021 52906666
                                Fax. +62 02129057777
PT Krakatau Lampung Tourism     Jl. Trans Sumatera KM 45,
Development                     Desa Merak Belatung, Kalianda,
                                Lampung Selatan. 35551.
                                Tel : (0727) 322900
PT Superwish Perkasa            Epiwalk Office Suite, Lt. 6 unit A601, Komplek Rasuna Epicentrum
                                Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                Tel. +62 21 52906666
                                Fax. +62 21 29057777
PT Bumi Daya Makmur             Epiwalk Office Suite, Lt. 6 unit A601, Komplek Rasuna Epicentrum
                                Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                Tel. +62 21 52906666
                                Fax. +62 21 29057777
PT Bakrie Nirwana Realty        Bakrie Nirwana Realty Office
                                Jl. Bogor Nirwana Raya Mulyaharja
                                Bogor Selatan, Bogor 16132
                                Tel. +62 251 8211290
                                Fax. +62 251 8211295
PT Prima Bisnis Utama           Wisma Bakrie 1, Lt. 6 Jl. H.R. Rasuna Said Kav. B-1
                                Kuningan, Jakarta Selatan 12920
PT Surya Global Nusantara       Wisma Bakrie 1, Lt. 6 Jl. H.R. Rasuna Said Kav. B-1
                                Kuningan, Jakarta Selatan 12920
BLD Investment Pte, Ltd         10 Anson Road # 03-05 International Plaza
                                Singapore 079903
                                Tel. +65 63233956/57
                                Fax. +65 63233959
Limitless World International   P.O. Box 17000 Dubai United Arab Emirates
Services 6 Limited
PT Bahana Sukma Sejahtera       Jl Pasir Pogor, Cipelang, Kecamatan Cijeruk,
                                Kabupaten Bogor, Jawa Barat 16740
PT Jasa Boga Raya               Main Kitchen Jungleland
                                Kawasan Sentul Nirwana
                                Jl Jungleland No 1, Karang Tengah,
                                Kec Babakan Madang, Kabupaten Bogor, Jawa Barat. 16810.
                                                                                                   Bakrieland Annual Report 2024




                                Tel. +62 21 87962194
                                Fax. +62 21 87962194
PT Bakrie Pesona Rasuna         Gedung Plaza Festival
                                Jl. H.R. Rasuna Said Kav. C – 22 Kuningan,
                                Jakarta 12940
                                Tel. +62 21 5263212
                                Fax. +62 21 5263144
PT Rasuna Residence             Epiwalk Office Suites Lt. 6 Unit A640, Komplek Rasuna Epicentrum
Development                     Jl. H.R. Rasuna Said Jakarta Selatan 12940
                                Tel. +62 21 83705555
                                Fax. +62 21 8378624
PT Bakrie Pangripta Loka        Jl. Sentra Primer Timur Pulogebang - Cakung Jakarta Timur 13950
                                Tel. +62 21 48704999
                                Fax. +62 21 48703182                                               45
Page 48
                                  Profil Perusahaan | Corporate Profile




                                         Nama Entitas Anak,
                                         Entitas Asosiasi, dan                                                     Alamat
                                         Perusahaan Ventura                                                        Address
                                          Name of the Entity
                                   PT Graha Multi Insani              Epiwalk Office Suite, Lantai 6 unit A615, Komplek Rasuna Epicentrum
                                                                      Jl. H.R. Rasuna Said Jakarta Selatan 12940
                                                                      Tel. +62 21 52906666
                                                                      Fax. +62 21 29057777
                                   PT Provices Indonesia              Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                                      Jl. H.R. Rasuna Said Jakarta Selatan 12940
                                                                      Tel. +62 21 29912402
                                                                      Fax. +62 21 29912412
                                   PT Provices Lintas Mandiri         Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                                      Jl. H.R. Rasuna Said Jakarta Selatan 12940
                                                                      Tel. +62 21 29912402
                                                                      Fax. +62 21 29912412
                                   PT Provices Prima Mandiri          Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                                      Jalan H.R. Rasuna Said Jakarta Selatan 12940
                                                                      Tel. +62 21 29912402
                                                                      Fax. +62 21 29912412
                                   PT Provices Karya Mandiri          Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                                      Jalan H.R. Rasuna Said Jakarta Selatan 12940
                                                                      Tel. +62 21 29912402
                                                                      Fax. +62 21 29912412
                                   PT Provices Total Mandiri          Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                                      Jalan H.R. Rasuna Said Jakarta Selatan 12940
                                                                      Tel. +62 21 29912402
                                                                      Fax. +62 21 29912412
                                   PT Mutiara Masyhur Sejahtera       Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                                      Tel. +62 31 8833999
                                                                      Fax. +62 31 8822555
                                   PT Inti Permata Sejati             Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                                      Tel. +62 31 8833999
                                                                      Fax. +62 31 8822555
                                   PT Maju Makmur Sejahtera           Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                                      Tel. +62 31 8833999
                                                                      Fax. +62 31 8822555
                                   PT Nugraha Adhikarsa Pratama       Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                                      Tel. +62 31 8833999
                                                                      Fax. +62 31 8822555
                                   PT Mitra Langgeng Sejahtera        Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                                      Tel. +62 31 8833999
                                                                      Fax. +62 31 8822555
                                   PT Megah Djati Karya               Kondominium Puncak Marina, Tower 2 Lt. 2
                                                                      Jl. Raya Margorejo Indah XVII/2-4 Surabaya
                                                                      Tel. +62 31 8833999
Bakrieland Laporan Tahunan 2024




                                                                      Fax. +62 31 8822555
                                   BLD Asia Pte, Ltd                  10 Anson Road # 03-05 International Plaza Singapore 079903
                                                                      Tel. +65 63233956/57
                                                                      Fax. +65 63233959
                                   PT Andrasentra Properti Services   Komplek Perumahan Umum Bogor Nirwana Residence, Jalan Bogor Nirwana
                                                                      Raya (Dreded Pahlawan), Kelurahan Mulyaharja, Kecamatan Bogor Selatan
                                                                      Tel +62 251 8211 290
                                                                      Fax +62 251 8211 295
                                   PT Citrasaudara Abadi              Wisma Bakrie 1, Lantai 6, Jl. H.R. Rasuna Said, Kav. B-1,Kuningan, Jakarta Selatan 12920.
                                   PT Bumi Sentra Investama           Wisma Bakrie 1, Lantai 6, Jl. H.R. Rasuna Said, Kav. B-1,Kuningan, Jakarta Selatan 12920.
                                   PT Graha Istana Nirwana            Perum Kahuripan Jl. Kahuripan Raya Kav. 14, Kab. Sidoarjo, Jawa Timur.


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Nama Pemegang Saham Utama dan
Pengendali dengan Persentase Kepemilikan
Name of Major and Controlling Shareholders with
Percentage of Ownership
                                                  31 Desember 2024                             31 Desember 2023
                                                  31 December 2024                             31 December 2023
     Pemegang Saham                  Jumlah Saham                                    Jumlah Saham
       Shareholder                     (Lembar)                      Kepemilikan       (Lembar)             Kepemilikan
                                    Number of Shares                  Ownership     Number of Shares         Ownership
                                        (Shares)                                        (Shares)
 PT Bakrie Capital                      458.433.422                          1,05      458.433.422                 1,05
 Indonesia*
 Pemegang Saham Non –                43.063.479.597                     98,95       43.063.479.597                98,95
 Pengendali
 Non-Controlling
 Shareholders
 Total                               43.521.913.019                          100     43.521.913.019                100
* Termasuk kepemilikan 16.162.000 saham melalui Long Houl Holdings, Ltd
  Including ownership of 16,162,000 shares through Long Houl Holdings, Ltd


KOMPOSISI PEMEGANG SAHAM DENGAN KEPEMILIKAN >5%
COMPOSITION OF SHAREHOLDERS WITH OWNERSHIP OF >5%
                                                  31 Desember 2024                             31 Desember 2023
                                                  31 December 2024                             31 December 2023
     Pemegang Saham                  Jumlah Saham                                    Jumlah Saham
       Shareholder                     (Lembar)                      Kepemilikan       (Lembar)             Kepemilikan
                                    Number of Shares                  Ownership     Number of Shares         Ownership
                                        (Shares)                                        (Shares)
 KPD Simas Equity Fund 2              2.329.095.649                          5,35    2.329.095.649                 5,35
 Interventures Capital                2.227.645.000                          5,12    2.227.645.000                 5,12
 Pte, Ltd
 Total                                4.556.740.649                      10,47       4.556.740.649                10,47


KOMPOSISI PEMEGANG SAHAM DENGAN KEPEMILIKAN <5%
COMPOSITION OF SHAREHOLDERS WITH OWNERSHIP OF <5%
                                                  31 Desember 2024                             31 Desember 2023
                                                  31 December 2024                             31 December 2023
     Pemegang Saham                  Jumlah Saham                                    Jumlah Saham
       Shareholder                     (Lembar)                      Kepemilikan       (Lembar)             Kepemilikan
                                    Number of Shares                  Ownership     Number of Shares         Ownership
                                        (Shares)                                        (Shares)
 Masyarakat                           38.965.172.370                    89,53        38.965.172.370               89,53
 Public
 Total                               38.965.172.370                     89,53       38.965.172.370                89,53
                                                                                                                          Bakrieland Annual Report 2024




                                                                                                                           47
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                                  Profil Perusahaan | Corporate Profile




                                  KOMPOSISI PEMEGANG SAHAM BERDASARKAN KLASIFIKASI
                                  COMPOSITION OF SHAREHOLDERS BASED ON CLASSIFICATION
                                                                                                                     Jumlah Saham
                                                                                        Jumlah Pemegang                                       Kepemilikan
                                               Klasifikasi Pemegang Saham                                              (Lembar)
                                                                                             Saham                                                (%)
                                               Classification of Shareholders                                       Number of Shares
                                                                                       Number of Shareholder                                  Ownership (%)
                                                                                                                        (Shares)
                                   Pemodal Nasional              Broker                          38                     269.562.824                 0,62
                                                                 Pemerintan
                                   Domestic Investor
                                                                 Indonesia
                                                                 Government of
                                                                 Indonesia
                                                                 Individual –                26.440                  22.460.515.530                51,61
                                                                 Domestik
                                                                 Domestic
                                                                 Individual Asing                38                      81.248.600                 0,19
                                                                 KITAS – NPWP
                                                                 Foreign KITAS-NPWP
                                                                 Insurance NPWP                   8                   2.602.953.942                 5,98
                                                                 Koperasi                         2                       2.600.000                 0,01
                                                                 Cooperatives
                                                                 Mutual Fund                     22                    6.983.893.421               16,05
                                                                 Pension Fund                    25                     670.823.503                 1,54
                                                                 Perusahaan Terbatas               1                         25.000                 0,00
                                                                 Non NPWP
                                                                 Non-NPWP Limited
                                                                 Liability Company
                                                                 Terbatas NPWP                   161                     5.177.119.771             11,90
                                                                 NPWP Limited
                                                                 Liability Company
                                                                 Yayasan NPWP                     4                       5.550.367                 0,01
                                                                 NPWP Foundation
                                   Sub Total                                                 26.739                 38.254.292.958                87,90
                                   Pemodal Asing                 Individu                        96                      197.033.833                0,45
                                   Foreign Investor              Individual
                                                                 Institusi                       54                   5.070.586.228                11,65
                                                                 Institution
                                   Sub Total                                                    150                   5.267.620.061                12.10
                                   Total                                                    26.889                   43.521.913.019                 100




                                  KEPEMILIKAN SAHAM OLEH DEWAN                                         DIRECT AND INDIRECT SHARE
                                  KOMISARIS DAN DIREKSI LANGSUNG                                       OWNERSHIP BY THE BOARD OF
Bakrieland Laporan Tahunan 2024




                                  DAN TIDAK LANGSUNG                                                   COMMISSIONERS AND THE BOARD OF
                                                                                                       DIRECTORS

                                  Hingga 31 Desember 2024, tidak ada anggota Dewan Komisaris           Until 31 December 2024, there were no members of the Board
                                  dan Direksi yang memiliki saham atas Perseroan baik secara           of Commissioners and the Board of Directors who directly or
                                  langsung maupun tidak langsung.                                      indirectly owned shares in the Company.




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Kronologis Pencatatan Saham
Chronology of Shares Listing



Saham Perseroan dicatatkan di Bursa Efek Indonesia (BEI).         Company shares are listed on the Indonesia Stock
Jumlah saham beredar Perseroan per 31 Desember 2024 adalah        Exchange (BEI). Total number of outstanding shares as of
sebanyak 43.521.913.019 saham.                                    31 December 2024 is 43,521,913,019.


        Tahun Pencatatan                           Kegiatan                     Saham Terakumulasi       Nominal Terakumulasi
          Year of Listing                           Activity                    Accumulated Shares       Accumulated Nominal
 29 Oktober 1995                   Pra Penawaran Umum Saham Perdana                 240.000.000              120.000.000.000
 29 October 1995                   Pre-Initial Public Offering
 30 Oktober 1995                   Penawaran Umum Saham Perdana                     350.000.000              175.000.000.000
 30 October 1995                   Initial Public Offering
 6 Oktober 1997                    Penawaran Umum Terbatas I (1:3)                 1.400.000.000            700.000.000.000
 6 October 1997                    Limited General Offering I (1:3)
 12 Desember 2005                  Penawaran Umum Terbatas II (1:3)               5.600.000.000             1.120.000.000.000
 12 December 2005                  Limited General Offering II (1:3)
 1 Mei 2007                        Penawaran Umum Terbatas III (2:5)              19.600.000.000           2.520.000.000.000
 1 May 2007                        Limited General Offering III (2:5)
 1 November 2007-30 April 2010     Pelaksanaan Waran I                               359.885.695              35.988.569.500
 1 Noember 2007-30 April 2010      Warant I Exercise
 9 Juli 2010                       Penawaran Umum Terbatas IV (1:1)                39.919.771.390           4.551.977.139.000
 9 July 2010                       Limited General Offering IV (1:1)
 26 Januari 2011-26 Januari 2012   Pelaksanaan Waran II                             3.602.141.629            594.353.368.785
 26 January 2011-26 January 2012   Warant II Exercise
 31 Desember 2015                  Saham Ditempatkan & Disetor Penuh               43.521.913.019            4.912.191.301.900
 31 December 2015                  Issued & Fully Paid Shares




Kronologis Penerbitan Efek Lainnya
Chronology Of Issuance Of Other Securities



Sepanjang tahun 2024, Perseroan tidak menerbitkan obligasi/       During the year 2024, the Company did not issue bonds/sukuk/
sukuk/obligasi konversi sehingga tidak terdapat informasi         convertible bond and there was no information regarding the
                                                                                                                                     Bakrieland Annual Report 2024




mengenai jumlah obligasi/sukuk/obligasi konversi yang beredar,    number of bonds/sukuk/convertible bond in circulation, interest/
tingkat bunga/imbalan, tanggal jatuh tempo dan peringkat          yield rate, maturity date, and bonds/sukuk rating.
obligasi/sukuk.




                                                                                                                                     49
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                                  Profil Perusahaan | Corporate Profile




                                  Kantor Akuntan Publik
                                  Public Accounting Firm



                                  Sesuai hasil Rapat Umum Pemegang Saham yang                             According to the General Meeting of Shareholders on 13 June
                                  diselenggarakan tanggal 13 Juni 2024, serta berdasarkan                 2024, as well as based on the appointment of the Board of
                                  penunjukkan Dewan Komisaris tanggal 19 Juni 2024, Perseroan             Commissioners on 19 June 2024, the Company decided to
                                  memutuskan menggunakan jasa Kantor Akuntan Publik Y.                    employ the services of Y. Santosa and Partner, Public Accounting
                                  Santosa dan Rekan dengan Akuntan Publik (Signing Partner)               Office and Public Accountant (Signing Partner) Tjiendradjaja
                                  yaitu Bapak Tjiendradjaja Yamin untuk melakukan audit terhadap          Yamin, to conduct the audit of the Company’s financial report,
                                  laporan keuangan Perseroan yang berakhir pada tanggal                   which ended on 31 December 2024.
                                  31 Desember 2024.

                                  Berikut ini disampaikan informasi lengkap mengenai KAP dan              Following is complete information on the Public Accounting Office
                                  Akuntan Publik serta jasa atestasi yang ditawarkan untuk tahun          (KAP) and Public Accountant, as well as the attestation services
                                  buku 2024:                                                              offered for the 2024 financial year:

                                   Kantor Akuntan Publik (KAP) Y. Santosa dan Rekan
                                   Public Accounting Firm (KAP) Y. Santosa and Partners
                                   Alamat                                 Jl. Sisingamangaraja No. 26, Lantai 2
                                   Address                                Jakarta, 12110
                                                                          Tel. +62 21 723 0589
                                                                          Fax. +62 21 7278 8954

                                                                          Jl. Sisingamangaraja No. 26, 2nd Floor
                                                                          Jakarta, 12110
                                                                          Tel. +62 21 723 0589
                                                                          Fax. +62 21 7278 8954
                                   Nama Akuntan Publik                    Tjiendradjaja Yamin
                                   Name of Public Accountant
                                   Jasa yang Diberikan                    Jasa Audit:
                                   Services Provided                      Audit Laporan Keuangan Tahunan untuk Tahun Buku 2024
                                                                          Jasa Non-Audit:
                                                                          Tidak memberikan jasa lain di luar jasa audit laporan keuangan konsolidasian tahun buku 2024

                                                                          Audit Services:
                                                                          Audit of Annual Financial Statement for Fiscal Year 2024
                                                                          Non-Audit Services:
                                                                          Other services apart from audit services for the consolidated financial statements of fiscal year
                                                                          2024 are not provided
                                   Periode Penugasan                      31 Desember 2024
                                   Period of Assignment                   31 December 2024
                                   Biaya                                  Rp2,83 miliar
                                   Fee                                    Rp2.83 billion
Bakrieland Laporan Tahunan 2024




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Lembaga dan Profesi Penunjang Pasar Modal
Capital Market Supporting and Professional Institutions



Nama dan Alamat
Name and Address


BIRO ADMINISTRASI EFEK          Menara Tekno Lantai 7                            Tekno Tower 7th Floor
SHARE REGISTRAR                 Jl. Fachrudin No. 19                             Jl. Fachrudin No 19
PT Sinartama Gunita             Tanah Abang Jakarta Pusat 10250                  Tanah Abang, Central Jakarta 10250
                                Tel      : +62 21 392 2332                       Phone : +62 21 392 2332
                                Fax      : +62 21 392 3003                       Fax      : +62 21 392 3003
                                Website : www.sinartama.co.id                    Website : www.sinartama.co.id
                                E-mail : helpdesk1@sinartama.co.id               E-mail : helpdesk1@sinartama.co.id



PENCATATAN SAHAM                Gedung Bursa Efek Indonesia, Tower 1, Lantai 6   Indonesian Stock Exchange Building 1, 6th Floor
SHARE LISTING                   Jl. Jend. Sudirman Kav. 52-53 Jakarta Selatan    Jl. Jend. Sudirman Kav. 52-53 South Jakarta,
PT Bursa Efek Indonesia         12190, Indonesia                                 12190, Indonesia
                                Call Center : 150515 (hanya domestik)            Call Center : 150515 (domestic only)
                                Whatsapp : +6281181150515                        Whatsapp : +6281181150515
                                E-mail      : contactcenter@idx.co.id            E-mail      : contactcenter@idx.co.id



NOTARIS                         Menara Sudirman Lantai 18                        Sudirman Tower 18th Floor
NOTARY                          Jl. Jend Sudirman Kav 60                         Jl. Jend Sudirman Kav 60
Aryanti Artisari, S.H., M.Kn.   Jakarta Selatan, 12190                           South Jakarta, 12190
                                Telp : (021)-5204778 (hunting)                   Phone : (021)-5204778 (hunting)
                                Fax : (021)-5204779 - 5204780                    Fax : (021)-5204779 - 5204780
                                E-mail : aryanti.artisari@gmail.com              E-mail : aryanti.artisari@gmail.com



KUSTODIAN                       Gedung Bursa Efek Indonesia,                     Indonesian Stock Exchange Building,
CUSTODIAN                       Tower 1 Lt. 5                                    Tower 1 5th Floor
PT Kustodian Sentral Efek       Jl. Jend Sudirman Kav 52-53, Jakarta,            Jl. Jend Sudirman Kav 52-53, Jakarta,
Indonesia                       12190, Indonesia                                 12190, Indonesia
                                Telp : (021)-5152855                             Phone : (021)-5152855
                                Fax : (021)- 52991199                            Fax : (021)- 52991199
                                E-mail : helpdesk@ksei.co.id                     E-mail : helpdesk@ksei.co.id



AKUNTAN PUBLIK                  Jl. Sisingamangaraja No 26, Lantai 2,            Jl. Sisingamangaraja No 26, 2nd Floor,
PUBLIC ACCOUNTANT               Jakarta Selatan, 12110, Indonesia                South Jakarta, 12110, Indonesia
Y. Santosa dan Rekan            Telp : (021) 7230589                             Phone : (021) 7230589
                                E-mail : contact-jakarta@ysrcpafirm.co.id        E-mail : contact-jakarta@ysrcpafirm.co.id
                                                                                                                                   Bakrieland Annual Report 2024




                                                                                                                                     51
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                                  Profil Perusahaan | Corporate Profile




                                  Informasi Situs Website Perseroan
                                  Information on Company Website




                                  Berdasarkan POJK No. 8/POJK.04/2015, Perseroan telah              Based on POJK No. 8/POJK.04/2015, the Company provides the
                                  menyediakan situs website www.bakrieland.com. yang dapat          www.bakrieland.com website accessible by all stakeholders. This
                                  diakses oleh seluruh pemangku kepentingan. Situs web ini          website is part of the information transparency of the Company
                                  merupakan bagian dari keterbukaan informasi dari Perseroan        for all stakeholders to obtain Company-related information. The
                                  untuk seluruh pemangku kepentingan memperoleh informasi           Company’s website also contains information on products and
                                  terkait Perseroan. Situs web Perseroan juga memuat informasi      services provided by the Company. Information displayed on
                                  produk dan layanan yang diberikan Perseroan. Informasi yang       the website is always updated periodically.
                                  disajikan dalam situs web senantiasa diperbarui secara berkala.

                                  Situs website tersebut merupakan portal resmi Perseroan yang      The website is the Company’s official portal, which can be openly,
                                  dapat diakses secara terbuka, kapan saja, dan di mana saja,       easily and simply accessed at any time and from anywhere,
                                  dengan mudah dan sederhana, dengan tujuan memberikan              with the purpose of providing comprehensive, accurate, and
                                  informasi yang komprehensif, akurat dan aktual tentang            actual information on the Company to the general public. The
                                  Perseroan kepada khalayak luas. Situs website resmi Perseroan     Company’s official website is presented bilingually, in Bahasa
                                  yang disajikan dengan dua bahasa, yaitu Bahasa Indonesia dan      Indonesia and English.
                                  bahasa Inggris.

                                  Pemenuhan Informasi Pada Situs Website Perusahaan                 Compliance in Information Provided on the Company
Bakrieland Laporan Tahunan 2024




                                                                                                    Website
                                  Berikut pemenuhan informasi pada situs website Perseroan.         Following is compliance on the provision of information on the
                                                                                                    Company website.
                                  1. Informasi mengenai nama pemegang saham utama dan               1. Information on the major and controlling shareholder of the
                                     pengendali Emiten/Perusahaan Publik, baik langsung                 Issuer/Public Company, both directly and indirectly, up to the
                                     maupun tidak langsung, sampai kepada pemilik individu,             individual owner, presented in scheme or diagram format;
                                     yang disajikan dalam bentuk skema atau diagram;
                                  2. Informasi mengenai nama entitas anak, perusahaan asosiasi,     2. Information on subsidiaries, associations, and venture
                                     perusahaan ventura bersama dimana Emiten/Perusahaan               companies and where the Issuer/Public Company has
                                     Publik memiliki pengendalian bersama entitas, beserta             joint-control with subsidiaries, as well as share ownership
                                     persentase kepemilikan saham, bidang usaha, dan status            percentage, line of business, and status of company
                                     operasi perusahaan;                                               operations;
 52
Page 55
3. Informasi mengenai struktur grup Emiten atau Perusahaan         3. Information on Issuer or Public Company group structure in
    Publik dalam bentuk bagan yang paling kurang meliputi              the form of a diagram that at least covers companies within
    perusahaan dalam grup Emiten/Perusahaan Publik yang                the Issuer/Public Company’s group under the supervision
    berada dalam pengawasan OJK;                                       of the Financial Services Authority (OJK);
4. Informasi mengenai profil Direksi, Dewan Komisaris, Komite,     4. Information on the profiles of the Board of Directors, the Board
    dan Sekretaris Perusahaan;                                         of Commissioners, Committees, and Corporate Secretary;
5. Informasi bagi pemodal atau investor;                           5. Information on investors;
6. Informasi mengenai laporan tahunan untuk periode 5 (lima)       6. Information on annual reports for the period of the last 5
    tahun buku terakhir;                                               (five) financial years;
7. Informasi keuangan;                                             7. Information on finance;
8. Informasi Rapat Umum Pemegang Saham;                            8. Information on General Meetings of Shareholders;
9. Informasi saham, obligasi, dan dividen;                         9. Information on shares, bonds and dividends;
10. Informasi terkait aksi korporasi yang dilakukan oleh Emiten;   10. Information related to corporate actions conducted by Issuer;
11. Informasi tata kelola perusahaan termasuk:                     11. Information on corporate governance including:
    a. Piagam Unit Audit Internal                                      a. Charter of Internal Audit Unit
    b. Kode etik                                                       b. Code of Ethics
    c. Pedoman kerja komite                                            c. Committee work guidelines
    d. Kebijakan manajemen risiko                                      d. Risk management policy
    e. Kebijakan mekanisme sistem pelaporan pelanggaran                e. Policy on violation reporting system mechanism
    f. Kebijakan anti korupsi                                          f. Policy on anti-corruption
    g. Kebijakan terkait seleksi pemasok dan hak kreditur              g. Policy related to supplier selection and rights of creditors
    h. Kebijakan dalam peningkatan kemampuan vendor                    h. Policy on improving capabilities of vendors
12. Informasi tanggung jawab sosial perusahaan.                    12. Information on corporate social responsibility.




                                                                                                                                         Bakrieland Annual Report 2024




                                                                                                                                          53
Page 56

          
Page 57
03
Laporan
Manajemen
Management Report
Page 58
                                  Laporan Manajemen | Management Report




                                  Laporan Dewan Komisaris
                                  Report from the Board of Commissioners




               “                  Dewan Komisaris berpendapat
                                  bahwa Direksi telah
                                  menerapkan strategi bisnis
                                  yang tepat di tengah tantangan
                                  ketegangan geopolitik dunia
                                  dan sejalan dengan percepatan
                                  pemulihan perekonomian
                                  nasional.
                                  The Board of Commissioners
                                  views that the Board of Directors
                                  has implemented the right
                                  business strategy amidst the
                                  challenges of global geopolitical




                                                                ”
                                  tensions, and still in line with
                                  the acceleration of national
                                  economic recovery.
Bakrieland Laporan Tahunan 2024




                                  Bambang Irawan Hendradi
                                  Presiden Komisaris
                                  President Commissioner




56
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Para Pemegang saham dan Pemangku Kepentingan yang                    Our Distinguished Shareholders and Stakeholders,
Terhormat,

Di tengah meningkatnya ketegangan geopolitik dunia yang              Amidst the increasing tensions of global geopolitics that
memberi dampak melemahnya prospek ekonomi dan keuangan               generated an impact on the weakening global economic and
global, kinerja perekonomian nasional tercatat tetap menguat.        financial prospects, the national economic performance continued
Dengan situasi yang masih diselimuti ketidakpastian, izinkan         to strengthen. With the situation of such uncertainties, allow
saya mewakili Dewan Komisaris PT Bakrieland Development              me to represent the Board of Commissioners of PT Bakrieland
Tbk (“Perseroan”) menyampaikan laporan Dewan Komisaris pada          Development Tbk (“Company”) to deliver the report of the Board
Laporan Tahunan Terintegasi 2024 yang dapat memberikan               of Commissioners in the 2024 Integrated Annual Report, which
gambaran tentang upaya Perseroan untuk dapat menjaga kinerja         portrays the overview of the Company’s efforts to continue to
positif Perseroan.                                                   maintain the Companys good performance.

PERTUMBUHAN EKONOMI NASIONAL                                         NATIONAL ECONOMIC GROWTH
TETAP BERDAYA TAHAN DI TENGAH                                        REMAINED RESILIENT AMIDST
KETIDAKPASTIAN EKONOMI GLOBAL                                        UNCERTAINTIES IN GLOBAL ECONOMY

Menutup tahun 2024, kondisi perekonomian global relatif stabil       Closing the year 2024, the global economic relatively stable
sejalan dengan meredanya tekanan di pasar keuangan global            in line with the easing pressure of the global financial market
terutama setelah kepastian kembali terpilihnya Trump sebagai         following the assurance of the reappointment of Trump as the US
Presiden AS, serta pelonggaran kebijakan moneter di berbagai         President and easing monetary policy in several major countries in
negara utama sebagai respons tekanan inflasi yang melambat.          response to slowing inflationary pressures. The continued decline
Laju penurunan inflasi global yang terus berlanjut khususnya         of global inflation rates, specifically in such developed countries
di negara maju seperti AS, mendorong beberapa bank sentral           as the US, has encouraged central banks to cut interest rates.
melakukan pemangkasan suku bunga. Sepanjang tahun 2024,              Throughout the year 2024, The Fed cut interest rates by 100 bps
The Fed telah memangkas suku bunganya sebesar 100 bps                as of September 2024. Nevertheless, close attention must also
terhitung sejak September 2024. Kendati demikian, perlu              be focused on the risk factor, such as with the development of
diperhatikan juga faktor risiko seperti perkembangan konflik         geopolitical conflicts in the Middle East and Ukraine as well as
geopolitik di Timur tengah dan Ukraina serta “Trump Effect”          the “Trump Effect” that can potentially raise commodity prices
yang berpotensi memicu peningkatan harga komoditas dan               and inflation rates ahead.
inflasi ke depan.

Di tengah dinamika ekonomi global, perekonomian domestik             In the midst of global economic dynamics, the domestic economy
tumbuh moderat yang didukung ekspor dan pengeluaran                  grew moderately with the support of exports and government
pemerintah, meski investasi dan konsumsi cenderung                   spending, although investment and consumption tend to hold
melambat. Secara umum, pertumbuhan konsumsi domestik                 back. In general, the deceleration of domestic consumption
yang melambat ditengarai merupakan dampak dari penurunan             growth was believed to be the impact of a decline in the middle
jumlah kelas menengah yang diikuti dengan pelemahan daya beli        class followed by a weakening of the people’s purchasing power
masyarakat akibat Pemutusan Hubungan Kerja (PHK) di berbagai         due to layoffs in various industrial sectors. As an implication,
sektor industri. Sebagai implikasinya, masyarakat cenderung          people tend to restrain from consuming because of precautionary
menahan konsumsi karena motif berjaga-jaga untuk menghindari         motives to avoid uncertainty arising from current geopolitical,
ketidakpastian yang timbul dari gejolak geopolitik, sosial, maupun   social and economic turmoil.
ekonomi saat ini.
                                                                                                                                           Bakrieland Annual Report 2024




Tercatat, Ekonomi Indonesia pada Triwulan III-2024 mampu             As recorded, Indonesia’s Economy in Quarter III-2024 managed
tumbuh sebesar 4,95% (YoY), 1,5% (qtq), atau sebesar 5,03% (ctc)     to grow by 4.95% (YoY), 1.5% (qtq), or 5.03% (ctc) in the midst of
ditengah masih tingginya ketidakpastian dan berbagai tantangan       high uncertainty and various overshadowing global challenges,
global yang masih membayangi, seperti fragmentasi geoekonomi,        such as geo-economic fragmentation and geopolitical tension.
ketegangan geopolitik, hingga proyeksi ekonomi global yang           The global economic projection grew by 3.2% in 2024 and
tumbuh 3,2% pada 2024 dan 2025, dimana masih di bawah rata-          2025, which remains below the historical average. Such a solid




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                                  Laporan Manajemen | Management Report




                                  rata historis. Kinerja ekonomi yang solid tersebut ditandai juga   economic performance was also denoted by the positive rise of
                                  dengan pertumbuhan positif seluruh komponen pengeluaran.           all expenditure components. Household consumption grew by
                                  Konsumsi rumah tangga tumbuh 4,91% dengan kontribusi 53,08%        4.91% with a contribution of 53.0% PDB. Consumption remained
                                  PDB. Konsumsi masih tumbuh kuat seiring implementasi bauran        strong along with the implementation of a policy mix to maintain
                                  kebijakan untuk menjaga daya beli. Sementara itu, pembentukan      purchasing power. Meanwhile, the gross fixed-capital formation
                                  modal tetap bruto (PMTB) tumbuh sebesar 5,15% dengan               (PMTB) grew by 5.15% with a contribution of 29.75% driven by
                                  kontribusi sebesar 29,75%, didorong investasi pemerintah dan       government and private investments specifically through the
                                  swasta khususnya lewat pembangunan infrastruktur.                  development of infrastructure.

                                  Demikian juga dialami Perseroan yang tetap dapat menjaga           Likewise, the Company remained able to maintain its performance.
                                  kinerjanya. Di bawah kendali para jajaran Direksi, Perseroan       Under the control of the Board of Directors, the Company was
                                  telah mampu menunjukkan kemampuan dan pengalamannya                able to exert its capacity and experience to overcome these
                                  dalam mengatasi kondisi yang serba menantang tersebut. Hal         challenging conditions. This was visible through the Company’s
                                  ini menunjukkan bahwa Perseroan bisa dan mampu memperkuat          ability and competence in strengthening its position as a
                                  posisinya sebagai emiten properti nasional terkemuka di            prominent national property issuer in Indonesia. Apart from
                                  Indonesia. Selain berkonsentrasi pada kekuatan yang dimiliki,      concentrating on its own strengths, the Company also adapted
                                  Perseroan juga beradaptasi untuk menyesuaikan diri dengan          itself to the ever-changing conditions and situations around it.
                                  kondisi dan situasi yang selalu berubah.

                                  Kedepannya, Pemerintah akan terus mencermati perkembangan          Going forward, the Government will continue to observe
                                  volatilitas ekonomi global dan dampaknya kepada ekonomi            developments in global economic volatility and its impact on
                                  domestic. Pemerintah juga senantiasa mendorong emiten untuk        the domestic economy. The Government also continuously
                                  menatap tahun 2025 dengan penuh keyakinan dan optimisme            encourages issuers to look ahead into the year 2025 with full
                                  serta terus memperkuat manajemen risiko salah satunya dengan       confidence and optimism, as well as constantly strengthening
                                  penguatan permodalan. Selanjutnya, OJK juga meminta emiten         its risk management, one of which is by strengthening its capital.
                                  agar terus memperhatikan aspek kehati-hatian (prudent),            Furthermore, OJK also appeals for issuers to keep attention to
                                  profesionalisme, inovatif, dan selalu menjaga integritas untuk     such aspects as prudence, professionalism, innovation, and to
                                  bisa mencapai pertumbuhan yang tinggi, sehat dan berkelanjutan.    always maintain integrity in order to accomplish high, sound,
                                                                                                     and sustainable growth.

                                  PENILAIAN KINERJA DIREKSI DAN DASAR                                PERFORMANCE ASSESSMENT OF THE
                                  PENILAIANNYA                                                       BOARD OF DIRECTORS AND BASIS OF
                                                                                                     ASSESSMENT

                                  Mengemban aspirasi pemegang saham dalam menjalankan                In executing the aspirations of the shareholders to carry out the
                                  fungsi pengawasan dan memberikan arahan terhadap kebijakan         supervisory function and provide directives on the policies and
                                  dan pengelolaan Direksi terhadap Perseroan, Dewan Komisaris        management of the Board of Directors towards the Company, the
                                  menyambut baik pencapaian kinerja yang ditunjukkan Perseroan       Board of Commissioners accepted the performance achievements
                                  sepanjang tahun 2024. Direksi telah melakukan pengelolaan          shown by the Company throughout the year 2024. The Board
                                  Perseroan yang accountable dan prudent serta cepat tanggap         of Directors accountably and prudently managed the Company
                                  dalam menyikapi berbagai tantangan global maupun nasional          aside from quickly responded well to the various global as well
                                  di tahun 2024. Direksi telah mengambil langkah-langkah             as domestic challenges faced during the year. The Board of
Bakrieland Laporan Tahunan 2024




                                  inisiatif strategis dan kebijakan yang tepat serta fokus pada      Directors has taken appropriate strategic initiatives and policies
                                  yang berkelanjutan melalui penerapan Tata Kelola Perseroan         and focused on sustainability through the implementation of good
                                  dan manajemen risiko yang baik serta terukur.                      and measurable Corporate Governance and risk management.

                                  Kami menilai bahwa Direksi telah berhasil menjalankan              We assessed that the Board of Directors successfully carried out
                                  operasional Perseroan dengan efisien dan efektif. Direksi          the Company’s operations efficiently and effectively. The Board
                                  beserta jajaran manajemen telah menunjukkan komitmen yang          of Directors, together with its management team have exhibited
                                  tinggi dalam meningkatkan produktivitas, mengelola risiko, dan     high commitment in increasing productivity, risk management,
                                  memastikan kepatuhan terhadap regulasi yang berlaku.               and ensured compliance with prevailing regulations.




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Dewan Komisaris secara aktif terlibat dalam pengawasan              The Board of Commissioners was actively involved in supervising
terhadap perumusan dan implementasi strategi Perseroan yang         the formulation and implementation of the Company’s strategies
dilakukan oleh Direksi. Melalui pertemuan rutin, laporan keuangan   carried out by the Board of Directors. Through routine meetings,
berkala, dan evaluasi kinerja, Dewan Komisaris memastikan           periodic financial reports, and performance assessments, the
bahwa Direksi bertanggung jawab atas keputusan strategis            Board of Commissioners ensures that the Board of Directors has
yang diambil, dengan tetap memperhatikan kepentingan jangka         been accountable for the strategic decisions taken, taking into
panjang Perseroan dan pemangku kepentingan.                         account the long-term interests of the Company and stakeholders.

Pada tahun 2024, Dewan Komisaris mengarahkan fokus                  In the year 2024, the Board of Commissioners directed its
pengawasan terhadap strategi peningkatan pertumbuhan                supervisory focus on the strategies to improve recurring and
pendapatan berulang (recurring) dan tidak berulang (nonrecurring)   non-recurring revenue growth, which are still being maintained
yang masih terus dipertahankan oleh Direksi, serta juga             by the Board of Directors, as well as paying close attention to the
menaruh perhatian terhadap strategi penguatan struktur              strategies to strengthen the financial structure, profitability, and
keuangan, profitabilitas, dan efisiensi. Dewan Komisaris telah      efficiency. The Board of Commissioners provided its views and
memberikan saran atau pandangan atas hal-hal yang menjadi           recommendations on matters that remained as the focus of its
fokus pengawasan di tahun ini, dan Direksi telah menindaklanjuti    supervision this year, and the Board of Directors has appropriately
dengan baik seluruh arahan yang kami sampaikan.                     followed up on all directives we have conveyed.

Lebih lanjut, guna mengoptimalkan kinerja keberlanjutannya,         Moreover, to optimize the performance of its sustainability, the
Perseroan menerapkan sejumlah inisiatif strategis, antara           Company implemented a number of strategic initiatives, including
lain: mengimplementasikan skema pengefisiensian biaya               the implementation of the operational cost efficiency scheme, the
operasional, menitikberatkan pada komponen-komponen biaya           emphasis on cost components that significantly contributed to the
yang berkontribusi signifikan pada profitabilitas Perseroan,        Company’s profitability, the renewal and implementation of the
memperbarui dan mengimplementasikan Standard Operating              Standard Operating Procedure (SOP) to adapt to developments
Procedure (SOP) untuk menyesuaikan dengan perkembangan              of the Company.
Perseroan.

Di samping itu, kinerja pencapaian Environmental, Social and        In addition, the performance of Environmental, Social, and
Governance (ESG) dalam operasional Perseroan juga telah             Governance (ESG) in the Company’s operations has also
menunjukkan komitmen Perseroan dalam melaksanakan program           demonstrated the Company’s commitment to implementing
keberlanjutan melalui produk, operasional, dan program CSR          sustainability programs through the Company’s products,
Perseroan.                                                          operations, and CSR programs.

PERAN PENGAWASAN DEWAN KOMISARIS                                    THE SUPERVISORY ROLE OF THE BOARD
TERHADAP IMPLEMENTASI STRATEGI YANG                                 OF COMMISSIONERS ON THE STRATEGY
DITERAPKAN DIREKSI DAN FREKUENSI                                    IMPLEMENTATION APPLIED BY THE BOARD
PEMBERIAN NASIHAT KEPADA DIREKSI                                    OF DIRECTORS AND THE FREQUENCY OF
                                                                    PROVIDING ADVICE TO THE BOARD OF
                                                                    DIRECTORS

Dalam menjalankan fungsi pengawasan, terdapat batasan               In performing the supervisory function, there are limits on the
tanggung jawab dan peran yang dijalankan. Fungsi pengawasan         responsibilities and roles carried out. The supervisory function
dijalankan Dewan Komisaris khususnya melalui pemberian saran        is carried out by the Board of Commissioners, specifically
                                                                                                                                           Bakrieland Annual Report 2024




dan nasihat kepada Direksi, serta memastikan bahwa Perseroan        through providing recommendations and advices to the Board
melaksanakan Tata Kelola Perseroan yang Baik, atau Good             of Directors, as well as ensuring that the Company performs
Corporate Governance (GCG).                                         Good Corporate Governance.




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                                  Dewan Komisaris senantiasa menjalin komunikasi yang baik           The Board of Commissioners always maintains good
                                  dengan Direksi dan jajarannya, dengan tetap mengedepankan          communication with the Board of Directors and its management
                                  hak dan wewenang kedua belah pihak. Pemberian nasihat dan          team by continually putting forward the rights and authorities
                                  saran Dewan Komisaris kepada Direksi melalui pelaksanaan rapat     of both parties. Providing advices and recommendations to
                                  Dewan Komisaris, rapat gabungan Direksi dan Dewan Komisaris,       the Board of Directors through meetings with the Board of
                                  rapat komite-komite di bawah Dewan Komisaris, arahan dan           Commissioners, meetings of the committees under the Board
                                  nasihat tertulis, serta kunjungan kerja Dewan Komisaris.           of Commissioners, written directives and advices, and working
                                                                                                     visits of the Board of Commissioners.

                                  Di sepanjang tahun 2024, Dewan Komisaris menyelenggarakan          Throughout the year 2024, the Board of Commissioners held
                                  6 (enam) kali rapat Dewan Komisaris dan 5 (lima) kali Rapat        6 (six) meetings of the Board of Commissioners and 5 (five)
                                  Gabungan bersama Direksi. Rapat-rapat tersebut menjadi forum       joint meetings with the Board of Directors. These meetings
                                  bagi Dewan Komisaris untuk melakukan evaluasi intensif dan         were the forums for the Board of Commissioners to conduct
                                  mendalam terhadap berbagai tema yang diagendakan dalam             intensive and in-depth assessments on various topics scheduled
                                  segmen perkembangan pasar terkini, perkembangan Perseroan          in the latest market developments segment, the latest Company
                                  terkini, posisi dan proyeksi keuangan terkini, serta pemenuhan     developments, the latest financial positions and projections, as
                                  kewajiban Perseroan terkait peraturan pasar modal dan peraturan    well as the fulfillment of the Company’s obligations related to
                                  lainnya.                                                           capital market regulations and other regulations.

                                  Dewan Komisaris memandang kinerja Perseroan di tahun               The Board of Commissioners views that the Company’s
                                  2024 telah melakukan langkah yang tepat untuk berupaya             performance in 2024 has taken the right steps to strive to
                                  mencapai target yang ditetapkan dan kondisi ekonomi global         achieve the set targets and the global and Indonesian economic
                                  serta Indonesia. Kinerja finansial Perseroan tetap berkelanjutan   conditions. The Company’s financial performance remains
                                  sejalan dengan implementasi berbagai program Perseroan             sustainable in line with the implementation of various Company
                                  yang dilaksanakan secara menyeluruh di semua tingkatan             programs that are carried out comprehensively at all levels of
                                  operasional Perseroan. Implementasi Program yang dirancang         the Company’s operations. Program implementation designed
                                  Perseroan dilakukan guna meningkatkan efisiensi Perseroan          by the Company was performed to improve the efficiency of the
                                  dengan memanfaatkan aset dan sumber daya yang tersedia,            Company by taking advantage of available assets and resources,
                                  memastikan penggunaannya secara efisien, serta membangun           to ensure their efficient use, as well as to develop a progressive
                                  pola pikir yang progresif.                                         mindset.

                                  Peluncuran berbagai inisiatif strategis yang telah dicanangkan     The launching of various strategic initiatives by the Board of
                                  Direksi sepanjang tahun 2024 terbukti mampu membawa                Directors during the year 2024 is proof of the Board’s capability
                                  Perseroan melalui tantangan di tahun 2024 dengan baik.             to lead the Company well through the challenges faced in 2024.

                                  PANDANGAN ATAS PROSPEK USAHA                                       VIEWS ON BUSINESS PROSPECTS
                                  YANG DISUSUN OLEH DIREKSI DAN                                      ESTABLISHED BY THE BOARD OF
                                  DASAR PERTIMBANGANYA                                               DIRECTORS AND THE BASIS OF
                                                                                                     CONSIDERATION

                                  Dewan Komisaris menilai prospek usaha Perseroan dengan             The Board of Commissioners assessed the Company’s business
                                  rencana yang telah dibuat oleh Direksi telah dilakukan secara      prospects with the plans set-forth by the Board of Directors,
Bakrieland Laporan Tahunan 2024




                                  seksama dan bertahap dengan terus memperhatikan implementasi       which were thoroughly and gradually carried out in stages by
                                  prisnip-prisnip GCG. Dewan Komisaris juga memandang seluruh        paying attention to the implementation of GCG principles. The
                                  organ Perseroan telah bersinergi dalam membangun landasan          Board of Commissioners also regards that all Company organs
                                  tata kelola yang kokoh dengan mengedepankan prinsip kehati-        have synergized in building a solid governance foundation by
                                  hatian untuk menghadapi tantangan bisnis yang semakin dinamis.     putting forward the principle of prudence to face the increasingly
                                                                                                     dynamic business challenges.




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Dewan Komisaris juga melihat dengan penuh optimisme                The Board of Commissioners also views with full optimism the
prospek usaha yang sudah disusun oleh Direksi beserta jajaran      business prospects prepared by the Board of Directors and its
manajemen. Kami menyadari bahwa tantangan di masa depan,           management team. We realize that future challenges, such as
seperti perubahan dinamika pasar dan pergeseran menuju green       with the market dynamics and shift towards green company,
company, memberikan peluang besar bagi Perseroan untuk terus       provide great opportunities for the Company to keep growing.
maju. Kami sepenuhnya mendukung strategi Perseroan untuk           We fully support the Company’s strategy to continue innovating,
terus berinovasi, memperluas pasar, dan memperkuat posisi          expanding the market, and strengthening a sustainable position
sebagai salah satu perusahaan properti terkemuka dalam industri    as one of the leading property companies in the property industry.
properti.

Dewan Komisaris menyatakan dukungan penuh terhadap prospek         The Board of Commissioners states its full support on the business
usaha yang dibuat oleh Direksi. Kami yakin bahwa dengan            prospects prepared by the Board of Directors. We are assured
komitmen, inovasi, dan strategi yang tepat, Perseroan akan         that with the commitment, innovation, and accurate strategies,
terus menjadi pemimpin dalam industri properti di Indonesia,       the Company will continue to lead in the property industry in
serta memainkan peran yang signifikan dalam mempercepat            Indonesia, as well as take a significant role in accelerating the
transisi menuju masa depan yang berkelanjutan.                     transition towards a sustainable future.

PANDANGAN DEWAN KOMISARIS                                          THE VIEWS OF THE BOARD
TERHADAP IMPLEMENTASI TATA KELOLA                                  OF COMMISSIONERS ON THE
PERSEROAN YANG BAIK DAN ASPEK                                      IMPLEMENTATION OF GOOD
KEBERLANJUTAN                                                      CORPORATE GOVERNANCE AND
                                                                   SUSTAINABILITY ASPECT

Struktur tata kelola Perseroan dibangun untuk melindungi           The Company’s governance structure is set to protect the interests
kepentingan seluruh pemangku kepentingan serta meningkatkan        of all stakeholders and increase the value for shareholders.
nilai bagi para pemegang saham. Perseroan berkomitmen              The Company is committed to continuing to implement the five
untuk terus menerapkan kelima prinsip Tata Kelola Perseroan        principles of Good Corporate Governance (GCG) to maintain its
untuk menjaga reputasi dan kepercayaan publik. Hal ini akan        reputation and public trust. This will support the achievement of
mendukung pencapaian visi dan misi Perseroan serta memastikan      the company’s vision and mission and ensure good audits and
pemeriksaan dan pengendalian yang baik pada tempatnya guna         controls are in place to ensure efficient business operations
memastikan kegiatan operasional dan pengawasan bisnis yang         and supervision.
efisien.

Dewan Komisaris juga melakukan penilaian terhadap komite-          The Board of Commissioners also assessed its subordinate
komite di bawah Dewan Komisaris, yakni Komite Audit serta          committees, namely the Audit Committee and the Nomination
Komite Nominasi dan Remunerasi. Dari penilaian tersebut, Dewan     and Remuneration Committee. The Board assessed that the
Komisaris menilai bahwa Komite Audit, Komite Nominasi dan          Audit Committee and The Nomination and Remuneration
Remunerasi telah menunjukkan kinerja yang memuaskan di             Committee have performed satisfactorily throughout the year
sepanjang tahun 2024. Selain itu, Komite Audit serta Komite        2024. In addition, the Audit Committee and the Nomination
Nominasi dan Remunerasi, dinilai selalu memberikan respons         and Remuneration Committee have also responded quickly
secara cepat dan tepat kepada Dewan Komisaris, melalui             and accurately towards the Board of Commissioners through
rapat-rapat yang dilakukan. Di tahun 2024 Komite Audit telah       the meetings conducted. In 2024, the Audit Committee held
melaksanakan 7 (tujuh) kali rapat. Sementara Komite Nominasi       7 (seven) meetings. While the Nomination and Remuneration
                                                                                                                                        Bakrieland Annual Report 2024




dan Remunerasi telah menyelenggarakan rapat 3 (tiga) kali rapat.   Committee held 3 (three) meetings.




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                                  Dewan Komisaris mengapresiasi langkah Direksi untuk membuat       The Board of Commissioners is appreciative of the Board
                                  laporan keberlanjutan yang dilakukan secara rutin yang menjadi    of Directors for the sustainability report routinely conducted
                                  salah satu wujud penerapan tata kelola keberlanjutan. Hal ini     as one form of implementing sustainable governance. This
                                  tentunya semakin mengukuhkan komitmen Perseroan untuk             surely affirms that the Company’s commitment to take active
                                  turut secara aktif berkontribusi dalam mengelola risiko yang      contribution in managing risks related to the Environment, Social
                                  berkaitan dengan Lingkungan, Sosial dan Tata Kelola (ESG)         and Governance (ESG) aspects by balancing the triple bottom
                                  dengan menyeimbangkan aspek triple bottom line yang terdiri       line consisting of the people, planet, and profit (3P) to support the
                                  dari people, planet dan profit (3P) untuk mendukung pencapaian    achievement of Sustainability Development Goals (SDGs). Going
                                  Tujuan Pembangan Berkelanjutan (SDGs). Ke depannya, Dewan         forward, the Board of Commissioners hopes that the Company’s
                                  Komisaris berharap agar kinerja keberlanjutan Perseroan dapat     sustainability performance can continue to improve, including
                                  terus ditingkatkan termasuk penerapan tata kelola keberlanjutan   its sustainable governance implementation, as it provides more
                                  karena dapat memberikan nilai lebih bagi seluruh pemangku         added value for the stakeholders.
                                  kepentingan.

                                  PERUBAHAN KOMPOSISI DEWAN                                         CHANGE IN THE COMPOSITION OF THE
                                  KOMISARIS                                                         BOARD OF COMMISSIONERS

                                  Selama tahun buku 2024, tidak terdapat perubahan pada             During the year 2024, there were no changes in the composition
                                  komposisi Dewan Komisaris Perseroan.                              of the Company’s Board of Commissioners.

                                  APRESIASI                                                         APPRECIATION

                                  Atas nama Dewan Komisaris, saya ingin mengucapkan terima          On behalf of the Board of Commissioners, I would like to extend
                                  kasih kepada seluruh manajemen dan karyawan PT Bakrieland         our gratitude to the entire management and employees of PT
                                  Development Tbk atas dedikasi dan kontribusi mereka dalam         Bakrieland Development Tbk for their dedication and contribution
                                  pencapaian selama tahun 2024. Penghargaan juga diberikan          to the achievements during 2024. Our acknowledgement is also
                                  kepada para pemegang saham atas kepercayaan mereka kepada         extended to the shareholders for their trust in the Company.
                                  Perseroan. Sebagai Dewan Komisaris, kami berkomitmen untuk        As the Board of Commissioners, we are committed to keeping
                                  terus mengawasi kinerja Perseroan dan menjaga kepentingan         our supervision on the performance of the Company and
                                  seluruh pemangku kepentingan. Kami percaya bahwa dengan           safeguarding the interests of all of our stakeholders. We believe
                                  sinergi antara manajemen, karyawan, dan pemegang saham,           that with the synergy among the management, the employees,
                                  Perseroan akan terus meraih kesuksesan di masa mendatang.         and the shareholders, the Company will continue to accomplish
                                                                                                    success in times ahead.




                                                                                  Atas nama Dewan Komisaris,
                                                                             On behalf of the Board of Commissioners,
Bakrieland Laporan Tahunan 2024




                                                                                Bambang Irawan Hendradi
                                                                                        Presiden Komisaris
                                                                                      President Commissioner




 62
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Dewan Komisaris
The Board of Commissioners




      Armansyah Yamin        Bambang Irawan Hendradi     Kanaka Puradiredja
                                                                                                            2024
                                                                                                      Report2024




           Komisaris               Presiden Komisaris       Komisaris Independen
         Commisionner           President Commisionner   Independent Commisionner
                                                                                               AnnualReport
                                                                                    Bakrieland Annual




                                                                                     63
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                                  Laporan Manajemen | Management Report




                                  Laporan Direksi
                                  Report from the Board of Directors




               “                  Perseroan terus berkomitmen
                                  untuk menjaga kinerja baik dan
                                  berkelanjutan meski di tengah
                                  tantangan perekonomian yang
                                  silih berganti di sepanjang
                                  tahun 2024. Upaya tersebut
                                  dilakukan melalui penajaman
                                  fokus pada pencapaian target
                                  usaha yang selaras dengan
                                  Visi dan Misi Perseroan,
                                  terutama dalam membangun
                                  keberlanjutan bisnis Perseroan.

                                  The Company remains
                                  committed to maintaining a good
                                  and sustainable performance
                                  amidst the fluctuating economic
                                  challenges throughout the year
                                  2024. This effort is prompted
                                  by sharpening the focus on
                                  achieving business targets that
                                  are in line with the Company’s




                                                                ”
                                  Vision and Mission, especially in
                                  building the Company’s business
                                  sustainability.
Bakrieland Laporan Tahunan 2024




                                  Resza Adikreshna
                                  Presiden Direktur
                                  President Director




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Para Pemegang Saham dan Pemangku Kepentingan,                       Our Distinguished Shareholders and Stakeholders,

Puji dan syukur marilah kita panjatkan kehadirat Tuhan Yang         Our praise and gratitude to the presence of God Almighty for
Maha Esa atas limpahan nikmat dan karunia-Nya kepada kita           the abundance of His blessings and gifts that the Company was
semua sehingga Perseroan dapat melalui tahun 2024 yang penuh        able to pass through the challenging year of 2024 with good
tantangan dengan meraih kinerja yang baik. Perseroan masih          performance to note. The Company was also able to maintain
dapat mempertahankan performa bisnisnya ditengah tantangan          its business performance amidst both internal and external
internal dan juga eksternal.                                        challenges.

Direksi, beserta seluruh jajaran manajemen dan karyawan             The Board of Directors, jointly with all management levels
Perseroan serta dukungan Dewan Komisaris, telah melakukan           and employees of the Company as well as the support of the
upaya terbaik melalui program kerja dan penerapan strategi          Board of Commissioners, has extended its best efforts through
yang sesuai dengan kondisi dan tuntutan pasar, agar dapat           work programs and the implementation of strategies according
merealisasikan kinerja yang sesuai dengan harapan pemegang          to market conditions and demands in order to actualize its
saham dan pemangku kepentingan.                                     performance that meets the expectations of the shareholders
                                                                    and stakeholders.

Melalui Laporan Tahunan Terintegrasi Tahun 2024 ini,                Through this Integrated Annual Report of 2024, allow us to
perkenankan Direksi menyampaikan laporan pengelolaan                present the Company’s management report for the year 2024
Perseroan di sepanjang tahun 2024, sebagai salah satu wujud         as a form of our accountability to the Shareholders and all
pertanggungjawaban Kami kepada Pemegang Saham beserta               other stakeholders. This Integrated Annual Report also serves
seluruh pemangku kepentingan lainnya. Laporan tahunan               as the implementation of the Company’s transparency, which
Terintegrasi ini juga menjadi implementasi transparansi Perseroan   always strives to consistently uphold the principles of Corporate
yang berupaya menjunjung tinggi prinsip-prinsip Tata Kelola         Governance and continuously carry out day-to-day business
Perusahaan secara konsisten dan berkesinambungan dalam              activities.
menjalankan kegiatan usaha sehari-hari.

PERTUMBUHAN EKONOMI NASIONAL                                        NATIONAL ECONOMIC GROWTH REMAINED
TETAP SOLID DITENGAH KETIDAKPASTIAN                                 SOLID AMIDST UNCERTAINTIES IN GLOBAL
KONDISI EKONOMI GLOBAL TAHUN 2024                                   ECONOMIC CONDITIONS IN 2024

Ekonomi global berada dalam penurunan terakhir menuju soft          The global economy is in a final decline towards a soft landing a
landing (pendaratan lunak) dengan laju inflasi terus menurun        soft landing as inflation rates continued to decline and economic
dan pertumbuhan ekonomi tetap bertahan. Tetapi, laju ekspansi       growth remained resilient. Nevertheless, the expansion rate
tetap lambat, dan turbulensi mungkin ada di depan. Di sisi          remained slow, and turbulence may be up front. On the demand
permintaan, pengeluaran swasta dan pemerintah yang lebih            aspect, stronger private and government spending managed to
kuat menopang aktivitas ekonomi untuk lebih stabil, meskipun        support stable economic activities, although monetary policies
kebijakan moneter masih cenderung ketat. Di sisi penawaran,         tend to remain tight. On the supply aspect, increased labor
peningkatan partisipasi angkatan kerja, perbaikan rantai pasokan    force participation, improvements in the global supply chain,
global serta harga energi dan komoditas yang melandai (menuju       and declining energy and commodity prices (towards normal
level normal), cukup efektif mendorong pemulihan ekonomi dunia,     levels) were quite effective in driving global economic recovery,
meskipun ketidakpastian geopolitik masih terus membayangi.          though geopolitical uncertainties continued to materialize.
Kinerja ekonomi Indonesia juga tetap solid, bahkan lebih baik       Indonesia’s economic performance also remained solid, even
                                                                                                                                        Bakrieland Annual Report 2024




dibandingkan negara maju atau negara berkembang lainnya,            sounder than other developed or developing countries, such
seperti Singapura (4,1%), Arab Saudi (2,8%), dan Meksiko (1,5%).    as Singapore (4.1%), Saudi Arabia (2.8%), and Mexico (1.5%). All
Seluruh komponen pengeluaran juga mengalami pertumbuhan             spending components also experienced growth. Household
positif. Konsumsi Rumah Tangga tumbuh 4,91% dan menjadi             consumption grew by 4.91% and was the highest source of growth.
sumber pertumbuhan tertinggi.




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                                  Untuk menjaga stabilitas nilai tukar dan momentum pemulihan         To maintain stability in exchange rates and momentum of
                                  ekonomi pada tahun 2024, Bank Indonesia (BI) memutuskan untuk       economic recovery during the year 2024, Bank Indonesia (BI)
                                  mempertahankan BI Rate sebesar 6,00%, suku bunga Deposit            decided to hold the BI-Rate at 6.00%, Deposit Facility interest
                                  Facility sebesar 5,25%, dan suku bunga Lending Facility sebesar     rate at 5.25%, and Lending Facility interest rate at 6.75%. This
                                  6,75%. Keputusan ini konsisten dengan arah kebijakan moneter        decision was consistent with the monetary policy’s direction to
                                  untuk memastikan tetap terkendalinya inflasi dalam sasaran          ensure control over inflation rates within the range of 2.5+1% in
                                  2,5±1% pada 2024 dan 2025, serta mendukung pertumbuhan              2024 and 2025, as well as support continuous economic growth.
                                  ekonomi yang berkelanjutan. Fokus kebijakan moneter diarahkan       The focus of monetary policy was leading towards strengthening
                                  untuk memperkuat stabilitas nilai tukar Rupiah dari dampak          the stability of the Rupiah exchange rate from the impact of
                                  makin tingginya ketidakpastian perekonomian global akibat           increasing global economic uncertainty due to the direction of
                                  arah kebijakan Amerika Serikat (AS) dan eskalasi ketegangan         the United States (US) policy and the escalation of geopolitical
                                  geopolitik di berbagai wilayah. Ke depan, Bank Indonesia terus      tensions in various regions. Going forward, Bank Indonesia
                                  mencermati pergerakan nilai tukar Rupiah dan prospek inflasi        continues to monitor the movement of the Rupiah exchange
                                  serta dinamika kondisi ekonomi yang berkembang, dalam               rate and the prospects for inflation as well as the dynamics of
                                  memanfaatkan ruang penurunan suku bunga kebijakan lanjutan.         developing economic conditions, in utilizing the space for further
                                                                                                      policy interest rate reductions.

                                  Tahun 2024 merupakan tahun politik bagi Indonesia. Hal ini          The year 2024 was a political year for Indonesia. This made
                                  menjadikan banyak pihak yang berkepentingan dengan sektor           many parties interested in the property sector take the “wait and
                                  properti mengambil sikap “wait and see”. Para pengembang            see” stand. Developers tend to hold project development to see
                                  cenderung menahan pembangunan proyeknya untuk melihat               the next political direction; some consumers or buyers as well
                                  arah politik berikutnya, para konsumen atau pembeli sebagian        were more cautious, specifically for those investing in properties.
                                  pun mengambil sikap lebih hati-hati, khususnya untuk mereka
                                  yang berinvestasi di properti.

                                  Secara umum dapat dikatakan proses Pemilu memiliki dampak           In general, the election process posed a significant impact on
                                  signifikan terhadap pasar properti, terutama karena adanya          the property market, especially due to the uncertainties present
                                  ketidakpastian di kalangan pelaku bisnis dan investor, antara       among business and investor circles, which include market
                                  lain terkait dengan ketidakpastian pasar; sentimen pasar, yang      uncertainties and sentiments that are affected by political
                                  terpengaruh oleh berita dan perdebatan politik; kebijakan           news and debates; economic policies were uncertain due to
                                  ekonomi yang belum pasti oleh pandangan yang berbeda dari           the differing views of the presidential candidates, as well as the
                                  para kandidat presiden; serta aktivitas pasar yang wait and see.    ”wait and see” market activities.

                                  Itu sebabnya, pasar properti Indonesia pada tahun 2025              For this reason, Indonesia’s property market in 2025 is projected
                                  diproyeksikan akan mengalami kebangkitan setelah beberapa           to recover after several years of being pressed down by the
                                  tahun tertekan dampak pandemi dan ketidakpastian ekonomi            impact of the pandemic and global economic uncertainty. After
                                  global. Setelah Pemilu 2024, baik Pilpres maupun Pilkada yang       the 2024 election, both the presidential and regional elections
                                  secara umum telah berlangsung dengan kondusif dan aman,             generally took place in a conducive and safe manner, that the
                                  pasar mengekspektasikan terciptanya suatu stabilitas politik yang   market expects the emergence of a political stability that can
                                  dapat meningkatkan kepercayaan investor dan masyarakat untuk        increase the trust of the investors and the public to invest in
                                  berinvestasi di sektor properti.                                    the property sector.
Bakrieland Laporan Tahunan 2024




                                  Faktor berikutnya adalah harapan pemulihan pasar dari pandemi       Another factor is the hope for a market recovery from the
                                  yang telah menimbulkan ketidakstabilan sebelumnya. Kemudian,        pandemic that has caused previous instabilities. Subsequently,
                                  pasar juga berharap adanya kebijakan pemerintah baru yang           the market also hopes for the new government’s policy that
                                  lebih proaktif terhadap pertumbuhan pembangunan perumahan           is more proactive on the development growth of livable and
                                  layak huni dan terjangkau, termasuk program pembangunan 3           affordable housing, including the 3 million housing development
                                  juta rumah pada periode 2025-2029.                                  program for the period of 2025-2029.




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Di pihak lain, para pelaku pasar properti terus beradaptasi dengan   On the other hand, property market players continue to
perubahan preferensi konsumen properti, di mana nampaknya            adapt to changes in property consumer preferences, where
konsumen kini lebih memilih properti yang mendukung gaya             consumers now seem to prefer properties that support a healthy,
hidup sehat, ramah lingkungan, dan berbasis teknologi. Living        environmentally friendly, and technology-based lifestyle. The
sector, atau sektor hunian juga masih menjadi sektor utama           living sector remains to be the main sector that encourages the
yang mendorong pertumbuhan properti nasional saat ini. Ragam         current national property growth. The variety of housing needs is
kebutuhan hunian menjadi penggerak transaksi, mulai dari hunian      driving transactions, starting from housing for the middle class,
untuk kelompok menengah, asrama/hunian di sekitar perguruan          dormitories/housing around campus, and the growth of co-living
tinggi, tumbuhnya co-living di area perkotaan menjadikan             in urban areas makes investment in the housing sector remain
investasi di sektor hunian tetap menarik, dan diperkirakan akan      attractive and is expected to continue to grow positively this year
terus tumbuh positif di tahun ini meski di tengah pelemahan          even amidst weakening purchasing power. Green property will
daya beli masyarakat. Green Property akan mempengaruhi               affect future property development. Green Property will become
pengembangan properti di masa depan. Green Property akan             the center of attention in future real estate development in the
menjadi pusat perhatian dalam pengembangan real estate masa          Asian region, as awareness of the importance of ESG principles
depan di kawasan Asia, seiring dengan meningkatnya kesadaran         is on the rise.
akan pentingnya prinsip-prinsip ESG.



PERAN DIREKSI DALAM PROSES STRATEGI                                  ROLE OF THE BOARD OF DIRECTORS IN
DAN RENCANA BISNIS SERTA PENGAWASAN                                  BUSINESS STRATEGY AND PLAN PROCESS
TERHADAP IMPLEMENTASINYA                                             AND IMPLEMENTATION SUPERVISION

Direksi bersama tim manajemen merumuskan target usaha,               Jointly with the management team, the Board of Directors
anggaran, strategi dan kebijakan strategis dalam bentuk rencana      formulates business targets, budgets, strategies, and strategic
kerja dan anggaran berdasarkan gambaran umum kondisi                 policies in the form of working plans and budgets based on
eksternal dan internal. Kondisi eksternal meliputi proyeksi          the overview of the external and internal conditions. External
pertumbuhan ekonomi, indikator makro ekonomi, kondisi sosial,        conditions include economic growth projections, macroeconomic
proyeksi harga, volatilitas nilai tukar mata uang, kondisi pasar     indicators, social conditions, price projections, volatility in currency
dan persaingan usaha. Sedangkan kondisi internal antara lain         exchange, market conditions, and business competition. While
mencakup kesiapan sumber daya manusia, kapasitas penjualan,          internal conditions, among others, include readiness of the
dan data pendapatan historis. Selanjutnya, Direksi memaparkan        human resources, sales capacity, and historical income data.
rencana kerja dan anggaran kepada Dewan Komisaris di dalam           Subsequently, the Board of Directors presents the working and
rapat gabungan Direksi dan Dewan Komisaris. Dalam rapat              budget plans to the Board of Commissioners in a joint meeting
gabung tersebut, Dewan Komisaris memberikan pandangan                between the Board of Directors and the Board of Commissioners.
dan rekomendasi serta persetujuannya.                                In such a meeting, the Board of Commissioners then extends its
                                                                     views and recommendations as well as approval.

Dalam rangka memenuhi target usaha yang telah ditetapkan,            In the context of meeting the set business targets, the
tim manajemen menentukan rencana kerja pada setiap divisi            management team determines the work plan of each division
sebagai turunan dari rumusan strategi yang telah ditetapkan dan      as the breakdown from the strategic formulation previously set
disetujui dan hal tersebut menjadi rumusan Key Performance           and approved, and this becomes the formulation of the Key
Indicators (KPI) yang harus dicapai pada tahun buku hingga ke        Performance Indicators (KPI) compulsory to accomplish in the
struktur terbawah.                                                   fiscal year down to the lowest level of the structure.
                                                                                                                                                Bakrieland Annual Report 2024




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                                  Laporan Manajemen | Management Report




                                  Adapun evaluasi atas implementasi rencana strategis Perseroan        Periodic evaluation of the implementation of the Company’s
                                  dilakukan secara berkala melalui rapat yang diselenggarakan          strategic plan is carried out through meetings held at least once
                                  minimal satu kali dalam sebulan oleh Direksi atau sewaktu-waktu      a month by the Board of Directors or at any time according to
                                  sesuai kondisi dan urgensinya bersama jajaran manajemen.             conditions and urgency jointly with the management team. During
                                  Pada rapat tersebut, Direksi beserta jajaran manajemen               such meetings, the Board of Directors and its management team
                                  membahas indikator pencapaian bisnis, parameter risiko,              discuss indicators of business achievement and risk parameters,
                                  serta mengupayakan solusi atas kendala yang dihadapi dan             as well as efforts to find solutions to constraints faced and results
                                  menghasilkan keputusan strategis untuk mengatasi gap yang            in strategic decisions to overcome existing gaps in monthly
                                  ada atas pencapaian kinerja bulanan.                                 performance achievements.

                                  Lebih lanjut, pada Juni 2024, setelah dilakukan pergantian           Furthermore, in June 2024, following the change in the Company’s
                                  terhadap Direksi Perseroan, diluncurkan tata nilai (Core Values)     Board of Directors, the new Company Core Values were launched,
                                  Perseroan yang baru bernama SIGAP (Sinergi, Inovatif, Gesit,         known as SIGAP (Synergy, Innovative, Swift Responsiveness,
                                  Amanah, dan Peduli) sebagai langkah strategis untuk memastikan       Integrity, Caring) as the strategic step to ensure the transition
                                  transisi dan transformasi organisasi dapat tercapai.                 and transformation of the organization can be accomplished.

                                  Inisiatif-inisiatif yang diimplementasikan pada tahun 2024           Initiatives implemented during the year 2024 aimed for the
                                  bertujuan untuk menerapkan fondasi budaya Perseroan                  implementation of the Company’s fundamental culture based
                                  berbasiskan tata nilai SIGAP. Inisiatif yang dilakukan harus         on the SIGAP values. Initiatives carried out must be appropriately
                                  terkomunikasikan dengan baik, dapat langsung dirasakan               communicated, can be directly felt by employees, and positively
                                  oleh karyawan, dan berdampak positif bagi kinerja Perseroan.         impact the Company’s performance. Several implemented
                                  Beberapa inisiatif yang dilakukan, antara lain sebagai berikut:      initiatives, among others, are as follows:
                                  · Leaders Meeting sebagai bentuk pengawasan terhadap seluruh         · Leaders Meeting as a form of supervision of all of the Company’s
                                       pimpinan Perseroan. Mekanisme dilakukan dengan meeting               leaders. The mechanism is carried out by meeting with the
                                       bersama Direksi dengan pimpinan Perseroan untuk membahas             Board of Directors and the Company’s leaders to discuss
                                       isu signifikan bisnis yang dilakukan secara berkala.                 significant business issues that are carried out periodically.
                                  · Penyesuaian organisasi agar dapat memenuhi ekspektasi              · Organizational adjustments so as to meet the expectation
                                       akan kebutuhan pelayanan terhadap pelanggan eksternal                on services needed for external and internal customers.
                                       maupun internal.
                                  · Internalisasi tata nilai SIGAP melalui pelatihan, sosialisasi      ·   Internalization of the SIGAP values through training and
                                       melalui sarana komunikasi Perseroan.                                socialization through the Company’s means of communication.
                                  · Rekrutmen karyawan baru berdasarkan tata nilai SIGAP serta         ·   Recruitment of new employees based on SIGAP values as
                                       pengembangan kompetensi karyawan.                                   well as employee competency development.
                                  · Melakukan potensial assessment untuk seluruh karyawan              ·   Potential assessment for all Company employees so that
                                       Perseroan agar bagi karyawan yang berpotensial                      potential employees can receive the opportunity for career
                                       mendapatkan kesempatan untuk mengembangkan karier.                  development.
                                  · Konsolidasi Manajemen Perseroan. Secara keseluruhan,               ·   The Company Management Consolidation. Overall,
                                       sentralisasi pimpinan dalam pengambilan keputusan dapat             centralization of top leadership in decision-making can
                                       memberikan dampak positif yang signifikan, terutama dalam           have a significant positive impact, especially in increasing
                                       meningkatkan efisiensi, konsistensi kebijakan, dan koordinasi       efficiency, policy consistency, and coordination throughout
                                       di seluruh Perseroan.                                               the Company.
                                  · Mendorong inisiatif digitalisasi di setiap lini Perseroan utuk     ·   Encourage digitalization initiatives in every line of the
Bakrieland Laporan Tahunan 2024




                                       beradaptasi dengan perkembangan jaman dan meningkatkan              Company to adapt to the times and improve Company
                                       performa Perseroan.                                                 performance.




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PRIORITAS STRATEGI DAN KEBIJAKAN                                    PRIORITIES IN COMPANY’S STRATEGIES
STRATEGIS PERSEROAN UNTUK MERAIH                                    AND STRATEGIC POLICIES TO ACHIEVE
PERTUMBUHAN YANG LEBIH BAIK                                         IMPROVED GROWTH

Strategi dan kebijakan strategis Perseroan tahun 2024 sangat        The Company’s 2024 strategies and strategic policies were highly
dipengaruhi oleh dinamika perekonomian yang berkembang              influenced by economic dynamics that emerged throughout
sepanjang tahun 2024. Business Plan and Budget Perseroan            the year 2024. the Company’s Business Plan and Budget were
tahun 2024 disusun dengan optimisme momentum pemulihan              established with the optimism that economic recovery momentum
ekonomi akan terus berlanjut walaupun ketidakpastian global         would continue although global uncertainties remained. These
masih terus berlangsung. Risiko dan ketidakpastian global ini       risks and global uncertainties were triggered by the dynamics of
dipicu dinamika negara-negara maju yang berdampak ke global.        developed countries that impacted globally. The United States
Amerika Serikat masih dihadapkan pada inflasi yang berada di        remained to be faced with inflation above target, high interest
atas target, tingginya suku bunga, peningkatan tekanan fiskal,      rates, increasing tax pressures, and the erosion of excess savings
dan tergerusnya excess saving yang membayangi pelemahan             that overshadowed the weakening economy. In the meantime,
ekonomi. Sementara itu, negara maju lainnya yakni Republik          other developed countries, namely the People’s Republic of
Rakyat Tiongkok masih bergulat dengan pelemahan ekonomi             China, were still coping with a weakened economy post-Covid-19
pasca Covid-19 dan Eropa yang kondisi ekonominya melemah            and Europe, whose economic conditions were weakening with
dengan defisit fiskal yang meningkat diiringi oleh core inflation   increasing fiscal deficits accompanied by high-core inflation. Apart
yang masih tinggi. Selain masalah ekonomi, kondisi geopolitik       from economic issues, geopolitical conditions also presented
juga menunjukkan resiko yang makin tinggi, dimana perang di         increasing risks, where the war in Ukraine as well as the Middle
Ukraina maupun di Timur Tengah menimbulkan downside risk            East gave rise to downside risks on economic growth prospects.
terhadap prospek pertumbuhan ekonomi. Sentimen global juga          Global sentiments also affected the emergence of volatility in
akan menimbulkan volatilitas di sektor keuangan dan prospek         the financial sector and prospects from the war did not subside;
dari perang yang belum berakhir, mungkin akan melebar dan           perhaps they will even spread and cause protectionist pressure
menimbulkan tekanan proteksionisme serta melemahkan                 as well as weaken global trade.
perdagangan global.

Menghadapi kondisi tersebut, Perseroan melakukan review             Faced with such conditions, the Company conducted reviews on
terhadap Business Plan & Budget 2024 dengan melakukan               the 2024 Business Plan & Budget with a number of adjustments.
sejumlah penyesuaian. Perseroan tak hanya menyesuaikan              The Company not only adjusted the achievement targets but
target pencapaian, namun juga melakukan penyesuaian terhadap        also the business development strategies.
strategi pengembangan usaha.

Sepanjang tahun buku 2024, Perseroan secara khusus telah            Throughout the 2024 fiscal year, the Company specifically
menerapkan langkah-langkah strategis untuk mendorong                implemented strategic steps to boost recurring income,
pendapatan dari segmen recurring mengingat nilai kontribusinya      considering its contributing value that reached higher than 50% of
yang mencapai lebih dari 50% total pendapatan tahunan               the Company’s total income. For income growth from the recurring
Perseroan. Agar pertumbuhan pendapatan dari segmen recurring        segment to remain high, we strived with various means, such
tetap tinggi, kami telah mengupayakan berbagai cara seperti         as the placement of attractive promotions, offered innovative
melakukan promosi-promosi yang menarik, menawarkan fasilitas        facilities, as well as continued with efforts to explore other
yang inovatif, serta terus berusaha menggali ceruk bisnis lain      business niches by penetrating new markets, such as starting
dengan berpenetrasi ke pasar yang baru seperti dimulainya           the development of the new JungleSea Kalianda amusement park
pengembangan proyek taman hiburan baru Jungle Sea Kalianda,         project, as well as the takeover of Aston Sidoarjo City Hotel &
                                                                                                                                           Bakrieland Annual Report 2024




serta pengambilalihan Aston Sidoarjo City Hotel & Conference        Conference Center. This step was also carried out to strengthen
Center. Langkah ini dilakukan juga untuk memperkuat pendapatan      recurring income.
recurring.




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                                  Di sisi lain, Perseroan juga memberikan perhatian lebih terhadap       On the other hand, the Company also put more attention on
                                  peningkatan pendapatan segmen non-recurring melalui                    the increasing income from the non-recurring segment through
                                  pengembangan lanjutan dari proyek Perumahan/ Landed Housing            the follow-up development of the Landed Housing project in
                                  di Kahuripan Nirwana Sidoarjo, Bumi Pakuan dan Cluster Sayana          Kahuripan Nirwana Sidoarjo, Bumi Pakuan, and Cluster Sayana
                                  Bogor.                                                                 Bogor.

                                  Strategi lainnya yang juga menjadi prioritas Perseroan adalah          Other strategies that were also prioritized by the Company
                                  dalam bidang pengelolaan dan pengembangan SDM, Corporate               included HR management and development, Corporate Human
                                  Human Capital (CHC). Perseroan menyusun rencana strategis              Capital (CHC). The Company established strategic plans on the
                                  berbasiskan budaya Perseroan baru yang ingin dibangun dengan           basis of the Company’s new culture intended to be shaped around
                                  tata nilai bernama SIGAP. Prakteknya, nilai SIGAP ingin dapat          the SIGAP values. In practical terms, SIGAP values should be felt
                                  dirasakan melalui cara pengembangan manusianya, manajemen              through its human development methods, talent management,
                                  talenta yang dimiliki, adanya kriteria yang lebih tajam, transparan,   sharper, more transparent criteria, easy monitoring, evaluating,
                                  mudah diawasi dan di evaluasi, juga memberikan reward yang             and also providing fair rewards for employee achievements.
                                  adil untuk pencapaian karyawan. Digitalisasi di berbagai aspek         Digitalization in the various aspects of the Human Capital work
                                  proses kerja Human Capital, terutama yang berkaitan dengan             process, especially those that relate to employees, was also
                                  kekaryawanan juga terus dilakukan untuk meningkatkan                   continuously carried out to improve employees’ comfort and
                                  kenyamanan dan transparansi karyawan dalam memberikan                  transparency in giving their best performance.
                                  performa terbaiknya.

                                  Strategi penguatan pendapatan di atas disertai dengan penguatan        The above revenue-strengthening strategy was accompanied by
                                  struktur keuangan dan peningkatan profitabilitas melalui upaya         the strengthening of the financial structure and the increasing
                                  efisiensi operasional. Perseroan juga berupaya menjalin usaha          profitability through operational efficiency efforts. The Company
                                  kerja sama untuk mempercepat realisasi pengembangan proyek,            also strived to establish collaborative efforts to accelerate the
                                  serta mensinergikan fungsi penjualan dan pemasaran dalam               realization of project development, as well as synergize sales
                                  Perseroan untuk mengoptimalkan penjualan.                              and marketing functions within the Company to optimize sales.

                                  Sementara dari sisi penurunan kewajiban keuangan atau upaya            Meanwhile, in terms of reducing financial obligations or
                                  restrukturisasi, Perseroan terus intensif berkomunikasi dengan         restructuring efforts, the Company continued to communicate
                                  pihak bank untuk memperoleh kemudahan-kemudahan dan                    intensively with the banks to obtain conveniences and relaxations
                                  relaksasi dalam hal pembayaran utang dan restrukturisasi utang-        with regard to the current debt payments and loan restructuring.
                                  utang yang ada saat ini. Perseroan berharap ada kebijakan-             The Company hopes there would be new policies from the
                                  kebijakan baru dari pemerintah untuk relaksasi dari sisi               government for such relaxations in terms of taxes and others
                                  perpajakan dan sebagainya, yang dapat mendukung keuangan               that can support the Company’s financial situation. The Company
                                  Perseroan. Perseroan juga tetap melakukan efisiensi di berbagai        also remains with efficiency efforts in various areas, including
                                  bidang, termasuk untuk biaya personal, allowance dan lain-lain.        for personal expenses, allowances and others. The Company
                                  Perseroan masih akan melakukan efisiensi yang cukup besar              will continue to conduct significant efficiency steps by reducing
                                  dengan mengurangi biaya operasional.                                   operational costs.

                                  Kedepannya, Perseroan akan terus berinovasi dalam                      Going forward, the Company will continue to innovate with the
                                  meluncurkan proyek baru yang saat ini telah melalui tahapan            launching of new projects that currently passed a thorough
                                  riset dan perencanaan yang matang dengan mempertimbangkan              research and development stage by taking into account the
Bakrieland Laporan Tahunan 2024




                                  kebutuhan pasar, target yang berkembang semakin spesifik dan           needs of the market, the increasingly specific and segmented
                                  segmented sehingga kami melihat perlunya alat mitigasi risiko          targets that we feel the need for sharper and more effective
                                  yang lebih tajam, efektif, dan efisien. Atas dasar inilah, Perseroan   and efficient risk mitigation tools. On this basis, the Company
                                  bersama dengan kalangan pelaku industri berkolaborasi dalam            jointly with industry players, collaborates to develop several
                                  mengembangkan beberapa produk yang disesuaikan dengan                  products that are tailored to risk appetite, characteristics, and
                                  risk appetite, karakteristik dan target pasar.                         target markets.




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ANALISIS KINERJA PERSEROAN                                             ANALYSIS OF COMPANY PERFORMANCE

Perbandingan Target dan Realisasi Kinerja                              Comparative of Performance Target and
Tahun 2024                                                             Realization in 2024
Selama tahun 2024, berbagai upaya telah dilakukan Perseroan            Throughout the year 2024, various efforts were carried out by
untuk mencapai sasaran kinerja yang dirumuskan sesuai dengan           the Company in order to reach performance targets formulated
rencana strategis. Dalam pelaksanaannya, terdapat dinamika baik        in line with strategic plans. In their implementation, there were
internal maupun eksternal yang turut mempengaruhi capaian              internal and external dynamics that also influenced the achieved
hasil. Kendati demikian, secara umum, Perseroan berhasil               results. Nevertheless, in general, the Company succeeded in
merealisasikan rencana bisnis yang telah ditetapkan.                   actualizing its set business plan.

Pada tahun 2024, strategi pengembangan kawasan Kahuripan               In the year 2024, the strategy in developing the Kahuripan
Nirwana di Sidoarjo difokuskan pada dua inisiatif utama:               Nirwana area in Sidoarjo was focused on two major initiatives:
peluncuran Cluster Veranda dan pengambilalihan Aston Sidoarjo          the launching of the Ceranda Cluster and the takeover of Aston
City Hotel & Conference Center. Kedua inisiatif ini merupakan          Sidoarjo City Hotel & Conference Center. Both of these initiatives
bagian dari upaya untuk memperkuat posisi kawasan sebagai              were part of the effort to strengthen the property’s position as a
pusat hunian modern dan destinasi komersial unggulan di                modern residential center and a leading commercial destination
Sidoarjo.                                                              in Sidoarjo.

Kinerja produk dan proyek properti menunjukkan dinamika yang           The performance of the property products and projects shows
bervariasi, terutama pada sektor perhotelan yang terdampak             such various dynamics, especially in the hotel sector, which was
oleh situasi tahun politik dan kebijakan penghematan anggaran          affected by the situation of the political year and the government’s
pemerintah. Beberapa hotel mengalami penurunan tingkat                 budget efficiency policies. A number of hotels experienced a
hunian, seperti Aston Bogor Hotel & Resor, Swiss-Belresidences         decline in occupancy rates, such as the Aston Bogor Hotel &
Rasuna Epicentrum, dan Grand Elty Krakatoa Hotel. Meskipun             Resort, the Swiss-Belresidences Rasuna Epicentrum, and the
demikian, beberapa properti mencatatkan kinerja stabil bahkan          Grand Elty Krakatoa Hotel. Nevertheless, several properties
meningkat, seperti The Grove Suites dan The Alana Hotel yang           recorded stable and even higher performances, such as The
masing-masing naik 1%, serta Aston Sidoarjo yang mampu                 Grove Suites and The Alana Hotel, with each 1% improvement,
mempertahankan tingkat hunian 71%. Penurunan okupansi ini              as well as the Aston Sidoarjo, that managed to maintain its 71%
berhasil dikompensasi dengan kenaikan Average Room Rate                occupancy rate. This decline in occupancy rate was successfully
sebesar 7–8% secara tahunan.                                           compensated with the increase in Average Room Rates by 7-8%
                                                                       annually.

Sementara itu, sektor retail dan perkantoran menunjukkan kinerja       Meanwhile, the retail and office sector’s performance was
yang relatif stabil. Plaza Festival mengalami peningkatan tingkat      relatively stable; Plaza Festival recorded an increase in occupancy
keterisian sebesar 2%, dari 79% menjadi 81%, sedangkan Wisma           of 2%, namely from 79% to 81%, while Wisma Bakrie 1 and
Bakrie 1 dan gedung Bappenas tetap stabil di angka 65% dan             Bappenas Tower remained at 65% and 98%, respectively. This
98%. Stabilitas ini mencerminkan daya tarik lokasi serta efektivitas   stability reflects the attractiveness of the locations as well as the
pengelolaan properti dalam menjaga minat penyewa di tengah             effectiveness of the properties’ management in maintaining the
kondisi pasar yang menantang.                                          interest of the tenants amidst challenging market conditions.

Jumlah pengunjung taman rekreasi yang dikelola, yaitu The              The number of visitors of the managed recreational parks,
Jungle Waterpark Bogor dan Rivera Outbound & Edutainment               namely The Jungle Waterpark Bogor and the Rivera Outbound
                                                                                                                                               Bakrieland Annual Report 2024




Bogor, menunjukkan pertumbuhan yang signifikan pada tahun              & Edutainment Bogor, indicated a significant growth during the
2024. Tercatat sebanyak 795 ribu pengunjung, meningkat                 year 2024. 795 thousand visitors were recorded, an increment
14% dibanding tahun sebelumnya yang berada di angka 699                of 14% compared to the 699 thousand visitors in the previous
ribu. Kenaikan ini mencerminkan efektivitas strategi promosi           year. This increase reflected the effectiveness of the promotion
dan peningkatan fasilitas yang mampu menarik lebih banyak              strategies and improvement of the facilities that succeeded in
pengunjung, sekaligus memperkuat peran sektor rekreasi sebagai         attracting more visitors, and at the same time strengthened the
salah satu penopang pendapatan non-properti.                           role of the recreation sector as one of the supporting non-property
                                                                       income sources.




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                                  Pada sektor properti, proyek Kahuripan Nirwana Sidoarjo               In the property sector, the Kahuripan Nirwana Sidoarjo project
                                  mencatat capaian penjualan yang bervariasi. Cluster Kahuripan         recorded varied sales achievements. The Kahuripan Terrace
                                  Terrace dan Shophouse Kahuripan Avenue berhasil mencapai              Cluster and the Kahuripan Avenue Shophouse managed to
                                  penjualan 100% hingga akhir Desember 2024, menunjukkan                achieve 100% sales up to the end of December 2024, which
                                  tingginya minat pasar terhadap produk hunian dan komersial yang       indicated a high market interest in the offered residential and
                                  ditawarkan. Cluster Veranda yang baru diluncurkan menunjukkan         commercial products. The newly launched Veranda Cluster
                                  progres awal dengan tingkat penjualan 16%, menjadi indikator          showed an initial progress with its sales level of 16%, and was
                                  awal potensi pertumbuhan di tahun-tahun berikutnya.                   an initial indicator of its potential growth in the following years.

                                  Sementara itu, dua tower Apartemen Tamansari Prospero                 Meanwhile, two towers of the Tamansari Prospero Apartment
                                  (KSO) menunjukkan capaian penjualan yang positif namun                (KSO) showed a positive though not completely maximized sales
                                  belum sepenuhnya maksimal. Tower 1 berhasil mencatat 86%              achievement. Tower 1 managed to record 86% sales, while Tower
                                  penjualan, sedangkan Tower 2 masih berada di angka 57%. Hal           2 remained at 57%. This reflects the need for a follow-up strategy
                                  ini mencerminkan perlunya strategi lanjutan dalam mendorong           that encourages the marketing of apartment units, especially for
                                  pemasaran unit apartemen, terutama pada tower kedua, agar             the second tower, in order to catch up with the sales performance
                                  dapat menyusul performa penjualan tower pertama.                      of the first tower.

                                  Direksi memastikan seluruh kebijakan strategis yang telah disusun     The Board of Directors ensures that all strategic policies
                                  dan dijalankan secara konsisten sepanjang tahun ini berhasil          formulated and implemented consistently throughout the year
                                  mewujudkan pencapaian kinerja yang berkelanjutan dengan               have managed to manifest sustainable performance by paying
                                  tetap memperhatikan isu kepatuhan dan keberlanjutan. Kendati          attention to compliance and sustainability issues. Although all
                                  semuanya berjalan baik, kami tetap menyadari bahwa ruang-             efforts went appropriately well, we remain aware that spaces for
                                  ruang perbaikan tentu masih tetap ada dan kami berkomitmen            improvement are still there and we are committed to improving
                                  untuk meningkatkannya agar Perseroan dapat mencapai                   them so that the Company can accomplish even greater success
                                  kesuksesan yang lebih besar di masa depan.                            ahead.



                                  TANTANGAN DAN UPAYA MITIGASI                                          CHALLENGES AND MITIGATION EFFORTS

                                  Pemerintah melalui Badan Perencanaan Pembangunan Nasional             Through the National Development Planning Board, the
                                  (Bappenas) telah menetapkan lima kelompok industri prioritas          government established five priority industry groups in order
                                  guna mewujudkan Visi Indonesia Emas 2045 yakni negara                 to manifest the Vision of 2045 Indonesia Gold, namely a
                                  Nusantara berdaulat, maju, dan berkelanjutan. Lima kelompok           sovereign, advanced, and sustainable Indonesian state. These
                                  industri prioritas ini ditetapkan dalam Rancangan Awal Rencana        five priority industry groups are contained in the Initial Draft of
                                  Pembangunan Jangka Panjang Nasional (RPJPN) 2025-2045,                the National Long-Term Development Plan 2025-2045 in order
                                  guna menjawab tantangan industri dan ekonomi, terutama                to answer the challenges of the industry and economy, especially
                                  mewujudkan Indonesia menjadi high-income country dalam                manifesting Indonesia as a high-income country within a period
                                  kurun waktu 15-17 tahun ke depan. Namun demikian, dari lima           of 15-17 years ahead. Nevertheless, property and construction
                                  kelompok industri prioritas tersebut, properti dan konstruksi tidak   are included in the five priority industry groups. In fact, according
                                  termasuk di dalamnya. Padahal, menurut Kamar Dagang dan               to the Indonesian Chamber of Commerce and Industry citing
                                  Industri Indonesia (Kadin) yang mengutip hasil sigi Universitas       the results of a study by Universitas Indonesia (UI), the property
                                  Indonesia (UI), properti dan konstruksi masih merupakan lokomotif     and construction sectors remain as locomotives, or the leading
Bakrieland Laporan Tahunan 2024




                                  atau leading sector bagi 185 industri ikutan lainnya. Menanggapi      sectors, for some 185 other subsidiary industries. In response
                                  hal ini, Perseroan menyatakan komitmen jika sektor properti           to this, the Company states its commitment that if the property
                                  akan jalan terus, kendati tidak dikategorikan sebagai industri        sector continues to endure although it will not be categorized
                                  prioritas oleh Pemerintah.                                            as a priority industry by the Government.




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Bahkan, ada atau tidak ada insentif sebagai konsekuensi dari              In fact, with or without incentives as the consequence from such a
penetapan kelompok industri prioritas tersebut, Perseroan                 declaration on the priority industry groups, the Company believes
meyakini jika properti diyakini terus melaju. Tetapi, Perseroan           that property will be sustained. However, the Company believes
menilai hal itu akan lebih bagus lagi jika properti diberikan insentif.   that it will be even more promising if incentives are granted to
Perseroan menilai pengembang properti dan real estate sejatinya           the property sector. The Company assesses that property and
tidak memiliki ketergantungan pada satu kebijakan, institusi,             real estate developers are, in fact, not dependent on one policy,
atau pun lainnya dalam menjalankan bisnis. Karena, Perseroan              institution, or others in running their business. This is why the
akan terus berproduksi, namun dengan penuh perhitungan dan                Company will continue to produce, yet with strict calculation and
kehati-hatian. Oleh karena itu, mau dijadikan sebagai industri            caution. For this reason, whether to be regarded as a priority
prioritas atau tidak, Perseroan tetap optimistis bila sektor properti     industry or not, the Company remains optimistic if the property
terus beroperasi dan terus meningkatkan pendapatan.                       sector continues to operate and continues to increase revenue.

Selain itu, Indonesia saat ini menghadapi krisis kebutuhan                Moreover, Indonesia is currently facing a homeownership crisis,
kepemilikan rumah, yang dikenal sebagai backlog. Backlog                  known as a backlog. Backlog is an indicator of Strategic Plan and
merupakan indikator dalam Rencana Strategis (Renstra) dan                 National Medium Term Development Plan which measure the
Rencana Pembangunan Jangka Menengah Nasional (RPJMN)                      gap between housing supply and demand. Based on the latest
yang mengukur kesenjangan antara kebutuhan dan pasokan                    National Socioeconomic Survey data released by the Central
rumah. Berdasarkan data Survei Sosial Ekonomi Nasional                    Bureau of Statistics, Indonesia experiences a high level of home
(Susenas) terbaru yang dirilis oleh Badan Pusat Statistik (BPS),          ownership backlog by about 13 million units with a fluctuating
Indonesia mengalami backlog kepemilikan rumah yang sangat                 trend since the year 2010. With a very large backlog in home
tinggi sebesar 13 juta unit dengan tren yang fluktuatif sejak tahun       ownership in Indonesia, the Company has the opportunity to
2010. Dengan kondisi backlog kepemilikan rumah yang masih                 boost its role in the property industry, especially in helping the
sangat besar di Indonesia, Perseroan berkesempatan untuk                  Government to actualize decent home ownership for the wider
mendongkrak peranannya di industri properti terutama dalam                community. The next challenge faced by the Company related
membantu Pemerintah mewujudkan kepemilikan rumah layak bagi               to property project development is the uncertainty that affects
masyarakat luas. Tantangan berikutnya yang dihadapi Perseroan             decisions on spending or consumer investment preferences
terkait pengembangan proyek properti adalah, ketidakpastian               for most prioritized matters. Price increases as an impact from
yang mempengaruhi keputusan belanja atau preferensi investasi             inflation are inevitable, and construction costs jumped in line
konsumen untuk hal-hal yang paling prioritas. Kenaikan harga              with the escalation in building material costs and logistics
sebagai dampak dari inflasi tidak dapat dihindarkan sehingga              transportation expenses. In response to this condition, the
biaya konstruksi melonjak sejalan dengan peningkatan harga                Company strives to adjust with reasonable price increments
material bangunan dan biaya transportasi logistik. Menyikapi              that are acceptable to consumers. The Company remains
kondisi ini, Perseroan berusaha menyesuaikan kenaikan harga               with providing housing products and supporting facilities of
yang wajar dan dapat diterima oleh konsumen. Perseroan                    comparative quality proportional to the price paid by consumers.
tetap menyediakan produk hunian dan fasilitas pendukungnya                With all the dynamics confronted, the Company remains optimistic
dengan kualitas yang sebanding dengan harga yang dibayarkan               that all of these challenges are only temporary and that with the
konsumen. Dengan segala dinamika yang dihadapi, Perseroan                 implementation of the right strategies and the spirit to continue
optimis bahwa seluruh tantangan ini hanya bersifat sementara              to innovate, it is hopeful that business resilience is achievable
sehingga dengan diterapkannya berbagai strategi yang tepat dan            and will support the Company’s performance in the next period.
semangat untuk terus berinovasi, diharapkan dapat mewujudkan
ketangguhan bisnis dan menunjang kinerja Perseroan di periode
mendatang.
                                                                                                                                               Bakrieland Annual Report 2024




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                                  Laporan Manajemen | Management Report




                                  PROSPEK USAHA                                                        BUSINESS PROSPECTS
                                  Selain kebijakan strategis dan pencapaian kinerja periode 2024,      Aside from strategic policies and performance achievements for
                                  perlu disampaikan pula sikap optimis kami bahwa prospek usaha        the period of the year 2024, it is also necessary for us to convey
                                  Perseroan pada masa mendatang akan tetap baik, meskipun              our optimistic view that the Company’s future business prospects
                                  diperkirakan tetap akan menghadapi tantangan yang tidak              will remain promising, although it will most likely remain with not
                                  mudah.                                                               easy challenges to face.

                                  Di tengah tantangan ekonomi global, ekonomi dalam negeri             In the midst of global economic challenges, the domestic
                                  diproyeksikan tetap stabil. Pemerintah Indonesia menargetkan         economy is projected to remain stable. The Government of
                                  pertumbuhan ekonomi di kisaran 5,2% hingga 5,5%, didorong oleh       Indonesia targets an economic growth ranging between 5.2% up
                                  konsumsi rumah tangga yang kuat, peningkatan investasi, serta        to 5.5%, boosted by strong household consumption, an increase
                                  percepatan proyek infrastruktur. Stabilitas inflasi diperkirakan     in investment, as well as an acceleration in infrastructure projects.
                                  tetap terjaga pada level 2,5%–3,5% serta nilai tukar yang relatif    Inflation stability is estimated to remain between 2.5%-3.5% as
                                  terkendali juga menjadi faktor pendukung yang positif bagi sektor    well as exchange rates relatively controllable which serves as
                                  properti nasional.                                                   a positive supporting factor for the national property sector.

                                  Di tengah tantangan yang ada, Perseroan optimis terhadap prospek     Amidst the current challenges, the Company is optimistic towards
                                  pertumbuhan usaha ke depan dengan mengimplementasikan                its future business growth prospects by implementing various
                                  berbagai strategi serta kebijakan yang terarah dan berkelanjutan.    directed and sustainable strategies as well as policies. The main
                                  Fokus utama diarahkan pada peningkatan pendapatan secara             focus is directed at consistently increasing income through the
                                  konsisten melalui pengembangan proyek-proyek perumahan               housing project development for the middle-segment, specifically
                                  pada segmen menengah, khususnya di wilayah dengan potensi            in areas with high growth potentials such as Sidoarjo and Bogor.
                                  pertumbuhan tinggi seperti Sidoarjo dan Bogor. Berdasarkan           Based on market analysis, these regions show stable demand for
                                  analisis pasar, wilayah ini menunjukkan permintaan hunian yang       residential products as well as growing support for infrastructure.
                                  stabil serta dukungan infrastruktur yang terus berkembang.

                                  Selain itu, Perseroan juga menargetkan peningkatan porsi             In addition, the Company also targets an increase in the recurring
                                  pendapatan berulang (recurring income) melalui pembangunan           income portion through the development of new properties and
                                  properti baru maupun akuisisi aset strategis. Upaya ini diharapkan   acquisition of strategic assets. This effort is hoped to provide a
                                  dapat memberikan arus kas yang lebih stabil dan memperkuat           more stable cash flow and strengthen long-term income structure.
                                  struktur pendapatan jangka panjang.

                                  Dari sisi efisiensi, Perseroan berkomitmen untuk menjaga struktur    In terms of efficiency, the Company is committed to mantain an
                                  beban operasional secara optimal guna meningkatkan laba              optimal operational load structure in order to increase operating
                                  operasi. Langkah ini dilakukan melalui pengendalian biaya,           profits. This step is taken through cost control, productivity
                                  peningkatan produktivitas, serta optimalisasi proses bisnis.         increase, as well as optimization of the business process.

                                  Dalam rangka mendukung ekspansi jangka panjang, akuisisi             In the context of supporting long-term expansion, land acquisition
                                  lahan akan dilakukan secara bertahap dan terukur, dengan             will be conducted in stages and measured, by considering future
                                  mempertimbangkan potensi pengembangan dan nilai tambah               development and added values. Aside from that, the Company
                                  ke depan. Di samping itu, Perseroan secara aktif menjajaki dan       is actively seeking and encouraging strategic cooperation with
                                  mendorong kerja sama strategis dengan investor yang memiliki         investors that have similar visions, in order to accelerate the
Bakrieland Laporan Tahunan 2024




                                  visi sejalan, guna mempercepat realisasi proyek-proyek baru,         realization of new projects, especially big-scale projects that
                                  terutama proyek berskala besar yang membutuhkan sinergi              require synergies in both capital and expertise.
                                  modal dan keahlian.




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Optimalisasi aset juga menjadi salah satu prioritas utama             Optimization of assets is also one of the main priorities through
melalui inisiatif peremajaan dan re-development aset yang ada.        rejuvenation initiatives and re-development of existing assets.
Pendekatan ini diharapkan mampu memberikan return yang                THis approach is hoped to be able to provide higher returns as
lebih tinggi serta meningkatkan nilai properti secara keseluruhan.    well as increase the overall property values.

Sebagai fondasi dari seluruh strategi tersebut, Perseroan tengah      As the foundation of the above overall strategies, the Company
membentuk sistem organisasi dan budaya kerja baru yang lebih          is in the midst of forming a new organizational system and work
adaptif, kolaboratif, dan berorientasi pada hasil. Transformasi ini   culture that are more adaptive, collaborative and oriented on
akan menjadi pilar penting dalam mendukung pencapaian target          results. This transformation will become an important pillar in
pertumbuhan secara berkelanjutan dan menciptakan nilai jangka         supporting the achievement of sustainable growth targets and
panjang bagi seluruh pemangku kepentingan.                            create long-term values for all stakeholders.



PENERAPAN TATA KELOLA PERUSAHAAN                                      IMPLEMENTATION OF GOOD CORPORATE
YANG BAIK SEBAGAI LANDASAN DALAM                                      GOVERNANCE AS FOUNDATION IN
MENGELOLA BISNIS                                                      MANAGING BUSINESS

Penerapan praktik Good Corporate Governance secara konsisten          The implementation of Good Corporate Governance practices in
dan berkesinambungan merupakan komitmen penuh dari Direksi            a consistent and continuous manner is the Board of Directors’ full
dalam pengelolaan Perseroan dengan menjaga keseimbangan               commitment to managing the Company by maintaining a balance
antara kepentingan pemegang saham maupun kepentingan para             between the interests of the shareholders and the interests of
pemangku kepentingan lainnya. Tidak hanya sekedar memenuhi            other stakeholders. Not only in fulfilling compliance with laws
kepatuhan terhadap peraturan perundang-undangan, namun                and regulations, but all levels of the Company are seriously
seluruh lapisan Perseroan bersungguh-sungguh menerapkan               implementing GCG principles in the Company’s operational
prinsip-prinsip GCG dalam kegiatan operasional Perseroan.             activities.

Pada 2024, Perseroan meningkatkan kinerja Perseroan                   In 2024, the Company improved its performance by a more
dengan proses pengambilan keputusan yang lebih baik dan               appropriate and prudent decision-making process and by
berhati-hati (prudent) dengan selalu memperhatikan kepatuhan          constantly paying attention to compliance with applicable
terhadap peraturan perundang-undangan yang berlaku dan                laws and regulations and controlling emerging risks, as well as
mengendalikan risiko yang timbul, serta menghindari benturan          preventing conflicts of interest. By safeguarding that financial
kepentingan. Dengan memastikan bahwa pengelolaan keuangan             management is carried out in a prudent and controlled manner,
dilakukan secara prudent dan terkendali, penyusunan laporan           the preparation of the Company’s financial reports is carried
keuangan Perseroan dilakukan secara akurat dan dapat                  out accurately and accountably with internal control and risk
dipertanggungjawabkan dengan sistem pengendalian internal             management systems.
dan manajemen risiko.

Selain itu, Perseroan juga meningkatkan profesionalisme dan           Apart from that, the Company also enhances the professionalism
pengembangan sumber daya manusia dengan melakukan                     and development of the human resources with more objective,
penilaian kinerja yang lebih objektif, transparan dan wajar, serta    transparent, and fair performance assessment, as well as with
menyesuaikan struktur organisasi yang efisien dengan fungsi,          adjustments in the organizational structure that is efficient with
sistem dan pertanggungjawaban yang jelas.                             clear function, system, and accountability.
                                                                                                                                           Bakrieland Annual Report 2024




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                                  Langkah-langkah yang dilakukan tersebut guna meningkatkan             These steps are taken to reinforce the confidence of the
                                  kepercayaan investor dan pemegang saham dengan selalu                 investors and shareholders by constantly updating material and
                                  melakukan pengkinian data/informasi material dan relevan secara       relevant data/information in a transparent, accurate, quality, and
                                  transparan, akurat, berkualitas dan dapat dipertanggungjawabkan.      accountable manner. The Company also pays attention to the
                                  Perseroan juga memperhatikan kepentingan para pemangku                interests of stakeholders by clarifying the rights and obligations
                                  kepentingan, dengan memperjelas hak dan kewajiban masing-             of each party, as well as maintaining healthy and responsible
                                  masing pihak, serta melaksanakan hubungan usaha yang sehat            business relationships. One of the forms of such relationships is
                                  dan bertanggung jawab. Salah satu bentuknya adalah dengan             by empowering the community and taking an active and useful
                                  melaksanakan pemberdayaan masyarakat dan ikut berperan aktif          role for the environment surrounding the Company’s operational
                                  dan berdayaguna bagi lingkungan sekitar fasilitas atau kantor         facilities or offices and continuing to share and actively support
                                  Perseroan serta terus berbagi dan aktif mendukung kegiatan            humanitarian activities.
                                  kemanusiaan.



                                  KOMITMEN TERHADAP KEBERLANJUTAN                                       COMMITMENT TO SUSTAINABILITY AND
                                  DAN   TANGGUNG   JAWAB    SOSIAL                                      CORPORATE SOCIAL RESPONSIBILITY
                                  PERUSAHAAN

                                  Agar kehadirannya mampu memberikan dampak positif dalam setiap        For its presence to bring about positive impact in every
                                  aspek operasinya, Perseroan secara bertahap mengintegrasikan          aspect of its operations, the Company gradually integrates
                                  prinsip lingkungan, sosial, dan tata kelola (Environmental, Social,   the Environmental, Social, and Governance (“ESG”) principles
                                  and Governance/”ESG”) yang diakui di tingkat dunia sebagai salah      internationally recognized as one of the efforts to encourage
                                  satu upaya untuk mendorong investasi yang ramah lingkungan dan        environmentally friendly and sustainable investment in the
                                  berkelanjutan di sektor properti. Dengan mengadopsi kerangka          property sector. By adopting the ESG framework, the Company
                                  ESG, Perseroan dapat terus berkarya dan meningkatkan kinerja          continues to work and improve economic performance, yet at the
                                  ekonomi, namun di saat yang bersamaan juga menjalankan                same time, also carries out the role as an agent of change that
                                  peran sebagai agen perubahan yang membagikan dampak                   generates a positive impact on the surrounding environment and
                                  positif kepada lingkungan dan masyarakat sekitar lewat program        community through the Social and Environmental Responsibility
                                  Tanggung Jawab Sosial dan Lingkungan (TJSL) yang selaras dengan       program in alignment with Sustainability Development Goals
                                  Tujuan Pembangunan Berkelanjutan (Sustainability Development          (SDGs). The Company’s full commitment to environmental
                                  Goals/”SDGs”). Komitmen penuh Perseroan terhadap pelestarian          conservation is reflected in Bakrieland’s Sustainability Pillar
                                  lingkungan hidup tercermin dari Pilar Keberlanjutan Bakrieland di     of “Green Through & Through,” which is used as guidelines
                                  bidang lingkungan hidup, yaitu “Hijau Secara Menyeluruh (Green        in working on property development projects in a responsible
                                  Through & Through)”, yang dijadikan sebagai pedoman dalam             manner. The Company continually takes on environmentally
                                  menggarap proyek-proyek pengembangan properti dengan cara-            friendly concepts in each property product launched, where
                                  cara yang bertanggung jawab. Perseroan senantiasa mengusung           this becomes a reference for the Company in establishing the
                                  konsep ramah lingkungan pada setiap produk properti yang              master design of an area or product.
                                  diluncurkan dimana hal ini dijadikan sebagai acuan bagi Perseroan
                                  dalam mengembangkan master design sebuah area atau produk.

                                  Tidak hanya itu, Perseroan juga mengkampanyekan keberlanjutan         Not only that, the Company also campaigns on sustainability in
                                  di bidang lingkungan hidup kepada para pengunjung, penghuni,          the environmental field to all visitors, residents, tenants, and the
Bakrieland Laporan Tahunan 2024




                                  penyewa, dan masyarakat di sekitar area properti milik                communities surrounding the Company-owned property areas
                                  Perseroan untuk berpartisipasi secara aktif dalam berbagai            to actively participate in various environmental initiatives that
                                  inisiatif lingkungan hidup yang kami galakkan. Perseroan juga         we promote. The Company is also fully adamant to succeed




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menunjukkan tekad penuh untuk menyukseskan pencapaian                in achieving the SDGs by focusing on the improvement of the
SDGs dengan berfokus pada peningkatan kesejahteraan hidup            community’s welfare through the sustainability pillar of “It’s About
masyarakat melalui pilar keberlanjutan Bakrieland lainnya, yaitu     the People.” Through this pillar, the Company and all Business
“It’s About the People”. Pada pilar ini, Perseroan dan seluruh       Units continuously contribute to the communities surrounding the
Unit Usaha memberikan kontribusi yang berkelanjutan terhadap         operational areas by executing various community development
masyarakat sekitar di wilayah operasional dengan menjalankan         programs, as well as by involving local suppliers to strengthen
berbagai program community development, serta melibatkan             the local economy.
pemasok lokal untuk memperkuat perekonomian daerah.

Sepanjang tahun 2024, sebanyak 25.845 orang telah menikmati          Throughout the year 2024, 25.845 individuals have benefited
manfaat dari kegiatan TJSL dengan realisasi dana TJSL mencapai       from TJSL activities with Rp1,7 billion realized. In addition, the
Rp1,7 miliar. Selain itu, Perseroan juga telah melakukan pengadaan   Company also procured goods and services worth Rp62,1
barang dan jasa dengan nilai sebesar Rp62,1 miliar dari pemasok      billion from local suppliers in Jakarta, Bogor, Lampung, Sidoarjo
lokal di Jakarta, Bogor, Lampung, Sidoarjo dan Yogyakarta.           and Yogyakarta. As a form of commitment to environmental
Sebagai wujud komitmen terhadap pelestarian lingkungan               preservation, the Company included the criteria of being
hidup, Perseroan memasukkan kriteria ramah lingkungan sebagai        environmentally friendly as one of the aspects that must be
salah satu aspek yang harus dipenuhi oleh para mitra bisnis.         fulfilled by business partners. Until the end of 2024, 88% of
Hingga akhir 2024, sebanyak 88% pemasok Perseroan sudah              the Company’s suppliers were verified as having complied with
terverifikasi dalam aspek ramah lingkungan. Dengan memberikan        environmentally friendly aspects. By providing the widest possible
kesempatan yang seluas-luasnya kepada pengusaha lokal untuk          opportunity for local entrepreneurs to become partners with the
dapat bermitra dengan Perseroan, kami percaya keberadaan             Company, we believe that the presence of project assets in the
aset-aset proyek di tengah masyarakat turut memberikan               community will also provide positive benefits for improving the
manfaat positif bagi peningkatan ekonomi dan kesejahteraan           economy and welfare of local residents. Aside from that, we also
warga sekitar. Disamping itu, kami juga senantiasa menempatkan       continuously place customers as one of the main stakeholders
pelanggan sebagai salah satu pemangku kepentingan utama              that play a key role in supporting the success of each of the
yang memegang peran kunci dalam mendukung kesuksesan                 Company’s business milestones. For this reason, the Company
setiap jejak langkah bisnis Perseroan. Oleh karena itu, Perseroan    endorses that each customer receive the appropriate benefits
memastikan setiap pelanggan memperoleh manfaat yang sesuai           in accordance with the property products they choose.
dengan produk properti yang mereka pilih.

Kami juga memastikan setiap pelanggan selalu diperlakukan            We also ensure that each customer receives fair treatment and
secara adil dan merasa dihargai, serta dapat memperoleh layanan      feels respected, as well as receives the same services as other
yang sama dengan pelanggan lainnya. Pada penerapannya,               customers. In practice, we realize that the implementation of the
kami menyadari bahwa penerapan praktik operasional berbasis          ESG-based operational practices within the Company remain
ESG di lingkup Perseroan masih dihadapkan dengan berbagai            confronted with various challenges and that there are space for
tantangan dan ruang perbaikan yang berkelanjutan tetap harus         continuous improvements. For this purpose, various adjustments
ditindaklanjuti. Untuk itu, berbagai penyesuaian masih harus terus   must still be implemented, starting from updating operational
dilakukan, mulai dari update terhadap pedoman dan manual             guidelines and manuals applicable in the Company, up to, most
operation yang berlaku di Perseroan, hingga yang terpenting          importantly, building a sustainability culture in the center of the
membangun budaya keberlanjutan di tengah organisasi agar             organization so that each employee has the mindset that is
setiap karyawan memiliki pola pikir yang selaras dengan pilar-       aligned with Bakrieland’s sustainable pillars.
pilar keberlanjutan Bakrieland.
                                                                                                                                            Bakrieland Annual Report 2024




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                                  Laporan Manajemen | Management Report




                                  PERUBAHAN KOMPOSISI DIREKSI                                          CHANGE IN THE COMPOSITION OF THE
                                                                                                       BOARD OF DIRECTORS

                                  Sepanjang tahun 2024, terdapat perubahan dalam komposisi             Throughout the year 2024, there was a change in the composition
                                  Direksi Perseroan sejak 13 Juni 2024, dengan rincian sebagai         of the Board of Directors of the Company as of 13 June 2024,
                                  berikut:                                                             as described below:


                                                          Direksi yang Lama                                                   Direksi yang Baru
                                                      Existing Board of Directors                                           New Board of Directors
                                                        Ambono Janurianto                                                     Resza Adikreshna
                                                (Presiden Direktur President Director)                               (Presiden Direktur President Director)
                                                               Fandrizal                                                         Melky Aliandri
                                                          (Direktur Director)                                                  (Direktur Director)
                                                              Djafarullah                                                            Sisilia
                                                          (Direktur Director)                                                  (Direktur Director)


                                  Kami berharap komposisi ini mampu menjalankan tugas dan              We hope the new composition of the Board of Directors is able to
                                  tanggungjawabnya secara optimal.                                     perform at its best in carrying out its duties and responsibilities.



                                  APRESIASI                                                            APPRECIATION

                                  Mengakhiri laporan ini, perkenankanlah kami menyampaikan             Closing this report, allow us to extend our utmost gratitude and
                                  ucapan terima kasih dan apresiasi yang sebesar-besarnya atas         appreciation for the continuous support and trust provided by the
                                  dukungan dan kepercayaan yang tiada henti diberikan oleh para        shareholders and other stakeholders, as well as to the Board of
                                  pemegang saham dan pemangku kepentingan lainnya, serta               Commissioners for its continuous willingness to accompany the
                                  kepada Dewan Komisaris atas kesediaannya mendampingi                 Board of Directors so that we could manage the Company as
                                  Direksi sehingga kami dapat mengelola Perseroan dengan               satisfactorily as possible amidst the various challenges we faced.
                                  sebaik-baiknya di tengah berbagai tantangan yang dihadapi.

                                  Ucapan terima kasih yang sama juga kami sampaikan kepada             We also extend our gratitude to all consumers and business
                                  seluruh konsumen dan mitra usaha atas kepercayaan yang               partners for the trust given and the good relationships maintained
                                  diberikan dan hubungan yang sudah terjalin dengan baik hingga        to the present. We would also like to express our gratitude and
                                  saat ini. Tidak lupa kami sampaikan terima kasih dan penghargaan     appreciation to all employees for their dedication and hard work
                                  kepada seluruh karyawan atas dedikasi dan kerja kerasnya             that the Company was able to succeed in recording a sustainable
                                  sehingga Perseroan berhasil berhasil mencatatkan kinerja yang        performance this year’s targets. We hope that all achievements
                                  berkelanjutan di tahun ini. Semoga semua pencapaian yang             in 2024 serve as encouragement for further business growth
                                  berhasil dituai di tahun 2024 dapat mendorong pertumbuhan            in the coming year.
                                  bisnis yang lebih maju pada tahun mendatang.



                                                                                           Atas nama Direksi,
Bakrieland Laporan Tahunan 2024




                                                                                    On behalf of the Board of Directors,




                                                                                         Resza Adikreshna
                                                                                            Presiden Direktur
                                                                                            President Director


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Direksi
The Board of Directors




          Sisilia        Resza Adikreshna      Melky Aliandri
                                                                                        2024
                                                                                  Report2024




          Direktur        Presiden Direktur        Direktur
          Director        President Director       Director
                                                                           AnnualReport
                                                                Bakrieland Annual




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                                  Unit Pendukung Bisnis | Business Support Unit
Bakrieland Laporan Tahunan 2024




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04
Unit
Pendukung
Bisnis
Business Support Unit




                        Bakrieland Annual Report 2024




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                                  Unit Pendukung Bisnis | Business Support Unit




                                  Sumber Daya Manusia
                                  Human Resources Development




                                      S.I.G. A .P
                                  Perseroan tetap berupaya untuk melakukan pengembangan           The Company continually strives to develop its business strategy
                                  strategi bisnis agar dapat terus tumbuh secara berkelanjutan    in order to continue to grow sustainably in facing its business
                                  dalam menghadapi tantangan bisnis kedepannya. Meningkatkan      challenges ahead. Enhancing the capabilities of excellence of
                                  kapabilitas Sumber Daya Manusia (SDM) yang unggul merupakan     the Human Resources (HR) is one of the Company’s responses
                                  salah satu respon Perseroan agar dapat bersaing dan adaptif     to maintain competitiveness and adaptability to the industry’s
                                  terhadap dinamika industri. Perseroan sangat menyadari bahwa    dynamics. The Company is very aware that good HR management
                                  pengelolaan SDM yang baik merupakan faktor yang sangat          is a highly fundamental factor.
                                  fundamental.

                                  Pengelolaan SDM yang efektif dan efisien diperlukan agar        Effective and efficient HR management is necessary so that it is in
                                  sejalan dengan visi dan misi Perseroan. Karena itu, Perseroan   line with the Company’s vision and mission. For this purpose, the
                                  secara serius menempatkan SDM sebagai aset strategis dalam      Company seriously places HR as a strategic asset in conducting its
                                  menjalankan kegiatan usaha. Perseroan menjalankan strategi      business activities. The Company carries out its HR management
                                  pengelolaan SDM dengan mengerahkan seluruh kemampuan            strategy by mobilizing all retained capabilities to respond to
                                  yang dimiliki untuk merespon tantangan dan menyesuaikan diri    challenges and adjusts itself to the demands of the dynamic
                                  terhadap tuntutan industri yang dinamis, termasuk di dalamnya   industry, including as the frontrunner within the Company.
                                  menjadi yang terdepan dalam Perseroan.
Bakrieland Laporan Tahunan 2024




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STRATEGI DAN KEBIJAKAN                                            HUMAN RESOURCES STRATEGY AND
PENGELOLAAN SDM                                                   POLICY

Pengelolaan SDM Perseroan mengacu kepada kebijakan-               The Company’s HR management refers to policies that are also
kebijakan yang disesuaikan juga dengan berbagai peraturan         adjusted to various laws and regulations as well as best practices.
perundang-undangan dan best practice. Berbagai kebijakan          Policies related to the Company’s HR management, adopted from
terkait pengelolaan SDM Perusahaan, baik dari regulator maupun    both regulators as well as the Company’s products, are as follows:
produk Perusahaan, yang diadopsi adalah sebagai berikut:
1. Undang-Undang Ketenagakerjaan No. 13 tahun 2003, beserta       1. Manpower Law No. 13 year 2003, along with its amendment
    aturan perubahan dan pelaksanaannya                              and implementation regulations;
2. UU Cipta Kerja No. 6 tahun 2023, beserta aturan                2. Job Creation Law No. 6 year 2023, along with its
    pelaksanaannya;                                                  implementation regulations;
3. Peraturan Perusahaan yang telah disahkan oleh Kementerian      3. Company Regulations as ratified by the Ministry of Manpower;
    Tenaga Kerja;
4. Surat Keputusan Direksi terkait kebijakan dalam pengelolaan    4. Board of Directors Decision Letter regarding policies on
    Sumber Daya manusia;                                             Human Resources management;
5. Code of Conduct (Pedoman Perilaku), yang diterbitkan melalui   5. Code of Conduct, issued through Decision Letter SK No.047/
    SK No.047/SK-Dir/IV/07.                                          SK-Dir/IV/07.

Perseroan selama tahun 2024 sudah melaksanakan operasi            Throughout the year 2024, the Company carried out full
penuh seperti sebelum terjadinya pandemi dengan ke depannya       operations as before the pandemic, whilst ahead, it continued
tetap mengedepankan prinsip kehati-hatian, efisiensi dan          to put forward the principles of prudence, efficiency, and
efektivitas.                                                      effectiveness.

Tidak hanya itu, Perseroan juga melakukan rekrutmen guna          In addition, the Company also conducted recruitment in order
memenuhi kebutuhan SDM sesuai perencanaan tenaga kerja            to fulfill HR requirements in line with the workforce planning set
yang telah disiapkan agar proses bisnis tidak terganggu.          forth with the purpose to not disrupt business processes. The
Perseroan kembali menjalankan program promosi karyawan            Company again carried out the employee promotion program,
yang sempat tertunda sebelumnya dengan melakukan proses           which was previously on hold, by processing assessments on
asesmen terhadap kandidat karyawan yang potensial. Kemudian       potential employee candidates. Subsequently, in connection with
terkait pengembangan kompetensi karyawan, Perseroan juga          employee competency development, the Company also focused
berfokus untuk meningkatkan kualitas dan kapabilitas SDM yang     on improving the quality and capability of its human resources
dimiliki agar senantiasa memenuhi standar kompetensi yang         so that they always meet the expected competency standards
diharapkan serta mendorong karyawan agar memiliki pemahaman       as well as support employees to have a firm understanding of
yang kuat terhadap aturan perundang-undangan yang baru.           the new laws and regulations.

Sebagai perusahaan yang menunjung tinggi penerapan GCG,           As a company that holds high GCG implementation, the Company
Perseroan turut memastikan pemberian paket remunerasi sesuai      also ensures that remuneration packages are provided as per
standar setelah sebelumnya sempat dilakukan pemotongan            standards, whereas previously were either cut or delayed,
ataupun penundaan pemberian, termasuk membayarkan                 including by paying all employee rights owed during the pandemic.
semua hak-hak karyawan yang terhutang di masa pandemi.            Through the Corporate Human Capital (CHC) Directorate, the
Melalui Direktorat Corporate Human Capital (CHC), Perseroan       Company is committed to continuing various retention efforts in
berkomitmen untuk terus melakukan berbagai upaya retensi          order to maintain prevailing best talents through the Employment
                                                                                                                                        Bakrieland Annual Report 2024




guna mempertahankan talenta terbaik yang dimiliki dengan          Value Proposition (EVP), such as by creating a conducive and
merumuskan Employment Value Proposition (EVP), seperti            gratifying working environment, endorsing periodic improvement
membentuk lingkungan kerja yang kondusif dan menyenangkan,        of employee welfare, and providing equal opportunity to all
mendorong peningkatan kesejahteraan karyawan secara berkala,      employees in acquiring competency enhancement. Having
dan memberikan kesempatan yang setara kepada semua                the best loyal talents is believed to help lead the Company to
karyawan untuk dapat meningkatkan kompetensinya. Keberadaan       a higher growth level in the long term, which in turn will also
talenta-talenta terbaik yang loyal diyakini akan menghantarkan    provide added value for the stakeholders.
Perseroan ke tingkat pertumbuhan yang lebih baik pada jangka
Panjang sehingga pada gilirannya juga akan memberikan nilai
tambah bagi para pemangku kepentingan.

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                                  Unit Pendukung Bisnis | Business Support Unit




                                  Lebih lanjut, pada bulan Juni 2024 terjadi pergantian menyeluruh    Moreover, in June 2024 an overall transformation took place in
                                  terhadap Dewan Direksi Perusahaan. Sejak itu, Corporate Human       the Company’s Board of Directors. Since then, the Corporate
                                  Capital (CHC) mengambil langkah strategis berupa peluncuran         Human Capital (CHC) took a strategic step in launching the
                                  tata nilai (Core Values) Perseroan yang baru bernama Bakrieland     Company’s new Core Values referred to as Bakrieland “SIGAP”
                                  “SIGAP” untuk memastikan transisi dan payung transformasi           (the Indonesian word “sigap” means alert) to ensure that the
                                  organisasi yang ingin dicapai dapat diraih.                         transition and the umbrella organizational transformation aimed
                                                                                                      to reach are achievable.

                                  “SIGAP” sendiri di maknai bahwa organisasi ke depan harus           “SIGAP” in this context is defined that, going forward, the
                                  bergerak tangkas; cepat dan kuat dengan penuh semangat dan          organization must move swiftly, quickly, and fiercely, fully
                                  meyakinkan.                                                         motivated and reassured.

                                  Pimpinan dan Karyawan Perseroan (“Bakrielanders”) diharapkan        The Management and Employees of the Company’s (referred
                                  selalu “SIGAP” dalam merespon tantangan yang hadir dan              to as “Bakrielanders”) are expected to constantly be “SIGAP”
                                  merebut setiap peluang bisnis serta mengatasi persaingan dunia      (alert) in responding to present business challenges as well as
                                  usaha dengan cepat dan kuat.                                        in swiftly and sturdily facing business competition.

                                  “SIGAP” merupakan akronim dari: Sinergi, Inovatif, Gesit            “SIGAP” is the acronym for the following: Sinergi (Synergy), Inovatif
                                  (Responsiveness), Amanah (Integrity), dan Peduli (Caring). Nilai-   (Innovative), Gesit (Responsive), Amanah (Integrity), and Peduli
                                  nilai Bakrieland “SIGAP” menjadi dasar penguatan budaya kerja       (Caring). Bakrieland’s SIGAP values become the fundamental
                                  di Perseroan untuk mendukung pencapaian kinerja individu dan        strengthening of the working culture in the Company in supporting
                                  tujuan Perusahaan.                                                  individual working achievement and Company goals.

                                  Dalam prakteknya, CHC menginisiasi berbagai program pada            In practice, CHC initiated various programs on various aspects
                                  berbagai aspek SDM dengan membuka komunikasi yang jelas             of HR by providing clear and open also digitalization in every
                                  dan terbuka serta digitalisasi di setiap lini Perseroan untuk       line of the Company communication to implement the basis of
                                  menerapkan fondasi budaya Perseroan berbasiskan tata nilai          the Company’s corporate culture based on SIGAP values so
                                  SIGAP agar dapat langsung dirasakan oleh karyawan, dan              that they can be directly felt by employees and bring a positive
                                  berdampak positif bagi kinerja Perseroan.                           impact on the Company’s performance.

                                  STRUKTUR PENGELOLAAN SDM                                            HR MANAGEMENT STRUCTURE

                                  Perseroan memiliki Direktorat CHC sebagai pihak yang bertugas       The Company retains the CHC Directorate as the assigned
                                  dan bertanggung jawab dalam bidang pengelolaan kompetensi           unit responsible for the Company’s overall HR competency
                                  SDM Perseroan secara keseluruhan. Secara struktural, divisi         management. Structurally, the division directly reports to the
                                  ini bertanggung jawab langsung kepada Director. Divisi ini          Director. The Division takes the role as the implementer of overall
                                  berperan sebagai pelaku keseluruhan pengelolaan perencanaan,        management, starting from policy planning, to human resource
                                  perencanaan kebijakan, hingga pengembangan sumber daya              development with the aim to achieve the Company’s goals and
                                  manusia untuk mencapai tujuan dan sasaran Perseroan.                targets.

                                  DEMOGRAFI KARYAWAN                                                  EMPLOYEE DEMOGRAPHY
Bakrieland Laporan Tahunan 2024




                                  SDM bagi Perseroan menjadi bagian dari mitra strategis sekaligus    To the Company, HR becomes part of the strategic partner
                                  modal yang sangat penting dalam pencapaian sasaran dan              and altogether an important asset in the achievement of the
                                  pertumbuhan bisnis Perseroan secara berkelanjutan dalam             Company’s sustainable business targets and growth in the long
                                  jangka panjang. Perseroan berupaya untuk mengelola dan              term. The Company strives to manage and develop its employees
                                  mengembangkan karyawan dengan baik dengan menciptakan               properly by creating a healthy and safe working environment,
                                  lingkungan kerja yang sehat dan aman, memberikan perlindungan       providing work protection to improving the productivity and
                                  kerja sehingga dapat meningkatkan produktivas dan kualitas          quality of the employees’ performance.
                                  kinerja karyawan.




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Per 31 Desember 2024, jumlah karyawan Perseroan tercatat                  As of 31 December 2024, the Company’s employees totaled
sebanyak 7.279 orang, mengalami kenaikan 216 orang                        7,279 personnel, an increase of 216 personnel compared to the
dibandingkan tahun sebelumnya sebanyak 7.063 orang.                       previous year’s total of 7,063 personnel.

Rincian lengkap mengenai demografi karyawan Perseroan selama              Complete details on the Company’s employee demographic in
3 (tiga) tahun terakhir dapat dilihat pada tabel-tabel berikut ini:       the last 3 (three) years are provided in tables below:

Komposisi Karyawan berdasarkan Level Jabatan
Employee Composition by Position
              Uraian                       2024                   2023                   2022                    Description
 BOC                                            6                        11                  4                                    BOC
 BOD                                            6                       17                  18                                    BOD
 Head                                           6                       10                  10                                   Head
 Senior Management                            80                        82                  26                     Senior Management
 Management                                  203                       185                 150                           Management
 Superintendent                              279                      496                  372                         Superintendent
 Staff                                     4.962                       715                2.211                                   Staff
 Support                                    1.737                5.547                   2.766                                 Support
 Total                                     7.279                 7.063                   5.557                                    Total


Komposisi Karyawan berdasarkan Tingkat Pendidikan
Employee Composition by Education
              Uraian                       2024                   2023                   2022                    Description
 Strata 3                                       -                         1                  3                        Doctoral Degree
 Strata 2                                     39                        34                  26                        Master’s Degree
 Strata 1                                    782                      770                  521                      Bachelor’s Degree
 Diploma                                     360                      365                  305                                 Diploma
 SMU                                       5.560                 5.254                   4.293                             Senior High
 SLTP                                        354                      423                  402                             Junior High
 SD                                           184                      216                   7                             Elementary
 Total                                     7.279                 7.063                   5.557                                    Total


Komposisi Karyawan berdasarkan Usia
Employee Composition by Age
              Uraian                       2024                   2023                   2022                    Description
 <25 tahun                                  1.315                 1.253                  2.664                           <25 years old
 26 – 30 tahun                              1.334                 1.435                    716                       26 – 30 years old
 31 – 35 tahun                              1.292                 1.249                    591                        31 – 35 years old
                                                                                                                                          Bakrieland Annual Report 2024




 36 – 40 tahun                              1.081                     1.143                527                       36 – 40 years old
 41 – 45 tahun                              1.057                 1.084                    488                        41 – 45 years old
 46 – 50 tahun                               679                      649                  304                       46 – 50 years old
 51 – 55 tahun                               394                       176                 190                        51 – 55 years old
 55 tahun ke atas                             127                       74                  77                  55 years old and above
 Total                                     7.279                 7.063                   5.557                                    Total




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                                  Komposisi Karyawan berdasarkan Jenis Kelamin
                                  Employee Composition by Gender
                                                  Uraian                   2024                 2023                  2022                      Description
                                   Laki-laki                              5.908                 5.761                  4.619                                     Male
                                   Perempuan                                1.371               1.302                   938                                    Female
                                   Total                                   7.279               7.063                  5.557                                      Total


                                  Komposisi Karyawan berdasarkan Status Kepegawaian
                                  Employee Composition by Employment Status
                                                  Uraian                   2024                 2023                  2022                      Description
                                   Kontrak                                6.959                 6.702                  5.147                           Non-Permanent
                                   Permanen                                 320                     361                  410                               Permanent
                                   Total                                   7.279               7.063                  5.557                                      Total


                                  Komposisi Karyawan berdasarkan Masa Kerja
                                  Employee Composition based on Term of Office
                                                  Uraian                   2024                 2023                  2022                      Description
                                   0 – 5 tahun                            6.200                5.466                   4.618                               0 – 5 years
                                   6 – 10 tahun                              718                    785                 586                               6 – 10 years
                                   11 – 20 tahun                             251                    550                 256                              11 – 20 years
                                   20 tahun ke atas                          110                    262                   97                      20 years and above
                                   Total                                   7.279               7.063                  5.557                                      Total



                                  TINGKAT PERPUTARAN KARYAWAN                                         EMPLOYEE TURNOVER RATE

                                  Pada tahun 2024, Perseroan telah merekrut 216 karyawan              In the year 2024, the Company recruited 216 new employees
                                  baru dan sebanyak 116 karyawan keluar atau berhenti dengan          and some 116 employees ended their term of service or resigned
                                  berbagai alasan. Dengan memperhitungkan dinamika karyawan           for various reasons. Assessing the dynamics in the employees’
                                  yang masuk dan keluar selama periode pelaporan 2024, tingkat        incoming and outgoing during the year 2024 reporting period,
                                  perputaran karyawan (turnover) Perseroan naik sebesar 3,06%         the Company’s employee turnover rate increased around
                                  yang disumbangkan dari Unit Usaha yang bergerak di bidang           3.06% which contributed by the Business Unit engaged in
                                  Property Management dengan dimenangkannya tender                    Property Management by winning the tender for managing new
                                  pengelolaan properti baru di pemerintahan ataupun swasta, serta     properties in the government or private sector, as well as the
                                  mulai dioperasikannya hotel baru di Sidoarjo oleh Perseroan.        start of operation of a new hotel in Sidoarjo by the Company.
                                  Peningkatan tersebut juga dipengaruhi oleh penerapan kebijakan      This improvement was also influenced by the implementation
                                  organisasi untuk mengevaluasi setiap organisasi dalam Perseroan     of organizational policies to evaluate each organization within
                                  agar efektif dan efesien dalam mencapai tujuan Perseroan.           the Company in order to be effective and efficient in achieving
                                                                                                      the Company’s goals.
Bakrieland Laporan Tahunan 2024




                                  Untuk menjaga agar tingkat perputaran karyawan tetap stabil         In order to maintain a stable employee turnover rate by the
                                  dari tahun ke tahun, Perseroan telah melakukan berbagai             year, the Company carried out various approaches in the effort
                                  upaya pendekatan dalam rangka menarik talenta-taleta terbaik        to attract the best talents available. The Company applied the
                                  yang dimiliki. Perseroan menerapkan strategi retensi untuk          retention strategy to improve the sense of security/comfort of the
                                  meningkatkan rasa nyaman kepada karyawan selama bekerja,            employees at work, as well as to restructure its HR organization
                                  serta menata kembali organisasi SDM-nya agar setiap karyawan        so that each employee can continuously extend their utmost
                                  senantiasa dapat memberikan kinerja yang optimal.                   performance.




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Tidak hanya itu, Perseroan juga memberikan kesempatan kepada        Moreover, the Company also provided employees of the younger
karyawan generasi muda untuk terlibat dalam penugasan baru          generation with the opportunity to take part in new assignments
ataupun mengemban posisi baru dan/atau yang lebih tinggi.           as well as to take on new and/or higher positions. The trust
Kepercayaan yang diberikan ini diharapkan dapat memotivasi          given by the Company is expected to help motivate them to
mereka untuk bekerja dengan lebih semangat dan berkontribusi        work more vigorously and contribute more to the advancement
lebih besar bagi kemajuan Perseroan.                                of the Company.

PENINGKATAN KOMPETENSI KARYAWAN                                     IMPROVEMENT OF EMPLOYEE
                                                                    COMPETENCY

Mencari dan mempertahankan talenta-talenta terbaik selalu           Seeking and retaining the best talents has always been a major
menjadi prioritas utama Perseroan. Di tengah kompetisi              priority for the Company. Amidst the increasingly tight competition
pencarian talenta yang semakin ketat, Perseroan terus berupaya      in talent search, the Company continuously strives to acquire
mendapatkan talenta dengan kualitas terbaik melalui berbagai        the best quality talent through various advantages the Company
keunggulan yang Perseroan tawarkan sebagai perusahaan.              offers as a company.

Perseroan juga berkomitmen untuk terus mengembangkan                The Company is also committed to continually developing its HR,
sumber daya manusia (SDM), terutama melalui inisiatif pelatihan     especially through training and educational initiatives that focus
dan pendidikan yang banyak berfokus kepada digitalisasi dan         on digitalization and competency improvement to compete in
peningkatan kompetensi untuk bersaing di masa depan (future-fit).   the future (future-fit). In addition, the Company also persists in
Selain itu, Perseroan juga terus memperhatikan kesejahteraan        paying attention to employee welfare and health, both physically
dan kesehatan karyawan, baik secara fisik maupun mental.            and mentally.

Perseroan secara berkelanjutan mendesain program                    The Company sustainably designs employee competency
pengembangan kompetensi karyawan dengan topik dan materi            development with different learning topics and materials set
pembelajaran yang berbeda-beda disesuaikan dengan kebutuhan         in accordance with each individual’s requirements. Training
masing-masing individu. Pelatihan-pelatihan yang diberikan          programs provided to employees sufficiently vary, from mandatory
kepada karyawan cukup beragam mulai dari yang bersifat              levels to certified professional expertise training in general as
mandatori, pelatihan profesi tenaga ahli bersertifikasi maupun      well as required by the Company.
yang bersifat umum sesuai dengan kebutuhan Perseroan.

Dengan adanya program pengembangan dan pelatihan karyawan           With effective employee development and training programs, the
yang efektif, manajemen sekaligus ingin memastikan bahwa            management also seeks to ensure that the Company is supported
Perseroan sudah didukung dengan ketersediaan SDM yang               by the availability of professional human resources, expert in their
profesional, ahli di bidangnya, serta memiliki kompetensi dan       fields as well as with high competency and integrity. Thus, the
memiliki integritas tinggi. Dengan begitu, posisi dan daya saing    position and competitiveness of the Company are expected to
Perseroan diharapkan dapat semakin kuat dikancah industri yang      be even stronger in the industry in which the Company operates.
digeluti Perseroan.

Strategi pengelolaan SDM di Perseroan dilakukan secara terpusat     The HR management strategy in the Company’s is carried
dan terpadu dengan menggunakan panduan kebijakan dari               out centrally and integratively, with policy guidelines from the
Perseroan sebagai entitas induk mulai dari proses rekrutmen,        Company as the parent entity, starting from the recruitment
pelatihan, dan penilaian kinerja.                                   process to training and performance assessment.
                                                                                                                                           Bakrieland Annual Report 2024




Program pengembangan kompetensi karyawan dapat dilakukan            The employee competency development program may be
dengan berbagai model serta dapat dilaksanakan secara internal      conducted through various models, internally with in-house
(in-house training) maupun eksternal. Pelatihan internal berarti    training as well as externally. Internal training means that the
pelatihan tersebut dilakukan di dalam lingkungan Perseroan.         program is to be implemented within the Company’s premises.

Pada tahun 2024, Perseroan berfokus pada program in-house           In 2024, the Company focused on in-house training by use of an
training dengan mengandalkan silabus dan pelatih internal.          internal syllabus and trainers. Such internal training is conducted
Pelatihan internal tersebut dilakukan dengan metode Subject         by the Subject Matter Expertise (SME) method and knowledge-
Matter Expertise (SME) dan berbagi pengetahuan antar-Divisi         sharing among Divisions and across Business Units, as well

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                                  dan lintas Unit Usaha, serta melalui penugasan (tour of duty) di   as through tour-of-duty assignments in a number of projects/
                                  berbagai proyek/Unit Usaha ataupun setelah promosi kenaikan        Business Units or upon job promotion in his/her field of work.
                                  jabatan di bidang pekerjaannya.

                                  SISTEM MANAJEMEN KINERJA                                           PERFORMANCE MANAGEMENT SYSTEM

                                  Penerapan sistem manajemen kinerja bertujuan untuk mengelola       The implementation of a performance management system
                                  proses pencapaian kinerja pekerja secara objektif. Salah satu      aims to manage workers’ performance achievement process
                                  proses dalam sistem manajemen kinerja yaitu penilaian kinerja      objectively. One of the processes within the performance
                                  pekerja, Perseroan melaksanakan proses penilaian kinerja           management system, namely the employee performance
                                  pekerja menggunakan Key indicator Performance yang telah           assessment, the Company administers the employee performance
                                  ditetapkan.                                                        assessment process by use of the set forth Key Performance
                                                                                                     Indicator (KPI).

                                  REWARD DAN PUNISHMENT                                              REWARD AND PUNISHMENT

                                  Pemberlakuan Reward dan Punishment bertujuan untuk                 Enforcement of reward and punishment aims to improve the
                                  meningkatkan kinerja setiap pekerja. Reward diberikan untuk        performance of each worker. Rewards are given to motivate
                                  memotivasi pekerja dalam mencapai target kinerja secara            workers to achieve optimal performance targets, which in turn
                                  optimal sehingga mendukung pencapaian sasaran Perusahaan.          supports the achievement of the Company’s targets. The Company
                                  Perseroan memberikan reward, baik bersifat finansial maupun        provides rewards, financially and non-financially, in accordance
                                  non finansial, yang disesuaikan dengan kemampuan Perusahaan.       with the Company’s capability. Performance incentive is one of
                                  Insentif performansi adalah salah satu bentuk reward yang          the forms of reward that the Company extends to employees
                                  diberikan Perseroan kepada pekerja berdasarkan hasil Penilaian     based on the Monthly Performance Assessment results and the
                                  Performansi Bulanan dan pencapaian target Key Performance          Key Performance Indicator (KPI) target achievement. In addition,
                                  Indicator (KPI). Selain itu, Perseroan juga memberikan apresiasi   the Company also extends appreciation to employees with
                                  bagi pekerja berkinerja istimewa berupa penghargaan khusus,        outstanding performance in the form of such special tokens of
                                  bonus, tunjangan kinerja.                                          appreciation, bonuses, and work allowances.

                                  Punishment diterapkan untuk mencegah segala bentuk                 Punishments are implemented to prevent all forms of violation
                                  pelanggaran dilakukan oleh pekerja sehingga hal-hal yang           conducted by employees so that all matters that may hinder or
                                  menghambat atau mengganggu kelancaran aktivitas kerja dapat        interfere with the smooth run of work activities may be avoided.
                                  dihindari. Perseroan memberikan punishment sesuai tingkat dan      The Company provides punishment in accordance with the
                                  jenis sanksi yang berlaku. Jenis sanksi yang berlaku meliputi      level and type of applicable sanctions. The types of applicable
                                  teguran, surat peringatan dan sanksi lainnya yang disesuaikan      sanctions include reprimands, warning letters, and other sanctions
                                  dengan tingkat pelanggaran.                                        according to the level of violation.

                                  HUBUNGAN INDUSTRIAL                                                INDUSTRIAL RELATIONS

                                  Dalam menjalankan kegiatan operasionalnya, Perseroan juga          In carrying out operational activities, the Company also constantly
                                  senantiasa menciptakan iklim kerja yang kondusif, terbuka,         strie to create a conducive, open, positive, and progressive
                                  positif, dan progresif guna terciptanya hubungan industrial        working environment in order to establish harmonious, dynamic
Bakrieland Laporan Tahunan 2024




                                  yang harmonis, dinamis, dan adil. Oleh karenanya, Perseroan        and fair industrial relations. For this reason, the Company
                                  senantiasa melakukan pengelolaan hubungan industrial               always manage its industrial relations by creating a conducive
                                  dengan menciptakan lingkungan kerja yang kondusif sehingga         working environment that supports the Company’s productivity
                                  mendorong peningkatan produktivitas Perseroan. Komunikasi          improvement. Communication between the Management and
                                  antara Manajemen dan pekerja menjadi kunci terwujudnya             the workers is the key to establishing harmonious industrial
                                  hubungan industrial yang harmonis bagi kedua pihak.                relations for both parties.




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                                  REALISASI PROGRAM KERJA SDM                                        REALIZATION OF HR WORK PROGRAM IN
                                  TAHUN 2024                                                         2024

                                  Adapun realisasi program kerja SDM Perseroan tahun 2024            The realization of the Company’s HR work program in the year
                                  untuk mewujudkan tata nilai SIGAP pada berbagai aspek SDM,         2024, in the context of actualizing SIGAP values in various HR
                                  antara lain:                                                       aspects, among others, includes the following:
                                  1. Leaders Meeting sebagai bentuk pengawasan Direksi               1. Leaders Meeting as a form of supervision by the Board of
                                      terhadap para pimpinan Perseroan. Secara berkala                  Directors over the Company’s leaders. Periodically, Board
                                      diselenggarakan meeting Direksi bersama seluruh pemimpin          of Directors meetings are held with all leaders to discuss
                                      untuk membahas berbagai isu signifikan.                           various significant issues.
                                  2. Penyesuaian organisasi yang menyesuaikan kebutuhan              2. Organizational adjustments adapting to service requirements
                                      pelayanan terhadap pelanggan eksternal maupun internal.           for external and internal customers.
                                  3. Internalisasi tata nilai SIGAP melalui pelatihan, sosialisasi   3. Internalization of SIGAP values through training and
                                      via sarana komunikasi Perusahaan                                  socialization through of the Company’s communication media.
                                  4. Rekrutmen karyawan baru berdasarkan tata nilai SIGAP selain     4. Recruitment of new employees based on SIGAP values aside
                                      sisi kompetensi.                                                  from competency aspect.
                                  5. Dilakukan potensial assessment untuk seluruh karyawan           5. Conduct potential assessment on all Company employees
                                      Perseroan agar bagi karyawan yang berpotensial                    so that potential employees may receive the opportunity for
                                      mendapatkan kesempatan untuk mengembangkan karir.                 career development.
                                  6. Konsolidasi Management Perseroan dan merger organisasi          6. Consolidation of the Company’s Management and
                                      Perseroan dan Anak Perusahaan, Bakrie Swasakti Utama.             organization merger between the Company and Subsidiary,
                                      Secara keseluruhan, merger dan sentralisasi puncuk pimpinan       Bakrie Swasakti Utama. Overall, a merger and centralization
                                      dalam pengambilan keputusan dapat memberikan dampak               of the top management in decision-making may bring about
                                      positif yang signifikan, terutama dalam meningkatkan              significant positive impact, especially in improving efficiency,
                                      efisiensi, konsistensi kebijakan, dan koordinasi di seluruh       policy consistency, and coordination throughout the company.
                                      perusahaan.

                                  RENCANA FOKUS PENGEMBANGAN                                         HR DEVELOPMENT FOCUS PLANS IN 2025
                                  SDM TAHUN 2025

                                  Dalam bidang pengelolaan dan pengembangan SDM, Corporate           In the field of HR management and development, the Corporate
                                  Human Capital (“CHC”) Perseroan menyusun rencana strategis         Human Capital (“CHC”) of the Company sets up its strategic
                                  berbasiskan budaya Perseroan baru yang ingin dibangun dengan       plan based on the new corporate culture the Company wants
                                  tata nilai bernama SIGAP.                                          to build with SIGAP values.

                                  Prakteknya, nilai SIGAP ingin dapat dirasakan melalui cara         In practice, SIGAP values are set and are hoped to be internalized
                                  pengembangan manusianya, manajemen talenta yang dimiliki,          through the methods of human development, management of
                                  adanya kriteria yang lebih tajam, transparan, mudah diawasi &      existing talents, availability of sharper, more transparent criteria
                                  di evaluasi, dan memberikan reward yang adil untuk pencapaian      that are easy to monitor and evaluate, and providing fair rewards
                                  karyawan. Digitalisasi diberbagai aspek proses kerja Human         for employee achievement. Digitalization in various aspects of
                                  Capital, terutama yang berkaitan dengan kekaryawan, juga terus     the Human Capital work process, especially those thatrelates
                                  dilakukan untuk meningkatkan kenyamanan dan transparansi           to employees, continues to be carried out in order to improve
Bakrieland Laporan Tahunan 2024




                                  karyawan dalam bekerja.                                            employees’ comfort and transparency at work.




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                                  Teknologi Informasi
                                  Information Technology




                                  Perseroan memandang penerapan Teknologi Informasi (TI) yang          The Company views a comprehensive implementation of
                                  komprehensif pada seluruh lini sebagai kunci untuk meraih kinerja    Information Technology (IT) across all lines as key to achieving
                                  optimal, mencapai tujuan serta target yang telah ditetapkan, dan     optimal performance, reaching predetermined goals and targets,
                                  mewujudkan visi jangka panjang. Di tengah kemajuan zaman             and to manifesting long-term visions. Amidst the increasingly
                                  yang semakin pesat, infrastruktur TI yang kokoh bukan hanya          rapid development, a solid IT infrastructure not only functions as
                                  berfungsi sebagai pendukung, tetapi juga sebagai enabler yang        support, but also as an enabler that holds a vital role in backing
                                  memegang peranan vital dalam mendukung pelaksanaan bisnis            effective and efficient business implementation.
                                  yang efektif dan efisien.

                                  Perseroan memiliki tata kelola TI yang menjadi dasar acuan           The Company maintains IT management that serves as a reference
                                  dalam pengelolaan dan pengembangan TI perusahaan. Acuan              in the management and development of the Company’s information
                                  tersebut bertujuan untuk memastikan penerapan TI sesuai              technology. This reference aims to ensure that IT implementation is
Bakrieland Laporan Tahunan 2024




                                  dengan pencapaian tujuan perusahaan. Tata kelola TI terdiri          in line with the company’s goals. IT management consists of policy
                                  dari struktur kebijakan dan kumpulan proses yang berguna untuk       structure and a set of processes that are useful in optimizing IT
                                  mengoptimalkan keuntungan dan kesempatan TI, mengendalikan           advantages and opportunities, in controlling the use of IT resources,
                                  penggunaan sumber daya TI, dan mengelola risiko-risiko terkait TI.   and in managing IT-related risks.

                                  Dalam perkembangan dunia TI yang sangat dinamis harus diikuti        The dynamic progress of the IT world must be followed by
                                  dengan peningkatan kualitas dan kompetensi SDM TI sehingga           the enhancement in the quality and competency of IT human
                                  dapat menunjang perkembangan TI di dalam perusahaan.                 resources that helps improve IT within the company. For this
                                  Untuk itu, Perseroan berkomitmen untuk terus memberikan              purpose, the Company is committed to continually providing
                                  pelatihan internal dan eksternal, khususnya pelatihan teknis         internal and external training, especially technical training as
                                  yang sesuai dengan kebutuhan perusahaan, dengan tujuan               required by the company, with the aim of improving HR’s existing

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untuk meningkatkan kompetensi SDM yang dimiliki. Selain itu,       competency. In addition, the Company also sets self-learning
Perseroan juga menjadikan self-learning and information seeking    and information-seeking as fundamental traits in IT HR
sebagai kompetensi dasar bagi SDM TI.

Pemanfaatan teknologi secara optimal dan implementasi              Optimal use of technology and implementation of modern
teknologi modern di Perseroan berada di bawah tanggung             technology in the Company fall under the responsibility of the
jawab Divisi Corporate Information Technology (CIT) yang           Corporate Information Technology (CIT) assigned to maintain,
bertugas menjaga, mengelola, dan meningkatkan efektivitas          manage, and enhance the effectiveness of the IT-based work
sistem kerja berbasis TI. Divisi CIT juga berperan besar dalam     systems. The CIT Division also plays a big role in maintaining data
menjaga keamanan data, mempermudah akses penggunaan                security, simplifying access for data use, as well as in increasing
data, serta meningkatkan akurasi pelaporan seluruh unit kerja.     reporting accuracy in all work units.

Divisi CIT memberikan layanan sistem komputasi, sistem aplikasi    The CIT Division provides services in the computation system,
berbasis desktop, web, dan mobile, sistem jaringan dan internet,   the desktop-web-and mobile-based application systems, the
sistem back-up dan keamanan data, serta sistem e-mail. Divisi      network and internet systems, the data back-up and security
CIT juga menyediakan layanan pendukung dan help-desk bagi          systems, as well as the e-mail system. CIT Division also provides
para pengguna dalam penggunaan perangkat kerja. Divisi CIT         support and help-desk for users of work equipment. CIT Division
mengelola sistem Tata Kelola TI melalui kebijakan teknologi        manages the IT Management system through the information
informasi serta Standard Operating Procedure (SOP) yang            technology policy as well as Standard Operating Procedure (SOP).
dimiliki. Dengan mengadopsi kerangka kerja terbaik di bidang       By adopting best framework practices in the IT field, the CIT
pengelolaan TI, Divisi CIT merancang dan mengelola infrastruktur   Division designs and manages an integrated IT infrastructure
TI yang terpadu serta berkomitmen untuk terus memperbaikinya       and is committed to continuously improving it in line with the
selaras dengan perkembangan bisnis yang makin kompleks.            growing development complexities in the business world.

Untuk mencukupi kebutuhan SDM TI, Perseroan juga melakukan         In order to meet IT HR needs, the Company also conducts the
proses perekrutan SDM TI yang sesuai dengan kebutuhan seiring      IT HR recruitment process as required in line with development
dengan perkembangan perusahaan serta perkembangan TI.              occurring within the company and in the IT sector. Recruitment
Perekrutan dilalui dengan seleksi yang ketat dan kompetitif        is processed through strict and competitive selection; thus, to
guna memastikan calon karyawan yang direkrut memiliki level        make sure that recruited candidates hold the level of competency
kompetensi sesuai dengan standar yang telah ditetapkan.            as per set standards.

Perseroan secara berkala melakukan evaluasi atas pelaksanaan       The Company periodically evaluates the implementation of IT
kebijakan tata kelola TI agar tetap sesuai dengan arah strategi    management policies to ensure their viability is in accordance
perusahaan.                                                        with the direction of the company’s strategies.

REALISASI PROGRAM TI TAHUN 2024                                    REALIZATION OF IT PROGRAM IN 2024

Di era globalisasi dan revolusi industri yang terus berkembang,    In this era of continuously progressing globalization and industrial
teknologi memiliki peran sentral dalam meningkatkan daya saing     revolution, technology plays a central role in increasing the
yang kuat dalam kegiatan bisnis Perseroan. Perseroan terus         tight competitiveness in the Company’s business activities. The
mengimplementasikan teknologi informasi (TI) dengan memenuhi       Company continues to implement information technology by
kebutuhan bisnis, sambil tetap memperhatikan keamanan,             fulfilling business needs while also remaining close to attention
keandalan, dan kapabilitas internal TI. Upaya ini diharapkan       to IT internal security, reliability, and capability. This effort is
                                                                                                                                           Bakrieland Annual Report 2024




dapat mengoptimalkan perkembangan bisnis yang lebih cepat,         expected to help optimize faster and more reliable business
terpercaya, dan mampu memberikan layanan terbaik kepada            development and be capable of providing the best services to
seluruh pemangku kepentingan.                                      all stakeholders.

Perseroan mengimplementasikan program pengembangan TI              The Company implements IT development programs that refer
yang mengacu pada kebijakan internal yang berlaku. Sejalan         to prevailing internal policies. In line with corporate planning,
dengan rencana korporat, pengembangan TI dilakukan secara          IT development was carried out in a sustainable manner in
berkelanjutan untuk mendukung kegiatan operasional bisnis          order to support the Company’s business operational activities.
Perseroan. Sepanjang tahun 2024, Perseroan telah berhasil          Throughout the year 2024, the Company managed to implement
melaksanakan berbagai inisiatif TI yang signifikan. Renovasi       various significant IT initiatives: the renovation of the server room

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                                  Ruang Server, Ruang Meeting, Relokasi Ruang BSU, serta           and meeting room, the relocation of the BSU room, as well as
                                  pembangunan Ruang Server dan Ruang Meeting baru telah            the setting up of the new server room and Meeting Room which
                                  terlaksana dengan sangat baik, menciptakan lingkungan kerja      were successfully executed, creating a modern and more efficient
                                  yang lebih modern dan efisien. Pembaruan sistem jaringan         working environment. Enhancement in the Company’s network
                                  Perseroan telah terinstal dan berfungsi dengan optimal,          system were newly installed and functioning optimally, ensuring
                                  memastikan konektivitas yang lebih handal dan cepat. Pengadaan   that connectivity is faster and more reliable. Procurement of work
                                  perangkat kerja telah terlaksana sebagian besar, menunjukkan     equipment was largely implemented, signifying the Company’s
                                  komitmen Perseroan dalam menyediakan alat kerja yang canggih     commitment to providing up-to-date work equipment and to
                                  dan mendukung produktivitas tinggi. Produksi sistem juga telah   supporting high productivity. System production was also applied,
                                  terlaksana, menandakan langkah maju dalam inovasi teknologi      showing that advancement in technology innovation will continue
                                  yang akan terus dikembangkan di tahun berikutnya.                to grow in the years to come.

                                  RENCANA FOKUS PENGEMBANGAN TI                                    PLANS IN IT DEVELOPMENT FOCUS IN 2025
                                  TAHUN 2025

                                  Tahun 2025 akan menjadi tahun di mana Perseroan semakin fokus    The year 2025 will be the year the Company will be more focused
                                  pada peningkatan pengalaman pelanggan. Strategi TI diarahkan     on increasing customer experience. The IT Strategy is directed
                                  pada pembangunan platform digital yang terintegrasi untuk        at developing the integrated digital platform in order to provide
                                  memberikan layanan pelanggan yang lebih baik dan personal.       better and more personal customer service. The Company will
                                  Perseroan akan mengimplementasikan teknologi analisis data       implement extensive data analysis technology and artificial
                                  besar dan kecerdasan buatan (AI) untuk memahami perilaku         intelligence (AI) to thoroughly comprehend customer behavior
                                  pelanggan secara mendalam dan memberikan rekomendasi             and provide relevant and on-time recommendations. IT policies
                                  yang relevan dan tepat waktu. Kebijakan TI akan menekankan       will stress the availability of high, responsive, and easy-to-use
                                  pada ketersediaan layanan yang tinggi, responsif, dan mudah      services, aiming to enhance customer satisfaction and loyalty.
                                  digunakan, dengan tujuan untuk meningkatkan kepuasan dan
                                  loyalitas pelanggan.

                                  Selain itu, Perseroan berencana untuk membangun ekosistem        Moreover, the Company plans to establish a digital ecosystem
                                  digital yang memungkinkan kolaborasi yang lebih erat dengan      that allows closer collaboration with business partners. This
                                  mitra bisnis. Ini termasuk pengembangan system dan aplikasi      include the development of high-tech systems and applications,
                                  yang canggih, peningkatan keamanan siber, dan integrasi sistem   improvement in cybersecurity, and better system integration to
                                  yang lebih baik untuk memastikan aliran informasi yang lancar    ensure smooth and safe information flow. With this approach,
                                  dan aman. Dengan pendekatan ini, Perseroan berharap dapat        the Company hopes to manifest significant added value to
                                  menciptakan nilai tambah yang signifikan bagi semua pemangku     all stakeholders and remain on the front line in technology
                                  kepentingan dan tetap berada di garis depan inovasi teknologi.   innovation.
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                                  Unit Pendukung Bisnis | Business Support Unit




                                  Corporate Affairs
                                  Corporate Affairs




                                  Adapun unit kerja pelaksana komunikasi korporat yang              The corporate communication work unit that performs the function
                                  menjalankan fungsi sebagai penghubung komunikasi antara           as the liaison between the Company and the Business Units as
                                  Perseroan dan Unit Usaha serta dengan para pemangku               well as the stakeholders is Corporate Affairs Directorate (CA).
                                  kepentingan yaitu Direktorat Corporate Affairs (CA)

                                  Secara keseluruhan, Direktorat CA bertanggung jawab untuk         Overall, the CA Directorate is responsible for the management
                                  melakukan pengelolaan informasi dan komunikasi yang terpadu,      of information and communication in an integrated and planned
                                  terencana, dan dapat diandalkan untuk mengoptimalkan              manner that is also reliable in optimizing coordination and synergy
                                  koordinasi dan sinergi guna meningkatkan citra positif terhadap   in order to improve the positive image of the corporation and
                                  korporasi dan produk-produk Perseroan sebagai satu kesatuan       its products as one entity, so as to increase marketing activities.
                                  utuh, sehingga dapat meningkatkan aktivitas pemasaran.
Bakrieland Laporan Tahunan 2024




                                  Dalam melaksanakan fungsinya, Direktorat CA dibantu oleh unit     In carrying out its function, CA Directorate is assisted by the
                                  kerja pendukung di bawahnya yang terbagi menjadi 3 (tiga)         support of a subordinate work unit consisting of 3 (three)
                                  bagian, yaitu Corporate Communications, Social Media & Design,    functions, namely Corporate Communications, Social Media
                                  dan Corporate Sustainability & CSR. Masing-masing bagian          & Design, and Corporate Sustainability & CSR. Each section/
                                  menjalankan fungsi development, operasional, dan koordinasi       department carries out its respective development, operational,
                                  yang aktivitasnya disesuaikan dengan pemangku kepentingan         and coordination functions, of which activities are adapted to
                                  yang ditanganinya.                                                the stakeholders it handles.




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Langkah strategis yang dilakukan Direktorat CA selama tahun      The strategic steps executed by the CA Directorate during the
2024, adalah sebagai berikut:                                    year 2024 are as follows:
1. Memperkuat citra Perseroan dengan ikut serta dalam            1. Strengthened the Company’s image by participating in various
   berbagai ajang penghargaan                                       awards;
2. Mengoptimalkan penggunaan digital untuk mendistribusikan      2. Optimized digital utilization to distribute Company’s
   berbagai informasi Perusahaan.                                   information;
3. Meninjau platform-platform yang tersedia untuk memperluas     3. Reviewed available platforms to expand information
   penyebaran informasi                                             distribution;
4. Mendistribusikan informasi berbagai aktivitas Perusahaan      4. Distributed information on various Company’s activities
   melalui media online untuk menjaga eksistensi Perusahaan         through online media to maintain the Company’s existence
   di mata publik.                                                  in the public eye;
5. Menjaga tone berita Perusahaan tetap positif.                 5. Maintained the Company’s positive news tone;
6. Mendukung fungsi komunikasi dan CSR di Unit Usaha baru        6. Supported the communication and CSR functions in new
                                                                    Business Units;
7.   Menerapkan secara konsisten kebijakan Corporate Identity    7. Consistently implemented the Corporate Identity policy in
     di Perseroan                                                   the Company’s.

RENCANA STRATEGIS DIREKTORAT CA                                  STRATEGIC PLAN OF CA DIRECTORATE
TAHUN 2024                                                       IN 2024

Selama tahun 2024, Direktorat CA memiliki rencana strategis,     During the year 2024, the CA Directorate retained the strategic
antara lain sebagai berikut:                                     plan, which covered the following:
• Meningkatkan citra Perusahaan melalui :                        • Enhancement of the Company’s image through:
    - Ikut serta dalam 2 (dua) ajang penghargaan                     - Participation in 2 (two) award events
    - Program digital untuk event-event seperti ulang tahun          - Digital program for such events as the anniversary of
        Bakrie Group dan Perseroan                                       the Bakrie Group and the Company’s
    - Menjalankan program CSR prioritas.                             - Implementation of CSR priority program.
• Menjalin relasi dengan komunitas melalui sponsorship untuk     • Maintaining relations with communities through sponsorship
    menjaga eksistensi dan memperluas distribusi informasi           so as to maintain the Company’s presence and expand
    Perseroan                                                        distribution of Company information

LAPORAN PELAKSANAAN KEGIATAN                                     REPORT ON ACTIVITY IMPLEMENTATION
DIREKTORAT CA TAHUN 2024                                         OF CA DIRECTORATE IN 2024

Selama tahun 2024, masing-masing bagian di Direktorat CA telah   During the year 2024, each function of the CA Directorate
melaksanakan sejumlah kegiatan yang relevan dengan tugas         performed activities relevant to their respective main duties
dan tanggung jawab pokok masing-masing yaitu sebagai berikut:    and responsibilities, namely as follows:

Corporate Communications                                         Corporate Communications
•    Terus meningkatkan publikasi berita Perseroan, khususnya    •   Continued increasing publication of the Company’s news,
     di media online.                                                especially through online media.
     Jumlah publikasi media                                          Total media publication
                                                                                                                                   Bakrieland Annual Report 2024




                  2024                                                                 631



                  2023                                                                        700



                  2022                                                                            733




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                                  Unit Pendukung Bisnis | Business Support Unit




                                  •     Menjaga tone berita Perusahaan tetap positif                  •   Maintained the positive tone of the Company’s news.
                                        Tone Media 2024                                                   Media tone 2024

                                                    1%                                           9%                                             8%




                                                                                                                              43%

                                  36%            2024                    63%   40%            2023                 51%                        2022
                                                                                                                                                                  49%




                                                         Positif | Positive                  Neutral | Neutral                      Negatif | Negative

                                  •     Mendistribusikan 125 informasi Perusahaan kepada karyawan     •   Distributed 125 pieces of Company information to employees.

                                  Media Sosial & Design                                               Social Media & Design
                                  •     Mendukung seluruh unit kerja dengan menyediakan design        •   Supported all work units with assistance regarding corporate
                                        standar korporasi.                                                design standards.
                                  •     Bersama-sama Unit Usaha mendistribusikan informasi dengan     •   Jointly with Business Units distributed information on
                                        lingkup korporasi, CSR, promosi-promosi melalui media             corporate issues, CSR, and promotions through the
                                        sosial Perseroan agar masyarakat mendapatkan informasi            Company’s social media so the public is able to receive
                                        Perusahaan yang terbaru.                                          the latest information on the Company.
                                  •     Memperbaharui informasi dalam website Perseroan yang          •   Updated information on the Company’s website in line with
                                        disesuaikan dengan Peraturan OJK No. 8 Tahun 2015.                the provisions set forth by OJK Regulation No. 8 of Year 2015.
                                  •     Meninjau platform-platform yang tersedia untuk memperluas     •   Reviewed available platforms to expand information
                                        penyebaran informasi.                                             distribution.

                                  Pencapaian aktivitas Media Sosial & Design, antara lain:            Achievement of activities in Social Media & Design, among others,
                                                                                                      are as follows:
                                  •     Sepanjang tahun 2024, CA menyelesaikan 163 permintaan         • Throughout the year 2024, CA completed 163 requests
                                        design untuk mendukung seluruh unit kerja sesuai design           for design assistance to support all work units in line with
                                        standar korporasi.                                                corporate design standards.
                                  •     Memperbaharui 206 informasi dalam website Perseroan           • Updated 206 pieces of information through the Company’s
                                        yang disesuaikan dengan Peraturan OJK No. 8 Tahun 2015            website in line with OJK Regulation No. 8 of Year 2015.
                                  •     Bersama-sama Unit Usaha mendistribusikan 1.758 informasi      • Jointly with Business Units distributed 1,758 pieces of
                                        dengan lingkup korporasi, CSR, promosi melalui media              information on corporate issues, CSR, and promotions through
                                        sosial Perseroan agarmasyarakat mendapatkan informasi             the Company’s social media so that the public is able to
                                        Perusahaan yang terbaru.                                          receive the latest information on the Company.
Bakrieland Laporan Tahunan 2024




                                  Aktivitas baru yang dilakukan Direktorat CA ditahun 2024, antara    New activities performed by CA Directorate during the year
                                  lain:                                                               2024 included the following:
                                  • Penyusunan konsep baru media sosial untuk menyesuaikan            • Formulation of a new social media concept to adapt to current
                                       dengan trend saat ini                                             trends.
                                  • Berkolaborasi dengan berbagai akun media sosial                   • Collaborated with various social media accounts.
                                  • Berkolaborasi dengan Unit Kerja lainnya yang menjalankan          • Collaborated with other Work Units that carry out the
                                       langkah strategis Perseroan untuk mengkomunikasikan ke            Company’s strategic actions to communicate with the public
                                       publik dan karyawan                                               and employees.
                                  • Ikut serta dalam 2 (dua) ajang penghargaan di bidang CSR          • Participated in 2 (two) award events in the CSR field.
                                  • Upgrade website Perseroan dan Unit Usaha                          • Upgraded the websites of the Company and Business Units.
                                  • Peluncuran BLD Info yang merupakan platform untuk dapat           • Launched the BLD Info, the platform that enables review of
                                       meninjau peforma Unit Usaha.                                      Business Units’ performance.
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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis
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Analisis dan
Pembahasan
Manajemen
Management Discussion
and Analysis




                        Bakrieland Annual Report 2024




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  Tinjauan Operasional
                                  Operational Review




                                  Segmen hotel dan taman rekreasi secara umum menunjukkan
                                  performa yang meningkat di tahun 2024, yang utamanya didorong
                                  oleh pemulihan aktivitas Meeting, Incentive, Convention, and
                                  Exhibition (MICE) secara tatap muka dari segmen pemerintahan dan
                                  korporasi, serta Pilpres 2024 yang berdekatan dengan libur panjang
                                  akhir pekan menyebabkan lonjakan pemesanan kamar hotel serta
                                  kunjungan ke tempat wisata secara bersamaan.
Bakrieland Laporan Tahunan 2024




                                  The hotel and theme park segment generally showed an improved
                                  performance in 2024, which was mainly driven by the recovery of
                                  offline Meeting, Incentive, Convention, and Exhibition (MICE) activities
                                  from the government and corporate segments, as well as the 2024
                                  Presidential election which was adjacent to the long holiday weekend,
                                  causing a surge in hotel room bookings and visits to tourist attractions
                                  simultaneously.
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Hasil Survei Harga Properti Residensial (SHPR) Bank Indonesia        Results of Bank Indonesia’s Residential Property Price Survey
mengindikasikan harga properti residensial di pasar primer           indicated that residential property prices in the primary market
pada triwulan III 2024 tumbuh terbatas. Hal ini tecermin dari        during the third quarter of 2024 have had limited growth. This
pertumbuhan Indeks Harga Properti Residensial (IHPR) pada            is reflected in the Residential Property Price Index growth in
triwulan III 2024 sebesar 1,46% (YoY), lebih rendah dibandingkan     the third quarter of 2024, which was noted at 1.46% (YoY), lower
dengan pertumbuhan triwulan II 2024 sebesar 1,76% (YoY). Dari        than the 1.76% (YoY) noted in the second quarter of 2024. From
sisi penjualan, hasil survei mengindikasikan penjualan properti      the Sales perspective, survey results indicated that the sales of
residensial di pasar primer pada triwulan III 2024 menurun dan       residential property in the primary market during the third quarter
terjadi pada seluruh tipe rumah, terutama pada rumah tipe kecil.     of 2024 declined and occurred in all housing types, especially
                                                                     the small housing units.

Sementara permintaan properti komersial mengalami                    Meanwhile, the demand for commercial properties experienced
peningkatan, terutama pada segmen hotel dan convention               an increase, especially in the hotel and convention hall segments.
hall. Peningkatan ini juga berdampak pada kenaikan harga             This increase also impacted the increase in property rental price.
sewa properti. Adapun tren peningkatan properti komersial            The increasing trend in commercial properties is namely noted in
yaitu adanya peningkatan permintaan sewa ritel, permintaan           the increasing demand for retail rentals, hotels, environmentally
hotel, permintaan properti ramah lingkungan, permintaan properti     friendly properties, and for multi-purpose properties, and for
mulitiguna, dan permintaan properti untuk e-commerce.                e-commerce properties.

Segmen perhotelan secara umum menunjukkan performa                   The hotel segment generally shows an improved performance
yang meningkat di tahun 2024, yang utamanya didorong oleh            in the year 2024, which was mainly endorsed by the recovery in
pemulihan aktivitas MICE secara offline dari segmen pemerintahan     offline MICE activities from both the government and corporate
dan korporasi, serta Pilpres 2024 yang berdekatan dengan libur       segments, as well as the 2024 Presidential Election activities,
panjang akhir pekan juga menyebabkan lonjakan pemesanan              which occurred close to the long-weekend holidays that also
kamar hotel, sehingga okupansi kamar hotel mulai terjadi pada        caused a surge in hotel room bookings. Hotel occupancy rates
awal kuartal IV-2024. Demikian pula kinerja area ritel baik secara   started to occur in the fourth quarter of 2024. Likewise, the
tingkat okupansi maupun biaya sewa juga meningkat yang               performance of the retail areas, both in terms of occupancy
ditopang oleh meningkatnya aktivitas dan mobilitas masyarakat        rates and rental rates, also increased, reinforced by the return
yang kembali normal.                                                 to normalcy in the increasing community’s activity and mobility



KINERJA OPERASIONAL UNIT USAHA                                       OPERATIONAL PERFORMANCE OF
                                                                     BUSINESS UNITS

PT BAKRIE SWASAKTI UTAMA                                             PT BAKRIE SWASAKTI UTAMA
PT Bakrie Swasakti Utama (“BSU”) merupakan salah satu                PT Bakrie Swasakti Utama («BSU») is one of the Company’s
unit usaha Perseroan yang menjalankan kegiatan usaha                 business units operating in property development business
pengembangan properti. Hingga tahun 2024, BSU telah                  activities. Until the year 2024, BSU has developed and managed
mengembangkan dan mengelola beberapa proyek properti yang            a number of property projects located in Jakarta and in several
berlokasi di Jakarta dan beberapa daerah di pulau Jawa seperti       other regions of the island of Java, such as Yogyakarta and
Yogyakarta dan Sidoarjo. Produk properti yang dikembangkan           Sidoarjo. The property products developed and managed by
dan dikelola oleh BSU berfokus pada city property (apartemen,        BSU are mainly focused on city properties (apartments, office
perkantoran, hotel, pusat perbelanjaan, fasilitas olahraga),         space/buildings, hotels, shopping centers, sports facilities),
                                                                                                                                           Bakrieland Annual Report 2024




township dan manajemen properti. BSU mengembangkan                   townships, and property management. BSU developed the
area kawasan Rasuna Epicentrum yang merupakan kawasan                Rasuna Epicentrum area, an integrated compound with a master
terpadu dengan masterplan seluas 53,5 ha di Kuningan, Jakarta        plan area of 53.5 ha in Kuningan, South Jakarta, as well as the
Selatan serta kawasan Kahuripan Nirwana di Sidoarjo dengan           Kahuripan Nirwana in Sidoarjo with a total master plan area of
total masterplan seluas 634 ha.                                      634 ha.




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  FOKUS STRATEGI TAHUN 2024                                         STRATEGY FOCUS IN 2024

                                  Sepanjang tahun 2024, BSU telah menerapkan sejumlah inisiatif     Throughout the year 2024, BSU applied several strategic
                                  strategis agar keberlangsungan usahanya tetap terjaga. Strategi   initiatives in order to maintain its business continuity. In operational
                                  yang diterapkan dari sisi operasional yaitu merenovasi ruang      perspective, the strategies applied were set on renovating the
                                  sewa untuk pengembangan bisnis ritel, menawarkan layanan          rental rooms to expand its retail business, offering additional
                                  tambahan seperti housekeeping, pest kontrol, atau perbaikan       services such as in housekeeping, pest control, or unit repairs, as
                                  unit, serta menggunakan teknologi untuk mengurangi biaya          well as in using technology to reduce maintenance and energy
                                  pemeliharaan dan energi. Sedangkan strategi yang diterapkan       costs. While the strategies applied in the financial department
                                  dari sisi keuangan, adalah mengelola arus kas dengan baik,        included a well-managed cash flow, setting aside portions of the
                                  menyisihkan sebagian pendapatan ke dana cadangan untuk            income into reserve funds for CAPEX and maintenance, as well as
                                  CAPEX dan maintenance, serta lebih selektif dalam pengeluaran     being more selective in operational expenses. In addition, no less
                                  operasional. Disamping itu, tidak kalah penting adalah strategi   important was the strategy regarding human resources, namely
                                  dari sisi SDM yaitu dengan meningkatkan kemampuan karyawan        by improving the capabilities of BSU employees through regular
                                  BSU dengan cara melakukan pelatihan berkala, baik pelatihan       training programs, both soft skills and technical skills training.
                                  soft skills, maupun pelatihan teknis.



                                  TANTANGAN DAN MITIGASI                                            CHALLENGES AND MITIGATION

                                  Pada tahun 2024, BSU melihat tren penjualan properti high         In the year 2024, BSU observed that the trend in high-rise property
                                  rise (khususnya apartemen dan kondotel) di Jakarta belum          sales (specifically apartment and condotel units) in Jakarta had not
                                  menunjukkan pemulihan yang optimal. Oleh karena itu, BSU          shown optimum recovery. For this reason, BSU took several steps
                                  telah melakukan beberapa hal sebagai bentuk mitigasi terhadap     as a form of mitigation against the challenges faced, including
                                  tantangan yang dihadapi tersebut, antara lain memprioritaskan     by prioritizing the sale of apartment and condotel units through
                                  penjualan produk apartemen dan condotel melalui customer          loyal customers and established networks, by selecting a bulk
                                  loyal dan jaringan yang sudah terbentuk, memilih strategi bulk    sales strategy to potential buyers for several products such as
                                  sales ke potential buyer untuk beberapa produk seperti area       office space and condotel units to accelerate sales targets, and
                                  perkantoran dan produk condotel untuk mempercepat target          by conducting a rejuvenation program in retail areas with the
                                  penjualan, dan melakukan program peremajaan pada area retail      target of adding rental areas and increasing potential rental
                                  dengan target menambah area sewa dan meningkatkan potensi         prices, as well as through a gradual land acquisition program
                                  harga sewa, serta program akuisisi lahan secara bertahap yang     originating from house sales cashflow in order to mitigate the
                                  berasal dari cashflow penjualan rumah untuk memitigasi kenaikan   increase in land prices around project areas. Moreover, BSU has
                                  harga tanah di sekitar wilayah proyek. Disamping itu, saat ini    currently takeover a hotel, namely Aston Sidoarjo City Hotel &
                                  BSU juga telah mengambil sebuat hotel, yaitu: Aston Sidoarjo      Conference, to strengthen BSU’s recurring income segment.
                                  City Hotel & Conference untuk memperkuat porsi recurring
                                  income BSU.



                                  KINERJA TAHUN 2024                                                PERFORMANCE IN 2024

                                  Sepanjang tahun 2024, BSU mengelola langsung produk-produk        Throughout the year 2024, BSU directly managed the property
Bakrieland Laporan Tahunan 2024




                                  properti yang berlokasi di kawasan Rasuna Epicentrum yang         products located in the Rasuna Epicentrum area, a business
                                  merupakan sentra bisnis Jakarta. Secara umum kinerja seluruh      district center in Jakarta. In general, the performance of all the
                                  properti di bawah kelolaan BSU dapat dilihat pada tabel berikut   properties under the management of BSU is presented in the
                                  ini:                                                              table below:




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                                                                                                      Kinerja
        Properti                     Informasi                    Lokasi                            Performance
        Property                    Information                  Location
                                                                                        2024                       2023
 The Grove                Apartemen     segmen      atas Jakarta               Tingkat Penjualan:         Tingkat Penjualan:
 Condominium              dengan dua tower, yaitu The                          94%                        93%
                          Masterpiece dan The Empyreal
                          yang masing-masing terdiri dari
                          35 dan 32 lantai, dengan total
                          461 unit

                          A high-end apartment with                            Sales:                     Sales:
                          two towers, namely the                               94%                        93%
                          Masterpiece and the Empyreal,
                          each consisting of 35 and 32
                          storeys respectively and a total
                          of 461 units.
 OCEA Condotel            Kondotel bintang 4 dengan Jakarta                    Tingkat Penjualan:         Tingkat Penjualan:
                          total 324 unit dan telah                             67%                        68%
                          dioperasikan bertahap sebagai
                          hotel Swiss Belresidences
                          Rasuna Epicentrum.

                          A 4-store Condotel with 324                          Sales:                     Sales:
                          units and gradually in operation                     67%                        68%
                          as the Swiss-Belresidences
                          Rasuna Epicentrum hotel.



PT BAKRIE PESONA RESONA                                            PT BAKRIE PESONA RESONA
PT Bakrie Pesona Rasuna (“BPR”) didirikan pada tahun 1996          PT Bakrie Pesona Rasuna («BPR») was established in 1996
dan menjalankan kegiatan usaha jasa pengelolaan properti.          and began its operation in the property management services
Sejak tahun 1999, BPR mengelola beberapa properti di Kawasan       business. Since 1999, BPR has managed several properties in
Rasuna Epicentrum, Jakarta, seperti Plaza Festival, Gelanggang     the Rasuna Epicentrum area, Jakarta, such as the Plaza Festival,
Mahasiswa Soemantri Brodjonegoro dan Elite Club Epicentrum.        Soemantri Brodjonegoro Student Center, and the Elite Club
                                                                   Epicentrum.



FOKUS STRATEGI TAHUN 2024                                          STRATEGY FOCUS IN 2024

Agar tetap mampu bersaing dengan properti ritel lainnya, BPR       With the aim to remain competitive with other retail properties,
telah menerapkan beberapa fokus strategi dan mengambil             BPR applied several strategic focuses and took strategic steps
langkah-langkah strategis yang dibutuhkan dari sisi keuangan,      necessary from the financial perspective, among others, by
di antaranya melakukan analisa terhadap kemampuan membayar         analyzing the tenants’ capability to pay rent in order to prevent
para penyewa untuk mencegah terjadinya risiko pembayaran           payment risks and by taking persuasive steps towards tenants
dan juga mengambil langkah persuasif dengan para penyewa           on outstanding payments settlement. On the other hand, BPR
agar dilakukan pelunasan outstanding pembayaran. Di sisi lain,     also strived to retain tenants with good payment track records
BPR juga berusaha mempertahankan para penyewa yang selama          while continuing to seek potential new tenants at Plaza Festival
                                                                                                                                       Bakrieland Annual Report 2024




ini memiliki rekam jejak pembayaran yang baik seraya terus         in order to maintain operational business continuity.
mencari penyewa baru yang potensial di Plaza Festival. Dengan
begitu, keberlangsungan usaha operasional dapat tetap terjaga.




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                                  TANTANGAN DAN MITIGASI                                              CHALLENGES AND MITIGATION

                                  Pada tahun 2024, beberapa tantangan dihadapi BPR terutama           In 2024, BPR faced several challenges, especially in maintaining
                                  dalam menjaga pertumbuhan bisnis yang positif pada aset Plaza       positive business growth in Plaza Festival. This was due to Plaza
                                  Festival. Hal ini karena Plaza Festival yang bergerak di bidang     Festival’s retail business that was quite affected by the changes
                                  ritel cukup terdampak oleh perubahan perilaku belanja konsumen      in consumers’ purchasing behaviors, which since the pandemic
                                  yang semenjak pandemi sampai saat ini lebih menyukai                until the present day remain keen on online shopping, which
                                  berbelanja secara daring sehingga berdampak negatif pada            negatively impacted sales in physical shopping that eventually
                                  penjualan perbelanjaan fisik yang pada akhirnya berpengaruh         affected the tenants capability to pay rents. In addition, the
                                  terhadap kemampuan membayar para penyewa yang menyewa.              increased operational costs, such as for utilities and operations
                                  Disamping itu, kenaikan biaya operasional seperti utilitas dan      also eroded BPR’s net profit.
                                  operasional juga menggerus keuntungan bersih BPR.

                                  Dalam mengatasi beragam isu tersebut, BPR berusaha                  In overcoming such issues, BPR strived to mitigate all risks of
                                  memitigasi seluruh risiko kerugian dengan mencoba adaptif           loss by trying to adapt to trends in consumer behavior changes,
                                  dalam mengikuti tren perubahan perilaku konsumen, misalnya          such as by integrating offline and online shopping experiences.
                                  dengan mengintegrasikan pengalaman berbelanja offline dan           Apart from that, the management also worked together with
                                  online. Selain itu, manajemen juga bekerja sama dengan semua        all tenants to market their products through the social media
                                  penyewa untuk memasarkan produk-produk mereka melalui               managed under BPR. Other efforts undertaken by BPR included
                                  media sosial yang dikelola manajemen BPR. Hal lain yang juga        maintaining positive financial performance by applying cost
                                  dilakukan BPR untuk menjaga kinerja keuangan yang tetap positif     efficiency strategies.
                                  adalah dengan menerapkan strategi efisiensi biaya.



                                  KINERJA TAHUN 2024                                                  PERFORMANCE IN 2024

                                  Secara umum kinerja seluruh properti di bawah kelolaan BPR          In general, the performance of all properties under the
                                  dapat dilihat pada tabel di bawah ini:                              management of BPR is shown in the table below:


                                                                                                                                             Kinerja
                                       Properti                           Informasi                          Lokasi                        Performance
                                       Property                          Information                        Location
                                                                                                                                  2024                   2023
                                   Plaza Festival     Luas lantai sewa sebesar 17.113 m2 dan                 Jakarta      Tingkat Okupansi:      Tingkat Okupansi:
                                                      operasional dikelola dengan standar.                                81%                    79%

                                                      Leasable floor area of 17,113 sqm and operations                    Occupancy Rate:        Occupancy Rate:
                                                      were managed to standards.                                          81%                    79%
                                   Elite Club         Menempati 2 (dua) lantai seluas 5.215 m2 dengan        Jakarta      Jumlah Anggota:        Jumlah Anggota:
                                   Epicentrum         fasilitas lengkap dan operasional dikelola dengan                   1.063                  898
                                                      standar.

                                                      Occupying 2 (two) floors with an area of 5,215 sqm                  Total Members:         Total Members:
                                                      with complete facilities and operations managed                     1,063                  898
Bakrieland Laporan Tahunan 2024




                                                      to standards.




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PT RASUNA RESIDENCE DEVELOPMENT                                    PT RASUNA RESIDENCE DEVELOPMENT
Pada tahun 2004, PT Rasuna Residence Development (“RRD”)           PT Rasuna Residence Development (“RRD”) was established in
didirikan dengan fokus kegiatan usaha di bidang jasa pengelolaan   2004 with a business focus on property management services.
properti. RRD mengelola sejumlah properti, seperti The Grove       RRD managed a number of properties, such as The Grove Suites
Suites by Grand Aston, Swiss-Belresidences Rasuna Epicentrum       by Grand Aston, Swiss-Belresidences Rasuna Epicentrum, as well
serta The Alana Hotel & Conference Center Malioboro Yogyakarta.    as the Alana Hotel & Conference Center Malioboro Jogyakarta.



FOKUS STRATEGI TAHUN 2024                                          STRATEGY FOCUS IN 2024

Dalam mengelola properti perhotelan, RRD sangat menyadari          In managing hotel properties, RRD is very aware that hotel
bahwa aspek kepuasan tamu hotel menjadi penentu                    customer satisfaction is the dependent factor for long-term
keberlangsungan operasional pada jangka panjang. Karena itu,       operation continuity. For this purpose, RRD applied a number of
RRD telah menerapkan sejumlah strategi yang menjadi prioritas di   strategies that were prioritized during the year 2024 so that they
2024 agar senantiasa dapat memberikan pengalaman menginap          always provide the best staying experience to their customers.
yang terbaik kepada para pelanggan.

Seluruh hotel melakukan peninjauan terhadap review dari para       All of the hotels were reviewed by guests who stayed and this
tamu yang menginap untuk senantiasa dijadikan sebagai bahan        became evaluation material for the management so as to provide
evaluasi bagi Manajemen agar bisa memberikan pelayanan             better services in the future. Feedbacks and complaints submitted
yang lebih baik lagi di waktu mendatang. Saran dan keluhan         are required to be immediately attended to and handled to
yang disampaikan wajib untuk ditanggapi dengan cepat dan           completion.
diselesaikan.

Disamping itu, standar keamanan dan kebersihan dijaga untuk        In addition, security and cleanliness standards are maintained
memberikan kenyamanan bagi para pelanggan.                         to provide convenience for the customers.



TANTANGAN DAN MITIGASI                                             CHALLENGES AND MITIGATION

Sepanjang periode pelaporan 2024, RRD dihadapkan dengan            Throughout the reporting period of 2024, RRD was faced with
beberapa isu utama, terutama tantangan persaingan usaha yang       various major issues, especially the challenges in the increasingly
semakin ketat dengan kompetitor sejenis mulai dari segi harga      tight business competition with peers, starting from the price
hingga mulai menjamurnya beberapa hotel baru di area yang          aspects to the growing of several new hotels within the same area.
sama.

Dalam merespons tantangan yang dihadapi, RRD memantau              In response to the challenges faced, RRD monitored and
dan mengendalikan harga Online Travel Agent sesuai dengan          controlled the online travel agent prices according to the level
tingkat daya beli pasar dan city occupancy. Selain itu, RRD juga   of the market purchasing power and city occupancy. Moreover,
terus berinovasi serta mengikuti update terkait perkembangan       RRD also continued with innovation as well as kept up-to-date with
teknologi dan isu yang sedang berkembang baik di dalam             technological development and trending issues both domestically
ataupun luar negeri.                                               and overseas.
                                                                                                                                         Bakrieland Annual Report 2024




Didukung oleh implementasi strategi yang tepat dan ketangkasan     Supported by proper strategy implementation and agility in
dalam mengatasi tantangan, pada tahun 2024, secara umum            overcoming such challenges, in general, RRD’s business and
aktivitas bisnis dan operasional RRD sudah beroperasi secara       operational activities in 2024 were operating optimally.
optimal.




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  KINERJA TAHUN 2024                                              PERFORMANCE IN 2024

                                  Secara umum kinerja seluruh properti di bawah kelolaan RRD      In general, the performance of all properties under the
                                  dapat dilihat pada tabel di bawah ini:                          management of RRD is presented in the table below:


                                                                                                                                  Kinerja
                                          Properti                  Informasi               Lokasi                              Performance
                                          Property                 Information             Location
                                                                                                                     2024                      2023
                                   The Grove Suites       Hotel bintang 5 berlokasi            Jakarta      Tingkat Okupansi:         Tingkat Okupansi:
                                                          di Rasuna Epicentrum yang                         72%                       71%
                                                          dikelola oleh PT Aston
                                                          International Indonesia

                                                          5-star hotel located in                           Occupancy Rate:           Occupancy Rate:
                                                          Rasuna Epicentrum, which                          72%                       71%
                                                          managed by PT Aston
                                                          International Indonesia
                                   Swiss-Bel Residences   Hotel bintang 4 yang berada          Jakarta      Tingkat Okupansi:         Tingkat Okupansi:
                                   Rasuna Epicentrum      di kawasan                                        67%                       71%
                                                          Rasuna Epicentrum yang
                                                          dikelola oleh Swiss-Belhotel
                                                          International

                                                          4-star hotel within the                           Occupancy Rate:           Occupancy Rate:
                                                          Rasuna Epicentrum area,                           67%                       71%
                                                          which managed by Swiss-
                                                          Belhotel International
                                   The Alana Hotel &      Hotel bintang 4 dengan 296           Jakarta      Tingkat Okupansi:         Tingkat Okupansi:
                                   Conference Center      kamar dan fasilitas yang                          59%                       58%
                                   Malioboro Yogyakarta   lengkap, termasuk area
                                                          eksibisi dalam ruang sebesar
                                                          2.800 m2 yang berlokasi di
                                                          Awana Yogyakarta serta
                                                          dikelola oleh PT Aston
                                                          International Indonesia.

                                                          4-star hotel wth 296 rooms                        Occupancy Rate:           Occupancy Rate:
                                                          and     complete   facilities,                    59%                       58%
                                                          including     an     indoor
                                                          exhibition space of 2,800
                                                          sqm, located in Awana
                                                          Yogyakarta and managed
                                                          by PT Aston International
                                                          Indonesia
Bakrieland Laporan Tahunan 2024




106
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PT PROVICES INDONESIA                                               PT PROVICES INDONESIA
Pada tahun 2012, Provices Indonesia (“PVI”) resmi berdiri sebagai   In the year 2012, Provices Indonesia («PVI») was officially
Unit Usaha BSU dan menjalankan kegiatan usaha pengelolaan           established as a BSU Business Unit and operates in the property
properti. Saat ini PVI tidak hanya mengelola properti Perseroan,    management business. Currently, PVI not only manages the
tetapi juga diluar properti Perseroan.                              Company’s properties but also other properties outside of the
                                                                    Company.



FOKUS STRATEGI TAHUN 2024                                           STRATEGY FOCUS IN 2024

PVI berfokus untuk memperbesar jumlah pengelolaan property          PVI’s focus in 2024 was to expand its management of properties
di luar Perseroan untuk meningkatkan pendapatan dengan              outside of the Company in order to increase income by putting
mengedepankan layanan menyeluruh yang didukung Standard             forward comprehensive services endorsed by Standard Operating
Operating Procedure (SOP) yang mengadopsi dari berbagai best        Procedure (SOP) that adopt various best practices and national
practices dan standar pelayanan nasional.                           service standards.

PVI juga menerapkan Nilai-Nilai Perusahaan yang mendorong           PVI applies the Corporate Values that encourage all employees
seluruh karyawan untuk mengedepankan pelayanan yang prima,          to put forward prime services, with integrity, and in accordance
berintegritas, dan sesuai dengan kebutuhan pelanggan.               with the customers’ needs.



TANTANTAN DAN MITIGASI                                              CHALLENGES AND MITIGATION

Sepanjang tahun 2024, seluruh properti yang dikelola PVI mulai      Throughout the year 2024, all properties managed under
menunjukkan sinyal perbaikan kinerja. Bangkitnya industri           PVI began to show signs of performance improvement. PVI’s
properti juga tercermin dari keberhasilan PVI yang selama 2024      accomplishments in 2024 were also a reflection of the rise of
berhasil mengantongi puluhan proyek pengelolaan properti, baik      the property industry, which during the year 2024 PVI managed
properti yang dimiliki oleh Perseroan ataupun di luar Perseroan.    to generate dozens of property management projects, both
                                                                    properties owned by the Company and outside of the Company.

Proyek pengelolaan properti Kementerian Keuangan, Kementerian       Property management projects in the Ministry of Finance,
Kelautan, Kementerian Luar Negeri, Rumah Sakit AMC Yogyakarta,      the Ministry of Marine Affairs, the Ministry of Foreign Affairs,
Rumah Sakit Jogja Internasional, Istana Presiden, Rumah             Jogyakarta AMC Hospital, International Jogya Hospital,
Sakit Bhayangkara Sleman, dan Universitas Indonesia masih           Presidential Palace, Sleman Bhayangkara Hospital, and University
dipercayakan kepada PVI. Ditambah Bappenas dan Direktorat           of Indonesia remained entrusted to PVI. In addition, Bappenas
Jendral Pajak (Kanwil DJP) Gedung Radjiman pada tahun 2024          (National Development Planning Agency) and Directorate General
mempercayakan juga asetnya untuk dikelola oleh PVI.                 of Taxes (Kanwil DJP) Radjiman Building also entrusted their
                                                                    assets to be managed by PVI in 2024.

Belum lagi proyek-proyek lainnya yang memiliki skala                Not to mention other projects with large economic scale, such
ekonomi besar seperti pengelolaan properti Bank Indonesia,          as the management of properties of Bank Indonesia, LKPP,
LKPP, Rumah Sakit Fatmawati, RS Pondok Indah, RS Permata            Fatmawati Hospital, Pondok Indah Hospital, Permata Cibubur
Cibubur, Kementerian Perdagangan, dan Gedung ASEAN turut            Hospital, the Ministry of Trade, and the ASEAN Building, also
                                                                                                                                       Bakrieland Annual Report 2024




mempercayakan asetnya dikelola oleh PVI.                            delegated their assets to be managed by PVI.




                                                                                                                                       107
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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  KINERJA TAHUN 2024                                                    PERFORMANCE IN 2024

                                  Secara umum kinerja seluruh properti di bawah kelolaan PVI            The performance of all properties under the management of
                                  dapat dilihat pada tabel di bawah ini:                                PVI is generally described in the table below:


                                                                                                                  Lokasi                       Kinerja
                                           Properti                           Informasi                          Location                    Performance
                                           Property                          Information
                                                                                                                                      2024                 2023
                                   Rasuna Office Park       Kompleks terpadu komersial dan ritel                 Jakarta       Tingkat Okupansi:    Tingkat Okupansi:
                                                            dengan total area sewa seluas 3.945 m2                             80%                  99%

                                                            An integrated commercial and retail complex                        Occupancy Rate:      Occupancy Rate:
                                                            with a total leasable area of 3,945 sqm                            80%                  99%
                                   Epiwalk Office Suites    Perkantoran 4 lantai yang terletak di                Jakarta       Tingkat Okupansi:    Tingkat Okupansi:
                                                            area lifestyle and entertainment – Epiwalk                         86%                  91%
                                                            Rasuna Epicentrum

                                                            A 4-storey office building located in the                          Occupancy Rate:      Occupancy Rate:
                                                            lifestyle and entertainment compound of                            86%                  91%
                                                            Epiwalk Rasuna Epicentrum
                                   Bakrie Tower             Gedung perkantoran strata 47 lantai                  Jakarta       Tingkat Okupansi:    Tingkat Okupansi:
                                                            dengan ketinggian 215 m dan luas area                              98%                  96%
                                                            dijual sebesar 41.407 m2

                                                            A 47-storey strata office building with a height                   Occupancy Rate:      Occupancy Rate:
                                                            of 215 m and a saleable area of up to 41,407                       98%                  96%
                                                            sqm
                                   Wisma Bakrie 1           Gedung perkantoran 8 lantai dengan luas              Jakarta       Tingkat Okupansi:    Tingkat Okupansi:
                                                            area sewa 11.410 m2                                                65%                  65%

                                                            An 8-storey office building with a leasable                        Occupancy Rate:      Occupancy Rate:
                                                            space of 11,410 sqm                                                65%                  65%
                                   Wisma Bakrie 2           Gedung perkantoran 18 lantai dengan luas             Jakarta       Tingkat Okupansi:    Tingkat Okupansi:
                                   (Menara Bappenas)        area sewa 18.999 m2                                                98%                  98%

                                                            An 18-storey office building with a leasable                       Occupancy Rate:      Occupancy Rate:
                                                            space of 18,999 sqm                                                98%                  98%
                                   Apartemen the Sand       Apartemen 42 lantai dengan total 1.900               Jakarta       Tingkat Hunian:      Tingkat Hunian:
                                   & Coral                  unit yang berlokasi di kawasan Rasuna                              457 kepala           450 kepala
                                                            Epicentrum                                                         Keluarga             Keluarga

                                                            A 42-storey apartment building with a total of                     Occupancy Rate:      Occupancy Rate:
                                                            1,900 units located in the Rasuna Epicentrum                       457 Household        450 Household
                                                            area                                                               units                units


                                  PT GRAHA MULTI INSANI                                                 PT GRAHA MULTI INSANI
Bakrieland Laporan Tahunan 2024




                                  Pada tahun 2011, PT Graha Multi Insani (“GMI”) didirikan untuk        PT Graha Multi Insani (“GMI”) was established in 2011 to operate
                                  menjalankan kegiatan usaha di bidang pengembangan dan                 the property development and construction business. Projects
                                  pembangunan properti. Proyek yang dikembangkan GMI, antara            developed by GMI, among others, include Awana Townhouse
                                  lain Awana Townhouse dan Awana Condotel. Awana Townhouse              and Awana Condotel. The Awana Townhouse is a housing project
                                  merupakan proyek rumah tapak dengan 38 unit hunian eksklusif          with 38 exclusive residential units all sold to date. The Awana
                                  dimana seluruh unit hunian sudah terjual. Awana Condotel saat         Condotel is currently operated as the Alana Hotel & Conference
                                  ini telah dioperasikan sebagai The Alana Hotel & Conference           Center Malioboro Yogyakarta .
                                  Center Malioboro Yogyakarta.




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PT BAKRIE PANGRIPTA LOKAL                                               PT BAKRIE PANGRIPTA LOKAL
PT Bakrie Pangripta Loka (“BPL”) didirikan pada tahun 2008              PT Bakrie Pangripta Loka («BPL») was established in 2008 with
dengan kegiatan usaha di bidang pengembangan dan                        business activities in property development and construction.
pembangunan properti. Beberapa proyek yang dikembangkan                 Several projects developed by BPL, include the Sentra Timur
BPL di antaranya Apartemen Sentra Timur Residence (bekerja              Residence Apartment (in cooperation with PT Perumnas),
sama dengan PT Perumnas), Commercial Park, Perumahan                    Commercial Park, Mutiara Platinum Housing, as well as Grand
Mutiara Platinum, serta Grand Mutiara Platinum yang seluruhnya          Mutiara Platinum, which are all located in the integrated Sentra
berada di kawasan terintegrasi Sentra Timur Superblok.                  Timur Superblok compound.



KINERJA TAHUN 2024                                                      PERFORMANCE IN 2024

Secara umum kinerja seluruh properti di bawah kelolaan BPL              In general, the performance of all properties under BPL’s
dapat dilihat pada tabel di bawah ini:                                  management is described in the table below:


                                                                                                           Kinerja
        Properti                         Informasi                      Lokasi                           Performance
        Property                        Information                    Location
                                                                                               2024                        2023
 Sentra Timur              Kawasan     proyek    apartemen             Jakarta       Tingkat Hunian:             Tingkat Hunian:
 Residence (STR)           Rusunami dengan total menara                              2.356 kepala                2.331 kepala
                           yang sudah dibangun 7 menara                              Keluarga                    Keluarga
                           yang   berlokasi   di   kawasan
                           Pulogebang

                           Rusunami      apartment    project                        Occupancy Rate:             Occupancy Rate:
                           complex with 7 towers completely                          2,356 Household units       2,331 Household units
                           built, located in the Pulogebang
                           area


PT MUTIARA MASYHUR SEJAHTERA                                            PT MUTIARA MASYHUR SEJAHTERA
PT Mutiara Masyhur Sejahtera (“MMS”) didirikan pada tahun 2005          PT Mutiara Masyhur Sejahtera (“MMS”), established in 2005,
untuk berfokus menjalankan kegiatan usaha pengembangan                  is focused to carrying out the township development and
dan pembangunan Township Kahuripan Nirwana dengan total                 construction business activities of Kahuripan Nirwana with a
masterplan seluas 634 ha di Sidoarjo, Jawa Timur. Kawasan               total master plan area of 634 ha in Sidoarjo, East Java. Kahuripan
Kahuripan Nirwana terdiri dari beberapa cluster rumah, antara           Nirwana is a residential area consisting of several housing clusters,
lain The Gardin, Mora Grove, Monroe Grove, Kahuripan Park,              including the Gardin, Mora Grove, Monroe Grove, Kahuripan
Kahuripan Terrace, New Gardin. Kahuripan Nirwana juga                   Park, Kahuripan Terrace, and New Gardin. Kahuripan Nirwana
mengembangkan Apartemen Tamansari Prospero, yang                        also develops the Prospero Tamansari Apartment, a joint project
merupakan proyek kerja sama antara Perusahaan dengan BUMN.              between the Company and BUMN (State-Owned Enterprises).
Area komersial pendukung juga ikut dikembangkan seperti ruko            The supporting commercial areas are also developed, such
dan fasilitas umum lainnya untuk meningkatkan kenyamanan                as the shop houses and other public facilities, to increase the
bagi para penghuni.                                                     convenience of the residents.

Pada tahun 2024, Perseroan melalui Entitas Anak, MMS,                   In the year 2024, the Company through its subsidiary MMS,
                                                                                                                                                Bakrieland Annual Report 2024




menambah produk properti baru berupa hotel Aston Sidoarjo City          enhanced its presence with the new poperty product of Aston
Hotel & Conference Center (Aston Sidoarjo) dengan mekanisme             Sidoarjo City Hotel & Conference (Aston Sidoarjo) by an
pengambil alihan dari PT Graha Istana Nirwana (GIN) yang                acquisition mechanism from PT Graha Istana Nirwana (GIN) as
merupakan pemilik melalui konversi utang menjadi setoran modal.         owner through debt conversion into capital deposits.

Kinerja Aston Sidoarjo berada di atas industrinya. Hal ini tercermin    The performance of Aston Sidoarjo is at the top of the industry.
dari tingkat okupansi hotel yang tinggi, yakni 71% pada tahun           This is reflected in the hotel’s high occupancy rate, namely 71%
2024. Tingkat okupansi ini lebih baik dari tingkat okupansi rata-       for the year 2024. This occupancy rate was higher than the
rata hotel berbintang nasional di tahun 2024 yang berada di             average occupancy rate of national star hotels in 2024 noted


                                                                                                                                                109
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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  kisaran 55-60 %. Dengan masuknya Aston Sidoarjo ke dalam          at the range of 55-60%. With Aston Sidoarjo in the Company
                                  portfolio hotel Perseroan, diharapkan semakin memperkuat          hotel portfolio, it is hoped that it will help strengthen MMS’s
                                  pendapatan berulang (recurring) MMS.                              recurring income.

                                  Selain itu, MMS melanjutkan pengembangan sektor 2 dengan          Apart from that, MMS continued with the development of sector-2
                                  total seluas 22 Ha yang dimulai dengan peluncuran cluster baru    with a total area of 22 ha, which started with the launching
                                  bernama Veranda Tahap I yang terdiri dari 87 unit rumah           of the new cluster named Veranda Stage I that consists of 87
                                                                                                    housing units.



                                  FOKUS STRATEGI TAHUN 2024                                         STRATEGY FOCUS IN 2024

                                  Kinerja properti perumahan tapak relatif stabil pada tahun 2024   The housing property sector performance in Sidoarjo seemed
                                  di Sidoarjo, walaupun di sisi lain penjualan apartemen belum      relatively stable in 2024, although, on the other hand, apartment
                                  menunjukkan tanda-tanda pemulihan yang kuat sejak pandemi         sales have yet to show strong signs of recovery since the end
                                  berakhir.                                                         of the pandemic.

                                  Dalam rangka memaksimalkan kinerja bisnis di tengah berbagai      In the effort to maximize business performance amidst various
                                  tantangan yang dihadapi, MMS memulai pengembangan sektor 2        challenges faced, MMS began to develop the sector-2 complex
                                  yang akan mengembangkan perumahan, ruko dan area komersial.       of housing units, shop houses, and commercial areas. To optimize
                                  Untuk mengoptimalkan pengembangan, MMS terus menjalin             its development, MMS continuously retains good cooperation
                                  kerja sama yang baik bersama perbankan di wilayah Sidoarjo        with the banking sector in Sidoarjo and Surabaya areas. MMS
                                  dan Surabaya. Tidak luput MMS berfokus untuk mewujudkan           remains focused on actualizing its commitment to fulfilling its
                                  komitmen pemenuhan tanggung jawab kepada para pembeli             responsibilities to buyers to ensure that every customer receives
                                  untuk memastikan setiap pelanggan telah mendapatkan kualitas      good product quality when building handover takes place.
                                  produk yang baik saat serah terima bangunan dilakukan.

                                  Selain itu, MMS memperkuat keuangan dengan penambahan             In addition, MMS strengthens the financial position with its
                                  produk hotel, Aston Sidoarjo, yang akan memberikan pendapatan     additional hotel, namely Aston Sidoarjo, that will contribute
                                  berulang bagi Perusahaan.                                         recurring income for the Company.



                                  TANTANGAN DAN MITIGASI                                            CHALLENGES AND MITIGATION

                                  MMS menghadapi sejumlah tantangan dari luar Perusahaan            MMS faced a number of challenges from outside the Company
                                  yang cukup besar seperti menurunnya daya beli masyarakat dan      that were quite immense, such as the decline of the public’s
                                  tingginya suku bunga pinjaman sejalan dengan kenaikan BI rate     purchasing power and the high loan interest rates in line with
                                  selama 2024. Tantangan persaingan usaha juga semakin ketat        the increase in the BI rate during the year 2024. The challenge in
                                  dengan banyaknya perusahaan properti yang turut meluncurkan       business competition was increasingly tight with many developers
                                  produk properti baru.                                             engaged in launching new property products.

                                  Dalam mengantisipasi berbagai tantangan ini, MMS                  In anticipating such various challenges, MMS maintains its
Bakrieland Laporan Tahunan 2024




                                  mempertahankan daya saingnya dengan mengembangkan                 competitiveness by developing an innovative and attractive
                                  proyek perumahan yang inovatif dan menarik dengan konsep          housing project with a concept that integrates technology and
                                  memadukan antara teknologi dan lingkungan hidup serta desain      the environment as well as an up-to-date building design. In
                                  bangunan yang kekinian. Selain itu, harga yang ditetapkan         addition, prices were set competitive, applying above-the-line
                                  kompetitif, menerapkan juga strategi promosi above the line       and below-the-line promotion strategies, as well as optimizing
                                  dan bellow the line, serta mengoptimalkan digital sebagai media   digitalization as the media to introduce the products to a wider
                                  memperkenalkan produk dengan lebih luas.                          audience.




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KINERJA TAHUN 2024                                                     PERFORMANCE IN 2024

Secara umum kinerja seluruh properti di bawah kelolaan MMS             The performance of all the properties under the management
dapat dilihat pada tabel di bawah ini:                                 of MMS is shown in the table below:


                                                                            Lokasi                          Kinerja
      Properti                          Informasi                          Location                       Performance
      Property                         Information
                                                                                                 2024                    2023
 Cluster Kahuripan     Cluster rumah dengan 282 unit di dalam area         Sidoarjo,    Tingkat Penjualan:      Tingkat Penjualan:
 Terrace               seluas 6 ha                                        Jawa Timur    100%                    99%

                       A housing cluster of 262 units within a 6 ha        East Java    Sales:                  Sales:
                       area                                                             100%                    99%
 Cluster Veranda       Cluster rumah dengan 108 unit di dalam area         Sidoarjo,    Tingkat Penjualan:               N/A
                       seluas 6 ha                                        Jawa Timur    16%

                       A housing cluster of 108 units within a 6 ha        East Java    Sales:
                       area                                                             16%
 Aston Sidoarjo        Hotel berbintang empat yang memiliki 122            Sidoarjo,    Tingkat Okupansi:       Tingkat Okupansi:
                       kamar serta dilengkapi dengan berbagai             Jawa Timur    71%                     71%
                       fasilitas seperti ballroom, 3 ruang meeting,
                       spa, 2 kolam renang, gym, dan restoran.

                       A four-star hotel with 122 rooms complete           East Java    Occupancy Rate:         Occupancy Rate
                       with such various facilities as a ballroom, 3                    71%                     71%
                       meeting rooms, a spa, 2 swimming pools, a
                       gym and a restaurant
 Taman Sari Prospero   Apartemen dengan rencana 3 tower dengan             Sidoarjo,    Tingkat Penjualan:      Tingkat Penjualan:
                       total 1.379 unit                                   Jawa Timur    86% (TW1)               86% (TW1)
                                                                                        57% (TW2)               57% (TW2)

                       An apartment complex with a master plan of          East Java    Sales:                  Sales:
                       3 towers and a total of 1,379 units                              86% (TW1)               86% (TW1)
                                                                                        57% (TW2)               57% (TW2)
 Kahuripan Nirwana     Pengembangan Township Kahuripan                     Sidoarjo,    Tingkat Hunian:         Tingkat Hunian:
                       Nirwana dengan total masterplan seluas             Jawa Timur    2.868 kepala            2.489 kepala
                       634 ha                                                           Keluarga                Keluarga

                       A township development of Kahuripan                 East Java    Occupancy Rate:         Occupancy Rate:
                       Nirwana with a master plan area of 634 ha                        2,868 Household         2,489 Household
                                                                                        units                   units



PENGHARGAAN TAHUN 2024                                                 AWARDS IN 2024

            Properti                                  Penghargaan                                Pihak Pemberi Penghargaan
                                                                                                                                     Bakrieland Annual Report 2024




            Property                                     Award                                    Party Presenting the Award
The Grove Suites                   Tripadvisor Travellers’ Choice Awards 2024 Winner                       Tripadvisor
                                   Traveller Review Awards 2024                                           Booking.com
                                   2nd Highest Guest Review Index (GRI)                           Archipelago International
                                   Score YTD 2024
The Alana Malioboro                Gold Category in Indonesia Sustainable                                    CFCD
                                   Development Goals Award (ISDA) 2024
                                   HR Leaders Award for Upscale Hotels                            Archipelago International
                                   Best Audit Score - Finance



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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  PT GRAHA ANDRASENTRA PROPERTINDO TBK                               PT GRAHA ANDRASENTRA PROPERTINDO TBK
                                  PT Graha Andrasentra Propertindo Tbk (“GAP”) didirikan pada        PT Graha Andrasentra Propertindo Tbk (“GAP”), established in
                                  tahun 1988 yang berfokus menjalankan kegiatan usaha di bidang      1988, focuses its business activities on property and recreational
                                  properti dan taman rekreasi. GAP mengelola kawasan Bogor           parks. GAP manages the Bogor Nirwana Residence (BNR), that
                                  Nirwana Residence (BNR) yang terdapat beberapa property            consists of several properties and recreational parks, including
                                  dan taman rekreasi antara lain The Jungle Waterpark, Rivera        The Jungle Waterpark, Rivera Outbound & Edutainment, and
                                  Outbound & Edutainment, dan Aston Bogor Hotel and Resort.          Aston Bogor Hotel and Resort.

                                  Secara keseluruhan di tahun 2024, GAP menilai kondisi              Overall in 2024, GAP regarded the property industry conditions
                                  industri properti di area Bogor relatif lebih baik dibandingkan    in Bogor areas as relatively better compared to the previous
                                  tahun sebelumnya. Sinyal perbaikan tersebut didukung oleh          year. Signs of improvement were endorsed by the accumulative
                                  akumulasi demand yang terbentuk selama pandemi berlangsung         demands that formed during the pandemic that occurred for
                                  hampir tiga tahun lamanya. Akan tetapi kinerja yang diberikan      almost three years. However, the performance provided in 2024
                                  belum maksimal di tahun ini karena membutuhkan waktu untuk         was not optimal, as it would take time to reintroduce housing
                                  memperkenalkan kembali produk perumahan di area BNR.               products in the BNR area.



                                  FOKUS STRATEGI TAHUN 2024                                          STRATEGY FOCUS IN 2024

                                  Pada tahun 2024, fokus pengelolaan bisnis GAP tertuju pada         In the year 2024, the focus of GAP’s business management was
                                  inisiatif pengembangan taman rekreasi baru, peluncuran cluster     aimed at the development initiatives for a new recreational park,
                                  hunian baru, peningkatan kinerja operasional dari aset existing,   a new residential cluster launching, improvement in operational
                                  dan melanjutkan efisiensi usaha. Berikut ini adalah implementasi   performance from existing assets, and continuation of business
                                  strategi yang telah dilaksanakan GAP di masing-masing properti     efficiency. Following is the strategy implementation carried out
                                  sepanjang tahun 2024, yaitu:                                       by GAP in each property during the year 2024:

                                  1.   Pengembangan Produk                                           1.   Product Development
                                       a. Mengembangkan taman rekreasi dengan konsep yang                 a. Develop a recreational park with a unique concept and
                                          unik dan disukai oleh semua umur.                                  attractive to all ages.
                                       b. Untuk proyek perumahan, pengembangan difokuskan ke              b. For a housing project, development is focused on the
                                          segmen menengah yang memiliki potensi pasar cukup                  middle-class segment with vast market potential.
                                          besar

                                  2. Operasional                                                     2. Operational
                                     Efisiensi biaya operasional dengan mengacu kepada best             Operational cost efficiency with reference to best practices
                                     practices

                                  3. Keuangan                                                        3. Finance
                                     Melakukan restrukturisasi hutang bank                              Restructuring of bank loans

                                  4. Pemasaran Perumahan                                             4. Housing Marketing
                                     a. Bekerjasama dengan agen untuk memasarkan produk;                a. Cooperation with agents to market products;
Bakrieland Laporan Tahunan 2024




                                     b. Membuka booth di lokasi strategis untuk dapat                   b. Set up booths at strategic locations to offer products;
                                        menawarkan produk;
                                     c. Secara aktif mempromosikan melalui media offline dan              c. Actively promote through offline media and social media.
                                        media sosial.

                                  5. Pemasaran Hotel                                                 5. Hotel Marketing
                                     a. Hotel menjalankan berbagai strategi pricing untuk kamar         a. The Hotel carries out pricing strategies for rooms and
                                        dan paket meeting guna meningkatkan pendapatan hotel;              meeting packages in order to increase the hotel’s income;




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   b. Melanjutkan pemaparan pengetahuan secara umum                    b. Continue the general knowledge presentation to domestic
      kepada kalangan domestik dan ekspatriat di perusahaan               and expatriate circles in multinational companies to
      multi nasional untuk mencapai potensial bisnis baik pada            achieve business potential in both short and long terms;
      jangka pendek maupun jangka panjang;
   c. Memaksimalkan pendapatan dengan menawarkan                       c. Maximize income by offering various overnight packages
      berbagai paket menginap untuk segmen tamu keluarga;                 for the family guest segment;
   d. Menawarkan promosi food and beverages untuk                      d. Offer food and beverage promotions to increase hotel
      meningkatkan pendapatan hotel;                                      income;
   e. Menambah fasilitas untuk tamu di akhir pekan untuk               e. Additional facilities for guests on the weekends to attract
      menarik perhatian pengunjung; dan                                   visitors; and
   f. Secara aktif mempromosikan fasilitas dan kegiatan-               f. Actively promote hotel facilities and activities through
      kegiatan hotel melalui media online, media offline dan              online media, offline media, and social media.
      media sosial.

6. Taman Rekreasi                                                  6. Recreational Parks
   a. Meneruskan promo reguler, seperti ulang tahun, KTP,             a. Continue regular promotion, such as on birthdays,
      promo bulanan;                                                     personal identification, monthly promotion;
   b. Memberlakukan tactical promo melalui media sosial, dan          b. Apply tactical promotion through social media, and
      situs web;                                                         websites;
   c. Promo kerja sama merchant;                                      c. Joint promotion with merchants;
   d. Melakukan pameran;                                              d. Conduct exhibitions;
   e. Publikasi melalui media massa, media sosial, banner,            e. Carry out publication through mass media, social media,
      dan iklan; dan                                                     banner and advertisement; and
   f. Flyering/Voucher.                                               f. Flyer/Voucher.



TANTANGAN DAN MITIGASI                                             CHALLENGES AND MITIGATION

Dalam mengelola seluruh properti yang dimiliki, GAP dihadapkan     In managing all properties under its ownership, GAP faced
dengan sejumlah tantangan eksternal yang terjadi di luar kendali   numerous external challenges that occured outside of the
Perusahaan, seperti kenaikan harga bahan baku bangunan yang        Company’s control, such as the price of raw building materials
pada gilirannya memicu kenaikan harga jual properti, serta         that eventually triggered property price increases, as well as the
tingginya suku bunga pinjaman sejalan dengan kenaikan BI           high loan interest rates in line with the increase in the BI rate
rate selama 2024. Di sisi lain GAP juga menghadapi tantangan       during the year 2024. On the other hand, GAP also faced the
persaingan usaha yang semakin ketat dengan perusahaan              challenges of the increasingly tight business competition with
properti lainnya.                                                  other property companies.

Sebagai bentuk respons atas situasi yang dihadapi, GAP berusaha    As a form of response to the situations faced, GAP strived to
mempertahankan daya saingnya dengan mengembangkan aset             maintain its competitiveness by developing assets or innovative
atau proyek-proyek yang inovatif dan menarik misalnya dengan       and attractive projects, for example, by generating a more
menghadirkan desain bangunan yang lebih impresif, melakukan        impressive building design, rejuvenating and adding new rides,
peremajaan dan penambahan wahana baru, hingga menawarkan           offering competitive prices and implementing bundling package
harga yang kompetitif dan menerapkan strategi promosi paket        promotion strategies. Other matters that also caught the attention
                                                                                                                                        Bakrieland Annual Report 2024




bundling. Hal lain yang juga menyita perhatian GAP di tahun        of GAP in 2024 were the high cost of marketing that required
ini adalah mahalnya biaya pemasaran sehingga menuntut GAP          GAP to be able to optimize digital marketing strategies that are
untuk lebih bisa mengoptimalkan strategi digital marketing yang    less expensive but proven to be effective in reaching widely for
biaya lebih murah namun terbukti efektif dalam menjangkau          potential customers.
calon pelanggan dengan sangat luas.




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  KINERJA TAHUN 2024                                                   PERFORMANCE IN 2024

                                  Secara umum kinerja seluruh properti di bawah kelolaan GAP           In general, the performance of all properties under the
                                  dapat dilihat pada tabel di bawah ini:                               management of GAP is shown in the table below:


                                                                                                                                             Kinerja
                                           Properti                        Informasi                            Lokasi                     Performance
                                           Property                       Information                          Location
                                                                                                                                  2024                   2023
                                   Taman Rekreasi
                                   Recreational Park
                                   The Jungle Water    Taman rekreasi berupa wahana permainan                    Bogor,     Total Pengunjung:     Total Pengunjung:
                                   Adventure Park      air dengan konsep family edutainment dan                Jawa Barat        794.942               699.214
                                                       natural di atas lahan seluas 3,9 ha

                                                       A recreational park in the form of water rides with     West Java      Total Visitors:       Total Visitors:
                                                       a family edutainment and nature concept on a 3.9                         794,942               699,214
                                                       ha area
                                   Rivera Outbound &   Taman rekreasi dengan konsep outbound yang                Bogor,
                                   Edutainment         memberikan edukasi dan petualangan alam di              Jawa Barat
                                                       atas lahan seluas 2,9 ha dan akan memiliki 15
                                                       wahana dan atraksi untuk keluarga atau semua
                                                       kalangan usia

                                                       A recreational park with an outbound concept that       West Java
                                                       provides education and adventure of nature on 2.9
                                                       ha of land and will have 15 rides and attractions for
                                                       familes or all ages
                                   Hotel
                                   Aston Bogor         Hotel bintang 4 yang memiliki 4 (empat) menara            Bogor,     Tingkat Okupansi:     Tingkat Okupansi:
                                   Hotel and Resort    dan berdiri di atas lahan seluas 3,5 ha. Dikelola       Jawa Barat         67%                   74%
                                                       dengan standar pengelolaan Aston Archipelago
                                                       International Indonesia

                                                       A 4-star hotel with 4 (four) towers that stand on       West Java    Occupancy Rate:       Occupancy Rate:
                                                       3.5 ha of land, managed with Aston Archipelago                            67%                   74%
                                                       International Indonesia management standards
                                   Apartemen
                                   Apartment
                                   Apartemen J.Sky     Terdiri dari 2 (dua) wing, yaitu Azure (264 unit) dan     Bogor,     Tingkat Penjualan:    Tingkat Penjualan:
                                                       Balfour (188 unit).                                     Jawa Barat          10%                   11%

                                                       Consists of 2 (two) wings, namely Azure (264 units)     West Java          Sales:                 Sales:
                                                       and Balfour (188 units)                                                     10%                    11%
                                   Perumahan
                                   Housing
                                   Bogor Nirwana       Kawasan hunian terpadu dan terbesar                       Bogor,      Tingkat Hunian:       Tingkat Hunian:
Bakrieland Laporan Tahunan 2024




                                   Residence           di Kota Bogor dengan segmen menengahatas,               Jawa Barat     2.703 kepala          2.674 kepala
                                                       yang terdiri dari kawasan perumahan                                      keluarga              keluarga
                                                       (cluster) dan komersial (ruko di Orchard
                                                       Walk dan Jungle Mall)

                                                       The integrated and largest residential compound         West Java    Occupancy Rate:       Occupancy Rate:
                                                       in the City of Bogor for the middle-upper segment,                   2,703 Household       2,674 Household
                                                       consisting of housing clusters and commercial                              units                 units
                                                       areas (shop-houses at the Orchard Walk and
                                                       Jungle Mall)




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PENGHARGAAN TAHUN 2024                                             AWARDS IN 2024

                 Properti                                  Penghargaan                          Pihak Pemberi Penghargaan
                 Property                                     Award                              Party Presenting the Award
 Kawasan Bogor Nirwana Residence            Silver Category for Anorganic Waste CFCD
 Bogor Nirwana Residence Area               (CSR Program)
 Aston Bogor Hotel & Resort                 4th Highest Total Revenue YTD 2024           Aston International
                                              nd
                                            2 Highest Guest Review Index Score YTD
                                            2024
                                            Travellers Review Awards 2024                Booking.com
 The Jungle Waterpark Bogor                 Top Brand Award 2024                         Majalah Marketing dan Frontier
                                                                                         Marketing and Frontier Magazine


PT KRAKATAU LAMPUNG TOURISM                                        PT KRAKATAU LAMPUNG TOURISM DEVELOPMENT
DEVELOPMENT
PT Krakatau Lampung Tourism Development (“KLTD”) didirikan         PT Krakatau Lampung Tourism Development (“KLTD”), established
pada tahun 2007 untuk menjalankan pengelolaan di kawasan           in 2007 to manage the Kalianda Nirwana Resort (KNR) area,
Kalianda Nirwana Resort (KNR), Kalianda, Lampung Selatan.          Kalianda, South Lampung. Until the end of the year 2024, the
Hingga akhir 2024, di dalam kawasan terdapat Hotel dan             area encompasses the Grand Elty Krakatoa (GEK) Hotel and
Resort Grand Elty Krakatoa (GEK), Taman dan Rekreasi Pantai,       Resort, Beach Park and Recreation, and Glamour Camping.
dan Glamour Camping.

Perkembangan sektor properti di Provinsi Lampung mulai             Development of the property sector in the Province of Lampung
menunjukkan tren positif di tahun 2024, terutama untuk yang        began to show a positive trend in 2024, especially as it offers
menawarkan area sebagai destinasi wisata. Jumlah wisatawan         the area as a tourist destination. The number of tourists that
yang menuju ke Lampung Selatan selama tahun 2024 menurut           visited South Lampung during the year 2024, according to the
Dinas Pariwisata tercatat mencapai 1.486.743 orang, meningkat      Tourism Office, was recorded to have reached 1,486,743 visitors,
signifikan dibandingkan tahun sebelumnya yang hanya mencapai       a significant increase compared to the 676,486 visitors in the
676.486 orang                                                      previous year.



FOKUS STRATEGI TAHUN 2024                                          STRATEGY FOCUS IN 2024

Pada tahun 2024, KLTD telah mengeksekusi sejumlah strategi         In the year 2024, KLTD executed a number of business strategies
bisnis yang dinilai efektif untuk mendorong peningkatan kinerja,   regarded as effective in driving performance improvement, among
antara lain:                                                       others, are as follows:

1. Pengembangan Produk                                             1.   Product Development
   Menciptakan produk buatan sendiri dari kreasi tie-dye seperti        Created homemade products from tie-dye creations such
   shooping bag, kemeja, sajadah dan sarung bantal                      as shopping bags, shirts, prayer mats, and pillow cases.

2. Operasional                                                     2. Operational
                                                                                                                                           Bakrieland Annual Report 2024




   Memastikan semua fasilitas yang ada di Grand Elty berfungsi        Ensured that all facilities existing at Grand Elty are functioning
   dengan baik, seperti kamar, toilet, ruang meeting dengan cara      well, such as the rooms, toilets, and meeting rooms, by
   adanya pemeliharaan bersifat antisipasi yang dijadwalkan           means of an anticipative maintenance program scheduled
   secara rutin serta memastikan seluruh area hotel terawat           on a regular basis, and ensured that all hotel areas are well
   dan bersih.                                                        maintained and clean.




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  3. Keuangan                                                          3. Finance
                                     Tetap menjaga biaya agar Gross Operating Profit (GOP) per            Maintained costs so that monthly Gross Operating Profit
                                     bulannya bisa di angka 40%.                                          (GOP) is retained at 40%.

                                  4. Pemasaran                                                         4. Marketing
                                     Memperluas area pemasaran ke Palembang, Jakarta dan                  Expanded marketing areas to Palembang, Jakarta, and
                                     Tangerang                                                            Tangerang.

                                  5. Sumber Daya Manusia (SDM)                                         5. Human Resources (HR)
                                     Training Rutin setiap Minggunya agar menciptakan SDM yang            Routine training every week so as to generate competent
                                     berkompetensi di bidang pariwisata, khususnya di bidang              HR in tourism, specifically in hotels and resorts.
                                     hotel and resort



                                  TANTANGAN DAN MITIGASI                                               CHALLENGES AND MITIGATION

                                  Ditengah peningkatan signifikan jumlah wisatawan, KLTD               In the midst of a significant increase in the number of tourists,
                                  mengalami tantangan yang cukup tinggi. Adapun tantangan              KLTD experienced quite excessive challenges. The challenges
                                  dan mitigasi yang dilakukan oleh KLTD adalah sebagai berikut:        and mitigation efforts carried out by KLTD are as described below:
                                  a. Isu akan terjadinya gempa megathrust membuat kehilangan           a. The issue of a megathrust earthquake causing a loss of
                                      potensi bisnis dimana tamu grup yang sudah reservasi                  business potential where group guests who already made
                                      membatalkan reservasinya. Untuk mengantisipasi isu tersebut           reservations cancelled their reservations. To anticipate this
                                      langkah-langkah yang diambil adalah sebagai berikut:                  issue, steps taken are as follows:
                                      • Memberikan penjelasan kepada tamu bahwa posisi dan                  • Provided an explanation to guests that the geographic
                                          letak geografis hotel aman                                            position and location of the hotel are in a safe zone.
                                      • Membuat video simulasi pelatihan penanggulangan                     • Prepared a training simulation video for guests to be
                                          bencana alam untuk tamu agar yakin terhadap kesiapan                  confident in the hotel’s readiness and safety evacuation
                                          dan proses evakuasi keselamatan hotel terhadap                        process on natural disasters.
                                          bencana alam
                                      • Melakukan safety briefing sebelum kegiatan tamu dimulai,           •   Conducted a safety briefing before guests’ activities
                                          dengan menjelaskan jalur-jalur evakuasi yang ada di                  started, by providing an explanation on evacuation routes
                                          hotel, serta titik assembly point yang ada di dalam hotel.           and assembly points set out in the hotel premises.

                                  b. Adanya penurunan permintaan meeting dari Instansi                 b. The decline in meeting demand by Government Offices in the
                                     Pemerintah dalam rangka penghematan anggaran                         context of government budget efficiency, KLTD anticipated
                                     pemerintah. KLTD mengantisipasinya dengan memperluas                 this by extending efforts to expand the target markets,
                                     target pasar, antara lain:                                           including the following:
                                     • Instasi Pemerintah yang lebih aktif melakukan meeting              • More active Government Offices to hold meetings
                                     • Segmen corporate                                                   • Corporate segment
                                     • Komunitas-komunitas seperti sekolah, perkumpulan mobil             • Communities such as schools, automobile and motorcycle
                                         atau motor, wedding atau arisan                                      clubs, wedding or gathering groups
Bakrieland Laporan Tahunan 2024




                                  c. Kompetitor yang semakin banyak. KLTD mengantisipasinya            c. The increasing number of competitors. KLTD anticipated this
                                     dengan cara sebagai berikut:                                         by means of the following:
                                     • Menciptakan hal-hal yang baru di hotel                             • Creating new things at the hotel
                                     • Menjual keindahan alam yang hotel miliki, dengan cara              • Selling the natural beauty existing at the hotel, by way
                                        mendapatkan experience yang lebih daripada di tempat                 of obtaining more experience than anywhere else
                                        lain
                                     • Menambah benefit-benefit tamu baik yang stay di hotel               •   Adding benefits for guests staying at the hotel or those
                                        ataupun yang hanya berkunjung ke pantai                                who only visit the beach




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KINERJA TAHUN 2024                                                  PERFORMANCE IN 2024

Secara umum kinerja seluruh properti di bawah kelolaan KLTD         The performance of all the properties under KLTD management
dapat dilihat pada tabel di bawah ini:                              is generally described in the following table:


                                                                                                           Kinerja
                Properti                         Informasi             Lokasi                            Performance
                Property                        Information           Location
                                                                                              2024                      2023
 Grand Elty     Hotel yang memiliki 46 kamar dan 36 vila             Kalianda,       Tingkat Okupansi:         Tingkat Okupansi:
 Krakatoa       berlokasi di kawasan Kalianda Nirwana Resort         Lampung         48%                       55%
                                                                      Selatan

                Hotel with 46 rooms and 36 villas located in the   South Lampung     Occupancy Rate:           Occupancy Rate:
                Kalianda Nirwana Resort area                                         48%                       55%
 Park &         Pantai yang terletak di dalam kawasan Kalianda       Kalianda,       Total Pengunjung:         Total Pengunjung:
 Recreation     Nirwana Resort dengan berbagai fasilitas             Lampung         148.021                   36.714
                pendukung yang lengkap untuk berekreasi               Selatan

                A beach situated within the Kalianda Nirwana       South Lampung     Total Visitors:           Total Visitors:
                Resort area with complete supporting facilities                      148,021                   36,714
                for recreation


PENGHARGAAN TAHUN 2024                                              AWARDS IN 2024
                Properti                                    Penghargaan                         Pihak Pemberi Penghargaan
                Property                                       Award                            Party Representing the Award
 PT Krakatau Lampung Tourism                 Piagam Penghargaan Apresiasi atas                         Pemerintah Lampung
 Development                                 Dukungan Program Pemerintah Lampung

                                             Appreciation Award Charter for Supporting             Government of Lampung
                                             Lampung Government Programs
 PT Krakatau Lampung Tourism                 Silver Category for Mangrove Conservation                       CFCD
 Development                                 (CSR Program)


PT BAKRIE NIRWANA REALTY                                            PT BAKRIE NIRWANA REALTY
Sejak tahun 2014, unit usaha PT Bakrie Nirwana Realty (“BNR”)       Since the year 2014, PT Bakrie Nirwana Realty (BNR) business
menjalankan kegiatan usaha di bidang pembangunan dan                unit has carried out business activities in residential property
pengelolaan properti residensial. Sebagai pengembang, BNR           development and management. As a developer, BNR plans
merencanakan pengembangan yang simultan antara proyek               to simultaneously develop big-scale projects (townships) and
skala besar (township) dan proyek perumahan skala menengah.         middle-scale housing projects.

Secara umum kinerja penjualan properti untuk kelompok               In general, the property sales performance for the middle-lower
menengah ke bawah di tahun 2024 belum secara optimal                groups in 2024 has not optimally shown signs of improvement.
menunjukkan tanda-tanda perbaikan. Hal ini terjadi karena           This occurred because most of the funding methods used by
sebagian besar metode pendanaan yang digunakan konsumen             consumers for this segment rely on mortgages. Unfortunately, the
                                                                                                                                       Bakrieland Annual Report 2024




untuk segmen ini mayoritas mengandalkan KPR. Sayangnya,             impact of the BI rate increase that occurred from the year 2022
dampak kenaikan BI rate yang telah berlangsung sejak tahun          until 2024 has affected the middle-lower segment’s purchasing
2022 sampai 2024 telah mempengaruhi daya beli masyarakat            power.
segmen menengah ke bawah.




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  FOKUS STRATEGI TAHUN 2024                                             STRATEGY FOCUS IN 2024

                                  Fokus utama pengelolaan bisnis BNR di tahun ini adalah                The main focus of BNR’s business management in 2024 was
                                  peningkatan kualitas produk perumahan dengan perubahan                the quality improvement in the housing products with changes
                                  pada fasad dan warna dan fokus target market melalui media            in the facade and color, and the focus on the target market
                                  sosial, efisiensi perusahaan dengan penempatan karyawan yang          through social media, corporate efficiency by appointing the
                                  tepat guna dan mempunyai beberapa expertise. Untuk itu, BNR           right selected employees in the right place, and having several
                                  telah mengeksekusi sejumlah strategi dan inisiatif strategis yang     areas of expertise. For this purpose, BNR executed a number
                                  diyakini efektif meningkatkan kinerja Perusahaan, antara lain:        of strategies and strategic initiatives believed to be effective
                                                                                                        in improving the Company’s performance, among others, are
                                                                                                        as follows:

                                  1.   Pengembangan Produk                                              1.   Product Development
                                       Perubahan fasad dan kualitas bangunan yang sesuai dengan              Changed in facade and quality of buildings according to
                                       trend saat ini                                                        current trends

                                  2. Operasional                                                        2. Operational
                                     Melakukan efisiensi operasional perusahaan                            Conducted operational efficiency in the company

                                  3. Pemasaran                                                          3. Marketing
                                     a. Re-branding produk dari “Bumi Tirta Pakuan” menjadi                a. Product rebranding from ’Bumi Tirta Pakuan’ to ’Bumi
                                        “Bumi Pakuan”                                                         Pakuan’Strengthened the in-house Sales team to support
                                                                                                              sales activities
                                       b. Memperkuat tim Sales in-house untuk menunjang aktivitas          b. Strengthened the in-house Sales team to support sales
                                          sales                                                               activities
                                       c. Memperkuat program marketing and communcation                    c. Strengthened the marketing and communication
                                          melalui digital marketing seperti pembaharuan Website,              programs through digital marketing, such as revamping
                                          iklan digital, penjualan metode live di media sosial selama         the website, digital advertisement, and live-method selling
                                          4-6 jam sehari.                                                     through social media for 4-6 hours a day
                                       d. Memperkenalkan kelebihan lokasi kepada para potensi              d. Introduced the excessive locations to potential consumers
                                          konsumen.
                                       e. Bekerjasama dengan Marketing Agent                                 e. Cooperation with marketing agents
                                       f. Program referal karyawan grup bakrie                               f. Bakrie Group’s employees referral program
                                       g. Program diskon khusus karyawan grup Bakrie                         g. Bakrie Group employees special discount program

                                  4. SDM                                                                4. Human Resources
                                     Untuk efisiensi Perseroan, BNR menerapkan strategi yang               For the Company’s efficiency, BNR implemented a strategy
                                     berfokus pada pemenuhan kebutuhan SDM untuk operasional               that focuses on fulfilling HR needs for project operations,
                                     project, sementara kebutuhan lain dipenuhi melalui sinergi            while other needs were met through synergy with other
                                     dengan Unit Usaha Perseroan lainnya.                                  Company Business Units.
Bakrieland Laporan Tahunan 2024




                                  TANTANGAN DAN MITIGASI                                                CHALLENGES AND MITIGATION

                                  Tantangan terbesar yang dihadapi BNR dalam menjalankan                The biggest challenge faced by BNR in carrying out its business
                                  bisnisnya sepanjang 2024 adalah menjembatani antara pemulihan         throughout the year 2024 was bridging between economic
                                  ekonomi pasca pandemi dan pemenuhan atas target penjualan             recovery post-pandemic and fulfilling the set sales targets.
                                  yang telah ditetapkan.

                                  Sebagai upaya mitigasi atas tantangan yang dihadapi, BNR              As a mitigation effort to face these challenges, BNR implemented
                                  menerapkan strategi dengan subsidi DP sebesar 5% dan biaya-           the strategy of subsidizing the 5% down payment and costs
                                  biaya terkait sertifikat ditanggung BNR dengan harapan bisa           related to certification to be borne by BNR with the hope of


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menjadi katalis untuk mempercepat penjualan dan posisi BNR      being able to catalyze sales acceleration and BNR’s more
menjadi lebih kompetitif dibandingkan dengan kompetitor.        competitive positioning compared to competitors. However,
Namun pemulihan ekonomi pasca pandemi tidak secepat yang        economic recovery post-pandemic did not occur as quickly as
diperkirakan oleh BNR sehingga strategi penjualan belum dapat   expected by BNR that sale strategies did not reach expectations.
mencapai ekspektasi yang diinginkan.



KINERJA TAHUN 2024                                              PERFORMANCE IN 2024

Secara umum, kinerja seluruh proyek perumahan di bawah          In general, the performance of all housing projects under the
kelolaan BNR:                                                   management of BNR is as follows:


                                                                                                 Kinerja
        Properti                 Informasi                 Lokasi                              Performance
        Property                Information               Location
                                                                                     2024                      2023
 Bumi Pakuan              Kawasan      perumahan           Bogor
 Bogor Tahap I            tahap I seluas 7,5 ha          Jawa Barat
                          (total 12,5 ha) dengan
                          jumlah 423 unit

                          The phase I residential          Bogor            Take Up Rate:             Take Up Rate:
                          area covers an area of​​        West Java         70%                       72%
                          7.5 ha (total 12.5 ha) with
                          a total of 423 units.




                                                                                                                                   Bakrieland Annual Report 2024




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  Tinjauan Keuangan
                                  Financial Review




                                  Analisis kinerja keuangan berikut disusun dengan mengacu pada
                                  Laporan Keuangan konsolidasian untuk tahun yang berakhir
                                  pada tanggal 31 Desember 2024 dan 2023 yang telah diaudit
                                  oleh KAP Y. Santosa & Rekan (a member of Praxity). Penyajian
                                  dan pengungkapan Laporan Keuangan konsolidasian Perseroan
                                  yang telah diaudit telah disusun dan dipresentasikan sesuai
                                  dengan Standar Akuntansi Keuangan di Indonesia.
Bakrieland Laporan Tahunan 2024




                                  The following financial performance analysis is prepared with
                                  reference to the consolidated Financial Statements for the years
                                  then ended December 31, 2024 and 2023 which have been audited
                                  by KAP Y. Santosa & Rekan (a member of Praxity). The presentation
                                  and disclosure of the Company’s audited consolidated Financial
                                  Statements have been prepared and presented in accordance with
                                  Indonesian Financial Accounting Standards.
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LAPORAN POSISI KEUANGAN                                               CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                         FINANCIAL POSITION

                                                                                                       dalam jutaan Rupiah | in million Rupiah

                                                                        Kenaikan
                                                                      (Penurunan)
              Aspek                    2024              2023                                 %                        Aspect
                                                                        Increase
                                                                       (Decrease)
 Total Aset Lancar                       1.621.212        2.431.035        (809.823)           -33,31%               Total Current Assets
 Total Aset Tidak Lancar                7.120.805         6.208.018          912.787              14,70%       Total Non-Current Assets
 Total Aset                             8.742.017        8.639.053          102.964                1,19%                      Total Assets
 Total Liabilitas Jangka Pendek         1.818.658        2.002.507         (183.849)              -9,18%      Total Short-term Liabilities
 Total Liabilitas Jangka                  899.144          505.301          393.843             77,94%         Total Long-term Liabilities
 Panjang
 Total Liabilitas                       2.717.802        2.507.808          209.994               8,37%                    Total Liabilities
 Total Ekuitas                         6.024.215          6.131.245         (107.030)             -1,75%                        Total Equity


Aset                                                                  Assets
Pada tanggal 31 Desember 2024, Perseroan mencatat total               As of December 31, 2024, the Company recorded total assets
aset sebesar Rp8.742 miliar, naik 1,19% dari tahun sebelumnya         amounting to Rp8,742 billion, increasing 1.19% from the same
sebesar Rp8.639 miliar. Kenaikan ini terutama disebabkan oleh         period in the prior year of Rp8,639 billion. Such an increase was
pengambilalihan PT Graha Istana Nirwana (GIN) oleh PT Mutiara         mainly due to the takeover of PT Graha Istana Nirwana (GIN) by
Masyhur Sejahtera (MMS), entitas anak Perseroan.                      PT Mutiara Masyhur Sejahtera (MMS), a subsidiary of the Company,

Aset Lancar                                                           Current Assets
Jumlah aset lancar Perseroan mengalami penurunan 33,31%,              The Company’s current assets decreased by 33.31%, from
dari Rp2.431 miliar pada akhir Desember 2023 menjadi sebesar          Rp2,431 billion at the end of December 2023 to Rp1,621 billion
Rp1.621 miliar di tahun ini. Penurunan tersebut terutama              this year. The decrease was mainly due to the reclassification
disebabkan oleh reklasifikasi dari aset lancar ke aset tidak lancar   of current assets to non-current assets totalling Rp781 billion
sebesar Rp781 miliar.

Aset Tidak Lancar                                                     Non-Current Assets
Perseroan mencatatkan nilai aset tidak lancar sebesar                 The Company recorded non-current assets totaling Rp7,121 billion,
Rp7.121 miliar, naik 14,70% dibandingkan tahun 2023 yang              increasing by 14.70% compared to 2023 at Rp6,208 billion. Such
sebesar Rp6.208 miliar. Kenaikan ini terutama disebabkan oleh         increase was mainly due to the reclassification of additional other
reklasifikasi penambahan piutang lain-lain sebesar Rp781 miliar       receivables amounting to Rp781 billion and fixed assets during
dan aset tetap selama tahun berjalan sebesar Rp376 miliar.            the current year totalling Rp376 billion.

Liabilitas                                                            Liabilities
Pada tanggal 31 Desember 2024, jumlah liabilitas Perseroan            As of 31 December 2024, the Company’s total liabilities were
dibukukan sebesar Rp2.718 miliar, mengalami kenaikan sekitar          recorded at Rp2,718 billion, an increase of approximately 8.37%
8,37% dari tahun sebelumnya yang senilai Rp2.508 miliar.              from the prior year at Rp2,508 billion. Such an increase was
                                                                                                                                                 Bakrieland Annual Report 2024




Kenaikan ini terutama berasal dari kenaikan utang bank.               mainly due to an increase in bank payables.

Liabilitas Jangka Pendek                                              Short-Term Liabilities
Perseroan mencatat adanya penurunan atas liabilitas jangka            The Company recorded a decrease in short-term liabilities of
pendek sebesar 9,18% dari tahun 2023 sebesar Rp2.003 miliar           9.18% from 2023 Rp2,003 billion to Rp1,819 billion this year. Such
menjadi Rp1.819 miliar di tahun ini. Penurunan ini terutama           decrease was mainly due to partial payment of bank payables and
berasal dari pembayaran sebagian utang bank dan pembiayaan            financing of musyarakah and loans from non-banking institutions
musyarakah dan pinjaman dari pihak selain bank sebesar Rp116          amounting to Rp116 billion and restructuring of bank payables
miliar dan restrukturisasi utang bank sehubungan dengan               in connection with the amendment of liabilities terms more than
perubahan jangka waktu pinjaman lebih dari 1 tahun.                   1 year.

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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  Liabilitas Jangka Panjang                                             Long-Term Liabilities
                                  Liabilitas jangka panjang juga mengalami kenaikan sebesar             Long-term liabilities also increased by 77.94% from the previous
                                  77,94% dari tahun sebelumnya sejumlah Rp505 miliar menjadi            year of Rp505 billion to Rp899 billion this year, This increase was
                                  Rp899 miliar di tahun ini. Kenaikan ini terutama berasal dari         mainly due to an increase in long-term bank debt, in connection
                                  kenaikan utang bank jangka panjang, sehubungan dengan                 with restructuring and changes in terms, additional disbursement
                                  restrukturisasi dan perubahan jangka waktu, penambahan                of principal loans and the takeover of GIN by MMS.
                                  pencairan pokok pinjaman dan pengambilalihan GIN oleh MMS.

                                  Ekuitas                                                               Equity
                                  Total ekuitas Perseroan di akhir Desember 2024 adalah sebesar         The Company’s total equity at the end of December 2024
                                  Rp6.024 miliar, turun 1,75% dari tahun 2023 yang tercatat sebesar     amounted to Rp6,024 billion, decreasing by 1.75% from 2023
                                  Rp6.131 miliar. Penurunan ini terutama berasal dari akumulasi         which was recorded at Rp6,131 billion. Such decrease was mainly
                                  kerugian Perseroan.                                                   due to the Company’s accumulated losses,

                                  LAPORAN LABA RUGI DAN                                                 CONSOLIDATED STATEMENTS
                                  PENGHASILAN KOMPREHENSIF LAIN                                         OF PROFIT OR LOSS AND OTHER
                                  KONSOLIDASIAN                                                         COMPREHENSIVE INCOMES
                                                                                                                                         dalam jutaan Rupiah | in million Rupiah

                                                                                                          Kenaikan
                                                                                                        (Penurunan)
                                                Aspek                   2024             2023                                   %                        Aspect
                                                                                                          Increase
                                                                                                         (Decrease)
                                   Pendapatan Neto                       1.226.740        1.273.390           (46.650)              -3,66%                    Net Revenues
                                   Recurring                             1.083.581          997.537            86.044               8,63%                          Recurring
                                   Sewa dan pengelolaan                  655.960           564.836               91.124             16,13%     Rental and management of
                                   perkantoran                                                                                                                   office
                                   Hotel, makanan dan minuman             290.542          308.389             (17.847)             -5,79%     Hotel, food and beverages
                                   Sewa ruangan, lapangan dan              85.447             79.361             6.086               7,67%   Rental of spaces, courts, and
                                   iuran keanggotaan                                                                                                     membership fees
                                   Taman hiburan                           51.632            44.951               6.681           14,86%                        Theme park
                                   Non-Recurring                           143.159         275.853            (132.694)          -48,10%                     Non-Recurring
                                   Penjualan tanah, rumah, dan             143.159         275.853           (132.694)           -48,10%         Sales of land, residential,
                                   apartemen                                                                                                                and apartment
                                   Beban Pokok Pendapatan                 808.432          836.539             (28.107)             -3,36%                  Cost of revenue
                                   Laba Kotor                             418.308           436.851            (18.543)             -4,24%                       Gross profit
                                   Beban Usaha                           (324.523)         (343.153)           (18.630)             -5,43%             Operating expenses
                                   Laba Usaha                              93.785            93.698                 87              0,09%          Income from Operation
                                   Beban Bunga dan Keuangan               (94.445)          (74.649)             19.796          26,52%             Interest expenses and
                                                                                                                                                         Financial Charges
                                   Rugi Sebelum Pajak                     (95.935)        (1.117.240)       (1.021.305)           -91,41%          Loss before Income Tax
                                   Penghasilan
Bakrieland Laporan Tahunan 2024




                                   Pajak Penghasilan                        (6.013)           (5.317)              696            13,09%                          Income Tax
                                   Rugi Neto                             (101.948)        (1.122.557)      (1.020.609)          -90,92%                             Net Loss
                                   Penghasilan (Rugi)                      (5.082)            11.955           (17.037)         -142,51% Other Comprehensive Income
                                   Komprehensif Lain                                                                                                           (Loss)
                                   Rugi Komprehensif Neto                (107.030)        (1.110.602)       (1.003.572)         -90,36%          Net Comprehensive Loss




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Pendapatan Neto                                                    Net Income
Sepanjang tahun 2024, Perseroan mencatatkan pendapatan             During 2024, the Company recorded net income of
neto sebesar Rp1.227 miliar, mengalami penurunan sekitar 3,66%     Rp1,227 billion, a decrease of approximately 3.66% from the
dari tahun lalu sebesar Rp1.273 miliar. Dari jumlah tersebut,      prior year amounted to Rp1,273 billion. Non-recurring income
pendapatan non-recurring mengalami penurunan 48,10% dari           decreased by 48.10% out of which from Rp276 billion in 2023
Rp276 miliar pada tahun 2023 menjadi Rp143 miliar di tahun         to Rp143 billion this year. Meanwhile, recurring income grew by
ini. Sementara pendapatan recurring tumbuh 8,63% dari              8.63% from Rp998 billion in 2023 to Rp1,084 billion.
Rp998 miliar pada tahun 2023 menjadi Rp1.084 miliar.

Secara umum, penurunan pendapatan neto selama 2024                 In general, the decrease in net revenue during 2024 came was
bersumber dari penurunan penjualan rumah, tanah, dan               due to the decrease in sales of houses, land, and apartments
apartemen dari segmen pendapatan non-recurring. Sedangkan,         from non-recurring income. Meanwhile, the increase in recurring
kenaikan pendapatan recurring didorong oleh sewa dan               income was driven by office rental and management as well as
pengelolaan perkantoran serta sewa ruangan, lapangan dan           rental of spaces, courts and membership fees.
iuran keanggotaan.

Beban Pokok Pendapatan                                             Cost Of Revenue
Sejalan dengan penurunan pendapatan neto, beban                    In line with the declining net income, the Company’s cost of
pokok pendapatan Perseroan turun sekitar 3,36% sebesar             revenue decreases by approximately 3.36% to Rp808 billion
Rp808 miliar dari Rp837 miliar pada 2023. Kontribusi terbesar      from Rp837 billion in 2023. The largest portion was contributed
berasal dari segmen sewa dan pengelolaan perkantoran dengan        by office rental and management reaching 69.03% of the total
porsi mencapai 69,03% dari total beban pokok pendapatan tahun      cost of revenue in 2024.
2024.

Laba Kotor                                                         Gross Profit
Perseroan mencatat perolehan laba kotor sebesar Rp418 miliar,      The company recorded gross profit totalling Rp418 billion,
turun 4,24% dari tahun lalu sebesar Rp437miliar di tahun 2023.     decreasing by 4.24% from the prior year at Rp437 billion in 2023.
Penurunan ini terjadi seiring dengan menurunnya pendapatan         Such decline was in alignment with the decline in operating
usaha.                                                             income.

Beban Usaha                                                        Operating Expenses
Beban usaha Perseroan mengalami penurunan sekitar 5,43%            The Company’s operating expenses decreased by approximately
dari Rp343 miliar pada 2023 menjadi Rp325 miliar. Penurunan        5.43% from Rp343 billion in 2023 to Rp325 billion. Such decrease
ini disebabkan oleh efisiensi beban usaha atas penurunan beban     was due to the efficiency of operating expenses related to the
gaji, upah, dan tunjangan sebesar Rp16 miliar.                     decrease in salaries, wages, and allowances by Rp16 billion.

Rugi Komprehensif Tahun Berjalan                                   Comprehensive Loss For The Year
Sepanjang tahun 2024, Perseroan mencatatkan penurunan rugi         During 2024, the Company recorded a decrease in comprehensive
komprehensif tahun berjalan sekitar 90,36% dari rugi sebesar       loss for the year of around 90.36%, from a loss of Rp1,111 billion
Rp1.111 miliar menjadi rugi sebesar Rp107 miliar, seiring dengan   to a loss of Rp107 billion, along with a decrease in net loss for
penurunan rugi neto tahun berjalan.                                the current year.
                                                                                                                                        Bakrieland Annual Report 2024




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  LAPORAN ARUS KAS KONSOLIDASIAN                                      CONSOLIDATED STATEMENT OF CASH
                                                                                                      FLOWS
                                                                                                                                        dalam jutaan Rupiah | in million Rupiah

                                                                                                        Kenaikan
                                                                                                      (Penurunan)
                                              Aspek                    2024             2023                                   %                        Aspect
                                                                                                        Increase
                                                                                                       (Decrease)
                                   Kas Neto yang Diperoleh dari            29.913           36.273            (6.360)           -17,53%             Net Cash Provided by
                                   Aktivitas Operasi                                                                                                 Operating Activities
                                   Kas Neto yang Digunakan               (130.081)          (4.832)         (125.249)       -2.592,07%      Net Cash Used In Investment
                                   untuk Aktivitas Investasi                                                                                                   Activities
                                   Kas Neto yang Diperoleh dari            77.073          (45.801)          122.874          268,28%       Net Cash Provided by (Used
                                   (Digunakan Untuk) Aktivitas                                                                                   in) Financing Activities
                                   Pendanaan
                                   Penurunan Neto                        (23.095)          (14.360)           (8.735)          -60,83%             Net Decrease in Cash
                                   Kas dan Setara Kas                                                                                            and Cash Equivalents at
                                                                                                                                                   Beginning of the Year
                                   Kas dan Setara Kas Awal                133.760           148.136          (14.376)              -9,70%   Cash and Cash Equivalent at
                                   Tahun                                                                                                          Beginning of the Year
                                   Kas dan Setara Kas Akhir               113.592          133.760           (20.168)           -15,08%     Cash and Cash Equivalent at
                                   Tahun                                                                                                                End of the Year

                                  Kas Neto yang Diperoleh dari Aktivitas Operasi                      Net Cash Provided By Operating Activities
                                  Pada tahun 2024, kas bersih yang diperoleh Perseroan dari           In 2024, the Company’s net cash provided by operating
                                  aktivitas operasi tercatat sebesar Rp30 miliar, mengalami           activities was recorded at Rp30 billion, a decrease of 17.53%
                                  penurunan hingga 17,53% dibandingkan tahun lalu sebesar             compared to the prior year at Rp36 billion. Such decrease was
                                  Rp36 miliar. Penurunan ini disebabkan oleh penerimaan dari          due to a decrease in revenue from customers by Rp24 billion
                                  pelanggan mengalami penurunan sebesar Rp24 miliar atau              or approximately 1.95%,
                                  sekitar 1,95%.

                                  Kas Neto yang Digunakan untuk Aktivitas Investasi                   Net Cash Used In Investment Activities
                                  Pada tahun 2024, jumlah kas yang digunakan Perseroan untuk          In 2024, the Company recorded cash used in investment activities
                                  aktivitas investasi dibukukan sebesar Rp130 miliar, sedangkan       amounting to Rp130 billion, whereas in the prior year the Company
                                  di tahun sebelumnya Perseroan menggunakan kas bersih                recorded net cash from investment activities totaling Rp5 billion. In
                                  dari aktivitas investasi sebesar Rp5 miliar. Pada tahun 2024,       2024, the decrease in investment activities was mainly due to the
                                  penurunan aktivitas investasi terutama karena pembayaran uang       down payment of purchases of land amounting to Rp133 billion.
                                  muka pembelian tanah sebesar Rp133 miliar.

                                  Kas Neto yang Diperoleh dari Aktivitas Pendanaan                    Net Cash Provided By Financing Activities
                                  Sepanjang tahun 2024, jumlah kas bersih yang digunakan untuk        During 2024, the amount of net cash used in financing activities
                                  aktivitas pendanaan dibukukan sebesar Rp77 miliar, meningkat        was recorded at Rp77 billion, an increase of 268.28% compared
                                  268,28% dibandingkan tahun sebelumnya sebesar Rp46 miliar.          to the prior year of Rp46 billion. Such an increase mainly due to
                                  Hal ini terutama disebabkan oleh penerimaan utang bank sebesar      the bank payables of Rp176 billion,
Bakrieland Laporan Tahunan 2024




                                  Rp176 miliar.

                                  Kemampuan Membayar Kewajiban                                        Debt-Service Coverage
                                  Perseroan melakukan pengelolaan risiko likuiditas dengan            The Company manages liquidity risk by monitoring its debt
                                  memantau daftar profil jatuh tempo utang, menjaga saldo             maturity profile, maintaining sufficient cash balance, and preparing
                                  kecukupan kas, dan menyiapkan sumber pendanaan untuk                financing sources for loan payments reaching maturity dates. The
                                  pembayaran utang jatuh tempo. Kemampuan Perseroan dalam             Company’s ability to settle its short-term and long-term liabilities
                                  melunasi kewajiban jangka pendek dan jangka panjangnya dapat        is indicated by several key financial ratios related to liquidity
                                  dilihat dari beberapa parameter rasio keuangan kunci terkait        and solvency, including the Company’s debt service coverage
                                  dengan performa likuiditas dan solvabilitas, termasuk didalamnya
                                  aspek kemampuan dalam membayar utang Perseroan.

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Berikut ini adalah posisi rasio likuiditas dan rasio solvabilitas    The following table depicts the Company’s liquidity ratio and
Perseroan selama 2 (dua) tahun terakhir:                             solvency ratio for the past 2 (two) years:
                Rasio Keuangan                         2024               2023                        Financial Ratios
 Likuiditas                                                                                                                  Liquidity
 Rasio Lancar                                                 89%                121%                                    Current Ratio
 Solvabilitas                                                                                                               Solvency
 Rasio Liabilitas terhadap Aset                                31%               29%                             Debt to Assets Ratio
 Rasio Liabilitas terhadap Ekuitas                            45%                41%                             Debt to Equity Ratio

Posisi likuiditas Perseroan di akhir 2024 sebagaimana tercermin      The Company’s liquidity at the end of 2024 as reflected in the
dari rasio lancar yang diperoleh sebesar 89% atau kurang dari        current ratio is at 89% or less than 100%. This is related to the
100%. Hal ini sehubungan dengan reklasifikasi piutang lain-lain      reclassification of other receivables and current assets to non-
dan aset lancar ke aset tidak lancar.                                current assets.

Sementara rasio solvabilitas Perseroan yang diukur berdasarkan       Meanwhile, the Company’s solvency ratio as measured by the
performa Debt to Equity Ratio (DER) dan Debt to Asset Ratio (DAR),   performance of the Debt to Equity Ratio (DER) and Debt to
menunjukkan kinerja yang beragam. Di akhir 2024, posisi rasio        Asset Ratio (DAR) displays mixed performance. At the end of
utang terhadap total aset tercatat sebesar 31%, meningkat dari       2024, the debt to asset ratio was recorded at 31%, increasing
29% pada tahun 2023. Sementara itu, nilai rasio utang terhadap       from 29% in 2023. Meanwhile, the debt to equity ratio was at
ekuitas sebesar 45%, meningkat dari tahun sebelumnya sebesar         45%, increasing from 41% in the prior year. This solvency ratio
41%. Kinerja rasio solvabilitas ini menandai bahwa Perseroan         performance indicates that the Company remains fully solvent
tetap sepenuhnya solvent sepanjang tahun 2024.                       during 2024.

Tingkat Koletibilitas Piutang                                        Collectibility Of Accounts Receivable
Tingkat kolektabilitas piutang usaha Perseroan mengalami             The Company’s accounts receivable collectibility has shifted to
perubahan menjadi 99 hari pada tahun 2024 dari 93 hari pada          99 days in 2024 from 93 days in 2023.
tahun 2023.

Struktur Modal                                                       Capital Structure

Kebijakan Struktur Modal                                             Capital Structure Policy
Perseroan mempertahankan struktur permodalan yang sehat              The Company maintains a healty capital structure to secure
untuk mengamankan akses terhadap pendanaan pada biaya                access to financing sources at a reasonable rate. Based on
yang wajar. Sebagaimana praktik yang berlaku umum, Perseroan         the generally accepted practices, the Company evaluates its
mengevaluasi struktur permodalan melalui rasio utang terhadap        capital structure by using debt to equity ratio (gearing ratio)
modal (gearing ratio) yang dihitung melalui pembagian antara         which is calculated by dividing net liabilities by equity. Net
utang neto dengan modal. Utang neto adalah jumlah liabilitas         liabilities represents the amount of liabilities as presented in
sebagaimana disajikan di dalam laporan posisi keuangan               the consolidated statement of financial position deducted by
konsolidasian dikurangi dengan jumlah kas dan setara kas.            the amount of cash and cash equivalents. Equity includes all
Sedangkan modal meliputi seluruh komponen ekuitas dalam              components of equity in the consolidated statements of financial
laporan posisi keuangan konsolidasian.                               position.
                                                                                                                                         Bakrieland Annual Report 2024




Rincian Struktur Modal                                               Capital Structure Details
Perseroan       memonitor       efektivitas     permodalannya        The Company monitors the effectiveness of its capital by
dengan menggunakan rasio utang terhadap ekuitas.                     calculating the debt to equity ratio. As of December 31, 2024,
Per 31 Desember 2024, posisi rasio utang terhadap ekuitas adalah     the debt to equity ratio was 1:0.31, while in 2023 it was 1:0.29
1 : 0,31, sedangkan di tahun 2023 adalah 1 : 0,29.




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  Dasar Pemilihan Kebijakan Manajemen Atas Struktur                  Basis Of Management Policy To Determine Capital
                                  Modal                                                              Structure Policy
                                  Kebijakan mengenai struktur modal Perseroan telah diatur dalam     The policy regarding the Company’s capital structure has been
                                  Anggaran Dasar dan struktur permodalannya disahkan oleh            stipulated in the Articles of Association and its capital structure
                                  pemegang saham melalui RUPS.                                       has been approved by shareholders through GMS.

                                  IKATAN MATERIAL UNTUK INVESTASI                                    MATERIAL COMMITMENTS FOR CAPITAL
                                  BARANG MODAL                                                       GOODS INVESTMENT

                                  Pada tahun 2024, Perseroan tidak memiliki ikatan material untuk    In 2024, the Company maintains no material commitments for
                                  investasi barang modal.                                            capital goods investment.

                                  INVESTASI BARANG MODAL YANG                                        CAPITAL GOODS INVESTMENT REALIZED
                                  DIREALISASIKAN PADA TAHUN BUKU                                     IN THE LAST FISCAL YEAR
                                  TERAKHIR

                                  Pada tahun 2024, Perseroan melakukan belanja barang modal          In 2024, the Company recorded capital goods in the form of
                                  berupa aset tetap baik yang bernilai material maupun nonmaterial   fixed assets, both material and non-material, by utilizing financing
                                  dengan menggunakan sumber pendanaan dari kas internal yang         sources from internal cash denominated in Rupiah. The following
                                  menggunakan denominasi satuan mata uang Rupiah. Berikut ini        is the list of capital goods investments that have been realized
                                  adalah daftar investasi barang modal yang telah direalisasikan     by the Company for the 2024 fiscal year:
                                  Perseroan untuk tahun buku 2024, yaitu sebagai berikut:


                                                                                                                                                     Nilai Investasi
                                            Jenis Investasi Barang Modal                                   Tujuan Investasi
                                                                                                                                                   Investment Value
                                          Types of Capital Goods Investment                               Investment Goals
                                                                                                                                                 (milliar Rp | billion Rp)
                                                Pembelian Aset Tetap                   Untuk menunjang kegiatan operasional Perseroan
                                                                                                                                                            27
                                               Purchase of Fixed Assets                  To support the Company’s operating activities



                                  INFORMASI DAN FAKTA MATERIAL YANG                                  MATERIAL INFORMATION AND FACTS
                                  TERJADI SETELAH TANGGAL LAPORAN                                    SUBSEQUENT TO AUDIT REPORT DATE
                                  AKUNTAN

                                  Informasi mengenai fakta material yang terjadi setelah tanggal     Information regarding material facts subsequent to the auditor’s
                                  laporan akuntan telah diungkapkan di dalam Laporan Keuangan        report has been disclosed in the Company’s Annual Financial
                                  Tahunan Perseroan untuk tahun buku yang berakhir pada 31           Report for the fiscal year ended December 31, 2024, notes 48
                                  Desember 2024, Catatan Atas Laporan Keuangan (CALK) No.            to the Financial Statements, with the following details:
                                  48, dengan rincian sebagai berikut:

                                  1.   Utang Bank dan Pinjaman selain Bank                           1.     Bank Loans and Non-Bank Loans
                                       a. Pada tanggal 3 Februari 2025, PT Bakrie Swasakti                  a. On February 3, 2025, PT Bakrie Swasakti Utama (BSU), a
Bakrieland Laporan Tahunan 2024




                                          Utama (BSU), Entitas Anak, memperoleh persetujuan                    Subsidiary, obtained approval to extend the terms of the
                                          perpanjangan jangka waktu pinjaman fasilitas pinjaman                credit loan facility with PT Bank Mayapada Internasional
                                          kredit dengan PT Bank Mayapada Internasional, Tbk                    Tbk until January 26, 2026,
                                          sampai dengan tanggal 26 Januari 2026.
                                       b. Pada tanggal 28 Februari 2025, BSU, Entitas anak, telah           b. On February 28, 2025, BSU, a subsidiary, had fully settled
                                          melunasi fasilitas pinjaman utang bank kepada PT KB                  its bank loan facility to PT KB Bukopin Tbk (KB Bukopin)
                                          Bukopin, Tbk (KB Bukopin)
                                       c. Pada tanggal 11 Maret 2025, PT Provices Indonesia (PVI),          c. On March 11, 2025, PT Provices Indonesia (PVI), a
                                          Entitas anak, memperoleh fasilitas pinjaman dari PT BPR              subsidiary, obtained a loan facility from PT BPR Syariah
                                          Syariah Hijra Alami dengan fasilitas kredit maksimum                 Hijra Alami with a maximum credit facility of Rp9 billion.
                                          sebesar Rp9 miliar. Pinjaman ini digunakan untuk modal

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      kerja dengan Tingkat margin15% per tahun dan akan jatuh              Such a loan is utilized for working capital with a margin rate
      tempo pada tanggal 11 Maret 2026. Pinjaman tersebut                  of 15% per annum and will mature on March 11, 2026. The
      dijamin dengan piutang deposito dibank sebesar 30%                   loan is secured by a deposit receivable in the bank at 30%
      dari nilai pagu pinjaman atau setiap pencairan.                      of the loan maximum amount or at each disbursement,
   d. Pada tanggal 12 Maret 2025, BSU, Entitas anak,                    d. On March 12, 2025, BSU, a subsidiary, obtained approval
      memperoleh persetujuan perpanjangan jangka waktu                     to extend the term of the credit loan facility with KB
      pinjaman fasilitas pinjaman kredit dengan KB Bukopin                 Bukopin until March 17, 2026
      sampai dengan tanggal 17 Maret 2026.

2. Perkara Hukum dan Kewajiban Bersyarat                            2. Legal Proceedings and Conditional Terms
   Pada tanggal 23 Januari 2025, PT Bakrie Pangripta Loka (BPL),       On January 23, 2025, PT Bakrie Pangripta Loka (BPL),
   menerima permohonan dan daftar bukti awal dari Badan                received a request and initial list of evidence from the
   Arbitrase Nasional Indonesia (BANI) atas perkara arbitrase          Indonesian National Arbitration Board (BANI) for an arbitration
   yang diajukan oleh PT Brantas Abipraya terkait dengan KSO           case filed by PT Brantas Abipraya related to KSO PP – BPL
   PP – BPL dengan nomor perkara 47089/XII/ARB-BANI/2024.              with case number 47089/XII/ARB-BANI/2024. As of the
   Sampai dengan tanggal penyelesaian laporan keuangan                 date of completion of this consolidated financial statement,
   konsolidasian ini diterbitkan, gugatan ini masih dalam proses       such legal proceeding is still in the administrative settlement
   penyelesaian administrasi.                                          process,

PROSPEK USAHA                                                       BUSINESS PROSPECT

Tahun 2024, dunia menghadapi berbagai tantangan yang                In 2024, the world was facing various complex and diverse
kompleks dan beragam. Adapun tantangan global yang tengah           challenges. The current global challenges are divided into three
terjadi saat ini dibagi ke dalam tiga hal besar. Pertama, konflik   major areas: first, geopolitical conflict; second, changes in political
geopolitik. Kedua, perubahan kepemimpinan politik di banyak         leaders in a number of countries; and third, the remaining weak
negara. Ketiga, proyeksi ekonomi global dan negara-negara           economic projection of the global economy and major countries
besar di dunia yang masih lemah. Efek perang Ukraina-Rusia          in the world. The effects of the Ukraine-Russia war are still being
masih terasa. Konflik geopolitik di Timur Tengah dan di Laut Cina   experienced, geopolitical conflicts in the Middle East and in the
Selatan juga masih belum usai, bahkan ada kecenderungan kian        South China Sea are also not over yet, and even with worsening
memanas. Selain itu, banyak negara melakukan pemilihan umum         tendencies. In addition, many countries held general elections
sehingga muncul pimpinan negara baru, baik di negara maju           resulting in newly emerging state leaders, both in developed and
maupun berkembang. Lebih dari 60 negara melakukan pemilihan         developing countries. More than 60 countries held their general
umum dan melibatkan empat miliar orang di dunia. Perubahan          elections involving four billion people in the world. Such country
kepemimpinan ini dipastikan akan menimbulkan perbedaan arah         leadership changes will certainly result in different directions of
kebijakan. Pemilihan umum juga berlangsung di Indonesia dan         policies being made. General elections were also taking place
menciptakan pergantian pimpinan dari Presiden Joko Widodo           in Indonesia resulting in a change of country leadership from
ke Presiden Prabowo Subianto.                                       President Joko Widodo to President Prabowo Subianto.

Tantangan lain yang masih membayangi situasi global adalah          Another challenge that is still looming over the global situation is the
kondisi perekonomian global yang belum sepenuhnya pulih dari        condition of the global economy which has not fully recovered from
dampak pandemi Covid-19. Pada 2024, aktivitas ekonomi global        the impact of the Covid-19 pandemic. In 2024, global economic
cenderung lemah dengan kinerja yang bervariasi antarkawasan.        activity was showing the tendency of weakening with varying
Kinerja ekonomi negara-negara maju masih cukup resilien meski       performances among regions. The economic performances in
                                                                                                                                               Bakrieland Annual Report 2024




masih lebih rendah dibanding periode sebelum pandemi. Pada          developed countries were still quite resilient, though still lower
kuartal III-2024, ekonomi Amerika Serikat tumbuh 2,7% YoY. Di       than the era before the pandemic. In Q3-2024, the United States
Eropa, laju ekonomi masih stagnan dan tumbuh di kisaran 0,9%        economy grew 2.7% YoY. In Europe, the economy was still stagnant
pada kuartal III-2024. Ekonomi Tiongkok menunjukkan tanda-          and grew in the range of 0.9% in Q3-2024. China’s economy
tanda perlambatan. Sementara itu, ekonomi di kawasan ASEAN          was showing signs of slowing down. Meanwhile, the economy in
masih resilien meskipun permintaan global turun. Cina yang          the ASEAN region was still resilient despite the declining global
selama beberapa tahun terakhir dapat tumbuh di atas 10%, kini       demand. China, which in the past years has been able to grow
mengalami perlambatan laju ekonomi dan tumbuh di bawah              above 10%, was experiencing a slowdown in economic growth
5%. Berbagai dinamika situasi global ini sedikit banyak memberi     and was growing below 5%. The various dynamics of the global
dampak terhadap perekonomian Indonesia.                             situation have more or less created an impact on the Indonesian
                                                                    economy.
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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  Kendati demikian, Perseroan optimis terhadap prospek                Nevertheless, the Company is optimistic about the prospects for
                                  pertumbuhan usaha ke depan dengan mengimpolementasikan              future business growth by implementing various targeted and
                                  berbagai strategi serta kebijakan yang terarah dan berkelanjutan.   sustainable strategies and policies. The main focus is aimed
                                  Fokus utama diarahkan pada peningkatan pendapatan secara            at increasing revenue consistently by developing housing
                                  konsisten melalui pengembangan proyek-proyek perumahan              projects in the middle segment, particularly in areas with high
                                  pada segmen menengah, khususnya di wilayah dengan potensi           growth potential such as Sidoarjo and Bogor. Based on market
                                  pertumbuhan tinggi seperti Sidoarjo dan Bogor. Berdasarkan          analysis, these areas are showing stable demand for housing
                                  analisis pasar, wilayah ini menunjukkan permintaan hunian yang      with continuous infrastructure support. The Company is also
                                  stabil serta dukungan infrastruktur yang terus berkembang.          targeting an increase in the portion of recurring income through
                                  Perseroan juga menargetkan peningkatan porsi pendapatan             the development of new properties and the acquisition of strategic
                                  berulang (recurring income) melalui pembangunan properti            assets. Such efforts are expected to provide more stablility in
                                  baru maupun akuisisi aset strategis. Upaya ini diharapkan dapat     cash flow and strengthen the long-term income structure.
                                  memberikan arus kas yang lebih stabil dan memperkuat struktur
                                  pendapatan jangka panjang.

                                  Dari sisi efisiensi, Perseroan berkomitmen untuk menjaga            In terms of efficiency, the Company is committed to maintaining
                                  struktur beban operasional secara optimal guna meningkatkan         an optimal operating expense structure in order to increase
                                  laba operasi. Langkah ini dilakukan melalui pengendalian            its operating income. Such measures are taken by performing
                                  biaya, peningkatan produktivitas, serta optimalisasi proses         cost control, increasing productivity, and optimizing business
                                  bisnis. Guna mendukung ekspansi jangka panjang, akuisisi            processes. In order to support long-term expansion, the
                                  lahan akan dilakukan secara bertahap dan terukur, dengan            Company will conduct its land acquisition process in stages in
                                  mempertimbangkan potensi pengembangan dan nilai tambah              a measured method, by taking into account the potentials for
                                  ke depan. Di samping itu, Perseroan secara aktif menjajaki dan      future development and added values. In addition, the Company
                                  mendorong kerja sama strategis dengan investor yang memiliki        is actively exploring and encouraging strategic cooperation
                                  visi sejalan, guna mempercepat realisasi proyek-proyek baru,        with investors having the same vision, in order to accelerate
                                  terutama proyek berskala besar yang membutuhkan sinergi             the realization of new projects, particularly large-scale projects
                                  modal dan keahlian. Optimalisasi aset juga menjadi salah satu       that require synergy of capital and expertise. Asset optimization
                                  prioritas utama melalui inisiatif peremajaan dan re-development     also serves as one of the main priorities through the initiatives
                                  aset yang ada. Pendekatan ini diharapkan mampu memberikan           of renovation and re-development of existing assets. Such an
                                  return yang lebih tinggi serta meningkatkan nilai properti secara   approach is expected to provide higher returns and increase
                                  keseluruhan.                                                        the overall property values.

                                  Untuk menjaga kelangsungan usaha di masa depan, Perseroan           To maintain its business sustainability in the future, the Company
                                  akan selalu berusaha memanfaatkan momentum pemulihan                will always strive to take advantage of the momentum of national
                                  ekonomi nasional dan mengambil peran strategis untuk                economic recovery and take a strategic role to support the
                                  mendukung peningkatan kinerja pasar properti di Indonesia.          improvement of the performance of the property market in
                                                                                                      Indonesia,

                                  PERBANDINGAN ANTARA TARGET 2024,                                    COMPARISON BETWEEN 2024
                                  REALISASI 2024, DAN PROYEKSI 2025                                   TARGET, 2024 REALIZATION AND 2024
                                                                                                      PROJECTIONS
Bakrieland Laporan Tahunan 2024




                                  Sepanjang tahun 2024, Perseroan mencatatkan pendapatan neto         During 2024, the Company recorded net income of
                                  sebesar Rp1,227 triliun, menurun 3,66% dari tahun lalu sebesar      Rp1,227 trillion, decreasing 3.66% from Rp1,273 trillion in the
                                  Rp1,273 triliun. Pendapatan ini mencapai 99% dari target awal       prior year. Such an amount reached 99% of the initial target
                                  yang ditetapkan. Dari sisi permodalan, struktur modal Perseroan     established. In terms of capital, the Company’s capital structure
                                  di akhir Desember 2024 terdiri dari utang dan ekuitas dengan        at the end of December 2024 comprises debt and equity with
                                  perbandingan 1 : 0,45.                                              a ratio of 1:0.45.




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Pencapaian kinerja finansial Perseroan di tahun 2024 digunakan        The Company’s financial performance in 2024 serves as a basis
sebagai pijakan bagi Perseroan dalam menyusun prospek                 for the Company in preparing more optimistic business prospects
usaha dan target-target bisnis yang lebih optimis untuk tahun         and business targets for 2025. For the coming year, the Company
2025. Untuk tahun mendatang, Perseroan telah menargetkan              has targeted revenue growth of 39% from 2024.
pertumbuhan pendapatan sebesar 39% dari pencapaian tahun
2024.

Seluruh target dan proyeksi yang telah disusun Manajemen untuk        All targets and projections that have been established by
tahun 2025 sudah mempertimbangkan faktor-faktor eksternal             Management for 2025 have taken into account the developing
yang berkembang dan kapasitas internal yang dimiliki Perseroan.       external factors and the Company’s internal capacity. A number
Beberapa sentimen eksternal yang menjadi fokus Perseroan,             of external sentiments that the Company focuses on include the
antara lain laju inflasi, daya beli konsumen yang diperkirakan akan   rate of inflation, consumer purchasing power which is expected
terus menguat, suku bunga, serta pertumbuhan ekonomi yang             to continue to strengthen, interest rates, and economic growth
diprediksikan tetap kuat kedepan. Sedangkan dari sisi internal,       which is predicted to remain stronger in the future. Meanwhile,
Perseroan mempertimbangkan kekuatan internal, kecukupan               the Company internally considers its own internal strength, net
kas bersih dan struktur modal, serta memperhatikan dukungan           cash adequacy and capital structure, as well as full support from
penuh dari pemegang saham dan pemangku kepentingan lainnya.           shareholders and other stakeholders.

ASPEK PEMASARAN                                                       MARKETING ASPECT

Sepanjang tahun 2024, Perseroan telah menerapkan serangkaian          During 2024, the Company implemented a series of business
strategi bisnis yang bertujuan untuk meningkatkan daya saing          strategies aimed at increasing its competitiveness and maintaining
dan mempertahankan kelangsungan usaha pada jangka Panjang             long-term business sustainability amidst the challenges of high
di tengah tantangan inflasi tinggi dan kenaikan suku bunga BI         inflation and a BI rate increase which reached its highest level
rate yang telah menyentuh level tertingginya sebesar 6,00%.           of 6.00%.

Menyadari bahwa dampak dari kenaikan BI rate berbanding               Realizing that the impact of the increase in the BI rate is
lurus dengan kenaikan suku bunga pinjaman dari bank, maka             proportional to the increase in interest rates on bank loans,
para pebisnis properti Tanah Air dihadapkan dengan mahalnya           the property business players in the country were faced with
biaya pengembangan properti yang pada gilirannya berdampak            high property development costs which in turn have an impact
pada kenaikan harga rumah atau properti serta                         on increasing prices of housing or property and potentially
potensi penurunan daya beli konsumen.                                 decreasing consumer purchasing power.

Dalam menghadapi kondisi pasar properti yang tidak menentu,           In facing uncertain property market conditions, the Company
Perseroan mengarahkan bisnisnya pada niche market strategy            directs its business to a niche market strategy by observing
dengan memperhatikan efisiensi biaya yang optimal agar kondisi        optimal cost efficiency so that cash flow conditions remain at a
cash flow tetap terjaga di level yang sehat sehingga Perseroan        healthy level so as to allow the Company to compete at all times
senantiasa dapat bersaing secara kompetitif. Selain itu, untuk        in a competitive manner. In addition, to drive the performance of
mendorong kinerja hotel dan taman hiburan, Perseroan juga             hotels and amusement parks, the Company has also launched
telah meluncurkan berbagai strategi promosi dan branding untuk        various promotional and branding strategies to increase the
meningkatkan jumlah pengunjung.                                       number of visitors.

Aspek pemasaran lain yang juga mendapatkan fokus penuh                Another marketing aspect that the Management also fully focuses
                                                                                                                                             Bakrieland Annual Report 2024




dari Manajemen karena menjadi salah satu faktor penentu               on due to its determining factors for the Company’s business
keberlanjutan usaha Perseroan baik di masa kini maupun                sustainability both at present and in the future is the level of
di masa depan adalah tingkat kepuasan penghuni maupun                 satisfaction of residents and visitors. To ensure the satisfaction
pengunjung. Untuk memastikan tingkat kepuasan penghuni                level of residents and visitors, the Company ensures that facilities
dan pengunjung tetap terjaga, Perseroan memastikan telah              needed by residents and visitors have been provided and the
menyediakan fasilitas yang diperlukan oleh para penghuni dan          security and safety aspects have been properly maintained.
pengunjung serta menjamin aspek keamanan dan keselamatan
terlaksana dengan baik.




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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                  Dengan menerapkan strategi pemasaran yang tepat, Perseroan       By implementing the right marketing strategies, the Company
                                  mampu membuktikan kemampuannya dalam beradaptasi                 has been able to prove its ability to adapt to business needs. All
                                  dengan kebutuhan usaha. Seluruh upaya ini diharapkan dapat       of these efforts are expected to improve the Company’s positive
                                  meningkatkan citra positif Perseroan di mata masyarakat          image in the public eye as one of the leading integrated property
                                  sebagai salah satu Perseroan pengembang properti terintegrasi    development companies in Indonesia.
                                  terkemuka di Indonesia.

                                  KEBIJAKAN DIVIDEN                                                DIVIDEND POLICY

                                  Selama 2 (dua) tahun buku terakhir, Perseroan belum melakukan    During the past 2 (two) financial years, the Company has not
                                  pembagian dividen kepada para pemegang saham, dikarenakan        distributed dividends to its shareholders due to the Company’s
                                  Perseroan masih membukukan rugi tahun berjalan.                  loss position for the current year.

                                  REALISASI PENGGUNAAN DANA HASIL                                  UTILIZATION OF PROCEEDS FROM
                                  PENAWARAN UMUM                                                   PUBLIC OFFERING

                                  Seluruh dana hasil penawaran umum Perseroan telah digunakan      All proceeds from the Company’s public offering have been
                                  seluruhnya.                                                      used in their entirety.

                                  INFORMASI MATERIAL MENGENAI                                      MATERIAL INFORMATION REGARDING
                                  INVESTASI, EKSPANSI, DIVESTASI,                                  INVESTMENTS, EXPANSIONS,
                                  PENGGABUNGAN/PELEBURAN USAHA,                                    DIVESTMENTS, BUSINESS MERGER/
                                  AKUISISI, RESTRUKTURISASI UTANG/                                 CONSOLIDATION, AQUISITIONS, DEBT/
                                  MODAL, DAN TRANSAKSI AFILIASI                                    CAPITAL RESTRUCTURING, AND
                                                                                                   AFFILIATE TRANSACTIONS

                                  Pada tahun 2024, Perseroan tidak mencatatkan adanya              In 2024, the Company recorded no material information regarding
                                  informasi material mengenai investasi, ekspansi, divestasi,      investments, expansions, divestments, mergers/consolidation,
                                  penggabungan/peleburan usaha, akuisisi, restrukturisasi utang/   acquisitions, debt/capital restructuring and affiliated transactions
                                  modal, dan transaksi afiliasi sebagaimana di atur dalam POJK     as regulated in POJK No. 17/POJK.04/2020 concerning Material
                                  No. 17/POJK.04/2020 tentang Transaksi Material dan Perubahan     Transactions and Changes in Business Activities.
                                  Kegiatan Usaha.

                                  INFORMASI TRANSAKSI MATERIAL                                     INFORMATION ON MATERIAL
                                  YANG MENGANDUNG BENTURAN                                         TRANSACTIONS WITH CONFLICTS OF
                                  KEPENTINGAN DAN/ATAU TRANSAKSI                                   INTEREST AND/OR TRANSACTIONS WITH
                                  DENGAN PIHAK AFILIASI/PIHAK                                      AFFILIATES/RELATED PARTIES
                                  BERELASI

                                  Transaksi Material yang Mengandung Benturan                      Material Transactions With Conflicts Of Interest
                                  Kepentingan
                                  Selama tahun 2024, Perseroan tidak mencatatkan adanya            During 2024, the Company recorded no transactions with a
Bakrieland Laporan Tahunan 2024




                                  transaksi yang mengandung benturan kepentingan.                  conflict interest.

                                  Peran Dewan Komisaris, dan Komite Audit Serta                    The Role of The Board of Commissioners, and
                                  Penjelasan Kewajaran, Mekanisme Review, dan                      Audit Committee, and Description of Fairness,
                                  Pemenuhan Peraturan Transaksi dengan Pihak                       Review Mechanism, and Compliance With
                                  Afiliasi                                                         Transaction Regulations With Affiliated Parties
                                  Perseroan memiliki mekanisme review untuk menganalisa dan        The Company maintains a review mechanism to analyze and
                                  meninjau transaksi-transaksi keuangan dengan pihak-pihak         review its financial transactions with related parties, by involving
                                  berelasi, yakni dengan melibatkan organ-organ pengawas seperti   supervisory organs such as the Audit Committee and the Board of
                                  Komite Audit dan Dewan Komisaris serta juga dianalisa kembali    Commissioners which are also reassessed by a Public Accountant
                                  oleh Akuntan Publik melalui proses audit eksternal.              through an external audit process,

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Komite Audit dilibatkan untuk menelaah rencana transaksi              The Audit Committee is involved to review the financial
keuangan dengan nominal tertentu yang akan dilakukan oleh             transaction plans with certain amounts that will be carried out
Perseroan dengan pihak-pihak berelasi. Keterlibatan Komite Audit      by the Company with related parties, The involvement of the
dimaksudkan untuk menjaga akuntabilitas transaksi keuangan            Audit Committee is intended to maintain the accountability of
dan memastikan tidak ada benturan kepentingan yang berpotensi         financial transactions and ensure that there is no conflict of
timbul dari terlaksananya rencana transaksi keuangan tersebut.        interest that could potentially arise from the implementation
Setelah melakukan peninjauan secara menyeluruh, Komite                of the financial transaction plans. After conducting a thorough
Audit akan memberikan saran dan masukan kepada Dewan                  review, the Audit Committee will provide advice and input to the
Komisaris terkait rencana transaksi-transaksi yang akan dilakukan     Board of Commissioners regarding the planned transactions to
Perseroan.                                                            be carried out.

Perseroan memastikan bahwa semua transaksi dengan                     The Company ensures that all transactions with related parties are
pihak-pihak berelasi dilakukan dengan syarat dan kondisi              carried out with the same terms and conditions as transactions
yang sama dengan transaksi-transaksi dengan pihak ketiga,             with third parties, unless otherwise stated in the financial
kecuali dinyatakan lain di dalam laporan keuangan. Selain             statements. In addition, the transaction is also made in accordance
itu, transaksi tersebut telah sesuai dengan Peraturan OJK No.         with OJK Regulation No, 42/POJK,04/2020 concerning “Affiliated
42/POJK.04/2020 tentang “Transaksi Afiliasi dan Benturan              Transactions and Conflicts of Interest in Certain Transactions,” at
Kepentingan Transaksi Tertentu,” pada saat transaksi-transaksi        the time the transactions were executed and also in accordance
tersebut dilaksanakan serta diatur dalam PSAK 224 tentang             with PSAK 224 concerning “Disclosure of Related Parties.” More
“Pengungkapan Pihak-Pihak yang Berelasi.” Informasi lebih rinci       detailed information regarding related parties and the nature
mengenai pihak-pihak berelasi dengan Perseroan beserta sifat          of the transactions as of the period ending December 31, 2024
dari transaksi yang dilakukan oleh Perseroan sampai dengan            is available under Notes to the Financial Statements No. 38 in
periode yang berakhir pada tanggal 31 Desember 2024 dapat             the annual financial statements which are an integral part of the
dilihat pada Catatan Atas Laporan Keuangan (CALK) No. 38, di          2024 Annual Report.
dalam laporan keuangan tahunan yang menjadi satu kesatuan
dengan Laporan Tahunan 2024.

Nama Pihak, Sifat Hubungan, Dan Nilai Transaksi                       List of Entities, Nature of Relationship, and
Pihak-Pihak Berelasi                                                  Amounts of Transactions With Related Parties
Informasi lengkap mengenai pengungkapan saldo transaksi               Complete information regarding the disclosure of balances of
dengan pihak-pihak berelasi sudah disampaikan di dalam Laporan        transactions with related parties has been presented in the Notes
Keuangan Catatan 38, yaitu sebagai berikut:                           38 to Financial Statements as follows:


                  Pihak Berelasi                       Hubungan                                 Sifat Hubungan
 No
                  Related Parties                     Relationship                            Nature of Transactions
 1     PT Bakrie Capital Indonesia             Pengendali dan              Piutang usaha dan pendapatan pengelolaan perkantoran/
                                               Pemegang saham              Trade receivables and management office revenue
                                               Controlling and
                                               Shareholder
 2     PT Petromine Energy Trading             Pemegang saham              Utang pihak berelasi/Due to related parties
                                               Shareholder
 3     PT Bumi Resources Tbk                   Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                           Trade receivables and management office revenue
                                                                                                                                            Bakrieland Annual Report 2024




 4     PT Bakrie & Brothers Tbk                Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                           Trade receivables and management office revenue
 5     PT Energi Mega Persada Tbk              Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                           Trade receivables and management office revenue
 6     PT Darma Henwa Tbk                      Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                           Trade receivables and management office revenue
 7     PT Bumi Resources Minerals Tbk          Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                           Trade receivables and management office revenue
 8     PT Bakrie Sumatera Plantations Tbk      Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                           Trade receivables and management office revenue


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                                  Analisis dan Pembahasan Manajemen | Management Discussion and Analysis




                                                    Pihak Berelasi                     Hubungan                                 Sifat Hubungan
                                   No
                                                    Related Parties                   Relationship                            Nature of Transactions
                                   9     PT Arutmin Indonesia                  Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   10    PT Bakrie Global Ventura              Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   11    PT Bakrie Indo Infrastructure         Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   12    PT Fastmanajemen Properti             Afiliasi / Affiliate        Piutang usaha/Trade receivables
                                   13    PT Bakrie Telecom Tbk                 Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   14    Long Haul Holding Ltd.                Afiliasi / Affiliate        Piutang usaha/Trade receivables
                                   15    PT Rasuna Sentra Medika               Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   16    PT Graha Adika Niaga                  Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   17    PT Bakrie Kalila Investment           Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   18    PT Petrocom Nuansa Nusantara          Afiliasi / Affiliate        Piutang lain-lain/ Other receivables
                                   19    Minarak Labuan Co. Ltd.               Afiliasi / Affiliate        Piutang pihak berelasi/Due from related parties
                                   20    PT Permata Sakti Mandiri              Afiliasi / Affiliate        Piutang pihak berelasi/Due from related parties
                                   21    PT Pazkul Kahuripan Premiere          Afiliasi / Affiliate        Piutang pihak berelasi/Due from related parties
                                   22    PT Minarak Brantas Gas                Afiliasi / Affiliate        Utang pihak berelasi/Due to related parties
                                   23    PT Sanggraha Pelita Development       Afiliasi / Affiliate        Utang pihak berelasi/Due to related parties
                                         Services
                                   24    PT Minarak Artha Raya                 Afiliasi / Affiliate        Utang pihak berelasi/Due to related parties
                                   25    PT Lativi Media Karya                 Afiliasi / Affiliate        Pendapatan pengelolaan perkantoran/
                                                                                                           management office revenue
                                   26    BUT EMP Bentu Limited                 Afiliasi / Affiliate        Pendapatan pengelolaan perkantoran/
                                                                                                           management office revenue
                                   27    PT Multi Kontrol Nusantara            Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   28    Minarak Brantas Gas Inc.              Afiliasi / Affiliate        Piutang usaha dan pendapatan pengelolaan perkantoran/
                                                                                                           Trade receivables and management office revenue
                                   29    PT Persija Jaya Jakarta               Afiliasi / Affiliate        Piutang lain-lain dan piutang pihak berelasi/
                                                                                                           Other receivables and due from related parties
                                   30    PT Persija Jakarta Property           Afiliasi / Affiliate        Piutang lain-lain dan piutang pihak berelasi/
                                                                                                           Other receivables and due from related parties
                                   31    PT Persija Jakarta Hebat              Afiliasi / Affiliate        Piutang lain-lain dan piutang pihak berelasi/
                                                                                                           Other receivables and due from related parties
Bakrieland Laporan Tahunan 2024




                                  PERNYATAAN DIREKSI ATAS TRANSAKSI                                   DIRECTORS’ STATEMENT ON AFFILIATE
                                  AFILIASI TAHUN 2024                                                 TRANSACTIONS IN 2024

                                  Direksi berpendapat seluruh transaksi afiliasi yang dilakukan       The Board of Directors is of the opinion that all transactions with
                                  Perseroan selama tahun 2024 sudah dilaksanakan pada nilai           related parties during 2024 have been carried out at arm’s length
                                  yang wajar (arm’s length) sesuai dengan syarat dan ketentuan        with the same terms and conditions as if similar transactions had
                                  yang sama apabila transaksi serupa dilakukan dengan pihak           been carried out with non-affiliated parties and such transactions
                                  yang tidak terafiliasi serta telah sesuai dengan best practice      have been made in accordance with the generally accepted
                                  yang berlaku di Indonesia.                                          practices in Indonesia.


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PERUBAHAN PERATURAN PERUNDANG-                                    REGULATORY CHANGES IN 2024
UNDANGAN PADA TAHUN 2024

Perseroan berkomitmen untuk selalu mematuhi setiap peraturan      The Company is committed at all times to complying with all
perundang-undangan yang berlaku. Perubahan peraturan              applicable laws and regulations. Regulatory changes 2024 had
perundang-undangan yang terjadi di tahun 2024 tidak               no significant impact on the Company's operational business
memberikan dampak signifikan terhadap operasional kegiatan        activities and had no effects on the presentation of the Company's
usaha Perseroan dan tidak berdampak terhadap penyajian            financial statements.
laporan keuangan Perseroan.



PERUBAHAN KEBIJAKAN AKUNTANSI                                     CHANGES IN ACCOUNTING STANDARDS

Efektif tanggal 1 Januari 2024, Perseroan telah menerapkan        Effective January 1, 2024, the Company adopted:
• Amendemen PSAK 201 (sebelumnya PSAK 1) tentang                  • Amendment to PSAK 201 (previously PSAK 1) about
   “Penyajian Laporan Keuangan”.                                      “Presentation of Financial Statements”
• Amendemen PSAK 207 (sebelumnya PSAK 2) tentang                  • Amendment to PSAK 207 (previously PSAK 2) about
   “Laporan Arus Kas”                                                 “Statement of Cash Flows”
• PSAK 107 (sebelumnya PSAK 60) tentang “Instrumen                • PSAK 107 (previously PSAK 60) about “Financial Instruments:
   Keuangan: Pengungkapan”                                            Disclosures”

Penerapan amendemen ini tidak berdampak terhadap laporan          The adoption of these amendments had no impact on the
keuangan konsolidasian Perseroan                                  Company consolidated financial statements.

Selain itu, Ikatan Akuntan Indonesia (IAI) telah menerbitkan      Furthermore, the Indonesian Institute of Accountants (IAI) has
Standar Akuntansi Keuangan yang belum berlaku efektif untuk       issued Financial Accounting Standards that are not yet effective
periode tahun buku yang dimulai pada tanggal 1 Januari 2025.      for annual periods beginning on January 1, 2025. However, earlier
Namun, penerapan dini diperkenankan.                              application is permitted.

Pernyataan baru dan amendemen Standar Akuntansi Keuangan          The new and amendments of Statements of Financial Accounting
(PSAK) yang telah diterbitkan dan berlaku efektif untuk periode   Standards (PSAK) issued and effective for annual periods
tahun buku yang dimulai pada atau setelah tanggal 1 Januari       beginning on or after January 1, 2025 are as follows:
2025 adalah sebagai berikut
• PSAK No. 117, “Kontrak Asuransi”;                               •   PSAK No. 117, “Insurance Contracts
• Amendemen PSAK No. 117, “Kontrak Asuransi” tentang              •   Amendment to PSAK No. 117, “Insurance Contracts” regarding
    Penerapan Awal PSAK No. 117 dan PSAK No. 109 – Informasi          the Initial Application of PSAK No. 117 and PSAK No. 109 -
    Komparatif; dan                                                   Comparative Information; and
• Amendemen PSAK No. 221, “Pengaruh Perubahan Kurs Valuta         •   Amendment to PSAK No. 221, “The Effect of Changes in
    Asing                                                             Foreign Exchange Rates

Perseroan sedang mempelajari dampak yang mungkin timbul           The Company is currently analyzing the potential impact of
dari penerapan SAK tersebut terhadap laporan keuangan             the implementation of the SAK on the consolidated financial
konsolidasian.                                                    statements.
                                                                                                                                       Bakrieland Annual Report 2024




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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report
Bakrieland Laporan Tahunan 2024




134
Page 137
06
Tata Kelola
Perusahaan
Good Corporate
Governance




                 Bakrieland Annual Report 2024




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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  Laporan Tata Kelola Perusahaan
                                  Report 0n Corporate Governance




                                  Sepanjang tahun 2024, pencapaian kinerja Perseroan
                                  juga dipengaruhi komitmen untuk terus meningkatkan
                                  praktik GCG di lingkungan bisnis Perseroan. Komitmen ini
                                  lahir dari kesadaran untuk memperkuat soft-structure dan
                                  infrastructure GCG yang tercermin dalam implementasi
                                  peraturan teknis dan pelaksanaan bisnis Perseroan.
                                  Throughout the year 2024, the Company’s performance
Bakrieland Laporan Tahunan 2024




                                  achievements were influenced by the commitment to
                                  keep improving GCG practices in the Company’s business
                                  environment. This commitment was born from the awareness
                                  to strengthen GCG’s soft structure and infrastructure as
                                  reflected in the implementation of technical regulations and
                                  the Company’s business implementation.
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KOMITMEN BAKRIELAND                                                 BAKRIELAND’S COMMITMENT

Sebagai warga korporasi yang baik, Perseroan berkomitmen            As a good corporate citizen, the Company is committed to
untuk mengelola semua bisnisnya dengan cara yang jujur, etis,       managing all its businesses in an honest, ethical and professional
dan profesional. Untuk mewujudkan hal tersebut, Perseroan           manner. In order to establish this, the Company integrates
mengintegrasikan prinsip-prinsip GCG secara konsisten dalam         GCG principles consistently in all operational aspects and
semua aspek operasional dan di semua tingkatan organisasi.          at all levels of the organization. The Company believes that
Perseroan meyakini penerapan GCG yang bermutu menjadi salah         quality implementation of GCG is one of the important pillars of
satu pilar penting dalam mendukung peningkatan kinerja yang         supporting sustainable performance improvement in the long
berkelanjutan pada jangka panjang melalui terciptanya proses        run through the creation of good decision-making processes,
pengambilan keputusan yang lebih baik, peningkatan efisiensi        improvement of operational efficiency, as well as improvement
operasional, serta peningkatan pelayanan kepada pemangku            of services to the Company’s stakeholders.
kepentingan Perseroan.

Berpegang pada komitmen yang mengakar pada keberlanjutan            Maintaining the commitment that roots down to business
bisnis, Perseroan berusaha untuk mengimplementasikan sistem         sustainability, the Company strives to implement consolidated
kerja yang terkonsolidasi, terintegrasi, dan saling melengkapi      and integrated work systems that complete each other in order to
untuk mencapai sebuah keseimbangan. Agar penerapan GCG              reach balance. For GCG implementation to always run effectively,
senantiasa berjalan efektif, maka semua elemen di Perseroan         all elements of the Company down to the Subsidiaries must
hingga Entitas Anak Perusahaan dilibatkan secara partisipatif       be actively involved, starting from the preparation stage to
mulai dari tahap persiapan hingga internalisasi, implementasi dan   GCG internalization, implementation, and evaluation, as well
evaluasi GCG, serta penerapannya menggunakan pendekatan             as implementation by means of a top-down approach that involves
top-down approach yang melibatkan Dewan Komisaris dan               the Board of Commissioners and the Board of Directors.
Direksi.

Komitmen dari Perseroan terhadap penerapan praktik GCG              The Company’s commitment towards the implementation of GCG
dilakukan secara konsisten dan terus menerus. Hal ini menjadi       practices is applied consistently and on a continuous basis. This
penting agar keseimbangan kepentingan pemegang saham                becomes important so that the balance between the interests of
dengan pemangku kepentingan lainnya dapat terjaga. Kualitas         the shareholders and other stakeholders can be maintained. The
penerapan GCG juga senantiasa dilakukan benchmark terhadap          quality of GCG implementation is also continually benchmarked
standar yang ditetapkan regulator dan best practice umum di         against the standards setforth by regulators and general best
dunia bisnis.                                                       practices in the business world.

Sepanjang tahun 2024, pencapaian kinerja Perseroan juga             Throughout the year 2024, the Company’s performance
dipengaruhi komitmen untuk terus meningkatkan praktik GCG           achievements were influenced by the commitment to keep
di lingkungan bisnis Perseroan. Komitmen ini lahir dari kesadaran   improving GCG practices in the Company’s business environment.
untuk memperkuat soft-structure dan infrastructure GCG yang         This commitment was born from the awareness to strengthen
tercermin dalam implementasi peraturan teknis dan pelaksanaan       GCG’s soft structure and infrastructure as reflected in the
bisnis Perseroan.                                                   implementation of technical regulations and the Company’s
                                                                    business implementation.

Penerapan GCG di lingkungan Perseroan diharapkan menjadi            GCG implementation within the Company’s environment can
budaya kerja untuk setiap pihak di semua organ Perseroan. Oleh      hopefully turn into the work culture of every party in all of the
                                                                                                                                         Bakrieland Annual Report 2024




karena itu, Perseroan berupaya maksimal untuk terus mendorong       Company’s organs. For this reason, the Company optimally
pelaksanaan internalisasi dan sosialisasi pilar-pilar GCG dalam     strives to keep supporting the internalization and socialization
aktivitas bisnis Perseroan.                                         of GCG pillars in the Company’s business activities.

Secara berkala, Perseroan mengevaluasi penerapan GCG dan            Periodically, the Company evaluates GCG implementation
menyempurnakan perangkat dan kebijakan GCG dan prosedur             and improve GCG tools and policies and standard operating
operasi standar (SOP) untuk memastikan penerapan GCG berjalan       procedures (SOP) to ensure that GCG implementation runs more
semakin baik serta selalu berada dalam koridor yang benar,          properly and always on the right track, namely in accordance
yakni sesuai dengan standar ketentuan peraturan perundang-          with the provisions of laws and regulations and best practices.
undangan dan best practice.

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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  Meski secara keseluruhan penerapan GCG di Perseroan sudah          Although in general, GCG implementation in the Company is
                                  berlangsung secara efektif, Perseroan tetap berkomitmen untuk      ongoing effectively, the Company remains committed to take
                                  mengambil langkah-langkah perbaikan yang diperlukan untuk          improvement steps necessary to enhance the quality and
                                  meningkatkan kualitas dan implementasi penerapan GCG.              implementation of GCG application. As a concrete step to
                                  Sebagai langkah konkret untuk mewujudkan penerapan GCG             manifest better GCG application, the Company establishes the
                                  yang lebih baik, Perseroan telah menyusun GCG Roadmap yang         GCG Roadmap that functions as a tool to monitor the development
                                  berfungsi sebagai sarana untuk memantau kemajuan praktik           of ongoing and future GCG practices.
                                  GCG yang sedang berjalan dan yang akan datang.

                                  Perseroan meyakini bahwa dengan membangun fondasi tata             The Company believes that with establishing the foundation of
                                  kelola keberlanjutan yang solid dan dengan memprioritaskan         solid sustainable governance and by prioritizing the management
                                  pengelolaan aspek Environmental, Social and Governance             of such aspects as Environmental, Social, and Governance
                                  (ESG) di seluruh tingkat organisasi, maka akan memungkinkan        (ESG) at all levels of the organization, it will therefore enable
                                  Perseroan untuk mengejar penciptaan nilai yang berarti dan         the Company to pursue meaningful creation of values and help
                                  membantu tercapainya kepentingan para pemangku kepentingan         achieve stakeholders’ interests responsibly.
                                  secara bertanggung jawab.



                                  PENERAPAN TATA KELOLA YANG                                         GOOD CORPORATE GOVERNANCE
                                  BAIK UNTUK MENDUKUNG                                               IMPLEMENTATION TO SUPPORT THE
                                  PENCAPAIAN TUJUAN PEMBANGUNAN                                      ACHIEVEMENT OF SUSTAINABLE
                                  BERKELANJUTAN (TPB)                                                DEVELOPMENT GOALS (SDGS)

                                  Dalam menghadapi persaingan bisnis properti yang kian              In facing the increasingly competitive property business
                                  kompetitif, Perseroan semakin memahami pentingnya                  competition, the Company progressively understands the
                                  penerapan GCG sebagai kebutuhan mendasar yang tidak                importance of implementing GCG as an irreplacable fundamental
                                  dapat tergantikan dalam menjalankan kegiatan operasional           need in carrying out daily operational activities. For this purpose,
                                  sehari-hari. Untuk itu, Perseroan senantiasa menempatkan           the Company always places GCG as the foundation for the
                                  GCG sebagai landasan bagi terbentuknya sistem, struktur, dan       formation of positive corporate systems, structures and cultures
                                  budaya perusahaan yang positif untuk mendukung tercapainya         to support the achievement of positive sustainable performance.
                                  kinerja keberlanjutan yang positif.

                                  Menyadari bahwa penerapan GCG yang baik dan konsisten              Realizing that good and consistent GCG application is one of the
                                  merupakan salah satu kunci sukses untuk dapat terus tumbuh         key successes to be able to continuously grow and profit in the
                                  dan menguntungkan pada jangka panjang, maka Perseroan              long run, therefore the Company makes corporate governance
                                  menjadikan tata kelola perusahaan sebagai salah satu pilar         one of the pillars of corporate sustainability through the “Adopting
                                  keberlanjutan (corporate sustainability) melalui Pilar ”Adopting   Best Practices & Compliance” Pillar. This pillar becomes the
                                  Best Practices & Compliance”. Inilah yang menjadi payung           umbrella in creating and manifesting the best governance within
                                  dalam menciptakan dan mewujudkan tata kelola terbaik di            the Company’s environment.
                                  lingkungan Perseroan.

                                  Melalui Pilar ”Adopting Best Practices & Compliance”,              Through the “Adopting Best Practices & Compliance” Pillar,
Bakrieland Laporan Tahunan 2024




                                  Perseroan berusaha menyelaraskan penerapan GCG dengan              the Company tries to align the implementation of GCG with
                                  agenda yang dicanangkan pemerintah dalam mendukung                 the agenda initiated by the government in supporting the
                                  tercapainya Tujuan Pembangunan Berkelanjutan (SDGs).               achievement of Sustainable Development Goals (SDGs). In
                                  Dalam praktiknya, Perseroan juga terus berupaya mewujudkan         practice, the Company also continually strives to actualize a strong
                                  kelembagaan yang kuat dan memastikan setiap program,               institution and ensures each program, activity and policy applied
                                  aktivitas maupun kebijakan yang dijalankan Perseroan telah         by the Company is in compliance with prevailing regulations,
                                  mematuhi peraturan, aturan maupun hukum yang berlaku.              provisions, and laws.




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Berbagai program atau inisiatif yang dilakukan Perseroan             Various programs or initiatives carried out by the Company
terkait Tata Kelola Perseroan sesuai dengan aspek TPB adalah         related to Corporate Governance in line with the SDG aspect
sebagai berikut:                                                     are as follows:


Pembangunan Hukum dan Tata Kelola
Development of Corporate Laws and Governance
            Pilar                                                          Inisiatif 2024
            Pillar                                                         2024 Initiative
 Adopting Best Practices &     •   Meningkatkan peran Dewan Komisaris melalui Komite Audit dalam mengawasi upaya peningkatan
 Compliance                        mutu penerapan Good Corporate Governance, baik di tingkat Holding maupun Unit Usaha terutama
                                   dalam hal percepatan penyelesaian laporan keuangan.
                               •   Meningkatkan pemahaman dan implementasi dalam operasional bisnis yang berwawasan
                                   lingkungan, keselamatan, dan kesehatan kerja.
                               •   Enhance the role of the Board of Commissioners through the Audit Committee in monitoring efforts
                                   to improve the quality of Good Corporate Governance implementation, both at the Holding as well
                                   as Business Unit levels especially with regard to accelerating completion of the financial reports.
                               •   Enhance the comprehension and implementation of business operations with work environment,
                                   safety and health orientation.




LANDASAN HUKUM                                                       LEGAL BASIS

Penerapan GCG di lingkungan Perseroan mengacu pada sejumlah          GCG implementation within the Company’s environment refers to
kebijakan hukum dan ketentuan perundang-undangan yang                a number of applicable legal policies and regulatory provisions,
berlaku, antara lain:                                                including the following:
1. UU Republik Indonesia No. 40 Tahun 2007 tentang Perseroan         1. Law No. 40 of the Republic of Indonesia Year 2007 on Limited
    Terbatas                                                             Liability Company
2. Pedoman Umum GCG Indonesia Tahun 2006                             2. Indonesia’s GCG General Guidelines of Year 2006
3. Peraturan OJK (POJK)                                              3. OJK Regulations (POJK)
4. Anggaran Dasar Perseroan beserta perubahannya.                    4. Company’s Articles of Association and its amendments.



PRINSIP-PRINSIP PRAKTIK GCG                                          PRINCIPLES OF GCG PRACTICES

Prinsip-prinsip GCG mengalami perkembangan dari waktu ke             GCG principles have evolved from time to time in line with the
waktu sejalan dengan perkembangan dunia usaha. Agar tetap            development of the business world. In order to maintain on
sejalan dengan best practice yang berlaku di Indonesia, maka         track with best practices applicable in Indonesia, all Company
seluruh pedoman GCG Perseroan juga selalu ditinjau secara            GCG guidelines are also reviewed periodically and updated
berkala dan diupdate sesuai dengan perkembangan regulasi             in accordance with the latest development in regulations. In
terkini. Sehubungan dengan hal itu, sejak 2023, Perseroan telah      this regard, since 2023, the Company placed the 2021 General
menjadikan Pedoman Umum Governansi Korporat Indonesia                Guidelines for Indonesian Corporate Governance (PUGKI) as a
(PUGKI) 2021 sebagai acuan dalam proses pengembangan                 reference in the development process of the Company’s GCG
Panduan Pelaksanaan GCG milik Perseroan. Hal ini bertujuan           Implementation Guidelines. This aims to assure that the principles
agar prinsip-prinsip governansi korporat yang baik dapat dipahami    of good corporate governance can be understood and applied
                                                                                                                                          Bakrieland Annual Report 2024




dan diterapkan dalam setiap aktivitas operasional Perseroan          in every operational activity of the Company in order to actualize
dalam rangka mewujudkan tata yang efektif dan efisien.               effective and efficient governance.

Mengacu pada PUGKI 2021, berikut ini adalah 4 (empat) pilar          Referring to 2021 PUGKI, the following are the 4 (four) pillars of
governansi yang sudah diterapkan oleh seluruh anggota                governance applied by all members of the management and
manajemen dan karyawan Perseroan di setiap tingkatan dan             employees of the Company at each level of the organization:
jenjang organisasi:




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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                      Pilar-Pilar
                                     Governansi                           Penjelasan                                   Implementasi di Lingkungan Perseroan
                                     Governance                           Description                                     Implementation within Company
                                         Pillar
                                   Perilaku Beretika   Dalam melaksanakan kegiatannya, Perseroan            •   Perseroan selalu mematuhi isi perjanjian dan kontrak kerja
                                                       senantiasa       mengedepankan         kejujuran,        sama dengan pihak ketiga sebagai bentuk perlindungan
                                                       memperlakukan semua pihak dengan hormat,                 terhadap hak-hak pemangku kepentingan;
                                                       memenuhi komitmen, membangun serta                   •   Perseroan memperlakukan semua pihak dengan hormat
                                                       menjaga nilai-nilai moral dan kepercayaan secara         termasuk karyawan dengan penuh hormat serta menjaga
                                                       konsisten. Perseroan juga memperhatikan                  nilai-nilai moral dan kepercayaan secara konsisten;
                                                       kepentingan pemegang saham dan pemangku              •   Perseroan menjunjung tinggi prinsip integritas yang
                                                       kepentingan lainnya berdasarkan asas kewajaran           dibuktikan melalui penandatanganan Pakta Integritas; dan
                                                       dan kesetaraan serta dikelola secara independen      •   Perseroan memiliki Pedoman GCG, Panduan Dewan (Board
                                                       sehingga masing-masing organ perusahaan tidak            Manual), dan Pedoman Perilaku (Code of Conduct) yang
                                                       saling mendominasi dan tidak dapat diintervensi          wajib dipatuhi oleh seluruh karyawan termasuk jajaran
                                                       oleh pihak lain.                                         Direksi dan Dewan Komisaris.

                                   Ethical Behavior    In carrying out its activities, the Company always   •   The Company always complies with cooperation
                                                       puts forward honesty, treats all parties with            agreements and contracts with third parties as a form of
                                                       respect, lives up to commitments, builds and             protection for stakeholders’ rights;
                                                       consistently maintains moral values and trust.       •   The Company treats all parties with respect, including
                                                       The Company also pays attention to the interests         employees, with full respect and consistently maintains
                                                       of the shareholders and other stakeholders               moral values and trust;
                                                       based on the principles of fairness and equality     •   The Company holds high the principle of integrity proven
                                                       as well as independent management so that                through the signing of the Integrity Pact; and
                                                       each company organ does not dominate each            •   The Company retains GCG Guidelines, Board Manual,
                                                       other and cannot dominate each other and be              and Code of Conduct which must be adhered to by all
                                                       interfered with by any other party.                      employees, including the Board of Directors and the Board
                                                                                                                of Commissioners.
                                   Akuntabilitas       Perseroan dapat mempertanggungjawabkan •                 Pengambilan segala bentuk keputusan Perseroan
                                                       kinerjanya secara transparan dan wajar. Maka             senantiasa dilakukan secara objektif dan berdasarkan
                                                       dari itu, Perseroan harus dikelola secara benar,         keputusan organ perseroan yang relevan sejalan dengan
                                                       terukur, dan sesuai dengan kepentingan                   pedoman ataupun kebijakan yang berlaku;
                                                       korporat dengan tetap memperhitungkan •                  Seluruh karyawan wajib menjalankan tugas dan tanggung
                                                       kepentingan pemegang saham dan pemangku                  jawabnya sesuai peran dan fungsi masing-masing tanpa
                                                       kepentingan. Akuntabilitas merupakan prasyarat           ada tekanan-tekanan dari pihak manapun yang tidak sesuai
                                                       yang diperlukan untuk mencapai kinerja yang              dengan kepentingan perusahaan; dan
                                                       berkelanjutan.                                   •       Dewan Komisaris dan Direksi mempertanggungjawabkan
                                                                                                                kinerjanya kepada pemegang saham melalui Rapat Umum
                                                                                                                Pemegang Saham (RUPS).

                                   Accountability      The Company takes responsibility for its •               All forms of Company decisions are always carried out
                                                       performance transparently and fairly. Thus, the          objectively and based on the company’s organs’ decisions
                                                       Company must be properly and measurably                  relevant to the direction set forth by the guidelines of
                                                       managed and in line with company interests               applicable policies;
                                                       by also taking account of the shareholders’ •            All employees are obligated to carry out their duties and
                                                       and stakeholders’ interests. Accountability is a         responsibilities in accordance with their respective roles
                                                       prerequisite necessary to achieve sustainable            and functions without pressures from any party that are not
                                                       performance.                                             in accordance with the interests of the company; and
                                                                                                        •       The Board of Commissioners and the Board of Directors
                                                                                                                take account of their performance to the shareholders
Bakrieland Laporan Tahunan 2024




                                                                                                                through the General Meeting of Shareholders (GSM).




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    Pilar-Pilar
   Governansi                       Penjelasan                                   Implementasi di Lingkungan Perseroan
   Governance                       Description                                     Implementation within Company
       Pillar
 Transparansi      Untuk menjaga objektivitas dalam menjalankan       •   Publikasi dan transparansi informasi umum mengenai
                   bisnis,   korporasi  menyediakan     informasi         Perseroan dapat diakses melalui situs website:
                   yang material dan relevan dengan cara yang             https://bakrieland.com/ ataupun melalui sosial media resmi
                   mudah diakses dan dipahami oleh pemangku               milik Perseroan;
                   kepentingan. Perseroan mengambil inisiatif         •   Proses diskusi dan pengambilan keputusan Dewan
                   untuk mengungkapkan tidak hanya masalah                Komisaris dan Direksi dilakukan secara transparan melalui
                   yang disyaratkan oleh peraturan perundang-             rapat internal maupun rapat gabungan; dan
                   undangan, tetapi juga hal yang penting untuk       •   Perseroan memberikan laporan berkala sesuai peraturan
                   pengambilan keputusan oleh pemegang saham,             yang berlaku kepada regulator dan pemegang saham.
                   kreditur dan pemangku kepentingan lainnya.             Informasi lebih lanjut bisa didapatkan dengan mengakses
                                                                          situs website Bursa Efek Indonesia (BEI) dan memasukkan
                                                                          ticker code: “ELTY”.

 Transparency      To maintain objectivity in conducting business, •      Publication and transparency of general information on
                   the company provides material and relevant             the Company may be accessed through the website;
                   information through easily accessible means            https://bakrieland.com/or through the Company’s official
                   that are understandable by stakeholders. The           social media;
                   Company takes the initiative to disclose not •         Discussion and decision-making processes of the Board
                   only issues required by laws and regulations,          of Commissioners and the Board of Directors are carried
                   but also important matters in decision-making          out transparently through internal meetings as well as joint
                   undertaken by shareholders, creditors, and other       meetings; and
                   stakeholders.                                    •     The Company provides periodic reports in accordance
                                                                          with applicable regulations to regulators and shareholders.
                                                                          Further information may be obtained by accessing the
                                                                          website of the Indonesia Stock Exchange (BEI) and entering
                                                                          the ticker code: «ELTY».
 Keberlanjutan     Perseroan mematuhi peraturan perundang- •              Pengelolaan usaha Perseroan dilakukan secara profesional
                   undangan serta berkomitmen melaksanakan                sesuai dengan ketentuan Anggaran Dasar dan peraturan
                   tanggung    jawab    terhadap    masyarakat            perundang-undangan yang berlaku;
                   dan lingkungan agar berkontribusi pada •               Perseroan menjalankan program dan/atau kegiatan
                   pembangunan berkelanjutan melalui kerja sama           Corporate Social Responsibility (CSR) setiap tahun;
                   dengan semua pemangku kepentingan terkait •            Perseroan mengikuti perkembangan regulasi yang relevan
                   untuk meningkatkan kehidupan mereka dengan             melalui laporan pemantauan review regulasi yang dilakukan
                   cara yang selaras dengan kepentingan bisnis            secara berkala. Perseroan menyediakan berbagai jenis
                   dan agenda pembangunan berkelanjutan.                  program edukasi bagi karyawan dalam bentuk pelatihan in-
                                                                          house.

 Sustainability    The Company complies with the laws and •               Managing the Company’s business is carried out
                   regulations and is committed to taking                 professionally in line with provisions under the Articles of
                   responsibility to the community and the                Association and prevailing laws and regulations;
                   environment in order to keep contributing to •         The Company conducts Corporate Social Responsibility
                   sustainable development through cooperation            (CSR) programs and/or activities every year;
                   with all related stakeholders in the effort to •       The Company keeps track of relevant regulatory
                   improve their lives by means that are in line          developments through monitoring reports of regulation
                   with business interests and the sustainable            reviews conducted regularly. The Company provides
                   development agenda.                                    various types of education programs for employees in the
                                                                          form of in-house training.
                                                                                                                                         Bakrieland Annual Report 2024




INFRASTRUKTUR PRAKTIK GCG                                           INFRASTRUCTURE OF GCG PRACTICES

Keberhasilan masing-masing Organ dalam menjalankan tugas            The success of each Organ in appropriately carrying out its
dan tanggung jawabnya dengan baik didukung oleh eksistensi          duties and responsibilities is supported by the presence of a
soft-structure GCG (manual building) yang terus disempurnakan       GCG soft-structure (manual building) that is continuously refined
sesuai perkembangan regulasi dan best practices yang berlaku.       in accordance with regulatory developments and applicable best
                                                                    practices.




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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  Berikut ini adalah soft-structure GCG yang dimiliki Perseroan:        Following is the GCG soft-structure available in the Company:
                                  1. Peraturan perundangan yang berlaku                                 1. Applicable laws and regulations
                                  2. Peraturan Perseroan                                                2. Company regulations
                                  3. Visi dan Misi Perseroan                                            3. Company Vision and Mission
                                  4. Panduan Pelaksanaan Tata Kelola Perseroan                          4. Company Governance Implementation Guidelines
                                  5. Roadmap GCG                                                        5. GCG Roadmap
                                  6. Pedoman Perilaku dan Kode Etik Perseroan                           6. Company Code of Conduct and Code of Ethics
                                  7. Pedoman Dewan                                                      7. Board Manual
                                  8. Sistem Pelaporan Pelanggaran                                       8. Violation Reporting System
                                  9. Standar Prosedur Operasional                                       9. Standard Operating Procedures

                                  Pada tahun 2024, Perseroan telah melakukan penyempurnaan              In the year 2024, the Company managed to make improvements
                                  dan penguatan soft-structure GCG dikaitkan dengan hal-hal             and strengthen the GCG soft-structure related to the following:
                                  berikut:
                                  a. Roadmap GCG                                                        a.   GCG Roadmap
                                  b. Etika Perusahaan                                                   b.   Company Ethics
                                  c. Panduan Tata Kelola Perusahaan                                     c.   Corporate Governance Guidelines
                                  d. Peraturan Perusahaan                                               d.   Company Regulations
                                  e. Pedoman Dewan                                                      e.   Board Manual
                                  f. Sistem Pelaporan Pelanggaran                                       f.   Violation Reporting System
                                  g. SOP                                                                g.   SOP
                                  h. Struktur Organisasi                                                h.   Organizational Structure
                                  i. Mekanisme dan evaluasi kinerja Direksi dan Dekom, kebijakan        i.   Performance mechanism and evaluation of the Board of
                                      remunerasi (dari proses pengusulan hingga penetapan), dan              Directors and the Board of Commissioners, remuneration
                                      kebijakan benturan kepentingan                                         policy (from proposal to stipulation process), and conflict of
                                                                                                             interest policy

                                  Penyempurnaan dan penguatan soft-structure GCG pada tahun             The upgrading and strengthening of the GCG soft-structure in
                                  2024 dilakukan pada kebijakan terkait otorisasi persetujuan           2024 was performed to policies related to financial transaction
                                  transaksi keuangan, pengelolaan asset tetap perusahaan,               approval authorization, management of company fixed assets,
                                  perjalanan dinas karyawan, pembayaran kepada pihak internal/          employee business trips, payment to internal/external parties.
                                  eksternal. Selain itu tidak ada perubahan yang bersifat signifikan.   Otherwise, there were no other significant changes.



                                  STRUKTUR GCG                                                          GCG STRUCTURE

                                  Berdasarkan Undang-Undang No. 40 Tahun 2007 tentang                   Based on Law No. 40 Year 2007 on Limited Liability Company,
                                  Perseroan Terbatas (UU PT), struktur GCG di Perseroan terdiri         the GCG structure in the Company consists of General Meeting
                                  dari Rapat Umum Pemegang Saham, Dewan Komisaris dan                   of Shareholders, the Board of Commissioners and the Board of
                                  Direksi. Dalam menjalankan tugas pengurusan Perseroan terkait         Directors. In carrying out management duties in the Company
                                  implementasi GCG di lingkungan Perseroan, Direksi dibantu oleh        related to GCG implementation within the Company, the Board
                                  satuan kerja yang membantu Direksi seperti Sekretaris Perseroan       of Directors is assisted by work units such as the Corporate
Bakrieland Laporan Tahunan 2024




                                  dan Unit Internal Audit.                                              Secretary and the Internal Audit Unit.

                                  Sementara, pelaksanaan fungsi pengawasan Dewan Komisaris              Meanwhile, the supervisory function of the Board of
                                  dibantu oleh komite-komite pendukung di bawahnya, yaitu Komite        Commissioners is assisted by the supporting subordinate
                                  Audit, serta Komite Nominasi dan Remunerasi.                          committees, namely the Audit Committee, as well as the
                                                                                                        Nomination and Remuneration Committee.




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PENERAPAN ATAS PEDOMAN TATA                                            IMPLEMENTATION OF GOVERNANCE
KELOLA PERSEROAN TERBUKA                                               GUIDELINES OF PUBLIC COMPANIES

         Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham Dalam Menjamin Hak-Hak Pemegang Saham
           Aspect 1: Relationship Between Public Companies and Shareholders in Assuring the Rights of the Shareholders
                        Prinsip I: Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS)
                      Principle I: Increasing the Value in Implementing the General Meetings of Shareholders (GMS)
       Rekomendasi                           Tanggapan                                 Alasan                            Keterangan
      Recommendation                          Response                                 Reason                             Remarks
Perusahaan Terbuka                  Perseroan telah memiliki       Ketentuan tersebut dicantumkan dalam -
memiliki cara atau prosedur         ketentuan mengenai             Anggaran Dasar Perseroan yang ditetapkan
teknis pengumpulan                  pengumpulan suara dalam        tanggal 13 Oktober 2015, pasal 11 mengenai
suara (voting) baik secara          RUPS.                          Tata Tertib, Kuorum, Hak Suara, dan
terbuka maupun tertutup                                            Keputusan RUPS. Dan ketentuan tersebut
yang mengedepankan                                                 diimplementasikan dalam RUPS tahun 2017.
independensi, dan
kepentingan pemegang
saham.

Public Companies have               The Company retains the The provisions are contained in the
technical means or                  provisions on voting in GMS. Company’s Articles of Association consented
procedures in voting, both                                       on 13 October 2015, article 11 on Code of
openly and closed, which                                         Conduct, Voting Rights, and GMS Ruling. This
puts forward independency,                                       provision was implemented in the 2017 GMS.
and the interests of the
shareholders.
Seluruh anggota Direksi dan Seluruh Direksi dan Dewan              Ketentuan mengenai kehadiran Dewan                  Halaman 153-161
anggota Dewan Komisaris     Komisaris hadir dalam RUPST            Komisaris dan Direksi dalam RUPS, diatur             (Rapat Umum
Perusahaan Terbuka hadir tahun 2024.                               dalam Anggaran Dasar Perseroan yang                Pemegang Saham)
dalam RUPST.                                                       ditetapkan tanggal 13 Oktober 2015.
                                                                   Ketentuan tersebut diimplementasikan pada
                                                                   RUPST tahun 2024, di mana kehadiran
                                                                   Dewan Komisaris dan Direksi dicantumkan
                                                                   dalam Berita Acara RUPST tahun 2024.

All members of the Board of All of the Board of Directors and      The provisions on the attendance of the              Page 153-161
Directors and members of the the Board of Commissioners            Board of Commissioners and the Board of            (General Meeting
Board of Commissioners of attended the 2024 Annual GMS.            Directors in the GMS, are regulated under the      Of Shareholders)
Public Companies present at                                        Company’s Articles of Association set forth on
the GMS.                                                           13 October 2015. This provision was applied
                                                                   in the annual GMS of the year 2024, where
                                                                   the attendance of the Board of Commissioner
                                                                   and the Board of Directors is contained in
                                                                   the Minutes of Meeting of the Annual GMS of
                                                                   2024.
Ringkasan     risalah     RUPS      Ringkasan risalah RUPS telah •     Ketentuan mengenai informasi ringkasan          Halaman 52-53
tersedia dalam situs website        tersedia dalam situs website       risalah RUPS dalam situs website Perseroan      (Informasi situs
Perseroan Terbuka paling            Perseroan www.bakrieland.com       telah diatur dalam Kebijakan Situs             website Perseroan)
sedikit selama 1 (satu) tahun.      selama minimal 3 (tiga) tahun.     Website Perseroan yang disahkan dalam
                                                                       SK Direksi No. 006/DIRPerseroan
                                                                                                                                           Bakrieland Annual Report 2024




                                                                   •   SKD/V/2017, yang mengatur mengenai
                                                                       masa penyimpanan isi website.

Summary of the GMS Minutes          A Summary of the GMS •             The provisions on information on GMS              Page 52-53
of Meeting is available on          Minutes of Meeting is available    minutes of meeting provided in the              (Informasi situs
Public Company’s website for        on the Company website             Company website are regulated in the           website Company)
at least for 1 (one) year period.   www.bakrieland.com      for   a    Company Website Policy ratified under
                                    minimum of 3 (three) years.        the Board of Directors Decision No. 006/
                                                                       DIRPerseroan
                                                                   •   SKD/V/2017 that stipulates the shelf life of
                                                                       the website content.



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                                                        Prinsip II: Meningkatkan Kualitas Komunikasi Dengan Pemegang Saham Atau Investor
                                                              Principle II: Improving Communication Quality with Shareholders or Investors
                                          Rekomendasi                      Tanggapan                                  Alasan                         Keterangan
                                         Recommendation                     Response                                  Reason                          Remarks
                                   Perusahaan Terbuka memiliki    Perseroan   telah    memiliki Kebijakan komunikasi dengan pemegang -
                                   suatu kebijakan komunikasi     kebijakan komunikasi dengan saham atau investor diatur dalam SK Direksi
                                   dengan pemegang saham          pemegang saham atau investor. tentang Kebijakan Komunikasi dengan Para
                                   atau investor.                                               Pemegang Saham Perseroan, yang disahkan
                                                                                                dalam SK Direksi No. 125/SK/DIR-BLD/VII/08
                                                                                                tentang Kebijakan Komunikasi dengan Para
                                                                                                Pemegang Saham.

                                   Public Company retains a       The Company retains the The policy on communication with
                                   communication policy with      policy on communication with shareholders or investors is regulated in the
                                   shareholders or investors.     shareholders or investors.   Decision Letter of the Board of Directors on
                                                                                               Communication Policy with the Company’s
                                                                                               Shareholders, ratified under the Board of
                                                                                               Directors Decision No. 125/SK/DIR-BLD/
                                                                                               VII/08 on Communication with Shareholders.
                                   Perusahaan Terbuka             Perseroan telah mencantumkan      Di    dalam    situs  website   Perseroan      Halaman 52-53
                                   Mengungkapkan kebijakan        kebijakan Komunikasi Perseroan    diungkapkan adanya Kebijakan Komunikasi        (Informasi situs
                                   komunikasi Perseroan           dengan pemegang saham di          dengan Pemegang Saham, Pedoman Dewan,         website Perseroan)
                                   Terbuka dengan pemegang        dalam situs website Perseroan.    dan Pedoman Perilaku yang mengatur
                                   saham atau investor dalam                                        mengenai adanya mekanisme komunikasi
                                   situs website Perseroan.                                         Perseroan dengan pemegang saham, di mana
                                                                                                    Perseroan mengangkat Sekretaris Perseroan
                                                                                                    yang bertugas sebagai pejabat penghubung
                                                                                                    antara Perseroan dan organ Perseroan serta
                                                                                                    stakeholders.

                                   Public Company discloses       The Company discloses the         The Company website discloses the                Page 52-53
                                   Public Company’s               Company’s       Communication     Communication Policy with Shareholders,        (Informasi situs
                                   communication policy with      policy with shareholders on the   the Board Manual, and the Code of Conduct     website Company)
                                   shareholders or investors on   Company’s website.                that regulate the Company’s communication
                                   the Company website.                                             mechanism with shareholders, where the
                                                                                                    Company appoints the Corporate Secretary
                                                                                                    assigned as the liaison officer between the
                                                                                                    Company and the Company organs as well
                                                                                                    as the stakeholders.
                                                                            Aspek 2: Fungsi dan Peran Dewan Komisaris
                                                                                  Aspek 3: Fungsi dan Peran Direksi
                                                                      Aspect 2: Function and Role of the Board of Commissioners
                                                                        Aspect 3: Function and Role of the Board of Directors
                                                         Prinsip III dan V: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris dan Direksi
                                        Principle III and V: Strengthening Membership and Composition of the Board of Commissioners and the Board of Directors
                                          Rekomendasi                      Tanggapan                                  Alasan                         Keterangan
                                         Recommendation                     Response                                  Reason                          Remarks
                                   Penentuan jumlah               Perseroan telah memiliki          Ketentuan tersebut tercantum di dalam:           Halaman 161
                                   anggota Dewan Komisaris        ketentuan mengenai:               • Anggaran Dasar Perseroan yang               (Komposisi Dewan
Bakrieland Laporan Tahunan 2024




                                   mempertimbangkan kondisi       • Jumlah anggota Dewan               disahkan pada 13 Oktober 2015;                 Komisaris)
                                   Perseroan Terbuka                 Komisaris dan Direksi yang     • Panduan Pelaksanaan GCG, yang
                                                                     mempertimbangkan kondisi          mengatur mengenai jumlah, komposisi,
                                                                     Perseroan.                        kriteria, tugas, tanggung jawab, dan
                                                                  • Komposisi anggota Dewan            rapat Dewan Komisaris dan Direksi, yang
                                                                     Komisaris dan Direksi             disahkan dalam SK Direksi dan Dewan
                                                                     yang memperhatikan                Komisaris No. 003/Dir-Kom/Perseroan/
                                                                     keberagaman keahlian,             SK/IX/2011;
                                                                     pengetahuan,dan                • Pedoman Dewan (Board Manual), yang
                                                                     pengalaman yang                   mengatur persyaratan,keanggotaan,
                                                                     dibutuhkan.                       komposisi, tugas, wewenang, hak,
                                                                                                       tanggung jawab, pengaturan rapat, dan
                                                                                                       masa jabatan Dewan Komisaris dan
                                                                                                       Direksi, yang disahakan dalam SK Direksi
                                                                                                       dan Dewan Komisaris No. 001/KOM-DIR-
144                                                                                                    PERSEROAN/SK/I/2016
Page 147
       Rekomendasi                         Tanggapan                                   Alasan                          Keterangan
      Recommendation                        Response                                   Reason                           Remarks
Determine the number             The Company retains the policy      The provisions are contained in the                 Page 161
of members of the Board          on the following:                   following:                                         (Composition
of Commissioners with            • Number of members of the          • The Company’s Articles of Association           of the Board of
consideration of the                Board of Commissioners               ratified on 13 October 2015;                  Commissioners)
conditions of the Public            and the Board of Directors       • Guidelines on GCG Implementation
Company                             with consideration of the            that regulate the number, composition,
                                    Company’s condition.                 criteria, duty, authority, rights,
                                 • Composition of members of             responsibility, meeting setup, and term
                                    the Board of Commissioners           of office of the Board of Commissioners
                                    and the Board of Directors           and the Board of Directors, ratified in
                                    with taking into account the         the Board of Directors and the Board of
                                    diversity of skills, knowledge       Commissioners Decision No. 001/KOM-
                                    and experience required.             DIR-PERSEROAN/SK/I/2016
Penentuan jumlah anggota                 Telah dipenuhi              -                                             -
Direksi mempertimbangkan
kondisi Perseroan Terbuka.

Determine the number of                    Completed
members of the Board of
Directors with consideration
of the Public Company’s
condition.

Penentuan komposisi                      Telah dipenuhi              -                                             -
anggota Dewan Komisaris
memperhatikan keberagaman
keahlian, pengetahuan, dan
pengalaman yang
dibutuhkan.

Determine the composition                  Completed
of members of the Board
of Commissioners with
consideration of the diversity
of expertise, knowledge, and
experience required.

Penentuan komposisi                      Telah dipenuhi              -                                             -
anggota Direksi
memperhatikan
keberagaman keahlian,
pengetahuan, dan
pengalaman yang
dibutuhkan.

Determine the composition                  Completed
of members of the Board of
Directors with consideration
of the diversity of expertise,
                                                                                                                                         Bakrieland Annual Report 2024




knowledge, and experience
required.




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                                          Rekomendasi                        Tanggapan                                  Alasan                            Keterangan
                                         Recommendation                       Response                                  Reason                             Remarks
                                   Anggota Direksi yang                    Telah dipenuhi            -                                                -
                                   membawahi bidang
                                   akuntansi atau keuangan
                                   memiliki keahlian dan/atau
                                   pengetahuan di bidang
                                   akuntansi.

                                   Members of the Board of                   Completed
                                   Directors who oversee
                                   the accounting or finance
                                   department have the
                                   expertise and/or knowledge
                                   in accounting.
                                            Prinsip IV dan VI: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris dan Direksi
                                     Principle IV and IV: Improving Quality of the Implementation of Duties and Responsibilities of the Board of Commissioners and the
                                                                                             Board of Directors
                                          Rekomendasi                        Tanggapan                                  Alasan                            Keterangan
                                         Recommendation                       Response                                  Reason                             Remarks
                                   Dewan Komisaris mempunyai       Dalam pelaksanaannya,             •   Ketentuan tersebut tercantum dalam
                                   kebijakan penilaian sendiri     penilaian kinerja Dewan               Pedoman Dewan (Board Manual) yang
                                   (self-assessment) untuk         Komisaris Perseroan dilakukan         disahkan dalam SK Direksi dan Komisaris
                                   menilai kinerja Dewan           oleh Pemegang Saham dalam             PT Bakrieland Development Tbk No. 001/
                                   Komisaris.                      Rapat Umum Pemegang                   KOM- DIR-PERSEROAN/SK/I/2016 tentang
                                                                   Saham.                                Pengesahan Board Manual.
                                                                                                     •   Terdapat SK Dewan Komisaris No. 198/
                                                                                                         KOM-BLD/SK/XII/09 tentang Tata Cara
                                                                                                         Evaluasi Kinerja Direksi, Dewan Komisaris
                                                                                                         dan Komite di bawah Dewan Komisaris.
                                                                                                     •   Pedoman tersebut menjelaskan bahwa
                                                                                                         penilaian Kinerja Dewan Komisaris
                                                                                                         dilakukan oleh Pemegang Saham dalam
                                                                                                         Rapat Umum Pemegang Saham Tahunan
                                                                                                         (RUPST), dengan berdasarkan ukuran
                                                                                                         KPI yang berdasarkan fungsi, tugas,
                                                                                                         dan tanggung jawabnya sebagaimana
                                                                                                         yang tercantum dalam Anggaran Dasar
                                                                                                         Perseroan.

                                   The Board of Commissioners      In its implementation, the        •   The provisions are contained in the Board
                                   retains the policy on self-     performance assessment                Manual, ratified by the Board of Directors
                                   assessment to evaluate the      of the Company’s Board of             and the Board of Commissioners of
                                   performance of the Board of     Commissioners is carried              PT Bakrieland Development Tbk Decree
                                   Commissioners.                  out by the Shareholders               No. 001/KOM- DIR-PERSEROAN/SK/I/2016
                                                                   at the General Meeting of             regarding the Ratification of the Board
                                                                   Shareholders.                         Manual
                                                                                                     •   The Board of Commissioners Decision
                                                                                                         No. 198/KOM-BLD/SK/XII/09 regarding
                                                                                                         Performance Assessment Procedures
Bakrieland Laporan Tahunan 2024




                                                                                                         of the Board of Directors, the Board of
                                                                                                         Commissioners and the Committees
                                                                                                         under the Board of Commissioners
                                                                                                     •   The guideline explains that Performance
                                                                                                         Assessment       of    the    Board     of
                                                                                                         Commissioners is carried out by the
                                                                                                         Shareholders at the Annual General
                                                                                                         Meeting of Shareholders (AGMS), based
                                                                                                         on KPI measurements that refer to the
                                                                                                         function, duties, and responsibilities as
                                                                                                         mentioned in the Company’s Articles of
                                                                                                         Association.




146
Page 149
       Rekomendasi                          Tanggapan                                  Alasan                         Keterangan
      Recommendation                         Response                                  Reason                          Remarks
Kebijakan penilaian sendiri       Dalam pelaksanaannya,             •   Ketentuan tersebut tercantum dalam
(self- assessment) untuk          penilaian kinerja Komisaris           Pedoman Dewan (Board Manual) yang
menilai kinerja Dewan             Perseroan dilakukan oleh              disahkan dalam SK Direksi dan Komisaris
Komisaris diungkapkan             Pemegang Saham dalam Rapat            PT Bakrieland Development Tbk No. 001/
melalui Laporan Tahunan           Umum Pemegang                         KOM-DIRPERSEROAN/SK/I/2016 tentang
Perseroan Terbuka.                Saham.                                Pengesahan Board Manual.
                                                                    •   Terdapat SK Dewan Komisaris No. 198/
                                                                        KOM-BLD/SK/XII/09 tentang Tata Cara
                                                                        Evaluasi Kinerja Direksi, Dewan Komisaris
                                                                        dan Komite di bawah Dewan Komisaris.
                                                                    •   Pedoman tersebut menjelaskan bahwa
                                                                        penilaian Kinerja Direksi dilakukan
                                                                        oleh Pemegang Saham dalam RUPST,
                                                                        dengan berdasarkan ukuran KPI yang
                                                                        berdasarkan fungsi, tugas, dan tanggung
                                                                        jawabnya sebagaimana yang tercantum
                                                                        dalam Anggaran Dasar Perseroan.
The policy on self-assessment     In     its     implementation, •      The provisions are contained in the
to evaluate the performance of    performance         assessment        Board Manual, ratified under the Decree
the Board of Commissioners        of the Company’s Board of             of the Board of Directors and the Board
is disclosed in the Annual        Commissioners is carried out by       of Commissioners of PT Bakrieland
Reports of Public Companies.      the Shareholders at the General       Development        Tbk    No.   001/KOM-
                                  Meeting of Shareholders.              DIRPERSEROAN/SK/I/2016 regarding the
                                                                        Ratification of the Board Manual.
                                                                    •   Decision of the Board of Commissioners
                                                                        No. 198/KOM-BLD/SK/XII/09 regarding
                                                                        Performance Assessment Procedures
                                                                        of the Board of Directors, the Board of
                                                                        Commissioners, and the Committees
                                                                        under the Board of Commissioners
Kebijakan penilaian sendiri       Perseroan telah melaksanakan      Kebijakan mengenai penilaian kinerja -
(self-assessment) untuk menilai   pengungkapan atas kebijakan       Dewan Komisaris dicantumkan dalam
kinerja    Dewan     Komisaris    penilaian    kinerja  Dewan       Pedoman Dewan (Board Manual) yang
diungkapkan melalui Laporan       Komisaris    dalam   Laporan      telah diungkapkan dalam Laporan Tahunan
Tahunan Perseroan Terbuka.        Tahunan Perseroan.                Perseroan setiap tahun.

The policy on self-assessment     The Company disclosed the         The policy on performance assessment of the
to evaluate the performance of    Board     of   Commissioners’     Board of Commissioners is contained in the
the Board of Commissioners is     performance assessment policy     Board Manual disclosed in the Company’s
disclosed through the Annual      in the Company’s Annual Report.   Annual Report every year.
Reports of Public Companies.
Kebijakan penilaian sendiri       Perseroan telah melaksanakan      Kebijakan mengenai penilaian kinerja              Halaman 170
(self- assessment) untuk          pengungkapan atas kebijakan       Direksi dicantumkan dalam Pedoman Dewan         (Kriteria Penilaian
menilai kinerja Direksi           penilaian kinerja Direksi dalam   (Board Manual) yang telah diungkapkan                 Kinerja)
diungkapkan melalui Laporan       Laporan Tahunan Perseroan.        dalam Laporan Tahunan Perseroan setiap
Tahunan Perseroan Terbuka.                                          tahun.

The policy on the self-           The Company disclosed             The policy on the performance assessment            Page 170
assessment to evaluate the        the Board of Directors’           of the Board of Directors is contained in the     (Performance
                                                                                                                                          Bakrieland Annual Report 2024




performance of the Board of       performance assessment            Board Manual disclosed in the Company’s            Assessment
Directors is disclosed through    policy in the Company’s Annual    Annual Report every year.                            Criteria)
the Annual Reports of Public      Report.
Companies.




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                                          Rekomendasi                       Tanggapan                                  Alasan                           Keterangan
                                         Recommendation                      Response                                  Reason                            Remarks
                                   Dewan Komisaris mempunyai       Perseroan   telah     memiliki Kebijakan mengenai pengunduran diri                   Halaman 162
                                   kebijakan terkait pengunduran   kebijakan            mengenai Dewan Komisaris diatur dalam Pedoman                 (Kriteria Penilaian
                                   diri anggota Dewan Komisaris    pengunduran     diri   Dewan Dewan (Board Manual) yang disahkan dalam                    Kinerja)
                                   apabila     terlibat    dalam   Komisaris.                     SK Direksi dan Komisaris PT Bakrieland
                                   kejahatan keuangan.                                            Development   Tbk   No.    001/KOM-DIR-
                                                                                                  PERSEROAN/SK/I/2016 tentang Pengesahan
                                                                                                  Board Manual.

                                   The Board of Commissioners The Company retains the policy        The policy on the resignation of members              Page 162
                                   retains the policy related to on the resignation of a member     of the Board of Commissioners is stipulated         (Performance
                                   the resignation of a member of of the Board of Commissioners.    in the Board Manual, ratified in the Decree          Assessment
                                   the Board of Commissioners if                                    of the Board of Directors and the Board                Criteria)
                                   the concerned is involved in                                     of Commissioners of PT Bakrieland
                                   financial crime.                                                 Development        Tbk   No.   001/KOM-DIR-
                                                                                                    PERSEROAN/SK/I/2016         regarding   the
                                                                                                    Ratification of the Board Manual.
                                   Direksi mempunyai kebijakan Perseroan    telah     memiliki      Kebijakan mengenai pengunduran diri                 Halaman 169
                                   terkait  pengunduran     diri kebijakan           mengenai       Direksi diatur dalam Pedoman Dewan (Board          (Pedoman Tata
                                   anggota    Direksi   apabila pengunduran diri Direksi.           Manual) yang disahkan dalam SK Direksi           Tertib Kerja Direksi)
                                   terlibat  dalam    kejahatan                                     dan Komisaris PT Bakrieland Development
                                   keuangan.                                                        Tbk No.001/KOMDIR-PERSEROAN/SK/I/2016
                                                                                                    tentang Pengesahan Board Manual.

                                   The Board of Directors The Company holds the policy              The policy on the resignation of members             Page 169
                                   reserves the policy related to on the resignation of a members   of the Board of Directors is stipulated in        (Work Procedure
                                   the a resignation of a member of the Board of Directors.         the Board Manual, ratified by the Board of        Guidelines of the
                                   of the Board of Directors if                                     Directors and the Board of Commissioners         Board of Directors)
                                   involved in financial crime.                                     of PT Bakrieland Development Tbk Decree
                                                                                                    No.001/KOMDIR-PERSEROAN/SK/I/2016
                                                                                                    regarding the Ratification of the Board
                                                                                                    Manual.
                                   Dewan Komisaris atau Komite     Perseroan telah memiliki         •   Kebijakan mengenai proses nominasi               Halaman 181
                                   yang menjalankan fungsi         kebijakan yang mengatur              anggota Direksi diatur dalam Piagam           (Komite Nominasi
                                   Nominasi dan Remunerasi         tentang proses nominasi              Komite Nominasi dan Remunerasi                 dan Remunerasi)
                                   menyusun kebijakan suksesi      anggota Direksi.                     yang ditetapkan tanggal 5 Juni 2015
                                   dalam    proses    Nominasi                                          dan dalam SK Dewan Komisaris
                                   anggota Direksi.                                                     No.001/KOM-PERSEROAN/SKDK/I/2017
                                                                                                        tentang Perubahan Susunan Keanggotaan
                                                                                                        Komite Nominasi dan Remunerasi. Di
                                                                                                        dalam Pedoman Dewan (Board Manual)
                                                                                                        yang disahkan dalam SK Direksi dan
                                                                                                        Komisaris PT Bakrieland Development
                                                                                                        Tbk    No.     001/KOMDIR-PERSEROAN/
                                                                                                        SK/I/2016 tentang Pengesahan
                                                                                                    •   Board Manual, dinyatakan bahwa Dewan
                                                                                                        Komisaris dan Direksi memiliki komitmen
                                                                                                        yang tinggi untuk secara bersama-
                                                                                                        sama     merealisasikan     kelangsungan
                                                                                                        usaha Perseroan dalam jangka panjang
Bakrieland Laporan Tahunan 2024




                                                                                                        yang tercermin pada terlaksananya
                                                                                                        suksesi kepemimpinan dan kontinuitas
                                                                                                        manajemen      di    jajaran    organisasi
                                                                                                        Perseroan.




148
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       Rekomendasi                         Tanggapan                                  Alasan                           Keterangan
      Recommendation                        Response                                  Reason                            Remarks
The Board of Commissioners       The Company retains the policy •     The policy on the nomination process              Page 181
or the Committee that carries    that regulates the nomination        of members of the Board of Directors           (Nomination and
out the function of Nomination   process of members of the            is regulated in the Nomination and              Remuneration
and Remuneration formulates      Board of Directors.                  Remuneration        Committee        Charter     Committee)
the succession policy in                                              validated on 5 June 2015 and the
the process of Nominating                                             Decision of the Board of Commissioners
members of the Board of                                               No.001/KOM-PERSEROAN/SKDK/I/2017
Directors.                                                            regarding Change in the Composition of
                                                                      the Membership of the Nomination and
                                                                      Remuneration Committee.
                                                                  •   In the Board Manual, ratified in the Decree
                                                                      of the Board of Directors and the Board
                                                                      of Commissioners of PT Bakrieland
                                                                      Development        Tbk     No.001/KOMDIR-
                                                                      PERSEROAN/SK/I/2016 regarding the
                                                                      Ratification of the Board Manual, it is
                                                                      stated that the Board of Commissioners
                                                                      and the Board of Directors are highly
                                                                      committed to jointly actualizing the
                                                                      Company’s long-term business continuity,
                                                                      which is reflected in the implementation of
                                                                      leadership succession and management
                                                                      continuity in the Company’s organizational
                                                                      structure.
                                             Aspek 4: Partisipasi Pemangku Kepentingan
                                              Aspect 4: Participation of the Stakeholders
               Prinsip VII: Meningkatkan Aspek Tata Kelola Perseroan Melalui Partisipasi Pemangku Kepentingan
               Principle VII: Improving the Company’s Governance Aspect Through the Participation of Stakeholders
       Rekomendasi                         Tanggapan                                  Alasan                           Keterangan
      Recommendation                        Response                                  Reason                            Remarks
Perusahaan Terbuka memiliki      Perseroan telah memiliki         Kebijakan tersebut dicantumkan dalam:        -
kebijakan untuk mencegah         kebijakan untuk mencegah         • Panduan Pelaksanaan GCG, yang
terjadinya insider trading.      terjadinya insider trading.        disahkan dalam SK Direksi dan Dewan
                                                                    Komisaris No. 003/Dir-Kom/Perseroan/
                                                                    SK/IX/2011 tentang Pengesahan Panduan
                                                                    Pelaksanaan GCG, yang menyatakan
                                                                    bahwa Perseroan berkomitmen untuk
                                                                    menyebarluaskan larangan transaksi efek
                                                                    oleh orang dalam (insider trading).
                                                                  • Pedoman Perilaku (Code of Conduct)
                                                                    meyatakan bahwa karyawan dilarang
                                                                    terlibat dalam perdagangan surat-surat
                                                                    berharga Perseroan bila memiliki informasi
                                                                    dari dalam Perseroan yang sifatnya
                                                                    material dan bukan bersifat umum.

A Public Company retains the     The Company retains the policy   The policy is contained in the following:
policy on preventing insider     on preventing insider trading    • GCG Implementation Guidelines, ratified
trading.                         from occurring.                     in the Decree of the Board of Directors and
                                                                                                                                       Bakrieland Annual Report 2024




                                                                     the Board of Commissioners No. 003/Dir-
                                                                     Kom/Perseroan/SK/IX/2011 regarding the
                                                                     Ratification of the GCG Implementation
                                                                     Guidelines, which states that the
                                                                     Company is committed to disseminating
                                                                     the prohibition of securities transactions
                                                                     by insiders (insider trading)
                                                                  • The Code of Conduct states that
                                                                     employees are prohibited from getting
                                                                     involved in the trading of securities of the
                                                                     Company if in possession of information
                                                                     from within the Company that is material
                                                                     and not general in nature.

                                                                                                                                       149
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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                          Rekomendasi                       Tanggapan                                 Alasan                           Keterangan
                                         Recommendation                      Response                                 Reason                            Remarks
                                   Perusahaan Terbuka memiliki Perseroan telah memiliki            Di dalam Pedoman Perilaku (Code of Conduct),       Halaman 212-215
                                   kebijakan anti-korupsi dan kebijakan anti-korupsi dan           dalam hal hubungan karyawan dengan                (Sistem Pelaporan
                                   antifraud.                  anti-fraud.                         pemasok, untuk semua jenis potongan                  Pelanggaran)
                                                                                                   harga/diskon/komisi yang diberikan oleh
                                                                                                   rekanan Perseroan, baik yang tercatat atas
                                                                                                   nama Karyawan maupun Perseroan harus
                                                                                                   dibukukan sebagai keuntungan Perseroan
                                                                                                   dan bukan keuntungan pribadi Karyawan
                                                                                                   yang bersangkutan. Selain itu, Karyawan
                                                                                                   perlu melakukan kegiatan konsultasi dan lobi
                                                                                                   dengan Rekanan/Pemasok dengan mengacu
                                                                                                   kepada prinsip dan kriteria yang objektif,
                                                                                                   bukan lobi untuk kepentingan pribadi
                                                                                                   Karyawan.

                                                                                                   Karyawan Perseroan dilarang meminta
                                                                                                   atau menerima kompensasi finansial dan
                                                                                                   non finansial untuk kepentingan pribadi
                                                                                                   dengan dalih “ucapan terima kasih” dari
                                                                                                   pihak Rekanan dan Pemasok. Dalam hal
                                                                                                   kebijakan anti fraud, Perseroan memiliki
                                                                                                   kebijakan Sistem Pelaporan Pelanggaran
                                                                                                   (Whistleblowing System/WBS) yang mengatur
                                                                                                   Mekanisme       pengungkapan      tindakan
                                                                                                   pelanggaran atau perbuatan melanggar
                                                                                                   hukum perbuatan tidak etis/tidak bermoral
                                                                                                   atau perbuatan lain yang dapat merugikan
                                                                                                   organisasi maupun pemangku kepentingan.
                                   A Public Company retains the The Company has retains In the Code of Conduct, with regard to                         Page 212-215
                                   policy on anti-corruption and anti-corruption and anti-fraud employees relationships with suppliers, for           (Whistleblowing
                                   anti-fraud.                   policies.                      all types of discounts/rebates/commissions               System)
                                                                                                given by the Company’s partners, whether
                                                                                                recorded in the name of the Employee or
                                                                                                the Company, must be recorded as the
                                                                                                Company’s profit and not the personal profit
                                                                                                of the concerned Employee.

                                                                                                   Company employees are prohibited from
                                                                                                   requesting or receiving financial and non-
                                                                                                   financial compensation for personal interests
                                                                                                   under the pretext of «thank you» from Partners
                                                                                                   and Suppliers. In terms of anti-fraud policy,
                                                                                                   the Company retains the Whistleblowing
                                                                                                   System (WBS) policy that regulates the
                                                                                                   mechanism for disclosing violations or acts
                                                                                                   of violating the law, unethical/immoral acts or
                                                                                                   other actions that may harm the organization
                                                                                                   or stakeholders.
                                   Perusahaan Terbuka memiliki     Perseroan telah memiliki        Ketentuan mengenai pemasok diatur dalam
Bakrieland Laporan Tahunan 2024




                                   kebijakan tentang seleksi dan   kebijakan tentang seleksi dan   kebijakan pengadaan barang dan/atau jasa
                                   peningkatan      kemampuan      peningkatan       kemampuan     yang disahkan dalam SK Direksi No.021/
                                   pemasok atau vendor.            pemasok atau vendor.            DIRPerseroan/SK/VII/11 tentang Pengesahan
                                                                                                   Kebijakan Pengadaan Barang dan/atau Jasa.
                                                                                                   Kebijakan mengenai hal tersebut diatur dalam
                                                                                                   Panduan Pelaksanaan GCG, yang disahkan
                                                                                                   dalam SK Direksi dan Dewan Komisaris No.
                                                                                                   003/Dir-Kom/Perseroan/SK/IX/2011 tentang
                                                                                                   Pengesahan Panduan Pelaksanaan GCG.




150
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       Rekomendasi                        Tanggapan                                   Alasan                            Keterangan
      Recommendation                       Response                                   Reason                             Remarks
A Public Company retains        The Company retains the           Provisions concerning suppliers are regulated
the policy on selection         policy on the selection and       in the policy on the procurement of goods
and improvement of the          improvement of capabilities of    and/or services as ratified in Decision of the
capabilities of suppliers or    suppliers or vendors.             Board of Directors No.021/DIRPerseroan/
vendors.                                                          SK/VII/11 regarding the Ratification of the
                                                                  Policy on the Procurement of Goods and/or
                                                                  Services.
Perusahaan Terbuka memiliki Perseroan telah memiliki              Kebijakan mengenai hal tersebut diatur dalam
kebijakan tentang pemenuhan kebijakan mengenai                    Panduan Pelaksanaan GCG, yang disahkan
hak-hak kreditur.           pemenuhan hak kreditur.               dalam SK Direksi dan Dewan Komisaris No.
                                                                  003/Dir-Kom/Perseroan/SK/IX/2011 tentang
                                                                  Pengesahan Panduan Pelaksanaan GCG.

A Public Company retains the The Company retains the The policy on this matter is regulated in the
policy on fulfilling the rights of policy on fulfilling the rights of GCG Implementation Guidelines, ratified
creditors.                         creditors.                         in the Decree of the Board of Directors
                                                                      and the Board Commissioners No. 003/
                                                                      Dir-Kom/Perseroan/SK/IX/2011     regarding
                                                                      the Ratification of the GCG Implementation
                                                                      Guidelines.
Perusahaan Terbuka memiliki     Perseroan    telah memiliki Kebijakan mengenai sistem pelaporan                       Halaman 212-215
kebijakan sistem pelaporan      kebijakan sistem pelaporan pelanggaran disahkan dalam SK Direksi No.                 (Sistem Pelaporan
pelanggaran.                    pelanggaran.                118/SK/Dir-BLD/VIII/09 tentang Pembentukan                  Pelanggaran)
                                                            dan Penunjukan Tim Khusus Pengelola
                                                            Pelaporan Pelanggaran (TKPP)/WBS.

A Public Compay retains the The Company retains the policy        The policy on the violation reporting system         Page 212-215
policy on violation reporting on violation reporting system.      is ratified under the Decision of the Board         (Whistleblowing
system        (whistleblowing                                     of Directors No. 118/SK/Dir-BLD/VIII/09                System)
system).                                                          regarding the Formation and Appointment
                                                                  of the Whistleblowing System Special Team
                                                                  (TKPP)/WBS.
Perusahaan Terbuka memiliki Perseroan telah memiliki              Kebijakan mengenai pemberian insentif               Halaman 171-172
kebijakan pemberian insentif kebijakan tentang pemberian          jangka panjang diatur dalam Peraturan                 (Kebijakan
jangka    panjang     kepada insentif jangka panjang.             Perseroan tentang jaminan sosial dan               Remunerasi Dewan
Direksi dan karyawan.                                             kesejahteraan karyawan, termasuk di                  Komisaris dan
                                                                  dalamnya Jaminan Hari Tua. Selain itu,                  Direksi)
                                                                  Perseroan    juga    berkomitmen untuk
                                                                  memberikan penghargaan atas dedikasi                Halaman 233-234
                                                                  karyawan yang telah bekerja pada setiap                (Kebijakan
                                                                  masa bakti tertentu, yang diatur dalam             Remunerasi Dewan
                                                                  Peraturan Perseroan.                                 Komisaris dan
                                                                                                                           Direksi)


A Public Company retains the The Company retains the              The policy on providing long-term incentives          Page 171-172
policy on providing long-term policy on providing long-term       is stipulated in the Company Regulations             (Remuneration
incentives to the Board of incentives.                            regarding social security and employee             Policy of the Board
Directors and employees.                                          welfare, including the Pension Plan. In            of Commissioners
                                                                                                                                           Bakrieland Annual Report 2024




                                                                  addition, the Company is also committed             and the Board of
                                                                  to providing a token of appreciation for the            Directors)
                                                                  dedication of employees who have worked
                                                                  for a certain period of service, as regulated in     Page 233-234
                                                                  the Company Regulations.                               (Fair and
                                                                                                                        Competitive
                                                                                                                       Remuneration:
                                                                                                                      Compliance with
                                                                                                                     Regional Minimum
                                                                                                                          Wage)




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                                          Rekomendasi                          Tanggapan                                   Alasan                            Keterangan
                                         Recommendation                         Response                                   Reason                             Remarks
                                   Perusahaan Terbuka                Perseroan memanfaatkan             Perseroan memanfaatkan aplikasi, situs             Halaman 52-53
                                   memanfaatkan penggunaan           penggunaan media sosial            website pihak ketiga, dan media sosial             (Informasi situs
                                   teknologi informasi secara        dan software yang dapat            sebagai sarana keterbukaan informasi              website Perseroan)
                                   lebih luas selain situs website   menunjang aktivitas                dengan konsumen, yang memungkinkan
                                   Perseroan sebagai media           operasional.                       konsumen        mendapatkan          informasi,
                                   keterbukaan informasi.                                               menyampaikan keluhan, maupun kepuasan
                                                                                                        dalam menggunakan produk Perseroan, dan
                                                                                                        memudahkan Perseroan untuk menyusun
                                                                                                        laporan periodik, dapat memantau rating
                                                                                                        kompetitor, tren negatif dan positif, dan data
                                                                                                        lainnya yang diperlukan.

                                   A Public Company utilizes         The Company utilizes the social    The Company utilizes applications, third-            Page 52-53
                                   information technology            media and software that can        party websites, and social media as means of       (Informasi situs
                                   more widely in addition to        support operational activities.    information disclosure with consumers, which      website Company)
                                   the Company’s website as                                             allow consumers to obtain information, submit
                                   a medium for information                                             complaints, as well as express satisfaction in
                                   disclosure.                                                          using the Company’s products, and makes it
                                                                                                        easier for the Company to compile periodic
                                                                                                        reports, monitor competiton ratings, track
                                                                                                        negative and positive trends, and other
                                                                                                        required data.
                                   Laporan Tahunan Perseroan         Perseroan telah mengungkapkan      Di dalam Laporan Tahunan Perseroan,                   Halaman 57
                                   Terbuka       mengungkapkan       pemilik manfaat akhir dalam        pada bagian Ikhtisar Saham, diungkapkan            (Nama Pemegang
                                   pemilik manfaat akhir dalam       kepemilikan saham Perseroan        informasi mengenai komposisi pemegang             Saham Utama dan
                                   kepemilikan saham Perseroan       Terbuka paling sedikit 5%.         saham, baik yang kepemilikannya di atas               Pengendali
                                   Terbuka paling sedikit 5% (lima                                      maupun di bawah 5%.                               dengan Persentase
                                   persen), selain pengungkapan                                                                                              Kepemilikan)
                                   pemilik manfaat akhir dalam
                                   kepemilikan saham Perseroan
                                   Terbuka melalui pemegang
                                   saham utama dan pengendali.

                                   The Annual Report of a Public     The company discloses the          In the Company’s Annual Report, in the Stock          Page 57
                                   Company       discloses   the     ultimate beneficial owner of the   Overview section, information is disclosed         (Name of Major
                                   ultimate beneficial owner of      Public Company’s shares of at      regarding the composition of shareholders,         and Controlling
                                   shares in the Public Company      least 5%.                          both on the ownership of above and below          Shareholders with
                                   of at least 5% (five percent),                                       5%.                                                 Percentage of
                                   in addition to the disclosure                                                                                             Ownership)
                                   of the ultimate beneficial
                                   owner of a Public Company’s
                                   shares through the major or
                                   controlling shareholder.



                                  RENCANA PENINGKATAN KUALITAS GCG                                        PLANS FOR IMPROVEMENT OF GCG
                                  TAHUN 2025                                                              QUALITY IN 2025
Bakrieland Laporan Tahunan 2024




                                  Dengan mempertimbangkan hasil penilaian mandiri atas                    By considering the result of an independent review on GCG
                                  penerapan GCG di lingkungan Perseroan dan Entitas Anak                  implementation within the Company and Subsidiaries, the
                                  Perusahaan, Perseroan berkomitmen untuk secara konsisten                Company is committed to consistently conducting sustainable
                                  melakukan perbaikan yang berkelanjutan terhadap implementasi            improvement on GCG implementation on all aspects so that it is
                                  GCG pada segala aspek agar senantiasa selaras dengan                    always in line with regulatory developments and accommodates
                                  perkembangan regulasi dan dapat mengakomodir kompleksitas               the increasingly advancing business complexity.
                                  bisnis yang semakin maju.




152
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Pada tahun 2025 mendatang, Perseroan secara bertahap akan         In the coming year, 2025, the Company will gradually begin
mulai menerapkan prinsip GCG sesuai dengan Pedoman Umum           to apply GCG principles in accordance with the Indonesian
Governansi Korporat Indonesia (PUGKI) dan secara berkelanjutan    Corporate Governance General Guidelines and sustainably
mengimplementasikan praktik GCG dalam seluruh proses bisnis,      implement GCG practices in all business processes by endorsing
dengan mendorong keterbukaan dan akuntabilitas.                   transparency and accountability.

Pada tahun 2025, program untuk meningkatkan kualitas GCG          In the year 2025, the program to improve GCG quality will also
juga akan melibatkan Unit Usaha. Di antaranya adalah program      involve the Business Units. Among others, the Risk Champion
Risk Champion. Risk Champion adalah individu yang memiliki        program. Risk Champion is the individual with the responsibility
tanggung jawab dan fungsi dalam memantau risiko di dalam          and function in monitor risks within the organization. Risk
organisasi. Risk Champion merupakan penggerak/katalisator         Champion is the catalyst for the risk management activities
bagi aktivitas manajemen risiko dan berperan penting dalam        and takes an important role in implementing effective risk
penerapan manajemen risiko yang efektif.                          management.

Selain itu, Perseroan juga berkomitmen untuk menerapkan           Moreover, the Company is also committed to apply compliance
kepatuhan terhadap peraturan perundang-undangan yang              to prevailing laws and regulations, including regulations on
berlaku termasuk regulasi pasar modal dan secara berkelanjutan    the capital market and to sustainably strengthen the Board
memperkuat pengawasan Dewan Komisaris melalui peran Komite        of Commissioners’s supervision through the role of the Audit
Audit dalam melakukan penelaahan laporan keuangan sebelum         Committee in reviewing financial reports before submission to
menyampaikan kepada regulator.                                    regulator



RAPAT UMUM PEMEGANG SAHAM                                         GENERAL MEETING OF SHAREHOLDERS

Rapat Umum Pemegang Saham (RUPS) merupakan organ                  The General Meeting of Shareholders (GMS) is the highest organ
tertinggi dalam struktur tata kelola Perseroan yang mempunyai     in the Company’s governance structure with all the rights and
segala hak dan kewenangan yang tidak dimiliki oleh Direksi atau   authorities not possessed by the Board of Directors or the Board
Dewan Komisaris. Selain itu RUPS juga berfungsi sebagai wadah     of Commissioners. Moreover, the GMS also functions as the
bagi para pemegang saham untuk mengambil keputusan strategis      forum for shareholders to make strategic decisions related to
terkait pengurusan Perseroan. Keputusan yang diambil dalam        the management of the Company. Decisions made in the GMS
RUPS didasarkan pada kepentingan Perseroan, serta dilakukan       are based on the Company’s interests and are undertaken in
secara wajar dan transparan.                                      a reasonable and transparent manner.

Mengacu pada Anggaran Dasar Perseroan dan peraturan               Referring to the Company Articles of Association and applicable
perundang-undangan yang berlaku, Perseroan mengenal 2             laws and regulations, the Company understands 2 (two) types
(dua) jenis RUPS, yaitu RUPS Tahunan dan RUPS Luar Biasa.         of GMS, namely the Annual GMS and the Extraordinary GMS.
Pelaksanaan RUPS Tahunan wajib dilakukan dalam jangka             The Annual GMS is compulsory to be held at the latest within
waktu paling lambat 6 (enam) bulan setelah tahun buku berakhir,   6 (six) months following the end of the fiscal year, while the
sedangkan RUPS Luar BIasa dapat dilakukan sewaktu-waktu atas      Extraordinary GMS can be held at any time upon request of the
permintaan Direksi atau pemegang saham yang memiliki hak          Board of Directors or the shareholders with a minimum of 10%
suara minimal 10% dari total suara yang dikeluarkan Perseroan.    of the total voting rights issued by the Company.

RUPS Tahunan 2024                                                 Annual GMS In 2024
                                                                                                                                     Bakrieland Annual Report 2024




Perseroan menyelenggarakan RUPS Tahunan pada tanggal 30           The Company held the Annual GMS on 30 May 2024 (at 14:39
Mei 2024 (pukul 14.39 – 14.48 WIB), bertempat di The Bridge       – 14:48 Western Indonesia Time), at The Bridge Function Room
Function Room – Hotel Horison Suites & Residences Rasuna          – Horison Suites & Residences Rasuna Jakarta Hotel, Rasuna
Jakarta, Kawasan Rasuna Epicentrum, Jl. H.R. Rasuna Said –        Epicentrum, Jl. H.R. Rasuna Said – South Jakarta.
Jakarta Selatan.




                                                                                                                                     153
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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  Kehadiran Dewan Komisaris dan Direksi
                                  Attendance of the Board Commissioners and the Board of Directors
                                                                                            Dewan Komisaris
                                                                                          Board of Commissioners
                                   Bambang Irawan Hendradi                                                Presiden Komisaris | President Commissioner
                                   Armansyah Yamin                                                        Komisaris | Commissioner
                                   Doktorandus Kanaka Puradiredja                                         Komisaris Independen | Independent Commissioner
                                                                                                  Direksi
                                                                                             Board of Directors
                                   Ambono Janurianto                                                      Presiden Direktur | President Director
                                   Fandrizal                                                              Direktur | Director
                                   Djafarullah                                                            Direktur | Director

                                  Pihak Independen untuk Perhitungan Suara dalam                           Independent Party to Vote Count at the 2024 GMS
                                  RUPST 2024
                                  Pada pelaksanaan RUPS Tahunan yang diselenggarakan tanggal               In the Annual GMS held on 30 May 2024, the Company assigned
                                  30 Mei 2024, Perseroan menggunakan pihak independent untuk               an independent party to conduct the vote count, namely Notary
                                  melakukan perhitungan suara, yaitu Kantor Notaris Aryanti Artisari,      Office of Aryanti Artisari, S.H., M.Kn.
                                  S.H., M.Kn.

                                  Kehadiran Pemegang Saham atau Kuasanya                                   Attendance of the Shareholders or Proxies
                                  Sebanyak 3.362.180.176 saham (7,72%) dari seluruh saham yang             A total of 3,362,180,176 shares (7.72%) of the total 43,521,913,019
                                  telah ditempatkan dan disetor penuh hingga saat Rapat yaitu              shares placed and fully paid up until the time of the Meeting.
                                  sebanyak 43.521.913.019 saham.

                                  Hasil Keputusan RUPST 2024
                                  Resolutions of 2024 GMS
                                                         Mata Acara                                     Keputusan                                   Realisasi
                                       No
                                                          Agenda                                         Decision                                  Realization
                                   1        Persetujuan      atas      laporan        Sesuai dengan ketentuan Pasal 86 ayat        Dilaksanakan Rapat Kedua Atas Rapat
                                            pertanggungjawaban Direksi tentang        (1) Undang-Undang Nomor 40 Tahun             Umum Pemegang Saham Tahunan pada
                                            jalannya Perseroan untuk tahun            2007 (selanjutnya disebut “UUPT”), Pasal     tanggal 13 Juni 2024.
                                            buku yang berakhir pada tanggal 31        41 ayat (1) huruf a Peraturan OJK Nomor
                                            Desember 2023./                           15 Tahun 2020, dan Pasal 11 ayat 2 huruf     The Second Meeting of the Annual
                                                                                      a Anggaran Dasar Perseroan, Rapat            General Meeting of Shareholders was
                                            Approval of the accountability report     hanya sah dan mengikat apabila dihadiri      held on 13 June 2024.
                                            of the Board of Directors on the          oleh para pemegang saham dan/atau
                                            management of the Company for             kuasa mereka yang sah yang mewakili
                                            the financial year that ended on 31       lebih dari 1/2 (satu per dua) bagian dari
                                            December 2023.                            seluruh saham yang telah dikeluarkan
                                                                                      oleh Perseroan.
Bakrieland Laporan Tahunan 2024




154
Page 157
                       Mata Acara                                  Keputusan                                 Realisasi
     No
                        Agenda                                      Decision                                Realization
 2        Persetujuan dan Pengesahan atas          Bahwa jumlah saham yang dihadiri
          Laporan    Posisi   Keuangan     dan     oleh pemegang saham dan/atau wakil
          Laporan Laba/Rugi dan Penghasilan        mereka yang sah dalam Rapat adalah
          Komprehensif Lain Perseroan untuk        sejumlah 3.362.180.176 saham atau
          tahun buku yang berakhir pada tanggal    sama dengan 7,72% dari seluruh saham
          31 Desember 2023.                        yang telah dikeluarkan oleh Perseroan,
                                                   sehingga Rapat dinyatakan tidak
          Approval and ratification of the         memenuhi ketentuan kuorum mengenai
          Company’s Financial Position Report      kehadiran dan tidak berhak untuk
          and Report on Profit-Loss and Other      mengambil keputusan-keputusan yang
          Comprehensive Income for the financial   sah dan mengikat mengenai hal-hal yang
          year, which ended on 31 December         disebutkan dalam Mata Acara Rapat.
          2023.
                                                  Oleh     karenanya      akan      diadakan
 3        Persetujuan     penunjukkan      Kantor
                                                  pemanggilan       rapat    kedua      yang
          Akuntan Publik Independen untuk
                                                  mana waktu dan pemanggilannya
          melakukan audit atas buku Perseroan
                                                  akan ditentukan selanjutnya dengan
          untuk tahun buku 2024.
                                                  memperhatikan ketentuan Anggaran
                                                  Dasar Perseroan, UUPT, dan Peraturan
          Approval on the appointment of the
                                                  OJK Nomor 15 Tahun 2020.
          Independent Public Accounting Firm to
          audit the Company’s books for the 2024
                                                  According to Article 86 paragraph
          financial year.
                                                  (1) Law No. 40 Year 2007 (hereafter
                                                  referred to as «UUPT»), Article 41
 4        Perubahan susunan anggota Direksi paragraph (1) letter a of OJK Regulation
          dan Dewan Komisaris.                    No. 15 Year 2020, and Article 11 paragraph
                                                  2 letter a of the Company Articles of
          Change in the composition of members Association, the Meeting is only valid and
          of the Board of Directors and the Board binding if attended by the shareholders
          of Commissioners.                       and/or their legitimate proxies that
                                                  represent more than ½ (one half) of the
                                                  total shares issued by the Company.

                                                   The number of shares attended by the
                                                   shareholders and/or their legitimate
                                                   proxies in the Meeting totaled
                                                   3,362,180,176 shares, or the equivalent
                                                   of 7.72% of the total shares issued by the
                                                   Company, therefore the Meeting was
                                                   declared not having met the quorum
                                                   requirements regarding attendance
                                                   and was not entitled to make legal and
                                                   binding decisions regarding the matters
                                                   mentioned in the Meeting Agenda.

                                                   For this reason, a second meeting
                                                   invitation will be held of which the time
                                                   and invitation will be further determined
                                                   by taking into account the provisions of
                                                   the Company’s Articles of Association,
                                                   UUPT, and OJK Regulation No. 15 Year
                                                                                                                                          Bakrieland Annual Report 2024




                                                   2020.


Sehubungan dengan tidak terpenuhinya kuorum pada                      In connection with the failure to meet quorum at the First Annual
RUPS Tahunan Pertama pada 30 Mei 2024, Perseroan                      GMS on May 30, 2024, the Company held the Second Annual
menyelenggarakan RUPST kedua pada tanggal 13 Juni 2024                GMS on 13 June 2024 (at 14:45 – 16:10 Western Indonesia Time),
(pukul 14.45 – 16.10 WIB), bertempat di The Bridge Function Room      at the The Bridge Function Room – Horison Suites & Residences
– Hotel Horison Suites & Residences Rasuna Jakarta, Kawasan           Rasuna Jakarta Hotel, Rasuna Epicentrum, Jl. H.R. Rasuna Said,
Rasuna Epicentrum, Jl. H.R. Rasuna Said, Jakarta Selatan.             South Jakarta.




                                                                                                                                          155
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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  Kehadiran Dewan Komisaris dan Direksi
                                  Attendance of the Board of Commissioners and the Board of Directors
                                                                Nama                                                         Dewan Komisaris
                                                                Name                                                       Board of Commissioners
                                   Bambang Irawan Hendradi                                           Presiden Komisaris | President Commissioner
                                   Armansyah Yamin                                                   Komisaris | Commissioner
                                   Kanaka Puradiredja                                                Independen Komisaris | Independent Commissioner
                                                                Nama                                                              Direksi
                                                                Name                                                         Board of Directors
                                   Ambono Janurianto                                                 Presiden Direktur | President Director
                                   Fandrizal                                                         Direktur | Director
                                   Djafarullah                                                       Direktur | Director

                                  Pihak Independen untuk Perhitungan Suara dalam                      Independent Party to Vote Count at 2024 Annual GMS
                                  RUPST 2024
                                  Pada pelaksanaan RUPS Tahunan yang diselenggarakan                  In the implementation of the Annual GMS held on 13 June 2024,
                                  tanggal 13 Juni 2024 Perseroan menggunakan pihak                    the Company assigned an independent party to count the votes,
                                  independen untuk melakukan perhitungan suara, yaitu Kantor          namely Notary Office of Aryanti Artisari, S.H., M.Kn.
                                  Notaris Aryanti Artisari, S.H., M.Kn.

                                  Kehadiran Pemegang Saham atau Kuasanya                              Attendance of the Shareholdes or Proxies
                                  Sebanyak 14.671.536.192 saham (33,58%) dari seluruh saham           A total of 14,671,536,192 shares (33.58%) of the total 43,521,913,019
                                  yang telah ditempatkan dan disetor penuh hingga saat Rapat          shares placed and fully paid until the time of the Meeting.
                                  yaitu sebanyak 43.521.913.019 saham.

                                  Hasil Keputusan RUPST 2024
                                  Resolutions of 2024 Annual GMS
                                                   Mata Acara                                  Keputusan                                           Realisasi
                                    No
                                                    Agenda                                     Resolution                                         Realization
                                     1     Persetujuan atas laporan Menyetujui laporan pertanggungjawaban Direksi                   Penyampaian Laporan Keuangan
                                           pertanggungjawaban Direksi tentang jalannya Perseroan untuk tahun buku yang              Tahunan 2023 pada tanggal
                                           tentang jalannya Perseroan berakhir pada tanggal 31 Desember 2023.                       28 Maret 2024 berdasarkan
                                           untuk tahun buku yang                                                                    penyampaian surat kepada OJK
                                           berakhir pada tanggal 31                                                                 No.: 012/SKL/BLD-CORSEC-LEGAL/
                                           Desember 2023.                                                                           HN/III/2024

                                           Approval of the accountability Approved the accountability report of the Board of        Submission of the 2023 Annual
                                           report of the Board of Directors on the management of the Company for the                Financial Report on 28 March 2024
                                           Directors on the management financial year which ended on 31 December 2023.              based on submission letter to OJK
                                           of the Company for the                                                                   No.: 012/SKL/BLD-CORSEC-LEGAL/
                                           financial year that ended on                                                             HN/III/2024.
                                           31 December 2023.
                                     2     Persetujuan dan Pengesahan     Menyetujui dan mengesahkan atas Laporan Posisi            Penyampaian Laporan Keuangan
Bakrieland Laporan Tahunan 2024




                                           atas Laporan Posisi Keuangan   Keuangan dan Laporan Laba Rugi dan Penghasilan            Tahunan 2023 pada tanggal
                                           dan Laporan Laba/Rugi dan      Komprehensif Lain Perseroan untuk tahun buku              28 Maret 2024 berdasarkan
                                           Penghasilan Komprehensif       yang berakhir pada tanggal 31 Desember 2023 serta         penyampaian surat kepada OJK
                                           Lain Perseroan untuk tahun     memberikan pembebasan dan pelunasan tanggung              No.: 012/SKL/BLD-CORSEC-LEGAL/
                                           buku yang berakhir pada        jawab sepenuhnya (volledig acquit et de charge) kepada    HN/III/2024
                                           tanggal 31 Desember 2023.      anggota Direksi Perseroan atas tindakan pengurusan
                                                                          dan kepada anggota Dewan Komisaris Perseroan atas
                                                                          tindakan pengawasan yang telah dilakukan dalam tahun
                                                                          buku yang berakhir pada tanggal 31 Desember 2023,
                                                                          sepanjang tindakan-tindakan tersebut tercermin dalam
                                                                          Laporan Tahunan Perseroan tahun buku yang berakhir
                                                                          pada tanggal 31 Desember 2023.



156
Page 159
             Mata Acara                                      Keputusan                                           Realisasi
No
              Agenda                                         Resolution                                         Realization
     Approval and ratification       Approved and ratified the Company’s Financial                   Submission of the 2023 Annual
     of the Company’s Financial      Position Report and Report on Profit-Loss and Other             Financial Report on 28 March 2024
     Position Report and Report      Comprehensive Income for the financial year that                based on submission letter to OJK
     on Profit-Loss and Other        ended on 31 December 2023 as well as granted full               No.: 012/SKL/BLD-CORSEC-LEGAL/
     Comprehensive Income for        release and discharge (volledig acquit et de charge) to         HN/III/2024
     the financial year that ended   members of the Board of Directors of the Company for
     on 31 December 2023.            management activities and to members of the Board
                                     of Commissioners of the Company for supervisory
                                     activities carried out during the financial year that ended
                                     on 31 December 2023 for as long as these activities
                                     are reflected in the Company’s Annual Report for the
                                     financial year that ended on 31 December 2023.w
3    Persetujuan    penunjukkan      Menyetujui pemberian wewenang kepada Dewan                      Penunjukan Kantor Akuntan Publik
     Kantor    Akuntan    Publik     Komisaris atas usulan Komite Audit untuk menunjuk dan           Y. Santosa Dan Rekan berdasarkan
     Independen           untuk      mengangkat Kantor Akuntan Publik Independen yang                penyampaian surat kepada OJK
     melakukan audit atas buku       terdaftar di Otoritas Jasa Keuangan yang akan melakukan         No.: 071/SKL/BLD-CORSEC-LEGAL/
     Perseroan untuk tahun buku      audit Laporan Keuangan Perseroan untuk tahun buku               HN/VIII/2024 tanggal 14 Agustus
     2024.                           yang berakhir pada tanggal 31 Desember 2024 dan                 2024
                                     periode-periode lainnya dalam tahun buku 2024 serta
                                     memberikan wewenang dan kuasa sepenuhnya kepada
                                     Direksi Perseroan untuk menetapkan honorarium
                                     serta persyaratan-persyaratan lain penunjukannya dan
                                     menunjuk Akuntan Publik dan/atau Kantor Akuntan Publik
                                     pengganti dan menetapkan kondisi dan persyaratan
                                     penunjukannya jika Akuntan Publik dan/atau Kantor
                                     Akuntan Publik yang telah ditunjuk tersebut tidak dapat
                                     melaksanakan atau melanjutkan tugasnya karena
                                     sebab apapun, termasuk alasan hukum dan peraturan
                                     perundang-undangan di bidang pasar modal atau tidak
                                     tercapai kesepakatan mengenai besaran honorarium audit
                                     dan pengangkatan Akuntan Publik Independen tersebut.

     Approval of the appointment     Approved the granting of authority to the Board of              The     appointment  of    Public
     of the Independent Public       Commissioners for the Audit Committee’s proposal to             Accounting Firm Y. Santosa and
     Accounting Firm to audit the    appoint and assign the Independent Accounting Firm              Partner based on submimssion
     Company’s books for the         registered on the Financial Services Authority to audit         leltter to OJK No.: 071/SKL/BLD-
     2024 financial year.            the Company’s Financial Report for the financial year that      CORSEC-LEGAL/HN/VIII/2024
                                     ended on 31 December 2024 and other periods within              dated 14 August 2024
                                     the financial year of 2024 as well as granting full authority
                                     and power to the Board of Directors of the Company
                                     to determine the honorarium and other appointment
                                     requirements and appoints the replacement Public
                                     Accountant and/or Public Accounting Firm and determine
                                     the appointment conditions and requirements should the
                                     appointed Public Accountant and/or Public Accounting
                                     Firm are not be able to carry out or continue their tasks
                                     for any reason, including legal reasons and regulations in
                                     the capital market sector or failure to reach an agreement
                                     regarding the amount of the audit fee and the appointment
                                     of the concerned Independent Public Accountant.
                                                                                                                                         Bakrieland Annual Report 2024




                                                                                                                                         157
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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                                  Mata Acara                                Keputusan                              Realisasi
                                    No
                                                   Agenda                                   Resolution                            Realization
                                     4    Perubahan susunan anggota 1. Memberhentikan dengan hormat:
                                          Direksi dan Dewan Komisaris. a. Bapak Ambono Janurianto sebagai Presiden
                                                                          Direktur Perseroan;
                                                                       b. Bapak Fandrizal sebagai Direktur Perseroan;
                                                                       c. Bapak Djafarullah sebagai Direktur Perseroan.

                                                                      Terhitung efektif sejak tanggal ditutupnya Rapat ini dan
                                                                      memberikan pembebasan dan pelunasan tanggung
                                                                      jawab sepenuhnya (acquit et de charge) atas tindakan
                                                                      pengurusan yang telah dilakukan selama masa jabatan
                                                                      mereka sepanjang tindakan-tindakan pengurusan
                                                                      tersebut tercantum dalam Laporan Keuangan Perseroan.

                                          Change in the composition 1. Dismissal with honor of the following:
                                          of members of the Board of   a. Ambono Janurianto as President Director of the
                                          Directors and the Board of       Company;
                                          Commissioners.               b. Fandrizal as Director of the Company;
                                                                       c. Djafarullah as Director of the Company.

                                                                      Effective as of the closing of this Meeting and granted
                                                                      full release and discharge (acquit et de charge) of all
                                                                      management activities carried out during their term of
                                                                      office for as long as their management activities are
                                                                      contained in the Company’s Financial Report.

                                                                      2. Menyetujui pengangkatan:
                                                                         a. Bapak Resza Adikreshna sebagai Presiden
                                                                            Direktur Perseroan;
                                                                         b. Bapak Melky Aliandri sebagai Direktur Perseroan;
                                                                         c. Ibu Sisilia sebagai Direktur Perseroan.

                                                                      Terhitung efektif sejak tanggal ditutupnya Rapat ini
                                                                      sampai dengan penutupan RUPS Tahunan tahun
                                                                      ketiga berikutnya (periode 2024 – 2027) dengan tidak
                                                                      mengurangi hak RUPS untuk memberhentikan Direksi
                                                                      tersebut sewaktu-waktu sebelum masa jabatannya
                                                                      berakhir.

                                                                      2. Approved the appointment of the following:
                                                                         a. Resza Adikreshna as President Director of the
                                                                            Company;
                                                                         b. Melky Aliandri as Director of the Company;
                                                                         c. Sisilia as Director of the Company.

                                                                      Effective as of the date of closing of this Meeting until
                                                                      the closing of the Annual GMS of the following third year
                                                                      (2024-2027 period) without reducing the rights of the
                                                                      GMS to dismiss the Directors at any time before their
                                                                      term of office ends.
Bakrieland Laporan Tahunan 2024




                                                                      3. Menyetujui pengangkatan kembali:
                                                                         a. Bapak Bambang Irawan Hendradi sebagai
                                                                            Presiden Komisaris Perseroan;
                                                                         b. Bapak Armansyah Yamin sebagai Komisaris
                                                                            Perseroan;
                                                                         c. Bapak Kanaka Puradiredja sebagai Komisaris
                                                                            Perseroan.

                                                                      Terhitung efektif sejak tanggal ditutupnya Rapat ini
                                                                      sampai dengan penutupan RUPS Tahunan tahun ketiga
                                                                      berikutnya (periode 2024 – 2027).




158
Page 161
     Mata Acara                         Keputusan                              Realisasi
No
      Agenda                            Resolution                            Realization
                  3. Approved the re-appointment of the following:
                     a. Bambang Irawan Hendradi as President
                        Commissioner of the Company;
                     b. Armansyah Yamin as Commissioner of the
                        Company:
                     c. Kanaka Puradiredja as Commissioner of the
                        Company.

                  Effective as of the date of closing of this Meeting until
                  the closing of the Annual GMS of the third following year
                  (2024 – 2027 period).
                  4. Memberikan wewenang kepada Dewan Komisaris
                     Perseroan untuk menetapkan gaji dan tunjangan
                     anggota Direksi Perseroan dan Dewan Komisaris
                     dengan memperhatikan usul dari Komite Nominasi
                     dan Remunerasi Perseroan;

                     Granted the authority to the Board of Commissioners
                     of the Company to determine the salary and
                     allowance of members of the Board of Directors
                     and the Board of Commissioners of the Company by
                     taking into account the recommendations proposed
                     by the Nomination and Remuneration Committee of
                     the Company
                  5. Memberikan kuasa dengan hak substitusi kepada
                     Direksi Perseroan untuk melaksanakan segala
                     tindakan yang diperlukan berkaitan dengan
                     keputusan Mata Acara Rapat ini, termasuk tetapi
                     tidak terbatas untuk menyatakan dalam Akta
                     Notaris sebagian dan/atau seluruh keputusan Rapat
                     serta menandatangani akta pernyataan keputusan
                     rapat di hadapan Notaris dan memberitahukan
                     perubahan susunan anggota Direksi Perseroan
                     kepada Kemneterian Hukum dan Hak Asasi Manusia
                     maupun instansi lainnya yang berwenang, serta
                     melakukan segala tindakan yang diperlukan sesuai
                     dengan ketentuan peraturan perundang-undangan
                     yang berlaku.

                     Granted the power with rights of substitution to
                     the Board of Directors of the Company to carry out
                     all necessary activities related to the resolutions
                     of the Agenda of this Meeting, including but not
                     limited to stating in a Notarial Deed some and/or all
                     of the decisions of the Meeting and to signing the
                     deed of statement of the decisions of the meeting
                     before a Notary and to notifying the Ministry of Law
                     and Human Rights or other authorized agencies
                     on changes in the composition of the Company’s
                     Board of Directors, and taking all necessary actions
                                                                                            Bakrieland Annual Report 2024




                     in accordance with the provisions of applicable laws
                     and regulations.




                                                                                            159
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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                                    Mata Acara                                    Keputusan                                        Realisasi
                                    No
                                                     Agenda                                       Resolution                                      Realization
                                                                           Sehubungan dengan keputusan-keputusan tersebut di
                                                                           atas, susunan Direksi dan Dewan Komisaris Perseroan
                                                                           sebagai berikut:

                                                                           Direksi
                                                                           Presiden Direktur : Resza Adikhreshna
                                                                           Direktur          : Melky Aliandri
                                                                           Direktur          : Sisilia

                                                                           Dewan Komisaris
                                                                           Presiden Komisaris   : Bambang Irawan Hendradi
                                                                           Komisaris            : Armansyah Yamin
                                                                           Komisaris Independen : Kanaka Puradiredja.

                                                                           In the context of the above decisions, the composition of
                                                                           the Board of Directors and the Board of Commissioners
                                                                           of the Company is as follows:

                                                                           Board of Directors
                                                                           President Director : Resza Adikreshna
                                                                           Director           : Melky Aliandri
                                                                           Director           : Sisilia

                                                                           Board of Commissioners
                                                                           President Commissioner : Bambang Irawan Hendradi
                                                                           Commissioner            : Armansyah Yamin
                                                                           Independen Commissioner : Kanaka Puradiredja


                                  RUPS yang Diselenggarakan pada Tahun                                  GMS Held Prior to the 2024 Annual GMS
                                  Sebelumnya RUPS Tahunan 2024
                                  Pada 2024, Perseroan menyelenggarakan 2 (dua) RUPST                   In 2024, the Company held 2 (two) Annual GMS on 30 May 2024,
                                  pada 30 Mei 2024, dan 13 Juni 2024. Seluruh hasil keputusan           and 13 June 2024. All resolutions of the 2024 Annual GMS were fully
                                  RUPST 2024 telah direalisasikan sepenuhnya di tahun 2024.             realized in the year 2023. The Company has also published a Letter
                                  Perseroan juga telah mempublikasikan Surat Pemberitahuan              of Notification regarding the implementation of the said GMS through
                                  tentang penyelenggaraan RUPS tersebut melalui media cetak             the print media and website of the Company www.bakrieland.com.
                                  dan situs website Perseroan www.bakrieland.com



                                  DEWAN KOMISARIS                                                       BOARD OF COMMISSIONER

                                  Dewan Komisaris merupakan salah satu organ utama dalam                The Board of Commissioners is one of the main organs in the
                                  struktur Tata Kelola Perseroan yang menjalankan fungsi                Company’s Governance structure that carries out the supervisory
                                  pengawasan secara umum dan/atau khusus sesuai dalam Batasan           function in general and/or in specific in accordance with the
                                  Anggaran Dasar Perseroan, serta bertugas memberi nasihat              Company’s Articles of Association, as well as being tasked to
                                  kepada Direksi atas kebijakan Direksi dan jalannya kegiatan           provide advice to the Board of Directors on the Board of Directors’
Bakrieland Laporan Tahunan 2024




                                  pengurusan Perseroan pada umumnya.                                    policies and generally on managing the Company.



                                  KOMPOSISI DAN MASA JABATAN                                            COMPOSITION AND TERM OF OFFICE OF
                                  DEWAN KOMISARIS                                                       THE BOARD OF COMMISSIONERS

                                  Komposisi Dewan Komisaris Perseroan terdiri dari 3 (tiga) anggota,    The composition of the Company’s Board of Commissioners consists
                                  yaitu 1 (satu) Presiden Komisaris, 1 (satu) Komisaris, dan 1 (satu)   of 3 (three) members, namely 1 (one) President Commissioner, 1
                                  Komisaris Independen. Pengangkatan anggota Dewan Komisaris            (one) Commissioner, and 1 (one) Independent Commissioner.
                                  dilakukan melalui mekanisme RUPS berdasarkan rekomendasi              The appointment of members of the Board of Commissioners is
                                  dan seleksi oleh Komite Nominasi dan Remunerasi.                      conducted through the GMS mechanism based on recommendations
                                                                                                        and selection by the Nomination and Remmuneration Committee.
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Periode jabatan masing-masing anggota Dewan Komisaris adalah          The term of office of each member of the Board of Commissioners
3 (tiga) tahun dan dapat diangkat kembali sesuai keputusan            is 3 (three) years and may be re-appointed in accordance with
RUPS. Jabatan anggota Dewan Komisaris akan berakhir apabila           the GMS resolution. The position of members of the Board
mengundurkan diri, tidak lagi memenuhi persyaratan, meninggal         of Commissioners shall end upon resignation, no longer in
dunia, atau diberhentikan berdasarkan keputusan RUPS.                 compliance with requirements, deceased, or dismissed based
                                                                      on GMS resolution.

Susunan Dewan Komisaris per 31 Desember 2024 adalah sebagai           The composition of the Board of Commissioners as of 31
berikut:                                                              December 2024 is as follows:


                         Nama                                           Jabatan                                    Periode Jabatan
     No
                         Name                                           Posititon                                   Term of Office
 1        Bambang Irawan Hendradi                 Presiden Komisaris/President Commissioner                          2024 –2027
 2        Armansyah Yamin                         Komisaris/Commissioner                                             2024 –2027
 3        Kanaka Puradiredja                      Komisaris Independen/Independent Commissioner                      2024 –2027




TUGAS DAN TANGGUNG JAWAB                                              DUTIES AND RESPONSIBILITIES

Dewan Komisaris mengemban tugas dan tanggung jawab secara             The Board of Commissioners bear the duties and responsibilities
kolegial dalam mengawasi kegiatan operasional yang dikelola oleh      collegially in the supervision of operational activities managed by
Direksi. Sebagai bagian dari pelaksanaan fungsi pengawasan,           the Board of Directors. As part of the supervisory function activities,
Dewan Komisaris juga memberikan saran serta nasihat kepada            the Board of Commissioners also provides recommendations
Direksi sesuai dengan ketentuan yang ditetapkan dalam Anggaran        and advice to the Board of Directors in accordance with the
Dasar, Keputusan RUPS Perseroan, peraturan dan undang-undang          provisions setforth under the Articles of Association, Company’s
yang berlaku. Uraian lengkap mengenai tugas dan tanggung jawab        GMS Resolutions, applicable laws and regulations. Complete
Dewan Komisaris diatur dalam Pedoman Dewan Komisaris dan              description of the duties and responsibilities of the Board of
Direksi (Board Manual) yang dapat diakses pada situs website          Commissioners is regulated in the Board Manual of the Board of
https://bakrieland.com/id_gcg/boardmanual.                            Commissioners and the Board of Directors that can be accessed
                                                                      through the website https://bakrieland.com/id_gcg/boardmanual.



RAPAT DEWAN KOMISARIS                                                 MEETING OF THE BOARD OF
                                                                      COMMISSIONERS

Kebijakan Rapat                                                       Meeting Policy
Sesuai dengan ketentuan POJK No. 33/POJK.04/2014 (“POJK               According to POJK No. 33/POJK.04/2014 (“POJK 33/2014”)
33/2014”) tentang Direksi dan Dewan Komisaris Emiten atau             regarding the Board of Directors and the Board of Commissioners
Perusahaan Publik menyatakan, Dewan Komisaris wajib                   of Issuers or Public Companies, it states that the Board of
mengadakan rapat secara berkala sekurang-kurangnya 1                  Commissioners is obligated to hold regular meetings at least 1
(satu) kali dalam 2 (dua) bulan. Di luar itu, Dewan Komisaris         (one) time within 2 (two) months. Apart from that, the Board of
juga dapat mengadakan rapat setiap waktu apabila dianggap             Commissioners also holds meetings at anytime deemed necessary
                                                                                                                                                Bakrieland Annual Report 2024




perlu oleh seorang atau lebih anggota Dewan Komisaris atau            by one or more members of the Board of Commissioners, or
atas permintaan tertulis dari Direksi atau atas permintaan tertulis   upon written request from the Board of Directors or from 1 (one)
1 (satu) pemegang saham atau lebih bersama-sama memiliki 1/10         or more shareholders altogether with 1/10 (one-tenth) portion or
(satu persepuluh) bagian atau lebih dari jumlah seluruh saham         more from the total number of shares issued by the Company with
yang telah ditempatkan oleh Perseroan dengan hak suara yang           valid voting rights taking into account the applicable regulations
sah dengan memperhatikan peraturan yang berlaku di bidang             in the capital market.
pasar modal.




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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  Jumlah Rapat dan Frekuensi Kehadiran                              Number of Meeting and Frequency of Attendance
                                  Sepanjang tahun 2024, Dewan Komisaris telah menyelenggarakan      Throughout the year 2024, the Board of Commissioners held 5
                                  5 (lima) kali rapat dengan tingkat kehadiran sebagai berikut:     (five) meetings with the following level of attendance:


                                                                                                                                         Jumlah            Tingkat
                                                  Nama                                Jabatan                       Jumlah Rapat       Kehadiran         kehadiran
                                   No
                                                  Name                                Position                      Total Meeting     Frequency of         Rate of
                                                                                                                                       Attendance        Attendance
                                    1   Bambang Irawan Hendradi     Presiden Komisaris/President Commissioner             6                 6                100%
                                    2   Armansyah Yamin             Komisaris/Commissioner                                6                 6                100%
                                    3   Kanaka Puradiredja          Komisaris Independen                                  6                 6                100%
                                                                    Independent Commissioner



                                               Tanggal Rapat                                                  Agenda Rapat
                                   No
                                               Date of Meeting                                               Meeting Agenda
                                    1   27 Maret 2024                  Laporan Keuangan Tahun Buku 2023
                                        27 March 2024                  Financial Statements of Fiscal Year 2023
                                    2   24 April 2024                  1. Laporan Keuangan Tahun Buku 2023
                                        24 April 2024                  2. Rencana RUPST Perseroan Tahun Buku 2023
                                                                       1. Financial Statements of Fiscal Year 2023
                                                                       2. Plans for the Company Annual GMS of Fiscal Year 2023
                                    3   27 Mei 2024                    Rencana RUPST Tahun Buku 2023
                                        27 May 2024                    Plans for Annual GMS of Fiscal Year 2023
                                    4   12 Juni 2024                   Rencana RUPST Kedua Tahun Buku 2023
                                        12 June 2024                   Plans for Second Annual GMS of Fiscal Year 2023
                                    5   19 Juni 2024                   Penunjukkan KAP atas Laporan Keuangan Tahun Buku 2024
                                        19 June 2024                   Appointment of Public Accounting Firm for the Financial Statements of Fiscal Year 2024
                                    6   3 Desember 2024                Pemaparan Budget dan Business Plan 2025-2029
                                        3 December 2024                Presentation of 2025-2029 Budget and Business Plan




                                  PEDOMAN DEWAN KOMISARIS                                           MANUAL OF THE BOARD OF
                                                                                                    COMMISSIONERS

                                  Untuk meningkatkan kualitas penerapan GCG, Perseroan telah        To improve the quality of GCG implementation, the Company
                                  menyusun dan mengesahkan Pedoman Dewan melalui Surat              has prepared and ratified the Board Manual through the Decree
                                  Keputusan Direksi dan Komisaris PT Bakrieland Development Tbk     of the Board of Directors and the Board of Commissioners of
                                  No. 001/KOM-DIR-PERSEROAN/SK/I/2016 tentang Pengesahan            PT Bakrieland Development Tbk No. 001/KOM-DIR-PERSEROAN/
                                  Board Manual. Pedoman Dewan berisi mengenai tata laksana          SK/I/2016 regarding the Ratification of the Board Manual. The
                                  kerja dan ketentuan-ketentuan yang menjadi rujukan bagi Dewan     Board Manual contains work procedures and provisions that
                                  Komisaris dan Direksi dalam melaksanakan tugas dan tanggung       serve as reference for the Board of Commissioners and the
                                  jawabnya. Piagam Dewan Komisaris ditinjau dan diperbarui          Board of Directors in carrying out their duties and responsibilities.
                                  secara berkala jika dianggap perlu. Untuk rincian lebih lanjut    The Manual of the Board of Commissioners is reviewed and
Bakrieland Laporan Tahunan 2024




                                  tentang Pedoman Dewan dapat diakses pada situs website            updated periodically if deemed necessary. Further details
                                  https://bakrieland.com/id_gcg/boardmanual.                        on the Board Manual may be accessed through the website
                                                                                                    https://bakrieland.com/id_gcg/boardmanual.

                                  Sebagaimana diatur dalam Board Manual, hubungan kerja antara      As stipulated in the Board Manual, work relations between the
                                  Dewan Komisaris dan Direksi dalam melaksanakan tugas dan          Board of Commissioners and the Board of Directors in carrying
                                  tanggung jawabnya senantiasa menerapkan prinsip-prinsip           out duties and responsibilities involve the application of the
                                  berikut:                                                          following principles:
                                  1. Setiap hubungan kerja antara Dewan Komisaris dengan Direksi    1. Work relation between the Board of Commissioners and the
                                      merupakan hubungan yang bersifat formal kelembagaan,               Board of Directors is a relationship of formal institutional,
                                      dalam arti senantiasa dilandasi oleh suatu mekanisme baku          in the sense that it is based on a standard mechanism or
                                      atau korespondensi yang dapat dipertanggungjawabkan.               accountable correspondence.
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2. Dewan Komisaris melakukan pengawasan atas kebijakan              2. The Board of Commissioners conducts supervision on
   pengurusan, jalannya pengurusan pada umumnya, baik                  management policies, both on the Company as well as on
   mengenai Perseroan maupun usaha Perseroan, dan memberi              the Company’s business, and provides advice to the Board
   nasihat kepada Direksi.                                             of Directors.
3. Dewan Komisaris berhak memperoleh informasi Perseroan            3. The Board of Commissioners has the right to obtain Company
   secara akurat, lengkap dan tepat waktu, dan dapat sewaktu-          information accurately, completely and on time, and may at
   waktu meminta informasi Perseroan tersebut kepada Direksi           any time request such Company information from the Board
   dan/atau Manajemen.                                                 of Directors and/or Management.



PELATIHAN DAN PENGEMBANGAN                                          TRAINING AND COMPETENCY
KOMPETENSI                                                          DEVELOPMENT

Dewan Komisaris mengikuti program pelatihan dan                     The Board of Commissioners takes part in training and
pengembangan kompetensi atas inisiatif pribadi di luar lingkungan   competency development programs on personal initiative outside
Perseroan.                                                          of the Company.



PROGRAM ORIENTASI BAGI KOMISARIS                                    ORIENTATION PROGRAM FOR NEW
BARU                                                                COMMISSIONERS

Perseroan memiliki program orientasi bagi Dewan Komisaris yang      The Company retains an orientation program for newly
baru menjabat dengan tujuan untuk memberikan pengetahuan            appointed members of the Board of Commissioners with the
lebih kepada Komisaris baru terkait organisasi dan operasional      aim to provide more knowledge to the new Commissioners
Perseroan khususnya terkait bidang tugas pengawasan yang            related to the organization and operations of the Company,
diberikan kepada Komisaris tersebut sehingga Dewan Komisaris        specifically in connection with the supervisory duties assigned
dapat bekerja selaras dengan organ Perseroan yang lain. Pada        to the Commissioners so that the Board of Commissioners can
tahun 2024, Perseroan tidak menyelenggarakan program ini            work in alignment with other Company organs. In 2024, the
dikarenakan komposisi Dewan Komisaris tidak mengalami               Company did not hold this program as the composition of the
perubahan dari tahun sebelumnya.                                    Board of Commissioners remained the same as the previous year.



PENILAIAN KOMITE DI BAWAH DEWAN                                     ASSESSMENT OF COMMITTEES UNDER
KOMISARIS                                                           THE BOARD OF COMMISSIONERS

Dalam rangka meningkatkan efektivitas pelaksanaan tugas             In the effort to improve the effectiveness of the implementation
dan tanggung jawab dalam menjalankan fungsi pengawasan,             of duties and responsibilities carried out under the supervisory
Dewan Komisaris telah membentuk 2 (dua) komite pendukung            function, the Board of Commissioners formed 2 (two) supporting
di bawahnya, yaitu Komite Audit, serta Komite Nominasi dan          subordinate committees, namely the Audit Committee and the
Remunerasi.                                                         Nomination and Remuneration Committee

Dalam memberikan penilaian kinerja terhadap masing-masing           Through the performance assessment on each of the supporting
komite pendukung, Dewan Komisaris telah menetapkan kriteria         committees, the Board of Commissioners established the
                                                                                                                                       Bakrieland Annual Report 2024




penilaian yang digunakan sebagai acuan, antara lain:                assessment criteria used as reference, including the following:
1. Tingkat kehadiran setiap anggota baik dalam rapat internal       1. Level of attendance of each member, both in committee
   komite maupun rapat gabungan bersama Dewan Komisaris;               internal meetings as well as in joint meetings with the Board
                                                                       of Commissioners;
2. Dukungan komite-komite terhadap implementasi Tata Kelola         2. Support of the committees on the implementation of
   Perusahaan;                                                         Corporate Governance;
3. Efisiensi dan efektivitas kegiatan pelaporan;                    3. Efficiency and effectiveness of reporting activities;
4. Capaian kinerja selama tahun buku; dan                           4. Performance achievements during the financial year; and
5. Kepatuhan pada peraturan yang berlaku.                           5. Compliance with applicable regulations.


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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  Selama tahun 2024, Dewan Komisaris menilai bahwa seluruh            Throughout the year 2024, the Board of Commissioners
                                  komite yang berada di bawah Dewan Komisaris, antara lain            assessed that all committees under the Board of Commissioners,
                                  Komite Audit dan Komite Nominasi dan Remunerasi telah bekerja       among others, the Audit Committee and the Nomination
                                  dengan optimal dan profesional sesuai dengan peran, tugas           and Remuneration Committee have worked optimally and
                                  dan tanggung jawabnya.                                              professionally in accordance with their roles, duties, and
                                                                                                      responsibilities.



                                  KOMISARIS INDEPENDEN                                                INDEPENDENT COMMISSIONER

                                  Komisaris Independen adalah anggota Dewan Komisaris yang            An Independent Commissioner is a member of the Board of
                                  tidak memiliki hubungan keuangan, kepengurusan, kepemilikan         Commissioners who does not have financial, management,
                                  saham dan/atau hubungan keluarga dengan anggota Dewan               share ownership, and/or family relations with members of the
                                  Komisaris, anggota Direksi atau pemegang saham pengendali           Board of Commissioners, members of the Board of Directors,
                                  atau dengan perusahaan yang mungkin menghalangi atau                or the controlling shareholder or with companies that may
                                  menghambat posisinya untuk bertindak independen dan objektif        hinder or obstruct the concerned position to act independently
                                  semata-mata demi kepentingan Perseroan. Komisaris Independen        and objectively solely in the interest of the Company. The
                                  bertanggung jawab untuk melakukan pengawasan dan juga               Independent Commissioner is responsible for supervision and
                                  mewakili kepentingan pemegang saham minoritas.                      for representing the interests of the minority shareholder.

                                  Per 31 Desember 2024, Perseroan memiliki satu Komisaris             As of 31 December 2023, the Company has one Independent
                                  Independen dari total tiga Komisaris (33,33%). Dengan komposisi     Commissioner from a total of three Commissioners (33.33%). With
                                  tersebut maka Perseroan telah memenuhi ketentuan peraturan          this composition, the Company complies with the provision of
                                  UU PT dan POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan        UUPT regulation and POJK No. 33/POJK.04/2014 regarding the
                                  Komisaris Emiten atau Perusahaan Publik, yang mewajibkan            Board of Directors and the Board of Commissioners of Issuers
                                  Perseroan sebagai perusahaan publik untuk memiliki Komisaris        or Public Companies, which requires the Company as a public
                                  Independen sekuran-kurangnya 30% (tiga puluh persen) dari           company to retain Independent Commissioner of at least 30%
                                  jumlah anggota Dewan Komisaris yang menjabat.                       (thirty percent) of the total appointed members of the Board of
                                                                                                      Commissioners.

                                  Profil Komisaris Independen                                         Profile of Independent Commissioner
                                  Perseroan mengangkat Bapak Kanaka Puradiredja sebagai               The Company appointed Kanaka Puradiredja as the Company
                                  Komisaris Independen Perseroan dalam periode jabatan sejak          Independent Commissioner for a term of office from 2022 until
                                  2022 hingga 2025. Profil beliau telah tersajikan dalam bab Profil   2025. His profile is presented in the chapter on the Profile of
                                  Dewan Komisaris.                                                    the Board of Commissioners.

                                  Kriteria Pengangkatan                                               Criteria of Appointment
                                  Komisaris Independen Perseroan dipastikan telah memenuhi            The Company’s Independent Commissioner is assured in
                                  ketentuan sebagai anggota Dewan Komisaris sebagai berikut:          compliance with provisions as a member of the Board of
                                                                                                      Commissioners as follows:
                                  1. Berasal dari luar Perseroan.                                     1. From outside of the Company.
                                  2. Tidak mempunyai saham, baik langsung maupun tidak                2. No direct or indirect ownership of the Company shares.
Bakrieland Laporan Tahunan 2024




                                     langsung, pada Perseroan.
                                  3. Tidak mempunyai hubungan afiliasi dengan Perseroan,              3. No affiliation with the Company, the Board of Commissioners,
                                     Dewan Komisaris, Direksi atau Pemegang Saham Utama/                 the Board of Directors or the Major/Controlling Shareholder
                                     Pengendali Perseroan.                                               of the Company.
                                  4. Tidak memiliki hubungan usaha baik langsung maupun tidak         4. No direct or indirect business affiliation related to business
                                     langsung yang berkaitan dengan kegiatan usaha Perseroan.            activities of the Company.
                                  5. Tidak menjabat sebagai Direksi di perseroan yang terafiliasi     5. Not serving on any position in the Board of Directors of any
                                     dengan Perseroan.                                                   company affiliated with the Company.
                                  6. Memahami peraturan perundang-undangan di bidang Pasar            6. Understand the laws and regulations in the Capital Market
                                     Modal.                                                              sector.


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7.  Tidak bekerja di Perseroan atau afiliasinya dalam kurun waktu   7. Not working in the Company or its affiliates within a period
    enam bulan terakhir.                                               of the last six months.
8. Tidak mempunyai keterkaitan finansial, baik langsung             8. No direct or indirect financial ties with the Company or
    maupun tidak langsung dengan Perseroan atau perseroan              other companies that provide products and services to the
    lain yang menyediakan jasa dan produk kepada Perseroan             Company and its affiliates.
    dan afiliasinya.
9. Bebas dari kepentingan dan aktivitas bisnis atau hubungan        9. Free from other business interests and activities or relations
    lain yang dapat menghalangi atau mengganggu kemampuan               that may hinder or obstruct the Independent Commissioner’s
    Komisaris Independen untuk bertindak atau berpikir secara           capability to act or think freely within the environment of the
    bebas di lingkup Perseroan.                                         Company.
10. Jumlah Komisaris Independen harus dapat menjamin agar           10. The number of Independent Commissioner must be able to
    mekanisme pengawasan berjalan efektif dan sesuai dengan             guarantee that the supervisory mechanism runs effectively
    peraturan perundang-undangan. Salah satu dari Komisaris             and in accordance with the laws and regulations. One of
    Independen harus mempunyai latar belakang akuntansi atau            the Independent Commissioners must have a background
    keuangan.                                                           in accounting or finance.
11. Pemilihan Komisaris Independen harus memperhatikan              11. Selecting Independent Commissioners must take into
    pendapat pemegang saham minoritas yang dapat disalurkan             account the opinion of the minority shareholders that may
    melalui Komite Nominasi dan Remunerasi.                             be channeled through the Nomination and Remuneration
                                                                        Committee.

Pernyataan Independensi                                             Statement of Independency
Komisaris Independen Perseroan tidak memiliki hubungan afiliasi     The Company’s Independent Commissioner has no affiliation
dengan anggota Direksi, antar sesama anggota Dewan Komisaris,       with members of the Board of Directors, members of the Board
dan Pemegang Saham Pengendali. Hal ini dinyatakan melalui           of Commissioners, or the Controlling Shareholder. This is stated
Surat Pernyataan Tidak Memiliki Benturan Kepentingan yang           through the Statement Letter on No Conflict of Interest signed
telah ditandatangani oleh Dewan Komisaris untuk masa jabatan        by the Board of Commissioners for the 2024 term of office. The
tahun 2024. Surat tersebut berisi pernyataan, termasuk namun        letter contains the statement which includes but not limited to
tidak terbatas pada:                                                the following:
1. Tidak menerima atau memberikan suatu hal dalam bentuk            1. Not receiving or giving anything in whatever form to other
    apapun kepada pihak lain yang dapat mempengaruhi                     parties that may affect independency.
    independensi.
2. Tidak ikut serta dalam proses pengambilan keputusan yang         2. Not participating in the decision-making process that
    mengandung unsur benturan kepentingan oleh pemegang                contains the element of conflict of interest by the Company’s
    saham independen Perseroan.                                        independent shareholders.
3. Mendahulukan kepentingan ekonomis Perseroan di atas              3. Puts forward the Company’s economic interests above
    kepentingan ekonomis pribadi, keluarga, dan pihak lainnya.         personal, family, or other parties’ economic interests.



DIREKSI                                                             BOARD OF DIRECTORS

Sebagai salah satu organ utama Perseroan, Direksi bertanggung       As one of the Company’s main organs, the Board of Directors is
jawab untuk menjalankan pengurusan Perseroan sesuai dengan          responsible for carrying out the management of the Company in
kepentingan serta maksud dan tujuan Perseroan. Pelaksanaan          line with the interests as well as the purposes and goals of the
                                                                                                                                          Bakrieland Annual Report 2024




tugas tersebut mencakup penetapan dan pengelolaan arah              Company. The Implementation of such duties covers determining
strategis Perseroan, menjaga aset Perseroan serta berwenang         and managing the strategic direction of the Company, maintaining
mewakili Perseroan baik di dalam maupun di luar pengadilan.         Company assets, as well as the authority to represent the
Setiap anggota Direksi bertanggung jawab penuh baik secara          Company both in and out of the court of justice. Each member
pribadi maupun bersama atas kerugian Perseroan apabila yang         of the Board of Directors is fully responsible, both individually
bersangkutan terbukti tidak mematuhi Peraturan Perseroan atau       and collegially, for Company’s losses should the concerned
peraturan perundangan yang berlaku.                                 individual be proven not in compliance with Company Regulations
                                                                    or applicable laws and regulations.




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                                  KOMPOSISI DAN MASA JABATAN                                           COMPOSITION AND TERM OF OFFICE OF
                                  DIREKSI                                                              THE BOARD OF DIRECTORS

                                  Komposisi Direksi Perseroan terdiri dari 3 (tiga) anggota, yaitu     The composition of the Company’s Board of Directors consists
                                  1 (satu) Presiden Direktur dan 2 (dua) Direktur. Pengangkatan        of 3 (three) members, namely 1 (one) President Director and 2
                                  anggota Direksi dilakukan melalui mekanisme RUPS berdasarkan         (two) Directors. The appointment of members of the Board of
                                  rekomendasi dan seleksi oleh Komite Nominasi dan Remunerasi.         Directors is conducted through the GMS mechanism based on
                                                                                                       the recommendation and selection proposed by the Nomination
                                                                                                       and Remuneration Committee.

                                  Periode jabatan masing-masing anggota Direksi adalah 3 (tiga)        The term of office of each member of the Board of Directors
                                  tahun dan dapat diangkat kembali sesuai keputusan RUPS.              is 3 (three) years and may be reappointed in accordance with
                                  Jabatan anggota Direksi akan berakhir apabila mengundurkan           the GMS resolution. The position of members of the Board of
                                  diri, tidak lagi memenuhi persyaratan, meninggal dunia, atau         Directors ends upon resignation, no longer in compliance with
                                  diberhentikan berdasarkan keputusan RUPS.                            requirements, deceased, or dismissed based on GMS resolution.

                                  Susunan Direksi per 31 Desember 2024 adalah sebagai berikut:         The composition of the Board of Directors as of 31 December
                                                                                                       2024 is as follows:


                                                             Nama                                                Jabatan                             Periode Jabatan
                                   No
                                                             Name                                                Position                             Term of Office
                                    1   Resza Adikreshna                                   Presiden Direktur | President Director                       2024 –2027
                                    2   Melky Aliandri                                     Direktur | Director                                          2024 –2027
                                    3   Sisilia                                            Direktur | Director                                          2024 –2027



                                  TUGAS DAN TANGGUNG JAWAB                                             DUTIES AND RESPONSIBILITIES

                                  Sebagaimana diatur dalam Pedoman Dewan dan Anggaran                  As stipulated in the Board Manual and the Company’s Articles of
                                  Dasar Perseroan, lingkup tugas dan tanggung jawab Direksi            Association, the duties and responsibilities of the Company’s Board
                                  Perseroan mencakup penerapan sistem pengendalian internal,           of Directors cover the implementation of the internal control system,
                                  sistem manajemen risiko, pelaksanaan fungsi audit internal, dan      risk management system, implementation of the internal audit
                                  pengambilan tindakan berdasarkan temuan-temuan Corporate             function, and taking action based on Corporate Internal Audit findings
                                  Internal Audit sesuai dengan arahan Dewan Komisaris. Uraian          in accordance with the direction of the Board of Commissioners. A
                                  lengkap mengenai tugas dan tanggung jawab Direksi diatur             complete description of the duties and responsibilities of the Board
                                  dalam Pedoman Dewan Komisaris dan Direksi (Board Manual)             of Directors is stipulated in the Board of Commissioners and the
                                  yang dapat diakses pada situs website https://bakrieland.com/        Board of Directors Manual (Board Manual), accessible from the
                                  id_gcg/board manual.                                                 website https://bakrieland.com/id_gcg/boardmanual.

                                  Agar pelaksanaan tugas dan tangung jawab Direksi dapat berjalan      For the implementation of duties and responsibilities of the
                                  efektif, Perseroan telah melakukan pembagian tugas yang              Board of Directors to run effectively, the Company sets a clear
Bakrieland Laporan Tahunan 2024




                                  jelas dan transparan terhadap masing-masing Direktur dengan          and transparent division of duties on each of the Directors with
                                  mempertimbangkan pengalaman profesional dan latar belakang           consideration of the professional experience and background
                                  keahlian masing-masing, yaitu sebagai berikut:                       of expertise of each individual, namely as follows:


                                                  Jabatan                                                   Ruang Lingkup Tugas
                                                  Position                                                    Scope of Duties
                                   Presiden Direktur                  Bertanggung jawab terhadap seluruh kegiatan operasional
                                   President Director                 Responsible for the overall operational activities
                                   Direktur                           Bertanggung jawab atas bidang keuangan
                                   Director                           Responsible for finance
                                   Direktur                           Bertanggung jawab atas bidang corporate strategy, development, TI, dan corporate affairs
                                   Director                           Responsible for corporate strategy, development, IT, and corporate affairs
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RAPAT DIREKSI                                                            MEETINGS OF THE BOARD OF
                                                                         DIRECTORS

Kebijakan Rapat                                                          Meeting Policy
Mengacu pada ketentuan POJK No. 33/POJK.04/2014 (“POJK                   Referring to the provisions of POJK No. 33/POJK.04/2014
33/2014”) tentang Direksi dan Dewan Komisaris Emiten atau                (“POJK 33/2014”) concerning the Board of Directors and the
Perusahaan Publik menyatakan, Direksi wajib mengadakan                   Board of Commissioners of Issuers or Public Companies, which
rapat secara berkala sekurang-kurangnya 1 (satu) kali setiap             states that the Board of Directors is obligated to hold periodic
bulan. Di luar itu, Direksi juga dapat mengadakan rapat sewaktu-         meetings at least 1 (one) time every month. Apart from that, the
waktu apabila dianggap perlu oleh seorang atau lebih anggota             Board of Directors may also hold meetings at any given time
Dewan Komisaris atau atas permintaan tertulis dari Direksi atau          as deemed necessary by one or more members of the Board
atas permintaan tertulis 1 (satu) pemegang saham atau lebih              of Commissioners or upon written request from the Board of
bersamasama memiliki 1/10 (satu persepuluh) bagian atau lebih            Directors or a written request from 1 (one) shareholder or more
dari jumlah seluruh saham yang telah ditempatkan oleh Perseroan          jointly owning 1/10 (one-tenth) portion or more of the total shares
dengan hak suara yang sah dengan memperhatikan peraturan                 issued by the Company with valid voting rights by taking into
yang berlaku di bidang pasar modal.                                      account applicable regulations in the capital market sector.

Jumlah Rapat dan Frekuensi Kehadiran                                     Number of Meetings and Frequency of Attendance
Sepanjang tahun 2024, Direksi telah menyelenggarakan 6 (enam)            During the year 2024, the Board of Directors held 6 (six) meetings
kali rapat dengan tingkat kehadiran sebagai berikut:                     with a level of attendance as shown below:


                                                                                                           Jumlah             Tingkat
                 Nama                                 Jabatan                       Jumlah Rapat         Kehadiran          kehadiran
 No
                 Name                                 Position                      Total Meeting       Frequency of          Rate of
                                                                                                         Attendance         Attendance
  1     Resza Adikreshna            Presiden Direktur | President Director                  8                 8                100%
  2     Melky Aliandri              Direktur | Director                                     8                 8                100%
  3     Sisilia                     Direktur | Director                                     8                 8                100%
  4     Ambono Janurianto*          Presiden Direktur | President Director                  4                 4                100%
  5     Fandrizal*                  Direktur | Director                                     4                 4                100%
  6     Djafarullah*                Direktur | Director                                     4                 3                 75%

Keterangan: *Tidak menjabat sejak 13 Juni 2024
Note: *Not in office since 13 June 2024


          Tanggal Rapat                                                        Agenda Rapat
  No
          Date of Meeting                                                     Meeting Agenda
   1      16 Februari 2024         Audit Issues Tahun Buku 2023
          16 February 2024         Audit Issues in Fiscal Year 2023
   2      27 Maret 2024            Laporan Keuangan Tahun Buku 2023
          27 March 2024            Financial Statements of Fiscal 2023
   3      24 April 2024            1. Laporan Keuangan Tahun Buku 2023
                                   2. Rencana RUPST Perseroan Tahun Buku 2023
                                                                                                                                               Bakrieland Annual Report 2024




                                   1. Financial Statements of Fiscal Year 2023
                                   2. Plans for the Company Annual GMS of Fiscal Year 2023
   4      7 Juni 2024              Persiapan Materi Rapat Kedua RUPST Tahun Buku 2023
          7 June 2024              Preparation of Meeting Materials for Second Annual GMS of Fiscal Year 2023
   5      29 Juli 2024             Rencana Transaksi PT Mutiara Masyhur Sejahtera
          29 July 2024             Plans for Transactions of PT Mutiara Masyhur Sejahtera
   6      30 Juli 2024             Laporan Keuangan Q2 Tahun 2024
          30 July 2024             Financial Statements of Q2 Year 2024
   7      15 Oktober 2024          Daftar Term Sheet Universitas Bakrie dan Rasuna Park
          15 October 2024          Term Sheet List of Universitas Bakrie and Rasuna Park


                                                                                                                                               167
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                                            Tanggal Rapat                                                          Agenda Rapat
                                    No
                                            Date of Meeting                                                       Meeting Agenda
                                     8      25 Oktober 2024           Pemaparan Business Plan & Budget tahun 2025-2029 PT Krakatau Lampung Tourism Development
                                            25 October 2024           Presentation of the 2025-2029 Business Plan & Budget of PT Krakatau Lampung Tourism Development
                                     9      28 Oktober 2024           Pemaparan Business Plan & Budget tahun 2025-2029 PT Bakrie Swasakti Utama
                                            28 October 2024           Presentation of the 2025-2029 Business Plan & Budget of PT Bakrie Swasakti Utama
                                     10     29 Oktober 2024           Laporan Keuangan Q3 Tahun 2024
                                            29 October 2024           Financial Statements of Q3 of Year 2024
                                     11     22 November 2024          Rencana Acara Signing Budget dan Business Plan 2025-2029
                                                                      Plans for Event on Signing of 2025-2029 Budget and Business Plan
                                     12     2 Desember 2024           Pemaparan Budget dan Business Plan 2025-2029
                                            2 December 2024           Presentation of 2025-2029 Budget and Business Plan




                                  RAPAT GABUNGAN DIREKSI DAN                                                 JOINT MEETINGS OF THE BOARD
                                  DEWAN KOMISARIS                                                            OF DIRECTORS AND THE BOARD OF
                                                                                                             COMMISSIONERS

                                  Kebijakan Rapat                                                            Meeting Policy
                                  Selain mengadakan rapat internal, Dewan Komisaris juga                     Apart from holding internal meetings, the Board of Commissioners
                                  menyelenggarakan rapat berkala bersama Direksi untuk membahas              also holds periodic meetings jointly with the Board of Directors
                                  perkembangan kondisi Perseroan termasuk hambatan yang                      to discuss developments in the Company’s conditions including
                                  dihadapi baik dari segi pengelolaan operasional maupun keuangan.           obstacles faced in both operational and financial management
                                  Dalam rapat gabungan tersebut, Dewan Komisaris memberikan                  aspects. In these joint meetings, the Board of Commissioners
                                  rekomendasi kepada Direksi terkait permasalah yang dihadapi agar           provides recommendations to the Board of Directors related to
                                  proses pencapaianan tujuan Perseroan tidak terhambat. Mengacu              issues faced so that the process of achieving the Company’s goals
                                  pada Pedoman Dewan dan POJK 33/2014, Dewan Komisaris wajib                 is not halted. Referring to the Board Manual and POJK 33/2014, the
                                  mengadakan rapat gabungan bersama Direksi secara berkala paling            Board of Commissioners is obligated to hold periodic joint meetings
                                  kurang 1 (satu) kali dalam 4 (empat) bulan.                                with the Board of Directors at least 1 (one) time in 4 (four) months.

                                  Jumlah Rapat dan Frekuensi Kehadiran                                       Number of Meetings and Frequency of Attendance
                                  Sepanjang tahun 2024, Dewan Komisaris dan Direksi telah                    Throughout the year 2024, the Board of Commissioners and
                                  menyelenggarakan 5 (lima) kali rapat dengan tingkat kehadiran              the Board of Directors held 5 (five) meetings with the level of
                                  sebagai berikut:                                                           attendance as follows:


                                                                                                                                               Jumlah              Tingkat
                                                       Nama                                   Jabatan                   Jumlah Rapat         Kehadiran           kehadiran
                                   No
                                                       Name                                   Position                  Total Meeting       Frequency of           Rate of
                                                                                                                                             Attendance          Attendance
                                     1    Bambang Irawan Hendradi            Presiden Komisaris                               5                   5                 100%
                                                                             President Commissioner
                                    2     Armansyah Yamin                    Komisaris | Commissioner                         5                   5                 100%
Bakrieland Laporan Tahunan 2024




                                    3     Kanaka Puradiredja                 Komisaris Independen                             5                   5                 100%
                                                                             Independent Commissioner
                                    4     Resza Adikreshna                   Presiden Direktur | President Director            1                   1                100%
                                    5     Melky Aliandri                     Direktur | Director                               1                   1                100%
                                    6     Sisilia                            Direktur | Director                               1                   1                100%
                                    7     Ambono Janurianto*                 Presiden Direktur | President Director           4                   4                 100%
                                    8     Fandrizal*                         Direktur | Director                              4                   4                 100%
                                    9     Djafarullah*                       Direktur | Director                              4                   4                 100%

                                  Keterangan | Note:
                                  * Tidak menjabat sejak 13 Juni 2024/Not in office since 13 June 2024

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                     Tanggal Rapat                                                Agenda Rapat
 No
                     Date of Meeting                                             Meeting Agenda
  1    27 Maret 2024                             Laporan Keuangan Tahun Buku 2023
       27 March 2024                             Financial Statements of Fiscal Year 2023
  2                                              1. Laporan Keuangan Tahun Buku 2023
       24 April 2024                             2. Rencana RUPST Perseroan Tahun Buku 2023
       24 April 2024                             1. Financial Statements of Fiscal Year 2023
                                                 2. Plans for the Company’s Annual GMS of Fiscal Year 2023
  3    27 Mei 2024                               Rencana RUPST Tahun Buku 2023
       27 May 2024                               Plans for Annual GMS of Fiscal Year 2023
  4    12 Juni 2024                              Rencana RUPST Kedua Tahun Buku 2023
       12 June 2024                              Plans for Second Annual GMS of Fiscal Year 2023
  5    3 Desember 2024                           Budget dan Business Plan 2025-2029
       3 December 2024                           2025-2029 Budget and Business Plan




PEDOMAN TATA TERTIB KERJA DIREKSI                                WORK PROCEDURE GUIDELINES OF THE
                                                                 BOARD OF DIRECTORS

Perseroan telah memiliki Pedoman Tata Tertib Kerja Direksi       The Company retains the Work Procedure Guidelines of the
yang dituangkan dalam Pedoman Dewan dan telah disahkan           Board of Directors as contained in the Board Manual and ratified
melalui Surat Keputusan Direksi dan Komisaris PT Bakrieland      through the Decree of the Board of Directors and the Board of
Development Tbk No. 001/KOM-DIR-PERSEROAN/SK/I/2016              Commissioners of PT Bakrieland Development Tbk No. 001/KOM-
tentang Pengesahan Board Manual. Pedoman Dewan tersebut          DIR-PERSEROAN/SK/I/2016 regarding the Ratification of the Board
berisikan aturan kerja bagi Direksi dan Dewan Komisaris yang     Manual. The Board Manual contains work procedures for the
wajib digunakan sebagai referensi bagi seluruh anggota dalam     Board of Directors and the Board of Commissioners mandatory to
melaksanakan tugas, tanggung jawab, dan wewenang masing-         be used as a reference for all members to carry out their duties,
masing organ sesuai ketentuan hukum dan peraturan yang           responsibilities, and authorities of each organ in accordance
berlaku, sesuai dengan Anggaran Dasar Perseroan dan selaras      with applicable legal provisions and regulations, as set forth
dengan praktik terbaik GCG.                                      by the Company’s Articles of Association and consistent with
                                                                 GCG best practices.

Secara garis besar, Pedoman Dewan Perseroan mengatur hal-        In general, the Company’s Board Manual regulates the following:
hal sebagai berikut:
1. Setiap Anggota Direksi wajib dengan itikad baik dan penuh     1.   Each Member of the Board of Directors, with good intention
    tanggung jawab menjalankan tugas untuk kepentingan dan            and full responsibility, is obligated to carry out duties for the
    usaha Perseroan.                                                  interests and business of the Company.

2. Tunduk pada ketentuan undang-undang yang berlaku,             2. Subject to provisions of applicable laws and regulations, the
   Anggaran Dasar dan keputusan RUPS serta memastikan               Articles of Association and the GMS resolutions, as well as
   seluruh aktivitas Perseroan telah sesuai dengan ketentuan        ensuring that all Company activities comply with provisions
   peraturan perundang-undangan yang berlaku, Anggaran              of applicable laws and regulations, the Articles of Association
   Dasar dan keputusan RUPS.                                        and the GMS resolutions.
                                                                                                                                          Bakrieland Annual Report 2024




3. Memimpin dan mengurus Perseroan sesuai dengan maksud          3. Lead and manage the Company in line with the purpose and
   dan tujuan Perseroan dan senantiasa berusaha untuk               goals of the Company and continuously strive to improve
   meningkatkan efisiensi dan efektivitas Perseroan.                the efficiency and effectiveness of the Company.
4. Menguasai, memelihara dan mengurus kekayaan Perseroan.        4. Control, maintain, and manage Company’s wealth.
5. Bertanggung jawab penuh dalam melaksanakan tugasnya           5. Fully responsible for carrying out duties for the interests of
   untuk kepentingan Perseroan dalam mencapai visi, misi dan        the Company in achieving the Company’s vision, mission,
   tujuan Perseroan.                                                and goals.
6. Mewakili Perseroan baik di dalam maupun di luar pengadilan.   6. Represent the Company both in and outside of the court.
7. Melakukan segala tindakan dan perbuatan, baik mengenai        7. Carry out all actions and deeds, both concerning the
   pengurusan maupun pemilikan serta mengikat Perseroan             management and ownership and binding the Company to

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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                      dengan pihak lain dan atau pihak lain dengan Perseroan,             other parties and/or other parties to the Company, with certain
                                      dengan pembatasan tertentu.                                         restrictions.
                                  8. Menyiapkan susunan organisasi pengurus Perseroan lengkap         8. Prepare the Company’s management organizational structure,
                                      dengan perincian tugasnya.                                          complete with details of the duties.
                                  9. Menerapkan GCG secara konsisten.                                 9. Apply GCG consistently.
                                  10. Wajib menyelenggarakan dan menyimpan Daftar Khusus              10. Obligated to organize and keep safe a Special List in
                                      sesuai ketentuan peraturan perundang-undangan.                      accordance with provisions of the laws and regulations.
                                  11. Bertanggung jawab secara pribadi atas kesalahan dan             11. Personally take responsibility for errors and negligence while
                                      kelalaiannya dalam menjalankan tugas.                               carrying out duties.



                                  PELATIHAN DAN PENGEMBANGAN                                          TRAINING AND COMPETENCY
                                  KOMPETENSI                                                          DEVELOPMENT

                                  Direksi mengikuti program pelatihan dan pengembangan                The Board of Directors joins training and competency
                                  kompetensi atas inisiatif pribadi di luar lingkungan Perseroan.     development programs on personal initiative outside of the
                                                                                                      Company.



                                  PROGRAM ORIENTASI BAGI DIREKTUR                                     ORIENTATION PROGRAM NEW
                                  BARU                                                                DIRECTORS

                                  Direktur baru Perseroan yang diangkat dalam RUPS Tahunan di         The new Directors of the Company appointed at the Annual GMS
                                  bulan Juni 2024 pada dasarnya tidak berasal dari luar Perseroan,    in June 2024 basically do not come from outside the Company,
                                  tetapi masih berasal dari dalam Perseroan. Sejak 2018, mereka       but still come from within the Company. Since 2018, they have
                                  sudah mulai menjabat sebagai Pimpinan Unit Usaha.                   started serving as Business Unit Leaders.

                                  Mulai triwulan ke 3 pada tahun 2023, para calon Direksi baru        Starting in the 3rd quarter of 2023, the new Director candidates
                                  diangkat menjadi pejabat di lingkungan Kantor Pusat sebagai         become officials at the Head Office as Chief Officers or one
                                  Chief Officer atau satu level di bawah Direktur yang sedang         level below the incumbent Director as part of the orientation
                                  menjabat sebagai bagian dari orientasi dan memantapkan masa         and to establish a good transition period to the next leadership
                                  transisi yang baik ke suksesi kepemimpinan selanjutnya. Dalam       succession. During this period, they participate in the review
                                  periode ini, mereka turut serta dalam sesi review dan proses        session and the process of preparing the Company’s Business
                                  penyusunan rencana kerja dan anggaran Unit Usaha Perseroan.         Unit work plan and budget.



                                  PENILAIAN KOMITE DI BAWAH DIREKSI                                   ASSESSMENT OF COMMITTEES UNDER
                                                                                                      THE BOARD OF DIRECTORS

                                  Hingga akhir tahun 2024, Direksi tidak memiliki komite-komite       Until the end of the year 2024, the Board of Directors did not
                                  di bawah Direksi. Adapun organ Tata Kelola lainnya yang berada      have subordinate committees. Other Governance organs under
                                  di bawah Direksi, antara lain Sekretaris Perseroan dan Unit Audit   the Board of Directors, among others, include the Corporate
Bakrieland Laporan Tahunan 2024




                                  Internal telah bekerja dengan optimal dan profesional sesuai        Secretary and the Internal Audit Unit that have worked optimally
                                  dengan peran dan tanggung jawabnya.                                 and professionally according to their roles and responsibilities.



                                  PENILAIAN KINERJA DEWAN KOMISARIS                                   PERFORMANCE ASSESSMENT OF THE
                                  DAN DIREKSI                                                         BOARD OF COMMISSIONERS AND THE
                                                                                                      BOARD OF DIRECTORS

                                  Prosedur Penilaian Kinerja                                          Performance Assessment Procedures
                                  Penilaian dan evaluasi terhadap kinerja Dewan Komisaris dan         Assessment and evaluation of the performance of the Board
                                  Direksi dilakukan secara internal oleh Pemegang Saham dalam         of Commissioners and the Board of Directors are carried out

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RUPS Tahunan berdasarkan pelaksanaan tugas dan kewajibannya           internally by the Shareholders at the Annual GMS based on the
sebagaimana tercantum dalam Anggaran Dasar Perseroan.                 implementation of duties and responsibilities as stated in the
Penilaian kinerja komite di bawah Dewan Komisaris ditentukan          Company’s Articles of Association. Performance assessment on
berdasarkan pencapaian tugas dan tanggung jawab yang                  the committees under the Board of Commissioners is determined
ditetapkan Dewan Komisaris yang akan memberikan penilaian             based on the achievement of duties and responsibilities set forth
satu tahun sekali sebelum RUPS Tahunan diadakan.                      by the Board of Commissioners that evaluates the committees
                                                                      once a year prior to the implementation of the Annual GMS.

Kriteria Penilaian Kinerja                                            Performance Assessment Criteria
Tata cara penilaian kinerja Dewan Komisaris, Direksi, dan Komite      Performance assessment procedures on the Board of Commissioners,
dilakukan dengan mengacu pada pencapaian Key Performance              the Board of Directors and Committees are conducted with reference
Indicator (KPI) yang telah disusun dalam rapat Dewan Komisaris        to Key Performance Indicator (KPI) achievement determined in
dan diputuskan oleh Dewan Komisaris. Aspek KPI tersebut antara        the meeting of the Board of Commissioners and decided by the
lain meliputi, tetapi tidak terbatas pada perspektif keuangan,        Board of Commissioners. This KPI aspect includes, but is not limited
pelanggan, proses internal, pengembangan sumber daya                  to, the perspectives on finance, customers, internal processes,
manusia, dan kepemimpinan. Penetapan KPI harus memenuhi               human resource development, and leadership. Determining KPI
kriteria Specific, Measurable, Accurate, Reliable, dan Timeline       must comply with Specific, Measurable, Accurate, Reliable, and
(SMART).                                                              Timeline (SMART) criteria.

Komponen yang tercantum dalam KPI berfokus pada sasaran kerja         Components contained in the KPI are focused on work targets
yang dicapai dalam periode tertentu sesuai rencana dan target kerja   achieved within a certain period of time in line with work plans
yang telah ditetapkan dalam Rencana Kerja dan Anggaran Tahunan.       and targets setforth within the Annual Work Plan and Budget.
KPI senantiasa dikaji ulang secara berkala untuk menyesuaikan         KPI is always reviewed periodically to align with the Company’s
dengan perkembangan Perseroan sehingga tetap relevan terhadap         ongoing developments so that they remain relevant to their
implementasinya. Prosedur dan penetapan penyusunan KPI diatur         implementation. Procedure and setting the KPI are further
lebih lanjut dalam Surat Keputusan Dewan Komisaris.                   regulated in the Decision Letter of the Board of Commissioners.

Hasil evaluasi terhadap kinerja Dewan Komisaris, Direksi, dan         Results of the evaluation on the performance of the Board of
Komite secara keseluruhan dan kinerja perorangan setiap               Commissioners, the Board of Directors and Committees, overall
anggota merupakan bagian tidak terpisahkan dalam skema                in general and individually on each member are an inseparable
kompensasi dan pemberian insentif. Tata cara evaluasi kinerja         part within the compensation and incentive scheme. Procedures
Direksi, Dewan Komisaris, dan komite di bawah Dewan Komisaris         on assessing the Board of Directors, the Board of Commissioners,
diatur dalam SK Dewan Komisaris No.198/Kom- BLD/SK/XII/09.            and committees under the Board of Commissioners are
                                                                      stipulated in the Decision Letter of the Board of Commissioners
                                                                      No.198/Kom- BLD/SK/XII/09.

Pihak Penilai                                                         Assessor
Pihak yang melakukan penilaian terhadap kinerja Direksi adalah        The party to assess the performance of the Board of Directors
Dewan Komisaris, sedangkan pihak yang melakukan penilaian             is the Board of Commissioners, while the party to assess the
atas kinerja Dewan Komisaris adalah pemegang saham melalui            performance of the Board of Commissioners is the shareholders
mekanisme RUPS.                                                       through the GMS mechanism.
                                                                                                                                             Bakrieland Annual Report 2024




KEBIJAKAN REMUNERASI DEWAN                                            REMUNERATION POLICY OF THE BOARD
KOMISARIS DAN DIREKSI                                                 OF COMMISSIONERS AND THE BOARD
                                                                      OF DIRECTORS

Anggota Dewan Komisaris dan Direksi Perseroan diangkat                Members of the Board of Commissioners and the Board of
dan diberhentikan oleh RUPS. Setiap usulan penggantian dan/           Directors of the Company are appointed and dismissed by the
atau pemberhentian anggota Dewan Komisaris dan Direksi                GMS. Every recommendation of replacement and/or dismissal
disampaikan kepada RUPS dengan mempertimbangkan                       of members of the Board of Commissioners and the Board of
rekomendasi dari Komite Nominasi dan Remunerasi. Dalam                Directors is submitted to the GMS with consideration of the
menjalankan fungsi nominasi, Komite Nominasi dan Remunerasi           recommendations from the Nomination and Remuneration

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                                  bertugas membantu Dewan Komisaris dalam mempersiapkan             Committee. In carrying out the nomination function, the
                                  calon anggota Dewan Komisaris dan Direksi serta mengusulkan       Nomination and Remuneration committee is tasked with assisting
                                  besaran remunerasinya. Dewan Komisaris juga dapat mengajukan      the Board of Commissioners in preparing candidate members of
                                  calon tersebut dan remunerasinya untuk memperoleh keputusan       the Board of Commissioners and the Board of Directors as well
                                  RUPS dengan cara sesuai dengan ketentuan Anggaran Dasar           as in recommending the amount of remuneration. The Board
                                  Perseroan.                                                        of Commissioners may also propose the candidates and their
                                                                                                    remunerations to obtain GMS decision by means in accordance
                                                                                                    to provisions in the Company’s Articles of Association.



                                  PROSEDUR PENETAPAN REMUNERASI                                     PROCEDURES ON DETERMINING
                                  DEWAN KOMISARIS DAN DIREKSI                                       REMUNERATION OF THE BOARD OF
                                                                                                    COMMISSIONERS AND THE BOARD OF
                                                                                                    DIRECTORS

                                  Sesuai ketentuan Anggaran Dasar Perseroan, Dewan Komisaris        In accordance with provisions set under the Company’s
                                  dan Direksi berhak atas sejumlah remunerasi yang telah            Articles of Association, the Board of Commissioners and the
                                  disetujui oleh pemegang saham melalui RUPS berdasarkan            Board of Directors are eligible for remuneration as approved
                                  kajian dan usulan yang disampaikan oleh Komite Nominasi           by the shareholders through the GMS based on reviews
                                  dan Remunerasi. Akan tetapi, pada pelaksanaannya, wewenang        and recommendations submitted by the Nomination and
                                  penetapan remunerasi Dewan Komisaris dan Direksi juga dapat       Remuneration Committee. However, in its implementation, the
                                  dilimpahkan oleh RUPS kepada Dewan Komisaris dengan               authority to set the remuneration of the Board of Commissioners
                                  tetap memperhatikan rekomendasi dari Komite Nominasi dan          and the Board of Directors is also delegated by the GMS to
                                  Remunerasi. Selanjutnya, Dewan Komisaris akan mengusulkan         the Board of Commissioners yet remains with consideration of
                                  jumlah kompensasi berdasarkan rekomendasi dari Komite             the recommendations from the Nomination and Remuneration
                                  Remunerasi dan Nominasi, untuk disetujui dalam RUPST.             Committee. Subsequently, the Board of Commissioners proposes
                                                                                                    the amount of compensation based on the recommendation
                                                                                                    from the Nomination and Remuneration Committee, for approval
                                                                                                    in the GMS.



                                  STRUKTUR REMUNERASI                                               REMUNERATION STRUCTURE

                                  Dewan Komisaris dan Direksi menerima imbalan jasa dalam           The Board of Commissioners and the Board of Directors receive
                                  bentuk gaji, tunjangan, dan fasilitas.                            service fees in the forms of salaries, allowances, and facilities.



                                  BESARAN REMUNERASI                                                AMOUNT OF REMUNERATION

                                  Melalui Surat Keputusan Dewan Komisaris No.006/KOM-BLD/SK/        Through the Decision of the Board of Commissioners No. 006/
                                  XII/2011 tentang Penetapan Struktur Gaji Direksi dan Komisaris,   KOM-BLD/SK/XII/2011 on Determining the Salary Structure of the
                                  Perseroan secara transparan mengatur besaran gaji per bulan       Board of Directors and the Board of Commissioners, the Company
Bakrieland Laporan Tahunan 2024




                                  bagi anggota Direksi dan Dewan Komisaris, rentang gaji satu       transparently regulates the amount of monthly salary for members
                                  sama lain, serta pertimbangan yang mendasari penentuan            of the Board of Directors and the Board of Commissioners, salary
                                  besaran gaji tersebut. Surat Keputusan tersebut merupakan         ranges between them, as well as the underlying considerations
                                  penyempurnaan dari Surat Keputusan Dewan Komisaris No.19/         in determining the amount of these salaries. This Decision is the
                                  Kom-BLD/SK/XII/09 yang juga mengatur besaran gaji anggota         amended version of the Decision of the Board of Commissioners
                                  Direksi dan Dewan Komisaris.                                      No. 19/Kom-BLD/SK/XII/09 which also regulates the amount of
                                                                                                    salary for members of the Board of Directors and the Board of
                                                                                                    Commissioners.

                                  Besaran remunerasi yang ditetapkan bagi anggota Dewan             The amount of remuneration determined for members of the
                                  Komisaris dan Direksi Perseroan senantiasa memperhatikan          Board of Commissioners and the Board of Directors of the

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besaran penghasilan tahun-tahun sebelumnya, beban tugas dan          Company always takes into account the amount of income from
tanggung jawab, serta disesuaikan dengan tingkat remunerasi          the previous years, the burden of tasks and responsibilities, and
eksekutif pada industri sejenis. Pada tahun 2024, Dewan              adjustment to the level of executives’ remuneration in similar
Komisaris menerima remunerasi sebesar Rp2.622.838.000 dan            industries. In 2024, the Board of Commissioners received
Direksi menerima remunerasi sebesar Rp3.176.380.000.                 remuneration at the amount of Rp2,622,838,000 and the Board
                                                                     of Directors at the amount of Rp3,176,380,000.


                                                  2024                                                    2023
         Komponen
         Component                 Tertinggi                  Terendah                    Tertinggi                    Terendah
                                    Highest                    Lowest                      Highest                      Lowest
 Gaji/Tahun (Rp)                       636.940.033                  71.339.305                665.280.000                     61.182.000
 Salary/Year (Rp)
 Tunjangan/Tahun (Rp)                   211.000.000                  9.100.000                 140.000.000                    9.500.000
 Allowance/Year (Rp)
 Total                                  847.940.033                 80.439.305                805.280.000                    70.682.000




HUBUNGAN AFILIASI                                                    AFFILIATION

Seluruh anggota Dewan Komisaris dan Direksi Perseroan tidak          All members of the Board of Commissioners and the Board of
memiliki hubungan afiliasi baik dalam hal kekeluargaan, finansial    Directors of the Company are not affiliated, in terms of family,
dan bisnis baik antara sesama anggota Direksi, antara anggota        finance, and business, among members of the Board of Directors,
Direksi dengan anggota Dewan Komisaris, antara anggota Direksi       between members of the Board of Directors and members of
dengan Pemegang Saham Pengendali, antar anggota Dewan                the Board of Commissioners, between members of the Board of
Komisaris, antara anggota Dewan Komisaris dengan pemegang            Directors and the Controlling Shareholder, among members of
saham utama dan/atau pengendali. Hal ini dinyatakan melalui          the Board of Commissioners, and between members of the Board
Surat Pernyataan Tidak Memiliki Benturan Kepentingan yang            of Commissioners and the Main and/or Controlling Shareholder.
telah ditandatangani oleh Direksi untuk masa jabatan pada 2024.      This is disclosed through the Statement Letter on No Conflict of
                                                                     Interest signed by the Board of Directors for the 2024 term of office.

KOMITE-KOMITE DI BAWAH DEWAN                                         COMMITTEES UNDER THE BOARD OF
KOMISARIS                                                            COMMISSIONERS

Komite Audit                                                         Audit Committee
Komite Audit merupakan organ pendukung di bawah Dewan                The Audit Committee is a supporting organ under the Board
Komisaris yang bertugas memberikan nasihat dan jaminan atas          of Commissioners tasked to provide advice and assurance on
integritas pengungkapan keuangan Perseroan, melakukan                the integrity of disclosing the Company’s finances, conduct
pengawasan terhadap pengendalian internal, manajemen risiko          supervision on internal control, risk management, and internal
dan audit internal, serta memantau kepatuhan Perseroan terhadap      audit, as well as monitor the Company’s compliance to prevailing
peraturan perundang-undangan yang berlaku. Pembentukan Komite        laws and regulations. The formation of the Audit Committee in
Audit di Perseroan mengacu pada Surat Keputusan No. 003/KOM-         the Company refers to Decision No. 003/KOM-PERSEROAN/
PERSEROAN/SKDK/VIII/2022 dan Surat Keputusan No. 001/KOM-            SKDK/VIII/2022 and Decision No. 001/KOM-PERSEROAN/SKDK/
                                                                                                                                              Bakrieland Annual Report 2024




PERSEROAN/SKDK/II/2023 tentang Pemberhentian, Pengangkatan           II/2023 regarding the Dismissal, Appointment, and Ratification
dan Pengesahan Komite Audit PT Bakrieland Development Tbk.           of the Audit Committee of PT Bakrieland Development Tbk.

Komposisi dan Masa Jabatan Komite Audit                              Composition and Term of Office of tthe Audit
                                                                     Committee
Komposisi Komite Audit Perseroan terdiri 1 (satu) orang Komisaris    The composition of the Company’s Audit Committee consists of 1
Independen sebagai ketua merangkap anggota dan 2 (dua)               (one) Independent Commissioner as chairman, concurrently as a
orang pihak eksternal yang independen sebagai anggota yang           member and 2 (two) individuals of independent external parties
telah memenuhi persyaratan independensi sebagaimana diatur           as members who meet the requirements of independence as
dalam POJK No. 55/POJK.04/2015 tentang Pembentukan dan               regulated in POJK No. 55/POJK.04/2015 on the Formation and
Pelaksanaan Kerja Komite Audit.                                      Work Implementation of the Audit Committee.
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                                  Masa jabatan anggota Dewan Komisaris yang merangkap sebagai              The term of office of members of the Board of Commissioners
                                  anggota Komite Audit adalah sama dengan masa jabatannya                  concurrently as members of the Audit Committee is the same as
                                  sebagai anggota Dewan Komisaris sebagaimana ditetapkan                   the term of office as members of the Board of Commissioners
                                  melalui RUPS.                                                            as stipulated in the GMS.

                                  Pada tahun 2024, komposisi Komite Audit Perseroan tidak                  In the year 2024, the composition of the Audit Committee of the
                                  mengalami perubahan dengan kronologis sebagai berikut:                   Company remained the same, with the chronology as follows:


                                                    Nama                     Jabatan                                         Periode Jabatan
                                   No
                                                    Name                     Position                                         Term of Office
                                    1    Kanaka Puradiredja             Ketua                   Periode Menjabat ke-1
                                                                        Chairman                17 Februari 2023 – 30 hari setelah realisasi RUPST 2025
                                                                                                1st Term of Office
                                                                                                17 February 2023 – 30 days following the realization of the 2025 Annual GMS
                                    2    Soenarso Soemodiwirjo          Anggota                 Periode Menjabat ke-1
                                                                        Member                  17 Februari 2023 – 30 hari setelah realisasi RUPST 2025
                                                                                                1st Term of Office
                                                                                                17 February 2023 – 30 days following the realization of the 2025 Annual GMS
                                    3    Mohamad Hassan                 Anggota                 Periode Menjabat ke-2
                                                                        Member                  17 Februari 2023 – 30 hari setelah realisasi RUPST 2025
                                                                                                2nd Term of Office
                                                                                                17 February 2023 – 30 days following the realization of the 2025 Annual GMS



                                  PROFIL ANGGOTA KOMITE AUDIT                                              PROFILE OF MEMBERS OF THE AUDIT
                                                                                                           COMMITTEE

                                  Kanaka Puradiredja – Ketua Komite Audit                                  Kanaka Puradiredja – Chairman of the Audit
                                                                                                           Committee
                                  Beliau diangkat sebagai Ketua Komite Audit berdasarkan Surat             He was appointed as Chairman of the Audit Committee based
                                  Keputusan Dewan Komisaris PT Bakrieland Development Tbk No.              on the Decision Letter of the Board of Commissioners of PT
                                  001/KOM-PERSEROAN/SKDK/II/2023. Beliau memiliki rangkap                  Bakrieland Development Tbk No. 001/KOM-PERSEROAN/SKDK/
                                  jabatan sebagai Komisaris Independen serta Ketua Komite                  II/2023. He concurrently serves the position of Independent
                                  Nominasi dan Remunerasi Perseroan. Profil beliau disajikan               Commissioner as well as Chairman of the Nomination and
                                  pada bagian profil Dewan Komisaris pada Laporan Tahunan ini.             Remuneration Committee of the Company. His profile is presented
                                                                                                           in the section on the Profile of the Board of Comissioners of this
                                                                                                           Annual Report.
                                  Soenarso Soemodiwirjo
                                   Anggota
                                   Warga Negara Indonesia, 78 tahun, domisili di Jakarta.
                                   Member
                                   Indonesian Nationality, age 78 years, domicile in Jakarta.
Bakrieland Laporan Tahunan 2024




                                   Dasar Pengangkatan:         Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/SKDK/
                                   Basis of Appointment        II/2023.
                                                               Decision Letter of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/KOM-
                                                               PERSEROAN/SKDK/II/2023.
                                   Riwayat Pendidikan:         Beliau memperoleh gelar Sarjana Akuntansi dari Institut Ilmu Keuangan, Departemen Keuangan, Jakarta
                                   Educational Background      (1974).
                                                               He received his Bachelor’s degree in Accounting from the Institute of Financial Sciences, Department of
                                                               Finance, Jakarta (1974).




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Riwayat Karier:             Beliau memiliki pengalaman luas dalam bidangnya, antara lain pernah menjabat sebagai Komisaris
Professional Background     Independen dan Ketua Komite Audit PT Graha Andrasentra Propertindo Tbk, Ketua Tim Task Force
                            Penyusunan Manual Komite Audit, Konsultan Manajemen PT Sucofindo (Persero), Staf Ahli Direksi PT PAN
                            (multi finance company), Anggota Komite Audit PT Nusa Konstruksi Enjiniring Tbk, Anggota Komite Audit
                            PT Bank MNC Internasional Tbk, Anggota Komite Audit di PT Sucofindo (Persero), Anggota Komite Audit
                            PT Danareksa (Persero) dan Anggota Komite Audit PT Bank CIMB Niaga Tbk.
                            He retains vast experience in the field, including as Independent Commissioner and Chairman of the Audit
                            Committee of PT Graha Andrasentra Propertindo Tbk, Chairman of the Task Force Team for the Compilation
                            of the Audit Committee Manual, Management Consultant at PT Sucofindo (Persero), Expert Staff of the
                            Board of Directors of PT PAN (multi-finance company), Member of the Audit Committee of PT Nusa
                            Konstruksi Enjiniring Tbk, Member of the Audit Committee of PT Bank MNC Internasional Tbk, Member of
                            the Audit Committee of PT Sucofindo (Persero), Member of the Audit Committee of PT Danareksa (Persero),
                            and Member of the Audit Committee of PT Bank CIMB Niaga Tbk.
Rangkap Jabatan:            Selain sebagai Anggota Komite Audit Perseroan, beliau saat ini juga menjabat sebagai Anggota Komite
Concurrent Position         Audit dan Sekretaris Dewan Komisaris PT Papua Power Indonesia.
                            Aside from serving as a Member of the Company’s Audit Committee, he is concurrently as a Member of the
                            Audit Committee and Secretary of the Board of Commissioners of PT Papua Power Indonesia.

Mohamad Hassan
Anggota
Warga Negara Indonesia, 63 tahun, domisili di Jakarta.
Member
Indonesian Nationality, age 63 years, domicile in Jakarta.
Dasar Pengangkatan:         Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/SKDK/
Basis of Appointment        II/2023.
                            Decision Letter of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/KOM-
                            PERSEROAN/SKDK/II/2023.
Riwayat Pendidikan:         Beliau menyelesaikan pendidikan Diploma III Sekolah Tinggi Akuntansi Negara (1983), Diploma IV Sekolah
Educational Background      Tinggi Akuntansi Negara (1991), S2 dengan gelar Master of Accountancy & Financial Information Systems,
                            Konsentrasi Ilmu di Bidang Audit Internal, Cleveland State University, Ohio, USA (1993).
                            He completed his education for Diploma III at the State Accountancy College (1983), Diploma IV at the State
                            Accountancy College (1991), Master’s degree (Sarjana2) in Accounting & Financial Information Systems,
                            Concentrated Science in the Field of Internal Audit, Cleveland State University, Ohio, USA (1993).
Riwayat Karier:             Pernah berkerja di Badan Pengawasan Keuangan dan Pembangunan (BPKP) (1983-2010), Pengajar di
Professional Background     Sekolah Tinggi Akuntansi Negara (STAN) (1994-2019), Pengajar audit internal S2 Kwik Kian Gie School
                            of Business (2006-2016). Menjadi pembicara/narasumber untuk topik audit internal dan Governance,
                            Risk Management, & Control (GRC) di berbagai seminar dan workshop baik di organisasi profesi, instansi
                            pemerintah, dan perusahaan. Sebagai wujud komitmen di bidang profesi, Beliau mendedikasikan diri
                            secara volunteer untuk aktif di berbagai organisasi profesi, di antaranya The Institute of Internal Auditors
                            (2015-2021), sebagai Wakil Ketua Umum Lembaga Profesi Perhimpunan Auditor Internal Indonesia (PAII)
                            (2022-2027), Wakil Ketua Dewan Sertifikasi Certification in Audit Committee Practices (CACP) (2023-
                            2025), Anggota Dewan Sertifikasi Qualified Internal Auditor (QIA) (2022-2027), Anggota Dewan Pengurus
                            Qualified Healthcare Internal Auditor (QHIA) (2021-2026), Anggota Dewan Eksekutif Qualified Government
                            Internal Auditor (QGIA) (2020-2025) dan Anggota Dewan Certified Professional Management Accountant
                            (CPMA) (2023-2026).
                            He worked at the Financial and Development Supervisory Board (BPKP) (1983-2010), instructor/faculty
                            member at the State Accounty College (STAN) (1994-2019), and was on Instructor/Faculty Member on
                            Internal Auditat the S2 Kwik Kian Gie School of Business (2006-2016). He was a speaker on the topic of
                            internal audit and governance, Risk Management, and Control (GRC) in various seminars and workshops in
                            professional organizations, government institutions and companies. As a form of professional commitment,
                                                                                                                                               Bakrieland Annual Report 2024




                            he dedicates himself to be actively involved as volunteer in various professional organizations, among
                            others, at the Institute of Internal Auditors (2015-2021), as Vice Chairman of the Institute of Profession - the
                            Indonesian Internal Auditor Association (PAII) (2022-2027), Vice Chairman of the Board of Certification in
                            Audit Committee Practices (CACP) (2023-2025), Member of the Certification Board of Qualified Internal
                            Auditor (QIA) (2022-2027), Member of the Management Board of Qualified Healthcare Internal Auditor
                            (QHIA) (2021-2026), Member of the Executive Board of Qualified Government Internal Auditor (QGIA)
                            (2020-2025) and Member of the Board of Certified Professional Management Accountant (CPMA) (2023-
                            2026).




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                                   Rangkap Jabatan:          Beliau saat ini menjabat sebagai anggota Komite Audit di Perseroan serta juga menjadi Chief Risk
                                   Concurrent Position       Management & Quality Assurance Executive di YPIA dan Komite Audit/Komite Pemantau Risiko di beberapa
                                                             perusahaan.
                                                             He is concurrently serving as a member of the Audit Committee of the Company as well as Chief Risk
                                                             Management & Quality Assurance Executive at YPIA and the Audit Committee/Risk Monitoring Committee
                                                             in several companies.



                                  INDEPENDENSI KOMITE AUDIT                                         INDEPENDENCY OF THE AUDIT
                                                                                                    COMMITTEE

                                  Seluruh anggota Komite Audit menjalankan tugas dan tanggung       All members of the Audit Committee carry out their duties and
                                  jawabnya secara profesional dan independen serta terbebas dari    responsibilities professionally and independently as well as
                                  segala bentuk konflik kepentingan yang dapat memengaruhi          free from all forms of conflict of interest that may affect their
                                  kemampuannya dalam melaksanakan fungsi pengawasan secara          capabilities to implement supervisory functions objectively. The
                                  objektif. Independensi Komite Audit setidaknya dijamin dengan     independence of the Audit Committee is at least assured by
                                  adanya satu orang Komisaris Independen yang bertindak sebagai     the presence of one Independent Commissioner who acts as
                                  Ketua, sementara dua anggota lainnya merupakan pihak eksternal    Chairman, while the other members are independent external
                                  yang independen.                                                  parties.



                                  TUGAS DAN TANGGUNG JAWAB                                          DUTIES AND RESPONSIBILITIES

                                  Secara umum, tugas dan tanggung jawab utama Komite Audit          In general, the main duties and responsibilities of the Audit
                                  adalah membantu Dewan Komisaris dalam melakukan evaluasi          Committee are to assist the Board of Commissioners in conducting
                                  dan pengawasan tentang proses pelaporan keuangan, proses          assessments and supervision on the financial reporting process,
                                  audit internal dan eksternal serta praktik GCG berjalan dengan    internal and external audit processes, as well as the proper
                                  baik dan sesuai prosedur. Berdasarkan surat dari Komite Audit     implementation of GCG practices in accordance with applicable
                                  kepada Dewan Komisaris, fungsi Komite Pemantau Risiko dan         procedures. Based on the letter from the Audit Committee to
                                  Komite Kebijakan Corporate Governance dijalankan oleh Komite      the Board of Commissioners, the functions of the Risk Monitoring
                                  Audit.                                                            Committee and the Corporate Governance Policy Committee
                                                                                                    are carried out by the Audit Committee.

                                  Uraian lengkap mengenai tugas dan tanggung jawab Komite Audit     A full description of the duties and responsibilities of the
                                  telah diatur dalam Pedoman Dewan yang disahkan dalam Surat        Audit Committee is set forth in the Board Manual as ratified
                                  Keputusan Direksi dan Komisaris PT Bakrieland Development Tbk     under the Decree of the Board of Directors and the Board of
                                  No. 001/KOM-DIR-PERSEROAN/SK/I/2016 tentang Pengesahan            Commissioners of PT Bakrieland Development Tbk No. 001/
                                  Board Manual.                                                     KOM-DIR-PERSEROAN/SK/I/2016 regarding the Ratification of
                                                                                                    the Board Manual.



                                  PIAGAM KOMITE AUDIT                                               CHARTER OF THE AUDIT COMMITTEE
Bakrieland Laporan Tahunan 2024




                                  Fungsi utama Komite Audit adalah membantu Dewan Komisaris         The main function of the Audit Committee is to assist the Board
                                  dalam memenuhi tanggung jawab pengawasannya terhadap              of Commissioners in fulfilling the supervisory responsibilities
                                  proses pelaporan keuangan, penerapan pengelolaan risiko usaha     over the financial reporting process, implementation of business
                                  dan keuangan serta sistem pengendalian internal terkait, proses   and financial risk management, related internal control system,
                                  Audit oleh Auditor Internal maupun Eksternal serta penerapan      audit process by Internal and External Auditors as well as Good
                                  Good Corporate Governance dalam pengelolaan perusahaan.           Corporate Governance implementation in the management of
                                                                                                    the company.

                                  Lebih lanjut sebagaimana diatur dalam Piagam Komite Audit,        Moreover, as regulated in the Audit Committee Charter, the scope
                                  adapun lingkup fungsi pengawasan (oversight) Komite Audit         of the oversight function of the Audit Committee of the Company
                                  Perseroan mencakup hal-hal berikut ini:                           covers the following:

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1. Laporan Keuangan dan Laporan Tahunan                             1.   Financial Statements and Annual Reports
   Melakukan oversight atas laporan keuangan dan Laporan                 Carry out oversight of the financial statements and the
   Tahunan Terintegrasi Perseroan yang diterbitkan untuk                 Company’s Integrated Annual Reports published for public
   kepentingan publik.                                                   interests.

2. Manajemen Risiko                                                 2. Risk Management
   Memperoleh informasi mengenai pelaksanaan aktivitas                 Obtain information on the implementation of risk management
   manajemen risiko yang dilakukan oleh Manajemen.                     activities conducted by the Management.

3. Pengendalian Internal                                            3. Internal Control
   Melalui hasil kerja Auditor Internal dan Eksternal melakukan        Through the work results of the Internal and External Auditors,
   oversight atas efektivitas pengendalian internal yang telah         carry out oversight of the effectiveness of internal control
   diterapkan oleh Manajemen dalam pengelolaan usaha                   applied by the Management in managing business as well
   maupun penyajian laporan keuangan Perseroan.                        as in presenting the Company’s financial reports.

4. Aktivitas Assurance                                              4. Assurance Activities
   a. Melakukan review atas rencana dan hasil aktivitas yang           a. Conduct reviews on the plans and results of activities
      dilakukan oleh Auditor Internal dalam meyakinkan bahwa              carried out by the Internal Auditor in convincing that
      aktivitas operasional telah sesuai dengan peraturan                 operational activities are in accordance with the
      Perseroan dan peraturan yang dikeluarkan oleh pihak                 Company’s regulations and regulations issued by the
      Otoritas;                                                           Authority;
   b. Melakukan review atas rencana dan hasil aktivitas Auditor        b. Conduct reviews on the plans and results of activities
      Eksternal dalam meyakinkan bahwa laporan keuangan                   of the External Auditor in convincing that the financial
      bebas dari salah saji material.                                     reports are free from material mis-statement.

5. Objektivitas dan Independen                                      5. Objectivity and Independency
   Melakukan review atas obyektivitas dan independensi Auditor         Conduct reviews on the objectivity and independency of
   Internal maupun Eksternal.                                          the Internal as well as External Auditors.

6. Corporate Governance                                             6. Corporate Governance
   Melakukan oversight atas pelaksanaan Good Corporate                 Conduct oversight on the implementation of Good Corporate
   Governance dan pemantauan atas ketaatan Perseroan                   Governance and monitoring of the Company’s compliance
   terhadap peraturan perundangan yang berlaku, benturan               with applicable laws and regulations, conflict of interest, and
   kepentingan, dan etika usaha.                                       business ethics.

Dalam menjalankan tugas dan tanggung jawabnya, seluruh              In performing their duties and responsibilities, all members of
anggota Komite Audit wajib berpedoman pada Piagam Komite            the Audit Committee are obliged to be guided by the Audit
Audit yang mengatur secara rinci hal-hal terkait struktur           Committee Charter that regulates in detail on matters related to
organisasi, keanggotaan, tanggung jawab, wewenang dan tata          the organizational structure, membership, responsibility, authority
cara pelaporan Komite Audit.                                        and reporting procedure of the Audit Committee.



RAPAT KOMITE AUDIT                                                  MEETINGS OF THE AUDIT COMMITTEE
                                                                                                                                          Bakrieland Annual Report 2024




Kebijakan Rapat                                                     Meeting Policy
Komite Audit mengadakan rapat secara berkala paling kurang          The Audit Committee holds meetings periodically, at least once
satu kali dalam 3 (tiga) bulan atau 4 (empat) kali dalam setahun.   in 3 (three) months or 4 (four) times in a year. As regulated in
Sebagaimana diatur dalam Piagam Komite Audit, metode                the Audit committee Charter, the method of decision-making in
pengambilan keputusan dalam rapat Komite Audit dapat                Audit Committee meetings may be conducted at least if attended
dilakukan apabila sekurang-kurangnya dihadiri oleh lebih dari       by more than ½ (one-half) of the total members, including an
½ (satu per dua) dari jumlah anggota termasuk seorang Komisaris     Independent Commissioner.
Independen.


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                                  Jumlah Rapat dan Frekuensi Kehadiran                                 Number of Meeting and Frequency of Attendance
                                  Selama tahun 2024, Komite Audit telah menyelenggarakan 7             Throughout the year 2024, the Audit Committee held 7 (seven)
                                  (tujuh) secara online melalui platform Zoom Meeting, dengan          meetings online through the Zoom Meeting platform with
                                  uraian tingkat kehadiran masing-masing anggota adalah sebagai        descriptions on the level of attendance of each member as
                                  berikut:                                                             follows:


                                                                                                                        Jumlah Kehadiran
                                                    Nama                   Jabatan               Jumlah Rapat                                     Tingkat Kehadiran
                                   No                                                                                     Frequency of
                                                    Name                   Position              Total Meeting                                    Rate of Attendance
                                                                                                                           Attendance
                                    1       Kanaka Puradiredja     Ketua | Chairman                     7                          7                     100%
                                    2       Soenarso Soemodiwirjo Anggota | Member                      7                          7                     100%
                                    3       Mohamad Hassan         Anggota | Member                     7                          7                     100%



                                               Tanggal Rapat                                                 Agenda Rapat
                                    No
                                               Date of Meeting                                              Meeting Agenda
                                        1    09 Januari 2024     Pembahasan Audit Planning KAP untuk audit Laporan Keuangan tahun 2023.
                                             09 January 2024     Discussion on Public Accounting Firm (KAP) Audit Planning to Audit the 2023 Financial Statements
                                     2       15 Maret 2024       Pembahasan Key Audit Matters tahun Audit 2023 dengan KAP
                                             15 March 2024       Discussion with the KAP on Key Audit Matters of the 2023 Audit.
                                     3       26 Maret 2024       Pembahasan Penyelesaian Audit Laporan Keuangan tahun Audit 2023 dengan KAP
                                             26 March 2024       Discussion with the KAP on the Completion of the Audit on the 2023 Financial Statements.
                                     4       30 April 2024       Pembahasan Laporan Keuangan Kuartal 1 (Q1) tahun 2024 dengan Management
                                                                 Discussion with the Management on the Financial Statements of Q1 of 2024.
                                     5       27 Mei 2024         Melakukan Evaluasi Kinerja KAP yang mengaudit Laporan Keuangan tahun 2023
                                             27 May 2024         Conduct Assessment of KAP’s Performance on the audit of the 2023 Financial Statements
                                     6       30 Juli 2024        Pembahasan Laporan Keuangan Kuartal 2 (Q2) tahun 2024 dengan Management
                                             30 July 2024        Discussion with the Management on the Financial Statements of Q2 of 2024.
                                        7    27 Oktober 2024     Pembahasan Laporan Keuangan Kuartal 3 (Q3) tahun 2024 dengan Management
                                             27 October 2024     Discussion with the Management on theFinancial Statements of Q3 of 2024.



                                  PELATIHAN KOMITE AUDIT                                               TRAINING OF THE AUDIT COMMITTEE

                                  Komite Audit mengikuti program pelatihan dan pengembangan            The Audit Committee takes part in training and competency
                                  kompetensi dengan inisiatif pribadi di luar lingkungan Perseroan.    development programs on personal initiative outside of the
                                                                                                       Company.

                                  PELAKSANAAN KEGIATAN KOMITE                                          IMPLEMENTATION OF ACTIVITIES OF
                                  AUDIT TAHUN 2024                                                     THE AUDIT COMMITTEE IN 2024

                                  Pada tahun 2024, Komite Audit telah melaksanakan hal-hal berikut:    In 2024, the Audit Committee carried out the following activities:
Bakrieland Laporan Tahunan 2024




                                  1. Membahas isu-isu dan progres audit eksternal atas Laporan         1. Discussed issues and progress on the external audit of the
                                     Keuangan Konsolidasian Perseroan tahun 2023.                          Company’s 2023 Consolidated Financial Statements.
                                  2. Mereview dan membahas isu-isu dalam Laporan Keuangan              2. Reviewed and discussed issues in the Company’s 2023
                                     Konsolidasian Triwulanan Perseroan tahun 2023 yang tidak              Quarterly Consolidated Financial Statements not previously
                                     diaudit sebelum disampaikan kepada pihak Otoritas.                    audited prior to submission to the Authority.
                                  3. Melakukan evaluasi kinerja auditor eksternal yang mengaudit       3. Evaluated the performance of the external auditor in auditing
                                     Laporan Keuangan Konsolidasian Perseroan tahun 2023 dan               the Company’s 2023 Consolidated Financial Statements and
                                     merekomendasikan penunjukan Auditor Eksternal yang akan               recommended the appointment of an External Auditor to audit
                                     mengaudit Laporan Keuangan Konsolidasian Perseroan tahun 2024.        the Company’s 2024 Consolidated Financial Statements.
                                  4. Membahas perencanaan audit Auditor Eksternal dalam mengaudit      4. Discussed plans on the External Auditor audit on the
                                     Laporan Keuangan Konsolidasian Perseroan tahun 2024.                  Company’s 2024 Consolidated Financial Statements.

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LAPORAN KOMITE AUDIT                                                AUDIT COMMITTEE REPORT

Kepada Yth/                                                         To
Dewan Komisaris                                                     The Board of Commissioners
PT Bakrieland Development Tbk                                       PT Bakrieland Development Tbk
Wisma Bakrie 1, Lantai 6                                            Wisma Bakrie 1, 6th Floor
Jalan H.R. Rasuna Said Kav B-1                                      Jalan H.R. Rasuna Said Kav B-1
Jakarta 12920                                                       Jakarta 12920


Laporan Tahunan Pelaksanaan Kegiatan Komite Audit untuk Tahun       Annual Report on the Implementation of Audit Committee Activities
yang Berakhir pada Tanggal 31 Desember 2024.                        for the Year Which Ended on 31 December 2024.


Komite Audit adalah sebuah Komite yang dibentuk oleh dan            The Audit Committee is a Committee established by and reports to
bertanggung jawab kepada Dewan Komisaris dalam membantu             the Board of Commissioners in assisting the duties and function of
melaksanakan tugas dan fungsi Dewan Komisaris. Tugas utama          the Board of Commissioners. The main duties of the Company’s
Komite Audit di Perseroan adalah:                                   Audit Committee are as follows:
1. Melakukan review atas laporan keuangan Perseroan yang            1. Conduct a review of the Company’s published financial
   diterbitkan untuk kepentingan publik dan kesesuaiannya              statements for the public’s interest and their compliance with
   dengan Standar Akuntansi Keuangan (SAK) Indonesia.                  the Indonesian Financial Accounting Standards (SAK).
2. Melakukan kajian atas rencana dan pelaksanaan audit Auditor      2. Conduct a review of the audit plan and implementation of
   Eksternal dalam tugas meyakini mereka bahwa laporan                 the External Auditor in its task to convince that the financial
   keuangan telah disajikan sesuai dengan SAK dan bebas dari           statements are presented in accordance with SAK and are free
   salah saji material.                                                from material misstatement.
3. Melalui hasil kerja Auditor Eksternal melakukan oversight        3. Through the work results, the External Auditor carries out
   atas pengendalian internal dalam proses penyusunan laporan          oversight of internal control in the process of preparing financial
   keuangan yang diterapkan oleh Manajemen.                            reports implemented by the Management.
4. Melakukan kajian atas rencana dan hasil aktivitas yang           4. Conduct review on the plan and activity results carried out by
   dilakukan oleh Auditor Internal dalam meyakinkan bahwa              the Internal Auditor in convincing that operational activities are
   aktivitas operasional telah sesuai dengan peraturan Perusahaan      in accordance with Company regulations and applicable laws
   dan peraturan perundang-undangan yang berlaku.                      and regulations.
5. Melakukan kajian atas obyektivitas dan independensi Auditor      5. Conduct reiew on the objectivity and independency of the
   Internal maupun Auditor Eksternal.                                  Internal Auditor as well as the External Auditor.


Untuk periode tahun 2024 Komite Audit Perseroan terdiri dari        For the period of the year 2024, the Audit Committee of the
seorang ketua dan 2 (dua) anggota sebagai berikut:                  Company consists of a chairman and 2 (two) members as follows:
1. Kanaka Puradiredja (Ketua/Komisaris Independen)                  1. Kanaka Puradiredja Chairman/Independent Commissioner)
2. Soenarso Soemodiwirjo (Anggota/Profesional Independen)           2. Soenarso Soemodiwirjo (Member/Independent Professional)
3. Mohamad Hassan (Anggota/Profesional Independen)                  3. Mohammad Hassan (Member/Independent Professional)


Sepanjang tahun 2024, Komite Audit menyelenggarakan 8               Throughout the year 2024, the Audit Committee held 8 (eight)
(delapan) kali pertemuan formal, dengan fokus utamanya adalah       formal meetings, with the main focus on monitoring the completion
memonitor penyelesaian laporan keuangan Perseroan, baik             of the Company’s financial statements, both the unaudited interim
                                                                                                                                             Bakrieland Annual Report 2024




laporan keuangan interim yang tidak diaudit dan tahunan yang        financial statements and the annual statements audited by External
diaudit oleh Auditor Eksternal.                                     Auditor.


Tingkat kehadiran anggota Komite dalam rapat tersebut adalah        The level of attendance of members of the Committee in these
sebagai berikut:                                                    meetings is as follows:
1. Kanaka Puradiredja 100%                                          1. Kanaka Puradiredja 100%
2. Soenarso Soemodiwirjo 100%                                       2. Soenarso Soemodiwirjo 100%
3. Mohamad Hassan 100%                                              3. Mohammad Hassan 100%




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                                  Adapun hal-hal yang dibahas dalam rapat-rapat tersebut antara      Issues discussed in the meetings, among others, are as follows:
                                  lain adalah sebagai berikut:
                                  a. Membahas isu-isu dan progres audit eksternal atas Laporan       a. Issues and progress of the external audit on the 2023
                                      Keuangan Konsolidasian tahun 2023.                                Consolidated Financial Statements.
                                  b. Membahas isu-isu dan mereview Laporan Keuangan                  b. Issues and review concerning the Company’s unaudited
                                      Konsolidasian Triwulanan Perseroan tahun 2024 yang tidak          2024 Quarterly Consolidated Financial Statements prior to
                                      diaudit sebelum disampaikan kepada pihak Otoritas.                submission to the Authority.
                                  c. Melakukan evaluasi kinerja auditor eksternal pada tahun audit   c. Assessment on the external auditor’s performance during the
                                      2023 dan merekomendasikan penunjukan Auditor Eksternal            2023 audit year and recommendation on the appointment of
                                      yang mengaudit Laporan Keuangan Konsolidasian Perseroan           the External Auditor to audit the Company’s 2024 Consolidated
                                      tahun 2024.                                                       Financial Statements.
                                  d. Membahas perencanaan audit eksternal atas Laporan               d. Audit planning of the external audit on the Company’s 2024
                                      Keuangan Konsolidasian Perseroan tahun 2024.                      consolidated Financial Statements.



                                                                                      Jakarta, 31 Desember 2024
                                                                                      Jakarta, 31 December 2024




                                              Kanaka Puradiredja                        Soenarso Soemodiwirjo                         Mohamad Hassan
                                              (Ketua | Chairman)                          (Anggota | Member)                         (Anggota | Member)
Bakrieland Laporan Tahunan 2024




180
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KOMITE NOMINASI DAN REMUNERASI                                   NOMINATION AND REMUNERATION
                                                                 COMMITTEE

Perseroan memiliki Komite Nominasi dan Remunerasi yang           The Company retains the Nomination and Remuneration
dibentuk berdasarkan Surat Keputusan Dewan Komisaris             Committee established based on the Decision of the Board
No.001/SK/Kom-BLD/07 tentang Pembentukan dan Pengangkatan        of Commissioners No. 001/SK/Kom-BLD/07 regarding the
Komite Nominasi dan Remunerasi. Komite Nominasi dan              Formation and Appointment of the Nomination and Remuneration
Remunerasi merupakan organ pendukung Dewan Komisaris yang        Committee. The Nomination and Remuneration Committee is a
bertugas membantu Dewan Komisaris dalam menjalankan fungsi       supporting organ tasked to assist the Board of Commissioners
pengawasan dan memberikan nasihat kepada manajemen terkait       in carrying out its supervisory function and provide advice to
pengelolaan dan pengembangan Sumber Daya Manusia (SDM)           the management related to the management and development
termasuk proses remunerasi dan nominasi Dewan Komisaris          of the Human Resources (HR) including the remuneration and
dan Direksi Perseroan.                                           nomination process of the Board of Commissioners and the
                                                                 Board of Directors of the Company.



KOMPOSISI DAN MASA JABATAN                                       COMPOSITION AND TERM OF OFFICE OF
KOMITE NOMINASI DAN REMUNERASI                                   THE NOMINATION AND REMUNERATION
                                                                 COMMITTEE

Keanggotaan Komite Nominasi dan Remunerasi Perseroan terdiri     Membership of the Nomination and Remuneration Committee
1 (satu) orang Ketua Komite merangkap anggota yang merupakan     consists of 1 (one) Committee Chairman concurrently serving as
Komisaris Independen sekaligus Anggota Komite Perseroan, 1       member Independent Commissioner altogether as the Company’s
(satu) anggota komite yang merupakan anggota Dewan Komisaris,    Committee Member, 1 (one) committee member as a member
dan 1 (satu) anggota lainnya yang berasal dari luar Perseroan.   of the Board of Commissioners, and 1 (one) other member from
                                                                 outside of the Company.

Masa jabatan anggota Komite Nominasi dan Remunerasi tidak        The term of office of members of the Nomination and
boleh lebih lama dari masa jabatan Dewan Komisaris dan dapat     Remuneration Committee may not be longer than the term of
dipilih kembali hanya untuk 1 (satu) periode berikutnya.         office of the Board of Commissioners and may be reappointed
                                                                 only for 1 (one) following period.

Per 31 Desember 2024, komposisi Komite Nominasi dan              As of 31 December 2024, the composition of the Nomination
Remunerasi Perseroan adalah sebagai berikut                      and Remuneration Committee of the Company is as follows:


                    Nama                           Jabatan                                 Periode Jabatan
 No
                    Name                           Position                                 Term of Office
  1    Kanaka Puradiredja               Ketua | Chairman               2 Januari 2017 – jika perlu perubahan
                                                                       2 January 2017 – if change is required
  2    Bambang Irawan Hendradi          Anggota | Member               2 Januari 2017 – jika perlu perubahan
                                                                       2 January 2017 – if change is required
  3    Handoko N. Soetrisno             Anggota | Member               2 Januari 2017 – jika perlu perubahan
                                                                       2 January 2017 – if change is required
                                                                                                                                  Bakrieland Annual Report 2024




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                                  PROFIL ANGGOTA KOMITE NOMINASI                                         PROFILE OF MEMBERS OF THE
                                  DAN REMUNERASI                                                         NOMINATION AND REMUNERATION
                                                                                                         COMMITTEE

                                  Kanaka Puradiredja – Ketua                                             Kanaka Puradiredja - Chairman
                                  Beliau diangkat sebagai Anggota Komite Nominasi dan                    He was appointed as Member of the Nomination and
                                  Remunerasi berdasarkan Surat Keputusan Dewan Komisaris                 Remuneration Committee based on Decision Letter of the
                                  PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/                   Board of Commissioners of PT Bakrieland Development Tbk
                                  SKDK/I/2017 tanggal 2 Januari 2017. Beliau memiliki rangkap            No. 001/KOM-PERSEROAN/SKDK/I/2017 dated 2 January 2017.
                                  jabatan sebagai Komisaris Independen serta Ketua Komite Audit          He concurrently serves as Independent Commissioner and
                                  Perseroan. Profil beliau disajikan pada bagian profil Dewan            as Chairman of the Audit Committee of the Company. His
                                  Komisaris dalam Laporan Tahunan ini.                                   profile is presented in the section on the profile of the Board of
                                                                                                         Commissioners in this Annual Report.

                                  Bambang Irawan Hendradi – Anggota                                      Bambang Irawan Hendradi – Member
                                  Beliau diangkat sebagai Anggota Komite Nominasi dan                    He was appointed as a Member of the Nomination and
                                  Remunerasi berdasarkan Surat Keputusan Dewan Komisaris                 Remuneration Committee based on the Decision Letter of the
                                  PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/                   Board of Commissioners of PT Bakrieland Deelopment Tbk
                                  SKDK/I/2017 tanggal 2 Januari 2017. Beliau memiliki rangkap            No. 001/KOM-PERSEROAN/SKDK/I/2017 dated 2 January 2017.
                                  jabatan sebagai Komisaris Utama Perseroan. Profil beliau telah         He concurrently serves as the President Commissioner of the
                                  tersajikan pada bab Profil Dewan Komisaris dalam Laporan               Company. His profile is presented in the section on the profile
                                  Tahunan ini.                                                           of the Board of Commissioners in this Annual Report.

                                  Handoko N. Soetrisno
                                   Anggota
                                   Warga Negara Indonesia, 53 tahun, domisili di Bekasi.
                                   Member
                                   Indonesian Nationality, age 53 years, domicile in Bekasi.
                                   Dasar Pengangkatan:         Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOMPERSEROAN/SKDK/I/2017
                                   Basis of Appointment        tanggal 2 Januari 2017.
                                                               Decision Letter of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/KOMPERSEROAN/
                                                               SKDK/I/2017 dated 2 January 2017.
                                   Riwayat Pendidikan:         Beliau menyelesaikan pendidikan Sarjana Jurusan Sosiologi, Fakultas Ilmu Sosial dan Ilmu Politik, Universitas
                                   Educational Background      Gadjah Mada,Yogyakarta (1993) dan pendidikan S2 dengan spesialisasi Manajemen, Universitas Gadjah
                                                               Mada, Yogyakarta (1995).
                                                               He completed his Bachelor’s degree (S1) in Sociology, Faculty of Social and Political Sciences, Universitas
                                                               Gadjah Mada, Jogyakarta (1993) and Master’s degree (S2) in Management, Universitas Gadjah Mada,
                                                               Jogyakarta (1995).
                                   Riwayat Karier:             Bergabung di PT Bakrieland Development Tbk Group sejak tahun 2011 dan saat ini menjabat sebagai Chief
                                   Professional Background     Corporate Human Capital Officer di PT Bakrieland Development Tbk (sejak 2017). Beliau pernah berkarir
                                                               sebagai Chief Human Resource Officer (CHRO) PT Graha Andrasentra Propertindo Tbk (2011-2022), Deputy
                                                               Division Head di PT Indomobil Sukses Internasional Tbk (2003-2010), HR Department Head di PT Lippo
                                                               Karawaci Tbk (2000-2003), Compensation & Personnel Admin Manager di PT Gillette Indonesia (1999-
                                                               2000), dan Remuneration & Benefits Manager di PT Delta Djakarta Tbk (1995-1999).
Bakrieland Laporan Tahunan 2024




                                                               He has been with PT Bakrieland Development Tbk Group since 2011 and is currently serving in the position
                                                               of Chief Corporate Human Capital Officer at PT Bakrieland Development Tbk (since 2017). He previously
                                                               served as Chief Human Resource Officer (CHRO) of PT Graha Andrasentra Propertindo Tbk (2011-2022),
                                                               Deputy Division Head at PT Indomobil Sukses Internasional Tbk (2003-2010), HR Department Head at
                                                               PT Lippo Karawaci Tbk (2000-2003), Compensation & Personnel Administration Manager at PT Gillette
                                                               Indonesia (1999-2000), and Remuneration & Benefits Manager at PT Delta Djakarta Tbk (1995-1999).

                                   Rangkap Jabatan:            Beliau tidak memiliki rangkap jabatan sebagai anggota Direksi, anggota Dewan Komisaris, dan/atau
                                   Concurrent Position         anggota komite lainnya.
                                                               Concurrently he has no other position as a member of the Board of Directors, member of the Board of
                                                               Commissioners, and/or member of other committees.




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INDEPENDENSI KOMITE NOMINASI DAN                                    INDEPENDENCY OF NOMINATION AND
REMUNERASI                                                          REMUNERATION COMMITTEE

Komite Nominasi dan Remunerasi senantiasa menjalankan tugas         The Nomination and Remuneration Committee always carries out
dan tanggung jawab secara profesional dan independen serta          its duties and responsibilities professionally and independently,
memegang teguh sikap integritas dengan tidak melakukan              and upholds an attitude of integrity by not carrying out any
kegiatan atau aktivitas apapun yang berpotensi menimbulkan          activities or actions with the potential to give rise to conflict of
konflik benturan kepentingan. Independensi Komite Nominasi          interest. The independency of the Nomination and Remuneration
dan Remunerasi ditunjukkan melalui keberadaan satu orang            Committee is shown through the presence of an Independent
Komisaris Independen dalam struktur organisasi komite yang          Commissioner within the committee’s organizational structure
bertindak sebagai Ketua, serta hadirnya dua anggota lainnya         serving as Chairman, and the presence of two other members
yang masing-masing merupakan Presiden Komisaris dan pihak           with one serving as the President Commissioner and another
eksternal yang independen.                                          as an independent external party.



TUGAS DAN TANGGUNG JAWAB KOMITE                                     DUTIES AND RESPONSIBILITIES OF THE
NOMINASI DAN REMUNERASI                                             NOMINATION AND REMUNERATION
                                                                    COMMITTEE

Tugas dan tanggung jawab Komite Nominasi dan Remunerasi             The duties and responsibilities of the Nomination and Remuneration
mencakup hal-hal sebagai berikut:                                   Committee cover the following:
1. Menyusun kriteria seleksi dan prosedur nominasi anggota          1. Set up the selection criteria and nomination procedures of
   Dewan Komisaris, Direksi dan para eksekutif, sampai dengan          members of the Board of Commissioners, the Board of Directors
   satu tingkat di bawah Direksi.                                      and executives, up to one level below the Board of Directors.
2. Membuat sistem penilaian dan memberikan rekomendasi              2. Establish an assessment system and provide recommendations
   tentang jumlah anggota Dewan Komisaris dan Direksi.                 on the number of members of the Board of Commissioners and
                                                                       the Board of Directors.
3. Terlibat dalam proses perekrutan (wawancara) dan memberikan      3. Take part in the recruiting process (interview) and provide
   rekomendasi atas calon anggota Dewan Komisaris, Direksi dan         recommendations on member candidates of the Board of
   para eksekutif sampai dengan satu tingkat di bawah Direksi          Commissioners, the Board of Directors and executives up to
   agar tercipta penempatan orang yang tepat pada posisi yang          one level below the Board of Directors so as to create the
   tepat.                                                              placement of the right person in the right position.
4. Memberikan rekomendasi tentang kebijakan besaran gaji,           4. Provide recommendations on salary, allowance and facility
   tunjangan dan fasilitas yang kompetitif dan mengacu pada            policies that are competitive and refer to market development,
   perkembangan pasar, untuk anggota Dewan Komisaris dan               for members of the Board of Comissioners and members of the
   anggota Direksi.                                                    Board of Directors.
5. Mengawasi proses pelaksanaan nominasi dan remunerasi agar        5. Supervise the implementation process of nomination and
   tidak menyimpang dari prosedur yang telah ditetapkan.               remuneration so as not to deviate from established procedures.
6. Mengadakan pertemuan rutin para anggota Komite minimal 4         6. Hold routine meetings of members of the Committee at least
   (empat) bulan sekali atau 3 (tiga) kali dalam setahun, masing-      once in every 4 (four) months or 3 (three) times in a year, with
   masing pertemuan dihadiri oleh minimal 2 (dua) anggota              each meeting attended by at least 2 (two) Committee members
   Komite yang salah satunya adalah Ketua Komite, dan membuat          of whom one of them is the Committee Chairman, and prepare
                                                                                                                                           Bakrieland Annual Report 2024




   berita acara pertemuan.                                             the meeting minutes.



PIAGAM KOMITE NOMINASI DAN                                          CHARTER OF THE NOMINATION AND
REMUNERASI                                                          REMUNERATION COMMITTEE

Komite Nominasi dan Remunerasi Perseroan telah memiliki             The Nomination and Remuneration Committee of the Company
piagam yang digunakan sebagai pedoman tata cara pelaksanaan         retains a charter that is used as guidelines for implementing
kegiatan operasional yang secara terus menerus disempurnakan        operational activities which are continuously refined and
dan diperbaharui sesuai dengan perkembangan peraturan               updated in accordance with developments in applicable laws
perundang-undangan yang berlaku serta kondisi terkini.              and regulations and current conditions. Refinement of the

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                                  Pembaharuan/penyempurnaan atas Piagam Komite Nominasi                    Company’s Nomination and Remuneration Committee Charter
                                  dan Remunerasi Perseroan terakhir dilakukan pada 5 Juni                  was last conducted on 5 June 2015. In general, the Charter of
                                  2015. Secara umum, Piagam Komite Nominasi dan Remunerasi                 the Nomination and Remuneration Committee of the Company
                                  Perseroan berisi tentang pengaturan tentang keanggotaan, tugas,          contains dispositions on membership, duties, meetings, as well
                                  rapat, serta pelaporan Komite.                                           as Committee reporting.



                                  RAPAT KOMITE NOMINASI DAN                                                MEETINGS OF THE NOMINATION AND
                                  REMUNERASI                                                               REMUNERATION COMMITTEE

                                  Kebijakan Rapat                                                          Meeting Policy
                                  Komite Nominasi dan Remunerasi mengadakan rapat secara berkala           The Nomination and Remuneration Committee holds periodic
                                  sekurang-kurangnya 1 (satu) kali dalam 4 (empat) bulan atau 3 (tiga)     meetings at least 1 (one) time in 4 (four) months or 3 (three) times
                                  kali selama setahun. Adapun metode pengambilan keputusan dalam           in a year. The method of decision-making in the meetings of the
                                  rapat Komite Nominasi dan Remunerasi dapat dilakukan apabila             Nomination and Remuneration Committee may be carried out
                                  sekurang-kurangnya dihadiri oleh lebih dari 1/2 (satu per dua) dari      if attended at minimum by more than ½ (one-half) of the total
                                  jumlah anggota termasuk seorang Komisaris Independen.                    number of members including an Independent Commissioner.



                                  JUMLAH RAPAT DAN FREKUENSI                                               NUMBER OF MEETING AND FREQUENCY
                                  KEHADIRAN                                                                OF ATTENDANCE

                                  Selama tahun 2024, Komite Nominasi dan Remunerasi telah                  During the year 2024, the Nomination and Remuneration
                                  menyelenggarakan 3 (tiga) kali rapat dengan uraian tingkat               Committee held 3 (three) meetings, with a description of the
                                  kehadiran masing-masing anggota adalah sebagai berikut:                  level of attendance of the members as follows:


                                               Nama                             Jabatan                  Jumlah Rapat       Jumlah Kehadiran          % Tingkat Kehadiran
                                               Name                             Position                 Total Meeting   Frequency of Attendance      % Rate of Attandence
                                   Kanaka Puradiredja                Ketua | Chairman                         3                      3                         100%
                                   Bambang Irawan Hendradi           Anggota | Member                         3                      3                         100%
                                   Handoko N. Soetrisno              Anggota | Memberr                        3                      3                         100%




                                  AGENDA RAPAT DAN KEHADIRAN                                               MEETING AGENDA AND ATTENDANCE
                                  KOMITE NOMINASI DAN REMUNERASI                                           OF THE NOMINATION AND
                                                                                                           REMUNERATION COMMITTEE

                                                                                                                                                             Kehadiran
                                             Tanggal                                            Agenda Rapat                                                 Attendance
                                   No
                                              Date                                             Meeting Agenda
                                                                                                                                                        KP      IHS     HNS
Bakrieland Laporan Tahunan 2024




                                    1.     27 Juni 2024     Membahas usulan dan rekomendasi kepada Dewan Komisaris mengenai perubahan                    ✓       ✓        ✓
                                                            susunan dan komposisi jabatan anggota Direksi yag baru.

                                          27 June 2024      Discussed proposals and recommendations to the Board of Commissioners regarding
                                                            changes to the composition and positions of the new members of the Board of
                                                            Directors.
                                    2.      3 Juli 2024     Membahas usulan dan rekomendasi kepada Dewan Komisaris mengenai perubahan                    ✓       ✓        ✓
                                                            besaran remunerasi yang dite rima masing-masing anggota Komisaris dan besaran
                                                            remunerasi yang diterima masing- masing Direksi yang baru.

                                            3 July 2024     Discuss proposals and recommendations to the Board of Commissioners regarding
                                                            the amount of remuneration received by each new member of the Board of Directors.



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                                                                                                                        Kehadiran
           Tanggal                                          Agenda Rapat                                                Attendance
 No
            Date                                           Meeting Agenda
                                                                                                                   KP      IHS   HNS
  3.     30 Juli 2024    Membahas usulan dan rekomendasi tentang besaran kompensasi/penghargaan atas                ✓       ✓        ✓
                         masa kerja bagi Dewan Direksi yang berakhir masa jabatannya

        30 July 2024     Discuss proposals and recommendations regarding the amount of compensation/
                         rewards for the length of service for the Board of Directors whose term of office ends.
                                                                            Total Kehadiran/Total Attendance        3       3        3
                                           Persentase Kehadiran Rapat/Percentage of Meeting Attendance             100%   100%   100%

Keterangan | Note:
KP    : Kanaka Puradiredja
IHS : Bambang Irawan Hendradi
HNS : Handoko N. Soetrisno



PELATIHAN KOMITE NOMINASI DAN                                         TRAININ OF THE NOMINATION AND
REMUNERASI                                                            REMUNERATION COMMITTEE

Komite Nominasi dan Remunerasi mengikuti program pelatihan            The Nomination and Remuneration Committee join training and
dan pengembangan kompetensi dengan inisiatif pribadi di luar          competency development programs on personal initiatie outside
lingkungan Perseroan.                                                 of the Company.



PELAKSANAAN KEGIATAN KOMITE                                           IMPLEMENTATION OF ACTIVITIES OF
NOMINASI DAN REMUNERASI TAHUN                                         THE NOMINATION AND REMUNERATION
2024                                                                  COMMITTEE IN 2024

Sepanjang tahun 2024, Komite Nominasi dan Remunerasi telah            During the year 2024, the Nomination and Remuneration
melaksanakan tugas dan tanggung jawab dengan cakupan                  Committee conducted its duties and responsibilities, which
sebagai berikut:                                                      cover the following:
1. Membahas usulan tentang kebijakan dan pedoman yang                 1. Discussed suggestions on the policy and guidelines to
   mengatur tentang penetapan kompensasi/penghargaan                     regulate the process of determining compensation/token
   atas masa kerja bagi Dewan Komisaris dan Direksi pada                 of appreciation for the length of service of members of the
   saat masa jabatannya berakhir.                                        Board of Commissioners and the Board of Directors when
                                                                         their term of office ends.
2. Membahas tentang kebijakan dan pedoman pemberian                   2. Discussed policies and guidelines on providing remuneration
   remunerasi bagi Dewan Komisaris dan Direksi yang berhenti             for members of the Board of Commissioners and the Board
   dan/atau diberhentikan dari jabatannya sebelum adanya                 of Directors who resign from their position before a definitive
   keputusan definitive melalui mekanisme Rapat Umum                     decision through the General Meeting of Shareholders
   Pemegang Saham.                                                       mechanism.
                                                                                                                                           Bakrieland Annual Report 2024




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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  LAPORAN KOMITE NOMINASI DAN                                      REPORT OF THE NOMINATION AND
                                  REMUNERASI                                                       REMUNERATION COMMITTEE

                                  Kepada Yth.                                                      To
                                  Dewan Komisaris                                                  The Board of Commissioners
                                  PT Bakrieland Development Tbk                                    PT Bakrieland Deelopment Tbk
                                  Wisma Bakrie 1, Lantai 6,                                        Wisma Bakrie 1, 6th Floor
                                  Jalan HR. Rasuna Said Kav. B-1,                                  Jalan HR Rasuna Said Kav. B-1
                                  Jakarta 12920                                                    Jakarta 12920

                                  Laporan Tahunan Pelaksanaan Kegiatan Komite Nominasi             Annual Report on the Implementation of the Nomination and
                                  dan Remunerasi untuk Tahun yang Berakhir pada Tanggal 31         Remuneration Committee’s Activities for the Year Which Ended
                                  Desember 2024.                                                   on 31 December 2024.

                                  Laporan kepada Dewan Komisaris ini disusun dengan                Report to the Board of Commissioners is prepared with
                                  mempertimbangkan ketentuan Komite Nasional Kebijakan             consideration on the provisions of the Governance Policy National
                                  Governansi (KNKG) pada Pedoman Umum Good Corporate               Committee (KNKG) on the Indonesia’s General Guidelines for Good
                                  Governance (“GCG”) Indonesia dan Peraturan Otoritas Jasa         Corporate Governance (“GCG”) and Financial Services Authority
                                  Keuangan (POJK) No.34/POJK.04/2014 tentang Komite Nominasi       Regulations (POJK) No. 34/POJK.04/2014 regarding the Nomination
                                  dan Remunerasi Emiten atau Perusahaan Publik.                    and Remuneration Committee of Issuers or Public Companies.

                                  Adapun susunan keanggotaan Komite berdasarkan Surat              The membership composition of the Committee based
                                  Keputusan Dewan Komisaris No. 001/KOM-PERSEROAN/                 on Decision Letter of the Board of Commissioner
                                  SKDK/I/2017 tertanggal 2 Januari 2017 tentang Susunan            No. 001/KOM-PERSEROAN/SKDK/I/2017 date on 2 January 2017
                                  Keanggotaan Komite Nominasi dan Remunerasi, yaitu menjadi        regarding the Membership Composition of the Nomination and
                                  sebagai berikut:                                                 Remuneration Committee, is as follows:
                                  1. Kanaka Puradiredja        : Ketua/Komisaris 		                1. Kanaka Puradiredja        : Chairman/Independent 		
                                     		Independen                                                      		Commissioner
                                  2. Bambang Irawan Hendradi : Anggota                             2. Bambang Irawan Hendradi : Member
                                  3. Handoko N. Soetrisno      : Anggota/Chief Corporate           3. Handoko N. Soetrisno      : Member/Chief Corporate
                                     		 Human Capital Officer                                          		 Human Capital Officer

                                  Selama tahun 2024, Komite Nominasi dan Remunerasi telah          During the year 2024, the Nomination and Remuneration
                                  menyelenggarakan rapat sebanyak 3 (tiga) kali dengan kehadiran   Committee held 3 (three) meetings with 100% attendance for
                                  100% seluruh anggotanya.                                         all of the members.

                                  Adapun pokok bahasan dalam rapat-rapat tersebut diantaranya      Main subjects of discussion in the meetings include the following:
                                  adalah:
                                  1. Membahas usulan tentang kebijakan dan pedoman yang            1. Recommendation on policies and guidelines that regulate the
                                     mengatur tentang penetapan kompensasi/penghargaan                process of determining compensation/token of appreciation
                                     atas masa kerja bagi Dewan Komisaris dan Direksi pada            for the length of service of the Board of Commissioners and
                                     saat masa jabatannya berakhir.                                   the Board of Directors when the term of office ends.
Bakrieland Laporan Tahunan 2024




                                  2. Membahas tentang kebijakan dan pedoman pemberian              2. Policies and guidelines on providing remuneration for
                                     remunerasi bagi Dewan Komisaris dan Direksi yang berhenti        members of the Board of Commissioners and the Board of
                                     dan/atau diberhentikan dari jabatannya sebelum adanya            Directors who resign prior to definitive Decision through the
                                     Keputusan definitive melalui mekanismen Rapat Umum               General Meeting of Shareholders mechanism.
                                     Pemegang Saham.




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Selain itu, pada tahun 2024, total kompensasi remunerasi yang       Additionally in 2024, the total compensation of remuneration paid
dibayarkan kepada seluruh anggota Dewan Komisaris dan Direksi       for all members of the Board of Commissioners and the Board of
sebesar Rp5.799.218.000,- (lima milyar tujuh ratus sembilan puluh   Directors totalled Rp5,799,218,000,- (five billion seven hundred
sembilan juta dua ratus delapan belas ribu rupiah).                 ninety nine million two hundred eighteen thousand rupiah).



                                                    Jakarta, 31 Desember 2024
                                                    Jakarta, 31 December 2024




            Kanaka Puradiredja                      Bambang Irawan Hendradi                       Handoko N. Soetrisno
            (Ketua | Chairman)                        (Anggota | Member)                           (Anggota | Member)




                                                                                                                                        Bakrieland Annual Report 2024




                                                                                                                                        187
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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  KOMITE DI BAWAH DIREKSI                                              COMMITTEES UNDER THE BOARD OF
                                                                                                       DIRECTORS

                                  Hingga akhir tahun 2024, Perseroan tidak memiliki komite lain        Until the end of the year 2024, the Company retains no committee
                                  yang berada di bawah Direksi.                                        under the Board of Directors.



                                  SEKRETARIS PERUSAHAAN                                                CORPORATE SECRETARY

                                  Sebagai perusahaan publik, Perseroan memiliki organ Sekretaris       As a public company, the Company retains the organ of
                                  Perusahaan yang pembentukannya mengacu pada ketentuan                Corporate Secretary, established with reference to the provisions
                                  POJK No. 35/POJK.04/2014 tentang Sekretaris Perusahaan Emiten        of POJK No. 35/POJK.04/2014 regarding the Corporate
                                  atau Perusahaan Publik. Perseroan telah menunjuk Sekretaris          Secretary of Issuers or Public Companies. The Company
                                  Perusahaan melalui Surat Keputusan Direksi PT Bakrieland             appointed the Corporate Secretary through the Decision of
                                  Development Tbk No. 001/DIR-PERSEROAN/SKD/I/2022 tanggal             the Board of Directors of PT Bakrieland Development Tbk
                                  3 Januari 2022.                                                      No. 001/DIR-PERSEROAN/SKD/I/2022 dated 3 January 2022.



                                  PROFIL SEKRETARIS PERUSAHAAN                                         PROFILE OF THE CORPORATE
                                                                                                       SECRETARY
                                  Harsya Novwan
                                   Warga Negara Indonesia, 46 tahun, domisili di Jakarta.
                                   Indonesian Nationality, age 46 years, domicile in Jakarta.
                                   Dasar Pengangkatan:         Surat Keputusan Direksi PT Bakrieland Development Tbk No. 001/DIR-PERSEROAN/SKD/I/2022 tanggal
                                   Basis of Appointment:       3 Januari 2022
                                                               Decision Letter of the Board of Directors of PT Bakrieland Tbk. No. 001/DIR-PERSEROAN/SKD/I/2022
                                                               dated 3 January 2022
                                   Riwayat Pendidikan:         Beliau menyelesaikan pendidikan Sarjana Hukum di Fakultas Hukum Universitas Trisakti dan memperoleh
                                   Education Background:       gelar Magister Hukum Ekonomi dari Fakultas Hukum Universitas Indonesia. Beliau juga mengikuti
                                                               Summers School yang diselenggarakan atas kerja sama antara German Academic Exchange Service,
                                                               Bayreuth University dan Universitas Parahyangan dengan Jurusan Hukum Ekonomi, dengan fokus pada
                                                               Hukum Persaingan, Hukum Perusahaan, Kontrak Komersial Internasional, dan Hukum Perdagangan
                                                               Internasional, dan juga mengikuti beberapa kursus pelatihan profesional hukum di bidang Pasar Modal,
                                                               Hukum Kepailitan dan Persaingan Usaha.
                                                               He completed his bachelor’s degree at the Faculty of Law of Universitas Trisakti and received Master’s
                                                               degree in Economic Law from the Faculty of Law of Universitas Indonesia. He also joined Summers School
                                                               programs held in collaboration between the German Academic Exchange Service, Bayreuth University
                                                               and Universitas Parahyangan in Economic Law with the focus on Competition Law, Corporate Law,
                                                               International Commercial Contract, International Trade Law, and he also joined several professional legal
                                                               training courses in the field of Capital Market, Bankruptcy and Business Competition Law.
                                   Riwayat Karier:             Beliau memiliki pengalaman praktik hukum yang luas, termasuk selama lebih dari 15 tahun sebagai
                                   Professional Background     Pengacara Korporat dan Pengacara Litigasi Komersial. Sebelum bergabung dengan PT Bakrieland
                                                               Development Tbk sebagai Kepala Divisi Hukum, Beliau pernah bekerja di PT Bakrie Toll Road sebagai
                                                               Kepala Divisi Hukum, Pengacara di Kantor Hukum Syam & Syam, Lontoh and Partner dan Lawrence T.P.
                                                               Siburian & Associates. Beliau adalah Advokat Terdaftar pada PERADI.
Bakrieland Laporan Tahunan 2024




                                                               He has extensive legal practice experience, including more than 15 years as a Corporate Lawyer and
                                                               Commercial Litigation Lawyer. Prior to joining PT Bakrieland Development Tbk as Head of the Legal
                                                               Division, he served as Head of the Legal Division at PT Bakrie Toll Road, Lawyer at Syam & Syam Law Firm,
                                                               Lontoh and Partner and Lawrence T.P. Siburian & Associates. He is a Registered Advocate with PERADI.




188
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PELATIHAN SEKRETARIS PERUSAHAAN                                      TRAINING OF THE CORPORATE
                                                                     SECRETARY

Sekretaris Perusahaan berpartisipasi dalam berbagai pelatihan        The Corporate Secretary participates in various training programs
yang diselenggarakan oleh berbagai pihak seperti BEI dan OJK.        organized by such various parties as BEI and OJK. Following is
Berikut adalah pelatihan yang diikuti oleh Sekretaris Perusahaan     list of the training programs which the Corporate Secretary took
selama tahun 2024:                                                   part during the year 2024:


            Tanggal                 Penyelenggara                             Topik Pelatihan                     Tempat-Format
 No
             Date                     Organizer                               Topic of Training                    Place-Format
 1     31-Jan-24           Indonesia Corporate Secretary Innovate, Invest, Inspire: Strategic Planning for           Webinar
                           Association (ICSA)            Listed Companies in 2024’s Stock Market
 2     1-Feb-24            ICSA                                 Media Handling: Maintaining        Company           Webinar
                                                                Reputation and Public Trust
 3     7-Mar-24            ICSA                                 Pendalaman POJK Nomor 14/POJK.04/2022                Webinar
                                                                tentang Penyampaian Laporan Keuangan
                                                                Berkala Emiten atau Perusahaan Publik

                                                                In-depth Review of POJK No. 14/POJK.04/2022
                                                                on Delivery of Periodic Financial Report of
                                                                Issuers or Public Companies
 4     14-Mar-24           Bursa Efek Indonesia (BEI)           Setting Your Sail on the Indonesia Carbon            Webinar
                           Indonesia Stock Exchange (BEI)       Trading Ecosystem
 5     4-Apr-24            ICSA                                 Pelaksanaan CSR berbasis ISO 26000                   Webinar
                                                                ISO 26000-based CSR Implementation
 6     26-Apr-24           BEI                                  Sosialisasi Peraturan Nomor I-I tentang              Webinar
                                                                Pemecahan Saham dan Penggabungan
                                                                Saham oleh Perusahaan Tercatat yang
                                                                Menerbitkan Efek Bersifat Ekuitas

                                                                Socialization of Regulation No. I-I on Stock
                                                                Splits and Share Mergers by Listed Companies
                                                                Issuing Equity Securities
 7     20-May-24           Otoritas Jasa Keuangan (OJK)         ACMF-ISSB Virtual Technical Training on IFRS         Webinar
                           Financial Services Authority (OJK)   Sustainability Disclosures Standards
 8     11-Jun-24           ICSA                                 Sosialisasi Standardisasi Profesi Sekretaris         Webinar
                                                                Perusahaan dan Kode Etik Sekretaris
                                                                Perusahaan

                                                                Socialization of Standardization of Corporate
                                                                Secretary Profession and Corporate Secretary
                                                                Code of Ethics/Conduct
 9     14-Jun-24           OJK                                  Sosialisasi POJK No. 30/2023 dan POJK                Webinar
                                                                No.6/2024

                                                                Socialization of POJK No. 30/2023 and POJK
                                                                                                                                         Bakrieland Annual Report 2024




                                                                No.6/2024
 10    19-Jun-24           ICSA                                 Annual Report Awards: Setting the Standard           Webinar
                                                                for Corporate Disclosure
 11    23-Jul-24           ICSA                                 Pendalaman Peraturan Nomor I-A tentang               Webinar
                                                                Pencatatan Saham dan Efek Bersifat
                                                                Ekuitas Selain Saham yang Diterbitkan oleh
                                                                Perusahaan Tercatat .

                                                                Indepth Study of Regulation No. I-A
                                                                concerning the Listing of Shares and Equity
                                                                Securities Other Than Shares Issued by Listed
                                                                Companies

                                                                                                                                         189
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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                             Tanggal                 Penyelenggara                        Topik Pelatihan                     Tempat-Format
                                   No
                                              Date                     Organizer                          Topic of Training                    Place-Format
                                   12   23-Jul-24          BEI-IAI                         Penguatan Kualitas Pelaporan Keuangan                 Seminar
                                                                                           Perusahaan     Tercatat dalam  Rangka
                                                                                           Mendukung Pertumbuhan Perekonomian dan
                                                                                           Pasar Modal Indonesia

                                                                                           Strengthening the Quality of Financial
                                                                                           Reporting of Listed Companies in Order
                                                                                           to Support the Growth of the Indonesian
                                                                                           Economy and Capital Market
                                   13   19-Sep-24          ICSA                            Pendalaman POJK No. 3/POJK.04/2021                    Webinar
                                                                                           tentang Penyelenggaraan Kegiatan di Bidang
                                                                                           Pasar Modal

                                                                                           In-depth review of POJK No. 3/POJK.04/2021
                                                                                           on the Implementation of Activities in the Field
                                                                                           of Capital Market Sector
                                   14   24-Sep-24          ICSA                            Strategic Finance for Corporate Sustainability:       Webinar
                                                                                           The Role of Corporate Secretary as BOD
                                                                                           Business Partner to Boost Sustainability
                                                                                           Awareness
                                   15   26-Sep-24          BEI                             Peran Pelaku Usaha dan Aspek Hukum dalam              Webinar
                                                                                           Pengembangan Proyek Karbon di Indonesia

                                                                                           The Role of Business Players and the Legal
                                                                                           Aspects in Carbon Project Development in
                                                                                           Indonesia
                                   16   10-Oct-24          ICSA                            Peran dan Layanan Jasa KPEI pada Industri             Webinar
                                                                                           Pasar Modal Indonesia

                                                                                           The Role and Services of KPEI in Indonesia’s
                                                                                           Capital Market Industry
                                   17   15-Oct-24          ICSA                            Corporate Secretary dalam Era Digital:                Webinar
                                                                                           Tantangan Perlindungan Data Investor

                                                                                           Corporate Secretary in the Digital Era:
                                                                                           Challenge on Investor Data Protection
                                   18   17-Oct-24          ICSA                            Mastering Greenhouse Gas             Emissions:       Webinar
                                                                                           Strategies and Best Practices
                                   19   22-Oct-24          ICSA                            Mastering Arbitration: Case Management, Cost          Webinar
                                                                                           & Time Efficiency, and Effective Enforcement
                                   20   29-Oct-24          ICSA                            Penyelenggaraan Rapat Umum Pemegang                   Webinar
                                                                                           Saham secara Elektronik (E-RUPS) melalui
                                                                                           eASY.KSEI

                                                                                           Implementation of Electronic General Meeting
                                                                                           of Shareholders (E-GMS) through eASY.KSEI
Bakrieland Laporan Tahunan 2024




190
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             Tanggal               Penyelenggara                          Topik Pelatihan                    Tempat-Format
 No
              Date                   Organizer                            Topic of Training                   Place-Format
 21      26-Nov-24         ICSA                             Mengenal Sistem CORES.KSEI dan e-BAE                 Webinar
                                                            Next Generation: Inovasi Terbaru untuk
                                                            Transformasi Digital di Perusahaan

                                                            Understanding the CORES.KSEI System and
                                                            e-BAE Next Generation: New Innovations for
                                                            Digital Transformation in Companies
 22      28-Nov-24         ICSA                             Climate Change: Drivers, Pathways, Risks, and        Webinar
                                                            Opportunities
 23      29-Nov-24         ICSA                             Pendalaman POJK No. 15/POJK.04/2022                  Webinar
                                                            tentang   Pemecahan   Saham     dan
                                                            Penggabungan Saham oleh Perusahaan
                                                            Terbuka

                                                            In-depth review on POJK No. 15/POJK.04/2022
                                                            on Stock Splits and Mergers by Public
                                                            Companies




PELAKSANAAN TUGAS SEKRETARIS                                     IMPLEMENTATION OF DUTIES OF THE
PERUSAHAAN                                                       CORPORATE SECRETARY

Pelaksanaan tugas Sekretaris Perusahaan selama tahun 2024,       Implementation of duties of the Corporate Secretary during the
di antaranya sebagai berikut:                                    year 2024, among others, include the following:
1. Melakukan pelaporan informasi dan fakta material melalui      1. Reported on material information and facts through letters
    surat kepada OJK dan electronic reporting kepada BEI;           to OJK and electronic reporting to BEI;
2. Memastikan Perseroan sudah mematuhi peraturan pasar           2. Ensured the Company complies with regulations of the
    modal, termasuk perkembangan peraturan baru. Perseroan          capital market, including development of new regulations.
    menerbitkan 1 (satu) Laporan Keuangan Tahunan Teraudit          The Company issued 1 (one) Audited Annual Financial Report
    2023, 3 (tiga) Laporan Keuangan Triwulan 2024 dan 1 (satu)      of 2023, 3 (three) Quarterly Financial Reports of 2024 and
    Laporan Tahunan (Annual Report) 2023;                           1 (one) Annual Report of 2023;
3. Melakukan korespondensi dengan regulator Pasar Modal          3. Maintained 50 (fifty) correspondence with the regulator of
    selama 2024 sebanyak 50 (lima puluh) kali;                      the Capital Market during the year 2024;
4. Menyampaikan keterbukaan informasi terkait Perseroan          4. Submited disclosure of information related to the Company
    melalui berbagai media dan saluran komunikasi termasuk:         through various media and communication channels including
                                                                    the following:
      a. RUPS yaitu RUPS Tahunan tanggal 30 Mei 2024, dan 13        a. GMS, namely Annual GMS dated 30 May 2024, and 13
         Juni 2024.                                                     June 2024.
      b. Paparan publik terkait kinerja Perseroan pada tanggal      b. Public Exposure related to the Company’s performance
         28 Maret 2024.                                                 on 28 March 2024.
      c. Pengkinian situs website secara berkala.                   c. Periodic update of the website.
                                                                                                                                    Bakrieland Annual Report 2024




RENCANA PROGRAM SEKRETARIS                                       PROGRAM PLAN OF THE CORPORATE
PERUSAHAAN TAHUN 2025                                            SECRETARY FOR 2025

Kedepan, Sekretaris Perusahaan berkomitmen untuk lebih           Going forward, the Corporate Secretary is committed to be more
konsisten mengikuti pelatihan/sosialisasi/workshop di bidang     consistent in joining training/socialization/workshop programs
Pasar Modal untuk dapat mengupdate peraturan-peraturan baru      in the Capital Market field to update new regulations in Capital
di bidang Pasar Modal.                                           Market sector.




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                                  KETERBUKAAN INFORMASI                                               DISCLOSURE OF INFORMATION

                                  Divisi Corporate Secretary dan Corporate Investor Relation          The Corporate Secretary and Corporate Investor Relations
                                  berkomitmen untuk menerapkan kebijakan yang transparan              Divisions are committed to applying the policy of transparency
                                  terkait komunikasi perusahaan sebagaimana terangkum dalam           in connection with the company’s communication as summarized
                                  Pedoman Pengungkapan Informasi PT Bakrieland Development            in the Information Disclosure Guidelines of PT Bakrieland
                                  Tbk yang ditetapkan melalui Surat Keputusan Direksi No. 124/        Development Tbk stipulated in Decision Letter of the Board of
                                  SK/DIR-BLD/VII/08 dan Kebijakan Komunikasi dengan Para              Directors No. 124/SK/DIR-BLD/VII/08 and the Communication
                                  Pemegang Saham Perseroan yang ditetapkan dengan Surat               Policy with the Company’s Shareholders stipulated in Decision
                                  Keputusan Direksi No. 125/SK/DIR-BLD/VII/08. Hal ini dilakukan      Letter of the Board of Directors No. 125/SK/DIR-BLD/VII/08. This
                                  sebagai bagian dari wujud kepatuhan Perseroan terhadap              was done as part of the Company’s compliance to provisions
                                  ketentuan POJK No. 31/POJK.04/2015 tentang Keterbukaan atas         in POJK No. 31/POJK.04/2015 regarding Disclosure of Material
                                  Informasi atau Fakta Material oleh Emiten atau Perusahaan Publik.   Information or Facts by Issuers or Public Companies.

                                  Mengacu pada kebijakan tersebut, Perseroan secara transparan        Referring to the above policies, the Company transparently
                                  mengungkapkan hal-hal yang telah disyaratkan oleh peraturan         discloses matters required by applicable laws and regulations
                                  perundang-undangan berlaku serta hal-hal yang material dalam        as well as matters that are material in decision-making by all
                                  pengambilan keputusan oleh seluruh pemangku kepentingan.            stakeholders.



                                  AKSES INFORMASI PUBLIK                                              ACCESS TO PUBLIC INFORMATION

                                  Seluruh aktivitas publikasi Perseroan dapat diakses melalui situs   All of the Company’s publication activities are accessible through
                                  website www.bakrieland.com yang memuat beragam informasi            the website www.bakrieland.com that contains various recent
                                  terkini seperti kemajuan proyek, aksi korporasi, dan informasi      information such as on project progress, corporate action, and
                                  penting lainnya. Secara keseluruhan, isi situs website Perseroan    other important information. Overall, the content of the Company
                                  telah mengikuti ketentuan POJK No.8/POJK.04/2015 tentang            website complies with POJK No.8/POJK.04/2015 regarding
                                  Situs Website Emiten atau Perusahaan Publik.                        Website of Issuers or Public Companies.

                                  Corporate Secretary Perseroan juga melakukan pelaporan              The Company’s Corporate Secretary also conduct reporting
                                  informasi dan fakta material melalui surat kepada OJK dan           of material information and facts through letters to OJK and
                                  electronic reporting kepada BEI. Penyampaian informasi kepada       electronic reporting to BEI. Delivery of information to BEI is
                                  BEI dapat diakses melalui situs website https://www.idx.co.id/      accessible through the website https://www.idx.co.id/id/by
                                  id/dengan memasukkan ticker code Perseroan, yaitu: “ELTY”.          entering the Company’s ticker code, namely “ELTY”.

                                  Sementara itu untuk mendapatkan informasi lebih lanjut mengenai     Meanwhile, to obtain further information on the Company,
                                  Perseroan, para pemangku kepentingan juga dapat menghubungi         stakeholders may also contact the Corporate Secretary of
                                  Sekretaris Perusahaan Bakrieland di:                                Bakrieland with the following access:
                                  Tel. : (62-21) 5257835                                              Tel. : (62-21) 5257835
                                  Fax. : (62-21) 5225063                                              Fax. : (62-21) 5225063
                                  E-mail : corporate.info@bakrieland.com                              E-mail : corporate.info@bakrieland.com
Bakrieland Laporan Tahunan 2024




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HUBUNGAN INVESTOR                                                      INVESTOR RELATIONS

Sebagai perusahaan publik, Perseroan berkewajiban untuk                As a public company, the Company is obligated to implementing
menerapkan prinsip keterbukaan dan transparansi informasi              the principle of openness and transparency of information on
atas setiap aktivitas dan pencapaian kinerja Perseroan maupun          every activity and performance achievement of the Company and
Entitas Anak. Selain itu untuk menjaga keberlangsungan usaha           the Subsidiaries. In addition, to maintain business continuity in
dalam jangka panjang, Perseroan juga selalu berusaha menjalin          the long-term, the Company also continuously strives to establish
hubungan yang harmonis dengan para pemangku kepentingan.               harmonious relationship with stakeholders. To ensure this,
Untuk memastikan hal tersebut, Perseroan membentuk Divisi              the Company establishes the Investor Relations Division fully
Hubungan Investor yang bertanggung jawab penuh dalam                   responsible for integrating financial, communication, marketing,
memadukan aspek keuangan, komunikasi, pemasaran, dan                   and compliance aspects of the Capital Market regulations to
kepatuhan atas peraturan Pasar Modal untuk menciptakan                 create effective communication between the Company, the
komunikasi yang efektif antara Perseroan, masyarakat keuangan,         financial community, and other parties. The implementation of
dan pihak lainnya. Pelaksanaan aktivitas Hubungan Investor yang        proactive and effective Investor Relations activities is believed
proaktif dan efektif diyakini akan berpengaruh secara positif          to have a positive impact on the Company’s overall values.
terhadap nilai-nilai Perseroan secara keseluruhan.

Pada tahun 2024, Divisi Hubungan Investor telah melakukan              In 2024, the Investor Relations Division maintained
korespondensi dengan para analis, investor dan media pasar modal       correspondence with analysts, investors and capital market
dengan melakukan komunikasi yang baik dan respon yang cepat.           media by keeping good and quick response communication.



UNIT AUDIT INTERNAL                                                    INTERNAL AUDIT UNIT

Untuk mewujudkan terciptanya lingkungan pengendalian internal          To manifest a solid internal control environment, the Company
yang kokoh, Perseroan telah menerapkan sistem pengendalian             has implemented an internal control system integrated with
internal yang terintegrasi dengan sistem manajemen risiko              the company’s risk management system. Implementation of
perusahaan. Implementasi pengendalian internal yang                    an overall internal control is highly necessary to support the
menyeluruh sangat diperlukan untuk mendukung pencapaian                achievement of Company’s performance goals, improve value
tujuan kinerja Perseroan, meningkatkan nilai bagi pemangku             for the stakeholders and ensure operational effectiveness and
kepentingan dan menjamin efektivitas dan efisiensi operasional,        efficiency, reliability of financial reporting, adequacy of operational
kehandalan pelaporan keuangan, kelayakan pengendalian                  and financial controls, and compliance with applicable laws and
operasional maupun finansial, serta kepatuhan terhadap hukum           regulations.
dan peraturan yang berlaku.

Dalam sistem pengendalian internal Perseroan, Komite Audit             In the Company’s internal control system, the Audit Committee
bertugas membantu Dewan Komisaris untuk memenuhi tanggung              is tasked to assist the Board of Commissioners to meet its
jawab pengawasannya, yang meliputi penelaahan atas laporan             supervisory responsibilities, which include reviewing the audited
tahunan auditan dan laporan keuangan kuartalan hingga tahunan,         annual reports and quarterly to annual financial statements,
penelahaan terhadap proses pelaporan keuangan dan sistem               reviewing the financial reporting process and internal control
pengendalian internal, serta pengawasan atas proses audit.             systems, and supervising the audit process. Meanwhile, the
Sementara Direksi bertanggung jawab untuk membangun dan                Board of Directors is responsible for developing and maintaining
memelihara sistem pengendalian internal yang efektif dan efisien.      effective and efficient internal control system.
                                                                                                                                                 Bakrieland Annual Report 2024




Pada pelaksanaannya, fungsi pengendalian internal di Perseroan         In its implementation, the function of the Company’s internal
dijalankan oleh organ Unit Audit Internal bernama Divisi Corporate     control is carried out by the Internal Audit Unit, namely
Internal Audit (CIA). Unit kerja ini bekerja secara independen dalam   the Corporate Internal Audit (CIA) Division. This work unit
menjalankan fungsi audit internal guna memperkuat implementasi         independently carries out internal audit function in order to
tata kelola perusahaan, terutama dalam mewujudkan aspek                strengthen the implementation of corporate governance,
tanggung jawab serta akuntabilitas. Pembentukan Divisi Corporate       especially in manifesting the aspect of responsibility and
Internal Audit (CIA) Perseroan mengacu kepada POJK No. 56/             accountability. The formation of the Corporate Internal Audit
POJK/2015 (“POJK 56/2015”) tanggal 23 Desember 2015.                   (CIA) Division of the Company refers to POJK No. 56/POJK/2015
                                                                       (“POJK 56/2015”) dated 23 December 2015.

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                                  PROFIL KEPALA DIVISI CIA                                                PROFILE OF HEAD OF CIA DIVISION

                                  Deri Meidian Ramdhani
                                   Warga Negara Indonesia, 37 tahun, domisili di Bekasi, Jawa Barat.
                                   Indonesian Nationality, age 37 years, domicile in Bekasi, West Java.
                                   Dasar Pengangkatan:         Surat Keputusan Direksi tanggal 02 Mei 2023 No 005/DIR-PERSEROAN/SKD/V/2023
                                   Basis of Appointment:       Decision Letter of the Board of Directors dated 2 May 2023 No. 005/DIR-PERSEROAN/SKD/V/2023
                                   Riwayat Pendidikan:         Beliau menyelesaikan pendidikan Sarjana di ITB, Bandung (2010) dan meraih gelar Pascasarjana Magister
                                   Educational Background      Administrasi Bisnis di ITB, Bandung (2020)
                                                               He compleetd his Bachelor’s degree (Sarjana) from Institut Teknologi Bandung (ITB), Bandung (2011) and
                                                               obtained Master’s degree in Business Administration from ITB, Bandung (2020)
                                   Riwayat Karier:             Beliau berkarier sejak 2011 di sejumlah perusahaan (properti, manufaktur, distribusi, telekomunikasi,
                                   Professional Background     dll) sebagai Risk Management dan Internal Auditor. Sejak bulan Mei 2023, beliau berkarir di Perseroan
                                                               sebagai Internal Audit Division Head Perseroan.
                                                               He started his career in 2011 in a number of companies (property, manufacture, distribution,
                                                               telecommunication, and others) in Risk Management and as an Internal Auditor. Since May 2023, he has
                                                               joined the Company as the Internal Audit Division Head.



                                  PIHAK YANG MENGANGKAT DAN                                               THE PARTY IN CHARGE OF THE
                                  MEMBERHENTIKAN KEPALA DIVISI CIA                                        APPOINTMENT AND DISMISSAL OF CIA
                                                                                                          DIVISION HEAD

                                  Divisi CIA dipimpin oleh seorang Kepala Divisi yang diangkat dan        The CIA Division is led by a Division Head, appointed and
                                  diberhentikan oleh Presiden Direktur dan CEO atas persetujuan           dismissed by the President Director and CEO upon approval
                                  Dewan Komisaris. Kepala Divisi bertanggung jawab langsung               from the Board of Commissioners. Head of the Division reports
                                  kepada Presiden Direktur & CEO.                                         directly to the President Director & CEO.



                                  STRUKTUR ORGANISASI DAN                                                 ORGANIZATIONAL STRUCTURE AND
                                  KEDUDUKAN DIVISI CIA                                                    POSITION OF THE CIA DIVISION

                                  Secara struktural, Kepala Divisi CIA bertanggung jawab langsung         Structurally, the Head of the CIA Division reports directly to the
                                  kepada Direktur Utama dan mempunyai hubungan fungsional                 President Director and retains a functional relationship with the
                                  dengan Komite Audit.                                                    Audit Committee.



                                  TUGAS DAN TANGGUNG JAWAB DIVISI                                         DUTIES AND RESPONSIBILITIES OF THE
                                  CIA                                                                     CIA DIVISION

                                  Lingkup utama kegiatan audit internal yang dijalankan Divisi            The main scope of activities of internal audit carried out by CIA
                                  CIA di antaranya mencakup pelaksanaan kegiatan asurans                  Division includes the implementation of assurance activities as
                                  dan konsultasi yang independen dan objektif yang didesain               well as independent and objective consultation designed to
Bakrieland Laporan Tahunan 2024




                                  untuk memberikan nilai tambah dan meningkatkan operasional              provide added value and improve the organization’s operations
                                  organisasi melalui pendekatan yang sistematis. Hal ini dilakukan        through a systematic approach. This is applied by means
                                  dengan cara mengevaluasi dan meningkatkan efektivitas                   of evaluation and improvement in the effectiveness of risk
                                  manajemen risiko, pengendalian dan tata kelola perusahaan.              management, control, and corporate governance.

                                  Berdasarkan Piagam Audit Internal, tugas dan tanggung jawab             Based on the Internal Audit Charter, the duties and responsibilities
                                  Divisi CIA adalah sebagai berikut:                                      of the CIA Division are as follows:
                                  a. Menyusun dan melaksanakan rencana audit internal tahunan.            a. Prepare and implement annual internal audit plans.
                                  b. Menguji dan mengevaluasi kesesuaian pelaksanaan                      b. Conduct tests and evaluations on the conformity of the
                                      manajemen risiko, pengendalian dan tata kelola dengan                   implementation of risk management, control and governance
                                      kebijakan Perseroan.                                                    with the Company’s policies.

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c. Melakukan pemeriksaan dan penilaian atas efisiensi dan               c. Conduct inspection and assessment of the efficiency and
   efektivitas di bidang keuangan, akuntansi, operasional, SDM,            effectiveness in such areas as finance, accounting, operation,
   pemasaran, TI, dan kegiatan lainnya.                                    HR, marketing, IT and other activities.
d. Memberikan saran perbaikan dan informasi yang objektif               d. Provide recommendations for improvement and objective
   tentang kegiatan yang diperiksa pada tingkat manajemen.                 information on activities inspected at the management level.
e. Membuat laporan hasil audit dan menyampaikannya kepada               e. Prepare a report on audit results and submit it to the President
   Presiden Direktur & CEO dan Dewan Komisaris melalui Komite              Director & CEO and the Board of Commissioners through
   Audit.                                                                  the Audit Committee.
f. Memantau, menganalisis, dan melaporkan pelaksanaan tindak            f. Monitor, analyze, and report on follow-up implementation
   lanjut perbaikan yang telah disarankan.                                 of improvement as recommended.
g. Bekerja sama dengan Komite Audit.                                    g. Work together with the Audit Committee.
h. Menyusun program untuk mengevaluasi mutu kegiatan audit              h. Prepare the program to evaluate the quality of internal audit
   internal yang dilakukan.                                                activities conducted.
i. Mengevaluasi ketaatan Perseroan terhadap hukum dan                   i. Evaluate the Company’s compliance with applicable laws
   peraturan perundangan yang berlaku, serta kebijakan dan                 and regulations, as well as the Company’s policies and
   prosedur Perseroan.                                                     procedures.
j. Melaksanakan penugasan khusus yang relevan dengan                    j. Conduct relevant special assignment with audit scope of
   ruang lingkup pekerjaan audit.                                          work.



RAPAT DIVISI CIA                                                        MEETINGS OF CIA DIVISION

Sepanjang tahun 2024, Divisi CIA telah melaksanakan rapat               Throughout the year 2024, CIA Division carried out coordinating
koordinasi bersama Direksi sebanyak 4 (empat) kali dan Komite           meetings 4 (four) times with the Board of Directors and 7 (seven)
Audit sebanyak 7 (tujuh) kali. Selain itu, Divisi CIA juga mengadakan   times with the Audit Committee. In addition, the CIA Division
rapat dengan unit kerja counterpart untuk mendiskusikan hal-hal         also held meetings with counterpart work units to discuss
terkait perilisan laporan keuangan kuartalan, evaluasi kinerja          matters related to the release of quarterly financial reports,
Kantor Akuntan Publik (KAP), rekomendasi manajemen atas                 evaluation on the performance of the Public Accounting Firm
hasil audit laporan keuangan, dan lini masa agenda tahunan              (KAP), management recommendations on financial report audit
audit eksternal.                                                        results, and timeline on the annual external audit agenda.



PIAGAM AUDIT INTERNAL                                                   CHARTER OF THE INTERNAL AUDIT

Dalam menjalankan tugas dan tanggung jawabnya, seluruh                  In carrying out its duties and responsibilities, all of the Company’s
auditor internal Perseroan wajib menerapkan nilai-nilai dan kode        internal auditors are required to apply the values and code of
etik profesi serta menjaga independensi dengan berpedoman               ethics of the profession as well as to maintain independence
pada Piagam Audit Internal yang telah dibentuk sejak 2008               by referring to the Internal Audit Charter, established in
berdasarkan Surat Keputusan SK-Dir No. 209/SK/DIR-BLD/XII/08.           2008 based on Decision Letter of the Board of Directors
Secara garis besar, Piagam Audit Internal mengatur mengenai             No.209/SK/DIR-BLD/XII/08. In general, the Internal Audit
struktur dan kedudukan, tugas dan tanggung jawab, ruang lingkup         Charter regulates the structure and position, the duties and
pekerjaan, wewenang, kode etik, serta pertanggungjawaban                responsibilities, the scope of work, authority, and code of ethics,
Divisi CIA.                                                             as well as the accountability of the CIA Division.
                                                                                                                                                Bakrieland Annual Report 2024




Sosialisasi Piagam Audit Internal dilakukan di berbagai                 Socialization of the Internal Audit Charter is carried out on
kesempatan rapat lintas fungsi kerja serta juga dengan                  various occasions as well as by doing reminder activities in
melakukan reminder activity dalam bentuk monitoring action              the form of monitoring actions and documents, evaluation
and document, evaluasi kinerja rekanan, pengelolaan aktivitas           of partners’ performance, managing business activities in
bisnis dalam koridor Kesehatan, Keselamatan Kerja, dan                  the Occupational Health and Safety and the Environment
Lingkungan (K3L). Informasi lengkap mengenai uraian Piagam              (OHSE) corridor. Complete information on the Internal Audit
Audit Internal dapat diakses pada situs website Perseroan, yaitu:       Charter is accessible on the Company website, namely
https://bakrieland.com/en_gcg/internalauditcharter                      https://bakrieland.com/en_gcg/internalauditcharter.


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                                  PELATIHAN UNIT AUDIT INTERNAL                                       TRAINING OF THE INTERNAL AUDIT UNIT
                                  TAHUN 2024                                                          IN 2024

                                  Perseroan mendorong partisipasi aktif Divisi CIA untuk mengikuti    The Company encourages the active participation of the CIA
                                  berbagai jenis pelatihan secara berkesinambungan baik sertifikasi   Division to take part in various types of training on a continuous
                                  profesi maupun pelatihan non-sertifikasi untuk menunjang            basis, both on professional certification as well as non-certification
                                  pengembangan manajerial maupun kompetensi audit secara              training, to directly support managerial development and audit
                                  langsung. Berikut ini adalah daftar pelatihan atau seminar maupun   competency. Following is a list of training programs or seminars
                                  workshop yang telah diikuti Divisi CIA selama 2024:                 and workshops joined by the CIA Division during the year 2024:


                                                  Tanggal                   Penyelenggara                      Topik Pelatihan                        Tempat/Format
                                   No
                                                   Date                       Organizer                        Topic of Training                       Place/Format
                                   1     01-05 Juli 2024             CRMS & ERMA                 Enterprise Risk Management            Certified           Online
                                         01-05 July 2024                                         Professional (ERMCP)
                                   2     11 Mei 2024                 YPIA                        “Global Internal Audit Standards with Local              Bandung
                                         11 May 2024                                             Perspectives: A Deep Dive into Internal Audit
                                                                                                 Practices”
                                   3     22 Mei 2024                 Revolution Mind Indonesia Business Continuity Management                              Online
                                         22 May 2024



                                  LAPORAN PELAKSANAAN KEGIATAN                                        REPORT ON THE IMPLEMENTATION OF
                                  TAHUN 2024                                                          ACTIVITIES IN 2024

                                  Divisi CIA senantiasa mendukung aktivitas Komite Audit dalam        The CIA Division continuously supports the activities of the
                                  melaksanakan tugas dan tanggung jawab pengawasan.                   Audit Committee in performing its supervisory duties and
                                  Disamping itu, Divisi CIA juga menyampaikan informasi secara        responsibilities. In addition, the CIA Division also routinely
                                  rutin kepada Direksi terkait perkembangan aktivitas penyusunan      provides information to the Board of Directors on the progress
                                  laporan keuangan konsolidasian serta aktivitas audit.               of activities related to the preparation of the consolidated financial
                                                                                                      statements and audit.

                                  Berikut adalah gambaran aktivitas yang telah dilakukan Divisi       Following is a summary of activities carried out by the CIA Division
                                  CIA sepanjang tahun 2024:                                           during the year 2024:
                                  1. Melanjutkan koordinasi dengan Komite Audit dan mengikuti         1. Continued coordination with the Audit Committee and
                                      rapat Komite Audit bersama auditor eksternal sehubungan             joined meetings of the Audit Committee together with
                                      dengan komunikasi pekerjaan audit atas laporan keuangan             external auditor related to communication on the audit of
                                      konsolidasian Perseroan dan Entitas Anak;                           the consolidated financial statements of the Company and
                                                                                                          its Subsidiaries;
                                  2. Berkoordinasi dengan Komite Audit dalam melaksanakan             2. Coordinated with the Audit Committee in implementing the
                                     proses pemilihan Kantor Akuntan Publik (KAP) dan                     Public Accounting Firm (KAP) selection process and improving
                                     menyempurnakan kebijakan serta prosedur terkait dengan               policies and procedures related to KAP selection;
                                     pemilihan KAP;
Bakrieland Laporan Tahunan 2024




                                  3. Mengkaji kebijakan-kebijakan terkait operasional Perseroan       3. Reviewed policies related to Company’s operations to
                                     untuk meningkatkan sistem pengendalian internal;                    improve the internal control system;
                                  4. Mendokumentasikan pertemuan Komite Audit dengan                  4. Documented The Audit Committee’s meetings with the
                                     Manajemen maupun bersama dengan auditor eksternal;                  Management and together with the external auditor;
                                  5. Bersama dengan Komite Audit menyusun laporan kinerja             5. Jointly with the Audit Committee prepared the report on
                                     KAP untuk disampaikan kepada regulator; dan                         KAP’s performance to be submitted to the regulator; and
                                  6. Bersama dengan Komite Audit menyusun laporan kerja               6. Together with the Audit Committee prepared the Audit
                                     tahunan Komite Audit serta agenda Komite Audit untuk                Committee’s annual work report and agenda for the following
                                     tahun berikutnya.                                                   year.




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RENCANA PENGEMBANGAN CIA TAHUN                                     CIA DEVELOPMENT PLANS FOR THE
2025                                                               YEAR 2025

Pada tahun 2025 mendatang, CIA telah menyiapkan serangkaian        In the upcoming year of 2025, the CIA prepared a series of work
program kerja audit internal yang berfokus untuk melanjutkan       programs for internal audit that focus on continuing activities as
aktivitas sesuai dengan yang tercantum dalam Piagam Audit          mentioned in the Internal Audit Charter by keeping optimization
Internal dengan tetap mengoptimalkan peran Komite Audit dalam      of the role of the Audit Committee in the supervisory function
fungsi pengawasan terkait dengan kajian atas penyelesaian          related to reviews on the completion of the financial reports
laporan keuangan dan pengendalian internal.                        and internal control.



SISTEM PENGENDALIAN INTERNAL                                       INTERNAL CONTROL SYSTEM

Untuk memastikan terselenggaranya pengendalian internal yang       To ensure effective implementation of the internal control,
efektif, Perseroan telah merancang dan menerapkan kebijakan        the Company designed and applied the policy on the internal
mengenai sistem pengendalian internal sebagaimana disahkan         control system as ratified in the Decision Letter of the Board of
dalam Surat Keputusan Direksi No. 001/SK/DIR-BLD/I/2011 tentang    Directors No. 001/SK/DIR-BLD/I/2011 regarding the Ratification
Pengesahan Pedoman Sistem Pengendalian Intern.                     of the Internal Control System Guidelines.

Perseroan menerapkan sistem pengendalian internal sebagai          The company applies the internal control system as a process
suatu proses yang melekat pada setiap tindakan dan kegiatan        inherent in every act and activity carried out continuously by
yang dilakukan secara terus menerus dengan melibatkan seluruh      involving all of the organizational functions, starting from the
fungsi organisasi mulai dari tingkatan tertinggi hingga terendah   highest to the lowest levels, in order to provide adequate
untuk memberikan keyakinan memadai atas tercapainya tujuan         assurance of achieving the Company’s objectives through the
Perseroan melalui pelaksanaan kegiatan yang efektif dan efisien,   implementation of effective and efficient activities, including the
antara lain sebagai berikut:                                       following:

1. Efektivitas dan efisiensi pencapaian tujuan penyelenggaraan     1. Effectiveness and efficiency in achieving the objectives of
   program dan kegiatan yang dilaksanakan;                            implementing the executed programs and activities;
2. Keandalan pelaporan keuangan dan kinerja;                       2. Reliability of financial and performance reporting;
3. Pengamanan aset perusahaan; dan                                 3. Security of company assets; and
4. Ketaatan terhadap peraturan perundangan-undangan yang           4. Compliance with prevailing laws and regulations.
   berlaku.

Secara umum, kerangka pengendalian internal yang dijalankan        In general, the internal control framework implemented by the
Perseroan bertujuan untuk mendukung pencapaian tujuan              Company aims at supporting efforts to achieve Company’s
Perseroan, meningkatkan nilai bagi pemangku kepentingan            objectives, increase values for the stakeholders and assure
dan menjamin efektivitas dan efisiensi operasional, keandalan      operational effectiveness and efficiency, reliability of financial
pelaporan keuangan, kelayakan pengendalian operasional             reporting, feasibility of operational and financial control, and
maupun finansial, serta memastikan kepatuhan terhadap hukum        ensure compliance with prevailing laws and regulations.
dan peraturan yang berlaku.

Perseroan mengimplementasikan sistem pengendalian internal         The Company implements an internal control system on all
                                                                                                                                         Bakrieland Annual Report 2024




pada seluruh aspek operasional dan keuangan. Selain juga terus     operational and financial aspects. In addition to continue
berupaya untuk merealisasikan komitmen atas ketepatan waktu        striving to realize the commitment to timeliness of completing
penyelesaian audit laporan keuangan tahun ini lebih baik dari      the financial report audit better this year than the previous year,
tahun sebelumnya, dengan mengoptimalkan peran digitalisasi         by optimizing the role of digitalization in routine meetings of
dalam pertemuan rutin seluruh pihak yang berkepentingan. Upaya     all interested parties. Such efforts become an integral part of
ini menjadi bagian integral untuk mendukung penerapan GCG          consistently supporting GCG implementation in every aspect of
dalam setiap aspek kegiatan bisnis Perseroan secara konsisten.     the Company’s business activities.




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                                  PENGENDALIAN KEUANGAN DAN                                          FINANCIAL AND OPERATIONAL
                                  OPERASIONAL SERTA KEPATUHAN                                        CONTROL AND COMPLIANCE WITH THE
                                  TERHADAP PERATURAN PERUNDANG-                                      LAWS AND REGULATIONS
                                  UNDANGAN

                                  Penerapan Sistem Pengendalian Internal pada lingkup Perseroan      The implementation of the Internal Control System within the
                                  mencakup 2 (dua) aspek, yaitu pengendalian keuangan dan            Company comprises 2 (two) aspects, namely financial control and
                                  pengendalian operasional. Implementasi pengendalian di bidang      operational control. Implementation of control in accounting and
                                  akuntansi dan keuangan diwujudkan dengan merancang sistem          finance is realized by designing an integrated financial system
                                  keuangan yang terintegrasi menggunakan software keuangan           utilizing a specific accredited financial software to minimize the
                                  khusus yang terakreditasi untuk meminimalisir terjadinya human     occurrence of human error so that bookkeeping records are
                                  error sehingga pencatatan pembukuan menjadi lebih akurat dan       more accurate and in real time. In addition, the Company has
                                  real time. Selain itu, Perseroan juga telah menerapkan kebijakan   also implemented the policies and procedures for financial data
                                  dan prosedur pemeriksaan data keuangan secara berjenjang           audits in stages conducted by each functionary with different
                                  yang dilakukan oleh masing-masing petugas dengan kewenangan        authorities. This serves the purpose to preventing misuse of
                                  berbeda. Hal ini dimaksudkan untuk mencegah terjadinya tindak      authority that may end up with financial fraud.
                                  penyalahgunaan wewenang yang berujung pada fraud keuangan.

                                  Dalam hal pelaporan keuangan, Perseroan juga selalu update         With respect to financial reporting, the Company is also
                                  dengan standar kebijakan akuntansi terbaru khususnya               continually updated with the latest accounting policy standards,
                                  yang berlaku bagi sektor properti agar dapat dihasilkan            specifically those that are applicable in the property sector, so
                                  pelaporan keuangan yang andal. Perseroan juga memastikan           as to generate reliable financial reporting. The Company also
                                  terselenggaranya aktivitas operasional yang efektif dengan         ensures the implementation of effective operational activities by
                                  mengevaluasi laporan kinerja operasional dari masing-masing        evaluating operational performance reports from each work unit.
                                  unit kerja. Dengan begitu, Direksi dapat mengetahui ada atau       This way, the Board of Directors is able to know whether or not
                                  tidaknya indikasi terjadinya kelemahan pengendalian, kesalahan     there are indications of control weaknesses, financial reporting
                                  laporan keuangan, atau penyimpangan lainnya. Dengan begitu,        errors, or other irregularities. Thus, the Board of Directors and
                                  Direksi dan jajaran manajemen dapat segera mengambil langkah-      management can immediately take necessary risk mitigation
                                  langkah mitigasi risiko yang diperlukan agar proses pencapaian     steps so that the process of achieving the Company’s targets
                                  target dan tujuan Perseroan tidak terganggu.                       and objectives is not disrupted.

                                  Dalam rangka menjaga kualitas kepatuhan, Perseroan                 In the context of maintaining the quality of compliance, the
                                  memastikan seluruh karyawan senantiasa menunjung tinggi            Company ensures that all employees always uphold GCG best
                                  praktik terbaik GCG dalam melaksanakan tugas dan tanggung          practices in carrying out their duties and responsibilities so as
                                  jawabnya agar senantiasa berjalan efisien serta selaras            to always progress efficiently and in line with applicable laws
                                  terhadap peraturan perundang-undangan yang berlaku baik di         and regulations in both the property industry and capital market
                                  industri properti maupun regulasi pasar modal. Sementara itu       sectors. Meanwhile, to avoid any loopholes that may result in
                                  untuk menghindari adanya celah yang dapat mengakibatkan            non-compliance with existing regulations, the Company plays
                                  ketidakpatuhan terhadap regulasi yang ada, Perseroan berperan      an active role as a member of several industry associations
                                  aktif sebagai anggota di beberapa asosiasi industri yang relevan   relevant to the business activities carried out and attends a
                                  dengan kegiatan usaha yang dijalankan dan menghadiri sejumlah      number of invitations to socialize regulations and laws organized
                                  undangan sosialiasi peraturan dan perundang-undangan yang          by the regulator.
Bakrieland Laporan Tahunan 2024




                                  diselenggarakan oleh pihak regulator.

                                  Dengan diterapkannya sistem pengendalian internal yang             By applying a comprehensive internal control on all business
                                  menyeluruh pada seluruh lini bisnis dan tingkatan organisasi,      lines and organizational levels, therefore all Company assets are
                                  maka seluruh aset Perseroan terjaga dengan baik dari               well maintained from attempts of misuse, and financial reports
                                  berbagai usaha penyalahgunaan dan laporan keuangan yang            published to the public are also presented accurately, quickly,
                                  dipublikasikan kepada publik pun tersaji secara akurat, cepat,     and reliably.
                                  dan dapat diandalkan.




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TINJAUAN EFEKTIVITAS SISTEM                                          REVIEW OF THE EFFECTIVENESS OF THE
PENGENDALIAN INTERNAL                                                INTERNAL CONTROL SYSTEM

Pelaksanaan evaluasi oleh unit terpisah atau independen selain       Implementation of evaluation by a separate or independent unit,
dilakukan oleh unit kerja internal Perseroan yang ditunjuk dan       besides being carried out by the Company’s internal work unit
ditetapkan oleh Direksi juga dapat dilakukan KAP.                    assigned and determined by the Board of Directors, may also
                                                                     be conducted by the KAP.

Selama tahun 2024, evaluasi atas kecukupan dan efektivitas           During the year 2024, evaluation on the adequacy and
sistem pengendalian internal Perseroan dinilai sudah cukup           effectiveness of the Company’s internal control system was
memadai. Hal ini dapat dilihat dari aktivitas pemantauan dan         assessed to be quite adequate. This was visible from such
pencegahan risiko yang muncul sebagai akibat dari aktivitas          activities as monitoring and prevention of risks that arose as a
bisnis Perseroan oleh unit-unit kerja terkait, manajemen risiko,     result of the Company’s business activities performed by related
dan Divisi CIA. Selain itu, Divisi CIA juga tidak menemukan adanya   work units, risk management, and the CIA Division. Aside from
pelanggaran atau penyimpangan yang mengarah pada tindakan            that, the CIA Division also did not find any violations or deviations
kecurangan baik dalam hal pengelolaan keuangan maupun                that led to fraudulent actions either in terms of the Company’s
operasional Perseroan.                                               financial or operational management.



PERNYATAAN DIREKSI DAN/ATAU                                          STATEMENT OF THE BOARD OF
DEWAN KOMISARIS ATAS KECUKUPAN                                       DIRECTORS AND/OR THE BOARD OF
SISTEM PENGENDALIAN INTERNAL                                         COMMISSIONERS ON THE ADEQUACY
                                                                     OF THE INTERNAL CONTROL SYSTEM

Direksi berpendapat bahwa secara keseluruhan Perseroan sudah         The Board of Directors is of the opinion that, overall, the Company
memiliki lingkungan pengendalian yang kokoh sebagai landasan         has a solid control environment as the basis for implementing an
untuk menjalankan sistem pengendalian internal yang efektif.         effective internal control system. All elements of the Company
Seluruh elemen Perseroan telah menunjukkan komitmen dan              have shown high commitment and awareness to always apply
kesadaran tinggi untuk selalu menerapkan sistem pengendalian         the internal control system relevant to their respective duties
internal yang relevan dengan tugas dan tanggung jawab masing-        and responsibilities.
masing.

Direksi melakukan penilaian yang menyeluruh selama 2024,             The Board of Directors evaluated with comprehensiveness during
Direksi, Dewan Komisaris, dan Komite Audit menyatakan bahwa          the year 2024, the Board of Directors, the Board of Commissioners,
sistem pengendalian internal Perseroan telah berjalan efektif,       and the Audit Committee stated that the Company’s internal control
memadai, dan mampu mengendalikan keuangan dan operasional            system was running effectively, adequately, and was capable of
Perseroan untuk mendukung tercapainya tujuan bisnis tanpa            controlling the Company’s finances and operations in support of
mengorbankan kinerja keuangan, kepatuhan dan/atau reputasi.          the achievement of business objectives without compromising
Disamping itu, Perseroan juga telah menyediakan tools untuk          financial performance, compliance, and/or reputation. Additionally,
mengantisipasi dan mengelola risiko dengan mempertimbangkan          the Company also provided the tools to anticipate and manage
perubahan strategi bisnis, faktor eksternal dan ketentuan            risks with consideration of business strategy change, external
regulator.                                                           factors, and regulatory provisions.
                                                                                                                                             Bakrieland Annual Report 2024




SISTEM MANAJEMEN RISIKO                                              RISK MANAGEMENT SYSTEM

Gambaran Umum Penerapan Sistem Manajemen                             Overview Of The Risk Management System
Risiko                                                               Implementation
Dalam menjalankan kegiatan usaha utama sebagai pengembang            In carrying out the main business activities as a property and area
properti dan kawasan, Perseroan menyadari bahwa beberapa             developer, the Company realizes that several types of risks are
jenis risiko tidak terhindarkan dan melekat pada kegiatan            inevitable and inherent in daily operational activities. To minimize
operasional sehari-hari. Untuk meminimalkan dampak dari              the impact from business operations, including the scope of
operasional usaha, termasuk lingkup bisnis, sosial, dan              business, social, and environmental, the Company always

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                                  lingkungan hidup, Perseroan senantiasa melakukan riset dan            performs research and studies on risks that arise from business
                                  telaah atas risiko-risiko yang muncul dari pengelolaan bisnis serta   management as well as applies effective risk management policy.
                                  menerapkan kebijakan manajemen risiko yang efektif.

                                  Seluruh aktivitas pengelolaan risiko Perseroan hingga level           All risk management activities of the Company and Subsidiaries
                                  Anak Perusahaan dikelola oleh fungsi kerja Corporate Risk             are managed by the Corporate Risk Management and Compliance
                                  Management and Compliance (RMC) yang secara berkala                   (RMC) work function that periodically coordinates with the
                                  melakukan koordinasi dengan Unit-Unit Usaha, termasuk                 Business Units, including with discussions on the effectiveness
                                  membahas efektivitas manajemen risiko dan kepatuhan di                of risk management and compliance within the Company. Aside
                                  lingkungan Perseroan. Selain menjadi fasilitator dan penasehat        from being the facilitator and advisor in such coordination, RMC
                                  dalam melakukan koordinasi, RMC juga melakukan berbagai               also makes efforts to minimize business risks while at the same
                                  upaya dalam rangka meminimalkan risiko usaha sekaligus                time monitoring GCG implementation as well as taking the role
                                  memantau implementasi GCG serta berperan sebagai penyusun,            of compiler, policy reviewer, and manager of the Company’s
                                  reviewer kebijakan, dan pengelola Quality Management System           Quality Management System.
                                  (Sistem Manajemen Mutu) Perseroan.

                                  Dalam kerangka penerapan sistem manajemen risiko, RMC                 In the framework of implementing the risk management system,
                                  berperan sebagai second line of defense, yang bertanggung             RMC takes the role as the second line of defense, responsible
                                  jawab untuk mengembangkan dan memantau penerapan                      for comprehensively and sustainably developing and monitoring
                                  sistem manajemen risiko Perseroan secara menyeluruh dan               the implementation of the Company’s risk management system,
                                  berkesinambungan, melakukan pengawasan terhadap fungsi                conduct supervision on the main business function carried out
                                  bisnis utama yang dilaksanakan dalam koridor kebijakan sistem         within the corridor of the risk management system policy, both
                                  manajemen risiko baik dalam bentuk kebijakan ataupun prosedur         in the form of policy or operational procedures, as well as
                                  operasional, serta memantau, mengevaluasi, dan melaporkan             monitoring, evaluating and reporting the overall company risks
                                  risiko-risiko perusahaan secara menyeluruh kepada organ               to the highest organ of the Company.
                                  tertinggi Perseroan.
Bakrieland Laporan Tahunan 2024




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Untuk menunjang keandalan pengelolaan manajemen risiko baik         To support the reliability of the risk management system at both
di tingkat Perseroan hingga Entitas Anak, pada tahun 2024,          the Company’s and Subsidiary’s levels, in 2024, RMC reviewed
RMC telah meninjau sejumlah kebijakan internal agar tetap           a number of internal policies so as to remain aligned with the
selaras dengan praktik bisnis yang berjalan dan best practice       ongoing business practices universally applicable. In addition,
yang berlaku universal. Selain itu, RMC juga telah mengelola        RMC also managed the Company’s risks optimally by way of
risiko-risiko Perseroan secara optimal dengan cara menyusun         compiling and improving internal control within the Company
serta menyempurnakan pengendalian internal di lingkungan            and Business Units, particularly in the area of completing the
Perseroan dan Unit Usaha, khususnya di area penyelesaian            consolidated financial reports.
laporan keuangan konsolidasian.



JENIS RISIKO DAN PENGELOLAANNYA                                     TYPES AND MANAGEMENT OF RISKS

Setelah melakukan tahapan manajemen risiko yang komprehensif        After having carried out a comprehensive risk management stage
dengan melibatkan berbagai fungsi dan unit-unit usaha sebagai       involving various functions and business units as risk owners,
risk owner, pada tahun 2024, RMC telah melakukan identifikasi       in 2024, RMC conducted identification of business activities
terhadap kegiatan usaha yang memiliki risiko ESG yang relatif       with relatively high ESG risks or other operational risks believed
tinggi ataupun risiko operasional lain yang dinilai berdampak       may impact the Company’s business continuity; among others,
pada keberlanjutan bisnis Perseroan, antara lain sebagai berikut:   these are as follows:

Risiko Keuangan
Financial Risk
       Jenis Risiko                                  Deskripsi                                         Langkah Mitigasi
       Type of Risk                                 Description                                           Mitigation
 Risiko Mata Uang           Risiko ini berpotensi memberikan dampak kerugian pada          Perseroan memberlakukan kebijakan
                            saat terjadinya apresiasi atau depresiasi mata uang asing      hedging, yaitu lindung nilai untuk pinjaman
                            yang disebabkan oleh adanya posisi transaksi yang masih        dalam mata uang nonrupiah. Dalam
                            terbuka. Kinerja keuangan Perseroan dapat dipengaruhi          kegiatan operasional, Perseroan juga
                            oleh perubahan kurs, mengingat beberapa komponen dalam         mengutamakan penggunaan material
                            konstruksi bangunan diimpor dari luar negeri.                  bangunan produksi dalam negeri.

 Currency Risk              This type of risk potentially brings about results in losses   The Company enforces the hedging policy,
                            when there is appreciation or depreciation of foreign          namely to hedge the value for loans in non-
                            currency caused by the presence of open transaction            rupiah currency. In operational activities,
                            positions. The Company’s financial performance may be          the Company also prioritizes the use of
                            affected by changes in exchange rates, considering the         building materials produced locally.
                            several components in building construction are imported.
 Risiko Suku Bunga          Risiko ini berpotensi timbul akibat fluktuasi tingkat suku     Perseroan    memberlakukan   metode
                            bunga pinjaman yang dilakukan oleh kreditur. Risiko ini        pembayaran bertahap dengan jangka
                            akan sangat berdampak pada besarnya pembiayaan yang            waktu yang lebih panjang ataupun
                            diperlukan oleh unit usaha, karena biaya yang dikeluarkan      pinjaman dengan bunga tetap.
                            akan meningkat, sehingga mempengaruhi kegiatan
                            operasional dan kinerja keuangan Perseroan.

 Interest Risk              This type of risk has the potential to cause fluctuation in the The Company enforces the installment
                            interest rates of loans conducted by creditors. This risk will payment method with a longer term or loan
                                                                                                                                         Bakrieland Annual Report 2024




                            highly impact the amount of financing required by business with fixed interest.
                            units, as costs incurred will increase, thus affecting the
                            Company’s operational activities and financial performance.




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                                         Jenis Risiko                                Deskripsi                                           Langkah Mitigasi
                                         Type of Risk                               Description                                             Mitigation
                                   Risiko Kredit           Risiko kredit yang merupakan risiko kerugian sehubungan          Perseroan    bersikap     selektif  dalam
                                                           dengan pihak peminjam tidak dapat dan/atau tidak mau             memberikan      kredit   dengan     sistem
                                                           memenuhi kewajiban untuk membayar kembali dana yang              penjualan    tunai     bertahap    kepada
                                                           dipinjamnya secara penuh pada saat jatuh tempo.                  konsumen. Hal itu dimulai dari strategi
                                                                                                                            penetapan uang muka, pemilihan segmen
                                                                                                                            pasar hingga pemenuhan persyaratan-
                                                                                                                            persyaratannya.

                                   Credit Risk             Credit risk is the risk of loss in connection with the borrower’s The Company becomes selective in
                                                           inability and/or unwillingness to fulfill the obligation to repay providing credit with a cash sales system in
                                                           the borrowed funds when due.                                      stages to consumers. This begins with the
                                                                                                                             strategy on setting downpayment, select
                                                                                                                             the market segment up to the fulfilment of
                                                                                                                             the requirements.



                                  Risiko Pasar
                                  Market Risk
                                         Jenis Risiko                                Deskripsi                                           Langkah Mitigasi
                                         Type of Risk                               Description                                             Mitigation
                                   Risiko Pasar            Pangsa pasar yang cukup besar dan tumbuh secara signifikan       Perseroan        senantiasa      berupaya
                                                           menjadi daya tarik bagi banyak pihak untuk terlibat ke dalam     mengeluarkan produk yang inovatif
                                                           industri yang sama dengan Unit Usaha. Situasi ini berpotensi     sehingga dapat memenuhi kebutuhan
                                                           meningkatkan persaingan usaha dan menciptakan kelebihan          pasar dan memfokuskan pengembangan
                                                           pasokan di pasar yang dapat menurunkan penjualan produk          pada proyek-proyek yang telah memiliki
                                                           dan berkurangnya permintaan terhadap produk Perseroan.           kinerja yang telah terukur selama ini.

                                   Market Risk             A quite sizable market share with significant growth is          The Company always strives to generate
                                                           enticing to many that they become interested in getting          innovative products that meet the needs
                                                           involved in the same industry as the Business Units. This        of the market and focus development on
                                                           situation can potentially increase business competition and      projects with performance that have been
                                                           create over supply in the market that may reduce product         measurable to date.
                                                           sales and decrease demand for the Company’s products.
                                   Risiko Kinerja Unit     Sebagai Induk Perusahaan, penghasilan dan laba operasi           Perseroan      secara   aktif    melakukan
                                   Usaha                   Perseroan merupakan kontribusi dari kinerja unit usaha.          pemantauan terhadap Unit Usaha, seperti
                                                           Faktor-faktor yang dapat berdampak negatif terhadap              memberlakukan peraturan seleksi ketat
                                                           kinerja keuangan Unit Usaha berpotensi menurunkan tingkat        terhadap seluruh kontraktor dan pemasok,
                                                           penghasilan Perseroan.                                           menerapkan sistem usaha yang baik
                                                                                                                            untuk mengurangi risiko bisnis, sekaligus
                                                                                                                            memperbaharui informasi dan memperkuat
                                                                                                                            akuntabilitas untuk pengambilan keputusan
                                                                                                                            bisnis di lingkungan Unit Usaha.

                                   Business Unit           As a Parent Company, operating income and profit of the          The Company actively monitors the
                                   Performance Risk        Company are contributions from the business units. Factors       Business Units, such as by enforcing strict
                                                           that may bring about negative impact on Business Units’          selection on contractors and suppliers,
                                                           financial performance may potentially reduce the Company’s       applying good business systems to reduce
                                                           income level.                                                    business risks, and at the same time
Bakrieland Laporan Tahunan 2024




                                                                                                                            updating information and strengthening
                                                                                                                            accountability in making business decisions
                                                                                                                            in the Business Unit environment.




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      Jenis Risiko                                Deskripsi                                          Langkah Mitigasi
      Type of Risk                               Description                                            Mitigation
Risiko Usaha             Perseroan merupakan perusahaan properti terintegrasi yang       Dalam memulai pengembangan usahanya
                         mempunyai lini bisnis yang beragam dalam bidang landed          Perseroan menerapkan proses evaluasi
                         residential, kondominium, perkantoran, perhotelan, hiburan      yang saksama dan melakukan uji tuntas
                         dan rekreasi serta pusat perbelanjaan. Faktor keberagaman       dengan penetapan Internal Rate of Return
                         usaha tersebut menimbulkan dampak pada meningkatnya             (IRR) yang sangat ketat.
                         risiko usaha.

Busines Risk             The Company is an integrated property company with a variety    In starting its business development, the
                         of lines of business in landed residential, condominiums,       Company applies a thorough evaluation
                         office, hotels, entertainment recreation as well as shopping    process and conducts due diligence by
                         center. The diversity factor of the business causes an impact   establishing a tight IRR.
                         on increasing business risks.
Risiko Sistem dan        Risiko ini timbul sebagai akibat adanya ketidakseragaman        Perseroan meminimalisasi potensi masalah
Teknologi                sistem dan teknologi dalam operasional Perseroan.               ini dengan menetapkan bahwa Unit Usaha
                         Kompleksitas sistem yang belum terintegrasi penuh antara        tetap mengacu pada kebijakan penetapan
                         Perseroan dan Unit Usaha dapat mempengaruhi sinergitas          sistem dan teknologi sesuai yang diacu
                         satu bisnis dengan yang lainnya                                 oleh Perseroan.

System and Technology This risk arises as a result of the non-uniformity of the          The Company minimizes this potential
Risk                  system and technology in the Company’s operations. The             problem by confirming that Business
                      system’s complexity, which is not fully integrated between         Units continue to refer to the policy of
                      the Company and the Business Units may affect the synergy          establishing systems and technology as
                      between one business and another.                                  referred to by the Company.



Risiko Sumber Daya Manusia (SDM)
Human Resource (HR) Risk
      Jenis Risiko                                Deskripsi                                          Langkah Mitigasi
      Type of Risk                               Description                                            Mitigation
Risiko Sumber Daya       Risiko SDM berkaitan dengan penyimpangan hasil dari tingkat     Perseroan senantiasa menempatkan SDM
Manusia (SDM)            produktivitas yang diharapkan, karena adanya variabel yang      sebagai aset utama dalam mencapai tujuan
                         mempengaruhi produktivitas kerja. Sebagai perusahaan            Perseroan. Oleh karena itu, Perseroan
                         yang mengelola jumlah tenaga kerja dengan beragam latar         mengadakan penilaian karyawan berbasis
                         belakang, Perseroan memiliki risiko yang berpotensi timbul      dua arah antara atasan dan bawahan dan
                         akibat kinerja SDM dan proses pengelolaan yang tidak            memberikan remunerasi yang kompetitif
                         maksimal.                                                       dengan perusahaan lain dalam industri
                                                                                         yang sejenis untuk menjaga rendahnya
                                                                                         tingkat pergantian karyawan.

HR Risk                  HR risk is related to deviation of results from expected        The Company continuously places its
                         productivity levels due to the presence of variables that       work force (HR) as the main asset in
                         influence work productivity. As a company that manages a        achieving the Company’s objectives. For
                         number of workers with various backgrounds, the Company         this reason, the Company holds the two-
                         retains potential risks that arise from HR performance and      way based employee assessment between
                         management processes that are not maximized.                    supervisors and subordinates, and provide
                                                                                         remuneration that is competitive to other
                                                                                         companies in order to maintain low
                                                                                         employee turnover rate.
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                                  Risiko Eksternal
                                  External Risk
                                        Jenis Risiko                              Deskripsi                                             Langkah Mitigasi
                                        Type of Risk                             Description                                               Mitigation
                                   Risiko Lingkungan,      Risiko yang timbul dalam pengembangan properti              Perseroan      senantiasa  berusaha     memenuhi
                                   Sosial dan Politik      dapat terdiri dari berbagai jenis, di antaranya peraturan   ekspektasi seluruh pemangku kepentingan
                                                           pemerintah tentang pembatasan pemilikan properti            sebelum memulai suatu proyek. Hal ini dilakukan
                                                           oleh warga negara asing, aturan perpajakan, bencana         melalui implementasi standar- standar terbaik dan
                                                           alam, kejahatan dan terorisme yang seluruhnya berada        terencana, perkiraan atas potensi terjadinya force
                                                           di luar kendali Perseroan.                                  majeure dengan mengasuransikan seluruh proyek,
                                                                                                                       serta memperhatikan faktor lingkungan sehingga
                                                                                                                       terjadi keseimbangan antara pembangunan dan
                                                                                                                       kelestarian lingkungan.

                                   Environmental, Social Risks that arise during property development that             The Company continuously strives to meet
                                   and Political Risk    may consist of various types, among others, including         the expectations of all stakeholders before
                                                         government regulations on the limitation of property          starting a project. This is carried out through the
                                                         ownership by foreign citizens, tax regulation, natural        implementation of best and planned standards,
                                                         disaster, crime, and terrorism, which are all beyond the      estimation on potential occurrence of force majeure
                                                         control of the Company.                                       by insuring the entire project, as well as paying
                                                                                                                       attention to environmental factors so that there is a
                                                                                                                       balance between development and environmental
                                                                                                                       sustainability.
                                   Risiko Hukum            Dalam hubungan bisnis dengan pihak ketiga, terdapat         Perseroan secara saksama mematuhi peraturan
                                                           potensi timbulnya sengketa atau perkara hukum.              yang berlaku dan memastikan bahwa proyek
                                                           Hal ini dapat mempengaruhi reputasi Perseroan,              telah memenuhi ketentuan hukum. Risiko tuntutan
                                                           kegiatan usaha dan pencapaian target laba Perseroan.        hukum masyarakat terhadap dampak lingkungan
                                                           Selanjutnya, adanya perubahan kebijakan hukum yang          dapat diminimalisir melalui pemenuhan persyaratan
                                                           ditetapkan oleh regulator yang harus dipatuhi oleh          pemerintah, terutama yang berkaitan dengan
                                                           objek hukum, juga dapat memberikan risiko hukum             penanganan dampak lingkungan.
                                                           bagi Perseroan.

                                   Legal Risk              In business relationships with third parties, there areThe Company carefully complies with applicable
                                                           potential possibilities for disputes or legal cases to regulations and ensures that projects comply
                                                           occur. This may affect the reputation of the Company’s with legal provisions. The risk of public legal
                                                           business activities and achievement of the Company’s   claims/charges can be minimized through fulfilling
                                                           profit targets.                                        government requirements, especially those that
                                                                                                                  relate to environmental impact handling.
                                   Risiko Reputasi         Risiko reputasi merupakan potensi hilang atau Dalam               memulai    pengembangan       usahanya
                                                           melemahnya nama baik Perseroan. Hal itu mungkin Perseroan menerapkan proses evaluasi yang
                                                           terjadi akibat adanya publikasi negatif atau rendahnya saksama dan melakukan uji tuntas dengan
                                                           penerimaan lingkungan eksternal.                       penetapan IRR yang sangat ketat.

                                                           Reputation risk is potential loss or weakening of the       In starting business development, the Company
                                   Reputation Risk         Company’s good name. This may occur as a result             applies a thorough evaluation process and conducts
                                                           of the presence of negative publication or the low          trials by establishing tight IRR.
                                                           acceptance from the external environment.
                                   Risiko Sistem dan       Risiko   ini   timbul     sebagai     akibat  adanya        Perseroan berkomitmen menjaga reputasinya
                                   Teknologi               ketidakseragaman sistem dan teknologi dalam                 dengan memastikan kualitas produk dan jasanya.
                                                           operasional Perseroan. Kompleksitas sistem yang             Di samping itu, Perseroan juga selalu menjaga
Bakrieland Laporan Tahunan 2024




                                                           belum terintegrasi penuh antara Perseroan dan Unit          hubungan baik dengan masyarakat luas maupun
                                                           Usaha dapat mempengaruhi sinergitas satu bisnis             masyarakat sekitar di mana suatu proyek dibangun,
                                                           dengan yang lainnya.                                        baik melalui program tanggung jawab sosial
                                                                                                                       perusahaan maupun partisipasi dalam berbagai
                                                                                                                       proyek atau kegiatan masyarakat sekitar.

                                   Sistem and Technology This risk arises as a result of the non-uniformity of         The Company is committed to maintaining its
                                   Risk                  the system and technology within the Company’s                reputation by ensuring quality products and
                                                         operations. The system’s complexity that is not yet           services. In addition, the Company also continuously
                                                         fully integrated between the Company and Business             maintains good relations with the general public as
                                                         Units may influence the synergy of one business with          well as with surrounding communities where the
                                                         another.                                                      projects are operating, both through corporate
                                                                                                                       social responsibility programs and participation in
                                                                                                                       various projects or activities of nearby communities.

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FOKUS PELAKSANAAN TUGAS RMC                                             FOCUS OF IMPLEMENTATION OF DUTIES
TAHUN 2024                                                              OF RMC IN 2024

Pada tahun 2024, pelaksanaan tugas dan kegiatan RMC berfokus            In the year 2024, implementation of duties and activities of RMC
pada hal-hal berikut ini:                                               was focused on the following matters:
1. Melanjutkan pelaksanaan pertemuan/rapat koordinasi dengan            1. Continue implementation of coordination meetings with other
   fungsi kerja lain terutama terkait dengan penyelesaian laporan           work functions, especially related to the completion of financial
   keuangan;                                                                reports;
2. Melakukan pengkinian sebagaimana diperlukan atas kebijakan,          2. Conduct necessary updates on prevailing policies, systems,
   sistem dan prosedur yang berlaku di seluruh fungsi kerja, baik           and procedures in all work functions, both on the initiative of the
   atas inisiatif Divisi RMC maupun atas permintaan Direktorat/Divisi       RMS Division as well as upon requests from other Directorates/
   lain;                                                                    Divisions;
3. Melakukan pengkinian sebagaimana diperlukan atas kebijakan,          3. Conduct necessary updates on policies, systems and
   sistem dan prosedur terkait dengan rangkaian aktivitas                   procedures in connection with the series of activities in
   penyusunan laporan keuangan konsolidasian;                               preparing the consolidated financial reports;
4. Melakukan pengkinian sebagaimana diperlukan atas Standard            4. Conduct necessary updates on the Standard Operating
   Operating Procedures seluruh Direktorat, Divisi, dan Departemen          Procedures in all Directorates, Divisions, and Departments
   disesuaikan dengan persyaratan dalam standar manajemen mutu              according to the requirements in the latest quality management
   terbaru;                                                                 standards;
5. Melanjutkan monitoring berkala atas sistem dan prosedur terkait      5. Continue periodic monitoring of systems and procedures
   proses operasional di area Kesehatan dan Keselamatan Kerja (K3)          related to operational processes in Occupational Health and
   sebagai Pilar Keberlanjutan Bakrieland, serta melaporkan hasil           Safety (OHS) as Bakrieland’s Sustainability Pillar, as well as
   evaluasinya kepada manajemen; dan                                        reporting on evaluation results to the management; and
6. Melaksanakan fungsi review atas transaksi dan dokumen yang           6. Implement the review function on transactions and documents
   membutuhkan persetujuan Direksi dan Komisaris, dalam hal                 that require the approval of the Board of Directors and the
   perikatan dengan pihak ketiga maupun penyampaianlaporan                  Board of Commissioners, in the context of association with third
   kepada pihak regulator;                                                  parties as well as submission of reports to the regulator;
7. Menginisiasi program Risk Champion di Entitas Anak Perusahaan,       7. Initiate the Risk Champion Risk program in the Cmpany’s
   sebagai upaya untuk menerapkan proses dan struktur manajemen             Subsidiaries, as an effort to implement an effective risk
   risiko yang efektif.                                                     management process and structure.


TINJAUAN ATAS EFEKTIFITAS SISTEM                                        REVIEW ON THE EFFECTIVENESS OF THE
MANAJEMEN RISIKO                                                        RISK MANAGEMENT SYSTEM

Dari waktu ke waktu, Perseroan terus berusaha meningkatkan              From time to time, the Company continually strives to improve
efektivitas sistem manajemen risiko pada setiap kegiatan rutin          the effectiveness of the risk management system in each routine
yang dijalankan perusahaan, di antaranya dengan melakukan               activity carried out by the company, among others things, by
pengawasan dan perbaikan yang berkelanjutan agar aktivitas              implementing unceasing supervision and improvement so that
pengelolaan risiko dapat berjalan lebih efektif dan efisien dengan      risk management activities run more effectively and efficiently
menggunakan desentralisasi.                                             by means of decentralization.

Selama periode pelaporan 2024, Perseroan kembali melakukan              During the reporting period of 2024, the Company again conducted
pemantauan berkala terhadap risiko yang dikelola oleh divisi-divisi     regular monitoring of risks managed by related divisions through
                                                                                                                                                  Bakrieland Annual Report 2024




terkait melalui forum Business Review yang diselenggarakan setiap       the Business Review forum held every 3 months, also attended by
3 bulan di mana acara tersebut turut dihadiri oleh Direksi Perseroan    the Company’s Directors and related divisions. Implementation
dan divisi terkait. Pelaksanaan forum ini bertujuan untuk membahas      of this forum aimed at discussing the Company’s financial and
mengenai kinerja keuangan dan operasional Perseroan serta               operational performance and discussed strategic issues related
mendiskusikan isu-isu strategis yang terkait dengan pengembangan        to business development, operations, sales, HR, and finance.
bisnis, operasional, penjualan, SDM, dan keuangan.

Berdasarkan hasil pengawasan tersebut, Perseroan berkesimpulan          Based on these monitoring results, the Company concluded that
bahwa proses analisa dan evaluasi atas profil risiko-risiko yang        the processes of analysis and evaluation of risk profiles relevant
relevan dengan kegiatan usaha Perseroan telah dilakukan oleh            to the Company’s business activities were adequately carried out

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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  seluruh risk taker secara memadai dengan mengidentifikasi tujuan         by all risk takers through identifying the initial purpose of such
                                  awal dari aktivitas tersebut, menentukan potensi kejadian yang           activities, determining potential occurences that may obstruct
                                  dapat menghalangi tercapainya tujuan tersebut (risiko), mendeteksi       the achievement of such objectives (risk), detecting potential
                                  kemungkinan keterjadian, dampak dari risiko, mengidentifikasi atau       occurences, impact and risks, identifying or establishing control
                                  menetapkan tindakan pengendalian untuk mengurangi dampak                 actions to reduce the impact of the risk, and then providing
                                  dari risiko, kemudian memberikan penilaian dengan menetapkan             evaluation to determine the risk level.
                                  tingkat risiko.

                                  Dengan melibatkan seluruh unsur di Perseroan, Direksi menilai            By involving all elements of the Company, the Board of Directors
                                  penerapan sistem manajemen risiko di Perseroan sepanjang                 assessed the implementation of the risk management system in
                                  tahun 2024 sudah berjalan dengan baik, efektif, dan terukur. Hal         the Company throughout the year 2024 as appropriate, effective,
                                  ini tercermin dari keberhasilan Perseroan dalam mengelola secara         and measurable. This is reflected from the Company’s success
                                  optimal risiko-risiko yang dihadapi dan memastikan terpenuhinya          in optimally managing risks faced and ensuring the fulfilment of
                                  kebutuhan konsumen, salah satunya dengan melaksanakan                    consumers’ needs, one of which was by carrying out reviews on
                                  peninjauan atas praktik Perlindungan Konsumen di lingkup Unit            Consumer Protection practices within the Company’s Business
                                  Usaha Perseroan.                                                         Units.

                                  PERNYATAAN DIREKSI DAN/ATAU DEWAN                                        STATEMENT OF THE BOARD OF
                                  KOMISARIS ATAS KECUKUPAN SISTEM                                          DIRECTORS AND/OR THE BOARD OF
                                  MANAJEMEN RISIKO                                                         COMMISSIONERS ON THE ADEQUACY OF
                                                                                                           THE RISK MANAGEMENT SYSTEM

                                  Selama tahun 2024, Direksi telah melakukan evaluasi secara               During the year 2024, the Board of Directors thoroughly assessed
                                  seksama atas efektivitas sistem manajemen risiko melalui peninjauan      the effectiveness of the risk management system by means of
                                  berkala atas kebijakan dan prosedur manajemen risiko yang berlaku,       periodic reviews of applicable policies and procedures of the risk
                                  serta menganalisa laporan eksposur risiko dan penilaian profil           management system, as well as analysis of risk exposure reports
                                  risiko yang disampaikan oleh RMC. Sementara Dewan Komisaris              and evaluation of the risk profile submitted by RMC. Meanwhile,
                                  melakukan pengawasan dan evaluasi terhadap penerapan sistem              the Board of Commissioners conducted supervision and evaluation
                                  manajemen risiko yang telah dilakukan oleh Direksi.                      on the implementation of the risk management system carried
                                                                                                           out by the Board of Directors.

                                  Berdasarkan hasil evaluasi tersebut, Direksi dan Dewan Komisaris         Based on these assessments, the Board of Directors and the
                                  menyatakan bahwa sistem manajemen risiko yang diterapkan                 Board of Commissioners stated that the risk management system
                                  di Perseroan telah berjalan efektif, memadai, dan mampu                  implemented in the Company was effectively and adequately
                                  mengendalikan risiko-risiko yang dihadapi Perseroan. Berkat              carried out and was capable of controlling risks faced by the
                                  implementasi pengelolaan risiko yang optimal, proses pencapaian          Company. Thanks to the optimal implementation of risk
                                  tujuan bisnis Perseroan tidak terganggu tanpa mengorbankan kinerja       management, the process of achieving the Company’s business
                                  keuangan, kepatuhan dan/atau reputasi.                                   objectives was not disrupted without compromising financial
                                                                                                           performance, compliance, and/or reputation.

                                  RENCANA PENGEMBANGAN DIVISI RMC                                          DEVELOPMENT PLANS OF THE RMC
                                  TAHUN 2025                                                               DIVISION IN 2025
Bakrieland Laporan Tahunan 2024




                                  Pada tahun 2025, Divisi RMC tetap berupaya untuk melekatkan              In 2025, the RMC will continue to strive to embed risk management
                                  manajemen risiko pada masing-masing sistem dan prosedur kerja            in each system and work procedure of all work functions to
                                  seluruh fungsi kerja untuk membudayakan manajemen risiko                 cultivate risk management in every work process and to synergize
                                  dalam setiap proses kerja, serta bersinergi dengan semua organ           with all Company organs (all divisions and business units). This
                                  Perseroan (semua divisi dan unit usaha). Inisiatif ini dilakukan dalam   initiative is to be implemented in the context of improving the
                                  rangka meningkatkan kesadaran dan pemahaman karyawan akan                awareness and understanding of employees of the importance
                                  pentingnya penerapan sistem manajemen risiko di lingkungan bisnis        of risk management system implementation within the Company’s
                                  Perseroan.                                                               business environment.




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Praktik manajemen risiko Perseroan yang baik merupakan bagian         Good Company’s risk management practices are part of the
dari kegiatan terintegrasi di setiap jenjang struktur organisasi di   integrated activities at every level of the Company’s organizational
dalam Perseroan guna meningkatkan kualitas GCG. Oleh karena itu,      structure in order to improve GCG quality. For this reason, the
dukungan Perseroan dalam implementasi manajemen risiko sangat         support of the Company in implementing risk management is highly
dibutuhkan. Sebagai suatu langkah awal yang penting, pada tahun       needed. As an important first step, in 2025, the Company retains
2025, Perseroan memiliki program Risk Champion. Adapun Risk           the Risk Champion program. Risk Champion is the individual or a
Champion merupakan individu atau tim yang memiliki tanggung           team with the responsibility and function to monitor risks within
jawab dan fungsi dalam memantau risiko di dalam organisasi.           the organization. In addition, Risk Champion is the catalyst for
Selain itu, Risk Champion merupakan penggerak/katalisator bagi        the risk management movement and plays an important role in
aktivitas manajemen risiko dan berperan penting dalam penerapan       implementing effective risk management.
manajemen risiko yang efektif.



SURAT PERNYATAAN DIREKSI TENTANG                                      STATEMENT LETTER OF THE BOARD OF
TANGGUNG JAWAB ATAS PENGENDALIAN                                      DIRECTORS ON THE RESPONSIBILITY
INTERNAL DAN MANAJEMEN RISIKO                                         OF INTERNAL CONTROL AND RISK
                                                                      MANAGEMENT

Yang bertanda tangan dibawah ini :                                    The undersigned below:

Saya, Resza Adikreshna, dalam hal ini bertindak dalam                 I, Resza Adikreshna, in this respect, act in my position as President
kedudukannya selaku Presiden Direktur dari dan oleh karenanya         Director of and on behalf of the Board of Directors of PT Bakrieland
sah dan berwenang bertindak untuk dan atas nama Direksi               Development Tbk (“Company”), a Limited Liability Company
PT Bakrieland Development Tbk (“Perseroan”), suatu Perseroan          domiciled in Jakarta, Wisma Bakrie 1 6th Floor, Jalan HR Rasuna
Terbatas yang berkedudukan di Jakarta, Wisma Bakrie 1 Lantai 6,       Said Ka. B-1, South Jakarta, hereinafter referred to as “The Person
Jalan HR. Rasuna Said Kav. B- 1, Jakarta Selatan, untuk selanjutnya   In Charge of Asserting This Statement”.
disebut “Yang Membuat Pernyataan”.

Dengan ini menyatakan bahwa :                                         Hereby states that:
1. PT Bakrieland Development Tbk selama tahun 2024 telah              1. PT Bakrieland Development Tbk during the year 2024 has
   menerapkan suatu sistem manajemen risiko yang memadai                 implemented an adequate risk management system and
   dan memenuhi aturan pengendalian internal Perseroan serta             complied with the Company’s internal control regulations as
   melaksanakan kebijakan-kebijakan yang ditetapkan oleh                 well as implemented policies setforth by the Company.
   Perseroan
2. Selain itu, pengelolaan manajemen risiko Perseroan dan             2. In addition, the Company’s risk management system and
   pemenuhan aturan serta sistem pengendalian internal telah             regulatory compliance, as well as the internal control system,
   dilaksanakan secara efektif dan efisien dalam aspek-aspek             were effectively and efficiently carried out in material aspects.
   yang material.

Demikian Surat Pernyataan ini dibuat dengan sebenar-benarnya          Thus, this Statement Letter is made sincerely with respect to
guna memenuhi prinsip tanggung jawab dalam Tata Kelola                complying with the principle of responsibility within the Company’s
Perusahaan yang baik di Perseroan.                                    Good Corporate Governance.
                                                                                                                                              Bakrieland Annual Report 2024




                                                       Jakarta, 31 Januari 2025
                                                       Jakarta, 31 January 2025




                                                         Resza Adikhresna
                                                Presiden Direktur | President Director


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                                  KEGIATAN MANAJEMEN RISIKO TAHUN                                    RISK MANAGEMENT ACTIVITIES IN 2024
                                  2024

                                  Sepanjang tahun 2024, RMC telah menjalankan sejumlah               Throughout the year 2024, RMC carried out several programs,
                                  program, antara lain sebagai berikut:                              including the following:
                                  1. Melanjutkan pelaksanaan pertemuan/rapat koordinasi dengan       1. Continued coordination meetings with other work functions,
                                     fungsi kerja lain terutama terkait dengan penyelesaian              especially related to the completion of the financial reports.
                                     laporan keuangan.
                                  2. Melakukan pengkinian sebagaimana diperlukan atas                2. Conducted necessary updates on policies, systems, and
                                     kebijakan, sistem dan prosedur yang berlaku di seluruh fungsi      procedures applicable in all work functions, both on the
                                     kerja, baik atas inisiatif Divisi RMC maupun atas permintaan       initiative of the RMC Division and upon requests from other
                                     Direktorat/Divisi lain.                                            Directorates/Divisions.
                                  3. Melakukan pengkinian sebagaimana diperlukan atas                3. Conducted necessary updates on policies, systems and
                                     kebijakan, sistem dan prosedur terkait dengan rangkaian            procedures related to the series of activities in preparing
                                     aktivitas penyusunan laporan keuangan konsolidasian.               the consolidated financial reports.
                                  4. Melakukan pengkinian sebagaimana diperlukan atas                4. Conducted necessary updates on the Standard Operating
                                     Standard Operating Procedures seluruh Direktorat, Divisi,          Procedures in all Directorates, Divisions, and Departments
                                     dan Departemen disesuaikan dengan persyaratan dalam                in adjustment with the requirements to the latest quality
                                     standar manajemen mutu terbaru.                                    management standards.
                                  5. Melanjutkan monitoring berkala atas sistem dan prosedur         5. Continued periodic monitoring of the systems and procedures
                                     terkait proses operasional di area Kesehatan dan                   related to the operational process in the field of Occupational
                                     Keselamatan Kerja sebagai Pilar Keberlanjutan Bakrieland,          Health and Safety as Bakrieland’s Sustainability Pillar, as well
                                     serta melaporkan hasil evaluasinya kepada manajemen.               as reporting evaluation results to the Management.
                                  6. Melaksanakan fungsi review atas transaksi dan dokumen           6. Conducted function reviews on transactions and documents
                                     yang membutuhkan persetujuan Direksi dan Komisaris, dalam          requiring approval from the Board of Directors and the Board
                                     hal perikatan dengan pihak ketiga maupun penyampaian               of Commissioners, in respect to association with third parties
                                     laporan kepada pihak regulator.                                    as well as in submitting reports to the regulator.
                                  7. Menginisiasi program Risk Champion di Entitas Anak              7. Initiated the Risk Champion program in Company’s
                                     Perusahaan, sebagai upaya untuk menerapkan proses dan              Subsidiaries, as an effort to implement an effective risk
                                     struktur manajemen risiko yang efektif.                            management process and structure.



                                  KASUS DAN PERKARA PENTING                                          IMPORTANT CASES AND ISSUES

                                  Selama tahun 2024, tidak terdapat perkara hukum yang               During the year 2024, there were no legal cases with material
                                  berdampak material yang dihadapi oleh Perseroan, Anak              impact faced by the Company, Subsidiaries, members of the
                                  Perusahaan, anggota Direksi dan anggota Dewan Komisaris.           Board of Directors and the Board of Commissioners.



                                  INFORMASI MENGENAI SANKSI                                          INFORMATION ON ADMINISTRATIVE
                                  ADMINISTRASI DAN FINANSIAL                                         AND FINANCIAL SANCTIONS
Bakrieland Laporan Tahunan 2024




                                  Pada tahun 2024, Perseroan menerima sebanyak 3 (tiga) surat        In 2024, the Company received 3 (three) letters from OJK
                                  dari OJK perihal laporan keuangan tahunan, laporan keuangan        regarding the annual financial report, the mid-year financial
                                  tengah tahun, dan Laporan Tahunan.                                 report, and the Annual Report.




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PROGRAM KEPEMILIKAN SAHAM                                          SHARES OWNERSHIP PROGRAM OF THE
DEWAN KOMISARIS DAN DIREKSI                                        BOARD OF COMMISSIONERS AND THE
                                                                   BOARD OF DIRECTORS

Setiap tahun, Dewan Komisaris dan Direksi membuat Surat            Every year, the Board of Commissioners and the Board of
Pernyataan Kepemilikan Saham dan dimuat dalam Laporan              Directors issued the Share Ownership Statement Letter published
Tahunan. Surat pernyataan tersebut menyatakan jumlah lembar        in the Annual Report. This statement letter discloses the number
saham yang dimiliki anggota Dewan Komisaris dan anggota            of shares owned by members of the Board of Commissioners and
Direksi beserta keluarga (istri dan anak). Per 31 Desember 2024,   members of the Board of Directors and their families (wife and
seluruh Dewan Komisaris dan Direksi Perseroan beserta keluarga     children). As of 31 December of 2024, all members of the Board
tidak memiliki saham baik di Perseroan ataupun perusahaan lain.    of Commissioners and the Board of Directors of the Company
                                                                   and their family do not own shares in the Company nor in other
                                                                   companies.



PEMBERIAN KOMPENSASI JANGKA                                        PROVISION OF LONG-TERM
PANJANG                                                            COMPENSATION

Hingga akhir tahun 2024, Perseroan tidak memiliki dan              Until the end of the year 2024, the Companyy did not retain
menerapkan kebijakan mengenai pemberian kompensasi jangka          nor implement the policy to provide the performance-based
panjang berbasis kinerja kepada manajemen dan/atau karyawan.       long-term compensation to the management and/or employees.



PEDOMAN PERILAKU DAN KODE ETIK                                     CODE OF CONDUCT AND CODE OF
                                                                   ETHICS

Perseroan mendorong seluruh karyawan agar senantiasa               The Company encourages all employees to always carry out
menjalankan tugas dan tanggung jawab secara jujur, penuh           their duties and responsibilities in truthfullness, full of integrity
integritas dan terbuka, dengan menghargai sesama. Untuk            and openness, by respecting each other. To support the
mendukung terwujudnya akuntabilitas profesional, Perseroan         materialization of professional accountabililty, the Company
senantiasa menanamkan nilai-nilai dan prinsip-prinsip Etika        consistently embeds values and principles of Company Ethics
Perusahaan di seluruh organisasi dengan cara memberikan            throughout the organization by means of giving examples, build
contoh, membangun kesadaran, dan memberikan berbagai               awareness, and provide various types of training.
macam pelatihan.

Pokok-pokok Etika Perusahaan telah dituangkan dalam Pedoman        The principles of Corporate Ethics are outlined in the Bakrieland
Perilaku Bakrieland yang ditandatangani oleh Presiden Komisaris    Code of Conduct signed by the President Commissioners and
dan Direktur Utama pada 2017. Pedoman ini berisikan sekumpulan     the President Director in 2017. This Guidelines contains a set of
standar perilaku yang harus dipatuhi oleh semua karyawan           standards of behavior that must be adhered to by all employees
saat berinteraksi dengan rekan kerja, pemasok, mitra bisnis        at the time of interaction with work colleagues, suppliers, business
dan pelanggan, serta pemegang saham ataupun pemangku               partners, and customers, as well as with shareholders or other
kepentingan lainnya. Pelaksanaan Etika Perusahaan yang             stakeholders. Continuous implementation of the Corporate Ethics
berkesinambungan diyakini dapat membentuk budaya kerja             is believed to be able to form positive work culture and contains
                                                                                                                                           Bakrieland Annual Report 2024




yang positif dan mengandung nilai-nilai Perseroan. Perwujudan      the Corporate values. The manifestation of the Code of Ethics
Kode Etik bersifat universal dan berlaku setara untuk seluruh      is universal in nature and equally applicable to all levels of the
level organisasi tanpa terkecuali.                                 organization with no exception.




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                                  POKOK-POKOK KODE ETIK                                            PRINCIPLES OF THE CODE OF ETHICS

                                  Kode Etik Perseroan mengatur hal-hal sebagai berikut:            The Company’s Code of Ethics regulates the following matters:
                                  1. Hubungan Karyawan dengan Perseroan                            1. Employees Relationship with the Company
                                  2. Hubungan sesama Karyawan                                      2. Relationships among Employees
                                  3. Hubungan dengan Konsumen                                      3. Relationship with Consumers
                                  4. Hubungan dengan Pemasok                                       4. Relationship with Suppliers
                                  5. Hubungan dengan Pemegang Saham                                5. Relationship with Shareholders
                                  6. Hubungan dengan Pemerintah                                    6. Relationship with the Government
                                  7. Hubungan dengan Masyarakat                                    7. Relationship with the Community



                                  PENGESAHAN DAN SOSIALISASI                                       RATIFICATION AND SOCIALIZATION

                                  Pedoman Perilaku Perseroan disahkan melalui Surat Keputusan      The Company’s Code of Conduct was ratified through the Decree
                                  Direksi No. 047/SK-Dir/IV/07. Selain berisikan sekumpulan        of the Board of Directors No. 047/SK-Dir/IV/07. In addition to
                                  aturan atau standar praktik etis, Pedoman Perilaku Bakrieland    containing a set of regulations or standards of ethical practices, the
                                  juga mengatur mekanisme dan pemberian sanksi atas tindakan       Code of Conduct of Bakrieland also regulates the mechanism and
                                  penyimpangan. Pedoman Perilaku terus diperbaharui secara         imposition of sanctions for acts of deviation. The Code of Conduct
                                  berkala agar senantiasa selaras dengan perkembangan              is always periodically updated so it continues to be in line with legal
                                  hukum, peraturan perundang-undangan serta praktik terbaik        developments, statutory regulations, as well as the Company’s
                                  Perseroan Pernyataan Bahwa Kode Etik Berlaku Setara Bagi         best practices, and the Company’s Statement that the Code of
                                  Anggota Direksi, Anggota Dewan Komisaris, dan Karyawan           Ethics is applicable for All Members of the Board of Directors,
                                  Standar Etika yang tercantum dalam Pedoman Perilaku wajib        Members of the Board of Commissioners, and Employees. Ethical
                                  dipatuhi dan dilaksanakan oleh seluruh insan Perseroan di        Standards contained in the Code of Conduct must be adhered
                                  semua level organisasi termasuk Dewan Komisaris, Direksi,        to and implemented by all Company personnel, at all levels of
                                  dan Organ penunjang Dewan Komisaris, serta seluruh entitas       the organization, including the Board of Commissioners, the
                                  Anak Perusahaan.                                                 Board of Directors, and the supporting Organs of the Board of
                                                                                                   Commissioners, as well as all Subsidiary entities.



                                  SOSIALISASI KODE ETIK                                            SOCIALIZATION OF CODE OF ETHICS

                                  Guna memberikan pemahaman yang kuat kepada seluruh Insan         In order to provide a strong understanding to all Company
                                  Perseroan, maka sosialisasi Pedoman Perilaku dilakukan dengan    Personnel, therefore, the socialization of the Code of Conduct
                                  mewajibkan seluruh level organisasi untuk membaca dengan         is carried out with requiring all levels of the organization to
                                  teliti dan menandatangani Surat Pernyataan Ketaatan terhadap     carefully sign the Statement of Compliance Letter on the Code
                                  Pedoman Perilaku. Inisiatif kegiatan tahunan ini menunjukkan     of Conduct. This annual activity initiative shows proof of the
                                  bukti komitmen karyawan dalam mematuhi pokok-pokok               employees’ commitment to comply with the principles of the
                                  Etika Perusahaan. Selanjutnya, dokumen tersebut diarsipkan       Company Ethics. Subsequently, this document is filed together
                                  bersamaan dengan data karyawan yang bersangkutan.                with the respective employee’s data.
Bakrieland Laporan Tahunan 2024




                                  PENANGANAN PENYIMPANGAN                                          HANDLING OF DEVIATION FROM CODE
                                  PEDOMAN PERILAKU                                                 OF CONDUCT

                                  Penanganan penyimpangan atas Pedoman Perilaku                    Handling deviations of the Code of Conduct is followed up
                                  ditindaklanjuti melalui mekanisme Sistem Pelaporan Pelanggaran   through the mechanism of the Violation Reporting System by
                                  (SPP) dengan terlebih dahulu melakukan investigasi yang          first conducting an in-depth investigation based on facts. The
                                  mendalam dan didasari fakta-fakta. Adapun keputusan akhir        final decision on such deviation findings will be taken by taking
                                  atas temuan penyimpangan tersebut akan diputuskan dengan         into account the effects of the action, the level of intention, and
                                  mempertimbangkan akibat tindakan, tingkat kesengajaan, dan       the motive of the action.
                                  motif tindakan.

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Sebagaimana diatur dalam Pedoman Perilaku, segala bentuk             As stipulated in the Code of Conduct, all forms of violation of
pelanggaran Kode Etik akan dikenakan sanksi yang disesuaikan         the Code of Ethics will be imposed by sanctions in accordance
dengan bobot penyimpangan dan hierarki organisasi (pangkat           with the weight of the deviation and organizational hierarchy
atau jabatan karyawan). Sanksi kepada karyawan dapat berupa          (rank or position of the concerned employee). Sanctions
teguran lisan, surat peringatan, tidak mendapatkan kenaikan          imposed on employees may be in the form of a verbal warning,
gaji, pangkat atau bonus, hingga pemutusan hubungan kerja.           written warning, and no increment, rank or bonus, up to work
Dalam hal pengenaan sanksi pemutusan hubungan kerja                  termination. In the context of sanction imposition in the form of
kepada karyawan, maka keputusan tersebut harus mendapatkan           work termination on an employee, thus, such a decision must
persetujuan Direksi yang dilanjutkan dengan pengajuan                first receive approval from the Board of Directors, followed by
permohonan izin kepada Departemen Tenaga Kerja sesuai UU             a request for permission to the Department of Manpower in
Ketenagakerjaan Repubik Indonesia.                                   accordance with the Manpower Law of the Republic of Indonesia.



KEBIJAKAN BENTURAN KEPENTINGAN                                       POLICY ON CONFLICT OF INTEREST

Perseroan memiliki Kebijakan Benturan Kepentingan yang               The Company retains the Policy on Conflict of Interest ratified
disahkan melalui Surat Keputusan Direksi dan Dewan Komisaris         through the Decree of the Board of Directors and the Board of
Bakrieland No 001/DIR-KOM/SK/VI/2023 Kebijakan benturan              Commissioners of PT Bakrieland Development Tbk No. 001/
                                                                                                                                         Bakrieland Annual Report 2024




kepentingan berfungsi sebagai panduan bagi anggota Dewan             DIR-KOM/SK/VI/2023. The policy on conflict of interest functions
Komisaris dan Direksi agar dalam menjalankan tugas dan               as a guideline for members of the Board of Commissioners and
kewajibannya senantiasa mendahulukan kepentingan ekonomis            the Board of Directors so that when carrying out duties and
Perseroan dan tidak menyalahgunakan jabatan untuk kepentingan        obligations, the Company’s economic interests must be prioritized
dan keuntungan pribadi, keluarga dan pihak-pihak lain. Selain itu,   and not to misuse position for personal interests and profit as
kebijakan ini juga mengatur pemberian dan penerimaan hadiah          well as that of family and other parties. In addition, the policy
dan donasi, kegiatan sampingan, dan kerahasiaan informasi.           also regulates the giving and receiving of gifts and donations,
                                                                     side activities, and confidentiality of information.




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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  INISIASI ANTI-GRATIFIKASI                                          INITIATION OF ANTI-GRATUITY

                                  Sebagai bentuk komitmen Perseroan dalam membangun                  As a form of commitment of the Company in building a strong
                                  budaya kepatuhan yang kuat pada semua aspek, maka                  compliance culture on all aspects, the Company established the
                                  Perseroan menerbitkan Pakta Integritas yang wajib dipahami         Integrity Pact, mandatory to be comprehended and signed by
                                  dan ditandatangani oleh pihak eksternal seperti pemasok.           all external parties such as suppliers. This is stipulated in the
                                  Hal tersebut diatur dalam Kebijakan Pengadaan Barang dan/          Procurement of Goods and/or Services Policy ratified through
                                  atau Jasa yang disahkan melalui Surat Keputusan Direksi PT         Decision Letter of the Board of Directors of PT Bakrieland
                                  Bakrieland Development Tbk No. 021/DIR-Perseroan/SK/VIII/11,       Development Tbk No. 021/DIR-Perseroan/SK/VIII/11 which requires
                                  yang mensyaratkan kelengkapan Pakta Integritas Eksternal untuk     the completion of the External Integrity Pact to complement the
                                  melengkapi dokumen kontrak/perjanjian dengan penyedia barang       contract/agreement documents with providers of goods and/
                                  dan/atau jasa                                                      or services.



                                  KEBIJAKAN ANTI KORUPSI                                             POLICY ON ANTI-CORRUPTION

                                  KOMITMEN TERHADAP ANTI-KORUPSI                                     COMMITMENT ON ANTI-CORRUPTION
                                  Perseroan dengan tegas menjalankan kegiatan usaha yang bebas       The Company firmly carries out business activities that are
                                  dari praktik Korupsi, Kolusi dan Nepotisme (KKN). Perwujudan       free from the practices of Corruption, Collusion and Nepotism.
                                  inisiatif anti-korupsi berkaitan erat dengan komitmen Perseroan    Demonstration of the anti-corruption initiative is closely tied to
                                  dalam menerbitkan Pakta Integritas yang juga menerapkan prinsip    the Company’s commitment in establishing the Integrity Pact
                                  anti-gratifikasi.                                                  that also applies the anti-gratuity principle.

                                  Perseroan berupaya menutup semua celah yang memungkinkan           The Company strives to cover all loopholes that allow corrupt
                                  terjadinya praktik KKN di tempat kerja melalui penerapan           practices in the workplace through the serious implementation of
                                  kebijakan yang telah ditetapkan secara sungguh-sungguh,            established policies, one of which is through the Board Manual
                                  salah satunya melalui Pedoman Dewan (Board Manual) yang            ratified through the Decree of the Board of Directors and the
                                  disahkan melalui Surat Keputusan Direksi dan Komisaris PT          Board of Commissioners of PT Bakrieland Deelopment Tbk No.
                                  Bakrieland Development Tbk No. 001/KOM-DIR-PERSEROAN/              001/KOM-DIR-PERSEROAN/SK/I/2016 on the Ratification of the
                                  SK/I/2016 tentang Pengesahan Board Manual. Pedoman tersebut        Board Manual. The manual clearly stipulates that members of the
                                  secara jelas mengatur bahwa anggota Dewan Komisaris tidak          Board of Commissioners are not allowed to request or receive
                                  diperkenankan meminta atau menerima hadiah dan sejenisnya          gifts and the like from any interested parties where this may affect
                                  dari setiap pihak yang berkepentingan di mana hal tersebut dapat   his/her objectivity in representing the interests of the Company.
                                  mempengaruhi objektivitasnya mewakili kepentingan Perseroan.

                                  Dalam rangka meningkatkan penerapan inisiatif anti-gratifikasi,    In the effort to enhance the implementation of the anti-gratuity
                                  Perseroan menerbitkan Pakta Integritas kepada pihak eksternal      initiative, the Company issued the Integrity Pact for external
                                  seperti pemasok. Hal tersebut diatur dalam Kebijakan Pengadaan     parties such as suppliers. This is stipulated in the Policy on
                                  Barang dan/atau Jasa, yang disahkan melalui SK Direksi PT          Procurement of Goods and/or Services, ratified through Decision
                                  Bakrieland Development Tbk No. 021/DIR-Perseroan/SK/VIII/11,       Letter of the Board of Directors of PT Bakrieland Development Tbk
                                  yang mensyaratkan kelengkapan Pakta Integritas Eksternal untuk     No. 021/DIR-Perseroan/SK/VIII/11 which requires the completion
                                  melengkapi dokumen kontrak/perjanjian dengan penyedia barang       of the External Integrity Pact to complement contract/agreement
Bakrieland Laporan Tahunan 2024




                                  dan/atau jasa.                                                     documents with providers of goods and/or services.

                                  Aktivitas sosialisasi serta internalisasi kebijakan anti-korupsi   Activities on socialization and internalization of anti-corruption
                                  dilakukan dengan memasang standing banner dan juga poster          policy are conducted by placing standing banners and also
                                  majalah dinding di seluruh lokasi kantor Perseroan dan Unit        posters at office locations of the Company and Business Units.
                                  Usaha. Perseroan juga memanfaatkan media komunikasi internal       The Company also takes advantage of available internal
                                  yang ada, seperti e-mail blast dan corporate news Bakrieland       communication media, such as Bakrieland email blasts and
                                  yang terdistribusi ke seluruh karyawan.                            corporate news distributed to all employees.




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SISTEM PELAPORAN PELANGGARAN                                       WHISTLEBLOWING SYSTEM

Langkah konkret Perseroan dalam menghadirkan lingkungan            The Companys concrete steps in establishing a business
bisnis yang bersih dan terbebas dari segala bentuk kecurangan      environment that is clean and free from all forms of corruption/
diwujudkan melalui penerapan kebijakan dan Sistem Pelaporan        fraudulence is manifested through the implementation of the
Pelanggaran (Whistleblowing System/”WBS”) yang telah dibangun      Violation Reporting System («Whistleblowing System/WBS») and
sejak tahun 2009. Sosialisasi terkait WBS selama tahun 2024        policy setforth since 2009. Socialization related to the WBS
dilakukan melalui meeting bulanan semua divisi.                    during the year 2024 was carried out through monthly meetings
                                                                   in all divisions.

Dengan adanya WBS dan tim khusus yang menangani pelaporan          With the WBS and special team that handles complaint reporting,
pengaduan, Perseroan berharap seluruh karyawan dan para            the Company hopes that all employees and other stakeholders
pemangku kepentingan lainnya menjadi lebih terbuka dan             become more open and transparent to report all forms of violation
transparan untuk melaporkan segala bentuk tindakan pelanggaran     acts or allegations on the Company’s policies and/or procedures
atau dugaan terjadinya pelanggaran terhadap kebijakan dan/atau     and code of ethics and corporate cultural values, as well as other
prosedur serta kode etik dan nilai-nilai budaya Perseroan, serta   violations as regulated in the WBS policy.
pelanggaran lainnya yang telah diatur dalam kebijakan WBS.



PIHAK YANG MENGELOLA WBS                                           THE PARTY MANAGING THE WBS

Berdasarkan Surat Keputusan Direksi Perseroan No. 118/SK/          Based on Decision Letter of the Board of Directors of the
Dir-BLD/VIII/09, Direksi memutuskan untuk membentuk dan            Company No. 118/SK/Dir-BLD/VIII/09, the Board of Directors
menunjuk Tim Khusus Pengelola Pelaporan Pelanggaran (TKPP)         decided to set up and appoint a Special Team for the Management
yang terdiri dari Internal Audit Division Head, Corporate Legal    of Violation Reporting which consists of the Internal Audit Division
Division Head, dan Corporate Human Capital Division Head.          Head, Corporate Legal Division Head, and the Corporate Human
                                                                   Capital Division Head.



MEKANISME PENYAMPAIAN                                              MECHANISM OF DELIVERING REPORT
PELAPORAN DAN PENANGANAN                                           AND HANDLING OF COMPLAINT
PENGADUAN

Perseroan telah menyediakan berbagai media WBS yang                The Company has provided various WBS media that may be
dapat dimanfaatkan oleh para Pelapor dalam menyampaikan            utilized by the Whistleblower in submitting a complaint report
laporan pengaduannya jika diduga telah terjadi pelanggaran         if there is a suspected occurence of a violation conducted by a
yang dilakukan oleh karyawan Perseroan dengan mekanisme            Company employee, which is through the following mechanism:
sebagai berikut:
• E-mail: whistleblowing@bakrieland.com                            •   E-mail: whistleblowing@bakrieland.com
• Menyampaikan surat resmi kepada:                                 •   Submit an official letter to:

Tim Khusus Pengelola Pelaporan Pelanggaran                         Special Team for Violation Reporting Management
PT Bakrieland Development Tbk                                      PT Bakrieland Development Tbk
                                                                                                                                          Bakrieland Annual Report 2024




Wisma Bakrie 1 Lt 6                                                Wisma Bakrie 1 Lt 6
Jl. HR Rasuna Said Kav B-1, Jakarta, 12920                         Jl. HR Rasuna Said Kav B-1, Jakarta 12920

Dalam menyampaikan laporan pengaduan, para Pelapor                 In submitting a complaint report, the Whistleblower is expected to
diharapkan dapat menyertakan dokumen pendukung awal agar           be able to enclose initial supporting documents for investigation
dapat diinvestigasi dan ditindaklanjuti oleh TKPP. Jika dokumen    and follow-ups by the team. If reporting documents are complete,
pelaporan telah lengkap, TKPP akan melaporkan kasus terkait        the team will then report the related case to the Board of Directors
kepada Direksi dan Dewan Komisaris melalui Komite Audit. TKPP      and the Board of Commissioners through the Audit Committee.
juga akan melakukan investigasi terhadap pihak terlapor.           The team will also investigate the concerned whistleblower.


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                                  Laporan Tata Kelola Perusahaan | Corporate Governance Report




                                  Laporan yang tidak terbukti keabsahannya akan dikembalikan      A report not proven of its validity will be returned to the
                                  kepada pelapor. Namun apabila pelaporan terbukti, maka TKPP     whistleblower. However, if the report is proven, then the team
                                  akan melaporkan hasil temuan kepada Komite Audit untuk          will report the result of the findings to the Audit Committee
                                  ditindaklanjuti kepada Dewan Komisaris dan Direksi. Sementara   for follow-up to the Board of Commissioners and the Board of
                                  itu untuk laporan pengaduan pelanggaran yang berkaitan dengan   Directors. In the mean time, for reports of violation complaints
                                  TKPP dapat disampaikan dalam bentuk surat dan ditujukan         related to the team may be submitted in the form of a letter
                                  kepada Direktur Utama, sedangkan laporan yang berkaitan         and addressed to the President Director, while reports related
                                  dengan Direktur Utama ditujukan kepada Presiden Komisaris.      to the President Director may be addressed to the President
                                  Sesuai dengan Pedoman Perilaku (Code of Conduct), Perseroan     Commissioner. In accordance with the Code of Conduct, the
                                  telah menetapkan kategori sanksi atas laporan yang terbukti     Company determines the sanction category of the reports proven
                                  kebenarannya.                                                   to be true.



                                  PERLINDUNGAN BAGI PELAPOR                                       PROTECTION FOR THE WHISTLEBLOWER

                                  Perseroan menjamin bahwa setiap karyawan ataupun pihak-         The Company guarantees that each employee and other parties
                                  pihak lain yang melapor dengan itikad baik akan dilindungi      who report with good intention will be protected from acts of
                                  dari tindakan balas dendam dan laporan yang diterima akan       revenge, and reports accepted will be treated in confidential.
                                  diperlakukan secara rahasia. Karena itu, mekanisme WBS          For this reason, the Company’s WBS mechanism prioritizes the
                                  Perseroan mengutamakan anonimitas identitas Pelapor sehingga    anonymity of Whistleblowers’ identities so that the Whistleblowers
                                  para Pelapor mendapatkan jaminan keamanan.                      are guaranteed their safety.
Bakrieland Laporan Tahunan 2024




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Sebagaimana diatur dalam kebijakan WBS, Perseroan                As regulated in the WBS policy, the Company ensures the
menjamin kerahasiaan identitas pelapor hanya jika pelapor        confidentiality of the whistleblower’s identity only if the
terbukti memberikan pelaporan yang benar dan absah. Namun        whistleblower is proven to have reported the truth and valid.
sebaliknya jika Pelapor terbukti memberikan laporan palsu maka   However, on the other hand, if the Whistleblower is proven to
ynag bersangkutan akan dikenakan sanksi sesuai peraturan         have submitted a false report then the concerned whistleblower
perundangundangan yang berlaku, misalnya KUHP Pasal 310          will be imposed with sanctions in accordance with applicable
dan 311 atau peraturan internal Perseroan.                       laws and regulations, for example, KUHP Article 310 and 311 or
                                                                 the Company’s internal regulations.



IMPLEMENTASI DAN HASIL                                           IMPLEMENTATION AND RESULTS OF
PENANGANAN WBS                                                   WBS HANDLING

Selama tahun 2024, TKPP tidak menerima laporan pelanggaran       Throughout the year 2024, the team did not receive any violation
terhadap Peraturan Perseroan dan telah ditindak lanjuti sesuai   report on the Company’s Regulation and has followed up
                                                                                                                                    Bakrieland Annual Report 2024




dengan peraturan yang berlaku.                                   according to applicable regulations.




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                                  Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
                                  Integrated Corporate Social Responsibility/Sustainability Report
Bakrieland Laporan Tahunan 2024




216
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07
Tanggung
Jawab Sosial
Perusahaan
Terintegrasi/
Laporan
Keberlanjutan
Integrated Corporate
Social Responsibility/
Sustainability Report

                         Bakrieland Annual Report 2024




                         217
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                                  Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
                                  Integrated Corporate Social Responsibility/Sustainability Report




                                  Strategi Keberlanjutan
                                  Sustainability Strategy



                                  Perseroan berkomitmen untuk melanjutkan langkah                      The Company is committed to continuing business development
                                  pengembangan bisnis di jalur keberlanjutan yang telah ditetapkan     in its sustainability path set forth in alignment with the increasing
                                  seiring dengan meningkatnya komitmen untuk mewujudkan                commitment to manifest a better future for the property industry.
                                  masa depan industri properti yang lebih baik. Sebagai salah satu     As one of the prominent property companies in Indonesia, the
                                  perusahaan properti unggul di Indonesia, Perseroan memandang         Company views sustainability as an important aspect that must
                                  keberlanjutan sebagai aspek penting yang harus diintegrasikan        be integrated into the business strategy so as to contribute
                                  ke dalam strategi bisnis agar dapat berkontribusi secara positif     positively to the environment, society, and economy.
                                  terhadap lingkungan, sosial, dan ekonomi.

                                  Perseroan menjadikan keberlanjutan sebagai acuan dalam               The Company places sustainability as a reference in business
                                  berbisnis sehingga pada penerapannya tidak lagi hanya berfokus       that its implementation not only focuses on merely economic
                                  pada pencapaian kinerja ekonomi semata melainkan ikut ambil          performance achievements but also on taking part in materializing
                                  bagian dalam mewujudkan masa depan industri properti yang            the future of the property industry that carries on great benefits
                                  membawa manfaat besar bagi para pemangku kepentingan dan             for the stakeholders and is environmentally friendly in accordance
                                  ramah lingkungan sesuai dengan prinsip-prinsip Lingkungan,           with the Environment, Social, and Governance (”ESG”) principles.
                                  Sosial, dan Tata Kelola (Environmental, Social, Governance/”ESG”).

                                  Untuk dapat mencapai target-target keberlanjutan yang sudah          In order to achieve predetermined sustainability goals, the
                                  dicanangkan, Perseroan terus berusaha meningkatkan kesadaran         Company continuously strives to improve the awareness of
                                  karyawan akan pentingnya implementasi model bisnis berbasis          the employees of the importance of the ESG-based business
                                  ESG dalam praktik investasinya. Perseroan telah merumuskan           model implementation in its investment practice. The Company
                                  strategi keberlanjutan yang sesuai dengan kebutuhan dan core         has formulated the sustainability strategy in line with the needs
                                  business perusahaan, serta melakukan evaluasi berkala atas           and the core business of the Company, as well as periodically
                                  penerapannya agar tetap relevan dengan perkembangan kondisi          evaluates the implementation so that it remains relevant
                                  eksternal dan lingkungan bisnis.                                     with developments in the business’s external conditions and
                                                                                                       environment.

                                  Sosialisasi nilai-nilai keberlanjutan juga ditanamkan kepada         The socialization of sustainability values is also instilled in all
                                  seluruh pemangku kepentingan dengan melibatkan pelaku-               stakeholders by involving economic actors and local workers
                                  pelaku ekonomi dan tenaga kerja lokal di wilayah operasi untuk       in the operational areas to support the sustainability of the
                                  menopang keberlanjutan usaha Perseroan. Sementara itu dalam          Company’s business. Meanwhile, in the context of sharing
                                  rangka membagikan manfaat positif yang berkelanjutan dan             sustainable and targeted positive benefits with the surrounding
                                  tepat sasaran kepada masyarakat sekitar, Perseroan memiliki          community, the Company retains a Corporate Social Responsibility
                                  program Tanggung Jawab Sosial Perusahaan (Corporate                  (CSR) program that is implemented annually. This CSR program
                                  Social Responsibility/”CSR”) yang dilaksanakan setiap tahun.         is actualized in various activity initiatives with the orientation on
                                  Program CSR ini direalisasikan dalam berbagai inisiatif kegiatan     achieving Sustainable Development Goals (SDGs).
                                  yang berorientasi pada pencapaian Tujuan Pembangunan
                                  Berkelanjutan (Sustainable Development Goals/”SDGs”).

                                  Sebagai perusahaan pengembang properti yang memiliki                 As a property developer with high awareness of the maintenance
                                  kesadaran tinggi untuk memelihara dan melestarikan lingkungan        and preservation of the environment, the Company’s CSR
                                  hidup, maka program CSR Perseroan di bidang lingkungan hidup         program in the environmental area is consistently focused on
Bakrieland Laporan Tahunan 2024




                                  konsisten berfokus pada:                                             the following:
                                  1. Konsep desain, konstruksi, sampai proyek yang menghargai          1. Design concept, construction, up to the project that respects
                                      alam;                                                                nature;
                                  2. Pengelolaan limbah yang efektif;                                  2. Effective waste management;
                                  3. Perlindungan atas keanekaragaman hayati di manapun                3. Protection of biodiversity wherever the Company operates;
                                      Perusahaan beroperasi;
                                  4. Peningkatan efisiensi energi pada setiap kegiatan operasional;    4. Improvement in energy efficiency in each operational activity;
                                      dan                                                                 and
                                  5. Pemilihan vendor yang ramah lingkungan.                           5. Selection of vendors that are environmentally friendly.




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Dengan menerapkan strategi keberlanjutan yang terukur dan    By implementing a measurable and and targeted sustainability
terarah, Perseroan optimistis mampu mengembangkan bisnis     strategy, the Company is optimistic aboutits capability to develop
properti yang berkelanjutan tanpa mengorbankan kepentingan   its property business that is sustainable without sacrificing the
generasi mendatang.                                          interests of future generations.




                                                                                                                                  Bakrieland Annual Report 2024




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                                  Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
                                  Integrated Corporate Social Responsibility/Sustainability Report




                                  Kilas Kinerja Strategi Keberlanjutan
                                  Performance Highlights of Sustainability Strategy



                                  Berkat konsistensi dan kesadaran penuh seluruh karyawan               Due to the consistency and full awareness of all employees on
                                  terhadap implementasi strategi keberlanjutan pada seluruh             the implementation of a sustainability strategy on all business
                                  proses bisnis, Perseroan berhasil merealisasikan target-target        processes, the Company managed to actualize sustainability
                                  keberlanjutan tahun 2024:                                             targets during the year 2024:



                                                                                                                                    656.171 kg
                                                 Rp62,1
                                                  miliar/billion                                 89%                           Limbah dikelola Perseroan melalui kerja
                                                                                                                                sama dengan berbagai vendor binaan
                                                                                                                                  pemerintah daerah. Khusus untuk
                                       Total nilai pengadaan untuk barang dan         Vendor sudah terverifikasi ramah         kawasan Rasuna Epicentrum dan Bogor
                                        jasa yang dibeli dari pemasok lokal di                 lingkungan.                      Nirwana Residence, Perseroan bekerja
                                       Jakarta, Bogor, Lampung, Sidoarjo, dan                                                   sama dengan bank sampah setempat.
                                                      Yogyakarta.                  Vendors were verified as environmentally
                                                                                                  friendly.                       Waste is managed by the Company
                                        Total value of procurement of goods and                                                through joint efforts with various vendors
                                         services purchased from local suppliers                                              fostered by local governments. Specifically
                                       in Jakarta, Bogor, Lampung, Sidoarjo, and                                                 for the Rasuna Epicentrum and Bogor
                                                        Yogyakarta                                                              Nirwana Residence areas, the Company
                                                                                                                                works together with local waste banks.




                                  Fokus Praktik Keberlanjutan Tahun 2024
                                  Focus of Sustainability Practices in 2024


                                  Sepanjang tahun 2024, Perseroan berfokus untuk :                      Throughout the year 2024, the Company was focused on the
                                                                                                        following:
                                  1.     Tetap memprioritaskan pengusaha lokal sebagai mitra            1. Continue to prioritize local entrepreneurs as the Company’s
                                         Perseroan untuk menumbuhkan ekonomi sekitar;                        partners to nourish the local economy;
                                  2.     Memprioritaskan warga lokal untuk menjadi karyawan             2. Prioritize to recruiting local residents as Company employees;
                                         Perseroan;
                                  3.     Konsisten melakukan penghijauan di dalam kawasan untuk         3. Consistently carry out reforestation within the property areas
                                         mempertahankan ekologi;                                           to maintain ecology;
                                  4.     Memberikan dampak lebih besar kepada masyarakat sekitar        4. Provide greater impact to the surrounding community through
Bakrieland Laporan Tahunan 2024




                                         melalui program-program CSR;                                      CSR programs;
                                  5.     Konsisten memberikan rasa nyaman dan aman di setiap            5. Consistently provide the felling of comfort and safety at
                                         properti Perseroan dengan penerapan Sistem Manajemen              each of the Company’s properties by implementing the
                                         K3;                                                               Occupational Health and Safety (OHS) Management System;
                                  6.     Konsisten menerapkan konsep desain, konstruksi, sampai         6. Consistently apply design concepts and construction up to
                                         proyek yang menghargai alam pada produk properti baru.            project implementation that respects nature on each new
                                                                                                           property product.




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Nilai Keberlanjutan
Sustainability Values



Perseroan sudah sejak 2011 merumuskan nilai-nilai keberlanjutan   The Company, since the year 2011, has formulated the
melalui Pilar Keberlanjutan yang mencakup komitmen terhadap       sustainability values through the Sustainability Pillars that cover
aspek finansial, lingkungan, sosial, serta praktik terbaik dan    the commitment to financial, environmental, and social aspects
kepatuhan.                                                        as well as best practices and compliance.




      Financially                    Green Through                        It’s About                     Adopting Best
      Sustainable                      & Through                         the People                       Practices &
                                                                                                          Compliance

     Sorotan Kinerja              Manajemen Produk dan                 Manajemen dan                  Praktik Tata Kelola yang
     Keuangan dan                    Kinerja Operasional               Pengembangan                   Baik dalam pilar Praktik
 Operasional sebagai pilar         yang berdampak pada                  Karyawan dan                    Usaha Terbaik dan
  Berkelanjutan Secara             Lingkungan dalam pilar           Masyarakat dalam pilar                   Kepatuhan
        Ekonomi                   Hijau Secara Menyeluruh            Tentang Manusianya
                                                                                                        Good Governance
 Financial and Operational        Product Management and          Employee and Community             Practices in Best Business
  Performance Highlights          Operational Performance            Management and                  Practices and Compliance
    as the Economically                that impact the             Development in About                         Pillar
     Sustainable Pillar           Environment in the Green            the People Pillar
                                  Through & Through Pillar




                                              Pilar Keberlanjutan Bakrieland
                                              Bakrieland Sustainability Pillars                                                         Bakrieland Annual Report 2024




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                                  Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
                                  Integrated Corporate Social Responsibility/Sustainability Report




                                  Tata Kelola Keberlanjutan
                                  Sustainability Governance



                                  PENANGGUNG JAWAB PENERAPAN                                                     THE PARTY RESPONSIBLE FOR THE
                                  PRAKTIK KEBERLANJUTAN                                                          IMPLEMENTATION OF SUSTAINABILITY
                                                                                                                 PRACTICES

                                  Dalam rangka mewujudkan pertumbuhan kinerja bisnis yang solid                  In the framework to manifest a solid and sustainable business
                                  dan berkelanjutan, Perseroan memastikan seluruh karyawan telah                 performance growth, the Company ensures that all employees
                                  menerapkan prinsip-prinsip tata kelola yang baik secara konsisten              apply the principles of good governance consistently and
                                  dan mengintegrasikan pilar keberlanjutan Perseroan pada seluruh                integrate the Company’s sustainability pillars in all operational
                                  proses operasional. Untuk memaksimalkan pencapaian target-                     processes. To maximize the achievement of sustainability targets,
                                  target keberlanjutan, Perseroan telah memiliki dan menjalankan                 the Company has and maintains a work system that involves all
                                  sebuah sistem kerja yang melibatkan berbagai pihak mulai dari                  parties, starting from the top menagement level to the executing
                                  tingkatan manajemen puncak hingga unit kerja pelaksana di                      work units within the scope of the Company and Business Units.
                                  lingkup Perseroan dan Unit Usaha.

                                  Sistem kerja ini bertujuan untuk mengelola praktik Corporate                   This work unit aims to manage Corporate Sustainability practices
                                  Sustainability secara komprehensif sehingga Perseroan dapat                    comprehensively so that the Company can provide positive
                                  memberikan kontribusi positif bagi para pemangku kepentingan.                  contributions for the stakeholders. As regulated under Law No.
                                  Sebagaimana diatur dalam UU no. 40 tahun 2007 tentang                          40 of Year 2007 regarding Limited Liabililty Companies, the Board
                                  Perseroan Terbatas, Direksi berperan sebagai organ utama                       of Directors takes the role as the Company’s main organ fully
                                  Perseroan yang bertanggung jawab penuh atas pelaksanaan                        responsible for the implementation of the sustainability strategy
                                  strategi keberlanjutan yang dijalankan oleh masing-masing                      carried out by each line of business of the Company. Meanwhile,
                                  lini usaha Perseroan. Sementara itu, Dewan Komisaris dibantu                   the Board of Commissioners is assisted by the Audit Committee
                                  oleh Komite Audit melaksanakan fungsi pengawasan secara                        to carry out its overall supervisory function on the Company’s
                                  menyeluruh atas pengelolaan Perseroan yang termasuk terkait                    management including which relates to the Board of Directors’
                                  komitmen Direksi terhadap Pilar Keberlanjutan.                                 commitment to Sustainability Pillars.

                                  Berikut ini adalah struktur tata kelola keberlanjutan Perseroan                Following is the Company’s sustainability management
                                  yang berlaku hingga akhir periode pelaporan 2024:                              governance structure applicable until the end of the 2024
                                                                                                                 reporting period:


                                                                                  Dewan Komisaris                                    Komite Audit
                                                                               Board of Commissioners                               Audit Committe



                                                                                      Direksi
                                                                                 Board of Directors




                                                        Induk Perusahan                                                            Anak Perusahaan
                                                            Holding                                                                  Subsidiaries



                                                 Financial Sustainable                                                        Direksi Anak Perusahaan
                                                 • Corporate Strategy                                                      Board of Directors of Subsidiaries
                                                   Management
                                                 • Corporate Business
                                                   Development
Bakrieland Laporan Tahunan 2024




                                                 • Corporate Finance &                            Financial Sustainable                            It’s About the People
                                                 • Acounting                                      • Business Development                           • Human Capital
                                                                                                  • Project Management                             • CSR
                                                                                                  • Operations                                     • Procurement/General Affairs
                                                 Green Through & Through                          • Finance & Accounting                           • Customer Relations
                                                 • Corporate Affairs

                                                 It’s About the People
                                                 • Corporate Human Capital
                                                 • Corporate Affairs


                                                 Adopting Best Practices &                        Green Through & Through                          Adopting Best Practices &
                                                 Compilance                                       • Business Development                           Compilance
                                                 • Corporate Risk Management                      • Project Management                             • Risk Management
                                                 • Corporate Internal Audit                       • Operations                                     • Corporate Secertary
                                                 • Corporate Legal                                                                                 • Internal Audit
                                                 • Corporate Secertary                                                                             • Legal




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Selain didukung oleh kecukupan governance structure sesuai          Aside from the support of an adequate governance structure as
dengan bagan di atas, Perseroan juga memiliki serangkaian           visible in the above diagram, the Company also retains a series
kebijakan, sistem, dan prosedur tertulis yang memadai untuk         of written policies, systems, and procedures sufficiently set to
mendukung kelancaran proses operasional. Informasi lengkap          support the smooth running of the operational processes. Complete
terkait komposisi tata kelola tertinggi dan komite-komite, serta    information related to the composition of the highest governance
evaluasi kinerja organ tertinggi Perseroan telah disajikan pada     and committees, as well as the performance evaluation of the
Bab Tata Kelola Perusahaan, dalam Laporan Tahunan 2024.             highest organ of the Company is presented in the Chapter on
                                                                    Corporate Governance in this 2024 Annual Report.

PENGEMBANGAN KOMPETENSI TERKAIT                                     COMPETENCY DEVELOPMENT RELATED
KEUANGAN BERKELANJUTAN TAHUN 2024                                   TO SUSTAINABLE FINANCE IN 2024

Selama tahun 2024, Perseroan telah mengikutsertakan 6 (enam)        During the year 2024, the Company included 6 (six) employees
karyawan atau pejabat eksekutif untuk berpartisipasi mengikuti      or executive officers to take part in 10 (ten) training/seminar/
10 (sepuluh) kegiatan pelatihan/seminar/workshop dengan topik       workshop activities with topics related to ESG-based business
terkait pengelolaan bisnis berbasis ESG, antara lain:               management, including the following:



PENILAIAN RISIKO KEBERLANJUTAN YANG                                 ASSESSMENT OF SUSTAINABILITY RISK
TERINTEGRASI DENGAN ASPEK ESG                                       INTEGRATED WITH ESG ASPECT

Informasi mengenai daftar profil risiko lengkap yang juga           Information on the complete risk profile list that also includes
mencakup risiko kegiatan usaha dan risiko pasar, serta risiko       business activity risks and market risks, as well as operational
operasional telah diungkapkan pada Bab Tata Kelola Perusahaan       risks, is provided in the Chapter on Corporate Governance in
dalam Laporan Tahunan 2024.                                         the 2024 Annual Report.

KETERLIBATAN PEMANGKU KEPENTINGAN                                   STAKEHOLDERS INVOLVEMENT

Setelah melalui proses diskusi internal yang mandalam antara        After an internal in-depth discussion process between the
manajemen dan unit-unit kerja, Perseroan berhasil melakukan         management and work units, the Company is able to identify the
identifikasi terhadap kelompok pemangku kepentingan utama yang      main stakeholder group with close ties with the Company based
memiliki kaitan erat dengan Perseroan berdasarkan hubungan timbal   on reciprocal relationships that influence each other and are
balik yang saling mempengaruhi serta bersifat aktif dan responsif   active and responsive between these groups and the Company.
di antara kelompok-kelompok tersebut dengan Perseroan.

Berikut ini adalah daftar kelompok pemangku kepentingan yang        The following is a list of the stakeholder groups based on the
berdasarkan bobot pengaruh dan intensitas pelibatannya cukup        weight of the effect and intensity of the involvement that quite
signifikan memengaruhi setiap proses bisnis Perseroan:              significantly affect each of the Company’s business processes.
                                                                                                                                        Bakrieland Annual Report 2024




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                                  Integrated Corporate Social Responsibility/Sustainability Report




                                   Daftar Pemangku Kepentingan                                           Metode Pelibatan
                                         List of Stakeholder                                            Method of Involvement
                                   Karyawan                         Rapat Karyawan, Rapat Antar-Departemen, Corporate Update melalui sarana komunikasi digital
                                   Employee                         Employee Meeting, Inter-Department Meeting, Corporate Update via media
                                   Pemegang Saham                   Public Expose, Rapat Umum Pemegang Saham, Korespondensi E-mail
                                   Investor                         Public Expose, General Meeting of Shareholders, E-mail Correspondence
                                   Regulator                        Korespondensi E-mail
                                   Regulator                        E-mail Correspondence
                                   Mitra Bisnis                     Korespondensi E-mail
                                   Business Partner                 E-mail Correspondence
                                   Komunitas/Asosiasi               Aktif dalam Asosiasi sebagai Anggota atau Pengurus
                                   Community/Association            Active in Association as Member or Administrator
                                   Konsumen                         Media Sosial, Korespondensi E-mail, Aktivitas Berbasis Komunitas
                                   Consumer                         Social Media, E-mail Correspondence, Community-Based Activities
                                   Masyarakat                       Estate Management Complaint Center, Korespondensi E-mail
                                   Community                        Estate Management Complaint Center, E-mail Correspondence


                                  KENDALA, TANTANGAN, DAN PELUANG                                    CONSTRAINTS, CHALLENGES, AND
                                  KEBERLANJUTAN TAHUN 2024                                           OPPORTUNITIES OF SUSTAINABILITY IN
                                                                                                     2024

                                  Perseroan menyadari bahwa dalam proses penerapan model             The Company realizes that the process of implementing an
                                  bisnis berbasis ESG yang berlandaskan pada Pilar Keberlanjutan     ESG-based business model that builds on Sustainability Pillars
                                  dalam operasional bisnis bukanlah suatu hal yang mudah. Dalam      in business operations is not a simple matter. In its course, the
                                  perjalanannya, Perseroan kerap menemukan beberapa kendala,         Company often finds constraints, challenges, and opportunities,
                                  tantangan dan peluang, seperti mencari mitra yang sudah memiliki   such as in finding partners with ESG-standard operations.
                                  operasional dengan standar ESG.




                                  Kinerja Keberlanjutan
                                  Sustainability Performance



                                  KEGIATAN MEMBANGUN BUDAYA                                          ACTIVITIES IN DEVELOPING
                                  KEBERLANJUTAN                                                      SUSTAINABILITY CULTURE

                                  Perseroan menjadikan budaya keberlanjutan sebagai bagian           The Company places sustainability culture as part of employees’
                                  dari etos kerja karyawan. Komitmen Perseroan terhadap              work ethics. The Company’s commitment to the integration of
Bakrieland Laporan Tahunan 2024




                                  pengintegrasian aspek-aspek ESG dalam setiap aktivitas bisnis      the ESG aspects in every business activity is actualized through
                                  diwujudnyatakan melalui pelaksanaan sejumlah inisiatif kegiatan    the implementation of a number of initiatives that aim to build a
                                  yang bertujuan membangun budaya keberlanjutan di internal          sustainability culture internally in the organization.
                                  organisasi.

                                  Untuk itu, Perseroan sudah secara bertahap melakukan               For this purpose, the Company has gradually made adjustments
                                  penyesuaian terhadap kebijakan-kebijakan internal yang ada         to existing internal policies so as to start focusing on sustainable
                                  agar mulai berfokus pada sustainable operation sebagaimana         operations as directed by the regulator to the private sector.
                                  yang diarahkan regulator kepada sektor private. Perseroan          The Company continuously socializes internal policies and the
                                  mensosialisasikan kebijakan internal dan landasan Pilar            fundamentals of Sustainability Pillars to all employees.
                                  Keberlanjutan secara kontinu kepada seluruh karyawan.

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Disamping itu, Perseroan juga terus membekali seluruh karyawan        Furthermore, the Company also equipped all employees with
dengan berbagai jenis pelatihan ataupun seminar terkait ESG serta     various trainings or seminars related to ESG as well as initiated
menginisiasi kegiatan yang mengusung konsep keberlanjutan             activities that carry the sustainability concept in various fields
dalam berbagai bidang yang berdampak signifikan terhadap              that significantly impact the Company. In line with the increasing
Perseroan. Sejalan dengan terus meningkatnya wawasan serta            insight and knowledge of employees regarding the development
pengetahuan karyawan akan pengembangan model bisnis                   of ESG-based business models, the Company hopes that each
berbasis ESG, Perseroan berharap masing-masing karyawan               employee has the awareness and capability to be able to identify
memiliki kesadaran dan kemampuan untuk dapat melakukan                and evaluate social and environmental risks inherent in the
identifikasi dan penilaian atas risiko-risiko sosial dan lingkungan   implementation of investment operational activities.
yang melekat dengan kegiatan investasi ataupun operasional
yang dijalankan.

Dari sisi tingkat korporasi (corporate-wide), Perseroan turut         Corporate-wide, the Company takes part in actualizing
mengaktualisasikan nilai-nilai keberlanjutan melalui Sustainability   sustainabillity values through the Sustainability Monitoring
Monitoring Sytem (SMS) yang dirancang sebagai suatu sistem            System (SMS), designed as a system to monitor sustainability
untuk memantau penerapan keberlanjutan pada kegiatan                  implementation on operational and marketing activities in order
operasional dan pemasaran guna memastikan terlaksananya               to ensure implemented sustainability.
keberlanjutan.

Sebagai pengembang properti yang bertanggung jawab dan                As a property developer responsible and highly concerned with
memiliki kepedulian tinggi terhadap lingkungan, Perseroan             the environment, the Company greatly comprehends that in
sangat memahami bahwa dalam setiap kegiatan operasional yang          each operational activity there are environmental footprints that
dilakukan terdapat jejak lingkungan yang tidak dapat dihindari.       are unavoidable. For this reason, since 2015, the Company has
Maka dari itu, sejak 2015, Perseroan telah menggalakkan program       promoted an eco-footprint monitoring program in all business
pemantauan eco-footprint di seluruh unit usaha yang mencakup          units covering 3 (three) areas, namely energy, water, and waste
3 (tiga) bidang, yaitu energi, air, dan pengelolaan limbah.           management.

Pada tahun 2024, Perseroan juga telah melakukan pengawasan            In 2024, the Company also conducted monitoring in operational
di seluruh area operasional terkait pemakaian energi, air dan         areas related to energy, water and waste management. Results
pengelolaan limbah. Adapun hasil program ini kemudian dijadikan       of this program are then used as materials for the management
sebagai materi oleh manajemen untuk membuat kebijakan yang            to make decisions relevant and up-to-date so that the Company
relevan dan terkini sehingga Perseroan dapat melakukan langkah-       can take better emission control and energy-saving steps in
langkah pengendalian emisi dan efisiensi energi yang lebih baik       each of the operational activities.
dalam setiap kegiatan operasional.

KINERJA EKONOMI                                                       ECONOMIC PERFORMANCE

Informasi mengenai kinerja ekonomi Perseroan telah diungkapkan        Information on the Company’s economic performance is
pada Bab Analisis dan Pembahasan Manajemen dalam Laporan              presented in the Chapter on the Management Analysis and
Tahunan 2024.                                                         Discussion in this 2024 Annual Report.

KINERJA LINGKUNGAN HIDUP                                              ENVIRONMENETAL PERFORMANCE
                                                                                                                                           Bakrieland Annual Report 2024




Dalam mengembangkan bisnis properti, Perseroan menaruh                In property business development, the Company places full
perhatian penuh terhadap isu lingkungan hidup. Hal ini                attention on environmental issues. This is due to the Company’s
dikarenakan aktivitas operasional Perseroan memberikan dampak         operational activities that generate an impact on the environment
terhadap lingkungan di area operasi baik secara langsung              in areas of the operation, both directly and indirectly. Realizing
maupun tidak langsung. Menyadari hal ini, Perseroan senantiasa        this, the Company persistently strives to optimize the management
berusaha mengoptimalkan pengelolaan kinerja lingkungan hidup          of environmental performance through the implementaion of an
melalui penerapan sistem manajemen lingkungan yang efektif,           effective environmental management system, and ensures the
upaya efisiensi pengelolaan dan emisi energi, serta memastikan        right waste management to prevent environmental contamination.
manajemen limbah yang benar untuk mencegah terjadinya                 With a combination of knowledge, execution skills, and dedicated
pencemaran lingkungan. Dengan kombinasi pengetahuan,                  personnel, the Company can run programs related to the

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                                  Integrated Corporate Social Responsibility/Sustainability Report




                                  keterampilan eksekusi, dan personel yang berdedikasi, Perseroan     environment that focus on environmentally oriented business
                                  dapat menjalankan program-program terkait lingkungan hidup          practices. The Company is assured that the environment is one
                                  yang difokuskan kepada praktik bisnis berwawasan lingkungan.        of the main factors that plays a big role in supporting the future
                                  Perseroan meyakini bahwa lingkungan hidup merupakan salah           of business continuity.
                                  satu faktor utama yang berperan besar dalam menunjang
                                  keberlangsungan usaha di masa depan.

                                  ASPEK LINGKUNGAN HIDUP                                              ENVIRONMENTAL ASPECT
                                  KOMITMEN TERHADAP LINGKUNGAN                                        COMMITMENT TO THE ENVIRONMENT
                                  HIDUP




                                  Perseroan meyakini bahwa tanggung jawab terhadap lingkungan         The Company believes that the responsibility towards the
                                  merupakan kunci penting dalam membangun keberlanjutan               environment is an important key in developing business
                                  bisnis pada jangka panjang. Langkah konkret Perseroan               sustainability in the long run. The Company’s concrete steps
                                  dalam menggarap proyek-proyek pengembangan properti                 in managing property development projects with responsible
                                  dengan caracara yang bertanggung jawab tercermin dari pilar         means are reflected in the Company’s sustainability pillar on the
                                  keberlanjutan Perseroan di bidang lingkungan, yaitu Hijau Secara    environment, namely the Green Through & Through pillar that
                                  Menyeluruh (Green Through & Through), yang mencakup:                covers the following areas:

                                  Green Architecture                                                  Green Architecture
                                  Perseroan mengusung konsep ramah lingkungan pada setiap             The Company bears the concept of eco-friendliness on each
                                  produk properti yang diluncurkan dimana hal ini dijadikan sebagai   of the property products launched, where this becomes the
                                  pedoman bagi Perseroan dalam mengembangkan master design            guideline for the Company in establishing a master design of
                                  sebuah area atau produk. Prinsip Green Architecture, mencakup:      an area and product. The Green Architecture principle covers
                                                                                                      the following:
                                  1. Green Area Design: Konsep pengembangan Ruang Terbuka             1. Green Area Design: The concept of developing Green Open
                                     Hijau (RTH) yang bertujuan meningkatkan kualitas udara               Space that aims at improving air quality and microclimate
                                     dan kondisi iklim mikro serta sebagai peredam kebisingan,            conditions as well as noise reduction, windbreakers and
                                     penahan angin, dan estetika,                                         aesthetic purposes,
                                  2. Green Building and Construction: Komitmen Perseroan untuk        2. Green Building and Construction: The Company’s commitment
                                     membangun bangunan yang ramah lingkungan dalam seluruh               to developing buildings that are environmentally friendly
                                     proses pembangunannya.                                               within the overall construction process.

                                  Green Operation                                                     Green Operation
Bakrieland Laporan Tahunan 2024




                                  Dengan semangat green operation, Perseroan memastikan               With the spirit of Green Operation the Company ensures
                                  pelaksanaan seluruh kegiatan operasionalnya senantiasa              that the implementation of all operational activities is always
                                  berwawasan lingkungan hidup. Untuk itu, Perseroan secara            environmentally oriented. For this purpose, the Company
                                  konsisten menerapkan metode 3R dalam mengelola limbah,              consistently applies the 3R method in managing waste, namely
                                  yakni Reduce (pengurangan), Reuse (penggunaan kembali), dan         Reduce, Reuse, and Recycle.
                                  Recycle (daur ulang).




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Green Attitude                                                      Green Attitude
Perseroan mengajak dan melibatkan seluruh karyawan,                 The Company invites and involves all employees, visitors,
pengunjung, penghuni, penyewa, dan masyarakat sekitar untuk         residents, tenants, and the surrounding community to participate
berpartisipasi secara aktif dalam berbagai program lingkungan       actively in various environmental programs initiated by the
hidup yang diinisiasi Perseroan, seperti aksi penanaman pohon,      Company, such as planting trees, cleaning the surrounding
kerja bakti membersihkan lingkungan sekitar, program lingkungan     environment, community service, environmental programs, and
serta program sosial rutin lainnya.                                 other routine social programs.

Pada tahun 2024, upaya pengelolaan lingkungan hidup                 In the year 2024, efforts to manage the environment carried out
yang dilakukan Perseroan berfokus pada program-program              by the Company focused on the existing sustainability program.
keberlanjutan yang ada.

Penggunaan Material Ramah Lingkungan                                Use of Environmentally Friendly Materials
Pengembangan properti ataupun penggarapan proyek-proyek             The Company’s property development or development of
baru di Perseroan terus diupayakan agar senantiasa mengadopsi       new projects is continuously strived for so that they always
praktik ramah lingkungan dengan menjadikan kriteria hijau,          adopt environmentally friendly practices by placing green
termasuk material ramah lingkungan, sebagai salah satu prasyarat    criteria, including environmentally friendly materials, as one
untuk design dan pelaksanaan proyek pembangunan properti.           of the prerequisites to designing and implementing property
Bakrie Tower sebagai salah satu produk perkantoran yang             development projects. The Bakrie Tower, for example, is one of
telah dikembangkan Perseroan bahkan dalam proses untuk              the office products developed by the Company, and it is in the
mendapatkan sertifikat bangunan ramah lingkungan dari pihak         process of certification for environmentally friendly building from
ketiga yang independent Green Building Council Indonesia            an independent third party, Green Building Council Indonesia
(GBCI). Sertifikat yang didapat adalah kategori Gold.               (GBCI). The obtained certification is the Gold Category.

Pemanfaatan Energi secara Optimal untuk                             Optimal Utilization of Energy to Reduce
Mereduksi Emisi Energi                                              Energy Emission
Dengan mempertimbangkan kondisi Perseroan yang sampai               With consideration of the Company’s current condition, which
saat ini belum sepenuhnya menggunakan sumber energi                 to date has not fully utilized renewable energy sources, the
terbarukan, maka Perseroan telah menerapkan langkah-langkah         Company has applied energy-saving steps effectively and
penghematan energi secara efektif dan efisien yang bertujuan        efficiently intended to reduce Green House Effect emision as well
untuk mengurangi emisi Gas Rumah Kaca (GRK) maupun emisi            as Ozone Depleting Substance (ODS) that arise from operational
zat perusak ozon (Ozone Depleting Substance/”ODS”) yang             activities, including the following:
timbul dari kegiatan operasional, antara lain:
1. Mengaplikasikan kebijakan hemat energi seperti menyalakan        1. Application of energy-saving policies such as in turning
    lampu atau fasilitas penerangan hanya pada saat dibutuhkan,        the lights or other lighting facilities on only when required,
    serta memasang poster himbauan hemat energi di area kantor         and placement of energy-saving reminder posters in office
    dan di wilayah operasi untuk meningkatkan kesadaran dan            and operational areas to increase awareness and build
    membangun kebiasaan ramah lingkungan kepada karyawan               environmentally friendly habits among employees and visiting
    ataupun para tamu yang berkunjung;                                 guests;
2. Menggunakan peralatan elektronik atau peralatan listrik yang     2. Use of energy-saving electronic equipment or electric tools;
    hemat energi;
3. Menerapkan kontrol cermat bagi kendaraan operasional             3. Implementation of meticulous control for operational vehicles
    untuk menghemat bahan bakar;                                       to save fuel;
                                                                                                                                          Bakrieland Annual Report 2024




4. Menerapkan penggunaan gas yang efektif dan tepat guna.           4. Implementation of effective and appropriate use of gas.

Untuk memantau tingkat konsumsi energi dan keberhasilan             To monitor the level of energy use and the success in energy-
inisiatif penghematan energi, Perseroan telah melakukan             saving initiatives, the Company has calculated the consumption of
perhitungan konsumsi energi listrik dan energi lainnya di masing-   electricity and other types of energy in each project cumulatively
masing proyek dan dihitung secara akumulasi selama 1 (satu)         for the 1 (one) year. Below is data on the Company’s energy
tahun. Berikut ini adalah data konsumsi energi di Perseroan         consumption for the past 3 (three) years:
selama 3 (tiga) tahun terakhir:




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                                                                         Total Konsumsi                    Faktor Konsumsi               Emisi CO2 Dihasilkan
                                                                        Total Consumption                      Karbon*                  CO2 Emission Generated
                                   Sumber Energi     Satuan
                                                                                                               Carbon
                                   Energy Source      Unit
                                                                 2024         2023           2022            Consumption           2024          2023           2022
                                                                                                                Factor
                                        Listrik
                                                      kWh     53.928.168    58,564,241      50,911,211               0.44548    24.023.920     26,089,198    22,679,926
                                      Electricity
                                       Bensin
                                                      Liter        7,262       23,287         22,072                   2.2144         3,235         51,567        48,876
                                        Fuel
                                        Solar
                                                      Liter        20.671      25,910          23,761                 2.6008          9.209         67,388         61,798
                                     Diesel Fuel
                                         Gas          kWh           1.097       2.338            2.121               0.18404            202           430            390
                                                        Total Emisi Karbon Dihasilkan (Kg CO2 eq)
                                                                                                                                24.036.566    26.208.584     22.790.991
                                                      Total Carbon Emission Generated (CO2 Kg eq)

                                  Pada tahun 2024, pemakaian sumber energi listrik tetap yang            In 2024, the use of electricity as an energy source remained
                                  terbesar dalam penggunaan energi yang disebabkan oleh                  high due to the increased number of visitors and guests in the
                                  meningkatkan jumlah pengunjung dan tamu di produk-produk               Company’s recurring-income products. In the meantime, in second
                                  pendapatan berulang Perseroan. Sementara di urutan kedua,              place, the use of diesel fuel reached 20,671 liters consumed
                                  penggunaan solar mencapai 20.671 liter yang konsumsinya                for operational support, while fuel consumption is used for
                                  ditujukan untuk mendukung operasional, sedangkan pemakaian             operational vehicles and sales purposes, reaching 7,262 liters
                                  bensin untuk kendaraan operasional dan keperluan sales tercatat        as of the end of 2024.
                                  sebesar 7.262 liter di akhir 2024.

                                  Dari total penggunaan energi selama 2024, estimasi emisi CO2           From the total use of energy during the year 2024, an estimated
                                  yang dihasilkan oleh Perseroan adalah sebesar 24.036.566               CO2 emission generated by the Company was noted at
                                  KgCO2eq atau mengalami penurunan sebesar 8% dari tahun                 24,036,566 KgCO2eq or an decrease of 8% from the previous
                                  sebelumnya yang menghasilkan 26.208.584 KgCO2eq.                       year of 26,208,584 KgCO2eq.

                                  Efisiensi Air                                                          Water Efficiency
                                  Penggunaan air menjadi suatu kebutuhan utama yang tidak                The use of water is a primary need that is unavoidable in daily
                                  terhindarkan dalam kegiatan operasional sehari-hari. Perseroan         operational activities. The company obtains clean water from
                                  memperoleh air bersih dari 3 (tiga) sumber utama untuk memenuhi        3 (three) main sources to fulfill the needs of business units’
                                  kebutuhan operasional unit usaha, warga sekitar, pengunjung,           operations, local community residents, visitors, and tenants,
                                  hingga penyewa, antara lain Air Kelolaan Pihak Ketiga yang             among which are from the Third Party Managed Water supplied
                                  dipasok oleh Perusahaan Daerah Air Minum (PDAM), Air Olahan            by the Local Water Company, the Wasterwater Treatment Plant
                                  Wastewater Treatment Plant (WWTP) dan Sewage Treatment                 (WWTP) and the Sewage Treatment Plant (STP), as well as water
                                  Plant (STP), serta air dari fasilitas penampungan air hujan.           from the rainwater harvesting reservoir.

                                  Dalam keseharian operasionalnya, Perseroan berkomitmen untuk           In daily operations, the Company is committed to consistently
                                  konsisten menerapkan berbagai inisiatif penggunaan air yang            checking periodically the conditions of the faucets, showers,
                                  efektif, seperti melakukan pengecekan secara berkala terhadap          toilets, and water meters so that if any damage or leaks are found
                                  kondisi keran, shower, toilet, dan meteran air sehingga apabila        in the pipes, they would be repaired immediately.
Bakrieland Laporan Tahunan 2024




                                  ditemukan adanya kerusakan atau kebocoran pada pipa dapat
                                  segera diperbaiki.

                                  Selama 3 (tiga) tahun, tren konsumsi air tetap mengalami               For 3 (three) years, the trend in water consumption remained on
                                  peningkatan akibat dari meningkatnya jumlah pengunjung dan             the increase due to the increase in the number of visitors and
                                  tamu di produk-produk recurring income Perseroan.                      guests in the Company’s recurring income products.




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                                                                       Volume Konsumsi Air (Liter)
                                                                   Volume of Water Consumption (Liter)
                                                           Persentase                             Persentase
           Sumber Air                                      Kenaikan/                               Kenaikan/
           Water Source                                    Penurunan                              Penurunan
                                          2024                                    2023                                   2022
                                                          Percentage of                           Percentage
                                                            Increase/                             of Increase/
                                                            Decrease                               Decrease
 Air Kelolaan Pihak Ketiga
                                        325.759.688                     4%       311.841.400                 34%       232.947.300
 Third Party Managed Water
 Air Olahan WWTP dan STP
                                                   0                (100%)        15.374.400                305%          3.789.000
 WWTP and STP Water Treatment
 Air dari Fasilitas Penampungan Air
 Water from Water Reservoir               13.500.000                 (84%)       82.856.200                  20%        69.006.200
 Facilities
 Jumlah
                                        339.259.688                   (17%)     410.072.000                  34%        305.752.120
 Total

Selain menanamkan budaya bijak menggunakan air bersih               Aside from instilling a culture of wise use of clean water among
kepada karyawan, Perseroan juga menerapkan sistem                   employees, the Company also implements a sustainable water
pengelolaan air yang berkelanjutan melalui implementasi sistem      management system through the implementation of the STP
STP. Dengan sistem ini, Perseroan memastikan bahwa limbah cair      system. With this system, the Company ensures that liquid waste
yang dihasilkan dari aktivitas operasional telah melalui proses     generated from operational activities have passed through the
pengolahan dan penyaringan yang ketat sehingga memenuhi             strict treatment and screening processes that meet the water
standar kualitas air yang ditetapkan dalam Peraturan Menteri        quality standards set by the Minister of the Environment and
Lingkungan Hidup dan Kehutanan (Permen LHK) No. 68 tahun            Forestry Regulation No. 68 of year 2016. Thus, liquid waste
2016. Dengan begitu, limbah cair yang disalurkan ke saluran         transported through city water sewage is assured not to pollute
pembuangan air kota dipastikan tidak mencemari lingkungan           the surrounding environment and is safe for public health.
sekitar dan aman bagi kesehatan masyarakat.

Perseroan juga melakukan monitoring ketat atas penggunaan           The Company also tightly monitors the use of water and
air dan memaksimalkan inisiatif daur ulang air guna memenuhi        maximizes the application of water recycle initiative in order to
kebutuhan air bersih untuk kegiatan operasional dan melakukan       meet the needs for clean water for operational activities, and
program konservasi air. Program ini bertujuan agar Perseroan        carries out water conservation program. This program aims for the
mengonsumsi air secara bertanggung jawab. Penerapan program         company to consume water responsibly. Implementation of this
ini diwujudkan dalam 3 (tiga) bentuk kegiatan, yaitu pengolahan     program comes in 3 (three) forms of activities, namely domestic
air limbah domestik dengan sistem biofilter anaerob-aerob           waste water treatment by use of the anaerob-aerob biofilter
(gray wastewater treatment), pengolahan limbah hitam (black         (gray wastewater treatment), black wastewater treatment by use
wastewater treatment) dengan menggunakan septic tank biologi,       of the biological septic tank, as well as water conservation by
serta konservasi air dengan membuat lubang biopori, kolam           making biopore holes, infiltration pond, and canal revitalization
resapan, dan revitalisasi kanal seperti yang sudah dilakukan di     such as the one used in Rasuna Epicentrum for Cideng River.
kawasan Rasuna Epicentrum untuk sungai Cideng.

Pelestarian Keanekaragaman Hayati                                   Biodiversity Preservation
Langkah konservasi alam dan pemeliharaan keanekaragaman             Nature conservation and biodiversity maintenance measures are
                                                                                                                                        Bakrieland Annual Report 2024




hayati menjadi bagian penting dari komitmen Perseroan               important parts of the Company’s commitment to maintaining
untuk menjaga ekosistem lingkungan hidup di setiap area             the environmental ecosystem in every operational area so
operasional agar tetap terjaga dengan baik. Perseroan menilai       that it remains well maintained. The Company views that
keanekaragaman hayati yang terpelihara dengan baik merupakan        properly maintained biodiversity is a priceless legacy for future
warisan yang tidak ternilai bagi generasi mendatang. Upaya          generations. Environmental conservation efforts are also believed
pelestarian lingkungan hidup juga diyakini menambah nilai bisnis    to contribute business values through their integration into the
dengan mengintegrasikannya ke dalam cara Perseroan berbisnis.       way the Company conducts business.




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                                  Flora                                                              Flora
                                  Perseroan berkomitmen untuk menjaga lingkungan operasional         The Company is committed to maintaining the environment of
                                  Unit Usaha tetap hijau dan asri.                                   Business Units’ operations as continuously green and beautiful.

                                  Di Kalianda Nirwana Resort, Perseroan menjaga konservasi           In Kalianda Nirwana Resort, the Company maintains the mangrove
                                  pohon bakau (mangrove) di lahan seluas 35 Ha agar tetap            conservation spread to a 35 Ha area so that it can consistently
                                  konsisten berkontribusi menghasilkan oksigen dan menyerap          generate oxygen and absorb pollutants. The Company is also
                                  polutan. Perseroan juga konsisten melakukan penanaman pohon,       consistent in planting trees, specifically the Saman (Trembesi)
                                  khususnya pohon Trembesi, yang tidak hanya menjadi peneduh,        trees, which not only serve as shades but also absorb good
                                  tetapi juga penyerap karbon yang baik. Hingga akhir tahun 2024,    carbon. By the end of 2024, the Company has planted 3,155 trees.
                                  Perseroan telah menanam 3.155 pohon.

                                  Perseroan memiliki tempat pembibitan (nursery) yang digunakan      The Company has nurseries used to care for plants, increase
                                  untuk melakukan perawatan tanaman, memperbanyak jenis serta        the types and varieties of plants needed for replanting dead
                                  varietas tanaman yang dibutuhkan untuk penyulaman tanaman          plants, and prepare plants for parks, mini gardens, and vegetation
                                  mati, hingga penyiapan tanaman untuk taman, mini garden, dan       maintenance programs in Green Open Spaces of each of the
                                  program maintenance vegetasi di Ruang Terbuka Hijau (RTH)          Company’s property projects.
                                  pada setiap proyek properti Perseroan.

                                  Pada tahun 2024, Perseroan telah merealisasikan Rp 235.550.000     In 2024, the Company actualized the use of Rp 235.550.000
                                  untuk mengelola seluruh tempat pembibitan.                         to manage all nurseries.

                                  Fauna                                                              Fauna
                                  Sebagai wujud komitmen Perseroan dalam upaya konservasi            As the Company’s form of commitment in its effort to conserve
                                  keanekaragaman hayati terkait fauna, Perseroan memelihara          biodiversity related to fauna, the Company maintains a number
                                  sejumlah satwa di sekitar area properti seperti spesies ikan,      of animal species around the property areas, such as the deer. All
                                  burung, dan mamalia seperti rusa. Semua kegiatan pemeliharaan      fauna conservations are carried out in accordance with applicable
                                  fauna tersebut dilakukan sesuai peraturan yang berlaku.            regulations.

                                  Di tahun 2024, Rivera Outbound & Edutainment (Rivera Bogor)        In the year 2024, the Rivera Outbound & Edutainment (Rivera
                                  yang merupakan taman rekreasi terbaru Perseroan terus              Bogor), the Company’s latest recreational park, continues to
                                  menambah aktivitasnya terkait dengan ecoeducation atau             reinforce activities related to ecoeducation or the needs of today’s
                                  kebutuhan keluarga yang dewasa ini menjadikan edukasi              families to make environmental education a part of teaching
                                  lingkungan sebagai bagian dari pengajaran terhadap anak.           children.

                                  Rivera Bogor telah melengkapi aktivitas ecoeducation dengan        Rivera Bogor has completed ecoeducation activities with
                                  penangkaran rusa timor, kolam ikan endemik Indonesia dan           Timorese deer breeding, Indonesian and international endemic
                                  mancanegara, dan taman kelincinya. Ke depan, Rivera Bogor          fish ponds, and its rabbit park. Going forward, Rivera Bogor will
                                  akan melengkapi koleksi lainnya untuk jenis binatang burung        complete other collections of the various types of birds and
                                  dan binatang melata.                                               reptiles.

                                  Pengelolaan Limbah                                                 Waste Management
Bakrieland Laporan Tahunan 2024




                                  Sebagai Perseroan yang bergerak di bidang properti, Perseroan      As a property company, the Company generates 2 (two) types
                                  menghasilkan 2 (dua) jenis limbah dari kegiatan operasional        of waste from its daily operations, namely solid waste and liquid
                                  sehari-hari, yaitu limbah padat dan limbah cair. Dalam mengelola   waste. In managing solid waste, the Company made appropriate
                                  limbah padat, Perseroan telah melakukan upaya penanganan           handling efforts according to the types and characteristics of each
                                  yang tepat sesuai dengan jenis dan karakteristik dari masing-      waste. The Company also manages liquid waste by optimizing
                                  masing limbah. Perseroan juga mengelola limbah cair dengan         the use of STP system.
                                  mengoptimalkan pemanfaatan sistem STP.

                                  Agar penerapan manajemen limbah dapat berjalan optimal,            For the waste management implementation to be optimally
                                  Perseroan melakukan sosialisasi dan membangun kebiasaan            applied, the Company carries out socialization and encourages
                                  para penghuni properti agar mereka turut mengelola sampah          the habits among property residents so that they also manage

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secara bijak dengan menerapkan metode 3R. Disamping itu,           waste wisely by implementing the 3R method. In addition, the
Perseroan juga bermitra dengan institusi yang secara konsisten     Company also partnered with an institution that consistently
menerapkan kebijakan 3R.                                           applies the 3R policy.

Sejalan dengan inisiatif pengelolaan sampah dengan metode          In line with the waste management initiative using the 3R method,
3R, Perseroan memilah sampah-sampahnya menjadi 4 (empat)           the Company sorts the waste into 4 (four) categories, namely
kategori, yaitu sampah umum (general waste), sampah kertas         general waste, paper waste, plastic waste, and metal waste.
(paper waste), sampah plastik (plastic waste), dan sampah logam    Results of processing all the waste are expected to provide
(metal waste). Hasil dari pengolahan seluruh sampah tersebut       economic benefits for the Company and also the surrounding
diharapkan dapat memberikan manfaat ekonomi bagi Perseroan         community, such as compost fertilizer and recycled plastic and
dan juga masyarakat sekitar, seperti pupuk kompos maupun           metal waste.
sampah plastik dan logam yang didaur ulang.

Aktivitas pemilahan sampah dilakukan Perseroan dengan              The Company conducts waste sorting activities by collaborating
menggandeng rekanan yang sudah biasa bekerja sama, antara          with partners who are used to working together, including the
lain Karang Taruna Mulyaharja di kawasan Bogor Nirwana             Karang Taruna Mulyaharja in the Bogor Nirwana Residence area
Residence dan Provices Indonesia yang mengelola mal di             and Provices Indonesia, which manages the mall in Rasuna
kawasan Rasuna Epicentrum bekerja sama dengan Bank Sampah          Epicentrum in cooperation with the Waste Bank situated around
yang berada di sekitar kawasan.                                    the area.

Setelah menerapkan berbagai inisiatif pengelolaan limbah secara    Following the consistent implementation of various waste
konsisten pada seluruh proses operasional, Perseroan berhasil      management initiatives on all operational processes, the
mencatatkan pengurangan timbulan limbah padat ditahun 2024         Company managed to record a decline in solid waste dump in
dengan dokumentasi sebagai berikut:                                2024, as documented in the table below;


                      Uraian                              Satuan
                                                                               2024                2023                2022
                    Description                            Unit
 Total Limbah Padat yang Dihasilkan                          Kg               656.171             655.178             661.815
 Total Solid Waste Generated


Pada tahun 2024, Perseroan mencatat timbulan limbah padat          In the year 2024, the Company recorded 656.171 kg of solid
sebanyak 656.171 kg, relatif tidak berbeda jauh dari tahun         waste dump, relatively not far different from the previous year
sebelumnya sebesar 655.178 kg.                                     with 655.178 kg.

Sepanjang tahun 2024, Perseroan tidak menghasilkan limbah          Throughout 2024, the Company did not generate hazardous
berbahaya dan tidak terdapat tumpahan yang terjadi di area         waste, and there were no spills in the Company’s project areas
proyek Perseroan akibat kegiatan operasional Perseroan.            due to the Company’s operational activities.

Perseroan juga mempersiapkan rencana untuk melakukan               The Company also prepared plans to perform revitalization of
revitalisasi peralatan pengolahan sampah organic menjadi pupuk     organic waste processing equipment into fertilizer at the Taruna
di Taruna Kompos Bogor untuk dapat menambah pendapatan 13          Kompos Bogor in order to increase the income of 13 local people
orang sekitar yang bekerja di Taruna Kompos. Pelaksanaannya        who work at Taruna Kompos. Implementation of this plan will
akan dilakukan pada tahun 2025.                                    be carried out in 2025.
                                                                                                                                       Bakrieland Annual Report 2024




Kriteria Lingkungan dalan Kebijakan Seleksi                        Environmental Criteria in the Policy on the
dan Evaluasi Pemasok                                               Selection and Evaluation of Suppliers
Perseroan dan seluruh unit usaha memiliki paramater penilaian      The Company and all business units have environmental criteria
kriteria lingkungan dalam proses seleksi dan pemilihan pemasok.    evaluation parameters in the process of selecting and appointing
Dalam menentukan pemasok, Perseroan menilai implementasi           suppliers. In determining the suppliers, the Company assesses
sistem manajemen lingkungan yang dijalankan pemasok, baik          the implementation of the environmental management system
yang mengacu pada standar nasional ataupun internasional.          carried out by suppliers, both of which refer to national and
Selain itu, setiap pemasok yang bekerja atas nama ataupun di       international standards. In addition, each supplier that works

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                                  area operasional Perseroan wajib mengikuti standar operasional       on behalf of any party or the Company’s operational area is
                                  prosedur terkait pengelolaan lingkungan hidup mencakup               obligated to follow the standard operating procedures related
                                  monitoring kinerja lingkungan seperti energi, air, dan pengelolaan   to environmental management which include monitoring
                                  limbah yang berlaku di setiap unit usaha Perseroan.                  environmental performance such as energy, water, and waste
                                                                                                       management applicable in each of the Company’s business unit.

                                  Sampai dengan akhir tahun 2024, Perseroan memiliki sebanyak          Until the end of the year 2024, the Company retained
                                  471 pemasok, dengan lebih dari 89% adalah pemasok yang               471 suppliers, with more than 89% being suppliers who have
                                  sudah menerapkan standar manajemen lingkungan nasional               implemented national or international environmental management
                                  ataupun internasional.                                               standards.

                                  Mekanisme Pengaduan Masalah Lingkungan                               Mechanism for Complaints on Environmental
                                                                                                       Issues
                                  Masyarakat dapat menyampaikan keluhan atau pengaduan terkait         The public may submit complaints or reports related to
                                  permasalahan lingkungan hidup yang terjadi di area properti          environmental issues that occur within the Company’s property
                                  Perseroan melalui kantor Estate Management yang terdapat             areas through the Estate Management office available in each
                                  pada setiap kawasan.                                                 area.

                                  Pada tahun 2024, tidak ada pengaduan resmi terkait aktivitas         In 2024, there were no official complaints related to business
                                  bisnis ataupun denda yang harus dikeluarkan Perseroan terhadap       activities or penalties that must be accounted for by the Company
                                  kerusakan lingkungan.                                                on environmental damage.

                                  Biaya Lingkungan Hidup Tahun 2024                                    Environmental Expenses in 2024
                                  Dalam menerapkan pilar Hijau Secara Menyeluruh (Green                In implementing the Green Through & Through pillar, the
                                  Through & Through), Perseroan memerlukan sejumlah biaya              Company required funds for the management of energy, water,
                                  untuk manajemen energi, air, pengelolaan limbah, perawatan           waste management, and maintenance of water sources such as
                                  sumber air seperti penampungan air hujan, STP dan WWTP,              rainwater ponds, STP, and WWTP, as well as for the reforestation
                                  serta biaya penghijauan.                                             costs.


                                                   2024 (Rp)                                     2023 (Rp)                                    2022 (Rp)
                                                 41.959.075.158                               48,053,732,590                                37,611,474,420




                                  ASPEK KETENAGAKERJAAN                                                MANPOWER ASPECT BUILDING
                                  MEMBANGUN SDM UNGGUL DAN                                             EXCELLENT HUMAN RESOURCES AND
                                  MENCIPTAKAN TEMPAT KERJA YANG                                        CREATING INCLUSIVE, SAFE, AND
                                  INKLUSIF, AMAN, DAN NYAMAN                                           PLEASANT WORK PLACE
Bakrieland Laporan Tahunan 2024




                                  Kesetaraan Kesempatan Kerja                                          Equality in Employment Opportunity
                                  Perseroan senantiasa berusaha menciptakan tempat kerja yang          The Company always strives to create an inclusive working
                                  inklusif dan menghargai keberagaman, bebas diskriminasi, saling      environment and which respects diversity, is free of discrimination,
                                  menghormati, dan menjunjung tinggi Hak Asasi Manusia (HAM).          and has mutual respect and high Human Rights. The Company’s
                                  Komitmen Perseroan terhadap keberagaman sudah diterapkan             commitment to diversity is already applied as of the initial stage in
                                  sejak tahap rekrutmen dengan memberikan kesetaraan                   recruitment by giving equality in job opportunity to all prospective

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kesempatan bekerja kepada semua calon karyawan tanpa             employees without prejudice to ethnicity, religion, or gender
memperhatikan perbedaan suku, agama, maupun gender dari          from each of the employee candidates.
kandidat masing-masing karyawan tersebut.

Perseroan memastikan proses seleksi karyawan diselenggarakan     The Company ensures that the employee selection process
secara transparan dengan berlandaskan pada prinsip               is carried out transparently on the principle of professionalism
profesionalisme sehingga keputusan akhir untuk menerima atau     that final decisions to accept or reject candidates are always
menolak calon karyawan selalu didasarkan pada hasil penilaian    based on objective assessment on fulfilling the qualifications
yang objektif atas pemenuhan kualifikasi yang dibutuhkan         required by the Company.
Perseroan.

Prinsip kesetaraan juga berlaku dalam hal manajemen SDM.         The principle of equality is also applicable in the context of HR
Perseroan memastikan bahwa setiap karyawan memiliki              management. The Company ensures that each employee has
kesempatan sama untuk dapat mengembangkan kariernya di           the same opportunity for career development in the Company as
Perseroan serta memiliki peluang yang setara untuk mendapatkan   well as an equal chance to receive training in accordance with
pelatihan sesuai dengan kebutuhan masing-masing, tanpa           the needs of each individual, without prejudice to the race, age,
membedakan ras, usia, jenis kelamin, agama, atau suku            gender, religion, or ethnicity. The Company believes that diversity
bangsa. Perseroan meyakini keberagaman yang tercipta di          created internally in the organization is a valuable strength to
internal organisasi merupakan kekuatan yang berharga untuk       developing the Company and all Business Units to grow even
membangun Perseroan dan seluruh Unit Usaha agar dapat            stronger in times ahead.
tumbuh lebih kuat di waktu mendatang.

Tenaga Kerja Anak dan Tenaga Kerja Paksa                         Child Labor and Forced Labor
Sejak pertama kali didirikan sampai saat ini, Perseroan tidak    Since it was first established until now, the Company has never
pernah mempekerjakan karyawan dibawah umur dan tidak             employed underage workers nor forced labor practices. In
pernah menerapkan praktik tenaga kerja paksa. Sehubungan         connection with this issue, the company retains the policy to
dengan hal ini, Perseroan memiliki kebijakan untuk merekrut      recruit employees with a minimum age of 18 (eighteen) years as
karyawan dengan batas usia minimal 18 (delapan belas) tahun      regulated in applicable labor laws in Indonesia. The Company
sebagaimana diatur dalam undang-undang ketenagakerjaan           also clearly regulates the employees’ working hours as contained
yang berlaku di Indonesia. Perseroan juga telah mengatur         in the Company Regulations of PT Bakrieland Development Tbk,
secara jelas waktu bekerja karyawan yang dituangkan dalam        and which has been socialized to all employees. To prevent
Peraturan Perusahaan PT Bakrieland Development Tbk, serta        the delivery of misleading information, the Company requires
sudah disosialisasikan kepada semua karyawan. Untuk mencegah     employees to thoroughly read and sign the said Company
terjadinya misleading dalam penyampaian informasi, Perseroan     Regulations as a sign their agreement to the implementation
mewajibkan karyawan untuk membaca dengan seksama dan             of rights and obligations.
menandatangani Peraturan Perusahaan tersebut sebagai tanda
persetujuan atas pelaksanaan hak dan kewajiban bersama.

Remunerasi yang Adil dan Kompetitif:                             Fair and Competitive Remuneration:
Kepatuhan terhadap Upah Minimum                                  Compliance with Regional Minimum Wage
Regional (UMR)
Perseroan memastikan pemberian skema remunerasi yang adil        The Company ensures of providing a fair and competitive
dan kompetitif kepada seluruh karyawan sesuai dengan peraturan   remuneration scheme to all employees in accordance with
                                                                                                                                       Bakrieland Annual Report 2024




dan perundang-undangan yang berlaku. Sebagai bentuk apresiasi    applicable laws and regulations. As a form of appreciation for
atas dedikasi dan kerja keras yang telah dikontribusikan oleh    the dedication and hard work contributed by each employee,
masing-masing karyawan, Perseroan menetapkan skema               the Company determines the remuneration scheme that consists
remunerasi yang terdiri dari gaji pokok, bonus tahunan, cuti,    of basic salary, annual bonus, leave, meal, religious holiday
uang makan, tunjangan hari raya (THR) keagamaan, pengobatan,     allowance, medical, accommodation, housing, overtime, pension
akomodasi, perumahan, lembur, jaminan hari tua, dan lainnya.     plan, and others.

Selain memberikan remunerasi, Perseroan juga menyediakan         Aside from remuneration, the Company also provides non-
fasilitas dan manfaat non-tunai bagi karyawan yang jenis dan     cash facilities and benefits for employees, of which the types
besarannya disesuaikan dengan jenjang jabatan karyawan serta     and amounts depend on the employee’s job level as well as

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                                  mempertimbangkan kompetensi dan kinerja setiap karyawan.          consideration of the competency and performance of each
                                  Sesuai dengan komitmen terhadap keberagaman, Perseroan            employee. In line with the commitment to diversity, the Company
                                  tidak membedakan upah atau gaji pokok yang diterima oleh          does not differentiate the received wages or basic salaries
                                  karyawan laki-laki dan perempuan untuk memastikan keadilan        between male and female employees to ensure gender equality.
                                  gender dalam pengupahan. Kebijakan ini diterapkan sebagai         This policy is applied as a form of implementing the principle of
                                  bentuk implementasi dari prinsip kesetaraan yang dijunjung        equality held high by the Company.
                                  tinggi oleh Perseroan.

                                  Sementara itu untuk memastikan remunerasi yang ditawarkan         Meanwhile, to ensure remuneration offered to employees remains
                                  kepada karyawan tetap kompetitif dibandingkan dengan peers,       competitive compared to other peers, the Company hold annual
                                  Perseroan mengadakan program external salary survey setiap        external salary survey conducted by an independent survey
                                  tahun yang dilakukan oleh badan survei independen untuk           agency to be informed if the remuneration level provided by the
                                  mengetahui apakah tingkat remunerasi yang diberikan telah         Company is in accordance with the property industry standards.
                                  sesuai dengan standar industri properti.

                                  Jaminan Manfaat Kesehatan dan                                     Guaranteed Health and Safety Benefits
                                  Keselamatan Bagi Karyawan                                         for Employees
                                  Dalam rangka meningkatkan iklim kerja yang produktif maka         In the effort to improve a working climate that is productive, thus,
                                  selain menawarkan skema remunerasi yang adil dan menarik,         aside from offering a fair and attractive remuneration package,
                                  Perseroan juga berusaha meningkatkan kualitas kesejahteraan       the Company also strives to improve the quality of the employees
                                  hidup karyawannya dengan memberikan jaminan kesehatan             welfare by providing health and safety insurance through the
                                  dan keselamatan melalui program yang dikelola oleh Badan          program managed by the Social Security Administration Agency,
                                  Penyelenggara Jaminan Sosial (BPJS), yaitu BPJS Ketenagakerjaan   namely the Manpower BPJS that covers Work Accident Insurance,
                                  mencakup Jaminan Kecelakaan Kerja (JKK), Jaminan Kematian         Death Insurance and Pension Plan, and also BPJS Health which
                                  (JKM), dan Jaminan Hari Tua (JHT), BPJS Kesehatan mencakup        covers Outpatient and Inpatient Care, as well as Pension Savings
                                  Rawat Jalan dan Rawat Inap, serta Asuransi Tabungan Pensiun       Insurance for permanent employees.
                                  bagi karyawan tetap.

                                  Pelatihan dan Pengembangan Karyawan                               Employee Training and Development
                                  Keberhasilan Perseroan dalam menjalankan kegiatan operasional     The Company’s success in optimally conducting operational
                                  yang optimal tidak lepas dari peran dan dukungan karyawan yang    activities is closely related to the role and support of the
                                  telah menunjukkan kemampuan dalam beradaptasi terhadap            employees who have shown their ability to adapt to all forms
                                  segala bentuk tantangan bisnis serta telah menjalankan tugas      of business challenges as well as to carry out all duties and
                                  dan tanggung jawabnya dengan baik. Untuk menjaga kualitas         responsibilities appropriately. To maintain the quality and
                                  dan kompetensi dari masing-masing karyawan, Perseroan telah       competency of each employee, the Company sets up continuous
                                  merancang program pendidikan dan pengembangan kompetensi          educational and competency development programs held by
                                  yang berkelanjutan yang diselenggarakan secara inhouse.           in-house.

                                  Lingkungan Bekerja yang Layak dan Aman                            Proper and Safe Working Environment
                                  Perseroan mendukung penuh upaya pembentukan                       The Company fully supports efforts to create a proper and safe
                                  lingkungan kerja yang layak dan aman bagi karyawan dengan         working environment for employees by prioritizing the aspect of
                                  memprioritaskan aspek Keselamatan dan Kesehatan Kerja             Occupational Health and Safety (OHS) in carrying out operational
Bakrieland Laporan Tahunan 2024




                                  (K3) dalam pelaksanaan aktivitas operasional. Komitmen            activities. The Company’s commitment on this matter is indicated
                                  Perseroan akan hal ini ditunjukkan melalui penerapan kebijakan    through the implementation of the set policies and procedures
                                  dan prosedur K3 yang disusun dengan mengacu pada UU               concerning OHS, which refers to Law No. 1 of the year 1970 and
                                  No. 1 tahun 1970 tentang Keselamatan dan Kesehatan Kerja dan      Minister of Manpower Regulation No. 5 of the year 1996 regarding
                                  Peraturan Menteri Tenaga Kerja No. 5 tahun 1996 tentang Sistem    the Occupational Health and Safety Management System. The
                                  Manajemen Keselamatan dan Kesehatan Kerja. Kebijakan umum         OHS general policy in the Company serves as a general guideline
                                  K3 di Perseroan menjadi panduan umum bagi seluruh Anak            for all Subsidiaries and business units in planning, implementing,
                                  Perusahaan dan unit bisnis dalam merencanakan, menerapkan,        and supervising the OHS program and performance.
                                  serta melakukan pengawasan program serta kinerja K3.




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Untuk menekan angka kecelakaan kerja, Perseroan berkomitmen         To press down the number of work accidents, the Company
untuk menerapkan praktik K3 seoptimal mungkin serta secara          is committed to implementing OHS practices as optimally as
konsisten mensosialisasikan budaya K3 kepada seluruh karyawan       possible as well as consistently socializing the culture of OHS
dan juga setiap orang yang bekerja di wilayah operasional.          to all employees and also to each individual that works in the
Inisiatif ini dilakukan untuk memastikan bahwa seluruh kegiatan     operational areas. Such an initiative is carried out to ensure that
operasional, prosedur, dan sistem kerja yang diterapkan             all operational activities, procedures, and work systems applied
Perseroan telah sesuai dengan standar K3 dan dijalankan secara      by the Company are in accordance with OHS standards and
sungguh-sungguh oleh setiap individu.                               sincerely implemented by each individual.

Selain itu, Perseroan juga menyediakan berbagai fasilitas,          Furthermore, the Company also provides various facilities, work
peralatan, dan perlengkapan kerja yang memenuhi standar K3          equipment, and supplies that meet the OHS standards in all areas
di semua area operasi. Melalui implementasi K3 yang optimal,        of operation. Through the optimal implementation of OHS, the
Perseroan dan seluruh Unit Usaha terbukti dapat memberikan          Company and all Business Units have proven to show maximum
kinerja yang maksimal.                                              performance.

Setiap tahun, Perseroan telah melaksanakan berbagai program         Each year, the Company implements various programs
dan inisiatif terkait K3 dan Ketengakerjaan sebagai wujud           and initiatives related to OHS and Employment as a form of
implementasi dari pilar keberlanjutan “It’s about People”, di       implementation of the sustainability pillar ”It’s About the People”,
antaranya:                                                          among others, as follows:

Komite & Forum K3                                                   OHS Committee & Forum
Perseroan memiliki Komite Khusus di setiap Unit Usaha yang          The Company retains a Special Committee in each Business Unit
bertanggung jawab untuk memastikan terlaksananya praktik K3         responsible for ensuring the implementation of comprehensive
secara komprehensif di masing-masing Unit Usaha. Beberapa           OHS practices in each Business Unit. Several subsidiaries of
anak Perseroan juga memiliki Komite Khusus bernama Panitia          the Company also have Special Committees referred to as the
Persiapan Kesehatan dan Keselamatan Kerja (P2K3) dan                Occupational Health and Safety Preparation Committee (OHSPC)
Emergency Response Team (ERT). Komite-komite tersebut               and the Emergency Response Team (ERT). These committees
melibatkan Direksi terutama untuk menjalankan fungsi kesehatan,     involve the Board of Directors, especially to carry out the functions
keselamatan dan lingkungan hidup. Pembentukan komite-komite         of health, safety and environment. The formation of these special
khusus ini dimaksudkan untuk meminimalisir risiko kerja yang        committees is intended to minimize working risks that arise in
muncul di wilayah operasional. Untuk mencapai target kinerja        operational areas. To optimally reach OHS performance targets,
K3 yang optimal, Perseroan juga senantiasa menjadikan topik         the Company also constantly places OHS issues as one of the
K3 sebagai salah satu agenda pembahasan rutin di berbagai           agenda items for routine discussion in various internal and
forum pertemuan internal dan eksternal.                             external meetings.

Fokus Program K3, Implementasi, dan Pencapaian                      Focus on OHS Program, Program Implementation
Program di Berbagai Unit Usaha                                      and Achievement in Various Business Units
Perseroan telah melakukan identifikasi dan klasifikasi atas 11      The Company has identified and classified 11 types of work with
tipe pekerjaan yang memiliki potensi risiko fatal, serta meninjau   fatal risk potential, as well as reviewed the standards, work
ulang standar, petunjuk pelaksanaan kerja, kriteria audit dan       implementation instructions, audit criteria, and work training to
pelatihan kerja untuk mempertahankan kinerja operasi yang           optimally maintain operational performance and zero accidents.
optimal dan nihil kecelakaan (zero accident). Program K3            The Company’s OHS program is focused on 4 (four) areas, namely
Perseroan difokuskan pada 4 (empat) area, yaitu proses, material,   process, material, human resources and equipment. Business
                                                                                                                                            Bakrieland Annual Report 2024




tenaga kerja, dan alat. Unit-Unit Usaha juga secara konsisten       Units also consistently implement a number of OHS programs,
melaksanakan sejumlah program K3 seperti simulasi evakuasi          such as fire and earthquake evacuation simulations, Light Fire
kebakaran dan gempa bumi, inspeksi rutin Alat Pemadam Api           Extinguisher routine inspection, and safety management for the
Ringan (APAR), pengelolaan keselamatan untuk penggunaan             use of property facilities and equipment.
fasilitas dan peralatan properti.




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                                  Menjamin Ketersediaan Alat Pelindung Diri (APD)                    Assurance on the Availability of Personal
                                                                                                     Protective Equipment (PPE)
                                  Upaya Perseroan dalam memastikan hadirnya lingkungan kerja         The Company’s efforts to ensure a safe working environment for
                                  yang aman bagi karyawan diwujudkan melalui penyediaan              employees are manifested through the availability of Personal
                                  Alat Pelindung Diri (APD) di masing-masing Unit Usaha.             Protective Equipment (PPE) at each Business Unit. The Company
                                  Perseroan memastikan kecukupan jenis dan jumlah APD, serta         ensures the adequacy of the types and number of PPE, as well
                                  mewajibkan seluruh karyawan yang bekerja di area operasi agar      as requiring employees who work in operational areas to always
                                  selalu mengenakan APD sesuai dengan standar nasional dan           wear PPE in accordance with applicable national and international
                                  internasional yang berlaku. Perseroan menjamin hak seorang         standards. The Company guarantees the rights of an employee
                                  karyawan untuk menolak mengerjakan suatu pekerjaan jika            to refuse to carry out a task if it does not meet the Company’s
                                  tidak memenuhi persyaratan kesehatan dan keselamatan kerja         occupational health and safety requirements, including if the
                                  Perseroantermasuk jika kelengkapan APD yang diprasyaratkan         required PPE is not available.
                                  tidak tersedia.

                                  Program dan Kegiatan K3 Tahun 2024                                 OHS Program and Activities in 2024
                                  Sepanjang tahun 2024, masing-masing Unit Usaha Perseroan           Throughout the year 2024, each of the Company’s Business Unit
                                  telah menunjukkan komitmen penuhnya dalam menerapkan pilar         has shown full commitment to implementing the sustainability
                                  keberlanjutan di bidang K3 yang tercermin dari pelaksanaan         pillar on OHS as reflected in the implementation of various OHS
                                  berbagai kegiatan K3.                                              activities.

                                  Kinerja K3 Tahun 2024                                              OHS Performance in 2024
                                  Perseroan mewajibkan semua karyawan untuk melaporkan               The Company requires all employees to report every work
                                  setiap kecelakaan kerja yang terjadi di wilayah operasional        accident that occurs in the operation areas to their respective
                                  kepada atasan masing-masing. Perseroan juga berkerja sama          supervisor. The Company also works together with health
                                  dengan institusi kesehatan yang berada di sekitar properti untuk   institutions available in the property’s surrounding area to obtain
                                  mendapatkan dukungan kemudahan penanganan saat terjadinya          support for easy handling when an incident occurs. In several
                                  insiden. Di beberapa lokasi properti, Perseroan juga memiliki      property locations, the Company also retains clinics for first aid
                                  klinik sebagai tempat penanganan pertama sebelum dirujuk ke        treatment before subsequently referring to the hospital if the
                                  rumah sakit apabila insiden membutuhkan penanganan lebih           incident requires further treatment. All work incidents are properly
                                  lanjut. Seluruh kejadian kecelakaan kerja terdokumentasikan        documented and surely serve as material for evaluation and
                                  dengan baik dan tentunya dijadikan sebagai bahan evaluasi          follow-up correction.
                                  dan aksi koreksi selanjutnya.

                                  Berikut adalah data kecelakaan kerja karyawan di area operasi      Below is a list of employee work incidents that occurred in
                                  sepanjang tahun 2024:                                              operational areas during the year 2024:


                                                                                                            Jumlah Insiden
                                             Tipe Insiden                                                  Number of Incident
                                            Type of Incident
                                                                                  2024                            2023                              2022
                                   Near Misses                                     618                             433                               1.001
                                   Insiden Ringan                                   38                              49                                61
Bakrieland Laporan Tahunan 2024




                                   Minor (Non-Recordable) Incident
                                   Insiden Berat                                     4                              2                                  0
                                   Major (Recordable) Incident
                                   Kematian                                          0                              0                                  0
                                   Fatalities

                                  Berdasarkan informasi pada tabel di atas, pada tahun 2024,         Based on information from the above table, in 2024, the Company
                                  Perseroan berhasil mencatatkan zero fatalities (tanpa kematian)    managed to record zero fatalities in all property areas. This record
                                  di seluruh area kawasan. Catatan ini merupakan wujud komitmen      is a form of the Company’s commitment to providing comfort
                                  Perseroan dalam memberikan kenyamanan dan keamanan bagi            and safety to employees in their working environment.
                                  para karyawan di lingkungan kerja.


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Keberhasilan Perseroan dalam menjaga angka kecelakaan zero            The success of the Company in maintaining zero fatalities in
fatalities di semua area operasi tentunya didukung oleh komitmen      all operational areas has surely been supported by the high
tinggi dari seluruh karyawan yang senantiasa mengedepankan            commitment from all employees who always put forward the
aspek keselamatan dan keamanan dalam bekerja. Pada tahun              aspects of safety and security at work. In 2024, the Company
2024, Perseroan kembali membekali karyawan dengan berbagai            has again equipped its employees with various OHS training
jenis pelatihan K3 dan sebanyak 7 karyawan sudah tersertifikasi K3.   and 7 employees have been OHS certified.



ASPEK MASYARAKAT TUMBUH DAN                                           COMMUNITY ASPECT GROW AND
BERKEMBANG BERSAMA MASYARAKAT                                         DEVELOP TOGETHER WITH THE
DAMPAK OPERASI TERHADAP                                               COMMUNITY IMPACT OF OPERATIONS
MASYARAKAT SEKITAR                                                    ON SURROUNDING COMMUNITY




Sesuai dengan prinsip bisnis berkelanjutan, Perseroan berusaha        In line with the principles of business continuity, the Company
berangkat dari semangat tersebut, Perseroan mencoba mengukir          strives to start from this spirit to carve a strong meaning of
makna keberlanjutan yang kuat ditengah masyarakat dengan              sustainability in the community by supporting economic
mendukung kemandirian perekonomian di wilayah operasional             independence in operational areas through opening up
melalui pembukaan lapangan kerja bagi masyarakat lokal dan            employment opportunities for local communities and opening
membuka peluang usaha yang lebih besar bagi para pelaku Usaha         greater business opportunities for Small and Medium Sized
Kecil Menengah (UKM) untuk dapat menjadi rekanan atau mitra           Enterprises (SMEs) to become work partners of the Company.
kerja Perseroan. Dalam merekrut putra/i daerah, Perseroan tetap       In recruiting local youths, the Company continues to pay attention
memperhatikan pemenuhan kualifikasi dan kompetensi yang               to fulfilling the qualilfications and competencies required by each
diperlukan oleh masing-masing Unit Usaha untuk mendukung              Business Unit to support its business development. Aside from
pengembangan bisnisnya. Selain menyalurkan dampak ekonomi             channeling economic impact to the local residents, the Company
bagi warga setempat, Perseroan juga berusaha memberikan               also tries to continually provide positive contributions to the
kontribusi positif yang berkelanjutan kepada masyarakat sekitar       surrounding community through the Company’s CSR programs in
melalui program-program CSR Perseroan di bidang sosial atau           the community social or empowerment that are right on target so
pemberdayaan masyarakat yang tepat sasaran agar tercipta              that strong and appropriate relationships with local communities
hubungan yang kuat dan baik dengan komunitas lokal.                   are established.

Kegiatan Community Development                                        Bakrieland’s Community Development
Bakrieland                                                            Activities
Sebagai wujud implementasi atas pilar keberlanjutan “It’s the         As a form of implementation of the sustainability pillar ”It’s About
People”, pada tahun 2024, Perseroan kembali menjalankan               the People”, in 2024, the Company again conducted a community
program community development dengan pelaksanaan dilakukan            development program executed by the Business Units:
                                                                                                                                             Bakrieland Annual Report 2024




oleh Unit Usaha:

Kegiatan Community Development-Unit                                   Community Development Activity-
Usaha                                                                 Business Units
Masing-masing Unit Usaha Perseroan secara konsisten                   Each of the Company’s Business Unit consistently and
dan berkelanjutan menyelenggarakan berbagai program                   continuously carried out various community development
community development sesuai dengan 3 (tiga) fokus utama,             program in line with the 3 (three) main focuses, namely Education,
yaitu Pendidikan, Lingkungan, dan Sosial. Berikut ini adalah          Environment, and Social. Following are a number of community
beberapa program community development yang dijalankan                development programs conducted by the business units during
oleh unit usaha selama 2024:                                          the year 2024:

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                                  Kawasan Rasuna Epicentrum                                              Rasuna Epicentrum
                                  Kawasan Rasuna Epicentrum melaksanakan program CSR                     The Rasuna Epicentrum’s CSR program of Kampung Makmur
                                  Kampung Makmur yang bertujuan untuk meningkatkan                       (meaning Prosperous Village) aims at improving the welfare
                                  kesejahteraan masyarakat melalui pemberian bantuan dan                 of the community through providing assistance and programs
                                  program di bidang keagamaan, sosial, dan ekonomi. Dalam                in the fields of religion, social, and economy. In running the
                                  melaksanakan program Kampung Makmur, PT Bakrie Swasakti                Kampung Makmur program, PT Bakrie Swasakti Utama (BSU),
                                  Utama (BSU) selaku pengelola kawasan Rasuna Epicentrum                 as the management of the Rasuna Epicentrum area periodically
                                  secara berkala melakukan kerja sama dengan masyarakat                  works together with the surrounding community, both through
                                  sekitar, baik melalui Masjid Al-Bakrie maupun melalui Yayasan          the Al-Bakrie Mosque as well as through the Bakrie Amanah
                                  Bakrie Amanah.                                                         Foundation.

                                  Pada tahun 2024, Kawasan Rasuna Epicentrum telah menjalankan           In 2024, Rasuna Epicentrum carried out its CSR programs as
                                  program CSR berikut ini:                                               follows:


                                                                Jenis Program                                                      Pencapaian
                                                               Type of Program                                                     Achievement
                                   Memfasilitasi 1 PAUD untuk beroperasi agar anak-anak sekitar ikut     Setiap tahunnya PAUD mendidik lebih dari 20 anak
                                   merasakan pendidikan usia dini
                                   Facilitate 1 Early Childhood Care and Education to operate so that    Early Childhood Care and Education center annually educates
                                   children in the surrounding community have access to experience       more than 20 children.
                                   early childhood education.
                                   Meneruskan program fasilitas 1 mobil ambulan yang digunakan           Melayani ratusan penerima manfaat yang berasal dari masyarakat
                                   sebagai pelayanan pengantaran jenazah ke tempat penguburan            sekitar dan seluruh penghuni kawasan Rasuna Epicentrum
                                   Continue the program to facilitate 1 ambulance vehicle used as a      Assisted hundreds of residents from the surrounding community
                                   service to transport the deceased for funeral purposes (to burial     around Rasuna Epicentrum as recipients of donation benefits
                                   site).
                                   Penyediaan mobil klinik                                               Sudah melayani ratusan penerima manfaat yang berasal dari
                                                                                                         masyarakat sekitar dan seluruh penghuni kawasan Rasuna
                                                                                                         Epicentrum
                                   Facilitate clinic vehicle                                             Assisted hundreds of donation recipients from the surrounding
                                                                                                         community and residents of Rasuna Epicentrum.
                                   Bekerja sama dengan posyandu setempat untuk                           Pelayanan posyandu melayani lebih dari 30 anak
                                   mensejahterakan balita dan manula
                                   Cooperation with local integrated community services facilities for   Assisted more than 30 children with services from the integrated
                                   the welfare of children and senior residents.                         community services facility.
                                   Pemberian hewan Qurban saat Idul Adha                                 Pembagian Qurban di Masjid Al-Bakrie untuk puluhan warga
                                                                                                         sekitar
                                   Provide the contribution of the Qurban sacrificial animal during      Distributed sacrificial Qurban meat at Al-Bakrie Mosque to
                                   Eid Al-Adha.                                                          residents of the local community.
                                   Memberikan kesempatan kepada UKM untuk berusaha di                    Puluhan UKM mendapatkan kesempatan berusaha di kawasan
                                   kawasan
                                   Provide opportunities for SMEs to do business within the property     Tens of SMEs received the opportunity to conduct business within
                                   areas                                                                 the property area.
                                   Penyelenggaraan Olimpiade Anak Islam                                  Mengedukasi puluhan anak di bidang keagamaan
                                   Organize and hold the Olympics for Muslim Children.                   Educated tens of children on religion.
Bakrieland Laporan Tahunan 2024




                                   Penyelenggaraan Khitanan untuk anak                                   Meningkatkan kesehatan ratusan anak
                                   Organize and held circumcision program for children.                  Improved the health of hundreds of children.
                                   Donor Darah                                                           Puluhan kantong darah berhasil dikumpulkan
                                   Blood Donor                                                           Tens of blood bags were collected from donors



                                  Kawasan Kalianda Nirwana Resort (KNR)                                  Kalianda Nirwana Resort (KNR)
                                  PT Krakatau Lampung Tourism Development (KLTD) selaku Anak             PT Krakatau Lampung Tourism Development (KLTD), as a
                                  Perusahaan yang mengelola kawasan KNR telah mengembangkan              Subsidiary that manages the KNR area, has developed the
                                  konsep “Agroforestry Park” untuk meningkatkan sektor pariwisata        concept of ”Agroforestry Park” to improve the tourism sector
                                  dan mendorong kemandirian ekonomi di daerah tersebut. Pada             and encourage local economic independence. In 2024, the KLTD

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tahun 2024, Unit Usaha KLTD telah menjalankan program CSR             Business Unit conducted its CSR program on the Environment
di bidang Lingkungan dan Sosial, antara lain:                         and Social aspects, including the following:


                           Jenis Program                                                        Pencapaian
                          Type of Program                                                       Achievement
 Penanaman tanaman bakau secara berkala untuk mencapai               Telah ditanam lebih dari 16.000 pohon bakau di seluruh kawasan
 target penanaman bakau seluas 35 Ha untuk menyelamatkan             Kalianda Nirwana Resort
 pantai Kalianda dari abrasi laut dengan melibatkan berbagai
 stakeholders
 Routine planting of mangroves to achieve the target of 35           More than 16,000 mangroves were planted throughout the Kallian
 hectares of mangroves to save Kalianda beach from sea abrasion      Nirwana Resort area.
 by involving various stakeholders.
 Pemberian hewan Qurban saat Idul Adha                               Terselenggaranya pemberian Qurban di masjid sekitar yang
                                                                     memberikan manfaat bagi puluhan warga sekitar
 Provide the contribution of the Qurban sacrificial animal during    Distributed sacrificial Qurban meat in the local mosque, providing
 Eid Al-Adha                                                         benefits to local residents.
 Memberikan kesempatan kepada UKM untuk berusaha di                  Sebanyak 10 (sepuluh) UKM mendapatkan kesempatan berusaha
 kawasan                                                             di kawasan
 Provide opportunities for SMEs businesses within the property       Around 10 (ten) SMEs were given the opportunity to operate
 areas                                                               businesses within the property area.
 Pemeriksaan kesehatan gratis untuk masyarkat sekitar                Diikuti oleh puluhan orang dari masyarakat sekitar
 Free medical examination for surrounding community members          Tens of local residents received benefits from this service



Kawasan Bogor Nirwana Residence                                       Bogor Nirwana Residence
Bogor Nirwana Residence dikelola oleh PT Graha Andrasentra            Bogor Nirwana Residence is managed by PT Graha Andrasentra
Propertindo Tbk (GAP) dengan mengusung konsep “Desa                   Propertindo Tbk (GAP) carrying the concept of “Desa Mandiri
Mandiri Bertakwa”. Pengelolaan Kawasan BNR bertujuan untuk            Bertakwa” with the purpose of accomodating the economic needs
mengakomodasi kebutuhan ekonomi masyarakat dengan tetap               of the community while still putting forward the spiritual aspect
mengedepankan sisi spritual yang telah menjadi ciri khas              that is characteristic of the society. In 2024, through the GAP
masyarakatnya. Pada tahun 2024, Perseroan melalui Unit Usaha          Business Unit, the Company executed various CSR programs
GAP sudah menjalankan berbagai program CSR seperti:                   such as the following:


                   Jenis Program                                                       Pencapaian
                  Type of Program                                                      Achievement
 Meneruskan kerja sama dengan Taruna Kompos           · Sudah lebih dari 300 ton sampah organik dikelola Taruna Kompos
 dalam pemanfaatan sampah organik menjadi             · Menambah penghasilan 13 orang dengan rata-rata mencapai Rp 1 juta / bulan /
 kompos                                                 orang
 Continue cooperation with Taruna Kompos in           · More than 300 tons of organic waste were managed by Taruna Kompos
 utilizing organic waste into compost.                · Increased the income of 13 individuals with an average of Rp1 million/month/
                                                        person.
 Meneruskan upaya membina 8 PAUD yang            Setiap tahun, PAUD mendidik lebih dari 190-an anak
 berada di bawah naungan BNR
 Continue efforts to develop 8 Early Childhood   Every year, PAUD teaches more than 190 children.
 Care and Education (PAUD) under the supervision
 of BNR.
                                                                                                                                          Bakrieland Annual Report 2024




 Pemberian hewan Qurban saat Idul Adha                Pembagian Qurban di Masjid Roosniyah Al-Bakrie untuk ratusan warga sekitar
                                                      sebagai penerima manfaat
 Distribute Qurban sacrificial animals during Eid     Distribute Qurban sacrificial animal meat at Roosniyah Al-Bakrie Mosque for
 Al-Adha.                                             hundreds of residents of the surrounding community as recipients.
 Donor darah                                          Puluhan kantong darah berhasil dikumpulkan
 Blood Donor                                          Tens of blood bags were collected from donors.




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                                                     Jenis Program                                                         Pencapaian
                                                    Type of Program                                                        Achievement
                                   Memberikan kesempatan kepada UKM untuk               Puluhan UKM mendapatkan kesempatan berusaha di kawasan
                                   berusaha di kawasan
                                   Provide the opportunity for ESMs to do business      Tens of SMEs received the opportunity to do business in the property area.
                                   within the property area.
                                   Program Anak Ceria                                   Puluhan anak dari masyarakat sekitar diberikan kebahagaan dengan diberikan
                                                                                        kesempatan untuk bermain di taman rekereasi dan diberikan peralatan sekolah.
                                   Happy Children Program                               Tens of children from the nearby community were invited to have fun with games
                                                                                        and sports at the recreational park and were given school supplies.


                                  Kawasan Awana, Yogyakarta                                               Awana, Yogyakarta
                                  Kawasan Awana Yogyakarta dikelola oleh Unit Usaha, The Alana            The Awana Yogyakarta area is managed by Business Unit, The
                                  Malioboro Hotel and Conference Center. Pengelolaan area ini             Alana Malioboro Hotel and Conference Center. The management
                                  bertujuan untuk memastikan masyarakat yang tinggal di wilayah           of this area ensures that residents of the community surrounding
                                  sekitar operasional mendapatkan manfaat positif baik dari segi          the property operations receive positive benefits in both in
                                  ekonomi maupun sosial. Berbagai program CSR yang telah                  economic and social aspects. Various CSR programs carried
                                  dilakukan Unit Usaha ini ditahun 2024, antara lain:                     out by the Business Unit in 2024 are as follows:


                                                             Jenis Program                                                          Pencapaian
                                                            Type of Program                                                         Achievement
                                   Memberikan kesempatan kepada pengusaha kecil untuk                     Sebanyak 3 UKM mendapatkan kesempatan berusaha di
                                   berdagang cinderamata khas Yogyakarta di area hotel                    Kawasan
                                   Provide opportunities for small-scale businesses to sell               3 SMEs received the opportunity to do business within the
                                   Yogyakarta unique handicrafts within the hotel area                    property area.
                                   Memberikan kesempatan kepada pengayuh becak motor,                     Sebanyak 5 pengayuh becak mendapatkan kesempatan
                                   kendaraan lokal khas Yogyakarta, untuk berada di area hotel agar       berusaha di kawasan
                                   pelanggan hotel yang ingin berkeliling kota dimudahkan
                                   Provide opportunities for drivers of motorbike rickshaws               5 becak drivers were given the opportunity to make some
                                   (“becak”), a typical local Yogyakarta motor vehicle, to be available   earnings from driving guests around the city.
                                   in the hotel area and ready to serve customers who wish to tour
                                   around the city.
                                   Pemberian hewan Qurban saat Idul Adha                                  Pembagian Qurban ke tokoh-tokoh masyarakat setempat
                                   Distribute Qurban sacrificial animal meat during Eid Al-Adha.          Distributes Qurban sacrificial animal meat to community public
                                                                                                          figures

                                   Pembangunan Infrastruktur Masjid                                       Membantu 2 Masjid, Masjid Ngadinegaran dan Danuregan,
                                                                                                          menyelesaikan Pembangunan Masjid.
                                   Development of Mosque infrastructure                                   Assisted 2 Mosques,, namely Ngadinegaran and Danuregan
                                                                                                          Mosques, and completed the development of the Mosques.



                                  Relawan Bakrieland                                                      Bakrieland Volunteers
                                  Dalam setiap pelaksanaan program community development,                 In each community development program implementation, the
                                  Perseroan senantiasa melibatkan peran aktif karyawan agar               Company always involves the active role of the employees so
Bakrieland Laporan Tahunan 2024




                                  masing-masing individu memiliki kepedulian yang tinggi untuk            that each individual has a high level of concern to contribute
                                  berkontribusi bagi masyarakat. Inisiatif ini diwujudkan Perseroan       to the community. This initiative is manifested by the Company
                                  melalui program “Relawan Bakrieland”, yang sejalan dengan               through the “Bakrieland Volunteers” program in line with the
                                  prinsip Trimatra Bakrie.                                                Trimatra Bakrie principle.

                                  Mendukung Keberlanjutan Usaha                                           Supporting Sustainable Business of Local
                                  Pemasok Lokal                                                           Suppliers
                                  Dalam meningkatkan potensi-potensi perekonomian masyarakat              In increasing the community’s economic potential to advance local
                                  untuk memajukan pertumbuhan ekonomi lokal di sekitar wilayah            economic growth around the operational areas, the Company
                                  operasional, Perseroan membuka kesempatan atau peluang                  opens up the opportunity to collaborate with local suppliers
                                  kerja sama pemasok lokal sebagai mitra Perseroan. Sepanjang             as partners of the Company. Throughout the year 2024, the

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tahun 2024, total nilai pembelian Perseroan kepada pemasok            Company’s total purchase value from local suppliers reached
lokal mencapai Rp62.146.416.584 miliar atau 36% dari total nilai      Rp62,146,416,584 billion or 36% of the Company’s total purchase
pembelian Perseroan di tahun 2024. Berikut ini adalah data nilai      value in 2024. Following is data on the purchase value to local
pembelian kepada pemasok lokal berdasarkan area operasional           suppliers based on operational areas in the last three years:
selama tiga tahun terakhir:


                                                                 Nilai Pembelian kepada Pemasok Lokal
               Area                                                 Purchase Value to Local Suppliers
                                              2024 (Rp)                          2023 (Rp)                        2022
 Jakarta                                  22.389.201.742                    39.128.056.697                   41.418.068.322
 Bogor                                    25.818.673.439                    23.575.728.960                   17.475.348.490
 Lampung                                   5.500.535.581                      1.936.195.686                   3.358.297.787
 D.I Yogyakarta                            8.400.322.638                      7.157.986.027                  5.755.074.943
 Jumlah
                                           62.146.416.584                    71.797.967.269                  67.637.493.017
 Total


Media Pengaduan Masyarakat                                            Public Complaint Media
Perseroan menugaskan Estate Management di setiap Kawasan              The Company assigns the Estate Management of each Area to
untuk menangani keluhan dan teguran masyarakat terkait                handle public complaints and reprimands regarding operational
kegiatan operasional yang dijalankan Perseroan ataupun Unit           activities carried out by the Company or Business Units. The
Usaha. Perseroan senantiasa mengutamakan jalur musyawarah             Company always prioritizes deliberation in handling complaints
dalam menangani aduan atau keluhan yang disampaikan                   or grievances submitted by the public through mediation and
masyarakat dengan melakukan mediasi dan memastikan setiap             ensuring that every problem is managed/resolved with the best
persoalan terkelola/terselesaikan dengan solusi terbaik sesuai        solution in accordance with applicable internal procedures.
dengan prosedur internal yang berlaku.

Selama periode pelaporan tahun 2024, tidak terdapat pengaduan         During the reporting period of 2024, there were no complaints
dari masyarakat.                                                      from the public.

Realisasi Anggaran Pengembangan                                       Realization of Community Development
Masyarakat                                                            Budget
Pada tahun 2024, Perseroan telah mendistribusikan dana untuk          In the year 2024, the Company distributed funds allocated for
berbagai program pengembangan masyarakat di seluruh area              various community development programs in all operational
operasional sebesar Rp1.735.396.000.                                  areas totaling to Rp1.735.396.000.


                                                                          Realisasi Anggaran
                                                                          Budget Realization
                  Bidang
 No                                           2024                                2023                            2022
                   Field
                                      Nilai                              Nilai                            Nilai
                                                          %                                   %                               %
                                      Value                              Value                            Value
  A      Pendidikan
                                    60.600.000                3,49%    20.950.000                 1,61%   56.781.970              6,53%
                                                                                                                                          Bakrieland Annual Report 2024




         Education
  B      Lingkungan
                                      9.000.000               0,52%       525.000                 0,04%           0               0,00%
         Environment




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                                  Integrated Corporate Social Responsibility/Sustainability Report




                                                                                                         Realisasi Anggaran
                                                                                                         Budget Realization
                                                 Bidang
                                   No                                          2024                              2023                               2022
                                                  Field
                                                                      Nilai                             Nilai                              Nilai
                                                                                         %                                  %                                 %
                                                                      Value                             Value                              Value
                                    C    Bidang Sosial
                                                                   1.203.796.000          69,37%      994.372.275           76,50%       787.601.000          90,59,%
                                         Social Sector
                                         Olahraga, Kesehatan,
                                         dan Kesenian                105.710.000             6,09%     115.452.275              8,88%   256.600.000            29,52%
                                         Sports, Health and Arts
                                         Keagamaan
                                                                   1.076.586.000         62,04%       876.920.000            67,46%     523.501.000            60,22%
                                         Religion
                                         Bencana Alam
                                                                               0               0%       2.000.000               0,15%      7.500.000              0,86%
                                         Natural Disaster
                                         Sosial Ekonomi
                                                                      21.500.000             1,24%               0              0,00%               0             0,00%
                                         Social Economic
                                    D    Korporasi
                                                                    462.000.000          26,62%       284.000.000            21,85%      25.000.000               2,88%
                                         Corporate
                                   Jumlah
                                                                   1.735.396.000             100%    1.299.847.275              100%    869.382.970               100%
                                   Total




                                  ASPEK PELANGGAN : TANGGUNG                                         CUSTOMER ASPECT : SOCIAL
                                  JAWAB SOSIAL TERHADAP PELANGGAN                                    RESPONSIBILITY TO CUSTOMERS




                                  Sebagai salah satu pengembang properti terdepan di Indonesia,      As one of Indonesia’s prominent property developers, the
                                  Perseroan terus berusaha menghadirkan produk dan layanan           Company continuously strives to provide the best property
                                  properti terbaik kepada pelanggan dengan tetap mengutamakan        products and services to customers by continuously prioritizing
                                  perlindungan hak-hak pelanggan. Komitmen Perseroan dalam           the protection of the rights of the customers. The Company’s
                                  meningkatkan produk dan layanan diwujudkan melalui berbagai        commitment to improving products and services is manifested
                                  program continuous improvement yang dilakukan berdasarkan          through various continuous improvement programs carried
                                  hasil riset perubahan market trend, kebutuhan pelanggan maupun     out based on results of research on market trend change and
                                  kritik dan umpan balik.                                            customer needs as well as criticisms and feedback.
Bakrieland Laporan Tahunan 2024




                                  Selain terus berinovasi pada produk ataupun layanan, Perseroan     Aside from continually innovating products and services, the
                                  juga menunjukkan tanggung jawab penuhnya atas keamanan             Company also shows its full responsibility for the safety of
                                  produk dan perlindungan pelanggan sebagaimana tertuang             the products and the protection of customers as stated in the
                                  dalam pilar keberlanjutan “It’s About the People” yang telah       sustainability pillar of “It’s About the People” conducted since
                                  dijalankan sejak tahun 2011.                                       the year 2011.

                                  Pada tahun 2024, Perseroan menunjukkan langkah konkret             In the year 2024, the Company exhibited concrete steps in
                                  dalam mencapai tujuan SDGs yang relevan dengan tanggung            accomplishing the objectives of SDGs relevant to the responsibility
                                  jawab dan perlindungan pelanggan melalui berbagai program          and protection of customers through various activity programs
                                  atau inisiatif kegiatan, yaitu sebagai berikut:                    and initiatives, namely as follows:


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1. Melengkapi fasilitas khusus untuk penyandang disabilitas;       1. Provide special facilities for those with disabilities;
2. Penambahan kendaraan listrik yang dapat dipergunakan            2. Provide additional electric vehicles for use by customers
   pelanggan untuk menikmati produk atau kawasan dengan               to enjoy products and services by environmentally friendly
   cara ramah lingkungan.                                             means.
3. Inovasi dan Pengembangan Layanan Berkelanjutan                  3. Innovation and Continuous Development of Services

Industri properti kian bertransformasi menjadi salah satu sektor   The property industry is increasingly transforming into one of
tumpuan bagi perekonomian nasional yang menyumbang                 the reliable sectors in the national economy that contributes a
multiplier effect bagi subsektor industri pendukung lainnya.       multiplier effect to the subsector of other supporting industries.
Sebagai salah satu pemain lama di sektor properti nasional,        As one of the oldest players in the national property sector,
Perseroan menekankan pentingnya budaya inovasi dalam               the Company stresses the importance of innovation culture in
menghadirkan produk yang berkualitas, berkelanjutan, dan           delivering quality, sustainable, and responsible products.
bertanggung jawab.

Dengan semangat inovasi tersebut, Perseroan selalu melakukan       With such a spirit of innovation, the Company always first
riset pasar yang komprehensif terlebih dahulu sebelum              researches the market comprehensively before executing new
mengeksekusi proyek-proyek baru ataupun mengembangkan              projects or developing the existing projects. This step is important
proyek-proyek properti yang sudah ada. Langkah ini penting         to carry out so that launched products can eventually answer to
untuk dilakukan agar produk yang diluncurkan nantinya dapat        the needs or demands of the public that continues to develop
menjawab kebutuhan atau permintaan masyarakat yang terus           over time.
berkembang dari waktu ke waktu.

Selain berfokus pada pengembangan produk, inovasi yang             Apart from focusing on product development, continuous
berkelanjutan juga diterapkan pada strategi pemasaran salah        innovation is also applicable to marketing strategy, one of which
satunya dengan mengoptimalkan peran media sosial dalam             is by optimizing the role of social media in campaigning the
mengkampanyekan iklan-iklan properti milik Perseroan secara        Company’s property advertisements extensively. Meanwhile, in
ekstensif. Sementara itu dalam rangka meningkatkan basis           the context of an increasing customer base, the Company also
pelanggan, Perseroan juga telah menjalin kerja sama dengan         establishes cooperation with property technology (PropTech)
perusahaan-perusahaan teknologi properti (PropTech) dalam          companies in promoting the Company’s property products, as
mempromosikan produk properti milik Perseroan, serta juga          well as collaborating with well-known influencers to invite the
menggandeng influencer ternama untuk mengajak masyarakat           public to attend the Company’s product launches and marketing
menghadiri acara peluncuran produk dan kegiatan marketing          activities.
Perseroan.

Sejalan dengan berkembangnya kebutuhan masyarakat akan             In line with the growing needs of the community for the
hadirnya properti atau kawasan yang nyaman dan ramah               presence of restful and environmentally friendly properties
lingkungan, Perseroan berkomitmen untuk terus melanjutkan          or residential areas, the Company is committed to continuing
berbagai inovasi yang telah dilakukan dan mengembangkan ide-       various innovations that have been conducted and developing
ide baru yang relevan dengan bisnis properti. Dengan berfokus      new ideas that are relevant to theproperty business. By focusing
pada pengembangan strategi inovasi produk dan pemasaran            on the development of accountable product innovation and
yang bertanggung jawab, Perseroan optimistis akan mampu            marketing strategy, the Company is optimistic about carrying
menjalankan operasional dalam skala yang lebih besar dan           out the operations on a bigger scale and obtaining business
meraih peluang bisnis yang datang dengan tantangan di pasar        opportunities that come with challenges in Indonesia’s property
                                                                                                                                           Bakrieland Annual Report 2024




properti Indonesia.                                                market.

Evaluasi atas Keamanan Produk dan/atau                             Evaluation on Safety of Products and/or
Layanan                                                            Services
Keamanan pelanggan yang datang atau mengunjungi area               The security of customers that come or visit the property area
properti atau kawasan yang dikelola oleh Perseroan maupun          managed by the Company or Business Unit is always a priority.
Unit Usaha senantiasa menjadi prioritas. Untuk memastikan hal      To ensure this, the Company applies Standard Operating
ini, Perseroan menerapkan Standard Operating Procedure (SOP)       Procedures (SOP) and Minimal Service Standard (SPM) in each of
dan Standar Pelayanan Minimal (SPM) di masing-masing properti.     the properties. In the effort to strengthen the protection system for
Dalam upaya memperkuat sistem perlindungan bagi pelanggan,         customers, the Company periodically conducts various programs

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                                  Perseroan secara berkala menjalankan berbagai program                  to safeguard security, safety, and comfort of the customers, as
                                  untuk memastikan keamanan, keselamatan dan kenyamanan                  well as to ensure the facilities, buildings, and areas managed by
                                  pelanggan, serta memastikan fasilitas, bangunan, dan area yang         the Company have complied with applicable national certification
                                  dikelola Perseroan sudah memenuhi standar sertifikasi nasional         standards. In the meantime, to be sure of of the presence of the
                                  yang berlaku. Sementara itu untuk memastikan hadirnya produk           Company’s products safe and comfortable for customers, the
                                  Perseroan yang aman dan nyaman bagi pengunjung, Perseroan              Company also consistently takes on efforts as follows:
                                  juga secara konsisten melakukan upaya-upaya berikut ini:
                                  1. Taman Rekreasi                                                      1.   Recreational Park
                                      Seluruh Taman Rekreasi yang dikelola Perseroan merupakan                All Recreational Parks managed by the Company are
                                      area rekreasi yang memiliki wahana bermain untuk berbagai               recreational areas that contain play rides for various age
                                      segmen kelompok usia baik tua, muda, maupun anak-anak.                  groups: old, young, and children. The Company ensures
                                      Perseroan memastikan seluruh wahana yang beroperasi di                  that all rides operating in each Recreational Park area
                                      setiap area Taman Rekreasi memiliki tingkat keamanan dan                have a high level of safety and comfort for every visitor.
                                      kenyamanan yang tinggi bagi setiap pengunjung. Setiap                   Every day, the /OHS Team, together with the Maintenance
                                      harinya, Tim K3 bersama dengan Departemen Maintenance                   Department, conducts a trial test run on each ride before
                                      melakukan trial test run pada setiap wahana sebelum jam                 operating hours. This is done to make sure of the alertness
                                      operasional. Hal ini dilakukan untuk memastikan kesigapan               of OHS officers in providing first aid in the event of an
                                      para petugas K3 dalam melakukan pertolongan pertama                     accident so that it can be followed up quickly, accurately,
                                      jika terjadi kecelakaan agar dapat ditindaklanjuti secara               and carefully. If during the trial test run process a ride is
                                      cepat, tepat, dan cermat. Apabila selama proses trial test              found to be unfit for operation on that day, then according
                                      run berlangsung ditemukan adanya wahana yang tidak layak                to the applicable SOP, the officers will immediately take the
                                      untuk beroperasi di hari tersebut, maka sesuai SOP yang                 necessary corrective action on the ride in question. For this
                                      berlaku, para petugas segera melakukan tindakan perbaikan               reason, the Company places the best staff throughout the
                                      yang diperlukan terhadap wahana yang bersangkutan. Untuk                Recreation Parks including emergency response teams and
                                      itu, Perseroan telah menempatkan staf-staf terbaik di seluruh           lifeguards who are tasked with monitoring and guarding the
                                      Taman Rekreasi termasuk tim tanggap darurat dan lifeguard               play grounds and maintaining the quality of the pools before
                                      yang bertugas memantau dan menjaga area permainan serta                 operations begin each day.
                                      menjaga kualitas kolam sebelum operasional dimulai setiap
                                      harinya.

                                      Aktivitas pemeliharaan berkala pada Taman Rekreasi                      Regular maintenance activities at the Recreation Parks are
                                      juga dilakukan secara konsisten oleh para teknisi andal.                also carried out consistently by reliable technicians. Especially
                                      Khusus untuk Taman Rekreasi yang memiliki fauna, petugas                for Recreation Parks that have fauna, officers conduct fauna
                                      melakukan pemeriksaan kesehatan fauna setiap hari. Dalam                health checks every day. In order to provide comfort to
                                      rangka memberikan kenyamanan kepada para pengunjung,                    visitors, the Recreation Parks also provide other facilities
                                      Taman Rekreasi juga menyediakan fasilitas lainnya seperti               such as worship facilities and health facilities (clinics, oxygen,
                                      fasilitas beribadah, fasilitas kesehatan (klinik, oksigen, kursi        wheelchairs, golf carts, and strollers) to safe and comfortable
                                      roda, golf cart, stroller dan sebagainya), hingga tempat parkir         parking areas.
                                      yang aman dan nyaman.

                                  2. Hotel                                                               2. Hotel
                                     Perseroan senantiasa memprioritaskan kenyamanan,                       The Company always prioritizes the comfort, security, and
Bakrieland Laporan Tahunan 2024




                                     keamanan, dan keselamatan para tamu hotel dengan                       safety of hotel guests by providing the best facilities and
                                     memberikan fasilitas serta pelayanan terbaik, seperti fasilitas        services, such as hotel facilities, swimming pools, meeting
                                     hotel, kolam renang, ruang rapat dan area rekreasi lain.               rooms, and other recreational areas. The Company also
                                     Perseroan juga memastikan semua hotel sudah dilengkapi                 ensures that all hotels are equipped with various safety and
                                     dengan berbagai fasilitas penunjang keselamatan dan                    health support facilities, such as wheelchairs, first aid kits,
                                     kesehatan, seperti kursi roda, peralatan P3K, hingga layanan           and in-house clinic services with doctors and nurses who are
                                     in-house klinik dengan dokter dan perawat yang selalu siap             always on standby. The hotel units managed by the Company
                                     siaga. Unit-unit hotel yang dikelola Perseroan dipastikan telah        are guaranteed to have passed the inspection and Testing of
                                     lulus pemeriksaan serta Pengujian Sistem Proteksi & Alat               Protection Systems & Equipment from the Regional Disaster
                                     dari Pemadam Kebakaran Badan Penanggulangan Bencana                    Management Agency (BPBD) Fire Extinguisher.
                                     Daerah (BPBD).

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3. Pusat Perbelanjaan                                              3. Shopping Center
   Manajemen Plaza Festival secara rutin melibatkan seluruh           The management of Plaza Festival routinely involves all
   penyewa dan pengunjung untuk berpartisipasi dalam                  tenants and visitors to participate in the safety and health
   berbagai simulasi keselamatan dan kesehatan. Kegiatan ini          simulations. The purpose of this activity is so that visitors have
   bertujuan agar pengunjung memiliki tingkat kepedulian yang         a high level of concern should such a disaster happen as a
   tinggi jika terjadi sesuatu hal, seperti bencana kebakaran,        fire, flood, or earthquake. The Plaza Festival has obtained
   banjir, atau gempa bumi. Plaza Festival telah memperoleh           the Fire Safety Certificate of the Fire and Rescue Service of
   Sertifikat Keselamatan Kebakaran Dinas Penanggulangan              Jakarta Province.
   Kebakaran dan Penyelamatan Provinsi DKI Jakarta.

4. Gedung Perkantoran                                              4. Office Building
   Perseroan memastikan semua bangunan gedung perkantoran             The Company ensures that all office buildings managed by the
   yang dikelola Unit Usaha sudah memenuhi kriteria standar           Business Unit meet the applicable national and international
   keamanan nasional dan internasional yang berlaku, antara           safety standards, including fire, flood, and earthquake safety
   lain standar keamanan kebakaran, banjir, dan gempa bumi.           standards. The Company also equips office building products
   Perseroan juga melengkapi produk gedung perkantoran                with various health facilities and infrastructure such as oxygen
   dengan berbagai sarana dan prasarana kesehatan seperti             tanks, wheelchairs, and first aid kits. The Company routinely
   tabung oksigen, kursi roda dan peralatan P3K. Perseroan            measures air quality in public areas to ensure that water
   secara rutin melakukan pengukuran kualitas udara di area           quality in buildings is always within the specified threshold
   publik untuk memastikan kualitas udara dalam gedung                value.
   senantiasa dalam nilai ambang batas yang telah ditentukan.

Dengan menerapkan berbagai inisiatif tindakan preventif hingga     By implementing various preventive action initiatives and
evaluasi keamanan yang menyeluruh di semua properti milik          comprehensive security evaluations in all of the Company’s
Perseroan, maka dapat disimpulkan bahwa seluruh produk yang        properties, it can be concluded that all products built and
dibangun dan dikelola Perseroan telah 100% memenuhi standar        managed by the Company have 100% met applicable security
keamanan dan regulasi yang berlaku serta sudah menerapkan          standards and regulations and have implemented a strict
sistem pengawasan yang ketat sehingga terjamin keamanannya.        monitoring system so that their security is guaranteed. In 2024,
Pada tahun 2024, tidak terdapat insiden ketidakpatuhan yang        there were no incidents of non-compliance related to the impact
sehubungan dengan dampak keamanan produk bagi pelanggan.           of product security on customers.

Jumlah Produk dan/atau Layanan yang                                Number of Products and/or Services
Ditarik dari Pasar                                                 Withdrawn from the Market
Selama tahun 2024, tidak terdapat kejadian penarikan atau          During the year 2024, there were no incidents of withdrawal or
penutupan atas aset-aset properti yang dimiliki Perseroan.         closing of property assets owned by the Company.

Kebijakan Kompesansi dan Kualitas Produk                           Compensation Policy and Product Quality
Sebagai perwujudan dari tanggung jawab perusahaan terhadap         As a manifestation of the company’s responsibility towards
produk dan perlindungan terhadap pelanggan, Perseroan              products and the protection of customers, the Company is
berkomitmen penuh untuk selalu mematuhi peraturan                  fully committed to always complying with prevailing laws and
perundangan yang berlaku terkait jaminan pemeliharaan, kualitas,   regulations related to guarantees on maintenance, quality, and
dan kompensasi atas keterlambatan serah terima, mencakup           compensation if handover is delayed, which include the following:
hal-hal sebagai berikut:
                                                                                                                                           Bakrieland Annual Report 2024




1. Memberikan layanan berkomunikasi dengan konsumen                1. Provide communication service with consumers in accordance
    sesuai dengan pasal 7 butir cc Undang-Undang Perlindungan         with article 7 point cc of the Law on Consumer Protection,
    Konsumen (UUPK) yaitu memperlakukan atau melayani secara          namely to treat or serve properly, honestly, and without
    benar, jujur, dan tidak diskriminatif;                            discrimination;
2. Memberikan informasi jika terjadi keterlambatan proyek          2. Provide information if the project is delayed with the provision
    sesuai dengan ketentuan pasal 7 butir b UUPK mengenai             in article 7 point b of the Law on Consumer Protection on the
    perubahan tanggal serah terima unit yang tercantum dalam          date change of the unit handover as stated in the Purchase
    Surat Pesanan;                                                    Order Letter;




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                                  Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
                                  Integrated Corporate Social Responsibility/Sustainability Report




                                  3. Memberikan kompensasi berupa denda keterlambatan untuk          3. Provide compensation in the form of a delay penalty for the
                                     konsumen dalam hal serah terima unit tidak sesuai dengan           consumer as the unit’s handover is not in compliance with
                                     jadwal yang sudah dijanjikan; dan                                  the schedule as promised; and
                                  4. Memberikan jaminan masa pemeliharaan/perbaikan atas             4. Provide a guarantee of maintenance/ repair period for housing
                                     unit rumah atau bangunan yang telah diserahkan kepada              units or buildings that have been handed over to consumers,
                                     konsumen, sebagaimana dinyatakan dalam Perjanjian                  as stated in the Sales Purchase Agreement (PPJB) between
                                     Pengikatan Jual Beli (PPJB) antara Perseroan dan pelanggan.        the Company and the customer.

                                  Kebijakan Kompensasi dan Kualitas                                  Compensation Policy and Quality of
                                  Taman Rekreasi                                                     Recreation Parks
                                  Dalam mengembangkan bisnis taman rekreasi, Perseroan               In developing recreation or amusement park business, the
                                  berfokus untuk memberikan rasa nyaman dan aman kepada              Company is focused on providing comfort and security to visitors,
                                  para pengunjung, misalnya dengan memberikan layanan asuransi       for example, by providing insurance service for every visitor.
                                  bagi setiap pengunjung. Saat ini, Perseroan telah memiliki SOP     Currently, the Company retains the SOP for handling victims,
                                  penanganan korban yang digunakan sebagai panduan bagi para         which is used as a guideline for field officers to remain alert in
                                  petugas lapangan agar tetap sigap dalam menangani kasus            handling accident cases in recreational park areas, especially
                                  kecelakaan di area taman rekreasi terutama apabila diperlukan      if further action is required.
                                  tindakan lanjutan.

                                  Setelah mendapatkan pertolongan pertama di klinik, General         After receiving first aid at the clinic, the General Affairs
                                  Affairs Department dan Guest Service akan mengantarkan             Department and Guest Service take the victim to the nearest
                                  korban ke rumah sakit terdekat dengan membawa surat                hospital by bringing a guarantee letter from the Company to
                                  jaminan dari Perseroan untuk memastikan segala bentuk              ensure that all forms of medical treatment required should be
                                  tindakan penanganan medis yang dibutuhkan dapat dilakukan          immediately handled. Subsequently, the Company will claim
                                  dengan cepat. Selanjutnya, Perseroan akan melakukan klaim          insurance coverage by submitting the required document at
                                  ke asuransi dengan menyertakan dokumen yang disyaratkan            the latest by 3x24 hours following the accident.
                                  selambatlambatnya 3x24 jam setelah terjadinya kecelakaan.

                                  Mengutamakan Keamanan, Keselamatan,                                Prioritizing Security, Safety and Comfort
                                  dan Kenyaman Pelanggan                                             of Customers
                                  Perseroan secara berkala menjalankan berbagai program terkait      The Company regularly implements various programs related
                                  K3 untuk memastikan keamanan, keselamatan dan kenyamanan           to OHS to ensure the security, safety, and comfort of customers,
                                  pelanggan, serta memastikan fasilitas, bangunan dan area yang      as well as to ensure that the facilities, buildings, and areas
                                  dikelola Perseroan dan Unit Usaha sudah memenuhi standar           managed by the Company and Business Units have complied
                                  sertifikasi nasional yang berlaku. Disamping itu, Perseroan juga   with applicable national certification standards. In addition, the
                                  secara konsisten memberikan edukasi safety kepada seluruh          Company also consistently provides education on safety to all
                                  pelanggan melalui media sosial agar tidak terjadi insiden          customers through social media so that hazardous incidents do
                                  berbahaya di kawasan properti Perseroan.                           not occur in the Company’s property areas.

                                  Pada tahun 2024, Perseroan telah merealisasikan anggaran           In 2024, the Company realized the budget of Rp3.5 billion to
                                  biaya sebesar Rp3,5 miliar untuk memastikan terselenggaranya       ensure that property development business activities are carried
                                  kegiatan usaha pengembangan properti yang aman dan nyaman          out safely and comfortably for customers.
Bakrieland Laporan Tahunan 2024




                                  bagi pelanggan.

                                  Kinerja K3 Pelanggan Tahun 2024                                    Customer OHS Performance in 2024
                                  Perseroan menggunakan standar pencatatan kinerja K3 dengan         The Company uses the OHS performance recording standards
                                  uraian sebagai berikut:                                            as described below:
                                  1. Near Misses: suatu kejadian yang nyaris terjadi kecelakaan      1. Near Misses: an incident that almost resulted in an accident
                                      atau potensi berakibat terjadinya kecelakaan yang ditangani        or had the potential to result in an accident was handled
                                      dengan berbagai antisipasi agar tidak adanya insiden;              with various anticipations to prevent an incident;
                                  2. Non-Recordable Incident: insiden kecelakaan ringan yang         2. Non-Recordable Incident: an incident of minor accident that
                                      dapat ditangani dengan prosedur pertolongan pertama (P3K);         was handled with first aid procedure;


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3. Recordable Incident: insiden kecelakaan yang membutuhkan       3. Recordable Incident: an incident that required handling further
   penanganan lebih dari prosedur pertolongan pertama; dan           than first aid treatment; and
4. Fatalities: insiden kecelakaan yang mengakibatkan pada         4. Fatalities: an incident that resulted in fatalities.
   kematian.

Sampai dengan akhir tahun 2024, Perseroan mencatat 59 insiden     Until the end of the year 2024, the Company recorded 59 major
berat, 439 insiden ringan, 462 near misses dan 0 kematian.        accidents, 439 minor incidents, 462 near misses, and 0 fatalities.
Seluruh insiden kecelakaan berhasil ditangani dengan baik oleh    All incidents were appropriately handled by the OHS Team and
Tim K3 dan on-site klinik di masing-masing Unit Usaha.            on-site clinic in each Business Unit.


                                                                         Jumlah Insiden
           Tipe Insiden                                                 Number of Incident
          Type of Incident
                                               2024                           2023                              2022
 Near Misses                                    462                            363                               476
 Insiden Ringan
                                                439                            308                               408
 Minor Incident
 Insiden Berat
                                                 59                              38                               23
 Majjor Incident
 Kematian
                                                  0                               0                                0
 Fatalities



Pusat Pengaduan Pelanggan                                         Customer Complaint Center
Perseroan meyakini bahwa tingkat kepercayaan dan loyalitas        The Company is assured that the high level of trust and loyalty of
pelanggan yang tinggi merupakan fondasi untuk meraih              customers is the foundation to achieving great business success
kesuksesan bisnis yang hebat di masa depan. Berangkat dari        in the future. Starting from the awareness on this matter, then
kesadaran akan hal ini, maka Perseroan menyediakan media          the Company then provides an official complaint media that
pengaduan resmi yang dapat diakses oleh seluruh pelanggan         can be accessed by all customers to submit their complaints,
untuk menyampaikan keluhan, saran, maupun kritik mengenai         suggestions, and even criticisms on the Company’s products
produk dan pelayanan Perseroan, yaitu melalui:                    and services, namely through the following:
1. PT Bakrie Swasakti Utama: 021-52920090;                        1. PT Bakrie Swasakti Utama: 021-52920090;
2. PT Graha Andrasentra Propertindo Tbk: 0251- 8211290; dan       2. PT Graha Andrasentra Propertindo Tbk: 0251- 8211290; and
3. PT Krakatau Lampung Tourism Development: 021- 57942157.        3. PT Krakatau Lampung Tourism Development: 021- 57942157.

Selain mengoptimalkan kanal pengaduan yang tersedia,              Aside from optimizing the complaint channel available, the
Perseroan juga memperlengkapi tiap-tiap produk dengan             company also equips each product with a work unit tasked with
unit kerja yang menjalankan fungsi penanganan keluhan             the function to directly handle customer complaints. The Company
pelanggan secara langsung. Perseroan memiliki unit kerja Estate   retains the Estate Management work unit that provides special
Management yang menyediakan personel Customer Service             Customer Service personnel to take on customer complaints
khusus untuk menerima pengaduan pelanggan dari produk             from office residential and apartment products. While for such
kantor, residensial dan apartemen. Sedangkan untuk produk         other products as hotels, malls, recreation parks, and food &
hotel, mal, taman hiburan dan food & beverages, Perseroan         beverage, the company provides the Customer Care work unit.
menyediakan unit kerja Customer Care.
                                                                                                                                       Bakrieland Annual Report 2024




Pengukuran Keluhan dan Kepuasan                                   Measurement Customer Complaint and
Pelanggan                                                         Satisfaction
Perseroan menerima dengan baik semua kritik atau masukan          The Company appropriately accepts all criticisms or feedback
yang disampaikan oleh para pelanggan sebagai acuan untuk          extended by customers as a reference to taking steps of
melakukan langkah-langkah perbaikan kedepannya. Perihal           improvement ahead. Concerning customer complaint handling,
penanganan keluhan pelanggan, Perseroan sudah memiliki            the company has set up a special procedure for every complaint
prosedur khusus atas setiap pengaduan yang terekam dalam          recorded in the customer complaint channel.
saluran keluhan pelanggan.


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                                  Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
                                  Integrated Corporate Social Responsibility/Sustainability Report




                                  Hingga akhir 2024, sebanyak 99,91% keluhan pelanggan telah         Until the end of 2024, as many as 99.91% customer complaints
                                  ditindaklanjuti oleh tim terkait di masing-masing Unit Usaha.      were followed through by the related team in each Business
                                  Berikut adalah data pengukuran:                                    Unit, as shown in the table below:


                                                   Uraian
                                                                                     2024                           2023                          2022
                                                 Description
                                   Jumlah Keluhan
                                                                                     1.106                          2.527                         2.671
                                   Number of Complain
                                   Keluhan Terselesaikan
                                                                                     1.104                          2.526                         2.663
                                   Complaints Handled
                                   Keluhan dalam Proses Penyelesaian
                                                                                          2                             1                            8
                                   Complaint in Handling Process


                                  Perseroan memastikan semua laporan aduan atau keluhan yang         The Company ensures that all reports of complaint or grievance
                                  diterima melalui kanal pengaduan senantiasa ditindaklanjuti        accepted through the complaint channel are always followed
                                  sesuai dengan Service Level Agreement (SLA) yang berlaku           up in accordance with the internally applicable Service Level
                                  di internal.                                                       Agreement (SLA).

                                  Di sisi lain, Perseroan juga secara konsisten melakukan survei     On the other hand, the Company also consistently carries out
                                  langsung kepada pelanggan dan memantau berbagai platform           surveys directly for customers and monitors various independent
                                  independen yang terkait dengan produk, layanan dan pelanggan       platforms related to products, services, and customers of
                                  Perseroan. Berikut ini merupakan data rekapitulasi kepuasan        the Company. Following are data on customer satisfaction
                                  pelanggan pada produk Perseroan:                                   recapitulation on the Company’s products:




                                  Hotel
                                  Hotel

                                            5% 1% 1%                                      5% 1% 1%                                      4%   2%

                                                                                                                                  11%
                                  19%                                          15%




                                              2024                                            2023                                       2022                 57%


                                                                74%                                           78%           26%




                                        Sangat Puas | Very Satisfied   Puas | Satisfied       Rata-rata | Average      Buruk | Poor     Sagat Buruk | Very Poor
Bakrieland Laporan Tahunan 2024




248
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Mal
Shopping Center

             2% 1% 7 %                                   2% 1% 7%                                         2% 1%    6%

20%                                          20%                                                 21%




             2024                                         2023                                             2022
                                                                                                                              70%
                                70%                                           71%




      Sangat Puas | Very Satisfied    Puas | Satisfied        Rata-rata | Average      Buruk | Poor      Sagat Buruk | Very Poor


Taman Rekreasi
Theme Park

             2% 1%                                        2% 1%                                            2% 1%
      10%                                         11%                                              13%
                           23%
                                                                          24%
                                                                                                                           31%



            2024                                          2023                                            2022
                             65%
                                                                          62%                 53%



   Sangat Puas | Very Satisfied       Puas | Satisfied        Rata-rata | Average     Buruk | Poor       Sagat Buruk | Very Poor


Apartemen
Apartment

            4%   2%                                      4%   2%                                         4%   2%

32%
                           31%
                                            31%                             31%


                                                                                           29%                                32%

            2024                                          2023                                            2022
                                                                                                                                        Bakrieland Annual Report 2024




                                                                          32%
                          33%                                                                                           33%


   Sangat Puas | Very Satisfied       Puas | Satisfied        Rata-rata | Average     Buruk | Poor       Sagat Buruk | Very Poor



Rencana Pengembangan Praktik                                          Sustainability Practice Development Plan
Keberlanjutan
Memandang ke depan, Perseroan akan terus melakukan                    Looking ahead, the Company will continue to monitor various
pemantauan atas berbagai regulasi terkait praktik keberlanjutan       regulations related to sustainability practices that impact the
yang berdampak pada Perseroan sebagai basis pengembangan              Company, as a basis for the next stage of development.
selanjutnya.
                                                                                                                                        249
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                                  Surat Pernyataan
                                  Dewan Komisaris dan Direksi
                                  Statement from the Board of Commissioners
                                  and the Board of Directors


                                  Yang bertanda tangan di bawah ini telah membaca dan memeriksa   The undersigned have read and duly examined and approved
                                  dengan seksama serta menyetujui isi dari naskah Buku Laporan    the Annual Report of the Company for the year 2024, which
                                  Tahunan Perusahaan tahun 2024, yang di dalamnya juga memuat     includes the Financial Statements for the year 2024.
                                  Laporan Keuangan Perusahaan untuk tahun buku 2024.




                                                                                     Dewan Komisaris
                                                                                    Board of Commissioners




                                          Armansyah Yamin                      Bambang Irawan Hendradi                     Kanaka Puradiredja
                                                 Komisaris                            Presiden Komisaris                     Komisaris Independen
                                               Commissioner                         President Commissioner                Independent Commissioner




                                                                                            Direksi
                                                                                       Board of Directors
Bakrieland Laporan Tahunan 2024




                                             Melky Aliandri                         Resza Adikreshna                               Sisilia
                                                  Direktur                             Presiden Direktur                           Direktur
                                                  Director                             President Director                          Director




250
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Referensi SEOJK Nomor 16/ SEOJK.04/2021:
Laporan Tahunan Emiten atau Perusahaan Publik
SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company

                                                                    Halaman
                             Keterangan                                                                    Description
                                                                     Page
 I.   Ketentuan Umum                                                          I.   General Provision
      1.   Dalam Surat Edaran Otoritas Jasa Keuangan ini yang                      1.   In this Financial Services Authority Circular Letter what is
                                                                      √
           dimaksud dengan:                                                             meant by:
           a.   Laporan Tahunan adalah laporan                                          a.   The Annual Report is a report on the Board of
                pertanggungjawaban Direksi dan Dewan                                         Directors and Board of Commissioners accountability
                Komisaris dalam melakukan pengurusan dan                                     in managing and supervising issuers or public
                pengawasan terhadap emiten atau perusahaan                                   companies within a period of 1 (one) fiscal year to the
                publik dalam kurun waktu 1 (satu) tahun buku          √                      general meeting of shareholders prepared based
                kepada rapat umum pemegang saham yang                                        on the provisions of the Financial Services Authority
                disusun berdasarkan ketentuan dalam Peraturan                                Regulation concerning the Annual Report of issuers or
                Otoritas Jasa Keuangan mengenai Laporan                                      public companies
                Tahunan emiten atau perusahaan publik.
           b.   Emiten adalah pihak yang melakukan penawaran                            b.   Issuers are parties who make public offerings
                                                                      √
                umum.
           c.   Perusahaan Publik adalah perseroan yang                                 c.   A Public Company is a company whose shares
                sahamnya telah dimiliki paling sedikit oleh 300                              are owned by at least 300 (three hundred)
                (tiga ratus) pemegang saham dan memiliki modal                               shareholders and has a paid-up capital of at least
                disetor paling sedikit Rp3.000.000.000,00 (tiga       √                      Rp3,000,000,000.00 (three billion rupiah) or a number
                miliar rupiah) atau suatu jumlah pemegang saham                              of shareholders and paid-up capital as determined by
                dan modal disetor yang ditetapkan oleh Otoritas                              the Financial Services Authority
                Jasa Keuangan.
           d.   Perusahaan Terbuka adalah Emiten yang telah                             d.   A Public Company is an Issuer that has made a public
                melakukan penawaran umum efek bersifat ekuitas        √                      offering of equity securities or a Publically- listed
                atau Perusahaan Publik.                                                      Company
           e.   Laporan Keberlanjutan (Sustainability Report)                           e.   A Sustainability Report is a report published to the
                adalah laporan yang diumumkan kepada                                         public that contains the economic, financial, social,
                masyarakat yang memuat kinerja ekonomi,                                      and environmental performance of a financial service
                                                                      √
                keuangan, sosial, dan lingkungan hidup suatu                                 institution, Issuer, and Public Company in running a
                lembaga jasa keuangan, Emiten, dan Perusahaan                                sustainable business
                Publik dalam menjalankan bisnis berkelanjutan.
           f    Direksi:                                                                f    Board of Directors:
                1)   bagi Emiten atau Perusahaan Publik                                            1)    For an Issuer or a Public Company in the
                     berbentuk badan hukum perseroan terbatas                                            form of a limited liability company, it is the
                     adalah Direksi sebagaimana dimaksud dalam                                           Board of Directors as referred to in the
                     Peraturan Otoritas Jasa Keuangan mengenai        √                                  Financial Services Authority Regulation
                     Direksi dan Dewan Komisaris Emiten atau                                             concerning the Board of Directors and
                     Perusahaan Publik; dan                                                              Board of Commissioners of an Issuer or
                                                                                                         Public Company; and
                2)   bagi Emiten atau Perusahaan Publik                                            2)    For an Issuer or a Public Company in the
                     berbentuk badan hukum selain perseroan                                              form of a legal entity other than a limited
                     terbatas adalah organ yang melaksanakan                                             liability company, it is the body that carries
                     pengurusan badan hukum tersebut                  √                                  out the management of the legal entity
                     sebagaimana dimaksud dalam peraturan                                                as referred to in the laws and regulations
                     perundang- undangan mengenai badan                                                  concerning the legal entity.
                     hukum tersebut.
           g.   Dewan Komisaris:                                                        g.   Board of Commissioners:
                1)   bagi Emiten atau Perusahaan Publik                                            1)    For an Issuer or a Public Company in the
                     berbentuk badan hukum perseroan terbatas                                            form of a limited liability company, the
                     adalah Dewan Komisaris sebagaimana                                                  Board of Commissioners as referred to in
                     dimaksud dalam Peraturan Otoritas Jasa           √                                  the Financial Services Authority Regulation
                     Keuangan mengenai Direksi dan Dewan                                                 concerning the Board of Directors and
                     Komisaris Emiten atau Perusahaan Publik; dan                                        Board of Commissioners of an Issuer or
                                                                                                         Public Company; and
                2)   bagi Emiten atau Perusahaan Publik                                            2)    For the Issuer or Public Company in the
                     berbentuk badan hukum selain perseroan                                              form of a legal entity other than a limited
                                                                                                                                                          Bakrieland Annual Report 2024




                     terbatas adalah organ yang melakukan                                                liability company, it is the body that
                     pengawasan badan hukum tersebut                  √                                  supervises the legal entity as referred to
                     sebagaimana dimaksud dalam peraturan                                                in the laws and regulations concerning the
                     perundang- undangan mengenai badan                                                  legal entity.
                     hukum tersebut.
           h.   Rapat Umum Pemegang Saham yang selanjutnya                              h.   General Meeting of Shareholders hereinafter
                disingkat RUPS:                                                              abbreviated as GMS:
                1)   bagi Emiten atau Perusahaan Publik                                            1)    For an Issuer or a Public Company in the
                     berbentuk badan hukum perseroan terbatas                                            form of a limited liability company, it is
                     adalah RUPS sebagaimana dimaksud dalam                                              the GMS as referred to in the Financial
                     Peraturan Otoritas Jasa Keuangan mengenai        √                                  Services Authority Regulation concerning
                     Rencana dan Penyelenggaraan Rapat Umum                                              the Planning and Organizing of the General
                     Pemegang Saham Perusahaan Terbuka; dan                                              Meeting of Shareholders of a Public
                                                                                                         Company; and


                                                                                                                                                          251
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                                                                                                      Halaman
                                                                  Keterangan                                                                    Description
                                                                                                       Page
                                                    2)   bagi Emiten atau Perusahaan Publik                                             2)    For an Issuer or Public Company in the
                                                         berbentuk badan hukum selain perseroan                                               form of a legal entity other than a limited
                                                         terbatas adalah organ yang mempunyai                                                 liability company, it is the body that has
                                                         wewenang yang tidak diberikan kepada                                                 authority that is not given to any other
                                                         organ yang melaksanakan fungsi pengurusan       √                                    body that carries out management and
                                                         dan fungsi pengawasan, dalam batas yang                                              supervisory functions, within the limits
                                                         ditentukan dalam peraturan perundang-                                                specified in the legislation and/or articles of
                                                         undangan dan/atau anggaran dasar yang                                                association governing the legal entity.
                                                         mengatur badan hukum tersebut.
                                         2.   Laporan Tahunan Emiten atau Perusahaan Publik                             2.   The Annual Report of Issuers or Public Companies
                                              merupakan sumber informasi penting bagi investor                               is an important source of information for investors or
                                              atau pemegang saham sebagai salah satu dasar                                   shareholders as one of the basic considerations in making
                                                                                                         √
                                              pertimbangan dalam pengambilan keputusan investasi                             investment decisions and a means of supervision of Issuers
                                              dan sarana pengawasan terhadap Emiten atau                                     or Public Companies.
                                              Perusahaan Publik.
                                         3.   Seiring dengan perkembangan pasar modal dan                               3.   Along with the development of the capital market and the
                                              meningkatnya kebutuhan investor atau pemegang                                  increasing need for information disclosure by investors
                                              saham atas keterbukaan informasi, Direksi dan Dewan                            or shareholders, the Board of Directors and the Board of
                                                                                                         √
                                              Komisaris dituntut untuk menyajikan informasi yang                             Commissioners are required to present quality, accurate,
                                              berkualitas, akurat, dan akuntabel melalui Laporan                             and accountable information through the Annual Reports of
                                              Tahunan Emiten atau Perusahaan Publik.                                         Issuers or Public Companies.
                                         4.   Laporan Tahunan yang disusun secara teratur dan                           4.   Annual Reports that are prepared regularly and informatively
                                              informatif dapat memberikan kemudahan bagi investor                            can provide convenience for investors or shareholders and
                                                                                                         √
                                              atau pemegang saham dan pemangku kepentingan                                   stakeholders in obtaining the required information.
                                              dalam memperoleh informasi yang dibutuhkan.
                                         5    Surat Edaran Otoritas Jasa Keuangan ini merupakan                         5    This Financial Services Authority Circular is a guideline
                                              pedoman bagi Emiten atau Perusahaan Publik yang                                for Issuers or Public Companies that must be applied in
                                                                                                         √
                                              wajib diterapkan dalam menyusun Laporan Tahunan dan                            preparing Annual Reports and Sustainability Reports.
                                              Laporan Keberlanjutan.
                                  II.    Bentuk Laporan Tahunan                                                  II.    Format of Annual Report
                                         1.   Laporan Tahunan disajikan dalam bentuk dokumen cetak                      1.   Annual Report should be presented in the printed format
                                                                                                         √
                                              dan salinan dokumen elektronik.                                                and in electronic document copy..
                                         2.   Laporan Tahunan yang disajikan dalam bentuk dokumen                       2.   The printed version of the Annual Report should be printed
                                              cetak, dicetak pada kertas yang berwarna terang,                               on light-colored paper of fine quality, in A4 size, bound and
                                                                                                         √
                                              berkualitas baik, berukuran A4, dijilid, dan dapat                             can be reproduced in good quality.
                                              diperbanyak dengan kualitas yang baik.
                                         3.   Laporan Tahunan dapat menyajikan informasi berupa                         3.   The Annual Report may present information in the form of
                                              gambar, grafik, tabel, dan/atau diagram dengan                                 pictures, graphs, tables, and/or diagrams by including clear
                                                                                                         √
                                              mencantumkan judul dan/atau keterangan yang jelas,                             titles and/or descriptions, so that they are easy to read and
                                              sehingga mudah dibaca dan dipahami.                                            understand.
                                         4.   Laporan Tahunan yang disajikan dalam bentuk salinan                       4.   The Annual Report presented in electronic document format
                                              dokumen elektronik merupakan Laporan Tahunan yang          √                   is the Annual Report converted into pdf format.
                                              dikonversi dalam format pdf.
                                  III.   Isi Laporan Tahunan                                                     III.   Content Of Annual Report
                                         1.   Laporan Tahunan paling sedikit memuat informasi                           1.   Annual Report should contain at least the following
                                              mengenai:                                                                      information:
                                              a.   Ikhtisar data keuangan penting;                      15-16                a.   Summary of key financial information;
                                              b.   Informasi saham ( jika ada);                          17                  b.   Stock information (if any);
                                              c.   Laporan Direksi;                                    64-78                 c.   The Board of Directors report;
                                              d.   Laporan Dewan Komisaris;                            56-62                 d.   The Board of Commissioners report;
                                              e.   Profil Emiten atau Perusahaan Publik;               22-53                 e.   Profile of Issuer or Public Company;
Bakrieland Laporan Tahunan 2024




                                              f.   Analisis dan pembahasan manajemen;                  100-133               f.   Management discussion and analysis;
                                              g.   Tata kelola Emiten atau Perusahaan Publik;                                g.   Corporate governance applied by the Issuer or Public
                                                                                                       136-215
                                                                                                                                  Company;
                                              h.   Tanggung jawab sosial dan lingkungan Emiten atau                          h.   Corporate social and environmental responsibility of
                                                                                                      218-249
                                                   Perusahaan Publik;                                                             the Issuer or Public Company;
                                              i.   Laporan keuangan tahunan yang telah diaudit; dan     275                  i.   Audited annual report; and
                                              j.   Surat pernyataan anggota Direksi dan anggota                              j.   Statement that the Board of Directors and the Board
                                                   Dewan Komisaris tentang tanggung jawab atas          250                       of Commissioners are fully responsible for the Annual
                                                   Laporan Tahunan;                                                               Report;




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                         Keterangan                                                                 Description
                                                                  Page
2.   Uraian Isi Laporan Tahunan                                            2.   Description of Content of Annual Report
     a.   Ikhtisar Data Keuangan Penting                                        a.   Summary of Key Financial Information
          Ikhtisar Data Keuangan Penting memuat                                      Summary of Key Financial Information contains financial
          informasi keuangan yang disajikan dalam bentuk                             information presented in comparison with previous 3
          perbandingan selama 3 (tiga) tahun buku atau sejak                         (three) fiscal years or since commencement of business
          memulai usahanya jika Emiten atau Perusahaan                               if the Issuers or the Public Company commencing the
          Publik tersebut menjalankan kegiatan usahanya                              business less than 3 (three) years, at least contain:
          kurang dari 3 (tiga) tahun, paling sedikit memuat:
          1)    pendapatan/penjualan;                                                1)    income/sales;
          2)    laba bruto;                                                          2)    gross profit;
          3)    laba (rugi);                                                         3)    profit (loss);
          4)    jumlah laba (rugi) yang dapat diatribusikan                          4)    total profit (loss) attributable to equity holders of
                kepada pemilik entitas induk dan                                           the parent entity and non-controlling interest;
                kepentingan non pengendali;
          5)    total laba (rugi) komprehensif;                                      5)    total comprehensive profit (loss);
          6)    jumlah laba (rugi) komprehensif yang dapat                           6)    total comprehensive profit (loss) attributable
                diatribusikan kepada pemilik entitas induk                                 to equity holders of the parent entity and non
                dan kepentingan non pengendali;                    15                      controlling interest;
          7)    laba (rugi) per saham;                                               7)    earning (loss) per share;
          8)    jumlah aset;                                                         8)    total assets;
          9)    jumlah liabilitas;                                                   9)    total liabilities;
          10)   jumlah ekuitas;                                                      10)   total equities;
          11)   rasio laba (rugi) terhadap jumlah aset;                              11)   profit (loss) to total assets ratio;
          12)   rasio laba (rugi) terhadap ekuitas;                                  12)   profit (loss) to equities ratio;
          13)   rasio laba (rugi) terhadap pendapatan/                               13)   profit (loss) to income ratio;
                penjualan;
          14)   rasio lancar;                                                        14)   current ratio;
          15)   rasio liabilitas terhadap ekuitas;                                   15)   liabilities to equities ratio;
          16)   rasio liabilitas terhadap jumlah aset; dan                           16)   liabilities to total assets ratio; and
          17)   informasi dan rasio keuangan lainnya yang                            17)   other information and financial ratios relevant
                relevan dengan Emiten atau Perusahaan                                      to the Issuer or Public Company and type of
                Publik dan jenis industrinya;                                              industry;
     b.   Informasi Saham                                                       b.   Stock Information
          Informasi Saham ( jika ada) paling sedikit memuat:                         Stock Information (if any) at least contains:
          1)    saham yang telah diterbitkan untuk setiap                            1)    shares issued for each three-month period in the
                masa triwulan ( jika ada) yang disajikan dalam                             last 2 (two) fiscal years (if any), at least covering:
                bentuk perbandingan selama 2 (dua) tahun
                buku terakhir, paling sedikit meliputi:
                a)   jumlah saham yang beredar;                                            a)     number of outstanding shares;
                b)   kapitalisasi pasar berdasarkan harga                                  b)     market capitalization based on the price
                     pada Bursa Efek tempat saham                                                 at the Stock Exchange where the shares
                     dicatatkan;                                                                  listed on;
                c)   harga saham tertinggi, terendah, dan                                  c)     highest share price, lowest share price,
                     penutupan berdasarkan harga pada                                             closing share price at the Stock Exchange
                     Bursa Efek tempat saham dicatatkan;                                          where the shares listed on; and
                                                                                                                                                    Bakrieland Annual Report 2024




                                                                   17
                     dan
                d)   volume perdagangan pada Bursa Efek                                    d)     share volume at the Stock Exchange where
                     tempat saham dicatatkan;                                                     the shares listed on;
                Informasi pada huruf a) diungkap oleh Emiten                               Information in point a) should be disclosed by the
                yang merupakan Perusahaan Terbuka yang                                     Issuer, the public company whose shares is listed
                sahamnya tercatat maupun tidak tercatat di                                 or not listed in the Stock Exchange;
                Bursa Efek;
                Informasi pada huruf b), c), dan huruf d)                                  Information in point b), point c), and point d) only
                hanya diungkapkan jika Emiten merupakan                                    be disclosed if the Issuer is a public company
                Perusahaan Terbuka dan sahamnya tercatat                                   whose shares is listed in the Stock Exchange;
                di Bursa Efek;




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                                                                                             Page
                                       2)    dalam hal terjadi aksi korporasi,                             2)    in the event of corporate actions, including stock
                                             seperti pemecahan saham (stock split),                              split, reverse stock, dividend, bonus share, and
                                             penggabungan saham (reverse stock),                                 change in par value of shares, then the share
                                             dividen saham, saham bonus, dan perubahan                           price referred to in point 1), should be added with
                                                                                              17
                                             nilai nominal saham, informasi saham                                explanation on:
                                             sebagaimana dimaksud pada angka 1)
                                             ditambahkan penjelasan paling sedikit
                                             mengenai:
                                             a)   tanggal pelaksanaan aksi korporasi;                            a)    date of corporate action;
                                             b)   rasio pemecahan saham (stock split),                           b)    stock split ratio, reverse stock, dividend,
                                                  penggabungan saham (reverse stock),                                  bonus shares, and change in par value of
                                                  dividen saham, saham                                                 shares;
                                             c)   jumlah saham beredar sebelum dan                               c)    number of outstanding shares prior to and
                                                                                              17
                                                  sesudah aksi korporasi; dan                                          after corporate action; and
                                             d)   jumlah efek konversi yang dilaksanakan                         d)    The number of convertible securities
                                                  ( jika ada); dan                                                     exercised (if any); and
                                             e)   harga saham sebelum dan sesudah aksi                           e)    share price prior to and after corporate
                                                  korporasi;                                                           action;
                                       3)    dalam hal terjadi penghentian sementara                       3)    in the event that the company’s shares were
                                             perdagangan saham (suspension), dan/atau                            suspended and/or delisted from trading during
                                             penghapusan pencatatan saham (delisting)                            the year under review, then the Issuers or Public
                                             dalam tahun buku, Emiten atau Perusahaan                            Company should provide explanation on the
                                                                                              17
                                             Publik menjelaskan alasan penghentian                               reason for the suspension and/or delisting; and
                                             sementara perdagangan saham (suspension)
                                             dan/atau penghapusan pencatatan saham
                                             (delisting) tersebut; dan
                                       4)    dalam hal penghentian sementara                               4)    in the event that the suspension and/or delisting
                                             perdagangan saham (suspension) dan/atau                             as referred to in point 3) was still in effect until
                                             penghapusan pencatatan saham (delisting)                            the date of the Annual Report, then the Issuer
                                             sebagaimana dimaksud pada angka 3) masih                            or the Public Company should also explain the
                                             berlangsung hingga akhir periode Laporan                            corporate actions taken by the company in
                                             Tahunan, Emiten atau Perusahaan Publik           17                 resolving the suspension and/or delisting;
                                             menjelaskan tindakan yang dilakukan untuk
                                             menyelesaikan penghentian sementara
                                             perdagangan saham (suspension) dan/atau
                                             penghapusan pencatatan saham (delisting)
                                             tersebut;
                                  c.   Laporan Direksi                                                c.   The Board of Directors Report
                                       Laporan Direksi paling sedikit memuat:                              The Board of Directors Report should at least contain
                                                                                                           the following items:
                                       1)    uraian singkat mengenai kinerja Emiten atau                   1)    the performance of the Issuer or Public
                                             Perusahaan Publik, paling sedikit meliputi:                         Company, at least covering:


                                             a)   strategi dan kebijakan strategis Emiten                        a)    strategy and strategic policies of the Issuer
                                                  atau Perusahaan Publik;                                              or Public Company;
                                             b)   peranan Direksi dalam perumusan                                b)    Role of the Board of Directors in
                                                  strategi dan kebijakan strategis Emiten                              formulating strategies and strategic policies
                                                  atau Perusahaan Publik;                                              of Issuers or Public Companies;


                                             c)   proses yang dilakukan Direksi untuk        26-62               c)    Process carried out by the Board of
                                                  memastikan implementasi strategi                                     Directors to ensure the implementation of
                                                  Emiten atau Perusahaan Publik;                                       the Issuer’s or Public Company’s strategy;
Bakrieland Laporan Tahunan 2024




                                             d)   perbandingan antara hasil yang dicapai                         d)    comparison between achievement of
                                                  dengan yang ditargetkan; dan                                         results and targets; and


                                             e)   kendala yang dihadapi Emiten atau                              e)    challenges faced by the Issuer or Public
                                                  Perusahaan Publik;                                                   Company;
                                       2)    gambaran tentang prospek usaha;                               2)    description on business prospects;
                                       3)    penerapan tata kelola Emiten atau                             3)    implementation of good corporate governance
                                             Perusahaan Publik; dan                                              by Issuer or Public Company; and
                                       4)    perubahan komposisi anggota Direksi dan                       4)    changes in the composition of the Board of
                                             alasan perubahannya ( jika ada);                                    Directors and the reason behind (if any);




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                   Keterangan                                                          Description
                                                            Page
d.   Laporan Dewan Komisaris                                         d.   The Board of Commissioners Report
     Laporan Dewan Komisaris paling sedikit memuat:                       The Board of Commissioners Report should at least
                                                                          contain the following items:
     1)    Penilaian terhadap kinerja Direksi mengenai                    1)    Assessment on the performance of the Board of
           pengelolaan Emiten atau Perusahaan Publik;                           Directors in managing the Issuer or the Public
                                                                                Company;
     2)    Pengawasan terhadap implementasi strategi        64-78         2)    Supervision on the implementation of the
           Emiten atau Perusahaan Publik;                                       strategy of the Issuer or Public Company;
     3)    Pandangan atas prospek usaha Emiten atau                       3)    View on the business prospects of the Issuer or
           Perusahaan Publik yang disusun oleh Direksi;                         Public Company as established by the Board of
                                                                                Directors;
     4)    Pandangan atas penerapan tata kelola Emiten                    4)    View on the implementation of the corporate
           atau Perusahaan Publik;                                              governance by the Issuer or Public Company;
     5)    Perubahan komposisi anggota Dewan                              5)    Changes in the composition of the Board of
           Komisaris dan alasan perubahannya ( jika                             Commissioners and the reason behind (if any);
           ada); dan                                                            and
e.   Profil Emiten atau Perusahaan Publik                   22-53    e.   Profile of the Issuer or Public Company
     Profil Emiten atau Perusahaan Publik paling sedikit                  Profile of the Issuer or Public Company should cover
                                                            22-53
     memuat:                                                              at least:
     1)    Nama Emiten atau Perusahaan Publik                             1)    Name of Issuer or Public Company, including
           termasuk apabila terdapat perubahan nama,                            change of name, reason of change, and the
                                                             22
           alasan perubahan, dan tanggal efektif                                effective date of the change of name during the
           perubahan nama pada tahun buku;                                      year under review;
     2)    Akses terhadap Emiten atau Perusahaan                          2)    access to Issuer or Public Company, including
           Publik termasuk kantor cabang atau kantor                            branch office or representative office, where
           perwakilan yang memungkinkan masyarakat                              public can have access of information of the
           dapat memperoleh informasi mengenai                                  Issuer or Public Company, which include:
           Emiten atau Perusahaan Publik, meliputi:
           a)    Alamat;                                                        a)    Address;
                                                             22
           b)   Nomor telepon;                                                  b)    Telephone number;
           c)   Nomor faksimili;                                                c)    Facsimile number;
           d)   Alamat surat elektronik; dan                                    d)    E-mail address; and
           e)   Alamat Situs Web;                                               e)    Website address;
     3)    Riwayat singkat Emiten atau Perusahaan                         3)    Brief history of the Issuer or Public Company;
                                                             24
           Publik;
     4)    Visi dan misi Emiten atau Perusahaan Publik;                   4)    Vision and mission of the Issuer or Public
                                                             28
                                                                                Company;
     5)    Kegiatan usaha menurut anggaran dasar                          5)    Line of business according to the latest Articles
           terakhir, kegiatan usaha yang dijalankan pada                        of Association, and types of products and/or
                                                             29
           tahun buku, serta jenis barang dan/atau jasa                         services produced;
           yang dihasilkan;
     6)    Wilayah operasional Emiten atau Perusahaan                     6)    Operational area of the Issuer or Public Company
                                                             30
           Publik;
     7)    Struktur organisasi Emiten atau Perusahaan                     7)    Structure of organization of the Issuer or Public
           Publik dalam bentuk bagan, paling sedikit                            Company in chart form, at least 1 (one) level
           sampai dengan struktur 1 (satu) tingkat di        32                 below the Board of Directors, with the names
           bawah Direksi, disertai dengan nama dan                              and titles;
           jabatan;
                                                                                                                                    Bakrieland Annual Report 2024




     8)    daftar keanggotaan asosiasi industri baik                      8)    List of industry association memberships both on
           dalam skala nasional maupun internasional                            a national and international scale related to the
                                                             34
           yang berkaitan dengan penerapan keuangan                             implementation of sustainable finance;
           berkelanjutan




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                                  9)   Profil Direksi, paling sedikit memuat:                       9)   The Board of Directors profiles include:
                                       a)   Nama dan jabatan yang sesuai dengan                          a)   Name and short description of duties and
                                            tugas dan tanggung jawab;                                         functions;
                                       b)   Foto terbaru;                                                b)   Latest photograph;
                                       c)   Usia;                                                        c)   Age;
                                       d)   Kewarganegaraan;                                             d)   Citizenship;
                                       e)   Riwayat pendidikan;                                          e)   Education;
                                       f)   Riwayat jabatan, meliputi informasi:                         f)   history position, covering information on:
                                            (1)     Dasar hukum penunjukan sebagai                            (1)    Legal basis for appointment as
                                                    anggota Direksi pada Emiten                                      member of the Board of Directors to
                                                    atau Perusahaan Publik yang                                      the said Issuer or Public Company;
                                                    bersangkutan;
                                            (2)     Rangkap jabatan, baik sebagai                             (2)    Dual position, as member of the
                                                    anggota Direksi, anggota Dewan                                   Board of Directors, member of the
                                                    Komisaris, dan/atau anggota                                      Board of Commissioners, and/or
                                                    komite serta jabatan lainnya ( jika                              member of committee, and other
                                                    ada); dan                                                        position (if any); and
                                            (3)     Pengalaman kerja beserta periode                          (3)    Working experience and period
                                                    waktunya baik di dalam maupun                                    in and outside the Issuer or Public
                                                    di luar Emiten atau Perusahaan                                   Company;
                                                    Publik;
                                       g)   hubungan afiliasi dengan anggota                             g)   Affiliation with other members of the Board
                                            Direksi lainnya, anggota Dewan                                    of Directors, members of the Board of
                                            Komisaris, pemegang saham utama,                                  Commissioners, majority and controlling
                                            dan pengendali baik langsung maupun                               shareholders, either directly or indirectly
                                            tidak langsung sampai kepada pemilik                              to individual owners, including names
                                            individu, meliputi nama pihak yang                                of affiliated parties. In the event that a
                                            terafiliasi;                                                      member of the Board of Directors has no
                                                                                                              affiliation, the Issuer or Public Company
                                                                                                              shall disclose this matter; and
                                       h)   perubahan komposisi anggota Direksi                          h)   Changes in the composition of the
                                            dan alasan perubahannya. Dalam hal                                members of the Board of Directors and the
                                            tidak terdapat perubahan komposisi                                reasons for the changes. In the event that
                                            anggota Direksi, maka diungkapkan                                 there is no change in the composition of
                                            mengenai hal tersebut;                                            the members of the Board of Directors, this
                                                                                                              matter shall be disclosed;
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                 Keterangan                                                     Description
                                                          Page
10)   Profil Dewan Komisaris, paling sedikit                       10)   The Board of Commissioners profiles, at least
      memuat:                                                            include:
      a)   Nama;                                                         a)   Name;
      b)   Foto terbaru;                                                 b)   Latest photograph;
      c)   Usia;                                                         c)   Age;
      d)   Kewarganegaraan;                                              d)   Citizenship;
      e)   Riwayat pendidikan;                                           e)   Education;
      f)   Riwayat jabatan, meliputi informasi:                          f)   History position, covering information on:
           (1)     Dasar hukum penunjukan sebagai                             (1)    Legal basis for the appointment
                   anggota Dewan Komisaris yang                                      as member of the Board of
                   bukan merupakan Komisaris                                         Commissioners who is not
                   Independen pada Emiten                                            Independent Commissioner at the
                   atau Perusahaan Publik yang                                       said Issuer or Public Company;
                   bersangkutan;
           (2)     Dasar hukum penunjukan pertama                             (2)    Legal bases for the first
                   kali sebagai anggota Dewan                                        appointment as member of the
                   Komisaris yang merupakan                                          Board of Commissioners who also
                   Komisaris Independen pada Emiten                                  Independent Commissioner at the
                   atau Perusahaan Publik yang                                       said Issuer or Public Company;
                   bersangkutan;
           (3)     Rangkap jabatan, baik sebagai                              (3)    Dual position; as member of the
                   anggota Dewan Komisaris,                                          Board of Commissioners, member
                   anggota Direksi, dan/atau anggota      36-38                      of the Board of Directors, and/or
                   komite serta jabatan lainnya ( jika                               member of committee and other
                   ada); dan                                                         position (if any); and
           (4)     Pengalaman kerja beserta periode                           (4)    Working experience and period
                   waktunya baik di dalam maupun                                     in and outside the Issuer or Public
                   di luar Emiten atau Perusahaan                                    Company;
                   Publik;
      g)   Hubungan afiliasi dengan anggota                              g)   Affiliation with other members of the Board
           Dewan Komisaris lainnya, pemegang                                  of Commissioners, major shareholders,
           saham utama, dan pengendali baik                                   and controllers either directly or indirectly
           langsung maupun tidak langsung sampai                              to individual owners, including names
           kepada pemilik individu, meliputi nama                             of affiliated parties; In the event that a
           pihak yang terafiliasi                                             member of the Board of Commissioners
                                                                              has no affiliation, the Issuer or Public
                                                                              Company shall disclose this matter;
      h)   Pernyataan independensi Komisaris                             h)   Statement of independence of
           Independen dalam hal Komisaris                                     Independent Commissioner in the event
           Independen telah menjabat lebih dari 2                             that the Independent Commissioner has
           (dua) periode ( jika ada);                                         been appointed more than 2 (two) periods
                                                                              (if any);
      i)   Perubahan komposisi anggota Dewan                             i)   Changes in the composition of the
           Komisaris dan alasan perubahannya.                                 members of the Board of Commissioners
           Dalam hal tidak terdapat perubahan                                 and the reasons for the changes. In the
           komposisi anggota Dewan Komisaris,                                 event that there is no change in the
           maka diungkapkan mengenai hal                                      composition of the members of the Board
           tersebut;                                                          of Commissioners, this matter shall be
                                                                              disclosed;
11)   Dalam hal terdapat perubahan susunan                         11)   In the event that there were changes in the
      anggota Direksi dan/atau anggota Dewan                             composition of the Board of Commissioners and/
      Komisaris yang terjadi setelah tahun buku                          or the Board of Directors occurring between the
      berakhir sampai dengan batas waktu                                 period after year-end until the date the Annual
      penyampaian Laporan Tahunan, susunan                 35            Report submitted, then the last and the previous
                                                                                                                              Bakrieland Annual Report 2024




      yang dicantumkan dalam Laporan Tahunan                             composition of the Board of Commissioners and/
      adalah susunan anggota Direksi dan/atau                            or the Board of Directors shall be stated in the
      anggota Dewan Komisaris yang terakhir dan                          Annual Report;
      sebelumnya;
12)   Jumlah karyawan menurut jenis kelamin,                       12)   Number of employees by gender, position,
      jabatan, usia, tingkat pendidikan, dan status                      age, education level, and employment status
      ketenagakerjaan (tetap/kontrak) dalam tahun         85-86          (permanent/contracted) in the fiscal year;
      buku;                                                              Disclosure of information can be presented in
                                                                         tabular form.




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                                                                                         Page
                                  13)   Nama pemegang saham dan persentase                        13)   Names of shareholders and ownership
                                        kepemilikan pada akhir tahun buku, yang                         percentage at the end of the fiscal year,
                                        terdiri dari:                                                   including:
                                        a)   Pemegang saham yang memiliki 5%                            a)   Shareholders having 5% (five percent) or
                                             (lima persen) atau lebih saham Emiten                           more shares of Issuer or Public Company;
                                             atau Perusahaan Publik;
                                        b)   Anggota Direksi dan anggota Dewan           47-48          b)   Commissioners and Directors who own
                                             Komisaris yang memiliki saham Emiten                            shares of the Issuers or Public Company;
                                             atau Perusahaan Publik; dan                                     and
                                        c)   Kelompok pemegang saham                                    c)   Groups of public shareholders, or groups of
                                             masyarakat, yaitu kelompok pemegang                             shareholders, each with less than 5% (five
                                             saham yang masing-masing memiliki                               percent) ownership shares of the Issuers or
                                             kurang dari 5% (lima persen) saham                              Public Company;
                                             emiten atau perusahaan publik;
                                  14)   Persentase kepemilikan tidak langsung                     14)   The percentage of indirect ownership of the
                                        atas saham Emiten atau Perusahaan Publik                        shares of the Issuer or Public Company by
                                        oleh anggota Direksi dan anggota Dewan                          members of the Board of Directors and members
                                        Komisaris pada awal dan akhir tahun buku,                       of the Board of Commissioners at the beginning
                                        termasuk informasi mengenai pemegang             47-48          and end of the fiscal year, including information
                                        saham yang terdaftar dalam daftar pemegang                      on shareholders registered in the shareholder
                                        saham untuk kepentingan kepemilikan tidak                       register for the benefit of indirect ownership of
                                        langsung anggota Direksi dan anggota                            members of the Board of Directors and members
                                        Dewan Komisaris;                                                of the Board of Commissioners;
                                  15)   Jumlah pemegang saham dan persentase                      15)   Number of shareholders and ownership
                                        kepemilikan per akhir tahun buku                                percentage at the end of the fiscal year, based
                                        berdasarkan klasifikasi:                                        on:
                                        a)   Kepemilikan institusi lokal;                               a)   Ownership of local institutions;
                                                                                         47-48
                                        b)   Kepemilikan institusi asing;                               b)   Ownership of foreign institutions;
                                        c)   Kepemilikan individu lokal; dan                            c)   Ownership of local individual; and
                                        d)   Kepemilikan individu asing;                                d)   Ownership of foreign individual;
                                  16)   Informasi mengenai pemegang saham utama                   16)   Information on major shareholders and
                                        dan pengendali Emiten atau Perusahaan                           controlling shareholders the Issuers of Public
                                        Publik, baik langsung maupun tidak langsung,     47-48          Company, directly or indirectly, and also
                                        sampai kepada pemilik individu, yang                            individual shareholder, presented in the form of
                                        disajikan dalam bentuk skema atau bagan;                        scheme or diagram;
                                  17)   Nama entitas anak, perusahaan asosiasi,                   17)   Name of subsidiaries, associated companies,
                                        perusahaan ventura bersama dimana                               joint venture controlled by Issuers or Public
                                        Emiten atau Perusahaan Publik memiliki                          Company, with entity, percentage of stock
                                        pengendalian bersama entitas, beserta             45            ownership, line of business, total assets
                                        persentase kepemilikan saham, bidang                            and operating status of the Issuers of Public
                                        usaha, total aset, dan status operasi Emiten                    Company (if any);
                                        atau Perusahaan Publik tersebut ( jika ada);
                                        Untuk entitas anak, ditambahkan informasi                       For subsidiaries, include the addresses of the
                                                                                          45
                                        mengenai alamat entitas anak tersebut;                          said subsidiaries;
                                  18)   Kronologi pencatatan saham, jumlah saham,                 18)   Chronology of share listing, number of shares,
                                        nilai nominal, dan harga penawaran dari awal                    par value, and bid price from the beginning of
                                        pencatatan hingga akhir tahun buku serta          49            listing up to the end of the financial year, and
                                        nama Bursa Efek dimana saham Emiten atau                        name of Stock Exchange where the Issuers of
                                        Perusahaan Publik dicatatkan ( jika ada);                       Public Company shares are listed;
                                  19)   Informasi pencatatan efek lainnya selain efek             19)   Other securities listing information other than
                                        sebagaimana dimaksud pada angka 18), yang                       the securities as referred to in number 18), which
                                        belum jatuh tempo pada tahun buku paling                        have not yet matured in the fiscal year, at least
Bakrieland Laporan Tahunan 2024




                                        sedikit memuat nama efek, tahun penerbitan,       49            contain the name of the securities, year of issue,
                                        tingkat suku bunga/imbal hasil, tanggal jatuh                   interest rate/yield, maturity date, offering value,
                                        tempo, nilai penawaran, dan peringkat efek                      and securities rating (if any);
                                        ( jika ada);




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                   Keterangan                                                               Description
                                                               Page
     20)   Informasi penggunaan jasa akuntan publik                           20)   Information on the use of a Public Accountant
           (AP) dan kantor akuntan publik (KAP) beserta                             (AP) and a Public Accounting firm (KAP) services
           jaringan/asosiasi/aliansinya meliputi:                                   and their networks/associations/alliances
                                                                                    include:
           a)   nama dan alamat;                                                    a)    name and address;
           b)   periode penugasan;                                                  b)    period of assignment;
                                                                 50
           c)   informasi jasa audit dan/atau non audit                             c)    informasi jasa audit dan/atau non audit
                yang diberikan;                                                           yang diberikan;
           d)   biaya jasa (fee) audit dan/atau non audit                           d)    Audit and/or non-audit fees for each
                untuk masing-masing penugasan yang                                        assignment given during the fiscal year;
                diberikan selama tahun buku; dan                                          and


           e)   dalam hal AP dan KAP beserta jaringan/                              e)    In the event that AP and KAP and their
                asosiasi/aliansinya, yang ditunjuk tidak                                  network/association/alliance, which are
                memberikan jasa non audit, maka                  50                       appointed do not provide non-audit
                diungkapkan mengenai informasi                                            services, then the information is disclosed;
                tersebut; dan                                                             and
     21)   Nama dan alamat lembaga dan/atau profesi                           21)   Name and address of capital market supporting
           penunjang pasar modal selain AP dan KAP;                                 institutions and/or professionals other than AP
                                                                                    and KAP
f.   Analisis dan Pembahasan Manajemen                                   f.   Management Discussion and Analysis
     Analisis dan pembahasan manajemen memuat                                 Management Analysis and Discussion Annual should
     analisis dan pembahasan mengenai laporan                                 contain discussion and analysis on financial statements
     keuangan dan informasi penting lainnya dengan                            and other material information emphasizing material
     penekanan pada perubahan material yang terjadi                           changes that occurred during the year under review, at
     dalam tahun buku, yaitu paling sedikit memuat:                           least including:
     1)    Tinjauan operasi per segmen operasi sesuai                         1)    Operational review per business segment,
           dengan jenis industri Emiten atau Perusahaan                             according to the type of industry of the Issuer or
           Publik, paling sedikit mengenai:                                         Public Company including:
           a)   Produksi, yang meliputi proses,                101-119              a)    Production, including process, capacity,
                kapasitas, dan perkembangannya;                                           and growth;
           b)   Pendapatan/penjualan; dan                                           b)    Income/sales; and
           c)   Profitabilitas;                                                     c)    Profitability;
     2)    Kinerja keuangan komprehensif yang                                 2)    comprehensive financial performance analysis
           mencakup perbandingan kinerja keuangan                                   which includes a comparison between the
           dalam 2 (dua) tahun buku terakhir, penjelasan                            financial performance of the last 2 (two) fiscal
           tentang penyebab adanya perubahan dan                                    years, and explanation on the causes and effects
           dampak perubahan tersebut, paling sedikit                                of such changes, among others concerning:
           mengenai:
           a)   Aset lancar, aset tidak lancar, dan total                           a)    Current assets, non-current assets, and
                aset;                                                                     total assets;
                                                              120-124
           b)   Liabilitas jangka pendek, liabilitas jangka                         b)    Short term liabilities, long term liabilities,
                panjang, dan total liabilitas;                                            total liabilities;
           c)   Ekuitas;                                                            c)    Equities;
           d)   Pendapatan/penjualan, beban, laba                                   d)    Sales/operating revenues, expenses and
                (rugi), penghasilan komprehensif lain,                                    profit (loss), other comprehensive revenues,
                dan total laba (rugi) komprehensif; dan                                   and total comprehensive profit (loss); and
           e)   Arus kas                                                            e)    Cash flows
     3)    Kemampuan membayar utang dengan                                    3)    The capacity to pay debts by including the
                                                                124
           menyajikan perhitungan rasio yang relevan;                               computation of relevant ratios;
                                                                                                                                           Bakrieland Annual Report 2024




     4)    Tingkat kolektibilitas piutang emiten atau                         4)    Accounts receivable collectability of the Issuer
           perusahaan publik dengan menyajikan                  125                 or Public Company, including the computation of
           perhitungan rasio yang relevan;                                          the relevant ratios;
     5)    Struktur modal (capital structure) dan                             5)    Capital structure and management policies
           kebijakan manajemen atas struktur modal                                  concerning capital structure, including the basis
                                                                125
           (capital structure) tersebut disertai dasar                              for determining the said policy;
           penentuan kebijakan dimaksud;




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                                  6)    Bahasan mengenai ikatan yang material                     6)    discussion on material ties for the investment
                                        untuk investasi barang modal dengan                             of capital goods, including the explanation on
                                        penjelasan paling sedikit meliputi:                             at least:
                                        a)   Tujuan dari ikatan tersebut;                               a)    The purpose of such ties;
                                        b)   Sumber dana yang diharapkan untuk                          b)    Source of funds expected to fulfill the said
                                             memenuhi ikatan tersebut;                                        ties;
                                                                                          126
                                        c)   Mata uang yang menjadi denominasi;                         c)    Currency of denomination; and
                                             dan
                                        d)   Langkah yang direncanakan emiten atau                      d)    Steps taken by the Issuer of Public
                                             perusahaan publik untuk melindungi                               Company to protect the position of a
                                             risiko dari posisi mata uang asing yang                          related foreign currency against risks;
                                             terkait;
                                  7)    Bahasan mengenai investasi barang modal                   7)    Discussion on investment of capital goods
                                        yang direalisasikan dalam tahun buku                            which was realized in the last fiscal year, at least
                                        terakhir, paling sedikit meliputi:                              include:
                                        a)   Jenis investasi barang modal;                              a)    Type of investment of capital goods;
                                                                                          126
                                        b)   Tujuan investasi barang modal; dan                         b)    Objective of the investment of capital
                                                                                                              goods; and
                                        c)   Nilai investasi barang modal yang                          c)    Value of the investment of capital goods;
                                             dikeluarkan;
                                  8)    Informasi dan fakta material yang terjadi                 8)    Material Information and facts that occurring after
                                                                                          126
                                        setelah tanggal laporan akuntan ( jika ada);                    the date of the accountant’s report (if any);
                                  9)    Prospek usaha dari emiten atau perusahaan                 9)    Information on the prospects of the Issuer or the
                                        publik dikaitkan dengan kondisi industri,                       Company in connection with industry,economy
                                        ekonomi secara umum dan pasar                                   in general, accompanied with supporting
                                                                                          127
                                        internasional disertai data pendukung                           quantitative data if there is a reliable data source;
                                        kuantitatif dari sumber data yang layak
                                        dipercaya;
                                  10)   Perbandingan antara target/proyeksi pada                  10)   Comparison between target/projection at
                                        awal tahun buku dengan hasil yang dicapai                       beginning of year and result (realization),
                                        (realisasi), mengenai:                                          concerning:
                                        a)   Pendapatan/penjualan;                                      a)    Income/sales;
                                        b)   Laba (rugi);                                 128           b)    Profit (loss);
                                        c)   Struktur modal (capital structure);                        c)    Capital structure; or
                                        d)   Kebijakan dividen; atau                                    d)    Dividend policy; or
                                        e)   Hal lainnya yang dianggap penting bagi                     e)    Others that deemed necessary for the
                                             Emiten atau Perusahaan Publik;                                   Issuer or Public Company;
                                  11)   Target/proyeksi yang ingin dicapai Emiten                 11)   Target/projection at most for the next one year of
                                        atau Perusahaan Publik untuk 1 (satu) tahun                     the Issuer or Public Company, concerning:
                                        mendatang, mengenai:
                                        a)   Pendapatan/penjualan;                                      a)    Income/sales;
                                        b)   Laba (rugi);                                 128           b)    Profit (loss);
                                        c)   Struktur modal (capital structure);                        c)    Capital structure; or
                                        d)   Kebijakan dividen; atau                                    d)    Dividend policy;
                                        e)   Hal lainnya yang dianggap penting bagi                     e)    Or others that deemed necessary for the
                                             Emiten atau Perusahaan Publik;                                   Issuer or Public Company;
Bakrieland Laporan Tahunan 2024




                                  12)   Aspek pemasaran atas barang dan/atau jasa                 12)   Marketing aspects of the company’s products
                                        Emiten atau Perusahaan Publik, paling sedikit                   and/or services the Issuer or Public Company,
                                                                                          129
                                        mengenai strategi pemasaran dan pangsa                          among others marketing strategy and market
                                        pasar;                                                          share;




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              Keterangan                                                         Description
                                                          Page
13)   Uraian mengenai dividen selama 2 (dua)                        13)   Description regarding the dividend policy during
      tahun buku terakhir ( jika ada), paling sedikit:                    the last 2 (two) fiscal years, at least:
      a)   Kebijakan dividen;                                             a)   Dividend policy;
      b)   Tanggal pembayaran dividen kas dan/                            b)   The date of the payment of cash dividend
           atau tanggal distribusi dividen non kas;                            and/or date of distribution of non-cash
                                                                               dividend;
      c)   Jumlah dividen per saham (kas dan/atau          130            c)   Amount of cash per share (cash and/or non
           non kas); dan                                                       cash); and
      d)   Jumlah dividen per tahun yang dibayar;                         d)   Amount of dividend per year paid;
      Dalam hal Emiten atau Perusahaan Publik                             Disclosure of information can be presented in
      tidak membagikan dividen dalam 2 (dua)                              tabular form. In the event that the Issuer or Public
      tahun terakhir, maka diungkapkan mengenai                           Company does not distribute dividends in the
      hal tersebut.                                                       last 2 (two) years, this matter shall be disclosed.


14)   Realisasi penggunaan dana hasil Penawaran                     14)   Use of proceeds from Public Offerings, under the
      Umum, dengan ketentuan:                                             condition of:
      a)   Dalam hal selama tahun buku, Emiten                            a)   during the year under review, on which
           memiliki kewajiban menyampaikan                                     the Issuer has the obligation to report the
           laporan realisasi penggunaan                                        realization of the use of proceeds, then
           dana, maka diungkapkan realisasi                                    the realization of the cumulative use of
           penggunaan dana hasil Penawaran                                     proceeds until the year end should be
           Umum secara kumulatif sampai dengan             130                 disclosed; and
           akhir tahun buku; dan
      b)   Dalam hal terdapat perubahan                                   b)   In the event that there were changes
           penggunaan dana sebagaimana diatur                                  in the use of proceeds as stipulated in
           dalam Peraturan Otoritas Jasa Keuangan                              the Regulation of the Financial Services
           tentang Laporan Realisasi Penggunaan                                Authority on the Report of the Utilization of
           Dana Hasil Penawaran Umum, maka                                     Proceeds from Public Offering, then Issuer
           Emiten menjelaskan perubahan tersebut;                              should explain the said changes;
15)   Informasi material ( jika ada), antara lain                   15)   Material information (if any), among others
      mengenai investasi, ekspansi, divestasi,                            concerning investment, expansion, divestment,
      penggabungan/peleburan usaha, akuisisi,                             acquisition, debt/capital restructuring,
      restrukturisasi utang/modal, transaksi Afiliasi,                    transactions with related parties and transactions
      dan transaksi yang mengandung benturan                              with conflict of interest that occurred during the
      kepentingan, yang terjadi pada tahun buku,          130-132         year under review, among others include:
      antara lain memuat:
      a)   Tanggal, nilai, dan objek transaksi;                           a)   Transaction date, value, and object;
      b)   Nama pihak yang melakukan transaksi;                           b)   Name of transacting parties;




                                                                                                                                 Bakrieland Annual Report 2024




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                                                                                                 Page
                                             c)   Sifat hubungan Afiliasi ( jika ada);                               c)   Nature of related parties (if any);
                                             d)   Penjelasan mengenai kewajaran                                      d)   Description of the fairness of the
                                                  transaksi; dan                                                          transaction; and
                                             e)   Pemenuhan ketentuan terkait;                                       e)   Compliance with related rules and
                                                                                                                          regulations;
                                             f)   dalam hal terdapat hubungan afiliasi,                              f)   In the event that there is an affiliation
                                                  selain mengungkapkan informasi                                          relationship, apart from disclosing the
                                                  sebagaimana dimaksud dalam huruf a)                                     information as referred to in letter a) to
                                                  sampai dengan huruf e), Emiten atau                                     letter e), the Issuer or Public Company also
                                                  Perusahaan Publik juga mengungkapkan                                    discloses information:
                                                  informasi:
                                                  1)    Pernyataan Direksi bahwa                                          1)      A statement from the Board of
                                                        transaksi afiliasi telah melalui                                          Directors that the affiliate transaction
                                                        prosedur yang memadai untuk                                               has gone through adequate
                                                        memastikan bahwa transaksi                                                procedures to ensure that the
                                                        afiliasi dilaksanakan sesuai dengan                                       affiliate transaction is carried out in
                                                        praktik bisnis yang berlaku umum                                          accordance with generally accepted
                                                        antara lain dilakukan dengan                                              business practices, by complying with
                                                        memenuhi prinsip transaksi yang                                           the arms-length principle; and
                                                        wajar (arms- length principle); dan
                                                  2)    Peran Dewan Komisaris dan                                         2)      The role of the Board of
                                                        komite audit dalam melakukan                                              Commissioners and the audit
                                                        prosedur yang memadai untuk                                               committee in carrying out adequate
                                                        memastikan bahwa transaksi                                                procedures to ensure that affiliated
                                                        afiliasi dilaksanakan sesuai dengan                                       transactions are carried out in
                                                        praktik bisnis yang berlaku umum                                          accordance with generally accepted
                                                        antara lain dilakukan dengan                                              business practices, by complying with
                                                        memenuhi prinsip transaksi yang                                           the arms-length principle;
                                                        wajar (arms- length principle);
                                             g)   Dalam hal transaksi afiliasi atau transaksi                        g)   For affiliated transactions or material
                                                  material dimaksud telah diungkapkan                                     transactions which are business activities
                                                  dalam laporan keuangan tahunan,                                         carried out to generate business income
                                                  ditambahkan informasi mengenai                                          and are carried out regularly, repeatedly,
                                                  rujukan pengungkapan dalam laporan                                      and/or continuously, an explanation is
                                                  keuangan tahunan tersebut.                                              added that the affiliated transactions or
                                                                                                                          material transactions are business activities
                                                                                                                          carried out to generate operating income.
                                                                                                                          and run regularly, repeatedly, and/or
                                                                                                                          continuously;
                                             h)   Untuk pengungkapan transaksi                                       h)   For disclosure of affiliated transactions and/
                                                  afiliasi dan/atau transaksi benturan                                    or conflict of interest transactions resulting
                                                  kepentingan yang merupakan hasil                                        from the implementation of affiliated
                                                  pelaksanaan transaksi afiliasi dan/                                     transactions and/or conflict of interest
                                                  atau transaksi benturan kepentingan                                     transactions that have been approved
                                                  yang telah disetujui pemegang saham                                     by independent shareholders, additional
                                                  independen, ditambahkan informasi                                       information regarding the date of the GMS
                                                  mengenai tanggal pelaksanaan RUPS                                       which approved the affiliated transactions
                                                  yang menyetujui transaksi afiliasi dan/                                 and/or conflict of interest transactions is
                                                  atau transaksi benturan kepentingan                                     added;
                                                  tersebut;
                                             i)   Dalam hal tidak terdapat transaksi                                 i)   In the event that there is no affiliated
                                                  afiliasi dan/atau transaksi benturan                                    transaction and/or conflict of interest
                                                  kepentingan, maka diungkapkan                                           transaction, then this shall be disclosed;
                                                  mengenai hal tersebut;
                                       16)   Perubahan ketentuan peraturan perundang-                          16)   Changes in regulation which have a significant
                                             undangan yang berpengaruh signifikan                                    effect on the Issuer or Public Company and
Bakrieland Laporan Tahunan 2024




                                             terhadap Emiten atau Perusahaan Publik dan           133                impacts on the company (if any); and
                                             dampaknya terhadap laporan keuangan ( jika
                                             ada); dan
                                       17)   Perubahan kebijakan akuntansi, alasan dan                         17)   Changes in the accounting policy, rationale and
                                             dampaknya terhadap laporan keuangan ( jika           133                impact on the financial statement (if any);
                                             ada);
                                  g.   Tata Kelola Emiten atau Perusahaan Publik                          g.   Corporate Governance of the Issuer or Public Company


                                       Tata kelola Emiten atau Perusahaan Publik paling                        Corporate Governance of the Issuer or Public Company
                                       sedikit memuat uraian singkat mengenai:                                 contains at least:




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                Keterangan                                                       Description
                                                        Page
1)   RUPS, paling sedikit memuat:                                 1)   GMS, at least contains:
     a)   Informasi mengenai keputusan RUPS                                 a)      Information regarding the resolutions
          pada tahun buku dan 1 (satu) tahun                                        of the GMS in the fiscal year and
          sebelum tahun buku meliputi:                                              1 (one) year prior to the fiscal year
                                                                                    include:
                                                       156-160
          1)     keputusan RUPS pada tahun buku                                     1)    Resolutions of the GMS in the
                 dan 1 (satu) tahun sebelum tahun                                         fiscal year and 1 (one) year
                 buku yang direalisasikan pada                                            before the fiscal year realized in
                 tahun buku; dan                                                          the fiscal year; and


          2)     keputusan RUPS pada tahun buku                                     2)    Resolutions of the GMS in the
                 dan 1 (satu) tahun sebelum tahun                                         fiscal year and 1 (one) year
                 buku yang belum direalisasikan          160                              before the fiscal year that have
                 beserta alasan belum                                                     not been realized and the
                 direalisasikan;                                                          reasons for not realizing them;
     b)   dalam hal Emiten atau Perusahaan                                  b)      In the event that the Issuer or Public
          Publik menggunakan pihak independen                                       Company uses an independent party
          dalam pelaksanaan RUPS untuk                   156                        in the conduct of the GMS to calculate
          melakukan perhitungan suara, maka                                         the votes, then this matter shall be
          diungkapkan mengenai hal tersebut;                                        disclosed;
2)   Direksi, mencakup antara lain:                               2)   The Board of Directors, covering:
     a)   Tugas dan tanggung jawab masing-                                  a)      The tasks and responsibilities of each
                                                         166
          masing anggota Direksi;                                                   member of the Board of Directors;
     b)   Pernyataan bahwa Direksi memiliki                                 b)      Statement that the Board of Directors
          pedoman atau piagam (charter) Direksi;         169                        has already have board manual or
                                                                                    charter;
     c)   Kebijakan dan pelaksanaan tentang                                 c)      Policies and implementation of
          frekuensi rapat Direksi, termasuk rapat                                   the frequency of meetings of the
          bersama Dewan Komisaris, dan tingkat                                      Board of Directors, meetings of the
          kehadiran anggota Direksi dalam rapat                                     Board of Directors with the Board
                                                         168
          tersebut termasuk tingkat kehadiran                                       of Commissioners, and the level of
          dalam RUPS;                                                               attendance of members of the Board
                                                                                    of Directors in the meeting including
                                                                                    attendance at the GMS;
     d)   pelatihan dan/atau peningkatan                                    d)      Training and/or competency
          kompetensi anggota Direksi:                                               development of members of the
                                                                                    Board of Directors:
          (1)    kebijakan pelatihan dan/atau                                       (1)   Policies for training and/or
                 peningkatan kompetensi anggota                                           improving the competence
                 Direksi, termasuk program                                                of members of the Board
                 orientasi bagi anggota Direksi yang                                      of Directors, including an
                 baru diangkat ( jika ada); dan          170                              orientation program for newly
                                                                                          appointed members of the
                                                                                          Board of Directors (if any); and
          (2)    pelatihan dan/atau peningkatan                                     (2)   Training and/or competency
                 kompetensi yang diikuti anggota                                          improvement attended by
                 Direksi dalam tahun buku ( jika                                          members of the Board of
                 ada);                                                                    Directors in the fiscal year (if
                                                                                          any);
     e)   penilaian Direksi terhadap kinerja komite                         e)      The Board of Directors’ assessment
          yang mendukung pelaksanaan tugas                                          of the performance of the committees
          Direksi pada tahun buku paling sedikit                                    that support the implementation of
          memuat:                                                                   the Board of Directors’ duties for the
                                                                                    fiscal year shall at least contain:
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          (1)    prosedur penilaian kinerja; dan                                    (1)   Performance appraisal
                                                        170-171
                                                                                          procedures; and
          (2)    kriteria yang digunakan seperti                                    (2)   The criteria used are
                 capaian kinerja selama tahun buku,                                       performance achievements
                 kompetensi dan kehadiran dalam                                           during the fiscal year, are
                 rapat; dan                                                               competence and attendance at
                                                                                          meetings; and
     f)   dalam hal Emiten atau Perusahaan                                  f)      In the event that the Issuer or Public
          Publik tidak memiliki komite yang                                         Company does not have a committee
          mendukung pelaksanaan tugas Direksi,           170                        that supports the implementation of
          maka diungkapkan mengenai hal                                             the duties of the Board of Directors,
          tersebut.                                                                 this matter shall be disclosed.
3)   Dewan Komisaris, mencakup antara lain:                       3)   The Board of Commissioners, among others
                                                                       include:


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                                             Keterangan                                              Description
                                                                                    Page
                                  a)   Tugas dan tanggung jawab Dewan                         a)   Duties and responsibilities of the Board of
                                                                                      161
                                       Komisaris;                                                  Commissioners;
                                  b)   Pernyataan bahwa Dewan Komisaris                       b)   Statement that the Board of Commissioners
                                       memiliki pedoman atau piagam (charter)        162           has already have the board manual or
                                       Dewan Komisaris;                                            charter;
                                  c)   Kebijakan dan pelaksanaan tentang                      c)   Policies and implementation of the
                                       frekuensi rapat Dewan Komisaris,                            frequency of meetings of the Board of
                                       termasuk rapat bersama Direksi, dan                         Commissioners, meetings of the Board of
                                       tingkat kehadiran anggota Dewan              161-162        Commissioners with the Board of Directors
                                       Komisaris dalam rapat tersebut termasuk                     and the level of attendance of members
                                       tingkat kehadiran dalam RUPS;;                              of the Board of Commissioners in these
                                                                                                   meetings including attendance at the GMS;
                                  d)   pelatihan dan/atau peningkatan                         d)   Training and/or competency
                                       kompetensi anggota Dewan Komisaris:                         improvement of members of the Board of
                                                                                                   Commissioners:
                                       (1)    kebijakan pelatihan dan/atau                         (1)   Policy on competency training and/
                                              peningkatan kompetensi anggota                             or development of members of the
                                              Dewan Komisaris, termasuk                                  Board of Commissioners, including
                                              program orientasi bagi anggota                             orientation programs for newly
                                              Dewan Komisaris yang baru                                  appointed members of the Board of
                                              diangkat ( jika ada); dan              163                 Commissioners (if any); and
                                       (2)    pelatihan dan/atau peningkatan                       (2)   Competency training and/or
                                              kompetensi yang diikuti anggota                            development attended by members
                                              Dewan Komisaris dalam tahun                                of the Board of Commissioners in the
                                              buku ( jika ada);                                          fiscal year (if any);
                                  e)   penilaian terhadap kinerja anggota                     e)   The assessment on the performance
                                       Direksi dan anggota Dewan Komisaris                         of the Board of Directors and Board of
                                       dan pelaksanaannya, paling sedikit                          Commissioners and the implementation, at
                                       memuat:                                                     least covering:
                                       (1)    Prosedur pelaksanaan penilaian                       (1)   procedure for the implementation of
                                              kinerja;                              170-171              performance assessment;
                                       (2)    Kriteria yang digunakan seperti                      (2)   Criteria used are performance
                                              capaian kinerja selama tahun buku,                         achievements during the fiscal year,
                                              kompetensi dan kehadiran dalam                             competency and attendance at
                                              rapat; dan                                                 meetings; and
                                       (3)    Pihak yang melakukan penilaian;                      (3)   Assessor;
                                  f)   penilaian Dewan Komisaris terhadap                     f)   Board of Commissioners’ assessment of
                                       kinerja Komite yang mendukung                               the performance of the Committees that
                                       pelaksanaan tugas Dewan Komisaris                           support the implementation of the duties
                                       pada tahun buku meliputi:                                   of the Board of Commissioners in the fiscal
                                                                                                   year includes:
                                       (1)    prosedur penilaian kinerja; dan        163           (1)   Performance appraisal procedures;
                                                                                                         and
                                       (2)    kriteria yang digunakan seperti                      (2)   The criteria used are performance
                                              capaian kinerja selama tahun buku,                         achievements during the fiscal year,
                                              kompetensi dan kehadiran dalam                             competency and attendance at
                                              rapat;                                                     meetings;
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                                                         Page
4)   Nominasi dan remunerasi Direksi dan Dewan                     4)   The nomination and remuneration of the Board
     Komisaris, paling sedikit memuat:                                  of Directors and the Board of Commissioners
                                                                        shall at least contain:
     a)   prosedur nominasi, meliputi uraian                            a)    Nomination procedure, including a brief
          singkat mengenai kebijakan dan proses                               description of the policies and process for
          nominasi anggota Direksi dan/atau                                   nomination of members of the Board of
          anggota Dewan Komisaris; dan                                        Directors and/or members of the Board of
                                                                              Commissioners; and
     b)   prosedur dan pelaksanaan remunerasi                           b)    Procedures and implementation of
          Direksi dan Dewan Komisaris, antara                                 remuneration for the Board of Directors
          lain:                                                               and the Board of Commissioners, among
                                                                              others:
          (1)     prosedur penetapan remunerasi          172-173              (1)    Procedures for determining
                  Direksi dan Dewan Komisaris;                                       remuneration for the Board
                                                                                     of Directors and the Board of
                                                                                     Commissioners;
          (2)     struktur remunerasi Direksi dan                             (2)    The remuneration structure of the
                  Dewan Komisaris seperti, gaji,                                     Board of Directors and the Board
                  tunjangan, tantiem/bonus dan                                       of Commissioners such as salary,
                  lainnya; dan                                                       allowances, tantiem/bonus and
                                                                                     others; and
          (3)     besarnya remunerasi masing-                                 (3)    The amount of remuneration for
                  masing anggota Direksi dan                                         each member of the Board of
                  anggota Dewan Komisaris;                                           Directors and member of the Board of
                                                                                     Commissioners
5)   Dewan Pengawas Syariah, bagi Emiten                           5)   Sharia Supervisory Board, for Issuer or Public
     atau Perusahaan Publik yang menjalankan                            Company that conduct business based on sharia
     kegiatan usaha berdasarkan prinsip syariah                         law, as stipulated in the articles of association, at
     sebagaimana tertuang dalam anggaran dasar,                         least containing:
     paling sedikit memuat:
     a)   nama;                                                         a)    name;
     b)   dasar hukum pengangkatan dewan                                b)    Legal basis for the appointment of the
          pengawas syariah;                                                   sharia supervisory board;
     c)   periode penugasan dewan pengawas                              c)    Period of assignment of the sharia
          syariah;                                                            supervisory board;
     d)   tugas dan tanggung jawab Dewan                                d)    duty and responsibility of Sharia
          Pengawas Syariah; dan                                               Supervisory Board; and
     e)   frekuensi dan cara pemberian                                  e)    frequency and procedure in providing
          nasihat dan saran serta pengawasan                                  advice and suggestion, as well as the
          pemenuhan Prinsip Syariah di Pasar                                  compliance of Sharia Principles by the
          Modal terhadap Emiten atau Perusahaan                               Issuer or Public Company in the Capital
          Publik;                                                             Market;
6)   Komite Audit, mencakup antara lain:                           6)   Audit Committee, among others covering:
     a)   Nama dan jabatannya dalam                                     a)    Name and position in the committee;
                                                          174
          keanggotaan komite;
     b)   Usia;                                           174           b)    Age;
     c)   Kewarganegaraan;                                174           c)    Citizenship;
     d)   Riwayat pendidikan;                             174           d)    Education background;
     e)   Riwayat jabatan, meliputi informasi:                          e)    History of position; including:
          (1)     Dasar hukum untuk pengangkatan                              (1)    Legal basis for appointment as
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                  sebagai anggota komite;                                            committee member;
          (2)     Rangkap jabatan, baik sebagai                               (2)    Dual position, as member of Board
                  anggota Dewan Komisaris,                                           of Commissioners, member of
                  anggota Direksi, dan/atau anggota      174-175                     Board of Directors, and/or member
                  komite serta jabatan lainnya ( jika                                of committee, and other position (if
                  ada); dan                                                          any); and
          (3)     Pengalaman kerja beserta periode                            (3)    working experience and period in and
                  waktunya baik di dalam maupun                                      outside the Issuer or Public Company;
                  di luar Emiten atau Perusahaan
                  Publik;
     f)   Periode dan masa jabatan anggota                              f)    Period and terms of office of the member of
                                                          174
          Komite Audit;                                                       Audit Committee;
     g)   Pernyataan independensi Komite Audit;                         g)    statement of independence of the Audit
                                                          176
                                                                              Committee;

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                                                                                           Page
                                       h)   Pendidikan dan/atau pelatihan yang                            h)   Training and/or competency improvement
                                            telah diikuti dalam tahun buku ( jika ada);     178                that have been followed in the fiscal year
                                            dan                                                                (if any);
                                       i)   Kebijakan dan pelaksanaan tentang                             i)   Policies and implementation of the
                                            frekuensi rapat Komite Audit dan tingkat                           frequency of audit committee meetings and
                                                                                           177-178
                                            kehadiran anggota Komite Audit dalam                               the level of attendance of audit committee
                                            rapat tersebut;                                                    members in those meetings; and
                                       j)   Pelaksanaan kegiatan Komite Audit                             j)   the activities of the Audit Committee in the
                                            pada tahun buku sesuai dengan yang                                 year under review, in accordance with the
                                                                                           176-177
                                            dicantumkan dalam pedoman atau                                     Audit Committee Charter;
                                            piagam (charter) Komite Audit;
                                  7)   Komite atau fungsi nominasi dan remunerasi                    7)   The nomination and remuneration committee or
                                       Emiten atau Perusahaan Publik, paling sedikit                      function of the Issuer or Public Company, at least
                                       memuat:                                                            containing:
                                       a)   Nama dan jabatannya dalam                                     a)   Name and position in committee
                                            keanggotaan komite;                                                membership;
                                       b)   Usia;                                                         b)   Age;
                                       c)   Kewarganegaraan;                                              c)   Nationality;
                                       d)   Riwayat pendidikan;                                           d)   Educational history;
                                       e)   Riwayat jabatan, meliputi informasi:                          e)   Position history, including information on:
                                            (1)     Dasar hukum penunjukan sebagai                             (1)    Legal basis for appointment as
                                                    anggota komite;                        181-182                    committee member;
                                            (2)     Rangkap jabatan, baik sebagai                              (2)    Concurrent positions, either
                                                    anggota Dewan Komisaris,                                          as a member of the Board of
                                                    anggota Direksi, dan/atau anggota                                 Commissioners, member of the
                                                    komite serta jabatan lainnya ( jika                               Board of Directors, and/or committee
                                                    ada); dan                                                         member and other positions (if any);
                                                                                                                      and
                                            (3)     Pengalaman kerja beserta periode                           (3)    Work experience and period of time
                                                    waktunya baik di dalam maupun                                     both inside and outside the Issuer or
                                                    di luar Emiten atau Perusahaan                                    Public Company;
                                                    Publik;
                                       f)   Periode dan masa jabatan anggota                              f)   Period and term of office of the committee
                                                                                             181
                                            komite;                                                            members;
                                       g)   Pernyataan independensi komite;                  181          g)   Statement of committee independence;
                                       h)   Pendidikan dan/atau pelatihan yang                            h)   Training and/or competency improvement
                                            telah diikuti dalam tahun buku ( jika ada);     185                that have been followed in the fiscal year
                                            dan                                                                (if any);
                                       i)   Uraian tugas dan tanggung jawab;                183           i)   Description of duties and responsibilities;
                                       j)   Pernyataan bahwa telah memiliki                               j)   A statement that it has a guideline or
                                                                                           183-184
                                            pedoman atau piagam (charter) komite;                              charter;
                                       k)   Kebijakan dan pelaksanaan tentang                             k)   Policies and implementation of the
                                            frekuensi rapat komite dan tingkat                                 frequency of meetings and the level of
                                                                                            184
                                            kehadiran anggota komite dalam rapat                               attendance of members at the meeting;
                                            tersebut;
                                       l)   uraian singkat pelaksanaan kegiatan                           l)   Brief description of the implementation of
                                                                                            185
                                            pada tahun buku; dan                                               activities in the fiscal year; and
                                       m)   dalam hal tidak dibentuk komite                               m)   In the event that no nomination and
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                                            nominasi dan remunerasi, Emiten                                    remuneration committee is formed, the
                                            atau Perusahaan Publik cukup                                       Issuer or Public Company is sufficient to
                                            mengungkapkan informasi sebagaimana                                disclose the information as referred to in
                                            dimaksud dalam huruf i) sampai dengan                              letter i) to letter l) and disclose:
                                            huruf l) dan mengungkapkan:
                                            (1)     alasan tidak dibentuknya komite;                           (1)    Reasons for not forming the
                                                    dan                                                               committee; and
                                            (2)     pihak yang melaksanakan fungsi                             (2)    The party carrying out the nomination
                                                    nominasi dan remunerasi;                                          and remuneration function;




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                 Keterangan                                                      Description
                                                          Page
8)    Komite lain yang dimiliki Emiten atau                         8)    Other committees owned by Issuers or Public
      Perusahaan Publik dalam rangka mendukung                            Companies in order to support the functions
      fungsi dan tugas Direksi ( jika ada) dan/atau                       and tasks of the Board of Directors (if any) and/
      komite yang mendukung fungsi dan tugas                              or committees that support the functions and
      Dewan Komisaris, paling sedikit memuat:                             duties of the Board of Commissioners, the least
                                                                          contains:
      a)   Nama dan jabatannya dalam                                      a)   Name and position in the Committee;
           keanggotaan komite;
      b)   Usia;                                                          b)   Age;
      c)   Kewarganegaraan;                                               c)   Citizenship;
      d)   Riwayat pendidikan;                                            d)   Education background;
      e)   Riwayat jabatan, meliputi informasi:                           e)   History of position, including:
           (1)     Dasar hukum penunjukan sebagai                              (1)    Legal basis for the appointment as
                   anggota komite;                                                    member of the committee;
           (2)     Rangkap jabatan, baik sebagai                               (2)    Dual position, as member of Board
                   anggota Dewan Komisaris,                                           of Commissioners, member of
                   anggota Direksi, dan/atau anggota                                  Board of Directors, and/or member
                   komite serta jabatan lainnya ( jika                                of committee, and other position (if
                   ada); dan                                                          any); and
           (3)     Pengalaman kerja beserta periode                            (3)    Working experience and period
                   waktunya baik di dalam maupun                                      in and outside the Issuer or Public
                   di luar Emiten atau Perusahaan                                     Company;
                   Publik;
      f)   Periode dan masa jabatan anggota                               f)   Period and terms of office of the member of
           komite;                                                             Audit Committee;
      g)   Pernyataan independensi komite;                                g)   Statement of committee independence;
      h)   Pendidikan dan/atau pelatihan yang                             h)   Training and/or competency improvement
           telah diikuti dalam tahun buku ( jika ada);                         that have been followed in the fiscal year
           dan                                                                 (if any); and


      i)   Uraian tugas dan tanggung jawab;                               i)   Description of duties and responsibilities;


      j)   Pernyataan bahwa telah memiliki                                j)   A statement that the committee has had
           pedoman atau piagam (charter) komite;                               guidelines or charters;


      k)   Kebijakan dan pelaksanaan tentang                              k)   Policies and implementation of the
           frekuensi rapat komite dan tingkat                                  frequency of committee meetings and the
           kehadiran anggota komite dalam rapat                                level of attendance of committee members
           tersebut;                                                           at the meeting; and
      l)   uraian singkat pelaksanaan kegiatan                            l)   A brief description of the committee’s
           pada tahun buku; dan                                                activities for the fiscal year;
9)    Sekretaris Perusahaan, mencakup antara lain:                  9)    Corporate Secretary, including:
      a)   nama;                                           188            a)   name;
      b)   domisili;                                                      b)   domicile;
      c)   riwayat jabatan, meliputi informasi:                           c)   history of position, including:
           (1)     dasar hukum penunjukan sebagai                              (1)    legal basis for the appointment as
                   Sekretaris Perusahaan; dan                                         Corporate Secretary; and
                                                           188
           (2)     pengalaman kerja beserta periode                            (2)    working experience and period in and
                                                                                                                              Bakrieland Annual Report 2024




                   waktunya baik di dalam maupun                                      outside the Issuer or Public Company;
                   di luar Emiten atau Perusahaan
                   Publik;
      d)   riwayat pendidikan;                             188            d)   education background;
      e)   pendidikan dan/atau pelatihan yang                             e)   education and/or training during the year
                                                          189-191
           diikuti dalam tahun buku; dan                                       under review; and
      f)   uraian singkat pelaksanaan tugas                               f)   brief description on the implementation of
           Sekretaris Perusahaan pada tahun buku;           191                duties of the Corporate Secretary in the
                                                                               year under review;
10)   Unit Audit Internal, mencakup antara lain:                    10)   Internal Audit Unit, among others including:
      a)   Nama kepala Unit Audit Internal;                194            a)   Name of Head of Internal Audit Unit;



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                                                                                             Page
                                        b)   Riwayat jabatan, meliputi informasi:                           b)   History of position, including:
                                             (1)    Dasar hukum penunjukan sebagai                               (1)   Legal basis for the appointment as
                                                    Kepala Audit Internal; dan                                         Head of Internal Audit Unit; and
                                                                                              194
                                             (2)    Pengalaman kerja beserta periode                             (2)   Working experience and period
                                                    waktunya baik di dalam maupun                                      in and outside the Issuer or Public
                                                    di luar Emiten atau Perusahaan                                     Company;
                                                    Publik;
                                        c)   Kualifikasi atau sertifikasi sebagai profesi                   c)   Qualification or certification as internal
                                                                                              195
                                             audit internal ( jika ada);                                         auditor (if any);
                                        d)   Pendidikan dan/atau pelatihan yang                             d)   Education and/or training during the year
                                                                                              195
                                             diikuti dalam tahun buku;                                           under review;
                                        e)   Struktur dan kedudukan Unit Audit                              e)   Structure and position of Internal Audit Unit;
                                                                                              194
                                             Internal;
                                        f)   Uraian tugas dan tanggung jawab;               194-195         f)   Description of duties and responsibilities;
                                        g)   Pernyataan bahwa telah memiliki                                g)   Statement that the Internal Audit Unit has
                                             pedoman atau piagam (charter) Unit               195                already have Internal Audit Unit charter;
                                             Audit Internal; dan                                                 and
                                        h)   Uraian singkat pelaksanaan tugas Unit                          h)   Brief description on the implementation of
                                             Audit Internal pada tahun buku;                  196                duty of Internal Audit Unit during the year
                                                                                                                 under review;
                                  11)   Uraian mengenai sistem pengendalian                           11)   Description on internal control system adopted
                                        internal (internal control) yang diterapkan oleh                    by the Issuer or Public Company, at least
                                        Emiten atau Perusahaan Publik, paling sedikit                       covering:
                                        mengenai:
                                        a)   Pengendalian keuangan dan                                      a)   Financial and operational control, and
                                             operasional, serta kepatuhan terhadap                               compliance to the other prevailing rules;
                                             peraturan perundang-undangan lainnya;          198-199              and
                                             dan
                                        b)   Tinjauan atas efektivitas sistem                               b)   Review on the effectiveness of internal
                                             pengendalian internal;                                              control systems;
                                        c)   Pernyataan Direksi dan/atau Dewan                              c)   Statement of the Board of Directors and/or
                                             Komisaris atas kecukupan sistem                                     Board of Commissioners on the adequacy
                                             pengendalian internal;                                              of the internal control system;
                                  12)   Sistem manajemen risiko yang diterapkan                       12)   Risk management system implemented by the
                                        oleh Emiten atau Perusahaan Publik, paling                          company, at least includes:
                                        sedikit mengenai:
                                        a)   Gambaran umum mengenai sistem                                  a)   General description about the company’s
                                             manajemen risiko Emiten atau                                        risk management system the Issuer or
                                             Perusahaan Publik;                                                  Public Company;
                                        b)   Jenis risiko dan cara pengelolaannya;                          b)   Types of risk and the management; and
                                             dan                                            199-206
                                        c)   Tinjauan atas efektivitas sistem                               c)   Review the effectiveness of the risk
                                             manajemen risiko Emiten atau                                        management system applied by the Issuer
                                             Perusahaan Publik;                                                  or Public Company;
                                        d)   Pernyataan Direksi dan/atau Dewan                              d)   Statement of the Board of Directors and/
                                             Komisaris atau komite audit atas                                    or the Board of Commissioners or the audit
                                             kecukupan sistem manajemen risiko;                                  committee on the adequacy of the risk
                                                                                                                 management system;
                                  13)   Perkara hukum yang berdampak material                         13)   Legal cases that have a material impact faced
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                                        yang dihadapi oleh Emiten atau Perusahaan                           by Issuers or Public Companies, subsidiaries,
                                        Publik, entitas anak, anggota Direksi dan                           members of the Board of Directors and members
                                        anggota Dewan Komisaris ( jika ada), antara                         of the Board of Commissioners (if any), at least
                                        lain meliputi:                                                      contain:
                                        a)   Pokok perkara/gugatan;                           208           a)   Substance of the case/claim;
                                        b)   Status penyelesaian perkara/gugatan;                           b)   Status of settlement of case/claim; and
                                             dan
                                        c)   Pengaruhnya terhadap kondisi Emiten                            c)   Potential impacts on the condition of the
                                             atau Perusahaan Publik;                                             Issuer or Public Company;
                                  14)   Informasi tentang sanksi administratif yang                   14)   information about administrative sanctions
                                        dikenakan kepada Emiten atau Perusahaan                             imposed to Issuer or Public Company, members
                                        Publik, anggota Dewan Komisaris dan Direksi,                        of the Board of Commissioners and the Board
                                                                                              208
                                        oleh otoritas Pasar Modal dan otoritas lainnya                      of Directors, by the Capital Market Authority
                                        pada tahun buku ( jika ada);                                        and other authorities during the last fiscal year
                                                                                                            (if any);

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                                                     Page
15)   Informasi mengenai kode etik Emiten atau                 15)   information about codes of conduct of the Issuer
      Perusahaan Publik meliputi:                                    or Public Company, includes:
      a)   Pokok-pokok kode etik;                                    a)   Key points of the code of conduct;
      b)   Bentuk sosialisasi kode etik dan upaya                    b)   Socialization of the code of conduct and
           penegakannya; dan                        209-210               enforcement; and
      c)   Pernyataan bahwa kode etik berlaku                        c)   Statement that the code of conduct is
           bagi anggota Direksi, anggota Dewan                            applicable for the Board of Commissioners,
           Komisaris, dan karyawan Emiten atau                            the Board of Directors, and employees of
           Perusahaan Publik;                                             the Issuer of Public Company;
16)   Uraian singkat mengenai kebijakan                        16)   A brief description of the policy of providing
      pemberian kompensasi jangka panjang                            long-term performance-based compensation to
      berbasis kinerja kepada manajemen dan/                         management and/or employees owned by the
      atau karyawan yang dimiliki oleh Emiten                        Issuer or Public Company (if any), including the
      atau Perusahaan Publik ( jika ada), antara                     management stock ownership program (MSOP)
      lain berupa program kepemilikan saham                          and/or program employee stock ownership
      oleh manajemen (management stock                               (ESOP);
      ownership program/MSOP) dan/atau
      program kepemilikan saham oleh karyawan
      (employee stock ownership program/ESOP);
      Dalam hal pemberian kompensasi berupa
      program kepemilikan saham oleh manajemen
      (management stock ownership program/
      MSOP) dan/atau program kepemilikan saham        209
      oleh karyawan (employee stock ownership
      program/ESOP), informasi yang diungkapkan
      paling sedikit memuat:
      a)   jumlah saham dan/atau opsi;                               a)   Number of shares and/or options;
      b)   jangka waktu pelaksanaan;                                 b)   Implementation period;
      c)   persyaratan karyawan dan/atau                             c)   Requirements for eligible employees and/
           manajemen yang berhak; dan                                     or management; and
      d)   harga pelaksanaan atau penentuan                          d)   Exercise price or determination of exercise
           harga pelaksanaan;                                             price;
17)   Uraian singkat mengenai kebijakan                        17)   A brief description of the information disclosure
      pengungkapan informasi mengenai:                               policy regarding:
      a)   Kepemilikan saham anggota Direksi dan                     a)   Share ownership of members of the Board
           anggota Dewan Komisaris paling lambat                          of Directors and members of the Board
           3 (tiga) hari kerja setelah terjadinya     209                 of Commissioners no later than 3 (three)
           kepemilikan atau setiap perubahan                              working days after the occurrence of
           kepemilikan atas saham Perusahaan                              ownership or any change in ownership of
           Terbuka; dan                                                   shares of a Public Company; and
      b)   Pelaksanaan atas kebijakan dimaksud;                      b)   Implementation of the policy;
18)   Uraian mengenai sistem pelaporan                         18)   Description of whistleblowing system at the
      pelanggaran (whistleblowing system) di                         Issuer or Public Company (if any), among others
      Emiten atau Perusahaan Publik ( jika ada),                     include:
      antara lain meliputi:
      a)   Cara penyampaian laporan pelanggaran;                     a)   Mechanism for violation reporting;
                                                     213-215
      b)   Perlindungan bagi pelapor;                                b)   Protection for the whistleblower;
      c)   Penanganan pengaduan;                                     c)   Handling of violation reports;
      d)   Pihak yang mengelola pengaduan; dan                       d)   Unit responsible for handling of violation
                                                                          report; and
      e)   Hasil dari penanganan pengaduan,                          e)   Results from violation report handling, at
                                                                                                                         Bakrieland Annual Report 2024




           paling sedikit meliputi:                                       least includes:
           (1)    Jumlah pengaduan yang masuk                             (1)   Number of complaints received and
                  dan diproses dalam tahun buku;                                processed during the fiscal year; and
                  dan
           (2)    Tindak lanjut pengaduan;                                (2)   Follow up of complaints;




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                                                                                               Halaman
                                                     Keterangan                                                              Description
                                                                                                Page
                                       19)   Uraian mengenai kebijakan anti korupsi                            19)   A description of the anti-corruption policy of the
                                             Emiten atau Perusahaan Publik, paling sedikit                           Issuer or Public Company, at least containing:
                                             memuat:
                                             a)   program dan prosedur yang dilakukan                                a)    Programs and procedures implemented in
                                                  dalam mengatasi praktik korupsi,                                         overcoming corrupt practices, kickbacks,
                                                  balas jasa (kickbacks), fraud, suap dan/       212                       fraud, bribery and/or gratification in Issuers
                                                  atau gratifikasi dalam Emiten atau                                       or Public Companies; and
                                                  Perusahaan Publik; dan
                                             b)   pelatihan/sosialisasi anti korupsi kepada                          b)    Anti-corruption training/socialization to
                                                  karyawan Emiten atau Perusahaan                                          employees of Issuers or Public Companies;
                                                  Publik;
                                       20)   Penerapan atas Pedoman Tata Kelola                                20)   Implementation of the Guidelines of Corporate
                                             Perusahaan Terbuka bagi Emiten yang                                     Governance for Public Companies for Issuer
                                             menerbitkan Efek Bersifat Ekuitas atau                                  issuing Equity-based Securities or Public
                                             Perusahaan Publik, meliputi:                                            Company, including:


                                             a)   pernyataan mengenai rekomendasi               143-152              a)    statement regarding recommendation that
                                                  yang telah dilaksanakan; dan/atau                                        have been implemented; and/or
                                             b)   penjelasan atas rekomendasi yang                                   b)    description of recommendation that have
                                                  belum dilaksanakan, disertai alasan dan                                  not been implemented, along with the
                                                  alternatif pelaksanaannya ( jika ada);                                   reason and alternatives of implementation
                                                                                                                           (if any);
                                  h.   Tanggung Jawab Sosial dan Lingkungan Emiten                        h.   Social and Environmental Responsibility of the Issuer or
                                       atau Perusahaan Publik                                                  Public Company
                                       1)    Informasi yang diungkapkan dalam bagian                           1)    The information disclosed in the social and
                                             tanggung jawab sosial dan lingkungan                                    environmental responsibility section is a
                                             merupakan Laporan Keberlanjutan                                         Sustainability Report as referred to in the
                                             (Sustainability Report) sebagaimana dimaksud                            Financial Services Authority Regulation Number
                                             dalam Peraturan Otoritas Jasa Keuangan            218-245               51/POJK.03/2017 concerning the Implementation
                                             Nomor 51/POJK.03/2017 tentang Penerapan                                 of Sustainable Finance for Financial Services
                                             Keuangan Berkelanjutan bagi Lembaga Jasa                                Institutions, Issuers, and Public Companies, at at
                                             Keuangan, Emiten, dan Perusahaan Publik,                                least includes:
                                             paling sedikit memuat:
                                             a)   penjelasan strategi keberlanjutan;              √                  a)    Explanation of the sustainability strategy;
                                             b)   ikhtisar aspek keberlanjutan (ekonomi,                             b)    Overview of sustainability aspects
                                                                                                  √
                                                  sosial, dan lingkungan hidup);                                           (economic, social, and environmental);
                                             c)   profil singkat Emiten atau Perusahaan                              c)    Brief profile of the Issuer or Public
                                                                                                  √
                                                  Publik;                                                                  Company;
                                             d)   penjelasan Direksi;                             √                  d)    Explanation of the Board of Directors;
                                             e)   tata kelola keberlanjutan;                      √                  e)    Sustainability governance;
                                             f)   kinerja keberlanjutan;                          √                  f)    Sustainability performance;
                                             g)   verifikasi tertulis dari pihak independen,                         g)    Written verification from an independent
                                                                                                  √
                                                  jika ada;                                                                party, if any;
                                             h)   lembar umpan balik (feedback) untuk                                h)    Feedback sheet for readers, if any; and
                                                                                                  √
                                                  pembaca, jika ada; dan
                                             i)   anggapan Emiten atau Perusahaan                                    i)    The response of the Issuer or Public
                                                  Publik terhadap umpan balik laporan             √                        Company to the previous year’s report
                                                  tahun sebelumnya;                                                        feedback;
                                       2)    Laporan Keberlanjutan sebagaimana                                 2)    The Sustainability Report as referred to in
                                             dimaksud pada angka 1), harus disusun                                   number 1) must be prepared in accordance with
Bakrieland Laporan Tahunan 2024




                                             sesuai Pedoman Teknis Penyusunan Laporan                                the Technical Guidelines for the Preparation of
                                             Keberlanjutan (Sustainability Report) Bagi                              a Sustainability Report for Issuers and Public
                                                                                                  √
                                             Emiten dan Perusahaan Publik sebagaimana                                Companies as contained in Appendix II which
                                             tercantum dalam Lampiran II yang merupakan                              is an integral part of this Financial Services
                                             bagian tidak terpisahkan dari Surat Edaran                              Authority Circular Letter;
                                             Otoritas Jasa Keuangan ini;
                                       3)    Informasi Laporan Keberlanjutan                                   3)    Information on the Sustainability Report in
                                             (Sustainability Report) pada angka 1) dapat:                            number 1) can:
                                             a)   diungkapkan pada bagian lain yang                                  a)    Disclosed in other relevant sections outside
                                                  relevan di luar bagian tanggung                 √                        the Social and Environmental Responsibility
                                                  jawab sosial dan lingkungan, seperti                                     section, such as the Directors’ explanation
                                                  penjelasan Direksi terkait Laporan                                       regarding the Sustainability Report
                                                  Keberlanjutan diungkapkan dalam                                          disclosed in the section related to the
                                                  bagian terkait Laporan Direksi; dan/atau                                 Directors’ Report; and/or



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                                                          Halaman
                  Keterangan                                                          Description
                                                           Page
          b)   merujuk pada bagian lain di luar                               b)    Refers to other sections outside the Social
               bagian tanggung jawab sosial dan                                     and Environmental Responsibility section
               lingkungan dengan tetap mengacu pada                                 by still referring to the Technical Guidelines
               Pedoman Teknis Penyusunan Laporan                                    for the Preparation of Sustainability Reports
               Keberlanjutan (Sustainability Report)                                for Issuers and Public Companies as listed
               Bagi Emiten dan Perusahaan Publik            √                       in Appendix II which is an integral part of
               sebagaimana tercantum dalam Lampiran                                 this Financial Services Authority Circular
               II yang merupakan bagian tidak                                       Letter, such as the profile of the Issuer or
               terpisahkan dari Surat Edaran Otoritas                               Public Company;
               Jasa Keuangan ini, seperti profil Emiten
               atau Perusahaan Publik;
    4)    Laporan Keberlanjutan (Sustainability Report)                 4)    The Sustainability Report as referred to in
          sebagaimana dimaksud pada angka 1)                                  number 1) is an inseparable part of the Annual
          merupakan bagian yang tidak terpisahkan           √                 Report but can be presented separately from the
          dari Laporan Tahunan namun dapat disajikan                          Annual Report;
          secara terpisah dengan Laporan Tahunan;
    5)    Dalam hal Laporan Keberlanjutan disajikan                     5)    In the event that the Sustainability Report is
          secara terpisah dengan Laporan Tahunan,                             presented separately from the Annual Report,
          informasi yang diungkapkan dalam Laporan                            the information disclosed in the Sustainability
          Keberlanjutan dimaksud harus:                                       Report must:
          a)   memuat seluruh informasi sebagaimana                           a)    Contains all the information as referred to
               dimaksud pada angka 1); dan                                          in number 1); and
                                                            √
          b)   disusun sesuai Pedoman Teknis                                  b)    Prepared in accordance with the Technical
               Penyusunan Laporan Keberlanjutan                                     Guidelines for the Preparation of a
               (Sustainability Report) Bagi Emiten                                  Sustainability Report for Issuers and Public
               dan Perusahaan Publik sebagaimana                                    Companies as listed in Appendix II which
               tercantum dalam Lampiran II yang                                     is an integral part of this Financial Services
               merupakan bagian tidak terpisahkan dari                              Authority Circular Letter;
               Surat Edaran Otoritas Jasa Keuangan ini;
    6)    Dalam hal Laporan Keberlanjutan disajikan                     6)    In the event that the Sustainability Report is
          secara terpisah dengan Laporan Tahunan,                             presented separately from the Annual Report,
          maka dalam bagian tanggung jawab sosial                             then the Social and Environmental Responsibility
          dan lingkungan memuat informasi bahwa                               section contains information that information
          informasi mengenai tanggung jawab sosial          √                 on Social and Environmental Responsibility has
          dan lingkungan telah diungkapkan dalam                              been disclosed in the Sustainability Report which
          Laporan Keberlanjutan yang disajikan secara                         is presented separately from the Annual Report;
          terpisah dari Laporan Tahunan; dan                                  and


    7)    Penyampaian Laporan Keberlanjutan                             7)    Submission of the Sustainability Report which
          (Sustainability Report) yang disajikan                              is presented separately from the Annual Report
          secara terpisah dengan Laporan Tahunan            √                 must be submitted together with the Annual
          harus disampaikan bersamaan dengan                                  Report.
          penyampaian Laporan Tahunan.
i   Laporan Keuangan Tahunan yang Telah Diaudit                     i   Audited Annual Financial Statement
    Laporan keuangan tahunan yang dimuat dalam                          Financial Statements included in Annual Report
    Laporan Tahunan disusun sesuai dengan Standar                       should be prepared in accordance with the Financial
    Akuntansi Keuangan di Indonesia dan telah diaudit                   Accounting Standards in Indonesia and audited by an
    oleh Akuntan. Laporan keuangan dimaksud memuat                      Accountant. The said financial statement should be
    pernyataan mengenai pertanggungjawaban atas                         included with statement of responsibility for financial
    laporan keuangan sebagaimana diatur dalam               √           report as stipulated in the legislations in the Capital
    peraturan perundang-undangan di sektor Pasar                        Markets sector governing the responsibility of the
    Modal yang mengatur mengenai tanggung jawab                         Board of Directors on the financial report or the
    Direksi atas laporan keuangan atau peraturan                        legislations in the Capital Markets sector governing the
    perundang-undangan di sektor Pasar Modal yang                       periodic reports of securities company in the event the
    mengatur mengenai laporan berkala Perusahaan                        Issuer is a Securities Company; and
    Efek dalam hal Emiten merupakan Perusahaan Efek;
    dan
j   Surat Pernyataan Anggota Direksi dan Anggota                    j   Letter of Statement of the Board of Directors and the
                                                                                                                                     Bakrieland Annual Report 2024




    Dewan Komisaris tentang Tanggung Jawab atas                         Board of Commissioners regarding the Responsibility
    Laporan Tahunan                                                     for Annual Reporting
    Surat pernyataan anggota Direksi dan anggota                        Letter of statement of the Board of Directors and the
    Dewan Komisaris tentang tanggung jawab atas                         Board of Commissioners regarding the responsibility
    Laporan Tahunan disusun sesuai dengan format            √           for Annual Reporting should be prepared according to
    Surat Pernyataan Anggota Direksi dan Anggota                        the format of letter of statement of member of Board of
    Dewan Komisaris tentang Tanggung Jawab atas                         Directors and the Board of Commissioners regarding
    Laporan Tahunan sebagaimana tercantum dalam                         the responsibility for Annual Reporting as attached
    Lampiran yang merupakan bagian tidak terpisahkan                    in the Attachment, which is an integral part of this
    dari Surat Edaran Otoritas Jasa Keuangan ini.                       Circulation Letter of the Financial Services Authority.




                                                                                                                                     271
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                                  Indeks POJK 51/2017
                                  POJK 51/2017 Index



                                                      Laporan Keberlanjutan                                            The Sustainability Report                          Halaman
                                                     Memuat Informasi Mengenai                                         Contains information About                          Page
                                   A.   Strategi Keberlanjutan                                       A.   Sustainability Strategy
                                        A.1.    Penjelasan Strategi Keberlanjutan                         A.1.    Elaboration of Sustainability Strategy                    218
                                   B.   Ikhtisar Kinerja Aspek Keberlanjutan                         B.   Overview of Performance on Sustainability Aspects
                                        B.1.    Apek Ekonomi, paling sedikit memuat:                      B.1.    Economic Aspects, covering at least:
                                                a. Kuantitas Produksi atau Jasa yang Dijual;                      a. Quantity of Products or Services Sold;
                                                b. Pendapatan atau Penjualan;                                     b. Revenue or Sales;
                                                c. Laba atau Rugi Bersih;                                         c. Net Profit or Loss;                                    6-7

                                                d. Produk Ramah Lingkungan; dan                                   d. Environment-Friendly Products; and
                                                e. Pelibatan Pihak Lokal yang Berkaitan dengan                    e. Engagement of Local Stakeholders Concerning
                                                   Proses Bisnis Keuangan Keberlanjutan.                             the Sustainable Finance Business Process.
                                        B.2.    Aspek Lingkungan Hidup, paling sedikit memuat:            B.2.    Environmental Aspects, covering at least:
                                                a. Penggunaan Energi;                                             a. Energy Consumption;
                                                b. Pengurangan Emisi yang Dihasilkan;                             b. Emission Reductions Achieved;                          8-9
                                                c. Pengurangan Limbah dan Efluen; dan                             c. Reduction of Waste and Effluent; and
                                                d. Pelestarian Keanekaragaman Hayati.                             d. Biodiversity Conservation.
                                        B.3.    Aspek Sosial                                              B.3.    Social Aspect                                            10-15
                                   C.   Profil Perusahaan                                            C.   Company Profile
                                        C.1.    Visi, Misi, dan Nilai Keberlanjutan;                      C.1.    Vision, Mission, and Sustainability Values;               30
                                        C.2.    Alamat Perusahaan                                         C.2.    Company Address                                           25
                                        C.3.    Skala Usaha, paling sedikit meliputi:                     C.3.    Business Scale, covering at least:
                                                1)    Total Aset atau Kapitalisasi Aset, dan Total                1)   Total Assets or Assets Capitalization, and Total
                                                                                                                                                                            123
                                                      Kewajiban;                                                       Liabilities;
                                                2) Jumlah Karyawan menurut Jenis Kelamin,                         2) Number of Employees by Gender, Position,
                                                   Jabatan, Usia pendidikan, dan Status                              Educational Age, And Employment Status                 85
                                                   Ketenagakerjaan
                                                3) Nama Pemegang Saham dan Persentase                             3) Name of Shareholders and Shareholding
                                                                                                                                                                            49
                                                   Kepemilikan Saham; dan                                            Percentage; and
                                                4) Wilayah Operasional.                                           4) Operational Area.                                      30
                                        C.4.    Produk, Layanan, dan Kegiatan Usaha yang                  C.4.    Products, Services, and Business Activities;
                                                                                                                                                                            29
                                                Dijalankan;
                                        C.5.    Keanggotaan pada Asosiasi;                                C.5.    Membership of Associations;                               34
                                        C.6.    Perubahan Emiten dan Perusahaan Publik Yang               C.6.    Significant Change of Issuer and Public Company.
                                                                                                                                                                            35
                                                Bersifat Signifikan.
                                   D.   Penjelasan Direksi                                           C.   Elaboration of Board of Directors
                                        D.1.    Penjelasan Direksi                                        D.1.    Elaboration of Board of Directors
                                                a. Kebijakan untuk Merespons Tantangan dalam                      a. Policy for Responding to Challenges in Fulfilling
                                                   Pemenuhan Strategi Keberlanjutan;                                 the Sustainability Strategy;                          66-78
                                                b. Penerapan Keuangan Berkelanjutan;                              b. Application of Sustainable Finance;
                                                c. Strategi Pencapaian Target.                                    c. Target Achievement Strategy.
Bakrieland Laporan Tahunan 2024




                                   E.   Tata Kelola Keberlanjutan                                    E.   Sustainability Governance
                                        E.1.    Penanggung Jawab Penerapan Keuangan                       E.1.    Responsible on the Application of Sustainable
                                                                                                                                                                            222
                                                Berkelanjutan;                                                    Finance;
                                        E.2.    Pengembangan Kompetensi terkait Keuangan                  E.2.    Competency Development on Sustainable Finance;
                                                                                                                                                                            225
                                                Berkelanjutan;
                                        E.3.    Penilaian Risiko atas Penerapan Keuangan                  E.3.    Risk Assessment of Sustainable Finance;
                                                                                                                                                                            225
                                                Berkelanjutan
                                        E.4.    Hubungan dengan Pemangku Kepentingan;                     E.4.    Relationship with Stakeholders;                           224
                                        E.5.    Permasalahan terhadap Penerapan Keuangan                  E.5.    Problems on The Application of Sustainable
                                                                                                                                                                            224
                                                Berkelanjutan.                                                    Finance.



272
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                  Laporan Keberlanjutan                                         The Sustainability Report                         Halaman
                 Memuat Informasi Mengenai                                      Contains information About                         Page
F.   Kinerja Keberlanjutan                                      F.   Sustainability Performance
     F.1.    Kegiatan Membangun Budaya Keberlanjutan.                F.1.    Sustainable Culture Development Activities.            224
     Kinerja Ekonomi                                                 Economic Performance
     F.2.    Perbandingan Target dan Kinerja Produksi,               F.2.    Comparison of Target and Performance of
             Portofolio, Target Pembiayaan, atau Investasi,                  Production, Portfolio, Financing Targets, or           227
             Pendapatan dan Laba Rugi;                                       Investment, Income and Profit or Loss;
     F.3.    Perbandingan Target dan Kinerja Portofolio,             F.3.    Comparison of Target and Performance of Portfolio,
             Target Pembiayaan, atau Investasi pada Instrumen                Financing Target, or Investments In Financial
                                                                                                                                    227
             Keuangan atau Proyek yang Sejalan dengan                        Instruments or Projects In Line
             Keuangan Berkelanjutan.                                         with The Sustainable Finance.
     Kinerja Lingkungan Hidup                                        Environmental Performance
     Aspek Umum                                                      General Aspect
     F.4.    Biaya Lingkungan Hidup                                  F.4.    Environmental Costs                                    232
     Aspek Material                                                  Material Aspect
     F.5.    Penggunaan Material yang Ramah Lingkungan               F.5.    Environment-Friendly Material Consumption              227
     Aspek Energi                                                    Energy Aspect
     F.6.    Jumlah dan Intensitas Energi yang Digunakan;            F.6.    Amount and Intensity of the Energy Consumed;           228
     F.7.    Upaya dan Pencapaian Efisiensi Energi dan               F.7.    Efforts and Achievement Made for Energy Efficiency
                                                                                                                                    227
             Penggunaan Energi Terbarukan.                                   Including the Use of Renewable Energy Sources.
     Aspek Air                                                       Water Aspect
     F.8.    Penggunaan Air                                          F.8.    Water Consumption                                      228
     Aspek Keanekaragaman Hayati                                     Biodiversity Aspect
     F.9.    Dampak dari Wilayah Operasional yang Dekat              F.9.    Impacts from Operational Areas Close to or
             atau Berada di Daerah Konservasi atau Memiliki                  Situated In Areas of Conservation or Otherwise         229
             Keanekaragaman Hayati; dan                                      those that Contain Biodiversity; and
     F.10.   Usaha Konservasi Keanekaragaman Hayati.                 F.10.   Biodiversity Conservation Efforts.                     229
     Aspek Emisi                                                     Emissions Aspect
     F.11.   Jumlah dan Intensitas Emisi yang Dihasilkan             F.11.   Amount and Intensity of Emissions Generated by
                                                                                                                                    228
             Berdasarkan Jenisnya;                                           Type;
     F.12.   Upaya dan Pencapaian Pengurangan Emisi yang                     Efforts and Achievements Made in Emission
                                                                                                                                    227
             Dilakukan;                                                      Reduction;
     Aspek Limbah dan Efluen                                         Waste and Effluent
     F.13.   Jumlah Limbah dan Efluen yang Dihasilkan                F.13.   Amount of Waste End Effluent Generated by Type;
                                                                                                                                    230
             Berdasarkan Jenisnya;
     F.14.   Mekanisme Pengelolaan Limbah dan Efluen;                F.14.   Waste and Effluent Management Mechanism                231
     F.15.   Tumpahan yang Terjadi ( jika ada).                      F.15.   Spill that Occurs (if any).                            231
     Aspek Pengaduan Terkait Lingkungan Hidup                        Environmental Complaint Aspect
     F.16.   Jumlah dan Materi Pengaduan Lingkungan Hidup            F.16.   Number and Content of Environmental Complaint
                                                                                                                                    232
             yang Diterima, dan Diselesaikan.                                Received and Resolved.
     Kinerja Sosial                                                  Social Performance
     F.17.   Komitmen untuk Memberikan Layanan atas Produk           F.17.   Commitment to Provide Services for the Equal
                                                                                                                                            Bakrieland Annual Report 2024




                                                                                                                                    243
             dan/atau Jasa yang Setara kepada Konsumen;                      Product and/or Services to Customers;
     Aspek Ketenagakerjaan                                           Employment Aspect
     F.18.   Kesetaraan Kesempatan Bekerja;                          F.18.   Equality of Employment;                                232
     F.19.   Tenaga Kerja Anak dan Tenaga Kerja Paksa;               F.19.   Child Labour and Forced Labour;                        233
     F.20.   Upah Minimum Regional;                                  F.20.   Regional Minimum Wage;                                 233
     F.21.   Lingkungan Bekerja yang Layak dan Aman;                 F.21.   Proper and Safe Work Environment;                      234
     F.22.   Pelatihan dan Pengembangan Kemampuan                    F.22.   Training and Capabilities Development for
                                                                                                                                    234
             Pegawai.                                                        Employees.




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                                                         Laporan Keberlanjutan                                                The Sustainability Report                           Halaman
                                                        Memuat Informasi Mengenai                                             Contains information About                           Page
                                           Aspek Masyarakat                                                       Community Aspect
                                           F.23.     Dampak Operasi terhadap Masyarakat Sekitar;                  F.23.    Operation Impacts on Local Communities;                  237
                                           F.24.     Pengaduan Masyarakat;                                        F.24.    Community Complaint;                                     241
                                           F.25.     Kegiatan Tanggung Jawab Sosial Lingkungan                    F.25.    Corporate Social Responsibility (CSR);
                                                                                                                                                                                    237
                                                     (TJSL);
                                           Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan                  Responsibility For Sustainable Products/ Services
                                           F.26.     Inovasi dan Pengembangan produk/ Jasa Keuangan               F.26.    Innovation and Development of Sustainable
                                                                                                                                                                                    242
                                                     Berkelanjutan;                                                        Finance Products/ Services;
                                           F.27.     Produk/Jasa yang Sudah Dievaluasi Keamanannya                F.27.    Products/Services that have been
                                                                                                                                                                                    243
                                                     bagi Pelanggan;                                                       Undergone Safety Test for Customers;
                                           F.28.     Dampak Produk/Jasa;                                          F.28.    Impact of Products/Services;                             244
                                           F.29.     Jumlah Produk yang Ditarik Kembali;                          F.29.    Number of Products Recalled;                             245
                                           F.30.     Survei Kepuasan Pelanggan terhadap Produk dan/               F.30.    Customer Satisfaction Survey on Sustainable
                                                                                                                                                                                    248
                                                     atau Jasa Keuangan Berkelanjutan.                                     Finance Product and/or Services.
                                    G.     Lain-Lain                                                         G.   Others
                                           G.1.      Verifikasi Tertulis dari Pihak Independen ( jika ada)        G.1.     Written Independent Verification (if any)
                                           G.2.      Lembar Umpan Balik                                           G.2.     Feedback Sheets
                                           G.3.      Tanggapan terhadap Umpan Balik Laporan                       G.3.     Response on Feedback Sustainability Report
                                                     Keberlanjutan Tahun Sebelumnya                                        Previous Year
                                           G.4.      Daftar Pengungkapan Sesuai Peraturan Otoritas                G.4.     List of Disclosures According to Financial Services
                                                     Jasa Keuangan Nomor 51/POJK.03/2017 tentang                           Authority Regulation Number 51/POJK.03/2017
                                                     Penerapan Keuangan Berkelanjutan Bagi Lembaga                         concerning The Implementation Sustainable                253
                                                     Jasa Keuangan, Emiten, dan Perusahaan Publik.                         Finance for Financial Services Institutions, Issuers
                                                                                                                           and Public Company
                                  N/A    : Data tidak tersedia | Not available
                                  N/R    : Tidak relevan | Not relevan
Bakrieland Laporan Tahunan 2024




274
Page 277
                         08
                         Laporan
                         Keuangan
                         Financial Report




Dewan Komisaris
Board of Commissioners




                                            Bakrieland Annual Report 2024




                                            275
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                       Daftar Isi                                       Table of Contents



                                                      Halaman/
                                                       Page

Surat pernyataan direksi                                                          Board of directors’ statement

Laporan auditor independen                                                        Independent auditor’s report

Laporan posisi keuangan konsolidasian                    1        Consolidated statements of financial position

Laporan laba rugi dan penghasilan komprehensif lain               Consolidated statements of profit or loss and
 konsolidasian                                           4                     other comprehensive income

Laporan perubahan ekuitas konsolidasian                  6       Consolidated statements of changes in equity

Laporan arus kas konsolidasian                           7              Consolidated statements of cash flows

Catatan atas laporan keuangan konsolidasian              9       Notes to the consolidated financial statements
Page 280

          
Page 281

          
Page 282

          
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PT BAKRIELAND DEVELOPMENT Tbk                                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                              AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                       CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                 FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023                                                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                            (Expressed in millions of Rupiah, unless otherwise
lain)                                                                         stated)



                                                   Catatan/
                                                    Notes                2024              2023
ASET                                                                                                                                       ASSETS

Aset Lancar                                                                                                                        Current Assets
Kas dan setara kas                             3d,3h,3i,6,44,45           113.592            133.760                    Cash and cash equivalents
Piutang usaha                                                                                                                    Trade receivables
    Pihak ketiga - neto                            3i,7,44,45             276.333            281.398                         Third parties - net
    Pihak berelasi - neto                      3f,3i,7,38a,44,45           56.131             51.966                      Related parties - net
Piutang lain-lain                                                                                                                Other receivables
    Pihak ketiga - neto                           3i,8a,44,45               30.345           829.714                         Third parties - net
    Pihak berelasi - neto                     3f,3i,8a,38b,44,45            11.030                 -                      Related parties - net
Persediaan - neto                                     3j,9               1.057.462         1.036.866                              Inventories - net
Pajak dibayar di muka                                  3s                      620                17                                 Prepaid taxes
Beban dibayar di muka dan uang muka                  3g,10                  75.699            97.314               Prepaid expenses and advances
Total Aset Lancar                                                        1.621.212         2.431.035                           Total Current Assets


Aset Tidak Lancar                                                                                                             Non-Current Assets
Dana dalam pembatasan                           3d,3i,11,44,45               43.681           60.785                               Restricted funds
Piutang pihak berelasi - neto                   3f,3i,38c,44,45               9.544           59.069                  Due from related parties - net
Piutang lain-lain jangka panjang                                                                                       Long-term other receivables
    Pihak ketiga - neto                           3i,8b,44,45              779.318            82.465                          Third parties - net
Penyertaan saham - neto                         3i, 3l,12,44,45            125.797           177.010             Investment in shares of stock - net
Tanah untuk pengembangan                             3k,13               2.673.672         2.703.895                         Land for development
Uang muka pembelian tanah                              14                  754.430           668.455                  Advance for purchase of land
Properti investasi - neto                            3m,15                 415.564           428.174                    Investment properties - net
Aset tetap - neto                                3n,3o,3p,16             1.343.554         1.059.365                              Fixed assets - net
Aset pajak tangguhan                                 3s,26e                 27.898            25.831                            Deferred tax assets
Goodwill                                             3c,17                 908.760           895.223                                        Goodwill
Aset lain-lain - neto                            3i,18,44,45                38.587            47.746                              Other assets - net
Total Aset Tidak Lancar                                                  7.120.805         6.208.018                      Total Non-Current Assets
TOTAL ASET                                                               8.742.017         8.639.053                               TOTAL ASSETS




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara             The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                  integral part of these consolidated financial statements.

                                                                         1
Page 289
PT BAKRIELAND DEVELOPMENT Tbk                                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                               AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                        CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                  FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023                                                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                             (Expressed in millions of Rupiah, unless otherwise
lain)                                                                          stated)



                                                   Catatan/
                                                    Notes                 2024               2023

LIABILITAS DAN EKUITAS                                                                                                  LIABILITIES AND EQUITY
LIABILITAS                                                                                                                              LIABILITIES
Liabilitas Jangka Pendek                                                                                                        Current Liabilities
Utang bank jangka pendek                         3i,19,44,45              195.265             345.071                       Short-term bank loans
Pembiayaan Musyarakah                                                                                                     Short-term Musyarakah
    dan pinjaman dari pihak                                                                                                       financing and
    selain bank jangka pendek                   3bb,20,44,45                 11.800            11.850                            non-bank loan
Utang usaha                                                                                                                          Trade payables
    Pihak ketiga                                 3i,21,44,45              111.564             115.451                               Third parties
Utang lain-lain                                                                                                                      Other payables
    Pihak ketiga                                 3i,22a,44,45             157.934             192.576                               Third parties
Beban masih harus dibayar dan provisi            3i,23,44,45              553.492             558.212             Accrued expenses and provision
Liabilitas imbalan kerja karyawan                                                                                            Short-term employee
    jangka pendek                                    3u,37                 81.729              83.840                        benefits liabilities
Uang muka pelanggan                              3i,3r,24,38e             268.100             294.382                   Advances from customers
Pendapatan ditangguhkan                           3r,25,38f                14.762               9.160                              Deferred income
Utang pajak                                         3s,26a                232.597             306.630                                 Taxes payable
Liabilitas jangka panjang jatuh tempo                                                                                        Current maturities of
    dalam satu tahun:                                                                                                         long-term debts:
    Utang bank                                   3i,27,44,45              165.784              62.271                                Bank loans
    Pembiayaan musyarakah                           3bb,28                  5.188               5.175                   Musyarakah financing
    Utang usaha                                 3i,29a,44,45               17.194              17.194                          Trade payables
    Liabilitas sewa                             3p,29b,44,45                2.879                   -                             Lease liability
                                                                                                                         Liability for purchase
    Utang pembelian aset tetap                   3i,3p,44,45                   370                  695                     of fixed assets
Total Liabilitas Jangka Pendek                                           1.818.658          2.002.507                        Total Current Liabilities
Liabilitas Jangka Panjang                                                                                                 Non-Current Liabilities
Pendapatan ditangguhkan                           3r,25,38f                     848             7.359                            Deferred income
Uang muka pelanggan                             3i,3r,24,38e                 72.749            71.563                    Advances from customers
Liabilitas imbalan kerja                            3u,37                    32.661            34.570                   Employee benefits liabilites
Utang pihak berelasi                           3f,3i,38d,44,45               15.863            19.804                       Due to related parties
Utang lain-lain jangka panjang                                                                                           Long-term other payables
    Pihak ketiga                                 3i,22b,44,45                87.433             78.181                           Third parties
Liabilitas jangka panjang - setelah
    dikurangi bagian jatuh tempo                                                                                  Long-term debts - net of current
    dalam satu tahun:                                                                                                                   maturities:
    Utang bank                                   3i,27,44,45              367.303             190.140                                  Bank loans
    Pembiayaan musyarakah                           3bb,28                 59.295              61.793                    Musyarakah financing
    Liabilitas sewa                             3p,29b,44,45              219.065                   -                               Lease liability
                                                                                                                           Liability for purchase
    Utang pembelian aset tetap                   3i,3p,44,45                     45                 254                       of fixed assets
Cadangan atas penggantian                                                                                     Reserve for replacement of operating
    perabotan dan peralatan operasional             3v,3w                     5.199              5.419                 furniture and equipment
Liabilitas pajak tangguhan                          3s,26e                   38.683             36.218                        Deferred tax liabilities
Total Liabilitas Jangka Panjang                                           899.144             505.301                  Total Non-Current Liabilities
Total Liabilitas                                                         2.717.802          2.507.808                               Total Liabilities




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara              The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                   integral part of these consolidated financial statements.

                                                                         2
Page 290
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                         CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                   FINANCIAL POSITION
31 DESEMBER 2024 DAN 2023                                                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)



                                                Catatan/
                                                 Notes                   2024               2023

EKUITAS                                                                                                                                        EQUITY
Ekuitas yang dapat diatribusikan                                                                                     Equity attributable to Owners of
   kepada Pemilik Entitas Induk                                                                                                  the Parent Entity
Modal saham - nilai nominal                                                                                                  Capital stock - par value
   saham seri A Rp 500 per saham dan                                                                                A series of Rp 500 per share
   saham seri B Rp 100 per saham                                                                              and B series of Rp 100 per share
   (angka penuh)                                                                                                                     (full amount)
Modal dasar - (angka penuh)                                                                                         Authorized capital - (full amount)
   1.400.000.000 saham seri A                                                                                 1,400,000,000 shares for A series
   dan 93.000.000.000 saham seri B                                                                                  and 93,000,000,000 shares
                                                                                                                                       for B series
Ditempatkan dan disetor penuh -                                                                                  Issued and fully paid - (full amount)
    (angka penuh)                                                                                             1,400,000,000 shares for A series
    1.400.000.000 saham seri A                                                                                      and 42,121,913,019 shares
    dan 42.121.913.019 saham seri B                 30               4.912.191             4.912.191                                   for B series
Tambahan modal disetor - neto                  3q,3t,3cc,31          2.753.462             2.753.462                   Additional paid-in capital - net
Komponen ekuitas lainnya                            40                (754.990)             (749.908)                     Other component of equity
Defisit                                                             (1.358.394)           (1.289.866)                                            Deficit
Ekuitas yang diatribusikan                                                                                           Equity attributable to owners of
   kepada pemilik entitas induk                                      5.552.269             5.625.879                             the parent entity
Kepentingan non-pengendali                       3b,41a                471.946               505.366                         Non-controlling interest
Total Ekuitas                                                        6.024.215             6.131.245                                      Total Equity
TOTAL LIABILITAS DAN EKUITAS                                         8.742.017             8.639.053             TOTAL LIABILITIES AND EQUITY




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          3
Page 291
PT BAKRIELAND DEVELOPMENT Tbk                                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                 AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                                CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                                  AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA                                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                               (Expressed in millions of Rupiah, unless otherwise
lain)                                                                            stated)



                                                Catatan/
                                                 Notes                   2024                2023
PENDAPATAN NETO                                 3r,32,38a            1.226.740              1.273.390                                NET REVENUES
BEBAN POKOK PENDAPATAN                            3r,33                  808.432              836.539                           COST OF REVENUES

LABA BRUTO                                                                418.308             436.851                               GROSS PROFIT
Beban penjualan                                 3r,34a                    (20.337)            (18.183)                               Selling expenses
Beban umum dan administrasi                   3m,3n,3r,34b               (304.186)           (324.970)           General and administrative expenses
Beban bunga dan                                                                                                                 Interest expense and
    keuangan - neto                               3r,35                   (94.445)             (74.649)                    financial charges - net
Rugi selisih kurs - neto                            3h                    (30.402)             (12.879)               Loss on foreign exchange - net
Bagian atas rugi neto Entitas                   3c,3i,3aa,
    Asosiasi                                    3ee,5,12                  (18.542)             (46.035)              Share in net loss of an Associate
Beban pajak final                                3s,26b                   (12.683)             (16.020)                              Final tax expense
Rugi atas penjualan dan                                                                                                    Loss on sale and disposal
    penghapusan aset tetap dan                                                                                                 of fixed assets and
    properti investasi - neto                 3m,3n,15,16                  (1.441)              (1.870)                investment properties - net
Kerugian atas pembongkaran
    bangunan                                      15,16                           -             (4.477)               Loss from demolition of building
Rugi atas pembatalan penjualan                                                                                       Loss on unit cancellation of sales
    unit rumah dan apartemen                       7,9                       (356)             (3.350)                 residential and apartments
Kerugian penurunan nilai goodwill                  17                           -            (809.615)                 Loss on impairment of goodwill
Lain-lain - neto                                   36                     (31.851)           (242.043)                                    Others - net

RUGI SEBELUM MANFAAT (BEBAN)                                                                                            LOSS BEFORE INCOME TAX
PAJAK PENGHASILAN                                                         (95.935)         (1.117.240)                        BENEFIT (EXPENSE)

MANFAAT (BEBAN) PAJAK                                                                                                         INCOME TAX BENEFIT
PENGHASILAN                                       3s,26c                                                                               (EXPENSE)
Tangguhan                                                                   2.253                3.433                                    Deferred
Tahun berjalan                                                             (8.266)              (8.750)                               Current year

Beban Pajak Penghasilan - Neto                                             (6.013)              (5.317)                     Income Tax Expense - Net
RUGI NETO                                                                (101.948)         (1.122.557)                                      NET LOSS

PENGHASILAN (RUGI)                                                                                                         OTHER COMPREHENSIVE
KOMPREHENSIF LAIN                                                                                                                      INCOME (LOSS)
Pos-pos yang tidak akan direklasifikasi                                                                            Items that will not be reclassified
   lebih lanjut ke laba rugi:                                                                                     subsequently to profit or loss:
   Kentungan (kerugian) aktuarial                  3u,37                       3.185              (1.647)                   Actuarial gains (losses)
   Pajak penghasilan terkait                       3s,26e                       (186)                632                        Related income tax
Pos-pos yang akan direklasifikasi                                                                                     Items that will be reclassified
   lebih lanjut ke laba rugi:                                                                                     subsequently to profit or loss:
   Selisih kurs penjabaran laporan                                                                                    Exchange differences due to
       keuangan                                                             24.590                24.091       financial statements translation
   Rugi pada aset keuangan yang
       belum direalisasi pada nilai wajar                                                                      Unrealized loss on financial assets
       melalui penghasilan                                                                                          at fair value through other
       komprehensif lain                            3i,12                  (32.638)                       -            comprehensive income
   Bagian rugi yang belum direalisasi                                                                                   Share in unrealized loss of
       investasi pada Entitas Asosiasi              3l,12                         (33)           (11.121)         investment in an Associate
Penghasilan (Rugi) Komprehensif                                                                                       Other Comprehensive Income
   Lain - Setelah Pajak                                                        (5.082)            11.955                     (Loss) - Net of Tax
RUGI KOMPREHENSIF NETO                                                    (107.030)           (1.110.602)             NET COMPREHENSIVE LOSS




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara                The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                     integral part of these consolidated financial statements.

                                                                           4
Page 292
PT BAKRIELAND DEVELOPMENT Tbk                                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                              AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                             CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                               AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA                                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                            (Expressed in millions of Rupiah, unless otherwise
lain)                                                                         stated)



                                                 Catatan/
                                                  Notes                  2024               2023

Rugi Neto yang dapat
   Diatribusikan Kepada:                                                                                               Net Loss Attributable to:
   Pemilik Entitas Induk                                                  (68.528)         (1.079.192)             Owners of the Parent Entity
   Kepentingan non-pengendali                      3b,41b                 (33.420)            (43.365)                Non-controlling interest
Total                                                                    (101.948)         (1.122.557)                                         Total

Total Rugi Komprehensif yang                                                                                         Total Comprehensive Loss
   dapat Diatribusikan Kepada:                                                                                                Attributable to:
   Pemilik Entitas Induk                                                  (73.610)         (1.067.237)             Owners of the Parent Entity
   Kepentingan non-pengendali                      3b,41b                 (33.420)            (43.365)                Non-controlling interest
Total                                                                    (107.030)         (1.110.602)                                         Total
                                                                                                                        BASIC/DILUTED LOSS
RUGI NETO PER SAHAM                                                                                                              PER SHARE
DASAR/DILUSIAN DIATRIBUSIKAN                                                                                      ATTRIBUTABLE TO OWNERS
KEPADA PEMILIK ENTITAS INDUK                                                                                                OF THE PARENT
(Angka Penuh)                                      3y,42                      (2,34)           (25,79)                         (Full Amount)




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara             The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                  integral part of these consolidated financial statements.

                                                                          5
Page 293
PT BAKRIELAND DEVELOPMENT Tbk                                                                                           PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                        AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR PADA                                                                                          FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                                                               DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                (Expressed in millions of Rupiah, unless otherwise stated)



                                       Ekuitas Yang Dapat Diatribusikan Kepada Pemilik Entitas Induk / Equity Attributable To Owners Of The Parent Entity

                                                                                  Komponen Ekuitas Lainnya /
                                                                                 Other Component of Equity
                                                                                          Selisih Kurs
                                                                                               atas
                                                                                          Penjabaran
                                                                                            Laporan
                                                                                           Keuangan/
                                  Modal Saham                                                Foreign
                                   Ditempatkan                         Keuntungan          Exchange
                                       dan           Tambahan          (Kerugian)         Differences
                                  Disetor Penuh/    Modal Disetor/      Aktuarial/            from                                                                      Kepentingan
                                  Capital Stock      Additional         Actuarial           Financial                                                                  Non-pengendali/
                                   Issued and         Paid-In             Gains           Statements           Lain-lain/         Defisit/             Neto/           Non-controlling    Ekuitas - Neto/
                                    Fully Paid        Capital           (Losses)          Translation           Others            Deficit              Net                 interest        Equity - Net
Saldo 1 Januari 2023                   4.912.191          2.753.462          22.299              (868.596)        84.434              (210.674)       6.693.116               548.731          7.241.847    Balance as of January 1, 2023
Rugi neto tahun berjalan                       -                  -               -                      -              -            (1.079.192)      (1.079.192)              (43.365)       (1.122.557)            Net loss for the year
Penghasilan (rugi) komprehensif                                                                                                                                                                              Other comprehensive income
   lain tahun berjalan                         -                  -          (1.015)               24.091        (11.121)                     -             11.955                   -            11.955             (loss) for the year
                                                                                                                                                                                                                         Balance as of
Saldo 31 Desember 2023                 4.912.191          2.753.462          21.284              (844.505)        73.313             (1.289.866)      5.625.879               505.366          6.131.245          December 31, 2023
Rugi neto tahun berjalan                       -                  -               -                      -              -               (68.528)            (68.528)           (33.420)         (101.948)            Net loss for the year
Penghasilan (rugi) komprehensif                                                                                                                                                                              Other comprehensive income
   lain tahun berjalan                         -                  -           2.999                24.590        (32.671)                     -              (5.082)                 -            (5.082)            (loss) for the year
                                                                                                                                                                                                                         Balance as of
Saldo 31 Desember 2024                 4.912.191          2.753.462          24.283              (819.915)        40.642             (1.358.394)      5.552.269               471.946          6.024.215          December 31, 2024




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan              The accompanying notes to the consolidated financial statements are an integral part of these consolidated
keuangan konsolidasian secara keseluruhan.                                                                              financial statements.

                                                                                                                  6
Page 294
PT BAKRIELAND DEVELOPMENT Tbk                                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                 AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                                   CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA                                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                               (Expressed in millions of Rupiah, unless otherwise
lain)                                                                            stated)



                                                  Catatan/
                                                   Notes                 2024               2023

ARUS KAS DARI AKTIVITAS                                                                                                          CASH FLOWS FROM
OPERASI                                                                                                                      OPERATING ACTIVITIES
Penerimaan kas dari pelanggan                                        1.207.372             1.231.368                    Cash received from customers
Pembayaran kas kepada pemasok                                         (781.685)             (777.978)                            Cash paid to suppliers
Pembayaran kas kepada karyawan                                        (157.681)             (190.787)                          Cash paid to employees
Pembayaran kas untuk beban umum,                                                                                   Cash paid for general, administrative
  administrasi dan lain-lain                                             (117.521)          (122.532)                           and other expenses
Kas yang diperoleh dari operasi                                          150.485             140.071                    Cash provided from operations
Penerimaan bunga                                                           3.635               4.476                                  Interest received
Pembayaran beban bunga                                                                                                Payment of interest expense and
  dan keuangan                                                            (76.449)           (74.962)                            financial charges
Pembayaran pajak                                                          (47.758)           (33.312)                                    Tax payments
Arus Kas Neto yang Diperoleh dari Aktivitas                                                                     Net Cash Flows Provided by Operating
  Operasi                                                                 29.913              36.273                                    Activities

ARUS KAS DARI AKTIVITAS                                                                                                         CASH FLOWS FROM
INVESTASI                                                                                                                     INVESTING ACTIVITIES
Penerimaan dana dalam pembatasan - neto              11                   17.057               3.863               Receipts from restricted funds - net
Penerimaan piutang lainnya - neto                     8                   10.425              13.553              Receipts from other receivables - net
Penerimaan piutang pihak                                                                                                  Receipts of due from related
  berelasi - neto                                    38                     2.872             14.078                                   parties - net
Penerimaan penjualan aset tetap                                                                                     Proceeds from sale of fixed assets
  dan properti investasi                           15,16                      273              1.640                    and investment properties
Pembayaran uang muka pembelian                                                                                          Payment of advance payment
  tanah dan tanah untuk                                                                                                   for purchase of land and
  pengembangan - neto                              13,14                 (133.465)           (11.993)                   land for development - net
Perolehan aset tetap                                16                    (27.243)           (25.973)                        Acquisition of fixed assets
Arus Kas Neto yang Digunakan untuk                                                                                    Net Cash Flows Used in Investing
  Aktivitas Investasi                                                    (130.081)            (4.832)                                   Activities

ARUS KAS DARI AKTIVITAS                                                                                                         CASH FLOWS FROM
PENDANAAN                                                                                                                    FINANCING ACTIVITIES
Penerimaan (pembayaran) utang                                                                                                  Receipts (payments) for
  bank jangka pendek - neto                          19                   77.412             (75.700)                  short-term bank loans - net
Penerimaan (pembayaran) utang bank                                                                                   Receipts (payments) for long-term
  jangka panjang - neto                              27                   15.374              (4.942)                             bank loans - net
Penerimaan (pembayaran) utang lain-lain
  - neto                                             22                   (12.479)            35.231       Receipts (payments) for other payables - net
Pembayaran pembiayaan                                                                                                           Payments for long-term
  Musyarakah jangka panjang - neto                   28                    (2.485)            (5.466)                   Musyarakah financing - net
                                                                                                             Payments for liability for purchase of fixed
Pembayaran utang pembelian aset tetap - neto                                  (540)             (306)                                    assets - net
Pembayaran utang pihak                                                                                                    Payments for due to related
  berelasi - neto                                    38                       (159)           (6.168)                                    parties - net
Pembayaran pinjaman Musyarakah dan
  pinjaman dari pihak selain bank jangka                                                                           Payments for short-term Musyarakah
  pendek - neto                                      20                         (50)          11.550              financing and non-bank loan - net
Arus Kas Neto yang Diperoleh dari (Digunakan                                                                     Net Cash Flows Provided by (Used in)
  untuk) Aktivitas Pendanaan                                              77.073             (45.801)                         Financing Activities




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara                The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                     integral part of these consolidated financial statements.

                                                                          7
Page 295
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                                  CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)



                                                  Catatan/
                                                   Notes                 2024               2023

PENURUNAN NETO KAS DAN                                                                                               NET DECREASE IN CASH AND
SETARA KAS                                                               (23.095)           (14.360)                        CASH EQUIVALENTS

PENGARUH PERUBAHAN                                                                                                       EFFECTS OF EXCHANGE
KURS MATA UANG PADA                                                                                                          RATE CHANGES ON
KAS DAN SETARA KAS                                                              7               (16)               CASH AND CASH EQUIVALENTS

Penambahan atas kas dan setara kas dari                                                                        Additions of cash and cash equivalents
  pengambilalihan Entitas Anak                        5                    2.920                   -              from acquisition of a Subsidiary

KAS DAN SETARA KAS                                                                                                 CASH AND CASH EQUIVALENTS
AWAL TAHUN                                            6                  133.760            148.136                  AT BEGINNING OF THE YEAR
KAS DAN SETARA KAS                                                                                                 CASH AND CASH EQUIVALENTS
AKHIR TAHUN                                           6                  113.592            133.760                        AT END OF THE YEAR


Lihat Catatan 49 atas laporan keuangan konsolidasian untuk                      See Note 49 to the consolidated financial statements for the
informasi tambahan arus kas.                                                    supplementary cash flows information.




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          8
Page 296
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

1.   UMUM                                                       1.   GENERAL

     a. Pendirian Perusahaan dan Informasi Umum                      a. Establishment of the Company and General
                                                                        Information

       PT Bakrieland Development Tbk (“Perusahaan”)                    PT     Bakrieland     Development     Tbk    (“The
       didirikan pada tanggal 12 Juni 1990 berdasarkan                 Company”) was established with Notarial Deed
       Akta Notaris No. 209 dari John Leonard                          No. 209 of John Leonard Waworuntu, S.H., dated
       Waworuntu, S.H. Akta pendirian Perusahaan                       June 12, 1990. The Company’s Deed of
       disahkan oleh Menteri Kehakiman Republik                        establishment was approved by the Minister of
       Indonesia dalam Surat Keputusan No. C2-                         Justice of the Republic of Indonesia per Decision
       1978.HT.01.01.TH.91 tanggal 31 Mei 1991 dan                     Letter No. C2-1978.HT.01.01.TH.91 dated
       diumumkan dalam Berita Negara Republik                          May 31, 1991 and was published in the State
       Indonesia No. 93 tanggal 19 November 1991.                      Gazette No. 93 dated November 19, 1991. The
       Anggaran Dasar Perusahaan telah mengalami                       Company’s Articles of Association have been
       beberapa      kali   perubahan,      diantaranya,               amended several times, among others, based on
       berdasarkan Akta Notaris No. 29 dari Harun                      the Notarial Deed No. 29 of Harun Kamil, S.H.,
       Kamil, S.H., tanggal 3 April 1997, mengenai                     dated April 3, 1997, regarding the change of the
       perubahan nama Perusahaan dari PT Elang                         Company’s name from PT Elang Realty Tbk to
       Realty Tbk menjadi PT Bakrieland Development                    PT Bakrieland Development Tbk. This change
       Tbk. Perubahan ini telah disetujui oleh Menteri                 was approved by the Minister of Justice of the
       Kehakiman Republik Indonesia dalam Surat                        Republic of Indonesia per Decision Letter No. C2-
       Keputusan No. C2-3097.HT.01.04.Th.97 tanggal                    3097.HT.01.04.Th.97 dated April 25, 1997.
       25 April 1997. Perubahan Anggaran Dasar                         Subsequent changes to the Company’s Article of
       Perusahaan selanjutnya berdasarkan pada Akta                    Association were based on Notarial Deed No. 216
       Notaris Sutjipto, S.H., M.Kn., No. 216 tanggal                  of Sutjipto, S.H., M.Kn., dated June 23, 2008
       23 Juni 2008 mengenai perubahan Anggaran                        regarding amendments to the Company’s Article
       Dasar Perusahaan dalam rangka penyesuaian                       of Association in order to be in line with Law No.
       terhadap Undang-Undang Republik Indonesia                       40 of 2007 concerning Limited Liability
       No. 40 Tahun 2007 tentang Perseroan Terbatas.                   Companies. This amendment was approved by
       Perubahan ini telah disetujui oleh Menteri Hukum                the Ministry of Law and Human Rights in its
       dan Hak Asasi Manusia dengan Surat Keputusan                    Decision Letter No. AHU-58505-AH.01.02 Year
       No. AHU-58505-AH.01.02 Tahun 2008 tanggal                       2008 dated September 3, 2008 and published in
       3 September 2008 dan diumumkan dalam Berita                     State Gazette No. 96, Supplement No. 25686
       Negara No. 96 Tambahan No. 25686 tanggal                        dated November 28, 2008. The latest amendment
       28 November 2008. Perubahan terakhir                            was based on Notarial Deed No. 4 of Aulia
       berdasarkan Akta Notaris No. 4 dari Aulia Taufani,              Taufani, S.H., dated September 1, 2021. The
       S.H., tanggal 1 September 2021. Para pemegang                   Company’s shareholders through a Stockholders’
       saham Perusahaan, melalui Rapat Umum                            Annual General Meeting approved the amended
       Pemegang       Saham      Tahunan      menyetujui               Company’s Articles of Association in order to be
       perubahan Anggaran Dasar Perusahaan untuk                       in line with the Regulation of Indonesia Financial
       disesuaikan dengan Peraturan Otoritas Jasa                      Services      Authority   No.    15/POJK.04/2020
       Keuangan No.15/POJK.04/2020 tentang Rencana                     concerning Planning and Holding a General
       Penyelenggaraan Rapat Umum Pemegang                             Meeting of Shareholders of Public Limited
       Saham Perusahaan Terbuka secara elektronik.                     Companies electronically. This amendment was
       Perubahan ini telah disetujui oleh Menteri                      approved by the Ministry of Law and Human
       Hukum        dan     Hak       Asasi     Manusia                Rights of the Republic in Indonesia in its Decision
       Republik Indonesia dalam Surat Keputusan                        Letter No. AHU-0156725.AH.01.11. Year 2021
       No. AHU-0156725.AH.01.11.Tahun 2021 tanggal                     dated September 14, 2021.
       14 September 2021.

       Sesuai dengan pasal 3 Anggaran Dasar                            According to Article 3 of the Articles of
       Perusahaan, ruang lingkup kegiatan Perusahaan                   Association, the scope of the Company’s activities
       meliputi bidang konstruksi (termasuk real estat),               comprises construction (including real estate),
       perdagangan besar dan jasa (termasuk kegiatan                   whole sale and services (including professional,
       profesional, ilmiah dan teknis).                                scientific and technical activities).

       Perusahaan berdomisili di Jakarta dan kantor                    The Company is domiciled in Jakarta and its head
       pusat berlokasi di Gedung Wisma Bakrie 1                        office is located at Wisma Bakrie 1, 6th Floor, Jl.
       Lantai 6, Jl. H.R. Rasuna Said Kav. B1, Jakarta                 H.R. Rasuna Said Kav. B1, South Jakarta.
       Selatan. Saat ini Grup memiliki properti yang                   Currently, the Group owns properties located in
       terletak di Jakarta, Bogor, Lampung, Yogyakarta                 Jakarta, Bogor, Lampung, Yogyakarta and
       dan Sidoarjo.                                                   Sidoarjo.



                                                            9
Page 297
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

       Perusahaan mulai beroperasi secara komersial                     The Company started its commercial operations
       pada tahun 1990.                                                 in 1990.

       PT Bakrie Capital Indonesia, didirikan di Republik               PT Bakrie Capital Indonesia, established in the
       Indonesia, adalah pemegang saham pengendali                      Republic of Indonesia, is the controlling
       Perusahaan.                                                      shareholder of the Company.

       Pada tanggal 31 Desember 2024 dan 2023,                          As of December 31, 2024 and 2023, the Group’s
       pemegang saham terbesar Grup adalah                              largest shareholder is KPD Simas Equity Fund 2,
       KPD Simas Equity Fund 2, yang merupakan                          an insurance company based in Indonesia.
       perusahaan asuransi yang berbasis di Indonesia.

     b. Penawaran      Umum     Efek    dan     Obligasi              b. Public Offering of Shares and Bonds of The
        Perusahaan                                                       Company

       Pada tanggal 13 Oktober 1995, Perusahaan telah                   On October 13, 1995, the Company received an
       memperoleh pernyataan efektif dari Ketua Badan                   effective statement letter from the Chairman of
       Pengawas        Pasar    Modal      (BAPEPAM)                    the Capital Markets Supervisory Agency
       No. S-1304/PM/1995       untuk       melakukan                   (BAPEPAM) No. S-1304/PM/1995 to undertake
       Penawaran Umum Perdana kepada masyarakat                         an Initial Public Offering of its 110 million shares
       atas 110 juta lembar saham dengan nilai nominal                  with a par value of Rp500 per share through the
       Rp500 per lembar saham melalui Bursa Efek                        Jakarta Stock Exchange at the offering price of
       Jakarta dengan harga penawaran Rp625 per                         Rp625 per share. The Company listed all its
       lembar saham. Perusahaan telah mencatatkan                       shares issued on the Jakarta Stock Exchange on
       seluruh sahamnya di Bursa Efek Jakarta pada                      October 30, 1995.
       tanggal 30 Oktober 1995.

       Pada tanggal 15 September 1997, Perusahaan                       On September 15, 1997, the Company conducted
       melakukan Penawaran Umum Terbatas I dengan                       its Limited Public Offering I through pre-emptive
       Hak Memesan Efek Terlebih Dahulu (HMETD)                         rights to issue 1.05 billion shares with a par value
       atas 1,05 miliar lembar saham dengan nilai                       and offering price of Rp500 per share. All the
       nominal dan harga penawaran Rp500 per lembar                     shares were listed on the Jakarta Stock
       saham. Seluruh saham telah dicatatkan di Bursa                   Exchange on October 6, 1997.
       Efek Jakarta pada tanggal 6 Oktober 1997.

       Pada tanggal 22 November 2005, Perusahaan                        On November 22, 2005, the Company conducted
       melakukan Penawaran Umum Terbatas II dengan                      its Limited Public Offering II through pre-emptive
       HMETD atas 4,2 miliar lembar saham biasa Seri                    rights to issue 4.2 billion shares Series B with a
       B dengan nilai nominal Rp100 per lembar saham                    par value of Rp100 per share and an offering
       dan harga penawaran Rp150 per lembar saham                       price of Rp150 per share, all of which were
       yang seluruh saham yang ditempatkan dan                          issued, fully paid for and listed on the Jakarta
       disetor penuh telah dicatatkan di Bursa Efek                     Stock Exchange on December 12, 2005.
       Jakarta pada tanggal 12 Desember 2005.
       Pada tanggal 16 April 2007, Perusahaan                           On April 16, 2007, the Company received an
       memperoleh Surat Pemberitahuan Efektif atas                      Effective Notification Letter on the Share
       Pernyataan Pendaftaran Emisi Saham dari Ketua                    Issuance Registration Statement from the
       Bapepam-LK untuk melakukan Penawaran Umum                        Chairman of Bapepam-LK to conduct a Limited
       Terbatas III dengan HMETD atas 14 miliar saham                   Public Offering III, through the pre-emptive rights
       biasa Seri B dengan nominal Rp100 per lembar                     to issue 14 billion Series B shares with a par
       saham dan harga penawaran Rp200 per lembar                       value Rp100 per share and an offering price of
       saham, yang seluruh saham ditempatkan dan                        Rp200 per share, all of which were issued, fully
       disetor penuh telah dicatatkan di Bursa Efek                     paid for and listed on the Jakarta Stock Exchange
       Jakarta pada tanggal 1 Mei 2007. Dengan                          on May 1, 2007. With the issuance of these
       diterbitkannya saham tersebut, maka jumlah                       shares, the total number of the Company’s shares
       saham Perusahaan yang telah dicatatkan di                        listed on the Jakarta Stock Exchange came to
       Bursa Saham Jakarta menjadi sebanyak                             19.6 billion shares.
       19,6 miliar lembar saham.




                                                            10
Page 298
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.     GENERAL (Continued)

        Berkenaan dengan Penawaran Umum Terbatas                            In regards to Limited Public Offering III, the
        III, Perusahaan juga menerbitkan Waran Seri I, di                   Company also issued Series I Warrants, of which
        mana untuk setiap 50 saham baru hasil                               every 50 new shares resulting from the exercise
        pelaksanaan HMETD tersebut melekat 7 Waran                          of the Pre-emptive Rights are attached to
        Seri I yang diberikan cuma-cuma sebagai insentif                    7 (seven) Series I Warrants which were given free
        bagi pemegang saham Perusahaan dan/atau                             of charge as an incentive for the Company's
        pemegang HMETD yang melaksanakan haknya.                            Shareholders and/or Pre-emptive Right holders
                                                                            who exercise their rights.

        Pada tanggal 28 Februari 2008, Perusahaan telah                     On February 28, 2008, the Company received an
        mendapatkan pemberitahuan efektif pernyataan                        effective registration notification in regards to the
        pendaftaran dalam rangka Penawaran Umum                             Public Offering of Bakrieland Development Bonds
        Obligasi I Bakrieland Development Tahun 2008                        I Year 2008 with Fixed Interest Rate from the
        dengan Tingkat Bunga Tetap dari Badan                               Capital Markets and Financial Institution
        Pengawas Pasar Modal dan Lembaga Keuangan                           Supervisory     Agency      through      Letter   No.
        berdasarkan Surat No. S-1220/BL/2008.                               S-1220/BL/2008.

        Pada tanggal 25 Juni 2010, Perusahaan                               On June 25, 2010, the Company received the
        memperoleh Surat Pemberitahuan Efektif atas                         Effective Notification Letter for Share Issuance
        Pernyataan Pendaftaran Emisi Saham dari ketua                       Registration Statement from Bapepam-LK to
        Bapepam-LK untuk melakukan Penawaran Umum                           conduct a Limited Public Offering IV, through the
        Terbatas IV dengan HMETD atas 19,96 miliar                          preemptive rights to issue 19.96 billion shares
        lembar saham biasa seri B dengan nominal                            Series B with a par value of Rp100 per share at
        Rp100 per lembar saham dan harga penawaran                          an offering price of Rp160 per share. With the
        Rp160 per lembar saham. Dengan diterbitkannya                       issuance of these shares, the total shares listed
        saham tersebut, maka jumlah saham Perusahaan                        on the stock exchange was 43.52 billion shares.
        yang telah dicatatkan di bursa saham menjadi
        sebanyak 43,52 miliar lembar saham.

        Berkenaan dengan Penawaran Umum Terbatas                            In regards to Limited Public Offering IV, the
        IV tersebut, Perusahaan juga menerbitkan Waran                      Company also issued Series II Warrants, of which
        – Seri II, di mana untuk setiap 20 saham baru                       every 20 new shares resulting from the exercise
        hasil pelaksanaan HMETD tersebut melekat                            of the Pre-emptive Rights were attached to
        7 Waran Seri II yang diberikan cuma-cuma                            7 (seven) Series II Warrants which were given
        sebagai     insentif bagi   pemegang     saham                      free of charge as an incentive for the Company's
        Perusahaan dan/atau pemegang HMETD yang                             Shareholders and/or Pre-emptive Right holders
        melaksanakan haknya.                                                who exercise their rights.

     c. Struktur Entitas Anak                                           c. The Structure of Subsidiaries

        Pada tanggal 31 Desember 2024 dan 2023,                             As of December 31, 2024 and 2023, the
        Perusahaan memiliki Entitas Anak (bersama                           Company has several Subsidiaries (together with
        dengan Perusahaan disebut sebagai “Grup”)                           the Company collectively referred to as the
        sebagai berikut:                                                    “Group”) as follows:

                                                                       Persentase                               Total Aset
                                                                      Kepemilikan/         Tahun           (Sebelum Eliminasi)/
                                                                      Percentage of      Pendirian/           Total Assets
                                              Lokasi Proyek/           Ownership          Year of          (Before Elimination)
               Entitas Anak / Subsidiaries   Project Domicile         2024    2023     Establishment        2024          2023
        Entitas Anak/Subsidiaries
        PT Citrasaudara Abadi ("CSA")           Tangerang                                  1988              401.963      401.814
           (langsung/direct )                                          99,99   99,99
           (melalui/through JBR )                                       0,01    0,01
        PT Krakatau Lampung Tourism              Lampung                                   1994            1.037.437    1.037.776
           Development ("KLTD")
           (langsung/direct )                                          99,88   99,88
        PT Bakrie Swasakti Utama ("BSU")         Jakarta                                   1982            4.286.742    4.008.091
           (langsung/direct )                                          69,63   69,63
           (melalui/through LW-6)                                      30,00   30,00



                                                            11
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

1.   UMUM (Lanjutan)                                                1.     GENERAL (Continued)

                                                                          Persentase                            Total Aset
                                                                         Kepemilikan/          Tahun       (Sebelum Eliminasi)/
                                                                         Percentage of       Pendirian/       Total Assets
                                                Lokasi Proyek/            Ownership           Year of      (Before Elimination)
               Entitas Anak / Subsidiaries     Project Domicile          2024    2023      Establishment    2024          2023

        PT Superwish Perkasa ("SP")                 Jakarta                                    2006        1.331.267    1.325.934
           (langsung/direct )                                             69,99    69,99
           (melalui/through LW-6)                                         30,00    30,00
           (melalui/through BSU)                                           0,01     0,01
        PT Bumi Daya Makmur ("BDM")                 Jakarta                                    2006         790.483       803.573
           (langsung/direct )                                             69,99    69,99
           (melalui/through LW-6)                                         30,00    30,00
           (melalui/through BSU)                                           0,01     0,01
        PT Bumi Sentra Investama ("BSI")            Jakarta                                    2009           5.868         5.910
                            b)
           (langsung/direct )                                             99,99    99,99
        BLD Investment Pte. Ltd. ("BLDI")    Singapura/ Singapore                              2010         233.400       233.768
           (langsung/direct )                                            100,00   100,00
        Limitless World International               Dubai                                      2008         731.318       731.318
           Services-6 Ltd. ("LW-6")
           (langsung/direct )
                              b)                                         100,00   100,00
        PT Bahana Sukma Sejahtera              Bogor,Jawa Barat/                               1993         774.299       800.680
           ("BSS")                                West Java
           (langsung/direct )                                             99,96    99,96
           (melalui/through JBR )                                          0,04     0,04
        PT Bakrie Nirwana Realty ("BNR")       Bogor,Jawa Barat/                               2014         248.501       247.563
           (langsung/direct)                      West Java               99,99    99,99
           (melalui/through CSA)                                           0,01     0,01
        PT Jasa Boga Raya ("JBR")              Bogor,Jawa Barat/                               2012           4.006         4.525
           (langsung/direct )                     West Java               85,00    85,00
        PT Surya Global Nusantara ("SGN")          Jakarta                                     2015         511.560       521.730
           (langsung/direct )                                             99,99    99,99
           (melalui/through JBR)                                           0,01     0,01
        PT Prima Bisnis Utama ("PBU")               Jakarta                                    2015         159.743       160.200
           (langsung/direct)                                              99,81    99,81
           (melalui/through JBR)                                           0,09     0,09
        PT Mutiara Masyhur Sejahtera         Sidoarjo,Jawa Timur/                              2005        1.232.838    1.093.856
           ("MMS")                                East Java
           (langsung/direct)                                               2,92     2,92
           (melalui/through BSU)                                          36,89    36,89
           (melalui/through BDM)                                           17,2     17,2
           (melalui/through SP)                                            42,2     42,2
        BLD Asia Pte. Ltd. ("BLDA")          Singapura/ Singapore                              2010                -              -
           (melalui/through BLDI)                                        100,00   100,00
        PT Bakrie Pesona Rasuna                    Jakarta                                     1996           65.429       53.193
           (“BPR”)
           (melalui/through BSU)                                          98,80    98,80
        PT Rasuna Residence                        Jakarta                                     2004           55.302       63.244
           Development (“RRD”)
           (melalui/through BSU)                                          99,91    99,91
           (melalui/through BSU)                                           0,09     0,09
        PT Provices Indonesia ("PVI")              Jakarta                                     2007          329.360      278.362
           (melalui/through BSU)                                          99,99    99,99
        PT Graha Multi Insani ("GMI")            Yogyakarta                                    2006          241.990      416.546
           (melalui/through BSU)                                          99,20    99,20
           (melalui/through SP)                                            0,80     0,80
        PT Bakrie Pangripta Loka ("BPL")           Jakarta                                     2008           16.445       45.026
           (langsung/direct)                                              26,00    26,00
           (melalui/through BSU)                                          74,00    74,00
        PT Maju Makmur Sejahtera             Sidoarjo,Jawa Timur/                              2001           49.536       49.540
                    a)                            East Java
           (“MMSJ”)
           (melalui/through MMS)                                          99,00    99,00
        PT Nugraha Adhikarsa Pratama         Sidoarjo,Jawa Timur/                              1997           98.682       98.554
           (“NAP”)                                East Java
           (melalui/through MMS)                                          99,00    99,00




                                                               12
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PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                              DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

1.   UMUM (Lanjutan)                                                   1.     GENERAL (Continued)

                                                                             Persentase                               Total Aset
                                                                            Kepemilikan/            Tahun        (Sebelum Eliminasi)/
                                                                            Percentage of         Pendirian/        Total Assets
                                                  Lokasi Proyek/             Ownership             Year of       (Before Elimination)
               Entitas Anak / Subsidiaries       Project Domicile           2024    2023        Establishment     2024          2023

        PT Inti Permata Sejati                 Sidoarjo,Jawa Timur/                                 2001           114.365      114.484
           (“IPS”)                                  East Java
           (melalui/through MMS)                                             99,00   99,00
        PT Graha Istana Nirwana                Sidoarjo,Jawa Timur/                                 2010           109.793              -
                  c)                                East Java
           (“GIN”)
           (melalui/through MMS)                                            100,00          -
        PT Mitra Langgeng Sejahtera            Sidoarjo,Jawa Timur/                                 2004             6.244        6.253
                  a)                                East Java
           (“MLS”)
           (melalui/through MMS)                                             99,01   99,01
        PT Megah Djati Karya                   Sidoarjo,Jawa Timur/                                 2006             3.131        3.124
                   a)                               East Java
           (“MDK”)
           (melalui/through MMS)                                             99,00   99,00
        PT Provices Lintas Mandiri                    Jakarta                                       2015             1.999        1.999
           (“PLM”) a)
           (melalui/through PVI)                                             99,95   99,95
        PT Provices Total Mandiri                     Jakarta                                       2015             1.499        1.499
           (“PTM”) a)
           (melalui/through PVI)                                             99,93   99,93
        PT Provices Prima Mandiri                     Jakarta                                       2015             1.734        1.619
           (“PPM”)
           (melalui/through PVI)                                             99,26   99,26
        PT Provices Karya Mandiri                     Jakarta                                       2016              125           125
                    a)
           (“PKM”)
           (melalui/through PVI)                                             96,00   96,00
        PT Graha Andrasentra                    Bogor,Jawa Barat/                                   1988         1.539.422    1.620.937
           Propertindo Tbk (“GAP”)                 West Java
           (melalui/through SGN)                                             38,76   38,76
        PT Andrasentra Properti                 Bogor,Jawa Barat/                                   2015             4.094        3.544
           Services (“APS”)                        West Java
           (melalui/through GAP)                                             99,99   99,99


        a)   Entitas dalam tahap pengembangan                                    a) Entities under development stage
        b)   Tidak aktif                                                         b) Inactive
        c)   Entitas Anak yang baru diambil                alih                  c) Newly acquired Subsidiary (Note 5)
              (Catatan 5)

       Kegiatan usaha Entitas Anak adalah sebagai                                Activities of Subsidiaries are as follows:
       berikut:

                        Entitas Anak / Subsidiaries                                         Kegiatan Usaha / Activities

         Kepemilikan langsung / Direct ownership:
         PT Citrasaudara Abadi                                         Real Estat/
                                                                       Real Estate
         PT Krakatau Lampung Tourism Development                       Konstruksi gedung penginapan, hotel, vila, restoran,
                                                                       kafe, kawasan pariwisata/
                                                                       Construction of accommodation building, hotels, vila,
                                                                       restaurants, cafe, tourism areas
         PT Bakrie Swasakti Utama                                      Real estat, konstruksi gedung pendidikan, hunian,
                                                                       perkantoran, penginapan, hiburan dan olahraga,
                                                                       perbelanjaan, industri dan lainnya /
                                                                       Real estate, construction of educational buildings,
                                                                       residential, offices, lodging, entertainment and sports,
                                                                       shopping, industry and others
         PT Superwish Perkasa                                          Konstruksi gedung lainnya/
                                                                       Other building construction



                                                                  13
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

                   Entitas Anak / Subsidiaries                                 Kegiatan Usaha / Activities

         PT Bumi Daya Makmur                                     Real Estat/
                                                                 Real Estate
         PT Bumi Sentra Investama                                Real estat dan jasa /
                                                                 Real estate and services
         BLD Investment Pte. Ltd.                                Investasi dan pendanaan /
                                                                 Investments and refinancing
         Limitless World International Services - 6 Ltd.         Perusahaan investasi /
                                                                 Investments company
         PT Bahana Sukma Sejahtera                               Real estat/
                                                                 Real estate
         PT Bakrie Nirwana Realty                                Real estat/
                                                                 Real estate
         PT Jasa Boga Raya                                       Perdagangan, jasa penyedia makanan dan minuman /
                                                                 Trading, food and beverage services
         PT Surya Global Nusantara                               Pembangunan, perdagangan dan jasa /
                                                                 Construction, trading and services
         PT Prima Bisnis Utama                                   Pembangunan, perdagangan dan jasa /
                                                                 Construction, trading and services
         PT Mutiara Masyhur Sejahtera                            Real estat, konstruksi gedung tempat tinggal dan gedung
                                                                 lainnya, aktivitas telekomunikasi tanpa kabel /
                                                                 Real estate, construction of residential and other
                                                                 buildings, wireless telecommunication activities
         Kepemilikan tidak langsung / Indirect ownership:
         Melalui BSU / Through BSU:
         PT Bakrie Pesona Rasuna                                 Real estat, fasilitas lapangan, pengelolaan fasilitas
                                                                 olahraga, klub kebugaran, aktivitas perparkiran,
                                                                 periklanan, fasilitas gelanggang atau arena/
                                                                 Real estate, court facilities, management sports facilities,
                                                                 fitness clubs, parking activities, advertising, arena
                                                                 facilities
         PT Rasuna Residence Development                         Hotel, restoran, penyedia akomodasi lainnya /
                                                                 Hotels, restaurants, other accommodation providers

         PT Provices Indonesia                                   Kebersihan bangunan dan industri lain, keamanan
                                                                 swasta, jasa sistem keamanan, penyedia tenaga kerja
                                                                 waktu tertentu, penyedia gabungan jasa penunjang
                                                                 fasilitas, kebersihan umum dan bangunan, perawatan
                                                                 dan pemeliharaan taman, real estat /
                                                                 Building and other industrial cleaning, private security,
                                                                 security system services, fixed-time labor provider,
                                                                 combined facility support service provider, public and
                                                                 building cleaning, garden care and maintenance, real
                                                                 estate
         PT Graha Multi Insani                                   Real estat/
                                                                 Real estate
         PT Bakrie Pangripta Loka                                Perdagangan, pembangunan dan jasa /
                                                                 Trading, construction and services
         PT Mutiara Masyhur Sejahtera                            Real estat, konstruksi gedung tempat tinggal dan gedung
                                                                 lainnya, aktivitas telekomunikasi tanpa kabel /
                                                                 Real estate, construction of residential and other
                                                                 buildings, wireless telecommunication activities
         Kepemilikan tidak langsung / Indirect ownership:
         Melalui LW-6 / Through LW-6:
         PT Bakrie Swasakti Utama                                Real estat, properti, apartemen, perhotelan dan
                                                                 perkantoran /
                                                                 Real estate, property, apartment, hotels and office
                                                                 spaces


                                                            14
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PT BAKRIELAND DEVELOPMENT Tbk                             PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO CONSOLIDATED
KONSOLIDASIAN                                             FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                            FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                 DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan        (Expressed in millions of Rupiah, unless otherwise
lain)                                                     stated)

1.   UMUM (Lanjutan)                                      1.   GENERAL (Continued)

                  Entitas Anak / Subsidiaries                           Kegiatan Usaha / Activities

         PT Bumi Daya Makmur                              Perdagangan, pembangunan dan jasa /
                                                          Trading, construction and services
         PT Superwish Perkasa                             Pembangunan dan real estat /
                                                          Construction and real estate
         Melalui BLDI / Through BLDI:
         BLD Asia Pte. Ltd.                               Investasi dan pendanaan /
                                                          Investments and refinancing
         Melalui MMS / Through MMS:
         PT Maju Makmur Sejahtera                         Real estat, konstruksi gedung tempat tinggal dan jalan
                                                          raya, penyiapan lahan, perdagangan/ Real estate,
                                                          construction of residential buildings and highways, land
                                                          preparation, trading
         PT Nugraha Adhikarsa Pratama                     Real estat dan perdagangan/ Real estate and trading
         PT Inti Permata Sejati                           Real estat/
                                                          Real estate
         PT Mitra Langgeng Sejahtera                      Real estat, konstruksi gedung tempat tinggal dan jalan
                                                          raya, penyiapan lahan, perdagangan /
                                                          Real estate, construction of residential buildings and
                                                          roads, land preparation, trading
         PT Megah Djati Karya                             Real estat, konstruksi gedung tempat tinggal dan jalan
                                                          raya, penyiapan lahan, perdagangan /
                                                          Real estate, construction of residential buildings and
                                                          roads, land preparation, trading
         PT Graha Istana Nirwana                          Hotel, restoran dan penyedia akomodasi lainnya/
                                                          Hotels, restaurants and other accommodation providers
         Melalui PVI / Through PVI:
         PT Provices Lintas Mandiri                       Pengelola gedung, apartemen dan perumahan /
                                                          Management of building, apartment and residential area
         PT Provices Total Mandiri                        Pengelola gedung, apartemen dan perumahan /
                                                          Management of buildings, apartments and residential
                                                          areas
         PT Provices Prima Mandiri                        Penyedia tenaga kerja waktu tertentu, penyedia
                                                          gabungan jasa penunjang fasilitas, instalasi saluran air,
                                                          kebersihan bangunan dan industri lain, kebersihan
                                                          umum bangunan, aktivitas perparkiran /
                                                          Provider of certain time workers, combined facility
                                                          support services, installation of waterways, cleaning of
                                                          buildings and other industries, general cleaning of
                                                          buildings, parking activities
         PT Provices Karya Mandiri                        Pengelola gedung, apartemen dan perumahan /
                                                          Management of buildings, apartments and residential
                                                          areas
         Melalui SGN / Through SGN:
         PT Graha Andrasentra Propertindo Tbk             Pengembangan,      perdagangan      dan    jasa     yang
                                                          berhubungan dengan real estat, properti dan
                                                          pengelolaan taman hiburan/rekreasi serta hotel /
                                                          Development, trading and services related to real estate,
                                                          property and management of theme parks/recreation
                                                          parks and hotels
         Melalui GAP / Through GAP:
         PT Andrasentra Properti Services                 Pengelola hotel /
                                                          Hotel management




                                                     15
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

1.   UMUM (Lanjutan)                                                1.    GENERAL (Continued)
        Pada tanggal 31 Desember 2024 dan 2023,                              As of December 31, 2024 and 2023
        Limitless World International Services-6 Ltd. dan                    Limitless World International Services-6 Ltd. and
        PT Bumi Sentra Investama merupakan Entitas                           PT Bumi Sentra Investama are inactive. While,
        yang tidak aktif beroperasi. Sedangkan,                              PT Maju Makmur Sejahtera, PT Mitra Langgeng
        PT Maju Makmur Sejahtera, PT Mitra Langgeng                          Sejahtera, PT Megah Djati Karya, PT Provices
        Sejahtera, PT Megah Djati Karya, PT Provices                         Lintas Mandiri, PT Provices Total Mandiri and
        Lintas Mandiri, PT Provices Total Mandiri dan                        PT Provices Karya Mandiri are entities under
        PT Provices Karya Mandiri merupakan Entitas                          development.
        yang masih dalam tahap pengembangan.

     d. Dewan Komisaris, Direksi dan Karyawan                             d. Board of Commissioners, Board of Directors
                                                                             and Employees
        Pada tanggal 31 Desember 2024 dan 2023,                               As of December 31, 2024 and 2023, the
        susunan      Dewan     Komisaris    dan    Direksi                    composition of the Company’s Boards of
        Perusahaan, berdasarkan Akta Notaris Aryanti                          Commissioners and Directors, based on Notarial
        Artisari S.H., M.Kn., No. 16 tanggal 13 Juni 2024                     Deed No. 16 of Aryanti Artisari S.H., M.Kn., dated
        dan Akta Notaris Andalia Farida, S.H., M.H.,                          June 13, 2024 and based on Notarial Deed
        No. 19 tanggal 21 Juli 2022 adalah sebagai                            No. 19 of Andalia Farida, S.H., M.H., dated
        berikut:                                                              July 21, 2022 are as follows:

                                                  2024                            2023

        Dewan Komisaris                                                                                Board of Commissioners
        Komisaris Utama                  Bambang Irawan Hendradi         Bambang Irawan Hendradi         President Commissioner
        Komisaris                           Armansyah Yamin                 Armansyah Yamin                        Commissioner
        Komisaris Independen               Kanaka Puradiredja              Kanaka Puradiredja         Independent Commissioner

        Direksi                                                                                              Board of Directors
        Direktur Utama                      Resza Adikreshna                Ambono Janurianto                 President Director
        Direktur                             Melky Aliandri                     Fandrizal                               Director
        Direktur                                 Sisilia                       Djaffarullah                             Director


        Pada tanggal 31 Desember 2024 dan 2023,                              As of December 31, 2024 and 2023, the Group’s
        jumlah karyawan tetap Grup masing-masing                             total number of permanent employees was 320
        adalah 320 dan 361 karyawan (tidak diaudit).                         and 361, respectively (unaudited).

        Susunan anggota komite audit pada tanggal                            The composition of the audit committee as of
        31 Desember 2024 dan 2023 adalah sebagai                             December 31, 2024 and 2023 is as follows:
        berikut:

                                                          2024 dan/and 2023

        Ketua                                             Kanaka Puradiredja                                           Chairman
        Anggota                                            Mohamad Hassan                                               Member
        Anggota                                          Soenarso Soemodiwirjo                                          Member

        Pada tanggal 31 Desember 2024 dan 2023,                              As of December 31, 2024 and 2023, the
        Sekretaris Perusahaan adalah Harsya Novwan.                          Company’s Corporate Secretary is Harsya
                                                                             Novwan.

     e. Penyelesaian           Laporan          Keuangan                  e. Completion of the Consolidated Financial
        Konsolidasian                                                        Statements

        Manajemen Perusahaan bertanggung jawab atas                          The management of the Company is responsible
        penyusunan laporan keuangan konsolidasian.                           for the preparation of the consolidated financial
        Laporan keuangan konsolidasian ini diselesaikan                      statements. The accompanying consolidated
        dan diotorisasi untuk diterbitkan oleh manajemen                     financial statements were completed and
        Perusahaan pada tanggal 26 Maret 2025.                               authorized for issue by the Company’s
                                                                             management on March 26, 2025.

                                                               16
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

2.   PERNYATAAN KEPATUHAN                                        2.   STATEMENT OF COMPLIANCE

     Laporan keuangan konsolidasian telah disusun                     The consolidated financial statements have been
     sesuai dengan Standar Akuntansi Keuangan (“SAK”),                prepared in accordance with Financial Accounting
     yang mencakup Pernyataan dan Interpretasi yang                   Standards (“SAK”), which comprise the Statements
     diterbitkan oleh Dewan Standar Akuntansi Keuangan                and Interpretations issued by the Board of Financial
     Ikatan Akuntan Indonesia dan Dewan Standar                       Accounting Standards of the Indonesian Institute of
     Akuntansi Syariah Ikatan Akuntan Indonesia, serta                Accountants and Board of Syariah Financial
     peraturan regulator pasar modal.                                 Accounting Standards of the Indonesian Institute of
                                                                      Accountants, and capital market regulations.


3.   KEBIJAKAN AKUNTANSI MATERIAL                                3.   MATERIAL ACCOUNTING POLICIES

     a. Dasar   Penyusunan       Laporan      Keuangan                a. Basis of Preparation            of    Consolidated
        Konsolidasian                                                    Financial Statements

        Kebijakan akuntansi penting yang diterapkan                      The principal accounting policies applied in the
        dalam      penyusunan       laporan     keuangan                 preparation of these consolidated financial
        konsolidasian ini adalah selaras dengan kebijakan                statements are consistent with the accounting
        akuntansi yang diterapkan dalam penyusunan                       policies applied in the preparation of the Group’s
        laporan keuangan konsolidasian Grup untuk                        consolidated financial statements for the year
        tahun      yang     berakhir     pada     tanggal                ended December 31, 2023, except for the
        31 Desember 2023, kecuali untuk penerapan                        adoption of amended accounting standards
        amendemen standar akuntansi yang berlaku                         effective January 1, 2024 as described in the
        efektif tanggal 1 Januari 2024 seperti yang                      related accounting policies.
        dijelaskan dalam kebijakan akuntansi terkait.

        Efektif tanggal 1 Januari 2024, Grup telah                       Effective January 1, 2024, the Group adopted
        menerapkan       Amendemen          PSAK     201                 Amendment         to      PSAK      201     (previously
        (sebelumnya PSAK 1), “Penyajian Laporan                          PSAK 1), “Presentation of Financial Statements”
        Keuangan” tentang liabilitas jangka panjang                      regarding non-current liabilities with covenants.
        dengan kovenan. Amendemen ini mengatur                           This amendment stipulates that only covenants
        bahwa hanya kovenan yang harus dipatuhi entitas                  that must be complied with by the entity on or
        pada atau sebelum tanggal pelaporan yang akan                    before the reporting date will affect the
        memengaruhi klasifikasi liabilitas jangka pendek                 classification of liabilities as current or non-current
        atau jangka panjang serta pengungkapannya.                       and their disclosure.

        Penerapan amendemen ini tidak berdampak                          The adoption of this amendment had no impact
        terhadap laporan keuangan konsolidasian Grup.                    on the Group’s consolidated financial statements.

        Laporan keuangan konsolidasian, kecuali laporan                  The consolidated financial statements, except for
        arus kas konsolidasian, disusun secara akrual                    the consolidated statement of cash flows, have
        dengan menggunakan konsep harga perolehan,                       been prepared on the accrual basis using the
        kecuali beberapa akun tertentu disusun                           historical cost basis of accounting, except for
        berdasarkan pengukuran lain sebagaimana                          certain accounts which are measured on the
        diuraikan dalam kebijakan akuntansi masing-                      bases described in the related accounting
        masing akun tersebut.                                            policies for those accounts.

        Efektif tanggal 1 Januari 2024, Grup telah                       Effective January 1, 2024, the Group adopted
        menerapkan      Amendemen     PSAK      207                      Amendment to PSAK 207 (previously PSAK 2)
        (sebelumnya PSAK 2), “Laporan Arus Kas” dan                      “Statement of Cash Flows” and PSAK 107
        PSAK 107 (sebelumnya PSAK 60) “Instrumen                         (previously PSAK 60) “Financial Instruments:
        Keuangan: Pengungkapan” tentang pengaturan                       Disclosures” related to supplier finance
        pembiayaan     pemasok.   Amendemen      ini                     arrangements. These amendments clarify the
        memperjelas pengungkapan terkait pengaturan                      disclosure requirements in relation to supplier
        pembiayaan pemasok.                                              finance arrangements.

        Penerapan amendemen ini tidak berdampak                          The adoption of these amendments had no
        terhadap laporan keuangan konsolidasian Grup.                    impact on the Group’s consolidated financial
                                                                         statements.


                                                            17
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Laporan arus kas konsolidasian disusun dengan                      The consolidated statement of cash flows is
        menggunakan          metode     langsung,   dan                    prepared based on the direct method, and
        dikelompokkan ke dalam aktivitas operasi,                          classified into operating, investing and financing
        investasi    dan     pendanaan.    Pengungkapan                    activities. Additional disclosure is presented to
        tambahan       disajikan   untuk    mengevaluasi                   evaluate changes in liabilities arising from
        perubahan pada liabilitas yang timbul dari                         financing activities, including the changes arising
        aktivitas pendanaan, termasuk perubahan yang                       from cash flows or non-cash changes.
        timbul dari arus kas maupun perubahan non-kas.

        Mata uang penyajian yang digunakan dalam                           The presentation currency used in the
        penyusunan laporan keuangan konsolidasian                          preparation of the consolidated financial
        adalah mata uang Rupiah (Rp), yang juga                            statements is Rupiah (Rp), which is also the
        merupakan mata uang fungsional Grup. Tiap                          functional currency of the Group. Each entity in
        entitas dalam Grup menentukan mata uang                            the Group determines its own functional currency
        fungsionalnya masing-masing dan mengatur                           and measures its transactions using the
        transaksinya dalam mata uang fungsional                            respective functional currency.
        tersebut.

        Penyusunan laporan keuangan konsolidasian                          The preparation of consolidated financial
        sesuai dengan Standar Akuntansi Keuangan di                        statements in conformity with Indonesian Financial
        Indonesia mengharuskan penggunaan estimasi                         Accounting Standards requires the use of certain
        dan asumsi. Hal tersebut juga mengharuskan                         accounting estimation and assumptions. It also
        manajemen untuk membuat pertimbangan dalam                         requires management to exercise its judgment in
        proses penerapan kebijakan akuntansi Grup.                         the process of applying the Group’s accounting
                                                                           policies.

     b. Prinsip-prinsip Konsolidasian                                   b. Principles of Consolidation

        Laporan keuangan konsolidasian meliputi laporan                    The consolidated financial statements include the
        keuangan Perusahaan dan Entitas Anak seperti                       financial statements of the Company and
        yang disebutkan pada Catatan 1c.                                   Subsidiaries as mentioned in Note 1c.

        Laporan keuangan Entitas Anak disusun dengan                       The financial statements of the Subsidiaries are
        periode    pelaporan     yang     sama   dengan                    prepared for the same reporting period as the
        Perusahaan.      Kebijakan     akuntansi   yang                    Company. The accounting policies adopted in
        digunakan dalam penyajian laporan keuangan                         preparing the consolidated financial statements
        konsolidasian telah diterapkan secara konsisten                    have been consistently applied by the Group,
        oleh Grup, kecuali dinyatakan lain.                                unless otherwise stated.

        Entitas-entitas anak dikonsolidasi secara penuh                    Subsidiaries are fully consolidated from the date
        sejak tanggal akuisisi, yaitu tanggal Perusahaan                   of acquisition, which is the date the Company
        memperoleh pengendalian, sampai dengan                             obtains control, until the date the Company
        tanggal Perusahaan kehilangan pengendalian.                        ceases to control the Subsidiaries.

        Investor mengendalikan investee ketika investor                    An investor controls an investee when it is
        terekspos atau memiliki hak atas imbal hasil                       exposed, or has rights, to variable returns from its
        variabel dari keterlibatannya dengan investee dan                  involvement with the investee and has the ability
        memiliki kemampuan untuk memengaruhi imbal                         to affect those returns through its power over the
        hasil tersebut melalui kekuasaannya atas                           investee. Therefore, the investor controls the
        investee.       Dengan       demikian,     investor                investee if, and only if, the investor has all of the
        mengendalikan investee jika, dan hanya jika,                       following:
        investor memiliki seluruh hal berikut ini:
        (a) kekuasaan atas investee;                                       (a) power over the investee;
        (b) eksposur atau hak atas imbal hasil variabel                    (b) exposure or rights to variable returns from its
             dari keterlibatannya dengan investee; dan                         involvement with the investee; and
        (c) kemampuan            untuk       menggunakan                   (c) the ability to use its power over the investee
             kekuasaannya        atas   investee      untuk                    to affect the amount of the investor’s returns.
             memengaruhi jumlah imbal hasil investor.



                                                              18
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Investor menilai kembali apakah investor                          An investor reassesses whether it controls an
       mengendalikan investee jika fakta dan keadaan                     investee if facts and circumstances indicate that
       mengindikasikan adanya perubahan terhadap                         one or more of the three (3) control elements
       satu atau lebih dari tiga (3) elemen pengendalian.                have changed.

       Kepentingan      nonpengendali      mencerminkan                  Non-controlling interest represents a portion of
       bagian atas laba rugi dan aset neto yang tidak                    the profit or loss and net assets not attributable to
       diatribusikan kepada entitas induk dan disajikan                  the parent and is presented separately in the
       secara terpisah dalam laporan laba rugi dan                       consolidated statements of profit or loss and
       penghasilan komprehensif lain konsolidasian, dan                  other comprehensive income, and within equity in
       dalam ekuitas pada laporan posisi keuangan                        the consolidated statements of financial position,
       konsolidasian, dipisahkan dari ekuitas yang dapat                 separately from equity attributable to the parent.
       diatribusikan kepada entitas induk.

       Total penghasilan komprehensif lain diatribusikan                 Total other comprehensive income is attributed to
       kepada pemilik entitas induk dan kepentingan                      the owners of the parent and to the non-
       nonpengendali bahkan jika hal ini mengakibatkan                   controlling interests even if this results in the non-
       kepentingan nonpengendali mempunyai saldo                         controlling interests having a deficit balance.
       defisit.

       Seluruh saldo akun dan transaksi yang material                    All significant intercompany balances            and
       antar entitas yang dikonsolidasi telah dieliminasi.               transactions have been eliminated.

       Perubahan bagian kepemilikan                                      Changes in the ownership interests

       Perubahan dalam bagian kepemilikan entitas                        Changes in a parent’s ownership interest in a
       induk    pada     entitas    anak   yang    tidak                 subsidiary that do not result in a loss of control
       mengakibatkan hilangnya pengendalian dicatat                      are accounted for as equity transactions, in which
       sebagai transaksi ekuitas, di mana jumlah                         the carrying amounts of the controlling and non-
       tercatat    kepentingan        pengendali     dan                 controlling interests are adjusted to reflect the
       nonpengendali disesuaikan untuk mencerminkan                      changes in their relative interests in the
       perubahan bagian relatifnya atas entitas anak.                    subsidiary. The difference between the amount
       Perbedaan      antara      jumlah    kepentingan                  by which the non-controlling interests are
       nonpengendali disesuaikan dan nilai wajar                         adjusted and the fair value of the consideration
       imbalan yang diberikan atau diterima diakui                       paid or received is recognized directly in equity
       secara langsung dalam ekuitas dan diatribusikan                   and attributed to the owners of the parent.
       pada pemilik entitas induk.

       Jika entitas induk kehilangan pengendalian pada                   If a parent loses control of a subsidiary, the
       entitas anak, maka entitas induk:                                 parent:
       (a) menghentikan pengakuan aset (termasuk                         (a) derecognizes the assets (including goodwill)
            setiap goodwill) dan liabilitas entitas anak                     and liabilities of the former subsidiary from
            terdahulu dari laporan posisi keuangan                           the consolidated statements of financial
            konsolidasian.                                                   position.
       (b) mengakui sisa investasi pada entitas anak                     (b) recognizes any investment retained in the
            terdahulu pada nilai wajarnya pada tanggal                       former subsidiary at its fair value at the date
            hilangnya pengendalian, dan selanjutnya                          when control is lost, and subsequently
            mencatat sisa investasi tersebut dan setiap                      accounts for it and for any amounts owed by
            jumlah terutang oleh atau kepada entitas                         or to the former subsidiary. That fair value
            anak terdahulu. Nilai wajar tersebut dianggap                    shall be regarded as the fair value on initial
            sebagai nilai wajar pada saat pengakuan                          recognition of a financial asset or, if
            awal aset keuangan atau, jika sesuai, biaya                      appropriate, the cost on initial recognition of
            perolehan pada saat pengakuan awal                               an investment in an associate or joint
            investasi pada entitas asosiasi atau ventura                     venture.
            bersama.
       (c) mengakui keuntungan atau kerugian terkait                     (c) recognizes the gain or loss associated with
            dengan hilangnya pengendalian yang dapat                         the loss of control attributable to the former
            diatribusikan pada kepentingan pengendali                        controlling interest.
            terdahulu.


                                                             19
Page 307
PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                             DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                          3.   MATERIAL ACCOUNTING POLICIES (Continued)

     c. Kombinasi Bisnis                                                   c. Business Combinations

        Kombinasi bisnis dicatat menggunakan metode                           Business combinations are accounted for using
        akuisisi. Biaya perolehan dari suatu akuisisi                         the acquisition method. The cost of an acquisition
        diukur berdasarkan nilai agregat imbalan yang                         is measured as the aggregate of the
        dialihkan, yang diukur pada nilai wajar pada                          consideration     transferred,    measured      on
        tanggal akuisisi dan jumlah setiap kepentingan                        acquisition date at fair value, and the amount of
        nonpengendali pada pihak yang diakuisisi. Biaya                       any non-controlling interests in the acquiree. The
        akuisisi yang terjadi dibiayakan dan dicatat                          acquisition costs incurred are expensed and
        sebagai beban pada tahun berjalan.                                    recognized in the current year.

        Selisih lebih antara penjumlahan imbalan yang                         The excess of the aggregate of the consideration
        dialihkan dan jumlah yang diakui untuk                                transferred and the amount recognized for non-
        kepentingan       nonpengendali       dengan      aset                controlling interest over the net identified assets
        teridentifikasi dan liabilitas yang diambil-alih (aset                and liabilities assumed is recorded as goodwill. In
        neto) dicatat sebagai goodwill. Dalam kondisi                         contrary, the Company recognizes the lower
        sebaliknya, Perusahaan mengakui selisih kurang                        amount as gain in the consolidated statement of
        tersebut sebagai keuntungan dalam laba rugi dan                       profit or loss and other comprehensive income on
        penghasilan komprehensif lain konsolidasian                           the date of acquisition.
        pada tanggal akuisisi.

        Setelah pengakuan awal, goodwill diukur sebesar                       After initial recognition, goodwill is measured at
        biaya perolehan dikurangi dengan akumulasi                            cost less any accumulated impairment losses.
        penurunan nilai. Untuk tujuan penurunan nilai,                        For the purpose of impairment testing, goodwill
        goodwill yang diperoleh dari kombinasi bisnis,                        acquired in the business combination is, from the
        sejak tanggal akuisisi dialokasikan ke setiap unit                    acquisition date, allocated to each of the Group’s
        penghasil kas dari Grup yang diharapkan                               cash-generating units that are expected to
        bermanfaat dari kombinasi bisnis tersebut,                            benefit from the combination, irrespective of
        terlepas apakah aset dan liabilitas lainnya dari                      whether other assets or liabilities of the acquiree
        entitas yang diakuisisi ditetapkan ke unit-unit                       are assigned to those units.
        tersebut.

        Goodwill merupakan selisih lebih antara harga                         Goodwill represents the excess of the cost of an
        perolehan investasi Entitas Anak, entitas asosiasi                    acquisition of a subsidiary, associate or business
        atau bisnis dan nilai wajar bagian Grup atas aset                     over the fair value of the Group’s share of the
        neto Entitas Anak, entitas asosiasi atau bisnis                       identifiable net assets of the acquired subsidiary,
        yang dapat diidentifikasi pada tanggal akuisisi.                      associate or business on the acquisition date.

        Goodwill dihentikan pengakuannya pada saat                            Goodwill is derecognized upon disposal or when
        dilepaskan atau ketika tidak ada lagi manfaat                         no future benefits are expected from its use or
        masa depan yang diharapkan dari penggunaan                            disposal.
        atau pelepasannya.

     d. Kas dan Setara Kas                                                 d. Cash and Cash Equivalents

        Kas terdiri dari saldo kas dan bank yang tidak                        Cash consists of cash on hand and cash in
        dibatasi penggunaannya. Setara kas adalah                             banks which is not restricted as to used. Cash
        deposito berjangka dengan jangka waktu tiga (3)                       equivalents are time deposits with maturities of
        bulan atau kurang sejak tanggal penempatan dan                        three (3) months or less at the time of placement
        tidak digunakan sebagai jaminan.                                      and not pledged as collateral.

        Kas dan setara kas yang dijaminkan dan dibatasi                       Cash and cash equivalents which are used as
        penggunaannya dicatat sebagai “Dana dalam                             collateral and restricted in use, are recorded as
        Pembatasan” dalam laporan posisi keuangan                             “Restricted Fund” in the consolidated statements
        konsolidasian.                                                        of financial position.




                                                                 20
Page 308
PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                            DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                         3.   MATERIAL ACCOUNTING POLICIES (Continued)

     e. Dividen                                                           e. Dividend

        Pembagian dividen kepada para pemegang                               Dividend distribution to the Company’s
        saham Perusahaan diakui sebagai liabilitas                           shareholders is recognized as a liability in the
        dalam laporan keuangan konsolidasian pada                            consolidated financial statements in the year in
        tahun ketika dividen tersebut disetujui oleh para                    which the dividends are approved by the
        pemegang saham Perusahaan.                                           Company’s shareholders.

     f. Transaksi dengan Pihak-pihak Berelasi                             f. Transaction with Related Parties

       Pihak-pihak berelasi adalah orang atau entitas                        Related parties are persons or entities that are
       yang terkait dengan Grup:                                             related to the Group:
       a) Orang atau anggota keluarga dekatnya yang                          a) A person or a close member of that person's
           mempunyai relasi dengan Grup jika orang                               family is related to the Group if that person:
           tersebut:
           i. memiliki pengendalian atau pengendalian                            i. has control or joint control over the Group;
                bersama atas Grup;
          ii. memiliki pengaruh signifikan atas Grup;                           ii. has significant influence over the Group;
                atau                                                                or
         iii.   personil manajemen kunci Grup atau                             iii. is a member of the key management
                entitas induk Grup.                                                 personnel of the Group or of a parent of
                                                                                    the Group.

       b) Suatu entitas berelasi dengan Grup jika                            b) An entity is related to the Group if any of the
            memenuhi salah satu hal berikut:                                      following conditions apply:
            i. entitas dan Grup adalah anggota dari                              i. the entity and the Group are members of
               Grup yang sama (artinya entitas induk,                                 the same group (which means that each
               entitas anak, dan entitas anak berikutnya                              parent, subsidiary and fellow subsidiary is
               saling berelasi dengan entitas lainnya).                               related to the others).
           ii. satu entitas adalah entitas asosiasi atau                        ii. one entity is an associate or joint venture
               ventura bersama dari entitas lain (atau                                of the other entity (or an associate or joint
               entitas asosiasi atau ventura bersama                                  venture that is a member of a Group of
               yang merupakan anggota suatu Grup,                                     which the other entity is a member).
               yang mana entitas lain tersebut adalah
               anggotanya).
          iii. kedua entitas tersebut adalah ventura                           iii.both entities are joint ventures of the same
               bersama dari pihak ketiga yang sama.                                third party.
         iv. satu entitas adalah ventura bersama dari                          iv. one entity is a joint venture of a third entity
               entitas ketiga dan entitas yang lain adalah                         and the other entity is an associate of the
               entitas asosiasi dari entitas ketiga.                               third entity.
           v. entitas tersebut adalah suatu program                             v. the entity is a post-employment defined
               imbalan pascakerja untuk imbalan kerja                              benefit plan for the benefit of employees of
               dari Grup atau entitas yang terkait dengan                          either the Group or an entity related to the
               Grup.                                                               Group.
         vi. entitas        yang     dikendalikan       atau                   vi. the entity is controlled or jointly controlled
               dikendalikan bersama oleh orang yang                                by a person identified in letter (a).
               diidentifikasi dalam huruf (a).
         vii. orang yang diidentifikasi dalam huruf (a)                        vii. a person identified in letter (a) (i) has
               (i) memiliki pengaruh signifikan atas                                significant influence over the entity or is
               entitas     atau     merupakan        personil                       the key management personnel of the
               manajemen kunci entitas (atau entitas                                entity (or a parent of the entity).
               induk dari entitas).
        viii.  entitas, atau anggota dari kelompok yang                       viii.   the entity, or any member of a group of
               mana entitas merupakan bagian dari                                     which it is a part, provides key
               kelompok tersebut, menyediakan jasa                                    management personnel services to the
               personil manajemen kunci kepada entitas                                entity or to the parent of the entity.
               atau kepada entitas induk dari entitas.




                                                                21
Page 309
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Transaksi ini dilakukan berdasarkan persyaratan                 The transactions are made based on terms
        yang disetujui oleh kedua belah pihak. Beberapa                 agreed by the parties. Such terms may not be the
        persyaratan tersebut mungkin tidak sama dengan                  same as those with unrelated parties.
        persyaratan yang dilakukan dengan pihak-pihak
        yang tidak berelasi.

        Seluruh transaksi dan saldo yang material                       All material transactions and balances with
        dengan pihak-pihak berelasi diungkapkan dalam                   related parties are disclosed in the relevant notes
        catatan atas laporan keuangan konsolidasian                     to the consolidated financial statements.
        yang relevan.

     g. Beban Dibayar Dimuka                                         g. Prepaid Expenses

        Beban dibayar dimuka diamortisasi selama masa                   Prepaid expenses are amortized over the useful
        manfaat    masing-masing      biaya    dengan                   life of each expense using the straight-line
        menggunakan metode garis lurus.                                 method.

     h. Transaksi dan Saldo Dalam Mata Uang Asing                    h. Foreign Currency Transactions and Balances

        Pembukuan Grup diselenggarakan dalam mata                       The accounting records of the Group are
        uang Rupiah. Transaksi dalam mata uang asing                    maintained in Rupiah. Transactions denominated
        dijabarkan ke dalam Rupiah dengan kurs yang                     in foreign currencies are translated into Rupiah at
        berlaku pada tanggal transaksi. Pada akhir tahun                the exchange rates prevailing at the dates of the
        pelaporan, aset dan liabilitas moneter dalam                    transactions. At the end of the reporting year,
        mata uang asing dijabarkan ke dalam Rupiah                      monetary assets and liabilities denominated in
        dengan menggunakan kurs tengah yang                             foreign currencies are translated into Rupiah
        ditetapkan oleh Bank Indonesia pada tanggal                     using the middle rates of exchange quoted by
        tersebut. Keuntungan atau kerugian dari selisih                 Bank Indonesia at such dates. Exchange gains
        kurs mata uang asing dan penjabaran aset dan                    and losses arising from foreign currency
        liabilitas moneter dalam mata uang Rupiah diakui                transactions and on the translation of the foreign
        dalam laporan laba rugi dan penghasilan                         currency’s monetary assets and liabilities into
        komprehensif lain konsolidasian tahun berjalan,                 Rupiah are recognized in the current year’s
        kecuali untuk laba atau rugi pertukaran yang                    consolidated statements of profit or loss and
        timbul dari penjabaran laporan keuangan operasi                 other comprehensive income, except for the
        asing ke mata uang penyajian Grup, yang diakui                  exchange gains and losses arising from the
        langsung dalam pendapatan komprehensif                          translation of the foreign operation’s financial
        lainnya.                                                        statements into the presentation currency of the
                                                                        Group, which are recognized directly in other
                                                                        comprehensive income.

        Kurs yang digunakan untuk menjabarkan ke mata                   The exchange rates used for translation into
        uang Rupiah, pada tanggal 31 Desember 2024                      Rupiah, as of December 31, 2024 and 2023 are
        dan 2023, adalah sebagai berikut:                               as follows:

                                                    2024               2023
        1 Dolar Amerika Serikat (US$)                 16.162             15.416             Dollar United States (US$) 1
        1 Dolar Singapura (SG$)                       11.919             11.712                Dollar Singapore (SG$) 1




                                                           22
Page 310
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

     i. Instrumen Keuangan                                             i. Financial Instruments

        1. Aset Keuangan                                                  1. Financial Assets

          Pengakuan Awal                                                     Initial Recognition

          Aset keuangan pada awalnya diakui sebesar                          Financial assets are initially recognized at fair
          nilai wajarnya ditambah biaya transaksi. Grup                      value plus transaction costs. The Group
          mengklasifikasikan aset keuangan menjadi (i)                       classifies its financial assets into the following
          aset keuangan yang diukur dengan biaya                             categories (i) financial assets measured at
          perolehan diamortisasi, (ii) aset keuangan                         amortized cost (ii) financial assets at fair
          yang diukur pada nilai wajar melalui                               value through other comprehensive income
          penghasilan komprehensif lain (FVOCI) dan                          (FVOCI) and (iii) financial assets at fair value
          (iii) aset keuangan yang ditetapkan untuk                          through profit or loss (FVTPL). The
          diukur pada nilai wajar melalui laba rugi                          classification and measurement of financial
          (FVTPL). Klasifikasi dan pengukuran aset                           assets are based on the business model and
          keuangan harus didasarkan pada bisnis                              contractual cash flows. The Group determines
          model dan arus kas kontraktual. Grup                               the classification of its financial assets at
          menentukan      klasifikasi aset   keuangan                        initial recognition and does not change the
          tersebut pada pengakuan awal dan tidak                             classification already made.
          melakukan perubahan atas klasifikasi yang
          telah dibuat.

          Pengukuran Selanjutnya                                             Subsequent Measurement

          -   Aset keuangan yang diukur dengan biaya                         -   Financial assets at amortized cost
              diamortisasi
              Aset keuangan diklasifikasikan sebagai                             Financial assets are classified as financial
              aset keuangan yang diukur dengan biaya                             assets measured at amortized cost where
              perolehan diamortisasi di mana aset                                the financial assets are held within the
              keuangan dikelola dalam model bisnis                               business model whose objective is to hold
              yang bertujuan untuk memiliki aset                                 financial assets in order to collect
              keuangan dalam rangka mendapatkan                                  contractual cash flows. Financial assets
              arus kas kontraktual. Aset keuangan yang                           measured at amortized cost are initially
              diukur     dengan      biaya    perolehan                          recognised at fair value plus transaction
              diamortisasi pada awalnya diakui sebesar                           costs and subsequently measured at
              nilai wajarnya ditambah dengan biaya-                              amortized cost using the effective interest
              biaya transaksi dan selanjutnya diukur                             rate method.
              pada biaya perolehan diamortisasi dengan
              menggunakan metode suku bunga efektif.
          -   Aset keuangan yang diukur dengan nilai                         -   Financial assets are measured at fair
              wajar melalui penghasilan komprehensif                             value through other comprehensive
              lain (FVOCI)                                                       income (FVOCI)
              Aset keuangan berupa instrumen utang                               Financial assets in debt instruments are
              diklasifikasikan sebagai aset keuangan                             classified as at FVOCI if they are held in a
              FVOCI jika aset keuangannya dimiliki                               business model whose objective is
              dalam model bisnis yang tujuannya dicapai                          achieved by both collecting contractual
              dengan       mengumpulkan      arus   kas                          cash flows and selling financial assets.
              kontraktual dan menjual aset keuangan.
              Untuk aset keuangan berupa instrumen                               For financial assets in equity instruments
              ekuitas di mana Grup memilih opsi FVOCI                            where the Group opts for the FVOCI
              maka keuntungan dan kerugian dari aset                             option, gains and losses are never
              keuangan ini tidak pernah direklasifikasi ke                       reclassified to profit or loss.
              laba rugi.
          -   Aset keuangan yang diukur dengan nilai                         -   Financial assets are measured at fair
              wajar melalui laba rugi (FVTPL)                                     value through profit or loss (FVTPL)



                                                             23
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

             Aset keuangan diklasifikasikan sebagai                           Financial assets are classified as FVTPL if
             FVTPL jika aset keuangan tersebut tidak                          those financial assets do not meet the
             memenuhi kriteria sebagai aset keuangan                          criteria for financial assets measured at
             yang diukur dengan biaya perolehan                               amortized cost and FVOCI.
             diamortisasi dan FVOCI.
          Penurunan Nilai Aset Keuangan                                    Impairment of Financial Assets
          Pada setiap periode pelaporan, Grup menilai                      At each reporting date, the Group assesses
          apakah risiko kredit dari instrumen keuangan                     whether the credit risk on a financial
          telah meningkat secara signifikan sejak                          instrument has increased significantly since
          pengakuan awal. Ketika melakukan penilaian,                      initial recognition. When making the
          Grup menggunakan perubahan atas risiko                           assessment, the Group uses the change in
          gagal bayar yang terjadi sepanjang perkiraan                     the risk of a default occurring over the
          umur      instrumen       keuangan     daripada                  expected life of the financial instrument
          perubahan atas jumlah kerugian kredit                            instead of the change in the amount of
          ekspektasian. Dalam melakukan penilaian                          expected credit losses. In conducting this
          tersebut, Grup membandingkan antara risiko                       assessment, the Group compares the risk of
          gagal bayar yang terjadi atas instrumen                          default occurring on the financial instrument
          keuangan pada saat periode pelaporan                             as at the reporting date with the risk of a
          dengan risiko gagal bayar yang terjadi atas                      default occurring on the financial instrument
          instrumen keuangan pada saat pengakuan                           as at initial recognition, considering
          awal, yang mempertimbangkan kewajaran                            reasonable and supportable information that
          serta ketersediaan informasi, yang tersedia                      is available without undue cost or effort at the
          tanpa biaya atau usaha yang tidak semestinya                     reporting date about past events, current
          pada saat tanggal pelaporan terkait dengan                       conditions and forecasts of future economic
          kejadian masa lalu, kondisi terkini dan                          conditions, which is indicative of significant
          perkiraan atas kondisi ekonomi di masa                           increases in credit risk since initial
          depan, yang mengindikasikan kenaikan                             recognition.
          signifikan risiko kredit sejak pengakuan awal.

          Grup       menerapkan  metode     yang                           The Group applies a simplified approach to
          disederhanakan untuk mengukur kerugian                           measure expected credit loss.
          kredit ekspektasian.

          Penghentian Pengakuan Aset Keuangan                              Derecognition of Financial Assets

          Grup      menghentikan      pengakuan     aset                   The Group derecognizes financial assets if,
          keuangan jika, dan hanya jika, hak kontraktual                   and only if: the contractual rights to the cash
          atas arus kas yang berasal dari aset keuangan                    flows from the financial asset expire; or the
          tersebut berakhir, atau mengalihkan hak                          contractual rights to receive the cash flows of
          kontraktual untuk menerima arus kas yang                         the financial asset are transferred; or the
          berasal dari aset keuangan, atau tetap                           contractual rights to receive the cash flows of
          memiliki hak kontraktual untuk menerima arus                     the financial asset are retained but a
          kas yang berasal dari aset keuangan namun                        contractual obligation is assumed to pay
          juga menanggung kewajiban kontraktual untuk                      those cash flows to one or more recipients in
          membayar arus kas yang diterima tersebut                         an arrangement that meets certain conditions.
          kepada satu atau lebih pihak penerima melalui                    When the Group transfers a financial asset, it
          suatu     kesepakatan      yang     memenuhi                     evaluates the extent to which it retains the
          persyaratan tertentu. Ketika Grup mengalihkan                    risks and rewards of ownership of the
          aset keuangan, maka Grup mengevaluasi                            financial asset.
          sejauh mana Grup tetap memiliki risiko dan
          manfaat atas kepemilikan aset keuangan
          tersebut.




                                                            24
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       2. Liabilitas Keuangan                                             2. Financial Liabilities

          Pengakuan Awal                                                     Initial Recognition

          Grup mengklasifikasikan seluruh liabilitas                         The Group determines the classification of its
          keuangannya pada saat pengakuan awal.                              financial liabilities at initial recognition. The
          Grup memiliki liabilitas keuangan yang                             Group has financial liabilities classified into
          diklasifikasikan dalam liabilitas keuangan yang                    the financial liabilities measured at amortized
          diukur dengan biaya perolehan diamortisasi.                        cost. All financial liabilities are recognized
          Seluruh liabilitas keuangan diakui pada                            initially at fair value and, in the case of loans
          awalnya sebesar nilai wajar dan, dalam hal                         and borrowings, inclusive of directly
          pinjaman dan utang, termasuk biaya transaksi                       attributable transaction costs.
          yang dapat diatribusikan secara langsung.

          Pengukuran Selanjutnya                                             Subsequent Measurement

          Setelah pengakuan awal, liabilitas keuangan                        After initial recognition, financial liabilities in
          dalam kategori ini selanjutnya diukur pada                         this category are subsequently measured at
          biaya    perolehan   diamortisasi    dengan                        amortized cost using the effective interest
          menggunakan metode suku bunga efektif.                             method. The amortization of the effective
          Amortisasi suku bunga efektif termasuk di                          interest rate is included in finance costs in
          dalam biaya keuangan dalam laporan laba                            profit or loss.
          rugi.

          Penghentian Pengakuan Liabilitas Keuangan                          Derecognition of Financial Liabilities

          Grup menghentikan pengakuan liabilitas                             The Group derecognizes financial liabilities if,
          keuangan jika, dan hanya jika, kewajiban Grup                      and only if, the Group’s obligations are
          dilepaskan, dibatalkan atau kadaluwarsa.                           discharged, canceled or expired.

       3. Instrumen Derivatif                                             3. Derivative Instruments

          Instrumen derivatif dicatat pada pengakuan                         Derivative instruments are initially recognized
          awal sebesar nilai wajar pada tanggal                              at fair value as at the date the derivative
          perjanjian derivatif ditandatangani dan diukur                     contract is entered into and are remeasured
          kembali setiap akhir periode laporan. Derivatif                    at the end of each reporting period.
          dicatat sebagai aset keuangan saat nilai wajar                     Derivatives are carried as financial assets
          positif dan liabilitas keuangan saat nilai wajar                   when the fair value is positive and as
          negatif.                                                           financial liabilities when the fair value is
                                                                             negative.

          Derivatif melekat disajikan dengan kontrak                         Embedded derivative is presented with the
          utamanya pada laporan posisi keuangan                              host contract on the consolidated statements
          konsolidasian yang mencerminkan penyajian                          of financial position which represents an
          yang memadai atas seluruh arus kas pada                            appropriate presentation of overall future
          masa datang dari instrumen tersebut secara                         cash flows for the instrument taken as a
          keseluruhan. Derivatif yang melekat pada                           whole. Derivatives embedded in other
          instrumen keuangan atau kontrak awal                               financial instruments or other host contracts
          diperlakukan sebagai derivatif yang berbeda                        are treated as separate derivatives when
          saat risiko dan karakteristiknya tidak saling                      their risks and characteristics are not closely
          berhubungan dengan kontrak utamanya dan                            related to those of the host contracts and the
          kontrak utama tersebut tidak diukur dengan                         host contracts are not measured at fair value,
          nilai wajar serta perubahan pada nilai wajar                       with changes in fair value recognized in profit
          diakui dalam laba rugi.                                            or loss.

          Derivatif disajikan sebagai aset tidak lancar                      A derivative is presented as a non-current
          atau liabilitas jangka panjang jika sisa periode                   asset or a non-current liability if the remaining
          jatuh tempo dari instrumen tersebut lebih dari                     maturity of the instrument is more than twelve
          dua belas (12) bulan dan tidak diharapkan                          (12) months and it is not expected to be
          untuk direalisasi atau diselesaikan dalam                          realized or settled within twelve (12) months.
          jangka waktu dua belas (12) bulan.

                                                             25
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

           Keuntungan atau kerugian yang timbul dari                           Gains or losses arising from changes in the
           perubahan nilai wajar instrumen derivatif diakui                    fair value of derivative instrument are
           sebagai laba tahun berjalan, kecuali seluruh                        recognized currently in earnings, unless
           persyaratan khusus (contoh, dokumen formal,                         meeting all the specific requirements (e.g.,
           penetapan dan pengukuran keefektifan                                formal documentation, designation and
           transaksi) untuk diakui sebagai “Penghasilan                        assessment of the effectiveness of the
           Komprehensif Lainnya” sesuai dengan tipe                            transaction) to allow deferral as “Other
           akuntansi lindung nilai tertentu terpenuhi.                         Comprehensive Income” under certain types
                                                                               of hedge accounting.

        4. Saling Hapus Instrumen Keuangan                                 4. Offsetting of Financial Instruments

           Aset keuangan dan liabilitas keuangan saling                       Financial assets and financial liabilities are
           hapus dan jumlah netonya dilaporkan dalam                          offset and the net amount reported in the
           laporan posisi keuangan konsolidasian jika,                        consolidated statements of financial position
           dan hanya jika, saat ini memiliki hak yang                         if, and only if, there is a currently enforceable
           berkekuatan hukum untuk melakukan saling                           legal right to offset the recognized amounts
           hapus atas jumlah yang telah diakui dan                            and there is an intention to settle on a net
           terdapat niat untuk menyelesaikannya secara                        basis, or to realize the assets and settle the
           neto, atau untuk merealisasikan aset dan                           liabilities simultaneously.
           menyelesaikan liabilitasnya secara simultan.

     j. Persediaan                                                      j. Inventories

        Harga      perolehan   persediaan     real   estat                 The acquisition cost of real estate inventory
        dialokasikan ke masing-masing proyek real estat                    allocated to each project in real estate is
        ditentukan     dengan    menggunakan       metode                  determined using the specific identification
        identifikasi khusus untuk beban langsung dan                       method for direct expenses and based on
        berdasarkan meter persegi untuk beban fasilitas                    square meters for public and social facilities
        umum dan sosial. Harga perolehan persediaan                        expenses. The acquisition cost of real estate
        real estat meliputi biaya perizinan, pembebasan                    inventories includes licensing fees, exemption
        (ganti rugi) tanah, pengurusan surat-surat tanah,                  (compensation) of land, administration of land
        pematangan tanah, prasarana, pengembangan                          title, development of land, infrastructure, projects
        dan pembangunan proyek, termasuk kapitalisasi                      development and construction, including the
        bunga         selama      pembangunan         dan                  capitalized interest during construction and
        pengembangan.                                                      development.

        Persediaan real estat yang berupa bangunan                         Real estate inventories in the form of apartment
        apartemen (strata title) dicatat berdasarkan biaya                 building (strata title) are stated at cost
        perolehan yang ditentukan dengan menggunakan                       determined using the average method and are
        metode rata-rata dan dinyatakan sebesar nilai                      stated at the lower of cost and estimated net
        yang lebih rendah antara biaya perolehan dan                       realizable value. Net realizable value is the
        estimasi nilai realisasi neto. Nilai realisasi neto                estimated sale value less development costs to
        merupakan estimasi nilai jual dikurangi biaya                      produce products ready for sale and the costs
        pengembangan untuk menghasilkan produk yang                        for realizing the sale. The difference between the
        siap dijual dan biaya untuk merealisasi penjualan.                 acquisition cost and estimated net realizable
        Selisih antara harga perolehan dengan estimasi                     value is recorded in the consolidated statements
        nilai realisasi neto dibukukan pada laporan laba                   of profit or loss and other comprehensive income
        rugi dan penghasilan komprehensif lain                             under "Cost of Revenues". Buildings in the
        konsolidasian dalam akun “Beban Pokok                              development process and buildings ready for
        Pendapatan”.       Bangunan       dalam     proses                 sale are classified as "Inventories" in the
        pengembangan dan bangunan yang siap untuk                          consolidated statements of financial position.
        dijual dikelompokan sebagai “Persediaan” di
        dalam laporan posisi keuangan konsolidasian.




                                                              26
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Persediaan makanan, minuman, suku cadang,                       Inventories of food, beverage, spare parts, hotel
        perlengkapan dan barang dagangan hotel                          equipment and merchandise are stated at the
        dinyatakan sebesar nilai yang lebih rendah antara               lower of cost or net realizable value. Cost is
        biaya perolehan dan nilai realisasi neto. Biaya                 determined using the average method. Net
        perolehan ditentukan dengan menggunakan                         realizable value is determined based on the
        metode rata-rata. Nilai realisasi neto ditentukan               estimated fair selling price of the inventories less
        berdasarkan taksiran harga jual yang wajar                      the estimated costs to sell the inventories.
        setelah dikurangi taksiran biaya yang diperlukan
        untuk menjual persediaan tersebut.

        Penyisihan penurunan nilai persediaan dilakukan                 The allowances for decrease in inventories value
        untuk mengurangi nilai tercatat menjadi nilai                   is conducted to reduce the carrying value to their
        realisasi neto. Penyisihan persediaan usang atau                net realizable value. Allowances for obsolete or
        persediaan      yang     perputarannya   lambat,                slow-moving inventories are determined, if any,
        ditentukan, jika ada, berdasarkan penelaahan                    based on a review of the condition of each
        atas kondisi masing-masing persediaan pada                      inventory at the end of the year.
        akhir tahun.

     k. Tanah untuk Pengembangan                                      k. Land for Development

       Tanah untuk pengembangan dinyatakan sebesar                       Land for development is stated at the lower of
       nilai yang lebih rendah antara biaya perolehan dan                cost or net realizable value. The acquisition cost
       nilai realisasi bersih (the lower of cost or net                  of land for development, which includes, among
       realizable value). Biaya perolehan tanah untuk                    others,    acquisition    costs   (compensation),
       pengembangan, yang meliputi antara lain biaya                     administration of land deeds, and the
       pembebasan (ganti rugi), pengurusan surat-surat                   development of land. At the commencement of
       tanah dan pematangan tanah. Pada saat                             infrastructure development, the land value will be
       dimulainya pengembangan prasarana, nilai tanah                    reclassified to inventory as inventory in-progress
       tersebut akan direklasifikasi ke akun persediaan                  or fixed assets as construction in-progress.
       sebagai persediaan dalam pembangunan atau
       aset tetap sebagai proyek dalam penyelesaian.

     l. Investasi  pada   Entitas       Asosiasi     dan              l. Investments in       Associates      and     Joint
        Pengendalian Bersama                                             Arrangements

        Entitas asosiasi adalah entitas yang mana Grup                  An associate is an entity over which the Group
        memiliki pengaruh signifikan dan bukan                          has significant influence but is neither a
        merupakan entitas anak (Catatan 3b) maupun                      subsidiary (Note 3b) nor a participating interest
        bagian partisipasi dalam ventura bersama.                       in a joint venture. Direct or indirect ownership, of
        Pemilikan, secara langsung maupun tidak                         20% or more of the voting power of an investee,
        langsung, 20% atau lebih hak suara investee,                    is presumed to be the ownership of significant
        dianggap pemilikan pengaruh signifikan, kecuali                 influence, unless it can be clearly demonstrated
        dapat dibuktikan dengan jelas hal yang                          otherwise.
        sebaliknya.

        Ventura bersama adalah pengaturan bersama                       A joint venture is a joint arrangement whereby
        yang mengatur bahwa para pihak yang memiliki                    the parties that have joint control of the
        pengendalian bersama atas pengaturan memiliki                   arrangement have rights to the net assets of the
        hak atas aset neto pengaturan tersebut. Para                    arrangement. Those parties are called joint
        pihak tersebut disebut ventura bersama.                         venturers.

        Entitas dengan investasinya pada entitas asosiasi               An entity with investment in an associate or joint
        atau ventura bersama mencatat investasinya                      venture accounts for its investment using the
        dengan menggunakan metode ekuitas. Dalam                        equity method. Under the equity method,
        metode ekuitas, investasi pada entitas asosiasi                 investment in an associate or joint venture is
        atau ventura bersama pada awalnya diakui                        initially recognized at cost and the carrying
        sebesar biaya perolehan dan jumlah tercatat                     amount is increased or decreased to recognize
        tersebut ditambah atau dikurang untuk mengakui                  the investor's share of profit or loss of the
        bagian investor atas laba rugi investee setelah                 investee after the date of acquisition.
        tanggal perolehan.



                                                            27
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Selanjutnya, bagian Grup atas laba rugi entitas                   Subsequently, the Group’s share of the profit or
       asosiasi atau ventura bersama,            setelah                 loss of the associate or joint venture, after any
       penyesuaian yang diperlukan terhadap dampak                       necessary adjustments        for the effects of
       penyeragaman kebijakan akuntansi dan eliminasi                    uniformity of accounting policies and elimination
       laba atau rugi yang dihasilkan dari transaksi                     of profits or losses resulting from transactions
       antara Grup dan entitas asosiasi atau ventura                     between the Group and the associate or joint
       bersama, akan menambah atau mengurangi                            venture, increases or decreases the carrying
       jumlah tercatat investasi tersebut dan diakui                     amount of the investment and is recognized in
       sebagai laba rugi Grup. Penerimaan distribusi dari                the Group’s profit or loss. Distributions received
       entitas    asosiasi   atau   ventura     bersama                  from the associate or joint venture reduce the
       mengurangi       jumlah    tercatat     investasi.                carrying amount of the investment. Adjustments
       Penyesuaian terhadap jumlah tercatat tersebut                     to the carrying amount may also be necessary
       juga diperlukan jika terdapat perubahan dalam                     for changes in the Group’s proportionate interest
       proporsi bagian Grup atas entitas asosiasi atau                   of the associate or joint venture arising from
       ventura bersama yang timbul dari penghasilan                      changes in the associate’s or joint venture’s
       komprehensif lain dari entitas asosiasi atau                      other comprehensive income. The Group’s share
       ventura bersama. Bagian Grup atas perubahan                       of those changes is recognized in other
       tersebut diakui dalam penghasilan komprehensif                    comprehensive income of the Group.
       lain dari Grup.

       Goodwill yang terkait dengan akuisisi entitas                     Goodwill on acquisition of associate or joint
       asosiasi atau ventura bersama termasuk dalam                      venture is included in the carrying amount of the
       jumlah tercatat investasi. Goodwill tidak                         investment. Goodwill is no longer amortized but
       diamortisasi dan dilakukan uji penurunan nilai                    annually assessed for impairment.
       setiap tahun.

       Apabila nilai tercatat investasi telah mencapai                   Once an investment’s carrying value has been
       nilai nol, kerugian selanjutnya akan diakui hanya                 reduced to zero, further losses are taken up only
       jika    Grup     mempunyai      komitmen    untuk                 if the Group has committed to provide financial
       menyediakan bantuan pendanaan atau menjamin                       support to, or has guaranteed the obligations of
       kewajiban entitas asosiasi atau ventura bersama                   the associate or joint venture.
       yang bersangkutan.

       Jika investasi pada entitas asosiasi menjadi                      If an investment in an associate becomes an
       investasi pada ventura bersama atau sebaliknya,                   investment in a joint venture or vice versa, the
       maka entitas melanjutkan penerapan metode                         entity continues to apply the equity method and
       ekuitas dan tidak mengukur kembali kepentingan                    does not remeasure the retained interest.
       yang tersisa.

       Penghentian Penggunaan Metode Ekuitas                             Discontinuance of the Use of Equity Method

       Entitas menghentikan penggunaan metode                             An entity discontinues the use of the equity
       ekuitas sejak tanggal investasinya berhenti                        method from the date when its investment
       menjadi investasi pada entitas asosiasi atau                       ceases to be an investment in an associate or
       ventura bersama sebagai berikut:                                   joint control as follows:
       1. Jika investasi menjadi entitas anak, maka                      1.     If the investment becomes a subsidiary, then
            entitas mencatat investasinya sesuai dengan                         it accounts for the investment in accordance
            PSAK 103 (sebelumnya PSAK 22),                                      with PSAK 103 (previously PSAK 22),
            “Kombinasi     Bisnis”   dan    PSAK      110                       “Business Combination” and PSAK 110
            (sebelumnya PSAK 65), “Laporan Keuangan                             (previously      PSAK      65),   “Consolidated
            Konsolidasian”.                                                     Financial Statements”.
       2. Jika sisa kepentingan dalam entitas asosiasi                   2.     If the retained interest in an associate or joint
            atau ventura bersama merupakan aset                                 venture is treated as a financial asset, the
            keuangan, maka entitas mengukur sisa                                entity measures the retained interest at fair
            kepentingan tersebut pada nilai wajar. Nilai                        value. The fair value of the retained interest
            wajar dari sisa kepentingan dianggap                                is regarded as its fair value on initial
            sebagai nilai wajar pada saat pengakuan                             recognition as a financial asset. An entity
            awal sebagai aset keuangan. Entitas                                 recognizes in profit or loss any difference
            mengakui dalam laba rugi selisih antara:                            between:
            i. nilai wajar sisa kepentingan dan hasil dari                      i. the fair value of any retained interest and
                pelepasan sebagian kepentingan pada                                 any proceeds from disposing of a part
                entitas asosiasi atau ventura bersama;                              interest in the associate or joint venture;
                dan                                                                 and


                                                             28
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

             ii. jumlah tercatat investasi pada tanggal                        ii. the carrying amount of the investment at
                 penggunaan metode ekuitas dihentikan.                             the date the use of the equity method is
                                                                                   discontinued.
        3.   Ketika entitas menghentikan penggunaan                       3.    When an entity discontinues the use of the
             metode ekuitas, entitas mencatat seluruh                           equity method, it accounts the total amount
             jumlah yang sebelumnya telah diakui dalam                          previously       recognized     in     other
             penghasilan komprehensif lain yang terkait                         comprehensive income related to these
             dengan investasi tersebut menggunakan                              investments using the same basis of
             dasar perlakuan yang sama dengan yang                              treatment as would be if the investee had
             disyaratkan jika investee telah melepaskan                         directly disposed of the related assets and
             secara langsung aset dan liabilitas terkait.                       liabilities.

        Perubahan Bagian Kepemilikan                                       Changes in the Ownership Interests
        Jika bagian kepemilikan Grup pada entitas                          If the Group’s ownership interest in an associate
        asosiasi berkurang, namun investasi tersebut                       is reduced, but the investment continues to be
        tetap sebagai investasi pada entitas asosiasi,                     an associate, the Group reclassifies to profit or
        maka Grup mereklasifikasi ke dalam laba rugi                       loss only a proportionate amount of the gain or
        hanya suatu jumlah proporsional dari keuntungan                    loss     previously   recognized      in    other
        atau kerugian yang sebelumnya diakui dalam                         comprehensive income.
        penghasilan komprehensif lain.

        Operator bersama mengakui hal berikut terkait                     A joint operator recognizes the following in
        dengan kepentingannya dalam operasi bersama:                      relation to its interest in a joint operation:
        (a) aset, mencakup bagiannya atas setiap aset                      (a) its assets, including its share of any assets
            yang dimiliki bersama;                                              held jointly;
        (b) liabilitas, mencakup bagiannya atas liabilitas                 (b) its liabilities, including its share of any
            yang terjadi bersama;                                               liabilities incurred jointly;
        (c) pendapatan dari penjualan bagiannya atas                       (c) its revenue from the sale of its share of the
            output yang dihasilkan dari operasi bersama;                        output of the joint operation;
        (d) bagiannya atas pendapatan dari penjualan                       (d) its share of the revenue from the sale of the
            output oleh operasi bersama; dan                                    output by the joint operation; and
        (e) beban, mencakup bagiannya atas setiap                          (e) its expenses, including its share of any
            beban yang terjadi secara bersama-sama.                             expenses incurred jointly.

        Venturer bersama mengakui kepentingannya                           A joint venturer recognizes its interest in a joint
        dalam ventura bersama sebagai investasi dan                        venture as an investment and accounts for that
        mencatat      investasi     tersebut     dengan                    investment using the equity method, unless the
        menggunakan metode ekuitas, kecuali entitas                        entity is exempted from applying the equity
        dikecualikan dari penerapan metode ekuitas.                        method.

     m. Properti Investasi                                              m. Investment Properties

        Properti investasi dinyatakan sebesar biaya                       Investment properties are stated at cost
        perolehan termasuk biaya transaksi dikurangi                      including transaction cost less accumulated
        akumulasi penyusutan dan penurunan nilai, jika                    depreciation and impairment losses, if any,
        ada, kecuali tanah yang tidak disusutkan. Jumlah                  except for land which is not depreciated. The
        tercatat termasuk bagian biaya penggantian dari                   carrying amount includes the cost of replacing
        properti investasi yang ada pada saat terjadinya                  part of the investment properties, if the
        biaya, jika kriteria pengakuan terpenuhi, dan tidak               recognition criteria are met, and excludes the
        termasuk biaya harian penggunaan properti                         daily expenses on the investment properties
        investasi.                                                        usage.

        Properti investasi Grup terdiri dari tanah,                       Investment properties of the Group consist of
        bangunan dan prasarana yang dikuasai Grup                         land, buildings and infrastructures held by the
        untuk menghasilkan sewa atau untuk kenaikan                       Group to earn rentals or for capital appreciation
        nilai atau kedua-duanya, dan tidak untuk                          or both, rather than for use in the production or
        digunakan dalam produksi atau penyediaan                          supply of goods or services or for administrative
        barang atau jasa untuk tujuan administratif atau                  purposes or sale in the ordinary course of
        dijual dalam kegiatan usaha sehari-hari.                          business.



                                                              29
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Penyusutan bangunan dan prasarana dihitung                      Depreciation of buildings and infrastructure are
        dengan menggunakan metode garis lurus selama                    computed using the straight-line method over the
        umur manfaat aset tetap antara 20 sampai                        useful life of the assets within 20 to 50 years.
        dengan 50 tahun.

        Properti investasi dihentikan pengakuannya pada                 Investment properties are derecognized either
        saat pelepasan atau ketika properti investasi                   when it has been disposed of or when the
        tersebut tidak digunakan lagi secara permanen                   investment property is permanently withdrawn
        dan tidak memiliki manfaat ekonomis di masa                     from use and no future benefit is expected from
        depan yang dapat diharapkan pada saat                           its disposal. Gains or losses arising from the
        pelepasannya. Laba atau rugi yang timbul dari                   retirement or disposal of investment properties
        penghentian atau pelepasan properti investasi                   are recognized in the consolidated statements of
        diakui dalam laporan laba rugi dan penghasilan                  profit or loss and other comprehensive income in
        komprehensif lain konsolidasian dalam tahun                     the year of retirement or disposal.
        terjadinya penghentian atau pelepasan tersebut.

     n. Aset Tetap                                                    n. Fixed Assets

        Aset tetap, kecuali tanah, dinyatakan sebesar                   Fixed assets, except land, are stated at cost less
        biaya perolehan setelah dikurangi akumulasi                     accumulated depreciation and impairment
        penyusutan dan rugi penurunan nilai. Biaya                      losses. Such cost includes the cost of replacing
        perolehan termasuk biaya penggantian bagian                     part of the fixed assets when the cost is incurred,
        aset tetap saat biaya tersebut terjadi, jika                    if the recognition criteria are met. Likewise, when
        memenuhi kriteria pengakuan. Selanjutnya, pada                  a major inspection is performed, its cost is
        saat inspeksi yang signifikan dilakukan, biaya                  recognized in the carrying amount of the assets
        inspeksi itu diakui ke dalam jumlah tercatat aset               as a replacement if the recognition criterias are
        tetap sebagai penggantian jika memenuhi kriteria                met. All other repair and maintenance costs that
        pengakuan. Semua biaya perbaikan dan                            do not meet the recognition criteria are
        pemeliharaan yang tidak memenuhi kriteria                       recognized in the consolidated statement of
        pengakuan diakui dalam laporan laba rugi dan                    profit or loss and other comprehensive income
        penghasilan komprehensif lain konsolidasian                     as incurred.
        pada saat terjadinya.

        Tanah dinyatakan berdasarkan harga perolehan                    Land is stated at cost and not depreciated. The
        dan tidak disusutkan. Biaya pengurusan legal hak                cost of obtaining legal land rights in the form of
        atas tanah dalam bentuk Hak Guna Usaha                          Cultivation Rights Title (HGU), Building Rights
        (HGU), Hak Guna Bangunan (HGB) dan Hak                          Title (HGB) and the Right of Use (HP) are issued
        Pakai (HP) yang dikeluarkan pada saat tanah                     when the acquired land was first recognized as
        diperoleh pertama kali diakui sebagai bagian dari               part of the cost of land and is not amortized.
        biaya perolehan tanah dan tidak diamortisasi.                   Meanwhile, costs incurred in connection with the
        Sementara itu, biaya yang terjadi sehubungan                    extension or renewal of the rights mentioned
        dengan perpanjangan atau pembaharuan hak-hak                    above are recognized as intangible assets and
        tersebut di atas diakui sebagai aset takberwujud                amortized over the legal term or economic life of
        dan diamortisasi sepanjang umur hukum hak atau                  the land, whichever is shorter.
        umur ekonomi tanah, mana yang lebih pendek.

        Penyusutan dihitung dengan menggunakan                          Depreciation is computed using the straight-line
        metode garis lurus berdasarkan taksiran masa                    method over the estimated useful life of the
        manfaat ekonomis aset tetap, sebagai berikut:                   assets, as follows:

                                                        Tahun /
                                                         Years
        Bangunan dan prasarana                         10 - 50                               Buildings and improvements
        Mesin dan peralatan                             4 - 15                                  Machinery and equipment
        Perabotan dan perlengkapan kantor               3 - 10                    Office furniture, fixtures and equipment
        Kendaraan bermotor                              3 - 5                                                Motor vehicles




                                                            30
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Biaya konstruksi aset tetap dikapitalisasi sebagai                 The costs of the construction of fixed assets are
        aset dalam penyelesaian. Penyusutan aset                           capitalized    as   construction      in-progress.
        dimulai pada saat aset tersebut siap untuk                         Depreciation of an asset begins when it is
        digunakan, yaitu pada saat aset tersebut berada                    available for use, such as when it is in the
        pada lokasi dan kondisi yang diinginkan agar aset                  location and condition necessary for it to be
        siap digunakan sesuai dengan keinginan dan                         capable of operating in the manner intended by
        maksud     manajemen.      Aset    tetap     dalam                 management. Construction in-progress is stated
        penyelesaian     dinyatakan     sebesar       biaya                at cost.
        perolehan.

        Biaya-biaya yang dikeluarkan untuk membangun                       Costs incurred to construct buildings on land
        gedung di atas tanah milik pihak ketiga, di mana                   owned by third parties, where the Group has the
        Grup memiliki hak atas pengelolaan bangunan-                       right to operate such buildings over a period of
        bangunan tersebut selama jangka waktu 20                           20 to 30 years, are capitalized to the cost of
        sampai dengan 30 tahun, dikapitalisasi ke dalam                    buildings.
        biaya perolehan bangunan.

        Jumlah      tercatat   aset   tetap   dihentikan                   The carrying amount of fixed assets is
        pengakuannya pada saat dilepaskan atau saat                        derecognized upon disposal or when no future
        tidak ada manfaat ekonomis masa depan yang                         economic benefits are expected from its use.
        diharapkan dari penggunaannya. Laba atau rugi                      Any gain or loss arising on derecognition of the
        yang timbul dari penghentian pengakuan aset                        assets is recognized in the consolidated profit or
        diakui dalam laporan laba rugi dan penghasilan                     loss and other comprehensive income in the year
        komprehensif lain konsolidasian pada tahun aset                    the assets are derecognized.
        tersebut dihentikan pengakuannya.

        Nilai residu, estimasi masa manfaat dan metode                     The residual values, estimated useful lives and
        penyusutan aset tetap direviu dan, bila diperlukan,                methods of depreciation of fixed assets are
        disesuaikan secara prospektif pada setiap akhir                    reviewed,    and,    if    necessary,     adjusted
        tahun buku.                                                        prospectively at each financial year end.

     o. Penurunan Nilai Aset Nonkeuangan                                o. Impairment of Non-Financial Assets

        Pada setiap akhir tahun pelaporan, Grup menilai                    The Group assesses at the end of each reporting
        apakah terdapat indikasi suatu aset mengalami                      year whether there is any indication that an asset
        penurunan nilai. Jika terdapat indikasi tersebut                   may be impaired. If such indication exists, or
        atau pada saat pengujian penurunan nilai aset                      when annual impairment testing for an asset is
        diperlukan, maka Grup membuat estimasi jumlah                      required, the Group makes an estimate of the
        terpulihkan aset tersebut.                                         asset’s recoverable amount.

        Rugi penurunan nilai diakui sebagai rugi tahun                     Impairment losses are recognized in the current
        berjalan, kecuali untuk aset nonkeuangan yang                      year’s profit or loss, unless non-financial assets
        dicatat dengan nilai penilaian kembali.                            carried at revalued amounts.

        Rugi penurunan nilai akan jika terdapat                            An impairment loss is reversed if there has been
        perubahan dalam taksiran yang digunakan untuk                      a change in the estimates used to determine the
        menentukan nilai aset nonkeuangan yang dapat                       recoverable amount of a non-financial assets
        dipulihkan (recoverable amount) dipulihkan selain                  other than goodwill. An impairment loss is only
        goodwill. Rugi penurunan nilai hanya akan                          reversed to the extent that the non-financial
        dipulihkan sampai sebatas nilai tercatat aset                      asset’s carrying amount does not exceed the
        nonkeuangan      tidak     boleh     melebihi nilai                recoverable amount, nor exceed the carrying
        terpulihkannya maupun nilai tercatat yang                          amount that would have been determined, net of
        seharusnya diakui, setelah dikurangi depresiasi                    depreciation or amortization, if no impairment
        atau amortisasi, jika tidak ada pengakuan rugi                     loss of non-financial assets has been
        penurunan nilai aset nonkeuangan. Pembalikan                       recognized. Reversal of an impairment loss is
        rugi penurunan nilai diakui dalam laporan laba                     recognized in the consolidated statement of profit
        rugi    dan    penghasilan     komprehensif   lain                 or loss and other comprehensive income.
        konsolidasian. Kerugian penurunan nilai yang                       Impairment losses relating to goodwill are not
        diakui atas goodwill tidak dibalik lagi.                           reversed.


                                                              31
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

     p. Sewa                                                            p. Leases
       Efektif tanggal 1 Januari 2024, Grup telah                          Effective January 1, 2024, the Group adopted
       menerapkan Amendemen PSAK 116 (sebelumnya                           Amendment      to   PSAK     116    (previously
       PSAK 73), “Sewa”, tentang liabilitas sewa dalam                     PSAK 73), “Leases” regarding lease liability in a
       jual dan sewa balik. Amendemen ini mengatur                         sale and leaseback. This amendment stipulates
       pengukuran selanjutnya atas transaksi jual dan                      subsequent measurement of sale and leaseback
       sewa balik.                                                         transactions.
       Penerapan amendemen ini tidak berdampak                             The adoption of this amendment had no impact
       terhadap laporan keuangan konsolidasian Grup.                       on    the   Group’s    consolidated financial
                                                                           statements.
       Pada tanggal permulaan kontrak, Grup menilai                       At the inception of a contract, the Group
       apakah kontrak merupakan, atau mengandung                          assesses whether a contract is, or contains a
       sewa.    Suatu     kontrak    merupakan,   atau                    lease. A contract is, or contains, a lease if the
       mengandung sewa jika kontrak tersebut                              contract conveys the right to control the use of an
       memberikan       hak     untuk    mengendalikan                    asset for a period of time in exchange for a
       penggunaan aset selama jangka waktu tertentu                       consideration.
       untuk dipertukarkan dengan imbalan.
       Grup sebagai Penyewa                                               The Group as a Lessee
       Grup menyewa aset tetap tertentu dengan                            The Group leases certain fixed assets by
       mengakui aset hak guna dan liabilitas sewa. Aset                   recognizing the right-of-use asset and lease
       hak guna diakui sebesar biaya perolehan,                           liabilities. The right-of-use assets are stated at
       dikurangi dengan akumulasi penyusutan dan                          cost, less accumulated depreciation and
       penurunan nilai. Aset hak guna disusutkan selama                   impairment. Right-of-use assets are depreciated
       jangka waktu yang lebih pendek antara umur                         over the shorter of the useful life of the assets or
       manfaat aset hak guna atau masa sewa.                              the lease term.
       Liabilitas sewa diukur pada nilai kini pembayaran                  Lease liabilities are measured at the present
       sewa yang belum dibayar. Setiap pembayaran                         value of the lease payments that are not yet paid.
       sewa dialokasikan antara porsi pelunasan liabilitas                Each lease payment is allocated between the
       dan biaya keuangan. Liabilitas sewa disajikan                      liability portion and finance cost. Lease liabilities
       sebagai liabilitas jangka panjang kecuali untuk                    are classified as long-term liabilities except for
       bagian yang jatuh tempo dalam waktu dua belas                      those with maturities of twelve (12) months or
       (12) bulan atau kurang yang disajikan sebagai                      less which are included in current liabilities. The
       liabilitas jangka pendek. Unsur bunga dalam biaya                  interest element of the finance cost is charged to
       keuangan dibebankan ke laba rugi selama masa                       profit or loss over the lease period so as to
       sewa yang menghasilkan tingkat suku bunga                          produce a constant rate of interest on the
       konstan atas saldo liabilitas.                                     remaining balance of the liability.
       Grup tidak mengakui aset hak guna dan liabilitas                   The Group does not recognize right-of-use
       sewa untuk:                                                        assets and lease liabilities for:
       (a) sewa jangka-pendek yang memiliki masa                          (a) short-term leases that have a lease term of
           sewa dua belas (12) bulan atau kurang; atau                        twelve (12) months or less; or
       (b) sewa yang asetnya bernilai rendah.                             (b) leases with low-value assets. Payments
           Pembayaran yang dilakukan untuk sewa                               made under those leases are charged to
           tersebut dibebankan ke laba rugi dengan                            profit or loss on a straight line basis over the
           dasar garis lurus selama masa sewa.                                period of the lease.
       Grup sebagai Pesewa                                                The Group as a Lessor
       Apabila Grup memiliki aset yang disewakan                          When the Group has assets that are leased
       melalui sewa pembiayaan, nilai kini pembayaran                     under finance leases, the present value of the
       sewa diakui sebagai piutang. Selisih antara nilai                  lease payments is recognized as a receivable.
       piutang bruto dan nilai kini piutang tersebut diakui               The difference between the gross receivable and
       sebagai     penghasilan       sewa      pembiayaan                 the present value of the receivable is recognized
       tangguhan. Penghasilan sewa diakui selama                          as unearned finance lease income. Lease
       masa sewa dengan menggunakan metode                                income is recognized over the term of the lease
       investasi neto yang mencerminkan suatu tingkat                     using the net investment method, which reflects a
       pengembalian periodik yang konstan.                                constant periodic rate of return.




                                                              32
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Apabila aset disewakan melalui sewa operasi,                    When assets are leased under an operating
       aset disajikan di laporan posisi keuangan sesuai                lease, the assets are presented in the statement
       sifat aset tersebut. Penghasilan sewa diakui                    of financial position based on the nature of the
       sebagai pendapatan dengan dasar garis lurus                     assets. Lease income is recognized over the
       selama masa sewa.                                               term of the lease on a straight line basis.

     q. Beban Emisi Saham                                            q. Stock Issuance Cost

       Seluruh beban yang terjadi sehubungan dengan                     All expenses related to the Company's stock
       penawaran     saham      Perusahaan   kepada                     issuance to the public are recorded as a
       masyarakat dicatat sebagai pengurang akun                        reduction of the “Additional Paid-in Capital - Net”
       “Tambahan Modal Disetor - Neto” yang                             account which is part of the equity section in the
       merupakan komponen ekuitas di dalam laporan                      consolidated statement of financial position.
       posisi keuangan konsolidasian.

     r. Pengakuan Pendapatan dan Beban                               r. Revenue and Expense Recognition

       Pendapatan                                                       Revenues

       Pengakuan pendapatan harus memenuhi lima (5)                     Revenue recognition has to fulfill five (5) steps
       langkah sebagai berikut:                                         as follows:
       (a) Mengidentifikasi kontrak dengan pelanggan.                   (a) Identify the contract with a customer.
       (b) Mengidentifikasi    kewajiban    pelaksanaan                 (b) Identify the performance obligations in the
           dalam kontrak.                                                   contract.
       (c) Menetapkan harga transaksi.                                  (c) Determine the transaction price.
       (d) Mengalokasikan harga transaksi ke setiap                     (d) Allocate the transaction price to each
           kewajiban pelaksanaan.                                           performance obligation.
       (e) Mengakui pendapatan ketika kewajiban                         (e) Recognize revenue when performance
           pelaksanaan      telah    dipenuhi    dengan                     obligation is satisfied by transferring
           menyerahkan barang atau jasa yang dijanjikan                     promised goods or services to a customer,
           ke pelanggan yaitu ketika pelanggan telah                        when the customer obtains control of that
           memiliki kendali atas barang atau jasa                           goods or services.
           tersebut.

       Grup bergerak dalam bisnis penjualan bangunan                    The Group is engaged in the business of selling
       rumah, bangunan komersial dan bangunan                           residential buildings, commercial buildings and
       lainnya beserta kavling tanahnya, dll. Pendapatan                other properties including land plots, etc.
       dari kontrak dengan panggilan dengan pelanggan                   Revenue from on-call contracts with customers
       diakui pada saat pengendalian barang atau jasa                   is recognized when control of the goods or
       dialihkan kepada pelanggan dalam jumlah yang                     services are transferred to the customer at an
       mencerminkan imbalan yang diharapkan akan                        amount that reflects the consideration to which
       menjadi hak Grup dalam pertukaran barang atau                    the Group expects to be entitled in exchange for
       jasa tersebut. Grup secara umum menyimpulkan                     those goods or services. The Group has
       bahwa hal tersebut adalah yang utama dalam                       generally concluded that it is the principal in its
       pengaturan pendapatannya.                                        revenue arrangements.,

       Pendapatan dari kontrak dengan pelanggan diakui                  Revenue from contracts with customers is
       pada saat kepemilikan aset dialihkan kepada                      recognized at the point in time when control of
       pelanggan, umumnya pada saat penyerahan aset                     the assets is transferred to the customer,
       kepada pelanggan. Uang muka yang diperoleh                       generally on delivery of the assets. Down
       dari pelanggan sebagai “Liabilitas Kontrak”                      payment from customers as “Contract Liabilities”
       disajikan sebagai bagian dari akun “Uang Muka                    is presented as part of “Advances From
       Pelanggan” pada laporan posisi keuangan                          Customers” in the consolidated statements of
       konsolidasian.                                                   financial position.

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

                                                           33
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Pendapatan kamar hotel diakui berdasarkan                         Hotel room revenues are recognized based on
       tingkat hunian, sementara pendapatan hotel                        actual room occupancy, while other hotel
       lainnya diakui pada saat barang atau jasa telah                   revenues are recognized when goods or
       diberikan kepada tamu hotel. Pendapatan dari                      services have been provided to hotel guests.
       penjualan tiket diakui pada saat tiket yang dibeli                Sales of entrance tickets are recognized when
       oleh pengunjung digunakan. Pendapatan dari jasa                   tickets purchased by visitors are used. Service
       pelayanan, penjualan makanan dan minuman dan                      revenues and sales of food and beverage are
       jasa pelayanan diakui pada saat barang atau jasa                  recognized when the goods are delivered or
       diberikan.                                                        when the services have been rendered.

       Pendapatan sewa diakui sebagai pendapatan                         Rent revenue is recognized as income over the
       sesuai masa sewa. Sewa yang diterima dimuka                       lease term. Rentals received in advance are
       disajikan sebagai bagian dari “Pendapatan                         presented as part of “Deferred Income”.
       Ditangguhkan”.

       Pendapatan dari iuran keanggotaan klub diakui                     Revenue from club membership fees is
       sesuai dengan periode keanggotaan.                                recognized based on the membership period.

       Beban pokok penjualan tanah meliputi harga                        Cost of land sold includes the acquisition cost of
       perolehan    tanah   ditambah    pengeluaran-                     the land plus other expenses for land
       pengeluaran lain untuk pengembangan tanah.                        development. Cost of residential houses sales
       Beban pokok penjualan rumah tinggal meliputi                      cover land and all the expenses of construction
       tanah dan seluruh beban pembangunan rumah                         of residential houses until they are ready for
       tinggal sampai siap ditempati atau digunakan.                     occupancy or use. Cost of sales of
       Beban pokok penjualan kondominium, apartemen                      condominiums, apartments and office space
       dan perkantoran yang berhubungan dengan                           relating to revenue using the percentage of
       pendapatan     yang   menggunakan     metode                      completion method is recognized based on the
       persentase penyelesaian diakui sesuai dengan                      percentage of completion at the end of each
       tingkat persentase penyelesaian setiap akhir                      year.
       tahun.

       Beban                                                             Expenses

       Beban diakui pada saat terjadinya (accrual basis).                Expenses are recognized when incurred (accrual
                                                                         basis).

     s. Pajak Penghasilan                                             s. Income Tax

       Beban pajak terdiri dari pajak kini dan tangguhan.                Income tax expense comprises current and
       Beban pajak diakui dalam laporan laba rugi dan                    deferred tax. Income tax expense is recognized
       penghasilan komprehensif lain konsolidasian                       in the consolidated statement of profit or loss and
       kecuali untuk transaksi yang berhubungan dengan                   other comprehensive income except for
       transaksi diakui langsung dalam ekuitas, dalam                    transactions related to transactions recognized
       hal ini diakui sebagai penghasilan komprehensif                   directly in equity, in which case it is recognized in
       lain.                                                             other comprehensive income.

       Pajak kini                                                        Current income tax

       Beban pajak kini dihitung dengan menggunakan                      Current tax expense is calculated using tax rates
       tarif pajak yang berlaku pada tanggal pelaporan                   enacted at the financial reporting date, and is
       keuangan, dan ditetapkan berdasarkan taksiran                     provided based on the estimated taxable profit
       laba kena pajak tahun berjalan. Manajemen                         for the year. Management periodically evaluates
       secara periodik mengevaluasi posisi yang                          the positions reported in the annual tax returns
       dilaporkan di Surat Pemberitahuan Tahunan                         with respect to situations where applicable tax
       (SPT) sehubungan dengan situasi di mana aturan                    regulations are subject to interpretation. If
       pajak yang berlaku membutuhkan interpretasi.                      necessary, management establishes provision
       Jika perlu, manajemen menentukan provisi                          where appropriate on the basis of amounts
       berdasarkan jumlah yang diharapkan akan dibayar                   expected to be paid to the tax authorities.
       kepada otoritas pajak.




                                                            34
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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                            DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                         3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Aset pajak kini dan liabilitas pajak kini dilakukan                   Current tax assets and current tax liabilities are
       saling hapus jika, dan hanya jika, entitas memiliki                   offset if, and only if, the entity has a legally
       hak yang dapat dipaksakan secara hukum untuk                          enforceable right to set off the recognized
       melakukan saling hapus jumlah yang diakui; dan                        amounts; and intends either to settle on a net
       memiliki intensi untuk menyelesaikan dengan                           basis, or to realize the asset and settle the
       dasar neto, atau merealisasikan aset dan                              liability simultaneously.
       menyelesaikan liabilitas secara bersamaan.

       Pajak tangguhan                                                       Deferred tax

       Aset dan liabilitas pajak tangguhan diakui atas                       Deferred tax assets and liabilities are recognized
       perbedaan temporer antara aset dan liabilitas                         for temporary differences between the financial
       untuk tujuan komersial dan tujuan perpajakan                          and tax bases of assets and liabilities at each
       setiap tanggal pelaporan. Aset pajak tangguhan                        reporting date. Deferred tax assets are
       diakui untuk seluruh perbedaan temporer yang                          recognized for all deductible temporary
       boleh dikurangkan sepanjang besar kemungkinan                         differences to the extent that it is probable that
       perbedaan temporer yang boleh dikurangkan                             sufficient future taxable profit will be available
       tersebut dapat dimanfaatkan untuk mengurangi                          against which the deductible temporary
       laba kena pajak pada masa yang akan datang.                           difference can be utilized. Future tax benefits,
       Manfaat pajak di masa mendatang, seperti saldo                        such as the carryforward of unused tax losses,
       rugi fiskal yang belum digunakan, diakui sejauh                       are also recognized to the extent that realization
       besar kemungkinan realisasi atas manfaat pajak                        of such benefits is probable.
       tersebut.

       Aset dan liabilitas pajak tangguhan diukur pada                       Deferred tax assets and liabilities are measured
       tarif pajak yang diharapkan akan digunakan pada                       at the tax rates that are expected to apply to the
       periode ketika aset direalisasi atau ketika liabilitas                period when the asset is realized or the liability is
       dilunasi berdasarkan tarif pajak (dan peraturan                       settled, based on tax rates (and tax laws) that
       perpajakan) yang berlaku atau secara substansial                      have been enacted or substantively enacted at
       telah diberlakukan pada akhir periode pelaporan.                      the end of the reporting period.

       Aset pajak tangguhan dan liabilitas pajak                             Deferred tax assets and deferred tax liabilities
       tangguhan dilakukan saling hapus jika, dan hanya                      are offset if, and only if, the entity has a legally
       jika, entitas memiliki hak secara hukum untuk                         enforceable right to set off current tax assets
       saling hapus aset pajak kini terhadap liabilitas                      against current tax liabilities, and the deferred tax
       pajak kini, dan aset pajak tangguhan dan liabilitas                   assets and the deferred tax liabilities relate to
       pajak tangguhan terkait dengan pajak penghasilan                      income taxes levied by the same taxation
       yang dikenakan oleh otoritas perpajakan atas                          authority on either the same taxable entity, or
       entitas kena pajak, yang sama atau entitas kena                       different taxable entities which intend either to
       pajak berbeda yang bermaksud untuk memulihkan                         settle current tax liabilities and assets on a net
       aset dan liabilitas pajak kini dengan dasar neto,                     basis, or to realize the assets and settle the
       atau merealisasikan aset dan menyelesaikan                            liabilities simultaneously, in each future period in
       liabilitas secara bersamaan, pada setiap periode                      which significant amounts of deferred tax
       masa depan yang mana jumlah signifikan atas                           liabilities or assets are expected to be settled or
       aset atau liabilitas pajak tangguhan diharapkan                       recovered.
       diselesaikan atau dipulihkan.

       Perubahan terhadap kewajiban perpajakan diakui                        Amendments to tax obligations are recorded
       pada saat penetapan pajak diterima dan/atau, jika                     when an assessment is received and/or, if
       Grup mengajukan keberatan dan/atau banding,                           objected to and/or appealed against by the
       pada saat keputusan atas keberatan dan/atau                           Group, when the result of the objection and/or
       banding telah ditetapkan.                                             appeal is determined.

       Pajak penghasilan final                                               Final income tax

       Peraturan perpajakan di Indonesia mengatur                            Indonesian tax laws regulate several types of
       beberapa jenis penghasilan dikenakan pajak final.                     income subject to final tax. Final income tax is
       Pajak penghasilan final dikenakan atas nilai bruto                    imposed on gross transaction value and will still
       transaksi dan akan tetap dikenakan walaupun                           be imposed even if the result of the transaction
       hasil     pelaksanaan       transaksi    tersebut                     causes a loss.
       menyebabkan kerugian.



                                                                35
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Mengacu pada PSAK 212, pajak penghasilan final                     In accordance with PSAK 212, the final income
        tidak termasuk dalam lingkup yang diatur oleh                      tax is not included in the scope set by PSAK 212.
        PSAK 212. Oleh karena itu, Grup memutuskan                         Therefore, the Group decides to present the final
        untuk menyajikan pajak penghasilan final                           income tax regarding real estate sales in “Final
        sehubungan dengan pendapatan dari penjualan                        income tax expenses” accounts in the
        real estat pada akun “Beban pajak penghasilan                      consolidated statement of profit or loss and other
        final” pada laporan laba rugi dan penghasilan                      comprehensive income.
        komprehensif lain konsolidasian.

        Perbedaan nilai tercatat aset atau liabilitas yang                 Differences in the carrying amount of assets or
        berhubungan dengan pajak penghasilan final tidak                   liabilities regarding final income tax is not
        diakui sebagai aset atau liabilitas pajak                          recognized as deferred tax assets or liabilities.
        tangguhan. Beban pajak penghasilan tahun                           Current year income tax expense relating to
        berjalan sehubungan dengan penghasilan yang                        revenue subject to final income tax is recognized
        dikenakan pajak penghasilan final diakui secara                    proportionally to total recognized revenue on
        proporsional dengan total pendapatan yang diakui                   current year for accounting purposes.
        pada tahun berjalan untuk tujuan akuntansi.

        Selisih antara jumlah pajak penghasilan final yang                 Differences in total final income tax paid and
        telah dibayar dengan jumlah yang diakui sebagai                    amount recognized as final income tax expense
        beban pajak penghasilan final pada laporan laba                    in the consolidated statement of profit or loss and
        rugi    dan    penghasilan    komprehensif     lain                other comprehensive income will be recognized
        konsolidasian diakui sebagai pajak dibayar dimuka                  as prepaid tax or tax payable.
        atau utang pajak.

     t. Selisih Nilai Transaksi Restrukturisasi dengan                  t. Difference in Value of Restructuring
        Entitas Sepengendali                                               Transactions with Entities under Common
                                                                           Control

        Transaksi kombinasi bisnis entitas sepengendali,                   Business combination transactions of entities
        berupa pengalihan bisnis yang dilakukan dalam                      under common control, such as transfers of
        rangka reorganisasi entitas-entitas yang berada di                 businesses conducted within the framework of
        dalam suatu Grup yang sama, bukan merupakan                        the reorganization of the entities that are in the
        perubahan kepemilikan dalam arti substansi                         same Group, is not a change of ownership in
        ekonomi, sehingga transaksi tersebut tidak                         terms of economic substance, so that the
        menimbulkan laba atau rugi bagi Grup secara                        transaction does not result in a gain or loss for
        keseluruhan ataupun bagi entitas individu dalam                    the Group as a whole or for individual entities
        Grup tersebut.                                                     within the Group.

        Karena transaksi kombinasi bisnis entitas                          Since the business combination transaction of
        sepengendali tidak menyebabkan perubahan                           entities under common control does not result in
        substansi ekonomi kepemilikan atas bisnis yang                     a change of ownership in terms of the economic
        dipertukarkan, maka transaksi tersebut diakui                      substance of the businesses which are
        pada jumlah tercatat berdasarkan metode                            exchanged, the transaction is recognized in the
        penyatuan kepemilikan.                                             carrying amount based on the pooling of interest
                                                                           method.

        Dalam      menerapkan       metode      penyatuan                  In applying the pooling-of-interest method, the
        kepemilikan, unsur-unsur laporan keuangan dari                     components of the financial statements for the
        entitas yang bergabung, untuk tahun terjadinya                     year during which the restructuring occurred and
        kombinasi bisnis entitas sepengendali dan untuk                    for other years presented for comparison
        tahun komparatif sajian, disajikan sedemikian rupa                 purposes are presented in such a manner as if
        seolah-olah penggabungan tersebut telah terjadi                    the restructuring has already happened since the
        sejak awal tahun entitas yang bergabung berada                     beginning of the entity was under common
        dalam sepengendalian. Jumlah tercatat dari                         control. The carrying values of the elements of
        unsur-unsur     laporan      keuangan      tersebut                those statements are the carrying amount of the
        merupakan jumlah tercatat dari entitas yang                        joining entity in a business combination under
        bergabung dalam kombinasi bisnis entitas                           common control. The difference between the
        sepengendali. Selisih antara imbalan yang                          consideration transferred and the carrying
        dialihkan dan jumlah tercatat dari setiap transaksi                amount of each business combination under
        kombinasi bisnis entitas sepengendali disajikan di                 common control transaction is presented in
        ekuitas dalam pos tambahan modal disetor.                          equity under additional paid-in capital.


                                                              36
Page 324
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

     u. Imbalan Kerja                                                   u. Employee Benefits

       Imbalan Kerja Jangka Pendek                                         Short-term Employee Benefits

       Imbalan kerja jangka pendek merupakan                               Short-term     employee  benefits  represent
       kompensasi yang diberikan oleh Grup seperti gaji,                   compensation provided by the Group such as
       tunjangan dan bonus, yang diakui pada saat                          salaries, allowances and bonuses paid, which
       terutang kepada karyawan.                                           are recognized when they accrue to the
                                                                           employees.

       Imbalan Pascakerja                                                  Post-employment Benefits

       Grup menentukan liabilitas imbalan pascakerja                       The Group determines its post-employment
       sesuai dengan Peraturan Pemerintah Nomor 35                         benefits liability based        on Government
       Tahun 2021 (PP 35/2021) yang melaksanakan                           Regulation Number 35 Year 2021 (PP 35/2021)
       ketentuan Pasal 81 dan Pasal 185(b) Undang-                         which implements the provisions of Article 81
       Undang No. 11/2020 mengenai Cipta Kerja.                            and        Article      185(b)       of       Law
       PSAK 219 (sebelumnya PSAK 24), “Imbalan                             No. 11/2020 concerning Job Creation (Cipta
       Kerja”, mensyaratkan entitas menggunakan                            Kerja).        PSAK         219        (previously
       metode “Projected Unit Credit” untuk menentukan                     PSAK 24), “Employee Benefits”, requires the
       nilai kini kewajiban imbalan pasti, biaya jasa kini                 present value of the defined benefit obligation,
       terkait, dan biaya jasa lalu.                                       the related current service cost, and past service
                                                                           cost to be determined using the “Projected Unit
                                                                           Credit” method.

       Ketika entitas memiliki surplus dalam program                       When an entity has a surplus in a defined benefit
       imbalan pasti, maka entitas mengukur aset                           plan, it measures the defined benefit asset at the
       imbalan pasti pada jumlah yang lebih rendah                         lower amount between the surplus of the defined
       antara surplus program imbalan pasti dan batas                      benefit plan and the upper limit on assets
       atas aset yang ditentukan dengan menggunakan                        determined using a discount rate.
       tingkat diskonto.

       Entitas mengakui komponen biaya imbalan pasti,                      An entity recognizes the components of defined
       kecuali SAK mensyaratkan atau mengizinkan                           benefit cost, except SAK requires or permits
       biaya tersebut sebagai biaya perolehan aset,                        such costs as the acquisition cost of the asset,
       sebagai berikut:                                                    as follows:

       (a) biaya jasa dalam laba rugi;                                     (a) service cost in profit or loss;
       (b) bunga neto atas liabilitas (aset) imbalan pasti                 (b) net interest on net liability (asset) of defined
           neto dalam laba rugi; dan                                           benefit in profit or loss; and
       (c) pengukuran kembali liabilitas (aset) imbalan                    (c) any change in the effect of the asset ceiling,
           pasti neto dalam penghasilan komprehensif                           excluding amounts included in net interest on
           lain.                                                               the net defined benefit liability (asset).

       Pengukuran kembali atas liabilitas (aset) imbalan                   Remeasurement on net liability (asset) of defined
       pasti neto yang diakui dalam penghasilan                            benefit recognized in other comprehensive
       komprehensif lain tidak direklasifikasi ke laba rugi                income is not reclassified to profit or loss in
       pada periode berikutnya. Akan tetapi, entitas                       subsequent periods. However, the entity may
       dapat mengalihkan jumlah yang diakui sebagai                        transfer the amounts recognized as other
       penghasilan komprehensif lain tersebut pada pos                     comprehensive income in another account in
       lain dalam ekuitas.                                                 equity.

       (a) keuntungan dan kerugian aktuarial;                              (a) actuarial gains and losses;
       (b) imbal hasil atas aset program, tidak termasuk                   (b) return on plan assets, excluding amounts
           jumlah yang dimasukkan dalam bunga neto                             included in net interest on the net defined
           atas liabilitas (aset) imbalan pasti neto; dan                      benefit liability (asset); and
       (c) setiap perubahan dampak batas atas aset,                        (c) any change in the effect of the asset ceiling,
           tidak termasuk jumlah yang dimasukkan dalam                         excluding amounts included in net interest on
           bunga neto atas liabilitas (aset) imbalan pasti                     the net defined benefit liability (asset).
           neto.

                                                              37
Page 325
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Entitas mengakui biaya jasa lalu sebagai beban                      The entity recognizes past service cost as an
       pada tanggal yang lebih awal antara ketika                          expense at the earliest of when the amendments
       amendemen atau kurtailmen program terjadi dan                       or curtailment of program occurs and when the
       ketika entitas mengakui biaya restrukturisasi                       entity recognizes related restructuring costs or
       terkait atau pesangon.                                              severances.

       Grup mengakui keuntungan atau kerugian atas                         The Group recognizes gains or losses on the
       penyelesaian program imbalan pasti pada saat                        curtailment or settlement of a defined benefit
       kurtailmen atau penyelesaian terjadi. Kurtailmen                    plan when such occur. A curtailment occurs
       terjadi ketika entitas mengurangi secara signifikan                 when an entity makes a material reduction in the
       jumlah pekerja yang ditanggung oleh program,                        number of employees covered by a plan, or
       atau mengubah ketentuan program imbalan pasti                       amends the terms of a defined benefit plan so
       sehingga unsur yang signifikan dari jasa masa                       that a significant element of future service by
       depan karyawan saat ini tidak lagi memenuhi                         current employees will no longer qualify for
       syarat atas imbalan, atau akan memenuhi syarat                      benefits, or will qualify only for reduced benefits.
       hanya untuk imbalan yang dikurangi.

       Kurtailmen dapat terjadi karena suatu peristiwa                     A curtailment may arise from an isolated event,
       yang berdiri sendiri, seperti penutupan pabrik,                     such as the closing of a plant, discontinuance of
       penghentian operasi, atau terminasi atau                            an operation or termination or suspension of a
       penghentian program. Sebelum menentukan biaya                       plan. Before determining the past service cost, or
       jasa lalu, atau keuntungan dan kerugian atas                        gains and losses on the settlement, the Group
       penyelesaian, Grup mengukur kembali liabilitas                      shall remeasure the net liability (asset) of defined
       (aset) imbalan pasti neto menggunakan nilai wajar                   benefit using current fair value of plan assets and
       kini dari aset program dan asumsi aktuarial kini                    current actuarial assumptions (including current
       (termasuk suku bunga pasar dan harga pasar kini                     market interest rates and other current market
       yang lain) yang mencerminkan imbalan yang                           prices) that reflects the rewards offered in the
       ditawarkan dalam program sebelum amendemen,                         program prior to the amendment, curtailment or
       kurtailmen, atau penyelesaian program.                              settlement program.

       Bunga neto dihitung dengan menggunakan tingkat                      Net interest is calculated by applying the
       diskonto terhadap liabilitas atau aset imbalan pasti                discount rate to the net defined benefit liability or
       neto. Biaya jasa terdiri dari biaya jasa kini dan                   asset. Service costs comprise current service
       biaya jasa lalu, keuntungan dan kerugian                            costs and past service costs, gains and losses
       kurtailmen dan penyelesaian tidak rutin, jika ada.                  on curtailments and non-routine settlements, if
       Beban atau pendapatan bunga neto, dan biaya                         any. Net interest expense or income, and service
       jasa diakui dalam laporan laba rugi dan                             costs are recognized in the consolidated
       penghasilan komprehensif lain konsolidasian.                        statement of profit or loss and other
                                                                           comprehensive income.

     v. Cadangan atas Penggantian Peralatan Operasi                     v. Reserve for       Replacement       of   Operating
                                                                           Equipment

       Entitas Anak yang bergerak dalam bidang                             Subsidiaries conducting business in hotels
       perhotelan    melakukan    pencadangan       atas                   provide a reserve for replacement of operational
       penggantian     peralatan     operasi    dengan                     equipment by charging to operations an amount
       membebankan jumlah tertentu pada biaya operasi                      based on the estimated replacement amount of
       sesuai dengan estimasi nilai penggantian dari                       cost or damage items. Actual purchases are
       harga perolehan atau barang yang rusak.                             charged to a reserve account. At the end of the
       Pembelian barang aktual dibebankan pada                             reporting year, an adjustment is made to the
       perkiraan pencadangan. Pada akhir tahun                             reserve account to recognize the difference
       pelaporan, penyesuaian dibuat atas perkiraan                        between the operational equipment items held at
       cadangan untuk mengakui perbedaan antara                            the end of the reporting year and those initially
       peralatan operasi yang dimiliki pada akhir tahun                    supplied by Subsidiaries. Any items on hand at
       pelaporan dengan jumlah yang dibeli oleh Entitas                    the end of the reporting year are adjusted to
       Anak. Nilai barang-barang yang tersedia pada                        “Inventories” accounts.
       akhir tahun pelaporan disesuaikan ke akun
       “Persediaan”.



                                                              38
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL ACCOUNTING POLICIES (Continued)

     w. Cadangan atas Penggantian Perabotan dan                      w. Reserve Replacement           of   Furniture     and
        Peralatan                                                       Equipment

       Sehubungan dengan perjanjian yang diungkapkan                    In accordance with the agreement referred to in
       di dalam Catatan 43b, beberapa Entitas Anak,                     Note 43b, certain Subsidiaries, as the hotel
       yang merupakan badan pengelola properti hotel                    management of “Horison Suites & Residences
       “Horison Suites & Residences Rasuna”, “Aston                     Rasuna”, “Aston Bogor Hotel & Resort”, “Alana”,
       Bogor Hotel & Resort”, “Alana”, “The Grove Suite”                “The Grove Suite” and “Swiss-BelResidences
       dan “Swiss-BelResidences Rasuna Epicentrum”                      Rasuna Epicentrum” provide a reserve for
       melakukan pencadangan atas penggantian                           replacement of furniture and equipment between
       perabotan dan peralatan antara 1% sampai                         1% to 4% of the hotel revenue.
       dengan 4% dari pendapatan hotel.

     x. Informasi Segmen                                             x. Segment Information

       Segmen operasi diidentifikasi berdasarkan laporan                Operating segments are identified on the basis of
       internal mengenai komponen dari Grup yang                        internal reports about components of the Group
       secara regular direviu oleh pengambil keputusan                  that are regularly reviewed by the chief operating
       operasional dalam rangka mengalokasikan                          decision maker in order to allocate resources
       sumber daya dan menilai kinerja segmen operasi.                  and assess the performances of the operating
                                                                        segments.

       Segmen operasi adalah suatu komponen dari                        An operating segment is a component of an
       entitas:                                                         entity:
       (a) yang terlibat dalam aktivitas bisnis untuk                   (a) that engages in business activities to earn
           memperoleh pendapatan dan menimbulkan                            revenues and incur expenses (including
           beban (termasuk pendapatan dan beban                             revenues and expenses relating to the
           terkait dengan transaksi dengan komponen                         transactions with other components of the
           lain dari entitas yang sama);                                    same entity);
       (b) yang hasil operasinya dikaji ulang secara                    (b) whose operating results are reviewed
           regular oleh pengambil keputusan operasional                     regularly by the entity’s chief operating
           untuk membuat keputusan tentang sumber                           decision maker to make decisions about
           daya yang dialokasikan pada segmen tersebut                      resources to be allocated to the segments
           dan menilai kinerjanya; dan                                      and assess its performance; and
       (c) di mana tersedia informasi keuangan yang                     (c) for which discrete financial information is
           dapat dipisahkan.                                                available.

       Informasi yang digunakan oleh pengambil                          Information reported to the chief operating
       keputusan operasional dalam rangka alokasi                       decision maker for the purpose of resource
       sumber daya dan penilaian kinerja mereka                         allocation and assessment of performance is
       terfokus pada kategori dari setiap produk.                       more specifically focused on the category of
                                                                        each product.

       Pendapatan, beban, hasil, aset dan liabilitas                    Segment revenues, expenses, results, assets
       segmen termasuk hal-hal yang dapat diatribusikan                 and liabilities include those directly attributable to
       secara langsung kepada suatu segmen serta hal-                   a segment as well as those that can be allocated
       hal yang dapat dialokasikan dengan dasar yang                    on a reasonable basis to that segment. They are
       memadai untuk segmen tersebut. Segmen                            determined before intra group balances and
       ditentukan sebelum saldo dan transaksi antar                     transactions are eliminated.
       perusahaan dieliminasi.

     y. Laba atau Rugi Per Saham                                     y. Earnings or Losses Per Share

       Laba atau rugi neto per saham dasar dihitung                     Basic earnings or losses per share are
       dengan membagi laba atau rugi tahun berjalan                     calculated by dividing profits or losses
       yang dapat diatribusikan kepada pemilik entitas                  attributable to ordinary equity holders of the
       induk dengan rata-rata tertimbang jumlah saham                   parent entity, by the weighted average number of
       biasa   yang    beredar     pada   tahun   yang                  issued ordinary shares during the year.
       bersangkutan.


                                                           39
Page 327
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Pada tanggal pelaporan, tidak ada efek berpotensi                  As at the reporting date, there were no
       saham biasa yang dapat menimbulkan pengaruh                        potentially dilutive ordinary shares that would
       dilutif pada rugi neto. Oleh karena itu, rugi neto                 give rise to a dilution of net loss per share. Thus,
       per saham dilusian sama dengan rugi per saham                      diluted net loss per share is the same as basic
       dasar.                                                             loss per share.

       Laba atau rugi per saham dilusian dihitung dengan                  Diluted earnings or loss per share amounts are
       membagi laba atau rugi neto tahun berjalan yang                    calculated by dividing the net profit or loss
       dapat diatribusikan kepada pemilik entitas induk                   attributable to ordinary equity holders of the
       (setelah disesuaikan dengan bunga atas saham                       parent (after adjusting for interest on the
       preferen yang dapat dikonversi) dengan jumlah                      convertible preference shares) by the weighted
       rata-rata tertimbang saham yang beredar untuk                      average number of ordinary shares outstanding
       tahun yang bersangkutan ditambah jumlah saham                      during the year plus the weighted average
       rata-rata tertimbang yang akan diterbitkan pada                    number of ordinary shares that would be issued
       saat pengkonversian semua instrumen berpotensi                     on conversion of all the dilutive potential ordinary
       saham biasa yang bersifat dilusian menjadi saham                   shares into ordinary shares.
       biasa.

     z. Biaya Pinjaman                                                 z. Borrowing Costs

       Biaya pinjaman yang dapat diatribusikan langsung                   Borrowing costs directly attributable to the
       dengan      perolehan,     pembangunan,        atau                acquisition, construction or production of an
       pembuatan aset yang membutuhkan waktu yang                         asset that takes a substantial period of time to
       cukup lama untuk persiapan digunakan sesuai                        prepare for its intended use or sale are
       tujuannya atau dijual dikapitalisasi sebagai bagian                capitalized as part of the cost of the respective
       dari biaya aset yang bersangkutan. Penghasilan                     assets. Investment income earned on temporary
       investasi diperoleh atas investasi sementara dari                  investment from borrowings that have not
       pinjaman yang secara spesifik belum digunakan                      specifically been used for the expenditure of
       untuk pengeluaran aset kualifikasian dikurangi dari                qualifying assets, less capitalized borrowing
       biaya pinjaman yang dikapitalisasi.                                costs.

       Semua biaya pinjaman lainnya diakui sebagai                        All other borrowing costs are expensed in the
       beban pada periode terjadi. Biaya pinjaman terdiri                 period incurred. Borrowing costs consist of
       dari biaya bunga dan biaya lain yang ditanggung                    interest and other costs that the Group incurs in
       oleh Grup sehubungan dengan peminjaman dana.                       connection with the borrowing of funds.

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

     aa.Aset Takberwujud                                               aa. Intangible Assets

       Aset takberwujud yang diperoleh secara terpisah                    Intangible assets acquired separately are
       pada awalnya diakui sebesar biaya perolehan.                       measured on initial recognition at cost. The cost
       Biaya perolehan aset takberwujud yang diperoleh                    of intangible assets acquired in a business
       dalam kombinasi bisnis adalah nilai wajar aset                     combination is its fair value as of the date of
       pada tanggal akuisisi. Setelah pengakuan awal,                     acquisition. Subsequent to initial recognition,
       aset takberwujud dicatat sebesar biaya perolehan                   intangible assets are carried at cost less any
       dikurangi akumulasi amortisasi dan akumulasi rugi                  accumulated amortization and accumulated
       penurunan nilai, jika ada.                                         impairment losses, if any.




                                                             40
Page 328
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                        3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Aset takberwujud yang dihasilkan secara internal,                    Internally generated intangible assets, excluding
       selain biaya pengembangan yang dikapitalisasi,                       capitalized development costs, are not
       tidak dikapitalisasi dan pengeluaran tercermin                       capitalized and expenditure is reflected in the
       dalam laporan laba rugi dan penghasilan                              consolidated statement of profit or loss and other
       komprehensif lain konsolidasian pada tahun di                        comprehensive income in the year in which the
       mana pengeluaran tersebut terjadi.                                   expenditure is incurred.

       Umur manfaat aset takberwujud dinilai terbatas                       The useful lives of intangible assets are
       atau tidak terbatas. Aset takberwujud dengan                         assessed as either finite or indefinite. Intangible
       umur manfaat terbatas diamortisasi selama masa                       assets with finite lives are amortized over the
       manfaat ekonomis dan menguji penurunan nilai                         useful economic life and assessed for
       apabila terdapat indikasi aset takberwujud                           impairment whenever there is an indication that
       mengalami penurunan nilai.                                           the intangible asset may be impaired.

       Periode amortisasi dan metode amortisasi untuk                       The amortization period and the amortization
       aset takberwujud ditinjau setidaknya pada setiap                     method for an intangible asset is reviewed at
       akhir periode pelaporan. Perubahan pada                              least at the end of each reporting period.
       perkiraan umur manfaat atau perkiraan pola                           Changes in the expected useful life or the
       konsumsi manfaat ekonomi terjadi pada aset                           expected pattern of consumption of future
       tersebut dicatat dengan mengubah periode                             economic benefits embodied in the asset is
       amortisasi atau metode, yang sesuai, dan                             accounted for by changing the amortization
       diperlakukan   sebagai     perubahan    estimasi                     period or method, as appropriate, and are
       akuntansi. Beban amortisasi aset takberwujud                         treated as changes in accounting estimates. The
       diakui dalam laporan laba rugi dan penghasilan                       amortization expense on intangible assets is
       komprehensif lain konsolidasian dalam kategori                       recognized in the consolidated statement of profit
       biaya yang konsisten dengan fungsi dari aset                         or loss and other comprehensive income in the
       takberwujud.                                                         expense category consistent with the function of
                                                                            the intangible assets.

       Laba atau rugi yang timbul dari penghentian                          Gains or losses arising from derecognition of an
       pengakuan aset takberwujud ditentukan sebagai                        intangible asset are measured as the difference
       selisih antara hasil neto pelepasan dan jumlah                       between the net disposal proceeds and the
       tercatat aset dan diakui dalam laporan laba rugi                     carrying amount of the asset and are recognized
       dan penghasilan komprehensif lain konsolidasian                      in the consolidated statement of profit or loss and
       ketika aset tersebut dihentikan pengakuannya.                        other comprehensive income when the asset is
                                                                            derecognized.

       Goodwill merupakan selisih lebih biaya perolehan                     Goodwill represents the excess of the cost of an
       atas kepemilikan Grup terhadap nilai wajar aset                      acquisition over the fair value of the Group’s
       neto teridentifikasi dari Entitas Anak, entitas                      share of the net identifiable assets of the
       asosiasi atau pengendalian bersama entitas pada                      acquired Subsidiary, associate or jointly
       tanggal akuisisi. Kepentingan Nonpengendali                          controlled entity at the effective date of
       (NCI) diukur pada proporsi kepemilikan NCI atas                      acquisition. Non-controlling Interest (NCI) are
       aset neto teridentifikasi pada tanggal akuisisi. Jika                measured at their proportionate share of the net
       biaya perolehan lebih rendah dari nilai wajar aset                   identifiable assets at the acquisition date. If the
       neto yang diperoleh, perbedaan tersebut diakui                       cost of acquisition is less than the fair value of
       dalam laporan laba rugi dan penghasilan                              the net assets acquired, the difference is
       komprehensif lain konsolidasian. Goodwill atas                       recognized in the consolidated profit and loss
       akuisisi entitas asosiasi dan pengendalian                           and other comprehensive income. Goodwill on
       bersama entitas disajikan di dalam investasi pada                    acquisitions of associates and jointly controlled
       entitas asosiasi dan pengendalian bersama                            entities is included in investment in associates
       entitas. Goodwill dicatat sebesar biaya perolehan                    and jointly controlled entities. Goodwill is carried
       dikurangi dengan akumulasi kerugian penurunan                        at cost less accumulated impairment loss.
       nilai.

       Goodwill atas akuisisi Entitas Anak diuji                            Goodwill upon acquisition of Subsidiaries is
       penurunan nilainya setiap tahun. Goodwill                            annually tested for impairment. Goodwill is
       dialokasikan pada setiap Unit Penghasil Kas                          allocated to Cash Generating Unit (CGU) or
       (CGU) atau kelompok CGU untuk tujuan uji                             group of CGUs for the purpose of impairment
       penurunan nilai.                                                     testing.

                                                               41
Page 329
PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                              DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                           3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Keuntungan atau kerugian atas pelepasan Entitas                        The profit or loss on disposal of Subsidiaries,
        Anak, entitas asosiasi dan pengendalian bersama                        associates and jointly controlled entities includes
        entitas termasuk nilai tercatat dari goodwill yang                     the carrying amount of goodwill relating to the
        terkait dengan entitas yang dijual.                                    entity sold.

     bb.Musyarakah                                                          bb.Musyarakah

        Pembiayaan Musyarakah adalah akad kerjasama                            Musyarakah financing is an agreement between
        antara dua pihak atau lebih untuk suatu usaha                          two or more parties for a particular business, in
        tertentu,    di   mana  masing-masing    pihak                         which each party contributes funds provided that
        memberikan kontribusi dana dengan ketentuan                            the profits are divided according to the
        bahwa       keuntungan   dibagi   berdasarkan                          agreement, while losses are based on the portion
        kesepakatan, sedangkan kerugian berdasarkan                            of fund contributions.
        porsi kontribusi dana.

        Pembiayaan Musyarakah          dinyatakan     sebesar                  Musyarakah financing is stated at outstanding
        saldo pembiayaan.                                                      balance.

     cc. Modal Saham yang Diperoleh Kembali                                 cc. Treasury Stock

        Modal saham yang diperoleh kembali, dicatat                            Treasury stock is stated, at acquisition cost and
        sebesar nilai perolehan dan disajikan sebagai                          shown as reduction from capital stock under the
        pengurang modal saham di bagian ekuitas dalam                          shareholders’ equity section of the consolidated
        laporan posisi keuangan konsolidasian. Selisih                         statement of financial position. The difference
        antara nilai yang diterima atas penjualan saham                        between the proceeds from resale of treasury
        yang diperoleh kembali dan harga perolehan yang                        stock and the related acquisition cost is
        terkait dicatat sebagai penambahan atau                                accounted for as an addition to or reduction from
        pengurangan dari agio saham. Apabila saham                             additional paid-in capital. When the treasury
        yang diperoleh kembali tersebut ditarik kembali,                       stock is retired, the difference between
        selisih antara harga perolehan dan nilai nominal                       acquisition cost and par value is allocated
        dialokasikan antara agio saham dan saldo laba.                         between the related additional paid-in capital and
                                                                               retained earnings.

     dd.Provisi                                                             dd.Provisions

        Provisi diakui jika Grup memiliki liabilitas kini (baik                Provisions are recognized when the Group has a
        bersifat hukum maupun bersifat konstruktif) yang                       present obligation (legal or constructive) where,
        akibat peristiwa masa lalu, besar kemungkinannya                       as a result of a past event, it is probable that an
        besar      penyelesaian       liabilitas      tersebut                 outflow of resources embodying economic
        mengakibatkan arus keluar sumber daya yang                             benefits would be required to settle the obligation
        mengandung manfaat ekonomi dan estimasi yang                           and a reliable estimate can be made of the
        andal mengenai jumlah liabilitas tersebut dapat                        amount of the obligation. Where the Group
        dibuat. Ketika Grup mengharapkan sebagian atau                         expects some or all of a provision to be
        seluruh provisi diganti, maka penggantian tersebut                     reimbursed, the reimbursement is recognized as
        diakui sebagai aset yang terpisah tetapi hanya                         a separate asset but only when the
        pada saat timbul keyakinan penggantian pasti                           reimbursement is virtually certain. The expense
        diterima. Beban yang terkait dengan provisi                            relating to any provision is presented in the profit
        disajikan secara neto setelah dikurangi jumlah                         or loss net of any reimbursement.
        yang diakui sebagai penggantiannya.

        Provisi ditelaah pada setiap tanggal pelaporan dan                     Provisions are reviewed at each reporting date
        disesuaikan untuk mencerminkan estimasi terbaik                        and adjusted to reflect the current best estimate.
        yang paling kini. Jika arus keluar sumber daya                         If it is no longer probable that an outflow of
        yang mengandung manfaat ekonomi untuk                                  resources embodying economic benefits would
        menyelesaikan liabilitas kemungkinan besar tidak                       be required to settle the obligation, the provision
        terjadi, maka provisi dibatalkan.                                      is reversed.




                                                                  42
Page 330
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

     ee. Peristiwa Setelah Periode Pelaporan                            ee. Events After the Reporting Period

        Peristiwa yang terjadi setelah periode pelaporan                   Events after the reporting period that provide
        yang menyediakan tambahan informasi mengenai                       additional information about the Group’s financial
        posisi keuangan Grup pada tanggal laporan posisi                   position at the reporting date (adjusting events),
        keuangan (peristiwa penyesuai), jika ada, telah                    if any, are reflected in the consolidated financial
        tercermin dalam laporan keuangan konsolidasian.                    statements. Events after the reporting period that
        Peristiwa-peristiwa yang terjadi setelah periode                   do not require adjustment (non-adjusting events),
        pelaporan yang tidak memerlukan penyesuaian                        where material, are disclosed in the notes to
        (peristiwa nonpenyesuai), apabila jumlahnya                        consolidated financial statements.
        material, telah diungkapkan dalam catatan atas
        laporan keuangan konsolidasian.

     ff. Pengukuran Nilai Wajar                                         ff. Fair Value Measurement

        Nilai wajar adalah harga yang akan diterima untuk                  Fair value is the price that would be received to
        menjual suatu aset atau harga yang akan dibayar                    sell an asset or paid to transfer a liability in an
        untuk mengalihkan suatu liabilitas dalam transaksi                 orderly transaction between market participants
        teratur di antara pelaku pasar pada tanggal                        at the measurement date. The fair value
        pengukuran. Pengukuran nilai wajar didasarkan                      measurement is based on the presumption that
        pada asumsi bahwa transaksi untuk menjual aset                     the transaction to sell the asset or transfer the
        atau mengalihkan liabilitas akan terjadi:                          liability takes place either:
        1. Di pasar utama untuk aset atau liabilitas                       1. In the principal market for the asset or liability;
            tersebut; atau                                                     or
        2. Jika tidak terdapat pasar utama, di pasar yang                  2. In the absence of a principal market, in the
            paling menguntungkan untuk aset atau                               most advantageous market for the asset or
            liabilitas tersebut.                                               liability.

        Grup harus memiliki akses ke pasar utama atau                      The principal or the most advantageous market
        pasar yang paling menguntungkan.                                   must be accessible by the Group.

        Nilai wajar aset atau liabilitas diukur menggunakan                The fair value of an asset or a liability is
        asumsi yang akan digunakan pelaku pasar ketika                     measured using the assumptions that market
        menentukan harga aset atau liabilitas tersebut,                    participants would use when pricing the asset or
        dengan asumsi bahwa pelaku pasar bertindak                         liability, assuming that market participants act in
        dalam kepentingan ekonomis terbaiknya.                             their best economic interest.

        Pengukuran nilai wajar aset nonkeuangan                            A fair value measurement of a non-financial
        memperhitungkan kemampuan pelaku pasar                             asset takes into account a market participant’s
        untuk menghasilkan manfaat ekonomis dengan                         ability to generate economic benefits by using
        menggunakan aset dalam penggunaan tertinggi                        the asset in its highest and best use or by selling
        dan terbaiknya, atau dengan menjualnya kepada                      it to another market participant that would use
        pelaku pasar lain yang akan menggunakan aset                       the asset in its highest and best use.
        tersebut dalam penggunaan tertinggi dan
        terbaiknya.

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

        Seluruh aset dan liabilitas, baik yang diukur pada                 All assets and liabilities for which fair value is
        nilai wajar, atau di mana nilai wajar aset atau                    measured or disclosed in the consolidated
        liabilitas tersebut diungkapkan dalam laporan                      financial statements are categorized within the
        keuangan konsolidasian, dikategorikan dalam                        fair value hierarchy, described as follows, based
        hirarki nilai wajar, berdasarkan tingkat input                     on the lowest able input that significant to fair
        terendah yang signifikan terhadap keseluruhan                      value measurement as a whole:
        pengukuran, sebagai berikut:

                                                              43
Page 331
PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                             DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                          3.   MATERIAL ACCOUNTING POLICIES (Continued)

        1. Level 1 - Harga kuotasian (tanpa penyesuaian)                      1. Level 1 - Quoted (unadjusted) market prices
           di pasar aktif untuk aset atau liabilitas yang                        in active markets for identical assets or
           identik;                                                              liabilities;
        2. Level 2 - Teknik penilaian di mana tingkat input                   2. Level 2 - Valuation techniques for which the
           terendah yang signifikan terhadap pengukuran                          lowest level input that is significant to the fair
           nilai wajar dapat diobservasi, baik secara                            value measurement is directly or indirectly
           langsung maupun tidak langsung;                                       observable;
        3. Level 3 - Teknik penilaian di mana tingkat input                   3. Level 3 - Valuation techniques for which the
           terendah yang signifikan terhadap pengukuran                          lowest level input that is significant to the fair
           nilai wajar tidak dapat diobservasi.                                  value measurement is unobservable.

        Untuk aset dan liabilitas yang diukur pada nilai                      For assets and liabilities that are recognized in
        wajar secara berulang dalam laporan keuangan                          the consolidated financial statements on a
        konsolidasian, maka Grup menentukan apakah                            recurring basis, the Group determines whether
        telah terjadi transfer di antara tingkat hirarki nilai                transfers have occurred between levels in the
        wajar      dengan      cara     menilai      kembali                  hierarchy by re-assessing categorization (based
        pengkategorian tingkat nilai wajar (berdasarkan                       on the lowest level input that is significant to the
        tingkat input terendah yang signifikan terhadap                       fair value measurement as a whole) at the end of
        keseluruhan pengukuran) pada setiap akhir                             each reporting period.
        periode pelaporan.

     Penyusunan laporan keuangan konsolidasian, sesuai                     The preparation of the Group’s consolidated
     dengan Standar Akuntansi Keuangan di Indonesia,                       financial statements requires management to make
     mewajibkan       manajemen      untuk     membuat                     judgments, estimates and assumptions that affect
     pertimbangan,     estimasi   dan    asumsi    yang                    the reported amounts herein, and the related
     memengaruhi jumlah-jumlah yang dilaporkan dalam                       disclosures, at the end of the reporting period.
     laporan keuangan. Sehubungan dengan adanya                            However, uncertainty about these assumptions and
     ketidakpastian yang melekat dalam membuat                             estimates could result in outcomes that require a
     estimasi, hasil sebenarnya yang dilaporkan di masa                    material adjustment to the carrying amount of the
     mendatang dapat berbeda dengan jumlah estimasi                        asset or liability affected in future periods.
     yang dibuat.


4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                           4.   CRITICAL ACCOUNTING              ESTIMATES        AND
                                                                           JUDGMENTS

     Pertimbangan                                                          Judgments

     Dalam proses penerapan kebijakan akuntansi Grup,                      In the process of applying the Group’s accounting
     manajemen telah membuat keputusan berikut, yang                       policies, management has made the following
     memiliki pengaruh paling signifikan terhadap jumlah                   judgments, which have the most significant effect on
     yang diakui dalam laporan keuangan konsolidasian:                     the amounts recognized in the consolidated financial
                                                                           statements:

     Menentukan klasifikasi aset dan liabilitas keuangan                   Determining classification of financial assets and
                                                                           financial liabilities

     Grup menetapkan klasifikasi atas aset dan liabilitas                  The Group determines the classifications of certain
     tertentu sebagai aset keuangan dan liabilitas                         assets and liabilities as financial assets and financial
     keuangan dengan mempertimbangkan bila definisi                        liabilities by judging if they meet the definition set
     yang ditetapkan PSAK 109 dipenuhi. Dengan                             forth in PSAK 109. Accordingly, the financial assets
     demikian, aset keuangan dan liabilitas keuangan                       and financial liabilities are accounted for in
     diakui sesuai dengan kebijakan akuntansi Grup                         accordance with the Group’s accounting policies
     seperti diungkapkan pada Catatan 3i.                                  disclosed in Note 3i.




                                                                 44
Page 332
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                         4.   CRITICAL ACCOUNTING              ESTIMATES       AND
     (Lanjutan)                                                          JUDGMENTS (Continued)

     Menentukan penyisihan kerugian kredit ekspektasian                  Determining provision for expected credit losses of
     atas piutang usaha                                                  trade receivables

     Grup menggunakan matriks provisi untuk menghitung                   The Group uses a provision matrix to calculate
     kerugian kredit ekspektasian untuk piutang. Tingkat                 expected credit losses for receivables. The level of
     provisi didasarkan pada piutang yang telah jatuh                    provision rates are based on receivables that are
     tempo dengan pengelompokan berbagai segmen                          past due with      grouping of various customer
     pelanggan yang memiliki pola yang sama (seperti:                    segments that have the same pattern (such as:
     letak geografis, jenis produk serta jenis dan peringkat             geographic location, product type and, type and
     pelanggan).                                                         customer rating).

     Matriks provisi pada awalnya didasarkan pada tingkat                The provision matrix is initially based on historical
     gagal bayar historis yang diobservasi oleh Grup. Grup               default rates observed by the Group. The Group
     menyesuaikan pengalaman kerugian kredit historis                    adjusts its historical credit losses experience with
     dengan informasi masa depan. Misalnya, jika                         future information. For example, if the forecast for
     perkiraan kondisi ekonomi         diperkirakan akan                 economic conditions is expected to deteriorate over
     memburuk selama setahun ke depan yang dapat                         the next year, which could lead to an increase in the
     menyebabkan peningkatan jumlah gagal bayar, Pada                    amount of default, at each reporting date, the
     setiap tanggal pelaporan, tingkat gagal bayar historis              observed historical default rates are updated and
     yang diobservasi diperbarui dan perubahan perkiraan                 changes in future forecasts are analyzed by the
     masa depan dianalisis oleh Grup.                                    Group.

     Jumlah kerugian kredit ekspektasian sensitif terhadap               The amount of expected credit losses is sensitive to
     perubahan keadaan dan perkiraan kondisi ekonomi.                    changes in circumstances and of forecast economic
     Pengalaman kerugian kredit historis Grup dan                        conditions. The Group’s historical credit loss
     perkiraan kondisi ekonomi juga tidak dapat mewakili                 experience and forecast of economic conditions may
     gagal bayar aktual pelanggan di masa depan. Rincian                 also not be representative of customer’s actual
     lebih lanjut diungkapkan di Catatan 7 dan 8.                        default in the future. Further details are disclosed in
                                                                         Notes 7 and 8.

     Menentukan masa sewa kontrak dengan opsi                            Determining the lease term of contracts with renewal
     perpanjangan dan penghentian serta tingkat diskonto                 and termination options, and discount rate when the
     ketika Grup sebagai penyewa                                         Group is the lessee

     Grup menentukan masa sewa sebagai masa sewa                         The Group determines the lease term as the non-
     yang tidak dapat dibatalkan, bersama dengan periode                 cancellable term of the lease, together with any
     apa pun yang dicakup oleh opsi untuk                                periods covered by an option to extend the lease if it
     memperpanjang sewa jika cukup pasti untuk                           is reasonably certain to be exercised, or any periods
     dilaksanakan, atau periode apa pun yang dicakup                     covered by an option to terminate the lease, if it is
     oleh opsi untuk mengakhiri sewa, jika cukup pasti                   reasonably certain not to be exercised.
     untuk tidak dilaksanakan.

     Grup memiliki beberapa kontrak sewa yang                            The Group has several lease contracts that include
     mencakup opsi perpanjangan dan penghentian. Grup                    extension and termination options. The Group
     menerapkan pertimbangan dalam mengevaluasi                          applies judgment in evaluating whether it is
     apakah secara wajar cukup yakin bahwa opsi untuk                    reasonably certain that the option to extend or
     memperpanjang atau mengakhiri sewa akan                             terminate the lease will be exercised.
     dilaksanakan.

     Grup tidak dapat menentukan suku bunga implisit.                    The Group is unable to determine the implicit
     Oleh karena itu, Grup menggunakan suku bunga                        interest rate. Therefore, the Group uses the
     pinjaman inkremental sebagai tingkat diskonto untuk                 incremental borrowing rate as a discount rate to
     menghitung nilai kini pembayaran sewa yang belum                    calculate the present value of the unpaid lease
     dibayar untuk mengakui liabilitas sewa.      Dalam                  payments in order to recognize lease liabilities. In
     menentukan suku bunga pinjaman inkremental, Grup                    determining the incremental borrowing rate, the
     mempertimbangkan faktor-faktor utama antara lain:                   Group considers these main factors, among others:
     suku bunga pinjaman Grup, jangka waktu sewa,                        the Group's loan interest rates, lease term, lease
     pembayaran sewa, dan mata uang dimana                               payments, and the currency in which the lease
     pembayaran sewa ditentukan.                                         payments are determined.

                                                               45
Page 333
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                       4.   CRITICAL ACCOUNTING              ESTIMATES       AND
     (Lanjutan)                                                        JUDGMENTS (Continued)

     Penentuan mata uang fungsional                                    Determination of functional currency

     Mata uang fungsional Grup merupakan mata uang                     The functional currencies of the Group are the
     dalam lingkungan ekonomi primer di mana entitas                   currency of the primary economic environment in
     beroperasi. Mata uang tersebut adalah mata uang                   which each entity operates. It is the currency that
     yang paling memengaruhi pendapatan dan beban                      mainly influences the revenue and cost of revenues.
     pokok     pendapatan.    Berdasarkan    penilaian                 Based on the Group’s management assessment,
     manajemen Grup, mata uang fungsional Grup adalah                  the Group’s functional currency is Rupiah.
     Rupiah.

     Kelangsungan Usaha                                                Going concern

     Manajemen Grup telah melakukan penilaian terhadap                 The Group’s management has made an assessment
     kemampuan        Grup     untuk   mempertahankan                  of the Group’s ability to continue as a going concern
     kelangsungan usaha dan menilai keyakinan bahwa                    and is satisfied that the Group has the resources to
     Grup memiliki sumber daya untuk melanjutkan bisnis                continue in business for the foreseeable future.
     di masa mendatang. Meskipun, manajemen menilai                    Although the management is aware of any material
     ketidakpastian material yang dapat menimbulkan                    uncertainties that may cast significant doubt upon
     keraguan signifikan terhadap kemampuan Grup untuk                 the Group’s ability to continue as a going concern,
     mempertahankan kelangsungan usahanya, laporan                     the consolidated financial statements continue to be
     keuangan konsolidasian tetap disusun atas basis                   prepared on the going concern basis. Further details
     kelangsungan usaha. Penjelasan lebih lanjut                       are disclosed in Note 46.
     diungkapkan dalam Catatan 46.

     Komitmen sewa operasi - Grup sebagai lessor                       Operating lease commitments - Group as lessor

     Grup telah mengadakan perjanjian sewa properti                    The Group has entered into commercial property
     komersial dalam portofolio properti investasi. Grup               leases on its investment property portfolio. The
     telah menentukan berdasarkan evaluasi dari                        Group has determined, based on an evaluation of
     persyaratan dan kondisi perjanjian, bahwa Grup                    the terms and conditions of the arrangements, that it
     mempertahankan semua resiko dan manfaat                           retains all the significant risks and rewards of
     signifikan dari kepemilikan properti ini dan mengakui             ownership of these properties and accounts for the
     kontrak tersebut sebagai sewa operasi.                            contract as operating leases.

     Cadangan kerugian penurunan nilai persediaan                      Allowance for decline in value of inventories

     Penyisihan penurunan nilai pasar dan keusangan                    Allowance for decline in market value and
     persediaan diestimasi berdasarkan fakta dan situasi               obsolescence in inventories is estimated based on
     yang tersedia, termasuk namun tidak terbatas                      available facts and circumstances, including but not
     kepada, kondisi fisik persediaan yang dimiliki, harga             limited to, the inventories’ own physical conditions,
     jual pasar, estimasi biaya penyelesaian dan estimasi              its market selling prices, estimated costs of
     biaya yang timbul untuk penjualan. Provisi dievaluasi             completion and estimated costs incurred for sales.
     kembali dan disesuaikan jika terdapat tambahan                    The provisions are re-evaluated and adjusted if
     informasi yang memengaruhi jumlah yang diestimasi.                additional information received affects the estimated
     Nilai tercatat persediaan Grup diungkapkan dalam                  amounts. The carrying amounts of the Group’s
     Catatan 9.                                                        inventories are disclosed in Note 9.

     Mengevaluasi provisi dan kontinjensi                              Evaluating provisions and contingencies

     Grup melakukan pertimbangan untuk membedakan                      The Group exercises its judgment to distinguish
     antara provisi dan kontinjensi serta mempersiapkan                between provisions and contingencies and sets up
     provisi yang sesuai untuk proses hukum atau                       appropriate provisions for its legal or constructive
     kewajiban konstruktif, jika ada, sesuai dengan                    obligations, if any, in accordance with its policies on
     kebijakan provisinya dan mempertimbangkan risiko                  provisions and takes the relevant risks and
     dan ketidakpastian yang relevan. Penjelasan lebih                 uncertainty into account. Further details are
     rinci diungkapkan dalam Catatan 23 dan 47.                        disclosed in Notes 23 and 47.




                                                             46
Page 334
PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                            DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                          4.   CRITICAL ACCOUNTING              ESTIMATES       AND
     (Lanjutan)                                                           JUDGMENTS (Continued)

     Estimasi dan Asumsi                                                  Estimation and Assumptions

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

     Imbalan kerja karyawan                                               Employee benefits

     Penentuan utang dan biaya pensiun dan liabilitas                     The determination of the Group’s obligations and
     imbalan kerja Grup bergantung pada pemilihan                         cost for pension and employee benefits liabilities is
     asumsi yang digunakan oleh aktuaris independen                       dependent on its selection of certain assumptions
     dalam menghitung jumlah-jumlah tersebut. Asumsi                      used by the independent actuaries in calculating
     tersebut termasuk antara lain, tingkat diskonto, tingkat             such amounts. Those assumptions include among
     kenaikan gaji tahunan, tingkat pengunduran diri                      others, discount rates, future annual salary
     karyawan tahunan, tingkat kecacatan, umur pensiun                    increases, annual employee turn-over rate, disability
     dan tingkat kematian. Hasil aktual yang berbeda dari                 rate, retirement age and mortality rate. Actual results
     asumsi yang ditetapkan Grup diakui segera pada                       that differ from the Group’s assumptions are
     laporan posisi keuangan konsolidasian dengan debit                   recognized immediately in the consolidated
     atau kredit ke saldo laba melalui penghasilan                        statement of financial position with a corresponding
     komprehensif lainnya dalam tahun terjadinya.                         debit or credit to retained earnings through other
     Sementara Grup berkeyakinan bahwa asumsi                             comprehensive income in the year in which they
     tersebut adalah wajar dan sesuai, perbedaan                          occur. While the Group believes that its assumptions
     signifikan pada hasil aktual atau perubahan signifikan               are reasonable and appropriate, significant
     dalam asumsi yang ditetapkan Grup dapat                              differences in the Group’s actual experiences or
     memengaruhi secara material liabilitas diestimasi atas               significant changes in the Group’s assumptions may
     pensiun dan imbalan kerja dan beban imbalan kerja                    materially affect its estimated liabilities for pension
     neto. Penjelasan lebih rinci diungkapkan dalam                       and employee benefits and net employee benefits
     Catatan 37.                                                          expense. Further details are disclosed in Note 37.

     Penyusutan aset tetap dan properti investasi                         Depreciation   of   fixed   assets   and   investment
                                                                          properties

     Biaya perolehan aset tetap disusutkan dengan                         The costs of fixed assets are depreciated on a
     menggunakan metode garis lurus berdasarkan                           straight-line basis over their estimated useful life.
     taksiran masa manfaat ekonomisnya. Manajemen                         Management estimated the useful life of these fixed
     mengestimasi masa manfaat ekonomis aset tetap                        assets to be within 3 to 50 years, wherein the costs
     antara 3 sampai dengan 50 tahun, sedangkan biaya                     of buildings under build, operate and transfer
     perolehan atas bangunan dalam rangka bangun,                         arrangements are depreciated using the straight-line
     kelola dan alih disusutkan dengan menggunakan                        method over the term of the build, operate and
     metode garis lurus selama jangka waktu perjanjian                    transfer arrangements within 20 to 30 years based
     bangun, kelola dan alih antara 20 sampai dengan                      on the operate and transfer agreements. These are
     30 tahun. Ini adalah umur yang secara umum                           common life expectancies adopted in the industries
     diharapkan dalam industri di mana Grup menjalankan                   where the Group conducts their businesses.
     bisnisnya. Perubahan tingkat pemakaian dan                           Changes in the expected level of usage and
     perkembangan teknologi dapat memengaruhi masa                        technological development could impact the
     manfaat ekonomis dan nilai sisa aset, dan karenanya                  economic useful life and the residual values of these
     biaya penyusutan masa depan mungkin direvisi.                        assets, and therefore future depreciation charges
     Penjelasan lebih rinci diungkapkan dalam Catatan 16.                 could be revised. Further details are disclosed in
                                                                          Note 16.




                                                                47
Page 335
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                        4.   CRITICAL ACCOUNTING              ESTIMATES        AND
     (Lanjutan)                                                         JUDGMENTS (Continued)

     Biaya perolehan properti investasi disusutkan dengan               The costs of investment properties are depreciated
     menggunakan metode garis lurus berdasarkan                         on a straight-line basis over their estimated useful
     taksiran masa manfaat ekonomisnya. Manajemen                       life. Management estimated the useful life of these
     mengestimasi masa manfaat ekonomis properti                        investment properties to be within 20 to 50 years.
     investasi antara 20 sampai dengan 50 tahun. Ini                    These are common life expectancies applied in the
     adalah umur yang secara umum diharapkan dalam                      industries where the Group conducts their
     industri dimana Grup menjalankan bisnisnya.                        businesses. Changes in the expected level of usage
     Perubahan tingkat pemakaian dan perkembangan                       and technological development could impact the
     teknologi dapat memengaruhi masa manfaat                           economic useful lives and the residual values of
     ekonomis dan nilai sisa aset, dan karenanya biaya                  these assets, and therefore future depreciation
     penyusutan masa depan mungkin direvisi. Penjelasan                 charges could be revised. Further details are
     lebih rinci diungkapkan dalam Catatan 15.                          disclosed in Note 15.

     Menentukan nilai wajar dan perhitungan biaya                       Determining fair value and calculation of cost
     perolehan diamortisasi dari instrumen keuangan                     amortization of financial instruments

     Grup mencatat aset dan liabilitas keuangan tertentu                The Group records certain financial assets and
     pada nilai wajar dan pada biaya perolehan                          liabilities at fair values and at amortized costs, which
     diamortisasi, yang mengharuskan penggunaan                         require the use of accounting estimates. While
     estimasi akuntansi. Sementara komponen signifikan                  significant components of fair value measurement
     atas pengukuran nilai wajar dan asumsi yang                        and assumptions used in the calculation of cost
     digunakan dalam perhitungan biaya perolehan                        amortization are determined using verifiable
     diamortisasi ditentukan menggunakan bukti objektif                 objective evidence, the fair value or amortization
     yang dapat diverifikasi, jumlah nilai wajar atau                   amount would differ if the Group utilized different
     amortisasi dapat berbeda bila Grup menggunakan                     valuation methodologies or assumptions. Such
     metodologi-metodologi penilaian atau asumsi yang                   changes would directly affect the Group’s profit or
     berbeda. Perubahan tersebut dapat memengaruhi                      loss. Further details are disclosed in Note 45.
     secara langsung laba rugi Grup. Penjelasan lebih rinci
     diungkapkan dalam Catatan 45.

     Pajak penghasilan                                                  Income tax

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

     Aset pajak tangguhan                                               Deferred tax assets

     Aset pajak tangguhan diakui atas seluruh rugi fiskal               Deferred tax assets are recognized for all unused
     yang      belum    digunakan    sepanjang     besar                tax losses to the extent that it is probable that
     kemungkinannya bahwa penghasilan kena pajak                        taxable profit will be available against which the
     akan tersedia sehingga rugi fiskal tersebut dapat                  losses can be utilized. Significant management
     digunakan. Estimasi signifikan oleh manajemen                      estimates are required to determine the amount of
     disyaratkan dalam menentukan jumlah aset pajak                     deferred tax assets that can be recognized, based
     tangguhan yang dapat diakui, berdasarkan saat                      upon the likely timing and the level of future taxable
     penggunaan dan tingkat penghasilan kena pajak dan                  profits together with future tax planning strategies.
     strategi perencanaan pajak masa depan.




                                                              48
Page 336
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                         4.   CRITICAL ACCOUNTING              ESTIMATES        AND
     (Lanjutan)                                                          JUDGMENTS (Continued)

     Penurunan nilai aset nonkeuangan                                    Impairment of non-financial assets

     Penurunan nilai timbul saat nilai tercatat aset atau                An impairment exists when the carrying value of an
     Unit Penghasil Kas (CGU) melebihi jumlah                            asset or Cash Generating Unit (CGU) exceeds its
     terpulihkan, yang lebih besar antara nilai wajar                    recoverable amount, which is the higher of its fair
     dikurangi biaya untuk menjual dan nilai pakainya.                   value less costs to sell and its value in use. The fair
     Nilai wajar dikurangi biaya untuk menjual didasarkan                value less costs to sell calculation is based on
     pada ketersediaan data dari perjanjian penjualan                    available data from binding sales transactions in an
     yang mengikat yang dibuat dalam transaksi normal                    arm’s length transaction of similar assets or
     atas aset serupa atau harga pasar yang dapat diamati                observable market prices less incremental costs for
     dikurangi dengan biaya tambahan yang dapat                          disposing of the asset. The value in use calculation
     diatribusikan dengan pelepasan aset. Perhitungan                    is based on a discounted cash flow model. The
     nilai pakai didasarkan pada model arus kas yang                     future cash flow projection is for a period of ten
     didiskontokan. Arus kas diproyeksikan untuk sepuluh                 years and does not include restructuring activities
     tahun ke depan dan tidak termasuk aktivitas                         that the Group is not yet committed to or significant
     restrukturisasi yang belum ada perikatannya atau                    future investments that will enhance the asset’s
     investasi signifikan di masa depan yang akan                        performance of the CGU being tested. The
     meningkatkan kinerja dari CGU yang diuji. Jumlah                    recoverable amount is most sensitive to the discount
     terpulihkan paling sensitif terhadap tingkat diskonto               rate used for the discounted cash flow model as well
     yang digunakan untuk model arus kas yang                            as the expected future cash inflows and the growth
     didiskontokan seperti halnya dengan arus kas masuk                  rate used for extrapolation purposes.
     masa depan yang diharapkan dan tingkat
     pertumbuhan      yang    digunakan     untuk   tujuan
     ekstrapolasi.

     Ketidakpastian kewajiban perpajakan                                 Uncertainty of tax liabilities

     Dalam situasi tertentu, Grup tidak dapat menentukan                 In certain circumstances, the Group may not be able
     secara pasti jumlah liabilitas pajak mereka pada saat               to determine the exact amount of their current or
     ini atau masa depan karena proses pemeriksaan,                      future tax liabilities due to ongoing investigations by,
     atau     validasi   dengan      otoritas  perpajakan.               or negotiations with, the taxation authority.
     Ketidakpastian timbul terkait dengan interpretasi dari              Uncertainties exist with respect to the interpretation
     peraturan perpajakan yang kompleks dan jumlah                       of complex tax regulations and the amount and
     serta waktu dari penghasilan kena pajak di masa                     timing of future taxable income. In determining the
     depan. Dalam menentukan jumlah yang harus diakui                    amount to be recognized in respect of an uncertain
     terkait dengan liabilitas pajak yang tidak pasti, Grup              tax liability, the Group applies similar considerations
     menerapkan pertimbangan yang sama yang akan                         as they would use in determining the amount of a
     mereka gunakan dalam menentukan jumlah                              provision to be recognized in accordance with PSAK
     penyisihan yang harus diakui sesuai dengan PSAK                     237, “Provisions, Contingent Liabilities and
     237, “Provisi, Liabilitas Kontinjensi, dan Aset                     Contingent Assets”.
     Kontinjensi”.

     Grup membuat analisis untuk semua posisi pajak                      The Group makes an analysis of all tax positions
     terkait dengan pajak penghasilan untuk menentukan                   related to income taxes to determine if a tax liability
     jika terdapat liabilitas pajak yang harus diakui. Bunga             for unrecognized tax benefits should be recognized.
     dan denda untuk kekurangan pembayaran pajak                         Interest and penalties for the underpayment of
     penghasilan, jika ada, disajikan sebagai penghasilan                income tax, if any, are presented under other income
     (beban) lain-lain dalam laporan laba rugi dan                       (expenses) in the consolidated statement of profit or
     pendapatan komprehensif lain konsolidasian.                         loss and other comprehensive income.




                                                               49
Page 337
PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

5.   PENGAMBILALIHAN ENTITAS ANAK                               5.   ACQUISITION OF A SUBSIDIARY

     Berdasarkan Pernyataan Keputusan Pemegang                       Based on the Shareholders' Decision Statement, in
     Saham yang dinyatakan dalam Akta Notaris No. 74                 Notarial Deed No. 74 of Umi Chalsum S.H., M.Kn.,
     oleh   Umi    Chalsum    S.H.,  M.Kn.,    tanggal               dated December 16, 2024, the shareholders
     16 Desember 2024, para pemegang saham                           approved the takeover of PT Graha Istana Nirwana
     menyetujui pengambilalihan PT Graha Istana                      (GIN) through the conversion of a receivable from
     Nirwana (GIN) melalui konversi piutang dari                     PT Mutiara Masyhur Sejahtera (MMS), a Subsidiary,
     PT Mutiara Masyhur Sejahtera (MMS), Entitas Anak,               amounting to Rp93.69 billion into an investment in
     sebesar Rp93,69 miliar menjadi investasi dalam                  new shares of GIN, totaling 637,000 shares or 100%
     saham baru di GIN sebanyak 637.000 lembar saham                 ownership.
     atau 100% kepemilikan.

     Nilai wajar aset dan liabilitas GIN yang dapat                  The fair values of the identifiable assets and liabilities
     diidentifikasi pada tanggal pengambilalihan adalah              of GIN at the date of acquisition is as follow:
     sebagai berikut:

                                                          2024
     Biaya pengambilalihan                                     93.685                                   Cost of acquisition
     Nilai wajar dari aset yang dapat
     diidentifikasi                                                                      Fair value of identifiable assets
     Kas dan setara kas                                      2.920                             Cash and cash equivalents
     Piutang usaha                                             491                                       Trade receivables
     Aset tetap                                            118.848                                            Fixed assets
     Aset lain-lain                                            815                                            Other assets
     Total aset                                            123.074                                               Total assets
     Nilai wajar dari liabilitas yang
     dapat diidentifikasi                                                             Fair value of identifiable liabilities
     Utang bank jangka panjang                                 36.993                                Long-term bank loans
     Utang usaha                                                  853                                      Trade payables
     Liabilitas lain-lain                                       5.140                                       Other liabilties
     Total liabilitas                                          42.986                                          Total liabilities
     Total nilai wajar dari aset neto yang
        dapat diidentifikasi                                   80.088             Total fair value of identifiable net assets
     Goodwill                                                  13.597                                               Goodwill

     Selisih lebih harga perolehan terhadap nilai wajar              The excess of acquisition cost over the fair value of
     atas     pengambilalihan     GIN adalah   sebesar               the takeover of GIN amounting to Rp13.28 billion is
     Rp13,28 miliar disajikan sebagai penambah tanah                 presented as an addition to fixed asset, which is an
     untuk aset tetap yang merupakan aset yang dapat                 identifiable asset (Note 16).
     diidentifikasi (Catatan 16).




                                                          50
Page 338
PT BAKRIELAND DEVELOPMENT Tbk                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                  DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan         (Expressed in millions of Rupiah, unless otherwise
lain)                                                      stated)

6.   KAS DAN SETARA KAS                                     6.   CASH AND CASH EQUIVALENTS

                                            2024                 2023
     Kas                                                                                         Cash on hand
     Rupiah                                      892                1.382                              Rupiah
     Kas di bank                                                                                  Cash in banks
        Dalam Rupiah                                                                               In Rupiah
        PT Bank Rakyat Indonesia                                                   PT Bank Rakyat Indonesia
            (Persero) Tbk                     19.670               23.766                   (Persero) Tbk
        PT Bank Negara Indonesia                                                  PT Bank Negara Indonesia
            (Persero) Tbk                     15.611                7.483                   (Persero) Tbk
        PT Bank Mandiri                                                                      PT Bank Mandiri
            (Persero) Tbk                     13.971               17.087                   (Persero) Tbk
        PT Bank Central Asia Tbk              12.482                8.589           PT Bank Central Asia Tbk
        PT Bank DKI Syariah                    7.274                1.423               PT Bank DKI Syariah
        PT Bank Tabungan                                                                  PT Bank Tabungan
            Negara (Persero) Tbk               3.319                2.134           Negara (Persero) Tbk
        PT Bank Perkreditan Rakyat                                               PT Bank Perkreditan Rakyat
            Delta Artha (Perseroda)            2.278                    -         Delta Artha (Perseroda)

        PT Bank KB Bukopin Tbk                 1.196                  162           PT Bank KB Bukopin Tbk
        PT Bank Permata Tbk                      441                1.030              PT Bank Permata Tbk
        Lain-lain (masing-masing                                                         Others (each below
            di bawah Rp1 miliar)               1.885                2.022                  of Rp1 billion)
        Subtotal                              78.127               63.696                          Subtotal
        Dalam Dolar Amerika Serikat                                                            In US Dollar
        PT Bank Rakyat Indonesia                                                  PT Bank Rakyat Indonesia
            (Persero) Tbk                            37              400                  (Persero) Tbk
        Lain-lain (masing-masing                                                        Others (each below
            di bawah Rp100 juta)                 125                 382               of Rp100 million)
        Subtotal                                 162                 782                           Subtotal
        Total kas di bank                     78.289               64.478                Total cash in banks
     Setara Kas                                                                                Cash Equivalents
     Deposito berjangka                                                                           Time deposits
        Dalam Rupiah                                                                               In Rupiah
        PT Bank Mandiri                                                                      PT Bank Mandiri
            (Persero) Tbk                     14.500                1.700                   (Persero) Tbk
        PT Bank Tabungan                                                                  PT Bank Tabungan
             Negara (Persero) Tbk             10.211               10.000          Negara (Persero) Tbk
        PT Bank Rakyat Indonesia                                                  PT Bank Rakyat Indonesia
             (Persero) Tbk                     6.500               31.200                   (Persero) Tbk
        PT Bank Perkreditan Rakyat                                               PT Bank Perkreditan Rakyat
             Delta Artha (Perseroda)           2.000                    -         Delta Artha (Perseroda)
        PT Bank Bukopin Tbk                    1.200                    -               PT Bank Bukopin Tbk
        PT Bank KB Bukopin                                                               PT Bank KB Bukopin
             Syariah                                  -            15.000                         Syariah
        PT Bank Permata Tbk                           -            10.000              PT Bank Permata Tbk
        Total deposito berjangka              34.411               67.900                Total time deposits
     Total                                   113.592              133.760                                 Total




                                                      51
Page 339
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

6.   KAS DAN SETARA KAS (Lanjutan)                                6.   CASH AND CASH EQUIVALENTS (Continued)

     Pada tanggal 31 Desember 2024 dan 2023, kisaran                   As of December 31, 2024 and 2023, the range of
     tingkat suku bunga tahunan untuk deposito berjangka               annual interest rates for time deposits in Rupiah is
     dalam Rupiah adalah masing-masing antara 1,50%                    between 1.50% to 6% and 3.26% to 6%,
     sampai dengan 6% dan 3,26% sampai dengan 6%.                      respectively.

     Semua kas di bank ditempatkan pada bank pihak                     All cash in banks is placed with the third party
     ketiga.                                                           banks.


7.   PIUTANG USAHA                                               7.    TRADE RECEIVABLES

                                                 2024                  2023
     Pihak ketiga                                                                                               Third parties
        Penyewaan dan pengelolaan                                                           Tenants and management
            ruang perkantoran                    202.152                185.139                     of office spaces
        Penjualan tanah, rumah                                                            Sales of land, residential and
            dan apartemen                         84.342                102.015                            apartment
        Penyewa ruang, lapangan                                                                Tenants of room, courts
            dan iuran keanggotaan                 31.724                 30.819              and membership fees
        Penyewa ruang                                                                                  Tenants of units
            apartemen                             24.365                 25.303                        of apartment
        Hotel                                     16.503                 21.346                                    Hotel
        Penjualan unit perkantoran                15.354                 16.633                      Sales of office unit
         Total pihak ketiga                      374.440                381.255                      Total third parties
         Dikurangi cadangan kerugian                                                     Less allowance for impairment
            penurunan nilai                       98.107                 99.857                              losses
     Pihak ketiga - neto                         276.333                281.398                           Third parties - net

     Pihak berelasi (Catatan 38a)                                                               Related parties (Note 38a)
        Penyewaan dan pengelolaan                                                           Tenants and management
            ruang perkantoran                    117.057                107.542                     of office spaces
        Penjualan tanah, rumah                                                            Sales of land, residential and
            dan apartemen                         11.424                 17.508                            apartment
        Penjualan unit perkantoran                 5.883                  5.883                      Sales of office unit
        Penyewa ruang, lapangan dan                                                            Tenants of room, courts
            iuran keanggotaan                       2.298                 3.775              and membership fees
     Total pihak berelasi                        136.662                134.708                        Total related parties
     Dikurangi cadangan kerugian                                                             Less allowance for impairment
        penurunan nilai                           80.531                 82.742                                  losses
     Pihak berelasi - neto                        56.131                 51.966                        Related parties - net
     Total                                       332.464                333.364                                        Total


     Seluruh piutang usaha Grup dalam denominasi mata                  All trade receivables of the Group are denominated
     uang Rupiah.                                                      in Rupiah currency.

     Pada tanggal 31 Desember 2024 dan 2023,                           As of December 31, 2024 and 2023 trade
     piutang usaha PT Graha Multi Insani dan                           receivables of PT Graha Multi Insani and
     PT Bumi Daya Makmur, Entitas Anak digunakan                       PT Bumi Daya Makmur, Subsidiaries are pledged as
     sebagai jaminan atas pinjaman yang diperoleh dari                 collateral  for  a    loan     obtained     from
     PT Bank    Tabungan     Negara   (Persero)   Tbk                  PT Bank Tabungan Negara (Persero) Tbk
     (Catatan 27b).                                                    (Note 27b).




                                                            52
Page 340
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

7.   PIUTANG USAHA (Lanjutan)                                   7.   TRADE RECEIVABLES (Continued)

     Pada      tanggal     31      Desember        2023,             As of December 31, 2023 trade receivables of
     piutang usaha PT Provices Indonesia, Entitas Anak,              PT Provices Indonesia, a Subsidiary, are pledged as
     digunakan sebagai jaminan atas fasilitas pembiayaan             collateral for a facility obtained from PT Alami Fintek
     yang diperoleh dari PT Alami Fintek Sharia                      Sharia (Note 20c).
     (Catatan 20c).

     Pada tahun 2024 dan 2023, PT Graha Andrasentra                  In 2024 and 2023, PT Graha Andrasentra
     Propertindo Tbk dan PT Mutiara Masyhur Sejahtera,               Propertindo Tbk and PT Mutiara Mahsyur Sejahtera,
     Entitas Anak, melakukan pembatalan atas penjualan               Subsidiaries, were conducting cancellation of unit
     unit kepada pelanggan dan mencatat kerugian atas                sales to customers and recorded losses on
     pembatalan     tersebut   masing-masing  sebesar                cancellations amounting to Rp356.94 million and
     Rp356,94 juta dan Rp3,35 miliar pada akun “Rugi                 Rp3.35 billion, respectively, under “Loss on Unit
     atas Pembatalan Penjualan Unit Apartemen dan                    Cancellation of Sales of Apartments and
     Rumah” dalam laporan laba rugi dan penghasilan                  Residences” account in the consolidated statement
     komprehensif lain konsolidasian.                                of profit and loss and other comprehensive income.

     Rincian piutang usaha berdasarkan umur piutang                  The summary of aging schedule of trade receivables
     adalah sebagai berikut:                                         is as follows:

                                                  2024               2023
     Sampai dengan 60 hari                         44.753              39.141                               Up to 60 days
     61 hari sampai 90 hari                        11.524              11.056                          61 days to 90 days
     Lebih dari 90 hari                           454.825             465.766                          More than 90 days
     Total                                        511.102             515.963                                      Total
     Dikurangi cadangan kerugian                                                                     Less allowance for
        penurunan nilai                           178.638             182.599                      impairment losses
     Neto                                         332.464             333.364                                          Net

     Mutasi atas cadangan penurunan nilai piutang usaha              The changes in the allowance for impairment losses
     adalah sebagai berikut:                                         of trade receivables are as follows:

                                                  2024               2023
     Saldo awal tahun                             182.599             175.319              Beginning balance of the year
     Penambahan penyisihan                                                                          Addition of provision
        (Catatan 34b)                                6.933             12.098                             (Note 34b)
     Pemulihan penyisihan                                                                          Reversal of provision
        (Catatan 36)                               (10.890)            (4.639)                             (Note 36)
     Reklasifikasi                                      (4)              (179)                          Reclassification
     Saldo akhir tahun                            178.638             182.599               Ending balance of the year


     Grup menerapkan simplifikasi kerugian ekspektasian              The Group applies simplified lifetime expected credit
     sepanjang umurnya untuk piutang usaha. Untuk                    loss for trade receivables. To measure the expected
     mengukur kerugian kredit ekspektasian, piutang                  credit losses, trade receivables have been grouped
     usaha telah dikelompokkan berdasarkan karakteristik             based on similar credit risk characteristics and days
     risiko kredit dan waktu jatuh tempo yang serupa.                past due.


     Seluruh piutang usaha Grup dalam denominasi mata                All of the Group’s trade receivables               are
     uang Rupiah.                                                    denominated in Rupiah currency.

     Manajemen Grup berkeyakinan bahwa cadangan                      The Group’s management believes that the
     kerugian penurunan nilai piutang usaha telah                    allowance for impairment losses of trade receivables
     memadai     untuk     menutup  kerugian  kredit                 is adequate to cover expected credit losses based
     ekspektasian berdasarkan hasil penelaahan atas                  on the review of the status of the receivables at the
     piutang pada akhir tahun.                                       end of the year.

                                                           53
Page 341
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

8.   PIUTANG LAIN-LAIN                                           8.   OTHER RECEIVABLES

     a. Piutang lain-lain Jangka Pendek                               a. Short-term Other Receivables

                                                   2024               2023
     Pihak ketiga                                                                                              Third parties
        PT First Financo                              9.511             13.145                       PT First Financo
        PT DMS Investama                              6.053              6.053                    PT DMS Investama
        PT Andika Multi Karya                         5.569              5.569                  PT Andika Multi Karya
        PT Gili Tirta Anugerah                            -            787.794                  PT Gili Tirta Anugerah
        PT Brawijaya Agung Lestari                        -             11.040             PT Brawijaya Agung Lestari
        Lain-lain (masing-masing                                                                  Others (each below
            di bawah Rp5 miliar)                    12.484              15.686                      of Rp5 billion)
     Total pihak ketiga                             33.617             839.287                           Total third parties
     Dikurangi cadangan
        kerugian penurunan                                                                              Less allowance for
        nilai                                         3.272              9.573                       impairment losses
     Pihak ketiga - neto                            30.345             829.714                           Third parties - net

     Pihak berelasi (Catatan 38b)                                                              Related parties (Note 38b)
        PT Persija Jaya Jakarta                       4.700                   -               PT Persija Jaya Jakarta
        PT Persija Jakarta Property                   3.500                   -            PT Persija Jakarta Property
        PT Persija Jakarta Hebat                      3.000                   -              PT Persija Jakarta Hebat
        PT Petrocom Nuansa                                                                      PT Petrocom Nuansa
            Nusantara                                 2.673              2.673                          Nusantara
     Total pihak berelasi                           13.873               2.673                         Total related parties
     Dikurangi cadangan
        kerugian penurunan                                                                              Less allowance for
        nilai                                         2.843              2.673                       impairment losses
     Pihak berelasi - neto                          11.030                    -                        Related parties - net

     Total                                          41.375             829.714                                        Total

     Piutang pada PT Gili Tirta Anugerah (GTA)                        Receivables from PT Gili Tirta Anugerah (GTA) are
     merupakan piutang atas pengalihan 480 juta saham                 receivables from the transfer of 480 million shares
     milik PT Graha Andrasentra Propertindo Tbk (GAP),                owned by PT Graha Andrasentra Propertindo Tbk
     Entitas Anak, dalam PT Bukit Jonggol Asri                        (GAP), a Subsidiary, in PT Bukit Jonggol Asri
     (Catatan 43e).                                                   (Note 43e).

     Pada     tanggal   13   Desember      2024,    GAP               On December 13, 2024, GAP entered into an
     menandatangani Perjanjian Rencana Investasi                      Investment Plan Agreement with GTA. Therefore, as
     dengan GTA. Oleh karena itu, pada tanggal                        of December 31, 2024, GAP reclassified the
     31 Desember 2024, GAP mengklasifikasikan kembali                 receivable from GTA from current assets to non-
     piutang dari GTA dari aset lancar menjadi aset tidak             current assets (Note 43e).
     lancar (Catatan 43e).

     Piutang pada PT First Financo merupakan piutang                  Receivables from PT First Financo are receivables
     atas pengalihan uang muka pembelian tanah                        arising from the transfer of advances for purchase of
     milik GAP (Catatan 43e).                                         land owned by GAP (Note 43e).

     Piutang dari PT Brawijaya Agung Lestari merupakan                The receivable from PT Brawijaya Agung Lestari
     piutang atas pinjaman dana modal kerja. Piutang                  represented receivable from working capital
     tersebut telah dilunasi pada tahun 2024.                         borrowings. This receivable was fully settled in 2024.




                                                            54
Page 342
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

8.   PIUTANG LAIN-LAIN (Lanjutan)                               8.   OTHER RECEIVABLES (Continued)

     b. Piutang Lain-lain Jangka Panjang                             b. Long-term Other Receivables

                                                   2024               2023
        Pihak ketiga                                                                                         Third parties
           PT Gili Tirta Anugerah                   781.314                  -                PT Gili Tirta Anugerah
           PT Halo Wisata Indonesia                   3.326              3.958             PT Halo Wisata Indonesia
           PT Prima Tonggak Inti Gemilang             2.673              1.345       PT Prima Tonggak Inti Gemilang
           PT Excel Properti Manajemen                2.180              3.298         PT Excel Properti Manajemen
           PT Graha Istana Nirwana                        -             88.180              PT Graha Istana Nirwana
           Lain-lain (masing-masing                                                              Others (each below
               di bawah Rp2 miliar)                   1.291              1.035                     of Rp2 billion)
        Total pihak ketiga                          790.784             97.816                          Total third parties
        Dikurangi cadangan
           kerugian penurunan                                                                          Less allowance for
           nilai                                     11.466             15.351                      impairment losses
        Neto                                        779.318             82.465                                         Net


     Pada tahun 2024, piutang lain-lain GTA berkurang                In 2024, GTA's other receivables decreased by
     sebesar Rp6,5 miliar. GAP dan PT Bhakti Cahaya Inti             Rp6.5 billion. GAP and PT Bhakti Cahaya Inti
     Perkasa (BCIP) mengadakan kesepakatan untuk                     Perkasa (BCIP) entered into an agreement to
     mengalihkan piutang GAP kepada BCIP pada tanggal                transfer   GAP's    receivables to  BCIP   on
     25 Juni 2024 (Catatan 43e).                                     June 25, 2024 (Note 43e).

     Piutang dari PT Graha Istana Nirwana (GIN)                      The receivable from PT Graha Istana Nirwana (GIN)
     merupakan piutang atas pinjaman modal kerja dan                 represented receivable from working capital
     pengakhiran KSO MMS - GIN. Pada tahun 2024,                     borrowings and the termination of KSO MMS - GIN.
     piutang ini dilunasi sepenuhnya melalui konversi                In 2024, this receivable was fully settled through its
     menjadi investasi dalam saham GIN.                              conversion into an investment in shares of GIN.

     Mutasi penyisihan atas cadangan penurunan nilai                 The changes in the allowance for impairment losses
     piutang lain-lain jangka pendek dan jangka panjang              of short-term and long-term other receivables are as
     adalah sebagai berikut:                                         follows:

                                                  2024                2023
     Saldo awal tahun                               27.597             27.247               Beginning balance of the year
     Penambahan penyisihan
        (Catatan 36)                                 4.079               1.893             Addition of provision (Note 36)
     Reklasifikasi                                      12                 178                            Reclassification
     Pemulihan penyisihan (Catatan 36)             (14.107)             (1.721)            Reversal of provision (Note 36)
     Saldo akhir tahun                              17.581             27.597                Ending balance of the year


     Seluruh piutang lain-lain Grup dalam denominasi                 All of the Group’s other receivables are denominated
     mata uang Rupiah.                                               in Rupiah currency.

     Manajemen Grup berkeyakinan bahwa cadangan                      The Group’s management believes that the
     kerugian penurunan nilai piutang telah memadai                  allowance for impairment of receivables is adequate
     untuk menutup kerugian kredit ekspektasian                      to cover expected credit losses based on the review
     berdasarkan hasil penelaahan atas piutang pada                  of the status of the receivables at the end of the
     akhir tahun.                                                    year.




                                                           55
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PT BAKRIELAND DEVELOPMENT Tbk                                            PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                           FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                       (Expressed in millions of Rupiah, unless otherwise
lain)                                                                    stated)

9.   PERSEDIAAN                                                          9.   INVENTORIES

                                                           2024                2023
     Rumah, apartemen dan                                                                                        Residential houses,
        ruang perkantoran                                                                              apartment and office space
        dalam penyelesaian:                                                                                   under construction:
        Bangunan*                                          320.898              260.733                                  Building*
        Tanah                                               67.289               53.992                                      Land
     Tanah untuk dijual                                     42.680               42.753                            Land held for sale
     Bangunan siap untuk dijual:                                                                              Building ready-for-sale:
        Apartemen                                           537.336             545.084                                 Apartment
        Rumah                                                47.469              94.518                        Residential house
        Ruang perkantoran                                    21.451              21.450                              Office space
     Hotel:                                                                                                                     Hotel:
        Perlengkapan dan suku cadang                         19.977              17.285                Equipment and spare parts
        Makanan dan minuman                                   1.279               1.842                      Food and beverages
     Total                                               1.058.379            1.037.657                                         Total
     Dikurangi cadangan kerugian
        penurunan nilai                                          917                 791         Less allowance for decline in value
     Neto                                                1.057.462            1.036.866                                           Net

     *Nilai bangunan dalam penyelesaian merupakan nilai bangunan tersendiri tanpa nilai tanah /
      Value of building under construction represents value of building only without value of land .


     Persediaan rumah, apartemen dan ruang perkantoran                        Inventories of residential, apartment and office
     dalam penyelesaian pada tanggal 31 Desember 2024                         spaces under construction as of December 31, 2024
     dan 2023 terutama dari PT Mutiara Masyhur                                and 2023, mainly consisted of PT Mutiara Masyhur
     Sejahtera (MMS), Entitas Anak, atas proyek                               Sejahtera (MMS), a Subsidiary, for the Kahuripan
     Kahuripan Nirwana yang berlokasi di Sidoarjo dan                         Nirwana project located in Sidoarjo and PT Graha
     PT Graha Multi Insani (GMI), Entitas Anak, atas                          Multi Insani (GMI), a Subsidiary, for the Hadiningrat
     proyek Hadiningrat yang berlokasi di Yogyakarta.                         project located in Yogyakarta. This project under the
     Proyek ini dengan nama “Hadiningrat Terrace” sudah                       name “Hadiningrat Terrace” is bound by the Sale
     terikat dengan Perjanjian Pengikatan Jual Beli (PPJB)                    and Purchase Agreement (SPA) of Land and
     Tanah serta proyek Hadiningrat antara GMI dan YPP                        Hadiningrat ‘s project between GMI and PT Yasa
     pada tanggal 25 September 2020. Perjanjian ini telah                     Patria Perkasa (YPP) on September 25, 2020. This
     diubah beberapa kali, dengan perubahan terakhir                          agreement has been amended several times, with
     pada tanggal 20 Desember 2024 untuk jangka waktu                         the latest amendment being on December 20, 2024
     satu (1) tahun (Catatan 43i).                                            for a period of one (1) year Note 43i).

     Bangunan siap dijual berupa apartemen merupakan                          Building ready-for-sale of apartments represent the
     sisa unit dari proyek Apartemen Taman Rasuna dan                         remaining units of Taman Rasuna Apartments and
     the Grove milik BSU, proyek Ocea Condotel milik                          the Grove owned by BSU, units of Ocea Condotel
     BDM dan Aston Condotel milik GAP. Bangunan siap                          owned by BDM and Aston Condotel owned by GAP.
     dijual berupa rumah terdiri dari rumah tinggal dan                       Building ready-for-sale residential and shop houses
     rumah toko terutama dari sisa unit proyek Kahuripan                      mainly represent the remaining units of Kahuripan
     Nirwana milik MMS. Bangunan siap dijual berupa                           Nirwana projects owned by MMS. Building ready-
     ruang perkantoran terutama merupakan sisa unit dari                      for-sale of office space mainly represents the
     proyek Bakrie Tower dan Lifestyle and Entertainment                      remaining of Bakrie Tower and Lifestyle and
     Center milik BSU.                                                        Entertainment Center projects owned by BSU.

     Pada tanggal 31 Desember 2024 dan 2023,                                  As of December 31, 2024 and 2023, the
     reklasifikasi persediaan yang meliputi reklasifikasi ke                  reclassification of inventories which includes
     dan dari akun aset lainnya, seperti aset tetap, uang                     reclassifications to and from other asset accounts,
     muka      pembelian    tanah,  dan      tanah     untuk                  such as fixed assets, advance for purchase of land,
     pengembangan, dikarenakan adanya perubahan                               and land for development, are due to changes in
     intensi manajemen atas penggunaan aset-aset                              management’s intention on the use of these assets.
     tersebut.


                                                                    56
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

9.   PERSEDIAAN (Lanjutan)                                         9.   INVENTORIES (Continued)

     Pada tahun 2024 dan 2023, GAP dan MMS, Entitas                     In 2024 and 2023 GAP and MMS, Subsidiaries,
     Anak melakukan pembatalan atas penjualan unit                      conducted their cancellation of unit sales to
     kepada pelanggan dan mencatat kerugian atas                        customers and recorded losses upon cancellation
     pembatalan tersebut masing - masing sebesar                        amounting to Rp356.94 million and Rp3.35 billion,
     Rp356,94 juta dan Rp3,35 miliar pada akun “Rugi                    respectively, on “Loss on Unit Cancellation of Sales
     atas Pembatalan Penjualan Unit Rumah dan                           of Residential and Apartment” accounts in the
     Apartemen” dalam laporan laba rugi dan penghasilan                 consolidated statements of profit and loss and other
     komprehensif lain konsolidasian.                                   comprehensive income.

     Manajemen Grup mengasuransikan bangunan siap                       The Group’s management insured the ready-for-sale
     untuk dijual terhadap risiko bencana alam dan risiko               buildings against the risks of natural disasters and
     lainnya kepada beberapa perusahaan asuransi pihak                  other risks with several third-party insurance
     ketiga, berdasarkan suatu paket polis dengan jumlah                companies, based on a policy package with a total
     nilai pertanggungan keseluruhan masing-masing                      coverage      amount    of    Rp2.20    trillion and
     sebesar Rp2,20 triliun dan Rp2,65 triliun pada tanggal             Rp2.65 trillion as of December 31, 2024 and 2023
     31 Desember 2024 dan 2023. Manajemen Grup                          respectively. The Group’s Management is confident
     berkeyakinan bahwa nilai pertanggungan tersebut                    that the sums insured were sufficient to cover
     adalah cukup untuk menutup kemungkinan kerugian                    possible losses on the insured assets. As of
     atas aset yang dipertanggungkan. Pada tanggal                      December 31, 2024 and 2023, the inventory of
     31 Desember 2024 dan 2023, persediaan beberapa                     certain Subsidiaries are not insured.
     Entitas Anak tertentu tidak diasuransikan.

     Mutasi  penyisihan      atas   cadangan    kerugian                The changes in the allowance for decline in value of
     penurunan nilai persediaan adalah sebagai berikut:                 inventories are as follows:

                                                     2024                2023
     Saldo awal tahun                                     791               4.099              Beginning balance of the year
     Penambahan penyisihan                                                                             Additions of provision
        (Catatan 36)                                      126             194.455                              (Note 36)
     Penghapusan penyisihan                                 -            (194.455)                    Write-off of provisions
     Pemulihan penyisihan                                                                             Reversal of provisions
        (Catatan 36)                                          -             (3.308)                            (Note 36)
     Saldo akhir tahun                                    917                 791               Ending balance of the year


     Manajemen Grup berkeyakinan bahwa penyisihan                       The Group’s management believes that the
     kerugian penurunan nilai tersebut cukup untuk                      provision for decline in value of inventories is
     menutup kemungkinan kerugian yang timbul.                          adequate to cover possible losses.

     Tidak terdapat bunga pinjaman yang dikapitalisasi                  There is no loan interest capitalized to inventories in
     pada persediaan pada tahun 2024 dan 2023.                          2024 and 2023.

     Pada tanggal 31 Desember 2024 dan 2023,                            As of December 31, 2024 and 2023 inventories of
     persediaan BSU, GAP, GMI, PVI dan BDM dijadikan                    BSU, GAP, GMI, PVI and BDM are pledged as
     agunan atas utang bank yang diperoleh dari                         collateral  for   bank  loans    obtained    from
     PT Bank Mayapada Internasional Tbk (Catatan 19a),                  PT Bank Mayapada Internasional Tbk (Note 19a),
     PT Bank Tabungan Negara (Persero) Tbk (Catatan                     PT Bank      Tabungan   Negara      (Persero) Tbk
     27b), PT Bank KB Bukopin Tbk (Catatan 27c),                        (Note 27b), PT Bank KB Bukopin Tbk (Note 27c),
     PT BPR Intidana Sukses Makmur (Catatan 27f),                       PT BPR Intidana Sukses Makmur (Note 27f),
     PT BPR Hariarta Sedana (Catatan 27g) dan                           PT BPR Hariarta Sedana (Note 27g) and
     PT Bank KB Syariah Bukopin (Catatan 28a).                          PT Bank KB Syariah Bukopin (Note 28a).




                                                              57
Page 345
PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

10. BEBAN DIBAYAR DIMUKA DAN UANG MUKA                        10. PREPAID EXPENSES AND ADVANCES

                                               2024               2023
    Uang muka kepada pemasok                     40.754             63.443                    Advances to suppliers
    Asuransi dibayar di muka                      3.978              5.339                       Prepaid insurance
    Uang muka karyawan                            3.419              8.558                  Advances for employees
    Lain-lain (masing-masing                                                                    Others (each below
        di bawah Rp2 miliar)                     27.548             19.974                        of Rp2 billion)
    Total                                        75.699             97.314                                     Total


   Per 31 Desember 2024 dan 2023, uang muka kepada                As of December 31, 2024 and 2023, advances to
   pemasok terutama merupakan uang muka untuk                     suppliers mainly represents advances for operational
   kegiatan    operasional      seperti    pembangunan            activities such as landed housing development and
   perumahan tapak dan jasa perbaikan. Uang muka                  repair services. Advances of landed housing
   pembangunan perumahan tapak masing-masing                      development amounting to Rp20.56 billion and
   sebesar Rp20,56 miliar dan Rp40,49 miliar pada                 Rp40.49 billion as of December 31, 2024 and 2023,
   tanggal 31 Desember 2024 dan 2023, dimiliki oleh               respectively is owned by PT Mutiara Masyhur
   PT Mutiara Masyhur Sejahtera (MMS), Entitas Anak,              Sejahtera (MMS), a Subsidiary, located in Sidoarjo,
   yang berlokasi di Sidoarjo, Jawa Timur.                        East Java.


11. DANA DALAM PEMBATASAN                                     11. RESTRICTED FUNDS

                                               2024                2023
    Dalam Rupiah:                                                                                         In Rupiah:
       PT Bank Negara Indonesia                                                       PT Bank Negara Indonesia
           (Persero) Tbk                         20.890              20.814                   (Persero) Tbk
       PT Bank KB Bukopin Tbk                    10.398              10.604            PT Bank KB Bukopin Tbk
       PT Bank CIMB Niaga Tbk                     4.240               4.252            PT Bank CIMB Niaga Tbk
       PT Bank Rakyat Indonesia                                                       PT Bank Rakyat Indonesia
           (Persero) Tbk                          4.225               4.271                   (Persero) Tbk
       PT Bank Maybank Indonesia Tbk              2.163               2.163      PT Bank Maybank Indonesia Tbk
       Lain-lain (masing-masing                                                             Others (each below
           di bawah Rp2 miliar)                   1.765               1.964                   of Rp2 billion)
       Subtotal                                  43.681              44.068                              Subtotal
    Dalam Dolar Amerika Serikat:                                                             In United States Dollar:
       PT Bank Rakyat Indonesia                                                        PT Bank Rakyat Indonesia
          (Persero) Tbk                                  -           16.717                    (Persero) Tbk
    Total                                        43.681              60.785                                     Total


   Kisaran nisbah dan tingkat suku bunga tahunan untuk            The range of annual nisbah and interest rates of
   dana dalam pembatasan adalah sebagai berikut:                  restricted funds is as follows:

                                               2024                2023
                                           (Angka Penuh/       (Angka Penuh/
                                            Full Amount )       Full Amount )

    Rupiah                                2,50% - 3,50%        3,00% - 4,25%                                 Rupiah
    Dolar Amerika Serikat                 1,00% - 2,00%        1,60% - 2,00%                     United States Dollar




                                                         58
Page 346
PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

11. DANA DALAM PEMBATASAN (Lanjutan)                          11. RESTRICTED FUNDS (Continued)

   Dana dalam pembatasan terutama merupakan dana                  Restricted funds mainly represent restricted funds on
   dalam pembatasan atas penjualan apartemen,                     the sales of apartments, condominiums and
   kondominium dan rumah melalui Kredit Kepemilikan               residences through the Apartment Loan Program
   Apartemen (KPA) dan Kredit Kepemilikan Rumah                   (KPA) and Housing Loan Program (KPR).
   (KPR).

   Dana dalam pembatasan pada PT Bank Rakyat                      Restricted funds in PT Bank Rakyat Indonesia
   Indonesia (Persero) Tbk (BRI) dalam Dolar Amerika              (Persero) Tbk (BRI) in United States Dollars
   Serikat   merupakan    dana    pembatasan   milik              represent restricted funds owned by the Company
   Perusahaan yang digunakan sebagai jaminan atas                 which are used as collateral for bank loans obtained
   pinjaman bank yang diperoleh BSU, Entitas Anak                 by BSU, a Subsidiary (Note 19c).
   (Catatan 19c).

   Dana dalam pembatasan pada PT Bank KB Bukopin                  Restricted funds in PT Bank KB Bukopin Tbk
   Tbk (Bukopin) terutama merupakan dana pembatasan               (Bukopin) mainly represents restricted funds owned
   milik Perusahaan sebesar Rp10,07 miliar pada                   by the Company amounting to Rp10.07 billion as of
   tanggal 31 Desember 2024 dan 2023, yang                        December 31, 2024 and 2023, which was used as
   digunakan sebagai jaminan atas pinjaman bank yang              collateral for a bank loan obtained by BSU, a
   diperoleh BSU, Entitas Anak (Catatan 19b).                     Subsidiary (Note 19b).


12. PENYERTAAN SAHAM                                          12. INVESTMENT IN SHARES OF STOCK

                               Persentase Kepemilikan/
                              Percentage of Ownership
                            Angka Penuh / Full Amount                  Nilai Tercatat/
                                2024            2023                  Carrying Value
                                 (%)             (%)               2024                2023
    Investasi Entitas                                                                                   Investment in
       Asosiasi                                                                                         Associates
    PT Jungleland Asia            48,56%         48,56%               23.117            41.692      PT Jungleland Asia
    PT Lembu Nusantara                                                                             PT Lembu Nusantara
       Jaya                       51,00%         51,00%               17.064            17.064                 Jaya
    Penyertaan dalam saham
      biasa yang tidak memiliki                                                               Investments in unquoted
         kuotasi pasar                                                                              ordinary shares
      PT Bakrie Nirwana                                                                           PT Bakrie Nirwana
         Semesta                                                     102.073           102.073           Semesta
      PT Jasa Sarana                                                     607            33.245       PT Jasa Sarana

    Subtotal                                                         142.861           194.074                 Subtotal
    Dikurangi penyisihan                                                                             Less allowance for
       penurunan nilai                                                                                impairment on
       atas investasi                                                 17.064            17.064           investment
    Neto                                                             125.797           177.010                     Net


   a. PT Jungleland Asia                                          a. PT Jungleland Asia
      Berdasarkan Akta Notaris No. 2 oleh Elizabeth                  Based     on     Notarial  Deed    No.    2    of
      Karina Leonita, S.H., M.Kn., tanggal 1 Desember                Elizabeth Karina Leonita, S.H., M.Kn., dated
      2022, pemegang saham PT Jungleland Asia (JLA)                  December 1, 2022, the shareholders of
      menyetujui untuk konversi uang muka setoran                    PT Jungleland Asia (JLA) approved the
      modal dari PT Adiprotek Envirodunia sebesar                    conversion of the advances of stock subscription
      Rp251 miliar menjadi 9.653.846.153 saham Seri B                from PT Adiprotek Envirodunia amounted to
      JLA atau setara dengan 51,44% kepemilikan                      Rp251 billion into 9,653,846,153 Series B shares
      saham JLA.                                                     of JLA or equivalent to a 51.44% ownership of
                                                                     shares in JLA.



                                                         59
Page 347
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

12. PENYERTAAN SAHAM (Lanjutan)                                  12. INVESTMENT IN SHARES OF STOCK (Continued)

      Mutasi jumlah tercatat pada investasi entitas JLA                 Movement in the carrying amount of investment
      adalah sebagai berikut:                                           in JLA is as follows:

                                                    2024               2023
      Saldo awal tahun                                41.692             98.848             Balance at beginning of year
      Bagian rugi neto                               (18.542)           (46.035)                        Share in net loss
      Bagian rugi komprehensif lain                      (33)           (11.121)       Share in other comprehensive loss
      Saldo Akhir Tahun                               23.117             41.692                   Balance at End of Year


      Berikut ini adalah ringkasan informasi keuangan                   The following table is the summarized financial
      JLA untuk tahun yang berakhir pada tanggal-                       information of JLA for the years ended
      tanggal 31 Desember 2024 dan 2023:                                December 31, 2024 and 2023:

                                                    2024               2023
      Total Aset                                     710.192            777.856                              Total Assets
      Total Liabilitas                               372.708            402.030                            Total Liabilities
      Total Pendapatan                                36.177             44.743                            Total Revenue
      Rugi Neto                                      (38.183)           (94.799)                                 Net Loss


   b. PT Lembu Nusantara Jaya                                        b. PT Lembu Nusantara Jaya

      Berdasarkan Akta Notaris Paulus Oliver Yoesoef,                   Based on Notarial Deed No. 421 of Paulus Oliver
      S.H., No. 421 tanggal 30 Desember 2014, GAP                       Yoesoef, S.H., dated December 30, 2014, GAP
      memiliki kepemilikan di PT Lembu Nusantara Jaya                   has 20.400 shares or 51% ownership in
      (LNJ) sebanyak 20.400 saham atau 51%.                             PT Lembu Nusantara Jaya (LNJ). Based on the
      Berdasarkan kesepakatan bersama antara                            agreement of shareholders, GAP doesn’t have
      pemegang saham, GAP tidak mengendalikan                           control over the financial and operational aspects
      aspek keuangan dan operasional LNJ.                               of LNJ.

      Grup mencatat penyisihan penurunan nilai penuh                    The Group provided full impairment allowance on
      atas investasinya di LNJ terutama karena kerugian                 its investment in LNJ mainly due to the recurring
      berulang    yang     terjadi   pada   tahun-tahun                 losses incurred in previous years and the
      sebelumnya dan perlambatan ekonomi yang                           economic slowdown which significantly affected
      secara signifikan memengaruhi operasi entitas                     the operation of the associate.
      asosiasi.

   c. PT Bakrie Nirwana Semesta                                      c. PT Bakrie Nirwana Semesta

      Perusahaan       telah     mendivestasikan   80%                  The Company divested 80% of the share
      kepemilikan saham pada PT Bakrie Nirwana                          ownership in PT Bakrie Nirwana Semesta (BNS).
      Semesta (BNS). Berdasarkan Akta Notaris Danny                     Based on Notarial Deed No. 2 of Danny Wahyu
      Wahyu Setiawan, S.H., M.Kn., No. 2 tanggal                        Setiawan, S.H., M.Kn., dated October 30, 2019,
      30     Oktober     2019,     Perusahaan    memiliki               the Company has 82,623 shares or equivalent to
      kepemilikan saham sebanyak 82.623 saham atau                      20% of total ownership in BNS. Due to the
      setara 20% dari total kepemilikan pada BNS. Atas                  change in ownership, the Company no longer
      perubahan kepemilikan tersebut, Perusahaan                        has control over BNS.
      tidak lagi memiliki kendali terhadap BNS.

   d. PT Jasa Sarana                                                 d. PT Jasa Sarana

      Berdasarkan Akta Notaris Edwar S.H., No. 15                       Based on Notarial Deed No. 15 of Edwar, S.H.,
      tanggal 15 Agustus 2016, Perusahaan memiliki                      dated August 15, 2016, the Company has
      kepemilikan di JS sebanyak 3.324.523 saham                        3,324,523 shares or 3.76 % ownership in JS.
      atau 3.76%.



                                                            60
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

12. PENYERTAAN SAHAM (Lanjutan)                                   12. INVESTMENT IN SHARES OF STOCK (Continued)

       Berdasarkan Akta Notaris Hendra Carmana, S.T.,                    Based      on   Notarial  Deed    No.   5    of
       S.H., M.Kn., No. 5 tanggal 12 Januari 2023, para                  Hendra Carmana, S.T., S.H., M.Kn., dated
       pemegang saham JS menyetujui peningkatan                          January 12, 2023, JS shareholders agreed to
       modal dasar JS. Perusahaan tidak menambah                         increase the authorized capital of JS. The
       modal     sehingga     persentase    kepemilikan                  Company did not increase its investment so that
       Perusahaan terhadap JS terdilusi dari 3,76%                       the Company’s ownership percentage in JS was
       menjadi 3,52%.                                                    diluted from 3.76% to 3.52%.

       Investasi pada BNS dan JS adalah saham yang                       Investments in BNS and JS represent unquoted
       tidak memiliki harga kuotasian, dan manajemen                     shares, and the Company's management
       Perusahaan meyakini bahwa nilai tercatatnya                       believes that their carrying amount reflects their
       telah mencerminkan nilai wajarnya.                                fair value.

       Pada tahun 2024, Perusahaan mengakui                              In 2024, the Company recognized a decline in
       penurunan nilai wajar investasinya di JS sebesar                  fair value of its investment in JS amounting to
       Rp32,64 miliar yang diakui dalam pendapatan                       Rp32.64      billion    recognized   in   other
       komprehensif lain pada laporan laba rugi dan                      comprehensive income in the consolidated
       penghasilan komprehensif lain konsolidasian. Nilai                statements of profit or loss and other
       wajar investasi di JS ditentukan menggunakan                      comprehensive income. The fair value of
       metode arus kas yang didiskonto.                                  investment in JS is determined using the
                                                                         discounted cash flow method.

   Pada tanggal 31 Desember 2024 dan 2023,                            As of December 31, 2024 and 2023, the Group’s
   manajemen Grup meyakini bahwa penurunan nilai                      management      believes    that  impairment    for
   untuk investasi pada entitas asosiasi telah memadai                investment in associates is adequate based on the
   berdasarkan hasil penelaahan atas penyertaan                       review of shareholdings in investment at the end of
   saham pada investasi pada akhir tahun.                             the year.


13. TANAH UNTUK PENGEMBANGAN                                      13. LAND FOR DEVELOPMENT

   Rincian tanah untuk pengembangan berdasarkan                       The details of land for development based on
   lokasi adalah sebagai berikut:                                     location are as follows:

                                            2024                                  2023
                              Luas Tanah/                           Luas Tanah/
                               Land Area                             Land Area
                            (Dalam Ha/In Ha )                     (Dalam Ha/In Ha )
                             (Angka Penuh/          Total/         (Angka Penuh/          Total/
    Lokasi                    Full Amount )        Amount           Full Amount )        Amount                    Location

    Bogor, Jawa Barat                637,70         1.115.587              639,51         1.128.447        Bogor, West Java
    Kalianda, Lampung                                                                                        Kalianda, South
       Selatan                       350,63         1.010.055              350,63         1.010.055              Lampung
    Sidoarjo, Jawa Timur             333,10           548.030              337,58           565.393       Sidoarjo, East Java

    Total                          1.321,43         2.673.672            1.327,72         2.703.895                    Total


   Pada tahun 2024, penurunan tanah untuk                             In 2024, the decrease of land for development
   pengembangan terutama merupakan reklasifikasi                      mainly represents reclassification to inventories in
   tanah ke persediaan sehubungan dengan perubahan                    connection with the changes in management’s
   peruntukan manajemen atas penggunaan aset                          intention regarding the use of these assets, with a
   tersebut seluas 2,07 ha milik PT Mutiara Masyhur                   total area of 2.07 ha owned by PT Mutiara Masyhur
   Sejahtera yang terletak di Sidoarjo, Jawa Timur.                   Sejahtera, located at Sidoarjo, East Java.




                                                             61
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

13. TANAH UNTUK PENGEMBANGAN (Lanjutan)                         13. LAND FOR DEVELOPMENT (Continued)

   Pada tahun 2023, penambahan tanah untuk                          In 2023, the addition of land for development mainly
   pengembangan terutama merupakan reklasifikasi                    represents reclassification from fixed assets in
   tanah dari aset tetap sehubungan dengan perubahan                connection with the changes in management’s
   peruntukkan manajemen atas       penggunaan aset                 intention regarding the use of these assets, with a
   tersebut dengan total luas 6,02 ha dan pembelian                 total area of 6.02 ha and purchased of land
   tanah seluas 1,50 ha milik PT Graha Andrasentra                  ownership with total area of 1.50 ha, owned by
   Propertindo Tbk, Entitas Anak yang terletak di                   PT Graha Andrasentra Propertindo Tbk, located at
   kawasan Bogor, Jawa Barat (Catatan 10 dan 16).                   Bogor, West Java (Notes 10 and 16).
   Pada tahun 2023, penurunan tanah untuk                           In 2023, the decrease of land for development
   pengembangan terutama merupakan penjualan tanah                  mainly represents sales of land owned by
   milik PT Bahana Sukma Sejahtera (BSS), Entitas                   PT Bahana Sukma Sejahtera (BSS), a Subsidiary,
   Anak, yang terletak di kawasan Bogor, Jawa Barat,                located in Bogor, West Java, with total area of
   seluas 56,99 ha, kepada pihak ketiga.                            56.99 ha, to a third party.

   Pada tanggal 31 Desember 2024 dan 2023,                          As    of    December     31,    2024     and    2023
   tanah       untuk      pengembangan           milik              land for development owned by PT Mutiara Masyhur
   PT Mutiara Masyhur Sejahtera, Entitas Anak, yang                 Sejahtera, a Subsidiary, which is located in Sidoarjo,
   berlokasi di Sidoarjo, Jawa Timur, dijadikan                     Jawa Timur, is pledged as collateral for short-term
   jaminan atas utang bank jangka pendek dan                        and long-term bank loans obtained from PT BPR
   jangka    panjang     yang      diperoleh     dari               Intidana Sukses Makmur (Note 27f) and PT Bank
   PT BPR Intidana Sukses Makmur (Catatan 27f) dan                  Mayapada Internasional Tbk (Note 19a).
   PT Bank Mayapada Internasional Tbk (Catatan 19a).

   Pada tanggal 31 Desember 2024 dan 2023,                          As of December 31, 2024 and 2023, the
   reklasifikasi tanah untuk pengembangan yang                      reclassification of land for development which
   meliputi reklasifikasi ke dan dari akun aset lainnya,            includes reclassifications to and from other asset
   seperti aset tetap, uang muka pembelian tanah, dan               accounts, such as fixed assets, advance for
   persediaan, dikarenakan adanya perubahan intensi                 purchase of land, and inventories, are due to
   manajemen atas penggunaan aset-aset tersebut.                    changes in management’s intention on the use of
                                                                    these assets.

   Tidak terdapat kapitalisasi bunga pinjaman atas tanah            There  was     no   capitalized loan interest
   untuk pengembangan pada tahun yang berakhir pada                 on land for development for the years ended
   tanggal-tanggal 31 Desember 2024 dan 2023.                       December 31, 2024 and 2023.

   Manajemen Grup berkeyakinan bahwa tidak terdapat                 The Group’s management believes that there will be
   masalah dalam proses sertifikasi dan perpanjangan                no issue in obtaining the land certificates and the
   hak atas tanah karena seluruh tanah diperoleh secara             extension of the land rights as all the land is legally
   sah dan didukung dengan bukti kepemilikan yang                   acquired and supported by sufficient evidence of
   memadai.                                                         ownership.


14. UANG MUKA PEMBELIAN TANAH                                   14. ADVANCE FOR PURCHASE OF LAND

   Pada tanggal 31 Desember 2024, uang muka                         As of December 31, 2024, advances for purchases
   pembelian terutama merupakan pembelian tanah                     mainly represent purchases of land located in
   yang berlokasi di Sidoarjo, Jawa Timur terkait                   Sidoarjo, East Java regarding the partial payment
   pembayaran sebagian milik PT Mutiara Masyhur                     owned by PT Mutiara Masyhur Sejahtera (MMS), a
   Sejahtera (MMS), Entitas Anak, pembelian tanah                   Subsidiary, the purchase of land located in Sub-
   yang berlokasi di Kecamatan Sawangan, Depok,                     district Sawangan, Depok, West Java with an area of
   Jawa Barat seluas 149.744 m2 milik PT Citrasaudara               149,744 m2 owned by PT Citrasaudara Abadi (CSA),
   Abadi (CSA), Entitas Anak, dan pembelian tanah                   a Subsidiary, and the purchase of land that is
   yang berlokasi di Bogor, Jawa Barat seluas 86.360 m2             located in Bogor, West Java with an area of
   milik Perusahaan.                                                86,360 m2 owned by the Company.




                                                           62
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

14. UANG MUKA PEMBELIAN TANAH (Lanjutan)                       14. ADVANCE        FOR      PURCHASE         OF     LAND
                                                                   (Continued)

   Pada tanggal 31 Desember 2023, uang muka                        As of December 31, 2023, advances for purchases
   pembelian terutama merupakan pembayaran untuk                   mainly represent purchases of land located in
   pembebasan tanah yang berlokasi di Sidoarjo, Jawa               Sidoarjo, East Java regarding the partial payment
   Timur milik PT Mutiara Masyhur Sejahtera (MMS),                 owned by PT Mutiara Masyhur Sejahtera (MMS), a
   Entitas Anak, pembelian tanah yang berlokasi di                 Subsidiary, the purchase of land located in Sub-
   Kecamatan Sawangan, Depok, Jawa Barat seluas                    district Sawangan, Depok, West Java with an area of
   149.744 m2 milik PT Citrasaudara Abadi (CSA),                   149,744 m2 owned by PT Citrasaudara Abadi (CSA),
   Entitas Anak, pembelian tanah Tanah Sentul terletak             a Subsidiary, the purchase of land in Sentul land
   sekitar Jungleland, Kecamatan Babakan Madang,                   located around Jungleland, Babakan Madang Sub-
   Kabupaten Bogor, Jawa Barat seluas 4,13 ha milik                district, Bogor District, West Java with a total land
   PT Graha Andrasentra Propertindo Tbk (GAP),                     area of 4.13 ha owned by PT Graha Andrasentra
   Entitas Anak, dan tanah yang berlokasi di Bogor,                Propertindo Tbk (GAP), a Subsidiary, and the
   Jawa Barat seluas 86.360 m2 milik Perusahaan                    purchase of land that is located in Bogor, West Java
   (Catatan 43e).                                                  with an area of 86,360 m2 owned by the Company
                                                                   (Note 43e).

   Pada tanggal 8 Desember 2023, GAP dan PT Maju                   On December 8, 2023, GAP and PT Maju Sukses
   Sukses Nusajaya (MSN) mengadakan kesepakatan                    Nusajaya (MSN) entered into an agreement to
   untuk mengalihkan sebagian hak atas uang muka                   transfer a portion of the GAP’s rights over the
   pembelian    tanah  Kebun    Menteng   sebesar                  advances for purchase of Kebun Menteng land
   Rp36,52 miliar.                                                 amounting to Rp36.52 billion.

   Pada tanggal 25 Juni 2024, GAP dan PT Berkah                    On June 25, 2024, GAP and PT Berkah Alam Asri
   Alam    Asri    mengadakan     kesepakatan   untuk              entered into an agreement to transfer a portion of
   mengalihkan sebagian hak milik GAP atas uang muka               the GAP’s rights over the advances for purchase of
   pembelian    tanah     Kebun    Menteng    sebesar              the   Kebun      Menteng    land  amounting     to
   Rp13,69 miliar (Catatan 43e).                                   Rp13.69 billion (Note 43e).


15. PROPERTI INVESTASI                                         15. INVESTMENT PROPERTIES

   Pada tanggal 31 Desember 2024 dan 2023, dalam                   As of December 31, 2024 and 2023, the Group’s
   properti investasi Grup terdapat bangunan dan                   investment properties included building and
   prasarana yang terdiri dari 43.103 m2 Wisma Bakrie,             improvements consisting of 43,103 m2 of Wisma
   17.946 m2 Bakrie tower, 6.784,25 m2 Media Walk,                 Bakrie, 17,946 m2 of Bakrie Tower, 6,784.25 m2 of
   2.565 m2 The Grove, dan 1.279,32 m2 Rasuna Office               Media Walk, 2,565 m2 of The Grove, and
   Park. Juga terdapat area retail yang terdiri dari               1,279.32 m2 of Rasuna Office Park. There were also
   7.216 m2 Pasar Kuliner, 1.420 m2 Taman Rasuna                   retail areas consisting of 7,216 m2 of Pasar Kuliner,
   Apartment, 499,67 m2 Kahuripan Office, 490 m2 Club              1,420 m2 of Taman Rasuna Apartment, 499.67 m2
   House Mora Monroe, dan 86,64 m2 Tower 18th                      Kahuripan Office, 490 m2 Club House Mora Monroe,
   Apartment, yang disewakan kepada pihak ketiga dan               and 86.64 m2 of Tower 18th Apartment, which were
   pihak berelasi di luar Grup berdasarkan perjanjian              rented to third parties and related parties outside the
   sewa.                                                           Group based on rental agreements.

   Mutasi properti investasi adalah sebagai berikut:               The movements in investment properties are as
                                                                   follows:

                                                   2024             2023
    Biaya Perolehan                                                                                   Acquisition Costs
    Saldo awal                                     583.294           592.931                          Beginning balance
    Pengurangan selama
       tahun berjalan                                     -            (9.637)                 Deduction during the year
    Saldo akhir                                    583.294           583.294                              Ending balance




                                                          63
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

15. PROPERTI INVESTASI (Lanjutan)                               15. INVESTMENT PROPERTIES (Continued)

                                                 2024                2023

    Akumulasi Penyusutan                                                                    Accumulated Depreciation
    Saldo awal                                    155.120             147.285                      Beginning balance
    Penambahan selama tahun
       berjalan                                    12.610              13.020                    Addition during the year
    Pengurangan selama tahun
       berjalan                                            -            (5.036)                Deduction during the year
    Pengurangan atas                                                                                   Decrease due to
       reklasifikasi                                       -              (149)                      reclassification
    Saldo akhir                                   167.730             155.120                            Ending balance
    Jumlah Tercatat                               415.564             428.174                        Carrying Amounts


   Rincian penjualan dan penghapusan            properti            The detail of sale and write-off of investment
   investasi adalah sebagai berikut:                                properties is as follows:

                                                 2024                2023
    Biaya perolehan                                        -            9.637                        Acquisition costs
    Akumulasi penyusutan                                   -           (5.036)                Accumulated depreciation
    Jumlah tercatat properti                                                              Carrying amount of investment
       investasi                                           -            4.601                             properties
    Dikurangi:                                                                                              Deductions:
       Kerugian atas pembongkaran                          -            4.477                     Loss on demolition
       Hasil penjualan properti                                                               Proceeds from sale of
           investasi                                       -                99             investment properties
    Rugi atas penjualan                                                                               Loss on sale of
       properti investasi - neto                           -                (25)        investment properties - net


   Pada tahun 2023, pengurangan pada dasarnya                       In     2023,     deductions     mainly      represent
   merupakan pembongkaran bangunan atas PT Mutiara                  demolition of a building in PT Mutiara Masyhur
   Masyhur Sejahtera, Entitas Anak, dengan nilai                    Sejahtera’s, a Subsidiary, with a carrying amount of
   tercatat sebesar Rp4,60 miliar. Kerugian neto atas               Rp4.60 billion. The net loss from the demolition
   pembongkaran tersebut sebesar Rp4,48 miliar                      amounting to Rp4.48 billion, is presented as part of
   disajikan sebagai bagian dari “Kerugian atas                     “Loss from demolition of building” under “Other
   pembongkaran bangunan” dalam akun “Penghasilan                   Income (Charges)” in the consolidated statement of
   (Beban) Lain-Lain” pada laporan laba rugi dan                    profit or loss and other comprehensive income for
   penghasilan komprehensif lain konsolidasian untuk                the year ended December 31, 2023.
   tahun berakhir pada tanggal 31 Desember 2023.

   Pendapatan sewa properti investasi yang diakui                   Rental    income     from    investment   properties
   untuk    tahun     yang   berakhir   pada   tanggal              recognized       for      the      years      ended
   31 Desember 2024 dan 2023 masing-masing sebesar                  December 31, 2024 and 2023 amounted to
   Rp4,74 miliar dan Rp5,59 miliar, dan disajikan                   Rp4.74 billion and Rp5.59 billion, respectively, and
   sebagai bagian dari penghasilan sewa perkantoran                 is presented as part of revenue from rental of office
   pada laporan laba rugi dan penghasilan komprehensif              spaces in the consolidated statements of profit or
   lain konsolidasian.                                              loss and other comprehensive income.

   Beban penyusutan untuk tahun 2024 dan 2023                       Depreciation expenses during 2024 and 2023
   masing-masing sebesar Rp12,61 miliar dan                         amounted to Rp12.61 billion and Rp13.02 billion,
   Rp13,02 miliar, dan disajikan sebagai bagian dari                respectively, and are presented as part of “Cost of
   akun “Beban Pokok Pendapatan” dalam laporan laba                 Revenues” account in the consolidated profit or loss
   rugi dan penghasilan komprehensif lain konsolidasian.            and other comprehensive income .




                                                           64
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PT BAKRIELAND DEVELOPMENT Tbk                                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                            DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                stated)

15. PROPERTI INVESTASI (Lanjutan)                                                        15. INVESTMENT PROPERTIES (Continued)

   Properti investasi diasuransikan terhadap risiko                                         Investment properties are insured against losses
   bencana alam, risiko kebakaran dan risiko lainnya                                        from natural disasters, fire and other risks along with
   bersama dengan aset tetap (Catatan 16).                                                  fixed assets (Note 16).

   Berdasarkan hasil penelaahan terhadap jumlah                                             Based on a review on the recoverable amount
   terpulihkan dari properti investasi, manajemen Grup                                      of the investment properties, the Group’s
   berkeyakinan bahwa tidak terdapat kejadian-kejadian                                      management believes that there are no events or
   atau perubahan-perubahan yang mengindikasikan                                            changes indicating asset impairment as of
   adanya penurunan nilai aset pada tanggal                                                 December 31, 2024 and 2023.
   31 Desember 2024 dan 2023.


16. ASET TETAP                                                                           16. FIXED ASSETS

                                                                                  2024
                                   Saldo                                                                                  Saldo
                                   Awal/                                                                                  Akhir/
                                 Beginning       Penambahan/     Akuisisi/           Pengurangan/     Reklasifikasi/     Ending
                                  Balance         Additions     Acquisition           Deductions     Reclassification    Balance
    Biaya Perolehan                                                                                                                              Acquisition Costs
    Pemilikan langsung                                                                                                                             Direct ownership
    Tanah                            372.188                -         28.442                     -                  -       400.630                             Land
    Bangunan dan                                                                                                                                       Buildings and
      prasarana                    1.041.026            3.373        100.457                 7.357              2.176     1.139.675                improvements
    Kendaraan bermotor                25.052              418            446                 1.707                  -        24.209                   Motor vehicles
                                                                                                                                                    Machinery and
    Mesin dan peralatan              113.176            2.866                 -              1.240               686        115.488                     equipment
    Perabotan dan                                                                                                                                   Office furniture,
      perlengkapan                                                                                                                                   fixtures, and
      kantor                         149.284            3.798         12.981                 6.869                (37)      159.157                     equipment
    Subtotal                       1.700.726           10.455        142.326                17.173              2.825     1.839.159                         Subtotal
                                                                                                                                                       Assets under
    Aset bangun serah                                                                                                                           build and transfer
    Bangunan                         243.989                -                 -                  -                  -       243.989                         Buildings
    Aset hak-guna                                                                                                                                 Right-of-use asset
    Hak guna tanah                           -        207.227                 -                  -                  -       207.227                        Land right
    Aset dalam penyelesaian                                                                                                                Construction in-progress
    Bangunan                           9.610           16.532                 -               757              (2.569)       22.816                          Buildings
    Perabotan dan perlengkapan                                                                                                         Office furniture, fixtures, and
      kantor                                 -           256                  -                  -               (256)             -                    equipment
    Subtotal                           9.610           16.788                 -               757              (2.825)       22.816                         Subtotal
    Total Biaya Perolehan          1.954.325          234.470        142.326                17.930                  -     2.313.191         Total Acquisition Costs
    Akumulasi Penyusutan                                                                                                               Accumulated Depreciation
    Kepemilikan langsung                                                                                                                        Direct ownership
    Bangunan dan                                                                                                                                    Buildings and
      prasarana                      450.822           37.934         11.298                 6.101                  -       493.953             improvements
    Kendaraan bermotor                22.592              626            293                 1.275                  -        22.236                Motor vehicles
                                                                                                                                                 Machinery and
    Mesin dan peralatan              108.906            2.604                 -              1.263                  -       110.247                  equipment
    Perabotan dan                                                                                                                                Office furniture,
      perlengkapan                                                                                                                                fixtures, and
      kantor                         132.505            4.527         11.889                 6.660                  -       142.261                  equipment

    Subtotal                         714.825           45.691         23.480                15.299                  -       768.697                         Subtotal

                                                                                                                                                       Assets under
    Aset bangun serah                                                                                                                           build and transfer
    Bangunan                         180.135           13.130                 -                  -                  -       193.265                         Buildings
    Aset hak-guna                                                                                                                                 Right-of-use asset
    Hak guna tanah                           -          7.675                 -                  -                  -         7.675                        Land right

    Total Akumulasi                                                                                                                              Total Accumulated
      Penyusutan                     894.960           66.496         23.480                15.299                  -       969.637                 Depreciation

    Jumlah Tercatat                1.059.365                                                                              1.343.554             Carrying Amounts




                                                                              65
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PT BAKRIELAND DEVELOPMENT Tbk                                           PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                          FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                               DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                      (Expressed in millions of Rupiah, unless otherwise
lain)                                                                   stated)

16. ASET TETAP (Lanjutan)                                                  16. FIXED ASSETS (Continued)

                                                                    2023
                                   Saldo                                                              Saldo
                                   Awal/                                                              Akhir/
                                 Beginning     Penambahan/      Pengurangan/      Reklasifikasi/     Ending
                                  Balance       Additions        Deductions      Reclassification    Balance
    Biaya Perolehan                                                                                                        Acquisition Costs
    Pemilikan langsung                                                                                                       Direct ownership
    Tanah                            447.087           373                  -             (75.272)      372.188                           Land
    Bangunan dan                                                                                                                 Buildings and
      prasarana                    1.033.746          9.608             2.613                 285     1.041.026              improvements
    Kendaraan bermotor                25.397          1.055             1.000                (400)       25.052                 Motor vehicles
                                                                                                                              Machinery and
    Mesin dan peralatan              129.225          3.178            19.202                 (25)      113.176                   equipment
    Perabotan dan                                                                                                             Office furniture,
      perlengkapan                                                                                                             fixtures, and
      kantor                         138.955          8.082                 -               2.247       149.284                   equipment
    Subtotal                       1.774.410         22.296            22.815             (73.165)    1.700.726                       Subtotal
                                                                                                                                 Assets under
    Aset bangun serah                                                                                                     build and transfer
    Bangunan                         243.989              -                 -                   -       243.989                       Buildings
    Aset dalam penyelesaian                                                                                           Construction in-progress
    Bangunan                           8.131          3.677                 -              (2.198)        9.610                      Buildings
    Total Biaya Perolehan          2.026.530         25.973            22.815             (75.363)    1.954.325         Total Acquisition Costs
    Akumulasi Penyusutan                                                                                           Accumulated Depreciation
    Kepemilikan langsung                                                                                                    Direct ownership
    Bangunan dan                                                                                                                Buildings and
      prasarana                      414.516         38.790             2.484                   -       450.822             improvements
    Kendaraan bermotor                22.821            771             1.000                   -        22.592                Motor vehicles
                                                                                                                             Machinery and
    Mesin dan peralatan              120.928          3.832            15.944                  90       108.906                  equipment
    Perabotan dan                                                                                                            Office furniture,
      perlengkapan                                                                                                            fixtures, and
      kantor                         128.845          3.750                 -                 (90)      132.505                  equipment

    Subtotal                         687.110         47.143            19.428                   -       714.825                       Subtotal

                                                                                                                                 Assets under
    Aset bangun serah                                                                                                     build and transfer
    Bangunan                         166.444         13.691                 -                   -       180.135                       Buildings

    Total Akumulasi                                                                                                         Total Accumulated
      Penyusutan                     853.554         60.834            19.428                   -       894.960                Depreciation

    Akumulasi Penyisihan                                                                                            Accumulated Impairment
      Kerugian Penurunan Nilai         2.763              -             2.763                   -              -                   Loss

    Jumlah Tercatat                1.170.213                                                          1.059.365            Carrying Amounts



   Alokasi beban penyusutan untuk tahun 2024 dan                                Allocation of depreciation expenses during 2024 and
   2023 adalah sebagai berikut:                                                 2023 is as follows:

                                                          2024                   2023
    Beban pokok pendapatan                                    16.194               10.214                           Cost of revenues
    Beban umum dan administrasi                                                                            General and administrative
       (Catatan 34b)                                          50.302               50.620                   expenses (Note 34b)
    Total                                                     66.496               60.834                                             Total




                                                                   66
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

16. ASET TETAP (Lanjutan)                                          16. FIXED ASSETS (Continued)

   Rincian penjualan dan penghapusan aset tetap                         The detail of sales and write-off of fixed assets is as
   adalah sebagai berikut:                                              follows:

                                                     2024                2023
    Biaya perolehan                                    17.930              22.815                             Acquisition costs
    Akumulasi penyusutan                              (15.299)            (19.429)                     Accumulated depreciation
    Nilai buku neto aset tetap                          2.631               3.386                  Net book value of fixed assets
                                                                                                                            Less:
    Dikurangi:                                                                                    Proceeds from sale of fixed
       Hasil penjualan aset tetap                         273               1.541                                 assets
       Beban lain-lain                                    917                   -                            Other expenses
    Rugi atas penjualan dan                                                                          Loss on sale and disposal
       penghapusan aset tetap - neto                    1.441               1.845                      of fixed assets - net


   Pada tahun 2024, penambahan aset tetap mencakup,                     In 2024, the additions to fixed assets include the
   saldo awal aset tetap milik GIN yang diambil alih pada               beginning balance of fixed assets from GIN, which
   tahun 2024 (Catatan 5).                                              was acquired in 2024 (Note 5).

   Pada tanggal 31 Desember 2024, aset dalam                            As of December 31, 2024, construction in-progress
   penyelesaian terutama merupakan pengembangan                         mainly represents the development of the Jungle
   Proyek Jungle Sea milik GAP, Entitas Anak.                           Sea Project owned by GAP, a Subsidiary.

   Pada tanggal 31 Desember 2023, aset dalam                            As of December 31, 2023, construction in-progress
   penyelesaian     terutama   merupakan perbaikan                      mainly represents building and improvements of
   bangunan dan prasarana atas Hotel Alana                              Hotel Alana Yogyakarta owned by RRD, a
   Yogyakarta milik RRD, Entitas Anak.                                  Subsidiary.

   Rincian aset dalam penyelesaian pada tanggal                         The detail of construction in progress as of
   31 Desember 2024 dan 2023 adalah sebagai berikut:                    December 31, 2024 and 2023 is as follows:

                                      Persentase                            Estimasi Tahun
                                     Penyelesaian/                           Penyelesaian/
                                    Percentage of    Nilai Tercatat/            Estimated
                                      Completion     Carrying Value               year of
    2024                                  (%)              (Rp)                Completion                                        2024
    Bangunan dan prasarana          12,00%-95,00%              22.816    Maret - Desember 2025/              Building and improvement
                                                                         March - December 2025



                                      Persentase                            Estimasi Tahun
                                     Penyelesaian/                           Penyelesaian/
                                    Percentage of    Nilai Tercatat/            Estimated
                                      Completion     Carrying Value               year of
    2023                                  (%)              (Rp)                Completion                                        2023
    Bangunan dan prasarana          30,00%-95,00%               9.610    Maret - Desember 2024/              Building and improvement
                                                                         March - December 2024

   Aset tetap dan properti investasi, kecuali tanah,                    Fixed assets and investment properties, except for
   diasuransikan terhadap risiko bencana alam, risiko                   land, are insured against the risks of natural
   kebakaran dan risiko lainnya dengan jumlah nilai                     disaster, fire and other risks with the sum insured
   pertanggungan masing-masing sebesar Rp3,12 triliun                   amounting to Rp3.12 trillion and Rp3.48 trillion in
   dan Rp3,48 triliun pada tahun 2024 dan 2023.                         2024 and 2023, respectively. The Group’s
   Manajemen Grup berkeyakinan bahwa nilai                              management believes that the sum insured is
   pertanggungan tersebut cukup untuk menutupi                          sufficient to cover possible losses of the insured
   kemungkinan      kerugian     atas   aset    yang                    assets.
   dipertanggungkan.




                                                             67
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

16. ASET TETAP (Lanjutan)                                       16. FIXED ASSETS (Continued)

   Pada tanggal 31 Desember 2024 dan 2023, tanah                    As of December 31, 2024 and 2023, land and
   dan bangunan milik PT Graha Istana Nirwana (GIN),                buildings owned by PT Graha Istana Nirwana (GIN),
   PT Graha Andrasentra Propertindo Tbk (GAP) dan                   PT Graha Andrasentra Propertindo Tbk (GAP) and
   PT Jasa Boga Raya (JBR) yang terletak di Sidoarjo                PT Jasa Boga Raya (JBR), which are located in
   dan Bogor dijadikan jaminan atas pinjaman kepada                 Sidoarjo and Bogor are pledged as collateral for
   PT Bank Perkreditan Rakyat Delta Artha (Perseroda),              loans obtained from PT Bank Perkreditan Rakyat
   PT Bank KB Bukopin Tbk, PT Bank Panin Tbk,                       Delta Artha (Perseroda), PT Bank KB Bukopin Tbk,
   PT Bank Rakyat Indonesia (Persero) Tbk (BRI) dan                 PT Bank Panin Tbk, PT Bank Rakyat Indonesia
   pembiayaan Musyarakah yang diperoleh dari                        (Persero) Tbk (BRI) and Musyarakah financing
   PT Bank KB Syariah Bukopin.                                      obtained from PT Bank KB Syariah Bukopin.

   Pada tanggal 31 Desember 2023, reklasifikasi aset                As of December 31, 2023, the reclassifications of
   tetap ke tanah untuk pengembangan dikarenakan                    fixed assets to land for development are due to
   adanya perubahan intensi manajemen atas                          changes in management’s intention on the use of
   penggunaan aset-aset tersebut.                                   these assets.

   Tidak terdapat bunga pinjaman yang dikapitalisasi                There are no capitalization of loan interest on fixed
   pada aset tetap pada tahun yang berakhir pada                    assets for the years ended December 31, 2024 and
   tanggal-tanggal 31 Desember 2024 dan 2023.                       2023.

   Tidak terdapat aset tetap yang tidak terpakai                    There is no temporary unused fixed assets and there
   sementara dan tidak terdapat aset tetap yang                     are no fixed assets that are discontinued from active
   dihentikan dari penggunaan aktif dan tidak                       use and not classified as available for sale.
   diklasifikasikan sebagai tersedia untuk dijual.

   Manajemen Grup berkeyakinan bahwa kerugian                       The Group’s management believes that the
   penyisihan penurunan nilai aset tetap telah memadai              provision for impairment loss of fixed assets is
   berdasarkan hasil penelaahan atas aset tetap pada                adequate based on the review of fixed assets at the
   akhir tahun.                                                     end of the year.


17. GOODWILL                                                    17. GOODWILL

   Akun ini merupakan selisih lebih biaya perolehan atas            This account represents the excess of the
   nilai wajar Entitas Anak, terutama dari akuisisi                 acquisition cost over the fair value of the
   PT Mutiara Masyhur Sejahtera (MMS) pada tahun                    Subsidiaries, primarily from the acquisition of
   2014. Pada tanggal 31 Desember 2024 dan 2023,                    PT Mutiara Masyhur Sejahtera (MMS) in 2014. As of
   jumlah    tercatatnya     masing-masing       sebesar            December 31, 2024 and 2023, the carrying amounts
   Rp908,76 miliar dan Rp895,22 miliar, setelah                     are Rp908.76 billion and Rp895.22 billion,
   dikurangi   penurunan     nilai   goodwill    sebesar            respectively, net of goodwill impairment amounting
   Rp814,20 miliar.                                                 to Rp814.20 billion.

   Pada tahun 2024, penambahan goodwill sebesar                     In 2024, the addition of goodwill amounting to
   Rp13,60 miliar berasal dari pengambilalihan                      Rp13.60 billion resulted from MMS's acquisition of
   PT Graha Istana Nirwana oleh MMS (Catatan 5).                    PT Graha Istana Nirwana (Note 5).

   Grup menguji secara tahunan apakah goodwill                      The Group tests annually whether goodwill has
   mengalami penurunan nilai. Jumlah terpulihkan                    suffered any impairment. The recoverable amount of
   goodwill ditentukan berdasarkan nilai pakai.                     goodwill is determined based on value-in use.

   Perhitungan nilai pakai menggunakan proyeksi arus                Value-in use calculation used cash flow projection
   kas dari anggaran keuangan yang telah disetujui oleh             from the financial budget approved by management
   manajemen untuk periode sepuluh tahun. Tingkat                   covering a ten-year period. The pre-tax discount
   diskonto sebelum pajak yang digunakan untuk                      rates applied to cash flow projection is 9.65% and
   proyeksi arus kas adalah 9,65% dan 9,60% masing-                 9.60% for the years ended December 31, 2024 and
   masing untuk tahun yang berakhir pada tanggal                    2023, respectively. The following assumptions are
   31 Desember 2024 dan 2023. Asumsi-asumsi berikut                 also used in computing value in use:
   ini juga digunakan untuk menghitung nilai pakai:




                                                           68
Page 356
PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

17. GOODWILL (Lanjutan)                                        17. GOODWILL (Continued)

   a. Estimasi tingkat pertumbuhan                                 a. Growth rate estimates
      - Tingkat pertumbuhan mencakup pertumbuhan                      - Growth rates include revenue growth and
        pendapatan dan tingkat pertumbuhan majemuk                      terminal growth rates that are based on
        yang didasarkan pada pengalaman dan strategi                    experiences and strategies developed for the
        yang dikembangkan untuk berbagai entitas                        various subsidiaries. The prospect for the
        anak. Prospek industri juga dipertimbangkan                     industry was also considered in estimating the
        dalam memperkirakan tingkat pertumbuhan.                        growth rates. Growth rates used in computing
        Tingkat pertumbuhan yang digunakan dalam                        the estimated future cash flows ranged from
        menghitung estimasi arus kas masa depan                         3% and 2% as of December 31, 2024 and
        masing-masing berkisar antara 3% dan 2%                         2023, respectively.
        pada tanggal 31 Desember 2024 dan 2023.

   b. Tingkat diskonto                                             b. Discount rates
      - Tingkat diskonto diestimasi berdasarkan biaya                 - Discount rates are estimated based on the
        rata-rata tertimbang atas modal industri,                       industry’s weighted average cost of capital,
        termasuk biaya ekuitas dan utang setelah                        which includes the cost of equity and debt after
        mempertimbangkan rasio gearing.                                 considering the gearing ratio.

   Asumsi utama di atas dapat berubah sesuai dengan                The key assumptions above may change as
   perubahan kondisi ekonomi dan pasar. Pengujian                  economic and market conditions change.          The
   penurunan nilai atas goodwill dilakukan setiap akhir            impairment testing on goodwill is performed every
   tahun atau setiap kali terdapat indikasi bahwa                  year end or whenever there is an indication that the
   goodwill mengalami penurunan nilai. Manajemen                   goodwill is impaired. Management believes that no
   berkeyakinan bahwa tidak terdapat perubahan yang                reasonably possible changes in any of the above
   mungkin terjadi pada asumsi utama di atas yang                  key assumptions would cause the carrying amount
   dapat menyebabkan jumlah tercatat goodwill yang                 of goodwill arising from the Group’s acquisitions to
   timbul dari akuisisi Grup secara material melebihi              materially exceed its recoverable amount.
   jumlah terpulihkannya.

   Akibat dari perubahan asumsi yang sejalan dengan                As a result of the change in assumptions in line with
   perubahan kondisi ekonomi dan pasar karena                      the changes in economic and market conditions due
   penurunan estimasi berdasarkan pasar yang                       to a decline in the market-driven estimates that was
   digunakan untuk mengukur jumlah terpulihkan dari                used in measuring the recoverable amount of cash
   unit penghasil kas, Grup telah menurunkan nilai                 generating unit, the Group has impaired an amount
   goodwill pada tahun yang berakhir pada tanggal                  of Rp809.61 billion of goodwill for the year ended
   31 Desember 2023 sebesar Rp809,61 miliar dan                    December 31, 2023 which is represented in the
   disajikan pada laporan laba rugi dan penghasilan                consolidated statements of profit or loss and other
   komprehensif lain konsolidasian sebagai “Kerugian               comprehensive income as “Loss on impairment of
   penurunan nilai goodwill”.                                      goodwill”.

   Pada tanggal 31 Desember 2024 dan 2023,                         As of December 31, 2024 and 2023, management
   manajemen Grup berkeyakinan bahwa penurunan                     believes that impairment of goodwill is adequate
   nilai goodwill telah memadai berdasarkan hasil                  based on a review at the end of the year.
   penelaahan pada akhir tahun.


18. ASET LAIN-LAIN                                             18. OTHER ASSETS

                                                 2024               2023
    Investasi pada ventura                                                                           Investment in joint
        bersama                                                                                           ventures
        (Catatan 43d and 43f):                    73.194             80.457                    (Notes 43d and 43f):
    Uang jaminan                                   1.926              1.712                           Security deposits
    Beban tangguhan                                1.474              4.522                           Deferred charges
    Lain-lain (masing-masing                                                                                     Others
        di bawah Rp2 miliar)                        2.844              1.906             (each below of Rp2 billion)
    Total                                         79.438             88.597                                       Total



                                                          69
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PT BAKRIELAND DEVELOPMENT Tbk                                                               PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                              FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                                   DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                          (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                       stated)

18. ASET LAIN-LAIN (Lanjutan)                                                                   18. OTHER ASSETS (Continued)

                                                                       2024                            2023

    Dikurangi cadangan kerugian                                                                                                            Less allowance for impairment
       penurunan nilai atas investasi                                                                                                          losses on investment
       pada ventura bersama                                               40.851                         40.851                                      in joint ventures
    Total                                                                 38.587                         47.746                                                                  Total


   Rincian investasi pada ventura bersama adalah                                                       The details of investments in joint ventures are as
   sebagai berikut:                                                                                    follows:
                                                                                         2024
                                                             Nilai tercatat
                                                            investasi awal                                                         Nilai Tercatat
                                          Persentase            tahun/            Bagian laba             Penyelesaian            investasi akhir
                                         kepemilikan/      Carrying Value at         neto/              ventura bersama/               tahun/
                                          Percentage          beginning           Share in net            Termination           Carrying value at
                                         of ownership           of year              profit              of joint venture        the end of year

    Investasi Tidak Langsung melalui                                                                                                                          Direct investment through
      PT Mutiara Masyhur Sejahtera                                                                                                                       PT Mutiara Mahsyur Sejahtera
        KSO Wika-Kahuripan                      40,00%               32.189                      154                        -              32.343               KSO Wika-Kahuripan
        KSO GIN-MMS                             12,06%                7.417                        -                  (7.417)                   -                     KSO GIN-MMS
    Investasi Tidak Langsung melalui                                                                                                                         Indirect investment through
      PT Bakrie Pangripta Loka                                                                                                                               PT Bakrie Pangripta Loka
        KSO PP - BPL                            51,00%               40.851                        -                        -              40.851                       KSO PP - BPL
    Subtotal                                                         80.457                      154                  (7.417)              73.194                                Subtotal
    Dikurangi cadangan kerugian                                                                                                                             Less allowance for impairment
      penurunan nilai                                                40.851                        -                        -              40.851                                  loss
    Neto                                                             39.606                      154                  (7.417)              32.343                                    Net



                                                                                         2023
                                                                    Nilai tercatat
                                                                   investasi awal                                           Nilai Tercatat
                                              Persentase               tahun/                    Bagian laba               investasi akhir
                                             kepemilikan/         Carrying Value at                 neto/                       tahun/
                                              Percentage             beginning                   Share in net            Carrying value at
                                             of ownership              of year                      profit                the end of year

    Investasi Tidak Langsung melalui                                                                                                                       Direct investment through
      PT Mutiara Masyhur Sejahtera                                                                                                                    PT Mutiara Mahsyur Sejahtera
        KSO Wika-Kahuripan                              40,00%                 31.801                         388                    32.189                  KSO Wika-Kahuripan
        KSO GIN-MMS                                     12,06%                  7.417                           -                     7.417                        KSO GIN-MMS
    Investasi Tidak Langsung melalui                                                                                                                      Indirect investment through
      PT Bakrie Pangripta Loka                                                                                                                            PT Bakrie Pangripta Loka
        KSO PP - BPL                                    51,00%                 40.851                             -                  40.851                          KSO PP - BPL
    Subtotal                                                                   80.069                         388                    80.457                                     Subtotal
    Dikurangi cadangan kerugian                                                                                                                           Less allowance for impairment
      penurunan nilai                                                          40.851                             -                  40.851                                      loss
    Neto                                                                       39.218                         388                    39.606                                          Net



   Informasi tambahan pada tanggal 31 Desember 2024                                                    Additional information as of December 31, 2024 and
   dan 2023 sehubungan dengan investasi pada ventura                                                   2023 related to investment in joint venture are as
   bersama adalah sebagai berikut:                                                                     follows:

                                                                                         2024
                                               Total Aset/         Total Liabilitas/       Total Pendapatan/             Total Laba/
                                              Total Assets          Total Liability          Total Revenue              Total Income
    Entitas Asosiasi                                                                                                                                                 Associated entity
      Investasi Tidak Langsung melalui                                                                                                                    Direct investment through
         PT Mutiara Masyhur Sejahtera                                                                                                                PT Mutiara Mahsyur Sejahtera
           KSO Wika-Kahuripan (audit)                   257.265                201.497                   1.244                       385            KSO Wika-Kahuripan (audited)
      Investasi Tidak Langsung melalui                                                                                                                  Indirect investment through
        PT Bakrie Pangripta Loka                                                                                                                        PT Bakrie Pangripta Loka
          KSO PP - BPL (tidak diaudit)                  213.794                144.979                        -                   61.709               KSO PP - BPL (unaudited)




                                                                                    70
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PT BAKRIELAND DEVELOPMENT Tbk                                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                               (Expressed in millions of Rupiah, unless otherwise
lain)                                                                            stated)

18. ASET LAIN-LAIN (Lanjutan)                                                    18. OTHER ASSETS (Continued)
                                                                              2023
                                                                                                     Total Laba
                                                                                                       (Rugi)/
                                          Total Aset/     Total Liabilitas/     Total Pendapatan/   Total Income
                                         Total Assets      Total Liability       Total Revenue         (Loss)
    Entitas Asosiasi                                                                                                                     Associated entity
      Investasi Tidak Langsung melalui                                                                                        Direct investment through
         PT Mutiara Masyhur Sejahtera                                                                                    PT Mutiara Mahsyur Sejahtera
           KSO Wika-Kahuripan (audit)           258.606            203.223                 2.927              967       KSO Wika-Kahuripan (audited)
           KSO GIN-MMS (tidak diaudit)           61.486                  -                     -                -          KSO GIN-MMS (unaudited)
      Investasi Tidak Langsung melalui                                                                                      Indirect investment through
        PT Bakrie Pangripta Loka                                                                                            PT Bakrie Pangripta Loka
          KSO PP - BPL (tidak diaudit)          213.905            145.151                     -             (405)         KSO PP - BPL (unaudited)


   Investasi pada KSO PP-BPL                                                           Investment in KSO PP-BPL
   Pada tanggal 31 Desember 2024 dan 2023, investasi                                   As of December 31, 2024 and 2023, the
   Grup pada KSO PP-BPL, melalui PT Bakrie Pangripta                                   Group investment in KSO PP-BPL, through
   Loka (BPL), Entitas Anak, tidak dapat mengakui                                      PT Bakrie Pangripta Loka (BPL), a Subsidiary
   bagian atas laba rugi sesuai dengan metode ekuitas                                  cannot recognized its share in profit or loss
   karena laporan keuangan KSO PP-BPL yang telah                                       according to the equity method because the audited
   diaudit tidak tersedia.                                                             financial statements of KSO PP-BPL are not
                                                                                       available.
   Selanjutnya, sampai dengan tanggal penyelesaian                                     Furthermore, until the completion date of these
   laporan keuangan konsolidasian ini, BPL dan ventura                                 consolidated financial statements, BPL and its joint
   bersama,     Perusahaan     Umum      Pembangunan                                   venture,    Perusahaan      Umum     Pembangunan
   Perumahan Nasional (Perumnas), belum dapat                                          Perumahan Nasional (Perumnas), have not been
   memperkirakan hasil akhir dari operasi bersama                                      able to predict the final outcome of their joint
   tersebut (Catatan 43d dan 47b).                                                     operation (Notes 43d and 47b).

   Sehubungan dengan ketidakpastian mengenai                                           Due to uncertainty regarding the continuation of an
   kelanjutan perjanjian dan ketidaktersediaan laporan                                 agreement, and that the audited financial statements
   keuangan KSO PP-BPL yang telah diaudit, maka                                        of KSO-PP-BPL are not available, the management
   manajemen       melakukan      penelaahan      atas                                 conducted a review on the recoverability of its
   terpulihkannya investasi tersebut. Pada tanggal                                     investment. As of December 31, 2024 and 2023, the
   31 Desember 2024 dan 2023, Grup membentuk                                           Group provided a full valuation allowance of its
   penyisihan penilaian penuh atas investasinya                                        investment mainly due to recurring losses incurred
   terutama karena adanya kerugian berulang yang                                       by KSO PP-BPL in previous years which significantly
   dialami KSO PP-BPL pada tahun-tahun sebelumnya                                      affected operations.
   yang secara signifikan memengaruhi operasi.

   Manajemen Grup berkeyakinan bahwa cadangan                                          The Group's management believes that the
   kerugian penurunan nilai atas investasi pada ventura                                allowance for impairment losses on investments in
   bersama    telah  memadai        berdasarkan   hasil                                joint ventures is adequate based on its review at the
   penelaahan pada akhir tahun.                                                        end of the year.

19. UTANG BANK JANGKA PENDEK                                                     19. SHORT-TERM BANK LOANS

                                                              2024                      2023
    Dalam Rupiah                                                                                                                        In Rupiah
       PT Bank Mayapada                                                                                                    PT Bank Mayapada
          Internasional Tbk                                   185.676                    318.931                         Internasional Tbk
       PT Bank KB Bukopin Tbk                                   9.589                      9.589                     PT Bank KB Bukopin Tbk
    Dalam Dolar Amerika Serikat                                                                                         In United States Dollar
       PT Bank Rakyat Indonesia                                                                                PT Bank Rakyat Indonesia
          (Persero) Tbk                                                                                                  (Persero) Tbk
          (US$ nihil dan US$1.073.644                                                                      (US$nil and US$1,073,644 as of
              pada tanggal 31 Desember                                                                        December 31, 2024 and
              2024 dan 2023)                                              -                16.551                   2023, respectively)
    Total                                                     195.265                    345.071                                                   Total



                                                                          71
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

19. UTANG BANK JANGKA PENDEK (Lanjutan)                        19. SHORT-TERM BANK LOANS (Continued)

   a. PT Bank       Mayapada      Internasional   Tbk              a. PT Bank Mayapada            Internasional     Tbk
      (Mayapada)                                                      (Mayapada)

      Rincian pinjaman ke Mayapada adalah sebagai                     The detail of loans to Mayapada is as follows:
      berikut:

                                                  2024               2023
       PT Mutiara Masyhur                                                                       PT Mutiara Masyhur
          Sejahtera                               115.925            249.153                           Sejahtera
       PT Bakrie Swasakti Utama                    69.751             69.778               PT Bakrie Swasakti Utama
       Total                                      185.676            318.931                                      Total


      i. Pada tanggal 7 April 2016, PT Mutiara                        i. On April 7, 2016, PT Mutiara Masyhur
         Masyhur Sejahtera (MMS), Entitas Anak,                          Sejahtera (MMS), a Subsidiary, obtained a
         memperoleh fasilitas pinjaman modal kerja dari                  working capital loan facility from Mayapada
         Mayapada dengan jumlah maksimum sebesar                         with a maximum amount of Rp326 billion,
         Rp326 miliar, yang terdiri dari:                                which consisted of:
         1. Fasilitas pinjaman tetap on demand                           1. Fixed on demand loan facility of
            sebesar Rp300 miliar; dan                                        Rp300 billion;and
         2. Fasilitas pinjaman rekening koran sebesar                    2. Current      account   loan    facility of
            Rp26 miliar.                                                     Rp26 billion.

         Pinjaman tersebut dijamin dengan Sertifikat                     The loan was collateralized by the Building
         Hak Guna Bangunan (SHGB) seluas                                 Right of Use Certificate (SHGB) with an area
         553.896 m2 yang terletak di kecamatan                           of 553,896 m2 which is located in the sub
         Sukodono, Krian dan Wonoayu.                                    district of Sukodono, Krian and Wonoayu.

         Fasilitas pinjaman ini telah beberapa kali                      This loan facility has been restructured
         direstrukturisasi,  terakhir pada   tanggal                     several times, the latest being on
         29 April 2024, dengan tingkat suku bunga                        April 29, 2024, with an annual interest rate of
         sebesar 11% per tahun dan jatuh tempo pada                      11% and maturing on April 18, 2025.
         tanggal 18 April 2025.

         Pada tanggal 9 Desember 2024, MMS                               On December 9, 2024, MMS obtained a
         memperoleh fasilitas pinjaman modal kerja dari                  working capital loan facility from Mayapada
         Mayapada dengan pagu pinjaman maksimum                          with a maximum amount of Rp225 billion,
         sebesar Rp225 miliar yang terdiri dari dua                      which consisted of two fixed on-demand loan
         fasilitas pinjaman tetap on demand masing-                      facilities amounting to Rp100 billion and
         masing       sebesar   Rp100    miliar    dan                   Rp125 billion, respectively.
         Rp125 miliar.

         Pinjaman tersebut dijamin dengan Seritfikat                     The loan was collateralized by the Building
         Hak Guna Bangunan (SHGB) seluas                                 Right of Use Certificate (SHGB) with an area
         215.788 Ha yang terletak di Kecamatan                           of 215,788 Ha located in the subdistricts of
         Sukodono, Krian dan Wonoayu.                                    Sukodono, Krian and Wonoayu.

         Fasilitas pinjaman tersebut dikenakan tingkat                   The loan facility bears an interest rate of 11%
         suku bunga 11% per tahun dan jatuh tempo                        per     annum        and       maturing       on
         pada tanggal 16 Desember 2025.                                  December 16, 2025.


         Pada tanggal 29 April 2024, MMS memperoleh                      On April 29, 2024, MMS obtained a
         surat    persetujuan    restrukturisasi  dari                   restructuring approval letter from Mayapada
         Mayapada mengenai perubahan tingkat suku                        regarding a change in the interest rate to 12%
         bunga menjadi 12% serta perubahan tanggal                       and a change in the maturity date to
         jatuh tempo menjadi tanggal 30 Maret 2027.                      March 30, 2027.




                                                          72
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

19. UTANG BANK JANGKA PENDEK (Lanjutan)                        19. SHORT-TERM BANK LOANS (Continued)

         Sehubungan dengan perubahan jatuh tempo                         In relation to changes in the maturity of loan
         fasilitas pinjaman, maka pada tahun 2024,                       facility, in 2024, MMS reclassified Mayapada
         MMS       mereklasifikasi  fasilitas pinjaman                   loan facility from short-term to long-term bank
         Mayapada dari utang bank jangka pendek                          loan (Note 27a).
         menjadi     utang     bank   jangka   panjang
         (Catatan 27a).

      ii. Pada tanggal 29 Januari 2014, BSU                           ii. On January 29, 2014, BSU entered into
          menandatangani adendum fasilitas pinjaman                       addendum to the loan facility for its working
          untuk modal kerja BSU dari Mayapada, dengan                     capital from Mayapada, with details as
          rincian sebagai berikut:                                        follows:

         1. Fasilitas pinjaman tetap on demand                           1. Fixed on demand loan facility amounted to
            sebesar Rp375 miliar; dan                                       Rp375 billion; and
         2. Fasilitas pinjaman rekening koran sebesar                    2. Current account loan facility amounted to
            Rp20 miliar;                                                    Rp20 billion;

         Pinjaman tersebut dijamin dengan SHGB                           The    loan  was   secured  by   SHGB
         No. 527/Karet Kuningan seluas 7.501 m2.                         No. 527/Karet Kuningan with an area of
                                                                         7,501 m2.

         Pinjaman ini telah diperpanjang, terakhir pada                  This loan has been extended, with the latest
         tanggal 29 Januari 2024, dengan fasilitas                       on January 29, 2024, whereby the loan facility
         pinjaman diperpanjang selama 12 bulan                           has been extended for another 12 months to
         sampai dengan tanggal 29 Januari 2025.                          January 29, 2025. This loan facility bears an
         Fasilitas pinjaman ini memiliki tingkat suku                    interest rate of 12% per annum (Note 48a).
         bunga 12% per tahun (Catatan 48a).

         Sehubungan dengan pinjaman ini, BSU                             In relation to these loans, BSU remains
         diwajibkan memenuhi persyaratan tertentu,                       obligated to fulfill certain requirements,
         antara lain, BSU dilarang untuk melakukan hal-                  among others, BSU is restricted from doing
         hal berikut tanpa persetujuan tertulis dari                     the following without prior written approval
         Mayapada:                                                       from Mayapada:
          1. Perubahan anggaran dasar, susunan direksi                    1. Amendment in articles of association, the
             dan komisaris serta susunan pemegang                            composition of the board of directors and
             saham Perusahaan;                                               commissioners, also the composition of
                                                                             shareholders of the Company;
          2. Penyertaan saham atau investasi pada                         2. Investments in shares or investments in
             perusahaan lain;                                                other companies;
          3. Melakukan pembagian dividen;                                 3. Dividend payments;
          4. Penggadaian saham kepada pihak lain;                         4. Mortgage the stock to other parties;
          5. Menjaminkan barang yang menjadi jaminan                      5. Guarantee the goods pledged as collateral
             kepada pihak lain;                                              to other parties;
          6. Penggadaian saham kepada pihak lain;                         6. Mortgage the stock to other parties;
          7. Menjaminkan barang yang menjadi jaminan                      7. Guarantee the goods pledged as collateral
             kepada pihak lain;                                              to other parties;
          8. Pembubaran dan penghentian usaha; dan                        8. Dissolution and suspension of operations;
                                                                             and
          9. Penggabungan usaha, akuisisi, konsolidasi                    9. Merger, acquisition, consolidation and
             dan pemisahan dengan perusahaan lain.                           separation with other companies.

   b. PT Bank KB Bukopin Tbk (Bukopin)                             b. PT Bank KB Bukopin Tbk (Bukopin)

      Pada tanggal 1 Juni 2009, PT Bakrie Swasakti                    On June 1, 2009, PT Bakrie Swasakti Utama
      Utama (BSU), Entitas Anak, memperoleh Fasilitas                 (BSU), a Subsidiary, obtained a Back-To-Back
      Kredit Back-To-Back dari PT Bank KB Bukopin                     Loan Facility from PT Bank KB Bukopin Tbk
      Tbk (Bukopin) dengan pagu pinjaman sebesar                      (Bukopin) with a maximum amount of
      Rp15 miliar untuk penyelesaian pembangunan                      Rp15 billion for completion of the Bakrie Tower
      gedung Bakrie Tower di kawasan Rasuna                           building in Rasuna Epicentrum Complex.
      Epicentrum.



                                                          73
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

19. UTANG BANK JANGKA PENDEK (Lanjutan)                             19. SHORT-TERM BANK LOANS (Continued)

      Pinjaman ini dijaminkan dengan            deposito                   This loan was secured with a time deposit owned
      berjangka      milik     Perusahaan       sebesar                    by the Company amounting to Rp10.07 billion
      Rp10,07 miliar (Catatan 11).                                         (Note 11).

      Perjanjian fasilitas pinjaman telah diperpanjang                     The loan facility agreement has been extended
      beberapa kali, terakhir sampai dengan tanggal                        several times, with the latest due on
      21 Maret 2025 (Catatan 48a). Fasilitas pinjaman                      March 21, 2025 (Note 48a). The loan facility
      tersebut dikenai tingkat suku bunga 1,5% per                         bears an interest rate of 1.5% per annum above
      tahun di atas suku bunga deposito yang                               the guaranteed deposit interest rate and a
      dijaminkan dan biaya provisi sebesar 0,125% dari                     provision fee of 0.125% of the ceiling prepaid all
      plafond dibayar dimuka sekaligus.                                    at once.

   c. PT Bank Rakyat Indonesia (Persero) Tbk (BRI)                      c. PT Bank Rakyat Indonesia (Persero) Tbk
                                                                           (BRI)

      Pada tanggal 25 Juni 2012, BSU memperoleh                            On June 25, 2012, BSU obtained a loan facility
      fasilitas kredit dari PT Bank Rakyat Indonesia                       from PT Bank Rakyat Indonesia (Persero) Tbk
      (Persero) Tbk (BRI) dengan pagu pinjaman                             (BRI)    with    a   maximum       amount      of
      sebesar US$1,07 juta untuk tambahan modal                            US$1.07 million for additional working capital of
      kerja usaha pembangunan proyek properti BSU.                         BSU’s property project development business.
      Pinjaman ini dijamin dengan deposito berjangka                       This loan was secured with time deposits owned
      milik Perusahaan di BRI sebesar US$1,08 juta                         by the Company at BRI amounting to
      (Catatan 11).                                                        US$1.08 million (Note 11).

      Perjanjian kredit ini telah diperpanjang beberapa                    The loan facility agreement has been extended
      kali,   terakhir   diperpanjang    pada    tanggal                   several    times,     with  the     latest    on
      22 Februari 2024 dengan tingkat suku bunga                           February 22, 2024 with an annual interest rate of
      sebesar 1,70% per tahun dan jatuh tempo pada                         1.70% and maturing on March 24, 2025.
      tanggal 24 Maret 2025.

      Pinjaman ini telah      dilunasi   pada    tanggal                   This loan was settled on September 17, 2024.
      17 September 2024.

   Pada tanggal 31 Desember 2024 dan 2023,                              As of December 31, 2024 and 2023, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                           management believes that it has complied with all
   semua persyaratan kredit yang ditentukan dalam                       credit requirements specified in the agreements.
   perjanjian.

   Pembayaran utang bank jangka pendek Grup pada                        The Group's payments for short-term bank loans in
   tahun 2024 dan 2023 masing-masing sebesar                            2024 and 2023 amounting to Rp38.71 billion and
   Rp38,71 miliar dan Rp75,70 miliar merupakan                          Rp75.70 billion, respectively pertains to loans given
   pinjaman yang diberikan oleh Mayapada ke BSU.                        by Mayapada to BSU.


20. PEMBIAYAAN MUSYARAKAH DAN PINJAMAN                              20. SHORT-TERM MUSYARAKAH FINANCING AND
    DARI PIHAK SELAIN BANK JANGKA PENDEK                                NON-BANK LOAN

                                                2024                      2023
                                                                                                  Short-term musyarakah
    Pembiayaan musyarakah                                                                                   financing
    PT Bank DKI Syariah                           11.500                      9.550                  PT Bank DKI Syariah
    PT Bank Jabar Banten Syariah                     300                        300          PT Bank Jabar Banten Syariah
    Subtotal                                      11.800                      9.850                                 Subtotal
    Pinjaman dari pihak selain
        bank                                                                                               Non-bank loan
    PT Alami Fintek Sharia                                 -                  2.000                  PT Alami Fintek Sharia
    Total                                         11.800                     11.850                                    Total



                                                               74
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

20. PEMBIAYAAN MUSYARAKAH DAN PINJAMAN                         20. SHORT-TERM MUSYARAKAH FINANCING AND
    DARI PIHAK SELAIN BANK JANGKA PENDEK                           NON-BANK LOAN (Continued)
    (Lanjutan)

   a. PT Bank Jabar Banten Syariah (BJB Syariah)                    a. PT Bank Jabar Banten Syariah (BJB Syariah)

      Pada       tanggal   29     November      2022,                 On November 29, 2022, PT Bakrie Pangripta
      PT Bakrie Pangripta Loka (BPL) memperoleh                       Loka (BPL) obtained working capital in the form
      fasilitas Pembiayaan Musyarakah modal kerja dari                of a Musyarakah facility from BJB Syariah with a
      BJB Syariah dengan pagu sebesar Rp300 juta                      maximum amount of Rp300 million which was
      yang digunakan untuk keperluan modal kerja.                     used for working capital purposes. This facility
      Fasilitas ini akan jatuh tempo pada tanggal                     will be due on November 29, 2023 and the
      29 November 2023 dan hasil porsi bank sebesar                   bank’s portion yields 5.25%. This loan was
      5,25%. Pinjaman ini dijamin dengan deposito                     secured by a time deposit of Rp300 million.
      berjangka sebesar Rp 300 juta.

      Fasilitas pembiayaan ini telah diperpanjang pada                This  facility has been   extended on
      tanggal 23 Desember 2024 dan jatuh tempo pada                   December 23, 2024 and will be due on
      tanggal 23 Desember 2025.                                       December 23, 2025.

   b. PT Bank DKI Syariah (DKI Syariah)                             b. PT Bank DKI Syariah (DKI Syariah)

      Pada tanggal 29 Agustus 2023, PT Provices                       On August 29, 2023, PT Provices Indonesia
      Indonesia (PVI) memperoleh fasilitas Pembiayaan                 (PVI) obtained a working capital Musyarakah
      Musyarakah modal kerja dari DKI Syariah dengan                  Financing facility from DKI Syariah with a
      pagu sebesar Rp9,55 miliar yang digunakan untuk                 maximum amount of Rp9.55 billion which was
      keperluan modal kerja. Fasilitas ini akan jatuh                 used for working capital purposes. This facility
      tempo pada tanggal 29 Agustus 2024. Nisbah                      will be due on August 29, 2024. The profit
      bagi hasil porsi bank ditentukan pada saat                      sharing ratio for the bank portion is determined at
      pencairan atau penarikan pembiayaan sesuai                      the time of disbursement or withdrawal of
      Surat Pemberitahuan Indikasi Nilai Keuntungan.                  financing in accordance with the Profit Value
      Pinjaman ini dijamin dengan tagihan dan potensi                 Indication Notification Letter. This loan was
      tagihan atas proyek yang dibiayai dan unit tempat               secured by receivables and potential receivables
      usaha yang berlokasi di Rasuna Office Park                      of the financed project and business premises
      seluas 270,26 m2.                                               unit located in Rasuna Office Park covering an
                                                                      area of 270.26 m2.

      Fasilitas pembiayaan ini telah beberapa kali                    This financing facility has been restructured
      direstrukturisasi,   terakhir  pada     tanggal                 several times, the latest on August 29, 2024, and
      29 Agustus 2024 dan akan jatuh tempo pada                       will be due on August 31, 2025. The latest
      tanggal 31 Agustus 2025. Perubahan terakhir                     amendment due to increase of credit ceiling
      terkait dengan peningkatan pagu pinjaman                        amounted to Rp 11.50 billion. This loan was
      menjadi sebesar Rp11,50 miliar. Pinjaman ini                    secured by receivables and potential receivables
      dijamin dengan tagihan dan potensi tagihan atas                 obtained by PVI in 2024 and secured by Rights
      proyek yang diperoleh PVI pada tahun 2024 dan                   of Strata Title Ownership in Multi Storey Building
      Sertifikat Hak Milik Atas Satuan Rumah Susun                    Units (SHMSRS) located in Karet Kuningan,
      (SHMSRS) yang berlokasi di Kelurahan Karet                      covering an area of 442.06 m2, which is tied to a
      Kuningan seluas 442,06 m2, yang diikat dengan                   First RankMortgage of Rp15.29 billion.
      Hak Tanggungan Peringkat Pertama sebesar
      Rp15,29 miliar.

   c. PT Alami Fintek Sharia (Alami)                                c. PT Alami Fintek Sharia (Alami)

      Pada tanggal 30 Januari 2023, PVI memperoleh                    On January 30, 2023, PVI obtained a financing
      fasilitas pembiayaan dari Alami dengan pagu                     facility in the form of musyarakah facility from
      sebesar Rp2 miliar yang digunakan untuk                         Alami with a maximum amount of Rp2 billion
      keperluan modal kerja. Fasilitas ini akan jatuh                 which was used for working capital purposes.
      tempo pada tanggal 30 Januari 2024 dengan                       This facility would be due on January 30, 2024.
      biaya ujrah sebesar 1,5% pada saat penarikan.                   With an ujrah fee of 1.5% upon withdrawal. This
      Fasilitas pembiayaan ini dijamin dengan tagihan                 financing facility was secured by receivables and
      dan potensi tagihan atas proyek yang dibiayai.                  potential receivables of the financed project.


                                                          75
Page 363
PT BAKRIELAND DEVELOPMENT Tbk                               PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO CONSOLIDATED
KONSOLIDASIAN                                               FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                              FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                   DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan          (Expressed in millions of Rupiah, unless otherwise
lain)                                                       stated)

20. PEMBIAYAAN MUSYARAKAH DAN PINJAMAN                      20. SHORT-TERM MUSYARAKAH FINANCING AND
    DARI PIHAK SELAIN BANK JANGKA PENDEK                        NON-BANK LOAN (Continued)
    (Lanjutan)

      Fasilitas    ini    telah    dilunasi    pada                This facility was settled on March 25, 2024.
      tanggal 25 Maret 2024.

   Pada tanggal 31 Desember 2024 dan 2023,                      As of December 31, 2024 and 2023, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                   management believes that it has complied with all
   semua persyaratan kredit yang ditentukan dalam               the credit requirements specified in the agreements.
   perjanjian.

   Pembayaran pembiayaan musyarakah dan pinjaman                The Group's payments for short-term musyarakah
   dari pihak selain bank jangka pendek Grup pada               financing and non-bank loan in 2024 and 2023
   tahun 2024 dan 2023 masing-masing sebesar                    amounting to Rp2 billion and Rp300 million,
   Rp2 miliar dan Rp300 juta merupakan pinjaman yang            respectively, pertains to loans from BJB Syariah to
   diberikan oleh BJB Syariah ke BPL.                           BPL.


21. UTANG USAHA                                             21. TRADE PAYABLES

                                              2024               2023
    Pihak ketiga:                                                                                      Third parties
    PT Yasa Patria Perkasa                      42.500            42.500                    PT Yasa Patria Perkasa
    PT PP (Persero) Tbk                          7.940             8.940                       PT PP (Persero) Tbk
    PT Berca Schindler Lifts                     3.712             1.699                    PT Berca Schindler Lifts
    Lain-lain (masing-masing                                                                    Others (each below
        di bawah Rp2 miliar)                    57.412            62.312                          of Rp2 billion)
    Total                                     111.564            115.451                                          Total


   Rincian utang usaha berdasarkan umur utang adalah            The summary of aging schedule of trade payables is
   sebagai berikut:                                             as follows:

                                              2024               2023
    Sampai dengan 60 hari                       15.534            25.107                              Up to 60 days
    61 hari sampai 90 hari                       6.720             3.587                         61 days to 90 days
    Lebih dari 90 hari                          89.310            86.757                         More than 90 days
    Total                                     111.564            115.451                                          Total


   Seluruh utang usaha Grup dalam denominasi mata               All of the Group’s trade payables are denominated in
   uang Rupiah.                                                 Rupiah currency.


22. UTANG LAIN-LAIN                                         22. OTHER PAYABLES

   a. Liabilitas Jangka Pendek                                  a. Short-Term Liabilities

                                                2024              2023
       Pihak ketiga                                                                                     Third parties
       Arch Advisory Limited                     35.123             33.502                     Arch Advisory Limited
       PT Anam Tujuh                                  -             17.880                           PT Anam Tujuh
       Lain-lain (masing-masing                                                                  Others (each below
           di bawah Rp4 miliar)                 122.811            141.194                         of Rp4 billion)
       Total                                    157.934            192.576                                        Total


                                                       76
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PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

22. UTANG LAIN-LAIN (Lanjutan)                                22. OTHER PAYABLES (Continued)

   Arch Advisory Limited                                          Arch Advisory Limited

   Utang lain-lain kepada Arch Advisory Limited                   Other payables to Arch Advisory Limited represents
   merupakan utang Perusahaan yang berasal dari jasa              payables of the Company which were derived from
   dan penggantian biaya atas restrukturisasi utang               services and reimbursement costs related to the
   obligasi BLD Investments Pte. Ltd., Entitas Anak.              bond restructuring of BLD Investment Pte. Ltd., a
                                                                  Subsidiary.

   PT Lumbung Teknologi Envirotama                                PT Lumbung Teknologi Envirotama
   Pada tanggal 23 September 2022, PT Graha                       On September 23, 2022, PT Graha Andrasentra
   Andrasentra Propertindo Tbk (GAP), Entitas Anak,               Propertindo Tbk (GAP), a Subsidiary, and
   dan PT Lumbung Teknologi Envirotama (LTE) telah                PT Lumbung Teknologi Envirotama (LTE) signed a
   menandatangani Perjanjian Pinjaman dimana GAP                  loan agreement wherein GAP intends to borrow
   bermaksud meminjam dana kepada LTE dengan                      funds     from     LTE      with     a    ceiling  of
   plafon sebesar Rp200 miliar. Bunga atas pinjaman               Rp200 billion. Interest on the loan is 10% per annum
   adalah sebesar 10% per tahun dari total dana yang              of the total funds received by GAP. The term of the
   telah diterima oleh GAP. Jangka waktu pinjaman                 loan is 24 months and will mature on
   selama 24 bulan dan akan jatuh tempo pada tanggal              September 23, 2024. The loan is used for GAP’s
   23 September 2024. Pinjaman dipergunakan untuk                 working capital.
   modal kerja GAP.

   Pada tahun 2024, utang lain-lain ke LTE                        In 2024, other payable to LTE reclassified as non-
   direklasifikasi ke jangka panjang sehubungan dengan            current related to renewal of loan maturity date until
   perpanjangan jangka waktu sampai dengan tanggal                September 23, 2026.
   23 September 2026.

   PT Anam Tujuh                                                  PT Anam Tujuh

   Pada tanggal 4 Oktober 2022, GAP dan                           On      October       4,     2022,      GAP  and
   PT Anam Tujuh (AT) menandatangani Penegasan                    PT Anam Tujuh (AT) signed a Debt Affirmation and
   dan Pengakuan Utang dimana GAP telah menerima                  Acknowledgment whereby GAP had previously
   pembayaran uang muka pembelian tanah dari AT                   received advances from AT for the sale of land
   sebesar Rp54,40 miliar pada tahun 2016-2017 dan                amounting to Rp54.40 billion in 2016-2017 and
   AT telah membatalkan rencana pembelian tanah                   AT cancelled its plan to purchase the land.
   tersebut.

   Pada     tanggal 20    November     2023, GAP,                 On November 20, 2023, GAP, AT and
   AT dan PT Maju Sukses Nusajaya (MSN)                           PT Maju Sukses Nusajaya (MSN) signed a Transfer
   menandatangani Perjanjian Pengalihan Piutang                   of Receivables Agreement (cessie) wherein AT
   (cessie) dimana AT mengalihkan sebagian piutang                transferred a portion of its receivables from GAP
   dari GAP sebesar Rp36,5 miliar kepada MSN.                     amounting to Rp36.5 billion to MSN. Then, on
   Kemudian, pada tanggal 8 Desember 2023, GAP                    December 8, 2023, GAP settled its payable to MSN
   melunasi utang kepada MSN melalui penyerahan                   through the transfer of the advances of purchase of
   uang muka pembelian tanah (Catatan 14).                        land (Note 14).

   Pada tanggal 19 Juni 2024 dan 21 Juni 2024, AT                 On June 19, 2024 and June 21, 2024, AT
   mengalihkan (cessie) atas piutangnya pada GAP                  transferred (cessie) its receivable from GAP to BAA
   masing-masing       kepada      BAA        sebesar             amounting to Rp12.00 billion and to BCIP amounting
   Rp12,00 miliar dan kepada BCIP sebesar                         to Rp5.88 billion, so that other payable to AT is nil.
   Rp5,88 miliar, sehingga utang lain-lain kepada AT
   menjadi nihil.




                                                         77
Page 365
PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

22. UTANG LAIN-LAIN (Lanjutan)                                 22. OTHER PAYABLES (Continued)

   b. Liabilitas Jangka Panjang                                    b. Long-Term Liabilities

                                                  2024               2023
       Pihak ketiga                                                                                      Third parties
       PT Lumbung Teknologi                                                                    PT Lumbung Teknologi
           Envirotama                               69.700             69.700                          Envirotama
       Lain-lain (masing-masing                                                                   Others (each below
           di bawah Rp4 miliar)                     17.733                8.481                     of Rp4 billion)
       Total                                        87.433             78.181                                     Total


   PT Lumbung Teknologi Envirotama                                 PT Lumbung Teknologi Envirotama

   Pada tanggal 19 September 2024, GAP dan LTE                     On September 19, 2024, GAP and LTE signed an
   menandatangani Addendum Perjanjian Pinjaman                     Amendment to the Loan Agreement, wherein the
   dimana para pihak sepakat memperpanjang jangka                  parties agreed to extend the loan term for twenty
   waktu pinjaman selama dua puluh empat (24) bulan,               four (24) months, and will be due on
   dan akan jatuh tempo sampai dengan tanggal                      September 23, 2026. The loan was used for GAP’s
   23 September 2026. Pinjaman dipergunakan untuk                  working capital.
   modal kerja GAP.

   Rincian utang lain-lain berdasarkan mata uang adalah            The detail of other payables based on currencies
   sebagai berikut:                                                denominated is as follows:

                                                2024               2023
    Rupiah                                       210.244            237.255                                  Rupiah
    Dolar Amerika Serikat                         35.123             33.502                      United States Dollar
    Total                                        245.367            270.757                                     Total


23. BEBAN MASIH HARUS DIBAYAR DAN PROVISI                      23. ACCRUED EXPENSES AND PROVISION

                                                2024               2023
    Beban masih harus dibayar                                                                   Accrued expenses
    Taksiran biaya fasilitas umum                                                        Estimated public and social
        dan sosial                               274.123            275.120                   facilities expenses
    Pengembangan tanah,                                                               Development of land, buildings
        bangunan dan prasarana                    88.817             91.066                    and infrastructure
    Bunga pinjaman                                39.043             34.487                              Loan interest
    Pajak dan denda pajak                         11.333              3.721                         Tax and penalties
    Sewa                                           4.411                  -                                      Lease
    Kontraktor                                     2.446              2.428                                Contractor
    Pensiun                                            -              1.928                                   Pension
    Lain-lain (masing-masing                                                                     Others (each below
        di bawah Rp2 miliar)                      48.191             68.151                         of Rp2 billion)
    Subtotal                                     468.364            476.901                                  Subtotal
    Provisi                                                                                                Provision
    Provisi (Catatan 47a)                         85.128             81.311                     Provision (Note 47a)
    Total                                        553.492            558.212                                     Total




                                                          78
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PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

23. BEBAN MASIH HARUS DIBAYAR DAN PROVISI                     23. ACCRUED         EXPENSES         AND      PROVISION
    (Lanjutan)                                                    (Continued)

   Pengembangan tanah, bangunan dan prasarana yang                Accrued development of land, buildings and
   masih    harus   dibayar  masing-masing     pada               infrastructure development in 2024 and 2023
   tahun 2024 dan 2023, merupakan estimasi dari                   represents estimated costs for the project
   pengembangan proyek PT Mutiara Masyhur                         development of PT Mutiara Masyhur Sejahtera for
   Sejahtera atas Kahuripan Nirwana Sidoarjo,                     Kahuripan Nirwana Sidoarjo, PT Graha Andrasentra
   PT Graha Andrasentra Propertindo Tbk atas                      Propertindo Tbk for J.Sky apartment and PT Bakrie
   apartemen J.Sky dan PT Bakrie Nirwana Realty atas              Nirwana Realty for residential estate Bumi Pakuan.
   Perumahan Bumi Pakuan.


24. UANG MUKA PELANGGAN                                       24. ADVANCES FROM CUSTOMERS

                                               2024               2023
    Pihak ketiga                                                                                           Third parties
    Penjualan tanah, rumah                                                               Sales of land, residential and
       dan apartemen                            288.112            308.481                                apartment
    Penyewaan dan pengelolaan                                                             Tenants and managements
       ruang perkantoran                         19.587             18.005                         of office spaces
    Penyewa ruangan dan                                                                         Tenants of space and
       lapangan                                  16.250             15.287                                    courts
    Penyewa ruang apartemen                           -              6.386                 Tenants of units apartment
    Total pihak ketiga                          323.949            348.159                            Total third parties
    Pihak berelasi (Catatan 38e)                                                            Related parties (Note 38e)
    Penyewaan dan pengelolaan                                                              Tenants and managements
       ruang perkantoran                         16.900             17.786                        of office spaces
    Total                                       340.849            365.945                                         Total
    Dikurangi bagian yang direalisasi
       dalam satu tahun                         268.100            294.382               Less realized within one year
    Bagian jangka panjang                        72.749             71.563                         Long-term portion


   Seluruh uang muka pelanggan Grup dalam mata                    All of the Group’s advances from customers are
   uang Rupiah.                                                   denominated in Rupiah currency.

   Pada tanggal 31 Desember 2024 dan 2023, uang                   As of December 31, 2024 and 2023, advances from
   muka pelanggan terutama atas penjualan tanah,                  customers mainly consisted          of sales of land,
   rumah dan apartemen termasuk di dalamnya liabilitas            residential and apartment including contract
   kontrak merupakan uang muka penjualan tanah dan                liabilities pertaining to advances for the sales of land
   bangunan Grup yang diterima dari pelanggan yang                and buildings of the Group received from customers
   kewajibannya belum terpenuhi.                                  whose obligations have not been satisfied.


25. PENDAPATAN DITANGGUHKAN                                   25. DEFERRED INCOME

                                                2024               2023
    Pihak ketiga                                                                                           Third parties
    Penyewa ruangan, lapangan                                                                 Tenants of space, courts
       dan iuran keanggotaan                       9.087             10.622                  and membership fees
    Penyewaan dan pengelolaan                                                               Tenants and managements
       ruang perkantoran                                 55               42                       of office spaces
    Total pihak ketiga                             9.142             10.664                            Total third parties




                                                         79
Page 367
PT BAKRIELAND DEVELOPMENT Tbk                                PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                               FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                    DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan           (Expressed in millions of Rupiah, unless otherwise
lain)                                                        stated)

25. PENDAPATAN DITANGGUHKAN (Lanjutan)                       25. DEFERRED INCOME (Continued)

                                               2024               2023

    Pihak berelasi (Catatan 38f)                                                         Related parties (Note 38f)
    Penyewaan dan pengelolaan                                                           Tenants and managements
       ruang perkantoran                          6.468              5.855                     of office spaces
    Total                                        15.610             16.519                                     Total
    Dikurangi bagian yang direalisasi
       dalam satu tahun                          14.762              9.160             Less realized within one year
    Bagian jangka panjang                           848              7.359                      Long-term portion

   Pendapatan ditangguhkan terutama merupakan                    Deferred income mainly consists of excess cash
   selisih lebih antara uang yang diterima dengan                received over the income recognized.
   pengakuan pendapatan.


26. PERPAJAKAN                                               26. TAXATION

   a. Utang Pajak                                                a. Taxes Payable

                                                2024               2023
       Pajak penghasilan:                                                                             Income taxes:
          Pasal 21                                28.521             50.783                            Article 21
          Pasal 23 dan 26                          1.799              2.667                  Articles 23 and 26
          Pasal 25                                   269                141                            Article 25
          Pasal 29                                 8.851              9.932                            Article 29
          Pasal 4 (2)                             41.091             70.269                         Article 4 (2)
       Pajak Pertambahan Nilai                    47.033             89.955                       Value Added Tax
       Pajak Bumi Bangunan                        96.412             73.601                  Land and Building Tax
       Pajak Pembangunan I                         4.297              6.102                     Development Tax I
       Surat Ketetapan Pajak                                                                   Under Payment Tax
          Kurang Bayar                             3.714              3.131                  Assessment Letter
       Pajak Parkir Daerah                           539                  -                      Local Parking Tax
       Pajak Hiburan                                  71                 49                      Entertainment Tax
       Total                                     232.597           306.630                                    Total


   b. Beban Pajak Final                                          b. Final Income Tax

      Akun ini merupakan pajak penghasilan final atas               This account represents final income tax on
      penjualan tanah dan bangunan, dan persewaan                   sales of land and buildings, and rental from
      dari Entitas Anak masing-masing sebesar                       Subsidiaries amounting to Rp12.68 billion and
      Rp12,68 miliar dan Rp16,02 miliar pada tanggal                Rp16.02 billion as of December 31, 2024 and
      31 Desember 2024 dan 2023.                                    2023, respectively.

   c. Taksiran Manfaat (Beban) Pajak Penghasilan                 c. Provision for Income Tax Benefit (Expenses)

                                                 2024              2023
       Tahun berjalan - Entitas Anak               (8.266)           (8.750)             Current Year - Subsidiaries
       Tangguhan - Entitas Anak                     2.253             3.433                  Deferred - Subsidiaries
       Neto                                        (6.013)           (5.317)                                    Net




                                                        80
Page 368
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

26. PERPAJAKAN (Lanjutan)                                       26. TAXATION (Continued)

   d. Rekonsiliasi  Pajak         Penghasilan   Badan               d. Reconciliation of the Consolidated Corporate
      Konsolidasian                                                    Income Tax

      Rekonsiliasi antara rugi sebelum manfaat (beban)                 A reconciliation between loss before income tax
      pajak seperti yang disajikan dalam laporan laba                  benefit (expense) as shown in the consolidated
      rugi   dan    penghasilan     komprehensif   lain                statements of profit or loss and other
      konsolidasian dengan taksiran rugi fiskal                        comprehensive income and the estimated fiscal
      Perusahaan untuk yang berakhir pada tanggal-                     loss of the Company for the years ended
      tanggal 31 Desember 2024 dan 2023 adalah                         December 31, 2024 and 2023 is as follows:
      sebagai berikut:

                                                  2024                2023
       Rugi sebelum manfaat (beban) pajak                                               Loss before income tax benefit
           penghasilan menurut laporan                                               (expense) in the consolidated
           laba rugi dan penghasilan                                                statements of profit or loss and
           komprehensif lain konsolidasian         (95.935)         (1.117.240)       other comprehensive income
       Ditambah:                                                                                                Addition:
           Laba Entitas Anak sebelum                                              Subsidiaries’ profit before income
               manfaat pajak - neto                 55.803          1.138.880                   tax benefit - net
       Laba (rugi) sebelum manfaat (beban)                                              Profit (loss) before income tax
           pajak penghasilan yang dapat                                               benefit (expense) attributable
          diatribusikan kepada Perusahaan          (40.132)            21.640                       to the Company
       Beda tetap:                                                                              Permanent differences:
          Pajak dan denda                            1.888              2.337                       Tax and penalty
          Representasi dan                                                                     Representation and
              sumbangan                                   278              39                         donations
          Gaji, upah dan tunjangan                        231           1.093       Salaries, wages and allowance
          Penghasilan bunga yang                                                         Interest income subjected
              pajaknya bersifat final                 (485)              (565)                       to final tax
          Lain-lain                                 31.753             18.032                                 Others
       Total beda tetap                             33.665             20.936              Total permanent differences
       Taksiran penghasilan kena                                                                Estimated taxable profit
          pajak (rugi fiskal) sebelum                                                             (fiscal loss) before
          kompensasi rugi fiskal                                                          fiscal loss compensation
          tahun sebelumnya                          (6.467)            42.576                   of the previous year
       Akumulasi rugi fiskal tahun                                                            Accumulated fiscal loss of
          sebelumnya                              (197.466)          (267.551)                     the previous year
       Koreksi rugi fiskal dari Surat                                                 Fiscal losses correction from Tax
          Ketetapan Pajak                           73.986             27.509                    Assessment Letter
       Akumulasi rugi fiskal                                                                  Accumulated fiscal loss
          akhir tahun                             (129.947)          (197.466)               at the end of the year


      Dalam laporan keuangan konsolidasian ini, jumlah                 In this consolidated financial statements, the
      taksiran rugi fiskal pada tahun 2024 seperti yang                amount of estimated fiscal loss in 2024 as
      disajikan di atas akan dilaporkan oleh Perusahaan                presented above will be reported by the
      dalam Surat       Pemberitahuan (SPT) Tahunan                    Company in its Annual Income Tax Return (SPT)
      Pajak Penghasilan kepada Kantor Pelayanan                        to the Tax Office.
      Pajak.




                                                           81
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PT BAKRIELAND DEVELOPMENT Tbk                                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                            DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                stated)

26. PERPAJAKAN (Lanjutan)                                                             26. TAXATION (Continued)

   e. Pajak Tangguhan                                                                       e. Deferred Tax

      Perhitungan manfaat pajak tangguhan Grup                                                  Calculation of deferred tax benefits of the Group
      untuk tahun yang berakhir pada tanggal                                                    for the years ended December 31, 2024 and
      31 Desember 2024 dan 2023 adalah sebagai                                                  2023 is as follows:
      berikut:

                                                                                   2024
                                                                                         Dibebankan ke
                                                                                           Penghasilan
                                                            Dikreditkan                   Komprehensif
                                                           (Dibebankan)                        Lain/
                                           Pada Awal       ke Laba Rugi/ Pengambilalihan   Charged to           Pada Akhir
                                             Tahun/          Credited     Entitas Anak/       Other               Tahun/
                                         At Beginning      (Charged) to   Acquisition of Comprehensive          At End of
                                             of Year       Profit or Loss a Subsidiary       Income                Year
       Aset Pajak Tangguhan                                                                                                                Subsidiaries Deferred
       Entitas Anak                                                                                                                                    Tax Assets
        PT Bakrie Swasakti Utama                                                                                                       PT Bakrie Swasakti Utama
             (konsolidasian)                   25.652             2.256                    -            (186)        27.722                      (consolidated)
        PT Jasa Boga Raya                         179                (3)                   -               -            176                 PT Jasa Boga Raya
       Total aset pajak tangguhan              25.831             2.253                    -            (186)        27.898                Total deferred tax assets
       Liabilitas Pajak Tangguhan                                                                                                            Subsidiaries Deferred
       Entitas Anak                                                                                                                                   Tax Liabilities
       Liabilitas pajak tangguhan atas                                                                                                 Deferred tax liabilities on fair
         penyesuaian nilai wajar                                                                                                     value adjustment acquisition
         akuisisi Entitas Anak                    669              (669)                                   -                 -                     of a Subsidiary
       Entitas Anak:                                                                                                                                    Subsidiaries:
         PT Bakrie Swasakti                                                                                                              PT Bakrie Swasakti Utama
              Utama (konsolidasian)            35.549              669                2.465                -         38.683                         (consolidated)
       Total liabilitas pajak                                                                                                                     Total deferred tax
         tangguhan                             36.218                 -               2.465                -         38.683                               liabilities
       Aset (liabilitas) pajak                                                                                                                  Deferred tax assets
        tangguhan - neto                       (10.387)           2.253               (2.465)           (186)        (10.785)                     (liabilities) - net



                                                                               2023
                                                                                       Dikreditkan ke
                                                                                        Penghasilan
                                                                 Dikreditkan           Komprehensif
                                                                (Dibebankan)                Lain/
                                              Pada Awal         ke Laba Rugi/           Credited to        Pada Akhir
                                                Tahun/            Credited                 Other             Tahun/
                                            At Beginning        (Charged) to          Comprehensive        At End of
                                                of Year         Profit or Loss            Income              Year
       Aset Pajak Tangguhan                                                                                                            Subsidiaries Deferred
       Entitas Anak                                                                                                                                Tax Assets
        PT Bakrie Swasakti Utama                                                                                                   PT Bakrie Swasakti Utama
             (konsolidasian)                        21.815                 3.205                 632            25.652                       (consolidated)
        PT Jasa Boga Raya                              159                    20                   -               179                  PT Jasa Boga Raya
       Total aset pajak tangguhan                   21.974                 3.225                 632            25.831                 Total deferred tax assets

       Liabilitas Pajak Tangguhan                                                                                                        Subsidiaries Deferred
       Entitas Anak                                                                                                                               Tax Liabilities
       Liabilitas pajak tangguhan atas                                                                                             Deferred tax liabilities on fair
         penyesuaian nilai wajar                                                                                                 value adjustment acquisition
         akuisisi Entitas Anak                            669                  -                   -               669                         of a Subsidiary
       Entitas Anak:                                                                                                                                Subsidiaries:
         PT Bakrie Swasakti                                                                                                          PT Bakrie Swasakti Utama
              Utama (konsolidasian)                 35.757                  (208)                  -            35.549                          (consolidated)
       Total liabilitas pajak                                                                                                                  Total deferred tax
         tangguhan                                  36.426                  (208)                  -            36.218                                 liabilities
       Aset (liabilitas) pajak                                                                                                              Deferred tax assets
        tangguhan - neto                           (14.452)                3.433                 632            (10.387)                      (liabilities) - net




                                                                              82
Page 370
PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

26. PERPAJAKAN (Lanjutan)                                     26. TAXATION (Continued)

      Grup tidak mengakui aset pajak tangguhan yang                  The Group does not recognize deferred tax
      berasal dari rugi fiskal, karena sebagian besar                assets resulting from tax losses, due to most of
      pendapatan Grup dikenakan pajak final dan                      the Group is income is subject to final tax, and
      Entitas Anak      yang pendapatannya tidak                     for the Subsidiaries whose income is not subject
      dikenakan pajak final, manajemen berpendapat                   to final tax, management believes that there is
      bahwa terdapat ketidakpastian Entitas Anak                     uncertainty on the Subsidiaries for having
      dalam memperoleh laba kena pajak yang                          taxable profit which enables the utilization of the
      memungkinkan       pemanfaatan     aset   pajak                deferred tax assets from the tax losses.
      tangguhan dari rugi fiskal.

   f. Surat Ketetapan Pajak Kurang Bayar                          f. Underpayment Tax Assessment Letter

      Pada tanggal 31 Desember 2024 dan 2023, Surat                  On December 31, 2024 and 2023, Tax
      Ketetapan Pajak Kurang Bayar (SKPKB) dan                       Underpayment Assessment Letter (SKPKB) and
      Surat Tagihan Pajak (STP) terkait beberapa jenis               Tax Invoice Letter (STP) were issued regarding
      pajak beserta dengan sanksi pajak yang harus                   several types of taxes, along with the tax
      dibayar oleh Grup, terutama milik Perusahaan dan               penalties to be paid by the Group, mainly those
      BSU.                                                           of the Company and BSU.

      Pada tanggal 31 Desember 2024 dan 2023, saldo                  As of December 31, 2024 and 2023, the
      utang pajak SKPKB masing-masing sebesar                        outstanding balance of SKPKB tax payables
      Rp3,71 miliar dan Rp3,13 miliar.                               amounted to Rp3.71 billion and Rp3.13 billion,
                                                                     respectively.

      Pada tanggal 31 Desember 2024 dan 2023,                        As of December 31, 2024 and 2023, accrued
      sanksi denda dan bunga pajak masih harus                       taxes penalties and interest on SKPKB are
      dibayar atas SKPKB disajikan sebagai bagian dari               presented as part of “Accrued Expenses”
      akun “Beban Masih Harus Dibayar” dalam laporan                 accounts in the consolidated statement of
      posisi keuangan konsolidasian (Catatan 23).                    financial position (Note 23).

   g. Tarif Pajak                                                 g. Tax Rates

      Pendapatan Grup dari pengalihan hak atas tanah                 Revenue of the Group from the transfer of rights
      dan/atau bangunan dikenakan pajak final sebesar                on land and/or buildings is subject to final tax of
      5% sampai dengan 7 September 2016 dan                          5% until September 7, 2016 and thereafter at
      setelah itu sebesar 2,5%, sedangkan pendapatan                 2.5%, while revenue from the lease is subject to
      dari sewa dikenakan pajak final sebesar 10%.                   final tax of 10%.

      Untuk pendapatan Grup yang tidak terkena pajak                 Revenue of the Group which is not subject to
      final, dikenakan tarif sebesar 22% atas jumlah                 final tax, is taxed 22% on the amount of its
      penghasilan kena pajak.                                        taxable income.

      Berdasarkan Peraturan Pemerintah Pengganti                     Pursuant to Government Regulation in Lieu of
      Undang-Undang Republik Indonesia No. 1 Tahun                   Law of the Republic of Indonesia No. 1 Year
      2020 tanggal 31 Maret 2020 dan telah ditetapkan                2020 dated March 31, 2020 and has been
      menjadi Undang-Undang No. 2 Tahun 2020.                        established as Law No. 2 Year 2020.The
      Kebijakan     di  bidang  Perpajakan     berupa                Taxation Policy in the form of an adjustment of
      penyesuaian tarif pajak penghasilan badan                      corporate income tax rate become 22% which
      menjadi sebesar 22% yang berlaku pada tahun                    applies commencing in the fiscal years 2020 and
      pajak 2020 dan 2021, dan sebesar 20% yang                      2021, and 20% applicable commencing from the
      berlaku mulai tahun pajak 2022. Wajib pajak                    fiscal year 2022. Domestic taxpayers in the form
      dalam negeri yang berbentuk perseroan terbuka                  of public listed companies with the number of
      dengan jumlah saham yang diperdagangkan pada                   shares traded on the Indonesian stock exchange
      bursa efek di Indonesia minimal 40%, dapat                     of at least 40%, can obtain a lower rate of 3% of
      memperoleh tarif lebih rendah 3% dari tarif                    the aforementioned rate.
      tersebut di atas.




                                                         83
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

26. PERPAJAKAN (Lanjutan)                                       26. TAXATION (Continued)

      Pada tanggal 29 Oktober 2021, Pemerintah                         On October 29, 2021, the Government issued
      menerbitkan UU No. 7 Tahun 2021 tentang                          Law No. 7 of 2021 on the Harmonization of Tax
      Harmonisasi Peraturan Perpajakan, yang di                        Regulations, which stipulates that the corporate
      dalamnya menetapkan tarif pajak penghasilan                      income tax rate for 2022 is 22%, wherein the
      badan untuk tahun 2022 adalah sebesar 22%, di                    Government canceled the previous regulation,
      mana    Pemerintah   membatalkan    peraturan                    Law No. 2 of 2020 which stated that the
      sebelumnya yaitu UU No. 2 Tahun 2020 yang                        corporate income tax rate is 20%.
      menyebutkan tarif pajak penghasilan badan
      sebesar 20%.

   h. Administrasi                                                  h. Administration

      Di bawah Undang-Undang Perpajakan yang                           Under the taxation laws of Indonesia, companies
      berlaku di Indonesia, perusahaan menyerahkan                     submit tax returns on the basis of self-
      SPT berdasarkan penilaian sendiri.                               assessment.

      Berdasarkan       Undang-undang        Perpajakan                Based on Taxation Law No. 28/2007 concerning
      No. 28/2007 mengenai Ketentuan Umum dan Tata                     the General Provision and Procedure of
      Cara Perpajakan, DJP dapat menetapkan dan                        Taxation, DGT may assess or amend the tax
      mengubah liabilitas pajak tersebut dalam batas                   liability within five (5) years from the time the tax
      waktu lima (5) tahun sejak saat terutangnya pajak.               becomes due.


27. UTANG BANK JANGKA PANJANG                                   27. LONG-TERM BANK LOANS

                                                  2024               2023
    PT Bank Mayapada Internasional Tbk            221.000                   -      PT Bank Mayapada Internasional Tbk
    PT Bank Tabungan Negara                                                                 PT Bank Tabungan Negara
       (Persero) Tbk                              110.368            125.768                          (Persero)Tbk
    PT Bank KB Bukopin Tbk                         91.958            106.743                 PT Bank KB Bukopin Tbk
    PT Bank Perkreditan Rakyat Delta                                                  PT Bank Perkreditan Rakyat Delta
       Artha (Perseroda)                           80.760                  -                      Artha (Perseroda)
    PT BPR Intidana Sukses Makmur                  15.752             19.067           PT BPR Intidana Sukses Makmur
    PT Bank Perkreditan Rakyat Hariarta                                            PT Bank Perkreditan Rakyat Hariarta
       Sedana                                      12.808                  -                                Sedana
    PT Bank Panin Tbk                                 441                833                        PT Bank Panin Tbk
    Total                                         533.087            252.411                                          Total
    Dikurangi bagian yang tempo
       dalam waktu satu tahun                     165.784             62.271                          Less current portion
    Bagian jangka panjang                         367.303            190.140                          Long-term portion


   a. PT Bank        Mayapada     Internasional     Tbk             a. PT Bank Mayapada              Internasional     Tbk
      (Mayapada)                                                       (Mayapada)

      Pada tanggal 29 April 2024, PT Mutiara Masyhur                   On April 29, 2024, PT Mutiara Masyhur
      Sejahtera (MMS), Entitas Anak, memperoleh surat                  Sejahtera (MMS), a Subsidiary, obtained a letter
      persetujuan dari Mayapada atas restrukturisasi                   of approval from Mayapada for the restructuring
      fasilitas kredit dengan pagu pinjaman sebesar                    credit facility with a maximum amount of
      Rp250 miliar, serta tingkat suku bunga menjadi                   Rp250 billion, bearing an annual interest rate of
      12% per tahun dan akan jatuh tempo pada tanggal                  12% and will be due on March 30, 2027.
      30 Maret 2027. Sehingga, saldo utang bank yang                   Furthermore, the bank loan previously presented
      sebelumnya disajikan sebagai bagian dari akun                    as part of short-term bank loans was reclassified
      utang bank jangka pendek direklasifikasi menjadi                 to long-term bank loans effective upon the
      utang bank jangka panjang efektif setelah proses                 completion of the restructuring process.
      restrukturisasi tersebut selesai.


                                                           84
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                       27. LONG-TERM BANK LOANS (Continued)

      Pinjaman tersebut dijamin dengan tanah untuk                    The loan was collateralized by land for
      pengembangan yang dimiliki oleh MMS dan                         development owned by MMS and its Subsidiary,
      Entitas Anak dengan jaminan berupa Sertifikat                   secured by a Building Right of Use Certificate
      Hak Guna Bangunan (SHGB) seluas 468.206 m2,                     (SHGB) with an area of 468,206 m2, located in
      berlokasi di kecamatan Sukodono, Krian dan                      the subdistricts of Sukodono, Krian and
      Wonoayu.                                                        Wonoayu.

   b. PT Bank Tabungan Negara (Persero) Tbk (BTN)                  b. PT Bank Tabungan Negara (Persero) Tbk
                                                                      (BTN)

      Rincian pinjaman kepada BTN adalah sebagai                      The detail of loan to BTN is as follows:
      berikut:

                                                   2024              2023
       PT Bumi Daya Makmur                          84.250            90.250                      PT Bumi Daya Makmur
       PT Graha Multi Insani                        26.118            35.518                       PT Graha Multi Insani
       Total                                       110.368           125.768                                      Total


      1. Pada       tanggal     22     April      2013,               1. On April 22, 2013, PT Bumi Daya Makmur
         PT Bumi Daya Makmur (BDM), Entitas Anak,                        (BDM), a Subsidiary, obtained a Construction
         memperoleh fasilitas Kredit Konstruksi dari                     Credit facility from BTN with a credit ceiling
         BTN dengan jumlah maksimum sebesar                              amounted to Rp175 billion. The loan was
         Rp175 miliar. Pinjaman tersebut ditujukan                       intended for the construction of 324 units of
         untuk pembangunan kondotel Ocea sebanyak                        Ocea condotel with a loan period of four
         324 unit dengan jangka waktu pinjaman                           (4) years. This loan bears an annual interest
         selama empat (4) tahun. Pinjaman ini dikenai                    rate of 13.50%. This loan was secured with
         tingkat suku bunga sebesar 13,50% per tahun.                    SHGB No. 327 under the name of BDM, a
         Pinjaman ini dijamin dengan kepemilikan                         Subsidiary,        with   an     area        of
         SHGB No. 327 atas nama BDM, Entitas Anak,                       11,052 m2,corporate guarantee from the
         seluas 11.052 m2, corporate guarantee dari                      Company, standing instructions signed by
         Perusahaan, standing instructions yang                          authorized parties and cessie of receivables
         ditandatangani oleh pihak yang sah dan cessie                   from BDM, a Subsidiary, related to all Ocea
         atas piutang BDM, Entitas Anak, terkait semua                   condotel projects.
         proyek kondotel Ocea.

         Fasilitas pinjaman ini telah beberapa kali                      This loan agreement has been restructured
         direstrukturisasi, terakhir pada    tanggal                     several times, the latest on August 22, 2022,
         22 Agustus 2022, dan akan jatuh tempo pada                      and will be due on December 24, 2027.
         tanggal 24 Desember 2027.

         Restrukturisasi pinjaman dari BTN, antara lain                  Restructuring approval from BTN, among
         sebagai berikut:                                                others, are as follows:
         a) Perpanjangan jangka waktu pinjaman                           a) Extension      of    the loan term to
            menjadi      sampai     dengan     tanggal                      December 24, 2027;
            24 Desember 2027;
         b) Kewajiban         pembayaran        bunga                    b) Interest payment is deferred at 90% and
            ditangguhkan sebesar 90% dan tetap                              remains payable at 6% for 12 months, and
            dibayarkan sebesar 6% selama 12 bulan,                          can be reviewed every six (6) months with
            dan dapat dilakukan reviu setiap enam (6)                       consideration of the debtor's business
            bulan dengan melihat kondisi usaha                              condition;
            debitur;
         c) Seluruh tunggakan bunga yang ada dan                         c) All existing interest arrears and deferred
            bunga yang ditangguhkan dibayarkan pada                         interest are paid upon the change of
            saat perubahan jadwal pembayaran pokok                          principal payment schedule.
            pinjaman.




                                                          85
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

      2. Pada      tanggal    16     Januari      2013,                  2. On January 16, 2013, PT Graha Multi Insani
         PT Graha Multi Insani (GMI), Entitas Anak,                         (GMI), a Subsidiary, obtained a Credit
         memperoleh fasilitas Kredit Konstruksi dari                        Construction facility from BTN with a credit
         BTN dengan jumlah maksimum sebesar                                 ceiling of Rp70 billion. This loan bears an
         Rp70 miliar. Pinjaman ini dikenakan tingkat                        annual interest rate of 13.50%. This loan
         suku bunga tahunan sebesar 13,50% dengan                           bears an annual interest rate of 13.50% with a
         periode pinjaman 36 bulan yang jatuh tempo                         loan period of 36 months which will mature on
         pada tanggal 16 Januari 2016. Pinjaman ini                         January 16, 2016. This loan was secured with
         dijamin dengan SHGB No. 90/Mantrijeron                             SHGB No. 90/Mantrijeron with an area of
         seluas 8.761 m2, yang berlokasi di Mantrijeron,                    8,761 m2, located at Mantrijeron, Yogyakarta
         Yogyakarta atas nama GMI, Entitas Anak, dan                        owned by GMI, a Subsidiary, and cessie of
         cessie atas piutang usaha terkait proyek                           trade receivables associated with Awana
         Awana Kondotel dan Town House Yogyakarta.                          Condotel and Town House Yogyakarta
                                                                            project.

         Fasilitas pinjaman ini telah beberapa kali                         This loan agreement has been restructured
         direstrukturisasi, terakhir pada   tanggal                         several times, the latest on April 21, 2022,
         21 April 2022 dan akan jatuh tempo pada                            and will be due on December 16, 2025.
         tanggal 16 Desember 2025.

   c. PT Bank KB Bukopin Tbk (Bukopin)                                c. PT Bank KB Bukopin Tbk (Bukopin)

      Rincian pinjaman kepada Bukopin adalah sebagai                     The detail of loan to Bukopin is as follows:
      berikut:

                                                     2024               2023
       PT Graha Andrasentra                                                                         PT Graha Andrasentra
          Propertindo Tbk                              91.398           101.287                        Propertindo Tbk
       PT Bakrie Swasakti Utama                           560             5.456                  PT Bakrie Swasakti Utama
       Total                                           91.958           106.743                                         Total


      1. Pada      tanggal      31       Maret       2016,               1. On March 31, 2016, PT Graha Andrasentra
         PT Graha Andrasentra Propertindo Tbk (GAP),                        Propertindo Tbk (GAP), a Subsidiary,
         Entitas Anak, memperoleh fasilitas kredit                          obtained an investment credit facility (Credit
         investasi (Fasilitas Kredit I) yang akan                           Facility I) from Bukopin that was used for
         digunakan     untuk     pembiayaan       kembali                   refinancing The Jungle Water Park Bogor with
         The Jungle Waterpark Bogor dari Bukopin                            a credit ceiling amounting to Rp45 billion. This
         dengan jumlah pagu pinjaman sebesar                                credit facility bears an annual interest rate of
         Rp45 miliar. Fasilitas kredit ini dikenai tingkat                  13% and was to be due on March 31, 2021.
         bunga tahunan sebesar 13% dan jatuh tempo                          This loan is secured with 12 SHGB of land
         pada tanggal 31 Maret 2021. Pinjaman ini                           and building with a total area of 68,998 m2
         dijaminkan dengan 12 SHGB atas tanah dan                           and 50 Certificate of Property Rights on
         bangunan seluas 68.998 m2 dan 50 Sertifikat                        Apartments (SHMARS) of Condotel Tower D
         Hak Milik Atas Satuan Rumah Susun                                  Aston Bogor Hotel and Resort.
         (SHMARS) atas unit kondotel Aston Bogor
         Hotel dan Resort Tower D.

      2. Pada tanggal 16 Mei 2013, GAP memperoleh                        2. On May 16, 2013, GAP obtained an
         fasilitas kredit investasi (Fasilitas Kredit II)                   investment credit facility (Credit Facility II)
         untuk pengembangan kawasan Bogor Nirwana                           from Bukopin amounting to Rp75 billion,
         Residence dari Bukopin sebesar Rp75 miliar.                        which was used for the development of Bogor
         Fasilitas kredit ini akan jatuh tempo pada bulan                   Nirwana Residence area. This credit facility
         Juni 2020 dan dikenakan tingkat suku bunga                         was to be due in June 2020 and bears an
         tahunan sebesar 11%. Pinjaman ini dijaminkan                       annual interest rate of 11%. This loan is
         dengan 12 SHGB atas tanah dan bangunan                             secured with 12 SHGB of land and building
         seluas 68.998 m2 dan 50 Sertifikat Hak Milik                       with an area of 68,998 m2 and 50 Certificates
         Atas Satuan Rumah Susun (SHMARS) atas                              of Property Rights on Apartments (SHMARS)
         unit kondotel Aston Bogor Hotel dan Resort                         of Condotel Tower D Aston Bogor Hotel and
         Tower D.                                                           Resort.

                                                             86
Page 374
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                         27. LONG-TERM BANK LOANS (Continued)

         Fasilitas kredit di atas telah direstrukturisasi                 The above credit facilities have been
         beberapa      kali,    terakhir pada    tanggal                  restructured several times, the latest being on
         30 April 2024, di mana GAP memperoleh                            April 30, 2024, wherein GAP obtained an
         persetujuan restrukturisasi atas seluruh                         approval for the restructuring of all credit
         fasilitas kredit dari Bukopin berdasarkan surat                  facilities from Bukopin based on the
         persetujuan Restrukturisasi Fasilitas Kredit                     Restructuring of Credit Facilities approval
         untuk         mendapatkan         perpanjangan                   letter to obtain an extension of installment
         pembayaran angsuran yang harus dibayar                           payments to be paid by GAP as follows:
         oleh GAP sebagai berikut:
         - Jatuh tempo pinjaman telah diperpanjang                        -   Loan maturity date has been extended to
             menjadi Agustus 2028 untuk Fasilitas                             August, 2028 for Credit Facilities I and II.
             Kredit I dan II.
         - Tingkat suku bunga tahunan sebesar                             -   Annual interest rate is 12.5%.
             12,5%.
         - Pembayaran pokok pinjaman dan bunga                            -   Payment of principal and interest will be
             akan dibayar setiap akhir bulan (sesuai                          paid at the end of each month (based on
             dengan jadwal pembayaran kembali).                               repayment schedule).
         - Suku bunga kembali normal mulai bulan ke-                      -   Interest rates return to normal from the
             13 sampai dengan lunas.                                          13th month until paid off.
         -   Bunga yang ditangguhkan dibayarkan pada                      -   Deferred interest is paid in the 25th month
             bulan ke-25 sampai dengan jatuh tempo.                           until maturity date.
         -   GAP wajib menurunkan pokok pinjaman                          -   GAP is required to reduce the loan
             setiap tahunnya mulai tahun 2024 sampai                          principal every year starting in 2024 until it
             dengan lunas, baik dari surplus arus kas                         is paid off, whether from cash flow surplus
             maupun penjualan aset (jaminan maupun                            or sale of assets (collateral or non-
             non-jaminan) dan apabila terjadi penurunan                       collateral) and if there is a decrease in the
             pokok pinjaman di luar jadwal, agar segera                       loan principal excluding of payment
             dilakukan perubahan jadwal pembayaran.                           schedule, the changes must be revised
                                                                              immediately.

         Berdasarkan perjanjian kredit dengan Bukopin,                    According to the loan agreement with
         selama fasilitas kredit belum dilunasi, GAP                      Bukopin, if the credit is not yet fully paid, GAP
         dibatasi untuk melakukan hal-hal tersebut                        is restricted from performing the following
         di bawah ini tanpa persetujuan tertulis dari                     actions without prior written approval from
         Bukopin:                                                         Bukopin:
         1. Memberikan pinjaman kepada anggota                            1. Provide loans to other Group members or
             Grup yang lain atau kepada pihak lain yang                       other parties which are not related to the
             tidak berkaitan dengan bidang usaha GAP.                         Company’s business line.
         2. Melakukan            pembayaran/pelunasan                     2. Pay off/settle any loans to shareholders.
             pinjaman kepada pemegang saham.
         3. Melakukan overdraft dan cross selling.                        3. Perform overdraft and cross selling.
         4. Melakukan         perubahan      komposisi                    4. Perform changes to composition              of
             pemegang saham.                                                 shareholders.

         Pada tahun 2024 dan 2023, pembayaran atas                        In 2024 and 2023, payments for this facility
         fasilitas   ini   masing-masing  sebesar                         amounted to Rp9.9 billion and Rp4.7 billion,
         Rp9,9 miliar dan Rp4,7 miliar.                                   respectively.

         Pada tanggal 31 Desember 2024 dan 2023,                          As of December 31, 2024 and 2023, the
         manajemen      Grup  berkeyakinan     telah                      Group’s management believes that it has met
         memenuhi semua persyaratan yang ditentukan                       all the requirements specified in the
         dalam perjanjian.                                                agreements.




                                                            87
Page 375
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

      3. Pada bulan Juli 2014, BSU, Entitas Anak,                        3. In July, 2014, BSU, a Subsidiary, obtained an
         memperoleh fasilitas pinjaman kredit investasi                     investment credit loan facility from Bukopin
         dari Bukopin dengan jumlah maksimum                                with a maximum amount of Rp45 billion. This
         sebesar Rp45 miliar. Fasilitas pinjaman ini                        loan facility bears an annual interest rate of
         dikenai tingkat suku bunga sebesar 14% per                         14% and will be due within 60 months. This
         tahun dan akan jatuh tempo selama 60 bulan.                        loan was secured by the Certificate of
         Pinjaman ini dijamin dengan Sertifikat Hak                         Property Rights on Apartments (SHMARS)
         Milik Atas Satuan Rumah Susun (SHMARS)                             owned by BSU of 79 condotel units with a
         atas nama BSU untuk 79 unit condotel dengan                        total area of 6,398 m2 and two (2) units of
         jumlah luasan 6.398 m2 dan dua (2) unit ruang                      office space in Bakrie Tower with a total area
         kantor di Bakrie Tower dengan jumlah luasan                        of 2,860.7 m2. BSU has withdrawn all the
         2.860,7 m2. BSU telah mencairkan seluruh                           available credit facilities amounting to
         fasilitas pinjaman yang tersedia sebesar                           Rp45 billion.
         Rp45 miliar.

         Sehubungan dengan pinjaman tersebut di atas,                       In relation to the above loans, BSU is obliged
         BSU diwajibkan memenuhi persyaratan                                to fulfill certain requirements, which, among
         tertentu, antara lain:                                             others are:
         1. Menyesuaikan posisi utang PT Superwish                          1. Adjusting the payables of PT Superwish
             Perkasa (SP) dengan posisi outstanding                             Perkasa (SP) to the latest outstanding
             utang terakhir setelah dilakukan pelunasan                         payables after partial repayment and
             sebagian dan tercatat di dalam laporan                             carried in BSU’s financial statement as of
             keuangan BSU per September 2014;                                   September 2014;
         2. Menyerahkan letter of comfort dari                              2. Submitting a letter of comfort from the
             Perusahaan, pemegang saham, yang isinya                            Company, the shareholder, which stated if
             apabila terjadi cashflow negatif maka                              there is negative cash flow, the Company
             Perusahaan wajib memenuhi seluruh                                  has to fulfill all of the obligation to Bukopin;
             kewajiban kepada Bukopin;
         3. Menyerahkan laporan performance Aston                           3. Providing a Performance Report of Aston
             Rasuna Hotel Epicentrum Jakarta yang                              Rasuna Hotel Epicentrum Jakarta that
             mencantumkan occupancy ratio, average                             contains the occupancy ratio, average
             room rate dan laba rugi setiap bulannya;                          room rates and profit or loss every month;
         4. Menyerahkan laporan performance atas                            4. Providing performance report of office
             space kantor (Bakrie Tower lantai 41-42,                          space (Bakrie Tower floors 41-42, Wisma
             Gedung Wisma Bakrie 1 dan Gedung                                  Bakrie 1 and Wisma Bakrie 2) that
             Wisma Bakrie 2) yang meliputi laporan                             includes the occupancy report, rental price
             occupancy dan harga sewa serta service                            and service charge as well as list of
             charge beserta daftar tenant;                                     tenants;
         5. Menyerahkan laporan performance atas                            5. Providing performance reports on Plaza
             operasional Plaza Festival yang meliputi                          Festival operations covering occupancy
             laporan occupancy ratio, dan harga sewa                           ratio reports, and rental price and service
             serta service charge beserta daftar tenant;                       charge along with a tenant list;
         6. Jaminan diasuransikan Property All Risk                         6. The guarantee is insured of Property All
             (PAR) dengan banker’s clause Bukopin                              Risk (PAR) with banker’s clause of
             pada asuransi rekanan Bukopin dan ditutup                         Bukopin by Bukopin’s insurance partner
             melalui PT Bina Dana Sejahtera;                                   and closed through PT Bina Dana
                                                                               Sejahtera;
         7. Menjaga rasio jaminan minimal 1:1,25 dari                       7. Maintaining the minimum guarantee ratio
            nilai likuidasi jaminan.                                           of 1:1.25 of the guarantee liquidation
                                                                               value.
         Perjanjian ini telah mengalami perubahan,                          This agreement has been amended, the latest
         terakhir pada tanggal 28 Juli 2021, BSU                            on July 28, 2021, BSU obtained a letter of
         memperoleh surat persetujuan restrukturisasi                       approval for the restructuring of credit facilities
         fasilitas kredit dari Bukopin mengenai                             from Bukopin regarding the change in loan
         perubahan jatuh tempo pada tanggal 31 Maret                        maturity to March 31, 2025, change of interest
         2025, perubahan tingkat suku bunga menjadi                         rate to 12% p.a., and change of principal and
         12% per tahun, serta perubahan jadwal                              interest payment schedule. Interest and
         pembayaran pokok dan bunga. Bunga dan                              penalties from the previous restructuring loan
         denda       dari    pinjaman      restrukturisasi                  will be paid in the 19th month since the
         sebelumnya akan dibayarkan pada bulan ke-19                        restructuring until the credit facility is paid off
         sejak restrukturisasi sampai dengan fasilitas                      on a prorated basis including changes are as
         kredit lunas secara prorata, termasuk beberapa                     follows:
         perubahan sebagai berikut:

                                                             88
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PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                             DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                              27. LONG-TERM BANK LOANS (Continued)
         1. BSU diwajibkan memenuhi persyaratan                                 1. BSU is required to meet additional
            tambahan, antara lain:                                                 requirements, including:
             a. BSU wajib mendahulukan pembayaran                                 a. BSU is required to prioritize payment of
                kewajiban kepada PT Bank KB                                           obligations to PT Bank KB Bukopin Tbk
                Bukopin Tbk sebelum pembayaran                                        before payment to other third parties.
                kepada pihak ketiga lainnya.
             b. Apabila BSU wanprestasi, maka                                     b. If BSU defaults, then all obligations and
                seluruh kewajiban dan keringanan                                     relief provided will be recalculated so
                yang        telah       diberikan        akan                        that     according    to     the    Bank's
                diperhitungkan       kembali.      Sehingga                          assessment, BSU does not have the
                menurut penilaian Bank, BSU tidak                                    ability to settle credit obligations, then
                memiliki          kemampuan             untuk                        the bank has the right to conduct a
                menyelesaikan         kewajiban        kredit,                       direct auction/execution or transfer the
                dengan       demikian       bank      berhak                         Bank's collection rights to a third party.
                melakukan lelang/eksekusi secara
                langsung atau mengalihkan hak tagih
                Bank kepada pihak ketiga.
             c. Pembayaran          kembali       (termasuk                       c. The repayment schedule (including
                pembayaran bunga) ditinjau setiap                                    interest payments) is reviewed every
                bulan                dan               dapat                         month and can be adjusted/increased
                disesuaikan/ditingkatkan oleh bank                                   by the bank at any time if BSU's
                sewaktu-waktu apabila kondisi usaha                                  business conditions improve.
                BSU membaik.
             d. BSU diperkenankan untuk melakukan                                 d. BSU        can       make     accelerated
                percepatan         pembayaran/pelunasan                              payments/settlements and is not
                tanpa dikenakan denda.                                               subject to penalties.
             e. Jaminan dinilai kembali (relaksasi)                               e. The guarantee will be reassessed
                sekurang-kurangnya setiap 12 (dua                                    (relaxed) at least every 12 (twelve)
                belas) bulan sekali oleh perusahaan                                  months by an independent appraisal
                penilai independen rekanan bank                                      company partnering with the bank in
                sesuai ketentuan bank.                                               accordance with bank regulations.
             f. Seluruh jaminan dibebani dengan                                   f. All collateral is burdened with the bank's
                banker's clause melalui perusahaan                                   banker's clause through the bank's
                asuransi rekanan bank sampai dengan                                  partner insurance company until the
                fasilitas kredit lunas.                                              credit facility is completed.
             g. Fasilitas kredit ini dapat menjadi non-                           g. This credit facility can be non-
                restruktur bila telah lancar sesuai                                  restructured if it has been smooth in
                dengan restrukturisasi kredit.                                       accordance with the credit restructuring.
         2. Pelepasan jaminan semula, antara lain:                              2. Changes to the original guarantee, among
                                                                                   others:
             a. 79 unit kondotel dengan total luas                                 a. 79 condotel units with a total area of
                6.398 m2 menjadi 40 unit kondotel                                      6,398 m2 become 40 condotel units
                dengan total luas 3.460 m2.                                            with a total area of 3,460 m2.
             b. 2 unit ruang kantor di Bakrie Tower                                b. 2 units of office space in Bakrie Tower
                seluas 2.860,7 m2 menjadi 1 unit                                       with a total area of 2,860.7 m2 become
                dengan luas 1.430,35 m2.                                               1 unit with a total area of 1,430.35 m2.
         Pinjaman ini telah dilunasi pada tanggal                               This loan was settled on February 28, 2025.
         28 Februari 2025 (Catatan 48a).                                        (Note 48a).
      4. Pada tanggal 29 Juli 2015, BSU, Entitas Anak,                       4. On July 29, 2015, BSU, a Subsidiary,
         memperoleh fasilitas pinjaman kredit investasi                         obtained an investment credit facility from
         dari Bukopin dengan jumlah maksimum                                    Bukopin with credit ceiling amounted to
         sebesar Rp30 miliar. Fasilitas pinjaman ini                            Rp30 billion. This loan facility bears an annual
         dikenai tingkat suku bunga sebesar 14% per                             interest rate of 14% and will be due within
         tahun, dan akan jatuh tempo selama 72 bulan.                           72 months. This loan was secured with
         Pinjaman ini dijamin dengan Sertifikat Hak Milik                       Certificate of Property Rights on Apartments
         Atas Satuan Rumah Susun (SHMASRS) atas                                 (SHMASRS) under the name of BSU for
         nama BSU untuk 49 unit Kondotel dengan                                 49 units condotel with a total area of
         jumlah luasan 4.219 m2 dan 2 unit ruang                                4,219 m2 and 2 units of office space with a
         kantor di Bakrie Tower dengan jumlah luasan                            total area of 2,860.7 m2. BSU has withdrawn
         2.860,7 m2. BSU telah mencairkan seluruh                               all the available credit facilities amounting to
         fasilitas pinjaman yang tersedia sebesar                               Rp30 billion.
         Rp30 miliar.

                                                                 89
Page 377
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

         Sehubungan dengan pinjaman tersebut di atas,                       In relation to the above loans, BSU is obliged
         BSU diwajibkan memenuhi persyaratan                                to fulfill certain requirements, which, among
         tertentu, antara lain:                                             others are:
         1. Menyesuaikan posisi utang PT Bumi Daya                          1. Adjusting the payables of PT Bumi Daya
             Makmur (BDM) harus disesuaikan dengan                              Makmur (BDM) to the latest outstanding of
             posisi outstanding utang terakhir setelah                          payables after partial payment and carried
             dilakukan pelunasan sebagian dan tercatat                          in BSU’s financial statement as of
             di dalam laporan keuangan BSU pada                                 September 30, 2015;
             tanggal 30 September 2015;
         2. Menyerahkan letter of comfort dari                              2. Submitting a letter of comfort from the
             Perusahaan, yang isinya apabila terjadi                           Company, which stated if there is negative
             cash flows negatif maka Perusahaan wajib                          cash flows, the Company has to fulfill all of
             memenuhi seluruh kewajiban kepada                                 the obligations to Bukopin;
             Bukopin;
         3. Menyerahkan laporan performance Aston                           3. Provide a Performance Report of Aston
             Rasuna Hotel Epicentrum Jakarta yang                              Rasuna Hotel Epicentrum Jakarta that
             mencantumkan occupancy ratio, average                             contains occupancy ratio, average room
             room rate dan laba rugi setiap bulannya;                          rates and profit or loss every month;
         4. Menyerahkan laporan performance atas                            4. Provide performance report of office space
             space kantor (Bakrie Tower lantai 41-42,                          (Bakrie Tower floor 41-42, Wisma Bakrie 1
             Gedung Wisma Bakrie 1 dan Gedung                                  and Wisma Bakrie 2) that includes
             Wisma Bakrie 2) yang meliputi laporan                             occupancy report, rental price and service
             occupancy dan harga sewa serta service                            charge as well as list of tenants;
             charge beserta daftar tenant;
         5. Menyerahkan laporan performance atas                            5. Providing performance reports on Plaza
             operasional Plaza Festival yang meliputi                          Festival operations covering occupancy
             laporan occupancy ratio, dan harga sewa                           ratio report, and rental price and service
             serta service charge beserta daftar tenant;                       charge along with a tenant list;
         6. Jaminan diasuransikan Property All Risk                         6. The guarantee is insured by Property All
             (PAR) dengan banker’s clause Bukopin                              Risk (PAR) with banker’s clause of
             pada asuransi rekanan Bukopin dan ditutup                         Bukopin by Bukopin’s insurance partner
             melalui PT Bina Dana Sejahtera;                                   and closed through PT Bina Dana
                                                                               Sejahtera;
         7. Menjaga rasio jaminan minimal 1:1,25 dari                       7. Maintaining the minimum guarantee ratio
            nilai likuidasi jaminan.                                           of 1:1.25 of the guarantee liquidation
                                                                               value.

         Perjanjian ini telah diperbaharui terakhir pada                    This agreement has been amended, the latest
         tanggal 28 Juli 2021, BSU memperoleh surat                         on July 28, 2021, BSU obtained a letter of
         persetujuan restrukturisasi fasilitas kredit dari                  approval for the restructuring of credit facilities
         Bukopin mengenai perubahan jatuh tempo                             from Bukopin regarding the change in
         pada tanggal 31 Maret 2025, perubahan tingkat                      maturity to March 31, 2025, change of interest
         suku bunga menjadi 12% per tahun, serta                            rate to 12% p.a., and change of principal and
         perubahan jadwal pembayaran pokok dan                              interest payment schedule. Interest and
         bunga. Bunga dan denda atas restrukturisasi                        penalties from the previous restructuring loan
         yang terdahulu dibayarkan pada bulan ke-19                         are paid in the 19th month since the
         sejak restrukturisasi sampai dengan fasilitas                      restructuring until the credit facility is paid off
         kredit lunas secara prorata.                                       on a prorated basis.

         Pinjaman ini telah dilunasi pada tanggal                           This   loan    has        been      settled     on
         4 Januari 2024.                                                    January 4, 2024.

   d. PT Bank Perkreditan Rakyat (BPR) Delta Artha                    d. PT Bank Perkreditan Rakyat (BPR) Delta
      (Perseroda) (BPR Delta)                                            Artha (Perseroda) (BPR Delta)

      Rincian pinjaman kepada BPR Delta adalah                           The detail of loan to BPR Delta is as follows:
      sebagai berikut:

                                                     2024               2023
       PT Mutiara Masyhur Sejahtera                    43.767                   -             PT Mutiara Masyhur Sejahtera
       PT Graha Istana Nirwana                         36.993                   -                 PT Graha Istana Nirwana
       Total                                           80.760                   -                                         Total


                                                             90
Page 378
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                        27. LONG-TERM BANK LOANS (Continued)

      i. Pada tanggal 26 Juni 2024, PT Mutiara                        i.   On June 26, 2024, PT Mutiara Masyhur
         Masyhur Sejahtera (MMS), Entitas Anak,                            Sejahtera (MMS), a Subsidiary, entered into
         menandatangani perjanjian utang sindikasi                         syndication loan facility agreement with
         dengan PT BPR Delta Artha (Perseroda),                            PT BPR Delta Artha (Perseroda), PD BPR
         PD      BPR    Bank    Daerah      Bojonegoro,                    Bank Daerah Bojonegoro, PT BPR Jwalita
         PT BPR Jwalita Trenggalek (Perseroda),                            Trenggalek (Perseroda), PT BPR Majatama
         PT       BPR      Majatama         (Perseroda),                   (Perseroda), PT BPR Bank Tulungagung
         PT BPR Bank Tulungagung (Perseroda),                              (Perseroda), PT BPR Tapin Selatan Mandiri
         PT BPR Tapin Selatan Mandiri Sejahtera,                           Sejahtera, PT BPR Danumas Binadhana,
         PT        BPR      Danumas          Binadhana,                    PT BPR Kotabaru (Perseroda), Perumda
         PT       BPR       Kotabaru        (Perseroda),                   BPR Daerah Kabupaten Madiun, PT BPR
         Perumda BPR Daerah Kabupaten Madiun,                              Bank Bulungan (Perseroda), PT BPR Surya
         PT BPR Bank Bulungan (Perseroda),                                 Artha Utama (Perseroda). BPR Delta was
         PT BPR Surya Artha Utama (Perseroda).                             appointed as the coordinator of the
         BPR Delta ditunjuk sebagai koordinator                            syndicated loan. The eleven banks provided a
         pinjaman sindikasi tersebut. Kesebelas bank                       maximum credit facility of Rp39 billion. This
         tersebut memberikan fasilitas kredit maksimum                     loan is used to pay off land for the Kahuripan
         sebesar Rp39 miliar. Pinjaman ini digunakan                       Nirwana Project in Sidoarjo. This loan is
         untuk pelunasan lahan untuk Proyek Kahuripan                      subject to an interest rate of 10.75% per
         Nirwana di Sidoarjo. Pinjaman ini dikenakan                       annum and will mature on June 26, 2029.
         tingkat suku bunga 10,75% per tahun dan akan
         jatuh tempo pada tanggal 26 Juni 2029.

         Pinjaman tersebut dijamin dengan tanah milik                      The loan was collateralized by land of MMS
         MMS dan Entitas Anak atas Sertifikat Hak                          and Subsidiaries of the Building Right of Use
         Guna Bangunan (SHGB) seluas 4.396 m2 dan                          Certificate (SHGB) with an area of 4.396 m2
         Sertifikat Hak Milik (SHM) seluas 11.117 m2                       and Certificate of Ownership (SHM) with an
         yang terletak di kecamatan Buduran dan                            area of 11,117 m2 which are located in the
         Wonoayu.                                                          subdistricts of Buduran and Wonoayu.
      ii. Pada tanggal 26 Juni 2024, PT Graha Istana                 ii. On June 26, 2024, PT Graha Istana Nirwana
          Nirwana (GIN), Entitas Anak, menandatangani                    (GIN), a Subsidiary, entered into syndication
          perjanjian utang sindikasi dengan PT BPR                       loan facility agreement with PT BPR Delta
          Delta Artha (Perseroda), PD BPR Bank Daerah                    Artha (Perseroda), PD BPR Bank Daerah
          Bojonegoro, PT BPR Jwalita Trenggalek                          Bojonegoro, PT BPR Jwalita Trenggalek
          (Perseroda), PT BPR Bank Jombang                               (Perseroda), PT BPR Bank Jombang
          (Perseroda), PT BPR Kota Pasuruan, PT BPR                      (Perseroda), PT BPR Kota Pasuruan,
          Majatama (Perseroda), PT BPR Surya Artha                       PT        BPR         Majatama        (Perseroda),
          Utama (Perseroda), PT BPR Anjuk Ladang                         PT BPR Surya Artha Utama (Perseroda),
          (Perseroda), PT BPR Bank Tulungagung                           PT      BPR    Anjuk      Ladang      (Perseroda),
          (Perseroda), Perumda BPR Daerah Kabupaten                      PT BPR Bank Tulungagung (Perseroda),
          Madiun, PT BPR Tapin Sejahtera, PT BPR                         Perumda BPR Daerah Kabupaten Madiun,
          Baturaja (Perseroda), PT BPR Danumas                           PT BPR Tapin Sejahtera, PT BPR Baturaja
          Binadhana (Perseroda). BPR Delta ditunjuk                      (Perseroda), PT BPR Danumas Binadhana
          sebagai    koordinator    pinjaman  sindikasi                  (Perseroda). BPR Delta was appointed as the
          tersebut.    Ketigabelas      bank   tersebut                  coordinator of the syndicated loan. The
          memberikan fasilitas kredit maksimum sebesar                   thirteen banks provided a maximum credit
          Rp42 miliar. Pinjaman ini digunakan untuk                      facility of Rp42 billion. This loan is pledged for
          investasi dengan tingkat suku bunga sebesar                    investment subject to an interest rate of 11.5%
          11,5% per tahun, dan akan jatuh tempo pada                     per      annum       and     will    mature    on
          tanggal 26 Juni 2028.                                          June 26, 2028.


         Pinjaman tersebut dijamin dengan Sertifikat                       The loan was secured by the Building Right of
         Hak Guna Bangunan (SHGB) No. 1382 dan                             Use Certificate (SHGB) No. 1382 and 1383
         1383 seluas 4.396 m2 yang terletak di Desa                        with an area of 4,396 m2 which is located in
         Entalsewu.                                                        the Entalsewu Village.




                                                           91
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

   e. PT Bank Panin Tbk (Panin)                                       e. PT Bank Panin Tbk (Panin)
      Pada tanggal 28 Juli 2017, PT Jasa Boga Raya                         On July 28, 2017, PT Jasa Boga Raya (JBR), a
      (JBR), Entitas Anak, memperoleh fasilitas                            Subsidiary, obtained a loan facility from Panin
      pinjaman dari Panin dengan jumlah maksimum                           with a maximum amount of Rp2 billion and bears
      sebesar Rp2 miliar dan tingkat suku bunga                            an annual interest rate of 10.50% and will be due
      sebesar 10,50% per tahun serta akan jatuh tempo                      within seven (7) years. The loan was used for
      selama tujuh (7) tahun. Pinjaman ini digunakan                       purchase of shophouses located at Citaringgul,
      untuk pembiayaan pembelian ruko yang terletak di                     Bogor, West Jawa. This loan was secured with
      Citaringgul, Bogor, Jawa Barat. Pinjaman ini                         those shophouses.
      dijamin dengan ruko tersebut.
      Perjanjian ini telah diperbarui, terakhir pada                       This agreement has been amended, the latest
      tanggal pada tanggal 2 Agustus 2022, mengenai                        on August 2, 2022, regarding postponements of
      penangguhan pembayaran pokok pinjaman                                principal payment for six (6) months, change of
      selama enam (6) bulan, perubahan tingkat suku                        the interest rate to 9 % per annum and loan
      bunga menjadi sebesar 9% per tahun dan                               maturity to January 28, 2026.
      perubahan     jatuh   tempo     pada     tanggal
      28 Januari 2026.
   f. PT BPR Intidana Sukses Makmur (BISM)                            f.   PT BPR Intidana Sukses Makmur (BISM)
      Pada tanggal 13 April 2023, PT Provices                              On April 13, 2023, PT Provices Indonesia, (PVI),
      Indonesia (PVI), Entitas Anak, memperoleh                            a Subsidiary, obtained a working capital loan
      fasilitas pinjaman modal kerja dari PT BPR                           facility from PT BPR Intidana Sukses Makmur
      Intidana Sukses Makmur (BISM) dengan pagu                            (BISM) with a maximum amount of Rp21 billion.
      pinjaman sebesar Rp21 miliar. Pinjaman ini                           This loan bears an annual interest rate of 16%
      dikenai tingkat suku bunga 16% per tahun dan                         and will be due on April 13, 2028. This loan was
      akan jatuh tempo pada tanggal 13 April 2028.                         secured by two (2) units of office space at Bakrie
      Pinjaman ini dijamin dengan dua (2) unit kantor di                   Tower Building, Rasuna Epicentrum Complex,
      Gedung Bakrie Tower Kawasan Rasuna                                   Jakarta.
      Epicentrum, Jakarta.
   g. PT Bank Perekonomian            Rakyat     Hariarta             g. PT Bank Perekonomian             Rakyat    Hariarta
      Sedana (BPR Hariarta)                                             Sedana (BPR Hariarta)
      Pada tanggal 6 November 2024, PT Provices                            On November 6, 2024, PT Provices Indonesia
      Indonesia (PVI), Entitas anak, memperoleh                            (PVI), a Subsidiary, obtained a working capital
      fasilitas pinjaman modal kerja atas uang sindikasi                   loan facility from a syndicated loan with BPR
      dengan BPR Hariarta, PT Bank Perekonomian                            Hariarta, PT Bank Perekonomian Rakyat Gianyar
      Rakyat Gianyar Parta Sedana, PT Bank                                 Parta Sedana, PT Bank Perekonomian Rakyat
      Perekonomian Rakyat Parasari Urati, PT Bank                          Parasari Urati, PT Bank Perekonomian Rakyat
      Perekonomian Rakyat Dana Mitra              Sukses,                  Dana Mitra Sukses, PT Bank Perekonomian
      PT Bank Perekonomian Rakyat Lingga Sejahtera ,                       Rakyat       Lingga     Sejahtera,   PT     Bank
      PT Bank Perekonomian Rakyat Satya Mitra                              Perekonomian Rakyat Satya Mitra Andalan,
                                                                           PT Bank Perkreditan Rakyat Dana Mulia
      Andalan, PT Bank Perkreditan Rakyat Dana Mulia
                                                                           Sejahtera, PT Bank Perekonomian Rakyat Dana
      Sejahtera, PT Bank Perekonomian Rakyat Dana
                                                                           Nagoya, PT Bank Perekonomian Rakyat Niaga
      Nagoya, PT Bank Perekonomian Rakyat Niaga                            Mandiri, PT Bank Perekonomian Rakyat Ciledug
      Mandiri, PT Bank Perekonomian Rakyat Ciledug                         Dhana Semesta, PT Bank Perekonomian Rakyat
      Dhana Semesta, PT Bank Perekonomian Rakyat                           Surya Artha Utama Perseroda, PT Bank
      Surya Artha Utama Perseroda, PT Bank                                 Perekonomian Rakyat Magga Jaya, PT Bank
      Perekonomian Rakyat Magga Jaya, PT Bank                              Perkreditan      Rakyat    Bahtera   Masyarakat,
      Perkreditan Rakyat Bahtera Masyarakat, PT Bank                       PT Bank Perekonomian Rakyat Pandanaran
      Perekonomian Rakyat Pandanaran Jaya, PT Bank                         Jaya, and PT Bank Perkreditan Rakyat Tapin
      Perkreditan Rakyat Tapin Sejahtera, di mana BPR                      Sejahtera, where BPR Hariarta was appointed
      Hariarta ditunjuk sebagai kreditur sindikasi. Kelima                 as the syndicated creditor. These fifteen banks
      belas bank tersebut memberikan fasilitas kredit                      provided a maximum credit facility of
      maksimum sebesar Rp13 miliar. Pinjaman ini                           Rp13 billion. The loan is intended for working
      digunakan untuk modal kerja dengan tingkat suku                      capital purposes, with an annual interest rate of
      bunga 16% per tahun dan akan jatuh tempo pada                        16%, and will mature on November 6, 2029. The
      tanggal 6 November 2029. Pinjaman tersebut                           loan is secured by Building Right of Use (HGB)
      dijamin dengan tanah Hak Guna Bangunan (HGB)                         land covering 3,146 m2, located in Sidoarjo, East
      seluas 3.146 m2 yang terletak di Sidoarjo, Jawa                      Java.
      Timur.

                                                             92
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                         27. LONG-TERM BANK LOANS (Continued)

   Pada tanggal 31 Desember 2024 dan 2023,                           As of December 31, 2024 and 2023, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                        management believes that it has met all the credit
   semua persyaratan kredit yang ditentukan dalam                    requirements specified in the agreement.
   perjanjian.

   Rincian pembayaran yang dilakukan untuk tahun                     The detail of payments made for the years ended
   yang          berakhir     pada        tanggal-tanggal            December 31, 2024 and 2023 for each loan facility is
   31 Desember 2024 dan 2023 untuk masing-masing                     as follows:
   fasilitas pinjaman adalah sebagai berikut:

                                                  2024               2023
    PT Bank Tabungan Negara                                                                 PT Bank Tabungan Negara
       (Persero) Tbk                                15.400              8.118                         (Persero)Tbk
    PT Bank KB Bukopin Tbk                          14.785             11.168                PT Bank KB Bukopin Tbk
    PT Bank Mayapada Internasional Tbk               7.309                  -      PT Bank Mayapada Internasional Tbk
    PT BPR Intidana Sukses Makmur                    3.315              1.933          PT BPR Intidana Sukses Makmur
    PT Bank Perkreditan Rakyat Delta                                                  PT Bank Perkreditan Rakyat Delta
       Artha (Perseroda)                             3.233                  -                     Artha (Perseroda)
    PT Bank Panin Tbk                                  392                275                       PT Bank Panin Tbk
    PT Bank Perkreditan Rakyat Hariarta                                            PT Bank Perkreditan Rakyat Hariarta
       Sedana                                          192                  -                               Sedana
    PT Bank Seabank Indonesia                            -              4.448              PT Bank Seabank Indonesia
    Total                                           44.626             25.942                                      Total



28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                         28. LONG-TERM MUSYARAKAH FINANCING

                                                   2024               2023
    PT Bank KB Syariah Bukopin                      59.610              64.033              PT Bank KB Syariah Bukopin
    PT Bank DKI Syariah                              4.873                   -                     PT Bank DKI Syariah
    PT Bank Syariah Indonesia Tbk                        -               2.935            PT Bank Syariah Indonesia Tbk
    Total                                           64.483              66.968                                      Total
    Dikurangi bagian yang tempo
       dalam waktu satu tahun                         5.188              5.175                       Less current portion
    Bagian jangka panjang                           59.295              61.793                       Long-term portion


   a. PT Bank       KB   Syariah    Bukopin     (Syariah             a. PT Bank      KB    Syariah   Bukopin    (Syariah
      Bukopin)                                                          Bukopin)

      1. Pada tanggal 7 Juni 2013, PT Graha                             1. On June 7, 2013, PT Graha Andrasentra
         Andrasentra Propertindo Tbk, (GAP), Entitas                       Propertindo Tbk, (GAP), a Subsidiary
         Anak memperoleh fasilitas Pembiayaan                              obtained a Musyarakah Working Capital
         Musyarakah Modal Kerja dari PT Bank KB                            Financing facility from PT Bank KB Bukopin
         Bukopin Syariah (Syariah Bukopin) dengan                          Syariah (Syariah Bukopin) with a ceiling of
         pagu sebesar Rp40 miliar, yang digunakan                          Rp40 billion, which was used for the cluster
         untuk keperluan pengembangan cluster                              development of Bogor Nirwana Residence.
         perumahan di Kawasan Bogor Nirwana                                This facility was to be due in July 2017.
         Residence. Fasilitas ini jatuh tempo pada bulan
         Juli 2017.




                                                            93
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                         28. LONG-TERM         MUSYARAKAH             FINANCING
    (Lanjutan)                                                       (Continued)

      2. Pada bulan Maret 2014, GAP memperoleh                          2. In March 2014, GAP obtained a Musyarakah
         fasilitas Pembiayaan Musyarakah Modal Kerja                       Working Capital Financing facility from
         dari Syariah Bukopin dengan pagu sebesar                          Syariah Bukopin with a ceiling of Rp15 billion,
         Rp15       miliar,   yang     digunakan    untuk                  which was used for the development of
         pengembangan Apartemen Jungle Sky.                                Jungle Sky Apartment. This facility was to be
         Fasilitas ini jatuh tempo pada tanggal                            due on March 7, 2017, including a grace
         7 Maret 2017,dengan masa tenggang 15                              period of 15 months. This facility is secured
         bulan. Fasilitas ini dijamin dengan tanah SHGB                    with land under SHGB No. 657 and SHGB
         No. 657 dan SHGB No. 105 atas nama GAP                            No. 105 owned by GAP in Mulyaharja, Bogor.
         yang terletak di Mulyaharja, Bogor.
      3. Pada bulan Maret 2015, GAP memperoleh                          3. In March 2015, GAP obtained Line Facility
         Line Facility dari Syariah Bukopin dengan                         from Syariah Bukopin with a ceiling of
         pagu sebesar Rp15 miliar, yang digunakan                          Rp15 billion, which was used for development
         keperluan untuk pengembangan Apartemen                            of Jungle Sky Apartment. This facility was to
         Jungle Sky. Fasilitas ini jatuh tempo pada                        be due in February 2018. The facility is
         bulan Februari 2018. Fasilitas ini dijamin                        secured with five (5) SHGB of land and
         dengan lima (5) SHGB atas tanah dan                               buildings owned by GAP which is located in
         bangunan milik GAP yang terletak di                               Mulyaharja, Bogor. During the period of
         Mulyaharja, Bogor. Selama masa fasilitas                          financing facilities, GAP must maintain its land
         pembiayaan, GAP harus menjaga stok kavling                        inventory which is kept in Syariah Bukopin
         yang disimpan pada Syariah Bukopin dengan                         with a minimum ratio of 125% of the current
         minimal rasio sebesar 125% dari jumlah                            outstanding financing.
         pembiayaan berjalan.
      4. Pada bulan Oktober 2016, GAP memperoleh                        4. In October 2016, GAP obtained Line Facility
         Line Facility dari Syariah Bukopin dengan pagu                    from Syariah Bukopin with a ceiling of
         sebesar       Rp15 miliar,    yang    digunakan                   Rp15 billion, which was used for the
         keperluan untuk pengembangan Apartemen                            development of Jungle Sky Apartment. This
         Jungle Sky. Fasilitas ini jatuh tempo pada                        facility was to be due in February 2018. The
         bulan Februari 2018. Fasilitas ini dijamin                        facility is secured with two (2) SHGB of land
         dengan dua (2) SHGB atas tanah dan                                and buildings owned by GAP located in
         bangunan milik GAP yang terletak di                               Mulyaharja, Bogor. GAP has partial
         Mulyaharja, Bogor. GAP telah mencairkan                           drawdown from this financing facility
         sebagian fasilitas pembiayaan ini sebesar                         amounting to Rp3.5 billion.
         Rp3,5 miliar.

      Fasilitas musyarakah untuk modal kerja dan line                   Musyarakah facilities for working capital and line
      facilities, bersama dengan fasilitas pembiayaan                   facilities, together with other financing facilities
      lainnya dari Syariah Bukopin telah beberapa kali                  from Syariah Bukopin have been restructured
      direstrukturisasi,    terakhir   pada    tanggal                  several        times,    most      recently       on
      17 Januari 2023, dengan perubahan sebagai                         January 17, 2023, with changes as follows:
      berikut:
      - Bank: 1,66%, nasabah: 98,34% (setara 5% eff.                    -   Bank: 1.66%, customer: 98.34% (equivalent
          p.a.) (Januari 2023 sampai dengan Desember                        to 5% eff. p.a.) (January 2023 until
          2023).                                                            December 2023).
      - Bank: 2,32%, nasabah: 97,68% (setara 7% eff.                    -   Bank: 2.32%, customer: 97.68% (equivalent
          p.a.) (Januari 2024 sampai dengan Desember                        to 7% eff. p.a.) (January 2024 until
          2024).                                                            December 2024).
      - Bank: 3,31%, nasabah: 96,69% (setara 10%                        -   Bank: 3.31%, customer: 96.69% (equivalent
          eff. p.a.) (Januari 2025 sampai dengan                            to 10% eff. p.a.) (January 2025 until
          Desember 2025).                                                   December 2025).
      - Bank: 3,98%, nasabah: 96,02% (setara 12%                        -   Bank: 3.98%, customer: 96.02% (equivalent
          eff p.a.) (Januari 2026 sampai dengan                             to 12% eff. p.a.) (January 2026 until
          Desember 2028).                                                   December 2028).
      - Perpanjang        jangka     waktu   pinjaman                   -   Extend    the     loan     period    from
          yang sebelumnya 28 Desember 2025 menjadi                          December 28, 2025 to December 28, 2028.
          28 Desember 2028.




                                                            94
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                       28. LONG-TERM          MUSYARAKAH            FINANCING
    (Lanjutan)                                                     (Continued)

      Ketentuan dan persyaratan pada fasilitas                        The terms and conditions of the previous facility
      sebelumnya merupakan satu kesatuan dengan                       constitute a single unit with the Musyarakah Line
      Akad Line Facility Musyarakah dan akad-akad                     Facility Agreement and other agreements that
      lainnya yang telah dan akan dibuat, dan tidak                   have been and will be made, and cannot be
      dapat dipisahkan antara satu dengan lainnya.                    separated from each other.

      Berdasarkan perjanjian fasilitas pembiayaan                      According to the financing facility agreement
      dengan Syariah Bukopin, selama fasilitas belum                   with Syariah Bukopin, if the facility is not yet
      dilunasi, GAP tidak diperbolehkan untuk                          fully paid, GAP is restricted from performing the
      melakukan hal-hal tersebut di bawah ini tanpa                    following items without prior written approval
      persetujuan tertulis dari Syariah Bukopin sebagai                from Syariah Bukopin as follows:
      berikut:
      1.    Melakukan pembayaran/pelunasan atas                        1.   Pay off/settle any loan to shareholders.
            pinjaman dari pemegang saham.
      2.    Melakukan penjualan, transfer, perpindahan                 2.   Selling, transferring, transfer of rights and
            hak dan penjaminan aset yang menjadi                            pledge of assets that become the collateral
            agunan dalam perjanjian ini.                                    in this agreement.
      3.    Mengajukan permohonan pailit kepada                        3.   Filing for bankruptcy to the Commercial
            Pengadilan Niaga.                                               Court.
      4.    Menerima tambahan fasilitas pinjaman dari                  4.   Receive additional loan facility from any
            pihak manapun, kecuali dari pemegang                            party, except from shareholders or a party
            saham atau pihak yang berhubungan                               that was related with GAP business.
            dengan usaha GAP.
      5.    Melakukan perubahan struktur permodalan                    5.   Change GAP’s capital structure, specifically
            GAP, khususnya perubahan pemegang                               changes of the majority shareholders.
            saham mayoritas.
      6.    Melakukan       kegiatan     usaha     yang                6.   Conduct business activities that           are
            bertentangan dengan prinsip syariah.                            contrary to Islamic principles.
      7.    Melakukan overdraft dan cross selling.                     7.   Perform overdraft and cross selling.

   b. PT Bank Syariah Indonesia Tbk (BSI)                          b. PT Bank Syariah Indonesia Tbk(BSI)

      Pada tanggal 6 Desember 2021, PVI memperoleh                    On December 6, 2021, PVI obtained a working
      fasilitas Pembiayaan Musyarakah modal kerja dari                capital in the form of a Musyarakah facility from
      BSI dengan pagu sebesar Rp4 miliar yang                         BSI with a maximum amount of Rp4 billion which
      digunakan untuk keperluan modal kerja untuk                     was used for tenant procurement purposes. This
      pekerjaan pengadaan tenan. Fasilitas ini akan                   facility was due on April 10, 2022. The profit
      jatuh tempo pada tanggal 10 April 2022. Nisbah                  sharing is 3.08%. This loan is secured by Rights
      bagi hasil porsi bank sebesar 3,08%. Pinjaman ini               of Strata Title Ownership in Multi Storey Building
      dijaminkan dengan Sertifikat Hak Milik Atas                     Units (SHMASRS) located in Karet Kuningan,
      Satuan Rumah Susun (SHMASRS) yang berlokasi                     covering an area of 171.8 m2, which is tied to
      di Kelurahan Karet Kuningan seluas 171,8 m2,                    mortgage of Rp5 billion.
      yang diikat dengan Hak Tanggungan sebesar
      Rp5 miliar.

      Pada tanggal 22 April 2022, PT Provices                         On April 22, 2022, PT Provices Indonesia, a
      Indonesia, Entitas Anak memperoleh surat                        Subsidiary, obtained an approval of restructuring
      persetujuan restrukturisasi dari BSI mengenai                   from BSI regarding changes of profit sharing
      perubahan tingkat nisbah menjadi sebesar 3,08%                  ratio to become 3,08% per annum and loan
      serta perubahan jatuh tempo pada tanggal                        maturity that will be due on April 10, 2027.
      10 April 2027.

      Pinjaman ini telah      dilunasi   pada   tanggal               This loan was settled on October 18, 2024.
      18 Oktober 2024.




                                                          95
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                        28. LONG-TERM         MUSYARAKAH             FINANCING
    (Lanjutan)                                                      (Continued)

   c. PT Bank DKI Syariah (DKI Syariah)                             c. PT Bank DKI Syariah (DKI Syariah)

      Pada tanggal 29 Agustus 2024, PVI memperoleh                     On August 29, 2024, PVI obtained a working
      fasilitas Pembiayaan Musyarakah modal kerja dari                 capital Musyarakah Financing facility from DKI
      DKI Syariah dengan pagu sebesar Rp5 miliar                       Syariah with a maximum amount of Rp5 billion
      yang digunakan untuk keperluan modal kerja                       which was used for tenant procurement
      untuk pekerjaan pengadaan tenan. Fasilitas ini                   purposes. This facility will mature on
      akan jatuh tempo pada tanggal 31 Agustus 2029.                   August 31, 2029. The profit sharing ratio for the
      Nisbah      bagi  hasil    bank     sesuai  Surat                bank portion according to the Profit Value
      Pemberitahuan     Indikasi    Nilai   Keuntungan.                Indication Notification Letter. This loan is secured
      Pinjaman ini dijamin dengan tagihan dan potensi                  by receivables and potential receivables
      tagihan atas proyek yang diperoleh PVI pada                      obtained by PVI in 2024 and Rights of Strata
      tahun 2024 dan Sertifikat Hak Milik Atas Satuan                  Title Ownership in Multi Storey Building Units
      Rumah Susun (SHMSRS) yang berlokasi di                           (SHMSRS) located in Karet Kuningan, covering
      Kelurahan Karet Kuningan seluas 442,06 m2 yang                   an area of 442.06 m2, which is tied to a First
      diikat dengan Hak Tanggungan Peringkat                           Rank Mortgage of Rp15.29 billion.
      Pertama sebesar Rp15,29 miliar.

   Pada tanggal 31 Desember 2024 dan 2023,                          As of December 31, 2024 and 2023, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                       management believes that it has met all the
   semua persyaratan kredit yang ditentukan dalam                   requirements specified in the agreements.
   perjanjian.

   Pembayaran pembiayaan musyarakah jangka                          The Group's payments for long-term musyarakah
   panjang Grup pada tahun 2024 dan 2023 sebesar                    financing in 2024 and 2023 amounting to
   Rp7,48 miliar dan Rp5,47 juta merupakan                          Rp7.48 billion and Rp5.47 million, respectively,
   pembayaran pembiayaan pokok musyarakah Syariah                   pertain to payment of musyarakah principal
   Bukopin milik GAP dan BSI milik PVI.                             financing made to Syariah Bukopin owned by GAP
                                                                    and BSI owned by PVI.


29. LIABILITAS LAIN-LAIN                                        29. OTHER LIABILITIES

   a. Utang Usaha Jangka Panjang                                    a. Long-Term Trade Payables

      Utang usaha jangka panjang pada tanggal                          Long-term        trade      payables      as    of
      31 Desember 2024 dan 2023, merupakan hasil                       December 31, 2024 and 2023 represent the
      restrukturisasi utang yang telah disepakati antara               result of debt restructuring agreed between BSU,
      BSU, Entitas Anak, dengan para pemasok,                          a Subsidiary, suppliers, contractors and other
      kontraktor dan kreditur konkuren lain yang                       concurrent      creditors    which     had   been
      diselesaikan melalui Penundaan Kewajiban                         settled    through      the    Postponement     of
      Pembayaran Utang (PKPU) yang dilakukan pada                      Debt        Payment         Obligation     (PKPU)
      tanggal 5 Maret 2003 dengan surat permohonan                     No. 01/PKPU/2003/PN.NIAGA.JKT.PST which
      No.    01/PKPU/2003/PN.NIAGA.JKT.PST,         dan                conducted on March 5, 2003, and has been
      telah disetujui oleh 123 kreditur peserta yang                   approved by 123 participating creditors
      mewakili 96,70% dari total utang pokok.                          representing 96.70% of the total principal debts.

      Rincian utang usaha jangka panjang adalah                        The detail of long-term trade payables is as
      sebagai berikut:                                                 follows:

                                                    2024              2023
       PT Kinhill Indonesia                            7.881             7.881                      PT Kinhill Indonesia
       PT Daniel Mann Johnson                                                                   PT Daniel Mann Johnson
           Mendenhall Keating                          7.100             7.100                   Mendenhall Keating
       Lain-lain (masing-masing                                                                     Others (each below
           di bawah Rp2 miliar)                        2.213             2.213                        of Rp2 billion)
       Total                                         17.194             17.194                                       Total


                                                           96
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PT BAKRIELAND DEVELOPMENT Tbk                                PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                               FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                    DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan           (Expressed in millions of Rupiah, unless otherwise
lain)                                                        stated)

29. LIABILITAS LAIN-LAIN (Lanjutan)                          29. OTHER LIABILITIES (Continued)

                                                 2024              2023

       Dikurangi bagian jatuh tempo
          dalam waktu satu tahun                   17.194            17.194                        Less current portion
       Bagian jangka panjang                             -                 -                        Long-term portion


   b. Liabilitas Sewa                                            b. Lease Liability

       Kewajiban sewa ini timbul dari Perjanjian                    This lease liability arises from the Cooperation
       Kerjasama antara PT Bakrie Swasakti Utama,                   Agreement between PT Bakrie Swasakti Utama,
       Entitas Anak, dengan Pemerintah Provinsi DKI                 a Subsidiary, and the DKI Jakarta Provincial
       Jakarta untuk pemanfaatan lahan di Gelanggang                Government for the utilization of land in the
       Olahraga Mahasiswa Soemantri Brodjonegoro                    Soemantri      Brodjonegoro     Student  Sports
       (GMSB) untuk jangka waktu 30 tahun, dengan                   Complex (GMSB) for a period of 30 years, with
       kemungkinan perpanjangan sesuai dengan                       the possibility of extension in accordance with
       perjanjian (Catatan 43k).                                    the agreement (Note 43k).

                                                 2024              2023
       Kurang dari satu tahun                       2.879                  -                        Less than one year
       Lebih dari satu tahun sampai lima
          tahun                                   18.346                   -           Above one year up to five years
       Lebih dari lima tahun                     740.582                   -                     More than five years
       Total                                     761.807                   -                                       Total
       Dikurangi: Bagian bunga                   539.863                   -                      Less: Interest portion
       Neto                                      221.944                   -                                        Net
       Dikurangi: bagian yang akan jatuh
          tempo dalam waktu satu tahun              2.879                  -                     Less: current maturity
       Bagian jangka panjang                     219.065                   -                        Long-term portion


       Laporan laba rugi dan penghasilan komprehensif               The statements of profit or loss and other
       lain untuk tahun yang berakhir pada tanggal-                 comprehensive income for the years ended
       tanggal 31 Desember 2024 dan 2023 menyajikan                 December 31, 2024 and 2023 show the following
       saldo-saldo berikut berkaitan dengan sewa:                   amounts related to leases:

                                                 2024              2023
       Beban bunga                                 17.075                  -                           Interest expense
       Penyusutan aset hak-guna                                                       Depreciation of right-of-use asset
          Hak guna tanah                            7.675                  -                              Land right
       Total                                       24.750                  -                                      Total




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PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                             DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

30. MODAL SAHAM                                                       30. CAPITAL STOCK

   Susunan pemegang saham dan kepemilikan saham                              The composition of shareholders and their
   pada tanggal 31 Desember 2024 dan 2023 adalah                             corresponding   share    ownership     as of
   sebagai berikut:                                                          December 2024 and 2023 are as follows:

                                            Total Saham
                                           (Dalam Jutaan
                                          Lembar Saham)/
                                         Number of Shares            Persentase Kepemilikan/
    Pemegang Saham                     (In Million of Shares)        Percentage of Ownership                            Stockholders

    KPD Simas Equity Fund 2                           2.329                               5,35%             KPD Simas Equity Fund 2
    Interventures Capital Pte., Ltd.                  2.228                               5,12%        Interventures Capital Pte., Ltd.
    Masyarakat (masing-                                                                                             Public (each less
       masing kurang dari 5%)                        38.965                              89,53%                           than 5%)

    Total                                            43.522                              100,00%                                 Total


   Rincian modal saham Perusahaan berdasarkan jenis                          The detail of the Company’s capital stock based on
   saham pada tanggal 31 Desember 2024 dan 2023                              types of shares as of December 31, 2024 and 2023
   adalah sebagai berikut:                                                   is as follows:

                                         Total Saham/
                                       Number of Shares
                                        (Angka Penuh/                Nominal/            Total/
                                         Full Amount )               Nominal             Total

    Seri A                                          1.400              500                  700.000                             Seri A
    Seri B                                         42.122              100                4.212.191                             Seri B

    Total                                          43.522                                 4.912.191                              Total


   Pada tanggal 31 Desember 2024 dan 2023, tidak                             As of December 31, 2024 and 2023, there are no
   terdapat saham Perusahaan yang dimiliki oleh Direksi                      shares of the Company which are owned by the
   dan Dewan Komisaris Perusahaan.                                           Company’s Boards of Directors and Commissioners.


31. TAMBAHAN MODAL DISETOR - NETO                                     31. ADDITIONAL PAID-IN CAPITAL - NET

                                                     2024                    2023
    Agio saham                                                                                                     Share premium
        Selisih lebih total yang                                                                  Excess of amounts received
        diterima dari nominal                       3.109.465            3.109.465                              over par value
    Kompensasi berbasis saham                                                                                   Unexecuted stock
        kepada karyawan yang                                                                            based compensation
        belum di eksekusi                               8.467                   8.467                            to employees
    Biaya emisi saham                                (191.658)               (191.658)                       Stock issuance cost
                                                                                                            Difference in value of
    Selisih nilai transaksi                                                                          restructuring transaction
        restrukturisasi entitas                                                                            with entities under
        sepengendali                                 (149.700)               (149.700)                        common control
    Saham yang diperoleh kembali                      (21.679)                (21.679)                              Treasury stock
    Pengampunan pajak                                  (1.433)                 (1.433)                                Tax amnesty
    Neto                                            2.753.462            2.753.462                                               Net




                                                                98
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

31. TAMBAHAN MODAL DISETOR - NETO (Lanjutan)                      31. ADDITIONAL        PAID-IN     CAPITAL       -     NET
                                                                      (Continued)

   Agio saham merupakan kelebihan jumlah yang                         Share premium represents the excess of the
   diterima dan/atau nilai tercatat saham dan waran                   amounts received and/or the carrying value of
   konversi atas nilai nominal saham yang dikeluarkan.                shares and converted warrants over the par value of
                                                                      the shares issued.

   Pengampunan pajak merupakan partisipasi Grup                       Tax amnesty represents the Group’s participation in
   dalam Program Pengampunan Pajak sesuai dengan                      the Tax Amnesty Program in accordance with Law
   Undang-Undang      No.      11     Tahun       2016                No. 11 Year 2016 (“Tax Amnesty Law”). The Group
   (“UU Pengampunan Pajak”). Grup mengakui selisih                    recognized the difference between asset and
   antara aset pengampunan pajak dan liabilitas                       liabilities of tax amnesty and presented it as part of
   pengampunan pajak dan disajikan sebagai bagian                     “Other Component of Equity” account in equity.
   dari akun “Komponen Ekuitas Lainnya” di ekuitas.

   Pada tanggal 26 Januari 2017, Perusahaan telah                     On January 26, 2017, the Company sold 750,000,
   menjual saham yang diperoleh kembali masing-                       110,000,000 and 10,000,000 shares of its treasury
   masing sebanyak 750.000, 110.000.000 dan                           stocks at Rp51, Rp51 and Rp53 per share, with total
   10.000.000 lembar saham pada harga masing-                         net    sales    amounted      to     Rp38.25 million,
   masing Rp51, Rp51 dan Rp53 per lembar saham                        Rp5.61 billion and Rp530 million, respectively. The
   dengan nilai penjualan neto masing-masing sebesar                  difference between the acquisition costs and the
   Rp38,25 juta, Rp5,61 miliar dan Rp530 juta. Selisih                selling price of treasury stocks amounted to
   antara harga perolehan kembali dan harga jual                      Rp21.68 billion was recorded as “Additional Paid-In
   kembali saham treasury sebanyak Rp21,68 miliar                     Capital From Treasury Stock Transactions”, which is
   dicatat sebagai “Selisih Modal Dari Transaksi Saham                part of additional paid-in capital account.
   Treasury”, yang merupakan bagian dari akun
   tambahan modal disetor.

   Biaya emisi saham merupakan biaya-biaya yang                       Stock issuance costs represent costs directly
   berkaitan langsung dengan penerbitan saham                         attributable to the issuance of shares of the
   Perusahaan.                                                        Company.

   Selisih   nilai   transaksi   entitas    sepengendali              Differences in value from transactions between
   merupakan transaksi yang terjadi sehubungan                        entities   under     common       control    represent
   dengan     divestasi   saham     Perusahaan       pada             transactions incurred in relation to the divestment of
   PT Villa Del Sol dan PT Bakrie Infrastructure di antara            the Company’s investment in PT Villa Del Sol and
   Grup.                                                              PT Bakrie Infrastructure among the Group.


32. PENDAPATAN NETO                                               32. NET REVENUES

                                                   2024               2023
    Sewa dan pengelolaan                                                                        Rental and management
       perkantoran                                 655.960             564.836                                of office
    Hotel, makanan dan minuman                     290.542             308.389                 Hotel, food and beverages
    Penjualan tanah, rumah dan                                                                  Sales of land, residential
       apartemen                                   143.159             275.853                         and apartments
    Sewa ruangan, lapangan dan                                                                   Rental of spaces, courts
       iuran keanggotaan                             85.447             79.361                  and membership fees
    Taman hiburan                                    51.632             44.951                               Theme park
    Total                                        1.226.740           1.273.390                                        Total


   Pada tahun 2024 dan 2023, tidak terdapat                           In 2024 and 2023, there are no transactions to other
   pendapatan kepada pihak lain dengan jumlah                         parties with revenues exceeding 10% from the total
   akumulasi di atas 10% dari jumlah pendapatan neto                  consolidated net revenues.
   konsolidasian.



                                                             99
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

32. PENDAPATAN NETO (Lanjutan)                                 32. NET REVENUES (Continued)

   Pada tahun 2024 dan 2023, jumlah pendapatan                     In 2024 and 2023, total revenues to related parties
   kepada pihak berelasi masing-masing sebesar                     amounted to Rp39.03 billion or 3.18% and
   Rp39,03 miliar atau 3,18% dan Rp35,75 miliar atau               Rp35.75 billion or 2.81% from the total consolidated
   2,81% dari jumlah pendapatan neto konsolidasian                 net revenues, respectively (Note 38a).
   (Catatan 38a).


33. BEBAN POKOK PENDAPATAN                                     33. COST OF REVENUES

                                                2024                2023
    Sewa dan pengelolaan                                                                      Rental and management
       perkantoran                              558.079              470.277                                of office
    Penjualan tanah, rumah dan                                                                Sales of land, residential
       apartemen                                101.758              216.222                         and apartments
    Hotel, makanan dan minuman                   84.791               92.878                 Hotel, food and beverages
    Sewa ruangan, lapangan dan                                                                 Rental of spaces, courts
       iuran keanggotaan                          47.652              45.405                  and membership fees
    Taman hiburan                                 16.152              11.757                               Theme park
    Total                                       808.432              836.539                                      Total


   Untuk tahun yang berakhir pada tanggal-tanggal                  For the years ended December 31, 2024 and 2023,
   31 Desember 2024 dan 2023, tidak terdapat transaksi             there are no transactions to other parties with total
   kepada pihak lain dengan jumlah akumulasi                       accumulated purchases exceeding of 10% from the
   pembelian di atas 10% dari jumlah beban pokok                   total consolidated cost of revenues.
   pendapatan konsolidasian.


34. BEBAN USAHA                                                34. OPERATING EXPENSES

   a. Beban Penjualan                                              a. Selling Expenses

                                                 2024                2023
       Iklan dan promosi                           13.405              10.231               Advertising and promotion
       Komisi                                       3.735               3.709                            Commissions
       Pameran dan hiburan                          1.308               1.268             Exhibition and entertainment
       Lain-lain (masing-masing                                                                    Others (each below
           di bawah Rp1 miliar)                     1.889               2.975                        of Rp1 billion)
       Total                                       20.337              18.183                                     Total


   b. Beban Umum dan Administrasi                                  b. General and Administrative Expenses

                                                 2024                2023
                                                                                                    Salaries, wages and
       Gaji, upah dan tunjangan                   138.092            153.823                        benefits in-kinds
       Penyusutan (Catatan 16)                     50.302             50.620                     Depreciation (Note 16)
       Pajak dan asuransi                          33.649             32.194                         Tax and insurance
       Listrik, air dan telepon                    22.878             24.844           Electricity, water and telephone
       Perbaikan dan pemeliharaan                  11.558             12.975                 Repairs and maintenance
       Honorarium tenaga ahli                       9.748             10.286                          Professional fees
       Perijinan dan litigasi                       7.769              4.169                          Legal and permits




                                                         100
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PT BAKRIELAND DEVELOPMENT Tbk                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                  DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan         (Expressed in millions of Rupiah, unless otherwise
lain)                                                      stated)

34. BEBAN USAHA (Lanjutan)                                 34. OPERATING EXPENSES (Continued)

                                              2024               2023

       Penyisihan kerugian                                                                Provision for impairment
           penurunan nilai piutang                                                          loss of receivables
           (Catatan 7)                             6.933           12.098                              (Note 7)
       Alat tulis dan cetakan                      5.253            4.247                   Stationary and printing
       Sumbangan dan perjamuan                     2.963            3.371             Donations and entertainment
       Transportasi dan perjalanan dinas           2.906            3.364              Transportation and traveling
       Lain-lain (masing-masing                                                                Others (each below
           di bawah Rp2 miliar)                 12.135             12.979                        of Rp2 billion)
       Total                                   304.186           324.970                                      Total



35. BEBAN BUNGA DAN KEUANGAN - NETO                        35. INTEREST   EXPENSES             AND      FINANCIAL
                                                               CHARGES - NET

                                             2024               2023
    Penghasilan bunga deposito,                                                   Interest income from time deposit,
        jasa giro dan piutang                   3.635              4.476        current account and receivables
    Bunga pinjaman bank                       (77.674)           (75.487)                      Interest on bank loans
    Administrasi bank                          (3.331)            (3.638)                               Bank charges
    Lain-lain (masing-masing                                                                      Others (each below
        di bawah Rp2 miliar)                  (17.075)                      -                       of Rp2 billion)
    Neto                                      (94.445)           (74.649)                                        Net



36. PENGHASILAN (BEBAN) LAIN-LAIN - NETO                   36. OTHERS INCOME (EXPENSES) - NET

                                            2024               2023
    Pemulihan cadangan kerugian                                                          Reversal of allowance for
       penurunan nilai piutang                                                       impairment on receivables
       (Catatan 7, 8, 38a, 38b dan 38c)       38.028             28.815         (Notes 7, 8, 38a, 38b and 38c)
    Penyisihan kerugian                                                                    Provision for impairment
       penurunan nilai piutang                                                              loss on receivables
       (Catatan 8 dan 38b dan 38c)           (52.564)            (8.231)            (Notes 8 and 38b and 38c)
    Pembayaran kepada unit pemilik           (38.252)           (45.721)                  Payments to unit owners
    Penyisihan untuk penggantian                                                       Provision for replacement of
       peralatan                             (10.787)           (11.228)                   operating equipment
    Jasa manajemen                            (9.725)           (11.081)                          Management fees
    Rugi pengalihan piutang                                                               Loss from the transfer of
       (Catatan 43e)                          (2.295)                   -               receivables (Note 43e)
    Kerugian penyelesaian                                                                   Loss on the termination
       ventura bersama                                                                           of joint venture
       (Catatan 18)                           (1.866)                   -                               (Note 18)
    Kerugian penurunan nilai persediaan                                            Impairment loss on inventories
       (Catatan 9)                              (126)          (194.455)                                 (Note 9)
    Keuntungan penghapusan utang
       lain-lain                                     -           57.157         Gain on write-off of other payables




                                                     101
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

36. PENGHASILAN      (BEBAN)     LAIN-LAIN    -   NETO          36. OTHERS INCOME (EXPENSES) - NET (Continued)
    (Lanjutan)

                                                  2024              2023
    Pemulihan penurunan nilai persediaan                                          Reversal of impairment on inventory
        (Catatan 9)                                     -              3.308                             (Note 9)
    Provisi (Catatan 23 dan 47a)                        -            (81.311)           Provision (Notes 23 and 47a)
    Lain-lain - neto                               45.736             20.704                             Others - net
    Neto                                          (31.851)          (242.043)                                     Net



37. LIABILITAS IMBALAN PASCAKERJA                               37. EMPLOYMENT BENEFITS LIABILITIES
   Pada tanggal 31 Desember 2024 dan 2023, Grup                     As of December 31, 2024 and 2023, the Group
   mencatat penyisihan imbalan pascakerja berdasarkan               recognizes provision for post-employment benefits
   perhitungan aktuarial yang dilakukan oleh Kantor                 based on the actuarial calculation conducted by
   Konsultan Aktuaria Budi Ramdani dan Tubagus                      Kantor Konsultan Aktuaria Budi Ramdani and
   Syafrial & Amran Nangasan (aktuaris independen),                 Tubagus Syafrial & Amran Nangasan (an
   yang dalam laporannya masing-masing tertanggal                   independent actuary), in its reports dated
   27 Februari 2025 dan 8 Maret 2024, menggunakan                   February 27, 2025 and March 8, 2024, respectively,
   metode “Projected Unit Credit” dengan asumsi-                    using “Projected Unit Credit” method with
   asumsi sebagai berikut:                                          assumptions as follows:

                                                  2024              2023
                                             55-58 tahun/        55-58 tahun/
                                                years               years
    Usia pensiun normal                                                                           Normal pension age
    Tingkat diskonto                         6,42% - 7,10%      6,55% - 6,78%                          Discount rate
                                             4% - 10% per       4% - 10% per
                                              tahun/ year        tahun/ year
    Tingkat kenaikan gaji                                                                       Salary increment rate
    Tabel mortalitas                          TMI IV 2019        TMI IV 2019                        Table of mortality


   Liabilitas imbalan pascakerja yang diakui dalam                  Post-employment benefits liabilities recognized in
   laporan posisi keuangan konsolidasian yang                       the consolidated statement of financial position
   merupakan nilai kini kewajiban imbalan pasti masing-             represents the present value of defined benefit
   masing sebesar Rp32,66 miliar dan Rp34,57 miliar                 obligation amounting to Rp32.66 billion and
   pada tanggal 31 Desember 2024 dan 2023.                          Rp34.57 billion as of December 31, 2024 and 2023,
                                                                    respectively.

   Rincian beban penyisihan imbalan kerja karyawan                  The detail of employee benefits expenses and
   dan pengukuran kembali Grup yang diakui pada                     remeasurement of the Group recognized in the
   laporan laba rugi dan penghasilan komprehensif lain              consolidated statements of profit or loss and other
   konsolidasian adalah sebagai berikut:                            comprehensive income is as follows:

                                                  2024              2023
    Beban yang diakui dalam                                                                     Expense recognized
       laba rugi:                                                                                in profit or loss:
       Biaya jasa kini                              2.461              2.746                 Current service cost
       Biaya bunga                                  2.272              2.449                         Interest cost
       Dampak kurtailmen                            1.887            (14.458)                  Curtailment effect
       Pengakuan segera dari                                                      Immediate recognition of vested
           biaya jasa lalu yang vested                   22                 -              past service costs
    Total                                           6.642             (9.263)                                   Total




                                                          102
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

37. LIABILITAS IMBALAN KERJA (Lanjutan)                           37. EMPLOYMENT             BENEFITS          LIABILITIES
                                                                      (Continued)

   Mutasi pada liabilitas imbalan pascakerja yang diakui              The movement of the post-employment benefits
   pada laporan posisi keuangan konsolidasian adalah                  liabilities recognized in the consolidated statements
   sebagai berikut:                                                   of financial position is as follows:

                                                  2024                2023
                                                                                                    Balance at beginning
    Saldo awal tahun                                34.570              49.183                             of the year
    Beban (penghasilan) yang                                                               Expenses (income) recognized
       diakui pada laba rugi                         6.642              (9.263)                   in the profit or loss
    Pembayaran imbalan                                                                             Payment of employee
       kerja karyawan                               (7.732)            (11.370)                               benefits
    Pengukuran kembali                                                                                  Remeasurement
       yang diakui pada                                                                          recognized in other
       penghasilan                                                                                    comprehensive
       komprehensif lain                              (819)              6.020                                 income
    Saldo akhir tahun                               32.661              34.570                Balance at end of the year


   Analisis sensitivitas kuantitatif untuk asumsi yang                A quantitative sensitivity analysis for significant
   signifikan pada tanggal 31 Desember 2024 dan 2023                  assumptions as of December 31, 2024 and 2023 is
   adalah sebagai berikut:                                            as follows:

                                                     2024              2023
    Tingkat diskonto                                                                                         Discount rate
      Kenaikan dalam 100 basis poin                   30.869            35.544              Increase by 100 basis points
      Penurunan dalam 100 basis poin                  34.650            38.888             Decrease by 100 basis points
    Tingkat kenaikan gaji                                                                            Salary increment rate
      Kenaikan dalam 100 basis poin                   34.610            36.690              Increase by 100 basis points
      Penurunan dalam 100 basis poin                  30.870            32.549             Decrease by 100 basis points


   Analisis sensitivitas didasarkan pada perubahan atas               The sensitivity analysis is based on a change in an
   satu asumsi aktuaria di mana asumsi lainnya                        assumption while holding all other assumptions
   dianggap konstan. Dalam praktiknya, hal ini jarang                 constant. In practice, this was unlikely to occur, and
   terjadi dan perubahan beberapa asumsi mungkin                      changes in some of the assumptions may be
   saling berkorelasi. Dalam perhitungan sensitivitas                 correlated. When calculating the sensitivity of the
   liabilitas imbalan pasti atas asumsi aktuaria utama,               defined     obligation    to     significant  actuarial
   metode yang sama (perhitungan nilai kini kewajiban                 assumptions the same method (present value of the
   imbalan pasti dengan menggunakan metode                            defined benefit obligation calculated with the
   projected unit credit di akhir tahun) telah diterapkan             projected unit credit method at the end of the
   seperti dalam penghitungan kewajiban pensiun yang                  reporting year) has been applied as when
   diakui dalam laporan posisi keuangan konsolidasian.                calculating the pension liability recognised within the
                                                                      consolidated statement of financial position.

   Metode dan tipe asumsi yang digunakan dalam                        The methods and types of assumptions used in
   menyiapkan analisis sensitivitas tidak berubah dari                preparing the sensitivity analysis did not change
   tahun sebelumnya.                                                  compared to previous year.




                                                            103
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PT BAKRIELAND DEVELOPMENT Tbk                                           PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                          FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                               DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                      (Expressed in millions of Rupiah, unless otherwise
lain)                                                                   stated)

37. LIABILITAS IMBALAN KERJA (Lanjutan)                                  37. EMPLOYMENT             BENEFITS              LIABILITIES
                                                                             (Continued)

   Jatuh tempo kewajiban manfaat pasti pada tanggal                          The maturity of defined benefits obligations as of
   31 Desember 2024 dan 2023 adalah sebagai berikut:                         December 31, 2024 and 2023 is as follows:

                                                         2024                 2023
    Antara 0 sampai 1 tahun                                 4.205               6.654                        Between 0 and 1 years
    Antara 1 sampai 5 tahun                                10.016               7.380                        Between 1 and 5 years
    Antara 5 sampai 10 tahun                                9.419              10.138                       Between 5 and 10 years
    Diatas 10 tahun                                         9.021              10.398                             Beyond 10 years
    Total                                                  32.661              34.570                                             Total


   Manajemen Grup berkeyakinan bahwa jumlah                                  The Group’s management believes that employee
   liabilitas imbalan kerja karyawan tersebut cukup untuk                    benefits liabilities as of December 31, 2024 and
   memenuhi persyaratan UU Ketenagakerjaan pada                              2023 are adequate to cover the requirements of
   tanggal 31 Desember 2024 dan 2023.                                        Labor Law.

   Liabilitas imbalan kerja karyawan jangka pendek                           Short-term employee benefit liabilities as of
   pada tanggal 31 Desember 2024 dan 2023 masing-                            December 31, 2024 and 2023 amounted to
   masing sebesar Rp81,73 miliar dan Rp83,84 miliar,                         Rp81.73 billion and Rp83.84 billion, respectively,
   dan beban atas liabilitas jangka pendek disajikan                         and the related expenses for short-term benefits
   sebagai bagian dari akun “Beban Umum dan                                  liabilities are presented as a part of “General and
   Administrasi - Beban Gaji, Upah dan Tunjangan”.                           Administrative Expenses - Salaries, Wages and
                                                                             Benefits ” accounts.


38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                               38. TRANSACTIONS    AND              BALANCES            WITH
    BERELASI                                                                 RELATED PARTIES

   Dalam kegiatan usaha yang normal, Grup melakukan                          In the normal course of business, the Group has
   transaksi dengan pihak-pihak yang berelasi                                engaged in transactions with related parties under
   berdasarkan syarat dan ketentuan yang disetujui oleh                      terms and conditions agreed by both parties, which
   kedua belah pihak, yang mungkin tidak sama dengan                         may not be the same as other transactions
   transaksi lain yang dilakukan dengan pihak-pihak                          conducted with unrelated parties.
   yang tidak berelasi.

   Sifat Transaksi Pihak Berelasi                                            Nature of Related Parties Transactions

       No    Pihak Berelasi / Related Parties   Hubungan / Relationship                 Sifat Hubungan / Nature of Transactions

                                                 Pengendali dan Pemegang
                                                                                 Piutang usaha dan pendapatan pengelolaan perkantoran/
       1.    PT Bakrie Capital Indonesia          saham / Controlling and
                                                                                    Trade receivables and management office revenue
                                                       Shareholder

       2.    PT Petromine Energy Trading            Pemegang saham /                             Utang pihak berelasi/
                                                      Shareholder                                Due to related parties
                                                                                 Piutang usaha dan pendapatan pengelolaan perkantoran/
       3.    PT Bumi Resources Tbk                    Afiliasi / Affiliate
                                                                                    Trade receivables and management office revenue
                                                                                 Piutang usaha dan pendapatan pengelolaan perkantoran/
       4.    PT Bakrie & Brothers Tbk                 Afiliasi / Affiliate
                                                                                    Trade receivables and management office revenue
                                                                                 Piutang usaha dan pendapatan pengelolaan perkantoran/
       5.    PT Energi Mega Persada Tbk               Afiliasi / Affiliate
                                                                                    Trade receivables and management office revenue
                                                                                 Piutang usaha dan pendapatan pengelolaan perkantoran/
       6.    PT Darma Henwa Tbk                       Afiliasi / Affiliate
                                                                                    Trade receivables and management office revenue
                                                                                 Piutang usaha dan pendapatan pengelolaan perkantoran/
       7.    PT Bumi Resources Minerals Tbk           Afiliasi / Affiliate
                                                                                    Trade receivables and management office revenue




                                                                 104
Page 392
PT BAKRIELAND DEVELOPMENT Tbk                                            PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                           FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                       (Expressed in millions of Rupiah, unless otherwise
lain)                                                                    stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                38. TRANSACTIONS    AND     BALANCES                       WITH
    BERELASI (Lanjutan)                                                       RELATED PARTIES (Continued)

       No    Pihak Berelasi / Related Parties     Hubungan / Relationship              Sifat Hubungan / Nature of Transactions

                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       8.    PT Bakrie Sumatera Plantations Tbk        Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       9.    PT Arutmin Indonesia                      Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       10.   PT Bakrie Global Ventura                  Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       11.   PT Bakrie Indo Infrastructure             Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue

       12.   PT Fastmanajemen Properti                 Afiliasi / Affiliate                        Piutang usaha/
                                                                                                  Trade receivables
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       13.   PT Bakrie Telecom Tbk                     Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue

       14.   Long Haul Holding Ltd.                    Afiliasi / Affiliate                        Piutang usaha/
                                                                                                  Trade receivables
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       15.   PT Rasuna Sentra Medika                   Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       16.   PT Graha Adika Niaga                      Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       17.   PT Bakrie Kalila Investment               Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue

       18.   PT Petrocom Nuansa Nusantara              Afiliasi / Affiliate                       Piutang lain-lain/
                                                                                                  Other receivables

       19.   Minarak Labuan Co. Ltd.                   Afiliasi / Affiliate                     Piutang pihak berelasi/
                                                                                               Due from related parties

       20.   PT Permata Sakti Mandiri                  Afiliasi / Affiliate                     Piutang pihak berelasi/
                                                                                               Due from related parties

       21.   PT Pazkul Kahuripan Premiere              Afiliasi / Affiliate                     Piutang pihak berelasi/
                                                                                               Due from related parties

       22.   PT Minarak Brantas Gas                    Afiliasi / Affiliate                     Utang pihak berelasi/
                                                                                                Due to related parties
             PT Sanggraha Pelita Development                                                    Utang pihak berelasi/
       23.                                             Afiliasi / Affiliate
             Services                                                                           Due to related parties

       24.   PT Minarak Artha Raya                     Afiliasi / Affiliate                     Utang pihak berelasi/
                                                                                                Due to related parties
                                                                                        Pendapatan pengelolaan perkantoran/
       25.   PT Lativi Media Karya                     Afiliasi / Affiliate
                                                                                            Management office revenue
                                                                                        Pendapatan pengelolaan perkantoran/
       26.   BUT EMP Bentu Limited                     Afiliasi / Affiliate
                                                                                            Management office revenue
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       27.   PT Multi Kontrol Nusantara                Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue
                                                                                Piutang usaha dan pendapatan pengelolaan perkantoran/
       28.   Minarak Brantas Gas Inc.                  Afiliasi / Affiliate
                                                                                   Trade receivables and management office revenue
                                                                                     Piutang lain-lain dan piutang pihak berelasi/
       29.   PT Persija Jaya Jakarta                   Afiliasi / Affiliate
                                                                                    Other receivables and due from related parties
                                                                                     Piutang lain-lain dan piutang pihak berelasi/
       30.   PT Persija Jakarta Property               Afiliasi / Affiliate
                                                                                    Other receivables and due from related parties
                                                                                     Piutang lain-lain dan piutang pihak berelasi/
       31.   PT Persija Jakarta Hebat                  Afiliasi / Affiliate
                                                                                    Other receivables and due from related parties




                                                                  105
Page 393
PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                            DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                           38. TRANSACTIONS    AND     BALANCES                     WITH
    BERELASI (Lanjutan)                                                  RELATED PARTIES (Continued)

   Saldo dan Transaksi dengan Pihak-Pihak Berelasi                       Balance and Transactions with Related Parties

   Rincian saldo dan transaksi dengan pihak-pihak                        The details of balances and transactions with related
   berelasi adalah sebagai berikut:                                      parties are as follows:

   a. Pendapatan dan piutang usaha                                       a. Revenues and trade receivables

      Pendapatan                                                            Revenues

                                                 2024                                 2023
                                                      Persentase                           Persentase
                                                    terhadap Total                       terhadap Total
                                                     Pendapatan                           Pendapatan
                                                         neto/                                neto/
                                                     Percentage                           Percentage
                                     Total/            to Total           Total/            to Total
                                     Total          Net Revenues          Total          Net Revenues

       PT Bakrie & Brothers Tbk          5.163             0,421%             5.110             0,401%       PT Bakrie & Brothers Tbk
       PT Bumi Resources Tbk             4.399             0,359%             4.385             0,344%        PT Bumi Resources Tbk
       BUT EMP Bentu Limited             3.282             0,268%             1.583             0,124%        BUT EMP Bentu Limited
       PT Energi Mega Persada Tbk        3.030             0,247%             3.212             0,252%    PT Energi Mega Persada Tbk
       PT Darma Henwa Tbk                2.729             0,222%             2.643             0,208%          PT Darma Henwa Tbk
       PT Bakrie Capital Indonesia       2.385             0,194%             1.890             0,148%     PT Bakrie Capital Indonesia
       PT Bumi Resources                                                                                          PT Bumi Resources
         Mineral Tbk                     2.354             0,192%             2.342             0,184%                  Mineral Tbk
       PT Lativi Media Karya             1.784             0,145%             2.233             0,175%          PT Lativi Media Karya
       PT Bakrie Sumatera                                                                                         PT Bakrie Sumatera
         Plantations Tbk                 1.661             0,135%             1.633             0,128%              Plantations Tbk
       PT Arutmin Indonesia              1.473             0,120%             1.469             0,115%           PT Arutmin Indonesia
       Lain-lain (masing-masing                                                                                    Others (each below
         di bawah Rp1 miliar)           10.773             0,878%             9.247             0,726%                of Rp1 billion)

       Total                            39.033             3,181%            35.747             2,805%                          Total



      Piutang usaha                                                         Trade receivables
                                                 2024                                 2023
                                                      Persentase                           Persentase
                                                    terhadap Total                       terhadap Total
                                                         Aset/                                Aset/
                                                     Percentage                           Percentage
                                     Total/            to Total           Total/            to Total
                                     Total              Assets            Total              Assets
       PT Bakrie & Brothers Tbk         14.794             0,169%            11.854             0,137%        PT Bakrie & Brothers Tbk
       PT Bakrie Global Ventura         12.697             0,145%            13.410             0,155%        PT Bakrie Global Ventura
       PT Bakrie Telecom Tbk            12.623             0,144%            14.137             0,164%          PT Bakrie Telecom Tbk
       PT Graha Adika Niaga             11.101             0,127%             9.201             0,107%           PT Graha Adika Niaga
       PT Rasuna Sentra Medika          10.700             0,122%            10.211             0,118%       PT Rasuna Sentra Medika
       Long Haul Holding Ltd.           10.211             0,117%            10.211             0,118%          Long Haul Holding Ltd.
       PT Bakrie Kalila Investment       9.851             0,113%             8.671             0,100%     PT Bakrie Kalila Investment
       PT Bakrie Capital Indonesia       9.600             0,110%            14.015             0,162%     PT Bakrie Capital Indonesia
       PT Multi Kontrol Nusantara        8.245             0,094%             6.981             0,081%      PT Multi Kontrol Nusantara
       PT Energi Mega Persada Tbk        4.394             0,050%             2.674             0,031%    PT Energi Mega Persada Tbk
       PT Minarak Brantas Gas            3.510             0,040%             7.823             0,091%         PT Minarak Brantas Gas
       Minarak Brantas Gas Inc.          3.450             0,039%             2.760             0,032%        Minarak Brantas Gas Inc.
       PT Bumi Resources                                                                                           PT Bumi Resources
         Minerals Tbk                    2.643             0,030%             2.807             0,033%                 Minerals Tbk




                                                             106
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PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                              DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                             38. TRANSACTIONS    AND     BALANCES                       WITH
    BERELASI (Lanjutan)                                                    RELATED PARTIES (Continued)
                                                   2024                                  2023
                                                        Persentase                            Persentase
                                                      terhadap Total                        terhadap Total
                                                           Aset/                                 Aset/
                                                       Percentage                            Percentage
                                       Total/            to Total           Total/             to Total
                                       Total              Assets            Total               Assets
       BUT EMP Bentu Limited               2.562             0,029%             1.583              0,018%        BUT EMP Bentu Limited
       PT Bakrie Indo Infrastructure       2.318             0,027%             2.318              0,027%    PT Bakrie Indo Infrastructure
       PT Fastmanajemen Properti               -                  -             2.474              0,029%    PT Fastmanajemen Properti
       Lain-lain (masing-masing                                                                                        Other (each below
         di bawah Rp2 miliar)             17.963             0,205%            13.578              0,157%                  Rp2 billion)
       Total piutang usaha               136.662             1,561%           134.708              1,560%          Total trade receivables
       Dikurangi penyisihan                                                                                                 Less provision
          kerugian penurunan nilai        80.531             0,921%            82.742              0,958%        for impairment losses
       Neto                               56.131             0,640%            51.966              0,602%                             Net



      Seluruh piutang usaha dari pihak berelasi Grup                          All of the Group’s trade receivables from related
      dalam denominasi mata uang Rupiah.                                      parties are denominated in Rupiah currency.
      Manajemen Grup berkeyakinan bahwa cadangan                              The Group’s management believes that
      kerugian penurunan nilai tersebut di atas adalah                        allowance for impairment losses is adequate to
      cukup untuk menutup kemungkinan kerugian atas                           cover possible losses from uncollectible
      tidak   tertagihnya  piutang     pada    tanggal                        receivables as of December 31, 2024 and 2023.
      31 Desember 2024 dan 2023.
      PT Bakrie Swasakti Utama (BSU) dan                                      PT Bakrie Swasakti Utama (BSU) and
      PT Provices Indonesia (PVI), Entitas Anak,                              PT Provices Indonesia (PVI), Subsidiaries, have
      melakukan penyewaan dan pengelolaan ruang                               engaged in leasing and management of office
      perkantoran, penjualan unit apartemen, jasa                             space, sales of apartment units, maintenance
      pemeliharaan dan perawatan dan service charge                           and care services, and service charge to related
      kepada pihak berelasi dengan menggunakan                                parties using pricing terms and policies that may
      kebijakan harga dan syarat yang mungkin                                 be different from third parties. Trade receivables
      berbeda dengan pihak ketiga. Piutang usaha                              in relation to these transactions are presented as
      sehubungan dengan transaksi tersebut disajikan                          part of “Trade Receivables - Related Parties”
      sebagai bagian dari akun “Piutang Usaha - Pihak                         account in the consolidated statements of
      Berelasi” pada laporan        posisi keuangan                           financial position.
      konsolidasian.

   b. Piutang lain-lain                                                    b. Other receivables
                                                   2024                                  2023
                                                        Persentase                            Persentase
                                                      terhadap Total                        terhadap Total
                                                           Aset/                                 Aset/
                                                       Percentage                            Percentage
                                       Total/            to Total           Total/             to Total
                                       Total              Assets            Total               Assets
       PT Persija Jaya Jakarta             4.700             0,054%                  -                  -       PT Persija Jaya Jakarta
       PT Persija Jakarta Property         3.500             0,040%                  -                  -    PT Persija Jakarta Property
       PT Persija Jakarta Hebat            3.000             0,034%                  -                  -      PT Persija Jakarta Hebat
       PT Petrocom Nuansa                                                                                         PT Petrocom Nuansa
         Nusantara                         2.673             0,031%             2.673              0,031%                  Nusantara
       Total                              13.873             0,159%             2.673              0,031%                          Total
       Dikurangi cadangan kerugian                                                                                    Less allowance for
             penurunan nilai               2.843             0,033%             2.673              0,031%             impairment loss
       Neto                               11.030             0,126%                  -                  -                            Net


      Pada tahun 2024, piutang lain-lain ke Persija Grup                      In 2024, other receivables to Persija Group
      direklasifikasi ke aset lancar sebubungan dengan                        reclassified as current assets related to change
      perubahan jangka waktu perjanjian dalam satu                            the terms of the agreements within one year.
      tahun.

                                                               107
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PT BAKRIELAND DEVELOPMENT Tbk                                           PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                          FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                               DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                      (Expressed in millions of Rupiah, unless otherwise
lain)                                                                   stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                              38. TRANSACTIONS    AND     BALANCES                        WITH
    BERELASI (Lanjutan)                                                     RELATED PARTIES (Continued)
      Seluruh piutang lain-lain dari pihak berelasi Grup                       All of the Group’s other receivables to related
      dalam denominasi mata uang Rupiah.                                       parties are denominated in Rupiah currency.
      Manajemen Grup berkeyakinan bahwa cadangan                               The Group’s management believes that
      kerugian penurunan nilai tersebut di atas adalah                         allowance for impairment losses is adequate to
      cukup untuk menutup kemungkinan kerugian atas                            cover possible losses from uncollectible
      tidak   tertagihnya  piutang     pada    tanggal                         receivables as of December 31, 2024 and 2023.
      31 Desember 2024 dan 2023.
   c. Piutang pihak berelasi                                                c. Due from related parties
                                                    2024                                 2023
                                                         Persentase                           Persentase
                                                       terhadap Total                       terhadap Total
                                                            Aset/                                Aset/
                                                        Percentage                           Percentage
                                      Total/              to Total           Total/            to Total
                                      Total                Assets            Total              Assets

       PT Permata Sakti Mandiri          45.365               0,519%            45.355             0,525%         PT Permata Sakti Mandiri
       PT Minarak Brantas Gas             6.682               0,076%             6.728             0,078%          PT Minarak Brantas Gas
       PT Pazkul Kahuripan Premiere       4.915               0,056%             4.685             0,054%     PT Pazkul Kahuripan Premiere
       PT Persija Jaya Jakarta                -                    -             4.500             0,052%           PT Persija Jaya Jakarta
       PT Persija Jakarta Property            -                    -             3.000             0,035%       PT Persija Jakarta Property
       PT Persija Jakarta Hebat               -                    -             3.000             0,035%          PT Persija Jakarta Hebat
       Minarak Labuan Co. Ltd.                -                    -             1.366             0,016%          Minarak Labuan Co. Ltd.
       Lain-lain (masing-masing                                                                                          Other (each below
         di bawah Rp2 miliar)               4.290             0,049%             6.689             0,077%                     Rp2 billion)

       Total                             61.252               0,700%            75.323             0,872%                              Total
       Dikurangi cadangan kerugian                                                                                           Less allowance
          penurunan nilai                51.708               0,591%            16.254             0,188%             for impairment loss

       Neto                                 9.544             0,109%            59.069             0,684%                               Net


      Mutasi penyisihan atas cadangan penurunan nilai                          The changes in the allowance for impairment
      piutang pihak berelasi adalah sebagai berikut:                           loss of due from related parties are as follows:
                                                           2024               2023
                                                                                                                  Balance at beginning
       Saldo awal tahun                                      16.254             36.836                                   of the year
       Penambahan penyisihan (Catatan 36)                    48.485              6.338                   Addition of provision (Note 36)
       Pemulihan penyisihan (Catatan 36)                    (13.031)           (22.455)                   Reversal provision (Note 36)
       Penghapusan penyisihan                                     -             (4.465)                            Write-off of provision
       Saldo akhir tahun                                     51.708             16.254                       Balance at end of the year


      Seluruh saldo piutang pihak berelasi Grup dalam                          All of the Group’s due from related parties are
      denominasi mata uang Rupiah.                                             denominated in Rupiah currency.
      Piutang pihak berelasi berasal dari pemberian                            Balance due from related parties represents
      pinjaman dana (uang muka) dan penggantian                                borrowings (advances) and reimbursement of
      biaya kepada pihak berelasi. Piutang-piutang ini                         expenses to related parties. These receivables
      tidak dibebani bunga dan tidak memiliki jadwal                           bear no interest and have no fixed repayment
      pelunasan kembali yang tetap.                                            period.
      Pada tahun 2024, penambahan cadangan                                     In 2024, the addition of allowance for impairment
      penurunan nilai piutang pihak berelasi terutama                          losses due from related parties, mainly represent
      piutang dari PT Permata Sakti Mandiri (PSM) milik                        of receivable from PT Permata Sakti Mandiri
      PT Bakrie Swasakti Utama dan PT Bakrie                                   (PSM) owned by PT Bakrie Swasakti Utama and
      Pangripta Loka, Entitas Anak, masing-masing                              PT Bakrie Pangripta Loka, Subsidiaries,
      sebesar Rp17,24 miliar dan Rp28,12 miliar                                amounted to Rp17.24 billion and Rp28.12 billion,
      sehubungan dengan penetapan pailit PSM                                   respectively, regarding with the determination of
      berdasarkan putusan pengadilan dan telah                                 PSM’s bankruptcy based on court decision which
      berkekuatan hukum tetap.                                                 has permanent legal force.


                                                                108
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PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                      38. TRANSACTIONS    AND     BALANCES                             WITH
    BERELASI (Lanjutan)                                                             RELATED PARTIES (Continued)

      Manajemen Grup berkeyakinan bahwa cadangan                                         The Group’s management believes that the
      kerugian penurunan nilai piutang pihak berelasi                                    allowance for impairment of due from related
      telah memadai untuk menutup kerugian kredit                                        parties is adequate to cover expected credit
      ekspektasian atas piutang pihak berelasi tidak                                     losses related to uncollectible amounts due from
      tertagih berdasarkan hasil penelaahan piutang                                      related parties based on the review of receivable
      pada akhir tahun.                                                                  status at the end of the year.

   d. Utang pihak berelasi                                                          d. Due to related parties
                                                      2024                                            2023
                                                               Persentase                                      Persentase
                                                             terhadap Total                                  terhadap Total
                                                                Liabilitas/                                     Liabilitas/
                                                              Percentage                                      Percentage
                                     Total/                      To Total            Total/                      To Total
                                     Total                      Liabilities          Total                      Liabilities

       PT Minarak Artha Raya                  5.632                   0,207%                  5.632                   0,225%        PT Minarak Artha Raya
       PT Sanggraha Pelita                                                                                                             PT Sanggraha Pelita
         Development Services                 2.521                   0,093%                  2.521                   0,101%       Development Services
       PT Petromine Energy Trading            1.000                   0,037%                  1.000                   0,040%   PT Petromine Energy Trading
       PT Minarak Brantas Gas                     -                   0,000%                  3.782                   0,151%       PT Minarak Brantas Gas
       Lain-lain (masing-masing                                                                                                          Other (each below
         di bawah Rp1 miliar)                 6.710                   0,247%                  6.869                   0,274%                 Rp1 billion)

       Total                              15.863                      0,584%              19.804                      0,791%                         Total



      Utang kepada PT Minarak Brantas Gas                                                Payable to PT Minarak Brantas Gas represents a
      merupakan utang dana talangan yang diterima                                        bridging loan received by GAP, Subsidiary.
      oleh GAP, Entitas Anak. Pinjaman ini tidak dikenai                                 These payables are non-interest bearing. This
      bunga. Perjanjian ini telah diperbarui dari waktu ke                               agreement has been amended several times, the
      waktu, perubahan terakhir pada tanggal                                             latest on December 28, 2022 which extends the
      28 Desember 2022, sampai dengan tanggal                                            term until December 30, 2024. This loan was
      30 Desember 2024. Pinjaman ini telah dilunasi                                      settled on December 30, 2024.
      pada tanggal 30 Desember 2024.

      Utang pihak berelasi berasal dari pemberian                                        Balance due to related parties represents
      pinjaman dana (uang muka) dan penggantian                                          borrowings (advances) and reimbursement of
      biaya kepada pihak berelasi. Utang-utang ini tidak                                 expenses to related parties. These payables
      dibebani bunga dan tidak memiliki jadwal                                           bear no interest and have no fixed repayment
      pelunasan kembali yang tetap.                                                      period.

      Seluruh utang pihak berelasi                Grup         dalam                     All of the Group’s due to related parties are
      denominasi mata uang Rupiah.                                                       denominated in Rupiah currency.

   e. Uang muka pelanggan                                                           e. Advance from customers

                                                        2024                                          2023
                                                                Persentase                                     Persentase
                                                              terhadap Total                                 terhadap Total
                                                                 Liabilitas/                                    Liabilitas/
                                                               Percentage                                     Percentage
                                         Total/                   to Total            Total/                     to Total
                                         Total                   Liabilities          Total                     Liabilities

       Lain-lain (masing-masing                                                                                                       Other (each below
         di bawah Rp2 miliar)                  16.900                  0,622%             17.786                    0,709%                Rp2 billion)




                                                                         109
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PT BAKRIELAND DEVELOPMENT Tbk                                                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                             (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                          stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                                      38. TRANSACTIONS    AND     BALANCES                                             WITH
    BERELASI (Lanjutan)                                                                             RELATED PARTIES (Continued)

   f. Pendapatan ditangguhkan                                                                            f. Deferred income

                                                                   2024                                                   2023
                                                                          Persentase                                           Persentase
                                                                        terhadap Total                                       terhadap Total
                                                                           Liabilitas/                                          Liabilitas/
                                                                         Percentage                                           Percentage
                                                    Total/                  to Total                      Total/                 to Total
                                                    Total                  Liabilities                    Total                 Liabilities

          Lain-lain (masing-masing                                                                                                                                Other (each below
            di bawah Rp2 miliar)                           6.468                      0,238%                    5.855                    0,233%                       Rp2 billion)



   g. Imbalan kerja jangka pendek                                                                        g. Short-term employee benefits

         Gaji dan kompensasi lainnya yang dibayarkan                                                         Remunerations to the Boards of Commissioners
         kepada Dewan Komisaris dan Direksi Grup pada                                                        and Directors of the Group in 2024 and 2023 are
         tahun 2024 dan 2023 adalah sebagai berikut:                                                         as follows:

                                                                            2024                            2023
          Direksi                                                                     3.176                      3.315                                    Board of Directors
          Dewan Komisaris                                                             2.623                      3.093                              Board of Commissioners
          Total                                                                       5.799                      6.408                                                           Total



39. INFORMASI SEGMEN                                                                            39. SEGMENT INFORMATION

   Grup memiliki usaha yang terbagi dalam lima divisi                                                    The Group divides its business into five operational
   operasi, yang meliputi usaha yang berhubungan                                                         divisions, comprising of:
   dengan:
   (i) Divisi I terdiri dari penjualan tanah, rumah,                                                     (i) Division I represents sales of land, residential,
         apartemen/ kondotel dan ruang perkantoran;                                                           apartment/ condotel and office spaces;
   (ii) Divisi II terdiri dari sewa dan pengelolaan                                                      (ii) Division II represents rental and management of
         perkantoran, ruangan, lapangan dan iuran                                                             office, spaces, courts and membership fees;
         keanggotaan;
   (iii) Divisi III terdiri dari hotel, makanan dan minuman;                                             (iii) Division III represents hotel, food                                   and
                                                                                                               beverages;
   (iv) Divisi IV terdiri dari taman hiburan; dan                                                        (iv) Division IV represents theme parks; and
   (v) Divisi V terdiri dari lain-lain.                                                                  (v) Division V represents others.`

   Informasi segmen berikut ini dilaporkan berdasarkan                                                   The following segment information is reported based
   informasi yang digunakan oleh manajemen untuk                                                         on the information used by management to evaluate
   mengevaluasi kinerja setiap segmen dan menentukan                                                     the performance of each segment and the allocation
   alokasi sumber daya.                                                                                  of resources.

                                                                                           2024
                                 Divisi I/        Divisi II/        Divisi III/         Divisi IV/        Divisi V/         Eliminasi/        Konsolidasi/
                                Division I       Division II       Division III        Division IV       Division V        Elimination       Consolidation
    Pendapatan neto                  143.158         741.408           290.542              51.632                    -                  -        1.226.740                 Net revenues
    Beban pokok pendapatan           101.759         605.730            84.791              16.152                    -                  -         808.432               Cost of revenues
    Laba bruto                        41.399         135.678           205.751              35.480                    -                  -         418.308                    Gross profit
    Beban penjualan                    (6.408)           (802)         (10.168)             (2.959)                   -                  -          (20.337)             Selling expenses
    Beban umum dan                                                                                                                                                            General and
      administrasi                   (125.299)        (72.693)         (86.973)            (18.838)            (383)                     -         (304.186)   administrative expenses
                                                                                                                                                                             Income (loss)
    Laba (rugi) usaha                 (90.308)         62.183          108.610              13.683             (383)                     -          93.785               from operation
    Beban bunga dan                                                                                                                                                  Interest expense and
      keuangan - neto                 (80.095)         (3.922)              237            (10.665)                   -                  -          (94.445)     financial charges - net
    Bagian atas rugi neto                                                                                                                                              Share in net loss of
      Entitas Asosiasi                (13.104)                 -                  -                  -       (10.170)             4.732             (18.542)               an Associate




                                                                                        110
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PT BAKRIELAND DEVELOPMENT Tbk                                                                            PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                           FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                                                DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                                       (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                                    stated)

39. INFORMASI SEGMEN (Lanjutan)                                                                           39. SEGMENT INFORMATION (Continued)
                                                                                                      2024
                                         Divisi I/        Divisi II/            Divisi III/        Divisi IV/        Divisi V/        Eliminasi/         Konsolidasi/
                                        Division I       Division II           Division III       Division IV       Division V       Elimination        Consolidation
    Beban pajak final                        (2.994)           (9.647)                    -              (42)                -                 -             (12.683)                    Final tax expense
    Laba (rugi) selisih                                                                                                                                                              Gain (loss) on foreign
      kurs - neto                           (26.636)              51                      -                -          (14.902)            11.085             (30.402)                    exchange - net
    Rugi atas pembatalan                                                                                                                                                         Loss on unit cancellation
      penjualan unit                                                                                                                                                              of sales of residential
      rumah dan apartemen                      (356)                   -                  -                -                 -                 -                (356)                   and apartments
                                                                                                                                                                                   Gain (loss) on sale and
    Laba (rugi) atas penjualan dan                                                                                                                                              disposal of fixed assets
      penghapusan aset tetap dan                                                                                                                                                        and investment
      properti investasi - neto                141                62               (1.644)                 -                -                  -              (1.441)                    properties - net
    Lain-lain - neto                        57.762           (18.390)             (74.951)             4.177           11.004            (11.453)            (31.851)                       Others - net
    Laba (rugi)
      sebelum manfaat                                                                                                                                                                 Profit (loss) before
      (beban) pajak penghasilan           (155.590)           30.337               32.252              7.153          (14.451)             4.364             (95.935)     income tax benefit (expense)
    Manfaat (beban)                                                                                                                                                                     Income tax benefit
      pajak penghasilan                              -        (2.100)               (3.913)                -                 -                 -              (6.013)                        (expense)
    Laba (rugi) neto                      (155.590)           28.237               28.339              7.153          (14.451)             4.364            (101.948)                      Net profit (loss)

    Penghasilan (rugi)                                                                                                                                                             Other comprehensive
      komprehensif lain                                                                                                                                                                 income (loss)
    Pos-pos yang tidak akan                                                                                                                                                        Items that will not be
      direklasifikasi lebih lanjut                                                                                                                                          reclassified subsequently
      ke laba rugi:                                                                                                                                                                      to profit loss:
      Keuntungan (kerugian)
         aktuarial                            2.014            1.293                  (122)                -                 -                 -               3.185            Actuarial gains (losses)
      Pajak penghasilan terkait                   -             (186)                    -                 -                 -                 -                (186)               Related income tax

    Pos-pos yang akan
      direklasifikasi lebih                                                                                                                                                Items that will be reclassified
      lanjut ke laba rugi:                                                                                                                                                subsequently to profit loss:
      Bagian rugi yang belum
         direalisasi investasi pada                                                                                                                                          Share in unrealized loss of
         Entitas Asosiasi                       (34)                   -                  -                -                 -                 -                 (34)     investment in an Associate
                                                                                                                                                                           Exchange differences due to
      Selisih kurs penjabaran laporan                                                                                                                                            financial statements
        keuangan                                     -                 -                  -                -           24.590                  -             24.590                         translation
      Rugi pada aset keuangan yang                                                                                                                                          Unrealized loss on financial
        belum direalisasi pada nilai                                                                                                                                      assets at fair value through
        wajar melalui penghasilan                                                                                                                                               other comprehensive
        komprehensif lain                   (32.637)                   -                  -                -                 -                 -             (32.637)                           income
    Penghasilan (rugi)                                                                                                                                                               Other comprehensive
      komprehensif lain -                                                                                                                                                               income (loss) -
      setelah pajak                         (30.657)           1.107                  (122)                -           24.590                  -              (5.082)                        net of tax
    Penghasilan (rugi)
      komprehensif                                                                                                                                                                   Net comprehensive
      neto                                (186.247)           29.344               28.217              7.153           10.139              4.364            (107.030)                  income (loss)
    Informasi segmen lainnya                                                                                                                                              Other information of segment
       Aset segmen                      29.673.411        19.721.024            1.362.235           220.293         1.636.021        (43.870.967)          8.742.017                  Segment assets
       Liabilitas segmen                18.651.573        16.939.494              106.440            19.069         1.249.037        (34.247.811)          2.717.802                Segment liabilities




                                                                                                      2023
                                         Divisi I/        Divisi II/            Divisi III/        Divisi IV/        Divisi V/        Eliminasi/         Konsolidasi/
                                        Division I       Division II           Division III       Division IV       Division V       Elimination        Consolidation
    Pendapatan neto                         275.853          644.196               308.389             44.952                    -                  -       1.273.390                          Net revenues
    Beban pokok pendapatan                  216.222          515.682                92.878             11.757                    -                  -         836.539                      Cost of revenues
    Laba bruto                               59.631          128.514               215.511             33.195                    -                  -         436.851                            Gross profit
    Beban penjualan                          (5.808)             (869)               (9.883)           (1.623)                   -                  -         (18.183)                     Selling expenses
    Beban umum dan                                                                                                                                                                              General and
      administrasi                         (126.717)          (89.092)             (90.668)           (18.122)             (371)                    -        (324.970)           administrative expenses
                                                                                                                                                                                                Income (loss)
    Laba (rugi) usaha                       (72.894)           38.553              114.960             13.450              (371)                    -          93.698                       from operation
    Kerugian penurunan nilai                                                                                                                                                          Loss on impairment of
      goodwill                             (809.615)                       -                  -                 -                -                  -        (809.615)                             goodwill
    Beban bunga dan                                                                                                                                                                    Interest expense and
      keuangan - neto                       (56.899)           (5.916)                 (197)          (11.629)               (8)                    -         (74.649)             financial charges - net
    Bagian atas rugi neto                                                                                                                                                                Share in net loss of
      Entitas Asosiasi                      (52.495)                -                         -             -           (19.618)           26.078             (46.035)                        an Associate
    Beban pajak final                        (6.907)           (8.824)                        -          (289)                -                 -             (16.020)                     Final tax expense
    Laba (rugi) selisih                                                                                                                                                                Gain (loss) on foreign
      kurs - neto                           (17.854)              339                         -                 -        4.636                      -         (12.879)                     exchange - net
    Kerugian atas                                                                                                                                                                    Loss from demolition of
      pembongkaran bangunan                  (4.477)                       -                  -                 -                -                  -           (4.477)                            building
    Rugi atas pembatalan                                                                                                                                                           Loss on unit cancellation
      penjualan unit                                                                                                                                                                of sales of residential
      rumah dan apartemen                    (3.350)                       -                  -                 -                -                  -           (3.350)                   and apartments
                                                                                                                                                                                     Gain (loss) on sale and
    Laba (rugi) atas penjualan dan                                                                                                                                                disposal of fixed assets
      penghapusan aset tetap dan                                                                                                                                                          and investment
      properti investasi - neto                 151                 -                 (114)            (1.907)                -                     -          (1.870)                     properties - net
    Lain-lain - neto                        (80.246)           (1.004)             (78.248)             3.642           (86.187)                    -        (242.043)                         Others - net




                                                                                                  111
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PT BAKRIELAND DEVELOPMENT Tbk                                                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                              stated)

39. INFORMASI SEGMEN (Lanjutan)                                                                     39. SEGMENT INFORMATION (Continued)

                                                                                                2023
                                       Divisi I/        Divisi II/        Divisi III/        Divisi IV/        Divisi V/            Eliminasi/        Konsolidasi/
                                      Division I       Division II       Division III       Division IV       Division V           Elimination       Consolidation
    Laba (rugi)
      sebelum manfaat                                                                                                                                                              Profit (loss) before
      (beban) pajak penghasilan        (1.104.586)           23.148           36.401              3.267         (101.548)                26.078          (1.117.240)   income tax benefit (expense)
    Manfaat (beban)                                                                                                                                                                  Income tax benefit
      pajak penghasilan                            -         (1.604)           (3.713)                    -                -                     -           (5.317)                      (expense)
    Laba (rugi) neto                   (1.104.586)           21.544           32.688              3.267         (101.548)                26.078          (1.122.557)                    Net profit (loss)

    Penghasilan (rugi)                                                                                                                                                          Other comprehensive
      komprehensif lain                                                                                                                                                              income (loss)
    Pos-pos yang tidak akan                                                                                                                                                     Items that will not be
      direklasifikasi lebih lanjut                                                                                                                                       reclassified subsequently
      ke laba rugi:                                                                                                                                                                   to profit loss:
      Keuntungan (kerugian)
         aktuarial                          2.000            (5.236)            1.589                     -                -                     -           (1.647)         Actuarial gains (losses)
      Pajak penghasilan terkait                 -               632                 -                     -                -                     -              632              Related income tax

    Pos-pos yang akan
      direklasifikasi lebih                                                                                                                                             Items that will be reclassified
      lanjut ke laba rugi:                                                                                                                                             subsequently to profit loss:
      Bagian rugi yang belum
         direalisasi investasi pada                                                                                                                                       Share in unrealized loss of
         Entitas Asosiasi                 (11.121)                   -                  -                 -                -                     -          (11.121)   investment in an Associate
      Selisih kurs atas                                                                                                                                                            Foreign exchange
         penjabaran laporan                                                                                                                                              differences from financial
            keuangan                               -                 -                  -                 -       24.091                         -          24.091           statements translation
    Penghasilan (rugi)                                                                                                                                                           Other comprehensive
      komprehensif lain -                                                                                                                                                           income (loss) -
      setelah pajak                        (9.121)           (4.604)            1.589                     -       24.091                         -          11.955                       net of tax
    Penghasilan (rugi)
      komprehensif                                                                                                                                                                Net comprehensive
      neto                             (1.113.707)           16.940           34.277              3.267           (77.457)               26.078          (1.110.602)                income (loss)
    Informasi segmen lainnya                                                                                                                                           Other information of segment
       Aset segmen                     30.126.919       18.680.715         1.374.370            219.073        1.647.016             (43.409.040)        8.639.053                 Segment assets
       Liabilitas segmen               18.517.909       16.368.871           127.788             21.683        1.270.171             (33.798.614)        2.507.808               Segment liabilities




40. KOMPONEN EKUITAS LAINNYA                                                                        40. OTHER COMPONENT OF EQUITY

                                                                              2024                            2023
    Keuntungan aktuarial                                                         24.283                         21.284                                               Actuarial gain
                                                                                                                                                                Foreign exchange
    Selisih kurs atas penjabaran                                                                                                                     differences from financial
        laporan keuangan                                                      (819.915)                       (844.505)                                  statements translation
    Rugi pada aset keuangan yang
        belum direalisasi pada nilai wajar                                                                                                 Unrealized loss on financial assets
        melalui penghasilan                                                                                                                    at fair value through other
        komprehensif lain                                                       (32.637)                                       -                  comprehensive income
    Bagian rugi yang belum direalisasi                                                                                                             Share in unrealized loss of
        investasi pada Entitas Asosiasi                                         (11.155)                       (11.121)                       investment in an Associate
    Lain-lain (masing-masing                                                                                                                               Others (each below
        di bawah Rp2 miliar)                                                     84.434                         84.434                                      of Rp2 billion)
    Total                                                                     (754.990)                       (749.908)                                                                     Total




                                                                                            112
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PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)

41. KEPENTINGAN NONPENGENDALI                                                   41. NON-CONTROLLING INTEREST

   a. Ekuitas - kepentingan nonpengendali                                            a. Equity - non-controlling interest

       Rincian ekuitas dari kepentingan nonpengendali                                    The detail of equity from non-controlling interest
       atas aset neto Entitas Anak pada tanggal                                          in  net     asset    of   Subsidiaries    as    of
       31 Desember 2024 dan 2023 adalah sebagai                                          December 31, 2024 and 2023 is as follows:
       berikut:

                                                                2024                    2023
       PT Graha Andrasentra                                                                                                 PT Graha Andrasentra
          Propertindo Tbk                                        635.177                 651.497                                Propertindo Tbk
       PT Jasa Boga Raya                                           2.621                   2.625                                PT Jasa Boga Raya
       PT Bakrie Swasakti Utama                                 (163.238)               (146.141)                        PT Bakrie Swasakti Utama
       PT Krakatau Lampung                                                                                                  PT Krakatau Lampung
          Tourism Development                                        (2.614)               (2.615)                        Tourism Development
       Neto                                                      471.946                 505.366                                                      Net


   b. Rugi neto yang dapat diatribusikan kepada                                      b. Net loss          attributable        to      non-controlling
      kepentingan nonpengendali                                                         interest

       Rugi komprehensif neto tahun berjalan yang dapat                                  Net comprehensive loss for the year attributable
       diatribusikan kepada kepentingan nonpengendali                                    to non-controlling interest during 2024 and 2023
       selama tahun 2024 dan 2023 adalah sebagai                                         is as follows:
       berikut:

                                                      2024                                       2023
                                                          Total Penghasilan                          Total Penghasilan
                                                         (Rugi) Komprehensif                        (Rugi) Komprehensif
                                        Laba (Rugi)        Tahun Berjalan/         Laba (Rugi)        Tahun Berjalan/
                                      Tahun Berjalan/   Total Comprehensive      Tahun Berjalan/   Total Comprehensive
                                      Income (Loss)         Income (Loss)        Income (Loss)         Income (Loss)
                                       For the Year          For the Year         For the Year          For the Year

       PT Krakatau Lampung                                                                                                             PT Krakatau Lampung
         Tourism Development                        1                      1                   1                    1                Tourism Development
       PT Bakrie Swasakti Utama               (17.097)               (17.097)            (18.416)             (18.416)             PT Bakrie Swasakti Utama
       PT Graha Andrasentra                                                                                                            PT Graha Andrasentra
         Propertindo Tbk                      (16.320)               (16.320)            (25.439)             (25.439)                     Propertindo Tbk
       PT Jasa Boga Raya                           (4)                    (4)                489                  489                    PT Jasa Boga Raya

       Neto                                   (33.420)               (33.420)            (43.365)             (43.365)                                 Net




42. RUGI PER SAHAM DASAR/DILUSIAN                                               42. BASIC/DILUTED LOSS PER SHARE

   Berikut adalah rekonsiliasi pembilang dan penyebut                                The following presents the reconciliation of the
   yang digunakan untuk perhitungan rugi per lembar                                  numerators and denominators used in the
   saham dasar dan dilusian:                                                         computation of basic and diluted loss per share:

                                                                             2024
                                                                        Total Rata-rata            Rugi
                                                                      Tertimbang Saham          Per Saham/
                                                      Rugi               yang Beredar/        Loss Per Share
                                                 Tahun Berjalan/       Average Number         (Rupiah Penuh/
                                                      Loss              of Outstanding         Full Amount
                                                  For the Year              Shares              in Rupiah)

    Rugi per saham dasar                                                                                                            Basic loss per share
    Rugi neto bersih yang dapat                                                                                                                  Net loss
       diatribusikan kepada pemilik                                                                                            attributable to owner
       Entitas Induk                                     (101.948)                43.522                 (2,34)                 of the Parent Entity




                                                                         113
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

42. RUGI PER SAHAM DASAR/DILUSIAN (Lanjutan)                        42. BASIC/DILUTED LOSS PER SHARE (Continued)

                                                                   2023
                                                              Total Rata-rata           Rugi
                                                            Tertimbang Saham         Per Saham/
                                               Rugi            yang Beredar/       Loss Per Share
                                          Tahun Berjalan/    Average Number        (Rupiah Penuh/
                                               Loss           of Outstanding        Full Amount
                                           For the Year           Shares             in Rupiah)

    Rugi per saham dasar                                                                                         Basic loss per share
    Rugi neto bersih yang dapat                                                                                               Net loss
       diatribusikan kepada pemilik                                                                         attributable to owner
       Entitas Induk                          (1.122.557)             43.522              (25,79)            of the Parent Entity



   Perusahaan tidak memiliki saham biasa yang                           The Company has no potential dilutive ordinary
   berpotensi dilutif. Dengan demikian, rugi per saham                  shares. Therefore, the diluted loss per share is
   dilusian setara dengan rugi per saham dasar.                         equivalent to the basic loss per share.


43. PERJANJIAN-PERJANJIAN             DAN     KOMITMEN              43. SIGNIFICANT                 AGREEMENTS                 AND
    PENTING                                                             COMMITMENTS
    a.   Pada tanggal 24 September 2004, PT Bakrie                      a. On September 24, 2004, PT Bakrie Swasakti
         Swasakti Utama (BSU), Entitas Anak, dan                           Utama (BSU), a Subsidiary, and BAPPENAS
         BAPPENAS menandatangani perjanjian Bangun                         signed an Agreement of Build, Operate and
         Guna Serah/BOT (Build, Operate and Transfer)                      Transfer  (BOT)     No.     4300/SES/09/2004,
         No. 4300/SES/09/2004, yang memperbaharui                          revoking    the      previous       agreements
         perjanjian            sebelumnya,           yaitu                 No. 4973/WK/8/1995 and No. 950A/WK/2/1998.
         No. 4973/WK/8/1995 dan No. 950A/WK/2/1998.                        The agreement stipulate as followings:
         Perjanjian tersebut berisi, antara lain:
         - Kompensasi yang akan diberikan oleh BSU                             -     The compensation to be provided by BSU
              kepada BAPPENAS yaitu berupa tanah                                     to BAPPENAS is in the form of land
              seluas kurang lebih 1,4 ha yang terletak di                            covering approximately 1.4 ha located in
              Desa Jatisari dan Desa Jati Sampurna, Kota                             Jatisari Village and Jati Sampurna Village,
              Bekasi. Kompensasi diberikan berkaitan                                 Bekasi City. The compensation provided is
              dengan pembangunan gedung di atas tanah                                in respect of the construction of buildings
              milik BAPPENAS yang berlokasi di Jl. H.R.                              on land owned by Bappenas located at
              Rasuna Said Kav. B2.                                                   Jl. H.R Rasuna Said Kav. B2.
         - Perubahan         jumlah      setoran  kepada                       -     The change in the amount of deposit to the
              Pemerintah melalui Kantor Kas Negara                                   Government through the State Treasury
              selama masa pengelolaan yaitu dari                                     during the management period is from
              US$28.572 per tahun menjadi Rp245,92 juta                              US$28,572 annually to Rp245.92 million
              per tahun.                                                             annually.
         - Masa        BOT      berlaku     sejak tanggal                      -     The BOT period is effective from
              1 Januari 2005 sampai dengan tanggal                                   January 1, 2005 to December 31, 2029.
              31 Desember 2029.
    b.   Grup mengadakan perjanjian jasa pengelolaan                    b. The Group conducted a service hotel/apartment
         hotel/apartemen dengan rincian sebagai berikut:                   management agreements with the details as
                                                                           follows:
         (i) Pada tanggal 20 Agustus 2007, BSU, selaku                      (i) On August 20, 2007, BSU, as the unit
             pemilik unit, menandatangani perjanjian                            owners, entered into the agreement with
             dengan    Aston    sehubungan    dengan                            Aston on operational management of Aston
             pengelolaan operasional Hotel/Apartemen                            Hotel/Apartment located at The Grove
             Aston yang berlokasi di The Grove Suites,                          Suites, Rasuna Epicentrum complex.
             kompleks Rasuna Epicentrum.
             Jangka waktu perjanjian adalah lima (5)                                 The term of the agreement is five (5) years
             tahun sejak peresmian apartemen dan dapat                               since the opening and can be extended
             diperpanjang sesuai dengan perjanjian.                                  according to the agreement. This
             Perjanjian ini telah diperbarui beberapa kali,                          agreement has been amended several
             dengan perubahan terakhir pada tanggal                                  times, with the latest amendment was on
             7 September 2021 untuk jangka waktu lima                                September 7, 2021 for a period of five (5)
             (5) tahun.                                                              years.


                                                              114
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

43. PERJANJIAN-PERJANJIAN            DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                  COMMITMENTS (Continued)

        (ii) Pada tanggal 4 Februari 2021, RRD, Entitas                     (ii) On February 4, 2021, RRD, a Subsidiary,
             Anak, menandatangani perjanjian dengan                              signed an agreement with PT Metropolitan
             PT Metropolitan      Golden    Management                           Golden     Management     regarding   the
             sehubungan         dengan       pengelolaan                         management of Horison Suites &
             Hotel/Apartemen       Horison    Suites     &                       Residences        Rasuna      Epicentrum
             Residences Rasuna Epicentrum yang                                   Hotel/Apartment located in Jakarta. The
             berlokasi di Jakarta. Jangka waktu perjanjian                       term     of      the    agreement       is
             adalah sepuluh (10) tahun dan dapat                                 ten (10) years and can be extended
             diperpanjang sesuai dengan perjanjian.                              according to the agreement.
            Pada tanggal 19 Februari 2024, BSU                                  On February 19, 2024, BSU revoked the
            mencabut surat penunjukan pengelolaan                               management engagement letter of the
            Hotel/Apartemen    Horison       Suites     &                       Horison Suites & Residence of Rasuna
            Residence Rasuna Epicentrum dari RRD.                               Epicentrum Hotel/Apartment from RRD.
            Dengan demikian, fungsi pengelolaan dan                             Thus, the management function and all
            seluruh kesepakatan terkait telah berakhir.                         related agreements have ended.
        (iii) Pada tanggal 24 Februari 2012, PT Graha                       (iii) On February 24, 2012, PT Graha Multi
              Multi    Insani   (GMI),    Entitas    Anak,                        Insani (GMI), a Subsidiary, signed a
              menandatangani perjanjian manajemen                                 management       agreement             with
              dengan     PT    Archipelago    International                       PT Archipelago International Indonesia on
              Indonesia sehubungan dengan pengelolaan                             operational management of Hotel Neo+
              Hotel     Neo+    Awana     yang     terletak                       Awana located in Yogyakarta. The
              di Yogyakarta. Jangka waktu perjanjian                              agreement was valid for ten (10) years. On
              adalah sepuluh (10) tahun. Pada tanggal                             April 1, 2015,  GMI      authorized    and
              1 April 2015, GMI memberikan kuasa dan                              appointed RRD, a Subsidiary, as the
              menunjuk RRD, Entitas Anak, sebagai                                 Owner Representative to perform the
              Owner Representative untuk melakukan                                management functions.
              fungsi pengelolaan.
            Perjanjian ini telah diperbarui beberapa kali,                      This agreement has been amended several
            dengan perubahan terakhir pada tanggal                              times, with the latest amendment on
            29 Juli 2019 sehubungan dengan adendum                              July 29, 2019, related to the addendum of
            re-branding nama hotel dari Hotel Neo+                              hotel name re-branding from the Neo+
            Awana Yogyakarta menjadi The Alana Hotel                            Awana Yogyakarta to The Alana Hotel &
            & Conference Center - Malioboro. Perjanjian                         Conference Center - Malioboro. The term
            ini berlaku efektif selama sepuluh (10) tahun                       of the agreement are valid for ten (10)
            sejak tanggal 1 Januari 2020.                                       years from January 1, 2020.
        (iv) Pada tanggal 28 Januari 2015, PT Bumi                          (iv) On January 28, 2015, PT Bumi Daya
             Daya Makmur (BDM) selaku Pemilik,                                   Makmur (BDM) as the Owner signed an
             menandatangani       perjanjian    dengan                           agreement       with   PT      Swiss-Belhotel
             PT Swiss-Belhotel International Indonesia                           International Indonesia (Swiss-Belhotel), as
             (Swiss-Belhotel)      selaku     Operator,                          the Operator, in connection with the
             sehubungan dengan pengelolaan Hotel/                                management         of   Swiss-Belresidences
             Apartemen Swiss-Belresidences Rasuna                                Rasuna      Epicentrum       Hotel/Apartment
             Epicentrum yang berada di Jakarta. Jangka                           located in Jakarta. The term of the
             waktu perjanjian adalah sepuluh (10) tahun                          agreement is ten (10) years from the soft
             sejak pembukaan perdana (soft opening)                              opening and can be extended for another
             dan dapat diperpanjang selama sepuluh (10)                          ten (10) years with prior notice.
             tahun dengan pemberitahuan terlebih
             dahulu.
        (v) Pada bulan Juli 2008, PT Graha Andrasentra                      (v) In July 2008, PT Graha Andrasentra
            Propertindo Tbk (GAP), Entitas Anak,                                Propertindo Tbk (GAP), a Subsidiary, and
            menandatangani        perjanjian   dengan                           PT Archipelago International Indonesia
            PT Archipelago    International  Indonesia                          entered into an agreement on operational
            sehubungan dengan pengelolaan Hotel/                                management of Aston Hotel/Apartment
            Apartemen Aston yang terletak di Bogor,                             located ini Bogor, West Java. The
            Jawa Barat. Jangka waktu perjanjian adalah                          agreement is valid for ten (10) years from
            sepuluh (10) tahun sejak pengoperasian                              the hotel’s operation date and can be
            hotel dan dapat diperpanjang jika disetujui                         extended if agreed in accordance with the
            sesuai dengan perjanjian.                                           agreement.

                                                              115
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

   43. PERJANJIAN-PERJANJIAN DAN KOMITMEN                           43. SIGNIFICANT      AGREEMENTS                     AND
   PENTING (Lanjutan)                                                   COMMITMENTS (Continued)

             Perjanjian ini telah diperbarui pada tanggal                       This agreement was renewed on
             2 November 2020 untuk jangka waktu lima                            November 2, 2020 for a period of five (5)
             (5) tahun, efektif dari tanggal 1 Januari 2021                     years, effective from January 1, 2021 to
             sampai dengan tanggal 31 Desember 2025,                            December 31, 2025, and can be extended
             dan dapat diperpanjang jika disepakati                             if agreed according to the agreement.
             sesuai dengan perjanjian.
    c.   Pada tanggal 22 Agustus 1998, BSU, Entitas                     c. On August 22, 1998, BSU, a Subsidiary,
         Anak, membuat perjanjian dengan Dinas                             entered into an agreement with Dinas Olahraga
         Olahraga DKI Jakarta tentang pengelolaan                          DKI Jakarta concerning the management of
         Gelanggang Olahraga Mahasiswa Soemantri                           Gelanggang Olahraga Mahasiswa Soemantri
         Brodjonegoro (GMSB) & Plaza Festival, dimana                      Brodjonegoro (GMSB) & Plaza Festival, in
         BSU berkewajiban untuk mendukung program                          which BSU is obligated to support the sports
         pembinaan keolahragaan mahasiswa DKI                              founding program for students of DKI Jakarta by
         Jakarta melalui penyelenggaraan pertandingan                      conducting the inter-students sport competition
         olahraga antar mahasiswa dengan anggaran                          with a budget of Rp300 million per year or by
         biaya Rp300 juta per tahun atau dengan cara                       paying cash of Rp300 million per year to Dinas
         menyerahkan dana Rp300 juta per tahun kepada                      Olahraga DKI Jakarta.
         Dinas Olahraga DKI Jakarta.
         Perjanjian tersebut selanjutnya dialihkan oleh                     The agreement was subsequently transferred by
         BSU kepada PT Bakrie Pesona Rasuna, Entitas                        BSU to PT Bakrie Pesona Rasuna,
         Anak.                                                              a Subsidiary.
    d.   Pada tanggal 6 Februari 2008, berdasarkan                      d. On February 6, 2008, based on the Joint
         perjanjian Kerjasama Usaha No. DIRUT/089/97/II                    Ventures agreement No. DIRUT/089/97/II/2008
         /2008 (untuk Perumnas) dan No. 010A/Perj-                         (for    Perumnas)    and     No.    010A/Perj-
         Kerjasama/BLD-Perumnas/II/2008           (untuk                   Kerjasama/BLD-Perumnas/II/2008      (for  the
         Perusahaan), Perusahaan Umum Pembangunan                          Company), Perusahaan Umum Pembangunan
         Perumahan       Nasional    (Perumnas)     dan                    Perumahan Nasional (Perumnas) and the
         Perusahaan mengadakan perjanjian Kerjasama                        Company entered into a Joint Ventures
         Usaha pembangunan dan pemasaran Rusunami                          agreement for the development and marketing
         (perjanjian KSU) di atas tanah milik Perumnas.                    of Rusunami (KSU agreement) on Perumnas
         Hal     ini   sesuai    dengan     perencanaan                    land, in accordance with the development plan
         pengembangan Kawasan Pulogebang dan                               of Pulogebang Region and Sentra Primer Baru
         Sentra Primer Baru Timur dengan nama KSO                          Timur under the name of KSO Perumnas -
         Perumnas - PT Bakrie Pangripta Loka (KSO PP-                      PT Bakrie Pangripta Loka (KSO PP-BPL).
         BPL).
         Perusahaan menunjuk PT Bakrie Pangripta Loka                       The Company appointed PT Bakrie Pangripta
         (BPL), Entitas Anak, untuk menggantikan posisi                     Loka (BPL), a Subsidiary, to take over the
         Perusahaan dalam menjalankan perjanjian                            Company’s position in running the Joint
         Kerjasama Usaha dengan Perumnas,yang telah                         Ventures agreement with Perumnas, which was
         disetujui oleh Perumnas pada tanggal 8 April                       approved by Perumnas on April 8, 2008. Profits
         2008. Laba atau rugi dari operasi akan                             or losses from the operations will be distributed
         didistribusikan dengan persentase sebesar 51%                      at 51% to BPL and 49% to Perumnas. The term
         untuk BPL dan 49% untuk Perumnas. Jangka                           of the agreement is 36 months and can be
         waktu perjanjian tersebut adalah 36 bulan dan                      extended upon agreement of both parties.
         dapat diperpanjang berdasarkan kesepakatan
         para pihak.
         Pada tanggal 24 Mei 2011, berdasarkan                              On May 24, 2011, based on Joint Ventures
         perjanjian         Kerjasama            Usaha                      agreement     No. DIRUT/304/97/V/2011    (for
         No. DIRUT/304/97/V/2011 (untuk Perumnas) dan                       Perumnas)         and       No. 003/KSU/BLD
         No.    003/KSU/BLD-Perumnas/V/2011      (untuk                     Perumnas/V/2011      (for   the   Company),
         Perusahaan) , Perumnas dan Perusahaan                              Perumnas and the Company entered into a
         mengadakan perjanjian Kerjasama Usaha untuk                        Joint Ventures agreement for the development
         pembangunan dan pemasaran gedung komersial                         and marketing of commercial and residential
         dan hunian yang merupakan bagian dari                              buildings as part of the planning and
         perencanaan dan pengembangan kawasan di                            development in the area on land HPL No.
         atas tanah HPL No. 2/1997 Pulogebang dan                           2/1997 Pulogebang and Sentra Primer Baru
         Sentra Primer Baru Timur (SPBT), Jakarta Timur                     Timur (SPBT), East Jakarta with an area of
         seluas 31 ha.                                                      31 ha.

                                                              116
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

43. PERJANJIAN-PERJANJIAN         DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                      AND
    PENTING (Lanjutan)                                              COMMITMENTS (Continued)

       Perjanjian kerjasama operasi telah diperpanjang                  Operating agreement has been extended
       beberapa kali, terakhir berdasarkan Adendum III                  several times, most recently by the Addendum
       Perjanjian Kerjasama Operasi antara Perumnas                     III Operation Agreement between Perumnas
       dengan BPL tanggal 30 Juli 2018, No. Pihak                       and BPL dated July 30, 2018, No. Second
       Kedua:         006.B/BPL-DIRUT/SPK-DS/VII-18.                    Party: 006.B/BPL-DIRUT/SPK-DS/VII-18. The
       Jangka waktu perjanjian tersebut diperpanjang                    term of the agreement was extended until
       sampai dengan tanggal 31 Maret 2020.                             March 31, 2020.

       Pada tanggal 14 April 2020, BPL, Entitas Anak,                   On April 14, 2020, BPL, a Subsidiary, received
       menerima     Surat    Rencana      Pengakhiran                   a Letter for Termination of the Sentra Primer
       Kerjasama Proyek Sentra Primer Baru Timur dari                   Baru Timur Project from Perumnas. The letter
       Perumnas. Dalam surat tersebut, Perumnas                         stated that Perumnas expressed disagreement
       menyatakan tidak setuju atas hasil audit laporan                 with the results of the KSO’s audit financial
       keuangan KSO untuk tahun yang berakhir pada                      statements      for    the      years     ended
       tanggal 31 Desember 2019 dan 2018.                               December 31, 2019 and 2018. In accordance
       Sehubungan dengan perselisihan tersebut,                         with such dispute, Perumnas decided to cancel
       Perumnas memutuskan untuk membatalkan                            the plan to terminate the joint operation which
       rencana pengakhiran kerjasama operasi yang                       was previously scheduled to be effective on
       sebelumnya dijadwalkan efektif per tanggal                       March 31, 2020.
       31 Maret 2020.

       Terkait perselisihan atas hasil audit tersebut,                  Regarding the dispute over the audit results,
       Perumnas menyatakan akan menyerahkan hal ini                     Perumnas stated to submit this issue to the
       kepada Badan Auditor Keuangan Negara, yaitu                      State Financial Auditor Agency, namely Badan
       Badan Pemeriksa Keuangan (BPK) atau Badan                        Pemeriksa Keuangan (BPK) or Badan
       Pengawasan Keuangan dan Pembangunan                              Pengawasan Keuangan dan Pembangunan
       (BPKP), untuk dilakukan audit umum dan/atau                      (BPKP), to conduct general audit and/or
       audit forensik atas laporan keuangan KSO PP-                     forensic audit of the KSO PP-BPL financial
       BPL.                                                             statements.

       Efektif sejak tanggal 14 April 2020, sampai                      Starting from April 14, 2020, until the BPK or
       dengan proses audit BPK atau BPKP selesai                        BPKP audit process is completed, Perumnas
       dilakukan, Perumnas meminta agar seluruh                         requested to postpone the entire project of KSO
       proyek KSO PP-BPL dibekukan terlebih dahulu.                     PP-BPL. The project managers of KSO PP-BPL
       Pengelola KSO PP-BPL juga tidak diperbolehkan                    are not allowed to develop new projects, nor to
       untuk melakukan pengembangan proyek baru,                        sell the remaining apartment units currently
       ataupun melakukan penjualan atas sisa unit                       available.
       apartemen yang tersedia saat ini.

       Sampai dengan tercapainya kesepakatan para                       Until the parties agreed to make a decision on
       pihak untuk pengambilan keputusan terhadap                       the continuation of the agreement, the parties
       tindak lanjut pelaksanaan perjanjian, maka para                  sign the Minutes of Agreement to support the
       pihak      menandatangani      Berita     Acara                  operational activities of KSO-PP-BPL.
       Kesepakatan      untuk   menunjang     kegiatan
       operasional KSO-PP-BPL.

       Pada tanggal 26 Januari 2022, BPL, Entitas                       On January 26, 2022, BPL, a Subsidiary,
       Anak,      menandatangani       Berita   Acara                   signed     Letter   of   Agreement      between
       Kesepakatan       antara   Perusahaan    Umum                    Perusahaan Umum Pembangunan Perumahan
       Pembangunan Perumahan Nasional (Perumnas)                        Nasional (Perumnas) and BPL (KSO PP-BPL)
       dan BPL (KSO PP-BPL) mengenai kegiatan                           regarding the implementation operational
       pelaksanaan operasional KSO PP-BPL. Jangka                       activities of KSO PP-BPL. The term of the
       waktu perjanjian ini berlaku sampai dengan                       agreement          was         valid          until
       tanggal 31 Maret 2022.                                           March 31, 2022.
       a. Para pihak sepakat untuk menunggu hasil                       a. The parties agreed to wait for the audit result
          audit BPKP atas pelaksanaan perjanjian.                           of BPKP on the implementation of the
          Hasil audit tersebut akan dijadikan dasar                         agreement. The audit results will be used as
          pertimbangan oleh BPL dani Perumnas                               the basis for consideration by BPL and
          dalam pengambilan keputusan terhadap                              Perumnas in making decisions on the follow-
          tindak lanjut pelaksanaan perjanjian.                             up of the agreement’s implementation.



                                                          117
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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                            DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

43. PERJANJIAN-PERJANJIAN             DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                   COMMITMENTS (Continued)

         b. Terkait dengan pelaksanaan kewajiban                            b.   The implementation of KSO PP-BPL
            manajemen         KSO      PP-BPL    terhadap                        management obligations to consumers,
            konsumen,          penyelesaian     perizinan,                       completion      of       permits,  building
            pengelolaan gedung, pihak ketiga, dan hal-                           management, third parties, and other
            hal lain, tetap dapat dilaksanakan.                                  matters can continue to be implemented.
         c. Perumnas dan BPL akan memberikan surat                          c.   Perumnas and BPL will provide the required
            kuasa yang dibutuhkan kepada wakil                                   procuration letter to the management
            manajemen          KSO       PP-BPL      untuk                       representative of KSO PP-BPL to implement
            melaksanakan kegiatan operasional tersebut.                          these operational activities.

         Perjanjian tersebut telah diperbarui beberapa                       This agreement has been amended several
         kali, dengan perubahan terakhir pada tanggal                        times, with the latest amendment was on
         2 Januari 2023, di mana BPL, Entitas Anak, dan                      January 2, 2023, when BPL, a Subsidiary, and
         Perumnas menandatangani adendum Berita                              Perumnas signed an addendum Letter of
         Acara Kesepakatan KSO PP-BPL. Jangka waktu                          Agreement KSO PP-BPL above. The term of
         perjanjian ini berlaku sampai dengan tanggal                        the agreement is valid until December 31, 2025.
         31 Desember 2025.

         Proses Audit Tujuan Tertentu oleh BPKP telah                        The Specific Purpose Audit process by BPKP
         selesai dilakukan dan hasil audit telah diterbitkan                 has been completed and the audit results were
         pada tanggal 6 Desember 2022. BPKP                                  issued on December 6, 2022. BPKP provided
         memberikan rekomendasi kepada Direksi                               recommendations to the Board of Directors of
         Perumnas untuk melakukan audit dan mengambil                        Perumnas to conduct an audit and take
         upaya penyelesaian, serta kepada Dewan                              resolution actions, and to the Supervisory Board
         Pengawas Perumnas untuk memantau langkah                            of Perumnas to monitor the follow-up measures
         tindak lanjut yang dilakukan oleh Direksi                           taken by the Board of Directors of Perumnas.
         Perumnas. Sampai dengan tanggal penyelesaian                        Until the completion date of these consolidated
         laporan keuangan konsolidasian ini diterbitkan,                     financial statements, the audit process of the
         proses audit laporan keuangan KSO PP-BPL                            KSO PP-BPL financial statements is still in
         masih dalam proses penyelesaian. Pada tanggal                       progress. On July 8, 2024, BPL filed an
         8 Juli 2024, BPL telah mengajukan permohonan                        application and an initial list of evidence to the
         dan daftar bukti awal ke Badan Arbitrase                            Indonesian National Arbitration Board (BANI)
         Nasional Indonesia (BANI) atas perkara arbitrase                    for the arbitration case submitted against
         yang diajukan terhadap Perumnas terkait                             Perumnas concerning the termination of KSO
         penghentian perjanjian KSO PP - BPL                                 PP-BPL agreement (Note 47b).
         (Catatan 47b).

    e.   Berdasarkan Akta Notaris Elizabeth Karina                       e. Based on Notarial Deed Elizabeth Karina
         Leonita, S.H., M.Kn., No. 44, tanggal                              Leonita, S.H., M.Kn., No. 44 of dated
         14 Oktober 2014, mengenai pengalihan 480 juta                      October 14, 2014 concerning the transfer of
         saham yang milik Perusahaan di BJA kepada                          480 million shares owned by the Company in
         PT Gili Tirta Anugerah (GTA) sebesar                               BJA to PT Gili Tirta Anugerah (GTA) amounted
         Rp800 miliar.                                                      to Rp800 billion.

         Berdasarkan Surat Utang sebagaimana terdapat                        Based on Debt Letter as stated in Notarial Deed
         dalam Akta Notaris Elizabeth Karina Leonita,                        No. 45 of Elizabeth Karina Leonita, S.H., M.Kn.,
         S.H., M.Kn., No. 45 tanggal 14 Oktober 2014,                        dated October 14, 2014, GAP has receivables
         GAP memiliki tagihan kepada GTA sebesar                             from GTA amounted to Rp800 billion which will
         Rp800 miliar yang akan diselesaikan dengan                          be settled with a land area of 5,000,000 m2.
         tanah seluas 5.000.000 m2.

         Berdasarkan Akta Notaris Elizabeth Karina                           Based on Notarial Deed No. 3 of Elizabeth
         Leonita,   S.H.,  M.Kn., No.     3,  tanggal                        Karina     Leonita,    S.H.,    M.Kn.,       dated
         3 Februari 2016, GAP dan GTA menegaskan                             February 3, 2016, GAP and GTA reconfirmed
         kembali ketentuan dalam Surat Utang dengan                          the provisions of the Debt Letter with a principal
         jumlah pokok sebesar Rp800 miliar. GTA wajib                        amount of Rp800 billion. GTA was obliged to
         melunasi utang selambat-lambatnya tanggal                           settle   the    debt    at    the     latest    by
         28 Februari 2017.                                                   February 28, 2017.




                                                               118
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

43. PERJANJIAN-PERJANJIAN         DAN     KOMITMEN             43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                             COMMITMENTS (Continued)

       Berdasarkan Akta Notaris Elizabeth Karina                       Based on Notarial Deed No. 4 of Elizabeth
       Leonita,    S.H.,   M.Kn,    No.   4,   tanggal                 Karina      Leonita,    S.H.,     M.Kn.,     dated
       3 Februari 2016, BJA telah mengikatkan diri                     February 3, 2016, BJA has committed to sell
       untuk menjual tanah di kelurahan Sukarasa dan                   land in Sukarasa and Selawangi, Bogor with an
       Selawangi, Bogor seluas 5.000.000 m2 kepada                     area of 5,000,000 m2 to GAP, a Subsidiary, for
       GAP, Entitas Anak, dengan harga sebesar                         Rp917.38 billion. Payment will be made by the
       Rp917,38 miliar. Pembayaran akan dilakukan                      transfer of GAP’s receivables on GTA to BJA as
       dengan pengalihan piutang GAP atas utang GTA                    stipulated in the affirmation of Debt Letter dated
       kepada BJA sebagaimana diatur dalam                             February 3, 2016, and the offset of all
       penegasan         Surat      Utang      tanggal                 receivables held by GAP in BJA amounting to
       3 Februari 2016, dan offset keseluruhan piutang                 Rp117.38 billion.
       yang     dimiliki  GAP     di    BJA   sebesar
       Rp117,38 miliar.

       Tanah tersebut berstatus Sertifikat Hak Guna                    The above mentioned land is certified under the
       Usaha (SHGU). Pada tahun 2018, GAP                              Right of Business Use Certificate (SHGU). In
       menerima Surat Keputusan Menteri Agraria dan                    2018, GAP received a Decree of the Minister of
       Tata Ruang/Kepala Badan Pertanahan Nasional                     Agrarian and Spatial Planning/Head of the
       (BPN) dengan No. 51/HGB/ KEM-ATR/BPN/2018                       National Land Agency (BPN) with No.
       yang      ditandatangani    pada       tanggal                  51/HGB/KEM-ATR/BPN/2018 signed on August
       21 Agustus 2018 tentang pemberian Hak Guna                      21, 2018 concerning the granting of the Right to
       Bangunan (HGB) atas nama BJA atas tanah                         Build Buildings (HGB) to BJA over the former
       bekas Hak Guna Usaha No. 18/Desa Siliwangi                      Right-to-Use land No. 18/Desa Siliwangi
       seluas 3.394.500 m2 dan No. 19/Desa Siliwangi                   covering an area of 3,394,500 m2 and
       seluas 307.050 m2 yang berakhir haknya pada                     No. 19/Desa Siliwangi covering an area of
       tanggal 31 Desember 2014.                                       307,050 m2 , whose rights           expired on
                                                                       December 31, 2014.

       Pada tanggal 1 Februari 2019, Perusahaan,                       On February 1, 2019, the Company, GAP) a
       GAP, PT Sentul City Tbk (SC) dan PT Bukit                       Subsidiary, PT Sentul City Tbk (SC), and
       Jonggol Asri (KUS/BJA) menandatangani                           PT Bukit Jonggol Asri (KUS/BJA) signed a
       Kesepakatan    Bersama      untuk     mengubah                  Collective Agreement to amend several
       beberapa ketentuan dalam Akta Perjanjian                        provisions in the Deed of Transaction
       Pelaksanaan Penyelesaian Transaksi dengan                       Settlement Agreement with Notarial Deed No.
       Akta No. 1 Tanggal 3 Februari 2016. Adapun                      1, dated February 3, 2016. The agreed changes
       perubahan yang disepakati, antara lain:                         include:

        1. Pengalihan     tanah     Kebun     Menteng                  1.   Transfer of Kebun Menteng land (as
           (sebagaimana dimaksud dalam Akta No. 1)                          referred to in Notarial Deed No. 1) from
           dari KUS/BJA ke GAP. Dari total 500 ha                           KUS/BJA to GAP. Out of the total of 500 ha
           tanah Kebun Menteng yang akan dialihkan                          of Kebun Menteng land to be transferred to
           kepada GAP berubah menjadi berupa:                               GAP, it will be converted into:
           a. Tanah Kebun Menteng seluas lebih                              a. Kebun Menteng Land with an area of
              kurang 370 ha setelah diperoleh SHGB                              approximately 370 ha after obtaining
              atas nama KUS/BJA (“Tanah Kebun                                   SHGB on behalf of KUS/BJA (“Kebun
              Menteng”).                                                        Menteng Land”).
           b. Tanah terletak sekitar Jungleland seluas                      b. Land located around Jungleland with an
              11,13 ha yang dijadikan tanah pengganti                           area of 11.13 ha, used as replacement
              dari tanah lebih kurang 130 ha di Kebun                           land for approximately 130 ha in Kebun
              Menteng (“Tanah Sentul”).                                         Menteng (“Sentul Land”).




                                                         119
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                 COMMITMENTS (Continued)

        2. SC atau KUS/BJA akan menyelesaikan                              2.   SC or KUS/BJA will complete the
           pengurusan SHGB atas tanah Kebun                                     processing of SHGB for approximately
           Menteng seluas lebih kurang 370 ha,                                  370 ha Kebun Menteng land, with the
           dengan ketentuan bahwa SHGB tersebut                                 requirements that the SHGB must be
           sudah harus diterbitkan oleh Kantor BPN                              issued by the BPN Office Bogor no later
           Kabupaten Bogor selambat-lambatnya pada                              than March 11, 2019. The original SHGB
           tanggal 11 Maret 2019. SHGB asli harus                               must be submitted to GAP not later than
           diserahkan kepada GAP paling lambat                                  March 12, 2019. If the SHGB is submitted
           tanggal 12 Maret 2019. Jika terlambat                                late, SC or KUS/BJA will be subject to a
           menyerahkan SHGB tersebut, maka SC atau                              penalty amounting to Rp10 million per day
           KUS/BJA akan dikenakan penalti sebesar                               of delay until the SHGB is submitted, with a
           Rp10 juta per hari keterlambatan sampai                              maxsimum delay period not more than 10
           dengan diserahkannya SHGB tersebut,                                  calendar days.
           dengan ketentuan bahwa keterlambatan
           tidak boleh lebih dari 10 hari kalender.
        3. Semua sertifikat dan surat-surat asli atas                      3.   All original certificates and letters on
           tanah pengganti diserahkan kepada GAP                                replacement land are submitted to GAP at
           pada saat ditandatanganinya Pokok-Pokok                              the time of signing of the Principles of this
           Kesepakatan ini.                                                     Agreement.
        4. Selama transaksi pengalihan atas tanah-                         4.   As long as the transfer of these lands has
           tanah tersebut belum dapat dilaksanakan,                             not been carried out, SC and GAP will sign
           SC dan GAP akan menandatangani suatu                                 a borrow-to-use agreement and power of
           perjanjian pinjam pakai dan hak kuasa                                attorney to GAP or other parties appointed
           kepada GAP atau pihak lain yang ditunjuk                             by GAP to control and utilize these lands.
           oleh     GAP      untuk    menguasai       dan                       The grant of power of attorney would be
           memanfaatkan        tanah-tanah       tersebut.                      made not later than March 12, 2019.
           Pemberian kuasa akan dilakukan selambat-
           lambatnya pada tanggal 12 Maret 2019.

       Pada tanggal 22 Maret 2019, GAP, Entitas Anak,                      On March 22, 2019, GAP, a Subsidiary, sent a
       mengirim surat teguran untuk KUS/BJA dan SC                         warning letter to KUS/BJA and SC regarding
       mengenai kelanjutan Pokok-Pokok Kesepakatan                         the continuation of the Agreement Principles
       pada tanggal 1 Februari 2019.                                       dated on February 1, 2019.

       Pada tanggal 14 Agustus 2019, SHGB atas                             On August 14, 2019, the SHGB of the
       tanah seluas lebih kurang 370 ha yang terdiri dari                  approximately 370 ha land, consisting of
       5 SHGB telah terbit atas nama BJA.                                  5 SHGB, was issued under the name of BJA.

       Pada tanggal 7 September 2021 dan                                   On September 7, 2021 and October 4, 2021,
       4 Oktober 2021, GAP, PT First Financo (Financo)                     GAP, PT First Financo (Financo) and
       dan PT Danatama Kapital Investama (sebagai                          PT Danatama Kapital Investama (as guarantor)
       penjamin) telah menandatangani Kesepakatan                          signed the Rights Transfer Agreement whereby
       Pengalihan Hak di mana GAP, Financo dan BJA                         GAP, Financo and BJA agreed to realize the
       telah menyetujui untuk merealisasikan pembelian                     purchase of 7 ha of Sentul land with the right of
       7 ha Tanah Sentul dengan sertifikat hak guna                        use    certificates  under    the    name      of
       atas nama PT Sentul City Tbk (SC). Para pihak,                      PT Sentul City Tbk (SC). The parties, BJA and
       BJA dan SC telah sepakat untuk membuat Akta                         SC, agreed that the Sale and Purchase of 7 ha
       Jual Beli 7 ha Tanah Sentul secara langsung                         of Sentul land will be entered directly between
       dengan Financo dan SC.                                              Financo and SC.




                                                             120
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

43. PERJANJIAN-PERJANJIAN         DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                              COMMITMENTS (Continued)

       Berdasarkan Akta Notaris No. 106 dari Elizabeth                  Based on Notarial Deed No. 106 of Elizabeth
       Karina     Leonita,   S.H.,     M.Kn.,   tanggal                 Karina     Leonita,   S.H.,    M.Kn.,     dated
       24 Juni 2022, GAP dan BJA telah sepakat                          June 24, 2022, GAP and BJA agreed to cancel
       membatalkan Perjanjian Jual Beli Tanah Kebun                     the Sale and Purchase Agreement for 500 ha of
       Menteng seluas 500 ha karena tanah yang                          Kebun Menteng Land because the land object
       menjadi objek pengalihan telah berubah yaitu                     has changed to 377 ha of Kebun Menteng land
       menjadi tanah Kebun Menteng seluas 377 ha                        and 10.7 ha of Sentul Land. A portion of the
       dan tanah Sentul seluas 10,7 ha. Bagian dari hak                 Sentul Land rights, measuring 70,705 m2 (7 ha),
       atas tanah Sentul tersebut, yaitu seluas                         has been transferred to Financo, thus, GAP’s
       70.705 m2 (7 ha) telah dialihkan kepada Financo,                 remaining right over Sentul land is 3.6 ha. The
       sehingga hak GAP atas pembelian tanah Sentul                     obligations and commitments of BJA to transfer
       tinggal tersisa adalah 3,6 ha. Kewajiban dan                     Kebun Menteng Land and the remaining Sentul
       komitmen BJA untuk mengalihkan Tanah Kebun                       Land to the Company or any other parties
       Menteng dan sisa Tanah Sentul tersebut kepada                    appointed by GAP has been regulated in the
       Perusahaan atau pihak lain yang ditunjuk oleh                    Notarial Deed.
       GAP diatur dalam Akta Notaris tersebut.

       Pada tanggal 24 Juni, 2022, GAP dan                              On June 24, 2022, GAP and PT Fit Propertindo
       PT    Fit   Propertindo     Jaya  (FPJ)   telah                  Jaya (FPJ) signed an agreement regarding the
       menandatangani       perjanjian  Cessie    dan                   Transfer of Receivables and Rights (Cessie),
       Pengalihan Hak, di mana FPJ menerima                             whereby FPJ received the transfer of rights to
       pengalihan hak atas penagihan bagian piutang                     collect a portion of GAP’s receivables from GTA
       GAP pada GTA sebesar Rp12,2 miliar dan                           amounting to Rp12.2 billion and the transfer of
       pengalihan hak atas pembelian Tanah Sentul                       rights to purchase1 ha of Sentul Land with.
       seluas 1 ha. Setelah pengalihan tersebut, sisa                   After the transfer, GAP’s remaining rights over
       hak GAP atas tanah Sentul yang belum dialihkan                   Sentul Land which have not been transferred is
       sebesar 2,6 ha.                                                  2.6 ha.

       Pembayaran atas harga Cessie piutang tersebut                    The payment for the price of the transferred
       dilakukan dalam bentuk penyerahan sebidang                       receivables (cessie) is in the form of handing
       tanah seluas 1 ha, yang terletak di desa                         over 1 ha of land, located in Mulyaharja village,
       Mulyaharja, Kawasan Bogor Nirwana Residence,                     Bogor Nirwana Residence, to GAP.
       kepada GAP.

       Pada tanggal 8 Desember 2023, GAP dan                            On     December      8,   2023,   GAP      and
       PT Maju Sukses Nusajaya (MSN) telah                              PT Maju Sukses Nusajaya (MSN) signed a
       menandatangani perjanjian Pengalihan Hak, di                     Transfer of Rights agreement whereby MSN
       mana MSN menerima pengalihan hak atas                            received the right to purchase Kebun Menteng
       pembelian Tanah Kebun Menteng seluas 80 ha.                      Land with an area of 80 ha. After the transfer,
       Setelah pengalihan tersebut, sisa hak GAP atas                   GAP’s remaining rights over Kebun Menteng
       tanah Kebun Menteng yang belum dialihkan                         Land which has not been transferred is 297 ha.
       sebesar 297 ha.

       Pada tanggal 25 Juni 2024, GAP dan                               On      June      25,    2024,   GAP       and
       PT Berkah Alam Asri (BAA) menandatangani                         PT Berkah Alam Asri (BAA) signed a Transfer
       Perjanjian Pengalihan Hak, di mana BAA                           of Rights agreement, whereby BAA received
       menerima hak untuk membeli tanah Kebun                           the right to purchase Kebun Menteng land with
       Menteng seluas 30 ha. Pada tanggal yang sama                     an area of 30 ha. On the same date, GAP and
       GAP dan PT Bhakti Cahaya Inti Perkasa (BCIP)                     PT Bhakti Cahaya Inti Perkasa (BCIP) delivered
       mengirimkan Perjanjian Pengalihan Hak, di mana                   a Transfer of Rights agreement, whereby BCIP
       BCIP menerima hak untuk membeli tanah Kebun                      received the right to purchase Kebun Menteng
       Menteng seluas 15 ha.                                            Land with an area of 15 ha.

       Setelah pengalihan tersebut, sisa hak GAP atas                   After the transfer, GAP still has the rights to
       tanah Kebun Menteng yang belum dialihkan                         252.6 ha of untransferred Kebun Menteng
       adalah seluas 252,6 ha.                                          Land.




                                                          121
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                        AND
    PENTING (Lanjutan)                                                COMMITMENTS (Continued)

         Pada tanggal 13 Desember 2024, GAP                                On December 13, 2024, GAP entered into an
         menandatangani Perjanjian Rencana Investasi                       Investment Plan Agreement with GTA. Based
         dengan GTA. Berdasarkan perjanjian ini, GAP                       on this agreement, GAP plans to acquire newly
         berencana akan mengambil saham baru yang                          issued shares of GTA, by converting its
         diterbitkan oleh GTA, dengan cara konversi                        receivables into capital contributions in GTA.
         piutang GAP menjadi setoran modal saham                           This investment plan will be carried out after
         pada GTA. Rencana investasi ini akan                              fulfilling all the requirements outlined in the
         dilaksanakan setelah dilalui seluruh persyaratan                  Financial Services Authority Regulation No. 17
         sebagaimana diatur dalam Peraturan Otoritas                       of 2020 regarding Material Transactions and
         Jasa Keuangan Nomor 17 Tahun 2020 tentang                         Changes in Business Activities (POJK
         Transaksi Material dan Perubahan Kegiatan                         17/2020). Since the value of the transaction
         Usaha (POJK 17/2020), karena nilai transaksi                      qualifies as a material transaction under this
         yang akan dilakukan nanti termasuk transaksi                      regulation, it will require information disclosure
         material berdasarkan POJK tersebut, antara lain                   and approval from GAP's General Meeting of
         harus dilakukan Keterbukaan Informasi dan                         Shareholders before the investment plan can be
         dimintakan persetujuan Rapat Umum Pemegang                        implemented. As of December 31, 2024, the
         Saham GAP sebelum dilaksanakannya rencana                         conversion process has not been implemented.
         investasi tersebut. Sampai dengan tanggal
         31 Desember 2024, proses konversi belum
         dilaksanakan.

    f.   Pada      tanggal      26    September  2014,                f.   On September 26, 2014, PT Wijaya Karya
         PT Wijaya Karya (Persero) Tbk (WIKA) dan                          (Persero) Tbk (WIKA) and MMS, a Subsidiary,
         MMS, Entitas Anak, melakukan perjanjian di                        signed an agreement, in the presence of a
         hadapan Notaris Yunita Permatasari S.H.,                          Notary of Yunita Permatasari, S.H., No. 8 dated
         No. 8 tanggal 26 September 2014, sehubungan                       September 26, 2014, in connection with
         dengan      investasi,    pengembangan,  dan                      investment,    development,       and   property
         pembangunan properti dan fasilitasnya di                          construction and its facilities in Jl. Kahuripan
         Jl. Kahuripan Raya, Kavling 23, 25 dan 27,                        Raya, Kavling 23, 25 and 27, Sidoarjo, East
         Sidoarjo, Jawa Timur.                                             Java.

         Sesuai dengan Pasal 5 dalam perjanjian ini,                       In accordance with Article 5 of this agreement,
         sebagai bentuk Kontribusi Penyertaan Modal                        as a form of Contribution of Investment in
         Kerja dan Penyertaan Lainnya, MMS, Entitas                        Working Capital and Other Investments, MMS,
         Anak, akan menyerahkan tanah yang dikuasai                        a Subsidiary, will hand over the land controlled
         dan dimiliki MMS, Entitas Anak, sementara WIKA                    and owned by MMS, a Subsidiary, while WIKA
         akan menyediakan seluruh modal kerja yang                         will provide all of the working capital required for
         dibutuhkan dalam pelaksanaan Kerja Sama                           the implementation of this Joint Operation
         Operasi (KSO) ini. Tanah yang diserahkan antara                   (KSO). The lands handed over in this joint
         lain tanah di:                                                    operation are in:
          a. Desa Entalsewu, Kecamatan Buduran,                            a. Entalsewu Village, Subdistrict of Buduran,
             Kabupaten Sidoarjo, sesuai dengan: SHGB                            Sidoarjo District, according to: SHGB No.
             No. 41     seluas    3.735    m2     dengan                        41 with an area of 3,735 m2 and a survey
             surat ukur No. 00001/L5.01/2006 tanggal                            certificate No. 00001/L5.01/2006 dated
             15 Februari 2006; SHGB No. 1376 seluas                             February 15, 2006; SHGB No. 1376 with an
             1.521      m2     dengan      Surat     Ukur                       area of 1,521 m2 and a survey
             No. 00016/12101501/2013              tanggal                       certificate No.00016/12101501/2013 dated
             28 Agustus 2013; dan SHGB No. 1377 seluas                          August 28, 2013; and SHGB No.1377 with
             4.310 m2       dengan       Surat       Ukur                       an area of 4,310 m2 and a survey
             No. 00016/12101501/2013              tanggal                       certificate No.00016/12101501/2013 dated
             28 Agustus 2013.                                                   August 28, 2013.
          b. Desa      Sumput,    Kecamatan      Buduran,                  b. Sumput Village, Subdistrict of Buduran,
             Kabupaten Sidoarjo, sesuai dengan: SHGB                            Sidoarjo District, according to: SHGB
             No. 3190 seluas 4.138 m2 dengan Surat Ukur                         No. 3190 with an area of 4,138 m2 and a
             No. 01999/Sumput/2014 tanggal 26 Mei 2014;                         survey certificate No. 01999/Sumput/2014
             dan SHGB No. 3189 seluas 470 m2, dengan                            dated May 26, 2014; and SHGB No. 3189
             Surat Ukur No. 01998/Sumput/2014 tanggal                           with an area of 470 m2 and a survey
             26 Mei 2014.                                                       certificate No. 01998/Sumput/2014 dated
                                                                                May 26, 2014.




                                                            122
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                COMMITMENTS (Continued)

         Jumlah keseluruhan tanah seluas 14.174 m2,                       The total of land is 14,174 m2, while the land
         sedangkan tanah yang seharusnya diserahkan                       that should have been handed over is
         seluas 12.000 m2. Terdapat selisih luas tanah                    12,000 m2. There is a difference of land
         seluas 2.174 m2, dan atas selisih tersebut akan                  covering of 2,174 m2, and it would be an
         dibuatkan adendum perjanjian. Atas selisih luas                  addendum of this difference. Due to the
         tanah tersebut, pada tanggal 13 Januari 2016                     difference     in     land    covering,     on
         telah dibuat adendum mengenai perubahan                          January 13, 2016, an addendum was made
         penyerahan tanah berupa SHGB, yang                               regarding the change in the transfer of land in
         semula SHGB No. 1377 seluas 4.310 m2,                            the form of SHGB, which was originally SHGB
         dengan Surat Ukur No. 00017/1210501/2013                         No. 1377 with an area of 4,310 m2, with Letter
         tanggal 28 Agustus 2013 menjadi SHGB                             of Measurement No. 00017/1210501/2013
         No.    1429    seluas   2.136     m2    dengan                   dated August 28, 2013 became SHGB No.
         Surat     Ukur    No.    00086/Entalsewu/2014                    1429 with an area of 2,136 m2 with Letter of
         tanggal 5 November 2014.                                         Measurement       No.    00086/Entalsewu/2014
                                                                          dated November 5, 2014.

         Pasal 5 butir 5 dalam perjanjian ini menyebutkan                 Article 5 point 5 of this agreement, states that
         bahwa WIKA dan MMS, Entitas Anak, sepakat                        WIKA and MMS, a Subsidiary, agreed that the
         bahwa nilai tanah yang diserahkan MMS, Entitas                   value of land handed over by MMS, a
         Anak, sebesar Rp3 juta per m2 dan jumlah                         Subsidiary, amounted to Rp3 million per m2 and
         partisipasi MMS sebesar Rp36 miliar atau 40%                     the total participation of MMS amounted to
         dari jumlah seluruh partisipasi modal.                           Rp36 billion or 40% of the total participation.

         WIKA menyediakan seluruh modal kerja yang                        WIKA provides all of the working capital
         dibutuhkan dalam pelaksanaan KSO sesuai                          required for the implementation of the KSO in
         dengan rencana bisnis yang telah disepakati.                     accordance with the agreed business plan.
         Partisipasi WIKA sebesar Rp54 miliar atau                        WIKA’s participation amounted to Rp54 billion
         sebesar 60% dari jumlah seluruh partisipasi.                     or 60% of the total participation.

         Pasal 11 mengenai Pembagian Keuntungan/                          Article 11 regarding the Profit Sharing/Profit and
         Laba dan Tanggung Jawab atas Kerugian dalam                      Responsibility for Losses in this KSO
         perjanjian KSO ini, WIKA dan MMS, Entitas                        agreement states that WIKA and MMS, a
         Anak,     akan    mendapatkan       pembagian                    Subsidiary, will receive profit sharing from the
         keuntungan dari hasil ekonomis KSO sebesar                       KSO profits in proportion to their respective
         persentase masing-masing partisipasinya.                         participation percentages.

    g.   Pada tanggal 7 September 2015, PT Permata                    g. On September 7, 2015, PT Permata Sakti
         Sakti Mandiri (PSM) dan BSU, Entitas Anak,                      Mandiri (PSM) and BSU, a Subsidiary, signed a
         telah    menandatangani      Perjanjian   Pinjam                Funding and Borrowing Agreement which could
         Meminjam yang Dapat Dikonversi Menjadi                          be converted into shares ownership with a credit
         Saham dengan pagu pinjaman sebesar                              ceiling amounting to Rp45 billion and
         Rp45 miliar dan tidak dikenakan bunga.                          non-interest bearing rate. The agreement will be
         Perjanjian tersebut akan berakhir lima (5) tahun                due in five (5) years from the date of signing the
         sejak penandatanganan perjanjian. Perjanjian ini                agreement. This agreement has been renewed,
         telah diperbarui, dengan perubahan terakhir akan                with the latest will be due on August 10, 2030
         berakhir pada tanggal 10 Agustus 2030                           (Note 38c).
         (Catatan 38c).

         Pada tanggal 20 Mei 2016, PSM dan BPL,                           On May 20, 2016, PSM and BPL, Subsidiary,
         Entitas Anak, menandatangani Perjanjian Pinjam                   signed a Funding and Borrowing Agreement
         Meminjam yang Dapat Dikonversi Menjadi                           which could be converted into shares ownership
         Saham dan tidak dikenakan bunga. Perjanjian                      and non-interest bearing rate. The agreement
         tersebut akan berakhir lima (5) tahun sejak                      will be due in five (5) years from the date of
         penandatanganan perjanjian. Perjanjian ini telah                 signing the agreement. This agreement has
         diperbarui, dengan perubahan terakhir akan                       been renewed, with the latest will be due on
         berakhir    pada  tanggal    20    Mei     2031                  May 20, 2031 (Note 38c).
         (Catatan 38c).




                                                            123
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

43. PERJANJIAN-PERJANJIAN            DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                  COMMITMENTS (Continued)

    h.   Pada      tanggal       30    Desember       2016,             h. On December 30, 2016, PT Graha Istana
         PT Graha Istana Nirwana (GIN) dan MMS,                            Nirwana (GIN) and MMS, a Subsidiary, entered
         Entitas Anak, menandatangani Perjanjian                           into a Bridging Loan Agreement. Based on the
         Pinjaman       Dana      Talangan.    Berdasarkan                 agreement, MMS, a Subsidiary, provided a loan
         perjanjian tersebut, MMS, Entitas Anak,                           to GIN with a maximum amount of
         memberikan pinjaman dana kepada GIN dengan                        Rp11.70 billion. This agreement has been
         jumlah maksimum sebesar Rp11,70 miliar.                           amended, with the latest amendment on the
         Perjanjian ini telah diperbarui, dengan perubahan                 credit ceiling amounting to Rp150 billion and
         terakhir    atas     pagu     pinjaman    sebesar                 would be due on December 29, 2023. This
         Rp150 miliar dan berakhir pada tanggal                            agreement has been amended further to extend
         29 Desember 2023. Perjanjian ini telah                            the term until December 29, 2026.
         mengalami perubahan untuk memperpanjang
         jangka     waktu      sampai     dengan    tanggal
         29 Desember 2026.

         Pada tahun 2024, piutang tersebut telah dilunasi                    In 2024, those receivables had been fully paid
         melalui konversi utang menjadi modal di GIN                         through a debt to equity conversion in GIN
         (Catatan 5 dan 11).                                                 (Notes 5 and 11).

    i.   Pada tanggal 25 September 2020, PT Graha                       i.   On September 25, 2020, PT Graha Multi Insani
         Multi Insani (GMI) menandatangani Perjanjian                        (GMI) signed a Sale and Purchase Agreement
         Pengikatan Jual Beli (PPJB) Tanah, serta proyek                     (SPA) of Land, and the Hadiningrat project with
         Hadiningrat dengan PT Yasa Patria Perkasa                           PT Yasa Patria Perkasa (YPP), agreeing that
         (YPP) dengan kesepakatan bahwa GMI menjual                          GMI would sell the land and the Hadiningrat
         tanah dan proyek Hadiningrat yang terletak di                       project located on the land for a value of
         atas tanah dengan nilai sebesar Rp20,0 miliar,                      Rp20.0 billion, with a gradual payment system
         dengan sistem pembayaran bertahap selama                            over the next seven (7) months. Subsequently,
         tujuh (7) bulan ke depan. Selanjutnya, YPP                          YPP agreed to return the down payment of
         sepakat melakukan pengembalian atas uang                            Rp10.3 billion to the apartment customers for 55
         muka sebesar Rp10,3 miliar kepada konsumen                          apartment units. Additionally, GMI and YPP
         apartemen atas 55 unit apartemen. Selain itu,                       agreed that the down payment for 74 units
         GMI dan YPP sepakat bahwa uang muka untuk                           already received by GMI would become the right
         74 unit yang telah diterima GMI menjadi hak dan                     and property of GMI, and the trade payable to
         milik GMI, serta utang usaha kepada YPP                             YPP amounting to Rp40.2 billion would be paid
         sebesar Rp40,2 miliar akan terlunasi (Catatan 9                     off (Notes 9 and 21).
         dan 21).

         Perjanjian ini telah diperbarui dan waktu ke                        This agreement has been amended several
         waktu, dengan perubahan terakhir pada tanggal                       times,  the   latest    was     amended  on
         20 Desember 2024 untuk jangka waktu 1 tahun.                        December 2, 2024 for a period of 1 year.

    j.   Pada tanggal 29 Desember 2016, PT Graha                        j.   On December 29, 2016, PT Graha Istana
         Istana Nirwana (GIN) dan PT Mutiara Mahsyur                         Nirwana (GIN) and PT Mutiara Mahsyur
         Sejahtera     (MMS),    melakukan     Perjanjian                    Sejahtera (MMS), entered into a Joint Operation
         Kerjasama       Operasi    (KSO       MMS-GIN)                      Agreement (KSO MMS-GIN) based on Notarial
         berdasarkan Akta Notaris Rooswahyono, S.H.,                         Deed No. 25 of Rooswahyono, S.H., dated
         No. 25 tanggal 29 Desember 2016, sehubungan                         December 29, 2016, in relation to the
         dengan pembangunan Office Tower Kahuripan                           construction of the Office Tower Kahuripan
         Nirwana di Jl. Kahuripan Raya, kav. 14, Sidoarjo,                   Nirwana at Jl. Kahuripan Raya, kav. 14,
         Jawa Timur.                                                         Sidoarjo, East Java.

         Atas rencana pembangunan tersebut, MMS                              Regarding the development plan, MMS incurred
         mengeluarkan biaya untuk pembangunan fondasi                        costs for the construction of foundations and
         dan tiang pancang senilai Rp7,42 miliar, yang                       piles of Rp7.42 billion, which will later be
         selanjutnya  akan    menjadi   bagian    yang                       compensated upon completion of the Kahuripan
         dikompensasikan ketika pembangunan Office                           Nirwana Office Tower development.
         Tower Kahuripan Nirwana sudah selesai.




                                                              124
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

43. PERJANJIAN-PERJANJIAN            DAN     KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                 COMMITMENTS (Continued)

         MMS dan GIN sepakat memberikan penyertaan                         MMS and GIN agreed to provide capital
         modal pada KSO MMS-GIN masing-masing                              contribution to the KSO MMS-GIN amounting to
         sebesar Rp7,42 miliar atau 12,06%, dan                            Rp7.42 billion or 12.06%, and Rp54.10 billion or
         Rp54,10 miliar atau 87,04%.                                       87.04%, respectively.

         Perjanjian kerja sama operasi telah beberapa kali                 The joint operation agreement has been
         diperpanjang,      terakhir     pada     tanggal                  extended several times, with the latest on
         4 November 2023 terkait perpanjangan jangka                       November 4, 2023 regarding the extension of
         waktu perjanjian sampai dengan tanggal                            the agreement period until November 4, 2024.
         4 November 2024.

         Pada tanggal 11 Maret 2024, PT Mutiara                            On March 11, 2024, PT Mutiara Mahsyur
         Mahsyur Sejahtera (MMS), Entitas Anak, dan                        Sejahtera     (MMS),     a    Subsidiary,  and
         PT Graha Istana Nirwana (GIN) menandatangani                      PT Graha Istana Nirwana (GIN) signed a
         perjanjian pengakhiran kerjasama KSO MMS-                         termination agreement for the KSO MMS-GIN
         GIN, dengan mekanisme penyelesaian bahwa                          joint operation, with a settlement mechanism
         akan dilakukan pengembalian sehubungan                            involving repayment of the KSO participation to
         dengan partisipasi KSO kepada MMS sebesar                         MMS amounting to Rp5.55 billion, in
         Rp5,55 miliar sesuai dengan nilai wajar                           accordance with the fair value based on an
         berdasarkan laporan penilai independen. Sampai                    independent appraiser’s report. Until the
         dengan belum dilakukan pembayaran, maka                           payment has not been made, MMS will record it
         MMS akan mencatat sebagai piutang kepada                          as a receivable to GIN (Note 8).
         GIN (Catatan 8).

         Sebagai dampak penyelesaian KSO tersebut,                         As an impact of the KSO settlement, MMS
         MMS mengakui kerugian atas selisih dari nilai                     recognized a loss from the difference between
         tercatat dibandingkan dengan nilai penyelesaian                   the net assets and the termination value as
         sebagai     “Kerugian   penyelesaian    ventura                   “Loss on termination of joint venture”.
         bersama”.

         Pada tahun 2024, piutang tersebut telah dilunasi                  In 2024, those receivables were fully paid
         melalui konversi utang menjadi modal di GIN                       through the debt to equity conversion in GIN
         (Catatan 5 dan 8b).                                               (Notes 5 and 8b).

    k.   Pada tanggal 27 Oktober 1995, BSU                             k. On October 27, 1995, BSU obtained approval
         mendapatkan persetujuan dari Gubernur Provinsi                   from the Governor of DKI Jakarta related to the
         DKI Jakarta terkait dengan pengalihan Perjanjian                 transfer of the Joint Venture Agreement
         Kerja sama tentang Penataan, Pengembangan,                       regarding the Arrangement, Development,
         Pembangunan dan Pengelolaan Gelanggang                           Construction and Management of the Soemantri
         Olahraga Mahasiswa Soemantri Brodjonegoro,                       Brodjonegoro Student Sports Complex and H.
         dan Komplek Seni Budaya dan Pusat Perfilman                      Usmar Ismail Cultural Arts Complex and Film
         H. Usmar Ismail, Kuningan, Jakarta Selatan.                      Center, Kuningan, South Jakarta.

         Perjanjian ini telah diperpanjang beberapa kali,                  This agreement has been extended several
         terakhir pada tanggal 31 Desember 2021, di                        times, with the latest on December 31 2021,
         mana BSU dan Pemerintah Provinsi DKI                              whereby BSU and the DKI Provincial
         menandatangani          perjanjian    tambahan                    Government signed an additional agreement
         (Addendum II). Addendum ini mengubah                              (Addendum) II. This addendum modified the use
         pemanfaatan Barang Milik Daerah dari Bangun,                      of Regional Property from Build, Use, and
         Guna, Serah menjadi kerja sama untuk                              Transfer to a cooperation for the land utilization
         pemanfaatan lahan kawasan Gelanggang                              in the Soemantri Brodjonegoro Student Sports
         Mahasiswa Soemantri Brodjonegoro (GMSB).                          Complex (GMSB). This agreement is set for a
         Perjanjian ini ditetapkan untuk jangka waktu                      30-year period and may be extended in
         30 tahun dan dapat diperpanjang sesuai dengan                     accordance with the agreement.
         ketentuan perjanjian.




                                                             125
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                       AND
    PENTING (Lanjutan)                                                 COMMITMENTS (Continued)

    l.   Pada tanggal 13 Desember 2024, GAP                            l.   On December 13, 2024, GAP entered into an
         menandatangani Perjanjian Rencana Investasi                        Investment Plan Agreement with GTA. Based
         dengan GTA. Berdasarkan perjanjian ini, GAP                        on this agreement, GAP plans to acquire newly
         berencana akan mengambil saham baru yang                           issued shares of GTA, by converting its
         diterbitkan oleh GTA, dengan cara konversi                         receivables into capital contributions in GTA.
         piutang GAP menjadi setoran modal saham                            This investment plan will be carried out after
         pada GTA. Rencana investasi ini akan                               fulfilling all the requirements outlined in the
         dilaksanakan setelah dilalui seluruh persyaratan                   Financial Services Authority Regulation No. 17
         sebagaimana diatur dalam Peraturan Otoritas                        of 2020 regarding Material Transactions and
         Jasa Keuangan Nomor 17 Tahun 2020 tentang                          Changes in Business Activities (POJK 17/2020).
         Transaksi Material dan Perubahan Kegiatan                          Since the value of the transaction qualifies as a
         Usaha (POJK 17/2020), karena nilai transaksi                       material transaction under this regulation, it will
         yang akan dilakukan nanti termasuk transaksi                       require information disclosure and approval from
         material berdasarkan POJK tersebut, antara lain                    GAPs General Meeting of Shareholders before
         harus dilakukan Keterbukaan Informasi dan                          the investment plan can be implemented. As of
         dimintakan persetujuan Rapat Umum Pemegang                         31 December 2024, the conversion process has
         Saham GAP sebelum dilaksanakannya rencana                          not been implemented.
         investasi tersebut. Sampai dengan tanggal 31
         Desember 2024, proses konversi belum
         dilaksanakan.


44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                          44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN                                                           AND POLICIES

   MANAJEMEN RISIKO                                                    RISK MANAGEMENT

   Dalam aktivitas usahanya sehari-hari, Grup                          In its daily business activities, the Group is exposed
   dihadapkan pada berbagai risiko. Risiko utama yang                  to risks. The main risks faced by the Group arising
   dihadapi Grup yang timbul dari instrumen keuangan                   from its financial instruments are market risks (i.e.,
   adalah risiko pasar (risiko tingkat suku bunga, dan                 interest rate risk and foreign exchange rate risk),
   risiko nilai tukar mata uang asing), risiko kredit dan              credit risk and liquidity risk. The core function of the
   risiko likuiditas. Fungsi utama dari manajemen risiko               Group’s risk management is to identify all key risks
   Grup adalah untuk mengidentifikasi seluruh risiko                   for the Group, measure these risks and manage the
   kunci, mengukur risiko-risiko ini dan mengelola posisi              risk positions in accordance with its policies and the
   risiko sesuai dengan kebijakan dan risk appetite                    Group’s risk appetite. The Group’s management
   Grup. Manajemen Grup secara rutin menelaah                          regularly reviews its risk management policies and
   kebijakan dan sistem manajemen risiko untuk                         systems to reflect changes in markets, products and
   menyesuaikan dengan perubahan di pasar, produk                      best market practices.
   dan praktik pasar terbaik.

   Direksi Grup menelaah dan menyetujui kebijakan                      The Group’s directors review and approve the
   untuk mengelola risiko-risiko yang dirangkum di                     policies for managing risks which are summarized
   bawah ini:                                                          below:

   Risiko Pasar                                                        Market Risks

   Risiko pasar adalah risiko di mana nilai wajar dari                 Market risk is the risk that the fair value of future
   arus kas masa depan dari suatu instrumen keuangan                   cash flows of a financial instrument will fluctuate
   akan berfluktuasi karena perubahan harga pasar.                     because of changes in market prices. The Group is
   Grup dipengaruhi oleh risiko pasar, terutama risiko                 exposed to market risks, in particular, interest rate
   tingkat suku bunga, risiko nilai tukar mata uang asing,             risk, foreign exchange rate risk, commodity price risk
   risiko harga komoditas dan risiko harga saham.                      and stock price risk.

   Risiko Tingkat Suku Bunga                                           Interest Rate Risk

   Risiko tingkat suku bunga adalah risiko di mana nilai               Interest rate risk is the risk that the fair value or
   wajar atau arus kas masa depan dari suatu instrumen                 future cash flows of a financial instrument will
   keuangan berfluktuasi karena perubahan tingkat suku                 fluctuate because of changes in market interest
   bunga pasar. Pengaruh dari risiko perubahan tingkat                 rates. The Group exposure to the risk of changes in
   suku bunga pasar berhubungan dengan utang bank                      market interest rates relates primarily to the Group’s
   jangka pendek dan jangka panjang dari Grup yang                     short-term and long-term bank loans with floating
   dikenakan tingkat suku bunga mengambang.                            interest rates.

                                                             126
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                         44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                               AND POLICIES (Continued)

   Grup didanai dengan utang bank yang dikenai bunga.                 The Group is financed through interest-bearing bank
   Oleh karena itu, eksposur Grup tertentu rentan                     loans. Therefore, the Group’s exposures to market
   terhadap risiko pasar untuk perubahan tingkat suku                 risk for changes in interest rates relate primarily to
   bunga terutama sehubungan dengan utang bank                        their short-term and long-term bank loans. The
   jangka pendek dan jangka panjang. Kebijakan Grup                   Group’s policies are to obtain the most favorable
   adalah mendapatkan tingkat suku bunga yang paling                  interest rates available without increasing their
   menguntungkan tanpa meningkatkan eksposur                          foreign currency exposure by managing their
   terhadap mata uang asing, yaitu dengan                             interest cost.
   mengendalikan beban bunga.

   Grup mengurangi risiko tingkat suku bunga dengan                   The Group reduces interest rate risk by managing
   mengelola penerimaan (terutama yang melekat pada                   revenues (mainly from bank accounts and time
   rekening bank dan deposito berjangka) dan                          deposits) and payments (mainly for interest
   pembayaran (terutama beban bunga, penjadwalan                      expense, scheduling short-term and long-term bank
   utang bank jangka pendek dan panjang).                             loans).

   Jika tingkat suku bunga pinjaman naik atau turun                   If loan interest rates increase or decrease by 5%
   sebesar 5% dibandingkan dengan tingkat suku bunga                  compared        to    loan     interest    rate   on
   pinjaman pada tanggal 31 Desember 2024 dan 2023                    December 31, 2024 and 2023 (assuming all other
   (dengan semua variabel lainnya dianggap tidak                      variables remain unchanged), the loss before
   berubah), maka rugi sebelum taksiran manfaat                       provision for tax benefit (expenses) of the Group for
   (beban) pajak Grup untuk tahun yang berakhir pada                  the years ended December 31, 2024 dan 2023 will
   tanggal 31 Desember 2024 dan 2023 masing-masing                    decrease or increase, respectively, by approximately
   akan turun atau naik sebesar Rp3,88 miliar dan                     Rp3.88 billion and Rp3.77 billion, respectively.
   Rp3,77 miliar.

   Risiko Nilai Tukar Mata Uang Asing                                 Foreign Exchange Rate Risk

   Risiko nilai tukar mata uang asing adalah risiko di                Foreign exchange risk is the risk that the fair value
   mana nilai wajar atau arus kas masa mendatang dari                 or future cash flows of a financial instrument will
   suatu instrumen keuangan terpengaruh karena                        fluctuate because of changes in foreign exchange
   perubahan dari nilai tukar mata uang asing. Pengaruh               rates. The influence of the risk of changes in foreign
   dari risiko perubahan nilai tukar mata uang asing                  currency rates primarily from restricted funds, short-
   terutama berasal dari dana dalam pembatasan, utang                 term other payables and short-term bank loans
   lain-lain jangka pendek dan utang bank jangka                      which are mainly denominated in United States
   pendek yang terutama menggunakan mata uang                         Dollar.
   Dolar Amerika Serikat.

   Pengaruh fluktuasi nilai tukar atas Grup terutama                  The Group’s exposure to exchange rate fluctuations
   berasal dari nilai tukar antara Dolar Amerika Serikat              mainly come from the exchange rate between the
   dengan Rupiah. Bagian signifikan dari risiko nilai                 United States Dollar and Rupiah. The significant
   tukar mata uang asing terutama berasal dari liabilitas             portion of the foreign exchange risk is mainly
   jangka pendek dan jangka panjang dalam Dolar                       contributed by United States Dollar denominated
   Amerika Serikat.                                                   short-term and long-term liabilities.

   Grup memonitor secara ketat fluktuasi dari nilai tukar             The Group closely monitors the foreign exchange
   mata uang asing sehingga dapat mengambil langkah-                  rate fluctuations and market expectations so it can
   langkah yang paling menguntungkan Grup pada                        take necessary actions that benefited most to Group
   waktu yang tepat.                                                  in due time.

   Manajemen Grup menganggap tidak perlu melakukan                    The Group’s management currently does not
   transaksi forward/swap mata uang asing saat ini.                   consider the necessity to enter into any currency
                                                                      forward/swaps.




                                                            127
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                      DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                      44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                            AND POLICIES (Continued)

   Pada tanggal 31 Desember 2024 dan 2023, Grup                    As of December 31, 2024 and 2023, the Group has
   mempunyai aset dan liabilitas moneter dalam mata                monetary assets and liabilities denominated in
   uang asing sebagai berikut:                                     foreign currencies as follows:

                                                         2024
                                                 Mata Uang
                                                    Asing/
                                                  Foreign
                                                 Currencies   Setara Rupiah/
                                               (Angka Penuh/ Equivalent in
                                                Full Amount )    Rupiah
    Aset:                                                                                                        Asset:
      Kas di bank                        US$         10.040                 162                        Cash in banks
    Liabilitas:                                                                                                Liability:
       Utang lain-lain                   US$      2.173.197              35.123                       Other payables
    Liabilitas moneter                                                                               Monetary liability
      dalam mata uang                                                                                     in foreign
      asing - neto                       US$      (2.163.157)           (34.961)                      currency - net


                                                         2023
                                                 Mata Uang
                                                    Asing/
                                                  Foreign
                                                 Currencies   Setara Rupiah/
                                               (Angka Penuh/ Equivalent in
                                                Full Amount )    Rupiah
    Aset:                                                                                                       Assets:
      Kas di bank                        US$         50.716                 782                      Cash in banks
      Dana dalam pembatasan              US$      1.084.380              16.717                     Restricted funds
    Liabilitas:                                                                                             Liabilities:
       Utang bank jangka pendek          US$      1.073.644              16.551               Short-term bank loans
       Utang lain-lain                   US$      2.173.197              33.502                      Other payables
    Liabilitas moneter                                                                             Monetary liabilities
      dalam mata uang                                                                                     in foreign
      asing - neto                       US$      (2.111.745)           (32.554)                    currencies - net

   Berdasarkan estimasi manajemen, sampai dengan                   Based on management’s estimate, until the Group’s
   tanggal pelaporan Grup berikutnya, kurs Rupiah                  next reporting date, the exchange rate of Rupiah
   terhadap     Dolar   Amerika     Serikat dapat                  against United States Dollar may weaken/strengthen
   melemah/menguat 5% dibandingkan kurs pada                       by 5% compared to the exchange rate as of
   tanggal 31 Desember 2024 dan 2023.                              December 31, 2024 and 2023.
   Jika, pada tanggal 31 Desember 2024 dan 2023,                   If, as of December 31, 2024 and 2023, Rupiah had
   Rupiah melemah/menguat 5% terhadap mata uang                    weakened/strengthened by 5% against United
   Dolar Amerika Serikat, dengan seluruh variabel lain             States Dollar, with all other variables held constant,
   tetap, maka laba rugi dan ekuitas pada tahun yang               profit or loss and equity for the years ended
   berakhir pada tanggal 31 Desember 2024 dan 2023,                December 31, 2024 and 2023, would have a
   akan berupa penurunan/peningkatan masing-masing                 decrease/an       increase       of     approximately
   sekitar Rp1,75 miliar dan Rp1,63 miliar.                        Rp1.75 billion and Rp1.63 billion, respectively.




                                                         128
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                        44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                              AND POLICIES (Continued)

   Risiko Harga Komoditas                                            Commodity Price Risk

   Kebijakan Grup untuk meminimalkan risiko yang                     The Group’s policy is to minimize the risks arising
   berasal dari fluktuasi harga komoditas adalah dengan              from the fluctuations in commodity prices by
   menjaga tingkat kestabilan biaya pembangunan.                     maintaining the stability level of development costs.

   Risiko Harga Saham                                                Stock Price Risk

   Risiko harga saham adalah risiko di mana nilai wajar              Stock price risk is the risk that the fair value of future
   dari arus kas masa depan dari suatu instrumen                     cash flows of a financial instrument will fluctuate
   keuangan akan berfluktuasi karena perubahan harga                 because of changes in the stock market.
   saham di pasar.

   Grup mengelola risiko pasar dengan secara rutin                   Group manages market risk by regularly evaluating
   melakukan evaluasi terhadap kinerja keuangan serta                the financial performance and always monitor the
   selalu memantau perkembangan pasar global.                        development of the global market.

   Risiko Kredit                                                     Credit Risk

   Risiko kredit adalah risiko bahwa Grup akan                       Credit risk is the risk that the Group will incur a loss
   mengalami kerugian yang timbul dari pelanggan, klien              arising from the customer, client or other party who
   atau pihak lawan yang gagal memenuhi kewajiban                    failed to meet their contractual obligations. There is
   kontraktual mereka. Tidak ada risiko kredit yang                  no significant concentration of credit risk. The Group
   terpusat secara signifikan. Grup mengelola dan                    manages and controls credit risk by setting limits of
   mengendalikan risiko kredit dengan menetapkan                     acceptable risk for customers and monitoring the
   batasan jumlah risiko yang dapat diterima untuk                   exposure associated with these restrictions.
   pelanggan dan memantau eksposur terkait dengan
   batasan-batasan tersebut.

   Grup melakukan hubungan usaha hanya dengan                        The Group conducts business relationships only
   pihak ketiga yang diakui dan kredibel. Grup memiliki              with recognized and credible third parties. The
   kebijakan untuk semua pelanggan yang akan                         Group has a policy to go through customer credit
   melakukan perdagangan secara kredit harus melalui                 verification procedures. In addition, the amount of
   prosedur verifikasi kredit. Sebagai tambahan jumlah               receivables are monitored continuously to reduce
   piutang dipantau secara terus menerus untuk                       the risk for loss for impairment of trade receivables.
   mengurangi risiko kerugian penurunan nilai piutang
   usaha.

   Grup meminimalkan keterlambatan pembayaran atas                   The Group minimizes its credit risk on trade
   piutang usaha yang timbul dari pembeli properti                   receivables from property buyers by imposing
   dengan mengenakan denda atas keterlambatan                        penalties on late payments and fines on cancellation
   pembayaran, pembatalan penjualan dengan denda                     of sale and no handovers of units if receivable is not
   pembatalan dan apabila penjualan belum dilunasi,                  yet fully paid in order for the Group to resale such
   tidak dilakukan serah terima unit yang dijual,                    units, therefore the Group can resell the properties
   sehingga dapat dilakukan penjualan kembali properti               by claimed of the loss of sale those properties.
   dengan dikenakan klaim atas kerugian yang timbul
   dari penjualan tersebut.

   Untuk risiko kredit yang timbul dari penyewa properti             Credit risk exposure on trade receivables from
   investasi dilakukan dengan cara meminta penyewa                   tenants is minimized by requiring the tenants to pay
   untuk memberikan deposit dalam bentuk tunai atau                  rent in advance prior to the effectiveness of the
   bank garansi untuk sewa selama tiga (3) bulan, serta              lease term and lease deposit for three (3) months in
   membayar uang muka sewa sebelum masa sewa                         the form of cash or bank guarantee.
   berlaku.




                                                           129
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PT BAKRIELAND DEVELOPMENT Tbk                                                             PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                            FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                                 DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                        (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                     stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                                                  44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                                        AND POLICIES (Continued)

   Tabel berikut ini memberikan informasi mengenai                                               The following table provides information regarding
   maksimum risiko kredit yang dihadapi oleh Grup pada                                           the maximum credit risk exposure of the Group as of
   tanggal 31 Desember 2024 dan 2023:                                                            December 31, 2024 and 2023:

                                                                        2024                      2023
    Kas di bank dan setara kas                                           112.700                   132.378                    Cash in banks and cash equivalents
    Piutang usaha - neto                                                 332.464                   333.364                                 Trade receivables - net
    Piutang lain-lain - neto                                              41.375                   829.714                                 Other receivables - net
    Dana dalam pembatasan                                                 43.681                    60.785                                       Restricted funds
    Piutang pihak berelasi - neto                                          9.544                    59.069                          Due from related parties - net
    Piutang lain-lain jangka panjang                                     779.318                    82.465                            Long-term other receivables
    Penyertaan dalam saham biasa yang                                                                                                    Investments in unquoted
        tidak memiliki kuotasi pasar                                     102.680                   135.318                                    ordinary shares
    Aset lain-lain                                                                                                                                   Other assets
        Uang jaminan                                                         1.926                        1.712                              Security deposits
    Total                                                             1.423.688                 1.634.805                                                               Total

   Tabel berikut memberikan kualitas kredit dan analisis                                         The following table provides the credit quality and
   umur aset keuangan Grup sesuai dengan peringkat                                               age analysis of the Group’s financial assets
   kredit debitur pada tanggal 31 Desember 2024 dan                                              according to the Group’s credit ratings of debtors as
   2023:                                                                                         of December 31, 2024 and 2023:
                                                                                    2024
                                    Belum Jatuh    Telah Jatuh Tempo Tetapi Belum Diturunkan Nilainya/
                                    Tempo Dan                   Past Due But Not Impaired
                                     Tidak Ada                             31 Hari                              Telah Jatuh
                                     Penurunan                             Sampai                               Tempo Dan
                                        Nilai/         Sampai              90 Hari/          Lebih Dari         Diturunkan
                                    Neither Past       30 Hari/           31 Days              90 Hari/          Nilainya/
                                       Due Nor          Up To              Up To                Over           Past Due And        Total/
                                      Impaired         30 Days            90 Days             90 Days            impaired          Total
    Kas di bank dan setara kas           112.700                -                   -                   -                 -          112.700   Cash in banks and cash equivalents
    Piutang usaha                              -           44.424              11.853             276.187           178.638          511.102                     Trade receivables
    Piutang lain-lain                     11.030              130                 599              29.616             6.115           47.490                     Other receivables
    Dana dalam pembatasan                 43.681                -                   -                   -                 -           43.681                       Restricted funds
    Piutang pihak berelasi                     -                -                   -               9.544            51.708           61.252               Due from related parties
    Piutang lain-lain jangka panjang           -                -                   -             779.318            11.466          790.784           Long-term other receivables
    Penyertaan dalam saham biasa yang                                                                                                                     Investments in unquoted
       tidak memiliki kuotasi pasar            -                -                   -             102.680            49.701          152.381                     ordinary shares
    Aset lain-lain                                                                                                                                                    Other assets
       Uang jaminan                        1.926                -                   -                      -              -            1.926                   Security deposits
    Total                                169.337           44.554              12.452           1.197.345           297.628        1.721.316                                 Total


                                                                                    2023
                                    Belum Jatuh    Telah Jatuh Tempo Tetapi Belum Diturunkan Nilainya/
                                    Tempo Dan                   Past Due But Not Impaired
                                     Tidak Ada                             31 Hari                              Telah Jatuh
                                     Penurunan                             Sampai                               Tempo Dan
                                        Nilai/         Sampai              90 Hari/          Lebih Dari         Diturunkan
                                    Neither Past       30 Hari/           31 Days              90 Hari/          Nilainya/
                                       Due Nor          Up To              Up To                Over           Past Due And        Total/
                                      Impaired         30 Days            90 Days             90 Days            impaired          Total
    Kas di bank dan setara kas            99.460           32.889                   -                  29                 -          132.378   Cash in banks and cash equivalents
    Piutang usaha                         11.043           22.589              16.565             283.167           182.599          515.963                     Trade receivables
    Piutang lain-lain                          -                -                   -             829.714            12.246          841.960                     Other receivables
    Dana dalam pembatasan                 25.243              115                   -              35.427                 -           60.785                       Restricted funds
    Piutang pihak berelasi                     -                -                   -              59.069            16.254           75.323               Due from related parties
    Piutang lain-lain jangka panjang           -                -                   -              82.465            15.351           97.816           Long-term other receivables
    Penyertaan dalam saham biasa yang                                                                                                                     Investments in unquoted
       tidak memiliki kuotasi pasar            -                -                   -             135.318            17.064          152.382                     ordinary shares
    Aset lain-lain                                                                                                                                                    Other assets
       Uang jaminan                        1.658                -                  11                     43              -            1.712                   Security deposits
    Total                                137.404           55.593              16.576           1.425.232           243.514        1.878.319                                 Total




   Kualitas kredit instrumen keuangan dikelola oleh Grup                                         The credit quality of financial instruments is
   menggunakan peringkat kredit internal. Instrumen                                              managed by the Group using internal credit ratings.
   keuangan diklasifikasikan sebagai “Belum jatuh                                                Financial instruments classified under “neither past
   tempo dan tidak ada penurunan nilai” meliputi                                                 due nor impaired” includes high grade credit quality
   instrumen dengan kualitas kredit tinggi karena ada                                            instruments because there was few or no history of
   sedikit atau tidak ada pengalaman kegagalan                                                   default on the agreed terms based on the letter of
   (default) pada kesepakatan berdasarkan surat kuasa,                                           authorization, letter of guarantee or promissory note.
   surat jaminan atau promissory note.


                                                                                   130
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                          44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                AND POLICIES (Continued)

   Instrumen keuangan diklasifikasikan sebagai “telah                  Financial instruments classified under “past due but
   jatuh tempo tetapi belum diturunkan nilainya” adalah                not impaired” are items with a history of frequent
   akun-akun dengan pengalaman kegagalan (default)                     default nevertheless the amount due are still
   yang sering namun demikian jumlah terhutang masih                   collectible.
   tertagih.

   Terakhir,   instrumen    keuangan    diklasifikasikan               Lastly, financial instruments classified under “past
   sebagai “telah jatuh tempo dan diturunkan nilainya”                 due and impaired” are those that are long
   adalah akun yang telah lama belum dilunasi dan telah                outstanding and have been provided with provision
   dibentuk penyisihan kerugian penurunan nilai piutang.               for impairment loss on receivables.

   Risiko Likuiditas                                                   Liquidity Risk

   Risiko likuiditas adalah risiko di mana Grup tidak bisa             Liquidity risk is the risk that the Group cannot meet
   memenuhi liabilitas pada saat jatuh tempo.                          obligations at maturity. Management evaluates and
   Manajemen melakukan evaluasi dan pengawasan                         closely monitors cash inflows (cash-in) and cash
   yang ketat atas arus kas masuk (cash-in) dan kas                    outflow (cash-out) to ensure the availability of funds
   keluar (cash-out) untuk memastikan tersedianya dana                 to meet payment obligations due. In general, the
   untuk memenuhi kebutuhan pembayaran liabilitas                      funding requirements for the repayment of short-
   yang jatuh tempo. Secara umum, kebutuhan dana                       term liabilities and long-term maturities derived from
   untuk pelunasan liabilitas jangka pendek maupun                     sales to customers.
   jangka panjang yang jatuh tempo diperoleh dari
   penjualan kepada pelanggan.

   Kebutuhan likuiditas Grup timbul dari kebutuhan                     Liquidity needs of the Group arises from the need to
   dalam membiayai investasi dan pengeluaran barang                    finance investment and capital expenditures relating
   modal yang terkait dengan perluasan bisnis properti                 to expansion of business property and property
   dan infrastruktur yang berhubungan dengan properti.                 related infrastructure. Where this business requires
   Di mana bisnis ini memerlukan dukungan dana yang                    substantial financial support mainly to accelerate the
   cukup    besar     terutama   untuk  mempercepat                    development of existing areas and expand the area
   pembangunan atas area yang sudah ada serta                          of development and supporting infrastructure.
   memperluas area pengembangan dan infrastruktur
   pendukungnya.

   Pada normanya, di dalam mengelola risiko likuiditas,                In the norm, in managing liquidity risk, the Group
   Grup memantau dan menjaga tingkat kas dan setara                    monitors and maintains levels of cash and cash
   kas yang dianggap memadai untuk membiayai                           equivalents deemed adequate to finance the
   operasional Grup dan untuk mengatasi dampak dari                    operations of the Group and to overcome the impact
   fluktuasi arus kas. Grup juga secara rutin                          of fluctuations in cash flows. The Group also
   mengevaluasi proyeksi arus kas dan arus kas aktual,                 regularly evaluates cash flows projections and
   termasuk jadwal jatuh tempo utang jangka panjang                    actual cash flows, including the schedule of
   mereka, dan terus menelaah kondisi pasar keuangan                   maturing long-term debt, and continues to examine
   untuk mengambil inisiatif penggalangan dana.                        the condition of financial markets to take a
   Kegiatan ini dapat meliputi pinjaman bank, penerbitan               fundraising initiative. These activities may include
   surat utang ataupun penerbitan ekuitas di pasar                     bank loans, issuance of debt or equity issuance in
   modal.                                                              the capital market.

   Tabel di bawah ini merupakan jadwal jatuh                           The table below summarizes the maturity profile of
   tempo liabilitas keuangan Grup pada tanggal                         the   Group’s    financial  liabilities as      of
   31 Desember 2024 dan 2023:                                          December 31, 2024 and 2023:




                                                             131
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                           DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                           44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                 AND POLICIES (Continued)

                                                                 2024
                            Dibawah                                                Lebih
                            1 Tahun/                                             5 Tahun/
                             Below         1 - 2 Tahun/       3 - 5 Tahun/         Over         Total/
                             1 Year        1 - 2 Years         3 - 5 Years        Years         Total
    Utang bank jangka
       pendek                  195.265                    -                  -              -     195.265     Short-term bank loans
    Pembiayaan Musyarakah                                                                                                Short-term
       jangka pendek            11.800                    -                  -              -      11.800   Musyarakah financing
    Utang usaha                111.564                    -                  -              -     111.564            Trade payables
    Utang lain-lain            157.934                    -                  -              -     157.934            Other payables
    Beban masih
       harus dibayar           468.364                    -                  -              -     468.364        Accrued expenses
    Utang bank jangka                                                                                                Long-term bank
       panjang                 165.783           37.356             320.698           9.250       533.087                     loans
    Pembiayaan Musyarakah                                                                                                  Long-term
       jangka panjang            5.188           39.592              19.703                 -      64.483   Musyarakah financing
    Utang usaha                                                                                                     Long-term trade
       jangka panjang                  -                  -                  -       17.194        17.194                 payables
    Utang lain-lain                                                                                                 Long-term other
       jangka panjang                -           69.700                   -          17.733        87.433                 payables
    Liabilitas sewa              2.879            7.589              10.757         200.719       221.944               Lease liability
    Utang pembelian                                                                                            Liability for purchase
       aset tetap                 370                45                      -            -           415         of fixed assets
    Utang pihak berelasi            -                 -                      -       15.863        15.863     Due to related parties

    Total                    1.119.147          154.282             351.158         260.759     1.885.346                        Total


                                                                  2023
                            Dibawah                                                Lebih
                            1 Tahun/                                             5 Tahun/
                             Below         1 - 2 Tahun/       3 - 5 Tahun/         Over         Total/
                             1 Year        1 - 2 Years        3 - 5 Years         Years         Total
    Utang bank jangka
      pendek                   345.071                    -                  -              -     345.071     Short-term bank loans
    Pembiayaan Musyarakah                                                                                                Short-term
      jangka pendek             11.850                    -                  -              -      11.850   Musyarakah financing
    Utang usaha                115.451                    -                  -              -     115.451            Trade payables
    Utang lain-lain            192.576                    -                  -              -     192.576            Other payables
    Beban masih
      harus dibayar            476.901                    -                  -              -     476.901        Accrued expenses
    Utang bank jangka                                                                                                Long-term bank
      panjang                   62.271          108.890              81.250                 -     252.411                     loans
    Pembiayaan Musyarakah                                                                                                  Long-term
      jangka panjang             5.175           61.793                      -              -      66.968   Musyarakah financing
    Utang usaha                                                                                                     Long-term trade
      jangka panjang            17.194                    -                  -              -      17.194                 payables
    Utang lain-lain                                                                                                 Long-term other
      jangka panjang                   -          8.223                  258         69.700        78.181                 payables
    Utang pembelian                                                                                            Liability for purchase
      aset tetap                   695              254                   -               -           949         of fixed assets
    Utang pihak berelasi             -              236               5.731          13.837        19.804     Due to related parties

    Total                    1.227.184          179.396              87.239          83.537     1.577.356                         Total



   PENGELOLAAN MODAL                                                      CAPITAL MANAGEMENT

   Tujuan utama pengelolaan modal Grup adalah untuk                       The primary objective of the Group’s capital
   memastikan terpeliharanya rasio modal yang sehat                       management is to ensure that healthy capital ratios
   untuk mendukung usaha dan memaksimalkan imbal                          are maintained in order to support its business and
   hasil bagi pemegang saham.                                             maximize shareholders’ value.




                                                              132
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PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                     44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                           AND POLICIES (Continued)

   Grup mengelola struktur permodalan dan melakukan               The Group manages its capital structure and makes
   penyesuaian      berdasarkan  perubahan    kondisi             adjustments to it, in light of changes in economic
   ekonomi. Untuk memelihara atau menyesuaikan                    conditions. To maintain or adjust the capital
   struktur permodalan, Grup dapat menyesuaikan                   structure, the Group may adjust the dividend
   pembayaran dividen kepada pemegang saham,                      payment to shareholders, issue new shares or raise
   menerbitkan saham baru atau mengusahakan                       debt financing. No changes are made in the
   pendanaan melalui pinjaman. Tidak ada perubahan                objectives, policies or processes during the periods
   atas tujuan kebijakan maupun proses selama periode             presented.
   penyajian.

   Kebijakan Grup adalah mempertahankan struktur                  The Group’s policy is to maintain a healthy capital
   permodalan yang sehat untuk mengamankan akses                  structure in order to secure access to finance at a
   terhadap pendanaan pada biaya yang wajar.                      reasonable cost.

   Sebagaimana praktik yang berlaku umum, Grup                    As general practice, the Group evaluates its capital
   mengevaluasi struktur permodalan melalui rasio                 structure through a debt-to-equity ratio (gearing
   utang terhadap modal (gearing ratio) yang dihitung             ratio) calculated by dividing the net debt to capital.
   melalui pembagian antara utang neto dengan modal.              Net debt is equal to the total liabilities as presented
   Utang neto adalah jumlah liabilitas sebagaimana                in the consolidated statement of financial position
   disajikan di dalam laporan posisi keuangan                     reduced by the total of cash and cash
   konsolidasian dikurangi dengan jumlah kas dan                  equivalents,while      the   capital      includes   all
   setara kas,sedangkan modal meliputi seluruh                    components of equity in the consolidated statement
   komponen ekuitas dalam laporan posisi keuangan                 of financial position.
   konsolidasian.

   Pada tanggal 31 Desember 2024 dan 2023,                        As of December 31, 2024 and 2023, the ratio
   perhitungan rasio tersebut adalah sebagai berikut:             calculation is as follows:


                                              2024                2023
    Total liabilitas                         2.717.802           2.507.808                               Total liabilities
    Dikurangi kas                              113.592             133.760                                   Less cash
    Utang neto                               2.604.210           2.374.048                                    Net Debt
    Total ekuitas                            6.024.215           6.131.245                                  Total equity
    Rasio utang
       terhadap ekuitas                           0,43                 0,39                       Debt-to-equity ratio



45. KELOMPOK INSTRUMEN KEUANGAN                               45. FINANCIAL INSTRUMENTS BY CATEGORY

   Tabel di bawah ini menyajikan perbandingan atas                The table below is a comparison of the carrying
   nilai tercatat dengan nilai wajar dari instrumen               amounts and fair value of the Group’s financial
   keuangan Grup yang tercatat dalam laporan                      instruments that are carried in the consolidated
   keuangan       konsolidasian    pada      tanggal              financial statements as of December 31, 2024 and
   31 Desember 2024 dan 2023:                                     2023:




                                                        133
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PT BAKRIELAND DEVELOPMENT Tbk                                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                                  DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                         (Expressed in millions of Rupiah, unless otherwise
lain)                                                                      stated)

45. KELOMPOK INSTRUMEN KEUANGAN (Lanjutan)                                 45. FINANCIAL         INSTRUMENTS           BY      CATEGORY
                                                                               (Continued)

                                                     2024                                 2023
                                          Nilai              Nilai             Nilai              Nilai
                                       tercatat/            wajar/          tercatat/            wajar/
                                       Carrying              Fair           Carrying              Fair
                                         value              value             value              value

    ASET KEUANGAN                                                                                                       FINANCIAL ASSETS

    Diukur pada biaya
      perolehan diamortisasi:                                                                                    Measured at amortized cost:
      Kas dan setara kas                  113.592             113.592          133.760             133.760      Cash and cash equivalents
      Piutang usaha - neto                332.464             332.464          333.364             333.364         Trade receivables - net
      Piutang lain-lain - neto             41.375              41.375          829.714             829.714         Other receivables - net
      Dana dalam pembatasan                43.681              43.681           60.785              60.785               Restricted funds
      Piutang pihak                                                                                                      Due from related
         berelasi - neto                     9.544              9.544           59.069              59.069                 parties - net
      Piutang lain-lain                                                                                                  Long-term other
         jangka panjang                   779.318             779.318           82.465              82.465                 receivables
      Aset lain-lain                                                                                                         Other assets
         Uang jaminan                        1.926              1.926             1.712              1.712            Security deposits
    Nilai wajar melalui                                                                                                  Fair value through
       penghasilan komprehensif lain                                                                         other comprehensive income
      Penyertaan dalam saham
        biasa yang tidak memiliki                                                                                 Investments in unquoted
        kuotasi pasar                     102.680             102.680          135.318             135.318              ordinary shares
    Total Aset Keuangan                 1.424.580           1.424.580         1.636.187          1.636.187            Total Financial Assets

    LIABILITAS
    KEUANGAN                                                                                                        FINANCIAL LIABILITIES

    Diukur pada biaya
      perolehan diamortisasi:                                                                                    Measured at amortized cost:
      Utang bank                                                                                                        Short-term bank
         jangka pendek                    195.265             195.265          345.071             345.071                       loans
      Pembiayaan Musyarakah                                                                                                   Short-term
         jangka pendek                     11.800              11.800           11.850              11.850        Musyarakah financing
      Utang usaha                         111.564             111.564          115.451             115.451               Trade payables
      Utang lain-lain                     157.934             157.934          192.576             192.576                Other payables
      Beban masih harus
         dibayar                          468.364             468.364          476.901             476.901              Accrued expenses
      Liabilitas jangka
         panjang:                                                                                                       Long-term debts:
         Utang usaha                       17.194              17.194           17.194              17.194             Trade payables
         Utang bank                       533.087             533.087          252.411             252.411                 Bank loans
         Pembiayaan Musyarakah             64.483              64.483           66.968              66.968        Musyarakah financing
      Utang lain-lain
         jangka panjang                    87.433              87.433           78.181              78.181       Long-term other payables
      Liabilitas sewa                     221.944             221.944                -                   -                    Lease liability
      Utang pembelian aset                                                                                           Liability for purchase
         tetap                                415                 415              949                 949               of fixed assets
      Utang pihak berelasi                 15.863              15.863           19.804              19.804          Due to related parties
    Total Liabilitas                                                                                                        Total Financial
      Keuangan                          1.885.346           1.885.346         1.577.356          1.577.356                    Liabilities




                                                                     134
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

45. KELOMPOK INSTRUMEN KEUANGAN (Lanjutan)                        45. FINANCIAL      INSTRUMENTS         BY    CATEGORY
                                                                      (Continued)

    Metode-metode dan asumsi-asumsi di bawah ini                      The following methods and assumptions are used to
    digunakan untuk mengestimasi nilai wajar untuk                    estimate the fair value of each class of financial
    masing-masing kelas instrumen keuangan:                           instruments:

    1. Kas dan setara kas, piutang usaha dan lain-lain                1. Cash and cash equivalents, trade and other
                                                                         receivables

       Seluruh aset keuangan tersebut merupakan aset                     All of these financial assets are current financial
       keuangan lancar yang akan jatuh tempo dalam                       assets which are due within twelve (12) months,
       waktu dua belas (12) bulan sehingga nilai tercatat                thus the carrying value of the financial assets
       aset keuangan tersebut kurang lebih telah                         approximate their fair values.
       mencerminkan nilai wajarnya.

    2. Penyertaan dalam saham biasa yang tidak                        2. Investments in unquoted ordinary shares
       memiliki kuotasi pasar

       Penyertaan dalam saham biasa yang tidak                           Investments in unquoted ordinary shares are
       memiliki dicatat pada biaya perolehan karena nilai                carried at cost as their fair values cannot be
       wajarnya tidak dapat diukur secara andal.                         reliably measured.

    3. Utang bank jangka pendek, pembiayaan                           3. Short-term bank loans, short-term Musyarakah
       Musyarakah jangka pendek, utang usaha, utang                      financing, trade payables, other payables and
       lain-lain dan beban masih harus dibayar                           accrued expenses

       Seluruh liabilitas keuangan tersebut merupakan                    All of these financial liabilities are short-term
       liabilitas keuangan jangka pendek yang akan jatuh                 financial liabilities which are due within
       tempo dalam waktu dua belas (12) bulan sehingga                   twelve (12) months, thus the carrying value of
       nilai tercatat liabilitas keuangan tersebut kurang                the financial liabilities approximate their fair
       lebih telah mencerminkan nilai wajarnya.                          value.

    4. Dana    dalam    pembatasan, utang  bank,                      4. Restricted funds, bank loans, long-term
       pembiayaan Musyarakah jangka panjang dan                          Musyarakah financing and liability for purchase
       utang pembelian aset tetap.                                       of fixed assets.

       Nilai wajar instrumen keuangan mendekati nilai                    The fair value of these financial instruments
       tercatat karena tingkat suku bunganya dinilai                     approximate their carrying values largely due to
       ulang secara berkala.                                             their interest rates are frequently repriced.

    5. Piutang lain-lain jangka panjang, piutang pihak                5. Long-term other receivables, due from related
       berelasi, aset lain-lain, utang lain-lain jangka                  parties, other assets, long-term other payables,
       panjang, liabilitas sewa dan utang pihak berelasi                 lease liability, and due to related parties

       Nilai wajar instrumen keuangan dicatat sebesar                    The fair value of these financial instruments is
       biaya historis karena nilai wajarnya tidak dapat                  carried at historical cost because their fair value
       diukur secara andal. Tidak praktis untuk                          cannot be measured reliably. It is not practical to
       mengestimasi nilai wajar instrumen-instrumen                      estimate the fair value of these asset
       aset tersebut karena tidak ada jangka waktu                       instruments because there is no fixed payment
       pembayaran      yang   pasti    walaupun    tidak                 term and is not expected to be completed within
       diharapkan untuk diselesaikan dalam jangka                        twelve (12) months after the reporting date.
       waktu dua belas (12) bulan setelah tanggal
       pelaporan.




                                                            135
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PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

46. KELANGSUNGAN USAHA                                        46. GOING CONCERN

   Grup     mengalami    kerugian   berulang     yang             The Group incurred recurring losses resulting to a
   menyebabkan defisit dalam laporan posisi keuangan              deficit in the consolidated statements of financial
   konsolidasian. Untuk tahun yang berakhir pada                  position. For the year ended December 31, 2024,
   tanggal 31 Desember 2024, Grup mengalami kerugian              the Group incurred loss from its activities and
   dari kegiatan usahanya dan melaporkan rugi neto                reported a net loss for the current year amounting to
   tahun berjalan sebesar Rp101,95 miliar dan defisit             Rp101.95 billion and a deficit of Rp1.36 trillion as at
   sebesar      Rp1,36     triliun  pada      tanggal             December 31, 2024.
   31 Desember 2024.

   Kesinambungan usaha Grup tergantung oleh                       The Group’s ability to continue as going concern
   tercapainya rencana manajemen dan dukungan                     entities depends on the result of management’s
   secara berkesinambungan dari pemegang saham                    plan and continuing support from the Group’s
   Grup. Laporan keuangan konsolidasian disusun                   shareholders. The consolidated financial statements
   dengan asumsi Grup akan melanjutkan usahanya                   have been prepared assuming the Group will
   secara berkesinambungan.                                       continue as a going concern entity.

   Untuk menghadapi keadaan tersebut, manajemen                   To deal with the situation, the management of the
   Grup berupaya menyusun rencana strategis, antara               Group has prepared a strategic plan, among others:
   lain:
    1. Berfokus pada pertumbuhan pendapatan yang                  1.   Focusing on sustainable revenue through:
         berkelanjutan melalui:
         a. Pengembangan proyek perumahan segmen                       a.  Development of mid-range residential
              menengah dengan fokus pada wilayah                           projects with a focus on the Sidoarjo and
              Sidoarjo dan Bogor.                                          Bogor areas.
         b. Penambahan produk pendapatan recurring                     b. Addition of recurring income products
              melalui pembangunan baru atau akuisisi.                      through new developments or acquisitions.
    2. Meningkatkan laba operasi dengan menjaga                   2.   Enhance operating profit by maintaining
         efisiensi biaya operasional.                                  operational cost efficiency.
    3. Melakukan akuisisi lahan secara bertahap untuk             3.   Gradually acquire land for future development.
         pengembangan di masa depan.
    4. Mendorong kerjasama dengan investor strategis              4.   Foster collaboration with strategic investors to
         untuk mempercepat proyek - proyek baru dan                    accelerate new and large-scale projects.
         skala besar.
    5. Mengoptimalkan return yang lebih optimal pada              5.   Optimize      returns   on   assets      through
         aset melalui peremajaan dan redevelopment.                    revitalization and redevelopment.

   6.   Membentuk sistem organisasi dan budaya kerja              6.   Establish a new organizational system and
        baru yang mendukung rencana pertumbuhan                        work culture that supports the company's
        Perusahaan.                                                    growth plan.

   Dengan rencana manajemen di atas serta dukungan                With the management plan above and continuous
   keuangan yang berkesinambungan dari pemegang                   financial support from the Group’s shareholders, the
   saham Grup, manajemen Grup berkeyakinan bahwa                  Group’s management believes that the Group will
   Grup akan melanjutkan operasinya sebagai entitas               continue its operations as a going concern entity.
   yang memiliki kelangsungan usaha. Laporan                      The consolidated financial statements include the
   keuangan konsolidasian mencakup dampak dari                    going concern effects to the extent that those
   kelangsungan usaha sepanjang hal tersebut dapat                effects could be determined and estimated. The
   ditentukan dan diperkirakan. Laporan keuangan                  Group’s consolidated financial statements do not
   konsolidasian Grup tidak mencakup penyesuaian                  include any adjustments that may arise as a result
   yang mungkin timbul dari hasil ketidakpastian                  of those uncertainties.
   tersebut.




                                                        136
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                          DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

47. PERKARA        HUKUM         DAN        KEWAJIBAN              47. LEGAL MATTER AND CONTINGENCY
    BERSYARAT

   a. Perkara Litigasi Perdata Bernd Hogel                             a. Bernd Hogel Litigation Case

      Pada tanggal 13 September 2022, Perusahaan                         On September 13, 2022, the Company and
      dan PT Surya Global Nusantara, Entitas Anak,                       PT Surya Global Nusantara, a Subsidiary as the
      masing-masing sebagai Termohon I dan                               Respondent I and Respondent II, respectively,
      Termohon II, menerima penetapan eksekuatur                         received an executory decision from the Central
      dari Pengadilan Negeri Jakarta Pusat No.                           Jakarta District Court No. 55/2022.Eks Putusan
      55/2022.Eks      Putusan      Badan      Arbitrase                 Badan Arbitrase Internasional - Singapore
      Internasional - Singapore International Arbitration                International Arbitration Center (SIAC) Final
      Centre (SIAC) Final Award No. 085 Tahun 2021                       Award No. 085 of 2021 on August 12, 2021 Jo.
      tanggal 12 Agustus 2021 Jo. No. 06/ARB-                            No. 06/ARB-Arbitration and Alternative Dispute
      Arbitrase dan Alternatif Penyelesaian Sengketa                     Resolution dated August 31, 2022 filed by Bernd
      tertanggal 31 Agustus 2022 yang dimohonkan                         Hogel. The executory decision ordered the
      oleh Bernd Hogel. Penetapan eksekuatur tersebut                    Respondents to pay US$5.02 million and
      memerintahkan kepada para Termohon untuk                           SG$328.58 thousand to the Claimant.
      membayar sebesar US$5,02 juta dan SG$328,58
      ribu kepada Pemohon.

      Pada tanggal 3 Januari 2023, Perusahaan dan                        On January 3, 2023, the Company and
      PT Surya Global Nusantara (SGN), Entitas Anak,                     PT Surya Global Nusantara (SGN), a Subsidiary,
      mengajukan gugatan perlawanan terhadap                             filed a lawsuit against Bernd Hogel through the
      Bernd Hogel melalui Pengadilan Negeri Jakarta                      Central Jakarta District Court as registered in the
      Pusat sebagaimana terdaftar dalam Register                         Register of Civil Cases No. 6/Pdt.G/2023/PN.Jkt
      Perkara Perdata No. 6/Pdt.G/2023/PN.Jkt.Pst                        .Pst connection with execution order No.
      sehubungan dengan perintah eksekusi No.                            55/2022 Jo. International Arbitration Board
      55/2022     Jo.   Putusan     Badan   Arbitrase                    Decision No. 085 of 2021 on August 12, 2021
      Internasional No. 085 Tahun 2021 tanggal                           Jo. No.06/ARB-INT/2022/PN.JKT.PST filed by
      12     Agustus   2021     Jo.    No.  06/ARB-                      Bernd Hogel. The counterclaim is an attempt by
      INT/2022/PN.JKT.PST yang dimohonkan oleh                           the Company and SGN to refuse the execution
      Bernd Hogel. Gugatan perlawanan tersebut                           order requested by Bernd Hogel.
      merupakan upaya Perusahaan dan SGN untuk
      menolak perintah eksekusi yang dimohonkan oleh
      Bernd Hogel.

      Berdasarkan Perkara No.6/Pdt.Plw/2023/PN.Jkt.                      Based on Case No.6/Pdt.Plw/2023/PN.Jkt.Pst
      Pst tanggal 3 Januari 2023 terkait gugatan                         dated January 3, 2023 regarding lawsuit of the
      perlawanan Perusahaan (“Pelawan I”) dan SGN                        Company (“Plaintiff I”) and SGN (“Plaintiff II”)
      (“Pelawan II”) melawan Bernd Hogel (“Terlawan”),                   against Bernd Hogel (“Defendant”), the lawsuit
      bahwa gugatan tersebut telah diputuskan oleh                       decided by the panel of judges at Central
      Majelis Hakim Pengadilan Negeri Jakarta Pusat                      Jakarta District Court on October 10, 2024 with
      pada tanggal 10 Oktober 2024 dengan amar                           its decision rejecting the Plaintiff’s claims. On
      putusan menolak gugatan perlawanan dari para                       October 23, 2024, the Company and SGN filed
      Pelawan.      Pada tanggal 23 Oktober 2024,                        an appeal. Until the completion date of the
      Perusahaan dan SGN melakukan pengajuan                             consolidated financial statements, there has
      banding. Sampai dengan tanggal penyelesaian                        been no decision on this appeal.
      laporan keuangan konsolidasian ini, belum
      terdapat Keputusan atas banding tersebut.

      Informasi yang biasanya disyaratkan oleh                            The information usually required by PSAK 237
      PSAK 237 “Provisi, liabilitas, kontinjensi, dan aset                “Provisions, contingent liabilities, and contingent
      kontinjensi” tidak diungkapkan karena dapat                         assets” is not disclosed on the grounds that it can
      membentuk prasangka tertentu atas penyelesaian                      be expected to prejudice the outcome of the
      permasalahan hukum tersebut. Sampai dengan                          litigation. As of the completion date of the
      tanggal     penyelesaian      laporan      keuangan                 consolidated financial statements, the trial of the
      konsolidasian, kasus tersebut masih dalam proses                    case is still ongoing and there has been no final
      persidangan dan belum ada keputusan yang                            and binding legal decision.
      berkekuatan hukum tetap dan mengikat.



                                                             137
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                        DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

47. PERKARA     HUKUM           DAN       KEWAJIBAN              47. LEGAL MATTER AND CONTINGENCY (Continued)
    BERSYARAT (Lanjutan)

   b. Arbitrase Perkara dengan Perusahaan Umum                       b. Arbitration Case with Perusahaan Umum
      Pembangunan         Perumahan      Nasional                       Pembangunan       Perumahan     Nasional
      (Perumnas) dan BPL                                                (Perumnas) and BPL

      Pada tanggal 8 Juli 2024, BPL mengajukan                         On July 8, 2024, BPL filed an application and an
      permohonan dan daftar bukti awal ke Badan                        initial list of evidence with the Indonesian
      Arbitrase Nasional Indonesia (BANI) atas perkara                 National Arbitration Board (BANI) for an
      arbitrase yang diajukan terhadap Perumnas terkait                arbitration case submitted against Perumnas
      penghentian perjanjian KSO PP – BPL dengan                       concerning the termination agreement of KSO
      nomor perkara 47044/VIIARB-BANI/2024. Sampai                     PP       –     BPL      with    case     number
      dengan tanggal penyelesaian laporan keuangan                     47044/VIIARB-BANI/2024. Until the completion
      konsolidasian ini diterbitkan, gugatan tersebut                  date of these consolidated financial statements,
      masih dalam proses penyelesaian administrasi.                    the lawsuit is still in process of administrative
                                                                       completion.

      Sehubungan dengan prosedur penyelesaian hak                      Regarding the settlement procedure of rights
      dan kewajiban untuk penetapan perhitungan dan                    and obligations for the determination of
      pembagian sisa aset KSO, akan dinegosiasikan                     calculations and distribution of the remaining
      kemudian, kecuali para pihak menyepakati lain                    KSO assets, will be subject to further
      terkait kerja sama tersebut.                                     negotiations, unless the parties agree otherwise
                                                                       regarding the collaboration.


48. PERISTIWA SETELAH PERIODE PELAPORAN                          48. EVENTS AFTER THE REPORTING PERIOD

   a. Utang Bank                                                     a. Bank Loans

      1.   Pada tanggal 3 Februari 2025, PT Bakrie                      1. On February 3, 2025, PT Bakrie Swasakti
           Swasakti Utama (BSU), Entitas Anak,                             Utama (BSU), a Subsidiary, obtained an
           memperoleh      persetujuan    perpanjangan                     approval of the extension of the loan period
           jangka waktu pinjaman fasilitas pinjaman                        of its facility from PT Bank Mayapada
           kredit   dengan    PT     Bank    Mayapada                      Internasional Tbk, until January 29, 2026
           Internasional Tbk, sampai dengan tanggal                        (Note 19a).
           29 Januari 2026 (Catatan 19a).

      2.   Pada tanggal 28 Februari 2025, BSU, Entitas                   2. On February 28, 2025, BSU, a Subsidiary,
           Anak, telah melunasi fasilitas pinjaman utang                    has fully paid its bank loan facility to
           bank kepada PT Bank KB Bukopin Tbk                               PT Bank KB Bukopin Tbk (KB Bukopin)
           (KB Bukopin) (Catatan 27c).                                      (Note 27c).

      3.   Pada tanggal 11 Maret 2025, PT Provices                       3. On March 11, 2025, PT Provices Indonesia
           Indonesia (PVI), Entitas anak, memperoleh                        (PVI), a subsidiary, obtained a loan facility
           fasilitas pinjaman dari PT BPR Syariah Hijra                     from PT BPR Syariah Hijra Alami with a
           Alami dengan fasilitas kredit maksimum                           maximum credit facility of Rp9 billion. This
           sebesar Rp9 miliar. Pinjaman ini digunakan                       loan is used for working capital with a
           untuk modal kerja dengan tingkat margin 15%                      margin rate of 15% per annum and will due
           per tahun dan akan jatuh tempo pada tanggal                      on March 11, 2026. The loan is secured by
           11 Maret 2026. Pinjaman tersebut dijamin                         receivables and deposits in banks
           dengan piutang dan deposito di bank sebesar                      amounting to 30% of the loan ceiling value
           30% dari nilai pagu pinjaman atau setiap                         or each disbursement.
           pencairan.

      4.   Pada tanggal 12 Maret 2025, BSU, Entitas                      4. On March 12, 2025, BSU, a Subsidiary,
           Anak, memperoleh persetujuan perpanjangan                        obtained an approval of the extension of the
           jangka waktu pinjaman fasilitas pinjaman                         loan period of its facility from KB Bukopin
           kredit dengan KB Bukopin sampai dengan                           until March 17, 2026 (Note 19b).
           tanggal 17 Maret 2026 (Catatan 19b).



                                                           138
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                         DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

48. PERISTIWA       SETELAH       PERIODE       PELAPORAN             48. EVENTS AFTER        THE    REPORTING         PERIOD
    (Lanjutan)                                                            (Continued)

   b. Perkara Hukum dan Kewajiban Bersyarat                             b. Legal Matter and Contingency

         Pada tanggal 23 Januari 2025, PT Bakrie                          On January 23, 2025, PT Bakrie Pangripta Loka
         Pangripta Loka (BPL), menerima permohonan dan                    (BPL), received an application and an initial list
         daftar bukti awal dari Badan Arbitrase Nasional                  of evidence from the Indonesian National
         Indonesia (BANI) atas perkara arbitrase yang                     Arbitration Board (BANI) for an arbitration case
         diajukan oleh PT Brantas Abipraya terkait dengan                 submitted by PT Brantas Abipraya related to
         KSO PP – BPL dengan nomor perkara                                KSO PP – BPL with case number
         47089/XII/ARB-BANI/2024.       Sampai     dengan                 47089/XII/ARB-BANI/2024. Until the completion
         tanggal     penyelesaian     laporan   keuangan                  of these consolidated financial statements, the
         konsolidasian ini diterbitkan, gugatan ini masih                 lawsuit is still in process of administrative
         dalam proses penyelesaian administrasi.                          completion.


49. INFORMASI TAMBAHAN ATAS TRANSAKSI YANG                        49. SUPPLEMENTARY CASH FLOWS INFORMATION
    TIDAK MEMENGARUHI ARUS KAS                                        FOR NON-CASH ACTIVITIES

    Informasi pendukung laporan arus kas konsolidasian                   Supplementary information to the consolidated
    sehubungan     dengan     aktivitas  yang     tidak                  statements of cash flows relating to non-cash
    memengaruhi arus kas adalah sebagai berikut:                         activities is as follows:

    a.     Aktivitas non-kas yang signifikan                             a.    Significant non-cash activities

                                                       2024                   2023
           Reklasifikasi piutang lain-lain jangka                                            Reclassification of short-term other
              pendek ke piutang lain-lain                                                     receivables to long-term other
              jangka panjang                           781.314                       -                            receivables
           Reklasifikasi dari utang bank jangka
              pendek ke utang bank jangka                                                    Reclassification of short-term bank
              panjang                                  250.000                       -         loans to long-term bank loans
                                                                                              Recognition of a right-of-use asset
           Pengakuan aset hak guna melalui                                                       through the recognition of a
               pengakuan liabilitas sewa               207.227                       -                           lease liability
           Penambahan aset tetap melalui akuisisi                                                 Addition of fixed asset through
               Entitas Anak                            118.848                       -             acquisition of a Subsidiary
           Penurunan pada uang muka pembelian                                                 Decrease in advance for purchase
               tanah melalui saling hapus                                                           of land through offsetting
               utang lain-lain                          17.880                 36.520                 against other payables
           Investasi pada Entitas Anak melalui                                               Investment in a Subsidiary through
               konversi piutang lain-lain               (93.731)                     -        conversion of other receivable
           Penambahan utang bank jangka panjang                                             Addition of long-term bank loan from
               melalui akuisisi Entitas Anak            (36.993)                     -         an acquisition of a Subsidiary
           Reklasifikasi dari tanah untuk                                                             Reclassification of land for
               pengembangan ke persediaan               (21.296)               61.659             development to inventories
           Reklasifikasi dari aset tetap ke                                                       Reclassification of fixed assets
               tanah untuk pengembangan                           -            75.273                to land for development
           Keuntungan penghapusan utang
               lain-lain                                          -            57.157         Gain on write-off of other payables
           Reklasifikasi dari tanah untuk
               pengembangan ke persediaan                                                           Reclassification of land for
               dan pembebanan ke beban                                                       development to inventories and
               pokok pendapatan                                   -            20.185         expensing to cost of revenues




                                                            139
Page 427
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                       DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

49. INFORMASI TAMBAHAN ATAS TRANSAKSI YANG                       49. SUPPLEMENTARY CASH FLOWS INFORMATION
    TIDAK MEMENGARUHI ARUS KAS (Lanjutan)                            FOR NON-CASH ACTIVITIES (Continued)

   b.   Perubahan pada liabilitas yang timbul dari                     b. Changes in liabilities arising from financial
        aktivitas pendanaan                                                activities

                                                                2024
                                     Saldo                                                      Saldo
                                  1 Januari/                                                31 Desember/
                                 Balance as of    Arus Kas/            Lain-lain/           Balance as of
                                  January 1,     Cash Flows             Others              December 31,
         Utang bank jangka
           pendek                    345.071         77.412                 (227.218)           195.265       Short-term bank loans
         Pembiayaan Musyarakah                                                                                              Short-term
           jangka pendek              11.850            (50)                        -            11.800     Musyarakah financing
         Utang lain-lain             270.757        (12.479)                  (12.911)          245.367                Other payables
         Utang pihak berelasi         19.804           (159)                   (3.782)           15.863       Due to related parties
         Utang bank jangka                                                                                                  Long-term
           panjang                   252.411         15.374                  265.302            533.087                   bank loan
         Pembiayaan Musyarakah                                                                                              Long-term
           jangka panjang              66.968         (2.485)                          -         64.483     Musyarakah financing
         Utang pembelian aset                                                                               Liability for purchase of
           tetap                         949           (540)                           6            415                fixed assets


                                                              2023
                                     Saldo                                                      Saldo
                                  1 Januari/                                                31 Desember/
                                 Balance as of    Arus Kas/            Lain-lain/           Balance as of
                                  January 1,     Cash Flows             Others              December 31,
         Utang bank jangka
           pendek                    421.109         (75.700)                       (338)        345.071      Short-term bank loans
         Pembiayaan Musyarakah                                                                                              Short-term
           jangka pendek                 300         11.550                         -             11.850    Musyarakah financing
         Utang lain-lain             331.052         35.231                   (95.526)           270.757               Other payables
         Utang pihak berelasi         26.266         (6.168)                     (294)            19.804      Due to related parties
         Utang bank jangka                                                                                                  Long-term
           panjang                   257.353          (4.942)                          -        252.411                   bank loan
         Pembiayaan Musyarakah                                                                                              Long-term
           jangka panjang              72.434         (5.466)                          -          66.968    Musyarakah financing
         Utang pembelian aset                                                                               Liability for purchase of
           tetap                        1.255          (306)                           -            949                fixed assets




                                                          140
Page 428
PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2024 DAN 2023                     DECEMBER 31, 2024 AND 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

50. STANDAR AKUNTANSI          KEUANGAN       YANG            50. FINANCIAL ACCOUNTING STANDARDS NOT YET
    BELUM DITERAPKAN                                              ADOPTED

   Ikatan Akuntan Indonesia (IAI) telah menerbitkan              The Indonesian Institute of Accountants (IAI) has
   Standar Akuntansi Keuangan yang belum berlaku                 issued Financial Accounting Standards that are not
   efektif untuk periode tahun buku yang dimulai pada            yet effective for annual periods beginning on
   tanggal 1 Januari 2025. Namun, penerapan dini                 January 1, 2025. However, earlier application is
   diperkenankan.                                                permitted.

   Pernyataan baru dan amendemen Standar Akuntansi               The new and amendments of Statements of
   Keuangan (PSAK) yang telah diterbitkan dan berlaku            Financial Accounting Standards (PSAK) issued and
   efektif untuk periode tahun buku yang dimulai pada            effective for annual periods beginning on or after
   atau setelah tanggal 1 Januari 2025 adalah sebagai            January 1, 2025 are as follows:
   berikut:
   - PSAK No. 117, “Kontrak Asuransi”;                            - PSAK No. 117, “Insurance Contracts”;
   - Amendemen PSAK No. 117, “Kontrak Asuransi”                   - Amendment to PSAK No. 117, “Insurance
      tentang Penerapan Awal PSAK No. 117 dan                       Contracts” regarding the Initial Application of
      PSAK No. 109 – Informasi Komparatif; dan                      PSAK No. 117 and PSAK No. 109 - Comparative
                                                                    Information; and
   - Amendemen     PSAK No. 221,           “Pengaruh              - Amendment to PSAK No. 221, “The Effect of
     Perubahan Kurs Valuta Asing”.                                  Changes in Foreign Exchange Rates”.

   Grup sedang mempelajari dampak yang mungkin                   The Group is evaluating the potential impact on the
   timbul dari penerapan SAK tersebut terhadap                   consolidated financial statements as a result of the
   laporan keuangan konsolidasian.                               adoption of such SAK.




                                                        141
Page 429

          
Page 430
2024              Laporan Tahunan
                  Annual Report




Stepping to
the Next Level




PT Bakrieland Development Tbk

Wisma Bakrie 1, 6th floor
Jl. HR Rasuna Sai Kav. B-1
Jakarta, Indonesia 12920

Telp : +6221 525 7835
Fax : +6221 522 5063
E-mail : corporate.info@bakrieland.com

File

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Published29 Apr 2025
Pages430
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Names mentioned 201 people and organisations named in the text · linked when the evidence is strong

linked org Bakrieland Development Tbk · Nama Perusahaan p.3 ×69
linked — KPD Simas Equity p.24 ×2
linked org Graha Andrasentra p.28 ×31
linked org PT Bukit Jonggol Asri. p.28 ×19
linked org Sentul City Tbk p.28 ×11
linked org PT Danatama Perkasa p.28 ×3
linked org Surya Global p.34 ×4
linked person Kanaka Puradiredja · Komisaris p.35 ×8
linked person Resza Adikreshna p.35 ×7
linked person Melky Aliandri p.35 ×5
linked person Bambang Irawan Hendradi · Presiden Komisaris p.38 ×7
linked org PT Bakrie Telecom p.41 ×9
linked org Bakrie Sumatera Plantations Tbk p.41 ×11
linked org Bank Danamon Indonesia Tbk p.45 ×5
linked org Ramayana Lestari Sentosa Tbk p.45 ×5
linked org PT Bakrie Capital p.49
linked org PT Bakrie Global Ventura p.134
linked org Bakrie Kalila p.134
possible org Negara Republik Indonesia p.24
possible org Bursa Efek Indonesia p.25 ×9
possible org Propertindo Tbk p.34 ×2
possible person Armansyah Yamin · Komisaris p.35 ×4
possible org Bumi Resources Tbk p.38 ×4
possible org PT Bakrie Capital Indonesia p.38 ×7
possible org Prasetio p.42 ×2
possible org PT Graha Adika Niaga p.134
unresolved person Comparison Between · Komisaris p.4
unresolved person Penilaian Komite Di Bawah · Komisaris p.5
unresolved person Kilas Kinerja Strategi Keberlanjutan · Komisaris p.5
unresolved org PT Provices Indonesia. p.15 ×14
unresolved org PT Provices p.15 ×5
unresolved org PT Provices Maintained ISO p.15
unresolved org PT Jasa Boga Raya p.16 ×18
unresolved org PT Jungeland Asia p.17
unresolved org PT Jungleland Asia p.17 ×9
unresolved org Committed Corporation p.21
unresolved org Interventures Capital Pte. Ltd p.24
unresolved person Akta Notaris John Leonard Waworuntu p.24 ×2
unresolved org Menteri Kehakiman Republik Indonesia p.24
unresolved org Minister of Justice p.24
unresolved org Indonesia Stock Exchange p.25 ×5
unresolved org PT Purilestari Indah p.26
unresolved org PT Purilestari Indah Pratama p.26
unresolved org PT Elang p.26 ×2
unresolved org Elang Realty Tbk. p.26 ×12
unresolved org PT Elang Realty Bakrieland p.26
unresolved org PT Catur Swasakti Utama p.28 ×6
unresolved org PT Bakrie Swasakti Utama p.28 ×34
unresolved org PT Puri Lestari Indah Pratama p.28
unresolved org PT Puri Lestari Indah p.28
unresolved org PT Lido Nirwana Parahyangan p.28
unresolved org PT Fusion Plus Indonesia p.28 ×2
unresolved org PT Lido Nirwana p.28
unresolved org Graha Andrasentra Propertindo Tbk p.28 ×50
unresolved org PT Mutiara Masyhur Sejahtera. p.28 ×11
unresolved org PT Bakrie Nirwana Semesta p.28 ×9
unresolved org Bali Nirwana Tbk p.28 ×2
unresolved org PT Gili Tirta Anugrah. p.28 ×2
unresolved org PT Bali Nirwana Resort. p.28 ×3
unresolved org PT Bukit p.28 ×2
unresolved org Graha Andrasentra Propertinddo Tbk p.28 ×2
unresolved org PT Samudera Asia Nasional. p.28 ×2
unresolved org PT Bakrie Toll Road p.29 ×2
unresolved org PT Bakrie Infrastructure p.29 ×2
unresolved org PT Semesta Marga Raya p.29 ×4
unresolved org PT Satria Cita p.29
unresolved org Pan Galactic Investment Ltd. p.29
unresolved org Transglobal Finance Ltd. p.29 ×2
unresolved org PT Satria Cita Perkasa p.29
unresolved org BLD Investment Pte. Ltd. p.29 ×2
unresolved org PT Riverton Group. p.29 ×2
unresolved org PT Bakrie Nirwana p.29
unresolved org PT Prima Bisnis Utama p.29 ×5
unresolved org PT Adiprotek Envirodunia. p.29 ×2
unresolved org PT Graha p.29
unresolved org Graha Andrasentra Propertindo Andrasentra Propertindo Tbk p.29 ×2
unresolved org Prima Bisnis Tbk p.29 ×2
unresolved org PT MMS p.29
unresolved org PT Graha Istana Nirwana p.29 ×4
unresolved person Aulia Taufani · Notaris p.31 ×2
unresolved person MKn p.31
unresolved org PT ProVices Indonesia Kawasan p.32
unresolved org PT Bakrie Pangripta Loka p.32 ×7
unresolved org PT Bakrie Swasakti Utama Kawasan p.32
unresolved org PT Krakatau Lampung Tourism Development p.33 ×9
unresolved org PT Graha Multi Insani Perusahaan p.33
unresolved org PT Mutiara Masyhur Sejahtera Pengembangan Township p.33
unresolved org PT Superwish Perkasa p.34 ×10
unresolved org PT Bumi Daya Makmur p.34 ×10
unresolved org PT Bakrie Pesona Rasuna p.34 ×8
unresolved org PT Graha Multi Insani p.34 ×10
unresolved org PT Rasuna Residence Development p.34 ×9
unresolved org PT Provices Karya Mandiri p.34 ×2
unresolved org PT Provices Lintas Mandiri p.34 ×2
unresolved org PT Provices Prima Mandiri p.34 ×2
unresolved org PT Provices Total Mandiri p.34 ×2
unresolved org PT Maju Makmur Sejahtera p.34 ×2
unresolved org PT Nugraha Adhikarsa Pratama p.34 ×2
unresolved org PT Inti Permata Sejati p.34 ×2
unresolved org PT Mitra Langgeng Sejahtera p.34 ×2
unresolved org PT Megah Djati Karya p.34 ×2
unresolved org PT Surya Global Nusantara p.34 ×3
unresolved org PT Andrasentra Properti Services p.34 ×2
unresolved org PT Citrasaudara Abadi p.34 ×4
unresolved org PT Bahana Sukma Sejahtera p.34 ×6
unresolved org PT Bakrie Nirwana Realty p.34 ×2
unresolved org PT Krakatau Lampung p.34
unresolved org PT Bumi Sentra Investama p.34 ×4
unresolved person Committee · President Director p.35 ×2
unresolved — IHGMA · Anggota p.36
unresolved person Susunan Keanggotaan · Komisaris p.37
unresolved person Annual GMS Resolution · Commissioner p.37
unresolved org PT Minarak Brantas Gas p.38 ×5
unresolved org PT Bakrie Finance Corporation p.38 ×2
unresolved org PT Bakrie Nusantara Corporation p.38 ×4
unresolved org PT Sanggraha Pelita Jaya p.38 ×2
unresolved org PT Pillar Abhimantra p.38
unresolved org PT Djarot p.38 ×6
unresolved org PT Anugerah Saraswati p.38 ×2
unresolved org PT Adirama p.38 ×2
unresolved org PT Indohero p.38 ×2
unresolved org PT Gaia Energi Baik p.38 ×2
unresolved org Yayasan Pendidikan Bakrie p.38
unresolved org PT Minarak Brantas Gs p.38
unresolved org PT Bakrie p.39 ×10
unresolved org Brothers Tbk p.39 ×8
unresolved org PT Arm p.39 ×2
unresolved org PT Asuransi Ikrar Lloyd p.39 ×2
unresolved org PT Bouraq Indonesia Airlines p.39 ×2
unresolved org Rehabilitasi dan Rekonstruksi Aceh p.40
unresolved org Pengurus Lembaga Concurrent Position p.40
unresolved person Concurrent Position · Komisaris p.40
unresolved org PT Bakrie Swasakti Utama Position History p.41
unresolved org PT Bakrie Power p.41 ×4
unresolved org PT Tanjung Jati Power p.41 ×2
unresolved org PT Satelit Palapa Indonesia p.41 ×2
unresolved org PT Sony Music Entertainment Indonesia p.41 ×2
unresolved org PT Motorola Indonesia Starpage Joint Venture p.41 ×2
unresolved org PT Philips Ralin Electronic p.41 ×8
unresolved org PT Krakatau Lampung Tourism Ambono Janurianto p.41
unresolved — Concurrently · Commissioner p.41
unresolved org PT Krakatau Lampung Tourism p.41 ×2
unresolved org PT Bahana Sukma Sejahtera Position History p.42 ×2
unresolved org PT Bakrie Nirwana Resort p.42 ×2
unresolved org PT DHS Engineering Consultant p.43 ×2
unresolved org Alatief Corporation p.43 ×2
unresolved org PT Bakrie Position History p.44
unresolved org Telecom Tbk p.44
unresolved org PT Intiland Group p.44 ×2
unresolved org PT Surya Global Nusantara Concurrent Position p.44
unresolved org PT Mahala Langgeng Abadi p.44 ×2
unresolved org PT Tatamasa Group p.44 ×2
unresolved person Administration p.45
unresolved person Business Administration p.45
unresolved org PT Colliers International p.45 ×2
unresolved org PT Premas International p.45 ×2
unresolved org PT Mutiara p.45
unresolved org PT Bakti Alter Purnabhayangkara p.45 ×2
unresolved org PT Primanaya Position History p.46
unresolved org PT Pacific Food Indonesia p.46 ×4
unresolved org PT Primanaya Jasa Boga p.46
unresolved org PT Rasuna Residence p.47
unresolved org Non NPWP Non-NPWP Limited p.50
unresolved org Yayasan p.50
unresolved org Kantor Akuntan Publik Public Accounting Firm Sesuai p.52
unresolved org Kantor Akuntan Publik Y. p.52
unresolved org Public Accounting Santosa dan Rekan p.52
unresolved person Tjiendradjaja Yamin p.52
unresolved org Y. Santosa dan Rekan p.52
unresolved person Aryanti Artisari p.53
unresolved org PT Kustodian Sentral Efek p.53
unresolved org Indonesia Y. Santosa dan Rekan p.53
unresolved org Financial Services Authority p.55
unresolved org Bakrieland Tbk p.59 ×5
unresolved org Development Tbk p.59 ×3
unresolved org Bank Indonesia p.68 ×4
unresolved org Perencanaan Pembangunan Nasional p.74
unresolved org Pusat Statistik p.75
unresolved org Ministry of Manpower p.85
unresolved org PT Arutmin Indonesia p.134
unresolved org PT Bakrie Indo Infrastructure p.134
unresolved org PT Fastmanajemen Properti p.134
unresolved org Long Haul Holding Ltd. p.134
unresolved org PT Rasuna Sentra Medika p.134
unresolved org PT Bakrie Kalila Investment p.134
unresolved org PT Petrocom Nuansa Nusantara p.134
unresolved org Minarak Labuan Co. Ltd. p.134
unresolved org PT Permata Sakti Mandiri p.134
unresolved org PT Pazkul Kahuripan Premiere p.134
unresolved org PT Sanggraha Pelita Development p.134
unresolved org PT Minarak Artha Raya p.134
unresolved org PT Lativi Media Karya p.134
unresolved org BUT EMP Bentu Limited p.134
unresolved org PT Multi Kontrol Nusantara p.134
unresolved org PT Persija Jaya p.134
unresolved org PT Persija Jakarta Property p.134
unresolved org PT Persija Jakarta Hebat p.134
unresolved person Meanwhile · Komisaris p.144
unresolved person Terdapat SK · Komisaris p.148 ×2
unresolved person Pedoman · Komisaris p.149
unresolved org PT Bakrieland Reports p.149

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