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2024 Annual Report PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
INTRODUCTION
The Annual Report of PT Mandiri Tunas Finance Year 2024 has been prepared as an integrated
report that presents historical performance in a broader context, including financial condition,
operational results, risk management, strategy, and future business projections. This report
aims to provide shareholders and other stakeholders with a comprehensive insight into Mandiri
Tunas Finance’s strategic objectives and the Company’s progress in creating sustainable value.
Prospective statements in this report are based on assumptions about current conditions and
potential future developments, as well as the dynamics of the business environment in which
Mandiri Tunas Finance conducts business. The Company cannot guarantee that all documents
that have been confirmed as valid in this report will result in achievements in accordance with
expectations.
In this report, the terms “Company”, “MTF”, and “Mandiri Tunas Finance” refer to PT Mandiri Tunas
Finance, which is engaged in providing financing services for motor vehicles, heavy equipment,
and other financing. For ease of presentation, the word “we” is also used in some sections to refer
to PT Mandiri Tunas Finance in general.
This Annual Report can be viewed and
downloaded from Mandiri Tunas Finance’s
official website at www.mtf.co.id.
ABOUT THE 2024 ANNUAL REPORT OF
PT MANDIRI TUNAS FINANCE
The 2024 Annual Report of PT Mandiri Tunas Finance has been prepared to enhance information
disclosure to relevant authorities and to serve as a source of comprehensive documentation of
the Company’s performance during the year. This report covers various aspects, including the
Company’s profile, operational performance, marketing strategy, and financial statements. In
addition, this report also presents an overview of key financial data over the past five years, the
Board of Directors and Board of Commissioners reports, as well as management’s analysis and
discussion of performance achievements compared to previous years. By adopting the concept
of best practices and the principles of Good Corporate Governance, this report provides a more
transparent picture of the Company’s prospects and strategic direction.
In addition to regulatory compliance, this Annual Report also aims to assist shareholders and
other stakeholders in understanding Mandiri Tunas Finance’s strategy and progress in creating
sustainable value. To that end, the content of this report includes aspects of corporate governance,
including its structure and processes, as well as a risk management system that describes the risk
profile and its mitigation efforts. To ensure accessibility and reader convenience, the 2024 Annual
Report is presented in two languages, Indonesian and English, in separate books with a clear
layout and optimal print quality.
2 PT Mandiri Tunas Finance
Annual Report 2024
Page 3
>> Introduction
THEME
EXPLANATION
AWAKENING A NEW SPIRIT
LEADING THE MARKET
Mandiri Tunas Finance recorded its best performance in 2024, marked by an increase in financing disbursements,
revenue, and profit for the year. This achievement reflects the great support from all stakeholders, as well as
being the foundation and driving energy for the Company in strengthening its position as a market leader in
the financing industry in Indonesia.
The Company’s best performance was supported by a series of strategic policies and initiatives that were
implemented consistently throughout 2024. These strategies include becoming a top player in all segments
as a market expansion strategy, maintaining sustainable profitability, and improving processes to enhance
service excellence.
Various concrete steps were taken by the Company to implement these strategic initiatives. In addition to
providing innovative, responsive, and customer-oriented services, the Company also utilizes digital technology
and a customer-centric strategy. More than that, the Company also continues to strive to provide real added
value, build customer trust, and create a superior and relevant service experience in the midst of increasingly
fierce competition.
The theme is also a motivation for all elements of PT Mandiri Tunas Finance to move forward with new energy,
overcome various challenges, and create opportunities to achieve competitive advantage. With consistent
synergy, dedication, and innovation, the Company is optimistic that it will be able to realize its mission of
“Becoming Your Trusted Financing Partner”, as well as becoming a market leader that excels in business
performance and has a positive impact on society and the financing industry as a whole.
PT Mandiri Tunas Finance
Annual Report 2024 3
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AWAKENING A NEW SPIRIT LEADING THE MARKET
THEME
CONTINUITY
2023 2022
GROWING STRONG SPURRING
AND SUSTAINABLE PERFORMANCE
Indonesia’s economy is gradually improving thanks to the In 2022, PT Mandiri Tunas Finance seeks to accelerate the
removal of the Government’s Restriction of Community improvement of performance that has been realized through
Activities (PPKM) policy in early 2023, which has resulted in a number of strategic initiatives, which are set under the
an increased public consumption. Indonesia’s multifinance theme “Elevate Business to The Next Level”. The principle of
industry is also growing fast, dominated by investment, working the initiative is an effort to achieve business performance
capital, and multipurpose financing. As one of the major players that is beyond what has been achieved so far.
in the financing industry, Mandiri Tunas Finance (MTF) prepares
itself to captivate the market and be the best. There are at least three initiatives being undertaken. First,
optimizing the captive market business by improving the
Through the strategy theme “Building New Foundation to collaboration model and synergizing with Bank Mandiri
Win the Market”, the Company is committed to building a through Mandiri Group referrals, both for individual and
new foundation in improving its performance in order to win corporate customers.
the market. The main foundation of the strategy theme is
the development of the Company’s internal conditions as a Second, to encourage the acceleration of dealership-based
foundation for its growth. business, which is the Company’s main business activity. To
date, dealers are the Company’s main partners for channeling
There are 3 strategic initiatives that have been carried out financing to customers.
to achieve excellent performance, namely Growing captive
business segments originating from Bank Mandiri; Maintaining Third, business diversification and database optimization
business segments originating from dealers and partners; and through multipurpose financing and fintech channeling. The
Optimizing databases to provide added value to customers. focus of this strategy is to make a positive contribution. To
In addition to these strategic initiatives, the Company’s support the strategy, the Company expanded its marketing
operational development is also carried out in several aspects. network by developing telemarketing teams and agents.
One of these aspects is digital transformation, which brings The strategic initiatives that have been realized have proven
changes to customer behavior. The MTF Mobile facility is the to have a positive impact on the Company’s performance,
Company’s digitalization program aimed to serve existing as shown in its better growth. The Company believes these
customers with payments, repayments, insurance claims, results will continue to grow in the future.
and other financing-related needs so as to improve the
motor vehicle financing business while maintaining good
financing quality.
The entire strategy is carried out optimally to realize MTF’s
vision and mission of becoming Your Trusted Financing Partner,
which can provide fast and easy reliable services to customers.
4 PT Mandiri Tunas Finance
Annual Report 2024
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>> Introduction
COMPANY
LOGO MEANING
Mandiri Tunas Finance’s brand identity consists of a symbol, logotype, colors, and a tagline. In simple
terms, each item can be explained as follows:
Logo Shape with Lowercase Letters Dark Blue Logotype
The use of lowercase letters signifies a friendly attitude The color blue symbolizes a sense of comfort, calm, and
towards all business segments entered by Mandiri Tunas soothing, as well as noble heritage, stability, respect, and
Finance and shows a great desire to humbly serve all reliability. Furthermore, it symbolizes professionalism,
customers (customer centric). strong foundation, loyalty, trustworthiness, and high honor.
Liquid Gold Waveform Gold Yellow (Orange-ish Yellow)
The liquid waveform is a symbol of financial wealth in Asia The color gold signifies majesty, glory, prosperity, and wealth.
that emphasizes agility, progressiveness, forward-looking, It symbolizes liveliness, creativity, festivity, friendliness, fun,
excellence, flexibility, and resilience in all future challenges and comfort.
PT Mandiri Tunas Finance
Annual Report 2024 5
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AWAKENING A NEW SPIRIT LEADING THE MARKET
BEST
ACHIEVEMENT 2024
REVENUE TOTAL
ASSETS
+ +
16.67 %
15.80 %
5,579,315 34,425,455
million rupiah million rupiah
PROFIT FOR NEW FINANCING
THE YEAR CONTRACT VALUE
+ +
0.95 %
7.31 %
1,172,082 35,089,629
million rupiah million rupiah
6 PT Mandiri Tunas Finance
Annual Report 2024
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>> Introduction
NPL BOPO
+ +
1.05 %
60.28 %
DIVIDENDS GCG SCORE ON CGPI
score
2023
225,064 2023
83.1
milion rupiah
score
348,330 84.01
2024 2024
milion rupiah
PT Mandiri Tunas Finance
Annual Report 2024 7
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AWAKENING A NEW SPIRIT LEADING THE MARKET
TABLE Shareholder Structure and Composition 94
OF CONTENTS
Information on Mandiri Tunas Finance Share
94
Ownership by Key Management
Chronology of Share Issuance 98
Chronology of Other Securities Issuance 99
Introduction 2 Information on Group Structure and Business Groups,
Subsidiaries, Associate Entities, Joint Ventures (JV), and 100
About the 2024 Annual Report of PT Mandiri Tunas Finance 2
Special Purpose Vehicles (SPV)
Theme Explanation 3
Public Accountant 101
Theme Continuity 4
Other Services and KAP/Public Accountant Fees in 2024
Company Logo Meaning 5
Supporting Institutions and Professions 102
Best Achievement 2024 6
Company Website 104
Table of Contents 8
Operational Area 106
Satellite Office Address
2024 PERFORMANCE Awards and Certifications
Summary of Key Financial Data 12
Operation Overview 18 MANAGEMENT ANALYSIS &
DISCUSSION BUSINESS
Share Overview 18
Overview of the National and Global Economies in 2024 116
Information on Corporate Actions 19
Operating Review by Business Segment 120
Stock Dividend 19
Analysis of Business Segment Performance Based on
Overview of Bonds, Sukuk, or Convertible Bonds 20 128
Geographical Information
Awards and Certifications 21
Financial Review 130
Key Events 24
Cash Flow Statement
The Company’s Ability in Efficiency and Profitability 136
MANAGEMENT REPORT Ability to Pay Debt
Commissioners’ Report 36 Financing Facilities and Receivables Collectibility 139
Directors’ Report 42 Capital Structure and Management Policy on Capital Structure 142
Statement of Members of the Board of Commissioners on the Material Ties for Capital Investment 143
Responsibility for PT Mandiri Tunas Finance Annual Report for 52 Capital Goods Investment Realization 144
the Financial Year 2024
Impact of Foreign Exchange Rate 144
Statement of Board of Directors on the Responsibility for PT
Mandiri Tunas Finance Annual Report for the Financial Year 53 Material Information and Facts that Occurred After the
144
2024 Date of the Accountant’s Report
Comparison between Target and Realization,
145
and One-Year Forward Projection
COMPANY PROFILE
One-Year Forward Projection 145
General Information and Company Identity 58 Business Outlook and Projected Performance in 2025 146
Brief Company History 59 Dividend Policy and Distribution
Milestones 64 Tax Payment Compliance 147
Corporate Vision, Mission, Values and Culture 66 Employee and/or Management Share Ownership Program 148
Line of Business and Products and Services 68 Material Information Regarding Investment, Expansion,
Membership in Associations 69 Divestment, Business Merger/Consolidation, Acquisition, 148
Debt/Capital Restructuring
Organization Structure 70
Realization of the Use of Proceeds from Public Offering 149
Board of Commissioners Profile 73
Employee and/or Management Share Ownership Program 150
Board of Directors Profile 77
Financial Information Containing Extraordinary
Executive Officer (Chief) Profile 80 154
and Rare Events
Head of Division and/or Equivalent Position 84 Spot and Derivative Transactions 154
Employee Demographics 86 Changes in Laws and Regulations to the Company in the
154
Education and/or Training of the Board of Commissioners, Last Financial Year
Directors, Committees, Company Secretary, Internal Audit, and 89 Changes in Accounting Policies Applied by the Company in
Risk Management 155
the Last Financial Year
8 PT Mandiri Tunas Finance
Annual Report 2024
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>> Introduction
Internal Control System 280
Business Continuity Information 156
Important Matters 282
Company Health Level 157
Sanksi Administrasi 283
CORPORATE GOVERNANCE Information Technology Governance 284
Code of Conduct 288
Commitment to Good Corporate Governance 160
Gratification Control 290
Basis and Commitment of Corporate Governance
161
Implementation Anti-Corruption Policy 291
Structure and Governance Process/Mechanism 166 Pelaporan Pelanggaran (Whistleblowing System) 292
Socialization and Internalization of Good Corporate Information on Funding for Political Activities 294
168
Governance
Goods and Services Procurement Policy 294
Development of Good Corporate Governance
168 Compliance with the Financing Company Governance
Implementation and Appreciation in the Year 2024
Guidelines: Compliance with OJK Regulation No. 29/
Assessment: Evaluation, Monitoring, and Improvement of POJK.05/2020 on the Amendment to OJK Regulation No. 301
168
Good Corporate Governance Implementation 30/POJK.05/2014 on Good Corporate Governance for
Financing Companies
Organ Structure of Good Corporate Governance 173
General Meeting of Shareholders (GMS)
CORPORATE SOCIAL AND
Board of Commissioners 182 ENVIRONMENTAL RESPONSIBILITY
Board of Directors 190 Basis for the Implementation of CSR 315
Transparency of Information about the Board of Scope of CSR 315
195
Commissioners and Directors
Principles of CSR 315
Performance Assessment of the Board of Commissioners
196 Pillars of CSR 316
and Directors
Nomination of Board of Commissioners and Directors 198 CSR Program Strategy 316
Remuneration of Board of Commissioners and Directors 200 CSR Management Structure 316
Board of Commissioners and Directors Meetings 203 Achievements of CSR in 2024 317
Disclosure of Affiliation between Board of Directors, CSR Highlights of 2024 317
Board of Commissioners, and Major and/or Controlling 210 Information on Submission of Separate Sustainability Reports 318
Shareholders
Disclosure of Concurrent Position of Board of
211
Commissioners and Directors FINANCIAL REPORT
Disclosure of Share Ownership of the Board of
213
Commissioners and Directors
Supporting Organs of the Board of Commissioners 214
Supporting Organs of the Board of Directors 233
Company Information Publication 248
Monthly Financial Report of Financing Company 248
Obligation to Submit Foreign Exchange Debt Data 249
Relationship Building Activities with Mass Media 249
Management of Access to Company Information and Data 250
Website Management 250
Customer Service 256
Company Social Network 256
Mobile Application 256
Media Relations 256
Annual Report 256
Information Governance and Access to Company Data
257
for Internal Affairs
Risk Management Function 258
Internal Audit 262
Risk Management System 270
External Auditor/Public Accountant 277
PT Mandiri Tunas Finance
Annual Report 2024 9
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Page 11
2024
PERFORMANCE
01
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AWAKENING A NEW SPIRIT LEADING THE MARKET
SUMMARY OF
KEY FINANCIAL DATA
PROFIT (LOSS) AND OTHER COMPREHENSIVE INCOME
In millions of Rupiah, unless otherwise stated
Description 2024 2023 2022 2021 2020
Revenue
Consumer Financing 3,453,490 3,000,350 2,437,004 2,081,742 1,638,507
Finance Lease 678,704 652,751 565,529 461,973 339,446
Factoring 438 909 9,715 16,637 20,471
Bank Deposits 17,473 17,134 15,163 11,597 23,054
Other Net 1,429,210 1,110,824 917,741* 824,379* 562,939*
Total Revenue 5,579,315 4,781,968* 3,945,152* 3,396,328* 2,584,417*
Expenses
Financial Expenses (1,913,946) (1,510,165) (1,249,572) (1,220,816) (1,290,857)
Salary and Benefits (775,231) (802,194) (823,406) (567,134) (490,707)
General and Administration (413,178) (349,836) (327,436) (357,084) (369,882)
Allowance for Impairment Losses
Consumer Financing (885,498) (726,080) (501,203) (799,678) (732,861)
Finance Lease (83,288) (7,651) (49,601) (71,292) (36,923)
Factoring (14,874) 9,057 (11,063) (430) (278)
Other Receivables 10,867 96,127 (18,877) (70,543) (33,119)
Total Expenses (4,075,148) (3.290,742)* (2,981,158) (3,086,977) (2,954,627)
Profit Before Final Tax Expense and Income Tax 1,504,167 1,491,226 963,994 309,351 (370,210)
Income Tax
Final Tax Expense (3,495) (3,427) (3,033) (2,319) (4,611)
Profit Before Income Tax Expense 1,500,672 1,487,799 960,961 307,032 (374,821)
Income Tax Expense (328,590) (326,698) (210,748) (61,152) (74,832)
Profit for the Year 1,172,082 1,161,101 750,213 245,880 (299,989)
Attributable to Owners of the Parent Entity 1,172,082 1,161,101 750,213 245,880 (299,989)
Attributable to Non-Controlling Shareholders - - - - -
Other Comprehensive Income - After Tax 11,010 798 (3.067) 37,435 20.094
Total Comprehensive Income for the Year 1,183,092 1,161,899 747,146 283,315 (279,895)
Attributable to Owners of the Parent Entity 1,183,092 1,161,899 747,146 283,315 (279,895)
Attributable to Non-Controlling Shareholders - - - - -
Basic Earnings Per Share (Full Rupiah Value) 469 464 300 98 (120)
*) Presented again
12 PT Mandiri Tunas Finance
Annual Report 2024
Page 13
>> 2024 Performance
01
Revenue Profit for the Year
(Rp million) (Rp million)
5,579,315
4,781,968
3,396,328
2,584,417
1,172,082
1,161,101
750,213
245,880
(299,989)
3,945,152
2024 2023 2022 2021 2020 2024 2023 2022 2021 2020
Total Comprehensive Income
Basic Earnings per Share for the Year
(Rp million) (Rp million)
1.183.092
1.161.899
747.146
283.315
(279.895)
469
464
300
98
(120)
2024 2023 2022 2021 2020 2024 2023 2022 2021 2020
PT Mandiri Tunas Finance
Annual Report 2024 13
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AWAKENING A NEW SPIRIT LEADING THE MARKET
BALANCE SHEET
In millions of Rupiah, unless otherwise stated
Description 2024 2023 2022 2021 2020
ASSETS
Cash and Cash Equivalents
Cash 7,999 18,194 13,602 7,748 11,182
Cash in Bank
Third Party 1,209 1,495 15,553 28,989 167,672
Related Party 1,282,952 832,451 811,281 203,645 170,949
1,292,160 852,140 840,436 240,382 349,803
Consumer Financing Receivables
Third Party 27,154,596 22,698,175 16,666,569 13,209,267 14,106,400
Related Party 41,346 11,542 7,846 7,287 6,831
Sub Amount 27,195,942 22,709,717 16,674,415 13,216,554 14,113,231
Deducted: Allowance for Impairment Losses (476,763) (347,894) (333,578) (327,003) (301,708)
26,719,179 22,361,823 16,340,837 12,889,551 13,811,523
Finance Lease Receivables
Third Party 5,495,587 5,416,865 5,782,025 4,784,845 3,580,405
Deducted: Allowance for Impairment Losses (100,429) (69,293) (138,679) (129,789) (92,737)
5,395,158 5,347,572 5,643,346 4,655,056 3,487,668
Factoring
Third Party 34,748 35,758 42,469 153,232 165,847
Deducted: Allowance for Impairment Losses (15,310) (436) (9,493) (930) (500)
19,438 35,322 32,976 152,302 165,347
Other Receivables
Third Party 164,173 119,669 89,923 75,047 93,773
Related Party 369,541 547,483 499,942 463,294 335,454
Sub Amount 533,714 667,152 589,865 538,341 429,227
Deducted: Allowance for Impairment Losses (33,431) (44,298) (140,425) (121,548) (51,005)
500,283 622,854 449,440 416,793 378,222
Deferred Tax Assets 84,726 100,789 116,452 77,750 136,099
Derivative Receivables 45,008 28,933 24,534 273 1,072
Fixed Assets 278,475 283,625 219,763 197,081 191,273
Other Assets
Third Party 90,202 93,432 60,931 81,856 103,710
Related Party 826 902 251 100 -
TOTAL ASSETS 34,425,455 29,727,392 23,728,966 18,711,144 18,624,717
14 PT Mandiri Tunas Finance
Annual Report 2024
Page 15
>> 2024 Performance
01
Description 2024 2023 2022 2021 2020
LIABILITIES
Accounts Payable 604,208 1,017,137 702,291 601,051 499,376
Other Payables
Third Party 160,830 190,916 199,930 183,547 221,763
Related Party 51,626 56,805 100,736 125,026 98,648
Current Tax Payable 112,491 112,000 125,498 7,506 -
Accrued Expenses
Third Party 238,398 257,626 308,087 189,374 179,965
Related Party 9,543 4,472 3,535 3,333 3,186
Bank Loan
Third Party 15,677,665 15,242,400 12,748,612 7,794,675 9,267,985
Related Party 5,835,461 2,891,252 1,944,839 1,795,735 1,207,074
21,513,126 18,133,652 14,693,451 9,590,410 10,475,059
Unamortized Provision Expense (36,930) (36,937) (31,564) (25,056) (31,584)
21,476,196 18,096,715 14,661,887 9,565,354 10,443,475
Securities Issued
Third Party 6,050,795 5,252,750* 3,876,405 4,877,850 3,992,000
Related Party 644,000 443,000* 468,500 621,000 886,000
6,694,795 5,695,750 4,344,905 5,498,850 4,878,000
Unamortized Emission Expense (12,870) (8,235) (5,668) (6,164) (7,445)
6,681,925 5,687,515 4,339,237 5,492,686 4,870,555
Derivative Debt 12,654 - - - 64.738
Employee Benefits Liability 213,162 274,546 194,940 148,413 131,472
TOTAL LIABILITIES 29,561,033 25,697,732 20,636,141 16,316,290 16,513,178
EQUITY
Share Capital
Paid-up Capital 250,000 250,000 250,000 250,000 250,000
Other Comprehensive Income:
Remeasurement of Employee Benefits Liability -
(7,155) (38,390) (30,198) (32,593) (37,623)
Net
Cumulative Gain/(Loss) on Derivative Instruments
(17,423) 2,802 (6,188) (726) (33,131)
for Cash Flow Hedging - Net
Profit Balance
Pre-determined Usage 50,000 50,000 50,000 50,000 50,000
Undetermined Usage 4,589,000 3,765,248 2,829,211 2,128,173 1,882,293
TOTAL EQUITY 4,864,422 4,029,660 3,092,825 2,394,854 2,111,539
TOTAL LIABILITIES AND EQUITY 34,425,455 29,727,392 23,728,966 18,711,144 18,624,717
PT Mandiri Tunas Finance
Annual Report 2024 15
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Total Assets Total Liabilities
(Rp million) (Rp million)
34,425,455
29,727,392
23,728,966
18,711,144
18,624,717
29,561,033
25,697,732
20,636,141
16,316,290
16,513,178
2024 2023 2022 2021 2020 2024 2023 2022 2021 2020
Cash and Cash
Total Equity Equivalents at End of Year
(Rp million) (Rp million)
1,292,160
852,140
840,436
240,382
349,803
4,864,422
4,029,660
3,092,825
2,394,854
2,111,539
2024 2023 2022 2021 2020 2024 2023 2022 2021 2020
16 PT Mandiri Tunas Finance
Annual Report 2024
Page 17
>> 2024 Performance
01
CASH FLOW
In millions of Rupiah, unless otherwise stated
Description 2024 2023 2022 2021 2020
Cash Flow from Operational Activities (3,443,243) (4,420,498) (3,190,177) 225,754 (810,228)
Cash Flow from Investment Activities (65,844) (118,954) (65,272) (28,439) (49,726)
Cash Flow from Financing Activities 3,949,107 4,551,156 3,855,503 (306,736) 788,222
Net Increase (Decrease) in Cash and Cash
440,020 11,704 600,054 (109,421) (71,732)
Equivalents
Cash and Cash Equivalents at the Beginning
852,140 840,436 240,382 349,803 421,535
of the Year
Cash and Cash Equivalents at End of the Year 1,292,160 852,140 840,436 240,382 349,803
FINANCIAL RATIOS
In percent, unless otherwise stated
Description Satuan 2024 2023 2022 2021 2020
PROFITABILITY
Return on Assets % 3.65 4.34 3.54 1.33 (1.66)
Return on Assets* % 4.36 5.00 4.05 1.65 (1.99)
Return on Average Assets* % 4.69 5.58 4.54 1.67 (2.05)
Return on Equity % 24.09 28.81 24.26 10.27 (14.21)
Return on Average Equity % 26.36 32.60 27.34 10.67 (12.45)
Total Revenue/Total Assets % 16.21 16,09* 16.63* 18.15* 13.88*
Profit Before Income Tax/Revenue % 26.96 31.18* 24.43* 9.11* (14.32)*
Net Profit After Tax for the
% 21.01 24.28* 19.02* 7.24* (11.61)*
Year/Revenue
Cost Efficiency Ratio % 32.26 34.34 43.08 48.99 72.26
Current Ratio (times) 1,24 1.09* 1.32 1.04 1.03
EARNING ASSETS
Net Financing Receivables Under (Rp-
60,642,783 53,061,308 45,122,742 39,733,077 41,622,865
Management million)
(Rp-
Joint Financing Receivables 27,916,505 24,898,967 22,623,833 21,578,445 23,763,382
million)
Outstanding Receivables Under
% 1.05 0.70 0.72 0.97 0.78
Management
LIQUIDITY
Total Liabilities/Total Assets (Times) 0.86 0.86 0.87 0.87 0.89
Total Liabilities/Total Equity (Times) 6,08 6,38 6,67 6,81 7,82
Interest-bearing Debt/Total Equity** (Times) 5,79 5,90 6,14 6,29 7,25
Description
*) Using profit before tax calculation
**) Gearing ratio
PT Mandiri Tunas Finance
Annual Report 2024 17
Page 18
AWAKENING A NEW SPIRIT LEADING THE MARKET
OPERATION
OVERVIEW
Description 2024 2023 2022 2021 2020
NEW CONTRACT UNITS BY FINANCING TYPE (UNITS)
New Car 83,987 86,927 81,265 69,864 59,126
Used Car 25,873 28,166 21,608 15,149 9,422
Motorcycle 437 378 322 390 550
Others 1,489 6,400 35,895 8,721 679
Total 111,786 121,871 139,090 94,124 69,777
FINANCING CONTRACT VALUE BY FINANCING TYPE (RP MILLION)
New Car 25,582,763 25,493,390 21,710,535 16,354,599 14,371,629
Used Car 5,524,591 5,158,873 3,533,624 2,552,178 1,546,224
Motorcycle 69,887 47,561 33,470 34,330 33,920
Others 3,912,388 1,998,078 2,491,634 1,679,457 787,783
Total 35,089,629 32,697,903 27,769,264 20,620,564 16,739,556
ORGANIZATION OVERVIEW
Number of Customers 348,202 338,579 256,192 259,463 277,981
Number of Branches 125 124 99 100 101
Total Human Resources 3,384 3,328 3,306 3,236 3,395
SHARE
OVERVIEW
Until the end of 2024, MTF did not issue its shares to be owned by the public or by management or employees.
Thus, there is no information related to share trading that contains:
1. Market capitalization based on the price on the Stock Exchange where the shares are listed;
2. The highest, lowest, and closing share prices based on the prices on the Stock Exchange where the shares are
listed;
3. Stock trading volume on the stock exchange where the stock is listed;
4. Information in the form of a graph containing at least the closing price based on the price on the Stock
Exchange where the shares are listed and the volume of share trading on the Stock Exchange where the
shares are listed for each quarterly period in the last 2 (two) financial years; and
5. Information on temporary suspension of share trading in the last 2 (two) years.
The total number of shares of the Company is 2,500,000,000 shares, with 1,275,000,000 shares or 51.00%
owned by PT Bank Mandiri (Persero) Tbk and 1,225,000,000 shares or 49.00% owned by PT Tunas Ridean.
18 PT Mandiri Tunas Finance
Annual Report 2024
Page 19
>> 2024 Performance
01
INFORMATION
CORPORATE ACTIONS
Throughout 2024, MTF did not carry out corporate actions such as stock splits, reverse stock mergers, bonus shares,
or a decrease in the nominal value of shares.
STOCK
DIVIDEND
Based on the Resolution of the Shareholders Outside the General Meeting of Shareholders to convene the Annual
General Meeting of Shareholders of PT Mandiri Tunas Finance for the Financial Year 2023 (Circular Resolution)
which has been ratified and signed by the Shareholders of the Company on 28 June 2024, the Shareholders
decided as follows:
1. Approve and determine the use of the Company’s Net Income for the financial year 2023 amounting to
Rp1,161,100,986,270 (one trillion one hundred sixty one billion one hundred million nine hundred eighty six
thousand two hundred seventy Rupiah) as follows:
a. 30% (thirty percent) of the Company’s net profit or Rp348,330,295,881 (three hundred forty-eight billion
three hundred thirty million two hundred ninety-five thousand eight hundred eighty-one Rupiah) is
designated as dividend of the Company.
b. 70% (seventy percent) of the Company’s net profit or Rp812,770,690,389 (eight hundred twelve billion seven
hundred seventy million six hundred ninety thousand three hundred eighty nine Rupiah) shall be determined
as retained earnings of the Company.
2. Granting authority and power to the Board of Directors of The Company to regulate the procedure for the
allocation of the Company’s net profit mentioned above in accordance with applicable laws and regulations.
Dividend Payment in 2024 (Share Dividend Payment in 2023 (Share
Subject
Dividend for Financial Year 2023) Dividend for Financial Year 2022)
Total Dividends Distributed (Rp) 348,330,295,881 225,063,981,999
Cash Dividend per Share (Rp) 139.33 90.03
Dividend Distribution Ratio (%) 30% 30%
Announcement Date 28 June 2024 28 June 2023
Payment Date 10 July 2024 6 July 2023
PT Mandiri Tunas Finance
Annual Report 2024 19
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AWAKENING A NEW SPIRIT LEADING THE MARKET
OVERVIEW OF BONDS, SUKUK,
OR CONVERTIBLE BONDS
BONDS
In 2024, the Company issued Public Offering of Continuous Bonds VI phase III of 2024, and Public Offering of Continuous
Bonds VI phase IV of 2024. The following is a table of bonds that are still circulating and still in outstanding status as
of 31 December 2024. All bonds issued by the Company are carried out through the Indonesia Stock Exchange (IDX).
Other than the bonds below, the Company does not issue any securities in other forms.
Interest Tempo
Total Interest Date of
Year Name of Bond Rating Payment Due Date Status
(Rp Million) Rate Issuance
Frequency
2020 Continuous Bonds V idAA+ 386,000 8.60% p.a Quarterly 13 August 13 August Active/
MTF Phase I Series B 2020 2025 Outstanding
2021 Continuous Bonds V idAA+ 915,150 7.00% p.a Quarterly 20 May 2021 20 May Active/
MTF Phase II Series A 2024 Outstanding
Continuous Bonds V idAA+ 485,700 7.65% p.a Quarterly 20 May 2021 20 May Active/
MTF Phase II Series B 2026 Outstanding
2022 Continuous Bonds V idAA+ 851,440 5.90% p.a Quarterly 23 February 23 Februari Active/
MTF Phase III Series A 2022 2025 Outstanding
Continuous Bonds V idAA+ 376.615 6.75% p.a Quarterly 23 February 23 Februari Active/
MTF Phase III Series B 2022 2027 Outstanding
2023 Continuous Bonds VI idAAA 439,660 6.00% p.a Quarterly 11 July 2023 11 July Active/
MTF Phase I Series A 2026 Outstanding
Continuous Bonds VI idAAA 252,075 6.25% p.a Quarterly 11 July 2023 11 July Active/
MTF Phase I Series B 2028 Outstanding
Continuous Bonds VI idAAA 804,175 6.50% p.a Quarterly 27 September 27 Active/
MTF Phase II Series A 2023 September Outstanding
2026
Continuous Bonds VI idAAA 326,935 6.75% p.a Quarterly 27 September 27 Active/
MTF Phase II Series B 2023 September Outstanding
2028
2024 Continuous Bonds VI idAAA 81,590 7.00% p.a Quarterly 28 May 2024 28 May Active/
MTF phase III Series A 2027 Outstanding
Continuous Bonds VI idAAA 1,081,495 7.25% p.a Quarterly 28 May 2024 28 May Active/
MTF phase III Series B 2029 Outstanding
Continuous Bonds VI idAAA 423,735 6.70% p.a Quarterly 19 November 19 November Active/
MTF phase IV Series A 2024 2027 Outstanding
Continuous Bonds VI idAAA 1,185,375 6.85% p.a Quarterly 19 November 19 November Active/
MTF phase IV Series B 2024 2029 Outstanding
20 PT Mandiri Tunas Finance
Annual Report 2024
Page 21
>> 2024 Performance
01
AWARDS
AND CERTIFICATION
AWARDS
MANDIRI SUBSIDIARIES AWARD 2023 TOP DIGITAL CORPORATE BRAND AWARD 2024
The Best Efficiency Improvement of the Year 2023 Success in Building Digital Corporate
Brand Success in Building a Digital Corporate Brand
Award Date Organizer Award Date Organizer
23 February 2024 Bank Mandiri 28 March 2024 Info Ekonomi & Tras n Co
INDONESIA DIGITAL INNOVATION AWARDS 2024 CORPORATE SECRETARY CHAMPION 2024
The Most Innovative Multifinance for Digital Acceleration to Winner of Corporate Secretary Champion 2024
Support Business Operation Effectivity and Efficiency Predicate: Good
Award Date Organizer Award Date Organizer
28 March 2024 Warta Ekonomi 30 March 2024 SWA Media
BUMN ENTREPRENEURIAL MARKETING AWARDS 2024 INDONESIA FINANCIAL TOP LEADER AWARDS 2024
The Most Promising Company Best Leader for Organizational and Digital Transformation
in Tactical Marketing to Realize Performance Recovery
(Category: SOE Subsidary) (Category: Multifinance, Total Assets 10T–30T)
Award Date Organizer Award Date Organizer
15 May 2024 Marketeers 16 May 2024 Warta Ekonomi
MARKETEERS YOUTH CHOICE AWARD 2024 BISNIS INDONESIA AWARDS 2024
Innovative Promotion to Gen Z The Most Improved Digital Brand and Marketing Innovation
Award Date Organizer Award Date Organizer
16 May 2024 Marketeers 13 June 2024 Bisnis Indonesia
PT Mandiri Tunas Finance
Annual Report 2024 21
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AWAKENING A NEW SPIRIT LEADING THE MARKET
MARKETEERS SUSTAINABLE MARKETING 20TH INFOBANK MULTIFINANCE
EXCELLENCE AWARD 2024 AWARD 2024
PT Mandiri Tunas Finance - The Excellent Performance Multifinance Company
Green Financing Program of The Year 2024 (Asset >Rp10 trillion)
Award Date Organizer Award Date Organizer
3 July 2024 Marketeers 26 July 2024 Infobank
JAWA POS 7 MOST POPULAR MARKETEERS EDITOR’S
BRAND OF THE YEAR 2024 CHOICE AWARD 2024
Finance (Multifinance) Omnichannel Marketing Campaign of The Year
Award Date Organizer Award Date Organizer
3 September 2024 Jawa Pos 12 September 2024 Marketeers
INDONESIA BEST MULTIFINANCE THE ASIAN POST THE BEST
AWARDS 2024 STATE OWNED ENTERPRISE (SOE) 2024
Indonesia Best Multifinance 2024 for Providing Financing The Best State Owned Enterprise (SOE) 2024
Solutions Convenience for Total Asset 10 T - 30 T category for Excellent Financial Performance 2023 category
Award Date Organizer Award Date Organizer
26 September 2024 Warta Ekonomi 3 October 2024 The Asian Post
INDONESIA CUSTOMER SERVICE QUALITY TOP HUMAN CAPITAL
AWARDS 2024 AWARDS 2024
“Very Good” Pinohadi G. Sumardi as The Most Committed Top Leader on
Car Financing Category Human Capital 2024 dan PT Mandiri Tunas Finance as
Top Human Capital Awards 2024 # Star 4
Award Date Organizer Award Date Organizer
9 October 2024 SWA Media dan Business Digest 30 October 2024 Top Business
22 PT Mandiri Tunas Finance
Annual Report 2024
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>> 2024 Performance
01
INDONESIA GOOD CORPORATE GOVERNANCE TOP 100 CEO AND 200
AWARD 2024 FUTURE LEADERS FORUM 2024
PT Mandiri Tunas Finance as Trusted Company Based on Pinohadi G. Sumardi as Top 100 CEO 2024 and William Francis
Corporate Governance Perception Index (CGPI) Indra as The 200 Future Leaders 2024
Award Date Organizer Award Date Organizer
25 November 2024 IICG (The Indonesian Institute 29 November 2024 Infobank
for Corporate Governance)
TOP DIGITAL AWARDS 2024 BUMN AWARDS 2024
Mandiri Tunas Finance as Top Digital Awards 2024 The Excellent in Customer-
#Star 5 and William Francis Indra as Top Leader on Centric Digital Innovation
Digital Implementation 2024
Award Date Organizer Award Date Organizer
5 December 2024 IT Works 5 December 2024 iNews
CERTIFICATION
ANTI-BRIBERY MANAGEMENT SYSTEM INFORMATION SECURITY MANAGEMENT SYSTEM
(SMAP) ISO 37001 : 2016 (SMKI) ISO 27001 : 2022
Validity Period Validity Period
Until February 2028 Until May 2026
Authority/Publisher Authority/Publisher
PT TUV NORD Indonesia PT TUV SUD Indonesia
PT Mandiri Tunas Finance
Annual Report 2024 23
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AWAKENING A NEW SPIRIT LEADING THE MARKET
KEY
EVENTS
6 February 2024 6 February 2024
PT Mandiri Tunas Finance Head Office, Jakarta PT Mandiri Tunas Finance Head Office, Jakarta
Celebration and Tumpeng Feast for Mandiri Mandiri Tunas Finance’s 15th Anniversary
Tunas Finance’s 15th Anniversary Special Blood Donation Day
Mandiri Tunas Finance (MTF) celebrated MTF’s 15th To support others and reduce the risk of disease, MTF
Anniversary by cutting tumpeng and praying together at organized a CSR Blood Donation activity in a special edition
the 3A FloorHall, Graha Mandiri, Jakarta, on February 6, of MTF’s 15th Anniversary at MTF Head Office, Graha Mandiri,
2024. The celebration was also attended by MTF’s Board of Jakarta. Donors are open to the public as well as MTF
Commissioners and Bank Mandiri representatives to pray for employees, where this activity succeeded in collecting 100
the Company to continue to grow and create goodness for its blood bags that can be utilized by those who are entitled
customers. through the Indonesian Red Cross.
15 - 25 February 2024 19 February 2024
Jakarta International Expo Kemayoran, Jakarta Menara Mandiri Ballroom, Jakarta
Indonesia International MTF 2024 National Work Meeting and MTF
Motor Show (IIMS) 2024 15th Anniversary Celebration
MTF as a local credit company also enlivened IIMS 2024. MTF 2024 National Work Meeting (Rakernas) was attended
Coinciding with the celebration of MTF’s 15th anniversary, MTF by the Board of Commissioners, Board of Directors, Division
is here to provide various attractive promos and programs at Heads, Regional Heads, Deputy Regional Heads, Deputy
IIMS 2024. With MTF’s special promos and programs at IIMS Division Heads, Department Heads, and MTF Branch Heads
2024, people can be more enthusiastic about getting their throughout Indonesia held at Menara Mandiri Ballroom,
dream car with competitive prices and fast & easy service. Jakarta. The Rakernas was closed with MTF’s 15th
The Company will always present special programs and Anniversary Celebration which was attended by all MTF
become your trusted Financing Company according to our employees.
commitment. #ToBeYourTrustedFinancingPartner.
24 PT Mandiri Tunas Finance
Annual Report 2024
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>> 2024 Performance
01
23 February 2024 25 March 2024
Bandung Heroca Ballroom Graha Mandiri, Jakarta
Award: Ramadan Study and Iftar with Mandiri Tunas
Mandiri Subsidiaries Award 2023 Finance 1445 H
MTF’s brilliant performance in 2023 by making a profit of The activities of the month of Ramadan 1445 H in MTF are
Rp 1.16 trillion, up 54.8% from the previous year, as well as marked by the organization of Ramadan Study and Breaking
a cost efficiency ratio of 34.34% which decreased by 11.40% the Fast Together 1445 H. The activity agenda contains
from 2022 won an award at the Mandiri Subsidiaries Awards Talkshow Ramadan themed “Towards the Blessing of Life by
2023 as The Best Efficiency Improvement of the Year 2023. Interpreting the True Meaning of Sustenance” with Ustadz
The management would like to thank Bank Mandiri for the Sholeh Mahmud face-to-face which was attended by all
appreciation given to MTF and hopes that the award will Head Office employees. The implementation of the study
further motivate the Company to improve performance and was closed by breaking the fast with MTF directly through
make various achievements in the following years. the distribution of Iftar Gifts and Ramadan Kits to all MTF
employees in the Head Office and Fleet.
25 March 2024 1 April 2024
Heroca Ballroom Graha Mandiri, Jakarta Jalan Imam Bonjol, Menteng, Jakarta
Sharing with Orphans with Mandiri Tunas Sharing Takjil with Mandiri Tunas Finance
Finance Officers Ramadan 2024
In the blessed month of Ramadan, MTF conducted a Sharing MTF CSR activities in the framework of Ramadan 1445 H with
with Orphans program from Yayasan Nurul Iman Jafariah by the theme “Let’s Spread Kindness in This Blessed Month”
distributing compensation funds, food packages, and school by distributing iftar food to motorists and pedestrians
supplies to 20 orphans. Through this activity, the Company along Jalan Imam Bonjol in front of Graha Mandiri Building,
is committed not only to business continuity, but also to its Jakarta. Through this activity, the Company invites
responsibility to the community through CSR programs by employees to share happiness with others in the blessed
sharing with those in need. month of Ramadan.
PT Mandiri Tunas Finance
Annual Report 2024 25
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AWAKENING A NEW SPIRIT LEADING THE MARKET
22 April 2024 6 May 2024
PT Mandiri Tunas Finance Head Office, Jakarta Seribu Rasa Restaurant, Jakarta
MTF Mengajar on National Consumer Day: Halalbihalal with
Critical Consumers, Smart Transactions Editor-in-Chief and Media
Carrying the theme “Smart Critical Consumer Transactions”, With the theme “Stringing together Gatherings
MTF through the celebration of National Consumer Day 2024 Strengthening Collaboration”, MTF held a Halalbihalal
invites consumers to understand the importance of knowing event with Chief Editors and representatives from leading
the contents of the agreement contract, understand national media in Indonesia. This event is a routine agenda
consumer responsibility in the suitability of submitting to strengthen the relationship after the month of Ramadan
personal data and invites consumers to be able to critically as well as to strengthen the relationship with MTF’s partners,
recognize their rights in transactions. MTF National especially Chief Editors and media partners. The Company
Consumer Day 2024 is enlivened with various activities, such realizes that the media plays an important rotle in gathering
as the display of electric car units which aims to introduce and distributing information massively and accurately. MTF
environmentally friendly vehicles to the public and support as a business entity is committed to establishing good
the Government’s program to achieve the Net Zero Emission communication and interaction with the community to
(NZE) target by 2060. There are also literacy activities in the create various positive collaborative activities.
form of Talkshow on “Smart Critical Consumer Transactions”
in collaboration with BPKN-RI.
Work Visit of the Board of Commissioners of
PT Bank Mandiri (Persero) Tbk to the Head
Office of PT Mandiri Tunas Finance
The Board of Commissioners and Committee of PT Bank
Mandiri (Persero) Tbk. conducted a working visit to MTF as
one of the Company’s subsidiaries, to discuss and monitor
the performance of subsidiaries so that they can score
brilliant performance again like the previous year. On the
basis of success in the previous fiscal year (2023), MTF
won an award in the Mandiri Subsidiaries Awards 2023 as
The Best Efficiency Improvement of the Year 2023. MTF
is determined to score another brilliant performance in
the following years by focusing on market expansion
8 May 2024
PT Mandiri Tunas Finance Head Office, Jakarta strategies, maintaining sustainable profitability, and
improving service excellence.
26 PT Mandiri Tunas Finance
Annual Report 2024
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>> 2024 Performance
01
Fun Sport Goat League
Mandiri Tunas Finance
With the theme A Symphony of Collaboration, Liga Kambing
MTF 2024 is a friendly league between Cash Aja Mandiri
Tunas Finance and MTF business partners that is expected to
enhance better collaboration in the future. Followed by 700
participants from business partners, this league competes
for the grand prize of a premium quality goat, and other fun
awards with a total prize of millions of rupiah. The purpose
12 May 2024
Asiop Training Ground Sentul, Bogor of this event is also to provide opportunities for local food
SMEs to expand their market, thanks to Cash Aja Mandiri
Tunas Finance which provides a variety of food tenants for
all participants and spectators to enjoy. In addition, this
league also provides excitement and new experiences in the
midst of the vibrant spirit of Indonesian football in the world
arena, as well as strengthening Cash Aja MTF’s collaboration
with business partners.
15 May 2024 16 May 2024
Grand Atrium Kota Kasablanka, Jakarta Kota Kasablanka, Jakarta
Award: Award:
SOE Entrepreneurial Marketing Award 2024 Marketeers Youth Choice Award
2024
MTF received an award in the BUMN Entrepreneurial Marketing MTF received an award in the Markeeters Youth Choice
Award (BEMA) 2024 as The Most Promising Company in Award (YCA) 2024 as Innovative Promotion To Gen Z. This
Tactical Marketing in the category of BUMN subsidiaries. This award was given to MTF because it was considered to have
award also makes the Company as a State-Owned Enterprise creativity, innovation, entrepreneurship and leadership
entity that supports the holding company, in this case Bank that successfully supported the Company’s business
Mandiri, as one of the banks with the best tactical marketing development. This award is an important capital for the
in Indonesia Company to continue to provide the best work for the best
service for the community
PT Mandiri Tunas Finance
Annual Report 2024 27
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AWAKENING A NEW SPIRIT LEADING THE MARKET
16 May 2024 4 - 6 June 2024
The Sultan Hotel & Residence, Jakarta The Westin Hotel, Jakarta
Award: Indonesia
Indonesia Financial Top Leader Awards 2024 Miner 2024
MTF President Director, Pinohadi G. Sumardi was awarded The Indonesia Miner 2024 event also received participation
as Best Leader for Organizational and Digital Transformation from MTF as a form of the Company’s active role in
to Realize Performance Recovery in the Multifinance Total technology innovation exhibitions and conferences by
Asset 10T - 30T category at the Indonesia Financial Top supporting mining industry players from the accommodation
Leader Awards 2024. This award was given for his success side, namely heavy equipment procurement. With this
in the field of digital acceleration to build a business in the participation, MTF can interact between delegates to
midst of an era of disruption where the Company needs to expand the Company’s business network with mining
adapt and innovate, especially in terms of preparing for the industry players throughout the country.
economy.
17 June 2024 30 June 2024
Griya Mandiri Mampang, Jakarta Prambanan Temple, Sleman, Yogyakarta
Slaughtering of Sacrificial Animals MTF Participation in Mandiri
on Eid al-Adha 1445 AH Jogja Marathon 2024
Celebrating the warmth of Eid al-Adha 1445 Hijri, MTF MTF as one of Bank Mandiri’s subsidiaries also supports the
slaughtered 970 kg of sacrificial animals and distributed the Mandiri Jogja Marathon 2024 event as a form of Mandiri
meat to the poor in the Jabodetabek area. Through a program Group’s neat collaboration. Marathon participants and
titled “Spread Blessings and Care for Others by Sacrificing” the general public can also visit the MTF booth for the
with Bank Mandiri and Mandiri Amal Insani (MAI), MTF makes opportunity to get various attractive prizes by participating
the moment of Eid al-Adha a step of commitment in making in the games provided. Fun spinwheel and superheroes
a positive contribution to society and blessings for all MTF icons are also presented by MTF specifically for Mandiri
Management and employees. Jogja Marathon 2024
28 PT Mandiri Tunas Finance
Annual Report 2024
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>> 2024 Performance
01
6-13 July 2024 26 July 2024
Soemantri Brodjonegoro Sports Center, Jakarta Hotel Indonesia Kempinski, Jakarta
MTF Participation in Award:
APPI Sports Week 2024 Indonesia Multifinance Award 2024
MTF as one of the members of the Indonesian Finance MTF was again awarded for its excellent financial
Company Association (APPI) actively participated in the performance in 2023 in the form of appreciation and Non-
POR APPI 2024 activities. Opened with a 5K Fun Run, Bank Financial Institution Award 2024 from Infobank with
MTF participated in Futsal, Tennis, Basketball, and other the title “The Excellent Performance Multifinance Company
competitions. MTF has again maintained its throne as Tennis (Asset > Rp 10 trillion)” which was assessed based on profit,
Champion since 2017 until 2024. This achievement is a financial ratios and asset quality. This award is MTF’s
prestigious thing for the Company outside of business and commitment to provide the best contribution to all parties
can be a means of well-being fair for MTF employees. in achieving the Company’s performance.
16-17 August 2024 23 August 2024
MTF Customer Experience Lounge Graha Mandiri, Jakarta Plaza Mandiri, Jakarta
MTF Officers’ Celebration of the 79th MTF Participation in Bank Mandiri Sports and
Independence of the Republic of Indonesia Arts Week 2024
As a symbol of a nation that is great from the struggle, MTF also In enlivening the Porseni Bank Mandiri 2024 event, MTF
held the 79th Independence Day celebration of the Republic as a subsidiary and participant of the activity participated
of Indonesia with special red and white competitions with all in the activity which opened with the Contingent Defille
MTF head office employees. These competitions include Tug agenda and Opening Ceremony. MTF also sent its best
of War, Sarung Race, Magic Carpet, and Treasure Hunt, where athlete contingent in 12 sports and arts that were held in 2
the competitions arouse employee enthusiasm in interpreting months of activities. MTF won the Idol Competition and Golf
independence and solidarity among each other. In addition Competition and received appreciation from Bank Mandiri
to various competitions, the 79th Indonesian Independence and MTF Management. This achievement is the Company’s
Day celebration also held an online independence ceremony initiation in creating healthy human resources and having a
which was attended by Management and all managerial level healthy competition spirit in various things.
employees up MTF throughout Indonesia.
PT Mandiri Tunas Finance
Annual Report 2024 29
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AWAKENING A NEW SPIRIT LEADING THE MARKET
3 September 2024 4 September 2024
Balai Kartini, Jakarta PT Mandiri Tunas Finance Head Office, Jakarta
Award: MTF’s celebration of
Jawa Pos 7 Most Popular Brand National Customer Day 2024
of The Year 2024
MTF made an achievement by winning the award as the 7th In commemorating National Customer Day 2024, MTF held
Most Popular Brand Of The Year 2024 from Jawa Pos in the a series of activities to give appreciation to customers, with
Finance Category (Multifinance). This award was given to the theme “Artificial Intelligence (AI) Makes Customer Service
MTF as an appreciation for maintaining its brand to be top of More Responsive & Personalized”. In addition to holding an
mind awareness among consumers. electric car display unit to support the Government in its
Net Zero Emission (NZE) target by 2060, MTF also organized
literacy activities, namely the advantages of electric cars with
Artificial Intelligence (AI) technology and literacy of vehicle
financing products “How to Credit Electric Cars Quickly &
Easily”. In order to improve service quality, MTF also held
a service webinar entitled “Creating Customer Excellence
Experience in the AI Era”.
11 - 14 September 2024 12 September 2024
Jakarta International Expo Kemayoran, Jakarta The Djakarta Theater Ballroom, Jakarta
Indonesia Energy & Award:
Engineering Series 2024 Marketeers Editor’s Choice Award 2024
MTF participated in the Indonesia Miner 2024 event as a In order to strengthen branding, MTF never stops providing
form of the Company’s active role in technology innovation its slick innovations. Evidently, for the umpteenth time MTF
exhibition and conference by supporting mining industry made an achievement where it was named the winner of the
players from the accommodation side, namely heavy prestigious Marketeers Editor’s Choice Award 2024 with the
equipment procurement. With this participation, MTF can Omnichannel Marketing Campaign of the Year category. This
interact between delegates, allowing them to expand the award was given to MTF as an appreciation for successfully
Company’s business network with mining industry players implementing marketing strategies with creativity, actively
throughout the country. building innovation & customer engagement, to releasing
impactful products and services that have an impact on a
better customer journey.
30 PT Mandiri Tunas Finance
Annual Report 2024
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>> 2024 Performance
01
26 September 2024 3 October 2024
The Sultan Hotel & Residence, Jakarta Shangri-La Hotel, Jakarta
Award: Award:
Indonesia Best Multifinance Awards 2024 The Asian Post Best State-Owned Enterprise
Subsidiary 2024
MTF was recognized for its excellent business performance MTF was awarded as “The Best State-Owned Enterprise
in the Indonesia Best Multifinance Awards 2024 from Warta Subsidiary 2024” in The Asian Post Best State-Owned
Ekonomi with the title “Indonesia Best Multifinance 2024 Enterprise 2024 award ceremony organized by The Asian
for Providing Financing Solutions Convenience” in the Post. This appreciation was given for its excellent financial
Total Assets 10-30 Trillion category. This award is MTF’s performance during 2023. This award was also obtained by
commitment to provide financing solutions to the people of the Company thanks to the trust of the Indonesian people
Indonesia easily and quickly. to MTF in organizing good and reliable financing solutions.
5 October 2024 11 - 13 October 2024
Jakarta International Stadium, Jakarta Gaia Bumi Raya City Mall, Kubu Raya
MTF Participation in APPI Multifinance Day
Mandiri Carnival 2024 2024
In the framework of Bank Mandiri’s 26th Anniversary, MTF MTF participated in Multifinance Day 2024 as a form of the
participated in Mandiri Carnival 2024 activities by opening Company’s active role in the implementation of financing
a booth with special interesting games and also issuing literacy and education. This is in line with the fulfillment
special Bank Mandiri Anniversary promos. MTF also provides of the obligation of financial education and inclusion
various supports in the Mandiri Carnival event as a form of activities in accordance with POJK No. 3 of 2023 concerning
positive contribution of subsidiaries to Mandiri Group. Increasing Financial Literacy & Inclusion in the Financial
Services Sector for Consumers and Society.
PT Mandiri Tunas Finance
Annual Report 2024 31
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AWAKENING A NEW SPIRIT LEADING THE MARKET
17 October 2024 30 October 2024
Sedayu PIK Golf, Jakarta Raffles Hotel, Jakarta
Award:
MTF Golf Tournament 2024
Top Human Capital Awards 2024
As a form of collaboration with holding companies and MTF received an award as Top Human Capital Awards 2024
partners, MTF held the MTF Golf Tournament 2024, a joint from TopBusiness. The Company received recognition in the
sporting event to improve synergy between companies. Top Human Capital Awards 2024 #Star 4 category. In addition,
This activity also invited representatives of Shareholders, the President Director of Mandiri Tunas Finance, Pinohadi G.
Dealers, and Associations. With the golf tournament Sumardi also received an award as The Most Committed Top
event hosted by MTF, the Company hopes to grow brilliant Leader on Human Capital 2024.
performance and establish harmonious relationships
between business lines.
1 - 15 November 2024 20 November 2024
All Mandiri Tunas Finance Work Units Bunda Mulia University, Jakarta
MTF Mengajar:
Anti-Fraud Kick-Off
Goes to Campus Bunda Mulia University
In an effort to strengthen the company’s integrity and create MTF Teaching was again held by Mandiri Tunas Finance in
a transparent work environment, an Anti-Fraud Kick Off event 2024 to students majoring in Digital Business at Bunda
with the theme “Commit to Integrity, Combat Fraud Together” Mulia University, Jakarta. The discussion related to “Building
was held. The event aimed to educate all employees on the Resilience in Financial Services through AI-Driven Project
importance of commitment to integrity and the steps that Management” became the focus of MTF Mengajar delivered
need to be taken to prevent and overcome fraud in the work by William Francis Indra as Director of Mandiri Tunas Finance
environment. The main target of this event is all employees face-to-face at Bunda Mulia University.
who are expected to better understand the impact of fraud and
how to prevent it. Employees are reminded to always maintain
commitment to integrity values in every action. By holding this
event, employees are expected to have a better understanding
of fraud risks, have a more vigilant attitude towards potential
fraud, and be committed to applying the principles of
integrity in their work. In addition, this event is also expected
to strengthen the sense of community in fighting fraud and
creating a safer and more trusted work environment.
32 PT Mandiri Tunas Finance
Annual Report 2024
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>> 2024 Performance
01
25 November 2024 29 November 2024
Shangri-La Hotel, Jakarta Grand Ballroom Ritz-Carlton, Jakarta
Award: Indonesia Trusted Company based on Award:
Corporate Governance Perception Top 100 CEO dan Top 200
Index (CGPI) 2024 Future Leaders 2024
MTF was again awarded the CGPI 2024 at the Indonesia Good MTF once again received 2 (two) awards at the Infobank
Corporate Governance Award 2024 event organized by SWA Top 100 CEO & The 200 Future Leaders Forum 2024 event
Media together with IICG in the category of Trusted Company organized by Infobank. MTF President Director Pinohadi G.
Based on Corporate Governance Perception Index (CGPI). This Sumardi received an award as Top 100 CEO 2024. Meanwhile,
is a clear proof of MTF’s dedication in building stakeholder Mandiri Tunas Finance Director William Francis Indra was
trust and maintaining business integrity. MTF will continue to awarded The 200 Future Leaders Forum 2024.
improve its good corporate governance practices and provide
added value to all stakeholders.
5 December 2024 13 December 2024
Sheraton Hotel Gandaria, Jakarta Udayana University, Denpasar
APPI 2024 Achievement MTF Mengajar:
Scholarship Award Goes to Campus Universitas Udayana
MTF as one of the members of the Association of Indonesian MTF held MTF Teaching towards the end of 2024 to students
Finance Companies (APPI) is a concern of the association of the Faculty of Economics and Business, Udayana
towards its employees. As an annual routine agenda, APPI University, Denpasar. The discussion related to “Getting to
provides APPI Achievement Scholarships to outstanding Know Financing Companies in the Digital Era” became the
employees or children of employees at the high school/ focus of MTF Teaching delivered by Pinohadi G. Sumardi as
equivalent level and/or Higher Education. In 2024, one President Director of MTF face-to-face at Udayana University.
MTF employee’s child is entitled to receive an achievement
scholarship for one full year to support achievement in their
educational institution.
PT Mandiri Tunas Finance
Annual Report 2024 33
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MANAGEMENT
REPORT
02
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AWAKENING A NEW SPIRIT LEADING THE MARKET
REPORT OF THE BOARD
OF COMMISSIONERS
RICO
ADISURJA
SETIAWAN
RICO ADISURJA
SETIAWAN
President Commissioner
36 PT Mandiri Tunas Finance
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The targets set by the Board of Directors have been balanced with
adequate risk management strategies. We provide oversight and
ensure the Company achieves its targets, while maintaining the
reputation and trust of stakeholders.
DEAR SHAREHOLDERS
AND STAKEHOLDERS,
On behalf of the Board of Commissioners of PT Mandiri position to provide optimal added value to all
Tunas Finance, we begin this report by expressing stakeholders.
gratitude to God Almighty for the Company’s positive
performance achievements in 2024. In addition to In this report, we provide a brief overview of the Board
reflecting resilience in the face of various challenges, of Directors’ performance and the implementation of
this achievement is the result of hard work, dedication, strategies undertaken during the year. In addition,
and the synergy of all Mandiri Tunas Finance people we provide an assessment of the business prospects
in implementing the strategies and strategic policies prepared by the Board of Directors, as well as our
that have been prepared by Management. We are views on implementing Good Corporate Governance
committed to continuously driving performance (GCG) principles throughout 2024.
improvements and strengthening the Company’s
PT Mandiri Tunas Finance
Annual Report 2024 37
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AWAKENING A NEW SPIRIT LEADING THE MARKET
ASSESSMENT OF THE BOARD OF COMMISSIONERS ON and work programs, demonstrating consistency and
THE PERFORMANCE OF THE BOARD OF DIRECTORS accuracy in its implementation, as well as alignment
In assessing the performance of the Board of Directors, with the Board of Directors.
the Board of Commissioners at least ensures the
achievement of the Key Performance Indicators (KPIs) BOARD OF COMMISSIONERS’ VIEW ON THE
set by the Shareholders. The KPIs of the Board of COMPANY’S TARGETS
Directors are divided into four perspectives as follows: The Board of Commissioners assesses that the
1. Financial Perspective, including Net Income, PPOP targets set by the Board of Directors in the 2024
(Pre-Provision Operating Profit), Return on Equity Annual Business Plan (RBT) reflect realistic
(ROE) and Gearing Ratio expectations and are in line with the Company’s
2. Customer Perspective, including overall financing vision to strengthen its position in the financial
distribution target as well as Bank Mandiri’s Captive industry. The targets set by the Company have been
Customers designed considering the dynamics and projections
3. Internal Business Process Perspective, including of Indonesia’s economic growth in 2024, as presented
strategic targets such as Finance at Risk, CKPN by various credible economic institutions at both the
to Finance at Risk (FAR Coverage), Cost of Credit national and global levels.
(CoC), Cost-to-Income Ratio (%)—CER, Percentage
of Fulfillment of minimum IT Requirement, and We are also confident that the 2024 target has been
Percentage of Fulfillment of minimum Mandiri balanced with adequate risk management strategies,
Subsidiary Management Principles Guideline particularly in the face of potential challenges
(MSMPG).4. Development Perspective, including such as interest rate fluctuations and regulatory
the implementation of project development for changes. The Board of Commissioners will continue
Bank Mandiri’s digital and service ecosystem to provide oversight and support for the effective
(Project Sydney) and a study of the B2B and B2B2C implementation of these strategies, ensuring that the
automotive business (%) Company not only achieves its financial targets but
also maintains its reputation and stakeholder trust.
Nevertheless, the Board of Commissioners also
considered the development of external conditions We are optimistic that with strong commitment
faced by Management. This is because the and cooperation between the Board of Directors,
achievement of the set targets will still be influenced Management, and all Mandiri Tunas Finance
by the development of external conditions that occur personnel, these targets can be realized in 2024 with
throughout the financial year. maximum results.
Overall, the Board of Commissioners assessed that As presented in the audited balance sheet by the
the Board of Directors’ performance in 2024 was Public Accounting Firm, some of the targets set for
optimal, with all aspects of the assessment achieving RBT Year 2024 have been successfully achieved by
a score of up to 100.87%. Thus, the Board of Directors’ Mandiri Tunas Finance. For example, as of December
performance during the reporting year can be 31, 2024, the Company recorded revenue of Rp 5.58
categorized as in accordance with the target. trillion, or 100.74% of the target of Rp 5.54 trillion.
The realization of total assets in 2024 was recorded
In particular, the Board of Commissioners expresses its at IDR 34.43 trillion or 102.71% of the target of
appreciation for the Board of Directors’ performance IDR 33.52 trillion. The net profit for the year was
in managing the Company well, in line with its vision recorded at IDR 1.17 trillion, an increase of IDR 10.98
and mission. We assess that management has been billion (0.95%) compared to the 2023 achievement
in line with the previously set strategic direction of IDR 1.16 trillion
38 PT Mandiri Tunas Finance
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SUPERVISORY FUNCTION OF THE BOARD OF Mandiri Tunas Finance’s success in recording new
COMMISSIONERS AND WORKING RELATIONSHIP financing of Rp35.09 trillion and profit of Rp1.17
WITH THE BOARD OF DIRECTORS, AND SUPERVISION trillion certainly deserves appreciation. Moreover, the
OF THE FORMULATION AND IMPLEMENTATION OF Company was also able to grow by 16.63% with an NPF
THE COMPANY’S STRATEGY (Non-Performing Financing) rate of 2.70%.
In accordance with Financial Services Authority
Regulation No. 30/POJK.05/2014 on Good Corporate Regarding these achievements, in addition to
Governance for Finance Companies, which was later emphasizing the importance of maximizing
amended by OJK Regulation No. 29/POJK.05/2020, the achievement of new financing growth, the
the Board of Commissioners is mandated to supervise evaluation given by the Board of Commissioners is
the Board of Directors in maintaining a balance of the need for management to continue to focus on
interests among all parties. Therefore, the Board maintaining quality.
of Commissioners is closely involved in providing
direction to the Board of Directors on preparing the OUTLOOK ON THE COMPANY’S BUSINESS PROSPECTS
Company’s work plan. In 2024, Mandiri Tunas Finance recorded a reasonably
good performance. This was reflected in the
In conducting supervision, the Board of Commissioners Company’s performance in recording the realization
and the Board of Directors have a joint meeting forum of lending of Rp35 trillion, up Rp2.32 trillion or 7.10%
to discuss various agendas concerning work plans, compared to 2023, with the realization of Rp32.69
operations, business results, and strategic issues trillion; profit for the year of Rp1.17 trillion, up Rp10.98
that require the Board of Commissioners’ approval. billion or 0.95% compared to the year 2023, with the
This meeting serves as a coordination point to realization of Rp1.16 trillion; while the gearing ratio of
discuss the Board of Directors’ periodic reports and 5.79 times improved compared to the year 2023, with
provide responses, notes, and advice as outlined in the realization of 5.90 times.
the meeting minutes.
With these achievements, the Board of
Throughout 2024, the Joint Meeting between the Commissioners believes that the business prospects
Board of Commissioners and the Board of Directors prepared by the Board of Directors have been well
was held 8 (eight) times. The direction given by the received. The Board of Commissioners has the same
Board of Commissioners at each joint meeting of the confidence in the Company’s aspiration to become
Board of Commissioners and the Board of Directors “the Market Leader”, where there is a projection of
is for management to focus on financial performance economic strengthening in 2025. Moreover, there is
every month, so that the Company can achieve a decrease in the BI rate, which will affect financing
lending and profit targets by 2024, while continuing interest rates and also serve as a stimulus for people
to maintain financing quality. In addition, the Board of to use vehicle financing products.
Commissioners also provides direction regarding the
maintenance of AR loss, the value of the Coverage To achieve this, the Board of Commissioners fully
Ratio, and the value of CKPN. supports the strategic plan prepared by the Board of
Directors, with the theme “Energizing the Foundation:
Based on the results of the supervision carried out, Be The Market Leader,” for 2024. The theme suggests
the Board of Commissioners is of the view that the that the Company will build on the new foundation
Board of Directors has performed its duties and roles established in the previous year with more energy
effectively. This can be seen from the formulation and enthusiasm, so that Mandiri Tunas Finance
to the implementation of the company’s strategies. can become a leader in the Financing Industry. In
While slowing national economic growth in 2024, achieving these goals and targets, the Company has
PT Mandiri Tunas Finance
Annual Report 2024 39
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AWAKENING A NEW SPIRIT LEADING THE MARKET
three pillars of strategy: Market Expansion, Thriving ASSESSMENT OF COMMITTEES UNDER THE BOARD
in Profit, and Fast Services, which have been OF COMMISSIONERS
consistently implemented during the reporting year. Three committees support the Board of
Commissioners in carrying out its supervisory
VIEW ON CORPORATE GOVERNANCE function: the Audit Committee, the Nomination and
The Board of Commissioners believes that Mandiri Remuneration Committee, and the Risk Monitoring
Tunas Finance is firmly committed to implementing Committee. Throughout the year, all committees have
the principles of good corporate governance (GCG). performed their duties and responsibilities optimally,
The Company views GCG as the foundation for contributing significantly to the effectiveness of the
creating sustainable added value for the interests of Board of Commissioners’ supervision.
investors, shareholders, the community at large, and Evaluation of committee performance is based on
other stakeholders in the short and long term. various criteria, such as the frequency and conduct of
meetings, attendance levels, member competencies,
The Board of Commissioners assesses that performance achievements, and the quality of
management has endeavored to fulfill the provisions recommendations produced.
of the Financial Services Authority Regulation No. 48 • The Audit Committee plays a role in monitoring and
of 2024 concerning Good Governance for Financing evaluating the implementation of internal audits,
Companies. Management has made adjustments to including follow-up on audit findings as part of
internal provisions to bring them into line with current improvement efforts. The committee also reviews
regulatory provisions. One form of governance the Company’s financial statements and submits
implementation, the Company has conducted essential findings to the Board of Commissioners
organizational development by adding the Anti-Fraud for follow-up.
Work Unit and the Personal Data Protection function. • The Nomination and Remuneration Committee
evaluates the remuneration policy, which includes
For its consistency in implementing GCG principles, salary, honorarium, benefits (such as medical,
the Board of Commissioners is also proud that health, loan facility, etc.), and tenure for the Board
Mandiri Tunas Finance won the Indonesia Good of Directors and Board of Commissioners, as well
Corporate Governance Award 2024 in the category as other additional benefits, including employee
of Trusted Company Based on Corporate Governance health insurance.
Perception Index (CGPI) with a score of 84.01, in • The Risk Monitoring Committee identifies and
an event organized by The Indonesian Institute for analyzes potential risks related to financing,
Corporate Governance (IICG) in collaboration with operations, credit, and market dynamics. It also
SWA Magazine. Participation includes companies evaluates new policies and regulations that could
from Issuers, State-Owned Enterprises (BUMN), affect the company’s business activities.
Regional-Owned Enterprises (BUMD), Banking,
Sharia Banking, and Non-Bank Financial Industry To measure the performance of the Audit Committee,
(IKNB). The 2024 score is better than the 2023 Risk Monitoring Committee, and Nomination and
achievement of 83.1. Remuneration Committee, the Board of Commissioners,
who also serve as the chairman of each committee,
40 PT Mandiri Tunas Finance
Annual Report 2024
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are required to hold regular committee meetings in APPRECIATION
accordance with applicable regulations. The results of Finally, on behalf of the Board of Commissioners,
the committee meetings are then further discussed I would like to express our deepest gratitude to
in the Board of Commissioners Meeting, which serves the Board of Directors and all employees for their
as a basis for providing direction and carrying out dedication and hard work, which resulted in Mandiri
supervisory functions to the Board of Directors. Tunas Finance’s best performance in 2024. We also
want to express our appreciation and gratitude to
CHANGES IN THE COMPOSITION OF THE BOARD OF our shareholders and all stakeholders for their trust,
COMMISSIONERS loyalty, and unwavering support, which have enabled
In 2024, the composition of the Board of Commissioners the Company to continue growing and thriving amidst
changed by not extending the term of office of Mr. various challenges.
Totok Priyambodo as Commissioner of the Company
as of the Extraordinary GMS on June 05, 2024. Thus, We hope to establish harmonious relationships and
the composition of the Board of Commissioners as of cooperation with the Board of Directors, Management,
December 31, 2024, is as follows: and all stakeholders as the foundation for Mandiri
Rico Adisurja Setiawan : President Commissioner Tunas Finance to achieve better and sustainable
Saptari : Commissioner business performance and growth.
Fendy Eventius Mugni : Independent Commissioner
Subarna : Independent Commissioner
Jakarta, April 2025
On behalf of the Board of Commissioners of PT Mandiri Tunas Finance
RICO ADISURJA
SETIAWAN
President Commissioner
PT Mandiri Tunas Finance
Annual Report 2024 41
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AWAKENING A NEW SPIRIT LEADING THE MARKET
REPORT OF THE BOARD
OF DIRECTORS
PINOHADI G.
SUMARDI
PINOHADI G.
SUMARDI
President Director
42 PT Mandiri Tunas Finance
Annual Report 2024
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In 2024, PT Mandiri Tunas Finance strengthened its
resilience by recording an increase in the value of new
financing, revenue, and net profit for the year compared
to the previous year.
DEAR SHAREHOLDERS AND STAKEHOLDERS,
Praise be to God Almighty for His will. PT Mandiri ECONOMIC AND FINANCING INDUSTRY OVERVIEW
Tunas Finance managed to record a proud Global economic growth in 2024 will slow down
performance in 2024. This achievement is even compared to 2023. Referring to the World Economic
more meaningful because it was achieved when the Outlook Update report released by the International
national economic growth slowed down compared Monetary Fund (IMF) in January 2025, global
to the previous year. The success of Mandiri Tunas economic growth is projected at 3.2% (YoY) for 2024,
Finance cannot be separated from the support of or a slowdown compared to 2023 with growth of 3.3%
the Board of Commissioners and all stakeholders (YoY). Several factors, including tighter monetary
throughout the reporting year. Through this Annual policies in developed countries and continued
Report, we comprehensively convey the strategic geopolitical uncertainty, cause the slowdown. The
plans and policies, implementation, obstacles, global inflation rate is projected to reach 5.7%, down
solutions, and the best performance achievements from 6.7% in 2023.
of Mandiri Tunas Finance.
PT Mandiri Tunas Finance
Annual Report 2024 43
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Amid the global economic slowdown, the economies The Financial Services Authority (OJK) said that the
of some of Indonesia’s major trading partners national Financing Companies were maintained.
continued to grow. Singapore grew 4.0% compared However, they experienced a slight decline in quality.
to the previous year, with 1.1% growth; Malaysia grew The Non-Performing Financing (NPF) ratio was
5.1% (2023: 3.6%), and South Korea grew 2.0% (2023: recorded at 2.71%, up 0.17% from 2.54% in November
1.4%). Meanwhile, China’s economy grew by 5.0%, 2023. The gearing ratio decreased to 2.30 times
slowing down compared to 2023, with growth of from 2.21 times and was below the maximum limit
5.4%. The same trend occurred with the United States of 10 times.
economy, where in 2024 it grew by 2.8%, slowing
down compared to 2023 with growth of 2.9%. Specifically, the Indonesian Automotive Industry
Association (Gaikindo) conveyed the impact of the
Economic growth also slowed in Indonesia. Data economic slowdown. From January to December
from the Central Statistics Agency (BPS) show that 2024, total car sales by wholesalers were recorded
the country’s economy grew by 5.03% in 2024, at 865,723 units, or down 13.9% year-on-year (yoy)
compared to 5.05% in 2023. This achievement is from the same period in 2023, when sales were
lower than the growth target of 5.2% in the 2024 1,005,802 units. Retail sales also fell 10.9% yoy to
State Budget (APBN). 889,680 units compared to 998,059 units in the
same period of 2023.
The slowdown in the national economy impacted
people’s purchasing power, especially in purchasing COMPANY STRATEGY AND STRATEGIC POLICY
four-wheeled vehicles, where the growth of four- For the year 2024, Mandiri Tunas Finance will be
wheeled vehicle sales can reflect economic growth in promoting the theme “Energizing the Foundation: Be
Indonesia. On the other hand, pressure also occurred the Market Leader.” This theme reflects the company’s
on the growth of third-party funds (DPK) nationally, Commitment to optimizing the new foundation built
which experienced a slowdown as recorded in the the previous year with more energy and enthusiasm so
Financial Services Authority (OJK) Statistics on the that it can become a leader in the Financing Industry.
Banking Industry. This institution mentioned that
third-party funds (DPK) growth year-on-year until To achieve these goals and targets, the Company
December 2024 only reached 4.48%. The slowdown in has three strategic pillars, namely Market Expansion,
deposits is also reflected in the economic quality of Thrive in Profit, and Fast Services. The three pillars
society in 2024. According to BPS, the middle class were implemented consistently in the reporting year
decreased to 17.13% (46.85 million people), which through the following strategic policies and initiatives:
resulted in an increase in the portion of the vulnerable 1. Market share growth by segment, namely the retail
poor class to 24.23% (67.69 million people) and the and wholesale segments, is driven by captive
middle class to 49.22% (137.5 million people). business financing from the Mandiri Group.
2. Sustainable profit can be achieved by maintaining
The slowdown in economic growth in 2024 impacted an increase in margin income, both from interest
several gross Non-Performing Financing sectors, and from the growth of fee-based income. The
including the performance of Financing Companies. Company also continues to pay attention to cost
44 PT Mandiri Tunas Finance
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expenditures by maintaining the Cost Efficiency Directors also considers synergies with PT Bank Mandiri
Ratio (CER). In line with the new financing growth (Persero) Tbk, the parent company, to strengthen
strategy, the Company also managed the Cost market penetration, improve operational efficiency, and
of Credit (COC) more effectively to encourage expand inclusive financing services.
profit achievement.
3. Acceleration of business processes and services by In addition, the Board of Directors is also responsible for
implementing the results of Business Process Re- setting strategic policy directions that are aligned with
engineering (BPR), which plays a role in evaluating the Company’s financial and sustainability objectives.
and improving business processes for both retail The Board of Directors ensures that all operational
and wholesale segments. The Company has also policies, risk management, and product and service
built digital capabilities through the MTF 1 Access development are in line with the principles of good
and MTF Mobile applications to encourage the corporate governance (GCG).
acceleration of internal processes and increase
the ease of debtors in accessing available services BOARD OF DIRECTORS PROCESS TO ENSURE
4. Implementation of Corporate Governance and Risk STRATEGY IMPLEMENTATION
Management by ensuring business activities run To ensure the Company’s strategic strategies and
in accordance with good corporate governance policies are well implemented, the Board conducts
optimally by prioritizing 5 (five) principles of periodic reviews with relevant functions through
good corporate governance, namely Openness, monthly meetings and committees to ensure
Accountability, Responsibility, Independence, strategic projects align with the annual strategy. In
and Equality and fairness. addition, the Board communicates the strategy and
strategic policies to all employees accurately and
ROLE OF THE BOARD OF DIRECTORS IN relevantly through work meetings and coordination
FORMULATING STRATEGIC STRATEGIES AND meetings at every level of the organization.
POLICIES
The Board of Directors plays a central role in formulating To support the implementation of the Company’s
the Company’s strategic strategies and policies, both strategy, the Board of Directors coordinates with
short-term and long-term, in the form of the Annual the Board of Commissioners to obtain direction and
Business Plan (ABP). In addition, the Board of Directors perform the supervisory function. This coordination
is actively involved in preparing business activities. ensures that the company’s strategy and policies
This involvement aims to ensure Mandiri Tunas remain relevant to business dynamics and that their
Finance’s sustainable growth and competitiveness in implementation aligns with the predetermined goals.
the financing industry.
Along with that, the Board of Directors also ensures
Furthermore, through visionary and data-driven effective communication with all stakeholders,
leadership, the Board of Directors actively identifies including employees, business partners, and
market opportunities, manages risks, and integrates regulators, to maintain transparency and support
industry dynamics into short—and long-term strategies. synergy in realizing the Company’s strategy in order
In formulating the Company’s strategy, the Board of to achieve the set goals.
PT Mandiri Tunas Finance
Annual Report 2024 45
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AWAKENING A NEW SPIRIT LEADING THE MARKET
COMPARISON OF RESULTS WITH TARGETS Similar to the 13.9% yoy decline in car sales reported
Mandiri Tunas Finance recorded a proud performance by Gaikindo, Mandiri Tunas Finance’s new car sales
despite global economic uncertainty and a slowdown in 2024 experienced a slight slowdown compared to
in national economic growth. Not only did the the previous year. In the reporting year, the Company
Company increase compared to the previous year, recorded new car sales of 83,987 units, or 3.38% lower
but it also achieved a number of targets as stipulated than 202,3, with 86,927 units. Meanwhile, used car
in the Annual Business Plan (RBT). This achievement sales in 2024 were recorded at 25,873 units or 8.14%
reflects the Company’s accuracy and consistency in corrected compared to the previous year, with sales
implementing strategic strategies and policies, and of 28,166 units.
strengthening Mandiri Tunas Finance’s resilience in
facing challenges and a dynamic financing industry Although the number of units sold of cars was
throughout 2024. corrected, the value of new and used car financing
contracts increased. In 2024, Mandiri Tunas Finance
As of 31 December 2024, Mandiri Tunas Finance posted a new car financing contract value of Rp25.58
booked a new financing value of Rp35.09 trillion, an trillion, an increase of Rp89.37 billion or 0.35%
increase of Rp2.39 trillion or 7.31% compared to the compared to 2023, with a financing contract value
previous year, which amounted to Rp32.70 trillion. of Rp25.49 trillion. A higher increase was achieved
The achievement was 97.47% of the 2024 target of by the value of used car financing contracts from
Rp36 trillion. The increase in new financing positively Rp5.16 trillion in 2023 to Rp5.52 trillion in 2024, or an
impacted the realization of the Company’s revenue, increase of Rp365.72 billion, or 7.09%.
which amounted to Rp5.58 trillion or 100.74% of
the target of Rp5.54 trillion. This achievement Especially for 4-wheeled Electric Vehicle (EV)
increased by Rp797.35 billion or 16.67% compared to financing, in 2024, Mandiri Tunas Finance posted
the previous year of Rp4.78 trillion. Furthermore, at a financing value of Rp944.06 billion, up 91.5%
the end of 2024, the Company recorded a net profit compared to 2023, with a financing value of Rp473.43
for the year of Rp1.17 trillion, an increase of Rp10.98 billion. The increase in financing value is in line with
billion or 0.95% compared to the previous year of the addition of the number of new contracts in 2024,
Rp1.16 trillion. The achievement was 87.65% of the which amounted to 2,523 units, or grew 169.3%
target of Rp1.34 trillion. compared to 2023, with the number of new contracts
of 937 units.
Total assets in 2024 were realized at IDR 34.43 trillion
or 102.71% of the target of IDR 33.52 trillion. The The increase also occurred with the financing of
acquisition increased by Rp4.70 trillion or 15.80% Hybrid Electric Vehicle (HEV) 4 Wheelers, where
compared to 2023, which amounted to Rp29.73 in 2024, the Company posted a financing value of
trillion. The majority of the increase in total assets Rp1.33 trillion, or grew 86.32% compared to 2023,
was due to an increase in the Consumer Financing with a financing value of Rp712.97 billion. As for new
Receivables portfolio.
46 PT Mandiri Tunas Finance
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contracts as of 31 December 2024, there were 3,257 BUSINESS OUTLOOK
units of cars, an increase of 47.51% compared to 2023, Entering 2025, the World Bank and International
with 2,208 units of new contracts. Monetary Fund (IMF) project Indonesia’s economic
growth to reach 5.1%. This projection is in line with
As for the gearing ratio, Mandiri Tunas Finance’s Bank Indonesia, which predicts that economic
target in 2024 was 5.02 times and the realization was growth in 2025 will be in the range of 4.7%-
recorded at 5.79 times. Meanwhile, in terms of quality, 5.5% and inflation will be maintained at around
the NPL target in 2024 was 0.80% and the realization 2.5±1%. Specifically, in accordance with the basic
was 1.05%. macroeconomic assumptions for 2025 in the 2025
State Budget, the government projects economic
OBSTACLES AND RESOLUTION STEPS growth in 2025 to be 5.2%.
Mandiri Tunas Finance faced several challenges in
realizing its targets and performance during 2024. On the other hand, the government has also issued
One of the challenges is the slowdown in national several policies that can provide a multiplier effect
economic growth, which directly impacts the for the growth of the financing industry, including
financing industry. This condition caused a 13.9% the policy of lowering bank interest rates, extending
decline in new car sales throughout 2024, as Gaikindo VAT DTP incentives on the sale of electric motor
stated. vehicles (KBL) and hybrid vehicles. In addition, the
entry of various new car brands has also enlivened
In line with that, the financing industry’s growth also the country’s automotive market, and is expected
slowed in 2024, when it only grew by 4.60% (year over to encourage public interest and purchasing power
year), lower than in 2023, when it grew by 16.63%. towards vehicle purchases.
Indonesia’s economic slowdown has also affected
the decline in the quality of national financing. This Mandiri Tunas Finance has implemented a long-term
can be seen in the increase of NPF (Non-Performing strategy for 2023-2027 with the theme “Strengthening
Financing) by 26 bps to 2.70%. Leading Position through Synergy & Sustainable
Business Growth” to capitalize on opportunities and
In facing these challenges, Mandiri Tunas Finance long-term business prospects. Through this theme,
implemented the following policies: the Company consistently improves the competence
1. Increasing business penetration from Bank of human resources, and conducts Business Process
Mandiri’s Captive and developing competitive Re-engineering (BPR) for each business segment.
products supported by a good marketing program.
2. Selective and prudent financing distribution. The Company also builds IT capabilities and systems,
3. Strengthening the management of financing especially on improving IT security, developing
portfolio quality. digital ecosystems, building data management &
4. Implementation of end-to-end process data analytics capabilities to support business,
improvement to maintain sustainable performance.
PT Mandiri Tunas Finance
Annual Report 2024 47
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AWAKENING A NEW SPIRIT LEADING THE MARKET
and developing network development strategies Another effort to strengthen the implementation
so that the products offered are right on target. of governance is the Company’s organizational
In running its business, the Company also applies development by establishing an Anti-Fraud
sustainable business principles through implementing Committee in line with the implementation of
Environmental, Social & Governance (ESG), one of the Financial Services Authority Regulation No.
which is by channeling new financing for electric cars, 12 of 2024 on the Implementation of Anti-Fraud
MSMEs, and other financing based on Green Financing. Strategy for Financial Services Institutions, which
was promulgated on 31 July 2024. The Anti-Fraud
IMPLEMENTATION OF CORPORATE GOVERNANCE Committee is expected to assist the Board of Directors
Mandiri Tunas Finance consistently demonstrates and the Board of Commissioners in implementing the
its commitment to implementing the principles of Anti-Fraud Strategy in the Company. Establishing
Good Corporate Governance (GCG) as the primary the Anti-Fraud Committee is a form of Mandiri Tunas
foundation for all business activities. The Company Finance’s commitment to implement the Company’s
believes that strong GCG implementation is a solid work culture to fight fraud at all levels.
foundation for business operations and is essential
in creating a transparent, accountable, and integrity- Mandiri Tunas Finance consistency in implementing
based management system. GCG has yielded positive results, including winning
the Indonesia Good Corporate Governance Award
Good governance strives to provide optimal protection 2024 in the category of Trusted Company Based
for all parties involved in business activities, from on Corporate Governance Perception Index (CGPI)
shareholders to business partners to customers. with a score of 84.01. CGPI is a research program
Consistently implementing GCG is also essential for that ranks GCG implementation in companies
Mandiri Tunas Finance to strengthen trust and increase through a survey of GCG practices, resulting in a
the Company’s credibility among stakeholders. Corporate Governance Perception Index (CGPI)
score. <The CGPI Awards are organized by The
This is also open to adopting regulatory changes to Indonesian Institute for Corporate Governance
implement governance. For example, according to (IICG) in collaboration with SWA Magazine, and their
the Services Authority Regulation No. 48 of 2024 on participation includes companies from Issuers,
Good Governance for Financing Companies, Mandiri State-Owned Enterprises (BUMN), Regional-Owned
Tunas Finance has adjusted provisions to comply Enterprises (BUMD), Banking, Sharia Banking, and
with applicable regulations. Non-Bank Financial Industry (IKNB).
48 PT Mandiri Tunas Finance
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02
CHANGES IN THE COMPOSITION OF THE BOARD OF the Company’s operations well. We also want to
DIRECTORS thank the Board of Commissioners for continuously
In 2024, Mandiri Tunas Finance did not make any providing direction, input, and supervision so that
changes to the composition of the Board of Directors. we can realize strategic strategies and policies to
Accordingly, the composition of the Board of Directors achieve the targets set in the RBT.
as of 31 December 2024, is as follows:
Pinohadi G. Sumardi : President Director Furthermore, we greatly appreciate the entire Mandiri
R. Eryawan Nurhariadi : Director Tunas Finance Management team and Officers for
William Francis Indra : Director their dedication, loyalty, and support throughout
the year. We also extend similar appreciation to
APPRECIATION other stakeholders, including regulators, customers,
Mandiri Tunas Finance success in posting the best business partners, and all parties, for supporting
performance in 2024 reflects the strong support Mandiri Tunas Finance. We hope such support will
from all stakeholders. For this reason, the Board continue so that Mandiri Tunas Finance can achieve
of Directors would like to express gratitude for the better and more sustainable performance in the
trust the Shareholders gave us so that we can run coming years.
Jakarta, April 2025
On behalf of the Board of Directors of PT Mandiri Tunas Finance
PINOHADI G.
SUMARDI
President Director
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
BOARD OF
COMMISSIONERS
Fendy Eventius Rico Adisurja Saptari Subarna
Mugni Setiawan
Independent President Commissioner Independent
Commissioner Commissioner Commissioner
50 PT Mandiri Tunas Finance
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BOARD OF
DIRECTORS
R. Eryawan Pinohadi G. William Francis
Nurhariadi Sumardi Indra
Director President Director Director
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
STATEMENT LETTER BY MEMBERS OF THE BOARD OF COMMISSIONER
REGARDING RESPONSIBILITY FOR THE ANNUAL REPORT
We, the undersigned, hereby declare that all information contained in the Annual Report
of PT Mandiri Tunas Finance for the fiscal year 2024 has been included in its entirety and
we are fully responsible for the accuracy of the contents of the company’s Annual Report.
This statement is made in good faith.
Jakarta, April 2025
BOARD OF COMMISIONER
Rico Adisurja Setiawan
President Commissioner
Fendy Eventius Mugni Subarna
Independent Commissioner Independent Commissioner
52 PT Mandiri Tunas Finance
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02
STATEMENT LETTER BY MEMBERS OF THE BOARD OF DIRECTORS
REGARDING RESPONSIBILITY FOR THE ANNUAL REPORT
We, the undersigned, hereby declare that all information contained in the Annual Report
of PT Mandiri Tunas Finance for the fiscal year 2024 has been included in its entirety and
we are fully responsible for the accuracy of the contents of the company’s Annual Report.
This statement is made in good faith.
Jakarta, April 2025
BOARD OF DIRECTORS
Pinohadi G. Sumardi
President Director
R. Eryawan Nurhariadi William Francis Indra
Director Director
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
EXECUTIVE
OFFICER (CHIEF)
Devi B. Perana Citra Afri Feder Muhamad
Maladianti Ketaren Fauzi Suryadi
Chief Chief Chief Chief
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PT Mandiri Tunas Finance
Annual Report 2024 55
Page 56
Page 57
COMPANY
PROFILE
03
Page 58
AWAKENING A NEW SPIRIT LEADING THE MARKET
GENERAL INFORMATION Bond Listing Exchange
AND COMPANY IDENTITY Indonesia Stock Exchange
Securities Code
Company Name
TUFI
PT Mandiri Tunas Finance
Number of Employees
Date of Establishment
3,384 people (2024)
17 May 1989
(under the name PT Tunas Financindo Corporation)
Business Network
Legal Status 125 Branch office
Limited Liability Company (PT), Issuer 10 Offices Other than Branch Offices
(KSKC)
Forerunner Corporate Secretary
PT Tunas Financindo Corporation (1989) Dadan Hamdhani
PT Tunas Financindo Sarana (2000) Email : corporate.secretary@mtf.co.id
Website : www.mtf.co.id
Products and Services
Motor vehicle financing for retail and corporate Customer Service
customers, including new cars, large motorcycles, Email : customer.service@mtf.co.id
commercial vehicles, and heavy equipment, as (Monday-Friday, 08.30-17.30 WIB)
well as multipurpose financing. Care Center : 1500059
(Monday-Friday, 08.00-17.00 WIB)
Line of Business
Mobile Application
Investment financing, working capital, multipurpose,
1. MTF Mobile
and other financing business activities based on the
2. MTF 1 Access
approval of the Financial Services Authority (OJK).
3. MTF Mobile Apps;
a. Mobile Survey
Ownership b. Mobile Collection
c. Mobile License Plate
PT Bank Mandiri (Persero) Tbk. 51.00%
d. MTF Report
PT Tunas Ridean 49.00% e. MTF OSR
4. HC EAZY
Legal Basis of Establishment
Deed No. 262 dated 17 May 1989 of Notary Social Media
Misahardi Wilamarta, S.H., Notary in Jakarta, and Facebook : Mandiri Tunas Finance
approved by the Minister of Justice in Decree No. Instagram : @mandiritunasfinance
C2-4868.HT.01.01.TH.89 dated 1 June 1989 and Linkedin : Mandiri Tunas Finance
announced in the State Gazette of the Republic Whatsapp : 08111455740
of Indonesia No. 57, Supplement No. 1369 dated X : @mandiritunasfin
18 July 1989. Youtube : Mandiri Tunas Finance
Tiktok : @mandiritunasfinance
Website : mtf.co.id
Authorized Capital
IDR 1,000,000,000,000 Head Office
(One Trillion Rupiah) Graha Mandiri 3A Floor
Jl. Imam Bonjol No.61
Issued Capital
Menteng, Jakarta Pusat
IDR 250,000,000,000 DKI Jakarta 10310, Indonesia
(Two Hundred Fifty Billion Rupiah) Telephone : +62 21 230 5608
58 PT Mandiri Tunas Finance
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03
BRIEF COMPANY
HISTORY
PT MANDIRI TUNAS FINANCE, FROM NOW ON REFERRED TO AS MANDIRI TUNAS FINANCE OR
THE COMPANY, IS A FINANCE COMPANY IN INDONESIA THAT OFFERS EASY, INNOVATIVE, AND
COMPETITIVE FINANCING SOLUTIONS, ENABLING CUSTOMERS TO ACQUIRE NEW CARS, COMMERCIAL
VEHICLES, AND MULTIPURPOSE FINANCING FOR BOTH INDIVIDUALS AND CORPORATIONS. INITIALLY,
THE COMPANY WAS NAMED PT TUNAS FINANCINDO CORPORATION, ESTABLISHED ON 17 MAY 1989.
IT PROVIDED MOTOR VEHICLE FINANCING FACILITIES, WHICH WERE INITIALLY SPECIALIZED FOR
CONSUMERS FROM THE DEALER NETWORK OWNED BY THE TUNAS RIDEAN GROUP.
PT Mandiri Tunas Finance, from now on referred In 2020, in line with the increasing growth of the
to as Mandiri Tunas Finance or the Company, is a business portfolio, PT Tunas Financindo Corporation
finance company in Indonesia that offers easy, changed its name to PT Tunas Financindo Sarana.
innovative, and competitive financing solutions, From its initial establishment until 2009, the
enabling customers to acquire new cars, commercial Company’s share ownership was owned by PT
vehicles, and multipurpose financing for both Tunas Ridean. Share ownership changed in 2009
individuals and corporations. Initially, the Company when PT Bank Mandiri (Persero) Tbk acquired 51%
was named PT Tunas Financindo Corporation, of the shares previously owned by PT Tunas Ridean.
established on 17 May 1989. It provided motor After the acquisition of shares by PT Bank Mandiri
vehicle financing facilities, which were initially (Persero) Tbk was completed and authorized through
specialized for consumers from the dealer network the Decree of the Minister of Finance Number KEP-
owned by the Tunas Ridean Group. 352/KM.10/2009, the name of PT Tunas Financindo
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Sarana changed to PT Mandiri Tunas Finance. Thus, Business, the Company presents multipurpose
since 2009 until now, the Company is owned by PT financing as a financing alternative to meet the
Bank Mandiri (Persero) Tbk by 51% (fifty one percent) diverse needs of the community.
and PT Tunas Ridean by 49% (forty nine percent).
In addition to utilizing funding sources from banks,
PT Bank Mandiri (Persero) Tbk is a bank with the the Company listed bonds on the Indonesia Stock
largest assets in Indonesia and is supported by an Exchange until Bond VI to develop its business. In
extensive network of offices at home and abroad addition, the Company also conducted:
in providing comprehensive financial solutions for • Public Offering of Continuous Bonds I Phase I
individual and corporate customers. Meanwhile, PT 2013
Tunas Ridean is a trusted and respected group of • Public Offering of Continuous Bonds I Phase II
integrated automotive solution providers and the Year 2014
largest independent automotive group in Indonesia. • Public Offering of Continuous Bonds I Phase III
PT Tunas Ridean currently manages automotive 2015
sales of Toyota, Daihatsu, BMW, Isuzu and Honda • Public Offering of Continuous Bonds II Phase I
motorcycles, including vehicle leasing. 2015
• Public Offering of Continuous Bonds II Phase II
The presence of two large business entities in 2016
the automotive industry, as well as banking and • Public Offering of Continuous Bonds III Phase I
financial services as shareholders, is a driving 2016
force for the Company to grow progressively and • Public Offering of Continuous Bonds III Mandiri
sustainably. In addition to becoming a trusted Tunas Finance Phase II 2017
finance company in Indonesia, such growth • Public Offering of Continuous Bonds IV Mandiri
becomes the foundation for the Company to Tunas Finance Phase I 2019
become a market leader in its segment. To realize • Public Offering of Continuous Bonds IV Phase II
these expectations, the Company has accelerated 2019
its business by conducting various developments, • Public Offering of Continuous Bonds V Mandiri
while still focusing on the financing industry in the Tunas Finance Phase I 2020
automotive, heavy equipment, and multipurpose •● Public Offering of Continuous Bonds V Mandiri
sectors. In the automotive financing segment, Tunas Finance Phase II 2021
the Company provides financing for new cars, • Public Offering of Continuous Bonds V Mandiri
large motorcycles, commercial vehicles, and Tunas Finance Phase III 2022
heavy equipment. Furthermore, referring to • Public Offering of Continuous Bonds VI Mandiri
the Financial Services Authority Regulation Tunas Finance Phase I 2023
Number 7/POJK.05/2022 of 2022 concerning • Public Offering of Continuous Bonds VI Mandiri
Amendments to the Financial Services Authority Tunas Finance Phase II 2023
Regulation Number 35/POJK.05/2018 concerning • Public Offering of Continuous Bonds VI Mandiri
the Implementation of the Financing Company Tunas Finance Phase III 2024
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•● Public Offering of Continuous Bonds VI Mandiri Mandiri Tunas Finance is committed to being a trusted
Tunas Finance Phase IV 2024 financing company in Indonesia and a market leader
in its segment. The Company consistently offers easy,
In relation to the Continuous Bonds offered by the innovative, and competitive financing solutions to help
Company, PEFINDO assigned a rating of idAAA for PT consumers achieve their dreams—whether it’s owning
Mandiri Tunas Finance (MTF) and outstanding bonds, a new car or a big motorcycle, acquiring commercial
including Continuous Bonds V Phase II/2021 Series A vehicles and heavy equipment to support business
amounting to Rp915.2 billion which will mature on 20 activities, or securing financing for leasing and
May 2024. In addition, PEFINDO also affirmed the idAAA multipurpose education. In line with that, the Company
rating for PT Mandiri Tunas Finance’s (MTF) Continuous also always prioritizes customer service in terms of
Bonds V Phase III/2022 Series A worth IDR 851.4 billion providing convenience, supported by branch offices
which will mature on 23 February 2025. The rating spread throughout Indonesia as well as qualified human
period is valid from 19 November 2024 - 23 February resources and sufficient infrastructure facilities.
2025. The idAAA rating as the highest rating given by
PEFINDO shows that the Company has an excellent
ability to pay long-term debt.
AUTOMOTIVE FINANCE COMPANY ORIENTED TOWARDS MEETING PUBLIC CREDIT NEEDS
Based on the vision of “To be your Trusted Financing Partner”, the Company is committed to understanding
the needs of the community in the financing aspect by presenting a variety of value-added products. With the
right and optimal approach, the Company ensures that every financing process runs smoothly, transparently,
and in accordance with customer needs.
As a finance company that supports financial inclusion, the Company continues to expand its range of access
both, whether through branch offices or mobile services. This aims to ensure that more people can access
flexible and competitive financing services. For more than 15 years, the Company has helped customers
realize their dreams of owning a vehicle, financial needs, and working capital through financing schemes that
suit their needs.
In contributing to supporting sustainable financing, the Company also plays a role in channeling sustainable
financing to the MSME segment. The Company also plays a role in providing financing services to support the
modernization of operational vehicles and heavy equipment. This aims to support commercial activities and
other business needs. By utilizing this potential, the Company can create broader synergies while making an
optimal contribution to the economic growth of the community.
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
BEST PERFORMANCE
Improving the quality and professionalism of human resources is key in achieving the best performance
targets. For this reason, Mandiri Tunas Finance has a comprehensive leadership development program
to prepare the best human resources to occupy strategic positions in the Company. Steps taken include
organizing Supervisor Development Program (SDP), Management Development Program (MDP), Senior Manager
Development Program (SMDP), and General Manager Development Program (GMDP) as career development
programs that provide education and training to produce the best candidates within the Company.
In addition, Mandiri Tunas Finance also organizes Management Trainee (MT) program as a new employee
selection program with education and training that can develop human resource competencies, shaping Future
Leaders with good capabilities and high loyalty. Along with that, the Company also improves and refines the
operational systems and procedures, upholds the MTF Officer culture, maximizes employee performance, and
makes various efforts to minimize fraud with the aim of achieving the Company’s vision and mission.
LARGEST AND MOST RELIABLE PERFORMANCE
The Company receives strong support from its parent companies, Bank Mandiri and Tunas Ridean, both through
funding assistance and efforts to expand market penetration by targeting potential segments for financing
products. As the parent company, Bank Mandiri encourages the Company to grow in a healthy and sustainable
manner by increased marketing penetration through Bank Mandiri’s network, which consists of 139 branches
and 2,053 sub-branches spread throughout Indonesia as of 31 December 2024.
In addition to strong support from the parent company, Mandiri Tunas Finance continues to improve and expand
cooperation with all motor vehicle Brand Holder Agents (APMs) and dealer networks as well as business partners
in all areas of the Company’s marketing offices to increase financing market share. Currently, the Company
has cooperated with nearly all APMs, enabling it to finance all brands of vehicles needed by customers. This
reflects the high level of trust placed in the Company by APMs, dealers and business partners.
Through these partnerships, the Company is able to provide more choices of motorized vehicles to
consumers and facilitate market penetration in various areas of the Company’s marketing offices. With
strong support, collaboration and cooperation with the parent company and all business partners, the
Company managed to establish itself among the Top 3 largest Car Financing providers in Indonesia and
achieved a credit rating of idAAA.
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NAME CHANGE INFORMATION
PT TUNAS FINANCINDO PT TUNAS FINANCINDO PT MANDIRI TUNAS
CORPORATION SARANA FINANCE
17 May 18 August 26 June 2009-
1989 2000 present
As described above, the Company was officially established on 17 May 1989 under the name PT
Tunas Financindo Corporation. As its business portfolio grew, PT Tunas Financindo Corporation
changed its name to PT Tunas Financindo Sarana on 18 August 2000, based on Deed No. 49 made
before Adam Kasdarmadji S.H., M.H., Notary, in Jakarta. This amendment deed was approved
by the Minister of Law and Legislation through Decree No. C-21195HT.01.04.TH2000 dated 22
September 2000.
In 2009, the Tunas Ridean Group as the founder decided to expand its market reach and strengthen
its capital structure with the acquisition of the Company by PT Bank Mandiri (Persero) Tbk. In this
corporate action, PT Bank Mandiri (Persero) Tbk acquired 51.00% of the Company’s shares and
the remaining 49.00% remained owned by PT Tunas Ridean. In connection with this, on 26 June
2009, the Company changed its name to PT Mandiri Tunas Finance based on the amendment of
Articles of Association in accordance with Deed No. 181 made before Dr. Irawan Soerodjo, S.H.,
Msi., Notary, in Jakarta.
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
MILESTONES
1989 1995-1997 2000 2004-2008
Established as PT Tunas The Company opened The Company changed The Company opened
Financindo Corporation is 100% 7 new branches. its name to PT Tunas 20 new branches.
owned by Tunas Ridean Group. Financindo Sarana.
2014 2013
1. Launch of Mandiri KKB • Rangkasbitung (Banten); Opened 9 (nine) new Branch Offices at:
2. Expansion of Regional Offices from 6 • Cikarang (West Java); • Batam (Riau Islands);
Regional Offices to 9 Regional Offices. • Garut (West Java); • Bukittinggi (West Sumatra);
3. Opened 11 (eleven) new branch offices at: • Pekalongan (Central Java); • Duri (Riau);
• Ujung Batu (Riau); • Subang (West Java); • Baturaja (South Sumatra);
• Tanjung Pinang (Riau Islands); • Gresik (East Java); • Lubuklinggau (South Sumatra);
• Bontang (East Kalimantan); • Mojokerto (East Java). • Cibubur (West Java);
• Cibinong (West Java); • Bandarjaya (Lampung);
• Banjarbaru (South Kalimantan);
• Tangerang 2 (Banten).
2015 2016 2017
Opened 5 new branch offices at: 1. Launch of multipurpose products. • Implementation of offshore
• Sintang (West Kalimantan); 2. Additional payment channel services syndication to Singapore,
• Sampit (Central Kalimantan); through retailers. Taiwan & Japan.
• Mamuju (West Sulawesi); 3. Opened 3 branch offices in: • BSM OTO servicing synergy.
• Kotamobagu (North Sulawesi); • Bandung (West Java); • Opening of Banyuwangi,
• Kupang (NTT). • Lebak Bulus (Jakarta); Ketapang, Sorong, Jayapura,
2. 20 Satellite offices located in • Luwuk (Central Sulawesi) and and Ambon Branch offices
Bank Mandiri branch offices. • 1 satellite office in Bandar Lampung.
4. Pefindo Rating Increase to: idAA+
2024
• MTF has 125 branch offices
• Achieved positive performance with financing disbursement of Rp35.09 Trillion and profit of Rp1.17 Trillion
• MTF continues to maintain the Company’s rating from Pefindo at idAAA
• Digital transformation in the form of sustainable financing inclusion through MTF Mobile application with a
transaction value of 369.15 Billion
• MTF maintains recognition as The Most Efficient Subsidiary from Bank Mandiri as the Holding Group
• Continuous commitment in the form of financing for Environmentally Friendly Vehicles amounting to 2.27 Trillion
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2009 2010 • Pontianak; • Tegal;
• Acquisition of 51% of the 1. Opened 13 (thirteen) new • Kendari; • Bengkulu;
Company’s shares by PT Bank Branch Offices at: • Palangkaraya; • Manado.
Mandiri (Persero) Tbk. • Bumi Serpong Damai • Parepare (South 2. Relocation of the
• Change of the Company’s name (Tangerang); Sulawesi); Company’s Head Office
to PT Mandiri Tunas Finance. • Pecenongan (Central • Karawang; to Graha Mandiri
• Focus on used car financing. Jakarta); • Tarakan; Jl. Imam Bonjol No. 61,
• Denpasar; • Kediri; Jakarta 10310.
2012 2011
1. Focused on new car financing. Opened 22 (twenty-two) • Pondok Gede; • Jember;
2. AA(idn) rating; Stable Outlook new Branch Offices at: • Mampang Prapatan • Gianyar;
from Fitch Rating Indonesia. • Rantau Prapat (North (South Jakarta); • Holy;
3. Bond rating upgrade from idA+ Sumatra); • Kebon Jeruk (West • Magelang;
(Single A plus; Stable Outlook) to • Muara Bungo (Jambi); Jakarta); • Mataram;
idAA (Double A; Stable Outlook) • Field; • Tuban; • Gorontalo;
from Pefindo. • Pangkal Pinang; • Tanjung (South • Bandung 2;
• Banda Aceh; Kalimantan); • WTC Mangga Dua
• Sukabumi; • Hammer; (North Jakarta).
• Attack; • Madiun;
2018 2019 2020
• Channeling Fintech. • Cooperation with MTF supported the National
• Working capital financing. Mandiri Taspen. Economic Recovery (PEN)
• Financing through online dealers. • Launch of new brand “Cash program as an effort by the
• Factoring financing. Aja” for multipurpose financing. Government of Indonesia in
• Inauguration of Ungaran Branch Office • Launch of Customer dealing with the pandemic
Implementation of Centralized Input Experience Lounge. COVID-19 through
Process (SPRINT). • Inauguration of MTF Pluit restructuring credit
• Minimized cost of funds through offshore Branch and IX Regional Office payments to customers, with
funding, asset purchase. & Balikpapan Branch a total restructuring value of
• Opening of 3 branches: Medan 2, Rp13.15 trillion.
Pekanbaru 2, and Ungaran.
2023 2022 2021
• MTF presented the latest solution in • MTF launched MTF 1 Access as MTF was back on track by
terms of providing digital-based customer a form of providing Fast & Easy successfully delivering
services, namely MTF Digital Service & MTF services. positive value to stakeholders
Mobile. • Pefindo Rating Increase to: by achieving a net profit of
• Recorded profit of Rp1.16 trillion and idAAA (Triple A) Rp245.88 billion.
financing disbursement of IDR32.69 trillion • MTF’s best performance was
• MTF maintained the Company’s rating from achieving a profit of Rp750 billion.
Pefindo at idAAA
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VISION, MISSION, VALUES,
AND CORPORATE CULTURE
VISION
TO BE YOUR TRUSTED FINANCING PARTNER
Become Your Trusted Financing Partner
Trust is the foundation that a financing company must uphold, therefore the Company is committed
to continue to foster trust from all of the Company’s customers. The Company views that sustainable
business growth must pay attention to the needs and perspectives of all customers. With this in mind
the Company places itself as a true partner and friend of customer in every step of their financial journey.
MISSION
PROVIDE RELIABLE, FAST, &
EASY SERVICES TO CUSTOMER
Provide Fast and Easy Reliable Service to Customers
The Company believes that trust is built through responsive and reliable service. Through this mission,
the Company continuously strives to improve the quality and speed of service, and ensure that every
interaction provides a satisfying experience for customers.
REVIEW
In 2022, the Company’s Vision was “To be the Most Progressive and Reliable Multifinance in
Indonesia” and its Mission is “Oriented to the fulfillment of the credit needs of the community
to improve the welfare of the nation and care for the environment; provide optimal profits and
benefits for stakeholders; build professional and unyielding human resources through PERWIRA
work culture; and become a fun and proud institution in working to achieve the best achievements”.
IN LINE WITH THE FORMULATION OF THE COMPANY’S LONG-TERM WORK PLAN, IT IS NECESSARY TO
ADJUST THE COMPANY’S VISION AND MISSION TO BE IN LINE WITH THE COMPANY’S WORK PLAN.
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v
CORPORATE CULTURE
THE CORPORATE CULTURE IS THE RESULT OF THE IMPLEMENTATION OF
AKHLAK CORE VALUES FROM PT BANK MANDIRI (PERSERO) TBK AND
I-CARE FROM PT TUNAS RIDEAN, ALSO KNOWN AS “PERWIRA CULTURE”.
PERWIRA Culture was first formulated on 11 December 2009 and rejuvenated on 18 June 2019. The
Corporate Culture value is PERWIRA, which stands for Trust, Entrepreneurship, Innovative, and Excitement.
These are the 4 (four) basic values encompassing 13 (thirteen) main behaviors that must be implemented
consistently and continuously by every employee.
BUDAYA PERWIRA
KePERcayaan Disciplined and responsible, uphold principles of truth in thinking, acting,
and behave accordingly with what is promised based on conscience,
morals, ethics and rules of the Company. Every employee shall uphold the
following values:
1. Having integrity
2. Honest and trustworthy
3. Responsible
4. Committed
KeWirausahaan Consistently developing in a proper manner from the beginning based on
a sense of ownership, creating added value and providing best services.
Every employees must have:
1. Sense of belonging
2. Developing in a proper manner from the beginning
3. Focus on customer.
Inovatif Be open to changes by creating ideas through continuous learning to
develop creative solutions. Every employees must work with the following
mindset:
1. Adaptability
2. Continuous learning
3. Creativity
KegembiRAan Fun work atmosphere established on a sense of togetherness, pride and
unyielding spirit. Every employee must work with:
1. Enthusiasm, agility, perseverance
2. Synergy
3. Excitement
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LINE OF BUSINESS
PRODUCTS AND SERVICES
Business Activities
Based on the Regulation of the Financial Services Authority of the Republic of Indonesia Number 35 of 2018
concerning the Implementation of the Financing Company Business, the Company has carried out the following
business activities:
Business Activities Description
Investment Financing Has been executed
Working Capital Financing Has been executed
Multipurpose Financing Has been executed
Other financing business activities based on the approval of
Has been executed
the Financial Services Authority
Supporting Business Activities
In addition to the business activities as referred to above, the Company may conduct Operating Lease and/or
fee-based activities as long as they do not conflict with the provisions of laws and regulations in the financial
services sector.
Business Activities and Products and Services
Currently, the Company is engaged in investment • Retail Financing
financing, working capital, multipurpose, factoring, PRetail Financing is financing to Customers who
and other business activities based on the approval of apply for financing through MTF Branch offices with
the Financial Services Authority. Based on Statement Credit Scoring menu. Retail financing is provided
of Financial Accounting Standards (PSAK) 5 (Revised to finance the target market in purchasing motor
2009) on “Operating Segments”, the Company’s vehicles in the form of new passenger cars and used
business segments are categorized based on major passenger cars, as well as to finance vehicle body
customer groups and products, namely Fleet and manufacturing. In retail financing, the provisions of
Retail, as well as other segments as calculations that administrative and insurance costs are borne by the
cannot be allocated into these two segments. customer, the amount of the burden depends on
• Investment Financing the financing period and is determined separately
Investment Financing is the financing of capital in the financing product/package provided during
goods and services required for business/ the financing period. The object of financing must
investment activities, rehabilitation, modernization, also be risk mitigated by insurance inclusion.
expansion or relocation of business/investment
premises provided to Debtors. Retail financing aims to provide convenience to
• Working Capital Financing customers to own a vehicle at a competitive cost,
Working Capital Financing is financing to meet as well as to provide a choice of various types
the needs of expenditures that are exhausted in of products that suit the needs and abilities of
one cycle of the Customer’s business activities, customers with installment payments.
by providing financing limits to committed and
advised customers.
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• Fleet Financing
Fleet Financing is a financing service managed by the Corporate Fleet Division, with the provision of Financing
Provision Limit (BPP) to 1 (one) Debtor or 1 (one) Obligor group that can be business entities or individuals.
Fleet Financing is categorized into 2 (two) types, Investment Financing and Working Capital Financing.
Fleet financing aims to meet the needs of companies or legal entities by assisting business activities as well
as supporting the development of the industrial and infrastructure sectors. Mandiri Tunas Finance is present
through the Corporate Fleet Division to provide a variety of financing facilities such as:
1. Financing on a large scale
2. Cars Ownership Program (COP) Financing
3. Motorcycles Ownership Program (MOP) Financing Company
4. Operating vehicle financing company
5. Heavy Equipment and Machinery Financing Company
MEMBERSHIP
IN ASSOCIATIONS
To strengthen its business profile, MTF has joined membership organizations, including:
Organization Name Scope MTF Position MTF’s Role and Contribution
Indonesian Financing Company
National Member Improve Indonesia’s economy from the automotive sector.
Association (APPI)
PT Rapi Utama Indonesia Encourage healthier, more transparent and accountable
National Member
(RAPINDO) business practices in the financial services sector.
Chamber of Commerce and As a very attractive and strategic partner for
National Member
Industry (KADIN) business, trade, and investment activities.
Association of Indonesian National Member This forum for issuers and public companies has a big mission
Issuers (AEI) in developing the Indonesian capital market and is required to
bring acceleration of capital market growth.
Financial Services Sector National Member The main forum for exchanging ideas on
Alternative Dispute Resolution settlement of financing disputes that always prioritizes
Institution (LAPS SJK) mediation efforts with the aim of achieving peace between
MTF and the disputing parties.
PT Mandiri Tunas Finance
Annual Report 2024 69
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AWAKENING A NEW SPIRIT LEADING THE MARKET
ORGANIZATION
STRUCTURE
Corporate Finance & Risk
Sales & IT Director
Management Director
(William Francis Indra)
(R. Eryawan Nurhariadi)
Chief Marketing Chief Captive Business
(Afri Feder Fauzi) (Muhamad Suryadi)
Strategic Marketing & Mandiri Liaison 1 Treasury & Finance
Regional Division Communication Division Division Division
(Camar Sativa) (Andre Tigor) (Ramdhan Safitri)
Business & Operation Mandiri Liaison 2 Accounting, Tax &
Marketing Division
Support Division Division Financial Planning Division
(Andes Saputra)
(Yeremias) (Jarnawi) (Rina Floriana R.)
Information Technology Corporate Fleet 1 Corporate Planning &
Multiguna Division Performance Management
Division Division Division
(Ruly Widyanto)
(Kanda Octaviano) (Bragent Parlinggoman T.) (Citra Judith Lupitadevi)
Digital Transformation Corporate Fleet 2 Retail Credit Risk
Business Project Unit
Division Division Division
(Wawan Yuliyanto)
(Kanda Octaviano) (Supriadi Waskito S.) (Ivan Ferdinand T.)
Executive Business Corporate Credit Risk
Officer Division
(Vacant) (Tri Sakti Yulianto)
Executive Credit Officer
(Jekson Benardo S.)
BOARD OF COMMISSIONER
Nomination and
Audit Committee Risk Monitoring Committee
Remuneration Committee
70 PT Mandiri Tunas Finance
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03
PRESIDENT DIRECTOR
(Pinohadi G. Sumardi)
Chief Human Chief AR Management &
Chief Risk Management
Capital & Legal General Service
(Devi Maladianti)
(Vacant) (B. Perana Citra Ketaren)
Retail Risk Management Current AR Management Corporate Audit
Human Capital Division
Division Division Division
(Makah Indra P.)
(Indra Budi Laksana) (A Tatep Fathurohman) (Bayu Mario)
Operational & Corporate SAM & Remedial Corporate Secretary
HC Learning Division
Risk Management Division Management Division Division
(Makah Indra P.)
(Vitriati Hartika T.) (Wicaksono Adi) (Dadan Hamdhani)
Recovery Management
Legal & Litigation Division
Division
(Arief Aphrian L.)
(Rully Rianto F.)
Fleet AR Management
Division
(Vacant)
Credit Operation &
General Service Division
(Yeremias)
Corporate Compliance
& AML-CFT
(Prista Vitali S.)
BOARD OF DIRECTORS
Risk Management Information Technology
ALCO Committee Credit Committee Anti Fraud Committee
Committee Steering Committee
PT Mandiri Tunas Finance
Annual Report 2024 71
Page 72
AWAKENING A NEW SPIRIT LEADING THE MARKET
CHANGES IN THE COMPOSITION OF
THE BOARD OF COMMISSIONERS’ PROFILE
In 2024, there was a change in the composition of the Board of Commissioners. In accordance with the
Shareholders’ Resolution at the Annual General Meeting of Shareholders for Fiscal Year 2023 based on the Deed
of Resolution of the Annual General Meeting of Shareholders No. 236 dated 28 June 2024, Saptari was appointed
as Commissioner replacing Totok Priyambodo. Subarna was also appointed as an Independent Commissioner
based on the Deed of Statement of Resolutions of the Extraordinary General Meeting of Shareholders No. 16
dated 5 November 2024, and is currently in the process of undergoing a fit and proper test by the Financial
Services Authority. Therefore, the composition of the Board of Commissioners as of 31 December 2024 is as
follows:
1. President Commissioner : Rico Adisurja Setiawan
2. Commissioner : Saptari
3. Independent Commissioner : Fendy Eventius Mugni
4. Independent Commissioner : Subarna*
CHANGES IN THE COMPOSITION OF
THE BOARD OF DIRECTORS’ PROFILE
In 2024, there were no changes in the composition of the Board of Directors.
In accordance with the results of the Shareholders’ Resolution Outside the GMS to Organize an Annual General
Meeting of Shareholders (Circular Resolution) based on the Deed of Resolution Statement of the Annual GMS
No. 138 dated 28 June 2023, Pinohadi G. Sumardi was reappointed for a second term as President Director.
Therefore, the composition of the Board of Directors as of 31 December 2024 is as follows:
1. President Director : Pinohadi G. Sumardi
2. Director : R. Eryawan Nurhariadi
3. Director : William Francis Indra
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03
PROFILE OF THE BOARD
COMMISSIONERS
Rico Adisurja Setiawan
President Commissioner
Place and Year of Birth
Jakarta, 1971
Age
53 as of
December 2024
Citizenship Domicile
Indonesia Central Jakarta
Education History
• Master of Business Administration, Woodbury University (1994)
• Bachelor of Science, University of Southern California (1992)
Certifications
Basic Financing Certification for Commissioners
Training in 2024
• Strenghtening Financial Integrity: Advanced Strategies and Innovations in Anti Fraud
• Book Review on Bank Cybersecurity
• Carbon Trading and its Effect on Indonesia’s Economy
• Empowering Leadership: How Women Leaders Drive Company and Institution Performance
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
• How to Prevent Money Laundering and Terrorism Financing
• National Seminar on Financing Challenges in 2024
Legal Basis for Appointment
He was first appointed as President Commissioner at the Annual GMS on 26 April 2017 based on the Deed of Resolution of GMS No. 23
dated 26 April 2017. His position as President Commissioner is effective through a copy of the Decision of the Members of the Board of
Commissioners of the Financial Services Authority No. KEP-471/NB.11/2017 dated 21 August 2017 concerning the Results of the Fit and Proper
Assessment of Rico Adisurja Setiawan as President Commissioner. Second appointment as President Commissioner at the Annual GMS on 17
February 2020 based on Deed of GMS Resolution No. 28 dated 25 February 2020. Reappointed for the third period as President Commissioner
of Mandiri Tunas Finance in the Shareholders’ Resolution Outside the GMS to Hold the Annual GMS (Circular Resolution) based on Deed of
Resolution of Annual GMS No. 137 dated 28 June 2023.
Term of Office
• 26 April 2017 until the closing of the 2019 Annual GMS (First Term)
• 17 February 2020 until the closing of the Annual GMS for Financial Year 2022 (Second Term)
• 28 June 2023 until the closing of the Annual GMS for Financial Year 2025 (Third Term)
Concurrent Positions Professional Background
• Commissioner PT Mandiri Utama Finance (2015- • Director of PT Tunas Dwipa Matra (2005-2013)
2017) • Commissioner of PT Tunas Financindo Sarana (now PT Mandiri Tunas Finance) (2005-
• President Commissioner of PT Asia Surya 2009)
Perkasa (2015-present) • Director of PT Tunas Financindo Sarana (now PT Mandiri Tunas Finance) (2000-2005)
• President Commissioner of PT Tunas Dwipa • President Director of PT Tunas Andalan Pratama (1998-2010)
Matra (2013-present) • Director of Provisions (Asia) Trading Singapore (1998-2001)
• President Director of PT Tunas Ridean • Commissioner of PT Tunas Dwipa Matra (1997-2010)
(2010-present) • Director of PT Tunas Ridean (1996-1998, 2001-2010)
• Director of PT Tunas Financindo Corporation (now PT Mandiri Tunas Finance) (1995-1999)
• Management Consultant at Prasetio Utomo Arthur Andersen (1995-1996).
Affiliate Relationship
Has no affiliation with any member of the Board of Commissioners and Board of Directors, but serves as President Director of PT Tunas Rid-
ean, a shareholder of the Company.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
PT Mandiri Tunas Finance
Annual Report 2024 73
Page 74
AWAKENING A NEW SPIRIT LEADING THE MARKET
Saptari
Commissioner
Place and Year of Birth
Bekasi, 1969
Age
55 as of
December 2024
Citizenship Domicile
Indonesia East Jakarta
Education History
Bachelor of Economics in Accounting from Gadjah Mada University (1994)
Certifications
Certification of Financing Basis for Commissioners (SPPI)
Training in 2024
• Strenghtening Financial Integrity: Advanced Strategies and Innovations in Anti Fraud
• Carbon Trading and its Effect on Indonesia’s Economy
• Empowering Leadership: How Women Leaders Drive Company and Institution Performance
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
• How to Prevent Money Laundering and Terrorism Financing
Legal Basis for Appointment
Appointed as Commissioner of the Company based on the Deed of Resolution of the Annual General Meeting of Shareholders No.236 dated
28 June 2024 drawn up by M. Kholid Artha, S.H., Notary in South Jakarta, with the term of office until the Closing of the Annual General
Meeting of Shareholders (AGMS) held in 2027.
Term of Office
28 June 2024 - Annual GMS for Financial Year 2026 (First Term)
Concurrent Positions Professional Background
Senior Executive Vice President Micro & • Group Head Commercial Banking 1 PT Bank Mandiri (Persero) Tbk. (Year 2022-2024)
Consumer Finance PT Bank Mandiri (Persero) Tbk. • Executive Business Officer PT Bank Mandiri (Persero) Tbk. (2020-2022)
(2024-sekarang) • Executive Credit Officer PT Bank Mandiri (Persero) Tbk (2017-2020)
• Regional Development Head II Sumatera 2 PT Bank Mandiri (Persero) Tbk (2017)
• Regional Retail Head II/Sumatera 2 PT Bank Mandiri (Persero) Tbk (2016-2017)
• Business Banking Head PT Bank Mandiri (Persero) Tbk (2015-2017)
• BBC Manager Jakarta Kota PT Bank Mandiri (Persero) Tbk (2012-2014
• SBDC Manager Medan PT Bank Mandiri (Persero) Tbk (2008-2011)
• Senior Relationship Manager PT Bank Mandiri (Persero) Tbk (2006-2008)
• SR PS Area Sales Manager PT Bank Mandiri (Persero) Tbk (2004-2005)
• Retail Officer Wilayah Makassar PT Bank Mandiri (Persero) Tbk (2003-2004)
• Customer Service Officer PT Bank Mandiri (Persero) Tbk (2001-2003)
• Position Employee Branch Manager Ujung Pandang PT Bank Mandiri (Persero) Tbk
(1999-2000)
• Branch Manager Employee Ujung Pandang PT Bank Mandiri (Persero) Tbk (1995-1998)
Affiliate Relationship
Has declared his independence on 10 July 2024.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
74 PT Mandiri Tunas Finance
Annual Report 2024
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03
Fendy Eventius Mugni
Independent Commissioner
Place and Year of Birth
Pulau Tello, 1972
Age
52 as of
December 2024
Citizenship Domicile
Indonesia Bogor
Education History
• Master’s Degree in Energy Sustainability from Universitas Kristen Indonesia (2022)
• Bachelor’s degree in Telecommunication Engineering from Universitas Kristen Indonesia (2001).
Certifications
• Certification of Financing Basis for Commissioners (SPPI)
• Certification in Audit Committee Practices (CACP)
• Qualified Risk Governance Professional (QRGP)
Training in 2024
• Strenghtening Financial Integrity: Advanced Strategies and Innovations in Anti Fraud
• Carbon Trading and its Effect on Indonesia’s Economy
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
• Strategic Planning for 2025 - Formulating the new Path for Profitability
• Training Master Class Risk Governance - QRGP Certification
• Training Certification in Audite Committee Practices Batch 40
• National Seminar on Growth in the P2SK Law Arrangement
• Training Basic Multifinance Business
• National Seminar on Financing Challenges in 2024
Legal Basis for Appointment
Appointed as Independent Commissioner of Mandiri Tunas Finance for the first time based on the Shareholders’ Resolution Outside the GMS to
Hold the Annual GMS (Circular Resolution) based on Deed of Resolution of Annual GMS No. 137 dated 28 June 2023. His position as Independent
Commissioner is effective through the Decree of the Board of Commissioners of the Financial Services Authority No. 13/KDK.06/2023 dated 8
December 2023 concerning the Results of the Fit and Proper Assessment of Fendy Eventius Mugni as Independent Commissioner.
Term of Office
28 June 2023 until the closing of the Annual GMS for Financial Year 2025 (First Period)
Concurrent Positions Professional Background
Independent Commissioner of PT Hotel Indonesia • Independent Commissioner of PT Hotel Indonesia Natour (Persero) (2015-Present)
Natour (Persero) (2015-present) • Country Manager of PT Eflag Solutions Indonesia (2012-2014)
• Project Engineer at Nokia Siemens Network Indonesia (2006-2012)
Independence Statement
Has declared his independence on 20 September 2023.
Affiliate Relationship
Has no affiliation to members of the Board of Commissioners and members of the Board of Directors.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
PT Mandiri Tunas Finance
Annual Report 2024 75
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Subarna
Independent Commissioner
Place and Year of Birth
Tasikmalaya, 1968
Age
56 as of
December 2024
Kewarganegaraan Domisili
Indonesia Tasikmalaya
Education History
• Master in Public Administration from Garut University, West Java (2024)
• Bachelor in Economics from Siliwangi University, West Java (1993)
Certifications
Certification of Financing Basis for Commissioners (SPPI)
Training in 2024
• AML, CFT & PPPSPM Program Financial Services Sector; Good Corporate Governance; Integrated Governance Risk Compliance
• Basic Multifinance Business Training
Legal Basis for Appointment
Appointed as Independent Commissioner of Mandiri Tunas Finance for the first time based on the Deed of Resolution of Extraordinary GMS
No. 16 dated November 5, 2024 with a term of office from 2024 to 2027 and is currently in the process of submitting a fit and proper test to
the Financial Services Authority.
Term of Office
5 November 2024 until the closing of the Annual GMS for Financial Year 2026 (First Period)
Concurrent Positions Professional Background
No Concurrent Position • Member of the House of Representatives of West Java XI (2014-2019 and 2019-2024)
• Member of Supervisory Board at PDAM Tirta Sukaputra (2012-2013)
• Member of Tasikmalaya Regency Parliament (2002-2011)
Independence Statement
Has declared his independence statement on 20 December 2024
Affiliate Relationship
No affiliation to members of the Board of Commissioners and members of the Board of Directors.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
76 PT Mandiri Tunas Finance
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03
PROFILE OF THE BOARD
OF DIRECTORS
Pinohadi G. Sumardi
President Director
Place and Year of Birth
Bandung, 1970
Age
54 as of
December 2024
Citizenship Domicile
Indonesia South Jakarta
Education History
• Master in International Finance Business from IPMI International Business School (2003)
• Bachelor’s degree in Finance Management from Padjadjaran University (1993).
Certifications
• Risk Management Certification recertification level 5
• Certification of Financing Expert for Directors (SPPI)
• Banking Risk Management Certification (LSPP)
• Treasury Dealer Certification (ACI Forexindo)
Training in 2024
• Strenghtening Financial Integrity: Advanced Strategies and Innovations in Anti Fraud
• Carbon Trading and its Effect on Indonesia’s Economy
• Empowering Leadership: How Women Leaders Drive Company and Institution Performance
• Seminar Economic Outlook 2025
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
• Strategic Planning for 2025 - Formulating the new Path for Profitability
• How to Prevent Money Laundering and Terrorism Financing
• Building Spiritual Leadership: A Holistic Approach to Business Growth and Sustainability
• International Seminar The Fed’s Interest and Enhancing Market Share through Technologies Transformation
• Driving Corporate Performance through Artificial Intelligence
• Transformational Leadership Driving Change in Modern Organizations
• National Seminar on the Challenges of Financing Amid Geopolitical and Economic Change
• National Seminar on Growth in the P2SK Law Arrangement
Legal Basis for Appointment
First appointment as President Director of Mandiri Tunas Finance at the Extraordinary GMS (Circular Resolution) based on Deed of Shareholders
Resolution No. 6 dated 9 October 2020. His position as President Director is effective through a copy of the Decision of the Members of the Board of
Commissioners of the Financial Services Authority No. KEP-368/ NB.11/2020 dated 10 November 2020 concerning the Results of the Fit and Proper
Assessment of Pinohadi G. Sumardi as President Director. Reappointed for the second period as President Director of Mandiri Tunas Finance in
the Shareholders’ Resolution Outside the GMS to Hold the Annual GMS (Circular Resolution) based on Deed of Resolution of Annual GMS No. 138
dated 28 June 2023.
Term of Office
• 9 October 2020 until the closing of the Annual GMS for Financial Year 2022 (First Term)
• 28 June 2023 until the closing of the Annual GMS for Financial Year 2025 (Second Term)
Concurrent Positions Professional Background
Does not have concurrent • International Network & Development Department Head PT Bank Mandiri (Persero) Tbk (2019-2020)
positions in other companies or • General Manager of Overseas Branch Office Cayman Islands PT Bank Mandiri (Persero) Tbk (2012-2019)
institutions. • Banking Book Management Department Head PT Bank Mandiri (Persero) Tbk (2010-2012)
• Foreign Exchange Chief Dealer PT Bank Mandiri (Persero) Tbk (2004-2010)
Affiliate Relationship
Has no affiliation with other members of the Board of Directors, members of the Board of Commissioners, or shareholders.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
PT Mandiri Tunas Finance
Annual Report 2024 77
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AWAKENING A NEW SPIRIT LEADING THE MARKET
R. Eryawan Nurhariadi
Director
Place and Year of Birth
Semarang, 1971
Age
53 as of
December 2024
Citizenship Domicile
Indonesia South Jakarta
Education History
• Master in Management from Atma Jaya University Jakarta (2001)
• Bachelor’s degree in Management Economics from Atma Jaya University Yogyakarta (1994).
Certifications
• Risk Management Certification recertification level 5
• Certification of Financing Expert for Directors (SPPI)
• Banking Risk Management Certification (LSPP)
Training in 2024
• Carbon Trading and its Effect on Indonesia’s Economy
• Empowering Leadership: How Women Leaders Drive Company and Institution Performance
• Seminar Economic Outlook 2025
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
• How to Prevent Money Laundering and Terrorism Financing
• Building Spiritual Leadership: A Holistic Approach to Business Growth and Sustainability
• GRC Summit 2024 (Master Class + Seminar)
• Market Conduct Implementation Strategy: Building Trust and Improving the Performance of the Financial Services Industry
• National Seminar on Financing Challenges in 2024
Legal Basis for Appointment
Appointed as Director of Mandiri Tunas Finance for the first time based on the Shareholders’ Resolution Outside the GMS to Hold an Annual GMS
(Circular Resolution) based on Deed of Resolution of Annual GMS No. 15 dated 29 March 2021. His position as Director is effective through a copy
of the Decree of the Members of the Board of Commissioners of the Financial Services Authority No. KEP-44/ KDK.05/2021 dated 31 August 2021
concerning the Results of the Fit and Proper Assessment of R. Eryawan Nurhariadi as Director. Reappointed for the second period as Director of
Mandiri Tunas Finance in the Shareholders’ Resolution Outside the GMS to Hold the Annual GMS based on the Deed of Resolution of Annual GMS
No. 236 28 dated June 2024.
Term of Office
• 29 March 2021 until the closing of the Annual GMS of the Financial Year 2023 (First Period)
• 28 June 2024 until the closing of the Annual GMS of the financial year 2026 (Second Period)
Concurrent Positions Professional Background
Does not hold concurrent • Executive Business Officer SME Banking Group PT Bank Mandiri (Persero) Tbk (2018-2021)
positions in other companies or • Supervisory Board of Mandiri Cooperation PT Bank Mandiri (Persero) Tbk (2020-2021)
institutions. • Portfolio & Capability Management, SME Banking Group Banking Department Head PT Bank Mandiri
(Persero) Tbk (2015-2018)
• Sales & Monitoring Business Banking I Group Department Head PT Bank Mandiri (Persero) Tbk (2008-
2015).
Affiliate Relationship
Has no affiliation with other members of the Board of Directors, members of the Board of Commissioners, or shareholders.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
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William Francis Indra
Director
Place and Year of Birth
Karawang, 1982
Age
42 as of
December 2024
Citizenship Domicile
Indonesia Tangerang
Education History
• Master in Management from Universitas Mercu Buana (2007).
• Bachelor’s degree in Mathematics from Universitas Padjadjaran (2004).
Certifications
Certification of Financing Expert for Directors (SPPI)
Training in 2024
• Carbon Trading and its Effect on Indonesia’s Economy
• Empowering Leadership: How Women Leaders Drive Company and Institution Performance
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
• How to Prevent Money Laundering and Terrorism Financing
• Building Spiritual Leadership: A Holistic Approach to Business Growth and Sustainability
• GRC Summit 2024 (Master Class + Seminar)
• Market Conduct Implementation Strategy: Building Trust and Improving the Performance of the Financial Services Industry
• International Seminar The Fed’s Interest and Enhancing Market Share through Technologies Transformation
• Driving Corporate Performance through Artificial Intelligence
• National Seminar on Financing Challenges in 2024
Legal Basis for Appointment
Appointed as Director of Mandiri Tunas Finance for the first time based on the Shareholders’ Resolution Outside the GMS to Hold the Annual
GMS (Circular Resolution) based on Deed of Resolution of Annual GMS No. 15 dated 29 March 2021. His position as Director is effective through a
copy of the Decree of the Members of the Board of Commissioners of the Financial Services Authority No. KEP-26/ KDK.05/2021 dated 6 July 2021
concerning the Results of the Fit and Proper Assessment of William Francis Indra as Director. Reappointed for the second period as Director of
Mandiri Tunas Finance in the Shareholders’ Resolution Outside the GMS to Hold the Annual GMS based on the Deed of Resolution of Annual GMS
No. 236 dated June 28, 2024.
Term of Office
• 29 March 2021 until the closing of the Annual GMS of the Financial Year 2023 (First Period)
• 28 June 2024 until the closing of the Annual GMS of the financial year 2026 (Second Period)
Concurrent Positions Professional Background
Does not hold concurrent • Chief of PT Mandiri Tunas Finance (2016-2021)
positions in other companies or • IT & Business Excellence Management Division Head PT Mandiri Tunas Finance (2013-2016)
institutions. • IT Operational & Planning Dept Head PT Mandiri Tunas Finance (2010-2013)
Affiliate Relationship
Has no affiliation with other members of the Board of Directors, members of the Board of Commissioners, or shareholders.
Share Ownership
Does not own any shares of the Company as of 31 December 2024
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Annual Report 2024 79
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AWAKENING A NEW SPIRIT LEADING THE MARKET
PROFILE OF
EXECUTIVE OFFICERS
(CHIEF)
B. Perana Citra Ketaren
Chief
Place and Year of Birth
Bogor, 1977
Age
47 as of
December 2024
Citizenship Domicile
Indonesia Bogor
Education History
Bachelor’s degree in Accounting Economics from Parahyangan University Bandung (2001).
Certifications
Certification of Financing Expert for Directors (SPPI)
Training in 2024
• Carbon Trading and Its Effect on Indonesia’s Economy
• Empowering Leadership : How Women Leaders Drive Company and Institution Performance
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry : Trends and Innovation
• How to Prevent Money Laundering and Terrorism Financing
• Building Spiritual Leadership: A Holistic Approach to Business Growth and Sustainability
• GRC Summit 2024 (Master Class + Seminar)
• Market Conduct Implementation Strategy: Building Trust and Improving Performance in the Financial Services Industry
• Driving Corporate Performance Through Artificial Intelligence
• Opportunities for Credit Growth After the Expiration of the Credit Restructuring Policy
Term of Office
Served as Chief based on Board of Directors Decree No. 00099/SK-HCP.SVC/HC/VI/2023 dated 30 June 2023.
Concurrent Positions Professional Background
Does not hold concurrent • Finance & Accounting Division Head PT Mandiri Tunas Finance (2015-2016)
positions in other companies or • AR Management Division Head PT Mandiri Tunas Finance (2013-2014)
institutions. • AR Performance & Development Dept. Head of PT Mandiri Tunas Finance (2010-2012)
• Project Manager for Operations of PT Mandiri Tunas Finance (2009-2010)
Affiliate Relationship
Has no affiliation with other members of the Board of Directors, members of the Board of Commissioners, or shareholders.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
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03
Afri Feder Fauzi
Chief
Place and Year of Birth
Jakarta, 1981
Age
43 as of
December 2024
Citizenship Domicile
Indonesia South Tangerang
Education History
Bachelor’s degree in Business Administration from Brawijaya University Malang (2004).
Certifications
Certification of Financing Expert for Directors (SPPI)
Training in 2024
• Book Review on Bank Cybersecurity
• 3rd BOD Briefing
• EV Insurance, International Best Practices for Innovation of New Energy Products and Services
• Carbon Trading and Its Effect on Indonesia’s Economy
• Empowering Leadership: How Women Leaders Drive Company and Institution Performance
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
• How to Prevent Money Laundering and Terrorism Financing
• International Seminar The Fed’s Interest and Enhancing Market Share through Technologies Transformation
• Driving Corporate Performance through Artificial Intelligence
• Credit Growth Opportunities After the Expiration of the Credit Restructuring Policy
• National Seminar on Financing Challenges in 2024
Term of Office
Served as Chief based on Board of Directors Decree No. 00101/SK-HCP.SVC/HC/VI/2023 dated 30 June 2023.
Concurrent Positions Professional Background
Does not hold concurrent • Strategic Marketing & Product Division Head PT Mandiri Tunas Finance (2018-2022)
positions in other companies or • Marketing & Product Development Division Head PT Mandiri Tunas Finance (2015-2018)
institutions. • Marketing & Product Development Deputy Division Head PT Mandiri Tunas Finance (2014-2015)
• Dealer Relation Management Department Head PT Mandiri Tunas Finance (2013-2014)
• Branch Manager PT Mandiri Tunas Finance (2012-2013)
Affiliate Relationship
Has no affiliation with other members of the Board of Directors, members of the Board of Commissioners, or shareholders.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
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Annual Report 2024 81
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Devi Maladianti
Chief
Place and Year of Birth
Jakarta, 1975
Age
49 as of
December 2024
Citizenship Domicile
Indonesia East Jakarta
Education History
• Master in Management from Bandung Institute of Technology (2024)
• Bachelor in Accounting Economics from Gunadarma University (2004)
Certifications
• Risk Management Certification recertification level 5
• Financing Expert Certification for Directors (SPPI)
• Banking Risk Management Certification (LSPP)
Training in 2024
• Carbon Trading and Its Effect on Indonesia’s Economy
• Empowering Leadership: How Women Leaders Drive Company and Institution Performance
• National Seminar on Economic Outlook 2025
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
• How to Prevent Money Laundering and Terrorism Financing
• Building Spiritual Leadership: A Holistic Approach to Business Growth and Sustainability
• Seminar GRC Summit 2024
• Implementation Strategy of Market Conduct: Building Trust and Improving Financial Services Industry Performance
• International Seminar The Fed’s Interest and Enhancing Market Share through Technologies Transformation
• Driving Corporate Performance through Artificial Intelligence
• National Seminar on Financing Challenges Amidst Geopolitical and Economic Changes
• Financing Expert Certification Training
Term of Office
Served as Chief based on Decision Letter No. 00022/SK-HCP.SVC/HC/02/2024 dated 1 February 2024.
Concurrent Positions Professional Background
Does not hold concurrent • Retail Credit Risk System & Strategy Department Head PT Bank Mandiri (Persero) Tbk (March 2018 - 2024)
positions in other companies or • Anti Fraud Strategy & Prevention Department Head PT Bank Mandiri (Persero) Tbk (March 2017 - 2018)
institutions. • Anti Fraud StrategyDepartment Head PT Bank Mandiri (Persero) Tbk (January 2017 - March 2017)
• Secured Credit Department Head PT Bank Mandiri (Persero) Tbk (2016-2017)
• Fraud Risk StrategyDepartment Head PT Bank Mandiri (Persero) Tbk (2015-2016).
Affiliate Relationship
Has no affiliation with other members of the Board of Directors, members of the Board of Commissioners, or shareholders.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
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03
Muhamad Suryadi
Chief
Place and Year of Birth
Palembang, 1972
Age
52 as of
December 2024
Citizenship Domicile
Indonesia South Jakarta
Education History
• Master in Management from Gadjah Mada University (2011)
• Bachelor in Management Economics from Sriwijaya University (1996)
Certifications
SCertification of Financing Expert for Directors (SPPI)
Training in 2024
• Strengthening Financial Integrity: Advanced Strategies and Innovations in Anti-Fraud
• Bank Cybersecurity Book Review
• 3rd BOD Briefing
• EV Insurance, International Best Practices for Innovation of New Energy Products and Services
• Carbon Trading and Its Effect on Indonesia’s Economy
• Empowering Leadership: How Women Leaders Drive Company and Institution Performance
• Financing Expert Certification Training
• Understanding the Climate Landscape for Financial Institutions
• The Future of Data Analytics in the Financial Industry: Trends and Innovations
Term of Office
Served as Chief based on Decision Letter No. 000302/SK-HCP.HCS/HC/IX/2024 dated 2 September 2024.
Concurrent Positions Professional Background
Does not hold concurrent • Corporate Banking 5 Group SOE I Coverage 5 Department Head PT Bank Mandiri (Persero) Tbk (April –
positions in other companies or September 2024)
institutions. • Corporate Banking 2 Group – Sector Construction Department Head PT Bank Mandiri (Persero) Tbk
(2020-2024)
• Corporate Banking 4 Group – Sector Multi Industries 1 Department Head PT Bank Mandiri (Persero)
Tbk (2018-2020)
• Corporate Banking 4 Group – Sector Commodities Trading 1 Department Head PT Bank Mandiri
(Persero) Tbk (2017-2018)
Affiliate Relationship
Has no affiliation with other members of the Board of Directors, members of the Board of Commissioners, or shareholders.
Share Ownership
Does not own any shares of the Company as of 31 December 2024.
PT Mandiri Tunas Finance
Annual Report 2024 83
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AWAKENING A NEW SPIRIT LEADING THE MARKET
HEAD OF DIVISION AND/OR
EQUIVALENT POSITION
Directorate Position (One Level Below Board of Directors) Name
Under the Supervision of Corporate Audit Division Head Bayu Mario
President Director Corporate Secretary Division Head Dadan Hamdhani
Human Capital Division Head Makah Indra Purnomo
• Chief Human
HC Learning Division Head Makah Indra Purnomo
Capital & Legal
Legal & Litigation Division Head Arief Aphrian Lambri
Current AR Management Division Head A Tatep Fathurohman
SAM & Remedial Management Division Head Wicaksono Adi
• Chief AR Management
Recovery Management Division Head Rully Rianto F.
& General Service
Fleet AR Management Division Head Vacant
Credit Operation & General Service Division Head Yeremias
Treasury & Finance Division Head Ramdhan Safitri
Accounting, Tax & Financial Planning Division Head Rina Floriana R.
Under the Supervision Corporate Planning & Performance Management
Citra Judith Lupitadevi
of Director Corporate Division Head
Finance & Risk Retail Credit Risk Division Head Ivan Ferdinand Thanta
Management
Corporate Credit Risk Division Tri Sakti Yulianto
Jekson Benardo
Executive Credit Officer
Simanjuntak
Retail Risk Management Division Head Indra Budi Laksana
• Chief Risk Management
Operational & Corporate Risk Management Division Head Vitriati Hartika Tapiheroe
Regional Division Head Regional 1 Elwis Tunendra
Regional Division Head Regional 2 Puji Biso Santoso
Regional Division Head Regional 3 Mardi Fahmi
Regional Division Head Regional 4 Ari Paisal Rohman
Regional Division Head Regional 5 Sukandar
Under the Supervision of Regional Division Head Regional 6 Ivan Ferdinand Thanta
Sales & IT Director Regional Division Head Regional 7 Ronald Rajagukguk
Regional Division Head Regional 8 Gun Gun Wildan
Regional Division Head Regional 9 Irianto Musdiono
Business & Operation Support Division Head Yeremias
Information Technology Division Head Kanda Octaviano
Digital Transformation Division Head Kanda Octaviano
84 PT Mandiri Tunas Finance
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>> Company Profile
03
Directorate Position (One Level Below Board of Directors) Name
Strategic Marketing & Communication Division Head Camar Sativa
Marketing Division Head Andes Saputra
• Chief Marketing
Multiguna Division Head Ruly Widyanto
Business Project Unit Wawan Yuliyanto
Mandiri Liaison 1 Division Head Andre Tigor
Mandiri Liaison 2 Division Head Jarnawi
Bragent Parlinggoman
• Chief Captive Business Corporate Fleet 1 Division Head
Tambunan
Corporate Fleet 2 Division Head Supriadi Waskito Susilo
Executive Business Officer Vacant
PT Mandiri Tunas Finance
Annual Report 2024 85
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AWAKENING A NEW SPIRIT LEADING THE MARKET
EMPLOYEE
DEMOGRAPHICS
2024 3.384
2023 3.328
2022 3.306
2021 3.236
2020 3.395
Number of Employees Based on Organization Level/Position
2024 2023 Increase
Organization Level/Position
M F Total % M F Total % (Decrease)(%)
Executives
Commissioner 4 0 4 0,12 3 0 3 0,09 33,33
Director 3 0 3 0,09 3 0 3 0,09 0,00
Chief 3 1 4 0,12 3 0 3 0,09 33,33
Sub Total 10 1 11 0,33 9 0 9 0,27 22,22
Supporting Committee/
4 0 4 0,12 4 0 4 0,12 0,00
Organization
Division Head 31 3 34 1,00 31 3 34 1,02 0,00
Deputy Division Head 7 5 12 0,35 3 1 4 0,12 200,00
Manager 236 72 308 9,10 226 69 295 8,86 4,41
Supervisor 890 394 1.284 37,94 824 372 1.196 35,94 7,36
Staff 1169 562 1.731 51,15 1218 568 1.786 53,67 (3,08)
Total 2.357 1.038 3.384 100 2.331 975 3.306 100 2,36
Description: M= Male | F= Female
86 PT Mandiri Tunas Finance
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>> Company Profile
03
Number of Employees by Region and Division
2024 2023 Increase
Work Location/Placement
M F Total % M F Total % (Decrease) (%)
Corporate Fleet 40 25 65 1,92 37 23 60 1,8 8,33
Head Office 416 278 694 20,51 370 260 630 18,93 10,16
Regional 1 158 55 213 6,29 159 52 211 6,34 0,95
Regional 2 267 83 350 10,34 288 82 370 11,12 (5,41)
Regional 3 242 89 331 9,78 234 89 323 9,71 2,48
Regional 4 197 104 301 8,89 203 100 303 9,1 (0,66)
Regional 5 180 80 260 7,68 181 78 259 7,78 0,39
Regional 6 195 65 260 7,68 203 65 268 8,05 (2,99)
Regional 7 269 107 376 11,11 269 104 373 11,21 0,80
Regional 8 172 72 244 7,21 167 77 244 7,33 0,00
Regional 9 211 79 290 8,57 204 83 287 8,62 1,05
Total 2.347 1.037 3.384 100 2.331 975 3.306 100 2,36
Description: M= Male | F= Female
Number of Employees Based on Education Level
2024 2023 Increase
Education Level
M F Total % M F Total % (Decrease) (%)
Doctorate Degree 0 0 0 0 0 0 0 0 -
Master’s Degree 43 19 62 1,83 35 15 50 1,50 24,00
Bachelor’s Degree 1.703 820 2.523 74,56 1.654 792 2.446 73,50 3,15
Diploma (D3, D2, D1) 345 183 528 15,6 349 188 537 16,14 (1,68)
High school and equivalent 256 15 271 8,01 277 18 295 8,86 (8,14)
Total 2.347 1.037 3.384 100 2.331 975 3.306 100 2,36
Description: M= Male | F= Female
Number of Employees Based on Employment Status
2024 2023 Increase
Employment Status
M F Total % M F Total % (Decrease) (%)
Contract 408 191 599 17,70% 339 178 517 15,53% 15,86
Contract 1.938 845 2.783 82,24% 1.973 835 2.808 84,38% (0,89)
Probation 1 1 2 0,06% 3 0 3 0,09% (33,33)
Total 2.347 1.037 3.384 100% 2.331 975 3.306 100 2,36
Description: M= Male | F= Female
PT Mandiri Tunas Finance
Annual Report 2024 87
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Number of Employees by Age Range
2024 2023 Increase
Age Range
M F Total % M F Total % (Decrease) (%)
> 50 years old 107 22 129 3,81 90 17 107 3,22 20,56
40-49 years old 748 174 922 27,25 701 146 847 25,45 8,85
30-39 years old 1.129 533 1.662 49,11 1.177 524 1.701 51,11 (2,29)
20-29 years old 363 308 671 19,83 347 326 673 20,22 (0,30)
< 20 years old 0 0 0 0 0 0 0 0 -
Total 2.347 1.037 3.384 100 2.331 975 3.306 100 2,36
Description: M= Male | F= Female
Number of Employees by Length of Service
2024 2023 Increase
Length of Service
M F Total % M F Total % (Decrease) (%)
> 9 years 1.160 513 1.673 49,44 1018 459 1477 44,38 13,27
5 - 9 years 542 199 741 21,9 599 201 800 24,04 (7,38)
3 - 5 years 131 91 222 6,56 282 108 390 11,72 (43,08)
1 - 3 years 325 170 495 14,63 233 174 407 12,23 21,62
< 1 years 189 64 253 7,48 183 71 254 7,63 (0,39)
Total 2.347 1.037 3.384 100 2.331 975 3.306 100 2,36
Description: M= Male | F= Female
Number of Employees by Gender
2024 2023 Increase
Gender
Total % Total % (Decrease) (%)
Male 2.347 69,36 2.315 69,56 1,38
Female 1.037 30,64 1.013 30,44 2,37
Total 3.384 100 3.306 100 2,36
Description: M= Male | F= Female
88 PT Mandiri Tunas Finance
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03
EDUCATION AND/OR TRAINING
OF THE BOARD OF COMMISSIONERS, DIRECTORS,
COMMITTEES, CORPORATE SECRETARY, INTERNAL
AUDIT, AND RISK MANAGEMENT
Types of
Name and
Education and Education and Training Materials Place and Time Organizer
Position
Training
Board of Commissioners
Rico Adisurja Public Training National Seminar on Financing Challenges in 2024 Jakarta, 30 Jan 2024 APPI
Setiawan
(President Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
Commissioner)
Public Training The Future of Data Analytics in the Financial Industry: Jakarta 12 Sep 2024 OJK Institute
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 OJK Institute
Public Training Book Review on Bank Cybersecurity Jakarta, 07 Nov 2024 OJK Institute
Public Training Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 OJK Institute
Anti Fraud
Fendy Public Training National Seminar on Financing Challenges in 2024 Jakarta, 30 Jan 2024 APPI
Eventius Mugni
(Independent Public Training Training Basic Multifinance Business Bandung, 11-12 Jan 2024 Duta Pro Training
Commissioner) and Consulting
Public Training National Seminar on Growth in the P2SK Law Arrangement Bali, 06 Mar 2024 APPI
Public Training Training Certification in Audite Committee Practices Batch 40 Jakarta, 20-22 & 27 May IKAI
2024
Public Training Training Master Class Risk Governance - QRGP Certification Jakarta, 15, 16, 17 Juli 2024 CRMS
Public Training Strategic Planning for 2025 - Formulating the new Path for Profitability Labuan Bajo, 12-13 Sep 2024 Markplus
Institute
Public Training The Future of Data Analytics in the Financial Industry: Jakarta, 12 Sep 2024 OJK Institute
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 OJK Institute
Public Training Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 OJK Institute
Anti Fraud
Saptari Public Training Basic Commissioner Certification Jakarta, 30, 31 Jul 24 SPPI
(Commissioner)
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
Public Training The Future of Data Analytics in the Financial Industry: Jakarta, 12 Sep 2024 OJK Institute
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 OJK Institute
Public Training Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 OJK Institute
Anti Fraud
Inhouse Training Internal Briefing for Commissioners Jakarta, 30, 31 Jul 2024 SPPI
Board of Directors
Pinohadi G. Public Training National Seminar on Growth in the P2SK Law Arrangement Bali, 06 Mar 2024 APPI
Sumardi
(President Public Training National Seminar on the Challenges of Financing Amid Geopolitical and Jakarta, 04 Jun 2024 APPI
Director) Economic Change
Public Training Driving Corporate Performance through Artificial Intelligence Jakarta, 25 Jul 2024 OJK Institute
Public Training International Seminar on The Fed’s Interest and Enhancing Market Share Jakarta, 06 Aug 2024 APPI
through Technologies Transformation
PT Mandiri Tunas Finance
Annual Report 2024 89
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Types of
Name and
Education and Education and Training Materials Place and Time Organizer
Position
Training
Public Training Building Spiritual Leadership: A Holistic Approach to Business Growth and Jakarta, 22 Aug 2024 OJK Institute
Sustainability
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 Markplus Institute
Public Training Strategic Planning for 2025 - Formulating the new Path for Profitability Labuan Bajo, 12-13 Sep 2024 OJK Institute
Public Training The Future of Data Analytics in the Financial Industry: Jakarta, 12 Sep 2024 OJK Institute
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 APPI
Public Training National Seminar on Economic Outlook 2025 Jakarta, 01 Oct 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 OJK Institute
Public Training Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 GPS
Anti Fraud
Public Training Re-certification of Level 5 Risk Management Certification Jakarta, 5-6 Dec 2024 APPI
R. Eryawan Public Training National Seminar on Financing Challenges in 2024 Jakarta, 30 Jan 2024 OJK Institute
Nurhariadi
(Director) Public Training Market Conduct Implementation Strategy: Building Trust and Improving the Jakarta, 08 Aug 2024 CRMS
Performance of the Financial Services Industry
Public Training GRC Summit 2024 (Master Class + Seminar) Jakarta, 22 Aug 2024 OJK Institute
Public Training Building Spiritual Leadership: A Holistic Approach to Business Growth and Jakarta, 22 Aug 2024 OJK Institute
Sustainability
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
Public Training The Future of Data Analytics in the Financial Industry: Trends and Jakarta, 12 Sep 2024 OJK Institute
Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 APPI
Public Training National Seminar on the Economic Outlook 2025 Jakarta, 01 Oct 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 GPS
Public Training Re-certification of Level 5 Risk Management Certification Jakarta, 5-6 Dec 2024 APPI
William Public Training National Seminar on Tantangan Pembiayaan Tahun 2024 Jakarta, 30 Jan 2024 OJK Institute
Francis Indra
(Director) Public Training Driving Corporate Performance through Artificial Intelligence Jakarta, 25 Jul 2024 APPI
Public Training International Seminar on The Fed’s Interest and Enhancing Market Share Jakarta, 06 Aug 2024 OJK Institute
through Technologies Transformation
Public Training Market Conduct Implementation Strategy: Building Trust and Improving the Jakarta, 08 Aug 2024 CRMS
Performance of the Financial Services Industry
Public Training GRC Summit 2024 (Master Class + Seminar) Jakarta, 22 Aug 2024 OJK Institute
Public Training Building Spiritual Leadership: A Holistic Approach to Business Growth and Jakarta, 22 Aug 2024 OJK Institute
Sustainability
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
Public Training The Future of Data Analytics in the Financial Industry: Trends and Jakarta, 12 Sep 2024 OJK Institute
Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 OJK Institute
Chief
Afri Feder Fauzi Public Training National Seminar on Financing Challenges in 2024 Jakarta, 30 Jan 2024 APPI
(Chief)
Public Training Opportunities for Credit Growth After the Expiration of the Credit Jakarta, 22 May2024 OJK Institute
Restructuring Policy
Public Training Driving Corporate Performance through Artificial Intelligence Jakarta, 25 Jul 2024 OJK Institute
Public Training Seminar Internasional The Fed’s Interest and Enhancing Market Share Jakarta, 06 Aug 2024 APPI
through Technologies Transformation
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
90 PT Mandiri Tunas Finance
Annual Report 2024
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>> Company Profile
03
Types of
Name and
Education and Education and Training Materials Place and Time Organizer
Position
Training
Public Training The Future of Data Analytics in the Financial Industry: Jakarta, 12 Sep 2024 OJK Institute
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 Intipesan
Public Training EV Insurance, International Best Practices for Innovation of New Energy Jakarta, 31 Oct 2024 OJK Institute
Product and Services
Public Training 3rd BOD Briefing Jakarta, 6-7 Nov 2024 OJK Institute
Public Training BBook Review on Bank Cybersecurity Jakarta, 07 Nov 2024 OJK Institute
B. Perana Public Training Opportunities for Credit Growth After the Expiration of the Credit Jakarta, 22 May 2024 OJK Institute
Citra Ketaren Restructuring Policy
(Chief)
Public Training Driving Corporate Performance through Artificial Intelligence Jakarta, 25 Jul 2024 CRMS
Public Training Market Conduct Implementation Strategy: Building Trust and Improving the Jakarta, 08 Aug 2024 OJK Institute
Performance of the Financial Services Industry
Public Training GRC Summit 2024 (Master Class + Seminar) Jakarta, 22 Aug 2024 OJK Institute
Public Training Building Spiritual Leadership: A Holistic Approach to Business Growth and Jakarta, 22 Aug 2024 OJK Institute
Sustainability
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
Public Training The Future of Data Analytics in the Financial Industry: Jakarta, 12 Sep 2024 OJK Institute
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 SPPI
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 APPI
Devi Maladianti Public Training Financing Expert Certification Training Jakarta, 28 May 2024 OJK Institute
(Chief)
Public Training National Seminar on the Challenges of Financing Amid Geopolitical and Jakarta, 04 Jun 2024 APPI
Economic Change
Public Training Driving Corporate Performance through Artificial Intelligence Jakarta, 25 Jul 2024 OJK Institute
Public Training Inrternational Seminar on The Fed’s Interest and Enhancing Market Share Jakarta, 06 Aug 2024 CRMS
through Technologies Transformation
Public Training Market Conduct Implementation Strategy: Building Trust and Improving the Jakarta, 08 Aug 2024 OJK Institute
Performance of the Financial Services Industry
Public Training GRC Summit 2024 Seminar 2024 Jakarta, 22 Aug 2024 OJK Institute
Public Training Building Spiritual Leadership: A Holistic Approach to Business Growth and Jakarta, 22 Aug 2024 OJK Institute
Sustainability
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
Public Training The Future of Data Analytics in the Financial Industry: Jakarta, 12 Sep 2024 APPI
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training National Seminar on Economic Outlook 2025 Jakarta, 01 Oct 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 GPS
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 OJK Institute
Public Training Re-certification of Level 5 Risk Management Certification Jakarta, 5-6 Dec 2024 OJK Institute
Muhamad Public Training The Future of Data Analytics in the Financial Industry: Trends and Jakarta, 12 Sep 2024 SPPI
Suryadi Innovations
(Chief)
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 24 Sep 2024 OJK Institute
Public Training Financing Expert Certification Training Jakarta, 02 Oct 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 Intipesan
Public Training EV Insurance, International Best Practices for Innovation of New Energy Jakarta, 31 Oct 2024 OJK Institute
Product and Services
PT Mandiri Tunas Finance
Annual Report 2024 91
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Types of
Name and
Education and Education and Training Materials Place and Time Organizer
Position
Training
Public Training 3rd BOD Briefing Jakarta, 6-7 Nov 2024 Jakarta
Public Training Book Review on Bank Cybersecurity Jakarta, 07 Nov 2024 Online
Public Training Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 Online
Anti Fraud
Audit Committee
Marlan Marthias Public Training Training Certification in Audite Committee Practices Batch 40 Jakarta, 20-22 & 27 Mei- IKAI
Achmad 2024
Public Training The Future of Data Analytics in the Financial Industry: Trends and Jakarta, 12 Sep 2024 OJK Institute
Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Okt 2024 OJK Institute
Indra Riyawan Public Training Training Certification in Audite Committee Practices Batch 40 Jakarta, 20-22 & 27 Mei-2024 IKAI
Public Training Training Master Class Risk Governance - QCRO Certification Jakarta, 15, 16, 17 Juli 2024 CRMS
Public Training The Future of Data Analytics in the Financial Industry: Jakarta, 12 Sep 2024 OJK Institute
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Nomination & Remuneration Committee
Fendy Public Training National Seminar on Financing Challenges in 2024 Jakarta, 30 Jan 2024 APPI
Eventius Mugni
(Komisaris Public Training Training Basic Multifinance Business Bandung, 11-12 Jan 2024 Duta Pro Training
Independen) and Consulting
Public Training National Seminar on Growth in the P2SK Law Arrangement Bali, 06 Mar 2024 APPI
Public Training Training Certification in Audite Committee Practices Batch 40 Jakarta, 20-22 & 27 Mei 2024 IKAI
Public Training Training Master Class Risk Governance - QRGP Certification Jakarta, 15, 16, 17 Juli 2024 CRMS
Public Training Strategic Planning for 2025 - Formulating the new Path for Profitability Labuan Bajo, 12 - 13-Sep Markplus
2024 Institute
Public Training The Future of Data Analytics in the Financial Industry: Jakarta, 12 Sep 2024 OJK Institute
Trends and Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Okt 2024 OJK Institute
Public Training Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 OJK Institute
Anti Fraud
Risk Monitoring Committee
Irwan Trinugroho Public Training Training Master Class Risk Governance - QCRO Certification Jakarta, 15, 16, 17 Juli 2024 CRMS
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
Public Training The Future of Data Analytics in the Financial Industry: Trends and Jakarta, 12 Sep 2024 OJK Institute
Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Okt 2024 OJK Institute
Company Secretary
Dadan Hamdhani Public Training Kick Off Anti Fraud Jakarta, 15 Nov 2024 MTF
Public Training Transformational Leadership Bogor, 03 Des 2024 Zulkifli Zaini
Public Training Basic Financing Certification Training - Managerial Jakarta, 23 Jan 2025 LSPPI
Internal Audit
Bayu Mario Public Training Training Internal Auditor Sistem Manajemen Anti Penyuapan (SMAP) - Jakarta, 27 Ags 2024 PT Aurora Bisnis
implementasi ISO 37001 Sistem Manajemen Anti Penyuapan (SMAP) International
Public Training How to Prevent Money Laundering and Terrorism Financing Jakarta, 05 Sep 2024 OJK Institute
Public Training The Future of Data Analytics in the Financial Industry: Trends and Jakarta, 12 Sep 2024 OJK Institute
Innovations
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Okt 2024 OJK Institute
Institution Performance
Public Training Advanced Investigation Training and Case Study by BMRI Senior Jakarta, 4-5 Nov-2024 BMRI
Investigation Team
92 PT Mandiri Tunas Finance
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>> Company Profile
03
Types of
Name and
Education and Education and Training Materials Place and Time Organizer
Position
Training
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Okt 2024 Jakarta
Public Training Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 OJK Institute
Anti Fraud
Retail Risk Management
Indra Budi Public Training Basic Financing Certification Training - Managerial Jakarta, 13-15 May 2024 SPPI
Laksana
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Seminar on Economic Outlook 2025 Jakarta, 01 Oct 2024 APPI
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Public Training Training Internal Control over Financial Reporting (ICOFR) Jakarta, 18 & 20 Nov 2024 BMRI
Public Training Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 OJK Institute
Public Training Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 OJK Institute
Anti Fraud
Public Training Implementation of Internal Control Over Financial Reporting (ICOFR) Jakarta, 25-26 Nov 2024 BMRI
Consignment
Corporate Risk Management
Vitriati Hartika T Public Training Basic Financing Certification Training - Managerial Jakarta, 15-22 May 2024 SPPI
Public Training Understanding the Climate Landscape for Financial Institutions Jakarta, 26 Sep 2024 OJK Institute
Public Training Empowering Leadership: How Women Leaders Drive Company and Jakarta, 10 Oct 2024 OJK Institute
Institution Performance
Pelatihan Publik QCRO Training and Certification Jakarta, 6-7 Nov 2024 CRMS
Pelatihan Publik Training Internal Control over Financial Reporting (ICOFR) Jakarta, 18 & 20 Nov 2024 BMRI
Pelatihan Publik Carbon Trading and its Effect on Indonesia’s Economy Jakarta, 17 Oct 2024 OJK Institute
Pelatihan Publik Strenghtening Financial Integrity: Advanced Strategies and Innovations in Jakarta, 21 Nov 2024 OJK Institute
Anti Fraud
Pelatihan Publik Pelaksanaan Konsinyasi Internal Control Over Financial Reporting (ICOFR) Jakarta, 25-26 Nov 2024 BMRI
PT Mandiri Tunas Finance
Annual Report 2024 93
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AWAKENING A NEW SPIRIT LEADING THE MARKET
SHAREHOLDER STRUCTURE
AND COMPOSITION
Shareholding Composition of Mandiri Tunas Finance
1 January 2024 31 December 2024
Share Share
Shareholder Ownership Nominal Ownership
Number of Nominal Number of
Percentage (Rp) Percentage
Shares (Rp) Shares
(%) (%)
PT Bank Mandiri (Persero) Tbk 1,275,000,000 127,500,000,000 51.00 1,275,000,000 127,500,000,000 51.00
PT Tunas Ridean 1,225,000,000 122,500.000,000 49.00 1,225,000,000 122,500,000,000 49.00
Jumlah 2.500.000.000 250.000.000.000 100,00 2.500.000.000 250.000.000.000 100.00
51.00% 49.00%
PT Bank Mandiri (Persero) Tbk PT Tunas Ridean
INFORMATION ON MANDIRI TUNAS FINANCE
SHARE OWNERSHIP BY KEY MANAGEMENT
Direct and Indirect Share Ownership of Mandiri Tunas Finance by the Board
of Commissioners and Directors
Board of Commissioners and Direct Ownership of MTF Indirect Ownership of MTF
Position Shares Shares
Directors
Board of Commissioners
Rico Adisurja Setiawan President Commissioner None None
Totok Priyambodo* Commissioner None None
Saptari** Commissioner None None
Fendy Eventius Mugni Independent Commissioner None None
Subarna*** Independent Commissioner None None
Board of Directors
Pinohadi G. Sumardi President Director None None
William Francis Indra Director None None
R. Eryawan Nurhariadi Director None None
Description:
*Mr. Totok’s resignation as Commissioner of the Company has been accepted by the Shareholders in the Extraordinary General Meeting of Shareholders as stated in the Deed of Resolution of
the Extraordinary General Meeting of Shareholders No. 48 dated 5 June 2024.
**Has been appointed by the Shareholders of the Company based on the Resolution of the Annual General Meeting of Shareholders of PT Mandiri Tunas Finance No. 236 dated 28 June 2024
and has received approval from the Financial Services Authority (OJK) for the fit and proper test on 18 October 2024.
***Has been appointed by the Shareholders of the Company based on the Resolution of the Extraordinary General Meeting of Shareholders of PT Mandiri Tunas Finance No. 16 dated 5
November 2024. The appointment is effective after obtaining approval from the Financial Services Authority (OJK) for the fit and proper test.
None = does not own MTF shares
94 PT Mandiri Tunas Finance
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Information on Major Shareholders and/or Controlling Shareholders Up to
the Ultimate Beneficial Owner
The Major/Controlling Shareholder of the Company is PT Bank Mandiri (Persero) Tbk, which owns 51.00% of the
Company’s shares, while PT Tunas Ridean owns 49.00% of the Company’s shares. Below is the shareholding
structure up to the ultimate beneficial owner.
Shareholder Structure
Government of
the Republic of PT Tunas Jardine Cycle & PT Tunas Pemegang
Indonesia Publik
Andalan Pratama Carriage Ltd Ridean Saham Lainnya
Public
52.00% 48.00% 46.24% 46.24% 7.50% 0.02%
PT Bank Mandiri PT Tunas
(Persero) Tbk Ridean
51.00% 49.00%
PT Mandiri Tunas Finance
PT Bank Mandiri (Persero) Tbk
PT Bank Mandiri (Persero) Tbk, hereinafter referred Over time, backed by extensive experience and
to as “Bank Mandiri”, was established on 2 October capabilities in providing banking services–especially
1998 in the Republic of Indonesia by Notarial in the corporate credit segment–Bank Mandiri
Deed Sutjipto, S.H., No. 10, based on Government continues to be regarded as one of the largest state-
Regulation No. 75 of 1998 dated 1 October 1998. owned banks in Indonesia in terms of total assets,
Bank Mandiri was established through the merger of loans and deposits.
4 (four) state-owned banks, namely PT Bank Bumi
Daya (Persero), PT Bank Dagang Negara (Persero), PT As a state-owned bank operating in the middle of the
Bank Ekspor Impor Indonesia (Persero), and PT Bank largest population in the world, and in order to realize
Pembangunan Indonesia (Persero). On 14 July 2003, its long-term aspirations in 2020 - 2024, namely “To
Bank Mandiri conducted an Initial Public Offering be your preferred financial partner”, Bank Mandiri
under the stock code “BMRI” of 20% or the equivalent consistently focuses on 2 (two) things, namely
of 4 billion shares.
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
• Commitment to building long-term relationships • Take an active role in driving Indonesia’s long-term
based on trust with both business and individual growth and always generate consistently high
customers. Bank Mandiri serves all customers returns for shareholders.
with international service standards through the To achieve this, Bank Mandiri continuously improves
provision of innovative financial solutions. Bank its position and capabilities in the national banking
Mandiri wants to be recognized for its excellent industry by taking into account rapid technological
performance, human resources and teamwork. developments, increasingly dynamic customer needs,
and the demographics of Indonesian society.
General Information of PT Bank Mandiri (Persero) Tbk
Company Name Business Network
PT Bank Mandiri (Persero) Tbk 1 Head Office
Date of Establishment
139 Branch Offices
2 October 1998 9 Subsidiaries and 4 Grandchildren
(including 1 Grandchild)
Line of Business 2,053 Sub-Branches
Banking
12,892 ATMS
Share Listing 7 Overseas Offices
(5 Overseas Branches and 2 Subsidiaries)
Indonesia Stock Exchange, 14 July 2003
Securities Code Number of Employees
BMRI 38,898 people (2024)
Financial Performance as of 31 December 2024 (millions Rupiah)
Total Consolidated Assets Rp2,427,223,262
Total Consolidated Customer Deposits Rp1,698,896,916 (including temporary shirkah funds)
Total Consolidated Equity Rp313,474,681
Total Consolidated Interest and Sharia Income - Net Rp101,756,920
Total Consolidated Net Income for the Year: Rp61,165,121 (including net profit for the year attributable
to non-controlling interest)
Head Office Address
Plaza Mandiri
Jl. Jenderal Gatot Subroto Kav. 36-38 | Jakarta 12190-Indonesia
Telp : +6221 5265045 | Fax : +6221 5274477, 527557
Email : corporate.communication@bankmandiri.co.id
Web : www.bankmandiri.co.id
96 PT Mandiri Tunas Finance
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Composition of the Board of Commissioners and Directors of PT Bank Mandiri (Persero)
Tbk as of 31 December 2024
BOARD OF COMMISSIONERS BOARD OF DIRECTORS
President Commissioner/ President Director Darmawan Junaidi
Muhamad Chatib Basri
Independent Commissioner
Vice President Director Alexandra Askandar
Vice President Commissioner/
Zainudin Amali Compliance and HR Director Agus Dwi Handaya
Independent Commissioner
Director of Corporate Banking Riduan
Independent Commissioner Loeke Larasati Agoestina
Director of Network & Retail Banking Aquarius Rudianto
Independent Commissioner Muliadi Rahardja
Director of Operation Toni E. B. Subari
Independent Commissioner Heru Kristiyana
Director of Institutional Relations Rohan Hafas
Commissioner Tedi Bharata
Director of Finance & Strategy Sigit Prastowo
Commissioner Rionald Silaban
Director of Information Technology Timothy Utama
Commissioner Arif Budimanta Director of Treasury & International
Eka Fitria
Banking
Commissioner Faried Utomo
Director of Risk Management Danis Subyantoro
Commissioner Muhammad Yusuf Ateh
Commercial Banking Director Totok Priyambodo
PT Tunas Ridean
PT Tunas Ridean, from now on referred to as spread across Indonesia. Tunas Group operates a
“Tunas Group”, is the founding shareholder of the network of sales outlets and after-sales services for
Company. Tunas Group is a family company named major automotive brands through PT Tunas Ridean
Tunas Indonesia Motor, which has been operating (Tunas Toyota), PT Tunas Mobilindo Perkasa (Tunas
since 1967. In 1980, Tunas Group integrated all its Daihatsu and Tunas Peugeot), PT Tunas Mobilindo
business units into a single holding company, PT Parama (Tunas BMW), and PT Tunas Dwipa Matra,
Tunas Ridean. The Company was then listed on the main dealer of Honda motorcycles for Lampung.
the Indonesia Stock Exchange in 1995 through the The Company through PT Tunas Aset Sarana (Tunas
corporate action of the Initial Public Offering under Used Car) also operates BMW Premium Selection
the stock code “TURI”. used car sales service.
In 2012, Tunas Group expanded its network of In addition, Tunas Group also operates short-term
automotive brand sales and after-sales service and long-term vehicle leasing and fleet management
outlets through the acquisition of authorized Isuzu services through PT Surya Sudeco (Tunas Rent). PT
brand dealer PT Rahardja Ekalancar, now named Surya Sudeco established a manpower services
Tunas Isuzu. In November 2014, PT Tunas Dwipa company named PT Mitra Asri Pratama and an
Matra together with a third party established PT auction house named PT Mega Armada Sudeco.
Asia Surya Perkasa, the main dealer of Honda
motorcycles for the Bangka Belitung region. In mid-2022, Tunas Group made the decision to go
private and voluntarily delisted from the Indonesia
Today, Tunas Group has become the largest Stock Exchange. PT Tunas Ridean officially became
independent automotive group with 169 outlets a private company on 6 April 2023.
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AWAKENING A NEW SPIRIT LEADING THE MARKET
General Information on PT Tunas Ridean
Company Name Share Listing
PT Tunas Ridean Indonesia Stock Exchange, 16 May 1995, stock
code “TURI” Become a Closed CompanyPrivate
Company on 6 April 2023.
Date of Establishment
24 July 1980 Securities Code
Line of Business
TURI
Agency, Distribution, Industry, Trade, and
Transportation. Business Network
169 outlets spread throughout Indonesia.
Number of Employees
4,259 people (2024)
Financial Performance as of 31 December 2024 (millions Rupiah)
Total Aset Consolidated Rp9,739,857
Total Equity Consolidated Rp6,171,648
Total Net Income Consolidated Rp17,525,849
Total Net Profit for the Yea Consolidated Rp1,259,676 (not yet audited)
Head Office Address
Jl. Raya Pasar Minggu No.7 Jakarta 12740, Indonesia
Phone : +6221 794 4788, 799 5621
Fax : +6221 150 0798
Email : info@tunasgroup.com
Web : www.tunasgroup.com
Composition of the Board of Commissioners and Directors of PT Tunas Ridean
as of 31 December 2024
BOARD OF COMMISSIONERS BOARD OF DIRECTORS
President Commissioner Anton Setiawan President Director Rico Adisurja Setiawan
Commissioner Hong Anton Leoman Director Tenny Febyana Halim
Commissioner Wilfrid Foo Tsu-Jin Director Nugraha Indra Permadi
Commissioner Alfredo Chandra Director Ester Tanudjaja
Director Andrew Ling
SHARE
ISSUANCE CHRONOLOGY
As of the end of 2024, the Company did not list its Therefore, there is no information on the chronology
shares on the stock exchange, although it is listed of issuance and listing of shares.
as a public company due to the issuance of bonds.
98 PT Mandiri Tunas Finance
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CHRONOLOGY OF
OTHER SECURITIES ISSUANCE
Since 2003, MTF has issued several Bonds whose In 2024, the Company issued the Continuous Bonds
funds are used entirely to strengthen the funding Bonds VI Mandiri Tunas Finance Phase III Year 2024
structure in supporting motor vehicle financing and Continuous Bonds VI Mandiri Tunas Finance Phase
activities. Although the Company has full support for IV Year 2024. The following is a table of bonds that are
funding facilities, especially Joint Financing from PT still outstanding and still in outstanding status as of
Bank Mandiri (Persero) Tbk, the Company continues to 31 December 2024. All bonds issued by the Company
diversify funding to support the Company’s business are listed on the Indonesia Stock Exchange (IDX). Other
performance. In addition, the issuance of the Bonds than the bonds below, the Company does not issue any
also aims to maintain good relations with investors and securities in other forms.
maintain the Company’s existence as a leading finance
company in Indonesia.
Interest
Issue Credit Total Interest Date of Tempo
Year Bonds Payment Status
Rank (Rp Million) Rate Issuance Due Date
Frequency
2020 Continuous Bonds V idAA+ 386,000 8.60% p.a Quarterly 13 August 13 August Active/
MTF Phase I Series B 2020 2025 Outstanding
2021 Continuous Bonds V idAA+ 915,150 7.00% p.a Quarterly 20 May 20 May Active/
MTF Phase II Series A 2021 2024 Outstanding
Continuous Bonds V idAA+ 485,700 7.65% p.a Quarterly 20 May 20 May Active/
MTF Phase II Series B 2021 2026 Outstanding
2022 Continuous Bonds V idAA+ 851,440 5.90% p.a Quarterly 23 23 Active/
MTF Phase III Series A February February Outstanding
2022 2025
Continuous Bonds V idAA+ 376,615 6.75% p.a Quarterly 23 23 Active/
MTF Phase III Series B February February Outstanding
2022 2027
2023 Continuous Bonds VI idAAA 439,660 6.00% p.a Quarterly 11 Juy 11 July Active/
MTF Phase I Series A 2023 2026 Outstanding
Continuous Bonds VI idAAA 252,075 6.25% p.a Quarterly 11 July 11 July Active/
Phase I MTF Series B 2023 2028 Outstanding
Continuous Bonds VI idAAA 804,175 6.50% p.a Quarterly 27 27 Active/
MTF Phase II Series A September September Outstanding
2023 2026
Continuous Bonds VI idAAA 326,935 6.75% p.a Quarterly 27 27 Active/
MTF Phase II Series B September September Outstanding
2023 2028
2024 Continuous Bonds VI idAAA 81,590 7.00% p.a Quarterly 28 May 28 May Active/
Phase III MTF Series A 2024 2027 Outstanding
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Interest
Issue Credit Total Interest Date of Tempo
Year Bonds Payment Status
Rank (Rp Million) Rate Issuance Due Date
Frequency
Continuous Bond VI idAAA 1,081,495 7.25% p.a Quarterly 28 May 28 May Active/
Phase III MTF Series B 2024 2029 Outstanding
Continuous Bond VI idAAA 423,735 6.70% p.a Quarterly 19 19 Active/
Phase IV MTF Series A November November Outstanding
2024 2029
Continuous Bond VI idAAA 1,185,375 6.85% p.a Quarterly 19 19 Active/
Phase IV MTF Series B November November Outstanding
2024 2029
Note: The rating results are ratings assigned to bonds at the initial registration of bonds conducted by PEFINDO.
INFORMATION ON THE STRUCTURE OF THE GROUP AND ITS
SUBSIDIARIES, ASSOCIATES, AND
JOINT VENTURE (JV) AND SPECIAL PURPOSE VEHICLE (SPV)
As of the end of 2024, Mandiri Tunas Finance does not information on the line of business of subsidiaries
have any group structure, subsidiaries, associates, and/or associates, and information on the operating
equity participation, joint venture (JV), special purpose status of subsidiaries and/or associates. In addition,
vehicle (SPV), or joint operation (KSO). Therefore, the Company also does not have a group structure
there is no information on the name of subsidiaries and business groups.
and/or associates, percentage of share ownership,
100 PT Mandiri Tunas Finance
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PUBLIC
ACCOUNTANT
The Board of Commissioners is authorized to conduct Global Limited) as an external party to conduct an
the appointment process of prospective External audit of the Company’s financial statements for the
Auditors in accordance with the provisions of the Financial Year ending on 31 December 2024 and
procurement goods and services of the Company, determine the amount of honorarium, in accordance
and received approval in the Annual GMS dated 28 with the provisions of applicable laws and regulations,
June 2024 to appoint Public Accountant Purwantono, provided that the appointed public accountant is
Sungkoro & Surja (a member firm of Ernst & Young registered with OJK.
Public Accounting Firm and Public Accountant for the Last 5 Years
Year Public Accounting Firm Name of Accountant Services Provided Fee (Rp) Opinion
2024 Purwantono, Sungkoro & Surja (EY) Yasir, No. Izin AP.0703 General audit of Financial 1,265,400,000 Present fairly in all
STTD.KAP-03/PM.22/2018 Statements for fiscal year 2024 material respects
2023 Purwantono, Sungkoro & Surja (EY) Danil Setiadi Handaja, General audit of Financial 1,132,200,000 Present fairly in all
STTD.KAP-03/PM.22/2018 CPA No Izin AP.1008 Statements for fiscal year 2023 material respects
2022 Purwantono, Sungkoro & Surja (EY) Yovita No. Izin General audit of Financial 1,048,950,000 Present fairly in all
No. Izin KMK No. 603/KM.1/2015 AP.0242 Statements for fiscal year 2022 material respects
2021 Purwantono, Sungkoro & Surja (EY) Yovita No. Izin General audit of Financial 998,000,000 Present fairly in all
No. Izin KMK No. 603/KM.1/2015 AP.0242 Statements for fiscal year 2021 material respects
2020 Purwantono, Sungkoro & Surja (EY) Yovita No. Izin General audit of the Financial 950,000,000 Present fairly in all
No. Izin KMK No. 603/KM.1/2015 AP.0242 Statements for the fiscal year 2020 material respects
Other Services and KAP/Public Accountant Fees in 2024
In 2024, the Company appointed KAP Purwantono, Sungkoro & Surja for the issuance of the Accountant’s
Statement Letter (Comfort Letter). This service was agreed at a cost of Rp1,265,400,000 (after tax) with SPK
Number 082/SPK-PROC/MTF/III/2024.
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
SUPPORTING INSTITUTIONS
AND PROFESSIONS
Stock Trading and Listing
Name PT Bursa Efek Indonesia (BEI)
Gedung Bursa Efek Indonesia
Jl. Jend. Sudirman Kav 52-53
Jakarta 12190, Indonesia
Address
Phone: +62 21 515 0515
Email: callcenter@idx.co.id
Website: www.idx.co.id
• Trade Information
Services provided
• Annual Listing Fee
Assignment Period Year 2024
Custodian
Name PT Kustodian Sentral Efek Indonesia (KSEI)
Gedung Bursa Efek Indonesia
Menara 15th Floor
Jl. Jend. Sudirman Kav. 52-53.
Jakarta 12190
Address
Phone +62 21 5299 1099
Fax. +62 21 5299 1199
Email: helpdesk@ksei.co.id
Website: www.ksei.co.id
Provides services to administer securities that have been issued by securities depository and
Services provided
settlement service providers as well as distribution of corporate action results.
Assignment Period Year 2024
Company Rating Agency
Name PT Fitch Rating
DBS Bank Tower
24th Floor, Suite 2403
Address
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940
Services provided Provides an assessment or rating of the Company
Assignment Period Year 2024
Trustee
PT Bank Rakyat Indonesia (Persero) Tbk
Name
Trust & Corporate Services of Investment Services Division
Gedung BRI II 30th Floor
Address Jl. Jend. Sudirman Kav. 44-46
Jakarta 10210
Services provided Represents the interests of Bondholders
Assignment Period Year 2024
102 PT Mandiri Tunas Finance
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Underwriter of Securities Issuance
Name PT Pemeringkat Efek Indonesia (Pefindo)
Equity Tower 30th Floor, Sudirman Central Business District
Address Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190
Jasa yang Diberikan Responsible for organizing Public Offering
Assignment Period Year 2024
Underwriter of Securities Issuance
Nama PT Mandiri Sekuritas
Menara Mandiri Tower I 25th Floor
Address Jl. Jend. Sudirman Kav. 54-55
Jakarta 12190
Jasa yang Diberikan Responsible for organizing the Public Offering
Assignment Period Year 2024
Underwriter of Securities Issuance
Name PT Trimegah Sekuritas Indonesia Tbk
Gedung Artha Graha 18th & 19th Floor
Address Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190
Services provided Responsible for organizing the Public Offering
Assignment Period Year 2024
Underwriter of Securities Issuance
Name PT BRI Danareksa Sekuritas
Gedung BRI II 23rd Floor
Address Jl. Jend. Sudirman Kav. 44-46
Jakarta 10210
Services provided Responsible for organizing the Public Offering
Assignment Period Year 2024
Notary
Name Notaris & PPAT Ir. Nanette Cahyanie Handari Adi Warsito, S.H.
Jl. Panglima Polim V No. 11
Address Kebayoran Baru
Jakarta Selatan 12160
Services provided The preparation of agreements required in conducting the Continuous Public Offering of Bonds.
Assignment Period Year 2024
Legal Consultant
Name BM & Partners - Poernomo Idna Yashinta, S.H.
Wisma Haroen,
Address Jl. Raya Pasar Minggu No. 2A,
Jakarta Selatan
Conducts legal due diligence on company documents, prepares a comprehensive due diligence
Services provided
report, and provides legal opinions for the organization of Continuous Public Offering of Bonds.
Assignment Period Year 2024
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
COMPANY
WEBSITE
In accordance with the Financial Services Authority Division, and the corporate website (www.mtf.co.id/
(OJK) Regulation No. 8/POJK.04/2015 on the Website korporat), managed by the Corporate Secretary.
of Issuers or Public Companies, the Company has
provided Indonesian and English websites, which can MTF’s website also serves as a form of transparency
be easily accessed by all stakeholders. in the implementation of GCG principles, so that all
stakeholders can obtain various information related
The Company has an official website at www.mtf. to the Company. In addition, the Company’s website
co.id ,which is categorized into 2 (two) platforms: contains information on products and services
the product and service website (www.mtf.co.id) , provided by the Company. The information presented
managed by Strategic Marketing & Communication on the website is updated regularly.
104 PT Mandiri Tunas Finance
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Mandiri Tunas Finance Corporate Website Navigation www.mtf.co.id/korporat
Menu Scope of Content
Company Information • MTF History • Supporting Profession
• Company Organizational Structure • Articles of Association
• Shareholding Structure • Financing Products
• Company Group Structure • Awards
• Management
Corporate Governance • Governance Practices • Working Guidelines for Committees
• GCG Charter • Audit Committee Member
• Corporate Code of Conduct • Nomination and Remuneration Procedure
• Audit Committee Charter • Risk Management Policy
• Employee Code of Conduct • Whistleblowing System Mechanism Policy
Investor Information • Prospectus • AGM
• Annual Report • Bond Information
• Sustainability Report • Dividend Information
• Financial Report • Information Disclosure
• Ranking
Branch Network Channels to view MTF’s business network coverage across Indonesia
News & CSR • Corporate Activity News • Video Gallery
• CSR News • Media Coverage
Careers Microsite at www.karir.mtf.co.id providing information on job vacancies in the Company.
Contact Us Channels for sending web-based messages to the Company
Table of Information Fulfillment on the Company’s Website in accordance
with POJK No. 8/POJK.04/2015
Availability on
Scope of Information
MTF Website
Shareholder Information up to Ultimate Individual Beneficial Owner ✓
Code of Conduct Guidelines ✓
Information on the General Meeting of Shareholders (GMS), which should include at least the ✓
agenda items discussed during the GMS, a summary of the GMS minutes, and key dates such as the
announcement date of the GMS, the GMS convening date, the GMS date, and the date the summary of
the GMS minutes is announced.
Separate Annual Financial Statements (last 5 years) ✓
Annual Report for more than the last 5 years ✓
Profile of the Board of Commissioners and Directors ✓
Charters of the Board of Commissioners, Board of Directors, and Committees, Code of Ethics Guidelines, ✓
Office Address, and Whistleblowing System (WBS) Information.
Investor Information ✓
News & CSR ✓
PT Mandiri Tunas Finance
Annual Report 2024 105
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AWAKENING A NEW SPIRIT LEADING THE MARKET
OPERATIONAL
AREA
NAD
1
Medan I Tanjung Pinang
Sumatera Utara
Kepulauan Riau
8
Riau
2 Kalimantan Utara
Kalimantan Barat
Kalimantan Timur
Jambi
Sumatera Barat
Balikpapan
Bangka Belitung
Kalimantan Tengah
Palembang I 4
Bengkulu
Sumatera Selatan Kalimantan Selatan
3 5 6 7
REGIONAL 1
Lampung
SUMATRA
Duren Tiga
BSD
• MTF Medan DKI Jakarta Jawa Tengah
• MTF Medan II Bandung I
Banten Semarang
• MTF Medan Multiguna Surabaya II Nusa
• MTF Rantau Prapat Tenggara
Jawa Barat Barat
• MTF Batam D.I. Yogyakarata
• MTF Batam Multiguna
Jawa Timur
• MTF Tanjung Pinang Bali
• MTF Pekanbaru
• MTF Pekanbaru II
• MTF Pekanbaru Multiguna
• MTF Bengkalis (Duri)
REGIONAL 2 REGIONAL 3 REGIONAL 4 REGIONAL 5
SUMATRA JAVA JAVA JAVA
• MTF Padang • MTF Pecenongan • MTF Matraman • MTF Karawang
• MTF Padang Multiguna • MTF Kelapa Gading • MTF Fatmawati • MTF Sukabumi
• MTF Bukittinggi • MTF Tanjung Duren • MTF Lebak Bulus • MTF Bandung 1
• MTF Jambi • MTF Kebon Jeruk • MTF Duren Tiga 2 • MTF Bandung 2
• MTF Jambi Multiguna • MTF Kebon Jeruk Multiguna • MTF Duren Tiga Captive • MTF Bandung 3
• MTF Muara Bungo • MTF Kemayoran • MTF Bekasi • MTF Tasikmalaya
• MTF Bengkulu • MTF Pluit • MTF Bekasi Multiguna • MTF Cirebon
• MTF Palembang • MTF Cilegon • MTF Depok • MTF Garut
• MTF Palembang II • MTF Serang • MTF Cibinong • MTF Karawang Multiguna
• MTF Palembang Multiguna • MTF Tangerang • MTF Bogor • MTF Bandung Multiguna
• MTF Ogan Komering Ulu (Baturaja) • MTF BSD • MTF Cibubur • MTF Subang
• MTF Lubuklinggau • MTF Bintaro • MTF Cikarang
• MTF Bandar Lampung • MTF Rangkasbitung • MTF Pondok Gede
• MTF Lampung Multiguna • MTF BSD Multiguna
• MTF Lampung Tengah (Bandarjaya) • MTF Serang Multiguna
• MTF Pangkal Pinang
106 PT Mandiri Tunas Finance
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Regional Office Fleet Office
• Regional 1 - MTF Medan • Fleet Makassar
• Regional 2 - MTF Palembang
• Regional 3 - MTF BSD
• Regional 4 - MTF Duren Tiga 2
• Regional 5 - MTF Bandung 1
• Regional 6 - MTF Semarang
• Regional 7 - MTF Surabaya 2
Sulawesi Utara • Regional 8 - MTF Balikpapan
• Regional 9 - MTF Makassar
Gorontalo Maluku Utara
Papua Barat Daya
Sulawesi Tengah
Papua
Sulawesi Barat
9
Papua Barat
Sulawesi Selatan Sulawesi Tenggara Papua Pegunungan
Maluku
Papua Tengah
Makassar I
Papua Selatan
REGIONAL 6 REGIONAL 7 REGIONAL 8 REGIONAL 9
JAVA JAVA, BALI & NUSA KALIMANTAN SULAWESI,
TENGGARA PAPUA, & MALUKU
• MTF Tegal • MTF Surabaya 1 • MTF Pontianak • MTF Makassar
• MTF Purwokerto • MTF Surabaya 2 • MTF Sintang • MTF Makassar 2
• MTF Semarang • MTF Malang • MTF Banjarmasin • MTF Parepare
• MTF Ungaran • MTF Kediri • MTF Banjarbaru • MTF Kendari
• MTF Semarang Multiguna • MTF Jember • MTF Palangkaraya • MTF Manado
• MTF Solo • MTF Madiun • MTF Kotawaringin Timur (Sampit) • MTF Kotamobagu
• MTF Solo Multiguna • MTF Tuban • MTF Samarinda • MTF Palu
• MTF Kudus • MTF Mojokerto • MTF Balikpapan • MTF Luwuk
• MTF Magelang • MTF Gresik • MTF Tarakan • MTF Mamuju
• MTF Pekalongan • MTF Banyuwangi • MTF Samarinda Multiguna • MTF Gorontalo
• MTF Yogyakarta • MTF Denpasar • MTF Banjarmasin Multiguna • MTF Sorong
• MTF Yogyakarta Multiguna • MTF Gianyar • MTF Bontang • MTF Jayapura
• MTF Surabaya Multiguna • MTF Ketapang • MTF Ambon
• MTF Malang Multiguna • MTF Pontianak Multiguna • MTF Makassar Multiguna
• MTF Denpasar Multiguna • MTF Manado Multiguna
• MTF Mataram
• MTF Kupang
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Branches Office Address
Regional Branch Name Current Address Telephone
Regional 1 MTF Medan Jalan Ring Road, Kel. Tanjung Sari, Kec. Medan Selayang, Kab. Medan, (061) 8220915
Provinsi Sumatera Utara Selayang Kota Medan Kodepos 20132 (samping
Hotel Sahara Viesta), 20232
MTF Medan II Jalan H. Adam Malik, Kelurahan Sekip, Kecamatan Medan Petisah, Kota (061) 4151818
Medan, Provinsi Sumatera Utara
MTF Medan Multiguna Jl. H. Adam Malik No. 19, Sekip, Kecamatan Medan Petisah, Kota Medan,
Sumatera Utara 20236
MTF Rantau Prapat Kompleks M88 Jalan Sisingamangaraja No. 8I, 8J Kelurahan Bakaran (0624) 7671497
Batu, Kecamatan Rantau Selatan, Kabupaten Labuhan Batu, Provinsi
Sumatera Utara
MTF Batam Komplek Ruko Centre Park, Blok A No : 13, Kel. Taman Baloi, Kec. Batam (0778) 464354
Kota, Propinsi Kepulauan Riau
MTF Batam Multiguna Ruko Centre Park Blok A Nomor 13, RT 001 RW 011, Kelurahan Taman Baloi, -
Kecamatan Batam Kota, Kota Batam, Provinsi Kepulauan Riau
MTF Pekan Baru Jl. Arifin Ahmad, Komplek Platinum Bisnis Center No 25-26, RT 003/RW (0761) 63442
011, Kelurahan Sidomulyo Timur, Kecamatan Marpoyan Damai, Pekanbaru,
Provinsi Riau 28294
MTF Pekan Baru II Jl. Komplek Ruko Royal Platinum Arengka II Nomor 89, Kelurahan Simpang (0761)7415380
Baru, Kecamatan Tampan, Pekanbaru, Riau
Pekan Baru Jl. Arifin Ahmad, Komplek Platinum Bisnis Center No 25-26, RT 003/RW -
Multiguna 011, Kelurahan Sidomulyo Timur, Kecamatan Marpoyan Damai, Pekanbaru,
Provinsi Riau 28294
MTF Bengkalis (Duri) Jl. Hang Tuah, RT 001/ RW 018, Kel. Air Jamban, Kec. Mandau, Kab. (0765) 595155
Bengkalis, Riau
Tanjung Pinang Ruko Grand Bintan Center, Jl. DI Panjaitan KM 9, Kelurahan Air Raja, -
Kecamatan Tanjungpinang Timur, Kota Tanjungpinang, Propinsi Kepulauan
Riau.
Regional 2 Padang JL. S Parman No. 236 A, Kel. Ulak Karang Barat, Kec. Padang Utara, (0751) 4488972
Padang, Propinsi Sumatera Barat
Bukittinggi Jl. By Pass, Kelurahan Aur Kuning, Kecamatan Aur Birugo Tigo Baleh, Kota (0752) 7839132
Bukittinggi, Provinsi Sumatera Barat
Padang Multiguna Jl. S. Parman No. 236A, Ulak Karang, Kelurahan Ulak Karang Utara, Kec.
Padang Utara, Kota Padang, Provinsi Sumatera Barat
MTF Jambi Jl. Gajah Mada No.85, RT 022/RW 006, Kelurahan Jelutung, Kecamatan (0741)7550022
Jelutung, Kota Jambi
MTF Jambi Multiguna Jl. Gajah Mada No.85, RT 022/RW 006, Kelurahan Jelutung, Kecamatan -
Jelutung, Kota Jambi
MTF Muara Bungo Jl. Lintas Sumatera Kilo Meter 0, Kel Batang Bungo, Kec Pasar Muara (0747) 323782
Bungo, Kab Bungo, Provinsi Jambi
MTF Bengkulu Jl. Pangeran Natadirja KM. 6,5 No. 29 RT. 02 RW. 01 Kelurahan Jalan (0736) 347710
Gedang, Kecamatan Gading Cempaka, Bengkulu
MTF Palembang Kelurahan 8 Ilir, Kecamatan Ilir Timur II, Kota Palembang, Provinsi (0711) 379724
Sumatera Selatan
MTF Palembang II Jl. Radial Komplek Ruko Transmart RT.21 RW.05, Kelurahan Dua Puluh (0711) 1772-976
Empat Ilir, Kecamatan Bukit Kecil, Kota Palembang, Provinsi Sumatera
Selatan
MTF Palembang Jl. R. Sukamto Kompleks Ruko PTC Mall Blok G No. 31, Kelurahan 8 Ilir, -
Multiguna Kecamatan Ilir Timur II, Kota Palembang, Provinsi Sumatera Selatan
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Regional Branch Name Current Address Telephone
MTF Ogan Komering Jl. Dr. M. Hatta No. 1067 RT 18/05, Kel. Kemalaraja, Kec. Baturaja Timur, (0735) 322026
Ulu (Baturaja) Kab. Ogan Komering Ulu, Prov. Sumatera Selatan
MTF Lubuk Linggau Jl. Yos Sudarso No. 90, Kelurahan Majapahit, Kecamatan Lubuklinggau (0733) 732 9631
Timur/ I, Lubuklinggau, Sumatera Selatan
MTF Bandar Lampung Jl. Pangeran Antasari RT 009/RW 02, Kelurahan Jagabaya III, (0721) 773557
Kecamatan Way Halim, Kota Bandar Lampung
MTF Lampung Jalan Pangeran Antasari Nomor 110, Kelurahan Jagabaya III,
Multiguna Kecamatan Way Halim, Bandar Lampung, Provinsi Lampung
MTF Lampung Jl. Raya Protokol- Bandar Jaya, Kelurahan Bandar Jaya Timur, Kecamatan (0725) 529691
Tengah (Bandarjaya) Terbanggi Besar, Kabupaten Lampung Tengah, Provinsi Lampung
MTF Pangkal Pinang Jl. Pulau Bangka Ruko City Hall Blok 7 RT 009/RW 003, (0717) 4256832
Kelurahan Air Itam, Kecamatan Bukit Intan, Kota Pangkal Pinang,
Provinsi Kepulauan Bangka Belitung
Regional 3 MTF Pecenongan Jl. Sukardjo Wirjo Pranoto No.2/6, Kel. Kebon Kelapa, Kec. Gambir, (021) 3847288
Jakarta Pusat, DKI Jakarta
MTF Kemayoran Jl. Gunung Sahari Raya Blok C No. 35, Kel. Ancol, Kec. Pademangan, (021) 22620253
Jakarta Utara
MTF Kelapa Gading Jl. Boulevard Barat Blok C No.63A, Plaza Kelapa Gading Inkopal, (021) 45851153
Kel. Kelapa Gading Barat, Kec. Kelapa Gading, Jakarta Utara, DKI Jakarta
MTF Tanjung Duren JL. Prof Dr Latumenten, Komplek Ruko Seasons City Blok A No. 28, (021) 29618062
Kel. Jembatan Besi, Kec. Tambora, Kota Jakarta Barat,
Provinsi DKI Jakarta
MTF Cilegon Ruko Cilegon Business Square Blok A No. 6 - 7 RT.05/RW.06, (0254) 374909
Kel. Kedaleman, Kec Cibeber, Kota Cilegon, Provinsi Banten, 42422
MTF Serang Kelurahan Drangong, Kecamatan Taktakan, Kota Serang, Provinsi Banten (0254)8496152
MTF Tangerang Rukan Business Park Tangeang City, Cikokol (021) 29676323
Jl. Jendral Sudirman No.1, Kel. Babakan, Kec. Tangerang,
Kota Tangerang, Provinsi Banten, 15117
MTF Rangkasbitung Jl. Soekarno Hatta/ ByPass Perempatan Sumur Buang. Cibadak-Lebak (0252) 209765
RT. 005 RW. 001, Desa Kaduagung Timur, Kecamatan Cibadak, Kabupaten
Lebak, Provinsi Banten, 42317
MTF Kebon Jeruk Jl. Meruya Ilir Raya, Komplek Perumahan Rich Palace Nomor 36-40 (021) 58910034
Blok A-11, Kelurahan Srengseng, Kecamatan Kembangan, Jakarta Barat,
Provinsi DKI Jakarta.
MTF Pluit Galeri Niaga Mediterania I Jl. Pantai Indah Utara 2, RT.1/RW.16 Kelurahan (021) 5882175
Kapuk Muara, Kecamatan Penjaringan, Kota Jakarta Utara, 14460
MTF BSD Ruko BSD Junction Blok A No. 39-40, Kel. Lengkong Wetan, Kec. Serpong, (021) 5382090
Kota Tangerang Selatan, Provinsi Banten
MTF Bintaro Bintaro Jaya Kavling Blok EB/B-09, Kelurahan Perigi Lama, (021) 22215659
Kecamatan Pondok Aren, Provinsi Banten
MTF BSD Multiguna Ruko BSD Junction Blok A41 Jl. Pahlawan Seribu Kel. Lengkong Wetan, -
Kec. Serpong - Kota Tangerang Selatan 15310
MTF Serang Ruko Ranca Utama, Jalan Raya Serang - Cilegon KM 4, Kp. Ranca Tales, -
Multiguna RT 003 RW 004, Kelurahan Drangong, Kecamatan Taktakan, Kota Serang,
Provinsi Banten
MTF Kebo Jeruk Ruko Rich Palace Shop House and Sweet Regency Blok A.11, -
Multiguna Jl. Meruya Ilir Raya No. 36-40, Kel. Srengseng, Kec. Kembangan,
Kota Jakarta Barat, Provinsi DKI Jakarta
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Regional Branch Name Current Address Telephone
Regional 4 MTF Matraman Apartemen Patria Park, Jl. D.I Panjaitan Kavling Nomor 5-6-7 Nomor (021) 85917920
RK 02 Floor G-01 Rukan MZ Kelurahan Cipinang Cempedak, Kecamatan
Jatinegara, Kota Jakarta Timur
MTF Fatmawati Rukan Plaza 5 Pondok Indah Blok D Nomor 5 (021) 27933248
Jl. Marga Guna, Kelurahan Gandaria Utara, Kecamatan Kebayoran Baru,
Kotamadya Jakarta Selatan, Provinsi DKI Jakarta
MTF Duren Tiga 2 Jl. Duren Tiga , Nomor 29 A-B, RT 005/RW 001, Kelurahan Duren Tiga, (021) 79195795
Kecamatan Pancoran, Jakarta Selatan, DKI Jakarta, 12760
MTF Bekasi Ruko Emerald Summarecon Bekasi Blok UA Nomor 039, type 450, (021) 89454997
Kel. Margamulya, Kec. Bekasi Utara, Kota Bekasi, Jawa Barat.
MTF Bekasi Multiguna Ruko Grand Kota Bintang C6 RT 04 RW 07, Kelurahan Jaka Sampurna, -
Kecamatan Bekasi Barat, Kota Bekasi, Provinsi Jawa Barat
MTF Depok Rukan Depok Mall, Jl. Raya Margonda Blok B-1 No. 50, Kemirimuka, (021) 7756733
Beji, Depok, Jawa Barat
MTF Cibinong Cibinong City Center, Jl. Tegar Beriman Blok D No. 3B, (021) 29577430
Kelurahan Pakansari, Kecamatan Cibinong, Kabupaten Bogor,
Provinsi Jawa Barat, 16915
MTF Cibubur Jalan Cibubur Timesquare B-4/22,23,23A, RT 001/RW 10, (021)84300687
Kel. Jati Karya, Kec. Jati Sampurna, Kota Bekasi, Provinsi Jawa Barat
MTF Cikarang Komplek Cikarang Central City blok E no 15 (021)22180581
Jl. Raya Cikarang - Cibarusah, Ciantra, Cikarang Selatan,
Bekasi,
Jawa Barat 17550
MTF Lebak Bulus Ruko Bona Indah Business Center Blok B1 Nomor 9X, (021) 27819838
Jalan Karang Tengah, Kelurahan Lebak Bulus, Kecamatan Cilandak,
Kota Jakarta Selatan, DKI Jakarta
MTF Pondok Gede Ruko Pondok Gede Plaza Blok B No.1 & 2 (021)85508709
Jl. Raya Pondok Gede RT.001/RW.001 Kel. Jatiwaringin,
Kec.Pondok Gede, Kota Bekasi 17411
MTF Duren Tiga Ruko Mampang Business Park Blok A No. 18, -
Captive Jalan Hj. Tutty Alawiyah Nomor 301, RT 010 RW 003, Kel. Duren Tiga,
Kec. Pancoran, Kota JakartaSelatan, Provinsi DKI Jakarta
MTF Bogor Jl. Siliwangi No. 60 B & B-1, RT 005/RW 004, Kel. Lawanggintung, (0251) 8371118
Kec. Bogor Selatan, Kota Bogor, Provinsi Jawa Barat, 16134
Regional 5 MTF Karawang Blok A Kavling No. 33 Grand Taruma, Desa/Kelurahan Sukamakmur, (021) 58910034
Kecamatan Telukjambe Timur, Kabupaten/Kota Karawang,
Provinsi Jawa Barat.
MTF Sukabumi Jl. Jendral Sudirman No.57, Sriwidari, Gunung Puyuh, (seberang Bolu (0266) 6223723
Amor café) Benteng, Warudoyong, Sukabumi City, Jawa Barat, 43131
MTF Bandung 1 Kopo Plaza Kav. C10 – 11, Jl. Peta Lingkar Selatan, Bandung, (022) 60401 19
Jawa Barat, 40233
MTF Bandung 2 Jl. BKR No. 141, RT. 004/RW. 003, Kel. Cigereleng, Kec. Regol, (022) 42833444
Bandung, 40253
MTF Bandung 3 Jl. Batununggal Indah IV Nomor 73, Kel Mengger, Kec Bandung Kidul, (022) 87306880
Kota Bandung, Jawa Barat
MTF Tasikmalaya Jl. Yudanegara No. 24, 003/001, Yudanagara, (0265) 344905
Cihideung, Tasikmalaya, 46121
MTF Cirebon Ruko Kesambi Regency Blok A No. 4 (0231) 8308522
Jl. Raya Kesambi, Kel. Kesambi, Kec. Kesambi, Cirebon, Jawa Barat
MTF Garut Pertokoan Intan Bisnis Center (IBC) Blok I No. 27, Kel. Pakuwon, (0262) 544605
Kec. Garut Kota, Kab. Garut, Provinsi Jawa Barat
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Regional Branch Name Current Address Telephone
MTF Subang Jl. Otto Iskandar Dinata Nomor 262, RT 095/RW 026, Kel. Karanganyar, (0260) 415869
Kec. Subang, Kabupaten Subang, Provinsi Jawa Barat.
MTF Karawang Ruko Dharmawangsa II Blok A No. 35, Grand Taruma, Kel. Sukamakmur,
Multiguna Kec. Telukjambe Timur, Kab. Karawang, Provinsi Jawa Barat 41361
MTF Bandung Jalan BKR Nomor 94 RT 003 RW 005, Kelurahan Ancol, (0260) 415869
Multiguna Kecamatan Regol, Kota Bandung
Regional 6 MTF Tegal Jl. Yos Sudarso RT.005 RW.009 Blok H 4 & 5 Nirmala Square Kelurahan (0283) 324066
Mintaragen, Kecamatan Tegal Timur, Kota Tegal, Jawa Tengah.
MTF Purwokerto Jl. DI Panjaitan RT 005/002 Karangklesem, Purwokerto Kulon, (0281) 642645
Purwokerto Selatan, Banyumas.
MTF Semarang Jl. Indraprasta No. 30 A - B, Kel. Pendrikan Kidul, Kec. Semarang Tengah, (024) 3589008
Kota Semarang, 50241
MTF Ungaran Mutiara Ungaran Square, Kelurahan Ungaran, Kecamatan Ungaran Barat, (024) 76902099
Kabupaten Semarang, Jawa Tengah
MTF Solo Ruko Adi Sucipto, Jl. Adi Sucipto 167 RT 003/RW 011 Kelurahan Kerten, (0271) 738989
Kecamatan Laweyan, Kota Surakarta, Solo, Jawa Tengah 57143
MTF Kudus Jl. Raden Agil Kusumadya No. 8, Desa Jati Kulon, Kec. Jati, Kudus, (0291) 4252070
Jawa Tengah
MTF Magelang Metro Square, Jl. Mayjend. Bambang Soegeng, Desa Sumberrejo, (0293) 312406
Kecamatan Mertoyudan, Kabupaten Magelang, Provinsi Jawa Tengah
MTF Pekalongan Komplek Ruko Dupan Square, Jl. Dr. Sutomo Blok B2 No. 10, (0285) 4420100
Kelurahan Baros, Kecamatan Pekalongan Timur, Kota Pekalongan,
Provinsi Jawa Tengah
MTF Semarang Jalan Indraprasta Nomor 32, Kel. Pendrikan Kidul, Kec. Semarang Tengah,
Multiguna Kota Semarang
MTF Solo Multiguna Jalan Adi Sucipto RT 001 RW 013, Kelurahan Manahan, Kecamatan
Banjarsari, Kota Surakarta, Jawa Tengah
MTF Yogyakarta Ruko Sumber Baru Square Kavling W (0274) 860 9901
Jl. Ring Road Utara, Kelurahan Sendangadi, Kecamatan Mlati, Kabupaten
Sleman, Provinsi Daerah Istimewa Yogyakarta, Kode Pos 55284
MTF Yogyakarta Ruko Sumber Baru Square Kav. W, Jalan Ringroad Utara, Kelurahan
Multiguna Sendangadi, Kecamatan Mlati, Kabupaten Sleman, Provinsi D.I. Yogyakarta
Regional 7 MTF Surabaya 1 Jl. Mayjend Sungkono No. 149-151 Blok 1-5, Kelurahan Dukuh Pakis, (031) 99533640
Kecamatan Dukuh Pakis, Kota Surabaya, Provinsi Jawa Timur
MTF Surabaya 2 Jl. Raya Tenggilis No 23 Kav 5-6, RT 005/RW 002, Kel. Kendangsari, (031) 8420450
Kec. Tenggilis Mejoyo, Kota Surabaya, Provinsi Jawa Timur
MTF Malang Jl. Tumenggung Suryo No 98 Kav 1, Kelurahan Purwantoro, (0341) 497927
Kecamatan Blimbing, Kota Malang, Jawa Timur
MTF Kediri Desa/Kelurahan Mojoroto, Kec. Mojoroto, Kota Kediri, Provinsi Jawa Timur (0354) 775192
MTF Jember Ruko Gajah Mada Square A9, Jl. Gajah Mada No.187, (0331) 425959
Kel. Kaliwates, Kec. Kaliwates, Jember, Jawa Timur, 68133
MTF Madiun Jl. Mayjen Sungkono RT 037/RW 012, Kel. Nambangan Kidul, (0351) 473176
Kec. Manguharjo, Kota Madiun, Provinsi Jawa Timur
MTF Tuban Jl. Diponegoro No.34 C, Kel. Latsari, Kec. Tuban, Tuban, Jawa Timur, 62314 (0356) 326381
MTF Mojokerto Jl. Bhayangkara No.110, Kelurahan Jagalan, Kecamatan Kranggan, (0321) 329688
Kota Mojokerto, Provinsi Jawa Timur, 61313
MTF Gresik Ruko Kartini Megah Kav. A10, Jl. RA Kartini No. 150-152 RT 003/RW 007, (031) 3985189
Kelurahan Sidomoro, Kecamatan Kebomas, Kabupaten Gresik,
Provinsi Jawa Timur.
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Regional Branch Name Current Address Telephone
MTF Banyuwangi Ruko Golden City, Jl. S. Parman, Kelurahan Pakis, Kecamatan Banyuwangi,
Kabupaten Banyuwangi, Provinsi Jawa Timur
MTF Malang Jalan Tumenggung Suryo Nomor 98, Kelurahan Purwantoro,
Multiguna Kecamatan Blimbing, Kota Malang, Provinsi Jawa Timur
MTF Surabaya Ruko Mangga Dua Blok B1-05, Kelurahan Jagir, Kecamatan Wonokromo,
Multiguna Kota Surabaya, Provinsi Jawa Timur:oof
MTF Denpasar Jl. Buluh Indah No. 53 kav. 1, Kel. Pemecutan Kaja, (0361) 8469896
Kec. Denpasar Utara, Bali, 80118
MTF Gianyar Jl. Erlangga No.15 C, Kel. Gianyar, Kec. Gianyar, Gianyar, Bali, 80511 (0361) 944478
MTF Denpasar Jl. Raya Cargo No. 16, Kel. Ubung, Kec. Denpasar Utara,
Multiguna Kota Denpasar, Bali
MTF Mataram Jl. Selaparang No. 47 A-B, Kec. Cakranegara Timur, Mataram, (0370) 638277
Nusa Tenggara Barat, 83236
MTF Kupang Jl. Timor Raya KM 6, RT011/RW004 Kel. Oesapa Barat, Kelapa Lima, (0380) 8586290
Kupang, Nusa Tenggara Timur, 85288
Regional 8 MTF Pontianak Jl. Ahmad Yani, Kelurahan Benua Melayu Darat, Kecamatan Pontianak (0561) 66555718
Selatan, Kota Pontianak, Provinsi Kalimantan Barat
MTF Sintang Jl. Sintang - Pontianak, KM.6 Dsn Tunas Jaya Sintang, Desa Balai Agung, (0565) 2022080
Kecamatan Sungai Tebelian, Kabupaten Sintang, Kalimantan Barat, 78614
MTF Ketapang Jl. Gatot Subroto, RT 002 RW 001, Komplek Ruko Grand Rivera No. A1-2, (0534) 3032761
Desa Paya Kumang, Kec. Delta Pawan, Kabupaten Ketapang, Kalimantan
Barat 78813
MTF Banjarmasin Jl. Gatot Subroto No.B9 RT. 33, Kel. Kuripan, Kec. Banjarmasin Timur, (0511) 3277145
Kota Banjarmasin 70235
MTF Banjarbaru Jl. Mistar Cokrokusumo No. 9, Sungai Besar, Banjarbaru Selatan, (0511) 4772067
Banjarbaru
MTF Banjarmasin Jalan Gatot Subroto No. A9 RT 33, Kelurahan Kuripan,
Multiguna Kecamatan Banjarmasin Timur, Kota Banjarmasin 70235
MTF Palangkaraya Jl. G. Obos, Kelurahan Menteng, Kecamatan Jekan Raya, (0536) 3224277
Kota Palangka Raya, Provinsi Kalimantan Tengah
MTF Kotawaringin Jl. Mas Tirto Haryono, RT 22 RW 09, Kelurahan Mentawa Baru Hulu, (0531) 23216
Timur (Sampit) Kecamatan Mentawa Baru Ketapang, Kabupaten Kotawaringin Timur,
Provinsi Kalimantan Tengah
MTF Samarinda Jl. Dr. Sutomo Gang 6, Kel. Sidodadi, Kec. Samarinda Ulu, (0541) 7273930
Provinsi Kalimantan Timur
MTF Balikpapan Jl. MT. Haryono Komp. Daun Village RT 41, Kelurahan Gunung Bahagia, (0542) 8860744
Kecamatan Balikpapan Selatan, Kota Balikpapan.
MTF Tarakan Jl. Yos Soedarso No. 5 RT 14, Kel. Selumit Pantai, Kec. Tarakan Tengah, (0551) 3805972
Tarakan, Kalimantan Timur
MTF Bontang Jl. Bhayangkara, Kel. Gunung Elai, Kec. Bontang Utara, Kota Bontang, (0548) 24488
Provinsi Kalimantan Timur
MTF Samarinda Jl. Dr. Sutomo No. 48, Kelurahan Sidodadi, Kecamatan Samarinda Ulu,
Multiguna Kota Samarinda, Provinsi Kalimantan Timur
MTF Pontianak Komplek Ruko Mega Mall Jl. Jendral Ahmad Yani Blok B No. 35 - 36 ,
Multiguna Parit Tokaya, Kecamatan Pontianak Selatan, Kota Pontianak, Provinsi
Kalimantan Barat 78115
Regional 9 MTF Makassar Jalan Citraland Boulevard, Kompleks Citraland Bussinesess Park Blok
A1/02 dan A1/03 Kelurahan Maccini Sombala, Kecamatan Tamalate, Kota
Makassar Provinsi Sulawesi Selatan
MTF Makassar II Jalan AP Pettarani, Kel. Tidung, Kec. Rappocini, Kota Makassar, (0411) 467566
Sulawesi Selatan
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Regional Branch Name Current Address Telephone
MTF Parepare Jl. Sultan Hasanuddin No. 16 A, Kelurahan Ujung Sabang, (0421) 28622
Kecamatan Ujung, Pare-Pare, Sulawesi Selatan, 91114
MTF Makassar Jalan Citraland Boulevard Ruko Business Commercial Park CPI Blok A1
Multiguna No. 2-3, Kelurahan Maccini Sombala, Kecamatan Tamalate, Kota
Makassar, Provinsi Sulawesi Selatan
MTF Kendari Jl. Brigjen M. Joenoes By Pass Square Blok A Nomor 5, Kelurahan Bende, (0401) 3135093
Kecamatan Kadia, Kota Kendari
MTF Manado Kelurahan Wenang Utara, Kecamatan Wenang, Kotamadya Manado, (0431) 8819809
Provinsi Sulawesi Utara.
MTF Kotamobagu Kelurahan Mogolaing, Kecamatan Kotamobagu Barat, Kota Kotamobagu, (0434) 2621540
Provinsi Sulawesi Utara.
MTF Manado Jl. Piere Tendean Komplek Marina Plaza Blok C No. 03 & 17, Kel. Wenang
Multiguna Utara, Kec. Wenang, Kota Manado, Provinsi Sulawesi Utara 95111
MTF Palu Jl. Monginsidi Nomor 24-25, RT 002, RW 006, Kelurahan Lolu Utara, (0451) 454139
Kecamatan Palu Timur, Kota Palu, Provinsi Sulawesi Tengah
MTF Luwuk Kelurahan Simpong, Kecamatan Luwuk, Kota Banggai, (0461) 23128
Provinsi Sulawesi Tengah
MTF Gorontalo Jl. Nani Wartabone, Kelurahan Heledulaa Selatan, Kecamatan Kota Timur, (0435) 822315
Kota Gorontalo
MTF Mamuju Jl. Yos Sudarso Nomor 37, Kelurahan Binanga, Kecamatan Mamuju, (0426) 2324777
Kabupaten Mamuju, Provinsi Sulawesi Barat.
MTF Ambon Kelurahan Rijali, Kecamatan Sirimau, Kota Ambon, Provinsi Maluku (0911) 3829445
MTF Jayapura Jl. Raya Abepura Kotaraja, Kelurahan Vim, Kecamatan Jayapura Selatan, (0967) 5187813
Kota Jayapura, Provinsi Papua
MTF Sorong Kelurahan Klawuyuk, Kecamatan Sorong Timur, Kota Sorong, (0951) 3177597
Provinsi Papua Barat
Fleet MTF Fleet Makassar Jalan Lanto Dg Pasewang, Mamajang, Kota Makassar
Office Addresses Other than Branch Offices
Record Date Address
2015-09-03 Jl. Khairil Anwar No. 1 (Tenant Mall Hotel Sunan Kolaka)
2015-08-21 Jl. Datuk Sulaiman, Kel. Pontap, Kec. Wara Timur, Kota Palopo, Sulawesi Selatan
2022-07-07 Jalan Cideng Timur Nomor 23-A, Kelurahan Petojo Utara, Kecamatan Gambir, Jakarta Pusat.
2023-07-10 Jl. Lintas Sumatera Kel. Sungai Gambut, Kec. Pulau Punjung, Dharmasraya 27573
2023-07-24 Jl. Yohana Godang Depan Gedung Bantilan Kelurahan Pasiran Kecamatan Singkawang Barat 79123
2023-07-27 Jl. Lakarambau, Lipu, Kec. Betoambari, Kota Bau-Bau, Sulawesi Tenggara 93724
2023-09-04 Jl. Jendral Sudirman Desa Cambai, Kec. Pembantu Lembak Kab. Muara Enim Provinsi Sumatera Selatan 31146
2023-09-04 JL. Ahmad Yani KM 4 Kelurahan Baru Kecamatan Arut Selatan
2024-09-01 Kelurahan Sei Bedungun, Kecamatan Tanjung Redeb, Kabupaten Berau, Provinsi Kalimantan Timur
Perum GPL II Cluster Bintang Jaya, Desa Swarga Bara, Kec. Sangatta Utara, Kab. Kutai Timur, Provinsi
2024-09-03
Kalimantan Timur
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MANAGEMENT
DISCUSSION &
ANALYSIS
04
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OVERVIEW OF THE NATIONAL
AND GLOBAL ECONOMIES IN 2024
Global economic growth in 2024 slowed down compared to 2023. Referring to the World Economic Outlook
Update report released by the International Monetary Fund (IMF) in January 2025, global economic growth is
projected at 3.2% (yoy) for 2024, or a slowdown compared to 2023 with a growth of 3.3% (yoy). The slowdown
is caused by several factors including tighter monetary policies in developed countries and continued
geopolitical uncertainty. The global inflation rate was projected to reach 5.7%, down from 6.7% in 2023.
Global Economic Growth 2023-2026F
World Advanced Economies Emerging Market and Developing Economies
4,4 4,2 4,2 4,3
3,3 3,2 3,3 3,3
1,7 1,7 1,9 1,8
2023 2024f 2025f 2026f
Source: BPS Official Statistical News, 5 Feb 2025, citing IMF World Economic Outlook Update (January 2025)
Global Inflation 2023-3026F
World Advanced Economies Emerging Market and Developing Economies
7,8
8,1
6,7 5,6
5,7
4,6 4,5
2,6 4,2 3,5
2,1
2,0
2023 2024f 2025f 2026f
Source: BPS Official Statistical News, Feb. 5, 2025, citing IMF World Economic Outlook Update (January 2025)
Amid the global economic slowdown, the economies of some of Indonesia’s major trading partners continued
to grow. Singapore grew 4.0% compared to the previous year with 1.1% growth, Malaysia grew 5.1% (2023:
3.6%), South Korea grew 2.0% (2023: 1.4%). Meanwhile, China’s economy grew by 5.0%, slowing down
compared to 2023 with growth of 5.4%. The same trend occurred with the United States economy where
it grew by 2.8% in 2024, slowing down compared to 2023 with a growth of 2,9 %.
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04
Economic Growth of Indonesia’s Major Trading Partner Countries (%, y-on-y)
China United States India*
5,3 5,4 5,4 5,0 3,2 2,9 8,6 8,2 Notes: Figures presented are sourced from,
2,8
2,5 6,5
6,1 Preliminary Accounting Results NBS (China), Advance
Estimate US Department of Commerce (United States),
Advance Estimate Singapore Department of Statistics
Q4-23 Q4-24 2023 2024 Q4-23 Q4-24 2023 2024 Q4-23 Q4-24 2023 2024 (Singapore), Advance Estimate DOSM (Malaysia),
Advance Estimate Bank of Korea (South Korea). *) For
India, annual figures presented are forecast figures
Singapore Malaysia South Korea
from IMF WEO publication (January 2025), quarterly
4,3 4,0 5,1 2,1 figures are forecast figures from Bloomberg. Trading
4,8 2,0
3,6 1,4 partner countries are sorted by export value (oil and
2,9 1,2
2,2
1,1
gas and non-oil and gas).
Q4-23 Q4-24 2023 2024 Q4-23 Q4-24 2023 2024 Q4-23 Q4-24 2023 2024
Meanwhile, according to data from the Central Statistics Agency (BPS), Indonesia’s economy in 2024 grew
by 5.03%, slowing down compared to 2023 which reached 5.05%. This achievement is lower than the growth
target in the 2024 State Budget (APBN) of 5.2%.
Gross Domestic Product (GDP) Growth 2015-2024 (%)
4,88 5,03 5,07 5,17 5,02 5,31 5,05 5,03
3,70
(2,07)
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: BPS Official Statistical News, Feb 5, 2025
Despite the slowdown, Indonesia’s economic growth in 2024 was still within the growth ranges presented by
various global economic institutions. The World Bank, International Monetary Fund (IMF) and Asia Development
Bank (ADB) projected Indonesia’s economic growth in 2024 at 5%. Bank Indonesia projected an economic
growth of 5.1%, while the Ministry of Finance at 5 - 5.2%.
In terms of production, the main contributors to economic growth in 2024 were Processing Industry,
Construction, and Trade. This is in line with the increase in production activities and foreign demand. The
three business fields with the highest growth were Other Services, Transportation & Warehousing, and
Accommodation & Eating & Drinking.
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Condition of the segments run by the Company to customers in the
Financing Company Industry regions divided into Regional I-IX. To achieve the
Regarding the performance of the business field targets set in the Company’s Work Plan and Budget,
or sector of Financing Institutions, Venture Capital the Company set the marketing strategy for 2024 as
Companies, Microfinance Institutions and Other follows:
Financial Services Institutions (PVML), the Financial 1. Market expansion through captive business
Services Authority (OJK) stated that the financing segments originating from Bank Mandiri by creating
receivables of Financing Companies grew by 7.27% a good captive business ecosystem. In addition,
YoY in November 2024 to Rp501.37 trillion. The the company also maintains business segments
risk profile of Financing Companies nationally was originating from dealers and partners through
maintained despite a slight decline in quality with the expansion of commercial and heavy equipment by
Non Performing Financing (NPF) ratio gross recorded targeting specific sectors and maintaining revenue
at 2.71% up 0.17% from 2.54% in November 2023 and growth according to risk profile and increasing
the gearing ratio decreased to 2.30 times from 2.21 retail business.
times and was below the maximum limit of 10 times. 2. Focusing on providing services to customers
by offering various conveniences. One form of
Specifically, OJK noted that the outstanding financing convenience provided is by digitizing both in terms
of multifinance for motor vehicles as of November of channel customers and the acquisition process.
2024 amounted to Rp347.87 trillion with new motor
vehicle financing being the largest contributor. Strategic Policy for 2024
Of the total outstanding, 42.99% was new four- Mandiri Tunas Finance carries the theme ‘Energizing
wheeled motor vehicle financing with a value of Rp The Foundation: be The Market Leader’ for 2024, which
149.55 trillion. Meanwhile, the distribution of electric means that MTF will optimize the new foundation that
vehicle financing by multifinance companies as of has been built in the previous year with more energy
November 2024 was recorded at Rp16.69 trillion. and enthusiasm so that MTF can become a leader
The distribution portion was still relatively small, in the financing industry. In general, the Company’s
amounting to 1.81% of the total financing receivables policy in 2024 is carried out in line with the business
as of November 2024. strategy plan to grow financing originating from the
captive Bank Mandiri segment, both for retail and
Referring to data from the Indonesian Automotive wholesales customers. The Company continues to
Industry Association (Gaikindo), total car sales in maintain its financing portfolio in the individual retail
wholesales were recorded at 865,723 units from segment and the corporate segment and ensures
January-December 2024, or down 13.9% Year-on- that the quality of financing is maintained and the
Year (YoY) from the same period in 2023 at 1,005,802 Company is in good health.
units. Retail sales also fell 10.9% YoY to 889,680 units
compared to 998,059 units in the same period of 2023.
Although down almost 14%, the sales exceeded the The Company also continues to be committed to
target set by Gaikindo in 2024. Previously, Gaikindo digital and technological transformation by driving
had revised its 2024 sales target from 1.1 million units business growth through innovation to create
to 850. 000 units. efficiency, expand market reach, and improve
customer experience accompanied by improvement
Marketing Aspects of IT and system capabilities, especially on improving
By 2024, Mandiri Tunas Finance’s marketing area has IT security. In addition, the Company also continues to
covered Sumatra to Jayapura. The Company provides improve the competence of Credit & Risk monitoring
financing services in accordance with the business to produce a healthy portfolio
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04
Market Share
In running a business, Mandiri Tunas Finance has The solutions offered by the Company as strategy to
a number of competitors with similar products and maintain or increase market share included:
services, making the competition even tougher. Not 1. The Company provides fast and easy services for
only similar financing companies, these competitors Customers.
include banks that enter the motor vehicle financing 2. Provides competitive interest and down payment
industry. With such a level of competition, finance rates.
companies are required to be more creative in 3. The Company organizes and engages in major
channeling credit by providing the best service events that appeal to the entire community.
to customers, including providing convenience in 4. Branch services spread across the country.
obtaining credit and ease of making installment 5. Development of digitalization that is able to reach
payments. In addition, the best service also includes and provide convenient services for partners and
speed in surveys and attractive and competitive customers.
credit packages, both in terms of financing rates,
tenor periods and down payments.
The Company’s market share based on the total assets of the national financing industry is depicted in the table
and graph below.
Description 2024 2023 2022
Number of finance companies/institutions * 147* 147 153
Total industry assets (Rp-billion)* 584,508* 552,887 487,919
MTF total assets (Rp-billion) 34,425 29,727 23,728
Market share by assets (%) 5.89 5.38 4.86
*November 2024 Data
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OPERATING REVIEW
BY BUSINESS SEGMENT
MTF’s Financing Business Activities and Business Processes
Mandiri Tunas Finance engages in investment financing, working capital financing and multipurpose financing.
Currently, the Company focuses its business activities on consumer financing in the form of providing funds
to customers who wish to purchase with installment payments, both from the parent entity, PT Tunas Ridean
(“TURI”), and from outside the TURI business group. The Company focuses its business on new car financing
activities that can provide high returns with a safe level of risk. The financing consists of Toyota, Daihatsu,
Honda, Nissan, Mazda, Mitsubishi and Suzuki brands as well as brands sold from APM.
Financing activities are provided in the form of motor vehicle ownership loans with repayment terms in fixed
monthly installments. The Company classifies its financing facilities into 3 (three) types, namely new cars,
used cars and motorcycles. Therefore, the Company also applies different requirements for these three types
of business.
In general, the financing period is set at 1 (one) to 7 (seven) years with the longest financing period being 4
(four) years. As collateral for the loan is the original Proof of Motor Vehicle Ownership (BPKB) which is held
and stored by the Company. The document will be handed over to the customer when all obligations to the
Company have been repaid.
Development of the Number of New Contract Units by Financing Type
New Contract (Unit) Increase (Decrease) 2024 - 2023
Financing Type
2024 2023 2022 Unit %
New Car 83,987 86,927 81,265 (2,940) (3.38)
Used Car 25,873 28,166 21,608 (2,293) (8.14)
Motorcycle 437 378 322 59 15.61
More 1,489 6,400 35,895 (4,911 ) (76.73)
Total 111,786 121,871 139,090 (10,085) (8.28)
69,777
94,124
139,090
121,871
111,786
Number of New Contract
Units 2020-2024
(Unit)
2020 2021 2022 2023 2024
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Development of Financing Contract Value by Financing Type
New Contract (Rp Million) New Contract (Rp Million)
Financing Type
2024 2023 2022 Rp million %
New Car 25,582,763 25,493,390 21,710,535 89,373 0.35
Used Car 5,524,591 5,158,873 3,533,624 365,718 7.09
Motorcycle 69,887 47,561 33,470 22,326 46.94
More 3,912,388 1,998,078 2,491,634 1,914,310 95.81
Total 35,089,629 32,697,903 27,769,264 2,391,726 7.31
16,739,556
20,620,564
27,769,264
32,697,903
35,089,629
2020-2024
Financing Contract Value
(Rp Million)
2020 2021 2022 2023 2024
Recapitulation of Number of New Contract Units and Financing Contract Value
New Contract (Unit) Increase (Decrease) 2023-2024
Financing Type
2024 2023 2022 Unit %
Total Financing Value (Rp Million) 35,089,629 32,697,903 27,769,264 2,391,726 7.31
Number of New Contracts (Units) 111,786 121,871 139,090 (10,085) (8.28)
In terms of financing value, the Company’s achievement has increased compared to the previous year. This was
influenced by an increase in the range of interest rates charged to consumers.
Total New Contract Value by Contract Origin from Group or Non-Group
New Contract (Unit) Increase (Decrease) 2023-2024
Financing Type
2024 2023 2022 Unit %
Group 10,076 9,301 6,924 775 8.33
Non-Group 101,710 112,570 132,166 (10,860) (9.65)
Total 111,786 121,871 139,090 (10,085) (8.28)
Total Financing Value by Contract Origin from Group or Non-Group
New Contract (Unit) Increase (Decrease) 2023-2024
Financing Type
2024 2023 2022 Unit %
Group 2,757,227 2,473,403 1,502,796 283,824 11.48
Non-Group 32,332,402 30,224,500 26,266,468 2,107,902 6.97
Total 35,089,629 32,697,903 27,769,264 2,391,726 7.31
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AWAKENING A NEW SPIRIT LEADING THE MARKET
In finding prospective customers, the Company relies on its Sales Officers (SO). The SO is tasked with obtaining
financing applications from the Company’s dealer and showroom partners, as well as conducting financing analysis,
processing financing and helping to monitor the smooth financing payments of these customers. Thus, the SO is
the spearhead of the Company in carrying out its business activities. To maintain the quality of financing produced,
the Company places at least 1 (one) Credit Head in each branch office of the Company. Their function is to select
financing proposals submitted by the SO. In every financing processing, the Company has carried out a request for
consent to the processing of personal data.
Excellent service is provided not only by each SO who will process the financing application at the beginning of
the transaction, but also by all departments during the financing period and until the completion of the financing
at the end of the payment period. The following is a scheme of the consumer financing process that applies within
the Company.
Mandiri Tunas Showroom/
Sales Officer Customer
Finance Referral BMRI
Application & Verification by Financing Analysis by
Survey
Process Sales Head Data Entry Credit Head
Credit Decision Credit Re-Survey
Delivery PO Release
by WMK Holder Recomendation (Optional)
Billing Document Delivery of
Go Live Payment
Documents Verification & DO Contract
Financing Process Flow
To continue to improve services to customers, the Company continues to develop or improve the financing process,
among others by utilizing technology. The use of technology is mainly carried out to continue to accelerate the
financing process time while still prioritizing prudence to produce a healthy portfolio. The principle of prudence
is also reflected in the preparation of risk acceptance criteria (RAC) as a reference in customer acquisition,
including but not limited to:
1. Down payment of a certain percentage of the car price.
2. For used car financing, the maximum age is 15 years old.
3. The credit period is a minimum of 6 (six) months and a maximum of 7 (seven) years.
4. During the credit period, the car must be covered by insurance from an insurance company determined by
the Company
The prudence-oriented financing process supported by the use of technology is a strong fundamental for the
Company to continue to grow quickly and healthily.
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04
Billing Scheme
With the financing policy as described above, the Company is expected to be able to reduce the level of non-
performing receivables to a minimum in carrying out its business activities. To manage financing business
activities and to always maintain a good level of collectibility, collection activities are one of the keys to the
Company’s success.
OD -3 s/d 0 day
How to Pay Installments - Monitoring by Marketing -
Before Collection
- Remind Customers by Phone
Maturity SMS / Letter
GIRO/CHEQUE
AUTOCOLL Billing by Telecollection OD 1 s/d 7 day
& Whatsapp
CASH
After Billing by Field-Collection
OD 8 s/d 30 day
BANK Maturity
Asset Collection and OD > 30 day
PAYMENT CHANNEL Safeguarding • PROFIT/LOSS STATEMENT
After Repossessed • INFORMATION LETTER
• SALES AUCTION
Division of Business Segments by Operating Segment
The Company’s operating segments are divided based on major customer groups and products, namely Fleet
and Retail, and other segments to account for items that cannot be allocated to either segment. In determining
segment results, certain assets and liabilities as well as related revenues and expenses are distributed to each
segment based on the management’s internal reporting policies.
A description of the operations of each segment in the Company’s segment reporting is as follows:
1. Retail
Included in retail segment reporting are all operating segment valuation indicators that are clearly attributable
to consumer financing for individual customers.
2. Fleet
Included in fleet segment reporting are all operating segment valuation indicators that are clearly attributable
as part of financing for corporate customers.
3. Others
Included in this segment reporting is operating segment reporting information related to treasury and head
office activities such as bank interest income, general and administrative expenses that cannot be allocated to
the two segments above.
In addition, the Company considers operating segments based on geographical information.
MTF Operating Segment
By Main Customer Group and Product By Geography
• Regional I (Sumatera) • Regional VII (Jawa Timur,
• Regional II (Sumatera) Bali, NTB & NTT)
• Regional III (Banten & Jakarta) • Regional VIII (Kalimantan)
• Regional IX (Sulawesi,
Retail Fleet Others • Regional IV (Jabodebek)
• Regional V (Jawa Barat) Maluku & Papua)
• Regional VI (Jawa Tengah • Fleet
& D.I Yogyakarta) • Others
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Retail Financing Segment
Retail Financing is financing for customers who apply for financing at the Company’s branch offices through the
credit scoring menu. This retail financing is provided for the target market to finance the purchase of new or used
motor vehicles. In retail financing, the provision of administration and insurance costs are charged to the customer,
the amount of which depends on the financing period and is specified separately in the financing product/package
offered. During the credit period, the financing is insured to the Company’s partner insurance company as a form
of risk mitigation.
In 2024, revenue from retail financing increased by Rp1 trillion from Rp3.98 trillion in 2023 to Rp4.98 trillion in 2024.
Number and Contribution of Retail Segment to MTF’s Revenue
2024 2023 Increase/(Decrease) (2023 – 2024)
Contract Origin Total Contribution Total Contribution Total Contribution
(Rp Million) (%) (Rp Million) (%) (Rp Million) (%)
Retail
Car 4,976,698 89.20 3,975,623* 83.14* 1,001,075 25.18
Motorcycle 179 0.00 484 0.01 (305) (63.02)
Total Retail 4,976,877 89.20 3,976,107* 83.15* 1,000,770 25.17
Total Revenue 5,579,315 4,781,968* 797,347
*) Restated
Total and Contribution of Retail Segment to MTF Assets
2024 2023 Increase/(Decrease) (2023 – 2024)
Contract Origin Total Contribution Total Contribution Total Contribution
(Rp Million) (%) (Rp Million) (%) (Rp Million) (%)
Retail
Car 27,573,367 80.10 22,827,261 76.79 4,746,106 20.79
Motorcycle 80 0.00 95 0,00 (15) (15.79)
Total Retail 27,573,447 80.10 22,827,356 76.79 4,746,091 20.79
Total Asset 34,425,455 29,727,392 4,698,063
83.25
83.05
89.2
66.54
76.79
80.1
Contribution of Retail Contribution of Retail
Segment to MTF Segment to MTF
Revenue Assets
(%) (%)
2022 2023 2024 2022 2023 2024
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Financial Performance and Profitability of MTF Retail Segment (Rp million)
Increase (Decrease) 2023 - 2024
2024 2023
Nominal (Rp -million) Percentage (%)
Account
Motor Motor Motor Motor
Car Total Car Total Car Total Car Total
cycle cycle cycle cycle
Income
Consumer
3,254,869 0 3,254,869 2,715,052 106 2,715,158 539,817 (106) 539,711 19.88 (100.00) 19.88
finance
Finance lease 344,551 0 344,551 206,950 0 206,950 137,601 0 137,601 66.49 - 66.49
Bank Deposit
14.757 0 14,757 13,211 0 13,211 1,546 0 1,546 11.70 - 11.70
Interest
Other - net 1,362,521 179 1,362,700 1,040,410*) 378 1,040,788*) 322,111 (199) 321,912 30.96 (52.65) 30.93
Total income 4,976,698 179 4,976,877 3,975,623*) 484 3,976,107*) 1,001,075 (305) 1,000,770 25.18 (63.02) 25.17
Loads
Financial
(1,614,655) 0 (1,614,655) (1,167,286) (2) (1,167,288) 447,369 (2) 447,367 3833 (100.00) 38.33
expenses
Salary and
benefit (727,512) (17) (727,529) (747,809) (1,017) (748,826) (20.297) (1.000) (21.297) (2.71) (98.33) (2.84)
expenses
General and
administrative (390,024) (40) (390,064) (328,573) 273 (328,300) 61,451 (313) 61.764 18.70 (114.65) 18.81
expenses
Allowance for
impairment (866,741) (5) (866,746) (603,315)*) 3 (603,312)*) 263,426 8 263,434 43.66 266.67 43.66
loss
Total expense (3,598,932) (62) (3,598,994) (2,846,983)*) (743) (2,847,726)*) 751,949 (681) 751,268 26.41 (91.66) 26.38
Profit (loss)
before final tax
1,377,766 117 1,377,883 1,128,640 (259) 1,128,381 249,126 376 249,502 22.07 145.17 22.11
expense and
income tax
Total assets 27,573,367 80 27,573,447 22,827,261 95 22,827,356 4,746,106 (15) 4,746,091 20.79 (15.79) 20.79
Total liabilities 1,107,576 1.217 1,108,793 1,358,244 1,866 1,360,110 (250,668) (649) (251,317) (18.46) (34.78) (18.48)
*) Restated
Fleet Financing Segment
Fleet Financing is financing for customers managed by the Corporate Fleet Division which is the provision of
Financing Provision Limit (BPP) to 1 (one) Debtor or 1 (one) group of obligors, a business entity or an individual.
Regarding business entities, the provision of financing value is equal to or above Rp5 billion.
Fleet Financing is divided into 2 (two) books, namely:
1. Investment Financing
Financing of capital goods and services required for business/investment activities, rehabilitation,
modernization, expansion or relocation of business/investment premises provided to Debtors.
2. Working Capital Financing
Financing to meet expenditure needs that are exhausted within 1 (one) cycle of the Customer’s business activities,
by providing financing limits to customers who are commited and advised.
Fleet segment revenue, especially Fleet Cars in 2024, decreased by Rp203.42 billion or 25.24% compared to 2023.
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Number and Contribution of Fleet Segment to MTF Revenue
2024 2023 Kenaikan (Penurunan) 2023-2024
Contract Origin Total Contribution Total Contribution Total Contribution
(Rp Million) (%) (Rp Million) (%) (Rp Million) (%)
Fleet
Car 602,438 10.80 805,794*) 16.85*) (203,356) (25.23)
Motorcycle 0 0.00 67 0,00 (67) (100)
Number of Fleets 602,438 10.80 805,861*) 16.85*) (203,423) (25.24)
Total Revenue 5,579,315 4,781,968*) 797,347
*) Restated
Amount and Contribution of Fleet Segment to MTF Assets
2024 2023 Kenaikan (Penurunan) 2023-2024
Contract Origin Total Contribution Total Contribution Total Contribution
(Rp Million) (%) (Rp Million) (%) (Rp Million) (%)
Fleet
Car 4,776,683 13.88 5,142,242 17.30 (365,559) (7.11)
Motorcycle 171 0,00 171 0.00 0 0.00
Number of Fleets 4,776,854 13.88 5,142,413 17.30 (365,559) (7.11)
Total Assets 34,425,455 29,727,392 4,698,063
19.98
16.85
10.80
27.42
17.30
13.88
Fleet Segment Fleet Segment
Contribution to MTF Contribution to MTF
Revenue Assets
(%) (%)
2022 2023 2024 2022 2023 2024
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04
Financial Performance and Profitability of MTF Fleet Segment (Rp million)
Increase (Decrease) 2023-2024
2024 2023
Nominal (Rp-million) Percentage (%)
Account
Motor Motor Motor Motor
Car Jumlah Car Jumlah Car Jumlah Car Jumlah
cycle cycle cycle cycle
Income
Consumer
198,621 0 198,621 285,142 50 285,192 (86,521) (50) (86,571) (30.34) (100.00) (30.36)
finance
Finance lease 334,153 0 334,153 445,801 0 445,801 (111,648) 0 (111,648) (25.04) - (25.04)
Factoring 438 0 438 909 0 909 (471) 0 (471) (51.82) - (51.82)
Bank Deposit
2,716 0 2,716 3.923 0 3,923 (1,207) 0 (1,207) (30.77) - (30.77)
Interest
Other - net 66,510 0 66,510 70.019*) 17 70,036*) (3,509) (17) (3,526) (5.01) (100.00) (5.03)
Total income 602,438 0 602,438 805.794*) 67 805,861*) (203,356) (67) (203,423) (25.24) (100.00) (25.24)
Loads
Financial
(299,291) 0 (299,291) (342,866) (11) (342,877) (43,575) (11) (43,586) (12.71) (100.00) (12.71)
expenses
Salary and
benefit (47,702) 0 (47,702) (53,368) 0 (53,368) (5,666) 0 (5,666) (10.62) 0 (10.62)
expenses
General and
administrative (23,114) 0 (23,114) (21,536) 0 (21,536) 61,451 (313) 61,764 18,70 (114,65) 18,81
expenses
Allowance for
impairment (106,047) 0 (106,047) (25,226)*) (9) (25,235)*) 80,821 (9) 80,812 320.39 (100.00) 320,24
loss
Total load (476,154) 0 (476,154) (442,996)*) (20) (443,016)*) 33,158 (20) 33,138 7.48 (100.00) 7.48
Profit (loss)
before final tax
126,284 0 126,284 362,798 47 362,845 (236,514) (47) (236,561) (65.19) (100.00) (65.20)
expense and
income tax
Total assets 4,776,683 171 4,776,854 5,142,242 171 5,142,413 (365,559) 0 (365,559) (7.11) 0.00 (7.11)
Total liabilities 356,510 37 356,547 299,780*) 247 300,027*) 56,730 (210) 56,520 18.92 (85.02) 18.84
*) Restated
Others Segment
Others segment is the operating segment reporting information related to treasury and head office activities
such as bank interest income, general and administrative expenses that cannot be allocated to the two
segments above. This segment includes only assets and liabilities as part of treasury and head office activities.
Financial Performance and Profitability of Other Segments (Rp million)
Increase (Decrease) 2023-2024
Description 2024 2023 Nominal Contribution
(Rp-million) (%)
Total Assets 2,075,154 1,757,623 317,531 18.07
Total Liabilities 28,095,693 24,037,595 4,058,098 16.88
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ANALYSIS OF BUSINESS SEGMENT PERFORMANCE
BASED ON GEOGRAPHIC INFORMATION
Business Segments by Geography
In addition to the main customer groups and products, the Company also presents segment information
based on geography, namely the distribution of financing services spread across various regions in Indone-
sia. The Company categorizes the distribution of the retail financing customer market into 9 (nine) regions
with the following coverage areas.
Geographical Region Breakdown
Regional I Covers the Riau Islands, Riau and North Sumatra regions
Regional II Covers Bengkulu, Jambi, Bangka Belitung, Lampung, West Sumatra and South Sumatra
Covers Banten (Tangerang (BSD and Bintaro), Cilegon, Serang, and Lebak (Rangkasbitung)), and DKI Jakarta
Regional III
(North Jakarta, West Jakarta, and Central Jakarta).
Covers DKI Jakarta (covering East Jakarta and South Jakarta), and West Java (covering Bekasi, Depok, and
Regional IV
Bogor).
Covering the West Java region (including Karawang, Sukabumi, Bandung, Tasikmalaya, Cirebon, Garut, and
Regional V
Subang)
Regional VI Covers Central Java and Yogyakarta region
Regional VII Covers East Java, Bali, West Nusa Tenggara, and East Nusa Tenggara.
Regional VIII Covers Kalimantan region
Regional IX Covers Sulawesi, Maluku, and Papua
Number and Contribution of Operating Segments by Geography to MTF’s Revenue
Total Revenue
2024 2023*) Increase (Decrease) 2023-2024
by Geography Total Contribution Total Contribution Total Contribution
(Rp Million) (%) (Rp Million) (%) (Rp Million) (%)
Regional I (Sumatera) 427,008 7.65 316,751 6.62 110,257 34.81
Regional II (Sumatera) 402,925 7.22 416,083 8.70 (13,158) (3.16)
Regional III (Banten dan
612,308 10.97 457,083 9.56 155,225 33.96
Jakarta)
Regional IV (Jabodebek) 589,058 10.56 469,685 9.82 119,373 25.42
Regional V (Jawa Barat) 377,534 6.77 314,531 6.58 63,003 20.03
Regional VI (Jawa Tengah,
351,305 6.30 323,087 6,76 28,218 (100)
Yogyakarta)
Regional VII (Jawa Timur,
622,120 11.15 490,066 10.25 132,054 26.95
Bali, NTB, dan NTT)
Regional VIII (Kalimantan) 924,928 16.58 688,065 14.39 236,863 34.42
Regional IX (Sulawesi,
669,691 12.00 500,756 10.47 168,935 33.74
Maluku, dan Papua)
Fleet 602,438 10.80 805,861 16.85 (203,423) (25.24)
Total Revenue 5,579,315 4,781,968 797,347 16.67
*) Restated
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Number and Contribution of Operating Segments by Geography to MTF’s Total Assets
Total Asset
2024 2023 Increase (Decrease) 2023-2024
by Geography Total Contribution Total Contribution Total Kontribusi
(Rp Million) (%) (Rp Million) (%) (Rp Million) (%)
Regional I (Sumatra) 2,215.841 6.44 1,745,446 5.9 470,395 26.95
Regional II (Sumatra) 1,975,441 5.74 1,907,732 6.42 67,709 3.55
Regional III (Banten
3,932,290 11.42 3,118,550 10.49 813,740 26.09
dan Jakarta)
Regional IV (Jabodebek) 4,000,388 11.62 3,345,820 11.23 654,568 19.56
Regional V (Jawa Barat) 2,049,049 5.95 1,706,071 5.74 342,978 20.10
Regional VI (Jawa Tengah,
2,054,319 5.97 1,743,026 5.86 311,293 17.86
Yogyakarta)
Regional VII (Jawa Timur,
3,578,879 10.40 2,841,407 9.56 737,472 25.95
Bali, NTB, dan NTT)
Regional VIII (Kalimantan) 4,465,745 12.97 3,650,156 12.28 815,589 22.34
Regional IX (Sulawesi,
3,301,495 9.59 2,769,148 9.32 532,347 19.22
Maluku, dan Papua)
Fleet 4,776,854 13.88 5,142,413 17.30 (365,559) (7.11)
Others 2,075,154 6.02 1,757,623 5.90 317,531 18.07
Total Assets 34,425,455 29,727,392 4,698,063 15.80
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AWAKENING A NEW SPIRIT LEADING THE MARKET
FINANCIAL
OVERVIEW
The analysis and discussion of financial performance in this annual report refers to the Financial Statements.
The presentation and disclosure of the Company’s financial statements have been prepared in accordance
with Indonesian Financial Accounting Standards (SAK) which include Statements and Interpretations issued
by the Financial Accounting Standards Board of the Indonesian Institute of Accountants.
Financial Position
Description Growth (Decrease)
(Million Rupiah)
2024 2023
Rp %
ASSETS
Cash and Cash Equivalents 1,292,160 852,140 440.020 51,64
Consumer Financing Receivables 26,719,179 22,361,823 4.357.356 19,49
Finance Lease Receivables 5,395,158 5,347,572 47.586 0,89
Factoring 19,438 35,322 (15.884) (44,97)
Other Receivables 500,283 622,854 (122.571) (19,68)
Deferred Tax Assets 84,726 100,789 (16.063) (15,94)
Derivative Receivables 45,008 28,933 16.075 55,56
Fixed Assets 278,475 283,625 (5.150) (1,82)
Other Assets 91,028 94,334 (3.306) (3,50)
Total Assets 34,425,455 29,727,392 4,698,063 15,80
LIABILITIES
Accounts Payable 604.208 1.017.137 (412.929) (40,60)
Other Payables 212.456 247.721 (35.265) (14,24)
Current tax payable 112.491 112.000 491 0,44
Accrued Expenses 247.941 262.098 (14.157) (5,40)
Bank Loan 21.476.196 18.096.715 3.379.481 18,67
Securities Issued 6.681.925 5.687.515 994.410 17,48
Employee Benefits Liability 213.162 274.546 (61.384) (22,36)
Total Liabilities 12.654 0 12.654 -
Total Liabilities 29.561.033 25.697.732 3.863.301 15,03
EQUITY
Issued and Fully Paid-up Capital 250.000 250.000 0 0,00
Other Comprehensive Income:
Remeasurement of Employee Benefits
(7.155) (38.390) 31.235 (81,36)
Liability - Net
Cumulative Gain/(Loss) on Derivative Instruments
(17.423) 2.802 (20.225) (721,81)
for Cash Flow Hedging - Net
Profit Balance
Pre-determined Usage 50.000 50.000 0 0,00
Not yet designated for use 4.589.000 3.765.248 823.752 21,88
Total Equity 4.864.422 4.029.660 834.762 20,72
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Assets
The Company’s total assets in 2024 and 2023 amounted to Rp34.43 trillion and Rp29.73 trillion respectively, an
increase of Rp4.7 trillion or 15.8%. The increase in total assets was mostly due to an increase in the Consumer
Financing Receivables portfolio.
Liabilities
Total liabilities this year increased by 15.03% or Rp3.86 trillion from Rp25.7 trillion in 2023 to Rp29.56 trillion in
2024. The increase was in bank loans which increased by Rp3.38 billion or 18.67% from Rp18.1 trillion in 2023
to Rp21.48 trillion in 2024.
Equity
In 2024, the Company’s total equity was Rp4.86 trillion, an increase of Rp834.76 billion or 21.88% compared to
the total equity in 2023 of Rp4.03 trillion. The increase was caused by the increased net profit of the company.
Profit and Loss and Income Interest Income
Description Growth (Decrease)
(Million Rupiah)
2024 2023
Rp %
Revenue 5.579.315 4.781.968 797.347 16,67
Loads (4.075.148) (3.290.742) 784.406 23,84
Profit Before Final Tax Expense and Income Tax 1.504.167 1.491.226 12.941 0,87
Final Tax Expense (3.495) (3.427) 68 1,98
Profit Before Income Tax Expense 1.500.672 1.487.799 12.873 (19,68)
Income Tax Expense (328.590) (326.698) 1.892 0,58
Profit for the Year 1.172.082 1.161.101 10.981 0,95
Comprehensive Income 11.010 798 10.212 1.279,70
Total Comprehensive Income for the Year 1.183.092 1.161.899 21.193 1,82
Basic Earnings per Share (Full Rupiah) 469 464 5 1,08
Revenue
The Company’s revenue in 2024 increased by Rp797.35 billion or 16.67% from the previous year, from Rp4.78
trillion to Rp5.58 trillion. The description of the revenue is Revenue from Consumer Financing Revenue,
Financing Lease Revenue, Factoring Revenue, Interest Income, and Other Revenue-net which amounted to
Rp3.45 trillion, Rp678.7 billion, Rp438 million, Rp17.47 billion and Rp1.43 trillion, respectively. The increase
occurred in consumer financing income of Rp453.14 billion, while the decrease in revenue occurred in the
factoring income of Rp471 billion.
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Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Revenue from Consumer Financing 3.453.490 3.000.350 453.140 15,10
Income from Finance Lease 678.704 652.751 25.953 3,98
Factoring Income 438 909 (471) (51,82)
Interest Income 17.473 17.134 339 1,98
Net Other Income 1.429.210 1.110.824* 318.386 28,66
Total Revenue 5.579.315 4.781.968* 797.347 16,67
Loads
The Company’s expenses in 2024 increased by 23.84% to Rp4.08 trillion compared to the previous year of Rp3.29
trillion. A significant increase occurred in the Company’s financial expenses in 2024 reaching Rp1.91 trillion, an
increase of 26.74% or Rp403.78 billion compared to financial expenses in 2023 which amounted to Rp1.51 trillion.
The increase was due to the increase in loan interest received.
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
LOADS
Financial Expenses 1.913.946 1.510.165 403.781 26,74
Salary and Benefits 775.231 802.194 (26.963) (3,36)
General and Administration 413.178 349.836 63.342 18,11
Allowance for Impairment Losses:
Consumer Financing 885.498 726.080 159.418 21,96
Finance Lease 83.288 7.651 75.637 988,59
Factoring 14.874 (9.057) 23.931 264,23
Other Receivables (10.867) (96.127) 85.260 88,70
Total Allowance for Impairment Losses 972.793 599.479 373.314 62,27
Total Load 4.075.148 3.290.742* 784.406 23,84
*) Restated
Allowance for Impairment Losses
Allowance for impairment losses in 2024 amounted to Rp972.79 billion, an increase of 62.27% or Rp373.31 billion
compared to Rp599.48 billion in 2023. The increase in impairment losses is in line with the increase in the
financing receivables portfolio along with the decline in financing quality during 2024.
Profit (Loss) for the Year
Profit (loss) before final tax expense and income tax is derived from the accumulation of revenues and expenses.
With the revenues and expenses as described above, in 2024, the Company booked profit before final tax expense
and income tax of Rp1.50 trillion, an increase of 0.87% or Rp12.94 billion from the previous year’s profit (loss) before
final tax expense and income tax of Rp1.49 trillion. This was due to the increase in MTF’s consumer financing and
finance lease income in 2023 by 15.10% and 3.98% or Rp453.14 billion and Rp25.95 billion, respectively.
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Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
PROFIT (LOSS) FOR THE YEAR
Revenue 5.579.315 4.781.968 797.347 16,67
Loads (4.075.148) (3.290.742) 784.406 23,84
Profit (Loss) Before Final Tax
1.504.167 1.491.226 12.941 0,87
and Income Tax Expense
Final Tax Expense (3.495) (3.427) 68 1,98
Profit (Loss) Before Income Tax Expense 1.500.672 1.487.799 12.873 0,87
Income Tax Benefit (Expense) (328.590) (326.698) 1.892 0,58
Profit (Loss) for the Year 1.172.082 1.161.101 10.981 0,95
*) Restated
Total Comprehensive Income for the Year
Total comprehensive income for the year is obtained from the accumulation of profit (loss) for the year and other
comprehensive income. Other comprehensive income after tax in 2024 amounted to Rp1.18 trillion, an increase
of 1.82% or Rp21.19 billion from 2023 of Rp1.16 trillion. The increase in other comprehensive income was due to an
increase in the effective portion of gains on hedging instruments in cash flow hedges.
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
Profit (Loss) for the Year 1.172.082 1.161.101 10.981 0,95
Other Comprehensive Income 11.010 798 10.212 1.279,70
Items That Will Not Be Reclassified to Profit or Loss
Remeasurement of Employee Benefits Liability 40.044 (10.502) 50.546 481,30
Related Income Tax (8.809) 2.310 (11.119) (481,34)
Sub Amount 31.235 (8.192) 39.427 481,29
Items to be Reclassified to Profit or Loss:
Effective Portion of Loss on Hedging
(25.929) 11.525 (37.454) (324,98)
Instruments for Cash Flow Hedges
Related Income Tax 5.704 (2.535) 8.239 325,01
Sub Amount (20.225) 8.990 (29.215) (324,97)
Other Comprehensive Income - After Tax 11.010 798 10.212 1.279,70
Total Comprehensive Income (Loss) for the Year 1.183.092 1.161.899 21.193 1,82
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Cash Flow Statement
Cash flow provides an overview of the Company’s cash receipts and disbursements. As seen in the table above,
net cash used for operating activities, for investing activities, as well as net cash obtained from financing activities,
decreased, causing the Company’s cash and cash equivalents at the end of the year to decrease as described
below.
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Cash Flow from Operating Activities (3.443.243) (4.420.498) (977.255) (22,11)
Cash Flow from Investing Activities (65.844) (118.954) (53.110) (44,65)
Cash Flow from Financing Activities 3.949.107 4.551.156 (602.049) (13,23)
Net Increase (Decrease) in Cash and
440.020 11.704 428.316 3.659,57
Cash Equivalents
Cash and Cash Equivalents at
852.140 840.436 11.704 1,39
the Beginning of the Year
Cash and Cash Equivalents at End of Year 1.292.160 852.140 440.020 51,64
Cash Flow from Operating Activities
Net cash used for operating activities in 2024 amounted to a deficit of Rp3.44 trillion, a 22.11% decrease from
2023 which obtained a deficit of Rp4.42 trillion. As seen in the table below, The decrease in the deficit was due
to factoring financing, which decreased by 79.36% from 2023.
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Cash Receipts from Consumers:
Consumer Financing 27.896.386 24.738.302 3.158.084 12,77
Finance Lease 4.193.421 4.099.252 94.169 2,30
Factoring 1.445 7.000 (5.555) (79,36)
Joint Financing 12.611.438 12.782.010 (170.572) (1,33)
Interest Income on Bank Deposits 13.978 13.688 290 2,12
Penalty Income 202.567 148.794 53.773 36,14
Receipt from written-off receivables 182.787 161.497 21.290 13,18
Receipt of Excess Tax Collection - - - -
Insurance Premium 1.791.375 1.651.382 139.993 8,48
Cash Expenditures For:
Joint Financing Facility Payment (9.484.182) (10.632.638) (1.148.456) (10,80)
Payment to vehicle dealer (36.306.565) (33.458.424) 2.848.141 8,51
Payment of Financial Expenses (1.902.137) (1.492.506) 409.631 27,45
Income Tax Payment (315.141) (324.758) (9.617) (2,96)
Salary and Allowance Payment (862.249) (772.663) 89.586 11,59
Payment of General and Administrative Expenses (303.074) (340.005) (36.931) (10,86)
Payment to Insurance Company (1.163.292) (1.001.429) 161.863 16,16
Net Cash Provided by (Used for)
(3.443.243) (4.420.498) (977.255) (22,11)
Operating Activities
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Cash Flow from Investing Activities
In 2024, the use of net cash for investing activities was recorded at Rp65.84 billion, down 44.65% compared to
2023 which amounted to Rp118.95 billion. The decrease in net cash for investing activities was due to a decrease
in purchases of office equipment, buildings of the entity in 2024 by 37.82% compared to 2023.
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Purchase of Fixed Assets (54.028) (86.892) (32.864) (37,82)
Acquisition of Right of Use Assets (12.126) (32.191) (20.065) (62,33)
Sale of Fixed Assets 310 129 181 140,31
Net Cash Used in Investing Activities (65.844) (118.954) (53.110) (44,65)
Cash Flow from Financing Activities
Net cash flow obtained from financing activities in 2024 was recorded at Rp3.95 trillion, a decrease compared to
2023 where the Company obtained cash from financing activities of Rp4.55 trillion. This decrease was due to the
entity’s loan repayments which increased in 2024 by 66.21% compared to 2023.
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Loan Acceptance 26.309.467 17.276.376 9.033.091 52,29
Acceptance of Securities Issued 2.772.195 1.822.845 949.350 52,08
Loan Repayment (22.984.649) (13.829.050) 9.155.599 66,21
Payment of Securities Issued (1.773.150) (472.000) 1.301.150 275,67
Payment of Securities Issuance Expenses (8.764) (6.283) 2.481 39,49
Cash Dividend Payment (348.330) (225.064) 123.266 54,77
Payment of rent payable (17.662) (15.668) 1.994 12,73
Net Cash Provided by (Used for) Financing
3.949.107 4.551.156 (602.049) (13,23)
Activities
Increase (Decrease) in Net Cash and Cash and Cash Equivalents at End of Year
By accounting for net cash used in operating activities, in investing activities, and provided by financing activities
as described above, cash and cash equivalents at the end of 2024 were recorded at Rp1.29 trillion, an increase
of 51.64% from the beginning of the year of Rp852.14 billion. This was dominated by loan repayments which
increased by 66.21% in 2024 compared to 2023.
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THE COMPANY’S EFFICIENCY
AND PROFITABILITY
Increase
Description Satuan 2024 2023
(Decrease)
PROFITABILITY
Return on Assets % 3,65 4,34 (0,69)
Return on Assets*) % 4,37 5,00 (0,64)
Return on Average Assets* % 4,69 5,58 (0,89)
Return on Equity % 24,09 28,81 (4,72)
Return on Average Equity % 26,36 32,60 (6,24)
Total Revenue / Total Assets % 16,21 16,09 0,12
Profit Before Income Tax/Revenue % 26,96 31,18 (4,22)
Net Profit After Tax Current Year/Revenue % 21,01 24,28 (3,27)
Cost Efficiency Ratio % 32,26 34,34 (2,08)
Current Ratio (times) 1,24 1,09 0,15
EARNING ASSETS
Net Financing Receivables Under Management (Rp million) 60.642.783 53.061.308 7.581.475
Joint Financing receivables (Rp million) 27.916.505 24.898.967 3.017.538
Outstanding Receivables Under Management % 1,05 0,70 0,35
LIQUIDITY
Total Liabilities / Total Assets (times) 0,86 0,86 0
Total Liabilities / Total Equity (times) 6,08 6,38 (0,3)
Interest-bearing Debt/Total Equity**) (times) 5,79 5,90 (0,11)
*) Using profit before tax calculation
**) Gearing Ratio
Profitability Ratio
The return on average assets ratio is used to determine the Company’s ability to earn profit from all invested
assets. As of 31 December 2024 and 2023, the return on average assets ratio was 3.65% and 4.34%, respectively.
Efficiency Ratio
The Cost Effiency Ratio (CER) in 2024 was recorded at 32.26% or a decrease compared to 2023 which was recorded at
34.34%. The decrease in CER is due to efficiency in costs with an increase in the Company’s revenue. This shows the
Company’s success in growing its business which is reflected in revenue growth, which is accompanied by efficiency
strategies on expenses.
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Composition of Financing Expenses
The Company’s financing expenses as of 31 December 2024 amounted to Rp1.91 trillion, an increase of 26.74% or
Rp403.78 billion from the previous year.
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Bank Loan 1.152.592 921.592 231.000 25,07
Securities 386.154 354.777 31.377 8,84
Bank Administration and Fees 66.401 67.902 (1.501) (2,21)
Amortization of Securities Issuance Costs 4.129 3.716 413 11,11
Loss/Loss on Foreign Exchange (4.003) 591 (4.594) (777,33)
Others 2.447 2.584 (137) (5,30)
Interest on loans received 304.021 156.527 147.494 94,23
Interest on Lease Liabilities 2.205 2.476 (271) (10,95)
Total Financing Expenses 1.913.946 1.510.165 403.781 26,74
Ability to Pay Debt
The Company has an adequate ability to fulfill its short-term and long-term debt obligations. This can be seen from
the solvency ratio. While the liquidity ratio is a ratio to measure the Company’s ability to pay short-term debt.
Description Growth
(MIllion Rupiah)
2024 2023
(Decrease)
LIQUIDITY RATIO
Current Ratio (times) 1,24 1,09 0,15
Cash Ratio (%) 9,91 6,75 3,16
SOLVENCY RATIO
Interest-bearing Debt to Equity Ratio 5,79 5,9 (0,11)
Debt to Equity Ratio (DER) (times) 6,08 6,38 (0,30)
Debt to Asset Ratio (DAR) (times) 0,86 0,86 0,00
Liquidity Ratio
The Company’s liquidity is the Company’s ability to meet short-term liabilities using its current assets. Liquidity
is measured using current ratio, which is the ratio between current assets and current liabilities and cash ratio
which is calculated by comparing cash and cash equivalents with current debts or liabilities. Current assets
consist of assets that will mature in less than one year. In 2024, the Company’s current ratio was recorded at
1.24 times, an increase compared to the current ratio in 2023 which was recorded at 1.09 times. The cash ratio
has increased from 6.75% in 2023 to 9.91% in 2024.
Solvency Ratio
Decrease in 2024 in the Debt to equity ratio was recorded at 6.08 times, a decrease of 0.30% compared to 2023
of 6.38 times. Meanwhile, the ratio of debt to assets in 2024 was 0.86 times, no significant change compared to
the year 2023 which reached 0.86 times.
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More than 6
Less than More than No contractual Recorded
Description 1-6 months months to
maturity Value
One Month 1 year
1 year
ASSETS
Cash and Cash Equivalents 1.284.161 - - - - 1.284.161
Consumer Financing Receivables 1.088.517 4.967.787 5.354.643 15.784.995 - 27.195.942
Finance Lease Receivables 283.951 1.285.641 1.267.366 2.658.629 - 5.495.587
Factoring 577 2.896 3.475 27.800 - 34.748
Other Receivables 533.714 - - - - 533.714
Derivative Receivables - 7.979 - 37.029 - 45.008
Other Assets 35.537 - - - - 35.537
Total Assets 3.226.457 6.264.303 6.625.484 18.508.453 - 34.624.697
LIABILITIES
Accounts Payable 604.208 - - - - 604.208
Other Payables 175.682 3.749 3.676 13.992 - 197.099
Derivative payable - - - 12.654 - 12.654
Accrued Expenses 3.118 244.823 - - - 247.941
Loans Received 1.055.825 4.915.936 4.793.538 10.710.897 - 21.476.196
Securities Issued - 851.315 385.860 5.444.750 - 6.681.925
Total Liabilities 1.838.833 6.015.823 5.183.074 16.182.293 - 29.220.023
Total Maturity Difference 1.387.624 248.480 1.442.410 2.326.160 - 5.404.674
The table below shows the remaining contractual maturities of financial liabilities based on undiscounted cash
flows as of 31 December 2024.
More than 6
Less than More than No contractual Recorded
Description 1-6 months months to
maturity Value
One Month 1 year
1 year
LIABILITIES
Accounts Payable 604.208 - - - - 604.208
Other Payables 175.370 4.149 3.890 15.414 - 198.823
Derivative payable - - - 12.654 - 12.654
Accrued Expenses 3.118 244.823 - - - 247.941
Bank Loan 1.182.159 5.452.681 5.266.390 11.393.597 - 23.294.827
Securities Issued 10.534 1.056.443 580.679 6.335.280 - 7.982.936
Total Liabilities 1.975.389 6.758.096 5.850.959 17.756.945 - 32.341.389
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FINANCING FACILITIES
AND COLLECTABILITY OF RECEIVABLES
In running its business, the Company always pays attention to the prudent principle. Each credit application must
go through a careful credit analysis process and various stages of approval. Conservative portfolio management
is carried out by applying progressive allowances for all receivables that have entered the doubtful category.
Currently, the Company applies an allowance for doubtful accounts based on a review of the balance status at the
end of the period.
The Company consistently handles problematic financing by emphasizing the prudent principle and maintaining
customer compliance to make payments on time by reminding, collecting, and repossessing. The Company also has
a credit rescue division called Account Receivable Management Division which is led by two Account Receivable
Division Heads who oversee several Account Receivable Department Heads and each Account Receivable
Department Head will oversee several Remedial Heads and Collection Heads.
Arrears of Consumer Financing Receivables Based Arrears on Installments
Description 2024 2023 Growth (Decrease)
(MIllion Rupiah) Rp % Rp % Rp %
Total Receivables 64.807.461 100,00 56.405.366 100,00 8.402.095 14,90
Current 61.649.097 95,13 53.888.430 95,54 7.760.667 14,40
1 - 90 days in arrears 2.426.559 3,74 2.030.050 3,60 396.509 19,53
91 - 120 days in arrears 232.364 0,36 227.964 0,40 4.400 1,93
121 - 180 days in arrears 239.369 0,37 250.250 0,44 (10.881) (4,35)
>180 days in arrears
260.072 0,40 8.672 0,02 251.400 2.898,99
(Non Performing Receivables)
Consumer Financing Receivables
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Total Receivables 32.787.494 27.898.155 4.889.339 17,53
Unrecognized Consumer Financing Income (5.591.552) (5.188.438) 403.114 7,77
Net Consumer Financing Receivables 27.195.942 22.709.717 4.486.225 19,75
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Arrears of Consumer Financing Lease
Receivables by Arrears of Installments
Description 2024 2023 Growth (Decrease)
(MIllion Rupiah) Rp % Rp % Rp %
Total Receivables 6.450.469 100,00 6.265.251 100,00 185.218 2,96
Current 5.933.063 91,98 5.998.708 95,75 (65.645) (1,09)
1 - 90 days in arrears 482.074 7,47 244.470 3,90 237.604 97,19
91 - 120 days in arrears 10.840 0,17 6.605 0,10 4.235 64,12
121 - 180 days in arrears 14.496 0,22 15.468 0,25 (972) (6,28)
>180 days in arrears
9.996 0,15 - - - -
(Non-Performing Receivables)
Consumer Finance Lease Receivables
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Total Receivables 6.450.469 6.265.251 185.218 2,96
Unrecognized Consumer Financing Income (932.482) (820.377) 112.105 13,67
Net Consumer Financing Receivables 5.495.587 5.416.865 78.722 1,45
*) Restated
Factoring Receivables Arrears Based on Installment Arrears
Description 2024 2023 Growth (Decrease)
(MIllion Rupiah) Rp % Rp % Rp %
Total Receivables 49.867 100,00 50.954 100,00 (1.087) (2,13)
Current - - 50.954 100,00 (50.954) (100,00)
1 - 90 days in arrears - - - - - -
91 - 120 days in arrears 49.867 - - - 49.867 100
121 - 180 days in arrears - - - - - -
>180 days in arrears
- - - - - -
(Non-Performing Receivables)
Factoring Receivables
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Total Receivables 49.867 50.954 (1.087) (2,13)
Unrecognized Consumer Financing Income (15.119) (15.196) (77) (0,51)
Net Consumer Financing Receivables 34.748 35.758 (1.010) (2,82)
*) Restated
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Not Yet Due and Not Impaired in
Value Due and Not
Impaired Reserves for
Description Impaired Total
in Value Impairment Losses
High Grade Standard Grade in Value
Cash and Cash
1.284.161 - - - - 1.284.161
Equivalents
Consumer Financing
12.906.953 12.847.456 1.057.674 383.859 (476.763) 26.719.179
Receivables
Consumer Finance
3.054.512 2.018.162 253.369 169.544 (100.429) 5.395.158
Lease Receivables
Factoring - - - 34.748 (15.310) 19.438
Other Receivables 500.283 - - 33.431 (33.431) 500.283
Derivative Receivables 45.008 - - - - 45.008
Other Assets 35.537 - - - - 35.537
Total Assets 17.826.454 14.865.618 1.311.043 621.582 (625.933) 33.998.764
A breakdown of the quality of loans that are not past due and not impaired:
1. High grade, i.e. no previous arrears.
2. Standard grade, which has experienced arrears before but there has been no delay in the payment of principal
and interest installments.
Consumer financing receivables and finance lease receivables whose installment payments are more than 90 days
in arrears are classified as impaired financial assets. As collateral for consumer financing receivables, the Company
receives collateral from consumers in the form of Proof of Motor Vehicle Ownership (BPKB) of motor vehicles
financed by the Company.
The following table shows the aging analysis of financing receivables that are past due but not impaired:
Description
1-30 days 31-60 days 61-90 days Total
(MIllion Rupiah)
CONSUMER FINANCING RECEIVABLES
Individual 710.096 290.422 162.694 1.163.212
CONSUMER FINANCE LEASE RECEIVABLES
Corporations 71.321 92.487 228.196 392.004
Total Assets 781.417 382.909 390.890 1.555.216
Earning Assets
The Company’s productive assets consist of Managed Consumer Financing Receivables, Non-Performing Loan
Receivables, Liquidity and Solvency, and other financial information. In detail, the acquisition of earning assets is
as follows:
Description Growth (Decrease)
(MIllions Rupiah)
2024 2023
Rp %
Net Financing Receivables Under Management 60.642.783 53.061.308 7.581.475 14,29%
Joint Financing Receivables 27.916.505 24.898.967 3.017.538 12,12%
Outstanding Receivables (%) 1,05% 0,70% 0,35% 50,00%
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CAPITAL STRUCTURE AND MANAGEMENT
POLICY ON CAPITAL STRUCTURE
Capital Structure Policy
The Company’s objectives in managing its capital are to maintain the continuity of the Company’s business to
provide returns to the shareholders and benefits for other stakeholders, and to maintain an optimized capital
structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust
the amount of dividends paid to shareholders, return of capital to shareholders or issue new shares to reduce
borrowings. Consistent with other industry players, the Company monitors capital based on gearing ratio. This ratio
is calculated as the net value of borrowings (including Bonds and Medium-Term Notes) divided by total capital. Total
capital is taken from the equity listed in the statement of financial position.
In managing capital, the Company conducts monthly analysis to ensure that the Company continues to follow
POJK No. 35/POJK.05/2018 dated 27 December 2018 concerning the Implementation of the Financing Company
Business which, among others, regulates the following provisions:
1. The minimum paid-up capital of the Company is Rp100,000,000,000;
2. The company’s equity is at least 50.00% of the paid-up capital; and
3. The amount of loans owned by the company compared to equity capital and subordinated debt minus equity
participation (gearing ratio) is set at a maximum of 10 times, both for foreign and domestic loans.
Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Loans 21.476.196 18.096.715 3.379.481 18,67
Securities Issued 6.681.925 5.687.515 994.410 17,48
Loan Amount 28.158.121 23.784.230 4.373.891 18,39
Equity 4.864.422 4.029.660 834.762 20,72
Gearing ratio (times) 5,79 5,90 0 (1,86)
The Company always maintains the maximum gearing ratio smaller than the stipulated provisions through analysis
of financing alternatives either through bank loans, bond issuance or optimization of joint financing funds. The
Company also calculates the cost of funds from the selected financing alternatives to ensure that the cost of funds
can generate maximum income for the Company.
Based on the Financial Services Authority Regulation No. 35/POJK. 05/2018 dated 27 December 2018 concerning
“Business Implementation of Financing Companies”. The Company has met the minimum amount of equity and the
Maximum Lending Limit. The Company has calculated several ratios, among others:
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Description Growth (Decrease)
(MIllion Rupiah)
2024 2023
Rp %
Capital Ratio (%) 20,21 16,21 4,00 24,68
Equity to Paid-up Capital Ratio (%) 1945,77 1.611,86 333,91 20,72
Non-Performing Finance Ratio - Net (%) 0,59 0,48 0,11 22,92
Non-Performing Finance Ratio - Gross (%) 1,05 0,70 0,35 50,00
Ratio of Net Financing Receivables to Total
93,34 93,33 0,01 0,01
Assets (%)
Ratio of Net Financing Receivables to Total
114,12 116,65 (2,53) (2,17)
Funding (%)
Ratio of Investment Financing and Working Capital
Financing Receivables Balance to Total Financing 56,12 56,72 (0,60) (1,06)
Receivables Balance (%)
Gearing ratio (times) 5.79 5.9 (0,11) (1,86)
Total Equity (Rp -million) 4.864.579 4.029.590 834.762,00 20,72
Total Liabilities and Equity (Rp -million) 34.425.455 29.727.392 4.698.063,00 15,80
Capital Structure Breakdown
The composition of funding between loans and capital of the Company can be seen in the table and graph below.
Description 2024 2023 Growth (Decrease)
(MIllion Rupiah) Rp % Rp % Rp %
Bank Loan 21.476.196 62,38 18.096.715 65,06 3.379.481 18,67
Securities Issued 6.681.925 19,41 5.687.515 20,45 994.410 17,48
Loan Amount 28.140.180 81,74 23.784.230 85,51 4.355.950 18,31
Equity 4.864.422 14,13 4.029.660 14,49 834.762 20,72
Total 34.425.455 100,00 27.813.890 100,00 6.611.565 23,77
Gearing ratio (times) 5,79 - 5,90 - (0,11) (1,86)
MATERIAL TIES FOR INVESTMENT
IN CAPITAL GOODS
The Company does not have any material commitments for investment in capital goods.
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TABLE OF CAPITAL
GOODS INVESTMENT
Types of Capital Goods Destination
2024 2023
(Rp million) (Rp million)
Building Supporting the Company’s Business Growth 682 2.460
Office Equipment Supporting the Company’s Business Growth 46.295 70.147
Rental Building Renovation Supporting the Company’s Business Growth 7.051 14.285
Right- of- Use Assets Supporting the Company’s Business Growth 71.730 45.080
Total 125.758 131.972
Investment in capital goods in 2024 amounted to Rp125.76 billion, lower than in 2023 of Rp131.97 billion, which was
dominated by right-of-use assets during 2024.
IMPACT OF FOREIGN
EXCHANGE RATES
Transactions denominated in foreign currencies are translated into rupiah using the exchange rate prevailing at
the date of the transaction. At the statement of financial position date, monetary assets and liabilities denominated
in foreign currencies are translated at the exchange rates prevailing at the statement of financial position date.
Foreign exchange gains and losses arising from foreign currency transactions and from the translation of foreign
currency monetary assets and liabilities are recognized in the statement of profit or loss and other comprehensive
income. As of 31 December 2024, the exchange rate used is Bank Indonesia’s middle rate of Rp16,162 (full amount)
to 1 United States Dollar (US Dollar), 31 December 2023 is Rp15,416 (full amount).
MATERIAL INFORMATION AND FACTS THAT OCCURED
AFTER THE DATE OF THE ACCOUNTANT’S REPORT
From 1 January 2024 until the issuance of this annual report, there are material information and facts that occurred.
The information and material facts are as follows:
1. Signing of Credit Agreement of PT Bank China Construction Bank Indonesia Tbk (CCBI) amounting to Rp
300,000,000,000 on 20 January 2025.
2. The signing of the Extension of the Joint Financing Cooperation Agreement in the form of financing Passenger
Vehicle, Commercial Vehicle, and Heavy Equipment to Bank Mandiri’s commercial debtors and is valid until 20
February 2026.
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COMPARISON BETWEEN TARGET AND REALIZATION,
AND ONE-YEAR FORWARD PROJECTION TARGET
AND REALIZATION COMPARISON
At the beginning of the 2024 financial year, the Company set a number of targets to be achieved as outlined in the
2024 RKAP. A comparison of the achievement of several targets set with the realization of the 2024 financial year
is as follows:
Achievement of Operational and Marketing Targets
Description 2024 Target 2024 Realization Achievement (%)
New Financing Disbursement (Rp-million) 36.000.000 35.089.629 97,47
Balance of Financing Receivables (Rp-million) 31.909.214 27.195.942 85,23
Revenue (Rp-million) 5.538.057 5.579.315 100,74
Profit for the Year (Rp-million) 1.332.516 1.172.082 87,96
Gearing Ratio (times) 5,02 5,79 115,34
Gross NPF (%) 0,8 1,05 131,25
Net NPF (%) 0,58 0,59 101,72
Net Interest Margin (times) 4,48 3,87 86,38
Education and Training Costs (Rp-million) 21.333 xx xx
The performance targets for 2024 have been well exceeded, as can be seen from the targets and results achieved.
Revenue in 2024 reached IDR 5.57 trillion, or 100.74% of the target of IDR 5.53 trillion. This achievement was
supported, among other things, by increased consumer financing and finance lease income in 2024.
ONE-YEAR
FORWARD PROJECTION
Entering 2025, the Company has set a number of targets as outlined in the 2025 RKAP, including:
Description 2024 Realization 2025 Projection
New Financing Disbursement (Rp-million) 35,089,629 40,000,000
Balance of Financing Receivables (Rp-million) 27,195,942 40,536,195
Revenue (Rp-million) 5,579,315 6,992,529
Profit for the Year (Rp-million) 1,172,082 1,304,282
Gearing Ratio (times) 5.79 5.84
Gross NPF (%) 1.05 1.41
Net NPF (%) 0.59 1.12
Net Interest Margin (times) 3.87 3.60
Education and Training Costs (Rp-million) 21,128 22,963
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AWAKENING A NEW SPIRIT LEADING THE MARKET
BUSINESS OUTLOOK AND
PROJECTED PERFORMANCE IN 2025
The International Monetary Fund (IMF) projects that for Economic Cooperation and Development (OECD)
global economic growth in 2025 will stabilize at 3 estimates Indonesia’s 2025 economic growth at
,3%, a slight increase from its previous projection 5.2%, while the Asian Development Bank (ADB)
of 3.2% growth for 2024. Despite the optimism predicts Indonesia’s 2025 economy to grow by 5%.
regarding economic growth in 2025, the IMF warns Meanwhile, Bank Indonesia predicts that economic
that policy uncertainty and growth differentials growth in 2025 will grow in the range of 4.7%-
among countries are widening. Developed countries 5.5 %. Specifically, in accordance with the basic
are expected to experience better growth, while macroeconomic assumptions for 2025 in the 2025
developing countries are likely to stagnate, creating State Budget, the government projects economic
challenges for more inclusive global economic growth in 2025 of 5.2%.
policies.
Especially for the performance of the financial
In line with this, global inflation is expected to services sector in 2025, OJK is optimistic that the
continue to decline. The IMF projects the inflation performance of this sector will continue to grow
rate in 2025 to reach 4.2%. This decline in inflation positively. Financing receivables from finance
is the result of global efforts to address price spikes companies are projected to grow 8-10% by looking
caused by the pandemic and geopolitical conflicts. at the declining motor vehicle sales. A slightly lower
Nonetheless, price pressures persist in some projection is submitted by the Indonesian Finance
countries, and challenges such as trade tensions Company Association (APPI), namely that the
and policy changes of new governments could affect financing receivables of the multifinance industry
growth prospects. Therefore, despite progress in will only grow 7%-8% in 2025. In the midst of this
controlling inflation, short-term risks remain and may optimism, the Indonesian Automotive Industry
impact demand and investment in many countries. Association (GAIKINDO) estimates that car sales in
Indonesia in 2025 will rise and again reach the one
Overall, the IMF’s 2025 projections show promise million unit mark. This optimism is based on several
for global economic stability, albeit with significant factors, from the increasing trend of car sales
challenges. With growth still below pre-pandemic outside Java-Bali, to the stability of national politics.
averages and continued uncertainty, countries
around the world will need to adopt adaptive and In line with the above projections, the Company
collaborative strategies to promote sustainable has set a number of targets for 2025. These targets
growth. The economic performance of the US, which include growth in new financing disbursements and
is expected to grow by 2.7% and China with 4.6%, profits above industry growth or more than 10%
shows the differences in growth dynamics between compared to the achievement in 2024. To achieve
countries that must be considered in formulating these targets, in 2025 the Company has set a
global economic policies. strategy with the theme “Strengthening the CORE,
Championing in Captive Ecosystem” which means
Meanwhile, for Indonesia’s economic growth in 2025, that the Company will focus on developing the captive
a number of international institutions predict that ecosystem and strengthening core competencies by
Indonesia’s economic growth is likely to stabilize at engaging the foundations that have been built so
around 5%. The IMF estimates Indonesia’s economy that the Company can channel new financing that
to grow by 5.1% in 2025, the same as the World focuses on the right target segments to generate
Bank’s projection. Furthermore, The Organization quality new financing.
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Dividend Policy GMS and is a positive balance of profit, divided
Prior to the end of the financial year, the Company is according to the method of use determined by
required to set aside a certain amount of net profit the GMS.
for reserves and such set aside shall be carried out 2. Deed of Shareholders Agreement No. 5 Dated
until the reserves reach at least 20% of the total 6 February 2009 Article 14 paragraph 1 :
issued and paid-up capital. Dividend distribution can be made if there is a
positive profit balance and as long as the financial
Based on Law No. 40 of 2007 concerning Limited condition of TFS has taken into account the value
Liability Companies, dividend distribution is based on of reserves in accordance with shareholder policy
the decision of the General Meeting of Shareholders. and has achieved the annual profit target, with
The use of net income including the determination the amount of dividends ranging from 35%-40%
of the amount of allowance for reserves is decided of the total net profit of TFS unless otherwise
by the GMS and in the event that the GMS does not determined in the GMS.
determine otherwise, the entire net income after
deducting the allowance for reserves is distributed Chronology of Dividend Distribution
to shareholders as dividends. The Company’s dividend distribution chronology for
the last 2 financial years is as follows:
Basis of Dividend Distribution Policy
1. Article 18 paragraph 1 of the Company’s
Articles of Association:
Net Income of the Company in a financial year as
stated in the balance sheet and profit and loss
account that has been ratified by the Annual
Dividend Payment in 2024 Dividend Payment in 2023
Description
(Share Dividend for Financial Year 2023) (Share Dividend for Financial Year 2022)
Net Profit (Rp-million) 1.161.101 750.213
Dividend Amount (Rp-million) 348.330 225.064
Dividend per Share (Rp) 139,33 90,03
Payout Ratio (%) 30 30
Announcement Date 28 June 2024 28 June 2023
Payment Date 10 July 2024 6 July 2023
TAX PAYMENT
COMPLIANCE
The Company has a contribution to the state which obligation. The Corporate Income Tax deposited for
is realized through the fulfillment of the company’s 2024 amounted to Rp291.73 billion, or a decrease
obligations as a taxpayer and as a tax withholder/ of Rp27.38 billion compared to the amount of
collector. As a taxpayer, the Company’s biggest Rp319.11 billion in 2023.
contribution is to fulfill its Corporate Income Tax
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Fulfillment of Tax Obligations
Growth (Decrease)
Office Tax Regulations 2024 2023
Rp Million %
Center Corporate Income Tax 291,732 319,107 (27,375) (8.58)
VAT 139,364 109,628 29,736 27.12
Regional Income Tax with Parent Entity 130,919 131,021 (102) (0.08)
UN 339 127 212 166.93
Total 562,354 559,883 2,471 0.44
EMPLOYEE AND/OR MANAGEMENT
SHARE OWNERSHIP PROGRAM
Until the end of 2024, the Company does not have an Employee Share Ownership Program (ESOP) and/or
Management (MSOP). The Company has also never conducted an Initial Public Offering as a corporate action that
allows share ownership by the public or management and/or employees. Thus, there is no information related to
ESOP/MSOP conducted by the Company.
MATERIAL INFORMATION REGARDING INVESTMENT,
EXPANSION, DIVESTMENT, MERGER/CONSOLIDATION,
ACQUISITION, AND DEBT/CAPITAL RESTRUCTURING
There is no material information regarding investment, expansion, divestment, business combination, acquisition,
and/or debt/capital restructuring in 2024.
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REALIZATION OF USE OF
PROCEEDS FROM PUBLIC OFFERING
The following is a report on the realization of the use of proceeds from the bond public offering conducted by the
Company in 2024.
Report on the Realization of the Use of Proceeds from the Sustainable
Public Offering of Continuous Bonds Year 2024
Description 2024 Realization
Sustainable Public Offering of Continuous Bond VI Mandiri Tunas Finance
Types of Public Offerings
Phase III Year 2024
Effective Date 27 June 2023
Realized Value of Public Offering Proceeds
Total proceeds from public offering 1.163.085.000.000
Public Offering Costs 2.925.687.043
Net Result 1.160.159.312.957
Fund Usage Plan
Working Capital 1.160.159.312.957
Total 1.160.159.312.957
Realization of Fund Usage
Working Capital 1.160.159.312.957
Total 1.160.159.312.957
Remaining proceeds from public offering -
Description 2024 Realization
Sustainable Public Offering of Continuous Bond VI Mandiri Tunas Finance
Type of Public Offering
Phase IV Year 2024
Effective Date 27 June 2023
Realized Value of Public Offering Proceeds
Total proceeds from public offering 1.609.110.000.000
Public Offering Costs 4.049.946.998
Net Result 1.605.060.053.002
Fund Usage Plan
Working Capital 1.605.060.053.002
Total 1.605.060.053.002
Realization of Fund Usage
Working Capital 1.605.060.053.002
Total 1.605.060.053.002
Remaining proceeds from public offering -
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AWAKENING A NEW SPIRIT LEADING THE MARKET
INFORMATION ON MATERIAL TRANSACTIONS
CONTAINING CONFLICT OF INTEREST AND/OR
TRANSACTIONS WITH AFFILIATED PARTIES
Conflict of Interest Transactions d. One entity is a joint venture of a third entity and
and/or Transactions with Affiliated the other entity is an associate of a third entity.
Parties e. The entity is a post-employment benefit
Conflict of Interest is the difference between the plan for employee benefits of the Company
economic interests of the company and the personal or an entity related to the Company. If the
economic interests of members of the Board of Company is the entity that administers the
Directors, members of the Board of Commissioners, plan, the sponsoring entity is also related to the
or major shareholders that may harm the company. Company.
f. An entity controlled or jointly controlled by a
Affiliated Transaction is a Transaction conducted by person identified in (a).
the Company or a Controlled Company with Affiliates g. The person identified in (a)(i) has significant
of the Company or Affiliates of members of the Board influence over the entity or is a key management
of Directors, members of the Board of Commissioners, personnel of the entity (or a parent of the
or major shareholders of the Company. entity).
In 2024 the Company had no conflict of interest
transactions. All transactions with related parties have been
disclosed in the notes to the financial statements.
Related Party Policy
The Company has transactions with related parties. Reasonableness and Reasons
The definition of a party considered related to the for the Transaction
Company is when: In the normal course of business, the Company
1. A person or his/her immediate family member is conducts transactions with related parties due
related to the Company if such person: to ownership and/or management relationships.
a. has control or joint control over the Company; Transactions with related parties are carried out on the
b. has significant influence over the Company; or same terms and conditions as those with unrelated
c. is key management personnel of the Company parties. The Company obtains similar interest rates
or a parent of the Company. for bank loan facilities with related parties and third
parties. The Company also uses similar interest
2. An entity is related to the Company if it meets one rates between related parties and third parties for
of the following conditionst: consumer financing receivables.
a. The Entity and the Company are members of the • ●Reason for Transaction
same group (meaning that the parent entity, All transactions carried out by the Company,
subsidiaries, and subsequent subsidiaries are including transactions with related parties, are
related to each other). carried out with the aim of business development.
b. One entity is an associate or joint venture of • Name and Nature of the Relationship
another entity (or an associate or joint venture Related parties are companies and individuals that
that is a member of a group of which the other have direct or indirect ownership or management
entity is a member). relationship with the Company. The table below
c. Both entities are joint ventures of the same shows the details of related parties with the
third party. Company and the nature of the transactions
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Name of Related Party Nature of Related Party Relationship Type/nature of Transaction
Placement of funds, joint financing
(disbursement of joint financing),
joint financing (installment of joint
PT Bank Mandiri (Persero) Tbk Majority shareholder financing), bank loans, accrued
interest, current account services,
other receivables, other payables,
finance charges.
PT Tunas Ridean Minority shareholder Other receivables.
Other assets, other payables,
PT Bumi Daya Plaza Controlled by Bank Mandiri Pension Fund finance costs, general and
administrative expenses.
Placement of current account
PT Bank Mandiri Taspen Controlled by PT Bank Mandiri (Persero) Tbk deposits, current account fees and
interest on deposits, other assets.
PT AXA Insurance Indonesia
(formerly PT Mandiri AXA General Associated entity PT Bank Mandiri (Persero) Tbk Acceptance of claims.
Insurance)
Dana Pensiun Bank Mandiri Bank Mandiri as founder Bondholders.
PT Surya Sudeco Controlled by PT Tunas Ridean Other payables, finance charges.
Bondholders, current account
PT Bank Rakyat Indonesia (Persero) Tbk State-owned enterprise placements, current account
services.
Claims acceptance receivable,
PT Asuransi Jasa Indonesia (Persero) State-owned enterprise
acceptance income claims.
Accrued expenses, loans, financial
PT Sarana Multigriya Finansial (Persero) State-owned enterprise
expenses.
Perum Jaminan Kredit Indonesia State-owned enterprise Insurance claims receivable, bonds.
Placement of funds, accrued
expenses
PT Bank Tabungan Negara (Persero) Tbk State-owned enterprise
accrued expenses, bank loans,
finance charges.
Financing receivables, financing
PT Kimia Farma Apotek Subsidiary of a state-owned enterprise
income.
Financing receivables, financing
PT Kimia Farma Diagnostika Subsidiary of a state-owned enterprise
income.
Financing receivables, financing
PT Kimia Farma Trading & Distribution Subsidiary of a state-owned enterprise
income.
PT Asuransi Jiwa Taspen Subsidiary of a state-owned enterprise Bondholders.
Group key management personnel Bank Financing receivables, financing
Group key management personnel
Mandiri income.
Member of the Board of Commissioners and
Key employees Employee benefits.
Board of Directors
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Realization of Related Party Transactions
Description 2024 2023 Growth (Decrease)
(MIllions Rupiah) Rp % Rp % Rp %
ASSETS
Cash and Cash Equivalents with Banks 1.232.952 3,58 782.451 2,63 450.501 57,58
Time Deposit 50.000 0,15 50.000 0,17 0 0,00
Consumer Financing Receivables 41.346 0,12 11.542 0,04 29.804 258,22
Other Receivables 369.541 1,07 547.483 1,84 (177.942) (32,50)
Prepaid Rent 826 0,00 902 0,00 (76) (8,43)
Total Assets from Related Parties 1.694.665 4,92 1.392.378 4,68 302.287 21,71
Total Assets 34.425.455 29.727.392 4.698.063 15,80
LIABILITIES
Other Payables 51.626 0,17 56.805 0,22 (5.179) (9,12)
Accrued Expenses 9.543 0,03 4.472 0,02 5.071 113,39
Loans 5.835.461 19,74 2.891.252 11,25 2.944.209 101,83
Securities Issued 644.000 2,18 443.000* 1,72* 201.000 45,37
Total Liabilities from Related Parties 6.540.630 22,13 3.395.529* 13,21* 3.145.101 92,62
Total Liabilities 29.561.033 25.697.732 3.863.301 15,03
REVENUE
Consumer Financing 2.174 0,04 807 0,02 1.367 169,39
Bank Deposits 16.207 0,29 16.191 0,34 16 0,10
Others 0 - 8 0,00 - -
Total Revenue from Related Parties 18.381 0,33 17.006 0,36 1.375 8,09
Total Revenue 5.579.315 4.781.968* 797.347 16,67
EXPENSES
Compensation of Board of
34.368 0,84 29.006 0,89 5.362 18,49
Commissioners and Directors
Financial Expenses 306.226 7,51 159.003 4,87 147.223 92,59
General and Administrative Expenses 8.488 0,21 7.224 0,22 1.264 17,50
Total Expenses from Related Parties 349.082 8,57 195.233 5,93* 153.849 78,80
Total EXPENSES 4.075.148 3.290.742* 784.406 23,84
Fulfillment of Related Rules and Regulations
The affiliated/related transactions above are business activities that are carried out routinely, repeatedly, and/
or continuously. Through a fair transaction review mechanism and fulfillment of applicable regulations. In 2024
there are no affiliated/related transactions and/or conflict of interest transactions that are the result of the
implementation of affiliated transactions and/or conflict of interest transactions that must be approved by
independent shareholders.
Statement of the Board of Directors that the Transaction has Fulfilled
Adequate Procedures and in accordance with Generally Accepted
Business Practices
The Board of Directors declares that all affiliated/related transactions of the Company have gone through
adequate procedures to ensure that affiliated transactions are carried out in accordance with generally accepted
business practices and are carried out in compliance with the armslength principle.
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The Role of the Board of Commissioners and the Audit Committee to Ensure
Transactions are Conducted in accordance with Generally Accepted Business
Practices, which Among Other Things is Conducted by Fulfilling the Arms-
Length Principle)
The Board of Commissioners and the Audit Committee have reviewed and approved all affiliated/related
transactions conducted by the Company, and have ensured that the above affiliated/related transactions have
gone through adequate procedures, carried out in accordance with generally accepted business practices, and
have met the armslength principle.
Balance and Realization of Related Party Transactions in 2024
Description 2024 2023 Growth (Decrease)
(MIllions Rupiah) Rp % Rp % Rp %
ASSETS
Cash and Cash Equivalents with Banks 1.232.952 3,58 782.451 2,63 450.501 57,58
Time Deposit 50.000 0,15 50.000 0,17 0 0,00
Consumer Financing Receivables 41.346 0,12 11.542 0,04 29.804 258,22
Other Receivables 369.541 1,07 547.483* 1,84* (177.942) (32,50)
Other Assets 826 0,00 902 0,00 (76) (8,43)
Total Assets from Related Parties 1.694.665 4,92 1.392.378 4,68 302.287 21,71
Total Assets 34.425.455 29.727.392 4.698.063 15,80
LIABILITIES
Other Payables 51.626 0,17 56.805 0,22 (5.179) (9,12)
Accrued Expenses 9.543 0,03 4.472 0,02 5.071 113,39
Loans 5.835.461 19,74 2.891.252 11,25 2.944.209 101,83
Securities Issued 644.000 2,18 443.000* 1,72* 201.000 45,37
Total Liabilities from Related Parties 6.540.630 22,13 3.395.529* 13,21* 3.145.101 92,62
Total Liabilities 29.561.033 25.697.732 3.863.301 15,03
REVENUE
Consumer Financing 2.174 0,04 807 0,02 1.367 169,39
Bank Deposits 16.207 0,29 16.191 0,34 16 0,10
Others 0 0,00 8 0,00 (8) (100,00)
Total Revenue from Related Parties 18.381 0,33 17.006 0,36 1.375 8,09
Total Revenue 5.579.315 4.781.968* 797.347 16,67
EXPENSES
Salaries and Benefits Expenses
- Compensation of Board of 34.368 0,84 29.006 0,89 5.362 18,49
Commissioners and Directors
Financial Expenses 306.226 7,51 159.003 4,87 147.223 92,59
General and Administrative Expenses 8.488 0,21 7.224 0,22 1.264 17,50
Total Expenses from Related Parties 349.082 8,57 195.233 5,99 153.849 78,80
Total EXPENSES 4.075.148 3.290.742* 5,93* 784.406 23,84
Restated to Information on Transactions with Related Parties
in the Financial Statements
Transactions with related parties are available in the 2024 audited financial statements included in this annual report.
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FINANCIAL INFORMATION CONTAINING EXTRAORDINARY
AND INFREQUENT EVENTSI
In 2024, there were no extraordinary and rare events or transactions.
SPOT AND DERIVATIVE
TRANSACTIONS
In 2024, there were no spot transactions and there were derivative transactions.
CHANGES IN LAWS AND REGULATIONS ON THE
COMPANY IN THE LAST FINANCIAL YEAR
No. Regulation Explanation Effect on the Company
1 POJK No. 46 of 2024 on the This OJK Regulation is established with the Can help increase the portfolio of financing distribution
Development and Strengthening of intention of encouraging the development to productive business sectors; help increase ease of
Financing Companies, Infrastructure of the industry as well as the legal needs access to literacy and expand inclusion, strengthen
Financing Companies, and Venture of Financing Companies, Sharia Financing financing risk mitigation, and help strengthen
Capital Companies. Companies, Infrastructure Financing protection of debtor or consumer personal data.
Companies, Venture Capital Companies
and Sharia Venture Capital Companies
for inclusive, sustainable and equitable
economic growth.
2 POJK No. 28 of 2024 concerning Provisions related to strengthening The Company plays a role in supporting the provision
Management of Offender Track supervision and law enforcement and of track record data and information for parties who
Record Information through the increasing the integrity of the financial commit acts of irregularities within the Company.
Offender Information System in the services sector require the provision of
Financial Services Sector (SIPELAKU) data and information on track records of
actors in the financial services sector.
3 POJK No. 42 of 2024 concerning the Regulates the obligation to implement Companies are required to implement effective risk
Implementation of Risk Management risk management effectively throughout management based on four pillars, namely:
for Financing Institutions, Venture the industry of Financing Institutions, a) active supervision of the board of directors, board
Capital Companies, Microfinance Venture Capital Companies, Microfinance of commissioners, sharia supervisory board, and
Institutions, and Other Financial Institutions, and Other Financial Services b) adequacy of risk management policies &
Services Institutions. Institutions. procedures;
c) adequacy of risk identification, measurement,
monitoring and control processes, as well as risk
management information systems; and
d) internal control system
The Company must have written policies and
procedures to manage the risk of developing or
expanding business activities that have not previously
been carried out or are currently being carried out but
have the potential to change or increase certain risk
exposures.
4 POJK No. 43 of 2024 concerning Regulates the scope of HR Development Companies are required to manage human resources
Human Resource Quality Obligations, HR Management Functions, and develop the quality of human resources on an
Development of Financing Provision of HR Development Funds, ongoing basis.
Institutions, Venture Capital Outsourcing HR Development and
Companies, Microfinance Implementation of HR Quality Development, HR
Institutions, and Other Financial Development Planning, Realization Monitoring
Services Institutions and Reporting Systems and Procedures,
Certification of Work Competencies in the
Field of Financing Institutions, Venture Capital
Companies, Microfinance Institutions, and
Other Financial Services Institutions.
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No. Regulation Explanation Effect on the Company
5 POJK No. 30 Year 2024 on Financial This regulation aims to realize justice, This regulation governs the Financial Conglomerate
Conglomerate and Financial legal certainty, and expediency in the in particular the Parent Company of the Financial
Conglomerate Holding Company implementation of regulatory and Conglomerate, in this case, Bank Mandiri.
supervisory duties to overcome various legal
problems.
6 POJK No. 48 of 2024 on Good This OJK Regulation contains improvements The Company is obliged to realize the principles of
Governance for Financing Institutions, to the implementation of good governance good governance in accordance with the provisions
Venture Capital Companies, for the Company. of the OJK Regulation in carrying out every business
Microfinance Institutions, and Other activity of the Company.
Financial Services Institutions
7 POJK No. 49 Year 2024 on This regulation regulates the scope of Increase the Company’s commitment to always carry
Supervision, Determination of supervision. frequency of inspection, out each of the Company’s business activities in
Supervision Status, and Follow-up of inspection team, PVML obligations, accordance with applicable regulations.
Supervision of Financing Institutions, inspection procedures, follow-up of
Venture Capital Companies, inspection results, inspection by foreign
Microfinance Institutions, and Other parties, follow-up of supervision,
Financial Services Institutions determination of intensive and special
supervision status, criteria for supervision
status time, period of supervision status,
and follow-up of supervision status.
8 POJK No. 31 of 2024 on Written Order The supervisor’s authority in giving Written The OJK regulation is related to supervision by the
Orders. regulator, not directly affecting the Company.
9 SEOJK No. 22/SEOJK.06/2024 PAdjustment of the scope of the fit and The process of assessing the ability and
concerning Capability and proper assessment (PKK) for Main Party appropriateness of the main party candidate that
Appropriateness Assessment for candidates as a result of the reorganization will be carried out by the Company must refer to the
Main Parties of Financing Institutions, of the Financial Services Authority as applicable provisions.
Venture Capital Companies, a follow-up to Law Number 4 of 2023
Microfinance Institutions, and Other concerning Development and Strengthening
Financial Services Institutions of the Financial Sector (P2SK Law) and
the addition of provisions regarding the
implementation of the capability and
appropriateness assessment process for
main party candidates online through video
conference media, which was previously
regulated in the Financial Services Authority
Regulation Number 14/POJK.05/2020.
CHANGES IN ACCOUNTING POLICIES APPLIED BY THE
COMPANY IN THE LAST FINANCIAL YEAR
In 2024, the Company adopted the following accounting standards as of 1 January 2024 which are considered
relevant as follows:
1. Pillars of Financial Accounting Standards
These standards provide requirements and guidelines for entities to apply the correct financial accounting
standards in preparing general purpose financial statements. There will be 4 (four) financial accounting
standards currently applied in Indonesia, namely:
• Pillar 1 of International Financial Accounting Standards,
• Pillar 2 of the Indonesian Financial Accounting Standards (PSAK)
• Pillar 3 Indonesian Financial Accounting Standards for Private Entities/Indonesian Financial Accounting
Standards for Entities without Public Accountability, and
• Pillar 4 of the Indonesian Financial Accounting Standards for Micro, Small and Medium Entities.
2. International Financial Accounting Standards
This standard is a full adoption of International Financial Reporting Standards (“IFRS”) translated verbatim and
there are no modifications from IFRS Standards, including the effective date. Qualified entities may apply this
standard, from the effective date.
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3. Nomenclature of Financial Accounting Standards
This standard regulates the new numbering for financial accounting standards applicable in Indonesia issued
by DSAK IAI.
4. Amendment to PSAK 116: Lease Liabilities in Sale and Lease-Backs
The amendments to PSAK 116 Leases specify the requirements that a seller-lessee should use measuring lease
obligations arising in sale and leaseback transactions, to ensure that the seller-lessee does not recognize the
amount of any gain or loss associated with the retained right of use. The amendments apply retrospectively to
annual reporting periods beginning on or after 1 January 2024. Early adoption is permitted.
5. Amendments to PSAK 207 and PSAK 107: Supplier Financing Arrangements
The amendments to PSAK 2 and PSAK 60 clarify the characteristics of supplier financing arrangements and
require additional disclosures of such supplier financing arrangements. The disclosure requirements in these
amendments are intended to assist users of financial statements in understanding the impact of supplier
financing arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk.
The amendment will be effective for annual reporting periods beginning on or after 1 January 2024. Early
adoption is permitted, but disclosure is required.
The Company has analyzed the application of the above accounting standards and it has no significant effect on
the financial statements.
BUSINESS
CONTINUITY INFORMATION
Throughout 2024, there are several things that have the potential to be significant to the sustainability of the
multifinance industry in Indonesia, including the BI rate cut and the decline in national new car sales. In September
2024, Bank Indonesia through the Board of Governors Meeting lowered the BI rate by 25 bps from 6.25% to 6.00%
as an effort to maintain stability and strengthen economic growth.
Amidst the decline in the automotive industry which reached 10.86%, the Company was still able to increase market
share of new car financing by 1.05% compared to the previous year. This strengthened the Company’s position as
the 3rd largest car financing company in Indonesia.
Business Outlook
Entering 2025, the World Bank and International Monetary Fund (IMF) project Indonesia’s economic growth to
reach 5.1%. This projection is in line with Bank Indonesia, which predicts that economic growth in 2025 will grow
in the range of 4.7%-5.5% and inflation will be maintained at around 2.5±1%. Specifically, in accordance with the
basic macroeconomic assumptions for 2025 in the 2025 State Budget, the government projects economic growth
in 2025 to be 5.2%.
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On the other hand, the government also issued several policies that can provide a multiplier effect for the growth
of the financing industry, including the policy of lowering bank interest rates, extending VAT DTP incentives on
the sale of electric motor vehicles (KBL) and hybrid vehicles. In addition, the entry of various new car brands also
enlivened the country’s automotive market, and is expected to encourage public interest and purchasing power
towards vehicle purchases.
In utilizing the opportunities and long-term business prospects, the Company has implemented a long-term
strategy for the period 2023-2027 with the theme “Strengthening Leading Position through Synergy & Sustainable
Business Growth”. Through this theme, the Company consistently improves the competence of its human resources,
conducts Business Process Re-engineering (BPR) for each business segment, builds IT capabilities and systems,
especially in improving IT security and developing digital ecosystems, builds data management and data analytics
capabilities to support business, and develops network development strategies so that the products offered are
right on target. In running its business, the Company also applies sustainable business principles through the
implementation of Environmental, Social & Governance (ESG), one of which is by channeling new financing for
electric cars, MSMEs, and other financing based on Green Financing.
COMPANY
HEALTH LEVEL
The results of MTF’s Health Level assessment in 2024 can be seen in the table below.
No. Assessment Factors Rating
1. Good Corporate Governance 1
2. Risk Profile 1
3. Rentability 2
4. Capital 1
Company Health Level Rating PK - 1
Company Health Level Very Healthy
Health Level Criteria (TKS) for Financing Companies Based on OJK Circular Letter No. 11/SEOJK.05/2020.
Composite Rating Explanation
PK-1 “Very Healthy”
PK-2 “Healthy”
PK-3 “Moderately Healthy”
PK-4 “Less Healthy”
PK-5 “Unhealthy”
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CORPORATE
GOVERNANCE
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COMMITMENT TO GOOD CORPORATE
GOVERNANCE
The implementation of Good Corporate Governance assists the Company in achieving its business targets,
(GCG) principles plays an important role for PT but also provides protection against potential risks
Mandiri Tunas Finance to ensure that the Company’s that could harm the Company and its stakeholders.
operations are transparent, accountable, and
sustainable. The implementation of these principles Furthermore, consistent GCG implementation can
is the realization of the Company’s commitment and support Mandiri Tunas Finance’s long-term growth
responsibility to maintain the trust of stakeholders, by building a corporate culture of integrity. The
such as customers, business partners, regulators, Company believes that the investors’ and the public’s
and others. By implementing GCG principles, such as trust will grow when the Company demonstrates its
information disclosure, accountability, responsibility, commitment to conducting business responsibly. In
independence, and fairness, the Company can improve addition, companies that implement good governance
its credibility and prevent unethical or unlawful are also better prepared to face challenges in the
business practices. financing industry, including regulatory changes
and market dynamics. Thus, GCG implementation is
The implementation of Good Corporate Governance also one of the major keys for Mandiri Tunas Finance in
plays a role in improving the efficiency and effectiveness maintaining stability and competitiveness in the midst
of Mandiri Tunas Finance’s operational performance. of increasingly fierce industry competition.
With a strong supervisory system and transparent
policies, the Company can mitigate financial risks and To realize the optimum implementation of GCG, Mandiri
ensure that all business processes run in accordance Tunas Finance has mapped the stakeholders relevant
with applicable compliance standards. This not only to the Company as shown in the following scheme:
Mandiri Tunas Finance’s Relationship with Shareholders and Stakeholders
Shareholders
MANDIRI TUNAS GROUP
Mandiri Tunas Finance
Shareholders Regulators
Directors & Board of Commissioners Creditors Debtors
Employees Associations Insurance
External Auditors Public/Community
Suppliers/Work Partners/Vendor
Associates/
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BASIS AND COMMITMENT OF CORPORATE
GOVERNANCE IMPLEMENTATION
Mandiri Tunas Finance implements Good Corporate Financial Services Institutions, and OJK Regulation
Governance by complying with a number of regulations No. 24 of 2019 concerning Business Plans of Non-Bank
applicable in the financing industry, as well as constantly Financial Services Institutions.
adopting the latest developments, which currently In addition, in terms of commitment to governance, the
refer to OJK Regulation No. 48 of 2024 concerning Company has also adopted several other guidelines,
Good Governance for Financing Institutions, Venture namely the 2006 Indonesian Good Corporate
Capital Companies, Microfinance Institutions, and Governance General Guidelines issued by the National
Other Financial Services Institutions, the Company Committee on Governance Policy on 17 October 2006
is also implementing Good Corporate Governance (“KNKG Indonesian GCG General Guidelines”), ISO
based on OJK Regulation No. 8 of 2023 concerning the 26000 on Social Responsibility Guidelines, and ISO
Implementation of Anti-Money Laundering Programs, 37001 on Anti-Bribery Management Systems.
Prevention of Terrorism Funding, and Prevention of
Weapons of Mass Destruction Proliferation Funding One of Mandiri Tunas Finance’s commitments in the
in the Financial Services Sector, OJK Regulation No. implementation of GCG principles is to continuously
42 of 2024 concerning the Implementation of Risk refresh the employees’ understanding of the
Management for Financing Institutions, Venture Capital implementation of GCG principles in daily business
Companies, Microfinance Institutions, and Other activities by conducting periodic socialization.
Objectives of GCG Implementation
The objectives of implementing GCG principles within the Company refer to POJK Governance, namely:
To optimize the Company’s value for Stakeholders, especially Debtors, fund recipients, consumers, business
partners, depositors, creditors, fund providers, venture fund investors, and/or other Stakeholders so that the
Company has strong competitiveness, both nationally and internationally;
1. To improve the management of the Company in a professional, effective, and efficient manner;
2. To improve the compliance of the Company’s organs and its subordinates so that in making decisions and
carrying out actions based on high ethics and moral values, compliance with the provisions of laws and
regulations, and awareness of the Company’s social responsibility towards Stakeholders and environmental
sustainability;
3. To improve the climate conducive to the development of national investment;
4.To realize a Company that is healthier, reliable, trustworthy, competitive, and meets the principles of consumer
protection;
5. To increase the Company’s contribution to the national economy.
GCG Principles
In realizing the vision and carrying out the mission, the Company is strongly determined to implement the five
basic principles of GCG stipulated in the Governance POJK, namely:
1. Transparency
2. Accountability
3. Responsibility
4. Independence
5. Fairness
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The explanation of the above basic principles and their general implementation
within the Company is as follows:
Explanation in accordance with POJK
Basic Principles Implementation within the Company
No. 29/POJK.05/2020
Transparency Openness in the decision-making process The Company considers the principle of transparency as openness in
and openness in the disclosure and disclosing relevant material information accurately and in a timely manner.
provision of relevant information about The Company discloses such material information not only to shareholders
the Company, which is easily accessible but also to all stakeholders. Thus, it is expected that shareholders and
to Stakeholders in accordance with laws stakeholders can learn early about the Company’s business development. The
and regulations in the field of financing implementation of this principle is realized by the Company by:
as well as standards, principles, and • Preparing and publishing the Annual Report, which is available on the
practices of healthy financing business Company’s web page.
implementation. • Preparing and explaining the Company’s business plan
• Conducting periodic financial reports, which include quarterly and annual
financial reports.
• Making the information disclosure reports related to the Company’s business
activities available.
• Providing all information and data related to the Company on the Company’s
website for shareholders and all stakeholders.
Accountability Clarity of functions and implementation The Company implements the principle of accountability by establishing
of corporate organ accountability so clarity of functions, structures, systems, and accountability of each
that the Company can perform in a organ in the Company so that there is clarity of functions, rights, duties,
transparent, fair, effective, and efficient authority, and responsibilities between Employees, Board of Directors,
manner. Board of Commissioners, and Shareholders as well as in every part of the
Company.
Responsibility Compliance of company management The Company defines the principle of accountability as compliance with
with laws and regulations in the field both operational procedures and applicable laws and regulations in every
of financing and ethical values as business activity carried out. Accountability is also followed by a commitment
well as standards, principles, and to conduct business activities in accordance with good ethical standards.
practices of healthy financing business In addition, the supervision conducted by the Board of Commissioners is
implementation. further enhanced towards the management of the Company by the Board
of Directors so that it can run effectively, accompanied by demands for
the achievement of targets to the Board of Directors. This principle is
implemented by the Company through:
• Compliance with the provisions of the Company’s articles of association
and prevailing laws and regulations.
• Implementation of tax obligations properly and on time.
• Implementation of CSR programs and activities.
• Implementation of information disclosure obligations in accordance with
regulations.
Independence The state of a company that is managed The Company defines independence as the execution of duties, obligations and
independently and professionally and free authority of each organ of the Company without interference from other organs
from conflicts of interest and influence of the Company or other parties that are not in accordance with applicable laws
or pressure from any party that is not in and regulations. Independence is realized, among others, by respecting the
accordance with the laws and regulations roles and functions of each organ of the Company as well as the Company’s
in the field of financing and ethical values management decisions through the decision of the Company’s Board of
as well as standards, principles, and Directors. The principle of independence is needed especially in the process of
practices of healthy financing business making decisions or management policies that must be carried out objectively
implementation. and place the Company’s interests as the top priority. The implementation of
this principle is applied by the Company, among others:
• Mutual respect for rights, obligations, duties, authority, and responsibilities
among the organs of the Company.
• Shareholders and the Board of Commissioners do not intervene in the
management of the Company.
• The Board of Commissioners, Board of Directors, and all employees always
avoid conflicts of interest in decision-making.
• The Company’s activities that have conflicts of interest must obtain prior
approval from independent shareholders or their authorized representatives
in the GMS as stipulated, and comply with regulations on conflicts of interest.
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Explanation in accordance with POJK
Basic Principles Implementation within the Company
No. 29/POJK.05/2020
Fairness Equality, balance, and fairness in fulfilling The Company defines fairness or justice as equal treatment of every interested
the rights of stakeholders arising from party in accordance with applicable laws and regulations. In its application,
agreements, laws and regulations, and among others, the Company always maintains good relations with employees
ethical values as well as standards, and avoids discriminatory practices and respects employee rights, including
principles, and practices of healthy avoiding employee discrimination related to ethnic background, religion, race,
financing business operations. and gender. This principle is implemented by the Company, among others, with
the following policies:
• Shareholders are entitled to attend and vote in the GMS in accordance with
applicable regulations.
• The company reports counterparty-related information to stakeholders in a
fair and transparent manner.
• The Company provides good and safe working conditions for all employees
in accordance with the Company’s capabilities and applicable laws and
regulations, as well as periodic performance appraisals and equal promotion
opportunities for all employees.
Furthermore, Mandiri Tunas Finance also refers to updates made by the National Committee on Governance
Policy (KNKG) through the issuance of the General Guidelines for Indonesian Corporate Governance (PUG-KI)
2021. The Indonesian Corporate Governance Principles contain the rights of shareholders and stakeholders and
their fulfillment, basic rules on management, and supervision of corporate management in Indonesia, including
aspects of ethics, risk management, and disclosure.
The Indonesian Corporate Governance Principles consist of eight principles divided into three groups
of principles: (1) the first three principles are the group of principles that regulate the management and
supervisory functions of the corporation, namely the Board of Directors and the Board of Commissioners, (2)
the group of principles that regulate the processes and outputs produced by the Board of Directors and the
Board of Commissioners, (3) the group of principles governing resource owners, who will primarily benefit from
the implementation of corporate governance. These principles and their derivatives are imbued with the four
pillars of corporate governance, namely: ethical behavior, accountability, transparency, and sustainability.The
reflection of the four pillars in Indonesia’s corporate governance principles will encourage the creation of long-
term corporate value. Here are the four pillars of corporate governance:
Ethical Behavior
In carrying out its activities, the Corporation always prioritizes honesty, treats all parties with respect,
fulfill commitments, as well as build and maintain moral values and trust consistently. The Corporation
pays attention to the interests of shareholders and other stakeholders based on the principles of fairness
and equality and is managed independently so that each organ of the Corporation does not dominate each
other and cannot be intervened by other parties.
Accountability
The Corporation can be accountable for its performance in a transparent and fair manner. For this reason,
the Corporation must be managed properly, measurably, and in accordance with corporate interests
while taking into account the interests of shareholders and stakeholders. Accountability is a necessary
prerequisite for achieving sustainable performance.
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Transparency
To maintain objectivity in conducting business, the Corporation provides material and relevant information
in a manner that is easily accessible and understood by stakeholders. The Corporation takes the initiative
to disclose not only matters required by laws and regulations, but also matters that are important for
decision-making by shareholders, creditors, and other stakeholders.
Sustainability
The Corporation complies with laws and regulations and is committed to carrying out its responsibilities
towards society and the environment in order to contribute to sustainable development by working with
all relevant stakeholders to improve their lives in a way that is aligned with business interests and the
sustainable development agenda.
In line with the implementation of the four pillars above, the Company also implements 8 (eight) Principles of
Indonesian Corporate Governance consisting of eight principles divided into three groups: (1) principles governing
the organs conducting corporate governance, (2) principles governing the processes and outputs produced by
the above organs, and (3) a group of principles governing the beneficiaries of the implementation of corporate
governance. The first group of principles is presented in principles 1 to 3. The second group of principles is presented
in principles 4 to 6. The third group of principles is presented in principles 7 and 8.
Principles of
Corporate Definition Explanation
Governance
Principle 1: The Board of Directors and the Board of Principle 1 relates to the roles and responsibilities of the Board of
Roles and Commissioners carry out their roles and Directors in conducting corporate governance and the roles and
Responsibilities responsibilities independently to create responsibilities of the Board of Commissioners in supervising the
of the Board of sustainable value for the long-term best interests corporate governance carried out by the Board of Directors.
Directors and Board of of the corporation and shareholders, taking into In addition, this Principle regulates the assessment of the
Commissioners account the interests of stakeholders. performance of the Board of Directors and the Board of
Commissioners and their respective members, the handling of
conflicts of interest that occur among members of the Board of
Directors and the Board of Commissioners,
as well as increasing the competence of members of the Board of
Directors and the Board of Commissioners.
Principle 2: Board of Commissioners are elected and Principle 2 requires the selection and appointment of members of
Composition and determined in such a way that the composition the Board of Directors and members of the Board of Directors.
Remuneration of Board of the Board of Directors as the management The Board of Commissioners is carried out in such a way that the
of Directors and Board organ and the composition of the Board of Board of Directors and the Board of Commissioners as respective
of Commissioners Commissioners as the supervisory organ are management and supervisory organs have a composition of
diverse and each comprises Directors and members with the required knowledge, abilities, and expertise in
Commissioners who have the commitment, accordance with their respective roles. In addition, this Principle
knowledge, ability, experience, and expertise emphasizes the importance of remuneration policies to encourage
required to appropriately fulfill the management members of the Board of Directors and members of the Board
role of the Board of Directors and the of Commissioners to prioritize the long-term interests of the
supervisory role of the Board of Commissioners. corporation based on the principle of sustainability, and requires
Remuneration is designed to effectively align the the disclosure of remuneration policies and information received
interests of Directors and Commissioners with by the Board of Directors and Board of Commissioners in a
the long-term interests of the corporation and transparent and accountable manner.
sustainable value creation.
Principle 3: The Board of Directors and Board of Principle 3 emphasizes the importance of close, open, constructive,
Working Relationship Commissioners have a close, open, constructive, professional, and mutually trusting working relationshipsbetween
between Directors and professional, and trusting working relationship the Board of Directors and the Board of Commissioners in
Board of for the best interest of the corporation. achieving the best interests of the corporation. Principle 3 also
Commissioners regulates the need for the Board of Commissioners to access
complete information and the importance of members of the
Board of Directors and the Board of Commissioners understanding
the implications of the ownership structure of the corporation on
the implementation of their roles.
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Principle 4: The Corporation is committed to acting ethically Principle 4 requires the corporation to make periodic statements
Ethical Behavior and responsibly, upholding the values and culture about the corporation’s commitment not only to comply with
of the organization. applicable laws and regulations, but also to act ethically and
responsibly.
Principle 5: The corporation implements corporate Principle 5 requires the Board of Directors to implement
Risk Management, governance practices that are integrated with governance, internal control, and risk management systems, as
Control the implementation of internal control and risk well as compliance management systems in an integrated manner
Internal and management systems, as well as an effective as part of the Board of Directors.
Compliance compliance management system in order to strategies, management tools, and practices carried out by the
support the achievement of corporate goals, corporation in doing responsible business as a good corporate
vision, mission, objectives, and performance citizen. The Board of Commissioners monitors and provides input
targets in conducting business with integrity. on the effectiveness of the implementation of governance, internal
control, and risk management systems, as well as corporate
compliance management systems implemented in an integrated
manner by the Board of Directors.
Principle 6: The corporation makes accurate and timely Principle 6 requires corporations to have a governance framework
Disclosure and disclosures regarding all material concerning the that is capable of providing reasonable assurance of accurate
Transparency corporation. and timely disclosure of all material matters concerning the
corporation, which include financial condition and performance,
ownership of the corporation, and corporate governance.
Principle 7: The Corporation protects and facilitates the Principle 7 explains the fulfillment of shareholder rights and fair
Shareholder Rights exercise of shareholder rights and ensures fair treatment for shareholders, how active cooperation between the
treatment of shareholders, including minority corporation and its shareholders is carried out, and the effective
shareholders. All shareholders have the exercise of some shareholder rights through the GMS.
opportunity to obtain effective compensation for
violations of their rights.
Prinsip 8: The corporation recognizes the rights of Principle 8 explains the role of the Board of Directors and Board
Stakeholder Rights stakeholders set out in the applicable laws and of Commissioners in integrating sustainability aspects in the
regulations or an agreement entered into by the corporate business model, implementing stakeholder engagement,
corporation and encourages active cooperation and ensuring the protection of stakeholders’ rights. The Board of
with stakeholders in creating wealth, Commissioners monitors the integration of all aspects mentioned
employment, and financially sound business above by the Board of Directors.
sustainability.
Governance Structure and Process/Mechanism
Applicable Laws and Formal Regulations:
• Law of the Republic of Indonesia
• Ministerial Regulations
• Financial Services Authority (OJK)
• Indonesia Stock Exchange (IDX) Regulations
Company Articles of Association
Some Other References
Vision, Mission, Values, and Corporate Culture
• Indonesian General Guidelines on Good
Corporate Governance 2006 issued by the
National Committee on Governance Policy
on 17 October 2006 (“Indonesian GCG
GCG Soft-Structure
GCG Infrastructure General Guidelines KNKG”).
(Mechanism: Company
(Main Organs and • ISO 26000 on Social Responsibility
Operational Policies
Supporting Organs)
and Procedures) Guidelines.
• OECD 2004 Principles of Corporate
Governance and Asian Corporate
Governance Scorecard (ACGS)
Implementation and Monitoring of GCG within Mandiri
Tunas Finance.
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CORPORATE GOVERNANCE
STRUCTURE AND MECHANISM
GCG is a system as well as a structure to provide assurance to all stakeholders that the Company is managed and
controlled to protect the interests of stakeholders in line with laws and regulations and its principles.
Governance Structure
The structure of Good Corporate Governance, as stipulated in Law No. 40 of 2007, consists of three main organs
of the Company, namely:
• General Meeting of Shareholders (GMS)
An organ of the Company that has authority not granted to the Board of Directors or the Board of Commissioners
within the limits set forth in the Limited Liability Company Law No. 40 of 2007 and/or the Articles of Association.
• Board of Commissioners
An organ of the Company in charge of conducting general and or special supervision in accordance with the
Articles of Association and providing advice to the Board of Directors.
• Directors
The organ of the Company that is authorized and fully responsible for the management of the Company for the
interests of the Company, in accordance with the purposes and objectives of the Company and represents the
Company both inside and outside the court in accordance with the provisions of the Articles of Association.
In addition to the main organ, Mandiri Tunas Finance has supporting organs to assist the work of the Board of
Commissioners and Board of Directors as presented in the Company’s governance structure chart as follows:
Mandiri Tunas Finance Corporate Governance Structure
Transparency Accountability Responsibility Independency Fairness
GMS
Board of Commissioners Board of Directors
Audit Committee Corporate Secretary
Nomination & Remuneration Committee Risk Management
Risk Monitoring Committee Internal Audit
Legal & Compliance
UKK APU PPT
ALCO
Credit Committee
Risk Management Committee
Anti Fraud Committee
Information Technology Steering
Comittee
External Auditor (Independent Audit)
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The success in implementing GCG in the Company is highly dependent on the relationship between the
Company’s organs, where based on the prevailing laws and regulations, the duties and authority of the General
Meeting of Shareholders (GMS), the Board of Directors, and the Board of Commissioners, are clearly separated.
The three organs of the Company always relate on the basis of the principles of togetherness and mutual
respect, respecting each other’s functions and roles assisted by supporting organs, and acting in the interests
of the Company. Every decision and action carried out is based on good faith, moral values, and compliance with
laws and regulations and policies owned by the Company with an awareness of corporate social responsibility
towards stakeholders and environmental sustainability around the Company.
Corporate Governance Mechanism
The GCG mechanism consists of various regulations and policies that regulate the scope of responsibilities
of GCG organs and working relationships between GCG organs, including with both internal and external
stakeholders. The Company already has a GCG mechanism which includes the Articles of Association and the
Good Corporate Governance Guidelines that have been ratified. The Company continues to improve its GCG
policies (GCG soft structure) to be in line with the needs of business processes and the provisions for GCG
implementation for the Company.
In addition to GCG guidelines, the Company has developed Code of Conduct, Board Manual, Gratification Control
Guidelines, Whistleblowing System Guidelines, Audit Committee Charter, Internal Audit Charter, and various
policies and procedures to support the implementation of good governance. All of these policies and procedures
aim to encourage the Company to be able to carry out checks and balances on every business activity based on
GCG principles that apply.
Procedures and Procedu res Establishment
Articles of Association Deed No. 38 dated 23 December 2022 made by Ir. Nanette Cahyanie Handari Adi Warsito, S.H., Notary in
Jakarta.
Good Corporate Governance Established through Decree No. 03, effective since 1 April 2016 and approved by the Board of
Guidelines Directors.
Board Manual (Board of Established on 27 August 2015 and signed by the Board of Commissioners.
Commissioners and Board of
Directors Handbook)
Code of Conduct/CoC Established on 11 March 2013.
Audit Committee Charter Updated and ratified on 30 July 2020 and signed by all members of the Board of Commissioners and Audit
Committee.
Nomination & Remuneration Established on 4 August 2015 and signed by all members of the Board of Commissioners.
Committee Charter
Risk Monitoring Committee Established on 24 November 2016 and signed by all members of the Risk Monitoring Committee and the
Charter Board of Commissioners.
Internal Audit Charter Updated and ratified by the Board of Directors and approved by the Board of Commissioners on 30
November 2020.
Corporate Secretary Charter Established through SOP No.03/PGN/06/2016 which was issued on 23 December 2016 and has gone
through an improvement/revision on 14 December 2018 and has been approved by the Board of Directors.
Internal Control System Established through SOP No. 03/PGN/01/2016, effective on 28 December 2016 and approved by the Board
Guidelines of Directors.
Risk Management Guidelines Established through SOP No. 03/PGN/07/2016 which was issued on 27 December 2016 and has gone
through an improvement/revision on 11 November 2019 and has been approved by the Board of Directors
Guidelines for Procurement of Established through SOP No. 02/PGA/01/2017 effective since 1 June 2017 and has been approved by the
Goods and Services Board of Directors and has gone through improvements/revisions on 11 November 2019 and has been
approved by the Board of Directors.
Gratification Control Guidelines Established through SOP No. 03/PGN/10/2018 effective since 17 September 2018 and has gone through
improvements/revisions on 15 November 2019 and 1 September 2020 and has been approved by the Board
of Directors.
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SOCIALIZATION AND INTERNALIZATION
OF GOOD CORPORATE GOVERNANCE
As part of the Company’s commitment to always implement the Company’s business activities and operational
implementation in accordance with the principles of Good Corporate Governance, the Company always provides
provisions to every new employee and existing employee for the socialization of GCG implementation. Throughout
2024, the Company has conducted as many as 4 (four ) socialization activities of GCG implementation with the
following details:v:
No. Date Training Materials Division/Region/HC Program
1 18 January 2024 Implementation of Good Governance Management Trainee Batch 17 Program
2 21 February 2024 Awareness Training on Anti-Bribery Legal Division, Corporate Secretary Division, Corp. Risk Management
Management System (SMAP) Division, Human Capital & HC Learning Division, Treasury & Finance
Division, Retail Risk Management Division, Business & Operation
Support Management Division. Internal Audit Division
3 07 June 2024 Implementation of Good Governance Management Trainee Program Batch 18
4 27 August 2024 Training on Internal Audit Anti-Bribery Legal Division, Corporate Secretary Division, Corp. Risk Management
Management System (SMAP) Division, Human Capital & HC Learning Division, Treasury & Finance
Division, Retail Risk Management Division, Business & Operation
Support Management Division. Internal Audit Division
DEVELOPMENT OF GOOD CORPORATE GOVERNANCE
IMPLEMENTATION AND APPRECIATION IN 2024
In 2024, Mandiri Tunas Finance won the Indonesia Good Corporate Governance Award 2024 in the category of
Trusted Company Based on Corporate Governance Perception Index (CGPI) with a score of 84 01. CGPI is a research
program and ranking of GCG implementation in companies through a survey of GCG practices that results in a
Corporate Governance Perception Index (CGPI) score. CGPI Awards is organized by The Indonesian Institute for
Corporate Governance (IICG) in collaboration with SWA Magazine and its participation includes companies from
Issuers, State-Owned Enterprises (BUMN), Regional-Owned Enterprises (BUMD), Banking, Sharia Banking, and
Non-Bank Financial Industry (IKNB).
ASSESSMENT: EVALUATION, MONITORING, AND
IMPROVEMENT OF GOOD CORPORATE GOVERNANCE
IMPLEMENTATION
Periodically, the Company conducts an assessment of GCG implementation (GCG Assessment) to measure the level
of compliance with GCG implementation by referring to the prevailing laws and regulations. The evaluation aims to
measure the effectiveness of GCG implementation that has been carried out as a basis for making improvements
to all GCG implementation policies within the Company. The assessment is carried out through 2 (two) methods,
namely Self Assessment of the Governance of Finance Companies and Mandiri Group Businesses, as well as
external party assessment through the Corporate Governance Perception Index (CGPI) rating.
Metode Penilaian Penerapan GCG di Lingkup Mandiri Tunas Finance terdiri dari dua yaitu:
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The assessment method of GCG implementation within Mandiri Tunas Finance
consists of two methods:
Self-Assessment External party
on the Corporate assessment through
Governance the Corporate
of Financing Governance
Companies and Perception Index
the Mandiri Group (CGPI) rating.
Business Group
A. Self Assessment of Governance of Finance Companies and Mandiri Group
Businesses
The main assessment of GCG implementation carried out by the Company is a periodic assessment using the
Self Assessment approach which refers to the 2 (two) natures of the Company’s entity, namely as a finance
company that has compliance with OJK regulations and as part of the Mandiri group which is bound by the
Financial Conglomeration.
Basis and Method of Assessment
GCG assessment through Self Assessment refers to 2 (two) provisions as follows,
1. POJK No. 29/POJK.05/2020 concerning Amendments to OJK Regulation No. 30/POJK.05/2014 concerning
Good Corporate Governance for Financing Companies and SEOJK No. 15/SEOJK.05/2016 concerning
Reports on the Implementation of Good Corporate Governance for Financing Companies.
With details of the discussion as follows:
a. Implementation of duties and responsibilities of the Board of Directors, Board of Commissioners, and
DPS;
b. Completeness and implementation of the duties of committees and work units that carry out the internal
control function;
c. Handling Conflict of Interest;
d. Implementation of compliance, internal audit, and external audit functions;
e. Implementation of risk management and internal control systems;
f. Implementation of remuneration policy;
g. Transparency of financial and non-financial conditions;
h. Business plan as an annual work plan and budget as well as a long-term plan;
i. Disclosure of share ownership of members of the Board of Directors and Board of Commissioners
reaching 50% or more;
j. Financial and family relationships of Directors;
k. Financial and family relationships of the Board of Commissioners;
l. Disclosure of other important matters to OJK
2. POJK No. 18/POJK.03/2014 and SEOJK No. 15/SEOJK.03/2015 concerning Implementation of Integrated
Governance for Financial Conglomerates..
With details of the discussion as follows:
a. Requirements for candidates for members of the Board of Directors and candidates for members of the
Board of Commissioners;
b. Requirements for prospective members of the Sharia Supervisory Board;
c. Structure of the Board of Directors and Board of Commissioners;
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d. Structure of the Sharia Supervisory Board;
e. Independence of the Board of Commissioners’ actions;
f. Implementation of the management function of the Financial Institution by the Board of Directors;
g. Implementation of the supervisory function by the Board of Commissioners;
h. Implementation of the supervisory function by the Sharia Supervisory Board;
i. Implementation of compliance function, internal audit function, and external audit implementation;
j. Implementation of risk management function;
k. Remuneration policy; and
l. Management of conflicts of interest
Assessment of the implementation of Good Corporate Governance is conducted internally while maintaining
independence so that the results reflect the actual conditions.
Assessment of GCG Implementation for Financial Year 2022–2024
Criteria 2024 2023 2022
Type of Assessment Self Assessment Self Assessment Self Assessment
Assessor The Company internally The Company internally The Company internally
1 January 2024 to 31 1 January 2023 to 31 December 1 January 2022 to 31 December
Implementation Period
December 2024 2023 2022
Year of Measure Financial Year 2024 Financial Year 2023 Financial Year 2022
Description of the Company’s GCG Implementation Self Assessment Results
for the Financial Year 2022–2024
2024 2023 2022
Aspect
1st semester 2nd semester 1st semester 2nd semester 1st semester 2nd semester
Board of Directors 1,36 1,36 1,33 1,33 1,44 1,22
Board of Commissioners 1,33 1,22 1,70 1,40 1,50 1,30
Sharia Supervisory Board N/A N/A N/A N/A N/A N/A
Integrated Governance Committee 1,00 1,00 1,00 1,00 1,00 1,00
Compliance Unit (T) 1,67 1,33 1,50 1,50 1,75 1,50
Internal Audit Unit (T) 1,28 1,00 1,00 1,00 1,33 1,33
Implementation of Risk Management
1,33 1,17 1,40 1,40 1,40 1,40
(T)
Integrated Governance Guidelines (T) 1,33 1,00 1,33 1,33 1,33 1,33
Conflict of Interest 1,00 1,00 1,00 1,00 1,00 1,00
Remuneration Policy 1,00 1,00 1,00 1,00 1,00 1,00
Final Score 1,25 1,25 1,12 1,22 1,31 1,23
Results of Integrated Governance Self Assessment for Financial Year 2022 - 2024
Year Rank/Score Definition of Rating
The Financial Conglomerate was assessed to have implemented Integrated Governance that was generally
very good. This was reflected in the adequate fulfillment of the implementation of Integrated Governance
2024 1
principles. If there were weaknesses in the implementation of Integrated Governance, in general the
weaknesses were less significant and could be immediately improved by the Primary Entity and/or FSI.
The Financial Conglomerate was assessed to have implemented Integrated Governance that was generally
very good. This was reflected in the adequate fulfillment of the implementation of Integrated Governance
2023 1
principles. If there were weaknesses in the implementation of Integrated Governance, in general the
weaknesses were less significant and could be immediately improved by the Main Entity and/or FSI.
The Financial Conglomerate was assessed to have implemented Integrated Governance that was generally
very good. This was reflected in the adequate fulfillment of the implementation of Integrated Governance
2022 1
principles. If there were weaknesses in the implementation of Integrated Governance, in general the
weaknesses were less significant and could be immediately improved by the Main Entity and/or FSI.
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Follow-up of GCG Implementation Assessment Results for Financial Year 2023
The Company’s commitment to improving GCG implementation includes following up on recommendations in
the GCG assessment. The following is the follow-up of the GCG implementation assessment results in 2023:
1. 1. Preparation of Anti-Bribery Policy and Governance Policy, preparation of Anti-Bribery Management System
(SMAP) SOP, update of control policy, update of Anti Fraud Strategy SOP and Gratification Control SOP,
update of Compliance SOP, Risk Management SOP, Business Continuity Management (BCM) SOP, Capital
Management SOP, Corporate and Corporate Strategy SOP, Protection of Consumers & Society SOP, update of
Strategy Implementation Anti-Fraud PTO, Audit Monitoring System PTO, Business Continuity Management
PTO and Suspicious Financial Transaction Report and Cash Financial Transaction Report PTO.
2. In terms of improving the Company’s integrity, in 2024, the implementation of ISO 37001 Anti-Bribery
Management System has been carried out and has passed the certification audit.
3. The Company also implemented SmartAML to accommodate the monitoring process of suspicious financial
transactions and an integrated Know Your Customer (KYC) process as a form of implementation of POJK
No. 8 of 2023 on the Implementation of Anti-Money Laundering Programs, Prevention of Financing of
Terrorism, and Prevention of Financing the Proliferation of Weapons of Mass Destruction in the Financial
Services Sector.
B. External Party Assessment by Corporate Governance Perception Index (CGPI)
The Company regularly participates in the Corporate Governance Perception Index (CGPI) survey every year
organized by the Indonesian Institute for Corporate Governance (IICG) which produces a rating and various
recommendations for the implementation of GCG within the Company.
Basis and Method of Assessment
CGPI developed an assessment method and assessment aspects consisting of 2 (two) stages, namely the
analysis and observation stages. The analysis stage is carried out through the method of filling out questionnaires
(self-assessment) and assessing participating company documents, followed by the observation stage through
executive exposure and discussions with participating company organs. CGPI assessment aspects include
governance structure, governance process, and governance outcome. The CGPI assessment uses mandatory
GCG implementation references and generally accepted best practices as well as an approach with a stakeholder
perspective where relationships with all stakeholders are increasingly important in maintaining the Company’s
business sustainability in the long term.
Assessment Score
Every year, the Company’s assessment score continues to increase as a result of continuous improvements
made by the Company towards GCG implementation. The development of the Company’s CGPI assessment
score for 5 (five) consecutive years can be seen in the chart below.
Results of GCG Implementation Assessment Based on Aspects and Indicators for 2022–2024
2024 2023 2022
Assessment Aspects & Indicators
Weight Final Score Weight Final Score Weight Final Score
Governance Process Aspect 33,33 28,04 33,10 27,70 23,33 22,98
Governance Process Aspect 33,34 28,03 32,81 27,28 31,79 31,41
Governance Outcome Aspect 33,33 27,94 34,09 28,12 28,12 27,64
Total CGPI Score & Rating 100,00 84,01 100,00 83,10 100,00 82,03
Predicate (Trusted) (Trusted) (Trusted)
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81,5
81,71
82,03
83,1
84,01
CGPI 5-Year
Assessment Score
2020 2021 2022 2023 2024
Follow-up of GCG Implementation in 2023
The Company’s CGPI assessment score in 2023 was 83.10 with the Company’s classification into the “Trusted”
group of companies. The CGPI results show achievement and can illustrate that the Company Organ and all
members of the Company have committed and made serious and consistent efforts in implementing GCG
and managing the transformation of the Company’s business model based on GCG principles so that it moves
towards conditions that create value for stakeholders.
Based on the GCG assessment results, the Company obtained a number of recommendations that became
Areas of Improvement (AoI) in the process of improving the quality of GCG implementation within the Company,
among others:
Conceptual Recommendation
1. The Company is expected to continue to develop maturity development programs in accordance with
available concepts, including concepts at the international level. Companies that have implemented the
concept of maturity development are expected to be able to carry it out consistently and sustainably.
2. The Company is expected to be able to develop the concept of GCG principle maturity through the Company’s
business planning that produces business scenarios according to the demands of success in the industrial
and business world, through the establishment of comprehensive strategic goals and integrated with its
strategic policies, programs and activities
Technical Recommendation
1. The Company is expected to be able to design initiatives to develop sustainable business maturity by
considering the drivers and inhibitors of the Company’s competitiveness.
2. The Company is expected to be able to implement disciplined maturity development programs that have
become initiatives and conduct periodic evaluations.
3. The Company is expected to be able to adjust the application of corporate governance concepts that have
developed, such as based on quality system standards (ISO), among them by applying the newly approved
system standards such as the Organizational Governance Maturity Model (ISO 37004:2023) and Risk
Management System (ISO 31050:2023).
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ORGAN STRUCTURE OF GOOD
CORPORATE GOVERNANCE
The organ structure of Good Corporate Governance consists of the General Meeting of Shareholders (GMS), the
Board of Commissioners, and the Board of Directors. The Company adheres to a two-tier system, namely the
Board of Commissioners, and the Board of Directors with clear authority and responsibilities according to their
respective functions as mandated in the laws and regulations and the articles of association. The Company also
includes several important aspects that play a role in supporting the strengthening of control and management
of the Company, consisting of supporting organs, from the Corporate Secretary, Internal Audit, Risk Management,
and several committees and other work units under the Board of Directors to the Audit Committee, Nomination &
Remuneration Committee, and Risk Monitoring Committee under the Board of Commissioners. In addition, there
is an independent audit process of financial statements and other reports conducted by external accountants in
strengthening controls, especially related to the Company’s performance reports. The structure is in accordance
with the prevailing regulations in Indonesia.
General Meeting of Shareholders (GMS)
The General Meeting of Shareholders (“GMS”) is an organ of the Company that has authority not granted to the
Board of Commissioners or the Board of Directors within the limits set forth in the Articles of Association and
prevailing laws and regulations.
GMS Type
Based on the provisions of the Company Law and Articles of Association, the GMS consists of:
1. Annual GMS, which is a routine GMS held every year, consisting of Annual GMS on Approval of Annual Report
and Ratification of Financial Statements, and Annual GMS on Ratification of the Company’s Work Plan and
Budget.
2. Extraordinary GMS (EGMS), which is a GMS held at any time if it is deemed that there are certain matters that
require urgent and significant discussion and decision-making.
As stated in Article 91 of the Company Law, Shareholders may also adopt resolutions outside the GMS (“Circular
GMS Resolutions”) which have the same binding legal force as a physical GMS. Circular GMS resolutions have the
same legal force as GMS resolutions provided that all shareholders with voting rights agree in writing by signing
the resolution.
Authority of GMS
The authority of the GMS includes appointing and dismissing Directors and Commissioners, deciding on the division of
duties and management authority among Directors, holding the Board of Commissioners and Directors accountable
for the management of the Company, changing capital, amending the Articles of Association, planning the use of
profits, merging, consolidating, acquiring, and dissolving the Company, as well as establishing subsidiaries.
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Shareholders of Mandiri Tunas Finance
Shareholders as owners of capital have rights and responsibilities in accordance with laws and regulations and
the Company’s articles of association. The Company’s Shareholders consist of PT Bank Mandiri (Persero) Tbk
with 51% and PT Tunas Ridean with 49%.
Shareholder Rights and Responsibilities
The Company always fulfills and pays attention to the rights of Shareholders equally without distinguishing
between majority and minority shareholders. Equal fulfillment of rights to all shareholders can be seen from the
notification of pre-implementation, implementation, and post-implementation of GMS information as required in
the applicable provisions. Before the GMS is held, the Company will make an invitation within a period of no later
than 14 days prior to the date of the GMS.
Shareholder rights include:
1. Propose and approve the appointment and dismissal of the Board of Commissioners and Board of Directors.
2. Approve amendments to the articles of association including capital changes.
3. Approve the merger, consolidation, acquisition, and separation of the Company, the filing of a petition for the
Company to be declared bankrupt, and dissolution.
4. Request reports and explanations regarding certain matters to the Board of Directors and Board of
Commissioners of the Company with due observance of the prevailing regulations in the field of capital
markets in Indonesia.
5. Every one share gives 1 (one) voting right.
6. Attend and vote in the GMS.
7. Receive dividend payments and remaining assets from liquidation.
8. Exercise other rights based on applicable laws and regulations.
Mechanism of the Company’s GMS
In terms of procedures for organizing the GMS, the Company refers to Law No. 40 of 2007 concerning Limited
Liability Companies and the Company’s Articles of Association, as well as other related regulations.
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Organization of GMS in 2024
Throughout 2024, the Company held GMS 3 (three) times, namely:
1. 1 (one) Annual General Meeting of Shareholders held circularly as stated in the Deed of Shareholders
Resolution Number 235 and 236 dated 28 June 2024. The agenda and resolutions are as follows:
Agenda Resolutions and Realization
Approval of the Annual Report and the 1. Approve the Company’s Annual Report including Report on the Supervisory Duties of
Board of Commissioners Oversight Report the Company’s Board of Commissioners for the financial year ending on 31 December
and Ratification of the Company’s Financial 2023 and ratified the Company’s Financial Statements for the financial year ending on
Statements for the financial year 2023, including 31 December 2023 which have been audited by the Public Accounting Firm Purwantono,
to release and discharge of all responsibilities Sungkoro & Surja (a member firm of Ernst & Young), with the opinion “Present fairly in all
(volledig acquit et de charge) to all members material respects” as stated in report Number 00026/2.1032/AU.1/09/1008-1/1/I/2024
of the Boards of Directors and Commissioners dated 22 January 2024.
regarding the management and supervision 2. Upon the approval of the Company’s Annual Report including the Report of the
carried out during the financial year 2023, to the Supervisory Duties of the Board of Commissioners of the Company for the financial
extent that such activities are reflected in the year ending on 31 December 2023 and the ratification of the Company’s Financial
Annual Report. Statements for the financial year ending on 31 December 2023, then this Circular
Resolution grants full release and discharge of responsibility (volledig acquit et de
charge) to all members of the Board of Directors and the Board of Commissioners
regarding the management and supervision of the Company that have been carried
out during the financial year ending on 31 December 2023, to the extent that such
actions were not criminal acts and such actions are reflected in the Annual Report and
Financial Statements for the financial year ending on 31 December 2023.
Realization: The Annual Report for the year 2023 was approved on 17 April 2024 by the
President Commissioner and President Director of the Company and the Financial report for
the period of 31 December 2023 was approved by the Director of the Company on 22 January
2024. Both reports have been reported to the regulator in accordance with applicable
regulations.
Status: Realized
Approval of the Use of the Company’s Net Profit 1. Approve and determine the use of the Company’s Net Profit for the financial year 2023
for the Financial Year ending on 31 December amounting to Rp1,161,100,986,270 (One trillion hundred sixty one billion one hundred
2023. million nine hundred eighty six thousand two hundred seventy Rupiah) as follows:
a. 30% (thirty percent) of the Company’s net profit or Rp348,330,295,881 (three
hundred forty-eight billion three hundred thirty million two hundred ninety-five
thousand eight hundred eighty-one Rupiah) is designated as dividends of the
Company.
b. 70% (seventy percent) of the Company’s net profit or Rp812,770,690,389 (eight
hundred twelve billion seven hundred seventy million six hundred ninety thousand
three hundred nine Rupiah) shall be determined as retained earnings of the
Company.
2. Grant authority and power to the Board of Directors of The Company to regulate
the procedures for the allocation of the Company’s net profit mentioned above in
accordance with the prevailing laws and regulations.
Realization: The Company has distributed dividends in accordance with the GMS resolution
to the Company’s shareholders.
Status: Realized
Approval of the appointment of a Public 1. Establish the Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm
Accountant Firm and Public Accountant to audit of Ernst & Young Global Limited) and Public Accountant Yasir to audit the Company’s
the Company’s Financial Statements for the Financial Statements for the year ending on 31 December 2024.
Financial Year ending on 31 December 2024 and 2. Grant authority and power to the Board of Commissioners of the Company to determine
determination of the fees/honorarium. the honorarium and other requirements for the Public Accounting Firm and Public, as
well as to determine the Public Accounting Firm and/or Public Accountant replacement
in the event that the Public Accounting Firm Purwantono, Sungkoro & Surja (a member
firm of Ernst & Young Global Limited) and/or Public Accountant Yasir for any reason cannot
complete the audit process of the Company’s Financial Statements for the financial year
ending on 31 December 2024. If there is a change of Public Accounting Firm and/or Public
Accountant, the Board of Commissioners provides a report to the Shareholders.
Realization: The audited financial statements for the period of 31 December 2024 have been
completed and endorsed on 24 January 2025 using the Public Accounting Firm Purwantono,
Sungkoro & Surja (a member firm of Ernest & Young Global Limited) and Public Accountant
Yasir, CPA.
Status: Realized
PT Mandiri Tunas Finance
Annual Report 2024 175
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Agenda Resolutions and Realization
Determination of Tantiem (performance Grant authority and power to the Board of Commissioners of the Company with prior approval
incentive) for Board of Directors and Board from the majority shareholders and acknowledged by other controlling shareholders to
of Commissioners of the Company for the determine:
financial year ending on 31 December 2023, and a. Tantiem (performance incentive) for the performance of members of the Board of
determination of Salary of Board of Directors and Directors and Commissioners for the financial year ending on 31 December 2023; and
Honorarium of Board of Commissioners as well b. Salaries of members of the Board of Directors and honorarium of members of the Board
as Provision of Facilities, Benefits, and/or Other of Commissioners as well as provision of facilities, benefits, and/or other allowances for
Allowances for the financial year 2024. the financial year 2024.
Realization: Determination of remuneration for members of the Board of Commissioners
and Board of Directors has been determined and given in accordance with the results of
the decisions made.
Status: Realized
Accountability Report on the Realization of Receive Accountability Report on the Realization of the Use of Proceeds from the
the Use of Proceeds from the Public Offering Public Offering of Continuous Bonds VI Mandiri Tunas Finance Phase I Year 2023 and
of Continuous Bonds VI Mandiri Tunas Finance Accountability Report on the Realization of the Use of Proceeds from the Public Offering
Phase I Year 2023 and Public Offering of of Continuous Bonds VI Mandiri Tunas Finance Phase II Year 2023.
Continuous Bonds VI Mandiri Tunas Finance
Phase II Year 2023. Realization: The use of proceeds from the public offering of Continuous Bonds VI Mandiri
Tunas Finance Phases I and II Year 2023 has been carried out in accordance with the plan
of use and has been reported to OJK.
Status: Realized
Approval of Changes in the Company’s 1. Approve the reappointment of:
Management Structure. a. Mr. R. Eryawan Nurhariadi as Director of the Company for the second period.
b. Mr. William Francis Indra as Director of the Company for the second term.
The above appointment was effective as of the date of the Circular Resolution and
would expire at the closing of the 3rd (third) AGMS after their appointment, which would
be held in 2027, without prejudice to the right of the General Meeting of Shareholders to
dismiss them at any time.
2. Approve the appointment of Mr. Saptari as Commissioner of the Company for the first
period effective from the date of this Circular Resolution and ending at the closing of
the 3rd AGMS since his appointment which will be held in 2027, without prejudice to the
right of the General Meeting of Shareholders to dismiss him at any time.
The appointment of Mr. Saptari will be effective after he has received approval from the
Financial Services Authority (OJK) for the fit and proper test.
3. Resolve that as from the date of this Circular Resolution, the composition of the
Company’s management will be as follows:
No. Name Position
Board of Commissioners
1 Rico Adisurja Setiawan President Commissioner
2 Fendy Eventius Mugni Independent Commissioner
3 Saptari* Commissioner
Board of Directors
1 Pinohadi Gautama Sumardi President Director
2 R. Eryawan Nurhariadi Director
3 William Francis Indra Director
*The appointment is effective upon approval from the Financial Services Authority on the fit and
proper test.
4. Grant authority and power to the Board of Directors of the Company to follow up on the
Meeting Resolutions related to reporting to regulators and other relevant agencies.
Realization: Mr. Saptari as a member of the Board of Commissioners has passed the fit
and proper test by the Financial Services Authority, so that he can carry out his duties and
responsibilities as a member of the Board of Commissioners of the Company.
Status: Realized
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Agenda Resolutions and Realization
Other Agenda 1. Grant authority and power to the Board of Directors with the right of substitution to
state the whole of this Circular Resolution in a separate notarial deed, and to further
notify the competent authorities, as well as to take all and any necessary actions
related to such resolution in accordance with the prevailing laws and regulations, if
necessary, and for that purpose to appear as necessary, to make, order to make, and
sign the deeds and letters required. In short, do anything deemed necessary to achieve
this purpose, without any exception.
2. The date of this Circular Resolution shall be the date of the last signature of the
representative of the Shareholders stated in this Circular Resolution, in the event that
the signature of the representative of the Shareholders is not given on the same date.
3. This Circular Resolution may be made in several copies which together constitute an
integral part of this Circular Resolution.
Status: Realized
2. 2 (two) Extraordinary General Meetings of Shareholders held circularly as stated in the Deed of Statement
of Shareholders’ Resolution of PT Mandiri Tunas Finance Outside the General Meeting of Shareholders No.
48 dated 5 June 2024, as well as in the Deed of Statement of Shareholders’ Resolution of PT Mandiri Tunas
Finance Outside the General Meeting of Shareholders No. 16 dated 5 November 2024.
The agenda and resolutions are as follows:
EGM, 5 June 2024
Agenda Resolutions
Changes in the Composition of the 1. Approve the resignation of Mr. Totok Priyambodo as Commissioner of the Company
Company’s Board of Commissioners. effective since 7 March 2024, and acknowledge his contribution of labor and thoughts
given during his tenure as Commissioner of the Company.
2. Declared that as of 7 March 2024 , member composition of the Company’s Board of
Commissioners is as follows:
Name Positions=
Board of Commissioners
Rico Adisurja Setiawan President Commissioner:
Fendy Eventius Mugni Independent Commissioner:
Other Agenda 1. Grant authority and power to the Board of Directors with the right of substitution to
declare the entirety of this Circular Resolutions in a separate notarial deed, and to then
notify it to the authorized parties, and take all and any actions necessary related to
the resolution in accordance with the applicable laws and regulations, when necessary
and for that purpose appearwhere necessary, make, order to make, andsign necessary
deeds and letters, In short, doing whatever it takes to achieve this purpose, without any
exception.
2. The date of this Circular Resolution shall be the date of the last signature of the
representative of the Shareholders stated in this Circular Resolution, in the event that
the signature of the representative of the Shareholders is not given on the same date.
3. This Circular Decision may be made in several copies which together constitute a single
unit of this Circular Decision
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
EGM, 5 November 2024
Agenda Resolutions
Changes in the Company’s Management 1. Approve the appointment of Mr. Subarna as Independent Commissioner of the Company
Structure as of the date of This Circular Resolution and expires at the close of the 3rd Annual
General Meeting of Shareholders since his appointment, which will be held in 2027,
without prejudice to the rights of the Meeting. General Shareholders to dismiss him at
any time.
The appointment of Mr Subarna as stated above is effective after he has received
approval from the Financial Services Authority on the fit and proper test.
2. Stating that as of 5 November 2024, the composition of the Company’s management
will be as follows:
Name Position
Board of Commissioners
Rico Adisurja Setiawan President Commissioner
Saptari Commissioner
Fendy Eventius Mugni Independent Commissioner
Subarna* Independent Commissioner
Board of Directors
Pinohadi Gautama Sumardi President Director
R. Eryawan Nurhariadi Director
William Francis Indra Director
*effective upon obtaining approval from the Financial Services Authority
Finance on fit and proper test
3. Grant authority and power to the Company’s Board of Directors to follow up on the
Meeting’s resolutions regarding reporting to regulators and other relevant agencies.
Other Agenda 1. Grant authority to the Board of Directors of the Company with the right of substitution
to declare this Circular Resolution in a separate notarial deed, and to further notify
the authorities, and to take all and any necessary actions in connection with the
decision in accordance with applicable laws and regulations, if necessary and for that
purpose to appear where necessary, to make, to order the making and signing of the
necessary deeds and letters. In short, to do anything to achieve the purpose, without
any exception.
2. The date of this Circular Resolution shall be the date of the last signature of the
Shareholders‘ representative stated in this Circular Resolution, in the event that the
signature of the Shareholders’ representative is not given on the same date.
3. This Circular Resolution can be made in several copies which together constitute a
single unit of this Circular Resolution.
Independent Party Involvement in Vote Counting
Throughout 2024, the Company’s GMS was not held physically or face-to-face so there was no involvement of
independent parties in the vote counting.
178 PT Mandiri Tunas Finance
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2023 AGM and Its Follow-up
Throughout 2023, the GMS was not held physically or face-to-face. The Company has held the GMS 2 (two)
times, namely:
1. 1 (one) Annual General Meeting of Shareholders held circularly as stated in the Deed of Resolution of the
Annual General Meeting of Shareholders for the Financial Year 2022 of PT Mandiri Tunas Finance Number 137
dated 28 June 2023, with agenda and resolutions as follows:
Agenda Resolutions and Realization
Approval of the Annual Report and the 1. Approve the Company’s Annual Report including the Board of Commissioners’
Board of Commissioners Oversight Report Supervisory Report for the financial year ending on 31 December 2022 and ratify the
and Ratification of the Company’s Financial Company’s Financial Statements for the financial year ending on 31 December 2022
Statements of the financial year 2022, including which have been audited by the Public Accounting Firm (KAP) Purwantono, Sungkoro,
to release and discharge of all responsibilities & Surja (a member firm of Ernest & Young Global Limited), with the opinion “Present
(volledig acquit et de charge) to all Board fairly in all material respects” as stated in Report Number 00031/2.1032/ AU.1/09/0242-
members for the management and supervision 3/1/I/2023 dated 23 January 2023.
carried out during the financial year 2022, to the 2. Upon the approval of the Company’s Annual Report including thWe Report of the
extent that such activities are reflected in the Supervisory Duties of the Board of Commissioners of the Company for the financial
annual report. year ending on 31 December 2022 and the ratification of the Company’s Financial
Statements for the Financial Year ending on 31 December 2022, then this Circular
Resolution grants full release and discharge of responsibility (volledig acquit et de
charge) to all members of the Board of Directors and the Board of Commissioners
regarding the management and supervision of the Company that has been carried out
during the financial year ending on 31 December 2022, to the extent that such actions
are not criminal acts and such actions are reflected in the Annual Report and Financial
Statements for the financial year ending on 31 December 2022.
3. A full release and discharge (volledig acquit et de charge) was also granted to Mr. Anton
Zulkarnain who served as Commissioner of the Company from 1 January 2022 until 17
June 2022.
Realization: The Annual Report for the year 2022 was approved on 6 April 2023 by
the President Commissioner and President Director of the Company and the Financial
Statements for the period of 31 December 2022 was approved by the Director of the Company
on 23 January 2023. Both reports have been reported to the regulator in accordance with
applicable regulations.
Status: Realized.
Approval of the Use of the Company’s Net Profit 1. Approve and determine the use of the Company’s Net Profit for the Financial Year 2022
for the Financial Year ending on 31 December amounting to Rp750,213,273,330 (seven hundred and fifty billion two hundred and thirteen
2022. million two hundred and seventy-three thousand three hundred and thirty rupiah), with
details as follows::
a. 30% (thirty percent) of the Company’s net profit or Rp225,063,981,999 (two
hundred twenty five billion sixty three million nine hundred eighty one thousand
nine hundred ninety nine rupiah) was determined as dividends.
b. 70% (seventy percent) of the Company’s net profit is determined as retained
earnings amounting to Rp525,149,291,331 (five hundred twenty five billion one
hundred forty nine million two hundred ninety one thousand three hundred thirty
one rupiah.
2. Grant authority and power to the Board of Directors of the Company to regulate the
procedures for the allocation of the Company’s net profit as mentioned above in
accordance with the prevailing laws and regulations.
Realization: The Company has distributed dividends in accordance with the GMS resolution
to the Company’s shareholders.
Status: Realized.
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Agenda Resolutions and Realization
Approval of the appointment of a Public 1. Appoint Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of Ernst
Accountant Firm and Public Accountant to audit & Young Global Limited) and Public Accountant Danil Setiadi Handaja, CPA, to audit the
the Company’s Financial Statements for the Company’s Financial Statements for the financial year ending on 31 December 2023.
financial year ending on 31 December 2023 and 2. Grant authority and power to the Board of Commissioners of the Company to determine
determination of the fees/ honorarium. the honorarium and other requirements for the Public Accounting Firm and the Public
Accountant, as well as to determine the Public Accounting Firm and/or Public Accountant
replacement in the event that the Public Accounting Firm Purwantono, Sungkoro & Surja
(a member firm of Ernst & Young Global Limited) and or Public Accountant Danil Setiadi
Handaja, CPA, for any reason cannot complete the audit process of the Company’s
Financial Statements for the financial year ending on 31 December 2023.
If there is a change of Public Accountant and/or Public Accountant office, the Board of
Commissioners shall report to the Shareholders.
Realization: The audited financial statements for the period of 31 December 2023
have been completed and endorsed on 22 January 2024 using Public Accounting Firm
Purwantono, Sungkoro & Surja (a member firm of Ernst & Young Global Limited) and Public
Accountant Danil Setiadi Handaja, CPA.
Status: Realized.
Determination of tantiem (performance Grant authority and power to the Board of Commissioners of the Company with prior approval
incentive) for the Board of Directors and Board from the majority shareholders and acknowledged by other controlling shareholders to
of Commissioners of the financial year 2022, and determine:
determination of salaries of the Board of Directors 1. Tantiem (performance incentive) for the performance of members of the Board of Directors
and honorarium of the Board of Commissioners, and Board of Commissioners for the financial year ending on 31 December 2022; and
and provision of facilities, benefits, and/or other 2. Salaries of members of the Board of Directors and honorarium of members of the Board
allowances for the financial year 2023 of Commissioners and provision of facilities, benefits, and/or other allowances for the
financial year 2023.
Realization: Remuneration for members of the Board of Commissioners and Board of
Directors has been determined and given in accordance with the results of the resolutions
made.
Status: Realized.
The Accountability Report on the Use of Funds Receive the Accountability Report on the Use of Funds from the Public Offering of Mandiri
from the Public Offering of Mandiri Tunas Finance Tunas Finance Continuous Bonds Series V Phase III in 2022.
Continuous Bonds Series V Phase III in 2022.
Realization: The use of funds from the Public Offering of Mandiri Tunas Finance Continuous
Bonds Series V Phase III in 2022 has been carried out according to the planned utilization.
Status: Realized.
Approval of Changes in the Company’s 1. Approve the reappointment of Mr. Rico Adisurja Setiawan as the President Commissioner
Management Structure of the Company, effective from the Effective Date of this Circular Resolution and ending
at the closing of the 3rd Annual General Meeting of Shareholders since his appointment,
scheduled to be held in 2026, without prejudice to the right of the Annual General
Meeting of Shareholders to dismiss him at any time.
2. Approve not to extend the term of office for Mr. Ravik Karsidi as Independent Commissioner
of the Company, effective from the Effective Date of this Circular Resolution, and express
gratitude for his services to the Company.
3. Approve the appointment of Mr. Fendy Eventius Mugni as Independent Commissioner of
the Company, effective from the Effective Date of this Circular Resolution and ending at
the closing of the 3rd Annual General Meeting of Shareholders since his appointment,
which will be held in 2026, without prejudice to the right of the General Meeting of
Shareholders to dismiss him at any time.
The appointment of Mr. Fendy Eventius Mugni shall be effective upon obtaining approval
from the Financial Services Authority based on the assessment of his capabilities and
fitness (fit and proper test).
4. Approve the reappointment of Mr. Pinohadi Gautama Sumardi as the President Director
of the Company, effective from the Effective Date of this Circular Resolution and ending
at the closing of the 3rd Annual General Meeting of Shareholders since his appointment,
which will be held in 2026, without prejudice to the right of the General Meeting of
Shareholders to dismiss him at any time.
Based on the above decision, as of the Effective Date of this Circular Resolution, the
composition of the Board of Commissioners of the Company is as follows:
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05
Agenda Resolutions and Realization
Name Position
Board of Commissioners
Rico Adisurja Setiawan President Commissioner
Fendy Eventius Mugni* Independent Commissioner
Totok Priyambodo Commissioner
Board of Directors
Pinohadi Gautama Sumardi President Director
R. Eryawan Nurhariadi Director
William Francis Indra Director
*effective upon obtaining approval from the Financial Services Authority
Finance on fit and proper test
Realization: Mr. Fendy Eventius Mugni as an Independent Member of the Board of
Commissioners has passed the fit and proper test conducted by the Financial Services
Authority, so that he can carry out his duties and responsibilities as a member of the
Company’s Board of Commissioners.
Status: Realized.
Other Agenda 1. Grant authority with the right of substitution to the Board of Directors of the Company to
state the whole of this Circular Resolution in a separate notarial deed and to subsequently
notify it to the authorized parties, as well as to take all and any necessary actions in
connection with such resolution in accordance with the prevailing laws and regulations,
if necessary and to appear where necessary, make, order to make and sign deeds and
letters required. In short, to do whatever is necessary to achieve such a purpose, without
any exception.
2. The date of the Circular Resolution is the date of the last signature of the representative
of the Shareholders stated in this Circular Resolution, in the event that the signatures of
the representative of the Shareholders are not given on the same date.
3. This Circular Decision may be made in several copies which together constitute an
integral part of this Circular Resolution.
Status: Realized.
2. 1 (one) Extraordinary General Meeting of Shareholders held circularly as stated in the Deed of Shareholders
Resolution of PT Mandiri Tunas Finance outside the General Meeting of Shareholders No. 26 dated 12 April
2023.
The agenda and resolutions are as follows:
Agenda Resolutions
Approval of the Issuance of the Approve the issuance of the Company’s Continuous Bonds VI 2023–2025 with a total ceiling
Company’s Continuous Bonds VI Year of Rp5,000,000,000,000 (five trillion rupiah).
2023
Other Agenda 1. Grant authority to the Board of Directors with the right of substitution to state the
whole of this Circular Resolution in a separate notarial deed, and to further notify the
authorized parties, as well as to take all and any necessary actions in connection with
such resolution in accordance with the prevailing laws and regulations, if necessary
and to appear where necessary, make, order to make and sign the deeds and letters
required. In short, to do whatever is necessary to achieve such a purpose, without any
exception.
2. The date of this Circular Resolution shall be the date of the last signature of the
representative of the Shareholders stated in this Circular Resolution, in the event that
the signature of the representative of the Shareholders is not given on the same date.
3. This Circular Resolution may be made in several copies which together constitute an
integral part of this Circular Resolution..
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
BOARD OF
COMMISSIONERS
The Board of Commissioners is the organ of the company that collectively has the duty and responsibility to
supervise and provide advice to the Board of Directors independently regarding the implementation of duties
and responsibilities of the Board of Directors in managing the Company and ensuring that the company has
implemented GCG.
Term of Office of the Board of Commissioners
The term of office of the Board of Commissioners is 3 (three) years as stated in the Company’s Articles of
Association and may be reappointed for 1 (one) term of office without prejudice to the right of the General
Meeting of Shareholders to dismiss members of the Board of Commissioners at any time. After their term of
office ends, members of the BOC may be reappointed by the GMS.
Composition and Structure of the Board of Commissioners
Throughout 2024, the composition of the Board of Commissioners has changed by not extending the term of
office of Mr. Totok Priyambodo as Commissioner of the Company as of the Annual GMS on 5 June 2024.
Composition of the Board of Commissioners from 1 January 2024 to 5 June 2024
Name Position Basis of Appointment Term of Office Tenure
Rico President Deed of Resolution of the Annual GMS of PT Mandiri Tunas Annual GMS of Financial Year 2023 3rd
Adisurja Commis- Finance No. 138 Dated 28 June 2023 made before M. until the closing of Annual GMS of
sioner
Setiawan Kholid Artha, SH, a notary in Jakarta. Financial Year 2026.
Totok Commis- Deed of Resolution of Shareholders Outside the General Annual GMS for Financial Year 2022 1st
Priyambodo* sioner Meeting of Shareholders to Organize the Annual General until the closing of Annual GMS for
Meeting of Shareholders of PT Mandiri Tunas Finance for Financial Year 2025.
the Financial Year 2021 No. 22 dated 17 June 2022 made by
Lenny Janis Ishak, SH, a notary in South Jakarta
Fendy Independent Deed of Resolution of the Annual GMS of PT Mandiri Tunas Annual GMS of Financial Year 2023 1st
Eventius Commis- Finance No. 138 dated 28 June 2023 made before M. Kholid until the closing of Annual GMS of
sioner
Mugni Artha, SH, a notary in Jakarta. Financial Year 2026.
*) Resigned on 7 March 2024
Composition of the Board of Commissioners from 5 June 2024 to 31 December 2024
Name Position Basis of Appointment Term of Office Tenure
Rico Adisurja President Deed of Resolution of the Annual GMS of PT Mandiri Tunas Annual GMS of Financial Year 2023 3rd
Setiawan Commis- Finance No. 138 dated 28 June 2023 made before M. until the closing of Annual GMS of
sioner Kholid Artha, SH, a notary in Jakarta. Financial Year 2026.
Saptari Commis- Deed of Resolution of the Annual General Meeting of Annual GMS of Financial Year 2023 1st
sioner Shareholders of PT Mandiri Tunas Finance No.236 dated until the closing of the Annual GMS of
28 June 2024 made before M. Kholid Artha, SH, a notary Financial Year 2026.
in Jakarta.
Fendy Independent Deed of Resolution of the Annual GMS of PT Mandiri Tunas Annual GMS of Financial Fiscal Year 1st
Eventius Commis- Finance No. 138 dated 28 June 2023 made before M. Kholid 2024 until the closing of Annual GMS
sioner
Mugni Artha, SH, a notary in Jakarta. of Financial Year 2027.
Subarna* Independent Deed of Resolution of Extraordinary General Meeting of Annual GMS for Financial Year 2024 1st
Commis- Shareholders No. 16 dated 5 November 2024 drawn up until the closing of Annual GMS for
sioner
before M. Kholid Artha, SH, a notary in Jakarta. Financial Year 2027.
*) Effective after obtaining approval from the Financial Services Authority (OJK) for a fit and proper test.
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05
Profiles of all members of the Board of Commissioners can be found in the Company Profile chapter of this
Annual Report.
Fit and Proper Assessment of the Board of Commissioners
In accordance with the regulations imposed by OJK on the financial industry, those who manage financial
institutions are required to undergo a fit and proper test conducted by OJK as a prerequisite for formal
management positions. All members of the Company’s Board of Commissioners have undergone fit and proper
tests by OJK.
The appointment of the Company’s Board of Commissioners is in accordance with OJK Regulation No. 33/
POJK.04/2014 concerning Directors and Commissioners of Issuers or Public Companies, and OJK Regulation No.
27/POJK.03/2016 concerning Fit and Proper Assessment for Principal Parties of Financial Services Institutions.
The following information is related to the fit and proper test of the Company’s Board of Commissioners.
Board of Commissioners Fit and Proper Assessment
Name Position Approval from OJK
Rico Adisurja Setiawan President Commissioner Passed with OJK Decree No. KEP-471/NB.11/2017 dated 21 August 2017.
Saptari Commissioner Passed with OJK Decree Number KEP-50/D.06/2024 dated 18 October 2024.
Fendy Eventius Mugni Independent Commissioner Passed with OJK Decree No. KEP-13/KDK.06/2023 dated 8 December 2023.
Subarna* Independent Commissioner Waiting for the results of the fit and proper test.
*) effective after obtaining approval from the Financial Services Authority (OJK) for a fit and proper test.
Board of Commissioners Charter • Committees Supporting the Implementation of Board
The Board of Commissioners Charter contains instruc- of Commissioners Duties
tions for the work procedures of the Board of Commis- • Secretary of the Board of Commissioners
sioners which are prepared based on applicable laws
and regulations. The Board Charter explains the stages Duties, Responsibilities, Obligations,
of activity in a structured, systematic, and easy-to-un-
and Authority of the Board of Com-
derstand manner and can be carried out consistently so
missioners
DUTIES AND RESPONSIBILITIES OF THE BOARD OF
that it can be a reference in carrying out the duties of
COMMISSIONERS:
each member of the Board of Commissioners to achieve
1. Supervise and be responsible for the policies and
the Company’s vision and mission. The things that are
management of the Company in accordance with
regulated in the charter include:
the vision and mission that have been determined
• Policy Reference
based on compliance with applicable laws and
• Scope
regulations in Indonesia, including but not limited to
• Legal Basis
regulations related to the implementation of Good
• Principles of Working Relationship between the Board
Corporate Governance, Limited Liability Company
of Commissioners and the Board of Directors
Law, and Financial Services Authority Regulations;
• Composition, Term of Office, and Concurrent
2. Advise the Board of Directors on the management of
Positions
the Company;
• Duties, Responsibilities, and Obligations of the Board
3. Ensure that the Board of Directors has followed
of Commissioners
up on audit findings and recommendations from
• Rights and Authority of the Board of Commissioners
the Internal Audit Division, external auditors, OJK
• Culture and Behavioral Ethics of the Board of
supervisory results and/or supervisory results of
Commissioners
other authorities;
• Confidentiality of Information and Conflict of Interest
4. Notify the Financial Services Authority (OJK) no
• Board of Commissioners Meeting
later than 10 (ten) calendar days from the discovery
• Reporting and Accountability
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
of violations of laws and regulations in the field of 10. In the event that the Company shows symptoms
financing, including estimates of circumstances that of significant deterioration, immediately convene
may jeopardize the Company’s business continuity; a GMS to report to the Shareholders, along with
5. Examine and review the annual report prepared by suggestions on corrective measures to be taken;
the Board of Directors and signing the annual report; 11. Monitor the effectiveness of Good Corporate
6. Provide opinions and suggestions on the Annual Governance implementation.
Work Plan and Budget proposed by the Board of
Directors and ratify the Annual Work Plan and Budget AUTHORITY OF THE BOARD OF COMMISSIONERS
in accordance with the provisions of the Articles of The Board of Commissioners is authorized to give written
Association; approval to the decisions of the Board of Directors for
7. Report immediately to the GMS if there are symptoms the following actions:
of declining performance of the Company. 1. Borrowing or lending money on behalf of the
Company (excluding taking the Company’s money
OBLIGATIONS OF THE BOARD OF COMMISSIONERS from the Bank);
1. Comply with the provisions of laws and regulations, 2. Establishing a new business or participating in
Articles of Association, and resolutions of the GMS, another company, either domestically or abroad.
and act professionally; 3. Obtaining sufficient access to the Company’s
2. Review, approve, and supervise the implementation information in this regard to see books and
of the Company’s Annual Work Plan and Budget securities, as well as to inspect the Company’s
prepared by the Board of Directors in accordance assets;
with applicable regulations and the Company’s 4. Requesting explanations from the Board of Directors
Articles of Association; and/or other officials regarding all issues/policies
3. Provide advice to the Board of Directors in carrying concerning the management of the Company;
out the management of the Company and is not 5. Requesting the Board of Directors and/or other
intended for the benefit of certain parties/groups; working unit officials under the Board of Directors
4. Review the annual report prepared by the Board of with the knowledge of the Board of Directors to
Directors and sign the annual report; attend Board of Commissioners meetings;
5. Prepare a report on the activities of the Board of 6. Appointing the Secretary of the Board of
Commissioners which is part of the report on the Commissioners, if deemed necessary and dismiss
implementation of Good Corporate Governance and them;
report its supervisory activities to the GMS; 7. Temporarily suspending Members of the Board of
6. Report to the Company regarding their and/or their Directors in accordance with the provisions of the
family’s share ownership in the Company concerned Company’s Articles of Association;
and other Companies, including any changes 8. Establishing other committees in addition to the
thereof; audit committee, taking into account the needs of
7. Provide recommendations to the GMS on the the Company;
appointment of a Public Accounting Firm that 9. If deemed necessary in carrying out its duties, the
will conduct an audit of the Company’s financial Board of Commissioners may utilize the assistance
statements; of experts for a limited period of time at the expense
8. Conduct follow-up on the results of supervision and of the Company;
provide recommendations to the GMS in the event of 10. Performing management actions of the Company
a deviation from the prevailing laws and regulations in certain circumstances for a certain period of time
and the Articles of Association; in accordance with the provisions of the Company’s
9. Establish an Audit Committee and may establish Articles of Association;
other committees to support the implementation of 11. Carrying out other supervisory authority as long
the duties of the Board of Commissioners; as it does not conflict with laws and regulations,
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the Company’s Articles of Association and/or GMS • Business processes at Mandiri Tunas Finance
resolutions. • Principles of good corporate governance for finance
companies
Division of Duties and Responsibili- • Risk management at finance companies
ties of the Board of Commissioners • Internal control and auditing at finance companies
To be more effective in carrying out its functions, duties, • ●Compliance management at finance companies
and responsibilities, the Board of Commissioners has • Anti-fraud management
divided the supervisory duties for each member of the • Performance information of Mandiri Tunas Finance
Board of Commissioners. The position of each member • Annual Work Plan and Budget
of the Board of Commissioners including the President • Management of APU-PPT & PPPSPM for financing
Commissioner is equal but the President Commissioner companies
who acts as primus inter pares has the duty to coordinate
all activities of the Board of Commissioners. Board of Commissioners Competency
Improvement
Orientation Program for New Com- The Company has policies related to the implementation
missioners of human resource development programs from the
The Introduction Program for the newly appointed top to the bottom level as a form of the Company’s
Board of Commissioners aims to provide knowledge commitment in creating superior and competitive
about the Company, in order to understand the duties human resources.
and responsibilities as the Board of Commissioners and
the Company’s business processes carried out by the The policy on capability building program for the Board
Board of Directors, so that they can work in harmony of Commissioners is as follows
with other organs of the Company. 1. The capability building program is implemented in
order to improve the effectiveness of the Board of
The person in charge of this program is the Corporate Commissioners’ work.
Secretary and the introduction program materials 2. The plan to conduct a capability building program
include: should be included in the Board of Commissioners
1. Articles of Association of Mandiri Tunas Finance Work Plan and Budget.
2. Laws and regulations related to Mandiri Tunas 3. Each Member of the Board of Commissioners who
Finance’s business participates in the capability building program is
3. Mandiri Tunas Finance Annual Report required to present to other Members of the Board
4. Long-term Plan of Commissioners in order to share information and
5. Annual Work Plan and Budget knowledge.
6. Board of Commissioners Work Program 4. The member of the Board of Commissioners
7. Board of Commissioners Key Performance Indicators concerned is responsible for making a report on
the implementation of the capability building
In 2024, the GMS appointed Saptari as a member of the program. The report is submitted to the Board of
Board of Commissioners and Subarna as Independent Commissioners.
Commissioner. The introduction program to both of
them was carried out on 16 July 2024 and 13 November Details of the implementation of the Board of
2024. Commissioners capability building program are presented
in the Company Profile chapter contained in this Annual
The introductory program material covers: Report.
• Duties and responsibilities of commissioners,
including independent commissioners
• Regulations governing Mandiri Tunas Finance
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Implementation of the Board of Commissioners’ Duties in 2024
The decisions, recommendations, and duties of the Board of Commissioners in 2024 are as follows:
First Quarter • The Board of Commissioners expressed its appreciation to the entire Board of Directors for achieving a profit of
of 2024 Rp1.16 trillion in 2023. The outstanding amount is already Rp53 trillion but the Opex value is still well maintained.
• The Board of Commissioners provided recommendations to remain focused on achieving new profit targets in
2024.
• The Board of Commissioners gave its greatest appreciation to all Directors and employees of MTF. In 2024
there were already new challenges, with good cooperation MTF can achieve the targets set.
• The Board of Commissioners recommended that MTF’s Return of Equity (RoE) can increase to more than 30%
from 2023.
• The Board of Commissioners provided recommendations to improve the AR Loss figure in Q2-2024.
• The Board of Commissioners gave direction to maximize net profit in March 2024 to match the RKAP target.
• The Board of Commissioners made a decision to maintain synergy with both the dealers and Bank Mandiri.
Second • The Board of Commissioners provided recommendations to focus on pursuing targets in May and June so that
Quarter RKAP targets can be met.
of 2024
• The Board of Commissioners provided direction to make various strategies and breakthroughs related to the
Company’s achievements.
• The Board of Commissioners provided recommendations to pay attention to the quality of financing to create
quality Lending.
• The Board of Commissioners appreciated the Management’s achievement until June 2024 that despite the
current situation in all finance companies being unfavorable, MTF recorded continued growth with maintained
quality
• The Board of Commissioners provided direction to make a review of the profiling of JF Regular debtors who
have good financing quality to be the guidance during the acquisition process.
Third Quarter • The Board of Commissioners approved the loan facility plan proposed by the management.
of 2024 • The Board of Commissioners recommended that the portion of funding sources should be balanced between
JF (50%) and Non-JF (50%).
• The Board of Commissioners recommended that there should be anticipation to avoid negative news circulating
in the media to maintain MTF’s reputation.
• The Board of Commissioners recommended that management establish good relationships with media
partners to maintain the Company’s reputation.
Fourth • The Board of Commissioners provided direction for management to pay attention and maximize JF financing
Quarter in the remaining 3 months of 2024.
of 2024
• The Board of Commissioners recommended that management pay more attention to the parameters for
determining RAS in the following year.
• In principle, the Board of Commissioners approved the addition of JF Financing Facilities amounting to 4 Trillion
with a total cooperation of Rp10 Trillion.
• The Board of Commissioners provided recommendations for management to increase financing in the
Wholesale Banking segment for 2025.
• The Board of Commissioners provided recommendations related to the implementation of ISO 37001, the
mechanism for handling Whistle Blower so that its implementation is made to follow Bank Mandiri.
Performance Assessment of Committees under the Board of Commissioners
and Basis for Assessment
The Board of Commissioners has supporting committees that have duties and responsibilities to support the
performance of the Board of Commissioners. These committees have clear work guidelines, so that the implementation
of their duties can be directed and effective. The Board of Commissioners periodically (annually) assesses the
effectiveness of the performance of the committees under the Board of Commissioners. The Board of Commissioners
considers that in 2023 the committees have carried out their duties and responsibilities quite effectively as seen
from the achievement of the Key Performance Indicators (KPI) of each committee.
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The following is the performance assessment of the committees under the Board of Commissioners:
Audit Committee
The Audit Committee has duties and responsibilities auditor.
to assist and facilitate the Board of Commissioners in 3. Review the Company’s compliance with laws and
carrying out its duties and functions of supervision regulations related to the Company’s activities.
over the Financial Reporting system and process, 4. Provide an independent opinion in the event of a
the audit process of the Company’s financial difference of opinion between management and
statements, evaluation of the implementation of the accountants on the services provided.
Company’s internal controls, evaluation of internal 5. Provide recommendations to the Board of
audit performance, and supervision of technical and Commissioners regarding accountant support
operational performance as well as compliance with based on independence, scope of assignment, and
other laws and regulations. fee.
6. Provid recommendations regarding the improvement
Throughout 2024, the Audit Committee has carried out of the Company’s internal control system, as well as
its duties and responsibilities well. The Audit Committee its implementation.
met 8 (eight) times and carried out its duties, among 7. Review the risk management activities carried out
others: by the Board of Directors, if the Company does not
1. Review the financial information that will be have a risk monitoring function under the Board of
issued by the Company to the public and/or the Commissioners.
authorities, such as projected financial statements 8. Review complaints relating to the accounting and
and other reports related to the Company’s financial financial reporting process of the Company.
information. 9. Review and provide advice to the Board of
2. Review the examination by the internal auditor and Commissioners regarding potential conflicts of
supervise the implementation of follow-up by the interest.
Board of Directors on the findings of the internal 10. Maintain the confidentiality of the Company’s
documents, data and information.
Remuneration and Nomination Committee
The Nomination and Remuneration Committee has including salary, honorarium, THR, benefit, bonus,
duties and responsibilities to assist the Board of and tantiem (performance incentive).
Commissioners with the aim of monitoring, supervising, 3. Provide recommendations to the Board of
and assessing the effectiveness of nomination and Commissioners regarding the composition of
remuneration within the Company. positions of members of the Board of Directors
and/or Board of Commissioners, policies and
Throughout 2024, the Nomination and Remuneration criteria required in the nomination of members
Committee has carried out its duties and responsibilities of the Board of Directors and/or Board of
well. The Nomination and Remuneration Committee Commissioners, the names of candidates for
met 3 (three) times and carried out its duties, among members of the Board of Directors and/or Board
others: of Commissioners, and conduct an assessment
1. Provide recommendations to the Board of based on benchmarks that have been prepared as
Commissioners regarding remuneration policies for a performance evaluation and development of the
members of the Board of Directors and/or Board of ability of the Board of Directors and/or Board of
Commissioners to be submitted to the GMS. Commissioners
2. Evaluate the Company’s remuneration policy,
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Risk Monitoring Committee
The Risk Monitoring Committee has duties and frameworks in accordance with risk appetite and
responsibilities to assist the Board of Commissioners risk tolerance.
to monitor the implementation of the Company’s 2. Review the suitability of the Company’s risk
risk management that has been prepared and management policy.
implemented by the Board of Directors. 3. Monitor the implementation of the duties of the risk
management work unit.
Throughout 2024, the Risk Monitoring Committee has 4. Review the risk profile report and/or risk level.
performed its duties and responsibilities well. The Risk 5. Reviewing the Company’s financial health report.
Monitoring Committee met 5 (five) times and carried 6. Monitor the adequacy of the identification process,
out its duties, among other: monitoring measurement, control, and risk
1. Direct risk management policies, strategies, and management information system
Independent Commissioner
An Independent Commissioner is a member of the Board of Commissioners who has no financial, management,
share ownership and/or family relationship with members of the Board of Directors, other members of the Board of
Commissioners and/or controlling shareholders, or a relationship with the Bank that may affect their ability to act
independently.
Independent Commissioners are responsible for supervising and representing the interests of minority shareholders.
The appointment of Independent Commissioners is regulated in OJK Regulation No. 33/POJK.04/2014 concerning
the Board of Directors and Board of Commissioners of Issuers or Public Companies.
- CRITERIA FOR INDEPENDENCE OF INDEPENDENT COMMISSIONERS
The existence of an Independent Commissioner in the Company always ensures that the supervisory mechanism
runs effectively and in accordance with the laws and regulations. The criteria for determining the Company’s
Independent Commissioner in accordance with POJK No. 33/POJK.04.2014 are:
1. 1. Not a person who works or has the authority and responsibility to plan, lead, control, or supervise the activities
of the Company within the last 6 (six) months, except for reappointment as Independent Commissioner of the
Company in the following period.
2. Does not own any shares of the Company either directly or indirectly.
3. Has no affiliation with the Commissioners, Directors, and Major Shareholders of the Company.
4. Has no business relationship with the Company either directly or indirectly. Thus, the Company’s Independent
Commissioner has met the criteria in accordance with the prevailing laws and regulations.
.
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Fendy Eventius
Independence Aspect Mugni
Subarna*
As a person who works or has the authority and responsibility to plan, lead, control, or supervise
the activities of the Company within the last 6 (six) months, except for reappointment as x x
Independent Commissioner of the Company in the following period.
Owns shares of the Company either directly or indirectly. x x
Affiliated with Commissioners, Directors and Major Shareholders of the Company. x x
Has a business relationship with the Company either directly or indirectly. x x
*) effective upon approval by the Financial Services Authority (OJK) of the fit and proper test .
- COMPOSITION AND MEMBERSHIP OF INDEPENDENT COMMISSIONERS IN THE BOARD OF COMMISSIONERS OF
THE COMPANY
OJK Regulation No. 33/POJK.04/2014 states that the composition of the Board of Independent Commissioners
must be at least 30% of the total number of members of the Board of Commissioners. As of 31 December 2024,
the Company has 2 (two) Independent Commissioners who have met the stipulated criteria and have signed an
independence statement letter in accordance with the prevailing laws and regulations and have been submitted
to the Financial Services Authority as one of the required documents for submission of approval from OJK.
Independent Commissioner Term of Office and Tenure
Fendy Eventius Mugni First period, for the tenure since the Annual GMS of the Financial Year 2025
Subarna First period, for the tenure since the Annual GMS of the Financial Year 2026
*) effective upon approval by the Financial Services Authority (OJK) of the fit and proper test
- INDEPENDENCE STATEMENT LETTER OF INDEPENDENT COMMISSIONER
Independence Statement Letter of Independent Commissioner The Independent Commissioner has signed an
Independence Statement Letter as Independent Commissioner stating that:
1. They have no affiliation with members of the Board of Directors, members of the Board of Commissioners,
members of the Sharia Supervisory Board or shareholders of the same LJKNB; and
2. They have never been a member of the Board of Directors, a member of the Board of Commissioners, a
member of the Sharia Supervisory Board, or held a position 1 (one) level below the Board of Directors at
the same LJKNB or another company that has an affiliate relationship with the LJKNB within the period in
accordance with the applicable statutory provisions.
This statement letter was made and signed by the Independent Commissioner on 20 September 2023 (Mr.
Fendy Eventius Mugni) and 20 December 2024 (Mr. Subarna).
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BOARD OF DIRECTORS
The Board of Directors is an organ of the Company that is authorized and fully responsible for the management
of the Company for the benefit of the Company, in accordance with the purposes and objectives of the Company
and represents the Company, both inside and outside the court in accordance with the provisions of the Articles
of Association. In addition, the Board of Directors is also obliged to carry out the Company’s operational activities
based on the principles of Good Corporate Governance.
Term of Office of the Board of Directors
In accordance with the Company’s Articles of Association, members of the Board of Directors are appointed and
dismissed by the General Meeting of Shareholders for a stipulated period of 3 (three) years.
Composition and Structure of the Board of Directors in 2024
As of 31 December 2024, the composition and membership of the Board of Directors is the same as the previous
year as follows:
Komposisi Direksi per 31 December 2024
Name Position Basis of Appointment Term of Office Tenure
Pinohadi G. President First appointment as President Director of Mandiri Tunas Finance 9 October 2020 until the closing 1st
Sumardi Director at the Extraordinary GMS (Circular Resolution) based on Deed of of the Annual GMS for Financial
Shareholders Resolution No. 6 dated 9 October 2020. Year 2022
Reappointed for the second period as President Director of Mandiri 28 June 2023 until the closing of 2nd
Tunas Finance at the Shareholders’ Resolution Outside the GMS the Annual GMS for the Financial
to Hold the Annual GMS (Circular Resolution) based on Deed of Year 2025
Resolution of Annual GMS No. 138 dated 28 June 2023
R. Eryawan Director Appointed as Director of Mandiri Tunas Finance for the first time 29 March 2021 until the closing 1st
Nurhariadi based on the Shareholders’ Resolution Outside the GMS to Hold the of the Annual GMS of Fiscal Year
Annual GMS (Circular Resolution) based on Deed of Resolution of 2023
Annual GMS No. 15 dated 29 March 2021
Reappointed for the second period as Director of Mandiri Tunas 28 June 2024 until the closing of 2nd
Finance based on the Shareholders’ Resolution Outside the GMS to the Annual GMS of the Financial
Hold the Annual GMS based on Deed of Annual GMS Resolution No. Year 2026
236 dated 28 June 2024.
William Director Appointed as Director of Mandiri Tunas Finance for the first time 29 March 2021 until the closing 1st
Francis Indra based on the Shareholders’ Resolution Outside the GMS to Convene of the Annual GMS of Financial
the Annual GMS (Circular Resolution) based on Deed of Resolution of Year 2023
Annual GMS No. 15 dated 29 March 2021
Reappointed for the second period as Director of Mandiri Tunas 28 June 2024 until the closing of 2nd
Finance based on the Shareholders’ Resolution Outside the GMS to the Annual GMS of the Financial
Hold the Annual GMS based on Deed of Annual GMS Resolution No. Year 2026
236 dated 28 June 2024.
Fit and Proper Assessment of the Board of Directors
OJK Regulation No. 27/POJK.03/2016 on Fit and Proper Assessment for Principal Parties of Financial Services
Institutions elaborates on the consideration of managers/administrators of financial institutions must meet
the fit and proper requirements for members of the Board of Directors and Board of Commissioners in carrying
out their actions, duties, and functions. The following information is related to the fit and proper test of the
Company’s Board of Directors.
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The following information is related to the fit and proper test of the Company’s Board of Directors.
Name Position Approval from OJK
Pinohadi G. Sumardi President Director Passed with OJK Decree No. KEP- 368/NB.11/2020 dated 10 November 2020.
William Francis Indra Director Passed with OJK Decree No. KEP-44/KDK.05/2021 dated 31 August 2021.
R. Eryawan Nurhariadi Director Passed with OJK Decree No. KEP-26/KDK.05/2021 dated 6 July 2021.
Board of Directors Manual strategy;
The Company has a Board Manual which has been 2. Establish Company policies that apply corporately;
approved in the Decree of the Board of Directors No. 3. Determine proposals and amendments to the
021/SK-DIR/MTF/X/2011 which contains instructions Company’s Long-Term Plan and the Company’s
for the work procedures of the Board of Directors Work Plan and Budget in accordance with applicable
and explains the stages of activities in a structured, regulations;
systematic and easy-to-understand manner, and 4. Set performance targets and evaluate the
can be carried out consistently, to be used as a Company’s performance including dividend policy
reference for the Board of Directors in carrying out through the Company’s organizational mechanism
their respective duties to achieve the Company’s in accordance with applicable regulations;
Vision and Mission. 5. Pursue the achievement of performance targets
used as the basis for assessing the level of health
Duties, Responsibilities, Authority, in accordance with the performance agreement set
and Obligations of the Board of Di- forth in the “GMS Approval of RKAP”;
rectors 6. Determine the approval of non-routine investment
The Board of Directors is fully in charge of carrying projects that exceed the Director’s authority and
out all actions related to the management of the monitor their implementation;
Company for the benefit of and in accordance with 7. Determine the organizational structure and the
the purposes and objectives of the Company as appointment of Company officials up to a certain
stipulated in laws and regulations, the Articles of level regulated through a decree of the Board of
Association of the Company, and resolutions of the Directors.
GMS.
RESPONSIBILITIES OF THE BOARD OF DIRECTORS
Based on the Manual, the main duties of the Board 1. Meet selected performance measures that are clear,
of Directors in general and by position are as follows: complete, and balanced, both from financial and
MAIN DUTIES OF THE BOARD OF DIRECTORS non-financial aspects to determine the achievement
1. Carry out all actions related to the management of of the Company’s mission and objectives in
the Company for the benefit of the Company and accordance with applicable regulations.
in accordance with the purposes and objectives of 2. Realize the implementation of RJPP and RKAP,
the Company. including the achievement of financial and non-
2. Represent the Company both inside and outside the financial targets.
Court on all matters and all events with restrictions 3. Implement risk management.
as stipulated in the laws and regulations, Articles of 4. Build and utilize information technology.
Association, and/or resolutions of the GMS. 5. Follow up the audit findings of SPI and External
3. Control, maintain, and manage the Company’s Auditor units and report them to the Board of
assets. Commissioners.
6. Report relevant information to the Board of
COLLEGIAL PRINCIPAL DUTIES OF THE BOARD OF Commissioners, including succession/mutation/
DIRECTORS promotion of key (senior) managers, HR development
1. Establish the Company’s vision, mission, and programs, risk management accountability, and
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AWAKENING A NEW SPIRIT LEADING THE MARKET
information technology utilization performance. of 5 (five) years, sign it together with the Board
7. Organize the General Meeting of Shareholders (GMS) of Commissioners, and submit it to the GMS for
and prepare the minutes of the GMS. ratification.
8. Take into account the interests of stakeholders in 2. Prepare the Company’s Work Plan and Budget
accordance with ethical values and applicable laws (RKAP), and submit it to the Board of Commissioners
and regulations. and GMS for ratification.
3. Develop and implement an accounting system
In addition to being given duties and responsibilities, that complies with financial accounting standards
the Board of Directors is also given the right and including bookkeeping and administration based
authority to determine policies with the management on reliable internal controls.
of the Company, including policies in the field of 4. Provide accountability and all information about
employment. Policies related to employment are the condition and course of the Company in other
implemented based on the Company’s internal reports if requested by the GMS.
regulations and prevailing laws and regulations in 5. Clearly define the duties, responsibilities, and
the field of employment. The Board of Directors also authority of management at each level.
has the power to regulate the issue of delegation of 6. Prepare and submit the Annual Report that has
authority/authorization of the Board of Directors to been signed with the Board of Commissioners to
represent the Company in and out of court. the GMS for ratification.
7. Include their and/or their family’s share ownership
OBLIGATIONS OF THE BOARD OF DIRECTORS in other companies in the Annual Report.
1. Prepare the Company’s Long-Term Plan (RJPP)
which is a strategic plan containing the Company’s
goals and objectives to be achieved within a period
Division of Scope of Duties and Responsibilities of the Board of Directors
The division of the scope of duties of the Board of Directors refers to the Decree of the Board of Directors
No. 021/SK-DIR/ MTF/X/2011 on the Division of Duties and Authorities and Rules of Procedure of the Board
of Directors, and Decree of the Board of Directors No. 003/SK-DIR/ MTF/I/2023 dated 3 January 2023 on the
Organizational Structure of PT Mandiri Tunas Finance.
Directors Responsibilities
Pinohadi PRESIDENT DIRECTORATE
G. Sumardi 1. Carry out the management of the Company in accordance with the Articles of Association and
applicable laws and regulations.
2. Set the Key Performance Indicators (KPI) or the Company’s performance targets, conducting
supervision and evaluation and striving for the achievement of KPIs.
3. Determine and decide on decisions related to the Company’s strategy and policies for the medium
and long term while still referring to the Company’s Vision and Mission.
4. Manage the Company’s business growth by monitoring and ensuring financial performance is
achieved according to targets in order to guarantee the sustainability of the Company.
5. Promote the implementation of the principles of Good Corporate Governance (GCG) and direct the
implementation of the Company’s social responsibility activities.
6. Lead and coordinate the implementation of duties from other Directors to ensure the implementation
of the Company’s strategy in accordance with the target.
7. Monitoring and providing direction to the existing work units in the Company to keep running in
accordance with the Company’s plans and strategies.
8. Provide direction on organizational development activities and human resource development for the
benefit of the Company in achieving the Company’s goals and objectives.
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Directors Responsibilities
R. Eryawan DIRECTORATE OF CORPORATE FINANCE & RISK MANAGEMENT
Nurhariadi 1. Carry out the management of the Company in accordance with the Articles of Association and the
provisions of the applicable laws and regulations.
2. Lead and direct the strategic improvement of the management of finance, accounting and taxation
comprehensively in line with the Vision, Mission, business strategy and financial targets that have
been set.
3. Supervise and control the Company’s resources, especially the efficient and effective use of all costs
in order to achieve the targets set in the Company’s Work Plan and Budget (RKAP) and the Company’s
Long Term Plan (RJPP).
4. Ensure reports related to finance, accounting and taxation have complied to all obligations and
applicable regulations.
5. Establish written and comprehensive credit and risk management policies and strategies including
the establishment and approval of overall risk limits.
6. Develop a risk management culture at all levels of the organization.
7. Direct the implementation of the principles of Good Corporate Governance and internal control.
8. Provide direction to organizational development activities and Human Resource (HR) development
in accordance with work units so that the Company has reliable policies, procedures and methods in
implementing risk management and financial management.
William DIRECTORATE OF SALES & IT
Francis 1. Carry out the management of the Company in accordance with the Articles of Association and
Indra applicable laws and regulations.
2. Supervise a smooth flow and organized process of the Company’s activities in accordance with
established strategies and policies.
3. Lead and direct the strategic improvement of marketing, Information Technology (IT) and operational
management comprehensively in line with the Vision, Mission, business strategy and financial targets
that have been set.
4. Lead and direct the Region to achieve market share targets (market share) and increase business
volume targets.
5. Lead and coordinate the marketing of the Company’s products in the Region aggressively while still
applying the precautionary principle and in accordance with Company’s policies.
6. Establish IT strategy, so as to become a business partner with all work units to provide appropriate
technology solutions in facing business challenges and improving service quality to customers.
7. Direct the implementation of the principles of Good Corporate Governance and internal control.
8. Provide direction to organizational development activities and Human Resources (HR) development
in accordance with work units for the benefit of the Company in achieving the Company’s goals and
objectives.
Orientation Program for Directors 1. The situation of the Indonesian financial industry,
The Introduction Program for newly appointed especially non-banking.
Directors aims to provide knowledge about the 2. Company Profile.
Company, so that they can understand their duties 3. Operations and financial performance of the
and responsibilities as Directors, the Company’s Company.
business processes, and can work in harmony with 4. Organization and Good Corporate Governance.
other Company Organs.
In 2024, there was no change in the composition of
The Company’s introduction program to newly the Board of Directors, therefore the Company did
appointed Directors is conducted by the Corporate not conduct any orientation program for the Board
Secretary. The materials introduced to the new of Directors.
Directors include at least the following information:
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Training and Competency
Development Program for Directors order to improve the effectiveness of the Board of
The Company’s policy also designs programs to provide Directors’ work.
new insights for the Board of Directors to increase 2. The program plan should be included in the Board of
the Company’s capacity in a competitive business Directors’ Work Plan and Budget.
environment, as well as provide opportunities to build 3. Directors who participate in the program are
networks in order to empower existing resources in required to present to other Directors in order to
the organization so as to make the Company a high- share information and knowledge.
performance organization. Capacity and capability 4. The relevant Directors shall make a report on the
building is important so that the Board of Directors can implementation of the capability building program
stay abreast of the latest developments in the industry and submit it to the other Directors.
in which the Company operates and is always ready to
anticipate them for the sustainability and progress of Complete information on competency improvement
the Company. The policy on capability building program activities participated by the Board of Directors
for the Board of Directors is as follows: throughout 2024 can be seen in the Company Profile
1. Capability building programs are implemented in chapter in this annual report.
Implementation of the Duties and Responsibilities of the Board of Directors
in 2024
In 2024, the Board of Directors issued various decisions in the operational, financial, and several business
support areas through the policy tools owned by the Board of Directors. The decisions and duties of the Board
of Directors in 2024 are as follows:
Decisions, Recommendations, and Performance of Duties of the Board of Directors in 2024
First Quarter • Preparation of MTF MPI Year 2024
of 2024 • Monitoring the preparation for the implementation of MTF Internal Trip Year 2024
• Monitoring the MTF National Work Meeting event
• Monitoring Audit Results on Bank Mandiri Audit Findings
• Monitor Audit Results on OJK Audit Findings
• Monitored the data migration process from Jonfis system to Canalis Bank Mandiri
• Monitoring MTF Satellite Opening and Evaluation
• Monitoring the Preparation of PDP Law Implementation in MTFs
• Program evaluation of Direct Impact Project 2023
• Review of Establishment of Direct Impact Project 2024 Initiative
• Conduct NIM Improvement Strategy Study
Second • Reviewing and analyzing the 2024 profit target
Quarter • Concern on Anti-Fraud Strategy
of 2024
• Monitoring the Preparation and Implementation of MTF AGMS
• Monitoring the signing of the Integrity Pact of MTF Employees
• Monitoring Audit Results on Bank Mandiri Audit Findings
• Monitoring Audit Results on OJK Audit Findings
• Reviewing SLIK and Silaras Data Discrepancy for Reporting to OJK
• Reviewing for December 2024 Prognosis
Third Quarter • Monitor Audit Results of MTF Branches/Divisions (Matraman, Rantau Prapat, Corporate Fleet)
of 2024 • Monitor Audit Results on OJK Audit Findings
• Discussed Management Letter of External Auditor
• Reviewing of Corporate Planning on Subsidiary Companies of Bank Mandiri 2025–2029
• Reviewing of Company KPIs and Division KPIs
• Monitor Centralization of ACM and Credit Head
• Preparation of 2025 Target & Strategy
• Monitoring ESG Performance Implementation
• Reviewing of DIP Achievement up to August 2024
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Fourth • Monitoring the renovation of workspace for MTF employees on 23rd and 27th Floor
Quarter • Monitoring Audit Results on OJK Audit Findings
of 2024
• Monitoring Legal Case Handling of Troubled Debtors
• Review of Organizational Structure Adjustment Plan POJK Anti Fraud Strategy
• Review of Business Entity RAC Changes
• Monitor Centralization of ACM and Credit Head
• Performing EPD 2025 Calculation
• Review of Network & Branch Class Development
• Preparation for National Meeting 2025 & MTF 16th Anniversary
• Organization Adjustment & Management of Corporate Fleet
• Significant Fraud Review & Anti-Fraud Development
Performance Assessment of Committees and Supporting Organs under the
Board of Directors
In carrying out its management duties, the Board of Directors established committees under the Board of Directors
in accordance with the Company’s business needs and regulatory requirements, which are expected to create
operational effectiveness and efficiency. The working units are the Asset and Liability Committee (ALCO), Credit
Committee, and Anti Fraud Committee. The Board of Directors considers both the Corporate Secretary and Internal
Audit as well as the working units consisting of the Asset and Liability Committee (ALCO), Credit Committee, and
Anti-Fraud Committee. The Board of Directors assessed that in 2024 these committees have carried out their duties
and responsibilities effectively and provided support to the Board of Directors in terms of managing the Company’s
business in accordance with the principles of Good Corporate Governance.
TRANSPARENCY OF INFORMATION ABOUT
THE BOARDS OF COMMISSIONERS AND DIRECTORS
Diversity of Composition of the Boards of Commissioners and Directors
The determination of the composition of the Company’s Board of Commissioners is carried out by considering
the needs and complexity of the company, including taking into account the diversity of knowledge, expertise,
professional experience and education to support the effectiveness of task implementation in responding to all
the increasingly dynamic business challenges. The following is the diversity of the composition of the Boards of
Commissioners and Directors that supports the implementation of their duties and responsibilities.
Name and Position Citizenship Age Gender Educational Background Expertise
Board of Commissioners
Rico Adisurja Indonesia 53 Male • Master (S2) of Business Administration Administration
Setiawan Woodbury University (1994) in Finance
(President • Bachelor of Science University
Commissioner) of Southern California (1992)
Saptari Indonesia 55 Male • Bachelor of Economics in Accounting from Economics
(Commissioner) Universitas Gadjah Mada (1994) Accounting
Fendy Indonesia 52 Male • Master’s degree in Energy Sustainability from Telecommuni-
Eventius Mugni Universitas Kristen Indonesia (2022) cations and the
(Independent • Bachelor’s degree in Telecommunication Environment
Commissioner) Enginering from Universitas Kristen Indonesia
(2001)
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Name and Position Citizenship Age Gender Educational Background Expertise
Subarna Indonesia 56 Male • Master’s degree Public Administration from Economics
(Independent Universitas Garut, West Java (2004) and Public
Commissioner) • Bachelor’s degree in Economic from Administration
Universitas Siliwangi, West Java (1993)
Board of Directors
Pinohadi G. Indonesia 54 Male • Master in International Finance Business from Finance
Sumardi IPMI International Business School (2003)
(President • Bachelor’s degree in Finance Management
Director) from Padjadjaran University (1993)
R. Eryawan Indonesia 53 Laki- • Master’s degree in Management from Atma Economics
Nurhariadi laki Jaya University Jakarta (2001) Management
(Director) • Bachelor’s degree in Management Economics
from Atma Jaya University Yogyakarta (1994)
William Indonesia 42 Male • Master in Management from Universitas Mercu Management
Francis Indra Buana (2007)
(Director) • Bachelor’s degree in Mathematics from
Universitas Padjadjaran (2004)
PERFORMANCE ASSESSMENT OF
THE BOARDS OF COMMISSIONERS AND DIRECTORS
Board of Commissioners Performance Assessment
Performance Assessment of the Board of Commissioners is conducted through self-assessment of the
performance of the Board of Commissioners and reported and accounted for in the GMS.
Procedure for Performance Assessment of the Board of Commissioners
Conducting an Assess- Reporting the Results of the Accountability
Establishing Aspects of Performance Assessment of
1. Supervision
2. ment Using the Self-As- 3. the Board of Commissioners 4. Accepted/Rejected by
sessment Method in the GMS the GMS
1. Risk Profile
2. Good Corporate Remuneration
Governance
3. Profitability
4. Capital
The party that assesses the performance of the Board of Commissioners is the Board of Commissioners itself by
assessing the performance of the Board of Commissioners throughout 2024 independently (self-assessment).
In detail, the performance assessment of the Board of Commissioners is as follows:
Assessment
Indicator Achievement
Weight
The Board of Commissioners holds regular Board of Commissioners Meetings at least 6 (six)
12,50% 100,00%
times in 1 (one) year.
The Board of Commissioners holds regular Joint Meetings with the Board of Directors at least
12,50% 100,00%
4 (four) times in 1 (one) year.
The Board of Commissioners improves its knowledge, skills, and abilities through participation
12,50% 100,00%
in seminars/training in accordance with its field of duties at least 1 (one) time in 1 (one) year.
The Board of Commissioners prepares and submits the Financing Company Business Plan
12,50% 100,00%
Supervision Report to the Regulator periodically 2 (two) times in 1 (one) year.
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Assessment
Indicator Achievement
Weight
The Board of Commissioners reviews, evaluates and approves matters that must be approved
by the Board of Commissioners based on the prevailing laws and regulations and the 12,50% 100,00%
Company’s Articles of Association.
The Board of Commissioners has ensured that the Board of Directors has followed up on
audit findings and recommendations from the Internal Audit Division, external auditors, OJK 12,50% 100,00%
supervision results, and/or supervision results from other authorities.
The Board of Commissioners ensures the implementation of Good Corporate Governance
12,50% 100,00%
principles and practices at all levels of the organization.
The Board of Commissioners ensures that the Committees under it, namely the Audit
Committee, Risk Monitoring Committee, Nomination and Remuneration Committee, and
Integrated Governance Committee have carried out their duties and functions properly
and effectively in accordance with applicable regulations. The indicators measured in
the implementation of the duties and functions of the committees under the Board of 12,50% 100,00%
Commissioners are as follows::
• Implementation of Committee Meetings and Committee Work Plan
• Attendance and participation rate in Committee Meetings
• Submission of review results to the Board of Commissioners
Overall, the results of the Board of Commissioners assessment in 2024 were very good with all aspects of the
assessment having an achievement of up to 100.00% so that the performance of the Board of Commissioners
during the year can be categorized as very good.
Performance Assessment of the Board of Directors
The process of assessing the performance of the Board of Directors can be seen from the achievement of Key
Performance Indicators (KPI) of the Board of Directors individually as well as the KPI of the Board of Directors
collegially assessed by the Shareholders through the mechanism of the General Meeting of Shareholders (GMS).
Evaluation of the performance of the Board of Directors is based on the achievement of KPIs that have been
previously agreed upon through the GMS mechanism by the shareholders, the Board of Commissioners, and the
Board of Directors. Criteria for assessing or evaluating the performance of the Board of Directors based on Key
Performance Indicators (KPI), namely:
1. Financial Perspective
2. Customer Perspective
3. Internal Business Process Perspective
4. Development Initiative
The parties that assess the performance of the Board of Directors are the Board of Commissioners and the GMS.
In assessing the performance of the Board of Directors, the Board of Commissioners refers to the KPI indicators.
The Board of Commissioners and the Board of Directors will then be held accountable for the achievement of
their performance during the 2024 period, including the implementation of the duties and responsibilities of the
Board of Commissioners and the Board of Directors in the GMS. The results of the performance assessment of
the Board of Directors based on KPIs can be seen in the table below.
Perspective KPI Weight Size Score
25,00% 23,90%
Net Income (Rp M) 10,0% As per RKAP 8,80%
Finance PPOP (Pre Provison Operating Profit) (Rp. M) 10,0% As per RKAP 5,46%
Return on Equity (ROE) (%) 5,0% As per RKAP 4,54%
Gearing Ratio (x) 5,0% As per RKAP 5,09%
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Perspective KPI Weight Size Score
30,0% 31,67%
Customer Bade Joint Finance (JF) 20,0% As per RKAP 20,31%
Financing Captive Portion (%) 10,00% As Targeted 11,35%
25,0%
Finance at Risk (%) 5,0% As Targeted 4,23%
CKPN to Finance at Risk (FAR Coverage) (%) 5,0% As Targeted 4,69%
Internal Business Cost of Credit (CoC) (%) 5,0% As per RKAP 3,82%
Process
Cost to Income Ratio (%) - CER 5,0% As per RKAP 5,57%
Percentage of Minimum IT Requirement Fulfillment (%) 2,5% As Targeted 2,50%
Percentage of Minimum Compliance with Mandiri Subsidiary
2,5% As Targeted 2,50%
Management Principles Guideline (MSMPG) (%)
20,0% 22,00%
Implementation of Project Sydney (Implementation of
5,00% As Targeted 5,50%
Multifinance Ecosystem Study
Development
SLA Approval Underwriting Project Auto 5,00% As Targeted 5,50%
Development of a system for integration into Livin - Project
10,00% As Targeted 11,00%
Auto
TOTAL 100,0% 100,87%
Overall, the results of the assessment of the Board of Directors in 2024 were achieved optimally, with all aspects
of the assessment having an achievement of up to 100.87% so that the performance of the Board of Directors
during 2024 can be categorized as reaching target.
NOMINATION OF BOARDS
OF COMMISSIONERS AND DIRECTORS
The nomination policy of the Company’s Board of Commissioners and Board of Directors follows the policy of PT
Bank Mandiri (Persero) Tbk as the Company’s Major/Controlling Shareholder.
Criteria and Requirements of the Board of Commissioners
The criteria for the Company’s Board of and/or a member of the Board of Commissioners
Commissioners are: who was found guilty of causing a company to
1. Has good morals, character and integrity; be declared bankrupt;
2. Capable of performing legal acts; c. Never been convicted of a criminal offense that
3. Passes the fit and proper assessment as required harms state finances and/or is related to the
by the prevailing laws and regulations; financial sector; and
4. Within 5 (five) years prior to appointment and during d. Has never been a member of the Board of
service: Directors and/or a member of the Board of
a. Never been declared bankrupt; Commissioners that during their tenure:
b. Never been a member of the Board of Directors • Has not held an annual GMS
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• Their accountability as a member of the Criteria and Requirements of the
Board of Directors and/or a member of Board of Directors
the Board of Commissioners has not been The criteria of the Company’s Board of Directors
accepted by the GMS or has not provided are:
accountability as a member of the Board of 1. Has good morals, character and integrity;
Directors and/or a member of the Board of 2. Capable of performing legal acts;
Commissioners to the GMS; and 3. Within 5 (five) years prior to appointment and during
• Has caused a company that obtained a service:
license, approval, or registration from the a. Never been declared bankrupt;
Financial Services Authority to not fulfill the b. Never been a member of the Board of Directors
obligation to submit annual reports and/or and/or a member of the Board of Commissioners
financial reports to the Financial Services who was found guilty of causing a company to
Authority. be declared bankrupt;
5. Has a commitment to comply with laws and c. Never been convicted of a criminal offense that
regulations; and harms state finances and/or is related to the
6. Has knowledge and/or expertise in the field required financial sector; and
by the Issuer or Public Company. d. Has never been a member of the Board of
7. Has a domicile in accordance with the provisions of Directors and/or a member of the Board of
the applicable laws and regulations; Commissioners during their tenure:
8. Foreign nationals are required to have a license • Has not held an annual GMS;
stipulated by the applicable laws and regulations • Their accountability as a member of the
to establish and work in Indonesia and have Board of Directors and/or a member of
knowledge, especially about Indonesian economic the Board of Commissioners has not been
conditions, culture, and language; accepted by the GMS or has not provided
9. Prohibited from holding concurrent positions as accountability as a member of the Board of
a member of the Board of Commissioners in more Directors and/or a member of the Board of
than 3 (three) other companies. Not included in Commissioners to the GMS; and
concurrent positions are: • Has caused a company that obtained a
a. Non-independent members of the Board of license, approval, or registration from the
Commissioners who perform the functional Financial Services Authority to not fulfill the
duties of the Company’s shareholders in the obligation to submit annual reports and/or
form of legal entities in its business group; financial reports to the Financial Services
b. Members of the Board of Commissioners who Authority.
hold positions in non-profit organizations or 4. Has a commitment to comply with laws and
institutions. As long as the person concerned regulations; and
does not neglect the implementation of 5. Has knowledge and/or expertise in the field required
duties and responsibilities as a member of the by the Company.
Company’s Board of Commissioners.
10. Has a certification of expertise in the field of All members of the Board of Directors and
financing from an institution appointed by the Commissioners have met the applicable formal and
association; material requirements. The formal requirements
11. Understands the laws and regulations in the field of are general, in accordance with applicable laws
financing and other relevant laws and regulations; and regulations, while the material requirements
12. Meets other criteria set by regulators and/or are specific, tailored to the needs and nature of the
applicable laws and regulations; and Company’s business.
13. Never been a member of the Board of Directors of
the same company within the last 6 (six) months.
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Board of Commissioners and ethics and/or propriety that are the obligations of
Directors Nomination Process all members of the Board of Directors.
The nomination, appointment, and dismissal 6. Proven guilty based on a court decision that has
mechanisms of the Board of Commissioners and the permanent legal force.
Board of Directors are carried out through shareholder 7. Resigned.
resolutions which then become effective through a
Fit andProper Test in accordance with the regulations Prospective members of the Board of Commissioners
of the OJK as the regulator in the financial sector. The and Board of Directors go through a series of selection
dismissal mechanism of the Board of Commissioners processes before being proposed by Shareholders
and the Board of Directors can be carried out at who have the authority to propose in the GMS. As
any time with the approval of the shareholders and part of the Mandiri group, the appointment of the
declared not meeting the criteria for the following Company’s Boards of Commissioners and Directors
reasons: refers to the Regulation of the Minister of SOEs No.
1. Evidently unable to fulfill its obligations as agreed in PER-04/MBU/06/2020 concerning Amendments to
the Management Contract. the Regulation of the Minister of SOEs No. PER-03/
2. Evidently unable to carry out their obligations MBU/2012 concerning Guidelines for the Appointment
properly. of Members of the Board of Directors and Members of
3. Proven not to implement laws and regulations and/ the Board of Commissioners of Subsidiaries of State-
or provisions contained in the Company’s Articles Owned Enterprises. The procedure and mechanism
of Association. for selecting candidates for the Board of Directors
4. Proven to be involved in actions that harm the are based on Good Corporate Governance principles,
Company and/or the State namely Transparency, Independence, Accountability,
5. Proven to have committed actions that violate the Responsibility and Fairness.
REMUNERATION OF BOARDS
OF COMMISSIONERS AND DIRECTORS
Procedures for Proposing and Determining Remuneration of the Boards of
Commissioners and Directors
The procedure for determining the remuneration of Members of the Boards of Commissioners and Directors of the Company is
carried out by the shareholders through the GMS by taking into account the results of the study conducted by the Company.
Remuneration for members of the Board of Commissioners and Board of Directors is based on a formula determined by the
shareholders through the GMS and has been reviewed by the Board of Commissioners and the Nomination & Remuneration
Committee through a deep dive conducted by the shareholders. The decision to determine the remuneration of the Board of
Commissioners and Board of Directors is made through the GMS dan Direksi ditetapkan melalui RUPS.
Scheme of Procedure for Proposing and Determining Remuneration of the Board of Commissioners and Directors
The Board of Commissioners
The Board of Commissioners Shareholders consider
considers the recommendations
submits the remuneration proposal recommendations from the Board
of the Nomination & Remuneration
to the shareholders. of Commissioners.
Committee.
Recommendations and proposals
for remuneration for the Boards of Determination of remuneration for
Commissioners and Directors by the the Board of Commissioners and
Nomination & Remuneration Committee to Board of Directors through the GMS.
the Board of Commissioners
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Remuneration Structure of the Boards of Commissioners and Directors
The components of the Boards of Commissioners and Directors’ income consist of Salary/Honorarium, Allowances
and Facilities, and Tantiem/Performance Incentive as a work bonus. The following is the remuneration structure
and its components for the Board of Commissioners and Board of Directors:
Remuneration Structure of the Board of Commissioners Remuneration Structure of the Board of Directors
Honorarium of the Board of Commissioners Salary of the Board of Directors
Fixed income in the form of money received every month Fixed income in the form of money received every month
because of his position as a member of the Board of because of his position as a member of the Board of Directors
Commissioners of the Company, with the following provisions: of the Company, with the following provisions:
• The calculation of the President Commissioner’s salary is • The President Director’s salary is set using internal
45% of the President Director’s salary; shareholder guidelines.
• The Commissioner’s salary calculation is 90% of the • The salaries of the other members of the Board of
President Commissioner’s salary Directors are determined by the composition of the
Position Factor of 90% of the President Director’s Salary.
• The GMS may determine a different Position Grade
Factor with the provisions as referred to if it is deemed
more able to reflect fairness and reasonableness in the
implementation of the responsibilities of each member of
the Board of Directors and the Company’s ability.
Allowance of the Board of Commissioners Allowance of the Board of Directors
Income in the form of money or that can be valued in money Income in the form of money or which can be valued in
received at a certain time by members of the Board of money received at a certain time by members of the Board of
Commissioners other than Honorarium. Directors other than Salary.
Facilities of the Board of Commissioners Facilities of the Board of Directors
Income in the form of facilities and/or benefits and/or Income in the form of facilities and/or benefits and/
guarantees used/utilized by members of the Board of or guarantees used/utilized by members of the Board
Commissioners in the context of carrying out their duties, of Directors in the context of carrying out their duties,
authority, obligations, and responsibilities based on laws and authority, obligations, and responsibilities based on laws and
regulations, which can be in the form of: regulations, which can be in the form of:
• Health Facilities/Insurance • Health Facilities/Insurance
• Legal Aid Facility • Legal Aid Facility
Tantiem/Performance Incentive of the Board of Tantiem/Performance Incentive of the Board of
Commissioners Directors
Tantiem is an income that is an award given to members of Tantiem is granted in addition to Long Term/Incentive (LII)
the Board of Commissioners if they earn profits and do not awards.
experience accumulated losses.. • Tantiem is income that is an award given to the Board
• Performance Incentive is an income that is an award of Directors if it earns a profit and does not experience
given to members of the Board of Commissioners.. accumulated losses.
• Performance Incentive, which is an award given to
members of the Board of Directors if there is an increase
in performance even though they are still experiencing
losses or accumulated losses.
Basic Policies Related to Indicators and Determination of Remuneration of the
Boards of Commissioners and Directors in 2024
The remuneration of the Board of Directors and Board of Commissioners refers to the decision of the shareholders
as stipulated in the GMS by taking into account the results of the study conducted by the Company. The results of
the study are proposed by the Board of Commissioners to be submitted to the Shareholders. Article 96 paragraph
(1) of Law No. 40 of 2007 concerning Limited Liability Companies which regulates the amount of salaries and
allowances of the Board of Directors is determined by resolution of the GMS. Based on Article 96 paragraph (2),
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the authority can be delegated to the Board of Commissioners. The following are aspects of the review of the
determination of the remuneration of the Board of Commissioners and the Board of Directors.
Financial performance
Applicable regulations/
and achievement of Consideration of the
Individual work laws, as well as fairness
the Company’s Key Company’s long-term goals
achievement. with other industries/
Performance Indicators and strategies.
companies.
(KPI).
The Board of Commissioners determines the basis for determining remuneration for the Board of Directors based
on the balance scorecard method using predetermined parameters.
The performance assessment of the Board of Directors in 2024 was carried out based on the balance scorecard
method using the following parameters:
1. Achievement of performance in accordance with the Company’s Work Plan and Budget (RKAP), which includes
the achievement of target financial figures such as financing volume, profitability, joint financing, cost efficiency
ratio, cost of credit and non-performing financing receivables.
2. Refinement and development of financing business processes, including credit processes, operational
processes, marketing processes, and collection processes.
3. Expansion of business network and enhancement of alliance cooperation.
4. Strategic engagement with the group and development of cooperation with dealers and showrooms.
5. Human resource development and corporate branding enhancement.
Transparency of the Remuneration of the Boards of Commissioners and
Directors in 2024
Throughout 2024, the Company has calculated the remuneration for the Board of Commissioners and Directors as
follows:
Position
Remuneration
Components Board of Commissioners Board of Directors
(4 Positions/Titles) (Rp) (3 Posisi/Jabatan) (Rp)
Salary/Honorarium 2.529.150.032 6.070.752.000
Allowance 2.601.588.082 9.389.953.314
Health Insurance 165.076.029 203.503.400
Social Security - 254.764.003
Bonus/Tantiem (Performance Incentive) 2.992.500.000 9.450.000.000
Holiday Bonus 153.963.333 557.118.443
Based on the data on the components of remuneration received by the Board of Commissioners and the Board
of Directors, the following calculation of nominal remuneration based on position is as follows:
Subject Total (Rp)
Total Remuneration of the Board of Commissioners 8.442.277.476
Total Remuneration of the Board of Directors 25.926.091.160
Total Remuneration of the Board of Commissioners and Board of Directors in 2024 34.368.368.637
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Information on Salary Ratio
The salary compared in the salary ratio is the compensation received by members of the Board of Directors, Board
of Commissioners and employees in the last month of the reporting year. The ratio of the highest and lowest sala-
ries, in the following comparative scale:
1. Ratio of highest and lowest employee salaries;
2. Ratio of the highest and lowest salaries of members of the Board of Directors;
3. Ratio of the highest and lowest salaries of members of the Board of Commissioners; and
4. Ratio of the highest salary of members of the Board of Directors and the highest salary of employees.
Information regarding the salary ratio of the Board of Commissioners, Board of Directors, and Employees of the
Company is as follows:
Comparison 2024 2023 2022
Ratio of highest and lowest salaries of the Board of Directors 1:1,18 1:1,18 1:1,18
Ratio of highest and lowest salaries of the Board of Commissioner 1:1,69 1:1,36 1:1,36
Ratio of highest salary of members of the Board of Directors and
1:1,32 1:1,27 1:1,27
highest salary of employees
Ratio of highest and lowest employee salaries 1:64,37 1:64,37 1:64,75
BOARD OF COMMISSIONERS
AND DIRECTORS MEETINGS
Board of Commissioners Meeting
The Board of Commissioners Charter organizes meetings at least once every 2 (two) months, in which the Board
of Commissioners may invite the Board of Directors. The Board of Commissioners may hold a meeting at any
time at the request of 1 (one) or several members of the Board of Commissioners, at the request of the Board
of Directors, or at the written request of 1 (one) or several Shareholders by stating the matters to be discussed.
In 2024, the Board of Commissioners held Internal Meetings of the Board of Commissioners 6 times. The following
are the agendas and minutes of meetings, attendance, and recapitulation of the level of attendance of the Board
of Commissioners in these meetings.
Recapitulation of Attendance of the Board of Commissioners at Internal Meetings of the Board of Commissioners
Number of Total
Board of Commissioners Position Mandatory Attendance (%)
Meetings Attendance
Rico Adisurja Setiawan President Commissioner 6 6 100%
Totok Priyambodo 1)
Commissioner 1 1 100%
Saptari2) Commissioner 3 3 100%
Fendy Eventius Mugni3) Independent Commissioner 6 6 100%
Subarna 4)
Independent Commissioner 1 1 100%
Average 100%
1)
Dismissed at the GMS on 5 June 2024
2)
Took office on 28 June 2024 after the decision of the fit and proper test results by OJK.
3)
Taking office on 8 December 2023 after the decision on the results of the fit and proper test by OJK
4)
Effective upon obtaining approval from the Financial Services Authority (OJK) for the fit and proper test.
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Minutes of Internal Meetings of the Board of Commissioners and Attendance of the Board of Commissioners
Reason of
Meeting the Board of
Place & Date Meeting Agenda Commissioners’
Participants Absence
Online Meeting, 24 Additional Credit Facilities from Bank BCA, Bank BTN, Board of -
January 2024 Bank DKI, Bank Panin, JP Morgan Jakarta and PT Sarana Commissioners
Multigriya Finansial.
Online Meeting, 28 Funding Source Plan 2024 Board of -
March 2024 Commissioners
Online Meeting, 30 May Discussion of MTF Negative News Update Board of
2024 Commissioners
BOD Meeting Room 3A • Updates of Implementation of Corporate Compliance in Board of -
Floor, 25 July 2024 the 2024 SI Decom Meeting Commissioners
• 2024 Funding Source Plan (Treasury)
• Complaint & Negative News Service Updates
BOD Meeting Room 3A • 2024 Funding Source Plan (Bank Danamon & Bank Panin Board of -
Floor, 27 September Loan Facilities, and Mandiri) Commissioners
2024 • Realization of Assets Transfer and Guarantee
BOD Meeting Room 3A MTF Performance October 2024 Board of -
Floor, 28 November 2024 Commissioners
Recapitulation of the Attendance of the Board of Commissioners at the GMS
Number of
Total
Board of Commissioners Position Mandatory
Attendance
Attendance (%)
Meetings
Rico Adisurja Setiawan President Commissioner 3 3 100%
Totok Priyambodo 1
Commissioner 0 0 100%
Saptari2 Commissioner 1 1 100%
Fendy Eventius Mugni3 Independent Commissioner 3 3 100%
Subarna 4
Independent Commissioner 0 0 100%
Average 100%
1
) Dismissed at the GMS on 5 June 2024
2
) Took office on 28 June 2024 after the decision of the fit and proper test results by OJK.
3
) Started to take office on 8 December 2023 after the decision on the results of the fit and proper test by OJK
4
) Effective upon obtaining approval from the Financial Services Authority (OJK) for a fit and proper test.
Board of Directors Meeting
The Board of Directors meets internally at least once a month with the monthly agenda prepared by the Corporate
Secretary. The Board of Directors meeting is chaired by the President Director and in the event that the President
Director is unable to attend or absent, which does not need to be proven to a third party, the Board of Directors
meeting is chaired by a member of the Board of Directors elected by and from among the members of the Board
of Directors present.
The decision-making mechanism of meetings held by the Board of Directors refers to the Board Manual. Decisions
of the Board of Directors meetings are made based on deliberation for consensus. In the event that deliberation
for consensus is not reached, decisions are made based on majority voting. The Board of Directors meetings
consist of internal meetings and meetings by inviting the Board of Directors to discuss various aspects of the
Company’s operations and financial management.
Throughout 2024, the Board of Directors held meetings 48 times. The following are the agendas and minutes of
meetings, attendance, and recapitulation of the level of attendance of the Board of Directors in these meetings.
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Recapitulation of Board of Directors Attendance at Board of Directors Meetings
Number of
Total
Board of Directors Position Mandatory
Attendance
Attendance (%)
Meetings
Pinohadi G. Sumardi President Director 48 48 100%
R. Eryawan Nurhariadi Director 48 47 98%
William Francis Indra Director 48 46 96%
Average 48 47 98%
Minutes of Meeting and Attendance of the Board of Directors
Meeting Reason of
Place & Date Meeting Agenda
Participants Absence
BOD General Discussion
Jakarta, 10 January
2024 Update on MTF Internal Trip 2024 Proposal
All Directors -
MTF Head Office Update on 2024 National Meeting Preparation and MTF’s 15th Anniversary
Discussion related to Jonfis Canalis Bank Mandiri - MTF Data Migration
BOD General Discussion
Jakarta, 15 January
2024 Bank Mandiri Audit Discussion
All Directors -
MTF Head Office Update on MTF 2024 Internal Target
EPD Amount Target Discussion
Jakarta, 22 BOD General Discussion All Directors -
January 2024
MTF Head Office January 2024 Asset & Liability Committee (ALCO) Discussion
BOD General Discussion
Jakarta, 29 Update on Customer Behavior Research 2023 All Directors -
January 2024
MTF Head Office Discussion of Satellite Opening Submission and Evaluation
Discussion of Working Group on PDP Law Implementation
BOD General Discussion
Jakarta, 5 February
2024 Discussion of DIP 2023 Booster Program Evaluation and DIP 2024 Exposure All Directors -
MTF Head Office
Update on IIMS 2024
BOD General Discussion
Discussion of the Proposal for the Preparation of the 2024 Election BCP
Jakarta, 12
Discussion of Allocation of Withdrawal Fees and Fines to Customers
February 2024 All Directors -
MTF Head Office Update on Preparation for Presentation of PDP Law Implementation to Bank
Mandiri
Update on the Preparation of Rakernas and MTF 15th Anniversary
BOD General Discussion
Discussion of Management Meeting with Pefindo (Annual Rating of the
Company)
Jakarta, 26 Discussion of Asset & Liability Committee (ALCO) February 2024 and
February 2024 Effective Rate Increase All Directors -
MTF Head Office
Discussion on NIM Improvement Strategy
Discussion of Program & Budget for CAR, SAR, and RAS in 2024
Update Discussion on Terms & Conditions of DIP Booster Program
Jakarta, 4 March
2024 BOD General Discussion All Directors -
MTF Head Office
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Meeting Reason of
Place & Date Meeting Agenda
Participants Absence
BOD General Discussion
Jakarta, 13 March
2024 Discussion of Used Car Project All Directors -
MTF Head Office
Update on Progress of Internal Trip Preparation 2024
Jakarta, 18 March BOD General Discussion
2024 All Directors -
MTF Head Office Q4-2023 Board Forum Follow-up Discussion
BOD General Discussion
Jakarta, 25 March
2024 Discussion of Asset & Liability Committee (ALCO) March 2024 All Directors -
MTF Head Office
Maturity Distribution Discussion
BOD General Discussion
Jakarta, 1 April Update on Oracle Accountng Progress
2024 All Directors -
MTF Head Office Entrepreneur Review Discussion
Discussion on SLIK Report Confirmation Request
Jakarta, 16 April
2024
BOD General Discussion All Directors -
MTF Head Office
Jakarta, 22 April BOD General Discussion
2024
All Directors -
MTF Head Office Discussion of Withdrawal Fees
BOD General Discussion
Jakarta, 29 April Discussion of Asset & Liability Committee (ALCO) April 2024
2024 All Directors -
MTF Head Office Discussion of Proposed Risk Appetite Statement (RAS) Threshold for 2024
Update Used Car
Jakarta, 6 May BOD General Discussion
2024 All Directors -
MTF Head Office Update on Pre-Exit Results of Audit OJK Follow-up Meeting
BOD General Discussion
Jakarta, 13 May Update on Bank Mandiri Audit Results
2024 All Directors -
MTF Head Office Update on 2024 Internal Trip Preparation Progress
Update on Top 5 Constraints and Multipurpose Proposals
Jakarta, 20 May
2024 Asset & Liability Committee (ALCO) Discussion May 2024 All Directors -
MTF Head Office
Jakarta, 27 May BOD General Discussion
2024 All Directors -
MTF Head Office Update on Follow-Up of OJK Audit Improvements Due in July 2024
BOD General Discussion
Jakarta, 3 June
2024 Discussion of External Auditor’s Management Letter All Directors -
MTF Head Office
Update on the proposed Star of the Year Vol. 2 Year 2023
BOD General Discussion
Jakarta, 11 June
2024 Discussion of SLIK and SILARAS Data Discrepancies for Reporting to OJK All Directors -
MTF Head Office
EPD Discussion
Jakarta, 19 June
2024 BOD General Discussion All Directors -
MTF Head Office
BOD General Discussion
Jakarta, 24 June
2024 Asset & Liability Committee (ALCO) Discussion June 2024 All Directors -
MTF Head Office
Discussion on December 2024 Prognosis
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Meeting Reason of
Place & Date Meeting Agenda
Participants Absence
Jakarta, 2 July BOD General Discussion
Board of
2024 Business Trip
Pembahasan Persiapan GIIAS 2024 Directors
MTF Head Office
BOD General Discussion
Discussion on the Progress of Follow-Up on the Improvement of OJK Audit
Jakarta, 8 July Results Board of
2024 Leave
Discussion of External Auditor Management Letter Directors
MTF Head Office
Discussion on Submission of Audit Results of Matraman Branch and Corp.
Fleet 2
Jakarta, 16 July
2024 BOD General Discussion All Directors -
MTF Head Office
Jakarta, 22 July BOD General Discussion
2024
Progress Update on Fulfillment of OJK Audit Follow-up Results All Directors -
MTF Head Office
Discussion on Submission of Audit Results of MTF Rantauprapat Branch
Jakarta, 29 July BOD General Discussion
2024
Discussion of Asset & Liability Committee (ALCO) July 2024 All Directors -
MTF Head Office
Discussion of Corporate Planning for Bank Mandiri’s Subsidiaries 2025–2029
Jakarta, 5 August
2024 BOD General Discussion All Directors -
MTF Head Office
BOD General Discussion
Jakarta, 12 August
2024 Update on Livin’ New Autoloan All Directors -
MTF Head Office
Discussion of Company KPI and Division KPI Achievements
BOD General Discussion
Jakarta, 19 August
2024 Discussion of 2024 MTF Golf Tournament All Directors -
MTF Head Office
Discussion of Asset & Liability Committee (ALCO) August 2024
BOD General Discussion
Jakarta, 26 August
Discussion on Finalizing the Implementation of Training for Captive Club
2024 All Directors -
Elites
MTF Head Office
Discussion on Centralization of ACM and Credit Head
Jakarta, 2
Board of
September 2024 BOD General Discussion Business Trip
Directors
MTF Head Office
BOD General Discussion All Directors -
Jakarta, 9 Discussion on Preparation of 2025 Target & Strategy
September 2024
MTF Head Office Analysis - ESG Performance Implementation
Golf Tournament Update
BOD General Discussion
Discussion of Coal Sector Provisions
Jakarta, 17
September 2024 Discussion on Building Resilience & Improving Preparedness: Kick-off All Directors -
MTF Head Office Business Continuity Management (BCM) for Business Sustainability
Achievement of DIP for August 2024 Period and Effectiveness of Payment
Channel in Receiving Installment & Fines
Jakarta, 23 BOD General Discussion
September 2024 All Directors -
MTF Head Office Asset & Liability Committee (ALCO) Discussion September 2024
Jakarta, 30 BOD General Discussion
September 2024 All Directors -
MTF Head Office Update on OJK Settlement Follow-up Progress
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Meeting Reason of
Place & Date Meeting Agenda
Participants Absence
BOD General Discussion
Update on Bank Mandiri Management Direction regarding PDP
Update on OJK Settlement Follow-up Progress
Jakarta, 7 October Discussion of Proposed Non-Amortization Provision
2024 All Directors -
MTF Head Office Discussion of Progress & Action Plan for Handling the Legal Case of PT
Maxindo and NBM at the Criminal Investigation Unit of the National Police
Headquarters
Update on Retail Captive Progress & Corporate Fleet Financing Potential in
2024
Jakarta, 21 October
2024 BOD General Discussion All Directors -
MTF Head Office
Jakarta, 28 October BOD General Discussion
2024 All Directors -
MTF Head Office Asset & Liability Committee (ALCO) Discussion October 2024
BOD General Discussion
Debitur Existing
Jakarta, 4 Debtor Approval Consent Request Strategy to Existing Debtors
November 2024
Organizational Structure Adjustment Plan based on POJK Anti-Fraud All Directors -
MTF Head Office
Strategy
Business Entity RAC Changes
BM Regional 6 WMP Review
Jakarta, 11 BOD General Discussion
November 2024 All Directors -
MTF Head Office Discussion of Proposed ACPC Implementation
Jakarta, 18
November 2024 BOD General Discussion All Directors -
MTF Head Office
BOD General Discussion
Update on ACPC 2025
Jakarta, 2
December 2024 Discussion of Centralization of ACM and Credit Head All Directors -
MTF Head Office
Discussion of EPD 2025 Calculation
Discussion of Business Entity RAC
BOD General Discussion
Jakarta, 9
December 2024 Discussion of Special Debtor Acceleration Program in December 2024 All Directors -
MTF Head Office
Discussion of Improvement Follow-Up on OJK Audit Results
Jakarta, 16 BOD General Discussion
December 2024
Integrated Governance Committee Material Presentation All Directors -
MTF Head Office
Update on Network Development & Branch Class
Jakarta, 23 BOD General Discussion
December 2024
Update on 2025 National Meeting Preparation & MTF 16th Anniversary All Directors -
MTF Head Office
Discussion of Organization Adjustment & Management of Corporate Fleet
Jakarta, 30 BOD General Discussion
December 2024
Discussion of Opening Limit for Coal Sector Debtor PT Mitra Indah Lestari All Directors -
MTF Head Office
Discussion of Significant Fraud and Anti-Fraud Development
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Recapitulation of the Board of Directors Attendance at the GMS
Number of Total
Board of Directors Position
Mandatory Meetings Attendance
Attendance (%)
Pinohadi G. Sumardi President Director 3 3 100%
R. Eryawan Nurhariadi Director 3 3 100%
William Francis Indra Director 3 3 100%
Joint Meeting of the Board of Commissioners and Board of Directors
The joint meeting is a form of coordination in order to discuss the periodic reports of the Board of Directors and
provide responses, notes and advice as outlined in the minutes of the meeting. Meeting decisions are made based
on the principle of deliberation for consensus or taken based on a majority vote and are binding for follow-up. Joint
meetings between the Board of Commissioners and the Board of Directors are conducted at least once every four
months or at any time when necessary. Minutes of the meeting will be prepared by the Corporate Secretary after
the meeting and signed by all members of the Board of Directors and Board of Commissioners who attended the
meeting.
Throughout 2024, joint meetings between the Board of Commissioners and the Board of Directors were held 8
(Eight) times. The following are the agendas and minutes of meetings, attendance, as well as a recapitulation of the
attendance level of the Board of Commissioners and Board of Directors in these meetings.
Number of
Total
Name Position Mandatory
Attendance
Attendance (%)
Meetings
Rico Adisurja Setiawan President Commissioner 8 8 100%
Totok Priyambodo1) Commissioner 1 1 100%
Saptari2) Commissioner 4 3 75%
Fendy Eventius Mugni 3)
Independent Commissioner 8 8 100%
Subarna4) Independent Commissioner 2 2 100%
Pinohadi G. Sumardi President Director 8 8 100%
R. Eryawan Nurhariadi Director 8 7 87,50%
William Francis Indra Director 8 8 100%
Average 95,31%
1)
Dismissed at the GMS on 5 June 2024
2)
Took office on 28 June 2024 after the decision of the fit and proper test results by OJK.
3)
Started to take office on 8 December 2023 after the decision on the results of the fit and proper test by OJK
4)
Effective upon obtaining approval from the Financial Services Authority (OJK) for a fit and proper test).
Minutes of the Joint Meeting of the Board of Commissioners and Board of Directors
Reason of the
Place & Date Meeting Agenda Meeting Participants Board of Commissioners’
Absence
Online Meeting, 24 MTF Performance Update Board of Commissioners -
January 2024 and Board of Directors
Online Meeting, 28 March Company Performance February 2024 Board of Commissioners -
2024 and Board of Directors
BOD Meeting Room 3A MTF Performance for April 2024 Board of Commissioners
Floor, 30 May 2024 and Board of Directors
Room Meeting BOD 3A • Update Progress Tindak Lanjut Board of Commissioners -
Floor, 25 July 2024 • Update Performance MTF and Board of Directors
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Reason of the
Place & Date Meeting Agenda Meeting Participants Board of Commissioners’
Absence
Room Meeting BOD 3A MTF Performance August 2024 Period. Board of Commissioners -
Floor, 27 September 2024 and Board of Directors
Room Meeting BOD 3A • MTF Performance September 2024 Board of Commissioners -
Floor, 23 October 2024 Period. and Board of Directors
• MTF Prognosis December 2024
BOD Meeting Room 3A 2024 Funding Source Plan & Loan Board of Commissioners
Floor, 28 November 2024 Realization and Transfer of Assets and Board of Directors
Online Meeting, 27 • Submission of Additional 10 Trillion JF Board of Commissioners 1 Commissioner and 1
December 2024 Facility and Directors Director were absent due to
• MTF Performance November 2024 out-of-town business trip.
DISCLOSURE OF AFFILIATION BETWEEN BOARD OF
DIRECTORS, BOARD OF COMMISSIONERS AND
MAJOR AND/OR CONTROLLING SHAREHOLDERS
Shareholders are legal entities that legally own the Company’s shares. The majority shareholder of the Company
is PT Bank Mandiri (Persero) Tbk which owns 51.00% of the Company’s shares. Meanwhile, PT Tunas Ridean owns
49.00% of the Company’s shares. These two Shareholders act as the Controlling Shareholders of the Company.
Disclosure of Affiliated Relationships Between Board of Directors, Board of Commissioners, and Major/Controlling
Shareholders Major/Controlling Shareholders, Board of Commissioners, and Board of Directors respect each
other’s duties, responsibilities, and authority in accordance with laws and regulations and the Articles of
Association. The Company’s Board of Commissioners and Board of Directors have a charter and manual that
include, among others, their respective responsibilities, obligations, authority, and rights.
In accordance with the Company’s Articles of Association, among members of the Board of Commissioners and
between members of the Board of Commissioners and members of the Board of Directors, there is no family
relationship by blood up to the third degree, either in a straight line or sideways line or by consanguinity. The family
relationships of members of the Board of Commissioners with fellow members of the Board of Commissioners
and/or members of the Board of Directors and Majority/Controlling Shareholders can be seen in the table below.
210 PT Mandiri Tunas Finance
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Affiliate Relationship
Name Position
Board of
Board of Directors Shareholders
Commissioners
Board of Commissioners
Rico Adisurja Setiawan President Commissioner x x v
Totok Priyambodo 1)
Commissioner x x v
Saptari2) Commissioner x x v
Fendy Eventius Mugni3) Independent Commissioner x x x
Subarna 4)
Independent Commissioner x x x
Board of Directors
Pinohadi G. Sumardi President Director x x x
R. Eryawan Nurhariadi Director x x x
William Francis Indra Director x x x
1)
Dismissed at the GMS on 5 June 2024
2)
Took office on 28 June 2024 after the decision of the fit and proper test results by OJK.
3)
Started to take office on 8 December 2023 after the decision on the results of the fit and proper test by OJK
4)
Effective upon approval by the Financial Services Authority (OJK) of the fit and proper test.
DISCLOSURE OF CONCURRENT POSITIONS OF
BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS
In accordance with the provisions of OJK Regulation No. concerning Board of Directors and Board of Commissioners of
30/POJK.05/2014 as amended by OJK Regulation No. 29/ Issuers or Public Companies which, among others, regulates
POJK.05/2020 concerning Good Corporate Governance for as follows:
Finance Companies, concurrent positions of members of the 1. Members of the Board of Commissioners may hold
Board of Commissioners is regulated as follows: concurrent positions as:
1. Members of the Board of Commissioners are prohibited a. members of the Board of Directors at a maximum of 2
from holding concurrent positions as members of the (two) issuers or other public companies; and
Board of Commissioners in more than 3 other Financing b. members of the Board of Commissioners at a
Companies; maximum of 2 (two) issuers or other public companies.
2. It does not include concurrent positions if: 2. In the event that a member of the Board of Commissioners
a. a non-independent member of the Board of does not concurrently serve as a member of the Board
Commissioners performs functional duties of a of Directors, the maximum number of members of the
shareholder of a finance company in the form of a Board of Commissioners in 4 (four) issuers or other public
legal entity in its business group; and/or companies;
b. members of the Board of Commissioners hold 3. A member of the Board of Commissioners may
positions in non-profit organizations or institutions. concurrently serve as a member of at most 5 (five)
As long as the person concerned does not neglect committees in an issuer or public company where they
the implementation of duties and responsibilities as a also serve as a member of the Board of Directors or a
member of the Board of Commissioners of a Financing member of the Board of Commissioners;
Company. 4. In the event that there are other laws and regulations that
regulate provisions regarding concurrent positions that
In addition, as an issuer company, members of the Board of are different from the provisions in this OJK Regulation,
Commissioners also apply provisions regarding concurrent the provisions that regulate more strictly shall apply.
positions regulated in OJK Regulation No. 33/POJK.04/2014 Likewise with members of the Board of Directors, regarding
PT Mandiri Tunas Finance
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concurrent positions of members of the Board of Directors (three) issuers or other public companies; and/or
of the Company, among others, are regulated in OJK c. committee member on a maximum of 5 (five)
Regulation No. 30/POJK.05/2014 concerning Good Corporate committees in issuers or public companies where
Governance for Financing Companies and OJK Regulation the person concerned also serves as a member of
No. 33/POJK.04/2014 concerning Board of Directors and the Board of Directors or a member of the Board of
Board of Commissioners of Issuers or Public Companies. Commissioners.
In accordance with Article 9 of OJK Regulation No. 30/ 2. Concurrent positions can only be held to the extent that
POJK.05/2014 on Good Corporate Governance for Financing they do not conflict with other laws and regulations;
Companies, members of the Board of Directors of a Financing 3. In the event that there are other laws and regulations
Company are prohibited from holding concurrent positions governing the provisions regarding concurrent positions
except as members of the Board of Commissioners at a that are different from the provisions of this OJK
maximum of 3 (three) other financing companies. It does Regulation, the stricter provisions shall apply.
not include concurrent positions if a member of the Board
of Directors is responsible for supervising the investment The concurrent positions as intended can only be carried
in a subsidiary that has a business in the financing sector, out to the extent that they do not conflict with other laws
carrying out functional duties as a member of the Board of and regulations. In the event that there are other laws and
Commissioners in a subsidiary controlled by the Company, as regulations that regulate provisions regarding concurrent
long as the concurrent position does not result in the person positions that are different from the provisions in this OJK
concerned neglecting the implementation of duties and Regulation, the provisions that regulate more strictly shall
authorities as a member of the Company’s Board of Directors. apply.
In accordance with Article 6 of OJK Regulation No. 33/ Based on the data we have up to the date of issuance of this
POJK.04/2014 concerning the Board of Directors and Board Annual Report, all members of the Board of Commissioners
of Commissioners of Issuers or Public Companies, the and members of the Board of Directors still fulfill the
provisions for concurrent positions of members of the Board provisions of concurrent positions as stipulated in POJK No.
of Directors are regulated as follows:: 30/POJK.05/2014, POJK No. 29/POJK.05/2020, and POJK
1. Members of the Board of Directors may hold concurrent No. 33/POJK.04/2014.
positions as:
a. member of the Board of Directors at most in 1 (one) The following is the transparency of concurrent positions
issuer or other public company; held by the Company’s Board of Commissioners and Board of
b. members of the Board of Commissioners in at most 3 Directors as of 31 December 2024.
Management in Other Companies
Name Position
As Member Board of As Member of the
Other Positions
Commissioners Board of Directors
Board of Commissioners
Rico Adisurja Setiawan President Commissioner v v x
Totok Priyambodo 1)
Commissioner x x v
Saptari2)
Commissioner x x v
Fendy Eventius Mugni 3)
Independent Commissioner x x x
Subarna4) Independent Commissioner x x x
Board of Directors
Pinohadi G. Sumardi President Director x x x
R. Eryawan Nurhariadi Director x x x
William Francis Indra Director x x x
1)
Dismissed at the GMS on 5 June 2024
2)
Took office on 28 June 2024 after the decision of the fit and proper test results by OJK.
3)
Started to take office on 8 December 2023 after the decision on the results of the fit and proper test by OJK
4)
Effective upon approval by the Financial Services Authority (OJK) of the fit and proper test.
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The President Commissioner, Rico Adisurja Setiawan, has the following concurrent positions:
• 2015 - Present : President Commissioner of PT Asia Surya Perkasa
• 2013 – Present : President Commissioner of PT Tunas Dwipa Matra
• 2010 – Present : President Director of PT Tunas Ridean Tbk
Commissioner Totok Priyambodo has the following concurrent positions:
• 2020 – 2024 : Senior Executive Vice President Commercial Banking PT Bank Mandiri (Persero) Tbk
Commissioner Saptari has the following concurrent positions:
• 2024 – Present : Senior Executive Vice President Micro & Consumer Finance of PT Bank Mandiri (Persero) Tbk
DISCLOSURE OF SHARE OWNERSHIP OF THE
BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS
The share ownership of members of the Board of Commissioners and Board of Directors of the Company
and other companies is always disclosed periodically through the list of share ownership of members
of the Boards of Commissioners and Directors. All members of the Board of Commissioners and Board
of Directors are required to submit disclosure of purchase and sale of securities transactions to OJK no
later than 10 days after the transaction occurs. The following is a transparency of the Company’s share
ownership by the Board of Commissioners and Directors, and share ownership of other companies above
5% by the Board of Commissioners and Directors of the Company that may lead to potential conflicts of
interest in decision-making.
Share Ownership of the Board of Commissioners and Board of Directors as of 31 December 2024
Share Ownership
Name Position
Mandiri Tunas Finance Other Companies >5%
Board of Commissioners
Rico Adisurja Setiawan President Commissioner x x
Totok Priyambodo1) Commissioner x x
Saptari 2)
Commissioner x x
Fendy Eventius Mugni 3)
Independent Commissioner x x
Subarna 4)
Independent Commissioner x x
Board of Directors
Pinohadi G. Sumardi President Director x x
R. Eryawan Nurhariadi Director x x
William Francis Indra Director x x
1)
Dismissed at the GMS on 5 June 2024
2)
Took office on 28 June 2024 after the decision of the fit and proper test results by OJK.
3)
Started to take office on 8 December 2023 after the decision on the results of the fit and proper test by OJK
4)
Effective upon approval by the Financial Services Authority (OJK) of the fit and proper test.
The Company does not have a share ownership program or policy for either management or employees. The
Company also does not trade its shares on any stock exchange. Therefore, there are no shares of the Company
owned by management or employees.
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SUPPORTING ORGANS OF THE
BOARD OF COMMISSIONERS
BOARD OF COMMISSIONERS
Nomination &
Remuneration Risk Monitoring
Audit Committee
Commissioner Committee
In carrying out its supervisory duties, the Board of Commissioners is assisted by 3 (three) committees, namely
the Audit Committee, Nomination and Remuneration Committee, and Risk Monitoring Committee.
AUDIT COMMITTEE
The Audit Committee was established by the Board of 1. Improving the quality of financial reports.
Commissioners to assist in the supervision of the Board 2. Ensuring the effectiveness of the internal control
of Directors in managing the Company in accordance system that can reduce the opportunity for
with the principles of Good Corporate Governance. irregularities in the management of the company.
The Audit Committee can provide opinions and 3. Supervising the qualifications and independence of
support to the Board of Commissioners in fulfilling its the internal and external audit functions to improve
responsibilities including supervision of the financial the performance and effectiveness of the internal
reporting system and process, the audit process of and external audit functions.
the Company’s financial statements, evaluation of 4. Identifying matters that require the attention of the
the implementation of internal control. This includes, Board of Commissioners, including the Company’s
monitoring and evaluating the implementation of compliance with applicable laws and regulations.
the duties of the Internal Audit Unit, monitoring and
evaluating the company’s compliance with laws in Audit Committee Member Criteria
the field of Financing and regulations of the Financial Audit Committee members must understand the
Services Authority. Company’s business activities and have high integrity,
have the ability, knowledge, experience in accordance
All members of the Audit Committee are appointed with their field of work, and be able to communicate
and dismissed by the Board of Commissioners and well. Audit Committee members must also
reported to the shareholders. The Audit Committee understand financial statements, audit processes,
is formed in accordance with OJK Regulation risk management, and have adequate knowledge of
No. 55/POJK.04/2015 on the Establishment and capital market laws and regulations as well as other
Implementation of the Audit Committee. related laws and regulations.
In general, the Audit Committee is formed with the aim The criteria for becoming a member of the Audit
of safeguarding and securing the Company’s business Committee of the Company refer to Article 7 of the
activities in carrying out oversight functions, especially Financial Services Authority Regulation Number
in improving the quality of financial statements, the 55/POJK.04/2025 concerning the Establishment
effectiveness of internal control over the management and Guidelines for the Implementation of the Audit
of the company, and compliance with applicable laws Committee as follows:
and regulations, especially in terms of:
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1. Must possess high integrity, competence, knowledge, members of the Board of Commissioners, members
and experience relevant to their field of work, as well of the Board of Directors, or Major Shareholders of
as the ability to communicate effectively; the Issuer or Public Company; and
2. Must understand financial statements, the 10. Not have any direct or indirect business relationships
company’s business operations, particularly those related to the business activities of the Issuer or
related to the services or business activities of the Public Company.
Issuer or Public Company, audit processes, risk
management, and regulations in the capital market Term of Services
sector, as well as other relevant regulations; Membership of the Audit Committee is appointed
3. Must comply with the Audit Committee Code of and dismissed by the Board of Commissioners, with
Ethics established by the Issuer or Public Company; a term of office that does not exceed the term of
4. Must be willing to continuously enhance their office of the Board of Commissioners as stipulated
competencies through education and training; in the Articles of Association and can be re-elected
5. Must have at least 1 (one) member with an educational only for the next 1 (one) period. The Chairman of the
background and expertise in accounting and finance; Audit Committee has the right to propose replacement
6. Not be an insider of a Public Accounting Firm, Law candidates, honorarium, and allowances for members
Firm, Public Appraisal Firm, or any other party of the Audit Committee if one of the members of the
providing assurance services, non-assurance Audit Committee’s term of office ends, is gradually/not
services, appraisal services, and/or other consulting simultaneously replaced/not, resigns, or is dismissed.
services to the Issuer or Public Company in question
within the past 6 (six) months; Composition and Structure of Audit Committee
7. Not be an individual who works or has authority Members in 2024
and responsibility for planning, leading, controlling, The Audit Committee membership consists of at
or supervising the activities of the Issuer or Public least 1 (one) Independent Commissioner and 2 (two)
Company within the last 6 (six) months, except for members. The Chairman of the Audit Committee is one
Independent Commissioners; of the audit committee members who is an Independent
8. In the event that a member of the Audit Committee Commissioner of the Company. Audit Committee
acquires shares in the Issuer or Public Company, members are experts who are not employees of the
either directly or indirectly, as a result of a legal Company and have no financial relationship with the
event, such shares must be transferred to another Company. The establishment of the Company’s Audit
party within a maximum period of 6 (six) months Committee is in accordance with OJK Regulation No. 55/
after the acquisition of such shares; POJK.04/2015 on the Establishment and Implementation
9. Does not have an Affiliated Relationship with Guidance of the Audit Committee.
In 2024, the composition of the Audit Committee members is as follows:
Name Position Legal Basis for Appointment Term of Office Tenure
Fendy Eventius Audit Committee Decree of the Board of Commissioners No. KEP. 12 December 2023– 1st
Mugni Chairman/Independent KOM/008/2023 on the Appointment of Audit Committee 12 December 2026
Commissioner Members
Marlan Marthias Member/Independent Decree of the Board of Commissioners No. KEP. 12 December 2023– 1st
Achmad Party KOM/008/2023 Concerning the Determination of Audit 12 December 2026
Committee Members Audit Committee Members
Indra Riyawan Member Decree of the Board of Commissioners No. KEP. 12 December 2023– 1st
KOM/008/2023 Concerning the Determination of Audit 12 December 2026
Committee Members Audit Committee Members
Audit Committee Profile
The profile of the Chairman of the Audit Committee, Fendy Eventius Mugni, can be seen in the Company Profile
chapter in this Annual Report. The profiles of the non-Commissioner Audit Committee members from independent
parties are as follows:
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Indra Riyawan
Audit Committee Membert
Age Citizenship Domicile
47 years old Indonesia Jakarta
Legal Basis for Appointment
Decree of the Board of Commissioners No. KEP.KOM/008/2023
on the Determination of the Composition of Audit
Committee Members
Term of Officea
15 September 2023–15 September 2026
Tenure
2nd (second)
Education History
Bachelor (S1) in Mechanical Engineering from Institut Sains & Teknologi Nasional(2003)
Work Experience
• IT Consultant (2020-Saat ini)
• Administration Control General Manager di PT Tunas Ridean (2017 –2020)
• Administration General Manager di PT Asia Surya Prakasa (2015 - 2017)
• Business Process,Administration & GA Manager di PT Tunas Dwipa Matra (2009 - 2014)
• Logistic Planning & Development Officer di PT Toyota Astra Motor (2000 - 2009).
• IT Consultant (2020–-Present)
• Administration Control General Manager at PT Tunas Ridean (2017–2020)
• Administration General Manager at PT Asia Surya Prakasa (2015–2017)
• Business Process, Administration & GA Manager at PT Tunas Dwipa Matra (2009–2014)
• Logistic Planning & Development Officer at PT Toyota Astra Motor (2000–2009
Concurrent Position
Inside the Company: None
Outside the Company: None
Marlan Marthias Achmad
Audit Committee Member
Age Citizenship Domicile
57 years old Indonesia Jakarta
Legal Basis for Appointment
Decree of the Board of Commissioners No. KEP.KOM/007/2023
on the Appointment of Audit Committee Members
Term of Office
12 December 2023 – 12 December 2026
Tenure
1st (first)
Education History
• Master’s Degree (S2) in Management, Financial Management from Universitas Indonusa Esa Unggul (2005)
• Bachelor’s Degree (S1) in Economics, majoring in Accounting from Sekolah Tinggi Ilmu Ekonomi YAI, Jakarta.
Work Experience
• Vice President of Wholesale Risk Solution PT Bank Mandiri (Persero) Tbk (2022 - 2023)
• Vice President of Risk Management PT Bank Mandiri (Persero) Tbk (2017 - 2022)
• Regional Chief Executive Officer of PT Bank Syariah Mandiri (2015- 2017)
• Credit Risk Taking Unit Level RCEO PT Bank Syariah Mandiri (2015 - 2017)
• Vice President of Consumer Loan PT Bank Mandiri (Persero) Tbk (2014 - 2015)
• Vice President of Audit Manager Retail PT Bank Mandiri (Persero) Tbk (2012 - 2014)
• Vice President of Department Head Operation PT Bank Mandiri (Persero) Tbk (2011 - 2012)
Concurrent Position
Inside the Company: None
Outside the Company: None
216 PT Mandiri Tunas Finance
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Audit Committee Independence
All members of the Audit Committee are professionals and have no relationship with the Company in order
to maintain independence in carrying out their duties and responsibilities. The Audit Committee formed by
the Company has met the criteria of independence, expertise, experience, and integrity. The transparency
of the Audit Committee’s independence is shown in the following table:
Fendy Indra Marlan
Independence Aspect Eventius
Mugni Riyawan Marthias
Has a financial relationship with the Board of Commissioners and Directors x x x
Has a management relationship in the Company or in an affiliated company x x x
Owns shares of the Company x x x
Has a family relationship with members of the Board of Commissioners, members of
x x x
the Board of Directors and fellow committee members
Description: V = yes | X = no
Audit Committee Charter Duties and Responsibilities of the
The Audit Committee Charter was prepared based Audit Committee
on OJK Regulation No. 55/POJK.04/2015 on the The duties and responsibilities of the Audit Committee
Establishment and Guidelines for the Implementation are set out in the Audit Committee Charter which
of the Audit Committee. The Company has prepared is a guideline and work order for members of the
an Audit Committee Charter as a work guideline, Audit Committee in carrying out their duties and
which was approved on 30 July 2020 and has been responsibilities in a professional and independent
updated on 1 December 2023. The Audit Committee manner, as follows:
Charter describes the position, membership, 1. Review financial information that will be issued by
duties, responsibilities, and obligations of the Audit the Company to the public and/or authorities such
Committee and regulates the working relationship as financial statements, projections, and other
between the Audit Committee and the Board of financial information.
Commissioners, Board of Directors, Internal Auditor, 2. Review the implementation of internal and
and External Auditor. external audits.
3. Review the Company’s compliance with laws and
Conflict and Code of Conduct regulations related to the Company’s activities.
The Audit Committee is committed to the principles of 4. Provide an independent opinion in the event of a
Good Corporate Governance, namely, transparency, difference of opinion between management and
accountability, responsibility, independence, and the public accountant on the services provided.
fairness to avoid conflicts of interest. Meanwhile, in 5. Provide recommendations to the Board of
carrying out its duties, the Audit Committee adheres Commissioners regarding the appointment of a
to the professional code of ethics, both related to the public accountant based on independence, scope
expertise of each Audit Committee member and the of assignment, and fees.
Audit Committee professional code of ethics. 6. Provide recommendations on improving the
Company’s internal control system and its
In carrying out its duties, the Company’s Audit implementation.
Committee adheres to the professional code of ethics, 7. Review complaints related to the Company’s
both related to the expertise of each Audit Committee accounting and financial reporting process.
member, as well as the Audit Committee professional 8. Review and provide advice to the Board of
code of ethics. Commissioners regarding potential conflicts of
interest, and;
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
9. Maintain the confidentiality of documents, data, Audit Committee Authority
and information of the Company and only use it for In addition to duties and responsibilities, the Audit
the purpose of carrying out duties. Committee is also given specific authority to support
While conducting its functions, the Audit Committee the implementation of work in accordance with the
carries out tasks related to the duties of the Board of Audit Committee Charter. The authority includes:
Commissioners including: 1. Communicating with the Head of Work Unit and
1. Review financial information that will be issued other parties in PT Mandiri Tunas Finance, as well
by the Company such as financial statements, as the Public Accounting Firm that examines the
projections and other financial information. Company to obtain information, clarification, and
2. Review the implementation of internal and request the necessary documents and reports.
external audits. 2. Requesting inspection reports from internal and
3. Review the Company’s compliance with laws and external auditors, as well as other supervisory/
regulations related to the Company’s activities. examining institutions.
4. Provide recommendations on improving the 3. Requesting Internal Audit and/or external auditors
Company’s internal control system and its to conduct special examinations/investigations, if
implementation. there are strong allegations of fraud, violations of
5. Report to the Board of Commissioners the various law and regulations.
risks faced by the Company and the implementation 4. Accessing records or information about employees,
of risk management by the Board of Directors. funds, assets, and other company resources related
6. Carry out tasks assigned by the Board of to the performance of their duties.
Commissioners within the scope of duties and 5. Performing other authority granted by the Board of
obligations of the Audit Committee. Commissioners.
7. Maintain the confidentiality of documents, data,
and information of the company and only use it for
the purpose of carrying out duties
Division of Duties and Responsibilities
The scope of duties of each member of the Audit Committee is as follow:.
Name Position Description of Duty
Fendy Chairman of the Audit • Review the Company’s compliance with laws and regulations related to the
Eventius Mugni Committee/ Company’s activities.
Independent • Report to the Board of Commissioners the various risks faced by the Company
Commissioner and the implementation of risk management by the Board of Directors.
Indra Riyawan Audit Committee • Review financial information that will be issued by the Company such as
Member financial statements, projections and other financial information.
• Review the implementation of internal and external audits.
Marlan Marthias Audit Committee • Maintain the confidentiality of documents, data, and information of the
Achmad Member Company and only use it for the purpose of carrying out duties.
• Provide recommendations on improving the Company’s internal control system
and its implementation.
Audit Committee Working external auditor is:
Relationship 1. Reviewing the work of the external auditor.
In carrying out its duties and responsibilities, the Audit 2. Discussing audit results with external auditors.
Committee communicates with external auditors, 3. If necessary, the Audit Committee may discuss the
internal auditors, and the Company’s management. audit results with management, external auditors,
The role of the Audit Committee in relation to the and internal auditors.
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05
6. Inviting the Company’s management to attend the
4. Reviewing the performance of the external auditor audit committee meeting if necessary.
to ensure the external auditor’s compliance with
applicable professional standards, including the Audit Committee Report
independence of the external auditor. The Audit Committee is obliged to make a written
report in the implementation of its work to the
The role of the Audit Committee in relation to Internal Board of Commissioners regarding the findings and
Audit is: obstacles faced by the Company. The report referred
1. Receiving and reviewing internal auditor reports. to in terms ofl:
2. Monitoring the follow-up of internal audit results. 1. The Audit Committee reports on any special
3. Requesting internal audit to conduct special/ assignments given by the Board of Commissioners.
specific examinations with permission from the 2. If the Audit Committee finds things that are
Board of Commissioners. expected to disrupt the Company’s activities and
4. Providing input on the content of the Internal are material, the Audit Committee will report it to
Audit Charter. the Board of Commissioners.
5. Coordinating with internal audit and external audit 3. The Audit Committee makes an Annual Report on
so as to achieve comprehensive and optimal audit the implementation of Audit Committee activities
results. to the Board of Commissioners.
6. Reviewing internal audit reports relating to
conflicts of interest, and or illegal acts. Remuneration Policy
The remuneration policy of the Audit Committee
Meanwhile, the role of the Audit Committee in relation follows the policy of PT Bank Mandiri (Persero) Tbk as
to the Company’s Management is: the Majority/Controlling Shareholder of the Company.
1. Evaluating the adequacy of disclosure of material
matters in the Company’s Financial Statements. Audit Committee Competency
2. Assessing the adequacy of the Company’s internal Development
control and risk management policies. The Company includes members of the Audit
3. Assessing the Company’s policies related to Committee to attend education and/or training with
compliance with applicable internal and external the aim of improving the expertise and competence
regulations, code of conduct and conflict of interest. of each member so that it can have a positive impact
4. Ensuring that the Company’s management on productivity and performance effectiveness.
implements follow-up on recommendations from
internal audit and external audit. Throughout 2024, the Company’s Audit Committee
5. Identifying and monitoring issues that require has participated in the following competency
attention from the Board of Commissioners. development programs:
Participant Type/Material of Training Organizer Time & Place
Indra Training Certification in Audite Committee Practices Batch 40 IKAI Jakarta, 20–22 & 27
Riyawan May 24
Training Master Class Risk Governance - QCRO Certification CRMS Jakarta, 15, 16, 17
Jul 24
The Future of Data Analytics in the Financial Industry: OJK Institute Online, 12 Sep 2024
Trends and Innovations
Understanding the Climate Landscape for Financial Institutions OJK Institute Online, 26 Sep 2024
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Participant Type/Material of Training Organizer Time & Place
Marlan Training Certification in Audite Committee Practices Batch 40 IKAI Jakarta, 20-22 & 27
Marthias May 2024
Achmad
The Future of Data Analytics in the Financial Industry: OJK Institute Online, 12 Sep 2024
Trends and Innovations
Understanding the Climate Landscape for Financial Institutions OJK Institute Online, 26 Sep 2024
Carbon Trading and its Effect on Indonesia’s Economy OJK Institute Online, 17 Oct 2024
Irwan Training Master Class Risk Governance - QCRO Certification CRMS Jakarta, 15, 16, 17
Trinugroho Jul 2024
How to Prevent Money Laundering and Terrorism Financing OJK Institute Jakarta, 05 Sep
2024
The Future of Data Analytics in the Financial Industry: Trends and OJK Institute Online, 12 Sep 2024
Innovations
Understanding the Climate Landscape for Financial Institutions OJK Institute Online, 26 Sep 2024
Carbon Trading and its Effect on Indonesia’s Economy OJK Institute Online, 17 Oct 2024
Audit Committee Meeting 3. The Chairman of the Audit Committee may invite the
The Audit Committee policy is to hold regular meetings Board of Commissioners, Board of Directors, Internal
both with internal members and with the Board of Auditor, External Auditor, Shareholder Representative
Commissioners and Directors. Meetings held by the and other necessary parties to attend the meeting.
Audit Committee are: 4. The results of the Audit Committee meeting are set
1. Quarterly Audit Committee Meetings held at least forth in the Minutes of Meeting signed by all members
4 (four) times in 1 (one) year, with a specified of the Audit Committee present and the Minutes of
schedule, and focus on the discussion of Financial Meeting are distributed to all meeting participants
Statements (Balance Sheet and Profit and Loss) for attention and follow-up.
and Quarterly Company Performance. 5. The Audit Committee may attend meetings of the
2. Monthly meetings of the Audit Committee conducted Board of Commissioners or joint meetings of the
once every month if necessary, with a pre-agreed Board of Directors and the Board of Commissioners
meeting agenda. Monthly meetings are not held in when necessary.
the month of the quarterly meeting. The focus of the Throughout 2024, the Audit Committee has held
monthly meeting is on the discussion of the results meetings as many as 8 (Eight) times with the attendance
of the General Internal Audit. list and agenda as follows.
Frequency of Attendance
Number of Total
Name Position
Attendance
Percentage (%)
Mandatory Meetings
Fendy Eventius Mugni Chair 8 7 87,50%
Indra Riyawan Member 8 8 100%
Marlan Marthias Achmad Member 8 8 100%
Audit Committee Meeting Minutes and Attendance
Meeting
Date Agenda Description
Participants
24 January 2 024 • 12023 Audit Results Audit -
• Annual AuditPlan 2024 Committee
• External Audit Plan
220 PT Mandiri Tunas Finance
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Meeting
Date Agenda Description
Participants
28 March 2024 • 1st Semester General Audit Results Audit -
• External Audit Implementation Committee
30 May 2024 • BMRI Audit Result - Information Technology Audit -
• BMRI General Audit Results - Joint Financing Committee
• Final Update on OJK Audit Results 2024
• Update on Results of Board of Directors and Audit Committee Visit
in Region 1
25 July 2024 • Follow-up Direction of Audit Committee Meeting May 2024 Audit -
• Audit Result of IT Application - HC Eazy Committee
• Audit Result of Customer Complaint Service Management
• Investigation Result of Corporate Fleet
• Investigation Results of Cibinong & Bogor
• Working Visit of Board of Commissioners, Board of Directors, and
Audit Committee to Region 5
19 September 2024 KAP Annual Audit Kick-off Meeting - Audit Committee Audit -
Committee
27 September 2024 • Report of Audit Committee Visit to Region 6 Ungaran, Solo Audit -
Multipurpose, Magelang, Yogyakarta Branches Committee
• Information Update, General Audit Results, and Special Audit
Results
November 2024 • Audit Committee Visit Report to Region 8 Balikpapan, Pontianak, Audit -
Samarinda Branches Committee
• Information Update, General Audit Results, and Special Audit
Results
17 December 2024 KAP - Audit Committee Meeting Audit -
Committee
Brief Report on the Implementation internal control system, risk management and
of Duties and Activities of the Audit governance processes. The process of reviewing
Committee in 2024 the implementation of the internal audit function
To meet the provisions of Good Corporate Governance begins with the preparation of an internal audit
implementation within the Company, the work work plan (Annual Audit Plan/AAP) for 2024 which
program that becomes the duties and obligations of is submitted at the Audit Committee meeting.
the Audit Committee in 2024 are:
1. Reviewing the internal control system The Internal audit work plan is prepared based on
Reviewing the design and implementation of the 9 Key Inputs and considers recommendations from
Company’s internal control system by considering the Regulator, Board of Commissioners, Board
the adequacy of controls and the availability of of Directors, and Management for areas to be
internal provisions, one of which is through the audited. In the 2024 work plan there are 25 (twenty
Internal Audit Report. The results of the review five) general, mandatory, and consulting audit
serves as input to the Board of Commissioners subjects that must be examined where the activity
to provide direction to management in preparing is attached to the business unit work process and
and implementing the internal control system and system/application implementation.
carrying out the Company’s operations effectively
and efficiently and taking into account regulatory In addition to the work plan preparation
requirements. process, the Audit Committee also reviews the
2. Reviewing the Internal Audit function implementation of the audit. The Audit Committee
The Audit Committee has reviewed and has carried out all activities that have been
assessed the role and implementation of carried out in 2024, namely:
the Internal Audit function in evaluating the - Reviewing financial information to be issued
design and implementation of the Company’s by the Company, such as financial statements,
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AWAKENING A NEW SPIRIT LEADING THE MARKET
projections, and other financial information. 3. Supervision of the Implementation of
- Reviewing the implementation of audit by External Audit
internal and external audit. The Audit Committee supervises the
- Reviewing the Company’s compliance with implementation of the External Audit, through
laws and regulations related to the Company’s evaluation of the selection process of the
activities. Public Accounting Firm that will be assigned
- Providing recommendations regarding the to audit the annual financial statements,
improvement of the Company’s internal control supervise and review the implementation of
system and its implementation. the audit and review the results of the audit of
- Reporting to the Board of Commissioners financial statements. The Company’s Financial
various risks faced by the Company and the Statements for the year ending on 31 December
implementation of risk management by the 2024 have been audited by the Public Accounting
Board of Directors. Firm Purwantono, Sungkoro & Surja (a member
- Carrying out tasks assigned by the Board of firm of EY Global Limited).
Commissioners within the scope of duties and 4. Review of the presentation of Public Financial
obligations of the Audit Committee. Statements
- Maintaining the confidentiality of the The Audit Committee periodically reviews the
Company’s documents, data, and information, financial statements prior to publication. The
and only use it for the purpose of carrying out review is intended to assess the fairness of the
duties. figures presented.
- Preparing an Annual Report on the 5. Realization of Audit Committee Meetings in
implementation of Audit Committee activities 2024
to the Board of Commissioners. The implementation of Audit Committee Meetings
- Preparing reports on special assignments in 2024 was 8 (eight) times with discussion
given by the Board of Commissioners. materials that can be seen in the Minutes of
- Membuat laporan atas penugasan khusus yang Meetings and Attendance of the Audit Committee
diberikan oleh Dewan Komisaris. section above.
NOMINATION AND REMUNERATION COMMITTEE
Referring to the regulations or provisions of Law No. 40 The existence of the Nomination & Remuneration
of 2007 concerning Limited Liability Companies, the Committee is in accordance with OJK Regulation No. 34/
Board of Commissioners established the Nomination & POJK.04/2014 on the Nomination and Remuneration
Remuneration Committee whose task is to assist the Committee of Issuers or Public Companies.
supervision of the Board of Commissioners in carrying
out the nomination and remuneration functions and to Criteria for Nomination &
supervise and assess the effectiveness of nomination Remuneration Committee Members
and remuneration. Members of the Nomination & Remuneration
Committee must fulfill the ability and experience
Through the Nomination & Remuneration Committee, requirements and independence requirements,
the nomination and remuneration processes of the namely:
Company’s management and other executive organs 1. Have high integrity, objectivity, and ethics.
of the Company can be carried out transparently and 2. Have adequate knowledge including applicable
accountably in accordance with the development of rules and regulations.
the Company’s business and ultimately can increase 3. At least one of the committee members must
the confidence of shareholders and other stakeholders have an educational background and or work
in the management of the Company. experience in the field of nomination, employee
222 PT Mandiri Tunas Finance
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05
remuneration, or human resources . Board of Commissioners may dismiss at any time
4. Able to be independent, namely being able to any member of the Committee who is not a member
carry out tasks professionally without conflict of of the Board of Commissioners, if based on the
interest and influence/pressure from any party. consideration of the Chairman of the Committee
5. Willing to improve competence continuously concerned does not perform his duties properly.
through education and training.
6. Not an insider of a Legal Consultant Firm, Structure and Composition of
Human Resources Consultant Firm, Business Nomination & Remuneration
Development Consultant Firm, or other parties Committee Members in 2024
that provide assurance services, non-assurance The Company has established a Nomination and
services, and/or other consulting services to the Remuneration Committee based on the Decision of
Company within the last 6 (six) months prior to the Company’s Board of Commissioners No. KEP.
being appointed as a committee member by the KOM/01/2014 on the Establishment and Appointment
Board of Commissioners. of the Nomination and Remuneration Committee of
PT Mandiri Tunas Finance dated 26 November 2014
Term of Office which has been amended by the Decision Letter of
Committee members are appointed for a certain term the Company’s Board of Commissioners No. KEP.
of office and may be reappointed. The term of office KOM/02/II/2020 dated 17 February 2020 regarding
of a member of the Board of Commissioners who changes in the membership of the Nomination and
concurrently serves as a member of the Committee Remuneration Committee, last amended by the
is the same as the term of office of their appointment Decree of the Board of Commissioners Number:
as a member of the Board of Commissioners as 003/SKE-DEKOM/MTF/X/2024 dated 21 October
determined by the Company’s Articles of Association 2024 concerning the Determination of Members
or the General Meeting of Shareholders. The term of of the Nomination and Remuneration Committee.
office of Committee members who are not members Throughout 2024, there were changes in the
of the Board of Commissioners may not exceed the composition and structure of the Nomination &
term of office of the Board of Commissioners. The Remuneration Committee.
The composition and structure of the Nomination & Remuneration Committee as of 31 December 2024 is as follows:
Name Position Legal Basis for Appointment Term of Office Tenure
Fendy Eventius Chairman of Nomination and Board of Commissioners Decree Number: 003/SKE-DEKOM/ 21 October 2024 - 1st
Mugni Remuneration Committee/ MTF/X/2024 dated 21 October 2024 on the Determination of 20 October 2027
Independent Commissioner Nomination and Remuneration Committee Members
Saptari Member of Nomination and Board of Commissioners Decree Number: 003/SKE-DEKOM/ 21 October 2024 – 1st
Remuneration Committee/ MTF/X/2024 dated 21 October 2024 on the Determination of 20 October 2027
Commissioner Nomination and Remuneration Committee Membersi
Makah Indra Member of Nomination and Board of Commissioners Decree Number: 003/SKE-DEKOM/ 21 October 2024 – 2nd
Purnomo Remuneration Committee/ MTF/X/2024 dated 21 October 2024 on the Determination of 20 October 2027
Head of Human Capital Nomination and Remuneration Committee Members
Division
Profiles of Nomination & Remuneration Committee Members
The profile of the Chairman of the Nomination & Remuneration Committee Fendy Eventius Mugni and Nomination
& Remuneration Committee Member Saptari can be seen in the Board of Commissioners profile section in the
Company Profile chapter of this Annual Report. The following is the profile of the non-Commissioner members
of the Nomination & Remuneration Committee.
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Makah Indra Purnomo
Member of Nomination & Remuneration Committee
Age Citizenship Domicile
44 years old Indonesia Tegal
Legal Basis for Appointment
Board of Commissioners Decree Number 003/SKE-DEKOM/
MTF/X/2024 on the Determination of Nomination and
Remuneration Committee Members
Term of Office
21 October 2024 – 20 October 2027
Tenure
2nd (second)
Education History
Bachelor’s degree (S1) in Engineering, majoring in Electrical Engineering, from Universitas Islam Sultan Agung (2004)
Work Experience
• Human Capital Division Head PT Mandiri Tunas Finance (2022 - sekarang)
• Regional Division Head PT Mandiri Tunas Finance (2018 - 2022)
• Branch Manager PT Mandiri Tunas Finance (2010 - 2018)
• Branch Head at PT. NSS + NSS Finance (2004 - 2010)
Concurrent Position
Inside the Company : Head of HC Learning Division, PT Mandiri Tunas Finance (2024 - present)
Outside the Company : None
Independence of Nomination & Remuneration to the second degree, either horizontally or
Committee vertically with the Board of Commissioners, Board
All members of the Nomination & Remuneration of Directors, or Major/Controlling Shareholders of
Committee are professional individuals and have no the Company.
relationship with the Company in order to maintain 3. Has no business relationship, either directly or
independence in carrying out their duties and indirectly related to the Company’s business,
responsibilities. The Nomination & Remuneration including not receiving compensation from
Committee established by the Company has met the the Company and its subsidiaries other than
criteria of independence, expertise, experience, and compensation for services received in connection
integrity. The Nomination & Remuneration Committee with duties as a Committee Member.
is also not related to the Board of Directors, Board of 4. Not an employee of the Public Accounting Firm,
Commissioners, or shareholders. The Nomination & Legal Consultant Firm, or other Parties that provide
Remuneration Committee in carrying out its duties audit services, non-audit services, and/or other
is subject to the provisions/laws and regulations consulting services to the Company within the last
applicable in the Company. 6 (six) months before being appointed by the Board
of Commissioners.
In order to act independently, the Company’s 5. Not a person who has the authority and responsibility
Nomination & Remuneration Committee Members, to plan, lead, or control the Company within the last
especially from independent parties, are required to 1 (one) year before being appointed by the Board
fulfill the following independence criteria: of Commissioners, except for Committee Members
1. Does not own shares of the Company, either directly who come from the Board of Commissioners.
or indirectly. In the event that a Committee Member The Nomination & Remuneration Committee of the
acquires shares as a result of a legal event, then Company has no independent members from outside
within a maximum period of 6 (six) months after the Company, except Fendi Eventius Mugni who was
the acquisition of the shares must transfer them to appointed by the Shareholders as an Independent
another party. Commissioner and acts as Chairman of the
2. Has no family relationship by marriage and descent Nomination & Remuneration Committee. All members
224 PT Mandiri Tunas Finance
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05
of the Nomination & Remuneration Committee are or Board of Commissioners.
professionals selected in accordance with OJK 2. Provide recommendations to the Board of
Regulations. Commissioners regarding policies, and criteria
required in the nomination of members of the Board
Nomination & Remuneration of Directors and/or Board of Commissioners.
Committee Charter 3. Provide recommendations to the Board of
The Company has prepared a Nomination & Remuneration Commissioners regarding the names of candidates
Committee charter which was established on 23 August for members of the Board of Directors and/or Board
2022 to support the implementation of its functions and of Commissioners.
roles. The Nomination and Remuneration Committee 4. Review, and propose a succession plan for
Charter, regulates several matters related to: members of the Board of Directors and/or Board of
1. Duties and Responsibilities of the Committee Commissioners.
2. Committee Authority 5. Conduct assessments based on benchmarks that
3. Committee Meeting have been prepared as material for evaluating the
4. Committee Organization performance and capacity development of the
Board of Directors and/or Board of Commissioners.
The Nomination & Remuneration Committee Charter is 6. Provide recommendations to the Board of
reviewed periodically to ensure that the scope of the Commissioners regarding performance evaluation
guidelines is always in line with the needs, and other policies for members of the Board of Directors and/
regulations related to the Company’s business. or Board of Commissioners.
7. Provide recommendations regarding independent
Duties and Responsibilities of the Nomination parties who will become members of the Board of
and Remuneration Committee Commissioners’ supporting Committees.
Duties and Responsibilities Related to the Remuneration 8. Recommend approval of changes to the
Function organizational structure up to one level below the
1. Evaluate the Company’s remuneration policy which Board of Directors.
includes Salary, Honorarium, Holiday Allowance
(THR), Benefits (medical, health, loan facility, etc.), Functions and Authority of Nomination and
Bonus/Incentive (for employees), and Tantiem (for Remuneration Committee
Board of Commissioners and Directors). In the implementation of its work, the Nomination &
2. Provide recommendations to the Board of Remuneration Committee is attached to its functions
Commissioners regarding remuneration policies for and authority granted in accordance with the provisions
members of the Board of Directors and/or Board of contained in the Nomination and Remuneration
Commissioners to be submitted to the GMS as well Committee charter.
as remuneration policies for Executive officers and
employees as a whole to be submitted to the Board FUNCTIONS OF NOMINATION & REMUNERATION
of Directors. COMMITTEE
3. Ensure that the Company’s remuneration policy The functions of the Nomination & Remuneration
is in accordance with the Company’s financial Committee are as follows:
performance and fulfillment of reserves in 1. Develop, implement, and analyze the nomination
accordance with applicable regulations, evaluation criteria and procedures for candidates for the Board
of individual work performance, fairness of peer of Directors and Board of Commissioners, as well as
groups within and outside the Company, and the procedures for dismissal of the Board of Directors
Company’s long-term development strategy. and Board of Commissioners.
2. Identify candidates for the Board of Directors and
Duties and Responsibilities Related to the Nomination Board of Commissioners both from within and
Function outside who are eligible to be proposed/appointed
1. Provide recommendations to the Board of as Directors or Board of Commissioners.
Commissioners regarding the composition of the 3. Develop criteria for assessing the performance of
positions of members of the Board of Directors and/ the Board of Directors.
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4. Propose an appropriate remuneration system for the 2. In exercising the authority as stipulated in
Board of Directors and Board of Commissioners in point 1 above, the Committee cooperates with
the form of a payroll system, facilities and benefits, partners including the Secretary of the Board of
options granted, and a pension system. Commissioners, the Supporting Committee of the
5. Ensure the implementation of the Company’s Board of Commissioners, relevant teams at the
compliance with the provisions and/or regulations management level, especially the Human Resources
of OJK, Ministry of Manpower, and other relevant Development Division, and other relevant work units
regulations including matters that become of the Company (if needed).
decisions of the Company’s GMS. 3. The Committee has the authority to communicate
6. Support professional human resource development directly with employees, including the Board of
activities. Directors and parties related to the implementation
of the Committee’s duties.
AUTHORITY OF NOMINATION & REMUNERATION 4. If necessary, the Committee may involve experts
COMMITTEE and/or consultants/independent parties outside
The authority of the Nomination & Remuneration the Committee or form an ad hoc team that is
Committee are: necessary to assist in carrying out its duties at the
1. The Committee may access records or information Company’s expense.
about the Company’s employees relating to the 5. The Committee performs other authority granted by
performance of the Committee’s duties. the Board of Commissioners.
Division of Duties and Responsibilities among
Nomination & Remuneration Committee Members
The scope of duties of each member of the Nomination & Remuneration Committee is as follows:
Name Position Description of Duty
Fendi Eventius Chairman of • Evaluate the Company’s remuneration policy which includes Salary, Honorarium, Holiday
Mugni Nomination & Allowance (THR), Benefits (medical, health, loan facility, and others), Bonus/Incentive (for
Remuneration employees), and Tantiem (for Board of Commissioners and Directors).
Committee • Provide recommendations to the Board of Commissioners regarding performance
evaluation policies for members of the Board of Directors and/or Board of Commissioners.
• Provide recommendations to the Board of Commissioners regarding policies, and
criteria required in the nomination of members of the Board of Directors and/or Board of
Commissioners.
Saptari Member of • Ensure that the Company’s remuneration policy is in accordance with the Company’s
Nomination & financial performance and the fulfillment of reserves in accordance with applicable
Remuneration regulations, evaluation of individual work performance, fairness of peer groups within
Committee and outside the Company, and the Company’s long-term development strategy.
• Review and propose a succession plan for members of the Board of Directors and/or
Board of Commissioners.
• Provide recommendations regarding independent parties who will become members of
the Board of Commissioners’ supporting Committees.
Makah Indra Member of • Provide recommendations to the Board of Commissioners regarding remuneration
Purnomo Nomination & policies for members of the Board of Directors and/or Board of Commissioners to
Remuneration be submitted to the GMS as well as remuneration policies for Executive officers and
Committee employees as a whole to be submitted to the Board of Directors.
• Provide recommendations to the Board of Commissioners regarding the composition of
the positions of members of the Board of Directors and/or Board of Commissioners.
• Recommend approval of changes to the organizational structure up to one level below
the Board of Directors
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Competency Development of Nomination & Remuneration Committee
The Company facilitates the implementation of development programs for the Nomination & Remuneration
Committee in order to improve the competence of Nomination & Remuneration Committee members. This program
is expected to have a positive impact on the productivity and effectiveness of the Nomination & Remuneration
Committee’s performance.
Information on competency improvement activities attended by Nomination & Remuneration Committee Members
in 2024 can be seen in the Company Profile chapter in this annual report.
Nomination & Remuneration Committee Meeting
The Nomination & Remuneration Committee holds meetings at least once a year in accordance with the
Nomination & Remuneration Committee Work Guidelines. In making decisions in meetings held by the Nomination
& Remuneration Committee, deliberation and consensus are carried out, as well as taking a majority vote if there is
no consensus. Meanwhile, the results of the Committee meetings must be set forth in the minutes of the meeting
signed by all members present and properly documented by the Secretary of the Committee. Dissenting opinions
in decision-making that occur in committee meetings must be clearly stated in the minutes of the meeting along
with the reasons for the dissenting opinions.
Throughout 2024, the Nomination & Remuneration Committee conducted a total of 3 (three) meetings, with the
minutes and attendance recapitulation as follows.
Recapitulation of Attendance of Nomination & Remuneration Committee Meetings
Number of Total
Name Position
Attendance
Percentage (%)
Mandatory Meetings
Fendy Eventius Mugni Chair 3 3 100%
Saptari* Member - - 100%
Makah Indra Purnomo Member 3 3 100%
*appointed as Member of MTF Nomination & Remuneration Committee on 21 October 2024 after passing the fit & proper test by OJK
Meeting Agenda
Date Agenda Peserta Rapat Keterangan
18 April 2024 Discussion regarding Proposal of Honorarium for Board of Directors • Fendy -
and Board of Commissioners of PT MANDIRI Tunas Finance in 2024 and Eventius
discussion regarding Tantiem for performance achievement in 2023 Mugni
for Board of Directors and Board of Commissioners of PT Mandiri Tunas • Makah Indra
Finance. Purnomo
29 July 2024 • Discussion related to the Establishment of the Board of • Fendy -
Commissioners Team (Secretary of the Board of Commissioners & Eventius
Secretaries of the Committees under the Board of Commissioners) Mugni
• Plan to create a post-employment insurance for Independent • Makah Indra
Commissioner. Purnomo
16 October 2024 • Follow-Up on the previous Nomination & Remuneration Committee • Fendy -
Meeting. Eventius
• Discussion on the Terms of Service Travel of the Board of Mugni
Commissioners Team. • Makah Indra
Purnomo
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Remuneration Policy and others), tantiem/performance incentive (for the
The Remuneration Policy of the Nomination & Board of Commissioners and the Board of Directors),
Remuneration Committee follows the policy of PT recommendations to the Board of Commissioners
Bank Mandiri (Persero) Tbk as the Majority/Controlling regarding the composition of the positions of
Shareholder of the Company. members of the Board of Directors and/or the Board
of Commissioners, policies and criteria required in the
Brief Report on the Implementation nomination of members of the Board of Directors and/
of Duties and Activities of the or Board of Commissioners, the names of candidates
Nomination & Remuneration for members of the Board of Directors and/or Board of
Committee in 2024 Commissioners, and conducting assessments based on
In 2024, the Remuneration Committee met 3 (three) benchmarks that have been prepared as performance
times to discuss the evaluation of the Company’s evaluation and capability development of the Board of
remuneration policy, which includes salary, Directors and/or Board of Commissioners, as well as
honorarium, benefits (medical, health, loan facility, discussion of the Company’s management training.
RISK MONITORING COMMITTEE
The Board of Commissioners established the Risk requirements. In addition to having independence,
Monitoring Committee to monitor the implementation members of the Risk Monitoring Committee are required
of the Company’s risk management that has been to have, among others, integrity and knowledge of the
prepared by the Board of Directors. The legal basis for business run by the Company. Membership requirements
the establishment of the Risk Monitoring Committee is of the Risk Monitoring Committee are as follows:
based on several applicable regulations, among others: 1. Committee members must have high integrity,
1. OJK Regulation No. 10/POJK.05/2014 concerning ability, and experience in accordance with their field
Risk Level Assessment of Non-Bank Financial of work and be able to communicate well.
Services Institutions. 2. At least one of the members of the Risk Monitoring
2. OJK Circular Letter No. 4/SEOJK.05/2015 concerning Committee must have a risk management
Risk Level Assessment of Financing Companies. background.
3. OJK Circular Letter No. 1/SEOJK.05/2016 3. Understand the Company’s business, especially risk
concerning Assessment of Financial Health Level management and laws and regulations related to the
of Financing Companies. financing business.
4. OJK Circular Letter No. 10/SEOJK.05/2016 4. Have sufficient knowledge to read and understand
concerning Guidelines for Implementing Risk financial reports and reports related to monitoring
Management and Reporting the Results of Self- the implementation of risk management policies of
Assessment of Risk Management Implementation financing companies.
for Non-Bank Financial Services Institutions. 5. Willing to improve competency continuously through
5. OJK Regulation No. 44/POJK.05/2020 concerning education and training.
the Implementation of Risk Management for Non- 6. Not a member of the Board of Directors and has
Bank Financial Services Institutions. integrity and knowledge of the business run by the
6. OJK Regulation No. 28/PJOK.05/2020 concerning Company.
Health Level Assessment of Non-Bank Financial
Services Institutions. Term of Office
Referring to the Decree of the Board of
Risk Monitoring Committee Commissioners No. KEP.KOM/008/2020 dated 31
Member Criteria August 2020 concerning the Establishment and
Based on the Risk Monitoring Committee Charter, Appointment of the Risk Monitoring Committee, it
Committee members must fulfill various criteria and is stipulated that the term of office of committee
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05
members shall not exceed the term of office of Board of Commissioners Number: 004/SKE-DEKOM/
the Board of Commissioners as stipulated in the MTF/X/2024 dated 21 October 2024 concerning
Articles of Association without prejudice to the right the Determination of Risk Monitoring Committee
of the Board of Commissioners to dismiss them at Members, the composition of the Risk Monitoring
any time. Furthermore, based on the Decree of the Committee members in 2024 is as follows:
Composition and structure of the Risk Monitoring Committee as of 31 December 2024 is as follows:
Name Position Pengangkatan Term of Office Tenure
Fendy Eventius Chairman of the Committee Board of Commissioners Decree Number: 004/SKE-DEKOM/ 21 October 2024 – 1st
Mugni Risk Monitoring MTF/X/2024 dated 21 October 2024 on the Determination of Risk 20 October 2027
Committee/Independent Monitoring Committee Members
Commissioner
Irwan Tri Nugroho Member/Party Board of Commissioners Decree No. 004/SKE-DEKOM/MTF/X/2024 21 October 2024 – 2nd
Independent dated 21 October 2024 on the Appointment of Risk Monitoring 20 October 2027
Committee Members
Indra Riyawan Member/Commissioner Board of Commissioners Decree No. 004/SKE-DEKOM/MTF/X/2024 21 October 2024 – 2nd
dated 21 October 2024 on the Appointment of Risk Monitoring 20 October 2027
Committee Members
Saptari Member/Commissioner Board of Commissioners Decree No. 004/SKE-DEKOM/MTF/X/2024 21 October 2024 – 1st
dated 21 October 2024 on the Appointment of Risk Monitoring 20 October 2027
Committee Members
Profile of Risk Monitoring Committee Members
The profile of Fendy Eventius Mugni as chairman and member of the Risk Monitoring Committee can be seen in the Board
of Commissioners profile section in the Company Profile Chapter in this Annual Report. The profile of Indra Riyawan as a
member of the Committee can also be seen in the Audit Committee Profile Sub-Chapter. The following is the profile of non-
Commissioner Risk Monitoring Committee members from independent parties.
Irwan Tri Nugroho
Member of Risk Monitoring Committee
Age Citizenship Domicile
40 years old Indonesia Bantul
Legal Basis for Appointment
Decision Letter of the Board of Commissioners Number 004/
SKE-DEKOM/MTF/X/2024 concerning the Appointment of
Members of the Risk Monitoring Committee
Term of Office
21 October 2024 - 20 October 2027
Tenure
2nd (second)
Education History
• Doctorate (S3) in Banking and Finance from the University of Limoges, France (2014)
• Master’s Degree (S2) in Finance from Universitas Gadjah Mada (2009)
• Bachelor’s Degree (S1) in Management from Universitas Sebelas Maret(2006)
Work Experience
• Lecturer in financial management at the Faculty of Economics and Business, Universitas Sebelas Maret (UNS).
• Guest lecturer and researcher at various universities both at home and abroad, Vice President of Programs and
International Cooperation at the Indonesian Finance Association (IFA).
Concurrent Position
Inside the Company : None
Outside the Company : None
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Independence of the Risk Monitoring to the second degree, either horizontally or
Committee vertically with the Board of Commissioners, Board
Members of the Risk Monitoring Committee are of Directors, or Major/Controlling Shareholders of
professionals and have no relationship with the the Company.
Company in order to maintain independence in 3. Has no business relationship, either directly or
carrying out their duties and responsibilities. The Risk indirectly related to the Company’s business,
Monitoring Committee established by the Company including not receiving compensation from
has met the criteria of independence, expertise, the Company and its subsidiaries other than
experience, and integrity. compensation for services received in connection
with duties as a Committee Member.
In order to act independently, members of the 4. Not an employee of the Public Accounting Firm,
Company’s Risk Monitoring Committee, especially from Legal Consultant Firm, or other Parties that provide
independent parties, are required to fulfill the following audit services, non-audit services and or other
independence criteria: consulting services to the Company within the last
1. Does not own shares of the Company, either directly 6 (six) months before being appointed by the Board
or indirectly. In the event that a Committee Member of Commissioners.
acquires shares as a result of a legal event, then 5. Not a person who has the authority and responsibility
within a maximum period of 6 (six) months after to plan, lead, or control the Company within the last
the acquisition of the shares must transfer them to 1 (one) year before being appointed by the Board of
another party. Commissioners, except for Committee members
2. Has no family relationship by marriage and descent who come from the Board of Commissioners.
The transparency of the independence of the Risk Monitoring Committee is shown in the following table
Fendy Indra
Irwan Tri
Independence Aspect Eventius
Nugroho
Saptari
Mugni Riyawan
Owns shares of the Company, either directly or indirectly x x x x
Has a family relationship with the Board of Commissioners, Board of
x x x x
Directors, or Majority/Controlling Shareholders
Has a business relationship, either directly or indirectly related to the
x x x x
Company’s business
A person who provides audit, non-audit, or other consulting services to the
x x x x
Company within the last six months.
A person who has the authority and responsibility to plan, lead or control
x x x x
the activities of the Company.
Risk Monitoring Committee Charter Authority, Duties, and Responsibilities
The Risk Monitoring Committee Charter was of the Risk Monitoring Committee
prepared and ratified by the Board of Commissioners The Risk Monitoring Committee has the authority
in Jakarta on 12 December 2023. The Charter to be able to access documents, data, and
regulates the position, membership, authority, information of the Company, communicate directly
duties, and responsibilities of the Risk Monitoring with employees including the Board of Directors
Committee as well as providing limitations and and those who carry out internal audit and risk
regulating the working relationship between the management functions, involve independent
Risk Monitoring Committee and other Committees parties as needed, and carry out other authority
under the Board of Commissioners.
230 PT Mandiri Tunas Finance
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05
granted by the Board of Commissioners so that it is 3. Monitor the implementation of the duties of the
able and responsible for carrying out the duties of Risk Management work unit.
the Risk Monitoring Committee which include: 4. Review the risk profile report and/or risk level.
1. Direct risk management policies, strategies, and 5. Review the Company’s financial health report.
frameworks in accordance with risk appetite and 6. Monitor the adequacy of the identification
risk tolerance. process as well as measure the monitoring,
2. Review the conformity between the Company’s control, and risk management information
risk management policy and the implementation system.
of the policy.
Division of Duties and Responsibilities of the Risk Monitoring Committee
The scope of duties of each member of the Risk Monitoring Committee is prepared on the basis of OJK Regulation
No. 28/POJK.05/2022 concerning Health Level Assessment of Non-Bank Financial Services Institutions, OJK
Regulation No. 44/POJK.05/2020 concerning Implementation of Risk Management for Non-Bank Financial
Services Risk Monitoring Committee Institutions and the Risk Monitoring Committee Charter established on 23
August 2022, as follows:
Name Position Description of Duty
Fendi Eventius Mugni Chairman of the Direct the policy, strategy and risk management framework in accordance with
Risk Monitoring the risk appetite and risk tolerance.
Committee
Saptari Member of Risk Monitor the implementation of the duties of the Risk Management work unit
Monitoring
Committee
Irwan Tri Nugroho Member of Risk • Review the Company’s financial health report
Monitoring • Review the conformity between the Company’s risk management policy and
Committee the implementation of the policy.
Indra Riyawan Member of Risk • Review the risk profile report and/or risk level.
Monitoring • Monitor the adequacy of the identification process as well as measure
Committee monitoring, control, and risk management information system.
Competency Development of Risk Risk Monitoring Committee Meeting
Monitoring Committee The Risk Monitoring Committee holds quarterly
The Company facilitates the implementation of meetings which are held 5 (five) times a year. The
development programs for the Risk Monitoring Committee may also conduct monthly meetings
Committee in order to improve the competency of the in accordance with previously agreed needs. In its
Risk Monitoring Committee members. This program is implementation, the Chairman of the Committee
expected to have a positive impact on the productivity invites all committee members and all members of the
and effectiveness of the Risk Monitoring Committee’s Board of Commissioners to attend the meeting which is
performance. Complete information about the chaired by the Chairman of the Committee or a member
competency improvement activities attended appointed in writing if the Chairman is unable to attend.
by members of the Risk Monitoring Committee
throughout 2024 can be seen in the Company Profile
chapter in this annual report.
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Meetings of the Risk Monitoring Committee are considered valid if attended by more than ½ of the members including
a Commissioner and an independent party. Throughout 2024, the Risk Monitoring Committee conducted 5 (five)
meetings, with the minutes and attendance recapitulation as follows:
Frequency of Attendance
Number of
Name Position
Mandatory Meetings
Total Attendance Percentage (%)
Fendy Eventius Mugni Chair 5 5 100%
Saptari Member 3 3 100%
Irwan Tri Nugroho Member 5 5 100%
Indra Riyawan Member 5 5 100%
Meeting Agenda
Date Agenda Meeting Participants Description
28 March 2024 • Risk Appetite Statement Risk Monitoring Committee -
• Corporate Risk Management
• Operational Risk
30 May 2024 • Risk Appetite Statement Risk Monitoring Committee -
• Corporate Risk Management
25 July 2024 • Progress Update of Previous Dekom Direction Risk Monitoring Committee -
• RAS
• Corporate Risk Management
• RCSA Retail and Corporate Fleet
27 September 2024 • Risk Appetite Statement Risk Monitoring Committee -
• Corporate Risk Management
• Operational Risk
28 November 2024 • Risk Appetite Statement Risk Monitoring Committee -
• Corporate Risk Management
• Operational Risk
Remuneration Policy
The remuneration policy of the Risk Monitoring Committee follows the policy of PT Bank Mandiri (Persero) Tbk
as the Majority/Controlling Shareholder of the Company.
Brief Report on the Implementation of Duties and Activities of the Risk
Monitoring Committee in 2024
To strengthen risk management within the Company, the work program that becomes the duties and obligations
of the Risk Monitoring Committee in 2024 is:
1. Direct risk management policies, strategies, and frameworks in accordance with risk appetite and risk
tolerance.
2. Review the suitability of the Company’s risk management policies.
3. Monitor the implementation of the risk management work unit.
4. Review the risk profile report and/or risk level.
5. Review the Company’s financial health report.
6. Monitor the adequacy of the identification process as well as measure monitoring, control, and risk
management information system.
7. Discuss the Risk Appetite Statement (RAS).
8. Integrated Risk Profile.
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SUPPORTING ORGANS
OF THE BOARD OF DIRECTORS
In implementing Good Corporate Governance principles, the Board of Directors has several supporting
organs, both organs formed in accordance with compliance and those formed as needed, among others:
BOARD OF DIRECTORS
Company
Secretary
Risk Internal
Management Audit Committees
Risk Manage- Information Tech-
Alco Credit Anti-fraud
ment nology Steering
Committee Committtee Committee
Committee Committee
COMMITTEES UNDER THE BOARD OF DIRECTORS
Asset and Liability Committee (ALCO)
Asset and Liability Committee (ALCO) is a committee formed to assist the Board of Directors in carrying out
the function of determining asset & liability management strategies, determining interest rates and liquidity
and other matters related to the Company’s asset & liability management.
ALCO Membership in 2024
Position Served by
Chair President Director
Permanent Voting Member 1. President Director
2. Corporate Finance & Risk Management Director
3. Sales & IT Director
Permanent Non-Voting Member 1. Chief Risk Management
2. Chief Marketing
3. Chief AR Management & General Service
4. Retail Risk Management Division Head
5. Treasury & Finance Division Head
6. Corporate Planning & Performance Management Division Head
7. Operational & Corporate Risk Management Division Head
8. Strategic Marketing & Communication Division Head
9. Accounting, Tax, & Financial Planning Division Head
Secretary Retail Risk Management Division Head
Secretary Alternative 1 Treasury & Finance Division Head
Secretary Alternative 2 Corporate Planning & Performance Management Division Head
Impermanent Non-Voting Invitee Division Head and/or Department Head related to the material who attended as
an invitee
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Duties and Responsibilities of ALCO
1. Establish, develop, and review Asset & Liability Management (ALM) strategies.
2. Evaluate and monitor pricing so that the business can be run with the aim of benefiting the Company.
3. Monitor the liquidity limit that must be available in accordance with the Company’s needs.
4. Manage assets and liabilities that are sensitive to changes in interest rates and manage the impact of these
changes to maximize interest income.
5. Manage market and liquidity risk as a consideration for management to determine the level of exposure to
Market Risk and Liquidity Risk.
6. Liaise with other units on financial and budget planning, new product development, portfolio management,
capital adequacy and steady growth.
7. Make strategic decisions in the field of asset and liability management, but not beyond the authority of the
Board of Directors such as setting limits relating to Liquidity Risk and Market Risk in accordance with the
overall risk taking policy
.
Profiles of ALCO Members
The following is the profile of ALCO members
1. Permanent Voting Member
The profiles of Pinohadi G. Sumardi, R. Eryawan Nurhariadi, and William Francis Indra as permanent voting
members of the ALCO Committee can be found in the Board of Directors Profile section in the Company Profile
chapter of this Annual Report.
2. Permanent Non-Voting Member
The profiles of Devi Maladianti, Afri Feder Fauzi, and B. Perana Citra Ketaren as permanent non-voting
members of the ALCO Committee can be found in the Profile of Chief Executive Officers section in the
Company Profile chapter of this Annual Report. In addition, the profiles of Indra Budi Laksana and Vitriati
Hartika as permanent non-voting members of the ALCO Committee can be found in the Profile of the Head
of Risk Management section of this chapter. The following is the profiles of the non-voting permanent
members of the ALCO Committee.
Ramdhan Safitri
Treasury & Finance Division Head
Age Citizenship Domicile
50 years old Indonesia Kab. Bekasi
Education History
Bachelor (S1) in Computer Science majoring in Informatics Engineering from Universitas Bina Nusantara (1998)
Work Experience
• Treasury & Finance Division Head of PT Mandiri Tunas Finance (2018–present)
• Finance & Accounting Division Head of PT Mandiri Tunas Finance (2016–2018)
• Regional Manager of PT Mandiri Tunas Finance (2013–2016)
• Information Technology Division Head of PT Mandiri Tunas Finance (2009–2013)
• IT Manager of PT Mandiri Tunas Finance (2008–2009)
• Software Manager of PT Mandiri Tunas Finance (1997–2008)
Concurrent Position
Inside the Company : None
Outside the Company : None
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Citra Judith Lupitadevi
Corporate Planning & Performance Management Division Head
Age Citizenship Domicile
40 years old Indonesia Tangerang Selatan
Education History
• Master (S2) in Technology Management from Institut Teknologi Sepuluh Nopember (2022)
• Bachelor (S1) of Economics majoring in Accounting from Universitas Airlangga (2009)
• Bachelor of Engineering majoring in Industrial Engineering from Institut Teknologi Sepuluh Nopember (2006)
Work Experience
• Head of Corporate Planning & Performance Management Division of PT Mandiri Tunas Finance (2021–present)
• Head of Strategic Business Initiative Division of PT Mandiri Tunas Finance (2018–2021)
• Head of Corporate Secretary & Legal Compliance Division of PT Mandiri Tunas Finance (2017–2018)
• Head of Business Excellence Management Division of PT Mandiri Tunas Finance (2016–2017)
• Business Initiative Development Department Head of PT Mandiri Tunas Finance (2015–2016)
• New Business Initiative & Alliance Project Manager of PT Mandiri Tunas Finance (2011–2014)
• New Business Initiative Supervisor of PT Mandiri Tunas Finance (2010–2011)
• Customer Retention & Referral Supervisor of PT Mandiri Tunas Finance (2010–2010 )
• Analyst at PT Astra International - Astraworld (2007–2010)
• Supervisor at Borwita Citra Prima (2006–2007)
Concurrent Position
Inside the Company : None
Outside the Company : None
Camar Sativa
Strategic Marketing & Communication Division Head
Age Citizenship Domicile
47 years old Indonesia Depok
Education History
Bachelor (S1) of Engineering majoring in Chemical Engineering from Institut Teknologi Adhi Tama Surabaya
Work Experience
• Strategic Marketing & Communication Division Head of PT Mandiri Tunas Finance (2023–present)
• Retail & Fleet Product Development Department Head of PT Mandiri Tunas Finance (2021–2023)
• Retail Product Development Department Head of PT Mandiri Tunas Finance (2020–2021)
• Marketing Strategic & Product Development Department Head of PT Mandiri Tunas Finance (2019–2020)
• Marketing Intelligence & Research Department Head of PT Mandiri Tunas Finance (2018–2019)
• Marketing Planning & Product Development Department Head of PT Mandiri Tunas Finance (2016–2018)
• Marketing Planning & Development Department Head of PT Mandiri Tunas Finance (2015–2016)
• HR Strategic Department Head of PT Mandiri Tunas Finance (2012–2015)
• HR Operation Department Head of PT Mandiri Tunas Finance (2010–2012)
• Training & Development of PT Mandiri Tunas Finance (2009– 2010)
• Assistant Manager HRD of PT Elektronic Solution Indonesia (2006–2009)
• Consultant at PT Total Bisnis Ekselen (2024 –2006)
• Head of QA/QC Division of PT Siantar Top Group (2001–2004)
Concurrent Position
Inside the Company : None
Outside the Company : None
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Rina Floriana R.
Accounting, Tax & Financial Planning Division Head
Age Citizenship Domicile
56 years old Indonesia Depok
Riwayat Pendidikan
Bachelor (S1) of Economics majoring in Accounting from Universitas Negeri Jakarta (1991)
Riwayat Pekerjaan
• Accounting, Tax & Financial Planning Division Head of PT Mandiri Tunas Finance (2022–present)
• Accounting Department Head of PT Mandiri Tunas Finance (2016–2022)
• Management Development Program of PT Mandiri Tunas Finance (2015–2016)
• Accounting Operation Supervisor of PT Mandiri Tunas Finance (2013–2015)
• Accounting Supervisor of PT Mandiri Tunas Finance (1999– 2012)
Concurrent Position
Inside the Company : None
Outside the Company : None
ALCO Meeting
ALCO Meeting is a forum for Committee members to discuss any policies and strategic decisions concerning
the management of the Company’s assets and liabilities. This meeting is held with a frequency of at least
once in 1 (one) month.
The meeting is chaired by the Chairman of ALCO, if the Chairman is absent then the meeting may be chaired
by a designated Permanent Voting Member. ALCO meetings are considered valid if attended by more than
50% of the number of Permanent Voting Members appointed. Decision-making of ALCO meetings shall be
based on deliberation to reach a consensus as stated in the minutes of the meeting.
Throughout 2024, ALCO meetings have been held 12 times, in accordance with the provisions and mechanisms
applicable in the Company. Some of the discussions held in the ALCO meeting were related:
Participant
Place & Date Agenda Attendance
Percentage (%)
Jakarta, • Economic Outlook & Macroeconomic Forecast for December 2024 100%
22 January 2024 • Pricing Development for December 2024
• Liquidity Projection for January 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for January 2024 92%
26 February 2024 • Pricing Development for January 2024
• Liquidity Projection for February 2025
Jakarta, • Economic Outlook & Macroeconomic Forecast for February 2024 100%
25 March 2024 • Pricing Development for February 2024
• Liquidity Projection for March 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for March 2024 100%
29 April 2024 • Pricing Development for March 2024
• Liquidity Projection for April 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for April 2024 100%
20 May 2024 • Pricing Development for April 2024
• Liquidity Projection for May 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for May 2024 83%
24 June 2024 • Pricing Development for May 2024
• Liquidity Projection for June 2024
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Participant
Place & Date Agenda Attendance
Percentage (%)
Jakarta, • Economic Outlook & Macroeconomic Forecast for June 2024 92%
29 July 2024 • Pricing Development for June 2024
• Liquidity Projection for July 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for July 2024 100%
19 August 2024 • Pricing Development for July 2024
• Liquidity Projection for August 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for August 2024 100%
23 September 2024 • Pricing Development for August 2024
• Liquidity Projection for September 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for September 2024 100%
28 October 2024 • Pricing Development for September 2024
• Liquidity Projection for October 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for October 2024 75%
28 November 2024 • Pricing Development for October 2024
• Liquidity Projection for November 2024
Jakarta, • Economic Outlook & Macroeconomic Forecast for November 2024 92%
17 December 2024 • Pricing Development for November 2024
• Liquidity Projection for December 2024
Brief Report on the Implementation of ALCO Committee Duties in 2024
Throughout 2024, ALCO has performed its functions, as follows:
1. Analyze and present the results of analysis of national and global economic conditions for the determination
of Company strategy.
2. Conduct liquidity analysis, especially analysis of sources and projected use of funds.
3. Analyze MTF’s pricing conditions including the realization of pricing for each product.
4. Establish a financing strategy to increase market penetration.
Credit Committee
The credit committee is a group of Mandiri Tunas Finance officials who can make credit approval decisions
in accordance with their respective authority limits obtained through the WMP/Authority to Decide
Financing Decree.
Credit Committee Membership
The Credit Committee consists of the Head Office Credit Committee and Branch/Unit Credit Committee, most
of which are appointed by the Board of Directors to have WMP limits.
The Branch Credit Committee for new loan approval consists of the Credit Head, Sales Head, and Branch
Manager. The Credit Head provides recommendations on the results of analysis and decisions in the E-Star
system through the Request for Credit Approval (RCA) located in the Credit menu “Credit Process”. Sales Head
reviews the results of the reject decision by the Credit Head in accordance with the “Four Eye Priciple”. Branch
Managers have limited authority to make credit approval decisions.
The Head Office Credit Committee for new loan approval consists of the retail sales function (Regional Manager),
the credit function (Area Credit Manager and Credit Management Division Head), and the Board of Directors.
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Duties and Responsibilities of the Credit Committee
The Credit Committee, in every credit approval decision, must perform its function as a means of risk control
and a means of credit management control.
Credit Committee as a means of risk management control implies that:
• Every financing approval made by the Credit Committee can be interpreted as a statement that the
Customer whose financing application is approved is a feasible customer.
• Every financing approval is a decision by the Credit Committee to place funds in a financing that has
mitigated risks.
Credit Committee as a means of credit management control process implies that:
• Each Credit Committee approval is part of the control of the entire credit process.
• Determine and ensure that the procedures for granting credit can be given correctly in accordance with
existing procedures.
Profiles of Credit Committee Members
In accordance with the narrative, the Credit Committee consists of the Head Office Credit Committee and the
Branch/Unit Credit Committee, most of which are appointed by the Board of Directors to have WMP limits. For
this reason, the profiles of individual members of the Credit Committee are not disclosed in detail.
Risk Management Committee
With the increase in the Company’s activities, the potential risks faced will be more complex, so the Company
formed a Risk Management Committee to support the Board of Directors in monitoring and managing all potential
risks effectively. The potential risks faced by the Company include Strategic Risk, Operational Risk, Credit Risk,
Market Risk, Liquidity Risk, Legal Risk, Compliance Risk, and Reputation Risk.
The Duties and Responsibilities of the Risk Management Committee are to provide recommendations to the
President Director regarding the Implementation of Risk Management, which includes:
1. Formulation of policies, strategies, and guidelines for the implementation of Risk Management;
2. Improvement or adjustment of Risk Management implementation based on the results of the evaluation of
Risk Management implementation;
3. Determination of matters related to business decisions that deviate from normal procedures;
4. Summary of recommendations, follow-up and/or results of Risk Management implementation.
Membership of the Risk Management Committee
Chair:
Corporate Finance & Risk Management Director 5. Operational & Corporate Risk Management
Permanent Members: Division Head
1. Sales & IT Director 6. Legal & Litigation Division Head
2. Chief Bidang Risk Management Non-permanent Members:
3. Retail Risk Management Division Head Senior officials to be invited according to the
4. Corporate Secretary Division Head relevance of the discussion.
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Profiles of Risk Management Committee Members
The profiles of R. Eryawan Nurhariadi as chairman and William Francis Indra and Devi Maladianti as permanent
members of the Risk Management Committee can be found in the Directors and Executive Officers (Chief)
section of the Company Profile chapter in this Annual Report. In addition, the profiles of Indra Budi Laksana
and Vitriati Hartika as permanent members of the Risk Management Committee can be found in the Risk
Management Head section of this chapter. The profile of Dadan Hamdhani will also be presented in detail in
the Company Secretary Profile section of this chapter. The following are the profiles of the non-executive
permanent members of the Risk Management Committee.
The following are the profiles of the members of the Risk Management Committee.
Arief Aphrian Lambri
Legal & Litigation Division Head
Age Citizenship Domicile
50 years old Indonesia Jakarta Selatan
Riwayat Pendidikan
• Master’s Degree (S2) in Notary Law from the Universitas Indonesia (2021)
• Bachelor’s Degree (S1) in Law, majoring in Economic Law from the Universitas Indonesia (1999)
Education History
• Legal & Litigation Division at PT Mandiri Tunas Finance (2024–present)
• Legal Division at PT Mandiri Tunas Finance (2022–2024)
• Corsec & Compliance Senior Manager at PT Chandra Sakti Utama Leasing (2010–2022)
• Legal & Contract Executive at PT ABB Sakti Industri (2009–2010)
• Senior Associate Lawyer at Thamrin & Rachman Law Firm (2006–2009)
• Managing Associate Lawyer at Hamdan, Sudjana, Januardi & Partners (2000–2004)
Concurrent Position
Inside the Company : None
Outside the Company : None
Risk Management Committee Meeting
1. Risk Management Committee meetings are held 4. The results of the Risk Management Committee
periodically (at least 4 times a year). Meeting are set forth in the minutes of the meeting
2. Risk Management Committee meetings can be held if signed by all members of the Risk Management
attended by more than ½ (one-half) of the members Committee present.
including the Chairman of the Risk Management
Committee. Throughout 2024, the company has held Risk
3. The meeting is chaired by the Head of Risk Management Committee Meetings as many as 4 (four)
Management, if the Head is unable to attend, the times with the summary of the agenda as follows:
meeting can be chaired by an appointed member.
Participant At-
Place & Date Agenda tendance
Percentage (%)
Jakarta, • Stress Test Q4 2023 100%
2 April 2024 • Risk Appetitte Statement (RAS) Survey
• Portfolio Guideline Update
• Internal Fraud in 2023
• Quality Assurance (QA) Findings Year 2023
• Results of Control Testing Issue and Management Action Q4 2023
• Monitoring Update on the fulfillment of Corporate Fleet To Be Obtained (TBO) documents
• Debtor Data Follow-up
• List of Regulatory Sanctions in 2023
• Customer Complaint Report
• Trend and Mitigation of Complaint Reports
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Participant At-
Place & Date Agenda tendance
Percentage (%)
Jakarta, • Portfolio Guideline for Retail Self-employed Debtors 100%
25 June 2024 • Change in Health Level Methodology (RBBR)
• Corporate Fleet Watchlist
• EY Audit Results vs Onsite RCO Q1 2024
• Update on OD BPKB Waiting > 90 Days
• QA Confirmation Update - Emergency Contact Calls
• Corporate Fleet TBO Document Fulfillment Monitoring Update
• Regulatory Sanctions and Debtor Data Update
• Trends in Customer Complaint Reports
• Negative News Update
Jakarta, • Stress Test Q2 2024 100%
19 September 2024 • Corporate Fleet Portfolio
• BPKB Waiting Monitoring
• Quality Assurance on OJK Provision of Fund Facilities Golive Period January–July 2024
• Corporate Fleet Document Completeness Monitoring Update
• Customer Complaint Report Trend
• Overview of Consumer Protection Unit
• Negative News Update
• Regulatory Sanctions for the Period of June–August 2024
• Update on the Implementation of Personal Data Protection
Jakarta, • Change in Health Level Methodology (RBBR) of Mandiri Tunas Finance for Semester II 2024 100%
9 December 2024 • MTF Corporate Wide Business Process Relook
• Progress of New BCM 2024 Implementation
• Update on Progress & Action Plan of PDP Implementation at MTF
• Trend of Customer Complaint Report
Brief Report on the Implementation of Duties of Risk Management Committee
Throughout 2024, the Risk Management Committee performed its functions as follows:
1. Overseeing the implementation of risk management policies and procedures
2. Identifying potential risks that may affect the company
3. Developing strategies and plans to manage risks, including mitigation, transfer, acceptance, or avoidance
of risks
4. Ensuring that risk management strategies are aligned with organizational objectives and strategies
5. Providing regular reports to the Board of Directors on the status of risk and the effectiveness of the risk
management program
6. Ensuring that risk information is effectively communicated to all interested parties.
Anti-Fraud Committee
In line with the implementation of the Financial Services Authority Regulation Number 12 of 2024 which was
promulgated on 31 July 2024 as well as the implementation of Good Corporate Governance (GCG), Mandiri Tunas
Finance established the Anti-Fraud Committee with the basis to be able to assist the Board of Directors and
the Board of Commissioners on the implementation of the Anti-Fraud Strategy in the Company. This Committee
is a form of Management’s commitment to implement the Company’s work culture in fighting fraud in all lines
Membership of the Anti-Fraud Committee is formed by taking into consideration that these functions have a
role in preventing, detecting, investigating, and following up on fraud in the Company. The composition of the
Anti-Fraud Committee members consists of:
1. Chairman of the Anti-Fraud Committee:
Corporate Secretary Div. Head b. HC Learning Division Head
2. Vice Chairman of the Anti-Fraud Committee: c. Recovery & Litigation Division Head
Corporate Audit Div. Head d. Retail Risk Management Division Head
3. Anti-Fraud Committee Members: e. Corporate Risk Management Division Head
a. Human Capital Division Head f. Legal Division Head
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Profiles of Anti-Fraud Committee Members
The following are the profiles of the Anti-Fraud Committee members.
Dadan Hamdhani
Chairman of Anti-Fraud Committee
Age Citizenship Domicile
50 years old Indonesia Jakarta Selatan
Legal Basis for Appointment
Board of Directors’ Decision Letter No. 00131/SK-HCP.SVC/HC/III/2024
Term of Office
Since 1 April 2024
Tenure
1st (first)
Education History
Bachelor (S1) of Law majoring in Legal Science from Langlangbuana University (2002)
Work Experience
• Corporate Secretary Division Head PT Mandiri Tunas Finance (2024 - present)
• Human Capital Learning Division Head PT Mandiri Tunas Finance (2023 - 2024)
• Human Capital Recruitment & Industrial Relation Department Head PT Mandiri Tunas Finance (2020 - 2023)
• Human Resources Operations Department Head PT Mandiri Tunas Finance (2013 - 2020)
• Human Capital Personnel Department Head PT Wahana Ottomitra Multiartha Tbk (2005 - 2013)
Concurrent Position
Inside the Company : None
Outside the Company : None
Expertise/Certifications
• Human Capital Certification
• Basic Financing Certification Training - Managerial
Bayu Mario
Vice Chairman of Anti-Fraud Committee
Age Citizenship Domicile
54 years old Indonesia Tangerang
Legal Basis for Appointment
Surat Keputusan Direksi No. 00078/SK-HCP.SVC/HC/06/2022
Term of Office
Since 22 June 2022
Tenure
1st (first)
Education History
• Master’s Degree (S2) in Management from Universitas Trisakti (2003)
• Bachelor’s Degree (S1) in Economics, majoring in Accounting from Universitas Sriwijaya (1996)
Work Experience
• PT Bank Mandiri (Persero) Tbk (1999-2022) as Auditor, Quality Assurance & Control, Credit Operation, Mandiri University
• PT Bank Dagang Negara (1996) as Officer Development Program
Concurrent Position
Inside the Company : None
Outside the Company : None
Expertise/Certifications
• Qualified Internal Auditor (QIA) certification by the Internal Audit Education Foundation (YPIA) 1998
• Certified Fraud Examiner (CFE) by the Association of Certified Fraud Examiners (ACFE) - 2011
• Certified Chartered Accountant (CA) by the Indonesian Institute of Accountants - 2021
• Risk Management Level 3 Certification by the National Professional Certification Agency (BNSP) - 2018
• Internal Audit - Supervisor Certification by the National Professional Certification Agency (BNSP) – 2015
• ISO 37001 Anti-Bribery Management System (ABMS) Certification - 2024
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Duties and Responsibilities of the Anti-Fraud Committee
The Anti-Fraud Committee was formed with the aim of carrying out the functions of control, supervision, and
handling of the Company’s risk events including the occurrence of fraud on the reporting detected by the
Company. In detail, the duties and responsibilities of the Anti-Fraud Committee are as follows:
1. Make a summary of the results of the evaluation of the implementation of the anti-fraud strategy including the
reporting of fraud findings as a means of reporting to the Board of Directors and the Board of Commissioners.
2. Discuss the incidence of fraud with regard to factors such as :
a. The main causes of fraud, both from the aspects of staffing, systems, procedures, and external parties
b. The financial impact caused to both internal and external parties
c. The ability and willingness of the relevant work units to comply with the provisions
d. Frequency and likelihood of recurrence of similar events
e. Adequacy of supervision and availability of control tools
f. Potential prevention of fraud in the future.
3. Monitor compliance with the implementation of work ethics
4. Conduct a thorough and continuous evaluation of data and incidents of incidents of fraud
5. Establish corrective measures, controls and business processes for the occurrence of fraud so that it does
not recur.
Anti-Fraud Committee Meeting
In accordance with the duties and responsibilities of the Anti-Fraud Committee, the Anti-Fraud Committee
Meeting discusses all indications of fraud detected by the Company’s fraud detection tools, such as
Whistleblowing System, Fraud Detection System, and Surprise Audit and discussed with all Committee
members and related departments. The discussion at the meeting also explained related analysis and other
supporting evidence to be followed up in the form of special investigations, recommendations for sanctions,
and improvement plans for the weaknesses that occurred.
Throughout 2024, the Anti-Fraud Committee meeting was held 5 times in accordance with the mechanism
applicable in the Company. The discussions conducted in the Anti-Fraud Committee meetings were:
1. Discussion of indications of fraud detected by the Company’s Fraud Detection Tool
2. Discussion of recommendations for improvement of fraud-related weaknesses that occur.
Brief Report on the Implementation of the Anti-Fraud Committees Tasks in 2024
The Anti-Fraud Committee has carried out its function as controller and implementer of the Anti-Fraud
Strategy in the Company by implementing 4 (four) pillars of the Anti-Fraud Strategy which are in line with the
Financial Services Authority Regulation Number 12 of 2024, with details as follows:
• Pillar 1 - Prevention
Implementation of activities to increase employee awareness of fraud in the form of socialization and anti-
fraud publications to internal and external employees of the Company and integrity declarations from all
employees in the Company.
• Pillar 2 - Detection
The use of the Company’s fraud detection tools such as the Whistleblowing System, Fraud Detection
System, Surprise Audit, and Surveillance System to detect indications of fraud that occur in the Company
• Pillar 3 - Investigation, Reporting and Sanctions
PIn this pillar, investigations are carried out if it is necessary to further investigate the indications of fraud
found by the Company’s fraud detection tools. The Company also reports the implementation of the Anti-
Fraud Strategy to the Company’s management, regulators, and other related parties. Sanctions are also given
to employees involved in fraud in order to provide a deterrent effect and prevent future fraud.
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• Pilar 4 – Monitoring, Evaluation, and Follow-up
The implementation of this pillar is to monitor and evaluate all weaknesses that result in fraud, and provide
follow-up improvements to weaknesses so that fraud does not occur again.
Information Technology Steering Committee
In order to support the effectiveness of the implementation of the duties and responsibilities of the Board of
Directors, the Company formed a committee whose task is to assist the Board of Directors in providing direction
and monitoring activities to implement the framework, policies, and implementation of risk management in the
use of Information Technology in accordance with POJK No. 4/POJK.05/2021 to support business development
and business including continuity of service to debtors.
Duties and Responsibilities of the Information Technology Steering Committee
The duties and responsibilities of the Information Technology Steering Committee are to recommend to the
Board of Directors regarding the implementation of information technology which includes:
1. Information technology development plan in line with business activities.
2. Formulation of Information Technology policies and procedures.
3. Conformity of the implementation of approved Information Technology projects with the Information
Technology development plan.
4. Suitability of Information Technology with the needs of management information systems and the needs of
business activities.
5. Effectiveness of risk mitigation for investments in the information technology sector so that investments
contribute to the achievement of business objectives.
6. Monitoring of Information Technology performance and efforts to improve Information Technology
performance.
7. Efforts to solve various problems related to Information Technology that cannot be resolved by related work
units effectively, efficiently and in a timely manner.
8. Adequacy and allocation of Information Technology resource.
Information Technology Steering Committee Membership
The membership of the Information Technology Steering Committee is as follows:
1. Chairperson:
Director of Information Technology 3. Non-permanent Members
2. Permanent Member: Senior officials will be invited according to the
a. Chief of Risk Management relevance of the discussion.
b. Information Technology Division Head
c. Retail Risk Management Division Head
d. Corporate Risk Management Division Head
e. Corporate Secretary Division Head
f. Strategic Marketing & Communication
Division Head
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Profiles of Information Technology Steering Committee Members
The profiles of William Francis Indra as chairman of the Information Technology Steering Committee can be found
in the profile section of the Board of Directors and Devi Maladianti as a permanent member of the Information
Technology Steering Committee can be found in the Executive Officer (Chief) profile section in the Company
Profile chapter of this Annual Report.
In addition, profiles of other permanent members of the Information Technology Steering Committee can be
found elsewhere in this Corporate Governance chapter. The profiles of the permanent members include Camar
Sativa and Citra Judith in the ALCO Member Profile section, Indra Budi Laksana and Vitriati Hartika in the Head
of Risk Management Profile section, and Kanda Octaviano in the Information Technology Division Establishment
as the IT Management Division section. Below are the profiles of the permanent members of the Information
Technology Steering Committee non-directors:
Information Technology Steering Committee Meeting
1. Information Technology Steering Committee meetings are held periodically (at least 4 times a year).
2. Information Technology Steering Committee meetings can be held if attended by more than ½ (one-half) of
the members including the Chairman of the Information Technology Steering Committee.
3. The meeting is chaired by the Chairman of the Information Technology Steering Committee, if the Chairman
is absent then the meeting can be chaired by an appointed member.
4. The results of the Information Technology Steering Committee Meeting are set forth in the minutes of the
meeting signed by all members of the Information Technology Steering Committee present.
Throughout 2024, the Company has held Information Technology Steering Committee Meetings as many as 4
(four) times with the summary of the agenda as follows:
Participant
Place & Date Agenda Attendance
Percentage (%)
Online 27 March 2024 KPTI 1st Meeting in 2024 100%
BOD Meeting Room 3A Floor, 2 July 2024 KPTI 2nd Meeting in 2024 100%
BOD Meeting Room 3A Floor, 30 September 2024 KPTI 3rd Meeting in 2024 100%
BOD Meeting Room 3A Floor, 9 December 2024 KPTI 4th Meeting in 2024 100%
Brief Report on the Implementation of the Information Technology Steering Committee’s
Tasks in 2024
In 2024, the Information Technology Steering Committee conducted 4 (four) meetings to discuss information
technology strategies that require decisions from management. The meeting discussion can be seen in the
meeting agenda data as information above
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Corporate Secretary
The Corporate Secretary ensures that the Company complies with regulations on disclosure requirements in
line with the implementation of GCG principles; provides information required by the Board of Directors on a
regular basis and/or at any time when requested; organizes and stores company documents; and becomes the
Company’s liaison officer to deal with parties outside the Company. The existence of the Corporate Secretary
is regulated in OJK Regulation No. 35/POJK.04/2014 concerning the Corporate Secretary of Issuers or Public
Companies.
Parties Appointing and Dismissing the Corporate Secretary
The Corporate Secretary is appointed and dismissed by the President Director based on the Company’s internal
mechanism with the approval of the Board of Commissioners and is responsible and reports his activities directly
to the President Director. The Corporate Secretary is prohibited from holding any position in other issuers or
public companies.
Qualification of Corporate Secretary Officer
The Corporate Secretary carries out the mission to support the creation of a good image of the Company
consistently and continuously through the management of effective communication programs to all stakeholders.
Requirements as Corporate Secretary, at least:
1. Capable of performing legal acts;
2. Has knowledge and understanding in the fields of law, finance, and corporate governance;
3. Understands the Company’s business activities;
4. Has good communication skills;
5. Domiciled in Indonesia.
Corporate Secretary Officer
Dadan Hamdhani
Company Secretary
Age Citizenship Domicile
50 years old Indonesia South Tangerang
Legal Basis for Appointment
Board of Directors’ Decision Letter No. 00131/SK-HCP.SVC/HC/
III/2024
Term of Office
Since 1 April 2024
Tenure
1st (first)
Education History
Bachelor (S1) of Law majoring in Legal Science from Universitas Langlangbuana (2002)
Work Experience
• Corporate Secretary Division Head PT Mandiri Tunas Finance (2024 - present)
• Human Capital Learning Division Head PT Mandiri Tunas Finance (2023 - 2024)
• Human Capital Recruitment & Industrial Relation Department Head PT Mandiri Tunas Finance (2020 - 2023)
• Human Resources Operations Department Head PT Mandiri Tunas Finance (2013 - 2020)
• Human Capital Personnel Department Head PT Wahana Ottomitra Multiartha Tbk (2005 - 2013)
Concurrent Position
Inside the Company : None
Outside the Company : None
Expertise/Certification
• Human Capital Sertification
• Basic Financing Certification Training - Managerial
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Organizational Structure of Corporate Secretary
Structurally, the Corporate Secretary is 1 (one) level below the Board of Directors and is directly responsible to the
President Director. The Corporate Secretary oversees the Corporate Communication Department Head, Office of
the Board Department Head, Customer Care Dept. Head, and Anti-Fraud Department Head. With the existence of
the Corporate Secretary, it is expected to assist the Board of Directors in carrying out the Company’s information
management and ensuring that the Company complies with regulations on disclosure requirements in line with
the implementation of GCG principles.
President Director
Corporate Secretary Division Head
Corporate Secretary Deputy
Division Head
Corporate Communication Office of the Board Anti Fraud
Department Head Department Head Department Head
Until the end of 2024, the number of employees of the Corporate Secretary Division is as follows:
Position Number of Employees (people)
Head of Division 1 people
Deputy Head of Division 1 people
Head of Department 3 people
Supervisor 13 people
Staff 1 people
Total 19 people
Corporate Secretary Work Guidelines
In supporting the work of the Corporate Secretary, the Corporate Secretary Work Guidelines No. 03/PGN/06/2016
has been issued on 23 December 2016 and has been revised on 14 December 2018, approved by the Board of
Directors of the Company.
Corporate Secretary Functions and Duties
The functions, duties, and responsibilities of the Corporate Secretary are as follows:
Function
Planning, coordinating, and controlling all aspects of the Company’s activities which include corporate
communication, corporate social responsibility, handling consumer complaints, corporate action, compliance with
regulations, implementation of Good Corporate Governance including as a liaison to shareholders, stakeholders,
and regulators to improve the Company’s governance and compliance with regulations
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Duties and Responsibilities
1. Keeping abreast of developments in the Capital Market, especially the prevailing laws and regulations in the
Capital Market.
2. Providing input to the Board of Directors and the Board of Commissioners to comply with the provisions of laws
and regulations in the Capital Market.
3. Assisting the Board of Directors and Board of Commissioners in the implementation of corporate governance
which includes:
a. Information disclosure to the public, including the availability of information on the Company’s Website;
b. Timely submission of reports to the Financial Services Authority;
c. Organization and documentation of the General Meeting of Shareholders;
d. Organization and documentation of meetings of the Board of Directors and/or Board of Commissioners; and
e. Implementation of orientation program on the Company for the Board of Directors and/or Board of
Commissioners.
i. As a liaison between the Company and Shareholders, Financial Services Authority, and other Stakeholders.
ii. Plan, coordinate and ensure the implementation of Corporate Actions such as GMS, Public Expose, CSR,
dividend distribution, and Bond/MTN Issuance to be carried out properly and smoothly.
iii. Ensure that the Articles of Association, licenses, and agreements made by the Company are in accordance
with applicable regulations.
iv. Oversee and coordinate the whistleblowing system to streamline internal control.
v. Ensure the People Management function in the Corporate Secretary division runs smoothly.
Corporate Secretary Competency Development
The Company facilitates the implementation of development programs for the Corporate Secretary in order to
improve competency. This program is expected to have a positive impact on the productivity and effectiveness of the
Corporate Secretary’s performance. Competency improvement activities participated in by the Corporate Secretary
Division Head in 2024 are as follows:
Participant Training Type/Material Organizer Time & Place
Dadan Hamdhani Kick Off Anti Fraud MTF Online, 15-Nov-24
Transformational Leadership Zulkifli Zaini Bogor, 03-Dec-24
Financing Basic Certification Training - Managerial LSPPI Online, 23-Jan-25
Implementation of Corporate Secretary Duties in 2024
In general, activities that have been carried out by the Corporate Secretary throughout 2024 include:
1. Organizing the Annual General Meeting of Shareholders for the Financial Year 2023 and the Extraordinary
General Meeting of Shareholders in 2024;
2. Organizing regular Board of Directors Meetings and Board of Commissioners Meetings;
3. Reporting the Company’s obligations to the Regulator;
4. Establishing relationships with external parties, especially stakeholders;
5. Organizing Company events, both internal and external events;
6. Implementing Corporate Social Responsibility, Financial Literacy and Inclusion activities;
7. Fostering relationships with mass media and monitoring news coverage;
8. Managing and updating the Company’s website contents;
9. Engaging in public recognition activities and sponsor participation;
10. Reviewing and recommending the updating and improvement of policies, provisions, and procedural systems
owned by the Company so that they are in accordance with the provisions/regulations and applicable laws and
regulations; and
11. Handling customer complaints and making regular mandatory reporting.
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PUBLICATION OF
COMPANY INFORMATION
The Company is committed to always carrying out the principle of information disclosure by publishing
various activities or information about the Company throughout the financial year 2024. This is in accordance
with Bapepam and LK Regulation No. X.K.1 (Decree of the Chairman of Bapepam and LK No. Kep-86/PM/1996
dated 24 January 1996) and Jakarta Stock Exchange Regulation No. I-E.IV (Decree of the Board of Directors
of PT Bursa Efek Jakarta No. Kep-306/BEJ/07-2004 dated 19 July 2004). Disclosure of material information
is made by the Company through reports or press releases.
MONTHLY FINANCIAL REPORT
OF FINANCING COMPANY
Based on OJK Regulation No. 3/POJK.05/2013 concerning Monthly Reports of Non-Bank Financial Services
Institutions and OJK Circular Letter No. 26/SEOJK.05/2019 concerning Amendments to OJK Circular Letter
No. 3/SEOJK.05/2016 concerning Monthly Reports of Financing Companies, Financing Companies are
required to submit Monthly Reports to OJK no later than the 10th of each month. Throughout 2024, the
Company has reported to OJK Monthly Financial Statements in a timely manner and in accordance with
applicable regulations, as follows:
Report Month Period Year 2024 Report Delivery Date
January 7 February 2024
February 8 March 2024
March 9 April 2024
April 8 May 2024
May 7 June 2024
June 8 July 2024
July 8 August 2024
August 6 September 2024
September 8 October 2024
October 8 November 2024
November 9 December 2024
December 9 January 2025
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OBLIGATION TO SUBMIT
FOREIGN EXCHANGE DEBT DATA
Based on OJK Letter No. S-30/PM.2/2013 dated 7 February 2013 and No. S-124/PM.23/2013 dated 27
February 2013 regarding Request for Debt/Liability Data in Foreign Currency, Issuers, or Public Companies
are requested to submit:
1. Report on the amount of debts/liabilities in foreign currency
2. Projected monthly foreign currency debt/liability payments
3. Information on maturity of foreign currency debts/obligations In the event that the issuer does not have or has
foreign currency debts/obligations, the issuer is required to report to OJK using the prescribed form. The above
report must be submitted to OJK no later than the 10th day of each month using the formula as attached in OJK
letter No. S-30/PM.2/2013 dated 7 February 2013.
Throughout 2024, the Company has reported to OJK the foreign currency debt/liability report in a timely
manner and in accordance with applicable regulations, as follows:
Report Month Period Year 2024 Report Delivery Date
January 6 February 2024
February 5 March 2024
March 16 April 2024
April 7 May 2024
May 6 June 2024
June 9 July 2024
July 6 August 2024
August 5 September 2024
September 4 October 2024
October 6 November 2024
November 5 December 2024
December 7 January 2025
ACTIVITIES TO FOSTER RELATIONSHIPS
WITH MASS MEDIA
The Company always maintains a good relationship with the Mass Media as a partner in disseminating
information about the Company’s condition. The Company regularly organizes activities with the mass
media to improve communication by conducting various activities.
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AWAKENING A NEW SPIRIT LEADING THE MARKET
MANAGEMENT OF ACCESS TO
COMPANY INFORMATION AND DATA
The Company always makes it easy for stakeholders to access company information and data through the
website www.mtf.co.id. Apart from being a means of disseminating information to the public, this website is
also an effort by the Company to implement GCG practices and transparency to all stakeholders.
WEBSITE
MANAGEMENT
In accordance with OJK Regulation No. 8/POJK.04/2015 concerning Website of Issuers and Public Companies,
the Company has an official website that reflects the Company’s identity and can be accessed at www.mtf.
co.id. The Company’s website is divided into 2 (two) platforms, namely the product and service website with
the address www.mtf.co.id managed by marketing, and the corporate website with the address www.mtf.
co.id/korporat managed by the Corporate Secretary.
The Company regularly updates its website to keep stakeholders updated with the latest information related
to the Company and to comply with the prevailing laws and regulations. The Company’s website also provides
contact numbers as well as email and postal addresses that can be contacted for further communication
with stakeholders. The Company has made efforts to make adjustments to the Company’s website based on
OJK Regulation No. 8/POJK.04/2015.
The contents of the Company’s corporate website www.mtf.co.id/korporat is presented below in accordance
with OJK Regulation No. 8/POJK.04/2015 on the Website of Issuers or Public Companies.
Compliance with
POJK No. 8/POJK.04/2015 regarding MTF Website
No. Description
the Website of Issuers or Public Companies
Yes No N/A
General Conditions
1. The Issuer or Public Company already has a Website. Web access via: www.mtf.co.id
✓ and www.mtf.co.id/korporat/
id
2. a. The Website of the Issuer or Public Company has been made • POJK No. 8/POJK.04/2015
with due observance of the laws and regulations. ✓ • POJK No. 31/POJK.04/2015
• POJK No. 29/POJK.04/2016
b. The Website has a Website address that reflects the identity
✓ Yes
of the Issuer or Public Company.
3. a. The Website of the Issuer or Public Company has presented
information in Bahasa Indonesia and foreign languages, ✓ Yes
provided that the foreign language used is at least English.
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Compliance with
POJK No. 8/POJK.04/2015 regarding MTF Website
No. Description
the Website of Issuers or Public Companies
Yes No N/A
b. IInformation presented in foreign languages already contains
the same information as information presented in Bahasa ✓ Yes
Indonesia.
Information Contained on the Website
4 a. The Website has contained information about the Issuer or
Public Company that is open to the public, actual, and up- ✓ Yes
to-date.
b. The information as referred to in letter a has fulfilled the
following conditions:
1. Properly presented and not misleading regarding the
✓ Yes
condition of the Issuer or Public Company;
2. Presented in a clear manner that is easy to understand;
✓ Yes
and
3. Accessible at all times by all parties. ✓ Yes
General information of Issuer or Public Company
5 Matters that must be disclosed include:
a. Name, address and contact details of the head office and/
or representative office of the Issuer or Public Company, and Head office and branch office
✓
factory address (if any) which at least includes telephone addresses are available.
number, fax number, and electronic mail address;
b. Brief history of the Issuer or Public Company; ✓ Available
c. Organizational structure of the Issuer or Public Company; ✓ Updated on 5 March 2023
d. Ownership structure of the Issuer or Company
Public, including::
1. Description of the names of shareholders and percentage MTF is a non-listed company,
of ownership at the end of each month; ✓ so the share ownership
information has not changed..
2. Information on major shareholders and controlling
shareholders of the Issuer or Public Company, either
✓ Available
directly or indirectly, down to individual owners,
presented in the form of schemes or diagrams; and
3. Name of subsidiaries, associated companies, joint
venture companies where the Issuer or Public Company None because the Company
has joint control of the entity, along with the percentage ✓ does not have any
of share ownership, line of business, and operating status subsidiaries.
of the company (if any);
e. Group structure of the Issuer or Public Company in the form
Group structures of Bank
of a chart that at least includes companies in the Issuer or
✓ Mandiri and Tunas Ridean are
Public Company group that are under the supervision of the
available.
Financial Services Authority;
f. Profiles of the Board of Directors, Board of Commissioners,
Committees, and Corporate Secretary include at least:
1. photo; ✓ -
2. name; ✓ -
3. position history, including concurrent positions ✓ -
4. education history; and ✓ -
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Compliance with
POJK No. 8/POJK.04/2015 regarding MTF Website
No. Description
the Website of Issuers or Public Companies
Yes No N/A
5. affiliation of members of the Board of Directors
and members of the Board of Commissioners with
other members of the Board of Directors and/or ✓ -
members of the Board of Commissioners, as well as
shareholders (if any);
g. Name and address of:
1. Public Accountant who audits the financial statements of
✓ -
the Issuer or Public Company in the current year;
2. Securities Rating Agency (if any); ✓ -
3. Trustee (if any); and/or ✓ -
4. Securities Administration Bureau (if any); and ✓ -
h. Articles of Association document. ✓ Available
Information for financiers or investors
6 Matters that must be disclosed include:
Information for financiers or investors that must be disclosed
include:
a. Public Offering Prospectus; ✓ Available
b. Annual report, for the period of the last 5 (five) financial
✓ Available
years; and
c. Financial information, including at least:
1. Annual financial statements, for the period of the last 5
✓ Available
(five) financial years;
2. Semi-annual financial statements, for the period of the
✓ Available
last 5 (five) financial years; and 3.
3. Summary of key financial data, in comparative form for
✓ Available
the last 5 (five) financial years which at least contains:
a) revenue; ✓ -
b) lgross profit; ✓ -
c) profit (loss); ✓ -
d) total attributable profit (loss)
to owners of the parent entity and ✓ -
non-controlling interests;
e) total comprehensive profit (loss); ✓ -
f) total comprehensive profit (loss)
attributable to owners of the parent entity ✓ -
and non-controlling interests;
g) profit (loss) per share; ✓ -
h) total assets; ✓ -
i) total liabilities; ✓ -
j) Total equity; ✓ -
k) ratio of profit (loss) to total assets; ✓ -
l) ratio of profit (loss) to equity; ✓ -
m) ratio of profit (loss) to revenue; ✓ -
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Compliance with
POJK No. 8/POJK.04/2015 regarding MTF Website
No. Description
the Website of Issuers or Public Companies
Yes No N/A
n) current ratio; ✓ -
o) ratio of liabilities to equity; ✓ -
p) ratio of liabilities to total assets; and ✓ -
q) other financial information and ratios relevant to the
✓ -
company and its industry;
d. General Meeting of Shareholders information,
includes at least:
1. Announcement and summons; ✓ -
2. Agenda materials discussed in
✓ Available
General Meeting of Shareholders;
3. Curriculum vitae of prospective members of the Board
of Directors and the Board of Commissioners if there There is a change in the Board
is an agenda item for the appointment or replacement ✓ of Commissioners in the GMS
of members of the Board of Directors and the Board of in 2024
Commissioners; and
4. Summary of the minutes of the General Meeting of
✓
Shareholders;
e. Share information, including at least:
1. Number of shares outstanding; Data in the form of share
✓
composition information
2. Share split (if any); ✓ -
3. Share merger (if any); ✓ -
4. Bonus shares (if any); and ✓ -
5. Change in par value of shares (if any); ✓ -
f. Information on bonds and/or Sukuk, at least includes:
a. Value of bonds and/or Sukuk outstanding/payable
✓ Available
(outstanding bond);
b. Bond and/or Sukuk rating results; ✓ -
c. Maturity date; and ✓ -
d. Bond interest rate and/or Sukuk yield; ✓ -
g. Dividend information; ✓ Available
h. Information for financiers or investors, public media, and/or
✓ -
analysts (if any);
i. Information related to corporate actions taken by the Issuer
or Public Company and actions taken by other parties against
the Issuer or Public Company (if any), including:
1. Affiliated Transactions and Conflict of Interest in Certain
✓ -
Transactions;
2. Material Transactions and changes in
✓ -
Main Business;
3. Material Transactions and changes in
✓ -
Main Business;
4. Takeover of a Public Company; ✓ -
5. Quasi Reorganization; ✓ -
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Compliance with
POJK No. 8/POJK.04/2015 regarding MTF Website
No. Description
the Website of Issuers or Public Companies
Yes No N/A
6. Repurchase of issued shares by the Issuer or Public
✓ -
Company;
7. Bonus Share Distribution; ✓ -
8. Tender Offer Statement; ✓ -
9. Share buyback by Issuers or Public Companies in
✓ -
potentially critical market conditions; and
10. Share ownership program by the Board of Directors,
members of the Board of Commissioners, and employees ✓ -
of the Issuer or Company Public or controlled parties; and
j. Material Information or Facts other than those disclosed in
✓ -
this Financial Services Authority Regulation.
Corporate governance information
7 Matters that must be disclosed include:
a. Board of Directors and Board of Commissioners work Completed in the information
✓
guidelines; disclosure section
b. Appointment, dismissal, and/or vacancy of the Corporate
Secretary, including temporary Corporate Secretary, as well ✓ Available.
as supporting information;
c. Internal Audit Unit Charter; Completed in the information
✓
disclosure section
d. Code of ethics; ✓ Available
e. Committee guidelines; ✓ Available
f. Appointment and dismissal of Audit Committee members; ✓ Available
g. Description of Nomination and Remuneration procedures, if
✓ Available
no Nomination and Remuneration Committee is established;
h. Risk management policy; ✓ Available
i. Policy on violation reporting system mechanism (if any); ✓ Available
j. Anti-corruption policy (if any); ✓ -
k. Policies related to supplier selection and creditor rights (if
✓ -
any); and
l. Policy on vendor upgrading (if any). ✓ -
Corporate social responsibility information
8 a. Information on corporate social responsibility includes
policies, types of programs, and costs incurred by the Issuer ✓
or Public Company.
b. Policies, program types, and costs as referred to in letter a
are related to aspects:
1. Living environment; ✓ Available
2. Employment, health, and safety practices ✓ Available
3. Social and community development; and ✓ Available
4. Product and/or service liability, with supporting
✓ Available
information.
9 The information contained in the Website contains the same
✓ Available
information as the information required in each relevant regulation.
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AWAKENING A NEW SPIRIT LEADING THE MARKET
CUSTOMER
SERVICE
The Company provides customer service channels that can be used by customers to ask questions, request
data, and complaints
Email : customer.service@mtf.co.id (Monday to Friday, 08:30–17:30 WIB)
Care center : 15000 59 (Monday to Friday, 08:00–17:00 WIB)
CORPORATE
SOCIAL NETWORKING
The Company also pays attention to the development of social media as a communication facility for
interaction with all stakeholders. For this reason, the Company opens online communication channels
through various social media.
Facebook Fanpage : Mandiri Tunas Finance Chatbot MARSHA : 62 811-1455-740
Instagram : @mandiritunasfinance Youtube : Mandiri Tunas Finance
LinkedIn : Mandiri Tunas Finance Website : mtf.co.id
Twitter : @mandiritunasfin
MOBILE
APPLICATION
The Company has several mobile applications based on Android and iOS operating systems that can be used
by customers and the public to obtain motor vehicle financing services from the Company.
1. MTF Mobile Apps c. Mobile License Plate 2. HC EAZY
a. Mobile Survey d. MTF Report 3. Mobile Report
b. Mobile Collection e. MTF OSR 4. MTF Mobile
5. MTF1Access
MEDIA
RELATIONS
The Company utilizes the mass media as a partner to disseminate information about the Company to the
public. Media relations activities have been reviewed in the Corporate Secretary section of this annual report.
ANNUAL
REPORT
The Company also publishes an Annual Report book which is distributed to shareholders and other
stakeholders. The publication and submission of the Annual Report is also a form of the Company’s fulfillment
of the provisions of the regulations and information of the Company as well as one of the requirements for the
implementation of the GMS.
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INFORMATION GOVERNANCE AND
ACCESS TO COMPANY DATA FOR INTERNAL AFFAIRS
The Company provides access to company information and data for employees to provide convenience in
carrying out tasks and accessing various facilities with the following channels and media:
Application Name Function
Estar Core App System used by Mandiri Tunas Finance for all processes from acquisition to integrated account
management.
Mobile Collection Mobile application used by Collection Team to support the billing process customers.
Mobile Survey Mobile application that helps Sales Team to prospect and survey customers
HC Eazy HC Eazy is a Human Resource Information System (HRIS) application that is used by Mandiri Tunas Finance
internal employees to access employee data, employee benefits such as leave, attendance, and others.
KMS Knowledge Management System used by the Company internally for information centers, usage guides and
Q&A related to applications in the company.
Eprocurement The eprocurement application is used by the Procurement Department and vendors as a means of submitting
prices when conducting procurement.
Helpdesk System Helpdesk System is a web application used by Mandiri Tunas Finance internal employees to get assistance
from IT personnel to solve IT-related problems experienced by employees at the Head Office and at Branch
Offices
I-Care i-Care is a web application used by Customer Care to process complaints, criticisms and suggestions
submitted by Mandiri Tunas Finance customers
Queuing System Queuing System is a web application that is used in the Customer Lounge and at the Branch Office as a
queuing system for customers who come to the Customer Lounge and Branch Office.
Email System Office Office 365 email has replaced the email system of Mandiri Tunas Finance employees who previously used
365 Microsoft Exchange. Office 365 uses cloud for its email system so that it does not become a burden on the
Mandiri Tunas Finance server.
Oracle Accounting Oracle Accounting System is an application used by the Accounting Team for effective management control
System and real-time visibility into financial results.
MTF1ACCESS Mobile application for MTF sales officers to speed up the credit process and facilitate monitoring.
MTF Mobile Mobile application that makes it easier for MTF customers to get services digitally. This application has several
main features, such as payment, booking and BPKB collection, live chat, insurance claims, and accelerated
repayment.
Mobile Report An internal application to view reports online and realtime via Mobile Phone. The application helps provide
information about business development and other important information.
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AWAKENING A NEW SPIRIT LEADING THE MARKET
RISK MANAGEMENT
FUNCTION
The Company has a Risk Management Division, Appointing and Dismissing the Head
consisting of Retail Risk Management and Corporate of Risk Management
Risk Management, which is tasked with managing The Head of Risk Management is an officer of the
risks to avoid the impact of losses to the Company Company who is appointed and dismissed by the
caused by the risks faced.. President Director based on the Company’s internal
mechanism.
Overview of Risk Management
System at Mandiri Tunas Finance Head of Risk Management Profile
The Company has implemented risk management with Based on the Decree of the Board of Directors No.
reference to POJK No. 44/POJK.05/POJK.05/2020 00093/SK-HCP.SVC/HC/VII/2023 dated 1 August
concerning the Implementation of Risk Management 2023 and Decree of the Board of Directors No.
for Non-Bank Financial Services Institutions. The risk 00017/SK-HCP.SVC/HC/IV/2023 dated 30 April
management function is designed to be independent 2023, the President Director appointed Indra
from the business and operational functions work Budi Laksana as Head of Retail Risk Management
units which are given access to provide information to Division and Vitriati Hartika Tapiheroe as Head of
the Board of Directors and Commissioners regarding Operational & Corporate Risk Management of the
risk assessment, changes in risk profile, risk limit Company.
assessment and events that may have a material
impact on the company’s business continuity and
operations.
Indra Budi Laksana
Head of Retail Risk Management Division
Age Citizenship Domicile
48years old Indonesia South Tangerang
Legal Basis for Appointment
Decree of the Board of Directors No. 00093/SK-HCP.SVC/HC/
07/2023
Term of Office
Since 1 August 2023
Tenure
1st (first)
Education History
• Master’s Degree (S2) in Communication Science, Institute of Communication and Business LSPR (2020–2024)
• Bachelor’s Degree (S1) in International Relations from Universitas Gadjah Mada (1995–1999)
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Work Experience
• Retail Risk Management Division Head PT Mandiri Tunas Finance (2023 - present)
• Department Head Micro Productive Collection & Recovery PT Bank Mandiri (Persero) Tbk. (2019 - 2023)
• Consumer Collection & Recovery Head of PT Bank Mandiri (Persero) Tbk. (2017 - 2019)
• Retail Credit Collection Head of PT Bank Mandiri (Persero) Tbk. (2015 - 2017)
• Retail Risk & Collection Center Manager PT Bank Mandiri (Persero) Tbk. (2013 - 2015)
• Team Leader Collection & Recovery Analytics PT Bank Mandiri (Persero) Tbk. (2011 - 2013)
• SPS RC Collection & Recovery Analytics, PT Bank Mandiri (Persero) Tbk. (2010 - 2011)
Concurrent Position
Inside the Company : None
Outside the Company : None
Expertise/Certification
• Risk Management Certification One Level Below Board of Directors - Financing Professional Certification Institute Indonesia
(2023)
• Basic Financing Certification - Managerial from PT Sertifikasi Profesi Pembiayaan Indonesia (SPPI) (2023)
• Banking Risk Management Certification - Level 3 by Banking Professional Certification Institute (2019)
Vitriati Hartika Tapiheroe
Head of Operational & Corporate Risk
Management Division
Age Citizenship Domicile
48 years old Indonesia Jakarta Selatan
Legal Basis for Appointment
Decree of the Board of Directors No. 00056/SK-HCP.SVC/HC/
V/2024
Term of Office
Since 2 May 2024
Tenure
1st (first)
Education History
Bachelor (S1) Marine Engineering from Bandung Institute of Technology (1997 - 2002)
Work Experience
• Operational & Corporate Risk Management Division Head Division Head of PT Mandiri Tunas Finance (2023–present)
• Head of Risk - Indonesia Allianz Trade ASEAN, PT Asuransi Allianz Utama Indonesia (2016–2023)
• Corporate Credit Manager, PT Chandra Sakti Utama Leasing (2014–2016)
• Senior Credit Analyst, PT Chandra Sakti Utama Leasing (2012–2014)
• Senior Credit & Risk Analyst, PT ORIX Indonesia Finance (2010–2011)
• Senior Staff General Affairs, PT ORIX Indonesia Finance (2007–2009)
• Leasing Account Manager, PT ORIX Indonesia Finance (2003–2007)
Concurrent Position
Inside the Company : None
Outside the Company : None
Expertise/Certification
• Qualified Chief Risk Officer (QRCO), National Professional Certification Agency (2018)
• Risk Management Certification One Level Below Board of Directors - Indonesian Financing Professional Certification Institute
(2023)
• Qualified Chief Risk Officer, Professional Certification Institute - Mitra Kalyana Sejahtera (2024)
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Organizational Structure and Position of Risk Management Function
CHIEF
Retail Risk Management Division Head Corporate Risk Management Division Head
Data Enterprise Retail Credit Risk &
Policy & Procedure Operational Risk Corporate Risk BCM & IT Risk
Management Asset Liquidity
Department Head Department Head Department Head Department Head
Department Head Department Head
In 2024, the Retail Risk Management Division and Corporate Risk Management Division and Operational &
Corporate Risk Management Division have a total of 39 employees with the following details:
Number of Employees of
Number of Employees of Operational & Total number
Position/Function Retail Risk Management
Corporate Risk Management Division of employees
Division
Head of Division 1 people 1 people 2 people
Head of Department 3 people 3 people 6 people
Analyst and Section Head 10 people 9 people 19 people
Officer 5 people 7 people 12 people
Jumlah 15 people 20 people 39 people
Risk Management Professional Certification
Professional certification is very important for risk managers to understand the development of risk management.
The following is a list of professional certifications held by the Retail Risk Management Division and Operational
& Corporate Risk Management Division
Division Retail Risk Management Operational & Corporate Risk Management
Certificate Type Number of Ratio to Total Number of Ratio to Total
Employees (people) Division Employees Employees (people) Division Employees
(%) (%)
Risk management 13 people 68% 9 people 45%
professional certificate
from the Risk Management
Certification Board (BSMR)
Basic Managerial Certification 3 people 75% 4 people 20%
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Duties and Responsibilities of Risk Management Function
The duties and responsibilities of the Risk Management Function are:
1. Identify risks inherent in the company’s business activities.
2. Develop a risk measurement method.
3. Monitor the implementation of risk management strategies as well as the overall risk position per risk type and
conduct testing using abnormal condition scenarios using historical data.
4. Provide recommendations to business and operational units.
5. Prepare and submit risk profile reports to the Board of Directors.
6. Periodically review the risk management process and proposals for business development or expansion.
Risk Management Competency Development
The Company is committed to improving employee competencies, including for employees in the risk management
function, especially competencies in the field of risk management. This program is expected to have a positive
impact on the productivity and effectiveness of the Company’s risk management performance.
Competency improvement activities that have been followed by Retail Risk Management Division Head and
Operational & Corporate Risk Management Division Head in 2024 are as follows:
Participan Training Type/Material Organizer Time & Place
Indra Budi Financing Basic Certification Training - Indonesian Financing Professional Jakarta, 13 – 15 May 2024
Laksana Managerial Certification Institute
(Retail Risk
Understanding the Climate Landscape for OJK Institute Jakarta, 26 September
Management
Financial Institutions 2024
Division Head)
Seminar on Economic Outlook 2025 Association of Indonesian Financing Jakarta, 01 October 2024
Companies
Training on Internal Control over Financial Bank Mandiri Jakarta, 18 & 20
Reporting (ICOFR) November 2024
Vitriati Hartika Financing Basic Certification Training - Indonesian Financing Professional Jakarta, 15-22 Mei-24
Tapiheroe Managerial Certification Institute
(Operational &
Qualified Chief Risk Officer Professional Certification Institute - Jakarta, 6 – 7 November
Corporate Risk
Mitra Kalyana Sejahtera 2024
Management
Division Head Seminar on Internal Control over Financial Bank Mandiri Jakarta, 18 & 20
Reporting (ICOFR) November 2024
Brief Report on the Implementation of Risk Management Tasks in 20244
Throughout 2024 the risk management function has carried out the following tasks:
1. Monitor risk profiles and manage all risk profiles in order to establish risk appetite, risk limits and risk
management strategies contained in the Risk Appetite Statement (RAS).
2. Monitor and evaluate the overall development and quality of the portfolio.
3. Maintain the Health level of the company to always be in a minimum healthy condition and compile and make
Health level reports to the Board of Directors, Commissioners and regulators.
4. Periodically conduct stress testing to measure the impact of changes in macroeconomic factors on the
condition of the Company’s capital, liquidity, asset quality, and profit based on the scenario set.
5. Develop and/or evaluate and improve the Company’s policies and procedures.
6. Develop Portfolio Guideline & Industry Limit used especially in the Corporate Fleet segment, and adjusted the
risk acceptance criteria for financing.
7. Monitor the handling of delinquent debtors through overdue meetings and watchlist tools as part of the Early
Warning System in the Corporate Fleet segment.
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AWAKENING A NEW SPIRIT LEADING THE MARKET
8. Safeguard the Company’s Operational Risk and implement Business Continuity Management (BCM), among
others:
a. Post check audit through Quality Assurance (QA) on parameters as required.
b. Optimization of the Regional Control Officer (RCO) function, namely maximizing the RCO’s duties in controlling
& monitoring branch operational activities.
c. Alignment standardization Business Continuity Management (BCM) of the parent company.
d. Implementation of Business Impact Analysis (BIA) assessment and Risk Threat Assessment (RTA) as well as
formulation of Business Continuity Plan (BCP) document..
9. Actively involved in ensuring Personal Data Protection Law compliance.
10. Conduct risk identification, evaluation, and mitigation to ensure conformity with the standard of achieving
ISO 37001 anti-bribery management system certification.
Risk Management Performance Assessment in 2024
Throughout 2024, the risk management function has carried out all the targets set and all initiatives implemented
have succeeded in maintaining the quality of the financing portfolio where the Non-Performing Financing (NPF)
level is well maintained at the level of 1.05% in 2024.
INTERNAL
AUDIT
The Internal Audit function is one of the requirements in the implementation of Good Corporate Governance
Principles and must be applied in the management of a Financing Company. The Internal Audit function
is an assurance and consulting activity that aims to increase value and improve company operations, by
evaluating the effectiveness of the implementation of internal control, risk management, and corporate
governance processes.
The position of Internal Audit in the organization is directly under and responsible to the President Director,
and can communicate directly with the Board of Directors and the Board of Commissioners through the
Audit Committee to inform various matters related to audit activities
Appointing and Dismissing the Head of Internal Audit
The Head of the Internal Audit Unit is an officer of the Company who is appointed and dismissed by
the President Director based on the Company’s internal mechanism with the approval of the Board of
Commissioners and reported to the Regulator.
Authority and Accountability
To be able to carry out its duties effectively, Internal Audit is given authority and responsibility with due regard
to the principles of independence, objectivity, and professionalism. The authority of Internal Audit includes:
conducting internal audit activities on the activities of all work units of the head office and branch offices,
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05
accessing all information, employee records and resources, and other matters deemed necessary, conducting
investigative activities on activities that indicate fraud and violations of the code of conduct, and participating
in strategic meetings without having voting rights.
While the responsibilities of Internal Audit include: preparing the Annual Audit Plan with the approval of the
President Director, carrying out internal audit activities with an emphasis on high-risk areas/activities and
evaluating the adequacy of internal controls, monitoring follow-up on the results of internal audit activities,
developing programs to improve the quality of Internal Audit, and as a counterpart to External Audit
Head of Internal Audit Profile
Based on the Decree of the Board of Directors No. 00078/SK-HCP. SVC/HC/06/2022 dated 22 June 2022, the
President Director appointed Bayu Mario as Head of Internal Audit of the Company, and has been reported to
OJK through letter No. 128/MTF-CLC.CCS/VI/2022 on 24 June 2022.
Bayu Mario
Head of Internal Audit
Age Citizenship Domicile
54 years old Indonesia Tangerang
Legal Basis for Appointment
Decree of the Board of Directors No. 00078/SK-HCP.SVC/HC/
06/2022
Term of Office
Since 22 June 2022
Tenure
1st (first)
Education History
• Master (S2) Management from Universitas Trisakti (2003)
• Bachelor (S1) Economics majoring in Accounting from Universitas Sriwijaya (1996
Work Experience
• PT Bank Mandiri (Persero) Tbk (1999–2022) as Auditor, Quality Assurance & Control, Credit Operation, Mandiri University.
• PT Bank Dagang Negara (1996) as Officer Development Program
Concurrent Position
Inside the Company : None
Outside the Company : None
Expertise/Certification
• Qualified Internal Auditor (QIA) certification by Yayasan Pendidikan Internal Audit (YPIA) 1998
• Certified Fraud Examiner (CFE) by Association of Certified Fraud Examiners (ACFE) - 2011
• Certified Chartered Accountant (CA) by the Indonesian Institute of Accountants - 2021
• Level 3 Risk Management Certification by the National Professional Certification Agency (BNSP) - 2018
• Internal Audit Certification - Supervisor by the National Professional Certification Agency (BNSP) - 2015
• ISO 37001 Anti-Bribery Management System (SMAP) Certification - 2024
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Organizational Structure and Internal Audit Position
Structurally, Internal Audit is 1 (one) level below the Board of Directors. The Head of Internal Audit reports directly to
the President Director. The following is the organizational structure and position of Internal Audit which describes
the scope of duties and functions as well as its coordination within the Company’s organization.
PRESIDENT DIRECTOR
Corporate Audit Division Head
Corporate Audit Dev. & Distribution & Business Distribution & Support IT Corporate Audit
Assurance Dept. Head Audit Dept. Head Audit Dept. Head Dept. Head
Until the end of 2024, the Internal Audit Unit has 27 (twenty seven) employees with details of placement and duties
as follows:
Position/Function Number of Employees
Head of Division 1
Head of Department 4
Lead Auditor 12
IT Audit Analyst 2
Audit Development Section Head 1
MIS Audit Analyst 1
Quality Assurance Analyst 2
Auditor 3
Audit Admin 1
Total 19 people
The number of employees is the result of identification and review of the management of the internal control
system and the effectiveness of its supervision carried out by the Management of the Company.
The Internal Audit Unit always strives to provide continuing education for all its personnel to meet adequate
qualifications and competencies including professional certification in the field of Internal Audit. The
professional certifications that have been obtained by Internal Audit Personnel until 2024 can be seen in the
table below.
Certificate Type Number of Employees (people)
Basic Financing Certification - Managerial 5 (Bayu Mario,Linda Gozali, Indra, Maya, Kusriadi)
Certified Fraud Examiner (CFE) 1 (Bayu Mario)
Certified Chartered Accountant (CA) 1 (Bayu Mario)
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Certificate Type Number of Employees (people)
Qualified Internal Audit (QIA) 3 (Linda Gozali, Maya, Ridwan)
Risk Management Certification (BSMR) Level 2 1 (Maya)
Risk Management Certification (BSMR) Level 3 1 (Bayu Mario)
Certified Public Accountant (CPA) 1 (Handayani)
Certified Lead Auditor ISO 27001:2022 1 (Kusriadi)
ISO 37001 Anti-Bribery Management System (SMAP) Certification 5 (Bayu Mario, Linda Gozali, Suci, Prasetyo, Ridwan
The Company is committed to increasing the level of Internal Audit Code of Ethics
professional certification for Internal Audit employees, In carrying out their duties and responsibilities,
both for employees who already have professional internal auditors are required to be professional and
certification and those who do not have it. comply with the established code of ethics. The Code
of Ethics is the professional principles of internal
Internal Audit Code of Conduct auditors in conducting audits, namely: Integrity,
To fulfill the provisions of OJK Regulation No. 56/ Objectivity, Confidentiality, and Competence. Internal
POJK.04/2015 on the Establishment and Guidelines Auditors are expected to apply the principles of the
for the Preparation of Internal Audit Unit Charter, the code of ethics, as follows:
Company has an Internal Audit Charter that has been
approved by the Board of Directors and the Board Integrity
of Commissioners, as a reference or guideline in Internal Auditors have a personality based on
carrying out its duties, obligations, and authorities. honesty, courage, wisdom, and responsibility to build
trust in order to provide a basis for reliable judgment.
The Internal Audit Charter states that: Objectivity
1. The Internal Audit Division is led by a Division • Internal Auditors uphold professional impartiality
Head who is appointed and dismissed by the in collecting, evaluating, and processing data/
President Director with the approval of the Board information about the activity or process being
of Commissioners. examined.
2. The Head of the Internal Audit Division reports • The Internal Auditor makes a balanced assessment
directly to the President Director and reports to (judgment) by taking into account all relevant
the Audit Committee. circumstances and is not influenced by personal
3. The appointment, replacement, or dismissal of the interests or others.
Head of Internal Audit Division is reported to the Confidentiality
authority authorized to regulate and supervise the Internal Auditors respect the value and ownership
Company’s business activities. of information received and do not disclose
4. All Internal Auditors in the Internal Audit Division information without authorized authorization,
report to the Head of the Internal Audit Division. unless there is a legal or professional obligation to
disclose the information.
Internal Audit Independence Competence
Internal Auditors have independence in carrying • Internal Auditors use the necessary knowledge,
out Internal Audit activities, expressing views and expertise, experience, and skills in carrying out
thoughts in accordance with the profession and their assigned duties.
applicable standards, expressing views without • The internal audit activity must be carried out
influence or pressure from other parties, freedom with professional expertise and proficiency,
in applying the method/scope of audit techniques namely having the knowledge, skills, and
to be carried out, not carrying out activities that are other competencies needed to carry out its
operational in nature and not performing concurrent responsibilities.
duties and positions.
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Internal Audit Function systems to gain confidence that the company’s
In general, the functions of Internal Audit are divided goals and objectives can be achieved optimally
into 2 (two), namely assurance and consulting and continuously.
functions. 2. Investigate, report, and submit recommendations/
a. Assurance Function conclusions on fraud to Management.
The implementation of the assurance function aims 3. Develop and implement programs to evaluate and
to ensure that internal control, risk management improve the quality of Internal Audit.
and governance have been carried out by all work 4. Provide recommendations on audit results and
units accordance with the written policies and monitor follow-up on the results of Internal Audit
procedures. Company and external regulations. activities and investigation activities.
The implementation of the assurance function 5. Assist the duties of the President Director and
aims to provide an independent assessment the Board of Commissioners in conducting
that internal control, risk management and supervision by describing operationally both
governance have been carried out by all work units planning, implementation, and monitoring of
in accordance with policies and procedures in the audit results.
Company and external regulations. In carrying out 6. Coordinate its activities with the activities of
the assurance function, Internal Audit utilizes the internal audit and other assurance provider units/
risk-based audit (RBA) method. In this method, functions, in order to achieve comprehensive and
the determination of work units and activities optimal audit results.
to be audited as well as the scope of the audit is 7. Can communicate directly with the Board
carried out based on risk evaluations carried out of Directors, Board of Commissioners, Audit
periodically with a focus on the main risks in all lines Committee.
of the Company both in the Branch/Region office 8. Analyze and assess operational and other
network and Head Office based on management activities through audits.
concerns, input from work units, analytic data and 9. Identify any possibilities to improve and increase
those that are mandatory (regulations). the efficiency of the use of resources and funds.
. 10. Provide suggestions for improvement and
b. Consulting Function objective information about the activities
In addition to the assurance function, Internal examined at all levels of management.
Audit also carries out a consulting function 11. Prepare an audit report and submit the report
as a strategic partner in order to improve the to the President Director and other members
effectiveness and efficiency of the Company’s of the Board of Directors and the Board of
processes and activities through review and Commissioners through the Audit Committee.
evaluation of risks and controls by providing 12. Monitor, analyze, and report on follow-up results
suggestions and input for process and activity of Internal A udit Activities and Investigation
improvements. In carrying out its own analysis Activities.
function which is an Internal Audit initiative or
in collaboration with other work units based on Internal Audit Authority
requests from management and work units. 1. Conduct internal audit activities on the activities
of all work units of the head office and branch
Duties,Responsibilities, and offices in the Company’s organization.
Authority of Internal Audit 2. Communicate directly with the Board of Directors,
Duties and responsibilities of Internal Audit Board of Commissioners and/or Audit Committee.
1. Plan and implement Internal Audit activities with 3. Hold regular and incidental meetings with the
an emphasis on areas/activities that have high Board of Directors, Board of Commissioners, and/
risks and evaluate existing procedures/control or Audit Committee.
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05
4. Communicate with external auditors including 8. Participate in strategic meetings without
regulators. voting rights.
5. Access to all information, records, employees, and
including but not limited to employee accounts/ Internal Audit Competency
records and resources and other matters deemed Development
necessary in relation to its duties and functions. The Company facilitates the implementation of
6. Conduct investigative activities on activities development programs for Internal Auditors in order
that indicate fraud and violations of the code of to improve employee competencies. This program is
conduct reported to the Board of Directors. expected to have a positive impact on the productivity
7. Obtain approval and/or request a power of attorney and effectiveness of Internal Audit performance.
with the right of substitution to employees when About the competency improvement activities
conducting checks on indications of violations or followed by the Head of Internal Audit Division
non-conformities, in the form of: throughout 2024 can be seen in the Company Profile
a. Account data/information at Bank Mandiri chapter in this annual report. The following are the
and/or other banks. competency improvement activities attended by the
b. Data/information both electronic and non- Head of Division, Head of Department, Lead Auditor,
electronic. IT Audit Specialist, and Auditor.
Type of Competency Place of
Training Name Date PIC/Vendor
Development Implementation
Workshop Bank Mandiri Audit Course (BMAC) Jakarta 16 - 18 Jan BMRI
2024
Webinar Building Trust For Insurance Industry Via Jakarta 11 Jun 2024 OJK Institute
Empathy in Claims Management
Webinar Driving Corporate Performance through Jakarta 25 Jul 2024 OJK Institute
Artificial Intelligence
Webinar Empowering Leadership: How Women Jakarta 10 Oct 2024 OJK Institute
Leaders Drive Company and Institution
Performance
Webinar Financial Modeling and Strategic Decision- Jakarta 27 Jun 2024 IAPI
Making in Finance
Webinar How to Prevent Money Laundering and Jakarta 05 Sep OJK Institute
Terrorism Financing 2024
Training & ISO 27001:2022 Information Security Jakarta 26 - 30 Aug TUV SUD Indonesia
Certification Management Systems (Lead Auditor IRCA 2024
Certified)
Webinar Navigating the Half Year - Roadmap to Jakarta 20 Jun 2024 OJK Institute
success
Training & Basic Financing Certification - Managerial Jakarta 20-27 Jun SPPI
Certification 2024
Training & Basic Level QIA Certification Training Jakarta 19-31 Aug YPIA
Certification 2024
Training & Basic Level QIA Certification Training Jakarta 5-19 Aug 2024 YPIA
Certification
Webinar Opportunities and Challenges of Digital Jakarta 14 Mar 2024 OJK Institute
Assets in Indonesia
Webinar Opportunities and Challenges of Personal Jakarta 30 May 2024 OJK Institute
Data Protection in Transactions in the Digital
Era
Webinar Opportunities for Credit Growth After the End Jakarta 22 May 2024 OJK Institute
of Credit Restructuring Policy
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Type of Competency Place of
Training Name Date PIC/Vendor
Development Implementation
Webinar Handling Cyber Crime including Online Jakarta 17 Jul 2024 OJK Institute
Gambling as a Crime of Origin of Money
Laundering Crime
Webinar The role of Innocate Credit Scoring in funding Jakarta 27 Jun 2024 OJK Institute
Webinar The Role of Digital Technology in Improving Jakarta 11 Jul 2024 OJK Institute
Accounting Practices
Webinar Implementation Strategy of Market Conduct: Jakarta 08 Aug 2024 OJK Institute
Building Trust and Improving Financial
Services Industry Performance
Webinar Digital Marketing Strategy in the Digital Age: Jakarta 05 Jun 2024 OJK Institute
Effective Tactics and Steps to Make Optimal
Profits
Webinar Strengthening Financial Integrity: Advanced Jakarta 21 Nov 2024 OJK Institute
Strategies and Innovations in Anti-Fraud
Webinar The Future of Data Analytics in the Financial Jakarta 12 Sep 2024 OJK Institute
Industry: Trends and Innovations
Training Awareness of Anti-Bribery Management Jakarta 21 Feb 2024 PT Aurora Bisnis
System of PT Mandiri Tunas Finance International
Training & Internal Auditor - Implementation of ISO Jakarta 27 Aug 2024 PT Aurora Bisnis
Certification 37001 Anti-Bribery Management System International
(SMAP)
Workshop Training Investigation Techniques (Advance) Jakarta 4-5 Nov 2024 BMRI
and Case Study by BMRI Senior Investigation
Team
Webinar Understanding the Climate Landscape for Jakarta 26 Sep 2024 OJK Institute
Financial Institutions
Internal Audit Meeting
Internal Audit in carrying out both assurance and submits the results of audits and investigations to
consulting functions has periodically attended the Board of Directors, Audit Committee, and Board
meetings related to the results of audits and of Commissioners Meetings to obtain direction and
investigations, both with the relevant divisions at the support from the Company.
Head Office and meetings of the Company’s internal
committees, including the Anti-Fraud Committee and Policy
the Employee Discipline Committee. At the meeting, it Internal Audit has policies/guidelines to support and
will be discussed related to follow-up and corrective carry out its functions and responsibilities, namely:
action based on the results of audits and investigations, 1. Internal Audit Charter
mainly to take corrective and preventive actions so 2. Internal Audit Standard Operating Procedure (SOP)
that the Company’s internal control can run well and 3. Internal Audit Technical Operational Guidelines (PTO)
prevent the recurrence of irregularities/negligence in 4. Technical Operational Guidelines (PTO) for
the future. In addition, Internal Audit also periodically Information Technology (IT) Audit
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05
Meeting Frequency
Board of Directors Board of Commissioners Audit Committee
12 meetings on: 6 meetings on: 8 meetings on:
• 15 January 2024 • 24 January 2024 • 24 January 2024
• 06 May 2024 • 28 March 2024 • 28 March 2024
• 13 May 2024 • 30 May 2024 • 30 May 2024
• 27 May 2024 • 25 July 2024 • 25 July 2024
• 03 June 2024 • 27 September 2024 • 19 September 2024
• 11 June 2024 • 28 November 2024 • 27 September 2024
• 08 July 2024 • 28 November 2024
• 22 July 2024 • 17 December 2024
• 30 September 2024
• 07 October 2024
• 11 November 2024
• 09 December 2024
Brief Report on the Implementation of Internal Audit Tasks in 2024
Audit Type Audit Subject Audit Object
General Audit IT - Identity & User Account Management Information Technology Division
Audit IT - Vendor Management Information Technology Division
Process of Marketing, Credit Acquisition, Operation, and Duren Tiga Captive Branch
Review of Working Relationship with Bank Mandiri
Fleet Financing Corporate Fleet 1 & 2
Sample Branches: Surabaya, Medan & Makassar
Credit Commercial Head Office & Branches Retail Credit Commercial Division
Sample Branches: Jambi & Mamuju
Account Control Effectiveness/GL MTF Financial Accounting Tax & Financial Planning Division
Statements
Effectiveness of Telecoll & AR Verificator AR Management Division
Implementation of Graha Sultan and Wira Channel (Wira Multipurpose Division
Agent & Wira Bisnis) Telemarketing
Process of Marketing, Credit Acquisition, Operation, Collec- Regional Office & Quick Review - Regional 1 to 9
tion/AR Management, Process of Employee Recruitment,
and Performance Effectiveness of RCO & ARCO Duties
Infrastructure Asset Management (Crown) Credit Operation & General Service Division
Dukcapil & Pefindo and PHPM/PHJMB Management Credit Management Division
Mandatory APU PPT & PPSPM Legal Division
Audit IT Application - HCEazy Human Capital Division
Audit IT Application - MTF Mobile Digital Transformation Division
Audit IT Infrastruktur Information Technology Division
Audit IT Security & Operational Information Technology Division
Customer Complaint Service Management (Customer Care) Corporate Secretary Division
Strategic Risk Management Corporate Planning & Performance Division
Financial Information Service System (SLIK) Credit Management Division
Sample Branches: Mataram & Bogor
Study Implementation of the Study of Fee-Based Income on Accounting Tax & Financial Division
Accounting, Tax & Financial Planning Division in 2024
Implementation of Compliance Monitoring System (CMS) Legal Division
Application Review
LSO Review Implementation Retail Risk Management Division
BPR Review Implementation Digital Transformation Division
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RISK MANAGEMENT
SYSTEM
Commitment to Reliable Risk without disrupting the Company’s activities and
Management financial condition.
In carrying out its business activities, the Company 6. Risiko Hukum, merupakan risiko yang timbul
is well aware of the various potential risks faced in akibat tuntutan hukum dan/atau kelemahan
the financing industry. For this reason, the Company aspek hukum.
proactively manages risks in order to achieve 7. Compliance Risk: the risk of the Company not
healthy financing and operational growth and complying with and/or not implementing the laws
encourage business sustainability in accordance and regulations that apply to the Company.
with the established risk appetite. Corporate risk 8. Reputation Risk: the risk due to a decrease in
management is increasingly becoming a demand, the level of trust of stakeholders stemming from
because its success is a key factor in successfully negative perceptions of the company.
achieving goals and winning the competition. In
its business activities, the Company faces several Establishment of Risk
inherent risks, namely: Management Division as the
1. Strategic Risk: the risk due to inaccuracy in Company’s Risk Manager
making and/or implementing a strategic decision The Company established Retail Risk Management
and failure to anticipate changes in the business Division and Operational & Corporate Risk
environment. Management Division to ensure that risk management
2. Operational Risk: the risk due to inadequate and/ is measured and systematic. A complete description
or malfunctioning internal processes, human of the Risk Management function profile and various
error, system failure, and/or external events that risk management efforts that have been carried
affect the Company’s operations. out can be seen in the “Risk Management Function”
3. Credit Risk: the risk due to the failure of other section in this chapter.
parties to fulfill their obligations to the Company.
4. Market Risk: the risk in the position of assets, Implementation of
liabilities, equity, and/or administrative accounts Risk Management System
including derivative transactions due to overall Mandiri Tunas Finance In accordance with POJK NO.
changes in market conditions. 44/POJK.05/2020 dated 28 August 2020 concerning
5. Liquidity Risk: the risk due to the Company’s the Implementation of Risk Management for Non-
inability to meet maturing liabilities from Bank Financial Services Institutions, the Company’s
cash flow funding sources and/or from liquid risk management implementation is supported by 4
assets that can be easily converted into cash, (four) important pillars as follows:
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RISK MANAGEMENT IMPLEMENTATION
1 2 3 4
Active supervision of the Adequacy of Risk Adequacy of Risk Comprehensive internal
Board of Directors and Management policies identification, control system
Board of Commissioners and procedures and measurement, control,
determination of risk and monitoring
limits processes as well as
Risk Management
Information System
1. Understand the risks inherent in the Company’s
Pillar 1
functional activities;
Active Supervision of the Board of Directors and
2. Actively monitor and mitigate risks;
Board of Commissioners
3. Develop written and comprehensive Risk
The Board of Commissioners performs active
Management policies and strategies and evaluate
supervisory functions through the Audit Committee,
them periodically at least 1 (one) time in 1 (one)
Risk Monitoring Committee, and Nomination and
year and at any time in the event of factors that
Remuneration Committee. Active supervision of the
significantly affect business activities;
Board of Directors through the Risk Management
4. Responsible for the implementation of Risk
Committee, Credit Committee, Asset and Liability
Management policies and risk exposures taken
Committee (ALCO), Project Committee, and
by the Company as a whole, including evaluating
Information Technology Steering Committee.
and providing direction based on reports
submitted by the Risk Management function and
The duties, responsibilities, and authority of the
submitting accountability reports to the Board of
Board of Commissioners related to active supervision
Commissioners on a regular basis;
in Risk Management activities include:
5. Evaluate and decide on transactions and risk
1. Understand the risks inherent in the Company’s
limits that require Board of Directors approval;
functional activities;
6. Develop a culture of Risk Management at all levels
2. Evaluate and approve the Risk Management
of the organization;
policy at least once a year and at any time if there
7. Ensure an increase in the competence of Human
are factors that significantly affect business
Resources related to Risk Management, among
activities;
others through education and training programs,
3. Evaluate the Board of Directors regarding
especially those related to Risk Management
the implementation of Risk Management in
systems and processes;
accordance with the Company’s established
8. Ensure and establish clear duties and
policies, strategies and procedures;
responsibilities in each work unit, so that
4. Evaluate and decide on the Board of Directors’
the Risk Management function has operated
requests relating to transactions and risk limits
independently, reflected by the separation of
that require Board of Commissioners’ approval.
functions between the Risk Management work
unit and the operational work unit;
The duties, responsibilities, and authority of the
9. Carry out periodic reviews to ensure the
Board of Directors related to active supervision in
accuracy of the Risk assessment methodology,
Risk Management activities include:
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AWAKENING A NEW SPIRIT LEADING THE MARKET
the adequacy of the implementation of the Risk conducts risk measurement on the risk parameters
Management information system, the accuracy that have been determined, where the monitoring is
of Risk Management policies and procedures and carried out by a work unit that is independent from
the establishment of Risk limits. the risk owner work unit. Based on the monitoring
results, the Risk Management function together
Pillar 2 with related work units provide recommendations
Adequacy of Risk Management Policies and to the Board of Directors.
Procedures and Establishment of Risk Limits
The Company develops policies related to risk In order to support the process of identifying,
management that are reviewed regularly and always measuring, controlling, and monitoring risks, the
adjusted to the latest business conditions. These Company has developed an information management
policies are translated into Standard Operational system supported by competent Human Resources.
Procedure (SOP) and Technical Operational Guidelines The system is developed to support more efficient
(PTO) which are socialized to all employees. The risk management so that decision making can be
Company has also set risk limits in accordance faster but still refers to the principle of prudence. The
with the level of risk to be taken (risk appetite), risk risk management information system may include
tolerance and the Company’s overall strategy by information, such as: risk exposure, compliance
taking into account the Company’s capital ability with Risk Management policies and procedures,
to absorb risk exposure or losses incurred. In the realization of Risk Management implementation
context of risk control, limits are used as a threshold compared to the set target, and then the information
to determine the level of intensity of risk mitigation is submitted regularly to the Board of Directors.
carried out by management. The Company also
has policies regarding approval/authorization Pillar 4
limits for financing transactions and non-financing Comprehensive Internal Control System
transactions. The Company’s provisioning policy The Company implements effective risk management
for receivable losses is also in line with the Parent practices in all work units by implementing the three
Company’s provisioning policy in accordance with lines of defense model policy with the following
regulatory requirements. provisions:
1. Business units as the first line of defense
Pillar 3 are responsible for the effectiveness of risk
Adequacy of Risk Identification, Measurement, management, consistent implementation of
Control, and Monitoring Processes and Risk risk management policies and procedures, and
Management Information Systems effective internal control.
The Company has tools to identify, measure, 2. The Risk Management and Compliance Unit as
control, and monitor risks on a regular basis. These the second line of defense is responsible for
tools are used by the Risk Management function to the development and monitoring of overall risk
provide input and recommendations to the Board of management, overseeing the implementation of
Directors to ensure business activities can achieve policies and procedures carried out by business
the set targets. functions, and monitoring overall corporate risk.
3. The Internal Audit Unit as the third line of defense
Risk identification is proactive, covering all of the is responsible for reviewing and evaluating the
Company’s business activities and is carried out in design and implementation of risk management
order to analyze the source and possibility of risk and assessing the adequacy and effectiveness of
and its impact. The results of risk identification risk management implementation as a whole, to
are translated into risk parameters that will be ensure that the first and second lines of defense
measured periodically. Furthermore, the Company are effective.
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05
The internal control system in the implementation risk that is still acceptable to the Company in
of risk management includes, among others, supporting business strategy.
the suitability of the internal control system and 4. Bank Mandiri conducts integrated stress testing
the implementation of risk management. The with its subsidiaries on a quarterly basis, using
implementation of risk management, including the several assumptions/scenarios to anticipate
adequacy of policies, procedures and management the Company’s actions under adverse business
information systems, is regularly reviewed. environment conditions.
5. Application of the scoring model developed by
Integrated Risk Management with Mandiri Tunas Finance and reviewed regularly by
Parent Entity Bank Mandiri.
As a subsidiary of PT Bank Mandiri (Persero) Tbk, 6. Monitoring the liquidity condition of the Company
the Company conducts Risk Consolidation with on a regular basis which is reported to the Parent
the parent entity where this activity is evidence Company.
of compliance with Bank Indonesia Regulation No. 7. Risk-Based Bank Rating is conducted periodically
8/6/PBI/2006 dated 30 January 2006 and OJK to determine the development of corporate
Regulation No. 17/POJK.03/2014 dated 19 November governance, risk profile, capital capability, and
2014 concerning the Implementation of Integrated the Company’s level of profitability.
Risk Management for Financial Conglomerates.
Through such compliance, the Company’s risk Types of Risks Faced and Their
management implementation is an integrated Management and Mitigation
and consistent approach in reviewing, measuring, DOf the 8 types of inherent risks, there are 4 (four)
monitoring and managing risks to all components main risks faced by the Company, namely credit risk,
of the Company group. The development of this operational risk, strategic risk, and liquidity risk.
consolidation has been regularly communicated by
Bank Mandiri to the regulator. The following is a description of the inherent risks
1. First Line, which relates to the fulfillment of the and the management of these risks:
provisions of Bank Indonesia Regulation No. 8/6/ CREDIT RISK
PBI/2006 concerning the Implementation of Credit risk comes from financing activities. Credit
Consolidated Risk Management for Banks that risk management aims to measure, anticipate, and
Control Subsidiaries. minimize losses due to the failure of debtors to fulfill
2. Second Line is an approach to the Company’s their obligations.
internal needs as a whole which includes tools,
risk awareness, governance, and risk management • Financing Policy
information system. The financing policy is outlined in the Standard
Operation Procedures (SOP). The Company’s
Various forms of activities carried out in the context financing policy stipulates that the financing
of risk consolidation include: process to debtors is carried out by independent
1. Annual Integrated Risk Conference (AIRC) parties to ensure the application of the prudential
between the Parent Company and all Subsidiaries; principle.
2. Forum Integrated Risk Committee (FIRC)
conducted with Bank Mandiri every quarter to • Financing Approval
discuss the development of Inherent Risk Profile In assessing credit applications, the Company
and Quality of Risk Management Implementation always refers to regulations and prudential
(KPMR) in Mandiri Tunas Finance. principles, including based on factors assessing
3. Implementation of Risk Appetite Statement the ability to pay, business prospects and debtor
(RAS) together with Bank Mandiri as one of the performance. The Company has implemented
Risk Management tools to measure the level of mobile surveys in order to improve the quality of
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AWAKENING A NEW SPIRIT LEADING THE MARKET
credit disbursement. The credit process and credit by officers authorized to make credit decisions and
risk management of the retail segment is carried provides recommendations to the Board of Directors
out through an end-to-end process integrated in based on the monitoring results.
the e-Star system. The decision-making process
in the retail segment is conducted through a As an anticipatory step (early warning signal), the
credit scoring system. The credit scoring model simulation and stress testing process of the portfolio
is periodically validated to ensure its accuracy. To is carried out periodically to determine changes in
accelerate the credit decision-making process, portfolio quality against macroeconomic changes.
the Company has given the authority to decide The results of stress testing provide guidance for the
credit to appointed officials based on certain Board of Directors to anticipate macro conditions
qualifications. The decision-making process in the that may occur.
Corporate Fleet segment is carried out through
circulars of Financing Analysis Memorandum, and • Credit Collection and Recovery
Financing Committee Meetings in accordance with The Company has developed a collection and
the number of financing facilities proposed. recovery handling policy based on the type of
product and based on the days of delinquency
The Company has also developed a portfolio of the debtor. Collection activities for delinquent
guideline and has set industry limits as the debtors are supported by an end-to-end Automatic
basis for the direction of business growth of the Collection System that helps ensure the collection
Corporate Fleet segment in 2024. The preparation process is carried out in accordance with applicable
of the Portfolio Guideline and Industry Limit is procedures. In carrying out collection activities,
adjusted to the current macroeconomic conditions employees who handle collection functions and
and industry prospects in the next year, so that the collateral execution have professional certificates
Company appropriately chooses the development in the field of collection. In addition, employees are
of healthy industries with low risk levels and is able equipped with mobile collection devices equipped
to limit the growth of unhealthy industries with with EDC (electronic data capture) machines to
high risk levels. ensure accountability in the implementation of the
collection process to debtors.
• Financing Monitoring
Monitoring of financing in the Corporate Fleet segment OPERATIONAL RISK
is carried out using the Watchlist method which Operational risk is caused by malfunctioning internal
is a standardized, structured, and comprehensive processes, human error, system failure, or external
method of monitoring the performance of corporate factors that affect the Company’s operational
debtors. Monitoring is carried out regularly together activities. To manage and mitigate operational
with the marketing work unit as an account manager, risk, the Company aligns its Risk-based Audit
credit work unit and collection work unit. Monthly methodology through maintaining a risk library,
Performance Review is also conducted between the providing a Whistleblowing System facility, and
business unit, credit work unit, collection work unit implementing Operational Risk Management Tools
and risk work unit in order to monitor and evaluate (ORM Tools). The ORM Tools utilized are as follows:
the performance of the Corporate Fleet segment
portfolio every month. • Quality Assurance (QA)
Early QA is a tool that functions as an Early
Retail loan monitoring is conducted at the portfolio Detection System (EDS) or early detection of fraud
level. Portfolio analysis is conducted periodically and events for events that have the potential to harm
outlined in monthly reports submitted to the Board the Company. QA is also a post-check audit that is
of Directors. The Risk Management function also carried out periodically through sampling account
periodically monitors the quality of decisions made checks and confirmation to debtors by telephone
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and branch office work unit PIC (if needed) in order (DRP), and Emergency Response Procedure (ERP),
to find any discrepancies in the work procedures as follows:
carried out. • Disaster Recovery Plan (DRP) is a comprehensive
plan of actions to be taken before, during, and
• Risk Control & Self Assessment (RCSA) after an event that disrupts and causes a loss of
RCSA is used to identify and assess the risks information systems. The purpose of DRP is to
inherent in the activities in each work unit, as well ensure that the Company’s operational activities
as to assess the quality of control over risks that continue to run well when problems occur in the
have been carried out by the risk-owning work unit information system, by using a backup system
through the Top Risk parameters of the operational that has been prepared.
risks that occur. The parameters of these risks may • Emergency Response Plan (ERP) is a planning
change in line with business growth in Mandiri strategy to anticipate and cope with emergencies
Tunas Finance. that must be carried out by a special team
responsible for carrying out rescue actions in the
• MTF Loss Events Database (MLED) event of an emergency.
The MLED database contains historical event • Business Continuity Plan (BCP) is a plan that
data (recording based on the date of the event, aims to maintain the continuity of the Company’s
description of the event, and factors causing operations in the event of a disruption caused
the risk event) that can cause losses or potential by natural or human disasters, which has the
operational losses (fraud and non-fraud). The potential to cause losses. The BCP is prepared to
recording of these events is carried out by each minimize the consequences of disruptions and
risk-owning work unit on a regular basis. ensure the Company’s operations can continue.
• Control Testing (CT) In terms of operational risk management, each work
Control Testing is a test of the effectiveness of unit is responsible for managing inherent operational
controls over risks carried out by the risk owner risks and has a function in risk management. The
work unit, on-desk or on-site. Control testing is business unit as the risk owner is the first line
an important process that periodically tests the of defense, the Risk Management work unit as a
adequacy of controls and identifies potential supporting unit acts as the second line of defense,
weaknesses including risk mitigation and establishes and Internal Audit acts as the third line of defense.
corrective actions.
STRATEGIC RISK
• Issue and Action Management (IAM) Strategic risk management aims to anticipate
It is a record of follow-up improvements from issues/ potential failures in achieving the Company’s
conditions/procedure non-conformities found from objectives due to inadequacies or failures in planning,
various sources (such as: indications of findings determining, and implementing strategies, as well as
from the implementation of QA, control testing failing to anticipate business changes. In managing
results, incidents, and Self Identified Issues). strategic risk, the Company conducts performance
reviews and evaluates the preparation of business
• Business Continuity Management targets, and takes corrective steps according to
To ensure the continuity of the operations in the risk appetite by considering internal and external
event of an emergency, the Company has prepared conditions. In addition, the Company monitors the
a policy that contains steps to be taken before, achievement of financing targets, budget realization
during and after the occurrence of an emergency. against the budget plan, realization of branch
The policy is regulated in Business Continuity development, and realization of HR fulfillment by
Management (BCM) which includes Business related work units periodically.
Continuity Plan (BCP), Disaster Recovery Plan LIQUIDITY RISK
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The Risk Management Unit together with related In managing reputation risk, especially to mitigate the
work units identify, measure, control, and monitor emergence of media coverage and/or rumors about
liquidity risk with the aim of minimizing risks arising the Company that are negative, as well as mitigation of
from the Company’s failure to provide funding at a the Company’s ineffective communication strategy,
certain period of time. In managing liquidity risk, the the company has a Corporate Communication work
Risk Management Unit sets limit values for liquidity unit and also a Customer Care work unit.
risk parameters and conducts periodic liquidity .
risk stress testing. Liquidity risk management is
supported by the Asset & Liability Committee (ALCO) Review of the Effectiveness of the
with the aim of monitoring and making projections of Risk Management System
all maturing liabilities, assets, and financing growth The risk management information system has been
both short and long term. In addition, to maintain effective and continues to be developed as an
the availability of funding sources, the Company effort to provide accurate, complete, informative,
maintains relationships with banks, maintaining the timely, and reliable information that can be used
quality of financing and corporate reputation. by the Board of Directors, Board of Commissioners
and related work units in the implementation of
COMPLIANCE, MARKET, LEGAL, AND Risk Management to assess, monitor, and mitigate
REPUTATIONAL RISKS the risks faced. The assessment of the Company’s
In addition to credit, operational, strategic, and Risk Profile throughout 2024 reflects that the risks
liquidity risks, the Company also ensures that faced can be managed properly so as to support
compliance, market, legal, and reputation risks are further business development. In other words, Risk
well managed. All risk parameters have been included Management has been implemented by MTF properly
in the Company’s Risk Appetite Statement (RAS) and and effectively.
are monitored regularly. In managing compliance risk,
the Retail Risk Management Division and Operational Management Statement on the
& Corporate Risk Management Division have Adequacy of Risk Management
established parameters that are monitored regularly. System
The Company’s Risk Management System is
Compliance risk management is also supported considered effective and adequate as reflected
by the Compliance Management System (CMS) to in the effectiveness of the implementation of risk
avoid non-compliance with internal and external management functions, the availability of adequate
regulations. In managing market risk, the Company and timely information covering risk exposures,
mitigates in the form of setting limits on transaction compliance with Risk Management policies and
activities in foreign currencies and floating interest procedures, as well as information on the realization
rates as stated in the Risk Appetite Statement, of risk management implementation against the
fully hedging funding in foreign currencies and set targets. The Company’s risk management
floating interest rates, conducting stress testing to information system is also supported by qualified
determine the impact of extreme market conditions Human Resources.
on the Company’s exposure.
In managing legal risk, the Company regularly
internalizes the legal risk culture through
socialization to all employees carried out by the
litigation unit and Risk Management.
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EXTERNAL AUDITOR/
PUBLIC ACCOUNTANT
The public accountant is an external organ of the 3. As part of the audit process, the Public Accounting
Company that functions to provide an opinion Firm (KAP) also conducts questions and answers to
regarding the conformity of the presentation management regarding management’s statements
of the Company’s financial statements to the presented in the financial statements.
Financial Accounting Standards (SAK) applicable in 4. Audits inherently contain the risk of material errors
Indonesia. The existence of public accountants is and discrepancies. If this occurs, the KAP will report
regulated through the Financial Services Authority it to management.
Regulation Number 9 of 2023 concerning the Use of 5. Management, in this case the Board of Directors,
Public Accountant Services and Public Accountant provides its responsibility for the financial statements
Firms in Financial Services Activities. that have been audited by KAP, in accordance with
OJK Regulation No. 75 / POJK.04 / 2017 concerning
Compliance with Indonesian the Board of Directors’ Responsibility for Financial
Financial Accounting Statements.
The management is responsible for the presentation 6. Management approves the KAP audit working paper
of the Company’s financial statements and complies on the Company for review by the relevant body or
with the applicable Financial Accounting Standards authority.
(SAK) in Indonesia established by the Indonesian 7. The audit is conducted based on the Public
Institute of Accountants (IAI) and the Regulation of Accountant Professional Standards issued by the
the Financial Institution Capital Market Supervisory Indonesian Institute of Certified Public Accountants
Agency (Bapepam-LK) No. VIII.G.7, Attachment to (IAPI). If there is financial assistance from the
Decree No. KEP-347/BL/2012, dated 25 June 2012 Indonesian Government, the audit is carried out
concerning Guidelines for the Presentation and based on the State Financial Audit Standards (SPKN)
Disclosure of Financial Statements of Issuers or issued by the Indonesian Financial Supervisory
Public Companies. Agency (BPK).
External Audit Procedures and Public Accountant Criteria
Auditing Standards The Company sets 4 (four) requirements or criteria
1.The audit of the Company’s financial statements that must be owned by KAP in its appointment
is conducted in accordance with the professional procedure, as follows:
standards of Public Accountants which includes all • Registered with OJK;
audit procedures deemed necessary in accordance • KAP which is included in the group of 4 (four) large in
with the circumstances. Indonesia;
2. An audit includes testing and evaluating the internal • Has international affiliations;
control system, as well as examining, on a test basis, • Have experience conducting audits of companies
evidence supporting the amounts and disclosures in with issuer status or public companies.
the financial statements. An audit will also include
an assessment of the accounting principles used Public Accountant Appointment
and significant estimates made by management, as Mechanism
well as an assessment of the overall presentation Stages of the KAP appointment mechanism:
of the financial statements in accordance with the 1. The Board of Commissioners through the Audit
Statement of Financial Accounting Standards (PSAK) Committee conducts the appointment process of
issued by IAI. external Auditor candidates by requesting assistance
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from the Board of Directors in the appointment a separate letter which is part of the Board of
process in accordance with the provisions of goods/ Commissioners’ response letter on the Company’s
services procurement. annual performance.
2. The Board of Commissioners may reappoint 5. The Board of Commissioners evaluates the
the external auditor based on the results of the performance of the external auditors through the
evaluation of the performance of the external auditor Audit Committee in accordance with applicable
to audit the financial statements. regulations and standards.
3. The Board of Commissioners submits the reasons 6. For the process of appointing external auditor
for the nomination to the GMS and the amount of candidates and or reappointing external auditors
honorarium/service fee proposed for the external carried out by the GMS, the Board of Commissioners
auditor. is sufficient to authorize the GMS to determine the
4. The proposal to the GMS can be submitted through auditor.
Determination of Public Accountant by GMS
The Board of Commissioners submits a recommendation letter to the GMS
The Board of Commissioners reviews the recommendations of the Audit Committee, conducts discussions with the Board of Com-
missioners organs and prospective external auditors/Public Accountants
Audit Committee follow-up:
• Evaluates the implementation of internal and external audits
• Submits a report to the Board of Commissioners
Submission of directions and assignments from the Board of Commissioners to the Audit Committee
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Appointment of Public Accounting Firm and Public Accountant in 2024
In 2024, the Company appointed Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of Ernst
& Young Global Limited) to audit the financial statements of PT Mandiri Tunas Finance as stipulated in the Annual
GMS dated 5 June 2024.
Public Accounting Firm
Name Public Accounting Firm Purwantono, Sungkoro & Surja (EY)
Registered Number STTD.KAP-03/PM.22/2018
Public Accountant Yasir
Registration Number AP.0703
Audit Year 2024
Assignment Period 2024
Audit Services Financial Statements of the Company for the financial year ending on 31 December 2024
Non-Audit/Other Services -
Fee 1.265.400.000
Public Accounting Firm 2020–2024
Accountant
Year Public Accounting Firm Name Accounting Firm License Fee (Rp) Opinion
2024 Public Accounting Firm Yasir STTD.KAP-03/PM.22/2018 1.265.400.000 Fair in All Material
Purwantono, Sungkoro & Surja Respects
2023 Public Accounting Firm Danil Setiadi STTD.KAP-03/PM.22/2018 2.097.900.000 Fair in All Material
Purwantono, Sungkoro & Surja Handaja Respects
2022 Public Accounting Firm Yovita STTD.KAP-03/PM.22/2018 1.048.950.000 Fair in All Material
Purwantono, Sungkoro & Surja Respects
2021 Public Accounting Firm Yovita STTD.KAP-03/PM.22/2018 1.097.800.000* Fair in All Material
Purwantono, Sungkoro & Surja Respects
2020 Public Accounting Firm Yovita STTD.KAP-03/PM.22/2018 1.045.950.000* Fair in All Material
Purwantono, Sungkoro & Surja Respects
Other Services Provided by KAP
In 2024, no other services were provided by the Public Accounting Firm to the Company.
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INTERNAL
CONTROL SYSTEM
The Internal Control System is an integrated 1. The internal control environment in the
process of actions and activities carried out Company, which consists of the integrity, ethical
continuously by the leadership and employees to values, and competence of the Commissioners,
provide adequate assurance of the achievement of Directors, and all employees of the Company, the
the Company’s objectives. The implementation of philosophy and leadership style of management
the internal control system starts from planning and including the way it exercises its authority and
implementation to supervision and accountability responsibility, the organization and development
in an orderly, controlled, efficient, and effective of human resources and the attention and
manner, so as to provide confidence that the direction given by the Board of Commissioners
implementation of the Company’s activities has and Board of Directors.
been carried out efficiently and effectively. 2. Risk management, which includes the process
of identification, analysis, assessment, and
The objectives of implementing the Internal Control mitigation or response to risks relevant to the
System within the Company are as follows: Company’s line of business.
1. Maintain and secure the Company’s assets 3. Control activities include actions taken so that
2. Ensure the availability of more accurate reports all processes in the Company are controlled
3. Improve compliance with applicable regulations according to predetermined targets, including
4. Reduce the impact of losses from irregularities activities related to the organizational structure,
including fraud, and violations of the prudential which include authority, authorization,
principle. verification, reconciliation, assessment of work
5. Improve organizational effectiveness and performance, division of tasks, and safeguarding
resource efficiency. company assets.
4. Information and communication systems,
Implementation of Internal Control including activities related to the presentation
System within the Company of reports on the Company’s activities and their
The Internal Control System is implemented starting submission to related parties, which include
from the establishment of goals and strategies information and communication on operational
throughout the organization, identification of activities, financial activities, and compliance
the possibility of an event that can affect the with applicable rules and regulations.
goals and strategies, and management of risks to 5. Monitoring, which includes the activity or process
stay within the tolerance limits (risk appetite), to of assessing the quality of the Internal Control
provide adequate assurance in order to achieve the System including the quality of the Internal
Company’s objectives. The Internal Control System Audit function and the quality of work units
framework that becomes the Company’s reference within the Company’s organizational structure,
is the best practices framework that has been so that the Internal Control System can be
practiced by companies in the world, namely the implemented optimally, and deviations that occur
COSO Internal Control Framework, which includes are immediately reported to the Board of Directors
these components: and Commissioners through the Audit Committee.
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Financial and Operational Control credit process of all segments; separation of
The Company is committed to disclosing the report to credit initiator and decision maker functions.
all interested parties in a fair and transparent manner c. Implementation of Line of Defenses for
based on the prevailing accounting standards in layered defense activities.
Indonesia. Therefore, the Company always maintains 2. Control activities according to organizational
an Internal Control System that ensures the reliability functions include:
and adequacy of each transaction. a. Implementation of Top Management Reviews
Periodically, the Board of Directors requests
The presentation of financial statements (balance explanations (information) and operational
sheet, income statement, cash flow statement, performance reports from the Head of Work
statement of changes in equity) in each financial year Units in order to review the realization results
is done to fulfill the interests of all parties related to compared to the predetermined targets.
the Company. To fulfill all the above principles, the b. The Operational Performance Review
Company has a policy that ensures that transactions (Functional Review) is carried out by Internal
are recorded promptly and accurately, and equipped Audit on the adequacy and effectiveness of
with adequate supporting documents. the internal control system, risk management
and corporate governance. Audit activities
Transactions recorded in the accounting system are carried out for each level of the Company’s
have at least received approval from management Work Unit and reported to the President
who have the authority for this purpose and are Director and Audit Committee.
recorded correctly. Each of the Company’s financial
statements fairly and accurately describes the In relation to compliance with prevailing laws and
actual transactions without the slightest attempt regulations, Mandiri Tunas Finance is committed
to hide the facts to the readers of the report. to always complying with the prevailing laws and
All parties, both Directors, Commissioners, and regulations by:
Employees who are responsible for these functions, 1. Establish a Compliance Unit responsible for
must understand and carry out the Internal Control monitoring the compliance of all work units in
System policies and procedures for recording the Mandiri Tunas Finance.
Company’s financial accounting. 2. Monitoring Reporting Compliance to BI/OJK/other
regulators.
In support of overall operational risk control, the 3. The Compliance Risk Management strategy is to
Company has implemented the following: have a policy to always comply with applicable
1. Control activities generally involve all employees regulations by proactively conducting prevention
and management of Mandiri Tunas Finance at all (ex-ante) in order to minimize the occurrence of
levels of the organization as set out in all policies violations and taking curative action (ex-post) in
and procedures such as: order to improve.
a. The implementation of Segregation of
Duties in the form of separation of functions Review of Internal Control System
in carrying out duties so that there is no Effectiveness
opportunity to commit and hide irregularities The Board of Directors is responsible for ensuring
in carrying out their duties. the implementation of a reliable and effective
b. Implementation of Four Eyes Principles in the internal control system to achieve the Company’s
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objectives. The Board of Commissioners assisted independently through the implementation of
by the Audit Committee is also responsible for audit activities. The evaluation results and follow-
supervising the implementation of the Internal up were reported to the Board of Commissioners,
Control System in the Company. To evaluate the Audit Committee, and Board of Directors. The
adequacy and effectiveness of the Internal Control evaluation results during the year showed that the
System, throughout 2024 monitoring and correction Internal Control System in Mandiri Tunas Finance
of deviations were carried out, among other: has been running adequately.
1. The Company continuously evaluated and
monitored the effectiveness of the overall Management Statement on
implementation of internal control, including the Adequacy of the Internal
if there were changes in internal and external Control System
conditions that may affect the company in Based on the review and discussion with the
achieving its goals. Management, Audit Committee, Independent
2. Monitoring was prioritized on key risks including Auditor, Internal Audit, and other relevant Divisions,
periodic evaluation to detect and prevent the the Board of Directors and Board of Commissioners
emergence of new risks, both by the operational assess that the Company’s Internal Control System
work unit, risk monitoring work unit, and by is adequate in identifying risks so that the Company
internal audit. can manage these risks. Mandiri Tunas Finance
3. The Internal Audit Unit evaluated the adequacy continues to take corrective measures in order to
and effectiveness of the internal control system improve the internal control system.
IMPORTANT
MATTERS
Problems and/or legal cases faced by the Company and members of the Board of Commissioners and
Directors throughout 2024 and comparison with 2023 are as follows:
2024 2023
Legal Issues
Civil Criminal Civil Criminal
Board of Commissioners and Board of Directors 0 0 0 0
Completed and has permanent legal force 0 0 0 0
In the settlement process 0 0 0 0
MTF
Completed and has permanent legal force 68 0 56 0
In the settlement process 22 0 26 0
Total 90 0 82 0
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The following is an explanation of the legal cases faced by the Company throughout 2024:
Subject Matter Risks faced by MTF and
MTF Position Agency
Material (Rp) IImmaterial Rp) its impact on MTF
Respondent in Commercial Court 899.500.000 0 Risk that may be faced by the Company
Appeal is compensation against Material and
Defendant District Court 15.155.135.829 31.729.696.000 Immaterial claims but in this case Litigation
has managed to save potential losses
Objection Applicant District Court 446.832.190 150.000.000 of Rp59,269,589,090 and potential loss
Defendant District Court 1.818.646.646 5.210.102.200 of Rp14,819,133,902 which is still in the
process of Litigation handling.
Execution District Court 481.950.000 0
Respondent
Appellant Court of Appeal 6.555.924.900 0
Cassation Petitioner Supreme Court 774.364.000 0
Respondent in Supreme Court 7.866.571.245 3.000.000.000
Appeal
ADMINISTRATIVE
SANCTIONS
In 2024 there were administrative sanctions from the regulator. Against these sanctions the Company has
completed the obligations that must be fulfilled in accordance with the sanctions from the regulator and the
Company has also mitigated risks so that violations do not recur.
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INFORMATION TECHNOLOGY
GOVERNANCE
The existence of reliable information technology is essential to support business processes and service
excellence. Technology is the main key that enables the Company to provide products and services to customers,
measure and track business performance, and make the right management decisions for its business continuity.
Information Technology Management in the Company is carried out by the Information Technology Division (IT),
so that IT-related policies are more focused and run in accordance with the Company’s vision and mission.
IT Management Basics
In the future, it is expected that the Company’s IT governance can reach the average maturity level of the
Financing industry in the maturity level measurement scale based on COBIT5. To achieve this condition, in
general, IT must take improvement steps, which include the following:
1. Addition and improvement of functions/tasks.
2. Development of policies and procedures.
3. Development of performance measures.
4. Procurement of relevant supporting application systems.
5. Conduct IT Governance evaluation.
Information Technology Development Roadmap
2022 2023 2024
Strengthen Digital Integrate Digital Building
Foundations Ecosystem New Foundation
• Conducting Business Process • Development of mobile Internal condition development as
Re-Engineering Development applications such as MTF Mobile a foundation for growth.
& Implementation of Credit and MTF1ACCESS. • Development of internal
Acquisition System • Optimization of cloud usage on conditions as a foundation to
• Assessment and Implementation HCEazy, MTF1ACCESS, and MTF grow
of Data Governance Mobile. • Improving people’s competencies
• Development of existing • ISO 27001:2013 Certification to work on new business
applications to support the segments
digitalization process. • Conducting Business Process
• Improving Technology and Re-engineering (BRR) for each
Services Security business segment
• Optimizing the use of Cloud to • Building data management &
accelerate the Digitalization data analysis capabilities to
process. support business
• Information security assessment - Upgrading ISO 27001:2013 to ISO
for ISO Certification preparation 27001:2022 certification.
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Establishment of Information Technology Division as IT Management Division
Mandiri Tunas Finance acts as a business enabler in providing services to users to run their operational activities,
as well as supporting the Company’s business development. This division also continues to develop tools that
make it easier for customers to get in touch with Mandiri Tunas Finance. To support the Company’s business in
providing its services, Mandiri Tunas Finance’s IT Division is divided into several departments as shown in the
following organizational structure:
Mandiri Tunas Finance IT Management Structure
SALES & IT DIRECTOR
Information Technology
Division Head
Information Technology
Deputy Division Head
IT Project IT Planning IT Software IT Business IT Operation &
IT Security Dept.
Management & Policy Development Solution Application Network
Head
Dept. Head Dept. Head Dept. Head Dept. Head Dept. Head
The Company’s IT Division is led by a Division Head. Based on Decision Letter No. 2839/SK-HCP.SVC/HC/
VIII/2017, the Board of Directors appointed Kanda Octaviano to serve as Head of IT Division.
Kanda Octaviano
Head of IT Division
Age Citizenship Domicile
43 years old Indonesia East Jakarta
Legal Basis for Appointment
Decree of the Board of Directors No. 2839/SK-HCP.SVC/HC/
VIII/2017
Term of Office
Since 22 June 2022
Tenure
1st (first)
Education History
Bachelor (S1) in Accounting Economics from STIE Indonesia (2006)
Work Experience
Acting. Head of IT Division (2016–2017), IT Software Development Department (2016), IT Software Development Department Head
(2013–2016), IT Software Development Department (2010–2012), IT Supervisor (2007–2009), SOP & Control SPV (2005–2007).
Concurrent Position
Inside the Company : None
Outside the Company : None
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Duties and Responsibilities of the IT Division
1. Coordinate, plan, and control IT projects in order to fulfill the Company’s computer-based operational needs.
2. Plan and coordinate the maintenance of IT resources in order to provide support for IT devices and systems.
3. Plan, direct, coordinate, and approve work plans at the department level, as well as monitor and evaluate
implementation and coordinate reporting.
4. Direct and coordinate the security of all IT devices including the code of all programs of applications in the
company.
5. Plan and coordinate IT operational activities in accordance with service level agreements.
6. Monitor and control infrastructure procurement and maintenance activities in branches & HO.
Information Technology Development
To improve services, the Company continues to develop integrated IT to support the Company’s performance,
as attached as follows.
DC & DRC Dual Link Branches
DC & DRC Dual Link
PABX CCTV PC & Laptop Mobile Device
Windows Based Android Based
The Company has an integrated system and is supported by a mobile application for the digitalization process so
as to accelerate the customer credit process.
Mobile Collections System Accounting System
HC-EAZY
Mobile Report Human Capital System
Mobile Survey Document Management System
Document Gateway System
Mobile Marketing
Channelling System
Development of Information Technology Management
Throughout 2024, the Company conducted several Information Technology management programs as follows:
1. System Security Enhancement
The Company improved system security by conducting several initiatives by implementing security tools as follows:
• Implementation of Runtime Application Self-Protection;
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• Addition of License Tools Data Loss Prevention to support Personal Data Protection needs
• Implementation of DNS Protection
• Implementation of IT Service Management;
• Maintenance of System Capacity, Storage, and Networks
2. Maintenance of System Capacity, Storage, and Network
On the infrastructure side, the Company also increased the capacity of servers, storage, and rejuvenated network
devices to support the Company’s business development. The increased capacity of Lending and managed accounts
certainly requires reliable system and network capacity support. For this reason, in 2024 the IT Division will conduct
Maintenance and increase the capacity of systems and networks as follows:
• Rejuvenation of storage which has end of support with the addition of storage capacity
• Network device rejuvenation
• Replacement of rack communication network in 50 branches
• Rejuvenation of Backup Tape Library
3. Improved IT Governance
• Preparation of IT Strategic Plan 2025–2027
In 2024, the IT Division prepared the IT Strategic Plan for 3 years, namely IT Strategic Plan 2024–2027. The
preparation of this 3-year work plan is done to continue what has been done in the previous 3 years. This IT
Strategic Plan serves as a guideline for the IT Division in developing and managing IT properly and continuously.
This is also the basis for making IT policies which are derivatives of the Company’s Business Plan.
• In 2023 MTF was certified ISO 27001:2013 and in 2024 MTF upgraded ISO 27001:2013 certification to ISO
27001:2022 with the scope of MTF1ACCESS Application.
• In increasing the capacity of human resources, the IT Division conducts training and knowledge sharing regularly
in each department. This is done so that each IT Division personnel has good capabilities and can support
operations optimally.
• Standardizing IT Infrastructure & IT Planning
4. ●Optimizing the use of cloud in the following applications:
• HCEazy;
• MTF1ACCESS;
• MTF Mobile.
Information Technology Development Cost
Determination of the amount of costs for IT Opex and Capex is based on operational needs and the need for IT infrastructure
procurement that is in accordance with recommendations and through the Company’s management review process.
IT infrastructure procurement in accordance with recommendations and through the Company’s management review
process. The following is a comparison of IT investment costs made by the Company in 2024.
IT Investment in 2024
Subject Total (Rp) Security 13.968.209.900
Server 20.715.822.205 Software/License 11.696.885.955
Network 8.477.261.280 Certification 228.900.000
Comparison of Total IT Investment 2023–2024
Realization (Rp-million) Comparison of Budget Usage
Budget
Subject 2024 & 2023 2024
2024
2024 2023 Realization
Total IT Investment 55.087 39.679 57.797 27,9% 95,3%
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CODE OF
CONDUCT
The Code of Conduct is an articulate tool and has a reward & punishment mechanism, which aims to support the
implementation of the vision, mission and core values as well as corporate culture. The implementation of the
Company’s discipline has been contained in the Company Regulations which explain the obligations and rights of
employees, violations and sanctions, and the Unit Leaders as Management representatives have the authority to
carry out the coaching process for employees. This Code of Conduct serves as a guideline of behavior standards
for all MTF Employees in interacting with internal and external parties.
The Company periodically evaluates the effectiveness of the Code of Conduct, and carries outsocialization
programs to remind and emphasize the implementation of the Code of Conduct for employees.
Harmonious Relationship with Stakeholders
One of the major objectives of the implementation of GCG principles is the development of business entity
relationships with stakeholders. The Company formulates its Code of Conduct to be able to build a harmonious
relationship between the interests of the operations and business carried out by the Company and the interests
of each stakeholder who is within the circle of the Company’s operations and business as well as those affected
by the Company’s operations and business activities.
Mandiri Tunas Finance Stakeholders
CREDITORS SUPLLIERS BUSSINESS
CONSUMERS
SHAREHOLDERS PARTNER
GOVERMENT/ COMPETITORS COMMUNITY &
MASS MEDIA
EMPLOYESS REGULATOR SURROUNDING
Vision, Mission, and Corporate Values and Culture as Commander
The Company has formulated and established a vision and mission as the main commander in the direction for
the Company’s future development. The vision and mission are then derived into Corporate Values and Culture
which are expected to be understood as the Company’s fundamental policy to develop the organization in line
with the vision and mission that has been set..
Corporate Values and Standard Guidelines of
Vision & Mission
Culture Code of Conduct
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Establishment and Contents of Code Company.
of Conduct 2. Minimize all risks resulting in conflicts of interest and
The Company has a Code of Conduct (CoC) which was lawsuits or litigation processes due to negligence
established on 11 March 2013, containing the following committed by individuals within the Company.
core points of the Company’s Code of Ethics: 3. As a means to create a harmonious, synergistic
CHAPTER I - Introduction and mutually beneficial relationship between the
• Background Company’s stakeholders.
• Purpose and Objectives 4. In the long run, it encourages the improvement of
• Benefits the quality of customer service, the management
CHAPTER II - Business Ethics of the Company, the development of the Company’s
• Scope value and ultimately leads to the improvement of
• Business Ethics and Company Commitment to the Company’s reputation.
Stakeholders
CHAPTER III - Work Ethics Enforcement of the Code of Conduct
• Scope for All Levels of the Organization
• Basic Individual Attitudes - Key Behaviors of The implementation of the Company’s Code of Conduct
PERWIRA Standards is the responsibility of all Employees of the
• Individual Behavior inside and outside the Company to behave in accordance with the Company’s
Company culture so as to realize professional, responsible,
• Behavior as an employer fair, proper and trustworthy behavior in conducting
• Subordinate Behavior business relationships with colleagues and partners.
• Commitment to Special Matters
CHAPTER IV - Enforcement and Application of Socialization and Internalization of
Ethical Standards of Conduct Code of Conduct
• Monitoring the Implementation of Ethical The Company’s Code of Conduct is introduced to
Standards of Conduct all levels within the Company and is written in an
• Reporting Violations of Ethical Standards of additional document of the employment contract
Conduct during the recruitment process of new employees and
• Sanctions for violations of the Code of Conduct for employees who have joined the Company, so that
CHAPTER V - Closing the Code of Conduct must be understood and signed
by all employees. Furthermore, all employees are
Benefits and Objectives of expected to behave in accordance with the Company’s
Implementing Ethical Standards of values and apply the Code of Conduct in their daily
Conduct activities. Socialization and internalization are
The Company consistently implements the Code important stages of the implementation of the Code
of Conduct so as to provide long-term benefits of Conduct. The Company is committed to socializing
for shareholders, the Company, the Board of and updating the Code of Conduct effectively and
Commissioners and Board of Directors as well as thoroughly with the following steps:
employees, customers, business partners, and the 1. Socialize the Code of Conduct to all levels of the
community. The objectives of the implementation of Company and conducting continuous refreshment
this Code of Conduct are as follows: through:
1. As a joint commitment to realize the vision and a. Company website;
carry out the mission in a professional and ethical b. Administrator email that goes out to all
manner by taking into account the interests of employees;
stakeholders, so that in the end it will realize c. At the time of signing the Employment
maximum work standards for all individuals and Agreement (PKWT & PKWTT);
remain guided by the rules that apply to the d. As well as other media available in the compan
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2. Evaluate the understanding of the Company’s staff, during the orientation period as well as during the
working period.
3. Periodic review and updateon the items listed in the Code of Conduct in order to further develop and improve.
If more detailed implementation rules are required, they will be made in the Company’s policies and regulations
Sanctions for Violations
Violations of Company regulations and Code of Conduct committed by employees can be sanctioned:
Total Sanctions Total Sanctions
Sanction Term of Sanction
2024 2023
Letter of Reprimand 3 (three) months 8 13
First Warning Letter 6 (six) months 226 185
Second Warning Letter 6 (six) months 40 23
Third Warning Letter 6 (six) months 11 16
First and Last Warning Letter 6 (six) months 22 28
Termination of Employment Relations (PHK) - 26 29
Types of violations that are suspected of being criminal offenses will be processed legally through the
competent authorities.
GRATIFICATION
CONTROL
As part of the Company’s commitment in implementing Good Corporate Governance (GCG), Mandiri Tunas
Finance has a Standard Operating Procedure related to gratification control which regulates the prohibition of
gratification acceptance for all employees.
Anti-Bribery Policy
In order to support the gratification control program, Mandiri Tunas Finance has implemented an anti-bribery
policy declared by the Company’s Top Management, namely:
1. Prohibit bribery and similar practices within the Company.
2. Comply with laws and regulations and other applicable regulations related to anti-bribery
3. Align the anti-bribery policy with the Company’s objectives
4. Provide corporate governance that supports the achievement of the Company’s anti-bribery objectives
5. Ensure commitment to the fulfillment of Anti-Bribery Management System requirements
6. Encourage the improvement of anti-bribery awareness to all relevant stakeholders
7. Implement the principle of continuous improvement in the Anti-Bribery Management System
8. Provide responsibility, authority, and independence to the Anti-Bribery Compliance Function (FKAP)
9. Provide strict sanctions to violators of the provisions in the Anti-Bribery Management System policy.
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Socialization of Gratification Policy
As a form of gratification control, socialization is carried out continuously to all employees and stakeholders in
order to increase awareness in all parties involved with the Company. During the year 2024, socialization has
been conducted to Mandiri Tunas Finance employees to increase awareness related to gratification.
Gratification Report in 2024
Mandiri Tunas Finance employees who have received or rejected gratuities are required to report their
acceptance or rejection to the Company through the Gratification Control Unit. Throughout 2024, the number
of reports of acceptance or rejection of gratuities received by the Gratification Control Unit was 19 reports. The
reported gratuities were in the form of food & beverages, vouchers, money, and goods.
ANTI-CORRUPTION
POLICY
All parts and all lines in Mandiri Tunas Finance always uphold fair competition, provide opportunities by prioritizing
sportsmanship and professionalism, and apply GCG principles in order to create a healthy business climate. This
Anti-Corruption Policy is also supported by the Company’s Code of Conduct, Corporate Culture, and Company
regulations which become the core values of the Company, so that these values are a reflection of the applicable
laws and regulations. All policies in the Company related to Anti-Corruption also regulate actions, behaviors, or
deeds that can lead to conflicts of interest, Corruption, Collusion, and Nepotism (KKN), as well as sanctions for
such violations.
As a form of implementation of the Anti-Corruption Policy, Mandiri Tunas Finance has done the following :
1. Issued provisions on gratification control within Mandiri Tunas Finance, including the prohibition of
gratification acceptance.
2. Anti-bribery policy agreed and approved by Top Management.
Anti-Corruption Training/Socialization to Employees
In overcoming corrupt practices, the Company has conducted a socialization program related to awareness of
fraud, corruption, and gratuities to all employees regularly throughout 2024.
Date Location Participants Description
19/01/2024 Head Office 25 employees Socialization of Anti-Fraud Awareness & Gratification
07/02/2024 Branch Office 21 employees Socialization of Anti-Fraud Awareness & Gratification
06/03/2024 Branch Office 28 employees Socialization of Anti-Fraud Awareness & Gratification
03/04/2024 Branch Office 23 employees Socialization of Anti-Fraud Awareness & Gratification
03/05/2024 Branch Office 21 employees Socialization of Anti-Fraud Awareness & Gratification
22/05/2024 Branch Office 26 employees Socialization of Anti-Fraud Awareness & Gratification
06/06/2024 Head Office 23 employees Socialization of Anti-Fraud Awareness & Gratification
11/06/2024 Branch Office 30 employees Socialization of Anti-Fraud Awareness & Gratification
24/06/2024 Branch Office 21 employees Socialization of Anti-Fraud Awareness & Gratification
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Date Location Participants Description
04/07/2024 Branch Office 30 employees Socialization of Anti-Fraud Awareness & Gratification
18/07/2024 Branch Office 48 employees Socialization of Anti-Fraud Awareness & Gratification
09/09/2024 Branch Office 86 employees Socialization of Anti-Fraud Awareness & Gratification
07/10/2024 Branch Office 91 employees Socialization of Anti-Fraud Awareness & Gratification
17/10/2024 Branch Office 53 employees Socialization of Anti-Fraud Awareness & Gratification
01/11/2024 Head Office & 3.384 employees Anti-Fraud Kick-off
Branch Office
14/11/2024 Branch Office 88 employees Socialization of Anti-Fraud Awareness & Gratification
26/11/2024 Branch Office 22 employees Socialization of Anti-Fraud Awareness & Gratification
WHISTLEBLOWING
SYSTEM
In order to implement the 2nd pillar of Mandiri Tunas Finance’s Anti-Fraud Strategy which is in line with the
Financial Services Authority regulations, namely detection, the Company has and manages a reporting/
Whistleblowing media through the Whistleblowing System (WBS) mechanism called Halo Perwira. Halo Perwira is
the Company’s effort to support Good Corporate Governance and prevent the occurrence of early detection of
indications of fraud, violations or other discrepancies reported by all stakeholders in the Company.
Scope of Violation Complaint through Mandiri Tunas Finance
Whistleblowing System
Reports that can be submitted by internal employees or external parties (consumers, partners of the Company)
to Halo Perwira to be followed up by the Whistleblower Manager are :
1. Allegations or indications of violation of procedures
2. Allegations or indications of fraud that occurred
3. Allegations or indications of violations of the Company’s Code of Conduct
4. Unlawful acts or other unethical acts that damage the Company either financially or the Company’s reputation.
Complaint Channel
Mandiri Tunas Finance has provided communication media related to actions suspected or indicated fraud and/
or non-fraud, to be followed up by the Whistleblower manager:
Website : www.mtf.co.id/id/whistle-blower
Email : halo.perwira@mtf.co.id
SMS/Telefon/WhatsApp : 081110678057
Complaint Management Party
The management of Whistleblowing Halo Perwira is carried out by the Anti-Fraud Strategy Working Unit which
is also responsible for the implementation of the Anti-Fraud Strategy in the Company. All reports submitted to
Whistleblowing Halo Perwira will be processed independently by prioritizing the investigation of the truth of the
information provided by the whistleblower.
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1b 3a
Customer Customer
1
Complaints Care
3
Website 3b
Human
Email Human
Capital
Whatsapp Resources
SMS 4b
4
informer anti fraud secure email
6 Fraud & Non Anti Fraud
Fraud & Audit
1a 3c
Mechanism for Submitting Complaints and Handling Complaints through the
Whistleblowing System
The mechanism for submitting complaints and handling complaints is as follows:
1. The whistleblower can send complaints through whistleblowing media through website, Whatsapp, SMS, and
email (1a). If the complaint does not fulfill the reporting element, then Anti-Fraud will conduct follow-up to the
whistleblower (1b).
2. The complaint is received by Anti-Fraud. If the complaint is related to consumer complaints, it will be forwarded
to Customer Care (3a). If the complaint is related to HR, it will be forwarded to Human Capital (3b), and if it is
related to fraud and non-fraud, it will be forwarded to Anti-Fraud Department and Corporate Audit Division.
3. If there are questions and need further information, Anti-Fraud will be the contact person to the whistleblower.
4. Information on complaint handling or complaint follow-up will be informed to the whistleblower
Whistleblower Protection
Mandiri Tunas Finance provides protection to whistleblowers, both internal and external parties, who submit
complaints to Whistleblowing Halo Perwira. The form of protection provided to the whistleblower is by
guaranteeing the confidentiality of the whistleblower’s identity in order to avoid all forms of threats, intimidation,
or unpleasant actions from any party..
Awards and Sanctions
All forms of violations that contradict the Company’s Code of Conduct, Company Regulations, as well as the
Company’s Standard Operating Procedures (SOP) and Operational Technical Guidelines (PTO) will be sanctioned
in accordance with the Company’s sanction matrix.
Complaint Handling Results in 2024
The number of complaints received and processed in 2024 and the follow-up of complaints are as follows:
Whistleblowing Report Status Total in 2024
Reports Received 21
Indication of Fraud 10
No Indication of Fraud 11
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INFORMATION ON FUNDING
FOR POLITICAL ACTIVITIES
The Company has a policy to prohibit the involvement of individuals on behalf of the Company in political activities,
including making donations for political purposes. The Company has a policy to prohibit the involvement of
individuals on behalf of the Company in political activities, including making donations for political purposes.
Strictly speaking, the Company does not allow Mandiri Tunas Finance personnel to use facilities or resources for
the purpose of political campaigns, political fundraising or for the purpose of political participation. As stipulated
in the Company’s Code of Conduct, a high level of concern for social and community issues is an important part
of the Company’s duties and responsibilities towards society, which is manifested through the Corporate Social
Responsibility (CSR) program. A more detailed description of the CSR programs and activities carried out by the
Company throughout 2024 can be seen in the Company’s Sustainability Report.
GOODS AND SERVICES
PROCUREMENT POLICY
Basic Principles and Provisions for Procurement of Goods and Services
within the Company
In procuring goods and services, the Company applies efficiency, accountability and transparency. The legal
basis for the implementation of the procurement of goods and services refers to the rules of the Company’s
Operational Standards regarding the procurement of goods and services. Therefore, the procurement of goods
and services is carried out carefully starting from planning, procurement, selection/selection of goods and
services providers, and supervision of procurement implementation by paying attention to the following aspects:
1. Efficient, meaning that the procurement of goods/services must be attempted by using limited funds and
resources to achieve the set goals in the shortest possible time and be accountable.
2. Effective, meaning that the procurement of goods/services must be in accordance with the needs that have
been determined and can provide the maximum benefit in accordance with the specified objectives.
3. Open and Competitive, meaning that the procurement of goods/services must be open to providers of goods/
services that meet the requirements and is carried out through fair competition among providers of goods/
services that are equal and meet certain requirements/criteria based on clear and transparent provisions and
procedures.
4. Transparent, meaning that all provisions and information regarding the procurement of goods/services,
including technical requirements for procurement administration, evaluation procedures, evaluation results,
and determination of prospective goods/service providers, are open to interested goods/service provider
participants and to the wider community in general.
5. Fair/Non-Discriminatory, meaning providing equal treatment for all prospective goods/services providers and
not leading to giving advantages to certain parties, in any way and or reason.
6. Accountable, meaning that it must achieve both physical, financial and benefit targets for the smooth
implementation of general government tasks and community services in accordance with the principles and
provisions that apply in the procurement of goods/services.
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2. Efficient, meaning that Procurement activities
Types of Auctions are carried out to achieve the quality as specified,
Public Auction and Limited Auction with the agreed time at the best price level.
The implementation of this method is carried out if 3. Open and Competitive, meaning that the
the tender value is estimated to be more than Rp5 implementation of Procurement must be open
billion with the following implementation conditions: to providers of goods and services that have
• Prequalification announcement met the requirements and carried out through
• Submission of pre-qualification documents fair competition among Providers of Goods and
• Evaluation of pre-qualification documents Services and meet certain requirements/criteria
• Determination of pre-qualification announcement based on clear and transparent provisions and
• Invitation to collect procurement documents procedures.
• Bid explanation - Entry and opening of bids 4. Transparent, meaning that all provisions and
• Evaluation of bids - Preparation of minutes of information regarding the implementation
auction results of Procurement, including technical and
• Determination of the auction winner administrative requirements, evaluation
• Announcement of winning bidder procedures, evaluation results, determination of
• Bidder’s rebuttal prospective providers of goods and services are
- Contract signing open.
- Advance payment 5. Fair and non-discriminatory, meaning providing
equal treatment for all prospective Goods and
Direct Selection Services Providers, not directing to provide
The procedure for procuring goods and services using advantages to certain parties in way and/or
the direct selection method is carried out with the reason.
following process: 6. Accountable, meaning that the procurement
• Invitation to goods and service providers process, results and payments must be
• Providing explanation of procurement documents accountable.
• Bid submission - Bid opening 7. Responsibility, meaning that the procurement
• Bid evaluation process is carried out carefully and in compliance
• Technical clarification and negotiation with applicable regulations.
• Determination of selected goods and service 8. Independence, meaning that procurement
providers decisions are made objectively and free from
• Appointment of goods and services providers pressure from any party.
• Signing
Procurement Ethics
In the implementation of Procurement, all parties
Procedures for Procurement of involved in the process, including the Procurement
Goods and Services within the Implementation Unit, Users, and Goods and Services
Company Providers must fulfill the following ethics:
Basic Principles of Procurement 1. Carry out their respective obligations in an
The implementation of the Procurement process must orderly manner with a sense of responsibility to
pay attention to the Basic Principles of Procurement, achieve the smooth and accurate achievement of
namely: Procurement goals.
1. Effective, meaning that Procurement activities 2. Work professionally and independently on the
must be in accordance with the needs/plans that basis of honesty and maintain the confidentiality
have been set and can provide optimal benefits for of documents that should be kept confidential,
the company. such as the Own Estimate Price (HPS), to prevent
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irregularities in the implementation of Procurement • Not easily damaged/lost
activities. • If damaged, it can generally be repaired
3. Not influencing each other directly or indirectly to • Units are easy to monitor, count and can be
prevent and avoid unfair competition. coded
4. Accept and be responsible for all decisions made in • The acquisition value is in accordance with
accordance with the agreement of the parties. • applicable regulations
5. Avoid and prevent conflict of interest between the
parties. 2. Exploitation/Operational Expenditure (OPEX)
6. Avoid and prevent waste in the implementation of All expenses/costs to acquire Goods and Services
Procurement activities. charged to General and Administrative Costs,
7. Avoid and prevent abuse of authority and/or labor costs, training costs, raffle prize costs, non-
collusion with the aim of personal gain, group, or raffle prize costs, and promotional costs with the
other parties that can directly or indirectly harm following criteria:
the bank. • Does not meet the criteria for investment goods.
8. Avoid and prevent Corruption, Collusion, and • Has a (pure) rental nature even though it has a
Nepotism (KKN) in the Procurement process. technical life of 5 (five) years or more.
9. Do not accept gifts or rewards in any form, either • For application enhancement, which is
directly or indirectly. specifically for Information Technology Solutions
related to enhancement or improvement of
Means or Media for the Process applications using Change Request, it can be
of Procurement of Goods and/or charged to BUA as long as it does not add value
Servicesa to benefits.
To support the implementation of the procurement 3. Re-budgeting and Reserves If the obligation for
process of goods and/or services, the company the invoice of the Goods and Services Provider
provides media and facilities through the Company’s extends beyond the financial year (for example due
E-Procurement through the website https:// to payment terms or retention), then::
procurement.co.id:7348. • For investment expenses, it must be re-
budgeted in the following financial year period
The E-Procurement system is used so that in the amount of the remaining unpaid term for
procurement can be carried out transparently and can the relevant procurement by the User.
be monitored by all procurement committees. • For exploitation expenses, it must be reserved
at the end of the financial year for work whose
Guidelines for Charges for benefits have been received by MTF (BAST/
Procurement of Goods and Services BAKP has been signed) and re-budgeted for
Procurement realization must be in accordance with work that has not been received by the User.
the current year’s RKAP both at the expense of the 4. Bookkeeping Recording of Procurement
investment budget item (capital expenditure) and the transactions should be in accordance with
exploitation budget item (general and administrative Mandiri Tunas Finance’s Accounting Policy and the
expenses). provisions of the Standard Accounting Manuali.
1. Capital Expenditure
Procurement of movable and immovable fixed assets Own Estimate Price (HPS)
categorized as investment expenditure is charged Own Estimate Price (HPS) is an analysis of the
to capital expenditure (Capital Expenditure), the calculation of the estimated cost of procurement
classification of Capital Expenditure items has the of goods/services calculated on the basis of the
following criteria: scope and specifications of goods/services to be
• Not used up within 1 (one) year procured, by utilizing data sources that can be used
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and using appropriate technical analysis methods. 7. The timeliness of the procurement process is
Every procurement process, except direct purchase carried out according to a predetermined schedule.
and online purchase, must have HPS as a reference
in carrying out the price clarification/negotiation Procurement Process Through
process for an offer and to determine the procurement Tender Process Method
decision maker. 1. Provide invitations to goods and service providers.
2. Stages of the aanwijzing process.
HPS must reflect a reasonable and accountable price, 3. Bid submission:
the preparation of HPS must have taken into account a. a. Submission of bidding documents by
the cost of taxes in accordance with applicable e-tendering through the Company’s
regulations, overhead costs and a reasonable margin/ procurement website https://procurement.
profit for service providers. HPS revision can be co.id:7348;
carried out if it meets one of the following criteria b. Bidders submit bid documents (administrative,
1. There are cost components that have not been technical, price) online by uploading bid
taken into account in the initial HPS documents through https://procurement.
2. The negotiation process has been finalized with the co.id:7348.
condition that the negotiated price is still above the 4. Stages of the clarification and negotiation process.
HPS, but it is not possible to re-procure because 5. Stages to obtain an appropriate price and ensure
the number of partners capable of carrying out technical clarity and accountable costs.
the work is limited or does not guarantee the 6. The stages of the clarification process and
achievement of the target. further negotiations (if needed) are carried out
if the technical and cost aspects are still not in
Submission of Procurement Request accordance with the proposed TOR.
1. Users submit procurement requests as outlined 7. Determination of the selected goods and services
in the Memorandum to the Procurement provider.
Implementation Unit by including information 8. The procurement team/procurement
needed in the procurement process, and attaching implementation unit proposes a candidate for the
the required supporting documents. selected goods and services provider to the team
2. Procurement requests must be approved by the of officials authorized to determine the goods and
Authorized Officer, in accordance with the Goods services provider by attaching the minutes of
and Services Submission approval matrix. evaluation and negotiations and other information
3. Ensure budget availability for each procurement. to be determined.
4. Requests for Procurement of Information 9. Appointment of goods and services providers.
Technology Goods and Services for strategic 10. The committee issues a decision letter on the
IT projects are submitted to the Procurement appointment of goods/service providers to the
Implementation Unit based on strategic IT initiative selected goods and service providers and issues
decisions set by the authorized Committee or Board notification letters to the losing participants.
of Directors Meeting at the preparation of the RKAP 11. Contract signing.
at the beginning of the year and its amendments in
the current year. Establishment of
5. The Procurement process can only be carried out if Procurement System
all requirements related to the Procurement process Determination of Procurement Method & Type
have been obtained from the relevant work unit. Taking into account the type, nature, and value of
6. The Procurement Unit evaluates each procurement goods/services as well as location conditions and
request submitted to ensure that all required the number of existing goods/services providers,
documents are complete. the goods and services procurement work unit/
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procurement committee and/or together with 1. One-Cover Method
the goods/services user must first determine the The One-Cover Method is the submission of
procurement method/system that is most appropriate Bidding Documents consisting of administrative
or suitable for the goods/services concerned, requirements, technical requirements, and price
including: procurement methods, bid submission bids which are put into 1 (one) sealed cover to
systems, bid evaluation methods and procurement the Goods and Services Procurement Work Unit/
contract systems to be used. Procurement Committee.
2. Two-Cover Method
Procurement methods can be carried out using the The Two-Cover Method is the submission of
following methods: Bidding Documents consisting of administrative
• Public auction requirements and technical requirements in a
• Limited selection sealed cover I, while the bid price is in a sealed cover
• Direct appointment II, then cover I and cover II are put into 1 (one) cover.
• Direct procurement/purchase 3. Two-Stage Method
• Competition/contest The Two-Stage Method is the submission of
Bidding Documents consisting of administrative
Other procurement methods to be determined under requirements and technical requirements included
the Regulations of the Board of Directors include the in a sealed cover I (stage I), while the bid price
type of procurement work: is included in a sealed cover (stage II), which is
• Goods are objects both tangible and intangible. submitted in 2 (two) stages separately and at different
● Contracting services are construction work times. The Two-Stage Method is used for high-tech,
services or other physical forms whose technical complex and high-risk Goods/Services Procurement
planning and specifications are determined by or prioritizes the achievement/fulfillment of certain
the user of goods/services and the process and performance criteria of the entire system.
implementation are supervised by the user of
goods/services or the assigned supervisor. The selection of the binding system is made based on
● Consulting services are professional expertise consideration of the degree of complexity of the work
services that require certain expertise in various to be tendered.
scientific fields.
• Other services are services that require certain Submission of Bidding Documents
abilities that prioritize skills (skillware) in a The method of submission and opening of Bidding
governance system that has been widely recognized Documents shall follow the provisions required in the
in the business world to complete a job or all work Procurement Document. The requirements to register,
and/or provision of services other than Consulting qualify for registration, and collect Bidding Documents
Services, Contracting, and Goods. with post-qualification requirements and procedures
for submitting Bidding Documents are as follows:
Binding System and Submission of 1. Bidders who are entitled to submit Bid Documents
Bidding Documents are Goods/Services Providers who have passed
Method of Binding the Bidding Documents the prequalification and are included in the list
The method of bundling the Bidding Documents must of invited participants. Submission of Bidding
follow the provisions required in the Procurement Documents is carried out in the following manner:
Document and the Goods and Services Procurement a. Directly
Work Unit/Procurement Committee at the time of the i. Participants directly submit their bidding
explanation (aanwijzing) that one of the following 3 documents into the bid entry place provided
(three) methods is used: by the Goods and Services Procurement
Work Unit/Procurement Committee.
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ii. The latest deadline for the submission iii. Bidding documents that have been uploaded
of bidding documents into the bidding in pdf format will be encrypted (password) by
document submission place must be in the e-procurement system and the password
accordance with the provisions in the (file certificate) will be sent to the bidder.
Procurement Document, namely before iv. Bidders are prohibited from providing
the closing time for submission of Bidding/ encryption codes (passwords/certificates)
Proposal Documents. before the bid document upload deadline.
iii. At the end of the document submission v. Bidding documents that cannot be opened
deadline, the Goods and Services during bid opening, either due to password
Procurement Work Unit/Procurement errors or damage to softcopy files sent by the
Committee declares the submission of Bidder, are at the risk of the Bidder.
Bidding/Proposal Documents closed, vi. Before the upload deadline ends, participants
rejects late Bidding/Proposal Documents may change the bidding document (per
and rejects additional Bidding/Proposal required item) and the applicable file is the
Documents. last uploaded file.
iv. The Bidder shall submit the Bidding/Proposal vii. After the upload deadline ends, the Goods
Documents in a sealed and glued cover. and Services Procurement Work Unit/
v. On the cover only write: the address of Procurement Committee requests the
the service user and the name of the work encryption code (password/file certificate).
package to be carried out in the upper left The Goods and Services Procurement Work
corner of the cover. Unit/Procurement Committee can provide a
vi. If the cover is not glued in accordance with certain time limit to submit the encryption
the instructions, the Goods and Services code (password), if until the specified time
Procurement Work Unit/Procurement limit the participant does not provide the
Committee is not responsible for the contents encryption code (password) or the code
of the bid cover. Offers that are not glued or provided is invalid so that the offer cannot
have writing errors on the cover of the Bidding be opened or evaluated, the offer will be
Document do not invalidate the offer. declared void.
vii. If a bidder wishes to withdraw/change/ 2. Bid Evaluation System. The bid evaluation system
replace/add to the bidding documents that is divided into 2 parts, namely::
have been placed in the Bidding Document a. Bid evaluation system for procurement of
submission area, it must be done before the goods and services consisting of knockout
closing time for submission of the Bidding system, value system, and cost assessment
Documents. system over the economic life;
b. Submission of bidding documents by b. The bid evaluation system for the procurement
e-tendering digitally through the Company’s of consulting services is divided into quality
procurement website https://procurement. evaluation system, quality and cost evaluation
co.id:7348. system, and lowest cost evaluation system.
i. Bidders submit bid documents
(administrative, technical, price) online by Forms and types of work bonds
uploading bid documents through https:// The form of work bond consists of proof of purchase
procurement.co.id:7348. of goods, SPK, work contract:
ii. Bidders submit bid documents 1. Types of work bonds consist of lump sum bonds,
(administration, technical, price) online by unit price bonds with volume, combined lump sum
uploading bid documents through https:// and unit price bonds, acceptance bonds, unit price
procurement. co.id:7348. bonds without definite order volumes, staged
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AWAKENING A NEW SPIRIT LEADING THE MARKET
delivery bonds with maximum volume limits, cost tender results
plus fee bonds, and percentage bonds. 8. Determination of the auction winner
2. In the implementation of the procurement of 9. Announcement of winning bidder
goods and services, it must be realized that there 10. Bidder’s rebuttal
are risks that may arise, including the resignation 11. Contract signing
of the goods and services provider, failure to 12. Advance payment
perform, the risk of withdrawing advances, and
other risks. Direct Selection
The procedure for procuring goods and services using
Types of Auctions the direct selection method is carried out with the
Public Auction and Limited Auction following process:
The implementation of this method is carried out if 1. Invitation to goods and service providers
the tender value is estimated to be more than Rp10 2. Providing explanation of procurement documents
billion with the following implementation conditions: 3. Bid submission - Bid opening
1. Prequalification announcement 4. Bid evaluation
2. Submission of pre-qualification documents 5. Technical clarification and negotiation
3. Evaluation of pre-qualification documents 6. Determination of selected goods and service
4. Determination of pre-qualification announcement providers
5. Invitation to collect procurement documents 7. Appointment of goods and service providers
6. Bid explanation - submission and opening of bids 8. Contract signing
7. Evaluation of bids - preparation of minutes of 9. Advance payment
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>> Corporate Governance
05
COMPLIANCE WITH THE FINANCING COMPANY
GOVERNANCE GUIDELINES: COMPLIANCE WITH OJK
REGULATION NO. 29/POJK.05/2020 CONCERNING
AMENDMENTS TO OJK REGULATION NO. 30/
POJK.05/2014 CONCERNING GOOD CORPORATE
GOVERNANCE FOR FINANCING COMPANIES
In general, the Company as a financing company has implemented all regulations issued by OJK, and will
continue to strive to make improvements to create added value for shareholders and stakeholders. In terms of
GCG implementation guidelines regulated under OJK Regulation No. 29/POJK.05/2020 concerning Amendments
to OJK Regulation No. 30/POJK.05/2014 concerning Good Corporate Governance for Financing Companies,
the Company strives to develop GCG principles in accordance with these regulations. The description of its
implementation can be seen below
Conformity of the Development of GCG Implementation in Mandiri Tunas
Finance Scope with OJK Regulation No. 29/POJK.05/2020 concerning
Amendments to OJK Regulation No. 30/POJK.05/2014 concerning Good
Corporate Governance for Financing Companies
Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
Implementation The principles of Good Corporate Governance include: ✓ Important Company information, such as
of Good transparency, accountability, responsibility, independence, and Annual Reports, Financial Statements, etc., are
Corporate equality and fairness. available on the Company’s web pages.
Governance
The implementation of Good Corporate Governance aims to: ✓ The Company in carrying out its business
• Optimize the value of the Company for Stakeholders, activities always implements good governance
especially Debtors, creditors, and/or other Stakeholders; in accordance with these 5 principles, so that the
• Improve the management of the Company in a professional, Company’s objectives for the implementation of
effective, and efficient manner; good governance can be achieved.
• Improve the compliance of the Company’s Organs and
DPS as well as the ranks under them so that in making
decisions and carrying out actions based on high ethics,
compliance with laws and regulations, and awareness of
the Company’s social responsibility towards Stakeholders
and environmental sustainability;
• Realize a Company that is healthier, reliable, trustworthy,
competitive, and meets the principles of consumer
protection; and
• Increase the Company’s contribution to the national
economy.
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Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
The implementation of Good Corporate Governance principles is ✓ • The Company has a Code of Conduct for
at least realized in: the Board of Commissioners and Board of
• Implementation of duties and responsibilities of the Board Directors;
of Directors, Board of Commissioners, and DPS; • The Company has a Charter/Guidelines for
• Completeness and implementation of the duties of the Committees supporting the Board of
committees and work units that carry out the internal Commissioners;
control function; • The Company has a good governance policy
• Handling Conflict of Interest; which includes arrangements regarding
• Implementation of compliance, internal audit and external conflicts of interest;
audit functions; • The Company has a compliance and
• Implementation of risk management and internal control internal audit function along with policies
systems; and procedures.
• Implementation of remuneration policy; • The Company has a risk management
• Transparency of financial and non-financial conditions; and function along with policies and internal
• Business plan. controls;
• The remuneration policy is conducted
by the Company’s Nomination and
Remuneration Committee;
• Transparency of financial and non-financial
conditions has been implemented by the
Company. This is evident in the company’s
website page where financial and non-
financial information is available; and
• The company has a long-term and short-
term plan. The short-term is prepared
for 1 year in the form of a business plan
with contents in accordance with OJK
regulations
In conducting business activities, the Company must conduct ✓ The Company’s business activities have been
its business activities in a healthy manner and comply with all adjusted to statutory provisions including OJK
laws and regulations of the financial services industry under the regulations relating to the finance company
supervision of the OJK. industry.
The Company shall have adequate standard operations and ✓ All business and operational activities of the
procedures for all business activities of the Company as Company have policies and procedures that
determined by the Board of Directors. have been established by the Board of Directors.
General Meeting The Company’s GMS must be held in accordance with the ✓ The Company conducts the Annual General
of Shareholders provisions of laws and regulations and the Company’s articles of Meeting of Shareholders in accordance with
association are transparent and accountable. applicable laws.
In making decisions, the GMS must safeguard the interests of ✓ GMS resolutions are based on deliberation and
all parties, especially the interests of debtors, creditors, and the consensus of all shareholders.
interests of minority shareholders.
Shareholders Each party that becomes a controlling shareholder of the ✓ The Company’s shareholders have passed
Company must fulfill the provisions of the fit and proper the fit and proper assessment as controlling
assessment. Provisions regarding the fit and proper assessment shareholders.
are regulated by OJK Regulation regarding the fit and proper
assessment.
Shareholders must be committed to the development of the ✓ The Company conducts GMS as stipulated in
Company’s operations. the POJK.
Shareholders must be committed to the development of the ✓ Shareholder commitment is always dedicated to
Company’s operations. the development of the Company’s operations.
The Company’s shareholders are prohibited from interfering with ✓ The Company’s Shareholders do not interfere
the Company’s operational activities which are the responsibility with the Company’s operational activities as
of the Board of Directors in accordance with the provisions of specified in the Limited Liability Company Law.
the Company’s Articles of Association and laws and regulations,
except in the context of exercising their rights and obligations as
GMS.
Shareholders of the Company who serve as members of the ✓ Members of the Company’s Board of Directors
Board of Directors, members of the Board of Commissioners, or and Board of Commissioners always put the
members of the DPS of the same Company must prioritize the interests of the Company first and practice the
interests of the Company implementation and supervision functions in
accordance with statutory provisions.
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Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
Board of Companies with assets of more than Rp200,000,000,000.00 ✓ The Company has 3 (three) Directors.
Directors must have at least 3 (three) members of the Board of Directors.
All members of the Board of Directors of the Company whose ✓ The Company’s shareholders are Indonesian
shareholders are: legal entities owned directly or indirectly by
• Indonesian citizen; and/or Indonesian citizens, so all members of the
• Indonesian legal entities owned directly or indirectly by Company’s Board of Directors are Indonesian
Indonesian citizens, citizens.
• must be an Indonesian citizen.
Companies in which there is direct or indirect foreign ownership ✓ There is no foreign ownership in the Company.
must have at least 50% of the members of the Board of Directors
who are Indonesian citizens.
Members of the Company’s Board of Directors must reside in the ✓ All members of the Board of Directors are
territory of the Republic of Indonesia. domiciled in Indonesia.
Members of the Board of Directors who are foreign nationals must ✓ No member of the Board of Directors is a foreign
have a residence permit and work permit from the competent national.
authority.
All members of the Company’s Board of Directors must have ✓ All members of the Company’s Board of
knowledge relevant to their positions. Directors have knowledge relevant to their
positions and all members of the Company’s
Board of Directors have passed the OJK fit and
proper test.
Members of the Company’s Board of Directors are prohibited ✓ Members of the Company’s Board of Directors
from holding concurrent positions as Directors of other do not hold concurrent positions in other
companies except as members of the Board of Commissioners companies.
at a maximum of 3 (three) other companies. It does not include
concurrent positions if a member of the Board of Directors who
is responsible for supervising the investment in a subsidiary
that has a business in the field of financing, performs functional
duties as a member of the Board of Commissioners in a
subsidiary controlled by the Company, as long as the concurrent
position does not result in the person concerned neglecting the
implementation of duties and authorities as a member of the
Board of Directors of the Company.
Each member of the Company’s Board of Directors must pass a ✓ All members of the Board of Directors have
fit and proper assessment. Provisions regarding fit and proper passed the fit and proper assessment as
assessment are regulated by OJK Regulation regarding fit and stipulated in POJK.
proper assessment.
Members of the Company’s Board of Directors must fulfill the ✓ Members of the Board of Directors have met the
following criteria: criteria set by the OJK.
• able to act in good faith, honestly and professionally;
• able to act in the interests of the Company and/or other
Stakeholders;
• putting the interests of the Company and/or other
Stakeholders ahead of personal interests;
• able to make decisions based on independent and objective
judgment for the interests of the Company and Debtors,
creditors, and/or other Stakeholders; and
• able to avoid abuse of his/her authority to obtain undue
personal gain or cause harm to the Company.
The Board of Directors of the Company shall: ✓ The Company’s Board of Directors carries out
• comply with laws and regulations, Articles of Association, its duties and responsibilities as mandated in
and other internal regulations of the Company in carrying the Law and Articles of Association.
out their duties;
• manage the Company in accordance with its authority and
responsibility;
• be accountable for the implementation of its duties to the
GMS;
• ensure that the Company takes into account the interests
of all parties, especially the interests of Debtors, creditors,
and/or other Stakeholders;
• ensure that information about the Company is provided
to the Board of Commissioners and DPS in a timely and
complete manner; and
• assist and provide facilities and/or resources for the
smooth implementation of the duties and authorities of
the Company Organs and DPS
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Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
The Company shall have a member of the Board of Directors in ✓ The compliance function in the Company is led
charge of the compliance function. The compliance function is a directly by the President Director.
series of actions or steps to ensure that the policies, provisions,
systems, and procedures, as well as business activities carried out
by the Company are in accordance with the laws and regulations
and ensure the Company’s compliance with the commitments
made by the Company to the OJK and/or other authorized
supervisory authorities.
The Company must have a work unit or employee who carries ✓ The Company has a work unit that performs
out the compliance function. The work unit or employee is tasked the compliance. function, namely the Legal
with assisting the Board of Directors in ensuring compliance with Division.
laws and regulations in the field of financing business and other
laws and regulations. The work unit or employee in question is
responsible to the member of the Board of Directors
Members of the Company’s Board of Directors are prohibited from: ✓ The Company’s Board of Directors carries out
• conducting transactions that have a Conflict of Interest, its duties and responsibilities as stipulated in
with the activities of the Company in which the member of the laws and regulations and the Company’s
the Board of Directors serves; Articles of Association.
• utilizing their position in the Company where the member
of the Board of Directors serves for personal, family, and/or
other party interests that may harm or reduce the profits of
the Company where the member of the Board of Directors
serves;
• taking and/or receiving personal benefits from the Company
in which the member of the Board of Directors serves other
than the remuneration and facilities determined by the GMS
resolution; and
• fulfilling shareholder requests related to the operational
activities of the Company in which the member of the Board
of Directors serves other than those stipulated in the GMS.
The Board of Directors of the Company shall hold regular Board ✓ Throughout 2024, the Board of Directors met
of Directors meetings at least 1 (one) time in 1 (one) month. The .48 times.
Board of Directors of the Company shall attend the meeting of the
Board of Directors at least 50% of the total meetings of the Board
of Directors in a period of 1 (one) year.
The results of the Board of Directors meeting must be stated ✓ All meetings of the Board of Directors in 2024
in the minutes of the Board of Directors meeting and well have been documented in the minutes of
documented. Dissenting opinions that occur in the decisions the Board of Directors meetings, including
of the Board of Directors meeting must be clearly stated in the dissenting opinions if any.
minutes of the Board of Directors meeting along with the reasons
for the dissenting opinions. Members of the Company’s Board of
Directors who are present or absent from the Board of Directors
meeting are entitled to receive a copy of the minutes of the Board
of Directors meeting.
The total of meetings of the Board of Directors that have been ✓ The Board of Directors Meetings have been
held and the attendance of each member of the Board of disclosed in the Good Corporate Governance
Directors of the Company must be included in the report on Report.
the implementation of Good Corporate Governance.
The Board of Directors of the Company shall ensure the taking of ✓ The Board of Directors of the Company in
effective, precise, and quick decisions and can act independently, making decisions considers all aspects.
having no interests that may interfere with his or her ability to
carry out duties independently and objectively.
Board of Companies with assets of more than Rp200,000,000,000.00 (two ✓ The Company has four members of the
Commissioners hundred billion rupiah) must have at least 2 (two) members of the Board of Commissioners and two of them
Board of Commissioners. Companies must have at least 1 (one) are Independent Commissioners. All
member of the Board of Commissioners domiciled in the territory Commissioners of the Company are domiciled
of the Republic of Indonesia. in Indonesia.
Members of the Board of Commissioners with foreign ✓ The Company does not have a Board of
citizenship domiciled in the territory of the Republic of Commissioners with foreign nationality.
Indonesia must have: a residence permit; and a work permit,
from the competent authority.
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Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
Members of the Board of Commissioners of the Company are ✓ Members of the Board of Commissioners do
prohibited from holding concurrent positions as members of the not hold concurrent positions as Board of
Board of Commissioners in more than 3 (three) other Companies. Commissioners in other companies.
It does not include concurrent positions if:
• non-independent member of the Board of Commissioners
performs the functional duties of a shareholder of the
Company in the form of a legal entity in its business group;
and/or
• members of the Board of Commissioners hold positions in
non-profit organizations or institutions,
• provided that the person concerned does not neglect the
performance of duties and responsibilities as a member of
the Company’s Board of Commissioners.
Members of the Board of Commissioners must fulfill the ✓ All members of the Board of Commissioners are
requirement of never being a member of the Board of Directors of external parties of the Company and were not
the same Company within the last 6 (six) months. previously members of the Board of Directors of
the Company.
Each member of the Company’s Board of Commissioners must ✓ Each member of the Board of Commissioners
pass a fit and proper assessment. Provisions regarding fit and has passed the fit and proper test conducted
proper assessment are regulated by OJK Regulation regarding fit by OJK.
and proper assessment.
The Board of Commissioners of the Company shall: ✓ The Board of Commissioners carries out its
• carry out supervisory and advisory duties to the Board of obligations as mandated by the Law and the
Directors; Company’s Articles of Association.
• supervise the Board of Directors in maintaining the balance
of interests of all parties;
• prepare the Board of Commissioners activity report which
is part of the Good Corporate Governance implementation
report;
• monitor the effectiveness of the implementation of Good
Corporate Governance;
• provide approval in the event that the Sharia Supervisory
Board requires the assistance of members of committees
whose organizational structure is under the Board of
Commissioners; and
• ensure that the Board of Directors has followed up on audit
findings and recommendations from the Company’s internal
audit unit, external auditors, OJK supervision results and/or
supervision results of other authorities.
Members of the Board of Commissioners of the Company are ✓ The Board of Commissioners performs its duties
prohibited from: and functions in accordance with the prevailing
• conducting transactions that have a Conflict of Interest laws and regulations and the Company’s
with the activities of the Company in which the member of Articles of Association.
the Board of Commissioners serves;
• utilizing their position in the Company where the member
of the Board of Commissioners serves for personal, family,
and/or other party interests that may harm or reduce the
profit of the Company where the member of the Board of
Commissioners serves;
• taking and/or receiving personal benefits from the Company
in which the member of the Board of Commissioners serves,
other than the remuneration and facilities stipulated by the
resolution of the GMS; and
• interfering with the Company’s operational activities that
are the responsibility of the Board of Directors.
Members of the Company’s Board of Commissioners are entitled ✓ The Board of Directors always provides
to obtain information from the Board of Directors regarding the information to the Board of Commissioners in a
Company in a complete and timely manner. complete and timely manner.
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
Companies with assets of more than Rp200,000,000,000.00 ✓ The Company has one Independent
must have at least 1 (one) Independent Commissioner. The Commissioner and meets the requirements
Company’s Independent Commissioner must fulfill the following required by OJK
requirements:
• has no affiliation with members of the Board of Directors,
members of the Board of Commissioners, members of the
DPS, or shareholders of the Company, in the same Company;
• has never been a member of the Board of Directors, a
member of the Board of Commissioners, a member of the
DPS or held a position 1 (one) level below the Board of
Directors in the same Company or other companies that
have an affiliation with the Company within the last 2 (two)
years;
• understands the laws and regulations in the field of
financing and other relevant laws and regulations;
• has a good knowledge of the financial condition of the
Company in which the Independent Commissioner serves;
• has Indonesian citizenship; and
• domiciled in Indonesia.
Independent Commissioners have the main task of carrying out ✓ The duties and functions of the Independent
supervisory functions to voice the interests of debtors, creditors Commissioner are set out in the Code of
and other stakeholders. Conduct of the Board of Commissioners.
Independent Commissioners must report to OJK no later than 10 ✓ Throughout 2024, the Independent
calendar days from the discovery of: Commissioner did not find any violations and
• violation of laws and regulations in the field of financing; other matters that endangered the Company.
and/or
• circumstances or expected circumstances that may
jeopardize the Company’s business continuity.
The Company is prohibited from dismissing an Independent ✓ In 2024, the Company dismissed Totok
Commissioner due to the actions of the Independent Priyambodo from his position as Commissioner
Commissioner in carrying out their duties. of the Company and appointed Saptari.
Companies with total assets of more than Rp200,000,000,000.00 ✓ The Company’s Board of Commissioners has
are required to form an audit committee, risk monitoring an audit committee, risk monitoring committee
committee and remuneration and nomination committee. In and remuneration and nomination committee in
addition to the above committees, the Board of Commissioners carrying out its duties and responsibilities.
may form other committees to support the implementation of the
duties of the Board of Commissioners.
The Audit Committee of the Company shall consist of at least: ✓ The Company’s audit committee structure is in
• 1 (one) Independent Commissioner who serves as chairman; accordance with OJK regulations.
• 1 (one) independent party who has expertise in the field:
1. Audit;
2. Finance;
3. Accounting for Financing Companies or sharia
accounting for Sharia Financing Companies or Financing
Companies that have UUS.
who serves as a member.
The audit committee shall carry out: ✓ The Company’s audit committee structure is in
• Monitoring and evaluation of the planning and accordance with OJK regulations.
implementation of the audit; and
• Monitoring the follow-up of audit results in order to assess
the adequacy of the financial reporting process.
The audit committee shall carry out: ✓ The Company’s audit committee has carried out
• Monitoring and evaluation of the planning and monitoring and evaluation of audit planning and
implementation of audits; and implementation; and Monitoring of follow-up on
• Monitoring the follow-up of audit results in order to assess audit results in order to assess the adequacy of
the adequacy of the financial reporting process. the financial reporting process.
The implementation that must be carried out by the audit ✓ The audit committee has monitored the
committee as above, at least against: entire work of the internal audit unit, the
• Implementation of the duties of the internal audit work unit; suitability of the audit implementation by
• Conformity of audit implementation by public accounting the public accounting firm, the conformity of
firms with audit standards; financial statements with financial accounting
• Conformity of financial statements with financial standards, and the implementation of follow-up
accounting standards; and on the findings of the internal audit unit, public
• Implementation of follow-up by the Board of Directors on accountants, and other external audits.
the findings of the internal audit unit, public accountant,
and OJK supervision results, in order to provide
recommendations to the Board of Commissioners.
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Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
The Audit Committee shall provide recommendations regarding ✓ The audit committee has provided
the appointment of public accountants and public accounting recommendations on the appointment of public
firms to the Board of Commissioners to be submitted to the GMS. accountants and public accounting firms to the
Board of Commissioners.
The Risk Monitoring Committee shall consist of at least:: ✓ The Company’s risk monitoring committee
• 1 (one) Independent Commissioner who serves as chairman; structure is in accordance with OJK regulations.
and
• 1 (one) independent party with expertise in finance and/or
risk management who serves as a member.
The risk monitoring committee shall perform at least: ✓ The Company’s risk monitoring committee has
• Evaluation of the conformity between the risk management implemented:
policy and the implementation of the Company’s policy; • Evaluation of the suitability of the
and - Evaluation of the conformity between the risk risk management policy with the
management policy and the implementation of the implementation of the Company’s policy;
Company’s policy. • Monitoring and evaluation of the
• Monitoring and evaluation of the implementation of implementation of the duties of the
the duties of the risk management committee and risk risk management committee and risk
management working unit. management working unit.
The remuneration & nomination committee shall consist of at least: ✓ The Company’s remuneration & nomination
• 11 (one) Independent Commissioner who serves as committee structure is in accordance with OJK
chairman; regulations.
• 1 (One) Commissioner;
• 1 (One) official with a position level of 1 (one) level below
the Board of Directors in charge of human resource
management.
Remuneration and nomination committee shall: ✓ The Company’s remuneration and nomination
• Conduct evaluation and recommendations related to committee has: Conducted evaluation
remuneration policies; and and provided recommendations related to
• Develop and provide recommendations regarding remuneration policy; Developed and provided
nomination policies. recommendations related to nomination policy
Companies with total assets of up to Rp200,000,000,000.00 ✓ The Audit Committee is under the supervision
must have a function that assists the Board of Commissioners in of the Company’s Board of Commissioners.
monitoring and ensuring the effectiveness of the internal control
system and the implementation of the duties of internal auditors
and external auditors by monitoring and evaluating the planning
and implementation of audits in order to assess the adequacy of
internal controls including the financial reporting process.
The Company’s Board of Commissioners shall hold the Board ✓ Throughout 2024, the Board of Commissioners
of Commissioners meeting at least 1 (one) time in 3 (three) held meetings 6 times.
months. Members of the Company’s Board of Commissioners
must attend at least 75% of the total Board of Commissioners
meetings in a period of 1 (one) year. The results of the Board of
Commissioners meeting must be stated in the minutes of the
Board of Commissioners meeting and well documented.
Dissenting opinions that occur in the decision of the Board of ✓ The agenda of the Board of Commissioners
Commissioners meeting must be clearly stated in the minutes of meeting is listed in the Minutes of the Board of
the Board of Commissioners meeting along with the reasons for Commissioners Meeting.
the dissenting opinions. Members of the Board of Commissioners
of the Company who are present or absent from the Board of
Commissioners meeting are entitled to receive a copy of the
minutes of the Board of Commissioners meeting.
The total of Board of Commissioners meetings that have ✓ The total of meetings has been listed in the
been held and the attendance of each member of the Board Good Corporate Governance
of Commissioners must be included in the Good Corporate
Governance implementation report.
The Company’s Board of Commissioners shall ensure effective, ✓ The decisions of the Board of Commissioners
appropriate, and prompt decision-making and be able to act are independent and professional
independently in carrying out its duties.
Sharia Sharia Financing Companies and UUS must have a DPS. N/A The Company does not have a Sharia
Supervisory Supervisory Board.
Board
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AWAKENING A NEW SPIRIT LEADING THE MARKET
Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
Transparency Members of the Board of Directors and members of the Board of ✓ The share ownership of the Board of Directors
of Share Commissioners must disclose regarding: and Board of Commissioners are disclosed in
Ownership • share ownership which reaches 5% (five percent) or more in the register of shareholders.
the Company where the member of the Board of Directors
and member of the Board of Commissioners serves and/or
in other companies domiciled at home and abroad; and
• • financial and family relationships with other members
of the Board of Directors, other members of the Board of
Commissioners, members of the DPS, and/or shareholders
of the Company or business group where the members
of the Board of Directors and members of the Board of
Commissioners serve, to the Company where the members
of the Board of Directors and/or members of the Board of
Commissioners serve and are included in the report on the
implementation of Good Corporate Governance.
External The Company’s external auditor shall be appointed by the GMS ✓ The appointment of the External Auditor is in
Auditor from the external auditor candidates proposed by the Board accordance with the recommendations of the
of Commissioners based on the recommendation of the audit audit committee.
committee (if any). The nomination of the external auditor must
be accompanied by:
• the reasons for the nomination and the amount of
honorarium or fees proposed for the external auditor; and
• a statement of undertaking signed by the external auditor,
to be free from the influence of the Board of Directors,
Board of Commissioners, DPS, and interested parties in the
Company and willingness to provide information related to
the results of its audit to OJK.
The Company shall provide all accounting records and supporting ✓ The Company is open in providing information
data to the external auditor so that the external auditor can give and supporting data for external auditors.
his opinion on the fairness and conformity of the Company’s
financial statements with applicable auditing standards.
Remuneration The Company shall implement a remuneration policy for ✓ The remuneration policy has been set by the
Practices and members of the Board of Directors, members of the Board of Nomination and Remuneration Committee
Policies Commissioners, DPS, and employees that encourages prudent
behavior in line with the Company’s long-term interests and fair
treatment of debtors, creditors, and/or other stakeholders. The
remuneration policy must pay attention to at least::
• financial performance and fulfillment of the Company’s
obligations as stipulated in the prevailing laws and
regulations;
• individual work performance;
• fairness with the Company and/or equivalent position level
(peer group); and
• consideration of the Company’s long-term goals and
strategies.
Financing The Company shall develop a financing policy and plan as outlined ✓ The Company’s Business Plan contains a
Governance in the Company’s annual business plan. The financing policy and financing plan that has been determined by the
plan shall be: Company’s Board of Directors and socialized to
• determined by the Board of Directors; and relevant work functions.
• socialized to management an related work units
The Board of Directors shall make financing decisions in a ✓ The Company makes a business plan every year.
professional manner and optimize the added value of the
Company’s assets while taking into account the protection of
Debtors and the interests of other Stakeholders.
308 PT Mandiri Tunas Finance
Annual Report 2024
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>> Corporate Governance
05
Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
The company must have a responsible work unit or employee that: ✓ In making decisions, the Board of Directors pay
• organizes marketing functions, application of principles attention to all aspects.
regarding customers, financing analysis, monitoring the
quality of financing receivables, collection, handling Debtor
complaints;
• develops and implements financing quality standards and
procedures; and
• develops and implements internal control systems and
procedures to ensure that the process of providing financing
is carried out in accordance with financing policies and
strategies, and does not violate laws and regulations. To
perform these functions, the Company must have employees
who have knowledge and experience in the field of financing.
The Company may cooperate with other parties to perform ✓ Cooperation with third parties is always set out in
collection functions to Debtors. The Company must put the a written and stamped agreement.
cooperation with other parties in the form of a stamped written
agreement. Cooperation with other parties as intended must
fulfill the following provisions:
• the other party is a legal entity;
• the other party has a license from the authorized agency; and
• the other party has human resources who have obtained
professional certification in the field of collection from an
institution appointed by the Indonesian finance company
association. The Company is fully responsible for all impacts
arising from cooperation with other parties. The Company
shall periodically evaluate the cooperation with other parties.
Risk The Company shall implement risk management by identifying ✓ Risk Management is managed in one separate
Management and assessing, and risk management must be adjusted to the division.
and Internal objectives, business policies, size, and complexity of the business
Control as well as the Company’s ability. monitor business risks effectively.
The Board of Directors of the Company shall establish effective ✓ Internal Control is carried out by the Risk
and efficient internal controls to provide reasonable assurance Management and Internal Audit Division.
that business activities are carried out in accordance with
business objectives and strategies as well as the articles of
association and other internal rules of the Company, and laws
and regulations.
Internal control includes at least the following: ✓ The Company’s internal control has covered
• a disciplined and structured internal control environment matters as stipulated in the provisions of the
within the Company; Financial Services Authority.
• business risk assessment and management, which is a
process to identify, analyze, assess, and manage business
risks;
• control activities, namely actions taken in a process of
controlling the Company’s activities at every level and
unit in the Company’s organizational structure, including
regarding authority, authorization, verification, reconciliation,
assessment of work performance, division of tasks, and
security of company assets;
• information and communication system, which is a process of
presenting reports on operational, financial, and compliance
with laws and regulations in the field of financing business;
• monitoring procedures, namely the process of assessing the
quality of the internal control system including the internal
audit function at each level and unit of the Company’s
organizational structure, so that it can be implemented
optimally; and
• reporting mechanism to the Board of Directors with a copy
to the audit committee, in the event of irregularities in the
quality of the internal control system including the internal
audit function at each level and unit of the Company’s
organizational structure.
PT Mandiri Tunas Finance
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Page 310
AWAKENING A NEW SPIRIT LEADING THE MARKET
Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
Annual The company must prepare an annual business plan. The annual ✓ The company has developed an annual
Business Plan business plan shall at least include: business plan.
• executive summary;
• evaluation of the implementation of the previous period’s
Business Plan;
• vision, mission, and business strategy;
• Policy and management plans, including:
1. Business activity plan;
2. Business development or expansion plan;
3. Capitalization plan;
4. Funding plan;
5. Plans to develop and/or change office networks or
distribution channels;
6. Plans for organizational development, human resources,
and/or information technology; and
7. Activity plan in order to improve financial literacy and
inclusion for finance companies.
• financial statement projections and assumptions used;
• projection of specific ratios and items;
• other information.
The Company shall submit its annual business plan to OJK by 30 ✓ The Annual Business Plan has been reported
November prior to the start of the Business Plan year. before the specified due date.
The Company is required to submit a Business Plan Realization ✓ The business plan realization report has been
Report on a semi-annual basis to OJK. The semi-annual Business prepared in accordance with the provisions and
Plan Realization Report includes: submitted to OJK within the specified time limit.
• explanation of the achievement of the Business Plan;
• explanation of deviations from the realization of the
Business Plan;
• follow-up on the achievement of the Business Plan;
• financial ratios and specific items; and
• other information.
The semi-annual Business Plan Realization Report to OJK must ✓ The business plan realization report is submitted
be submitted no later than 1 month after the end of the relevant in accordance with applicable regulations.
semester.
The Company shall submit the Business Plan Supervision Report ✓ The business plan supervision report has been
on a semi-annual basis to the Financial Services Authority. The prepared in accordance with the provisions and
business plan supervision report at least contains the Board of submitted to OJK within the specified time limit.
Commissioners’ assessment regarding:
• rrealization of the business plan both quantitatively and
qualitatively;
• factors affecting the performance of LJKNB; and
• efforts to improve the performance of LJKN
The report on the realization of business plan supervision to OJK ✓ The business plan realization report is submitted
must be submitted no later than 1 month after the end of the in accordance with applicable regulations.
relevant semester.
Information The Company’s communication policy and strategy should enable ✓ The Company communicates with OJK through
Disclosure the required information to be provided to the OJK in a complete, the Corporate Secretary.
timely and efficient manner.
The Company shall have a reliable financial reporting system for ✓ Financial reporting has been done through a
supervisory and other stakeholder purposes. system regulated by OJK and IDX.
The Company must disclose to OJK regarding important matters, ✓ The Company conducts information disclosure.
at least including:
• resignation or removal of the external auditor;
• material transactions with related parties;
• ongoing and/or potential Conflicts of Interest; and -.
• other material information regarding the Company
Disclosure of important matters is contained in the Good ✓ Has been included in the Good Corporate
Corporate Governance implementation report. Governance Report.
310 PT Mandiri Tunas Finance
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>> Corporate Governance
05
Implementation within
Regulatory Content as Compliance Principle Status
Mandiri Tunas Finance
Business Ethics The Board of Directors, Board of Commissioners, DPS, and ✓ Available in Company Regulations.
employees of the Company are prohibited from offering or giving
anything, either directly or indirectly to other parties, to influence
decision-making related to financing transactions, in violation of
applicable laws and regulations.
The Board of Directors, Board of Commissioners, DPS, and ✓ The Board of Directors, Board of Commissioners,
employees of the Company are prohibited from accepting DPS, and employees of the Company have
anything for their personal interests in violation of applicable laws committed not to accept anything for personal
and regulations, either directly or indirectly, from anyone, which interests, as stated in the Employee Integrity
may affect decision making related to financing transactions. Pact.
The Company shall establish a guideline on ethical behavior, ✓ Listed in the Company Regulations.
which contains the value of business ethics, as a guide for the
Company’s Organs and all Company employees.
Reporting The Company must prepare a report on the implementation of ✓ The Company has prepared a report on the
Good Corporate Governance at the end of each financial year. implementation of Good Corporate Governance
The report on the implementation of Good Corporate Governance for OJK.
contains at least:
• transparency in the implementation of Good Corporate
Governance that discloses all aspects of the implementation
of the principles of Good Corporate Governance in
accordance with the principles of good corporate
governance; and
• an action plan that includes the necessary corrective
actions and completion time as well as challenges/
obstacles to completion, if there are still deficiencies in the
implementation of Good Corporate Governance. The Good
Corporate Governance implementation report must be
submitted no later than 30 April of the following year.
Sanctions Companies that violate the provisions of this Financial Services ✓ The Company does not violate the provisions
Authority Regulation are subject to administrative sanctions in the stipulated in the POJK.
form of written warnings. In the event that the company violates
the provisions of this Financial Services Authority Regulation, but
the violation has been resolved, it is still subject to administrative
sanctions in the form of a written warning which expires by itself.
In the event that the company has complied with the provisions
of the POJK, OJK revokes the administrative sanction in the form
of a written warning.
In the event that OJK has imposed administrative sanctions ✓ Throughout 2024 there were no sanctions
and the company does not fulfill the provisions that led to the imposed on the Company.
imposition of administrative sanctions, OJK may:
• lower the assessment result of the Company’s risk level or
soundness level; and
• conduct a reassessment of the Company’s principals.
PT Mandiri Tunas Finance
Annual Report 2024 311
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AWAKENING A NEW SPIRIT LEADING THE MARKET
312 PT Mandiri Tunas Finance
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>> Corporate Social and Environmental Responsibility
06
CORPORATE SOCIAL
AND ENVIRONMENTAL
RESPONSIBILITY
06 PT Mandiri Tunas Finance
Annual Report 2024 313
Page 314
AWAKENING A NEW SPIRIT LEADING THE MARKET
Mandiri Tunas Finance is committed to creating a business with positive
impact on stakeholders, both in the short and long term, through its
commitment to the principles of sustainable finance. These positive impacts
are realized through the implementation of Corporate Social Responsibility
(CSR) programs.
Further information on the implementation, strategies preparation,
approaches, program design, as well as monitoring and evaluation of CSR
activities can be found in the Sustainability Report which comes in a
separate book but is an integral part of this Annual Report. In addition, the
positive impact of the Company’s operations is also realized through the
preparation and implementation of selected programs in the Sustainable
Finance Action Plan (Rencana Aksi Keuangan Berkelanjutan/RAKB) that
are aligned with the principles of sustainable finance and the rules of
Environmental, Social, and Governance (ESG).
314 PT Mandiri Tunas Finance
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>> Corporate Social and Environmental Responsibility
06
BASIS FOR
CSR IMPLEMENTATION
The Company’s CSR and sustainable finance programs are in accordance with the Regulation of the Financial
Services Authority No. 51/POJK.03/2017 on the Implementation of Sustainable Finance for Financial Services
Institutions, Issuers, and Public Companies. In addition, CSR programs and activities are also aligned with the
Company’s Mission which is in line with the Environmental, Social, and Governance (ESG) aspects. The CSR
program is also carried out in accordance with various regulations, including:
1. Law No. 19 of 2003 on State-Owned Enterprises as has been amended latest by Law No. 6 of 2023 on the
Stipulation of Government Regulation in Lieu of Law No. 2 of 2022 on Job Creation.
2. Law No. 40 of 2007 on Limited Liability Companies as has been amended latest by Law No. 6 of 2023 on the
Stipulation of Government Regulation in Lieu of Law No. 2 of 2022 on Job Creation.
3. Government Regulation No. 47 of 2012 on Social and Environmental Responsibility of Limited Liability Companies;
4. Regulation of the Minister of State-Owned Enterprises of the Republic of Indonesia No. PER-1/MBU/03/2023
dated 3 March 2023 on Special Assignments and Social and Environmental Responsibility Programs of State-
Owned Enterprises.
SCOPE OF
CSR
The Company has formulated priority subjects and issues that will be incorporated as sustainability programs
in various aspects, namely economic aspect, environmental aspect, and social aspect so that the Company can
grow sustainably, free from corrupt practices, and provide benefits to stakeholders.
CSR
PRINCIPLES
The Company carries out various ESG activities on an ongoing basis, that are based on the eight principles of
sustainable finance, namely:
1. Principle of Investment
2. Principle of Sustainable Business Strategy and Practice
3. Principle of Social and Environmental Risk Management
4. Principle of Governance
5. Principle of Informative Communication
6. Principle of Inclusivity
7. Principle of Priority Leading Sector Development
8. Principle of Coordination and Collaboration
PT Mandiri Tunas Finance
Annual Report 2024 315
Page 316
AWAKENING A NEW SPIRIT LEADING THE MARKET
CSR
PILLARS
The Company has 3 strategy pillars, namely:
BECOME A TOP PLAYER IN ALL SUSTAINABLE PROFITABILITY IMPROVING THE PROCESS
SEGMENTS FOR THE BEST SERVICES
CSR PROGRAM
STRATEGY
The Company has a 5 (Five) Year Long Term Strategy a. Grow high margin products;
Plan and Steps. In its implementation, the Company b. Increasing recovery;
adheres to the 3 (three) strategy pillars of becoming a c. Growing feebased income;
top player in all segments, sustainable profitability, and d. Implement cost efficiency;
improving processes for the best service. e. Maintain portfolio quality.
3. Improving Processes for Best Service:
The strategy is implemented in several stages as a. Through collaboration with Livin and Kopra to
follows: serve customers;
1. Become a top player in all segments: b. Improving the acquisition process through MTF
a. Become a leader in Bank Mandiri’s captive market; 1Access;
b. Growing the wholesale segment (corporate, c. Optimizing services through MTF Mobile;
commercial, MSME); d. Improving processes and services through
c. Becoming a leader in pareto dealers; and Business Process Re-engineering (BPR) retail
d. Increase penetration in each potential and fleet segment.
multipurpose segment.
2. Sustainable profitability
CSR MANAGEMENT
STRUCTURE
The implementation of CSR by the Company is Secretary. More specifically, the management of CSR
managed by the division in charge of CSR duties is carried out directly by one level below the Corporate
and responsibilities, namely the Corporate Secretary Secretary, namely the Corporate Communication
Division or in this case referred to as the Corporate Department which can be seen structurally, as follows:
316 PT Mandiri Tunas Finance
Annual Report 2024
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>> Corporate Social and Environmental Responsibility
06
Corporate Secretary Division Head
Corporate Secretary Deputy
Division Head
Anti Fraud Corporate Communication Office of the Board
Department Head Department Head* Department Head
*The Corporate Communication department is authorized to manage CSR tasks and responsibilities.
CSR
ACHIEVEMENT 2024
As a manifestation of PT Mandiri Tunas Finance’s success in implementing Social and Environmental Responsibility
programs, the Company is entitled to win an award at the Marketeers Sustainable Marketing Excellence Award
2024. In the event, MTF received recognition as the Green Financing Program of the Year2024 thanks to one of
its programs, namely MTF Autofiesta with the title “Special for Go Green” which aims to organize the inclusion of
sustainable financing implementation in 2024.
CSR 2024
HIGHLIGHTS
Throughout 2024, the Company carried out various CSR activities that provided benefits to the community as
follows:
Sustainable
Development
Type of CSR Activity Description Achievements
Goals
Mandiri Tunas Finance’s 15th SDG No. 3, Good Health Fund allocation IDR Donated 150 blood bags
Anniversary Special Blood and Well-being 10,185,750
Donation Day Implementation period
February 2024
Mandiri Tunas Finance’s Sharing SDG No. 1 (No Poverty) and Fund allocation IDR Distributing groceries and
with Orphans No. 2 (Zero Hunger) 20,000,000 school supplies to 20 orphans
Implementation period
March 2024
PT Mandiri Tunas Finance
Annual Report 2024 317
Page 318
AWAKENING A NEW SPIRIT LEADING THE MARKET
Sustainable
Development
Type of CSR Activity Description Achievements
Goals
Sharing takjil with Mandiri Tunas SDG No. 2 Zero Hunger Fund allocation IDR Distributed 225 pack of takjil
Finance Officers in Ramadhan 9,217,500 Implementation
2024 period April 2024
Donation of Sacrificial Animals SDG No. 2: Zero Hunger, Fund allocation IDR Donating a 970 kg cow
on Eid al-Adha 1445 H SDG No. 12: Responsible 85,000,000 Implementation
Consumption and period June 202
Production
MTF with Bunda Mulia University SDG No. 4 Quality Fund allocation IDR Providing training for 70
Education 5,250,000 Implementation participants
period June 2024
MTF with Udayana University SDG No. 4 Quality Fund allocation IDR Providing training for 147
Education 22,011,986 Implementation participants
period June 2024
SUBMISSION OF SEPARATE
SUSTAINABILITY REPORT
The Company’s Sustainability Report is prepared with reference to the Regulation of the FSA No. 51/POJK.03/2017
on the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies.
Despite being a separate book, the Sustainability Report is an integral part of this Annual Report, as required in
the Circular Letter of the FSA No. 16/SEOJK.04/2021 on the Format and Content of Annual Reports of Issuers
or Public Companies, as well as Technical Guidelines for Financing Companies and Sharia Financing Companies
In Relation to the Implementation of the Regulation of the FSA No. 51/POJK.03/2017. The Company presents a
separate Sustainability Report as an integrated part of this Annual Report, which shall be published together with
the Annual Report.
318 PT Mandiri Tunas Finance
Annual Report 2024
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>> Corporate Social and Environmental Responsibility
06
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PT Mandiri Tunas Finance
Annual Report 2024 319
Page 320
AWAKENING A NEW SPIRIT LEADING THE MARKET
320 PT Mandiri Tunas Finance
Annual Report 2024
Page 321
>> Corporate Social and Environmental Responsibility
06
FINANCIAL
REPORT
07 PT Mandiri Tunas Finance
Annual Report 2024 321
Page 322
PT Mandiri Tunas Finance Laporan keuangan tanggal 31 Desember 2024 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Financial statements as of 31 December 2024 and for the year then ended with independent auditor’s report
Page 323
mandiri
tunas fonance
~~DR~~ P[~~3~J~la~alQV~ DoL~r"~9Q~ ~~3C~G3~0 D~IQGe~Do ~( ~0~~(~~"~~~' ~~'~17~~E~~E7'T
~~~9~Q~J~ ~f/a~`J'C~~~BR9~ ~9f~~9~C~ f,~`~1~~ Ge~LC~~1G3Do0C~7~
~apOG3gG~ F(EUANG~~J `C~IL~ G3L~~pOoG~7~0(~fl~,~~"ST (~~Ge?
~b~G~C~C~Ia~ ~~I ~[~~L6°~BE~3 ~~~4 `H'6sIC~ Ir~G~9G1GJ'C~dG1f~ ~`1I'~l ~l'CC~'JC~M7~~
~~~ &~~~9fi~NJG3 ~IQG;IM~J' ~'(IQ~JG [~~~aG3C;l~~. PG1~Ga ~,1~S ~~' ~9 ~GC~L~G~JC~CG3 ~~~4 QG`~9Do
~~~~~Q~ ~~f~~C~~~~ G~~~3' S~h'ILS ~/C~A;1G3 ~GII~GJ C~G~9DC~~
p5~ ~~'~GaC~~~f~3~ ~M~.9G~~ G~VCJl~6`J~~ ~'~C'1~GJ~~Ge~0 ~~G`J'~1~ 6~~d`J'QG~9~~
F~ami, yang berfanda fiangan di bawah ini: We, the undersigned below:
1. i~arvia Pinohadi G Sumardi Name
R~I~mat l~antor Gedung Grata Mandiri Lt. 3A Office address
J1. Imam ~onjol duo. 61
Men4~ng Jakar₹a Pusag 10390
Alamat dorriisili J1. Salak L-8 6Calibata Indah Domicile address or
afi~u sesuai ~CTP 4ZT 00~/RW OOS KeL Ftawajati address accora'ing fo ID
sec. Pancoran, Ja~arfia Selafian
iVoPnor felepon (029) 2305608 Telephone number
Jaba4an Direk4ur U4arna/Presidenf Director Title
2. iVama R Eryawan f~urhariadi Name
Al~anat kanfor Gedung Graha Mandiri Lt. 3A Office address
JI. Imam ~onjol i~o. 61
Ment~ng Jakarta Pusa₹ 10390
Alapnafi domisili JL. Tebe4 Timur Dalarn VIII L/27, Domicile address or
tau sesuai ~CTP RT/f2W:002/009, del. Tebef T'imuP, address according fo ID
l~ec. Tebet
Rlorr~or fielepon (021) 230560 Telephone number
Jabatan DireEcfiur ~Ceuangan/Finance Director Title
rrienyataE~an bahwa: declare fhaf:
9. Ka,mi berfangg~ang jawab etas penyusunan den 9. We are responsible for the preparation ana'
penyajian laporan ~~uangan Pl' Manderi Tunas presentation of fhe financial statements of
Finance; PT Mandiri Tunas Finance;
2. Laporan ~euangan PT Mandiri Tunas Finance Yelah 2. The financial statements of PT Mandiri Tunas
di~usun den dis~jikan sesuai dengan Sgandar Finance have been prepared and presented in
Al~un4ansi l~euangan di Indonesia; accordance wifh Indonesian Frnancia! ,4ccounting
Standards;
3. a. Semua informasi dalam laporan keuangan Pl' 3. a. All information in the financial statements of PT
Mandiri Tunas Finance 4elaG~ dimuafi secara Mandiri Tunas Finance have been fully
lengkap den benar; den disclosed in a complete and truthfiul manner,'
ana'
b. Lapor~n keuangan PT Mandiri Tunas Finance b. The financial statements of PT Mandiri Tunas
~Id~Ef I1l~Y1g~Pt~Un~ IP1~OPf71~S1 ~$~U lf~~f~ PT11aif~Pl~I Finance do notcontain anyincorrectinformafion
yang fidak benar, den fidak menghilang~an ormaterlalfacf,nordotheyomitanyinformafion
informasi ~Yau faE~fa ma4erial; or maferial fact;
4. ~~rni berfanggung jawab a₹as sis4em ~aengendalian 4. We are responsible for fhe internal control system
infereral dalaen P7 Mandiri Tuer~s Finance. of PT Mana'iri Tunas Finance.
DemiCCian pernyataan ini dibuat dengan sebenarnya. ~~ T'his staf~ment is made trufhfully.
Jakarta, 24 Januari 2025/ Jakarta, 2~ January 025
,'
s ~
1" puo~~~a~m~6 C~ S mardi ~~ R [~~~ers~w V~anP~~~u~~u
z9AMX003797662
Direkfiur Ufiama/President DirecPor Dire~fur ~Ceuangan/Finance Director
Page 324
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
LAPORAN KEUANGAN FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2024 AS OF 31 DECEMBER 2024
DAN UNTUK TAHUN YANG BERAKHIR PADA AND FOR THE YEAR THEN ENDED
TANGGAL TERSEBUT WITH INDEPENDENT AUDITOR’S REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Table of Contents
Halaman/
Page
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan............................................ 1-2 ....................................Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Statement of Profit or Loss and
Komprehensif Lain ............................................... 3 ................................ Other Comprehensive Income
Laporan Perubahan Ekuitas ........................................ 4 .................................. Statement of Changes in Equity
Laporan Arus Kas ....................................................... 5-6 ............................................ Statement of Cash Flows
Catatan atas Laporan Keuangan ................................. 7-124 ............................... Notes to the Financial Statements
***************************
Page 325
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen Independent Auditor’s Report
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 1/1/I/2025
Pemegang Saham, Dewan Komisaris, dan Direksi The Shareholders and the Boards of
Commissioners and Directors
PT Mandiri Tunas Finance PT Mandiri Tunas Finance
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying financial
PT Mandiri Tunas Finance (“Perusahaan”) statements of PT Mandiri Tunas Finance (the
terlampir, yang terdiri dari laporan posisi “Company”), which comprise the statement of
keuangan tanggal 31 Desember 2024, serta financial position as of 31 December 2024, and
laporan laba rugi dan penghasilan komprehensif the statement of profit or loss and other
lain, laporan perubahan ekuitas, dan laporan arus comprehensive income, statement of changes in
kas untuk tahun yang berakhir pada tanggal equity, and statement of cash flows for the year
tersebut, serta catatan atas laporan keuangan, then ended, and notes to the financial
termasuk informasi kebijakan akuntansi material. statements, including material accounting policy
information.
Menurut opini kami, laporan keuangan terlampir In our opinion, the accompanying financial
menyajikan secara wajar, dalam semua hal yang statements present fairly, in all material
material, posisi keuangan Perusahaan tanggal respects, the financial position of the Company as
31 Desember 2024, serta kinerja keuangan dan of 31 December 2024, and its financial
arus kasnya untuk tahun yang berakhir pada performance and cash flows for the year then
tanggal tersebut, sesuai dengan Standar Akuntansi ended, in accordance with Indonesian Financial
Keuangan di Indonesia. Accounting Standards.
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung jawab Indonesian Institute of Certified Public
kami menurut standar tersebut diuraikan lebih Accountants (“IICPA”). Our responsibilities under
lanjut dalam paragraf Tanggung Jawab Auditor those standards are further described in the
terhadap Audit atas Laporan Keuangan pada Auditor’s Responsibilities for the Audit of the
laporan kami. Kami independen terhadap Financial Statements paragraph of our report.
Perusahaan berdasarkan ketentuan etika yang We are independent of the Company in
relevan dalam audit kami atas laporan keuangan di accordance with the ethical requirements
Indonesia, dan kami telah memenuhi tanggung relevant to our audit of the financial statements
jawab etika lainnya berdasarkan ketentuan in Indonesia, and we have fulfilled our other
tersebut. Kami yakin bahwa bukti audit yang telah ethical responsibilities in accordance with such
kami peroleh adalah cukup dan tepat untuk requirements. We believe that the audit evidence
menyediakan suatu basis bagi opini kami. we have obtained is sufficient and appropriate to
provide a basis for our opinion.
i
Page 326
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/I/2025 (continued)
Hal audit utama Key audit matters
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal-hal professional judgment, were of most significance
paling signifikan dalam audit kami atas laporan in our audit of the financial statements of the
keuangan periode kini. Hal audit utama tersebut current period. Such key audit matters were
disampaikan dalam konteks audit kami atas addressed in the context of our audit of the
laporan keuangan secara keseluruhan dan dalam financial statements taken as a whole and in
merumuskan opini audit kami terhadapnya, dan forming our audit opinion thereon, and we do not
kami tidak menyatakan suatu opini audit terpisah provide a separate audit opinion on such key
atas hal audit utama tersebut. Untuk hal audit audit matters. For the key audit matter below,
utama di bawah ini, penjelasan kami tentang our description of how our audit addressed such
bagaimana audit kami merespons hal tersebut key audit matter is provided in such context.
disampaikan dalam konteks tersebut.
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
dijelaskan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Financial Statements paragraph of our report,
pada laporan kami, termasuk sehubungan dengan including in relation to the key audit matter
hal audit utama yang dikomunikasikan di bawah ini. communicated below. Accordingly, our audit
Oleh karena itu, audit kami mencakup pelaksanaan included the performance of procedures
prosedur yang dirancang untuk merespons designed to respond to our assessment of the
penilaian kami atas risiko kesalahan penyajian risks of material misstatement of the
material dalam laporan keuangan terlampir. Hasil accompanying financial statements. The results
prosedur audit kami, termasuk prosedur yang of our audit procedures, including the procedures
dilakukan untuk merespons hal audit utama di performed to address the key audit matter below,
bawah ini, memberikan dasar bagi opini kami atas provide the basis for our opinion on the
laporan keuangan terlampir. accompanying financial statements.
ii
Page 327
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/I/2025 (continued)
Cadangan kerugian penurunan nilai atas piutang Allowance for impairment losses on consumer
pembiayaan konsumen, piutang sewa financing receivables, finance lease receivables
pembiayaan dan anjak piutang (piutang and factoring receivables (financing
pembiayaan) receivables)
Penjelasan atas hal audit utama: Description of key audit matter:
Seperti tercantum dalam Catatan 5, 6, dan 7 atas As stated in Notes 5, 6, and 7 to the
laporan keuangan terlampir, nilai tercatat atas accompanying financial statements, the carrying
piutang pembiayaan konsumen, piutang sewa value of consumer financing receivables, finance
pembiayaan, anjak piutang dan cadangan kerugian lease receivables, factoring receivables and the
penurunan nilai terkaitnya adalah signifikan related allowances are significant to the
terhadap laporan keuangan Perusahaan terlampir. Company’s accompanying financial statements.
Pada tanggal 31 Desember 2024, nilai cadangan As of 31 December 2024, the amounts of
kerugian penurunan nilai atas piutang pembiayaan allowance for impairment losses for consumer
konsumen, piutang sewa pembiayaan dan anjak financing receivables, finance lease receivables
piutang adalah masing-masing sebesar Rp476.763 and factoring receivables are Rp476,763 million,
juta, Rp100.429 juta, dan Rp15.310 juta. Rp100,429 million, and Rp15,310 million,
Informasi kebijakan akuntansi material atas respectively. The material accounting policy
cadangan kerugian penurunan nilai aset keuangan information of allowance for impairment losses of
diungkapkan dalam Catatan 2 dalam laporan financial assets are disclosed in Note 2 to the
keuangan terlampir. accompanying financial statements.
Penentuan cadangan kerugian penurunan nilai Determination of allowance for impairment
aset keuangan tersebut di atas, memerlukan losses of the above-mentioned financial assets
pertimbangan dan memiliki ketidakpastian requires judgement and subject to estimation
estimasi mencakup penentuan model untuk uncertainty which includes determining the
menghitung cadangan kerugian penurunan nilai, model to calculate allowance for impairment
identifikasi eksposur kredit yang mengalami losses, identification of credit exposures with
penurunan kualitas kredit yang signifikan, dan significant deterioration in credit quality, and
penentuan asumsi yang digunakan dalam model determining assumptions used in the allowance
perhitungan cadangan kerugian penurunan nilai for impairment losses calculation models (for
(untuk eksposur yang dinilai secara individual atau exposures assessed on an individual or collective
kolektif), termasuk faktor ekonomi makro basis), including forward-looking
berorientasi masa depan. macroeconomics factors.
Karena penentuan cadangan kerugian penurunan Because the determination for allowance for
nilai piutang pembiayaan konsumen, piutang sewa impairment losses on consumer financing
pembiayaan dan tagihan anjak piutang melibatkan receivables, finance lease receivables and
pertimbangan dan estimasi signifikan dari factoring receivables involves significant
manajemen dan nilai tercatat yang signifikan, judgments and estimates from the management
maka hal ini adalah hal audit utama bagi kami. and the carrying amounts are significant, it is a
key audit matter for us.
iii
Page 328
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/I/2025 (continued)
Cadangan kerugian penurunan nilai atas piutang Allowance for impairment losses on consumer
pembiayaan konsumen, piutang sewa financing receivables, finance lease receivables
pembiayaan dan anjak piutang (piutang and factoring receivables (financing
pembiayaan) (lanjutan) receivables) (continued)
Respon audit: Audit response:
Kami menguji kontrol utama atas proses We tested the key controls over the process of
pemberian, pencatatan, dan pengawasan piutang origination, recording, and monitoring of the
pembiayaan konsumen, piutang sewa pembiayaan consumer financing receivables, finance lease
dan anjak piutang. Kami memperoleh pemahaman, receivables and factoring receivables. We
menilai metodologi pengukuran penurunan nilai, obtained understanding and assessed
dan melakukan validasi model pencadangan impairment measurement methodologies, and
kerugian penurunan nilai, serta data masukan, validated allowance for impairment losses’
dasar dan menilai kewajaran atas asumsi yang models, inputs, and bases and assessed
digunakan oleh Perusahaan dalam menghitung reasonableness of assumptions used by the
cadangan kerugian penurunan nilai. Kami menguji Company in calculating the allowance for
segmentasi kredit dan tiga tahapan kualitas kredit impairment losses. We tested the credit
portofolio sesuai dengan kriteria tingkatan segmentation and classification into three stage
(staging) yang disusun oleh Perusahaan untuk credit quality of loans portfolio in accordance
piutang pembiayaan konsumen, piutang sewa with staging criteria developed by the Company
pembiayaan dan anjak piutang. Kami for consumer financing receivables, finance lease
membandingkan pengalaman historis dengan receivables and factoring receivables. We
keadaan saat ini dan kerugian terkini yang terjadi compared the historical experience with the
dalam portofolio, serta menilai kewajaran atas current circumstances and the recent losses
penyesuaian berorientasi masa depan, analisis incurred in the portfolios, and assessed
faktor ekonomi makro, dan beberapa skenario reasonableness of forward-looking adjustments,
probabilitas tertimbang untuk piutang pembiayaan macroeconomic factor analysis, and probability-
konsumen, piutang sewa pembiayaan dan anjak weighted multiple scenarios for consumer
piutang. financing receivables, finance lease receivables
and factoring receivables.
iv
Page 329
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/I/2025 (continued)
Cadangan kerugian penurunan nilai atas piutang Allowance for impairment losses on consumer
pembiayaan konsumen, piutang sewa financing receivables, finance lease receivables
pembiayaan dan anjak piutang (piutang and factoring receivables (financing
pembiayaan) (lanjutan) receivables) (continued)
Respon audit: (lanjutan) Audit response: (continued)
Untuk cadangan kerugian penurunan nilai yang With respect to individually assessed allowance
dinilai secara individual, kami menguji sampel for impairment losses, we tested a sample of
piutang pembiayaan konsumen, piutang sewa consumer financing receivables, finance lease
pembiayaan dan anjak piutang untuk mengevaluasi receivables and factoring receivables to evaluate
identifikasi secara tepat waktu oleh Perusahaan the timely identification by the Company of
atas eksposur yang mengalami penurunan kualitas exposures with significant deterioration in credit
kredit yang signifikan atau telah mengalami quality or exposures which have been impaired;
penurunan nilai; untuk kasus-kasus di mana for cases where impairment has been identified,
penurunan nilai telah diidentifikasi, kami menilai we assessed the Company’s assumptions on the
asumsi Perusahaan atas arus kas masa depan expected future cash flows, including the value of
ekspektasian, termasuk nilai agunan yang dapat realizable collateral based on available market
direalisasikan berdasarkan informasi pasar yang information or valuation prepared by internal
tersedia atau penilaian yang dilakukan oleh penilai valuer. We checked the accuracy of the
internal. Kami memeriksa keakurasian perhitungan calculation of the allowance for impairment
jumlah cadangan kerugian penurunan nilai dengan losses amount by recalculating the collective
melakukan perhitungan ulang atas keseluruhan impairment for the entire portfolio and
portofolio yang penurunan nilainya dinilai secara recalculating the individual impairment on a
kolektif dan melakukan perhitungan ulang atas sample basis. We assessed whether the financial
penurunan nilai yang dinilai secara individual statements disclosures are adequately and
berdasarkan sampel. Kami menilai apakah appropriately reflecting the Company’s
pengungkapan di laporan keuangan cukup dan exposures to credit risk. We involved our
secara memadai mencerminkan eksposur auditor’s internal expert to assist us in the
Perusahaan terhadap risiko kredit. Kami performance of the above procedures when their
melibatkan pakar auditor internal kami untuk specific skills are needed.
membantu kami dalam melakukan prosedur-
prosedur di atas ketika keahlian spesifik mereka
diperlukan
Informasi lain Other information
Manajemen bertanggung jawab atas informasi lain. Management is responsible for the other
Informasi lain terdiri dari informasi yang tercantum information. Other information comprises the
dalam Laporan Tahunan 2024 (“Laporan information included in the Annual Report 2024
Tahunan”) selain laporan keuangan terlampir dan (the “Annual Report”) other than the
laporan auditor independen kami. Laporan accompanying financial statements and our
Tahunan diharapkan akan tersedia bagi kami independent auditor’s report thereon. The
setelah tanggal laporan auditor independen ini. Annual Report is expected to be made available
to us after the date of this independent auditor’s
report.
v
Page 330
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/I/2025 (continued)
Informasi lain (lanjutan) Other information (continued)
Opini kami atas laporan keuangan terlampir tidak Our opinion on the accompanying financial
mencakup Laporan Tahunan, dan oleh karena itu, statements does not cover the Annual Report,
kami tidak menyatakan bentuk keyakinan apapun and accordingly, we do not express any form of
atas Laporan Tahunan tersebut. assurance on the Annual Report.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan terlampir, tanggung jawab kami adalah financial statements, our responsibility is to read
untuk membaca Laporan Tahunan ketika tersedia the Annual Report when it becomes available
dan, dalam melaksanakannya, mempertimbangkan and, in doing so, consider whether the Annual
apakah Laporan Tahunan mengandung Report is materially inconsistent with the
ketidakkonsistensian material dengan laporan accompanying financial statements or our
keuangan terlampir atau pemahaman yang kami knowledge obtained in the audit, or otherwise
peroleh selama audit, atau mengandung kesalahan appears to be materially misstated.
penyajian material.
Ketika kami membaca Laporan Tahunan, jika kami When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola dan actions based on the applicable laws and
melakukan tindakan yang tepat berdasarkan regulations.
peraturan perundang-undangan yang berlaku.
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the financial
laporan keuangan statements
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation
dan penyajian wajar laporan keuangan tersebut and fair presentation of financial statements in
sesuai dengan Standar Akuntansi Keuangan di accordance with Indonesian Financial Accounting
Indonesia, dan atas pengendalian internal yang Standards, and for such internal control as
dianggap perlu oleh manajemen untuk management determines is necessary to enable
memungkinkan penyusunan laporan keuangan the preparation of financial statements that are
yang bebas dari kesalahan penyajian material, baik free from material misstatement, whether due to
yang disebabkan oleh kecurangan maupun fraud or error.
kesalahan.
vi
Page 331
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/I/2025 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the financial
laporan keuangan (lanjutan) statements (continued)
Dalam penyusunan laporan keuangan , manajemen In preparing the financial statements,
bertanggung jawab untuk menilai kemampuan management is responsible for assessing the
Perusahaan dalam mempertahankan Company’s ability to continue as a going concern,
kelangsungan usahanya, mengungkapkan, sesuai disclosing, as applicable, matters related to going
dengan kondisinya, hal-hal yang berkaitan dengan concern, and using the going concern basis of
kelangsungan usaha, dan menggunakan basis accounting, unless management either intends to
akuntansi kelangsungan usaha, kecuali manajemen liquidate the Company or to cease its operations,
memiliki intensi untuk melikuidasi Perusahaan atau or has no realistic alternative but to do so.
menghentikan operasinya atau tidak memiliki
alternatif yang realistis selain melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses for overseeing the Company’s financial reporting
pelaporan keuangan Perusahaan. process.
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan financial statements
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable
memadai tentang apakah laporan keuangan secara assurance about whether the financial
keseluruhan bebas dari kesalahan penyajian statements taken as a whole are free from
material, baik yang disebabkan oleh kecurangan material misstatement, whether due to fraud or
maupun kesalahan, dan untuk menerbitkan error, and to issue an independent auditor’s
laporan auditor independen yang mencakup opini report that includes our opinion. Reasonable
kami. Keyakinan memadai merupakan suatu assurance is a high level of assurance, but is not
tingkat keyakinan tinggi, namun bukan merupakan a guarantee that an audit conducted in
suatu jaminan bahwa audit yang dilaksanakan accordance with Standards on Auditing
berdasarkan Standar Audit yang ditetapkan oleh established by the IICPA will always detect a
IAPI akan selalu mendeteksi kesalahan penyajian material misstatement when it exists.
material ketika hal tersebut ada. Kesalahan Misstatements can arise from fraud or error and
penyajian dapat disebabkan oleh kecurangan are considered material if, individually or in the
maupun kesalahan dan dianggap material jika, baik aggregate, they could reasonably be expected to
secara individual maupun agregat, dapat influence the economic decisions of users taken
diekspektasikan secara wajar akan memengaruhi on the basis of these financial statements.
keputusan ekonomi yang diambil oleh pengguna
berdasarkan laporan keuangan tersebut.
vii
Page 332
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/I/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan, misstatement of the financial statements,
baik yang disebabkan oleh kecurangan maupun whether due to fraud or error, design and
kesalahan, mendesain dan melaksanakan perform audit procedures responsive to such
prosedur audit yang responsif terhadap risiko risks, and obtain audit evidence that is
tersebut, serta memeroleh bukti audit yang sufficient and appropriate to provide a basis
cukup dan tepat untuk menyediakan basis bagi for our opinion. The risk of not detecting a
opini kami. Risiko tidak terdeteksinya suatu material misstatement resulting from fraud is
kesalahan penyajian material yang disebabkan higher than for one resulting from error, as
oleh kecurangan lebih tinggi dari yang fraud may involve collusion, forgery,
disebabkan oleh kesalahan, karena kecurangan intentional omissions, misrepresentations, or
dapat melibatkan kolusi, pemalsuan, override of internal control.
penghilangan secara sengaja, pernyataan
salah, atau pengabaian atas pengendalian
internal.
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness of
keefektivitasan pengendalian internal the Company’s internal control.
Perusahaan.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
viii
Page 333
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.1032/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/I/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit yang of accounting and, based on the audit
diperoleh, apakah terdapat suatu evidence obtained, whether a material
ketidakpastian material yang terkait dengan uncertainty exists related to events or
peristiwa atau kondisi yang dapat conditions that may cast significant doubt on
menyebabkan keraguan signifikan atas the Company's ability to continue as a going
kemampuan Perusahaan untuk concern. If we conclude that a material
mempertahankan kelangsungan usahanya. uncertainty exists, we are required to draw
Ketika kami menyimpulkan bahwa terdapat attention in our independent auditor’s report
suatu ketidakpastian material, kami diharuskan to the related disclosures in the financial
untuk menarik perhatian dalam laporan auditor statements or, if such disclosures are
independen kami ke pengungkapan terkait inadequate, to modify our opinion. Our
dalam laporan keuangan atau, jika conclusion is based on the audit evidence
pengungkapan tersebut tidak memadai, obtained up to the date of our independent
memodifikasi opini kami. Kesimpulan kami auditor’s report. However, future events or
didasarkan pada bukti audit yang diperoleh conditions may cause the Company to cease
hingga tanggal laporan auditor independen to continue as a going concern.
kami. Namun, peristiwa atau kondisi masa
depan dapat menyebabkan Perusahaan tidak
dapat mempertahankan kelangsungan
usahanya.
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan secara keseluruhan, and content of the financial statements,
termasuk pengungkapannya, dan apakah including the disclosures, and whether the
laporan keuangan mencerminkan transaksi dan financial statements represent the underlying
peristiwa yang mendasarinya dengan suatu transactions and events in a manner that
cara yang mencapai penyajian wajar. achieves fair presentation.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and
direncanakan atas audit serta temuan audit significant audit findings, including any
signifikan, termasuk setiap defisiensi signifikan significant deficiencies in internal control that we
dalam pengendalian internal yang teridentifikasi identify during our audit.
oleh kami selama audit.
ix
Page 334
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor's Report (continued)
Laporan No. 00025/2.1032/AU.1/07/0703- Report No. 00025/2.103Z/AU.1/07/0703-
1/1/I/2025 (lanjutan) 1/1/1/2025 (continued)
Tanggung ~awab auditor terhadap audit atas Auditor's responsibilities for the audit of fhe
laporan keuangan (lanjutan) financial statements (continued)
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika yang relevant ethical requirements regarding
relevan mengenai independensi, dan independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh relationships and other matters that may
hubungan, Berta hal-hal lain yang dianggap secara reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami, independence, and where applicable, related
dan, jika relevan, pengamanan terkait. safeguards.
Dari hal-hal yang dikomunikasikan kepada pihak From the matters communicated with those
yang bertanggung jawab atas tata kelola, kami charged with governance, we determine those
menentukan hal-hal tersebut yang paling signifikan matters that were of most significance in the
dalam audit atas laporan keuangan periode kini audit of the financial statements of the current
dan oleh karenanya menjadi hal audit utama. Kami period and are therefore the key audit matters.
menguraikan hal audit utama tersebut tlalam We describe such key audit matters in our
laporan auditor independen kami kecuali peraturan independent auditor's report unless laws or
perundang-undangan melarang pengungkapan regulations preclude public disclosure about such
publik tentang hal audit utama tersebut atau key audit matters or when, in extremely rare
ketika, dalam kondisi yang sangat jarang terjadi, circumstances, we determine that a key audit
kami menentukan bahwa suatu hal audit utama matter should not be communicated in our
tidak boleh dikomunikasikan dalam laporan auditor independent auditor's report because the
independen kami karena konsekuensi yang adverse consequences of doing so would
merugikan dari mengomunikasikan hal tersebut reasonably be expected to outweigh the public
akan diekspektasikan secara wajar melebihi interest benefits of such communication.
manfaat kepentingan publik atas komunikasi
tersebut.
KAP Purwantono, Sungkoro & Surja
Yasir
Registrasi Akuntan Publik No. AP.0703/Public Accountant Registration No. AP.0703
24 Januari 2025/January 24, 2025
Page 335
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Tanggal 31 Desember 2024 As of 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/ 31 Desember/ 31 Desember/
Notes December 2024 December 2023
ASET ASSETS
2c,2f
Kas dan setara kas 4,27 Cash and cash equivalents
Kas 7.999 18.194 Cash on hand
Kas pada bank Cash in banks
Pihak ketiga 1.209 1.495 Third parties
Pihak berelasi 2s,4,26a 1.282.952 832.451 Related parties
1.292.160 852.140
2c,2d,2g,5,
Piutang pembiayaan konsumen 27,28,29 Consumer financing receivables
Pihak ketiga 27.154.596 22.698.175 Third parties
Pihak berelasi 2s,5,26a 41.346 11.542 Related parties
27.195.942 22.709.717
Dikurangi: cadangan kerugian Less: allowance for
penurunan nilai 2j,5 (476.763) (347.894) impairment losses
26.719.179 22.361.823
2c,2d,2h,6,
Piutang sewa pembiayaan 27,28,29 Finance lease receivables
Pihak ketiga 5.495.587 5.416.865 Third parties
Dikurangi: cadangan kerugian Less: allowance for
penurunan nilai 2j,6 (100.429) (69.293) impairment losses
5.395.158 5.347.572
2c,2d,2i,7,
Anjak piutang 27,28 Factoring receivables
Pihak ketiga 34.748 35.758 Third parties
Dikurangi: cadangan kerugian Less: allowance for
penurunan nilai 2j,7 (15.310) (436) impairment losses
19.438 35.322
Piutang lain-lain 2c,8,27 Other receivables
Pihak ketiga 164.173 119.669 Third parties
Pihak berelasi 2s,8,26a 369.541 547.483 Related parties
533.714 667.152
Dikurangi: cadangan kerugian Less: allowance for
penurunan nilai 2j,8 (33.431) (44.298) impairment losses
500.283 622.854
Aset pajak tangguhan 2m,9c 84.726 100.789 Deferred tax assets
Piutang derivatif 2c,2t,16,27,28 45.008 28.933 Derivative receivables
Aset tetap Fixed assets
(setelah dikurangi akumulasi (net of accumulated
penyusutan masing-masing depreciation of Rp478,198, and
sebesar Rp478.198 dan Rp410.060 Rp410,060 as of
pada tanggal 31 Desember 2024 31 December 2024 and
dan 2023) 2l,10 278.475 283.625 2023, respectively)
2c,2k,11,
Aset lain-lain 27,28 Other assets
Pihak ketiga 90.202 93.432 Third parties
Pihak berelasi 25,11,26a 826 902 Related parties
TOTAL ASET 34.425.455 29.727.392 TOTAL ASSETS
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements
bagian yang tidak terpisahkan dari laporan keuangan form an integral part of these financial statements
secara keseluruhan. taken as a whole.
1
Page 336
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/ 31 Desember/ 31 Desember/
Notes December 2024 December 2023
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Utang usaha 2c,12,27,29 604.208 1.017.137 Trade payables
Utang lain-lain 2c,13,27 Other payables
Pihak ketiga 160.830 190.916 Third parties
Pihak berelasi 2s,13,26b 51.626 56.805 Related parties
Utang pajak kini 2m,9a 112.491 112.000 Current tax liabilities
Utang derivatif 2c,2t,16,27,28 12.654 - Derivative payables
Beban yang masih harus dibayar 2c,14,27 Accrued expenses
Pihak ketiga 238.398 257.626 Third parties
Pihak berelasi 2s,14,26b 9.543 4.472 Related parties
Pinjaman yang diterima 2c,2d,2e,15,27,28 Borrowings
Pihak ketiga 15.677.665 15.242.400 Third parties
Pihak berelasi 2s,15,26b 5.835.461 2.891.252 Related parties
21.513.126 18.133.652
Biaya provisi yang belum
diamortisasi 15 (36.930) (36.937) Unamortized provision cost
21.476.196 18.096.715
2c,2d,2r,
Surat berharga yang diterbitkan 17,27,28 Securities issued
Pihak ketiga 6.050.795 5.252.750 Third parties
Pihak berelasi 2s,26b 644.000 443.000 Related parties
6.694.795 5.695.750
Beban emisi yang belum
diamortisasi 17 (12.870) (8.235) Unamortized issuance cost
6.681.925 5.687.515
Liabilitas imbalan kerja karyawan 2n,18 213.162 274.546 Employee benefits obligation
TOTAL LIABILITAS 29.561.033 25.697.732 TOTAL LIABILITIES
EKUITAS EQUITY
Modal saham Share capital
Authorized capital -
Modal dasar - 10.000.000.000 10,000,000,000 ordinary
lembar saham biasa dengan shares with a par value
nilai nominal Rp100 (nilai penuh) of Rp100 (full amount)
per saham per share
Modal ditempatkan dan disetor Issued and fully paid up
penuh - 2.500.000.000 lembar capital - 2,500,000,000
saham 2o,19 250.000 250.000 ordinary shares
Penghasilan komprehensif lain: Other comprehensive income:
Pengukuran kembali
atas liabilitas imbalan Remeasurement of
kerja karyawan - neto 2n,18 (7.155) (38.390) employee benefits obligation - net
(Kerugian) keuntungan kumulatif
atas instrumen derivatif untuk Cumulative (loss) gain on derivative
lindung nilai arus kas - neto 2t,16 (17.423) 2.802 instrument for cash flow hedges - net
Saldo laba Retained earnings
Sudah ditentukan penggunaannya 20 50.000 50.000 Appropriated
Belum ditentukan penggunaannya 4.589.000 3.765.248 Unappropriated
TOTAL EKUITAS 4.864.422 4.029.660 TOTAL EQUITY
TOTAL LIABILITAS DAN EKUITAS 34.425.455 29.727.392 TOTAL LIABILITIES AND EQUITY
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements
bagian yang tidak terpisahkan dari laporan keuangan form an integral part of these financial statements
secara keseluruhan. taken as a whole.
2
Page 337
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada tanggal 31 Desember/
Year ended 31 December
Catatan/
Notes 2024 2023
PENDAPATAN REVENUE
Pembiayaan konsumen 21a,26c 3.453.490 3.000.350 Consumer financing
Sewa pembiayaan 21b 678.704 652.751 Financial lease
Anjak piutang 21c 438 909 Factoring
Simpanan bank 21d,26c 17.473 17.134 Deposit in bank
Lain-lain - neto 21e,26c 1.429.210 1.110.824 Others - net
Total pendapatan 5.579.315 4.781.968 Total revenue
BEBAN EXPENSES
Beban keuangan 2r,2s,22,26d (1.913.946) (1.510.165) Financial charges
Gaji dan tunjangan 2s,23,26d (775.231) (802.194) Salaries and benefits
Umum dan administrasi 24,26d (413.178) (349.836) General and administration
Penyisihan kerugian
penurunan nilai: Provision for impairment losses:
Pembiayaan konsumen 2c,2g,5 (885.498) (726.080) Consumer financing
Sewa pembiayaan 2c,2h,6 (83.288) (7.651) Financial leases
Anjak piutang 2c,2i,7 (14.874) 9.057 Factoring
Piutang lain-lain 2c,8 10.867 96.127 Other receivables
Total beban (4.075.148) (3.290.742) Total expenses
LABA SEBELUM BEBAN 1.504.167 1.491.226 INCOME BEFORE
PAJAK FINAL DAN FINAL TAX AND
PAJAK PENGHASILAN INCOME TAX EXPENSE
BEBAN PAJAK FINAL 2m (3.495) (3.427) FINAL TAX EXPENSE
LABA SEBELUM BEBAN 1.500.672 1.487.799 INCOME BEFORE
PAJAK PENGHASILAN INCOME TAX EXPENSE
BEBAN PAJAK PENGHASILAN 2m,9b (328.590) (326.698) INCOME TAX EXPENSE
LABA TAHUN BERJALAN 1.172.082 1.161.101 INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE
LAIN INCOME
Pos yang tidak akan Item that will not be
direklasifikasi ke laba rugi: reclassified to profit or loss:
Pengukuran kembali
atas liabilitas imbalan kerja Remeasurement of employee
karyawan 2n, 18 40.044 (10.502) benefit obligation
Pajak penghasilan terkait (8.809) 2.310 Income tax effect
31.235 (8.192)
Pos yang akan Item that will be
direklasifikasi ke laba rugi: reclassified to profit or loss:
Bagian efektif dari (kerugian) keuntungan Effective portion of (loss)
instrumen lindung nilai dalam gain on hedging instruments
rangka lindung nilai arus kas 2t,16 (25.929) 11.525 in a cash flow hedge
Pajak penghasilan terkait 5.704 (2.535) Income tax effect
(20.225) 8.990
Laba penghasilan komprehensif lain- Other comprehensive income
setelah pajak 11.010 798 net of tax
TOTAL PENGHASILAN
KOMPREHENSIF TOTAL COMPREHENSIVE
TAHUN BERJALAN 1.183.092 1.161.899 INCOME FOR THE YEAR
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
(Nilai penuh) 2q,25 469 464 (Full amount)
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements
bagian yang tidak terpisahkan dari laporan keuangan form an integral part of these financial statements
secara keseluruhan. taken as a whole.
3
Page 338
The original financial statements included herein are in the Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Keuntungan(kerugian)
kumulatif
atas instrumen
derivatif untuk
lindung nilai
arus kas - neto/
Pengukuran kembali Cumulative
atas liabilitas imbalan gain(loss) Saldo laba Saldo laba
kerja karyawan - neto/ on derivative sudah ditentukan belum ditentukan
Remeasurement of instrument for penggunaannya/ penggunaannya/
Catatan/ Modal saham/ employee benefits cash flow Appropriated Unappropriated Ekuitas/
Notes Share capital obligation - net hedges - net retained earnings retained earnings Equity
Saldo 31 Desember 2022 250.000 (30.198 ) (6.188) 50.000 2.829.211 3.092.825 Balance 31 December 2022
Pengukuran kembali atas liabilitas Remeasurement of employee
imbalan kerja karyawan - setelah pajak - (8.192 ) - - - (8.192) benefit obligation - net of tax
Keuntungan bersih Net gain
atas instrumen derivatif untuk on derivative instrument
lindung nilai arus kas - - 8.990 - - 8.990 for cash flow hedging
Laba tahun berjalan 2023 - - - - 1.161.101 1.161.101 Income for the year 2023
Dividen yang dibayarkan 20 - - - - (225.064) (225.064) Dividends paid
Saldo 31 Desember 2023 250.000 (38.390 ) 2.802 50.000 3.765.248 4.029.660 Balance 31 December 2023
Pengukuran kembali atas liabilitas Remeasurement of employee
imbalan kerja karyawan - setelah pajak - 31.235 - - - 31.235 benefit obligation - net of tax
Kerugian bersih Net loss
atas instrumen derivatif untuk on derivative instrument
lindung nilai arus kas - - (20.225) - - (20.225) for cash flow hedging
Laba tahun berjalan 2024 - - - - 1.172.082 1.172.082 Income for the year 2024
Dividen yang dibayarkan 20 - - - - (348.330) (348.330) Dividends paid
Saldo 31 Desember 2024 250.000 (7.155 ) (17.423) 50.000 4.589.000 4.864.422 Balance 31 December 2024
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes to the financial statements form an integral part of these
laporan keuangan secara keseluruhan. financial statements taken as a whole.
4
Page 339
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada tanggal 31 Desember/
Year ended 31 December
Catatan/
Notes 2024 2023
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS OPERASI OPERATING ACTIVITIES
Penerimaan kas dari konsumen: Cash receipts from customers:
Pembiayaan konsumen 27.896.386 24.738.302 Consumer financing
Sewa pembiayaan 4.193.421 4.099.252 Finance lease
Anjak piutang 1.445 7.000 Factoring
Pembiayaan bersama 12.611.438 12.782.010 Joint financing
Pendapatan bunga Interest income from
simpanan bank 13.978 13.688 deposit in bank
Pendapatan penalti 21e 202.567 148.794 Late payment penalties
Penerimaan dari piutang Recovery from
yang telah dihapusbukukan 21e 182.787 161.497 written-off receivables
Premi asuransi 1.791.375 1.651.382 Insurance premiums
Pengeluaran kas untuk: Cash disbursements for:
Pembayaran fasilitas Repayments of joint
pembiayaan bersama (9.484.182) (10.632.638) financing facilities
Pembayaran kepada
penyalur kendaraan (36.306.565) (33.458.424) Payments to car dealers
Pembayaran beban keuangan (1.902.137) (1.492.506) Payments for finance charges
Pembayaran pajak penghasilan (315.141) (324.758) Payments for income tax
Pembayaran gaji dan Payments for
tunjangan (862.249) (772.663) salaries and allowances
Pembayaran beban Payments for general and
umum dan administrasi (303.074) (340.005) administrative expenses
Pembayaran kepada perusahaan Payments to insurance
asuransi (1.163.292) (1.001.429) companies
Kas neto yang digunakan untuk Net cash used in
untuk aktivitas operasi (3.443.243) (4.420.498) operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Perolehan aset tetap 10 (54.028) (86.892) Acquisition of fixed assets
Perolehan aset hak guna (12.126) (32.191) Acquisition of right-of-use assets
Penjualan aset tetap 10 310 129 Sales of fixed assets
Kas neto yang digunakan Net cash used in
untuk aktivitas investasi (65.844) (118.954) investing activities
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements
bagian yang tidak terpisahkan dari laporan keuangan form an integral part of these financial statements
secara keseluruhan. taken as a whole.
5
Page 340
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
LAPORAN ARUS KAS (lanjutan) STATEMENT OF CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 31 December 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir
pada tanggal 31 Desember/
Year ended 31 December
Catatan/
Notes 2024 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penerimaan pinjaman 32 26.309.467 17.276.376 Proceeds from borrowings
Penerimaan surat berharga
yang diterbitkan 32 2.772.195 1.822.845 Proceeds from securities issued
Pembayaran pinjaman 32 (22.984.649) (13.829.050) Repayment of borrowings
Pembayaran surat berharga Repayment of
yang diterbitkan 17,32 (1.773.150) (472.000) securities issued
Pembayaran beban emisi Repayment of securities
surat berharga 17 (8.764) (6.283) issuance costs
Pembayaran dividen kas 20 (348.330) (225.064) Payment of cash dividends
Pembayaran utang sewa 32 (17.662) (15.668) Payment of lease liabilities
Kas neto yang diperoleh dari Net cash provided by
aktivitas pendanaan 3.949.107 4.551.156 financing activities
Kenaikan neto Net increase in
kas dan setara kas 440.020 11.704 cash and cash equivalents
Kas dan setara kas pada Cash and cash equivalents
awal tahun 4 852.140 840.436 at beginning of year
Kas dan setara kas pada Cash and cash equivalents
akhir tahun 4 1.292.160 852.140 at end of year
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements
bagian yang tidak terpisahkan dari laporan keuangan form an integral part of these financial statements
secara keseluruhan. taken as a whole.
6
Page 341
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM 1. GENERAL INFORMATION
PT Mandiri Tunas Finance (“Perseroan”) didirikan PT Mandiri Tunas Finance (the “Company”) was
dengan nama PT Tunas Financindo Corporation incorporated with the name of PT Tunas Financindo
pada tanggal 17 Mei 1989 berdasarkan Akta Notaris Corporation on 17 May 1989 based on Notarial
Misahardi Wilamarta, S.H., Notaris di Jakarta, Deed of Misahardi Wilamarta, S.H., Notary in
No. 262. Akta pendirian ini disahkan oleh Menteri Jakarta, No. 262. The Company’s Articles of
Kehakiman dalam Surat Keputusan No. C2- Association was approved by the Ministry of Justice
4868.HT.01.01.TH’89 tanggal 1 Juni 1989 serta in its Decision Letter No. C2-4868.HT.01.01.TH’89
diumumkan dalam Lembaran Berita Negara Republik dated 1 June 1989 and were published in the State
Indonesia No. 57, Tambahan No. 1369 tanggal Gazette of the Republic of Indonesia No. 57,
18 Juli 1989. Pada tanggal 18 Agustus 2000, Supplement No. 1369 dated 18 July 1989. On
Perseroan melakukan perubahan nama menjadi 18 August 2000, the Company changed its name to
PT Tunas Financindo Sarana berdasarkan Akta PT Tunas Financindo Sarana based on Notarial
Notaris Adam Kasdarmadji S.H., M.H., Notaris di Deed of Adam Kasdarmadji S.H., M.H., Notary in
Jakarta No. 49. Akta perubahan ini disetujui oleh Jakarta No. 49. This deed was approved by the
Menteri Hukum dan Perundang-Undangan melalui Minister of Law and Regulation in its Decision Letter
Surat Keputusan No. C-21195HT.01.04.TH2000 No. C-21195HT.01.04.TH2000 dated
tanggal 22 September 2000. Pada tanggal 22 September 2000. On 30 November 2007, the
30 November 2007, Perseroan melakukan Company complied its Articles of Association to The
penyesuaian Anggaran Dasar terhadap Undang- Law No. 40 of 2007 concerning Limited Liability
Undang Nomor 40 Tahun 2007 tentang Perseroan Company based on Notarial Deed No. 94 of
Terbatas berdasarkan Akta Notaris No. 94, Herawati, Herawati, S.H., Notary in Jakarta. This deed was
S.H., Notaris di Jakarta. Akta tersebut approved by Minister of Law And Human Rights in
telah disetujui oleh Menteri Hukum dan its Decision Letter No.AHU-06708.AH.01.02.Tahun
Hak Asasi Manusia dalam Surat Keputusan 2008 dated 12 February 2008.
No. AHU-06708.AH.01.02.Tahun 2008 tanggal
12 Februari 2008.
Pada tanggal 26 Juni 2009, Perseroan mengubah On 26 June 2009, the Company changed its name
nama Perseroan menjadi PT Mandiri Tunas Finance to PT Mandiri Tunas Finance based on the
berdasarkan perubahan Anggaran Dasar sesuai amendment of the Articles of Association by the
dengan Akta Notaris No. 181 Dr. Irawan Soerodjo, Notarial Deed No. 181 of Dr. Irawan Soerodjo,
S.H.,Msi., Notaris di Jakarta. Anggaran Dasar S.H.,Msi., Notary in Jakarta. The Articles of
Perseroan telah mengalami beberapa kali Association has been amended from time to time,
perubahan, perubahan terakhir dengan Akta, where in the latest amendment by Deed No. 160
No. 160 tanggal 29 September 2023 yang dibuat dated 29 September 2023 made before
dihadapan Muhammad Kholid Artha, S.H., Notaris di Muhammad Kholid Artha, S.H., Notary in Jakarta.
Jakarta, yang telah memperoleh persetujuan dari has obtained approval from the Minister of Law and
Menteri Hukum dan Hak Asasi Manusia Republik Human Rights of the Republic of Indonesia as
Indonesia sebagaimana ternyata dalam Surat stated in Decree No. AHU-0060383.AH.01.02.
Keputusan No. AHU-0060383.AH.01.02.TAHUN TAHUN 2023 dated 5 October 2023.
2023 tanggal 5 Oktober 2023.
Sesuai dengan Pasal 3 Anggaran Dasar Perseroan, Based on Article 3 of the Company’s Articles of
ruang lingkup kegiatan Perseroan adalah bergerak Association, the scope of activities of the Company
dalam bidang pembiayaan, yang meliputi: comprises of finance activities under:
a. Pembiayaan Investasi a. Investment financing
b. Pembiayaan Modal Kerja b. Working capital financing
c. Pembiayaan Multiguna c. Multi purposes financing
d. Kegiatan usaha pembiayaan lain berdasarkan d. Other financing activities based on the
persetujuan Otoritas Jasa Keuangan approval of Financial Services Authority.
e. Sewa operasi (operating lease) dan/atau e. Operating lease and/or fee based activities as
kegiatan berbasis imbal jasa sepanjang tidak long as not contradictory with the regulation in
bertentangan dengan peraturan perundang- financial services sector.
undangan di sektor jasa keuangan
7
Page 342
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
Kegiatan komersial Perseroan dimulai pada tahun The Company commenced commercial activities in
1989. Perseroan memperoleh ijin usaha sebagai 1989. The Company obtained a business license to
Perseroan pembiayaan dalam bidang sewa guna operate in leasing, factoring and consumer
usaha, anjak piutang dan pembiayaan konsumen dari financing from the Ministry of Finance in its
Menteri Keuangan berdasarkan Surat Keputusan Decision Letter No. 1021/KMK.013/1989 dated
No. 1021/KMK.013/1989 tanggal 7 September 1989, 7 September 1989, as amended by the Decision
sebagaimana diubah dengan Surat Keputusan Letter No. 54/KMK.013/1992 dated 15 January
No. 54/KMK.013/1992 tanggal 15 Januari 1992 dan 1992 and No. 19/KMK.017/2001 dated 19 January
No. 19/KMK.017/2001 tanggal 19 Januari 2001. 2001. The latest amendment was by the Ministry of
Amandemen terakhir diubah dengan Surat Finance Decision Letter No. KEP-352/KM.10/2009
Keputusan Menteri Keuangan dated 29 September 2009. Currently, the Company
No. KEP-352/KM.10/2009 tanggal 29 September is engaged in investing, working capital,
2009. Saat ini, Perseroan bergerak dalam kegiatan multipurpose, factoring and other financing
usaha pembiayaan investasi, modal kerja, multiguna, activities based on the approval of Financial
anjak piutang dan kegiatan usaha lain berdasarkan Services Authority.
persetujuan Otoritas Jasa Keuangan.
Perseroan berdomisili di Jakarta Pusat dan The Company is domiciled in Central Jakarta and
mempunyai 125 kantor cabang dan 10 kantor selain has 125 branches and 10 other branches that are
kantor cabang yang berlokasi dibeberapa tempat di located through other parts of Indonesia.
Indonesia.
Pada tanggal 6 Februari 2009, PT Tunas Ridean Tbk. On 6 February 2009, PT Tunas Ridean Tbk. and
dan PT Tunas Mobilindo Parama mengalihkan PT Tunas Mobilindo Parama have transferred their
kepemilikan sahamnya di Perseroan sejumlah ownership in the Company amounting to
masing-masing 650.000.000 lembar saham dan 650,000,000 shares and 625,000,000 shares,
625.000.000 lembar saham atau sebesar 51% dari respectively, representing 51% of total issued and
total saham ditempatkan dan disetor penuh kepada fully paid-up shares, to PT Bank Mandiri (Persero)
PT Bank Mandiri (Persero) Tbk. dengan akta notaris Tbk. by the Notarial Deed No. 8 of Dr. A.
No. 8, Dr. A. Partomuan Pohan, S.H., LL.M., tanggal Partomuan Pohan, S.H., LL.M., dated 6 February
6 Februari 2009. 2009.
Perseroan menerbitkan dan mendaftarkan Obligasi The Company issued and registered the following
Mandiri Tunas Finance ke Bursa Efek Indonesia Mandiri Tunas Finance Bonds in the Indonesia
sebagai berikut: Stock Exchange:
Obligasi/Bonds Tanggal terbit/Issue date Nilai nominal/Nominal value
I 29 Mei/May 2003 500.000
II 22 Juni/June 2004 350.000
III 8 Juli/July 2005 350.000
IV 22 Februari/February 2007 600.000
V 20 Februari/February 2008 600.000
VI 6 Mei/May 2011 600.000
Berkelanjutan I tahap I/ Continuing Bonds I Phase I 5 Juni/June 2013 500.000
Berkelanjutan I tahap II/ Continuing Bonds I Phase II 23 Mei/May 2014 600.000
Berkelanjutan I tahap III/ Continuing Bonds I Phase III 9 Juni/June 2015 150.000
Berkelanjutan II tahap I/ Continuing Bonds II Phase I 18 Desember/December 2015 600.000
Berkelanjutan II tahap II/ Continuing Bonds II Phase II 1 Juni/June 2016 1.400.000
Berkelanjutan III tahap I/ Continuing Bonds III Phase I 7 Oktober/October 2016 500.000
Berkelanjutan III tahap II/ Continuing Bonds III Phase II 8 Mei/May 2017 850.000
Berkelanjutan IV tahap I/ Continuing Bonds IV Phase I 8 Januari/January 2019 1.000.000
Berkelanjutan IV tahap II/ Continuing Bonds IV Phase II 26 Juli/July 2019 2.000.000
Berkelanjutan V tahap I/ Continuing Bonds V Phase I 13 Agustus/August 2020 858.000
Berkelanjutan V tahap II/ Continuing Bonds V Phase II 20 Mei/May 2021 1.400.850
Berkelanjutan V tahap III/ Continuing Bonds V Phase III 23 Februari/February 2022 1.228.055
Berkelanjutan VI tahap I/ Continuing Bonds VI Phase I 27 Juni/June 2023 691.735
Berkelanjutan VI tahap II/Continuing Bonds VI Phase II 27 September/September 2023 1.131.110
Berkelanjutan VI tahap III/Continuing Bonds VI Phase III 28 Mei/May 2024 1.163.085
Berkelanjutan VI tahap IV/ Continuing Bonds VI Phase IV 19 November/November 2024 1.609.110
8
Page 343
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
Pada tanggal 8 Januari 2019, Perseroan telah On 8 January 2019, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan IV Tahap I Tahun 2019 (”Obligasi Bonds IV Phase I Year 2019 (“Continuing Bonds IV
Berkelanjutan IV Tahap I”) ke Bursa Efek Indonesia. Phase I”) in the Indonesia Stock Exchange. The
Penerbitan Obligasi Berkelanjutan IV Tahap I ini serta issuance of Continuing Bonds IV Phase I and
Penunjukan Wali Amanat dilakukan berdasarkan appointment of Trustee based on Trusteeship
Akta Perjanjian Perwaliamanatan Agreements No. 18 dated 9 October 2018 and
No. 18 tanggal 9 Oktober 2018 dan perubahan amendment to restatement of Trusteeship
pernyataan kembali Perjanjian Perwaliamanatan Agreements Continuing Bonds IV Phase I Year
Obligasi Berkelanjutan IV Mandiri Tunas Finance 2018 No.18 dated 19 November 2018 and then
Tahap I Tahun 2018 No.18 tanggal 19 November amendment I of Trusteeship Agreements
2018 serta perubahan I Perjanjian Penjaminan Continuing Bonds IV Phase I Year 2019 No.17
Perwaliamanatan Obligasi Berkelanjutan IV Mandiri dated 14 December 2018 were signed by the
Tunas Finance Tahap I Tahun 2019 No.17 tanggal Company and PT Bank Rakyat Indonesia (Persero)
14 Desember 2018 yang dibuat antara Perseroan Tbk, as the Trustee for the Continuing Bonds IV
dengan PT Bank Rakyat Indonesia (Persero) Tbk, Phase I.
yang bertindak selaku Wali Amanat pemegang
Obligasi Berkelanjutan IV Tahap I.
Pada tanggal 26 Juli 2019, Perseroan telah On 26 July 2019, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan IV Tahap II Tahun 2019 (”Obligasi Bonds IV Phase II Year 2019 (“Continuing Bonds
Berkelanjutan IV Tahap II”) ke Bursa Efek Indonesia. IV Phase II”) in the Indonesia Stock Exchange. The
Penerbitan Obligasi Berkelanjutan IV Tahap II ini issuance of Continuing Bonds IV Phase II and
serta Penunjukan Wali Amanat dilakukan appointment of Trustee based on Trusteeship
berdasarkan Akta Perjanjian Perwaliamanatan Agreements No. 12 dated 8 July 2019 were signed
No. 12 tanggal 8 Juli 2019 yang dibuat antara by the Company and PT Bank Rakyat Indonesia
Perseroan dengan PT Bank Rakyat Indonesia (Persero) Tbk, as the Trustee for the Continuing
(Persero) Tbk, yang bertindak selaku Wali Amanat Bonds IV Phase II.
pemegang Obligasi Berkelanjutan IV Tahap II.
Pada tanggal 13 Agustus 2020, Perseroan telah On 13 August 2020, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan V Tahap I Tahun 2020 (”Obligasi Bonds V Phase I Year 2020 (“Continuing Bonds V
Berkelanjutan V Tahap I”) ke Bursa Efek Indonesia. Phase I”) in the Indonesia Stock Exchange. The
Penerbitan Obligasi Berkelanjutan V Tahap I ini serta issuance of Continuing Bonds V Phase I and
Penunjukan Wali Amanat dilakukan berdasarkan appointment of Trustee based on Trusteeship
Akta Perjanjian Perwaliamanatan No. 12 tanggal Agreements No. 12 dated 11 May 2020 were
11 Mei 2020 yang dibuat antara Perseroan dengan signed by the Company and PT Bank Rakyat
PT Bank Rakyat Indonesia (Persero) Tbk, yang Indonesia (Persero) Tbk, as the Trustee for the
bertindak selaku Wali Amanat pemegang Obligasi Continuing Bonds V Phase I.
Berkelanjutan V Tahap I.
Pada tanggal 20 Mei 2021, Perseroan telah On 20 May 2021, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan V Tahap II Tahun 2021 (”Obligasi Bonds V Phase II Year 2021 (“Continuing Bonds V
Berkelanjutan V Tahap II”) ke Bursa Efek Indonesia. Phase II”) in the Indonesia Stock Exchange. The
Penerbitan Obligasi Berkelanjutan V Tahap II ini serta issuance of Continuing Bonds V Phase II and
Penunjukan Wali Amanat dilakukan berdasarkan appointment of Trustee based on Trusteeship
Akta Perjanjian Perwaliamanatan No. 25 tanggal Agreements No. 25 dated 23 April 2021 were
23 April 2021 yang dibuat antara Perseroan dengan signed by the Company and PT Bank Rakyat
PT Bank Rakyat Indonesia (Persero) Tbk, yang Indonesia (Persero) Tbk, as the Trustee for the
bertindak selaku Wali Amanat pemegang Obligasi Continuing Bonds V Phase II.
Berkelanjutan V Tahap II.
9
Page 344
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
Pada tanggal 23 Februari 2022, Perseroan telah On 23 February 2022, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan V Tahap III Tahun 2022 (”Obligasi Bonds V Phase III Year 2022 (“Continuing Bonds
Berkelanjutan V Tahap III”) ke Bursa Efek Indonesia. V Phase III”) in the Indonesia Stock Exchange. The
Penerbitan Obligasi Berkelanjutan V Tahap III ini issuance of Continuing Bonds V Phase III and
serta Penunjukan Wali Amanat dilakukan appointment of Trustee based on Trusteeship
berdasarkan Akta Perjanjian Perwaliamanatan No. 1 Agreements No. 1 dated 2 February 2022 were
tanggal 2 Februari 2022 yang dibuat antara signed by the Company and PT Bank Rakyat
Perseroan dengan PT Bank Rakyat Indonesia Indonesia (Persero) Tbk, as the Trustee for the
(Persero) Tbk, yang bertindak selaku Wali Amanat Continuing Bonds V Phase III.
pemegang Obligasi Berkelanjutan V Tahap III.
Pada tanggal 27 Juni 2023, Perseroan telah On 27 June 2023, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan VI Tahap I Tahun 2023 (”Obligasi Bonds VI Phase I Year 2023 (“Continuing Bonds
Berkelanjutan VI Tahap I”) ke Bursa Efek Indonesia. VI Phase I”) in the Indonesia Stock Exchange. The
Penerbitan Obligasi Berkelanjutan VI Tahap I ini serta issuance of Continuing Bonds VI Phase I and
Penunjukan Wali Amanat dilakukan berdasarkan appointment of Trustee based on Trusteeship
Akta Perjanjian Perwaliamanatan No. 29 tanggal Agreements No. 29 dated 17 March 2023 were
17 Maret 2023 yang dibuat antara Perseroan dengan signed by the Company and PT Bank Rakyat
PT Bank Rakyat Indonesia (Persero) Tbk, yang Indonesia (Persero) Tbk, as the Trustee for the
bertindak selaku Wali Amanat pemegang Obligasi Continuing Bonds VI Phase I.
Berkelanjutan VI Tahap I.
Pada tanggal 27 September 2023, Perseroan telah On 27 September 2023, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan VI Tahap II Tahun 2023 (”Obligasi Bonds VI Phase II Year 2023 (“Continuing Bonds
Berkelanjutan VI Tahap II”) ke Bursa Efek Indonesia. VI Phase II”) in the Indonesia Stock Exchange. The
Penerbitan Obligasi Berkelanjutan VI Tahap II ini issuance of Continuing Bonds VI Phase II and
serta Penunjukan Wali Amanat dilakukan appointment of Trustee based on Trusteeship
berdasarkan Akta Perjanjian Perwaliamanatan No. 02 Agreements No. 02 dated 6 September 2023 were
tanggal 6 September 2023 yang dibuat antara signed by the Company and PT Bank Rakyat
Perseroan dengan PT Bank Rakyat Indonesia Indonesia (Persero) Tbk, as the Trustee for the
(Persero) Tbk, yang bertindak selaku Wali Amanat Continuing Bonds VI Phase II.
pemegang Obligasi Berkelanjutan VI Tahap II.
Pada tanggal 28 Mei 2024, Perseroan telah On 28 May 2024, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan VI tahap III tahun 2024 (”Obligasi Bonds VI Phase III Year 2024 (“Continuing Bonds
Berkelanjutan VI Tahap III”) ke Bursa Efek Indonesia. VI Phase III”) in the Indonesia Stock Exchange.
Penerbitan Obligasi Berkelanjutan VI Tahap III ini The issuance of Continuing Bonds VI Phase III and
serta Penunjukan Wali Amanat dilakukan appointment of Trustee based on Trusteeship
berdasarkan Akta Perjanjian Perwaliamanatan No. 17 Agreements No. 17 dated 3 May 2024 were
tanggal 3 Mei 2024 yang dibuat antara Perseroan signed by the Company and PT Bank Rakyat
dengan PT Bank Rakyat Indonesia (Persero) Tbk, Indonesia (Persero) Tbk, as the Trustee for the
yang bertindak selaku Wali Amanat pemegang Continuing Bonds VI Phase III.
Obligasi Berkelanjutan VI Tahap III.
Pada tanggal 19 November 2024, Perseroan telah On 19 November 2024, the Company issued and
menerbitkan dan mendaftarkan Obligasi registered Mandiri Tunas Finance Continuing
Berkelanjutan VI tahap IV tahun 2024 (”Obligasi Bonds VI Phase IV Year 2024 (“Continuing Bonds
Berkelanjutan VI Tahap IV”) ke Bursa Efek Indonesia. VI Phase IV”) in the Indonesia Stock Exchange.
Penerbitan Obligasi Berkelanjutan VI Tahap IV ini The issuance of Continuing Bonds VI Phase IV
serta Penunjukan Wali Amanat dilakukan and appointment of Trustee based on Trusteeship
berdasarkan Akta Perjanjian Perwaliamanatan No. 21 Agreements No. 21 dated 23 October 2024 were
tanggal 23 Oktober 2024 yang dibuat antara signed by the Company and PT Bank Rakyat
Perseroan dengan PT Bank Rakyat Indonesia Indonesia (Persero) Tbk, as the Trustee for the
(Persero) Tbk, yang bertindak selaku Wali Amanat Continuing Bonds VI Phase IV.
pemegang Obligasi Berkelanjutan VI Tahap IV.
10
Page 345
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
Perubahan susunan Direksi dan anggota Dewan The latest change in the composition of Directors
Komisaris yang terakhir dilakukan pada tanggal and the composition of the Board of Commissioner
5 November 2024, sebagaimana ternyata dalam Akta was conducted on 5 November 2024 as stated in
No. 16 yang dibuat oleh Afriana Ratu Marjarengga, the Notary Deed No. 16 of Afriana Ratu
Sarjana Hukum, Magister Hukum, Pengganti dari Marjarengga, Bachelor of Laws, Master of Laws,
Muhammad Kholid Artha, Sarjana Hukum, Notaris di Successor of Muhammad Kholid Artha, Bachelor of
Jakarta. Penerimaan pemberitahuan perubahan Laws, Notary in Jakarta. The notification receipt of
data Perseroannya telah diterima dan dicatat di the change in the corporate data has been received
dalam database sistem administrasi Badan Hukum di and recorded in the database administration
Kementrian Hukum dan Hak Asasi Manusia Republik system of legal entity in the Ministry of Laws and
Indonesia No. AHU-AH.01.09-0272069 tanggal Human Rights of the Republic of Indonesia No.
5 November 2024. AHU-AH.01.09-027206 dated 5 November 2024.
Susunan anggota Dewan Komisaris, Direksi, Komite The members of the Company’s Board of
Audit, Komite Pemantau Resiko, dan Komite Commissioners, Directors, Audit Committee, Risk
Nominasi dan Remunerasi Perseroan adalah Monitoring Committee, and Nomination and
sebagai berikut: Remuneration Committee are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Dewan Komisaris Board of Commissioners
Komisaris Utama Rico Adisurja Setiawan Rico Adisurja Setiawan President Commissioner
Komisaris Saptari b) Totok Priyambodo a) Commissioner
Komisaris Independen Fendy Eventius Mugni Fendy Eventius Mugni Independent Commissioner
Komisaris Independen Subarnac) - Independent Commissioner
Direksi Directors
Pinohadi Gautama Pinohadi Gautama
Direktur Utama Sumardi Sumardi President Director
Direktur R. Eryawan Nurhariadi R. Eryawan Nurhariadi Director
Direktur William Francis Indra William Francis Indra Director
Komite Audit Audit Committee
Ketua Fendy Eventius Mugni Fendy Eventius Mugni Chairman
Marlan Marthias Marlan Marthias
Anggota Achmad Achmad Member
Anggota Indra Riyawan Indra Riyawan Member
Komite Pemantau Resiko Risk Monitoring Committee
Ketua Fendy Eventius Mugni Fendy Eventius Mugni Chairman
Anggota Saptari b) Totok Priyambodo a) Member
Anggota Indra Riyawan Indra Riyawan Member
Anggota Irwan Tri Nugroho Irwan Tri Nugroho Member
Komite Nominasi dan Remunerasi Nomination and Remuneration Committee
Ketua Fendy Eventius Mugni Fendy Eventius Mugni Chairman
Anggota Saptari b) Totok Priyambodo a) Member
Makah Indra Makah Indra
Anggota Purnomo Purnomo Member
a) Pengunduran diri sebagai Komisaris telah diterima oleh para Pemegang a) The resignation as Commissioner has been accepted by the
Saham dalam Rapat Umum Pemegang Saham Luar Biasa yang termuat Shareholders at the Extraordinary General Meeting of Shareholders
didalam Akta Pernyataan Keputusan Rapat Umum Pemegang Saham contained in the Deed of Statement of Resolution of the Extraordinary
Luar Biasa dengan Nomor 48 tanggal 5 Juni 2024. General Meeting of Shareholders Number 48 dated 5 June 2024.
b) Telah diangkat oleh Para Pemegang Saham Perseroan berdasarkan b) Has been appointed by the Shareholders of the Company based on the
Pernyataan Keputusan Rapat Umum Pemegang Saham Tahunan Resolution of the Annual General Meeting of Shareholders of
PT Mandiri Tunas Finance No. 236 tanggal 28 Juni 2024 dan efektif PT Mandiri Tunas Finance No. 236 dated 28 June 2024 and effective on
tanggal 18 Oktober 2024 sesuai persetujuan dari OJK. 18 October 2024 as approved by OJK.
c) Telah diangkat oleh Para Pemegang Saham Perseroan berdasarkan c) Has been appointed by the Shareholders of the Company based on the
Pernyataan Keputusan Rapat Umum Pemegang Saham Luar Biasa Resolution of the Extraordinary General Meeting of Shareholders
PT Mandiri Tunas Finance No. 16 tanggal 5 November 2024. Penetapan PT Mandiri Tunas Finance No. 16 dated 5 November 2024. The
pengangkatan berlaku efektif setelah mendapatkan persetujuan Otoritas appointment is effective after obtaining approval from the Financial
Jasa Keuangan (OJK) atas penilaian kelayakan dan kepatutan (fit and Services Authority (OJK) for a fit and proper test.
proper test).
Pembentukan Komite Audit Perseroan telah sesuai The appointment of the Company’s Audit
dengan Peraturan Otoritas Jasa Keuangan Committee is in compliance with Financial Services
No. 55/POJK.04/2015 tanggal 23 Desember 2015. Authority Regulation No. 55/POJK.04/2015 dated
23 December 2015.
11
Page 346
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
Pembentukan Komite Pemantau Resiko Perseroan The appointment of the Company’s Risk Monitoring
telah sesuai dengan Peraturan Otoritas Jasa Committee is in compliance with Financial Services
Keuangan No. 10/POJK.05/2014 tanggal Authority Regulation No. 10/POJK.05/2014 dated
27 Agustus 2014 dan Peraturan Otoritas Jasa 27 August 2014 and Financial Services Authority
Keuangan No. 1/POJK.05/2015 tanggal 23 Maret Regulation No. 1/POJK.05/2015 dated 23 March
2015. 2015.
Pembentukan Komite Nominasi dan Remunerasi The appointment of the Company’s Nomination
Perseroan telah sesuai dengan Peraturan Otoritas and Ressmuneration Committee is in compliance
Jasa Keuangan No. 34/POJK.04/2014 tanggal with Financial Services Authority Regulation
8 Desember 2014. No. 34/POJK.04/2014 dated 8 December 2014.
Sekretaris Perusahaan Perseroan dan Kepala Divisi The Company’s Corporate Secretary and the Head
Audit Internal Perseroan adalah sebagai berikut: of Internal Audit Division are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Sekretaris Perusahaan Dadan Hamdhani Arif Reza Fahlepi Corporate Secretary
Kepala Divisi Audit Internal Bayu Mario Bayu Mario Head of Internal Audit Division
Pembentukan Sekretaris Perusahaan Perseroan The establishment of the Company’s Corporate
telah sesuai dengan Peraturan Otoritas Jasa Secretary is in compliance with Financial Services
Keuangan No. 35/POJK.04/2014 tanggal Authority Regulation No. 35/POJK.04/2014 dated
8 Desember 2014. 8 December 2014.
Pembentukan Divisi Audit Internal Perseroan telah The establishment of the Company’s Internal Audit
sesuai dengan Peraturan Otoritas Jasa Keuangan Division is in compliance with Financial Services
No. 56/POJK.04/2015 tanggal 23 Desember 2015. Authority Regulation No. 56/POJK.04/2015 dated
23 December 2015.
Pada tanggal 31 Desember 2024, Perseroan memiliki As of 31 December 2024, The Company has 3,384
3.384 karyawan (31 Desember 2023: 3.328 employees (31 December 2023: 3,328 employees)
karyawan) (tidak diaudit). (unaudited).
Entitas induk langsung dan entitas induk terakhir The direct and ultimate holding entity of the
Perseroan adalah PT Bank Mandiri (Persero) Tbk, Company is PT Bank Mandiri (Persero) Tbk, state-
Badan Usaha Milik Negara (BUMN) yang dimiliki oleh owned company, owned by the Government of the
Pemerintah Republik Indonesia. Republic of Indonesia.
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
INFORMATION
Kebijakan akuntansi yang material, yang diterapkan The material accounting policies, applied in the
dalam penyusunan laporan keuangan Perseroan preparation of the Company’s financial statements
adalah sebagai berikut: were as follows:
a. Pernyataan kepatuhan a. Statement of compliance
Laporan keuangan disusun dan disajikan sesuai The financial statements have been prepared
dengan Standar Akuntansi Keuangan di and presented in accordance with Indonesian
Indonesia, yang mencakup Pernyataan dan Financial Accounting Standards, which
Interpretasi yang dikeluarkan oleh Dewan include the Statements and Interpretations
Standar Akuntansi Keuangan Ikatan Akuntan issued by the Indonesian Accounting
Indonesia (DSAK-IAI) dan peraturan Bapepam- Standards Board (DSAK-IAI) and Indonesian
LK No. VIII.G.7 lampiran keputusan Ketua Capital Market Supervisory Agency (Bapepam-
Bapepam-LK No. KEP-347/BL/2012 tanggal LK) Regulation No. VIII.G.7 appendix of the
25 Juni 2012 tentang “Pedoman atas Penyajian Decision of the Chairman of Bapepam-LK
dan Pengungkapan Laporan Keuangan Emiten No. KEP-347/BL/2012 dated 25 June 2012
atau Perusahaan Publik”. regarding the “Guidelines on Financial
Statements Presentations and Disclosures for
Issuers or Public Companies”.
12
Page 347
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
b. Dasar penyusunan laporan keuangan b. Basis of preparation of the financial
statements
Laporan keuangan disusun berdasarkan konsep The financial statements have been prepared
akrual, kecuali laporan arus kas, dan on the accrual basis, except for the statement
menggunakan konsep biaya historis kecuali of cash flows, and using the historical cost
seperti yang disebutkan dalam catatan atas concept of accounting, except as disclosed in
laporan keuangan yang relevan. the relevant notes herein.
Laporan arus kas disusun menggunakan metode The statement of cash flows are prepared
langsung dan arus kas dikelompokkan atas based on direct method by classifying cash
dasar aktivitas operasi, investasi dan flows on the basis of operating, investing and
pendanaan. Untuk tujuan laporan arus kas, kas financing activities. For the purposes of the
dan setara kas mencakup kas, kas pada bank statement of cash flows, cash and cash
dan deposito berjangka dengan jangka waktu equivalents include cash on hand, cash in
jatuh tempo tiga bulan atau kurang, sepanjang banks and time deposits with original maturity
tidak digunakan sebagai jaminan atas pinjaman of three months or less, as long as they are not
atau dibatasi penggunaannya. being pledged as collateral for borrowings or
restricted.
Pos-pos dalam Penghasilan Komprehensif The items under Other Comprehensive Income
Lainnya disajikan terpisah antara akun - akun (OCI) are presented separately between items
yang akan direklasifikasikan ke laba rugi dan to be reclassified to profit or loss and those
akun - akun yang tidak akan direklasifikasikan ke items not to be reclassified to profit or loss.
laba rugi.
Dalam penyusunan laporan keuangan sesuai The preparation of financial statements in
dengan standar akuntansi keuangan Indonesia, conformity with Indonesian Financial
dibutuhkan estimasi dan asumsi yang Accounting Standards requires the use of
mempengaruhi: estimates and assumptions that affects:
- nilai aset dan liabilitas dilaporkan dan - the reported amounts of assets and
pengungkapan atas aset dan liabilitas liabilities and disclosure of contingent
kontinjensi pada tanggal laporan keuangan, assets and liabilities at the date of the
dan financial statements, and
- jumlah pendapatan dan beban selama - the reported amounts of revenues and
periode pelaporan. expenses during the reported period.
Walaupun estimasi ini dibuat berdasarkan Although these estimates are based on
pengetahuan terbaik manajemen atas kejadian management’s best knowledge of current
dan tindakan saat ini, hasil yang timbul mungkin events and activities, actual results may differ
berbeda dengan jumlah yang diestimasi semula. from those estimates.
Mata uang penyajian yang digunakan pada The presentation currency used in the
laporan keuangan adalah Rupiah, yang financial statements is Indonesian Rupiah,
merupakan mata uang fungsional. which is the functional currency of the
Company.
Seluruh angka dalam laporan keuangan ini, The amounts in the financial statements are
kecuali dinyatakan secara khusus, dibulatkan rounded to and stated in millions of Rupiah
menjadi dan disajikan dalam jutaan Rupiah unless otherwise stated.
kecuali dinyatakan lain.
13
Page 348
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan c. Financial assets and liabilities
Aset keuangan Financial assets
Perseroan menggunakan 2 (dua) dasar untuk The Company uses 2 (two) bases for
mengklasifikasikan aset keuangan yaitu classifying financial assets, namely evaluation
penilaian model bisnis dan penilaian mengenai of the business model and evaluation of
arus kas kontraktual yang diperoleh semata dari contractual cash flows obtained solely from
pembayaran pokok dan bunga. payment of principal and interest.
Penilaian model bisnis Valuation of the business model
Model bisnis ditentukan pada level yang The business model is determined at a level
mencerminkan bagaimana kelompok aset that reflects how groups of financial assets are
keuangan dikelola bersama-sama untuk managed together to achieve certain business
mencapai tujuan bisnis tertentu. objectives.
Penilaian model bisnis dilakukan dengan The evaluation of the business model is carried
mempertimbangkan, tetapi tidak terbatas pada, out by considering, but not limited to, the
hal-hal berikut: following:
Bagaimana kinerja dari model bisnis dan How the performance of the business
aset keuangan yang dimiliki dalam model model and financial assets held in the
bisnis dievaluasi dan dilaporkan kepada business model are evaluated and
personil manajemen kunci Perseroan; reported to the Company's key
management personnel;
Apakah risiko yang memengaruhi kinerja dari What risks affect the performance of the
model bisnis (termasuk aset keuangan yang business model (including financial
dimiliki dalam model bisnis) dan khususnya assets held in the business model) and
bagaimana cara aset keuangan tersebut specifically how the financial assets are
dikelola; dan managed; and
Bagaimana penilaian kinerja pengelola aset How to evaluate the performance of
keuangan (sebagai contoh, apakah penilaian managers of financial assets (for
kinerja berdasarkan nilai wajar dari aset yang example, whether performance
dikelola atau arus kas kontraktual yang appraisals are based on the fair value of
diperoleh); the assets being managed or the
contractual cash flows obtained);
Frekuensi, nilai, dan waktu penjualan yang Expected frequency, value, and timing of
diharapkan. sales.
Penilaian mengenai arus kas kontraktual yang Evaluation of contractual cash flows obtained
diperoleh semata dari pembayaran pokok dan solely from payment of principal and interest
bunga
Penilaian mengenai arus kas kontraktual yang An assessment of contractual cash flows
diperoleh semata dari pembayaran pokok dan obtained solely from principal and interest
bunga dilakukan dengan mempertimbangkan payments is made by considering contractual
persyaratan kontraktual, termasuk apakah aset terms, including whether financial assets
keuangan mengandung persyaratan kontraktual contain contractual terms that can change the
yang dapat mengubah waktu atau jumlah arus timing or amount of contractual cash flows. In
kas kontraktual. Dalam melakukan penilaian, assessing, the Company considers:
Perseroan mempertimbangkan:
Peristiwa kontinjensi yang akan mengubah Contingency events that will change the
waktu atau jumlah arus kas kontraktual; timing or amount of contractual cash flows;
Fitur leverage; Leverage feature;
Persyaratan pembayaran dimuka dan Terms of advance payment and
perpanjangan kontraktual; contractual extension;
Persyaratan mengenai klaim yang terbatas Requirements regarding limited claims for
atas arus kas yang berasal dari aset spesifik; cash flows from specific assets; and
dan
Fitur yang dapat mengubah nilai waktu dari Features that can change the time value of
elemen uang. the money element.
14
Page 349
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penilaian mengenai arus kas kontraktual yang Evaluation of contractual cash flows obtained
diperoleh semata dari pembayaran pokok dan solely from payment of principal and interest
bunga (lanjutan) (continued)
Perseroan mengklasifikasikan aset The Company classifies its financial assets
keuangannya berdasarkan kategori sebagai according to the following categories at initial
berikut pada saat pengakuan awal: recognition:
Aset keuangan yang diukur pada biaya Financial assets measured at amortized
perolehan diamortisasi; cost;
Aset keuangan yang diukur pada nilai wajar Financial assets measured at fair value
melalui penghasilan komprehensif lain; through other comprehensive income;
Aset keuangan yang diukur pada nilai wajar Financial assets measured at fair value
melalui laba rugi. through profit or loss.
Selama tahun berjalan dan pada tanggal laporan During the year and at the date of statement of
posisi keuangan, Perseroan hanya memiliki aset financial position, the Company only has
keuangan yang diukur pada biaya perolehan financial assets measured at amortized cost
diamortisasi serta derivatif lindung nilai sehingga and hedging derivatives. Therefore, the
kebijakan akuntansi selain klasifikasi aset accounting policies other than the
keuangan yang diukur pada biaya perolehan classifications of financial assets measured at
diamortisasi serta derivatif lindung nilai tidak amortized cost and hedging derivatives are not
diungkapkan. disclosed.
Aset keuangan yang diukur pada biaya Financial assets measured at amortized cost
perolehan diamortisasi
Aset keuangan diukur pada biaya perolehan Financial assets are measured at amortized
diamortisasi jika memenuhi kondisi: cost if they meet the following conditions:
aset keuangan dikelola dalam model bisnis financial assets are managed in a
yang bertujuan untuk memiliki aset business model that aims to have
keuangan dalam rangka mendapatkan arus financial assets in order to obtain
kas kontraktual; dan contractual cash flows; and
persyaratan kontraktual dari aset keuangan the contractual terms of the financial
tersebut memberikan hak pada tanggal asset provide rights on a certain date for
tertentu atas arus kas yang diperoleh semata cash flows obtained solely from payment
dari pembayaran pokok dan bunga (SPPI) of principal and interest (SPPI) on the
dari jumlah pokok terutang. principal amount owed.
Pada saat pengakuan awal, aset keuangan yang Financial assets carried at amortized cost are
diukur pada biaya perolehan diamortisasi diakui initially recognized at fair value plus
pada nilai wajarnya ditambah biaya transaksi transaction costs and administration income
dan pendapatan administrasi dan selanjutnya and subsequently measured at amortized cost
diukur pada biaya perolehan diamortisasi using the effective interest rate method.
dengan menggunakan suku bunga efektif.
Aset keuangan yang diukur pada biaya Financial assets carried at amortized cost
perolehan diamortisasi meliputi kas dan setara consist of cash and cash equivalents,
kas, piutang pembiayaan konsumen, piutang consumer financing receivables, finance lease
sewa pembiayaan, anjak piutang, piutang lain- receivables, factoring receivables, other
lain dan aset lain-lain (piutang karyawan, piutang receivables and other assets (employee
bunga, setoran dalam perjalanan dan uang receivables, interest receivables, deposit in
jaminan). transit and security deposit).
15
Page 350
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Aset keuangan yang diukur pada biaya Financial assets measured at amortized cost
perolehan diamortisasi (lanjutan) (continued)
Pendapatan dari aset keuangan yang diukur Income from financial assets measured at
pada biaya perolehan diamortisasi dicatat dalam amortized cost is included in the statement of
laporan laba rugi dan penghasilan komprehensif profit or loss and other comprehensive income
lain dan diakui sebagai “Pendapatan and is reported as “Consumer financing
pembiayaan konsumen”, ”Pendapatan sewa income”, “Finance lease income” and
pembiayaan” dan “Pendapatan anjak piutang”. “Factoring income”.
Dalam hal terjadi penurunan nilai, cadangan In the case of impairment, allowance for
kerugian penurunan nilai dilaporkan sebagai impairment losses is reported as a deduction
pengurang dari nilai tercatat dari aset keuangan from the carrying value of the financial assets
yang diukur pada biaya perolehan diamortisasi, measured at amortized cost and recognized in
dan diakui di dalam laporan laba rugi dan the statement of profit or loss and other
penghasilan komprehensif lain sebagai comprehensive income as “Provision for
“Penyisihan kerugian penurunan nilai”. impairment losses”.
Aset keuangan yang diukur pada nilai wajar Financial assets measured at fair value
melalui laba rugi through profit or loss
Aset keuangan yang diukur pada nilai wajar Financial assets measured at fair value
melalui laba rugi termasuk aset keuangan untuk through profit or loss include financial assets
diperdagangkan dan aset keuangan yang held for trading and financial assets
ditetapkan pada saat pengakuan awal untuk designated upon initial recognition at fair value
diukur pada nilai wajar melalui laba rugi. through profit or loss.
Aset derivatif diklasifikasikan sebagai kelompok Derivative assets are classified as held for
diperdagangkan kecuali mereka ditetapkan trading unless they are designated as effective
sebagai instrumen lindung nilai efektif. Aset hedging instruments. Financial assets at fair
keuangan yang diukur pada nilai wajar melalui value through profit or loss are carried in the
laba rugi disajikan dalam laporan posisi statement of financial position at fair value with
keuangan pada nilai wajar dengan keuntungan gains or losses recognized in the profit or loss.
atau kerugian dari perubahan nilai wajar diakui
dalam laba rugi.
Pengakuan Recognition
Perseroan menggunakan akuntansi tanggal The Company uses trade date accounting for
perdagangan untuk kontrak reguler ketika regular way contracts when recording financial
mencatat transaksi aset keuangan. assets transactions.
Penurunan nilai dari aset keuangan Impairment of financial assets
Pada setiap tanggal pelaporan, Perseroan At each reporting date, the Company
mengukur penyisihan kerugian penurunan nilai measures the Allowance of impairment losses
instrumen keuangan sejumlah kredit on financial instruments over their lifetime
ekspektasian sepanjang umurnya, jika risiko expectancy, if the credit risk of the financial
kredit atas instrumen keuangan tersebut telah instrument has increased significantly since
meningkat secara signifikan sejak pengakuan initial recognition.
awal.
16
Page 351
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penurunan nilai dari aset keuangan (lanjutan) Impairment of financial assets (continued)
Jika pada tanggal pelaporan, risiko kredit atas If at the reporting date, the credit risk of the
instrumen keuangan tidak meningkat secara financial instrument has not increased
signifikan sejak pengakuan awal, entitas significantly since initial recognition, the entity
mengukur penyisihan kerugian untuk instrumen measures the allowance of impairment losses
keuangan tersebut sejumlah kerugian for the financial instrument in the amount of the
ekspektasian 12 bulan. Kerugian dimaksud expected 12-month loss. The aforementioned
merepresentasikan kerugian kredit ekspektasian losses represent expected loan losses arising
yang timbul dari peristiwa gagal bayar instrumen from financial instrument defaults that may
keuangan yang mungkin terjadi dalam 12 bulan occur 12 months after the reporting date.
setelah tanggal pelaporan.
Selanjutnya, Perseroan mengelompokkan aset Furthermore, the Company classifies financial
keuangan berdasarkan hasil evaluasi tersebut assets based on the evaluation results which
yang mencerminkan tingkat risiko kredit aset reflects the level of the credit risk of financial
keuangan. assets.
a) Stage 1 a) Stage 1
Pada tanggal evaluasi penurunan nilai, risiko At the evaluation date for impairment, the
kredit atas instrumen keuangan tidak credit risk for financial instruments is not
meningkat secara signifikan sejak increased significantly since initial
pengakuan awal yang dapat dibuktikan recognition as evidenced by no overdue of
dengan tidak terdapat tunggakan lebih dari more than 30 days. For this reason, the
30 hari. Atas hal tersebut, Perseroan akan Company will measure the allowance for
mengukur penyisihan kerugian untuk losses for the financial instrument in the
instrumen keuangan tersebut sejumlah amount of 12-month expected credit
kerugian kredit ekspektasian 12 bulan. losses.
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss is part
adalah bagian dari kerugian kredit of the expected credit loss throughout its
ekspektasian sepanjang umurnya yang lifetime that represents an expected credit
merepresentasikan kerugian kredit loss arising from a default on financial
ekspektasian yang timbul dari peristiwa instruments that might occur 12 months
gagal bayar instrumen keuangan yang after reporting date.
mungkin terjadi dalam 12 bulan setelah
tanggal pelaporan.
b) Stage 2 b) Stage 2
Pada tanggal evaluasi penurunan nilai, risiko At the evaluation date of impairment, credit
kredit atas instrumen keuangan telah risk on financial instruments has increased
meningkat secara signifikan sejak significantly since initial recognition, which
pengakuan awal yang dapat dibuktikan can be proven by the overdue between
dengan terdapat tunggakan antara 31 hari 31 days and 90 days or there was a
sampai dengan 90 hari atau terjadi restructuring of financial assets that did not
restrukturisasi atas aset keuangan yang result in the recognition of assets
tidak menyebabkan pengakuan aset yang originating from deteriorating financial
berasal dari aset keuangan yang assets, where before restructuring the
memburuk, dimana sebelum restrukturisasi assets were at stage 1 or 2.
aset berada pada stage 1 atau 2.
17
Page 352
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penurunan nilai dari aset keuangan (lanjutan) Impairment of financial assets (continued)
Selanjutnya, Perseroan mengelompokkan aset Furthermore, the Company classifies financial
keuangan berdasarkan hasil evaluasi tersebut assets based on the evaluation results which
yang mencerminkan tingkat risiko kredit aset reflects the level of the credit risk of financial
keuangan. (lanjutan) assets. (continued)
b) Stage 2 (lanjutan) b) Stage 2 (continued)
Atas hal tersebut, Perseroan akan mengukur For this reason, the Company will measure
penyisihan kerugian untuk instrumen the allowance for losses for these financial
keuangan tersebut sejumlah kerugian kredit instruments at the amount of expected
ekspektasian sepanjang umurnya. credit losses over their lifetime.
c) Stage 3 c) Stage 3
Pada tanggal evaluasi penurunan nilai, At the evaluation date of impairment, there
terdapat bukti objektif bahwa instrumen is objective evidence that the financial
keuangan mengalami penurunan nilai yang instruments are impaired, which can be
dapat dibuktikan dengan terdapat tunggakan proven by being in overdue of more than
lebih dari 90 hari atau telah diserahkannya 90 days or motor vehicle collaterals owned
jaminan kendaraan milik konsumen untuk by customers have been submitted for
pelunasan piutang pembiayaan. Atas hal settlement of their financing receivables.
tersebut, Perseroan akan mengukur For this reason, the Company will measure
penyisihan kerugian untuk instrumen the allowance for losses for these financial
keuangan tersebut sejumlah kerugian kredit instruments at the amount of expected
ekspektasian sepanjang umurnya. credit losses over their lifetime.
Tujuan dari persyaratan penurunan nilai adalah The purpose of the impairment requirements is
untuk mengakui kerugian kredit ekspektasian to recognize expected credit losses over the life
sepanjang umurnya atas semua instrumen of all financial instruments that have
keuangan yang telah mengalami peningkatan experienced a significant increase in credit risk
risiko kredit secara signifikan sejak pengakuan since initial recognition - whether assessed
awal - baik dinilai secara individu atau kolektif - individually or collectively - taking into account
dengan mempertimbangkan semua informasi all reasonable and supportable information,
yang wajar dan terdukung, termasuk informasi including estimated future information (forward-
yang bersifat perkiraan masa depan (forward- looking).
looking).
Perseroan menerapkan persyaratan penurunan The Company applies an impairment
nilai untuk aset keuangan yang diukur pada biaya requirement for financial assets measured at
perolehan diamortisasi dan aset keuangan yang amortized cost and financial assets measured
diukur pada nilai wajar melalui penghasilan at fair value through other comprehensive
komprehensif lain. income.
Kerugian kredit ekspektasian sepanjang Expected credit losses for the entire lifetime are
umurnya diakui secara kolektif dengan recognized collectively by considering
mempertimbangkan informasi risiko kredit comprehensive credit risk information. The
komprehensif. Informasi risiko kredit comprehensive credit risk information must
komprehensif tersebut harus memasukan tidak include not only arrears information but also all
hanya informasi tunggakan tetapi juga seluruh relevant credit information, including forward-
informasi kredit relevan, termasuk informasi looking macroeconomic information, to
makroekonomi forward-looking, untuk mendekati approach the outcome of recognizing expected
hasil dari pengakuan kerugian kredit credit losses over the life when there is a
ekspektasian sepanjang umurnya ketika terdapat significant increase in credit risk since initial
kenaikan signifikan pada risiko kredit sejak recognition at the level of individual
pengakuan awal pada level instrumen individu. instruments.
18
Page 353
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penurunan nilai dari aset keuangan (lanjutan) Impairment of financial assets (continued)
Cadangan kerugian penurunan nilai secara Allowance for impairment losses on impaired
individual dihitung dengan menggunakan financial assets that was assessed individually
metode diskonto arus kas (discounted cash is computed using discounted cash flows
flows). Sedangkan cadangan kerugian method. For allowance for impairment losses
penurunan nilai secara kolektif dihitung dengan on impaired financial assets that was assessed
menggunakan metode statistik dari data historis collectively, the Company uses statistical
berupa probability of default di masa lalu, waktu method of the historical data such as the
pengembalian dan jumlah kerugian yang terjadi probability of default, timing of recoveries, the
(Loss Given Default) yang selanjutnya amount of loss incurred (Loss Given Default),
disesuaikan lagi dengan pertimbangan considering management’s judgment of
manajemen terkait kondisi ekonomi dan kredit current economic and credit conditions.
saat ini.
Dalam mengevaluasi penurunan nilai secara In evaluating collective impairment, the
kolektif, Perseroan mengklasifikasikan Company classified financing receivables
segmentasi piutang pembiayaan berdasarkan segmentation based on the similar risk
kesamaan karakteristik risiko. Pada tanggal characteristics. As of 31 December 2024, the
31 Desember 2024, Perseroan membagi Company divide the financing receivables
segmentasi piutang pembiayaan menjadi badan segmentation into corporate - captive,
usaha - captive, badan usaha - reguler, corporate - reguler, employee - captive,
karyawan - captive, karyawan - reguler, employee - reguler, entrepreneur - captive,
wirausaha - captive, dan wirausaha - reguler, entrepreneur - reguler, while on 31 December
sedangkan pada tanggal 31 Desember 2023, 2023, the Company classified financing
Perseroan membagi segmentasi piutang receivables segmentation into commercial,
pembiayaan menjadi commercial, passenger, passenger, motorcycles, and used car for the
sepeda motor, dan mobil bekas untuk tujuan purpose of calculating collective impairment.
perhitungan penurunan nilai secara kolektif.
Ketika suatu piutang tidak tertagih, piutang When a receivable is uncollectible, it is written
tersebut dihapus buku dengan menjurnal balik off against the related allowance for
cadangan kerugian penurunan nilai. Piutang impairment losses. Such receivables are
tersebut dapat dihapus buku setelah semua written off after all the necessary procedures
prosedur yang diperlukan telah dilakukan dan have been completed and the amount of the
jumlah kerugian telah ditentukan. Beban loss has been determined. Impairment
penurunan nilai yang terkait dengan pinjaman charges relating to loans and receivables are
yang diberikan dan piutang diklasifikasikan ke classified into “Allowance for impairment
dalam “Cadangan kerugian penurunan nilai”. losses”.
Jika pada periode berikutnya, jumlah kerugian If in the subsequent period, the amount of the
penurunan nilai berkurang dan pengurangan impairment loss decreases and the decrease
tersebut dapat dikaitkan secara obyektif pada can be related objectively to an event occurring
peristiwa yang terjadi setelah penurunan nilai after the impairment was recognized (such as
diakui (seperti meningkatnya peringkat piutang an improvement in the debtor’s receivable
debitur), maka kerugian penurunan nilai yang rating), the previously recognized impairment
sebelumnya diakui harus dipulihkan, dengan loss is reversed by adjusting the allowance for
menyesuaikan akun cadangan kerugian impairment losses. The amount of the
penurunan nilai. Jumlah pemulihan aset impairment reversal is recognized in the
keuangan diakui pada laporan laba rugi dan statement of profit or loss and other
penghasilan komprehensif lain. comprehensive income.
19
Page 354
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penurunan nilai dari aset keuangan (lanjutan) Impairment of financial assets (continued)
Penerimaan kemudian atas piutang yang telah Subsequent recoveries of receivable written off
dihapusbukukan diakui sebagai pendapatan are recognized as other income upon receipt.
lain-lain pada saat diterima.
Liabilitas keuangan Financial liabilities
Perseroan mengklasifikasikan liabilitas The Company classifies its financial liabilities
keuangan dalam kategori (i) liabilitas keuangan in the category of (i) financial liabilities
yang diukur pada nilai wajar melalui laporan laba measured at fair value through profit or loss
rugi dan (ii) liabilitas keuangan yang diukur pada and (ii) financial liabilities measured at
biaya perolehan diamortisasi. amortized cost.
Selama tahun berjalan dan pada tanggal laporan During the year and at the date of statement of
posisi keuangan, Perseroan tidak memiliki financial position, the Company does not have
liabilitas keuangan yang diukur pada nilai wajar financial liabilities that are measured at fair
melalui laporan laba rugi. Perseroan juga value through profit or loss. The Company has
memiliki utang derivatif yang diakui sebagai derivative payables that are accounted for as
lindung nilai yang efektif. an effective hedge.
Liabilitas keuangan yang diukur pada biaya Financial liabilities measured at amortized cost
perolehan diamortisasi
Pada saat pengakuan awal, liabilitas keuangan Financial liabilities at amortized cost are
yang diukur pada biaya perolehan diamortisasi initially recognized at fair value less transaction
diukur pada nilai wajar dikurangi biaya transaksi. costs.
Setelah pengakuan awal, Perseroan mengukur After initial recognition, the Company
seluruh liabilitas keuangan yang diukur pada measures all financial liabilities at amortized
biaya perolehan diamortisasi dengan cost using effective interest rate method.
menggunakan metode suku bunga efektif.
Liabilitas keuangan yang diukur pada biaya Financial liabilities measured at amortized cost
perolehan diamortisasi antara lain utang usaha, include trade payables, other payables,
utang lain-lain, beban yang masih harus dibayar, accrued expenses, borrowings, and securities
pinjaman yang diterima, dan surat berharga yang issued.
diterbitkan.
Liabilitas keuangan yang diukur pada nilai wajar Financial liabilities measured at fair value
melalui laba atau rugi through profit or loss
Liabilitas keuangan yang diukur pada nilai wajar Financial liabilities measured at fair value
melalui laba atau rugi mencakup liabilitas through profit or loss include financial liabilities
keuangan yang diklasifikasikan dalam kelompok held for trading and financial liabilities
diperdagangkan dan liabilitas keuangan yang designated upon initial recognition at fair value
pada saat pengakuan awalnya, telah ditetapkan, through profit or loss.
diukur pada nilai wajar melalui laba atau rugi.
Liabilitas keuangan diklasifikasikan dalam Financial liabilities are classified as held for
kelompok diperdagangkan jika diperoleh atau trading if these are incurred for the purpose of
dimiliki untuk tujuan dijual dalam waktu dekat. selling in the near term. Derivative liabilities are
Liabilitas derivatif juga diklasifikasikan dalam also classified as held for trading unless these
kelompok diperdagangkan kecuali derivatif yang are designated as effective hedging
ditetapkan sebagai instrumen lindung nilai yang instruments.
efektif.
20
Page 355
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Liabilitas keuangan (lanjutan) Financial liabilities (continued)
Liabilitas keuangan yang diukur pada nilai wajar Financial liabilities measured at fair value
melalui laba atau rugi (lanjutan) through profit or loss (continued)
Laba atau rugi atas liabilitas keuangan dalam Gains or losses on financial liabilities held for
kelompok diperdagangkan harus diakui dalam trading are recognized in profit or loss.
laba rugi.
Penghentian pengakuan Derecognition
Penghentian pengakuan aset keuangan Financial assets are derecognized when the
dilakukan ketika hak kontraktual atas arus kas contractual rights to receive the cash flows
yang berasal dari aset keuangan tersebut from these assets have ceased to exist or the
berakhir, atau ketika aset keuangan tersebut assets have been transferred and substantially
telah ditransfer dan secara substansial seluruh all the risks and rewards of ownership of the
risiko dan manfaat atas kepemilikan aset assets are also transferred (if substantially all
tersebut telah ditransfer (jika secara substansial the risk and rewards were not transferred, the
seluruh risiko dan manfaat tidak ditransfer, maka Company tests control to ensure that
Perseroan melakukan evaluasi untuk continuing involvement on the basis of any
memastikan keterlibatan berkelanjutan atas retained powers of control does not prevent
kendali yang masih dimiliki tidak mencegah derecognition). Financial liabilities are
penghentian pengakuan). Liabilitas keuangan derecognized when they have been redeemed
dihentikan pengakuannya ketika liabilitas telah or otherwise extinguished.
dilepaskan atau dibatalkan atau kadaluwarsa.
Penghentian pengakuan piutang pembiayaan Consumer financing receivables are
konsumen yang mengalami penurunan nilai, derecognized when the receivables have been
akan dilakukan ketika piutang telah written off. Doubtful receivables are written off
dihapusbukukan. Piutang ragu-ragu akan when they have been overdue for more than
dihapusbukukan setelah menunggak lebih dari 180 days or determined to be not collectible.
180 hari atau pada saat piutang tersebut The write-off of doubtful accounts do not
diputuskan tidak dapat tertagih. eliminate the right to collect and hence are still
Penghapusbukuan piutang ragu-ragu ini bukan to be pursued for collection continuously.
merupakan hapus tagih, sehingga upaya Consumer financing receivables could be
penagihan tetap dilakukan. Piutang pembiayaan settled by selling the motor vehicles that are
konsumen dapat diselesaikan dengan menjual financed by the Company.
kendaraan yang dibiayai Perseroan.
Perseroan menerima kendaraan dari konsumen The Company receives motor vehicles from
dan membantu untuk menjual kendaraan customers and assist them in selling their
tersebut sehingga konsumen dapat melunasi motor vehicles so that the customers are able
utang pembiayaan konsumennya. to settle their consumer financing payables.
Konsumen memberi kuasa kepada Perseroan The customers give the right to the Company
untuk menjual kendaraan ataupun melakukan to sell the motor vehicles or take any other
tindakan lainnya dalam upaya penyelesaian actions to settle the outstanding consumer
piutang pembiayaan konsumen bila terjadi financing receivables in the events of default.
wanprestasi terhadap perjanjian pembiayaan. Customers are entitled to the positive
Konsumen berhak atas selisih lebih antara nilai difference between the proceeds from sale of
penjualan dengan saldo piutang pembiayaan the motor vehicles and the outstanding
konsumen. Jika terjadi selisih kurang, kerugian consumer financing receivables. If difference is
yang terjadi dibebankan pada laporan laba rugi negative, the resulting loss is charged to the
dan penghasilan komprehensif lain tahun current year statement of profit or loss and
berjalan. other comprehensive income.
21
Page 356
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Penghentian pengakuan (lanjutan) Derecognition (continued)
Jaminan kendaraan milik konsumen untuk Motor vehicle collaterals owned by customers
pelunasan piutang pembiayaan konsumen yang for settlement of their consumer financing
belum dihapus buku, dinyatakan sebesar nilai receivables that have not been written off are
tercatat piutang pembiayaan konsumen terkait presented at the carrying value of the related
setelah dikurangi penyisihan kerugian atas consumer financing receivables, less
penurunan nilai. allowance for impairment losses.
Modifikasi atas Arus Kas Aset Keuangan Modification of Cash Flows of Financial
Assets
Penilaian apakah suatu aset keuangan telah An assessment of whether a financial asset
dimodifikasi baik secara substansial maupun has been modified substantially or not is
tidak substansial dilakukan oleh unit bisnis yang carried out by a business unit who authorized
berwenang melakukan modifikasi atau to modify or restructure the financial assets
restrukturisasi aset keuangan pada saat unit when the business unit carries out modification
bisnis tersebut melakukan tindakan modifikasi or restructuring of the financial assets.
atau restrukturisasi atas suatu aset keuangan.
Modifikasi aset keuangan dianggap substansial Modifications to financial assets are
dan Perseroan akan berhenti mengakui aset considered substantial and the Company will
keuangan awal ketika: derecognize the original financial assets when:
(a) aset keuangan (atau bagiannya) berakhir, (a) the financial asset (or a portion) expires,
yaitu jika debitur secara hukum dibebaskan that is, if the debtor is legally released from
dari tanggung jawab utama atas aset primary responsibility for the asset (or any
tersebut (atau bagiannya), baik melalui portion), either by legal process or by the
proses hukum maupun oleh kreditur creditor entering into a new credit contract
pembuatan kontrak kredit baru (sebagai (for example, the equity conversion
contoh, opsi equity conversion); atau option); or
(b) terdapat konversi mata uang. (b) there is a currency conversion.
Perseroan kemudian akan mengukur aset The Company will then measure the modified
keuangan yang telah dimodifikasi baik secara financial assets either substantially or not in the
substansial maupun tidak substansial dengan following manner:
cara berikut:
(a) Modifikasi Aset Keuangan yang Substansial (a) Substantial Modification of Financial
Assets
1. Saat arus kas kontraktual atas aset 1. When the contractual cash flows on
keuangan direnegosiasi atau financial assets are renegotiated or
dimodifikasi (antara lain ketika kredit modified (for example, when credit is
direstrukturisasi) dimana renegosiasi restructured) where the renegotiation
atau modifikasi tersebut menghasilkan or modification results in
penghentian pengakuan aset derecognition of the financial asset,
keuangan, Perseroan akan mencatat the Company will record the financial
aset keuangan tersebut sebagai aset asset as a new/modified financial
keuangan baru/modifikasian pada asset on the modification/negotiation
tanggal modifikasi/negosiasi. date.
2. Selisih jumlah tercatat bruto aset 2. The difference between the gross
keuangan awal dengan nilai wajar aset carrying amount of the original
modifikasian diakui di laba rugi. financial asset and the fair value of the
modified asset is recognized in profit
or loss.
22
Page 357
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Modifikasi atas Arus Kas Aset Keuangan Modification of Cash Flows of Financial
(lanjutan) Assets (continued)
Perseroan kemudian akan mengukur aset The Company will then measure the modified
keuangan yang telah dimodifikasi baik secara financial assets either substantially or not in the
substansial maupun tidak substansial dengan following manner: (continued)
cara berikut: (lanjutan)
(a) Modifikasi Aset Keuangan yang Substansial (a) Substantial Modification of Financial
(lanjutan) Assets (continued)
3. Pendapatan atau biaya transaksi yang 3. Transaction income or costs incurred
terjadi sehubungan dengan kejadian in connection with a modification
modifikasi diakui sebagai bagian dari event are recognized as part of the
keuntungan atau kerugian atas gain or loss on the modification.
modifikasi tersebut.
4. Selanjutnya, Perseroan melakukan 4. Next, the Company will assess
penilaian apakah aset keuangan whether new/modified financial assets
baru/modifikasian merupakan aset are assets that arise from
yang berasal dari aset keuangan deteriorating financial assets.
memburuk.
5. Pengakuan pendapatan bunga atas 5. The recognition of interest income on
aset yang berasal dari aset keuangan assets originating from deteriorating
memburuk ditentukan berdasarkan financial assets is determined based
suku bunga efektif yang telah on the risk-adjusted effective interest
disesuaikan dengan risiko kredit (risk- rate to discount the cash flows of
adjusted effective interest rate) untuk modified financial assets.
mendiskontokan arus kas aset
keuangan yang telah dimodifikasi.
(b) Modifikasi Aset Keuangan yang Tidak (b) Non-Substantial Modification of Financial
Substansial Assets
1. Saat Perseroan melakukan renegosiasi 1. When the Company renegotiates or
atau modifikasi arus kas kontraktual modifies contractual cash flows for
atas aset keuangan (antara lain ketika financial assets (among others, when
kredit direstrukturisasi) yang tidak loans are restructured) that do not
memenuhi kriteria modifikasi aset meet the criteria for substantial
keuangan yang substansial di atas, modification of financial assets above,
maka renegosiasi atau modifikasi the renegotiation or modification does
tersebut tidak menghasilkan not result in derecognition of financial
penghentian pengakuan aset assets.
keuangan.
2. Jumlah tercatat bruto aset keuangan 2. The gross carrying amount of the
dihitung sebesar nilai kini (net present financial asset is computed at the net
value) dari arus kas kontraktual yang present value of modified or
telah dimodifikasi atau direnegosiasi renegotiated contractual cash flows
yang didiskontokan menggunakan suku discounted at the original effective
bunga efektif awal. interest rate.
3. Perseroan kemudian mengakui 3. The Company then recognizes the
keuntungan atau kerugian dari gain or loss from the modification
modifikasi (yaitu sebesar perubahan (namely the change in the gross
jumlah tercatat bruto aset keuangan) carrying amount of the financial asset)
dalam laporan laba rugi. in the income statement.
4. Pendapatan atau biaya transaksi yang 4. Transaction income or costs incurred
terjadi sehubungan dengan kejadian in connection with a modification
modifikasi diakui sebagai penyesuaian event are recognized as an
terhadap jumlah tercatat aset keuangan adjustment to the carrying amount of
yang telah dimodifikasi dan diamortisasi the modified financial asset and
selama sisa jangka waktu aset amortized over the remaining term of
keuangan modifikasian tersebut. the modified financial asset.
23
Page 358
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Saling hapus Offsetting
Aset dan liabilitas keuangan saling hapus Financial assets and liabilities are offset and
disajikan dalam laporan posisi keuangan jika the net amount is presented in the statement
memiliki hak yang berkekuatan hukum untuk of financial position when there is a legally
melakukan saling hapus buku atas jumlah yang enforceable right to offset the recognized
telah diakui tersebut dan berniat untuk amounts and there is intention to settle on a net
menyelesaikan secara neto atau untuk basis or to realize the asset and settle the
merealisasikan aset dan menyelesaikan liability simultaneously. This means that the
liabilitasnya secara simultan. Hak yang right to set off:
berkekuatan hukum berarti:
a. tidak terdapat kontinjensi di masa yang akan a. must not be contingent on a future event,
datang, dan and
b. hak yang berkekuatan hukum pada kondisi- b. must be legally enforceable in all of the
kondisi berikut ini: following circumstances:
i. kegiatan bisnis normal; i. the normal course of business;
ii. kondisi kegagalan usaha; dan ii. the event of default; and
iii. kondisi gagal bayar atau bangkrut. iii. the event of insolvency or bankruptcy.
Klasifikasi instrumen keuangan Classification of financial instruments
Perseroan mengklasifikasikan instrumen The Company classifies the financial
keuangan ke dalam klasifikasi tertentu yang instruments into classes that reflects the nature
mencerminkan sifat dari informasi dan of information and take into account the
mempertimbangkan karakteristik dari instrumen characteristics of those financial instruments.
keuangan tersebut. Klasifikasi ini dapat dilihat The classifications are shown in the table
pada tabel berikut: below:
Golongan
Kategori yang didefinisikan (ditentukan oleh Perseroan)/
oleh PSAK No.109/ Class (as determined by the Subgolongan/
Category as defined by SFAS No.109 Company) Subclasses
Kas dan setara kas/Cash and cash equivalents
- Kas pada bank/Cash in banks
- Deposito berjangka/Time deposit
Piutang pembiayaan konsumen/Consumer financing receivables
Piutang sewa pembiayaan/Finance lease receivables
Aset keuangan yang diukur Anjak piutang/Factoring receivables
pada biaya perolehan yang
Piutang lain-lain/Other receivables
Aset keuangan/ diamortisasi/Financial assets
Financial at amortized cost
assets Aset lain-lain/Other assets
- Piutang karyawan/Employee receivables
- Piutang bunga/Interest receivables
- Setoran dalam perjalanan/Deposit in transit
- Uang jaminan/Security deposit
Derivatif lindung nilai/ Hedging Lindung nilai atas nilai arus kas/Hedging instruments in cash flow hedges
derivatives - Piutang derivatif/Derivative receivables
24
Page 359
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
Klasifikasi instrumen keuangan (lanjutan) Classification of financial instruments
(continued)
Perseroan mengklasifikasikan instrumen The Company classifies the financial
keuangan ke dalam klasifikasi tertentu yang instruments into classes that reflects the nature
mencerminkan sifat dari informasi dan of information and take into account the
mempertimbangkan karakteristik dari instrumen characteristics of those financial instruments.
keuangan tersebut. Klasifikasi ini dapat dilihat The classifications are shown in the table
pada tabel berikut: (lanjutan) below: (continued)
Golongan
Kategori yang didefinisikan (ditentukan oleh Perseroan)/
oleh PSAK No.109/ Class (as determined by the Subgolongan/
Category as defined by SFAS No.109 Company) Subclasses
Beban yang masih harus dibayar/Accrued expenses
Pinjaman yang diterima/Borrowings
Surat berharga yang diterbitkan/Securities issued
Utang usaha/Trade payables
- Utang kendaraan/Vehicle payables
Liabilitas keuangan yang diukur - Utang asuransi/Insurance payables
Liabilitas dengan biaya perolehan Utang lain-lain/Other payables
keuangan/ diamortisasi/Financial liabilities - Kantor pendaftaran fidusia/Fiduciary register office
Financial at amortized cost - Premi asuransi/Insurance premium
liabilities - Pembiayaan bersama/Joint financing
Lain-lain/Others
Beban yang masih harus dibayar/Accrued expenses
Pinjaman yang diterima/Borrowings
Surat berharga yang diterbitkan/Securities issued
Derivatif lindung nilai/ Hedging Lindung nilai atas nilai arus kas/Hedging instruments in cash flow hedges
derivatives - Utang derivatif/Derivative payables
d. Penentuan nilai wajar d. Determination of fair value
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received
untuk menjual suatu aset atau harga yang akan to sell an asset or paid to transfer a liability in
dibayar untuk mengalihkan suatu liabilitas dalam an orderly transaction between market
transaksi teratur antara pelaku pasar pada participants at the measurement date. The fair
tanggal pengukuran. Pengukuran nilai wajar value measurement is based on the
berdasarkan asumsi bahwa transaksi untuk presumption that the transaction to sell the
menjual aset atau mengalihkan liabilitas terjadi asset or transfer the liability takes place either:
di:
pasar utama untuk aset dan liabilitas in the principal market for the asset or
tersebut, atau liability, or
jika terdapat pasar utama, di pasar yang in the absence of the principal market, in
paling menguntungkan untuk aset atau the most advantageous market for the
liabilitas tersebut. asset or liability.
Perseroan harus memiliki akses ke pasar utama The principal or the most advantageous market
atau pasar yang paling menguntungkan tersebut. must be accessible by the Company.
Nilai wajar aset dan liabilitas diukur The fair value of an asset or a liability is
menggunakan asumsi yang akan digunakan measured using the assumptions that market
pelaku pasar ketika menentukan harga aset atau participants would use when pricing the asset
liabilitas tersebut, dengan asumsi bahwa pelaku or liability, assuming that market participants
pasar bertindak dalam kepentingan ekonomi act in their economic best interest.
terbaiknya.
25
Page 360
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
d. Penentuan nilai wajar (lanjutan) d. Determination of fair value (continued)
Perseroan menggunakan teknik penilaian yang The Company uses valuation techniques that
sesuai dalam keadaan dan dimana data yang are appropriate in the circumstances and for
memadai tersedia untuk mengukur nilai wajar, which sufficient data are available to measure
memaksimalkan penggunaan input yang tidak fair value, maximizing the use of relevant
dapat diobservasi. observable inputs and minimizing the use of
unobservable inputs.
Semua aset dan liabilitas yang nilai wajarnya All assets and liabilities for which fair value is
diukur atau diungkapkan dalam laporan measured or disclosed in the financial
keuangan dikategorikan dalam hirarki nilai wajar, statements are categorized within the fair value
sebagaimana dijelaskan di bawah ini, hierarchy, described as follows, based on the
berdasarkan tingkatan level input yang terendah lowest level input that is significant to the fair
yang signifikan terhadap pengukuran nilai wajar value measurement as a whole:
secara keseluruhan:
Level 1 - harga kuotasian (tanpa Level 1 - quoted (unadjusted) market
penyesuaian) di pasar aktif untuk aset atau prices in active markets for identical
liabilitas yang identik. assets or liabilities.
Level 2 - teknik penilaian di mana tingkat Level 2 - valuation techniques for which
level input terendah yang signifikan the lowest level input that is significant to
terhadap pengukuran nilai wajar dapat the fair value measurement is directly or
diobservasi baik secara langsung atau tidak indirectly observable.
langsung.
Level 3 - teknik penilaian di mana tingkat Level 3 - valuation techniques for which
level input terendah yang signifikan the lowest level input that is significant to
terhadap pengukuran nilai wajar tidak dapat the fair value measurement is directly or
diobservasi baik secara langsung atau tidak indirectly unobservable.
langsung.
Untuk aset dan liabilitas yang diukur secara For assets and liabilities that are recognized in
berulang dalam laporan keuangan, Perseroan the financial statements on a recurring basis,
menentukan apakah perpindahan antar level the Company determines whether transfers
hirarki telah terjadi dengan melakukan evaluasi have occurred between levels in hierarchy by
pengelompokan (berdasarkan level input yang reassessing categorization (based on the
terendah yang signifikan terhadap pengukuran lowest level input that is significant to the fair
nilai wajar secara menyeluruh) pada setiap akhir value measurement as a whole) at the end of
periode pelaporan. each reporting period.
e. Penjabaran mata uang asing e. Foreign currency translation
Transaksi dalam mata uang asing dijabarkan ke Transactions denominated in a foreign
mata uang Rupiah dengan menggunakan kurs currency are translated into Rupiah at the
yang berlaku pada tanggal transaksi. Pada exchange rate prevailing at the date of the
tanggal laporan posisi keuangan, aset dan transaction. At the date of statement of
liabilitas moneter dalam mata uang asing financial position, monetary assets and
dijabarkan dengan kurs tengah Bank Indonesia liabilities in foreign currencies are translated at
yang berlaku pada tanggal laporan posisi the exchange rates prevailing at that date as
keuangan. published by Bank Indonesia.
Keuntungan dan kerugian selisih kurs yang Exchange gains and losses arising on
timbul dari transaksi dalam mata uang asing dan transactions in foreign currency and on the
dari penjabaran aset dan liabilitas moneter translation of foreign currency monetary assets
dalam mata uang asing, diakui pada laporan laba and liabilities are recognized in the statement
rugi dan penghasilan komprehensif lain. of profit or loss and other comprehensive
income.
26
Page 361
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
e. Penjabaran mata uang asing (lanjutan) e. Foreign currency translation (continued)
Kurs yang digunakan untuk menjabarkan aset The exchange rates used to translate the
dan liabilitas moneter dalam mata uang asing monetary assets and liabilities denominated in
pada tanggal 31 Desember 2024 dan foreign currencies as of 31 December 2024
2023 adalah sebagai berikut: and 2023 are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Mata uang Currency
Dolar Amerika Serikat (AS$) 16.162 15.416 United States Dollar (US$)
f. Kas dan setara kas f. Cash and cash equivalents
Kas dan setara kas mencakup kas, kas di bank Cash and cash equivalents include cash on
dan deposito berjangka dengan jangka waktu hand, cash in banks and time deposits with
jatuh tempo tiga bulan atau kurang sejak dari original maturity of three months or less from
tanggal penempatannya, yang tidak dibatasi the date of placement, which are not restricted
penggunaannya, tidak digunakan sebagai and are not pledged as collateral for any
jaminan atas pinjaman dan dapat segera borrowing and that are readily convertible to
dijadikan kas tanpa terjadi perubahan nilai yang known amounts of cash which are subject to
sangat signifikan. insignificant risk of changes in value.
g. Piutang pembiayaan konsumen g. Consumer financing receivables
Piutang pembiayaan konsumen diakui pada Consumer financing receivables are
awalnya dengan nilai wajar ditambah biaya- recognized initially at fair value, added with
biaya transaksi dan dikurangi yield enhancing directly attributable transactions costs and
income yang dapat diatribusikan secara deducted by yield enhancing income, and
langsung dan selanjutnya diukur dengan biaya subsequently measured at amortized cost
perolehan diamortisasi menggunakan metode using the effective interest rate method.
tingkat bunga efektif. Piutang pembiayaan Consumer financing receivables are classified
konsumen diklasifikasikan sebagai aset as financial assets measured at amortized
keuangan yang diukur pada biaya perolehan cost. Refer to Note 2c for the accounting policy
diamortisasi. Lihat Catatan 2c untuk kebijakan for financial assets measured at amortized
akuntansi atas aset keuangan yang diukur pada cost.
biaya perolehan diamortisasi.
Penyelesaian kontrak sebelum masa Early termination is treated as a cancellation of
pembiayaan konsumen berakhir diperlakukan an existing contract and the resulting gain or
sebagai pembatalan kontrak pembiayaan loss is credited or charged to the current year
konsumen dan laba atau rugi yang terjadi diakui statement of profit or loss and other
dalam laporan laba rugi dan penghasilan comprehensive income at the transaction date.
komprehensif lain tahun berjalan pada tanggal
terjadinya transaksi.
Pendapatan pembiayaan konsumen yang belum Unearned consumer financing income is the
diakui merupakan selisih antara jumlah difference between total installments to be
keseluruhan pembayaran angsuran yang akan received from customers and the total
diterima dari konsumen dan jumlah pokok financing which is recognized as income over
pembiayaan yang akan diakui sebagai the term of the contract using the effective
penghasilan sesuai dengan jangka waktu interest rate.
kontrak dengan menggunakan metode tingkat
suku bunga efektif.
27
Page 362
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
g. Piutang pembiayaan konsumen (lanjutan) g. Consumer financing receivables
(continued)
Restrukturisasi kredit dapat dilakukan dengan Credit restructuring can be done by over
cara pengalihan kredit, merubah jatuh tempo, contract, change in due date, change in tenor,
merubah tenor, merubah nilai angsuran dan/atau change in installment and/or change in interest
perubahan suku bunga. rate.
Kerugian yang timbul dari restrukturisasi kredit Losses on loan restructuring in respect of
yang berkaitan dengan modifikasi persyaratan modification of the terms of the loans are
kredit hanya diakui bila nilai kini penerimaan kas recognized only if the present value of total
masa depan yang telah ditentukan dalam future cash receipts specified in the new terms
persyaratan kredit yang baru, termasuk of the loans, including both receipt designated
penerimaan yang diperuntukkan sebagai bunga as interest, and those designated as loan
maupun pokok, adalah lebih kecil dari nilai kredit principal, are less than the recorded amounts
yang diberikan yang tercatat sebelum of loans before restructuring in the financial
restrukturisasi di laporan keuangan. statements.
Pembiayaan Bersama Joint financing
Piutang pembiayaan konsumen merupakan Consumer financing receivables are stated at
jumlah piutang setelah dikurangi dengan piutang net of joint financing receivables, unearned
pembiayaan bersama, pendapatan pembiayaan consumer financing income and allowance for
yang belum diakui dan cadangan kerugian impairment losses.
penurunan nilai.
Piutang pembiayaan konsumen yang dibiayai Joint financing receivables where the
bersama pihak-pihak lain dimana masing- Company and joint financing providers bear
masing pihak mendapatkan imbalan (rewards) credit risk in accordance with their portion are
dan menanggung risiko kredit sesuai dengan presented on a net basis in the statement of
porsinya disajikan di laporan posisi keuangan financial position. Administration income for
secara bersih. Pendapatan administrasi atas managing joint financing are presented in the
pengelolaan pembiayaan bersama disajikan di statement of profit or loss and other
laporan laba rugi dan penghasilan komprehensif comprehensive income.
lain.
h. Piutang sewa pembiayaan h. Finance lease receivables
Piutang sewa pembiayaan merupakan jumlah Finance lease receivables represent lease
piutang sewa pembiayaan ditambah nilai sisa receivables plus the residual value at the end
yang akan diterima pada akhir masa sewa of the lease period and stated at net of
pembiayaan dikurangi dengan pendapatan sewa unearned lease income, security deposits and
pembiayaan tangguhan, simpanan jaminan dan allowances for impairment losses. The
cadangan kerugian penurunan nilai. Selisih difference between the gross lease receivable
antara nilai piutang usaha bruto dan nilai tunai and the present value of the lease receivable is
piutang diakui sebagai pendapatan sewa recognized as unearned lease income.
pembiayaan tangguhan. Pendapatan sewa Unearned lease income is allocated to current
pembiayaan tangguhan dialokasikan sebagai year statement of profit or loss and other
pendapatan di laporan laba rugi dan penghasilan comprehensive income based on a constant
komprehensif lain tahun berjalan berdasarkan rate of return on the net investment using
suatu tingkat pengembalian konstan atas effective interest rates.
investasi bersih dengan menggunakan suku
bunga efektif.
28
Page 363
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
h. Piutang sewa pembiayaan (lanjutan) h. Finance lease receivables (continued)
Penyewa pembiayaan memiliki hak opsi untuk The lessee has the option to purchase the
membeli aset yang disewa-pembiayaankan leased asset at the end of the lease period at
pada akhir masa sewa pembiayaan dengan a price mutually agreed upon at the
harga yang telah disetujui bersama pada saat commencement of the agreement.
dimulainya perjanjian sewa pembiayaan.
Penyelesaian kontrak sebelum masa sewa Early termination is treated as a cancellation of
pembiayaan berakhir diperlakukan sebagai an existing contract and the resulting gain or
pembatalan kontrak sewa dan laba atau rugi loss is credited or charged to the current year
yang timbul diakui dalam laporan laba rugi dan statement of profit or loss and other
penghasilan komprehensif lain tahun berjalan. comprehensive income.
Piutang sewa pembiayaan diklasifikasikan Finance lease receivables are classified as
sebagai aset keuangan yang diukur pada biaya financial assets measured at amortized cost.
perolehan diamortisasi. Lihat Catatan 2c untuk Refer to Note 2c for the accounting policy for
kebijakan akuntansi atas aset keuangan yang financial assets measured at amortized cost.
diukur pada biaya perolehan diamortisasi.
i. Tagihan anjak piutang i. Factoring receivables
Tagihan anjak piutang dicatat berdasarkan Factoring receivables are recorded at the
jumlah yang dibayar oleh Perseroan yang amount paid by the Company which are
dihitung berdasarkan persentase tertentu dari calculated based on certain percentages of the
nilai piutang. Perbedaan antara jumlah yang receivable value. The difference in value
dibayar dan jumlah neto piutang dialihkan between the amounts paid by the Company
merupakan pendapatan belum diakui dan diakui and the net factoring receivable is recognized
sebagai pendapatan selama jangka waktu as unearned income and realized over the
perjanjian dengan menggunakan tingkat suku period of the contract using the effective
bunga efektif (Catatan 2c). interest method (Note 2c).
j. Cadangan kerugian penurunan nilai j. Allowance for impairment losses
Perseroan melakukan perhitungan cadangan The Company calculates the allowance for
kerugian penurunan nilai dengan menggunakan impairment losses using the “expected credit
metode kerugian kredit ekspektasian. Lihat losses” methodology. Refer to Note 2c.
Catatan 2c.
k. Beban dibayar dimuka k. Prepaid expenses
Beban dibayar di muka diamortisasi selama Prepaid expenses are amortized over the
masa manfaat masing-masing biaya dengan periods benefited using the straight-line
menggunakan metode garis lurus. method.
l. Aset tetap, aset hak guna dan liabilitas sewa l. Fixed assets, right-of-use assets and lease
liabilities
Aset tetap Fixed assets
Aset tetap diakui sebesar biaya perolehan dan Fixed assets are stated at cost and
selanjutnya dipertanggungjawabkan dengan subsequently accounted using the cost
menggunakan model biaya (cost method) dan method and stated at cost less accumulated
dinyatakan sebesar nilai perolehan dikurangi depreciation.
dengan akumulasi penyusutan.
29
Page 364
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
l. Aset tetap, aset hak guna dan liabilitas sewa l. Fixed assets, right-of-use assets and lease
(lanjutan) liabilities (continued)
Aset tetap (lanjutan) Fixed assets (continued)
Harga perolehan mencakup semua pengeluaran Acquisition cost covers all expenditures that
yang terkait secara langsung dengan perolehan are directly attributable to the acquisition of the
aset tetap. items.
Biaya pengurusan legal hak atas tanah dalam The legal cost of land rights in the form of
bentuk Hak Guna Bangunan (“HGB”) ketika Building Usage Right (Hak Guna Bangunan or
tanah diperoleh pertama kali diakui sebagai “HGB”) when the land was acquired initially is
bagian dari biaya perolehan tanah pada akun recognized as part of the cost of the land under
“Aset Tetap” dan tidak diamortisasi. the “Fixed Assets” account and not amortized.
Sementara biaya pengurusan atas Meanwhile, the extension or the legal renewal
perpanjangan atau pembaruan legal hak atas costs of land rights in the form of HGB is
tanah dalam bentuk HGB diakui sebagai aset recognized as intangible asset and amortized
takberwujud dan diamortisasi sepanjang mana over the shorter of the rights' legal life and
yang lebih pendek antara umur hukum hak dan land's economic life.
umur ekonomi tanah.
Hak atas tanah tidak diamortisasi. Land rights is not amortized.
Aset dalam penyelesaian dinyatakan sebesar Construction in progress is stated at cost and
biaya perolehan dan akan dipindahkan ke transferred to the respective fixed asset
masing-masing aset tetap yang bersangkutan account when completed and ready for use.
pada saat selesai dan siap digunakan.
Penyusutan aset tetap selain tanah dan Depreciation on fixed assets other than land
bangunan dalam pengerjaan dihitung dengan and construction in progress are calculated
menggunakan metode garis lurus sepanjang using the straight-line method over their
estimasi masa manfaatnya sebagai berikut: estimated useful lives as follows:
Masa manfaat (tahun)/ Persentase/
Golongan Useful life (years) Percentage Classification
Bangunan 20 5,00% Buildings
Perabotan dan peralatan kantor 5 20,00% Furniture and office equipment
Kendaraan 5 20,00% Vehicles
Renovasi bangunan sewa 3-5 20,00% - 33,33% Leasehold improvement
Aset tetap kecuali tanah dan aset dalam Fixed assets except land and construction in
pengerjaan disusutkan sampai dengan nilai progress are depreciated to their residual
sisanya. value.
Biaya-biaya setelah pengakuan awal aset diakui Subsequent costs are included in the asset’s
sebagai bagian dari nilai tercatat aset atau carrying amount or recognized as a separate
sebagai aset yang terpisah, sebagaimana asset, as appropriate, only when it is probable
seharusnya, hanya apabila kemungkinan besar that future economic benefits associated with
Perseroan akan mendapatkan manfaat the item will flow to the Company and the cost
ekonomis di masa depan berkenaan dengan of the item can be measured reliably. Amounts
aset tersebut dan biaya perolehan aset dapat in respect of replaced parts are derecognized.
diukur dengan andal. Nilai yang terkait dengan All other repairs and maintenance are charged
penggantian komponen tidak diakui. Biaya to the statement of profit or loss and other
perbaikan dan pemeliharaan dibebankan ke comprehensive income during the period in
dalam laporan laba rugi dan penghasilan which they are incurred.
komprehensif lain selama periode dimana biaya-
biaya tersebut terjadi.
30
Page 365
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
l. Aset tetap, aset hak guna dan liabilitas sewa l. Fixed assets, right-of-use assets and lease
(lanjutan) liabilities (continued)
Nilai residu dan umur manfaat aset ditelaah dan The assets’ residual values and useful lives are
disesuaikan, setiap tanggal laporan posisi reviewed, and adjusted if appropriate, at each
keuangan jika diperlukan. date of statement of financial position.
Apabila aset tetap tidak digunakan lagi atau When assets are retired or otherwise disposed
dijual, maka nilai tercatat dan akumulasi of, their carrying values and the related
penyusutannya dikeluarkan dari laporan accumulated depreciation are eliminated from
keuangan dan keuntungan atau kerugian yang the financial statements and the resulting gain
dihasilkan dari penjualan aset tetap diakui dalam or loss on the disposal of fixed assets is
laporan laba rugi dan penghasilan komprehensif recognized in the statement of profit or loss
lain. and other comprehensive income.
Apabila nilai tercatat aset tetap lebih besar dari When the carrying amount of an asset is
nilai yang dapat diperoleh kembali, nilai tercatat greater than its estimated recoverable amount,
aset diturunkan menjadi sebesar nilai yang dapat it is written down immediately to its recoverable
diperoleh kembali. amount.
Penilaian dilakukan pada akhir setiap periode An assessment is made at each reporting
pelaporan apakah terdapat indikasi bahwa rugi period as to whether there is any indication that
penurunan nilai yang telah diakui dalam periode previously recognized impairment losses may
sebelumnya mungkin tidak ada lagi atau no longer exist or may have decreased. If such
mungkin telah menurun. Jika indikasi yang indication exists, the recoverable amount is
dimaksud ditemukan, maka entitas estimated.
mengestimasi jumlah terpulihkan aset tersebut.
Kerugian penurunan nilai yang telah diakui A previously recognized impairment losses is
dalam periode sebelumnya dibalik hanya jika reversed only if there has been a change in the
terdapat perubahan asumsi-asumsi yang assumptions used to determine the asset’s
digunakan untuk menentukan jumlah terpulihkan recoverable amount since the last impairment
aset tersebut sejak rugi penurunan nilai terakhir loss was recognized. If that is the case, the
diakui. Dalam hal ini, jumlah tercatat aset carrying amount of the asset is increased to its
dinaikkan ke jumlah terpulihkannya. recoverable amount.
Pembalikan rugi penurunan nilai diakui dalam Reversal of an impairment loss is recognized
laporan laba rugi dan penghasilan komprehensif in the statement of profit or loss and other
lain. Setelah pembalikan tersebut, penyusutan comprehensive income. After such a reversal,
aset tersebut disesuaikan di periode mendatang the depreciation charge on the asset is
untuk mengalokasikan jumlah tercatat aset yang adjusted in future periods to allocate the
direvisi, dikurangi nilai sisanya, dengan dasar asset’s revised carrying amount, less any
yang sistematis selama sisa umur masa residual value, on a systematic basis over its
manfaatnya. remaining useful life.
31
Page 366
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
l. Aset tetap, aset hak guna dan liabilitas sewa l. Fixed assets, right-of-use assets and lease
(lanjutan) liabilities (continued)
Aset hak guna dan liabilitas sewa Right-of-use assets and lease liabilities
PSAK No. 116 memperkenalkan model SFAS No. 116 introduces a single lessee
akuntansi penyewa tunggal dan mensyaratkan accounting model and requires a lessee to
penyewa untuk mengakui aset dan liabilitas recognize assets and liabilities for all leases
untuk semua sewa dengan pengecualian sewa with the exemptions of short-term leases and
jangka pendek dan aset dengan nilai rendah. the underlying asset is of low value. A lessee
Penyewa diharuskan untuk mengakui aset hak- is required to recognize a right-of-use asset
guna yang mewakili haknya untuk menggunakan representing its right to use the underlying
aset sewaan dan liabilitas sewa yang mewakili leased asset and a lease liability representing
kewajibannya untuk melakukan pembayaran its obligation to make lease payments. SFAS
sewa. PSAK No. 116 secara substansial masih No. 116 substantially carries forward the lessor
menggunakan persyaratan akuntansi atas accounting requirements in SFAS No. 217
pesewa (lessor) sesuai PSAK No. 217 Sewa. Leases. Accordingly, a lessor continues to
Oleh karena itu, pesewa masih akan classify its leases as operating leases or
menggunakan klasifikasi sewa dalam sewa finance leases, and to account for those two
operasi atau pembiayaan, dan memperlakukan types of leases differently.
transaksi sewa atas kedua tipe sewa tersebut
secara berbeda.
Perseroan mengakui liabilitas sewa, sebagai The Company recognized a lease liability,
pembayaran sewa yang tersisa termasuk atas being the remaining lease payments including
opsi perpanjangan dimana perpanjangan hampir extension options where renewal is reasonably
dapat dipastikan, didiskontokan menggunakan certain, discounted using the incremental
tingkat bunga pinjaman inkremental pada borrowing rate at the date of initial application.
tanggal penerapan awal. Aset hak-guna yang The corresponding right-of-use asset
diakui adalah jumlah yang sama dengan liabilitas recognized was an amount equal to the lease
sewa, yang disesuaikan dengan jumlah liability, adjusted by the amount of prepaid or
pembayaran sewa dibayar dimuka atau terutang accrued lease payments relating to those
terkait sewa tersebut. leases.
Beban keuangan dicatat dalam laporan laba rugi. Finance expense is recorded in the statement
Aset sewa (disajikan sebagai bagian aset tetap) of income. Leased assets (presented under
disusutkan dengan metode garis lurus selama fixed assets) are depreciated using straight-line
jangka waktu yang lebih pendek antara umur method over the shorter of the estimated useful
manfaat aset sewa dan periode masa sewa, jika life of the assets and the lease term, if there is
tidak ada kepastian yang memadai bahwa no reasonable certainty that the Company will
Perseroan akan mendapatkan hak kepemilikan obtain ownership by the end of the lease term.
pada akhir masa sewa.
Pada saat penerapan adopsi PSAK No. 116, Upon adoption of SFAS No. 116, the Company
Perseroan menerapkan pendekatan pengakuan applied a single recognition and measurement
dan pengukuran tunggal untuk semua aset sewa approach for all leases except for short-term
kecuali sewa jangka pendek dan sewa aset yang leases and leases of low-value assets.
bernilai rendah.
32
Page 367
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
m. Perpajakan m. Taxation
Pajak Final Final Tax
Peraturan perpajakan di Indonesia mengatur Tax regulation in Indonesia determined that
beberapa jenis penghasilan dikenakan pajak certain taxable income is subject to final tax.
yang bersifat final. Pajak final yang dikenakan Final tax applied to the gross value of
atas nilai bruto transaksi tetap dikenakan transactions is applied even when the parties
walaupun atas transaksi tersebut pelaku carrying the transaction are recognizing
transaksi mengalami kerugian. losses.
Mengacu pada PSAK No. 212, “Pajak Referring to SFAS No. 212, “Income Tax”, final
Penghasilan”, pajak final tersebut tidak termasuk tax is no longer governed by SFAS No. 212.
dalam lingkup yang diatur oleh PSAK No. 212. Therefore, the Company has decided to present
Oleh karena itu, Perseroan memutuskan untuk all of the final tax arising from interest income as
menyajikan beban pajak final sehubungan separate line item.
dengan pendapatan bunga sebagai pos
tersendiri.
Pajak Kini Current Tax
Aset dan liabilitas pajak kini untuk tahun berjalan Current income tax assets and liabilities for the
diukur sebesar jumlah yang diharapkan dapat current year are measured at the amount
direstitusi dari atau dibayarkan kepada otoritas expected to be recovered from or paid to the
perpajakan. taxation authority.
Beban pajak kini ditentukan berdasarkan laba Current tax expense is determined based on
kena pajak tahun berjalan yang dihitung the taxable profit for the year computed using
berdasarkan tarif pajak yang berlaku. the prevailing tax rates.
Kekurangan/kelebihan pembayaran pajak Underpayment/overpayment of income tax are
penghasilan dicatat sebagai bagian dari “Beban presented as part of “Income Tax Expense” in
Pajak Penghasilan” dalam laporan laba rugi dan the statement of profit or loss and other
penghasilan komprehensif lain. Perseroan juga comprehensive income. The Company also
menyajikan bunga/denda, jika ada, sebagai presented interest/penalty, if any, as part of
bagian dari “Beban Pajak Penghasilan”. “Income Tax Expense”.
Koreksi terhadap liabilitas perpajakan diakui Amendments to tax obligations are recorded
pada saat surat ketetapan pajak diterima atau, when a tax assessment letter is received or, if
jika diajukan keberatan, pada saat keputusan appealed against, when the result of the appeal
atas keberatan ditetapkan. is determined.
Aset dan liabilitas pajak tangguhan diakui Deferred tax assets and liabilities are
menggunakan metode posisi keuangan atas recognized using the financial position
konsekuensi pajak pada masa mendatang yang method for the future tax consequences
timbul dari perbedaan jumlah tercatat aset dan attributable to the differences between the
liabilitas menurut laporan keuangan dengan carrying amounts of existing assets and
dasar pengenaan pajak aset dan liabilitas pada liabilities in the financial statements and their
setiap tanggal pelaporan. Liabilitas pajak respective tax bases at each reporting date.
tangguhan diakui untuk semua perbedaan Deferred tax liabilities are recognized for all
temporer kena pajak dan aset pajak tangguhan taxable temporary differences and deferred
diakui untuk perbedaan temporer yang boleh tax assets are recognized for deductible
dikurangkan dan akumulasi rugi fiskal, temporary differences and accumulated fiscal
sepanjang besar kemungkinan perbedaan losses to the extent that it is probable that
temporer yang boleh dikurangkan dan akumulasi taxable profit will be available in future years
rugi fiskal tersebut dapat dimanfaatkan untuk against which the deductible temporary
mengurangi laba kena pajak pada masa depan. differences and accumulated fiscal losses
can be utilized.
33
Page 368
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
m. Perpajakan (lanjutan) m. Taxation (continued)
Pajak Tangguhan Deferred Tax
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of a deferred tax asset is
ulang pada akhir setiap periode pelaporan dan reviewed at the end of each reporting period
diturunkan apabila laba fiskal mungkin tidak and reduced to the extent that it is no longer
memadai untuk mengkompensasi sebagian atau probable that sufficient taxable profit will be
semua manfaat aset pajak tangguhan tersebut. available to allow the benefit of part or all of that
Pada akhir setiap periode pelaporan, Perseroan deferred tax asset to be utilized. At the end of
menilai kembali aset pajak tangguhan yang tidak each reporting period, the Company
diakui. Perseroan mengakui aset pajak reassesses unrecognized deferred tax assets.
tangguhan yang sebelumnya tidak diakui apabila The Company recognizes a previously
besar kemungkinan bahwa laba fiskal pada unrecognized deferred tax assets to the extent
masa depan akan tersedia untuk pemulihannya. that it has become probable that future taxable
profit will allow the deferred tax assets to be
recovered.
Pajak tangguhan dihitung dengan menggunakan Deferred tax is calculated at the tax rates that
tarif pajak yang berlaku atau secara substansial have been enacted or substantively enacted at
telah berlaku pada tanggal pelaporan. the reporting date. Changes in the carrying
Perubahan nilai tercatat aset dan liabilitas pajak amount of deferred tax assets and liabilities due
tangguhan yang disebabkan oleh perubahan to a change in tax rates are charged to current
tarif pajak dibebankan pada usaha tahun year operations, except to the extent that they
berjalan, kecuali untuk transaksi-transaksi yang relate to items previously charged or credited to
sebelumnya telah langsung dibebankan atau equity.
dikreditkan ke ekuitas.
Aset dan liabilitas pajak tangguhan disajikan Deferred tax assets and liabilities are offset in
secara saling hapus dalam laporan posisi the statement of financial position, except if they
keuangan, kecuali aset dan liabilitas pajak are for different legal entities, consistent with the
tangguhan untuk entitas yang berbeda, sesuai presentation of current tax assets and liabilities.
dengan penyajian aset dan liabilitas pajak kini.
n. Imbalan kerja n. Employee benefits
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek diakui pada saat Short-term employee benefits are recognized
terutang kepada karyawan berdasarkan metode when it is payable to the employees based on
akrual. accrual method.
Imbalan kerja jangka panjang dan imbalan Long-term employee benefits and post-
pasca-kerja employment benefits
Imbalan kerja jangka panjang dan imbalan Long-term employee benefits and post-
pasca-kerja, seperti pensiun, uang pisah, uang employment employee benefits, such as
penghargaan, dan imbalan lainnya, ditentukan pensions, severance pay, service pay, and other
sesuai dengan Peraturan Perseroan dan benefits are provided in accordance with the
Undang-Undang Ketenagakerjaan yang berlaku. Company’s Regulations and applicable Labor
Law.
Perseroan mencatat penyisihan manfaat untuk The Company made provisions in order to meet
memenuhi imbalan minimum yang harus dibayar the minimum benefits required to be paid to the
kepada karyawan-karyawan sesuai dengan qualified employees under Company’s
peraturan perusahaan dan Peraturan regulation and Government Regulation No. 35 of
Pemerintah No. 35 tahun 2021 dan Undang- 2021 and Law No. 13 of 2003 for the year ended
undang No. 13 tahun 2003 masing-masing untuk on 31 December 2024 and 2023, respectively.
tahun yang berakhir pada tanggal 31 Desember
2024 dan 2023.
34
Page 369
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
n. Imbalan kerja (lanjutan) n. Employee benefits (continued)
Imbalan kerja jangka panjang dan imbalan Long-term employee benefits and post-
pasca-kerja (lanjutan) employment benefits (continued)
Karena Undang-Undang Ketenagakerjaan Since Labor Law sets the formula for determining
menentukan rumus tertentu untuk menghitung the minimum amount of benefits, in substance
jumlah minimal imbalan pensiun, pada dasarnya, pension plans under the Labor Law represent
program pensiun berdasarkan Undang-Undang defined benefit plans. A defined benefit plan is a
Ketenagakerjaan adalah program imbalan pasti. pension plan that defines an amount of pension
Program pensiun imbalan pasti adalah program benefit to be provided, usually as a function of
pensiun yang menentukan jumlah imbalan one or more factors such as age, years of service
pensiun yang akan diberikan, biasanya or compensation.
berdasarkan pada satu faktor atau lebih seperti
usia, masa kerja atau kompensasi.
Liabilitas program pensiun imbalan pasti yang The liability recognized in the statement of
diakui di laporan posisi keuangan adalah nilai financial position in respect of defined benefit
kini liabilitas imbalan pasti pada tanggal laporan pension plans is the present value of the defined
posisi keuangan, serta disesuaikan dengan benefit obligation at the date of statement of
keuntungan atau kerugian aktuarial dan biaya financial position, together with adjustments for
jasa lalu yang belum diakui. Nilai kini liabilitas unrecognized actuarial gains or losses and past
imbalan pasti dihitung setiap tahun oleh aktuaris service cost. The present value of defined
independen menggunakan metode projected benefit obligation is calculated annually by an
unit credit. independent actuary using the projected unit
credit method.
Nilai kini liabilitas imbalan pasti ditentukan The present value of the defined benefit
dengan mendiskontokan estimasi arus kas obligation is determined by discounting the
keluar masa depan dengan menggunakan estimated future cash outflows using yields on
tingkat obligasi pemerintah jangka panjang Indonesian Government bonds that are
dalam mata uang yang sama dengan mata uang denominated in the currency in which the
imbalan yang akan dibayarkan dan waktu jatuh benefits will be paid, and that have terms to
tempo yang kurang lebih sama dengan waktu maturity approximating the terms of the related
jatuh tempo imbalan yang bersangkutan. pension liability.
Seluruh biaya jasa lalu diakui pada saat yang All past service costs are recognized at the
lebih dulu antara ketika amandemen/kurtailmen earlier of when the amendment/curtailment
terjadi atau ketika biaya restrukturisasi atau occurs and when the related restructuring or
pemutusan hubungan kerja diakui. termination costs are recognized.
Bunga neto atas imbalan pasti neto merupakan Net interest on the net defined benefit liabilities
komponen pendapatan bunga dari aset program, is the interest income component of plan
biaya bunga atas liabilitas imbalan pasti dan assets, interest expense of defined benefit
bunga atas dampak batas atas dari aset. obligation and interest on the effect of asset
ceiling.
Pengukuran kembali liabilitas imbalan pasti neto Remeasurements of the net defined benefit
terdiri atas: obligation consists of:
- keuntungan dan kerugian aktuarial - actuarial gains and losses
- imbal hasil atas aset program, tidak termasuk - return on plan assets, excluding amount
jumlah yang dimasukkan dalam bunga neto included in net interest on the net defined
atas liabilitas imbalan pasti neto benefit obligation
- setiap perubahan dampak batas atas aset, - any change in effect of the asset ceiling,
tidak termasuk jumlah yang dimasukkan excluding amount included in net interest on
dalam bunga neto atas liabilitas imbalan pasti the net defined benefit obligation.
neto.
35
Page 370
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
n. Imbalan kerja (lanjutan) n. Employee benefits (continued)
Pesangon pemutusan hubungan kerja Termination benefits
Pesangon pemutusan hubungan kerja terutang Termination benefits are payable whenever an
ketika karyawan dihentikan kontrak kerjanya employee’s employment is terminated before
sebelum usia pensiun normal. Perseroan the normal retirement date. The Company
mengakui pesangon pemutusan hubungan kerja recognizes termination benefits when it is
ketika Perseroan menunjukkan komitmennya demonstrably committed to terminate the
untuk memutuskan hubungan kerja dengan employment of current employees according to
karyawan berdasarkan suatu rencana formal a detailed formal plan and the possibility to
terperinci yang kecil kemungkinannya untuk withdraw the plan is low. Benefits falling due
dibatalkan. Pesangon yang akan dibayarkan more than 12 months after statement of
dalam waktu lebih dari 12 bulan setelah tanggal financial position date are discounted to reflect
laporan posisi keuangan didiskontokan untuk its present value.
mencerminkan nilai kini.
o. Saham o. Share capital
Saham biasa diklasifikasikan sebagai ekuitas. Ordinary shares are classified as equity.
p. Dividen p. Dividends
Pembagian dividen final diakui sebagai liabilitas Final dividend distributions are recognized as
dalam laporan keuangan pada tanggal dividen a liability in the financial statements at the date
tersebut disetujui Rapat Umum Pemegang when the dividends are approved in the
Saham Perseroan. Company’s General Meeting of Shareholders.
q. Laba per saham q. Earnings per share
Laba per saham dihitung dengan membagi laba Earnings per share is calculated by dividing
tahun berjalan dengan jumlah rata-rata income for the year by the weighted average
tertimbang saham biasa yang beredar pada number of ordinary shares outstanding during
tahun yang bersangkutan. the year.
r. Surat berharga yang diterbitkan r. Securities issued
Surat berharga yang diterbitkan meliputi Securities issued consist of Medium-Term
Medium-Term Notes dan utang obligasi. Surat Notes and bonds payable. Securities issued
berharga yang diterbitkan diklasifikasikan are classified as financial liabilities at
sebagai liabilitas keuangan yang diukur dengan amortized cost. Incremental costs directly
biaya perolehan diamortisasi. Biaya tambahan attributable to the issuance of securities are
yang dapat diatribusikan secara langsung deducted from the amount of securities issued
dengan penerbitan surat berharga dikurangkan and amortized over the period of the securities
dari jumlah surat berharga yang diterbitkan dan issued using the effective interest rate method.
diamortisasi selama jangka waktu surat berharga Refer to Note 2c for the accounting policy of
yang diterbitkan tersebut dengan menggunakan financial liabilities at amortized cost.
metode suku bunga efektif. Lihat Catatan 2c
untuk kebijakan akuntansi atas liabilitas
keuangan yang diukur dengan biaya perolehan
diamortisasi.
36
Page 371
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
s. Transaksi dengan pihak-pihak berelasi s. Transactions with related parties
Perseroan mempunyai transaksi dengan pihak The Company has transactions with related
berelasi. Definisi pihak berelasi yang dipakai parties. The definition of related parties used is
adalah sebagai berikut: as follows:
Suatu pihak dianggap berelasi dengan The Company considers the following as its
Perseroan jika: related parties:
a. orang atau anggota keluarga dekatnya a. a person or a close member of that
mempunyai relasi dengan entitas pelapor person’s family is related to a reporting
jika orang tersebut: entity if that person:
(i) memiliki pengendalian atau (i) has control or joint control of the
pengendalian bersama atas entitas reporting entity;
pelapor;
(ii) memiliki pengaruh signifikan atas (ii) has significant influence over the
entitas pelapor; atau reporting entity; or
(iii) merupakan personil manajemen kunci (iii) is a member of the key management
entitas pelapor atau entitas induk dari personnel of the reporting entity or of
entitas pelapor. a parent of the reporting entity.
b. suatu entitas berelasi dengan entitas pelapor b. an entity is related to a reporting entity if
jika memenuhi salah satu hal berikut: any of the following conditions applies:
(i) entitas dan entitas pelapor adalah (i) the entity and the reporting entity are
anggota dari kelompok usaha yang members of the same group (which
sama (artinya entitas induk, entitas means that each parent, subsidiary
anak, dan entitas anak berikutnya and fellow subsidiary is related to the
saling berelasi dengan entitas lainnya). others).
(ii) satu entitas adalah entitas asosiasi atau (ii) one entity is an associate or joint
ventura bersama dari entitas lain (atau venture of the other entity (or an
entitas asosiasi atau ventura bersama associate or joint venture of a
yang merupakan anggota suatu member of a group of which the other
kelompok usaha, yang mana entitas entity is a member).
lain tersebut adalah anggotanya).
(iii) kedua entitas tersebut adalah ventura (iii) both entities are joint ventures of the
bersama dari pihak ketiga yang sama. same third party.
(iv) satu entitas adalah ventura bersama (iv) one entity is a joint venture of a third
dari entitas ketiga dan entitas yang lain entity and the other entity is an
adalah entitas asosiasi dari entitas associate of the third entity.
ketiga.
(v) entitas tersebut adalah suatu program (v) the entity is a post-employment
imbalan pascakerja untuk imbalan kerja benefit plan for the benefit of
dari salah satu entitas pelapor atau employees of either the reporting
entitas yang terkait dengan entitas entity or an entity related to the
pelapor. Jika entitas pelapor adalah reporting entity. If the reporting entity
entitas yang menyelenggarakan is itself such a plan, the sponsoring
program tersebut, maka entitas sponsor employers are also related to the
juga berelasi dengan entitas pelapor. reporting entity.
(vi) entitas yang dikendalikan atau (vi) the entity is controlled or jointly
dikendalikan bersama oleh orang yang controlled by a person identified in
diidentifikasi dalam huruf (a). (a).
(vii) orang yang diidentifikasi dalam huruf (vii) a person identified in (a)(i) has
(a)(i) memiliki pengaruh signifikan atas significant influence over the entity or
entitas atau merupakan personil is a member of the key management
manajemen kunci entitas (atau entitas personnel of the entity (or of a parent
induk dari entitas). of the entity).
Seluruh transaksi material dengan pihak-pihak All material transactions with related parties
berelasi telah diungkapkan di catatan atas are disclosed in the notes to the financial
laporan keuangan. statements.
37
Page 372
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
t. Instrumen keuangan derivatif t. Derivative financial instruments
Instrumen derivatif diakui pertama-tama pada Derivative instruments are initially recognized
nilai wajar pada saat kontrak tersebut dilakukan, at fair value on the date the contracts are
dan selanjutnya diukur pada nilai wajarnya. entered into and are subsequently re-
Derivatif dicatat sebagai aset apabila memiliki measured at their fair values. Derivatives are
nilai wajar positif dan sebagai liabilitas apabila carried as assets when the fair value is positive
memiliki nilai wajar negatif. and as liabilities when the fair value is
negative.
Metode pengakuan keuntungan atau kerugian The method of recognizing the fair value gain
dari perubahan nilai wajar tergantung pada or loss depends on whether the derivative is
apakah derivatif tersebut adalah instrumen designated as a hedging instrument and, if so,
lindung nilai, dan sifat dari unsur yang dilindungi the nature of the item being hedged.
nilainya.
Perseroan menggunakan instrumen keuangan The Company uses derivative instruments,
derivatif, pertukaran (swap) mata uang asing dan cross currency and interest rate swaps as part
tingkat suku bunga, sebagai bagian dari aktivitas of its management activities to manage risks of
manajemen untuk melindungi dampak risiko foreign currency and interest rate on the
mata uang asing dan tingkat suku bunga atas Company’s bank loan. The Company applies
pinjaman Perseroan. Perseroan menerapkan cash flow hedge accounting when transactions
akuntansi lindung nilai arus kas pada saat meet the specified criteria for hedge
transaksi tersebut memenuhi kriteria perlakuan accounting treatment.
akuntansi lindung nilai.
Pada saat terjadinya transaksi, Perseroan The Company documents, at the inception of
membuat dokumentasi mengenai hubungan the transaction, the relationship between
antara instrumen lindung nilai dan unsur yang hedging instruments and hedged items, as well
dilindungi nilainya, juga tujuan manajemen risiko as its risk management objective and strategy
dan strategi yang diterapkan dalam melakukan for undertaking hedge transactions. This
transaksi lindung nilai. Proses dokumentasi ini process includes linking all derivatives
menghubungkan derivatif yang ditujukan designated as hedges to specific assets and
sebagai lindung nilai dengan aset dan liabilitas liabilities or to specific firm commitments or
tertentu atau dengan komitmen penuh tertentu forecast transactions.
atau transaksi yang diperkirakan.
Pada saat terjadinya transaksi lindung nilai dan The Company also documents its assessment,
pada periode berikutnya, Perseroan juga both at the hedge inception and on an ongoing
membuat dokumentasi atas penilaian apakah basis, as to whether the derivatives that are
derivatif yang digunakan sebagai transaksi used in hedging transactions are highly
lindung nilai memiliki efektivitas yang tinggi effective in offsetting changes in fair values or
dalam menandingi (offsetting) perubahan nilai cash flows of hedged items.
wajar atau arus kas dari unsur yang dilindungi
nilainya.
38
Page 373
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
t. Instrumen keuangan derivatif (lanjutan) t. Derivative financial instruments
(continued)
Hubungan lindung nilai memenuhi syarat untuk A hedging relationship qualifies for hedge
akuntansi lindung nilai jika memenuhi semua accounting if it meets all of the following
persyaratan efektivitas berikut: effectiveness requirements:
Ada 'hubungan ekonomik' antara item There is ‘an economic relationship’
lindung nilai dan instrumen lindung nilai. between the hedged item and the hedging
instrument.
Pengaruh risiko kredit tidak 'mendominasi The effect of credit risk does not ‘dominate
perubahan nilai' yang dihasilkan dari the value changes’ that result from that
hubungan ekonomik tersebut. economic relationship.
Rasio lindung nilai dari hubungan lindung The hedge ratio of the hedging
nilai adalah rasio yang sama yang relationship is the same as that resulting
dihasilkan dari kuantitas item lindung nilaian from the quantity of the hedged item that
yang aktual digunakan oleh Perseroan
the Company actually hedges and the
melindungi nilai sejumlah kuantitas
instrumen lindung nilaian yang secara quantity of the hedging instrument that the
aktual digunakan oleh Perseroan untuk Company actually uses to hedge that
melindungi sejumlah kuantitas item lindung quantity of hedged item.
nilaian.
Bagian yang efektif atas perubahan nilai wajar The effective portion of changes in the fair
derivatif yang ditujukan dan memenuhi kualifikasi value of derivatives that are designated and
sebagai lindung nilai arus kas, diakui sebagai qualified as cash flow hedges are recognized
“penghasilan komprehensif lain” pada bagian in “other comprehensive income” and reported
ekuitas. Keuntungan atau kerugian atas bagian to equity. The gain or loss relating to the
yang tidak efektif diakui langsung sebagai laba ineffective portion is recognized immediately in
atau rugi. Jumlah akumulasi keuntungan atau profit or loss. Amounts accumulated in equity
kerugian dalam ekuitas dibebankan sebagai laba are recycled to profit or loss in the periods in
atau rugi komprehensif ketika unsur yang which the hedged item will affect net profit.
dilindungi nilainya mempengaruhi laba neto.
Ketika instrumen lindung nilai kadaluwarsa atau When the hedging instrument expires or is
dijual, dihentikan, dilaksanakan, atau tidak lagi sold, terminated, exercised or no longer
memenuhi kriteria akuntansi lindung nilai, qualifies for hedge accounting, the cumulative
keuntungan atau kerugian kumulatif yang amount deferred in equity remains in the “other
ditangguhkan di ekuitas tetap diakui pada comprehensive income” and is subsequently
“penghasilan komprehensif lain” dan transferred to profit or loss when the hedged
direklasifikasi ke laba rugi ketika item yang item is recognized in the statement of profit or
dilindungi nilai diakui dalam laporan laba rugi dan loss and other comprehensive income.
penghasilan komprehensif lain.
u. Pengakuan pendapatan dan beban u. Income and expense recognition
Pendapatan dari pembiayaan konsumen, sewa Income from consumer financing, finance
pembiayaan, anjak piutang, komisi asuransi, lease, factoring, insurance commission,
biaya jasa perantara asuransi, dan pendapatan insurance brokerage fee, and administration
administrasi dari pembiayaan bersama serta income from joint financing and expense for all
beban bunga untuk semua instrumen keuangan interest bearing financial instruments are
dengan interest bearing diakui sesuai dengan recognized over the term of the respective
jangka waktu kontrak berdasarkan metode suku contracts using the effective interest rate
bunga efektif. method.
39
Page 374
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
u. Pengakuan pendapatan dan beban (lanjutan) u. Income and expense recognition
(continued)
Metode suku bunga efektif adalah metode yang The effective interest method is a method of
digunakan untuk menghitung biaya perolehan calculating the amortized cost of a financial
diamortisasi dari aset keuangan atau liabilitas asset or a financial liability and of allocating the
keuangan dan metode untuk mengalokasikan interest income or interest expense over the
pendapatan bunga atau beban bunga selama relevant period. The effective interest rate is
periode yang relevan. Suku bunga efektif adalah the rate that exactly discounts estimated future
suku bunga yang secara tepat mendiskontokan cash payments or receipts through the
estimasi pembayaran atau penerimaan kas di expected life of the financial instrument or,
masa datang selama perkiraan umur dari when appropriate, a shorter period to the net
instrumen keuangan, atau jika lebih tepat, carrying amount of the financial asset or
digunakan periode yang lebih singkat untuk financial liability.
memperoleh nilai tercatat bersih dari aset
keuangan atau liabilitas keuangan.
Pada saat menghitung suku bunga efektif, When calculating the effective interest rate, the
Perseroan mengestimasi arus kas dengan Company estimates cash flows considering all
mempertimbangkan seluruh persyaratan contractual terms of the financial instruments
kontraktual dalam instrumen keuangan tersebut, but does not consider future credit losses.
namun tidak mempertimbangkan kerugian kredit These calculations include transaction costs
di masa datang. Perhitungan ini mencakup biaya and administration income.
transaksi dan pendapatan administrasi.
Pendapatan bunga bank dan denda The bank’s interest income and late payment
keterlambatan pembayaran diakui pada saat penalties are recognized upon receipt. Interest
terjadinya. Pendapatan bunga bank disajikan income is presented on a gross basis in the
secara bruto pada laporan laba rugi dan statement of profit or loss and other
penghasilan komprehensif lain. comprehensive income.
Pendapatan dan beban lain diakui pada saat Other Income and expense are recognized as
terjadinya, menggunakan dasar akrual. incurred on an accrual basis.
v. Segmen Operasi v. Operating Segment
Segmen operasi adalah suatu komponen dari An operating segment is a component of an
entitas: entity:
i. yang terlibat dalam aktivitas bisnis yang i. that engages with business activities to
memperoleh pendapatan dan menimbulkan generate income and expenses (including
beban (termasuk pendapatan dan beban income and expenses relating to the
yang terkait dengan transaksi dengan transactions with other components with the
komponen lain dari entitas yang sama); same entity);
ii. yang hasil operasinya dikaji ulang secara ii. whose operating results are observed
berkala oleh kepala operasional untuk regularly by the chief decision maker to
pembuatan keputusan tentang sumber daya make decisions regarding the allocation of
yang dialokasikan pada segmen tersebut dan resources and to evaluate the works; and,
menilai kinerjanya; dan,
iii. yang tersedia informasi keuangan yang dapat iii. for which separate financial information is
dipisahkan. available.
Perseroan menyajikan segmen operasi The Company presents operating segments
berdasarkan informasi yang disiapkan secara based on the information that is internally
internal untuk pengambil keputusan operasional. provided to the chief operating decision maker.
Pengambil keputusan operasional Perseroan The Company’s chief operating decision
adalah Direksi. makers are the Directors.
40
Page 375
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
v. Segmen Operasi (lanjutan) v. Operating Segment (continued)
Segmen operasi Perseroan disajikan The Company discloses the operating
berdasarkan segmen usaha yang terdiri dari segment and presents based on business
Fleet dan ritel (lihat Catatan 30). segment which consists of Fleet and Retail
(refer to Note 30).
w. Perubahan kebijakan akuntansi dan w. Changes in accounting policies and
pengungkapan disclosures
Perseroan telah menerapkan standar akuntansi The Company adopted the following
berikut pada tanggal 1 Januari 2024 yang accounting standards, which are considered
dianggap relevan: relevant, starting on 1 January 2024:
Pilar Standar Akuntansi Keuangan Financial Accounting Standards Pillars
Standar ini memberikan persyaratan dan These standards provides requirements and
pedoman bagi entitas untuk menerapkan standar guidelines for entities to apply the correct
akuntansi keuangan yang benar dalam financial accounting standards in preparing
menyusun laporan keuangan bertujuan umum. general purpose financial statements. There
Akan ada 4 (empat) standar akuntansi keuangan will be 4 (four) financial accounting standards
yang saat ini diterapkan di Indonesia, yaitu: that are currently applied in Indonesia, namely:
1. Pilar 1 Standar Akuntansi Keuangan 1. Pillar 1 International Financial Accounting
Internasional, Standards,
2. Pilar 2 Standar Akuntansi Keuangan 2. Pillar 2 Indonesian Financial Accounting
Indonesia (PSAK), Standards (PSAK),
3. Pilar 3 Standar Akuntansi Keuangan 3. Pillar 3 Indonesian Financial Accounting
Indonesia untuk Entitas Swasta/Standar Standards for Private Entities/Indonesian
Akuntansi Keuangan Indonesia untuk Financial Accounting Standards for
Entitas Tanpa Akuntabilitas Publik, dan Entities without Public Accountability, and
4. Pilar 4 Standar Akuntansi Keuangan 4. Pillar 4 Indonesian Financial Accounting
Indonesia untuk Entitas Mikro Kecil dan Standards for Micro Small and Medium
Menengah. Entities.
Standar Akuntansi Keuangan Internasional International Financial Accounting Standard
Standar ini merupakan adopsi penuh dari This standard is a full-adoption of International
International Financial Reporting Standards Financial Reporting Standards (“IFRS”) which
(“IFRS”) yang diterjemahkan kata demi kata dan is translated in a word-for-word basis and there
tidak ada modifikasi dari Standar IFRS, termasuk is no modifications from IFRS Standards,
tanggal efektifnya. Entitas yang memenuhi including the effective date. Entities that meet
persyaratan dapat menerapkan standar ini, sejak the requirements can apply this standard, from
tanggal efektif. the effective date.
Nomenklatur Standar Akuntansi Keuangan Financial Accounting Standards Nomenclature
Standar ini ini mengatur penomoran baru untuk This standard regulates the new numbering for
standar akuntansi keuangan yang berlaku di financial accounting standards applicable in
Indonesia yang diterbitkan oleh DSAK IAI. Indonesia issued by DSAK IAI.
41
Page 376
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY
(lanjutan) INFORMATION (continued)
w. Perubahan kebijakan akuntansi dan w. Changes in accounting policies and
pengungkapan (lanjutan) disclosures (continued)
Amandemen PSAK 116: Liabilitas Sewa dalam Amendment of PSAK 116: Lease liability in a
Jual Beli dan Sewa-balik Sale and Leaseback
Amandemen PSAK 116 Sewa menetapkan The amendment to PSAK 116 Leases specifies
persyaratan yang digunakan penjual-penyewa the requirements that a seller-lessee uses in
dalam mengukur kewajiban sewa yang timbul measuring the lease liability arising in a sale and
dalam transaksi jual beli dan sewa-balik, untuk leaseback transaction, to ensure the seller-
memastikan penjual-penyewa tidak mengakui lessee does not recognise any amount of the
jumlah setiap keuntungan atau kerugian yang gain or loss that relates to the right of use it
terkait dengan hak guna yang dipertahankan. retains. The amendment applies retrospectively
Amandemen berlaku secara retrospektif untuk to annual reporting periods beginning on or after
periode pelaporan tahunan yang dimulai pada 1 January 2024. Earlier application is permitted.
atau setelah 1 Januari 2024. Penerapan dini
diperkenankan.
Amandemen PSAK 207 dan PSAK 107: Amendment of PSAK 207 and PSAK 107:
Pengaturan Pembiayaan Pemasok Supplier Finance Arrangements
Amandemen PSAK 2 dan PSAK 60 The amendments to PSAK 2 and PSAK 60
mengklarifikasi karakteristik pengaturan clarify the characteristics of supplier finance
pembiayaan pemasok dan mensyaratkan arrangements and require additional disclosure
pengungkapan tambahan atas pengaturan of such arrangements. The disclosure
pembiayaan pemasok tersebut. Persyaratan requirements in the amendments are intended
pengungkapan dalam amandemen ini to assist users of financial statements in
dimaksudkan untuk membantu pengguna understanding the effects of supplier finance
laporan keuangan dalam memahami dampak arrangements on an entity’s liabilities, cash
pengaturan pembiayaan pemasok terhadap flows and exposure to liquidity risk.
liabilitas, arus kas, dan eksposur terhadap risiko
likuiditas suatu entitas.
Amandemen ini akan berlaku efektif untuk The amendments will be effective for annual
periode pelaporan tahunan yang dimulai pada reporting periods beginning on or after
atau setelah 1 Januari 2024. Penerapan dini 1 January 2024. Early adoption is permitted, but
diperkenankan, namun perlu diungkapkan. will need to be disclosed.
Perseroan telah menganalisa penerapan The Company has assessed that the adoption of
standar akuntansi di atas dan tidak memiliki the above mentioned accounting standards
pengaruh yang signifikan terhadap laporan does not have significant impact to the financial
keuangan. statements.
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
AKUNTANSI YANG SIGNIFIKAN ESTIMATES AND ASSUMPTIONS
Penyusunan laporan keuangan Perseroan The preparation of the Company’s financial
mengharuskan manajemen untuk membuat statements requires management to make
pertimbangan, estimasi dan asumsi yang judgments, estimates and assumptions that affect
mempengaruhi jumlah yang dilaporkan atas the reported amounts of revenues, expenses,
pendapatan, beban, aset dan liabilitas dan assets and liabilities, and the disclosure of
pengungkapan atas liabilitas kontinjensi, pada akhir contingent liabilities, at the end of the reporting
periode pelaporan. period.
Ketidakpastian mengenai asumsi dan estimasi Uncertainty about these assumptions and
tersebut dapat mengakibatkan penyesuaian material estimates could result in outcomes that require a
terhadap nilai tercatat aset dan liabilitas dalam material adjustment to the carrying amount of the
periode pelaporan berikutnya. asset and liability affected in future periods.
42
Page 377
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan Judgements
Pertimbangan berikut ini dibuat oleh manajemen The following judgements are made by
dalam rangka penerapan kebijakan akuntansi management in the process of applying the
Perseroan yang memiliki pengaruh paling signifikan Company’s accounting policies that have the most
atas jumlah yang diakui dalam laporan keuangan: significant effects on the amounts recognized in the
financial statements:
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and financial
liabilities
Aset keuangan dan liabilitas keuangan diakui sesuai Financial assets and financial liabilities are
dengan kebijakan akuntansi seperti yang accounted for in accordance with the accounting
diungkapkan pada Catatan 2c. policies as disclosed in Note 2c.
Usaha yang berkelanjutan Going Concern
Manajemen Perseroan telah melakukan penilaian The Company’s management has made an
atas kemampuan Perseroan untuk melanjutkan assessment of the Company’s ability to continue as
kelangsungan usahanya dan berkeyakinan bahwa a going concern and is satisfied that the Company
Perseroan memiliki sumber daya untuk melanjutkan has the resources to continue its business for the
usahanya di masa mendatang. Selain itu, foreseeable future. Furthermore, the management
manajemen tidak mengetahui adanya ketidakpastian is not aware of any material uncertainties that may
material yang dapat menimbulkan keraguan yang cast significant doubt upon the Company’s ability to
signifikan terhadap kemampuan Perseroan untuk continue as a going concern. Therefore, the
melanjutkan kelangsungan usahanya. Oleh karena financial statements continue to be prepared on the
itu, laporan keuangan telah disusun atas dasar usaha going concern basis.
yang berkelanjutan.
Estimasi dan Asumsi Estimates and Assumptions
a. Cadangan kerugian penurunan nilai a. Allowance for impairment losses
PSAK 109 mensyaratkan penyertaan informasi SFAS 109 requires inclusion of information
tentang kejadian masa lalu, kondisi saat ini dan about past events, current conditions and
perkiraan kondisi ekonomi masa depan. forecasts of future economic conditions. The
Perkiraan perubahan dalam kerugian kredit yang estimates of changes in expected credit losses
diharapkan harus mencerminkan, dan secara should reflect, and be directionally consistent
langsung konsisten dengan, perubahan dalam with, changes in related observable data from
data terkait yang diobservasi dari periode ke period to period. The calculation of collective
periode. Perhitungan kerugian kredit expected credit losses of financial assets
ekspektasian secara kolektif atas aset keuangan requires estimation of forward looking
membutuhkan estimasi forward looking dari Probability of Default (PD), Loss Given Default
Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) (refer to
(LGD) dan Exposure at Default (EAD) (lihat Note 2c).
Catatan 2c).
b. Imbalan kerja b. Post-employment benefits
Perhitungan aktuaria menggunakan asumsi- The actuarial valuation involves making
asumsi seperti tingkat diskonto, tingkat assumptions about discount rate, expected
pengembalian investasi, tingkat kenaikan gaji, rate of return, on investments, future salary
tingkat kematian, tingkat pengunduran diri dan increases, mortality rate, resignation rate and
lain-lain. Perubahan asumsi ini akan others. Any changes in these assumptions will
mempengaruhi jumlah tercatat liabilitas imbalan impact the carrying amount of employee
kerja (lihat Catatan 2n). benefits obligations (refer to Note 2n).
43
Page 378
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
c. Penyusutan dan estimasi umur manfaat aset c. Depreciation and estimated useful lives of
tetap fixed assets
Biaya perolehan aset tetap disusutkan dengan The costs of fixed assets are depreciated on a
menggunakan metode garis lurus berdasarkan straight-line method over their estimated useful
estimasi masa manfaat ekonomisnya. lives. Management properly estimates the
Manajemen mengestimasi masa manfaat useful lives of these fixed assets as disclosed
ekonomis aset tetap seperti diungkapkan pada in Note 2l. These are common life
Catatan 2l. Ini adalah umur yang secara umum expectancies applied in the industries where
diharapkan dalam industri dimana Perseroan the Company conducts its businesses.
menjalankan bisnisnya. Perubahan tingkat Changes in the expected level of usage and
pemakaian dan perkembangan teknologi dapat technological development could impact the
mempengaruhi masa manfaat ekonomis dan economic useful lives and the residual values
nilai sisa aset, dan karenanya biaya penyusutan of these assets, and therefore future
masa depan mungkin direvisi. depreciation charges could be revised.
d. Pajak penghasilan d. Income tax
Pertimbangan signifikan dilakukan dalam Significant judgment is involved in determining
menentukan provisi atas pajak penghasilan provision for corporate income tax. There are
badan. Terdapat transaksi dan perhitungan certain transaction and computation for which
tertentu yang penentuan pajak akhirnya adalah the ultimate tax determination is uncertain
tidak pasti sepanjang kegiatan usaha normal. during the ordinary course of business. The
Perseroan mengakui liabilitas atas pajak Company recognizes liabilities for expected
penghasilan badan berdasarkan estimasi corporate income tax issues based on
apakah terdapat tambahan pajak penghasilan estimates of whether additional corporate
badan. income tax will be due.
e. Pajak tangguhan e. Deferred tax assets
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognized for the
penghasilan terpulihkan (recoverable) pada future recoverable taxable income arising from
periode mendatang sebagai akibat perbedaan temporary difference.
temporer yang boleh dikurangkan.
Justifikasi manajemen diperlukan untuk Management judgment is required to
menentukan jumlah aset pajak tangguhan yang determine the amount of deferred tax assets
dapat diakui, sesuai dengan waktu yang tepat that can be recognized, based upon the likely
dan tingkat laba fiskal di masa mendatang timing or level of future taxable profits together
sejalan dengan strategi rencana perpajakan ke with future strategic planning (Note 2m).
depan (Catatan 2m).
f. Nilai wajar instrumen keuangan f. Fair values of financial instruments
Dalam menentukan nilai wajar aset keuangan In determining the fair value for financial assets
dan liabilitas yang tidak mempunyai harga pasar, and financial liabilities for which there is no
Perseroan menggunakan teknik penilaian observable market price, the Company uses
seperti yang dijelaskan dalam Catatan 2c. Untuk the valuation techniques as described in
instrumen keuangan yang jarang Note 2c. For financial instruments that are
diperdagangkan dan memiliki informasi harga traded infrequently and a lack of price
yang terbatas, nilai wajar menjadi kurang objektif transparency, fair value is less objective and
dan membutuhkan berbagai tingkat penilaian requires varying degrees of judgement
tergantung pada likuiditas, konsentrasi, faktor depending on liquidity, concentration,
ketidakpastian pasar, asumsi harga dan risiko uncertainty of market factors, pricing
lainnya. assumptions and other risks affecting the
specific instrument.
44
Page 379
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGEMENTS,
AKUNTANSI YANG SIGNIFIKAN ESTIMATES AND ASSUMPTIONS
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
f. Nilai wajar instrumen keuangan (lanjutan) f. Fair values of financial instruments
(continued)
Masukan (input) untuk model ini berasal dari The input for this model comes from
data pasar yang bisa diamati. Bila data pasar observable market data. When observable
yang bisa diamati tersebut tidak tersedia, market data is not available, management
manajemen mempertimbangkan masukan dan considers necessary inputs and assumptions
asumsi diperlukan untuk menentukan nilai wajar. to determine the fair value. The above
Pertimbangan tersebut mencakup feedback considerations include liquidity and volatility
model atas likuiditas volatilitas untuk transaksi feedback model for derivative transactions and
derivatif dan tingkat diskonto yang berjangka long term discount rate, the level of early
waktu panjang, tingkat pelunasan dipercepat dan payment and the level of default assumption.
asumsi tingkat gagal bayar.
g. Penetapan masa sewa untuk kontrak sewa g. Determination of the lease term for lease
dengan opsi pembaruan dan penghentian contracts with renewal and termination
(Perseroan sebagai penyewa) options (The Company as a lessee)
Perseroan menentukan masa sewa sebagai The Company determines the lease term as
periode sewa yang tidak dapat dibatalkan, serta the noncancellable term of the lease, together
periode yang dicakup oleh opsi untuk with any periods covered by an option to
memperpanjang sewa, jika penyewa cukup pasti extend the lease if it is reasonably certain to be
untuk mengeksekusi opsi tersebut, dan periode exercised, or any periods covered by an option
yang dicakup oleh opsi untuk menghentikan to terminate the lease, if it is reasonably certain
sewa, jika penyewa cukup pasti untuk tidak not to be exercised.
mengeksekusi opsi tersebut.
Perseroan memiliki beberapa kontrak sewa The Company has several lease contracts that
dengan opsi perpanjangan dan opsi include extension and termination options. The
penghentian. Perseroan menerapkan Company applies judgement in evaluating
pertimbangan dalam mengevaluasi apakah whether it is reasonably certain whether or not
penyewa cukup pasti untuk mengeksekusi opsi to exercise the option to renew or terminate the
pembaruan atau penghentian sewa tersebut. lease. That is, it considers all relevant factors
Perseroan mempertimbangkan semua faktor- that create an economic incentive for it to
faktor relevan yang menciptakan insentif exercise either the renewal or termination.
ekonomi jika Perseroan mengeksekusi opsi After the commencement date, the Company
pembaruan atau penghentian tersebut. Setelah reassesses the lease term if there is a
dimulainya masa sewa, Perseroan menilai significant event or change in circumstances
kembali masa sewa jika terdapat peristiwa atau that is within its control that affects its ability to
perubahan signifikan pada lingkungan dalam exercise or not to exercise the option to renew
kendalinya yang mempengaruhi kemampuan or to terminate (e.g., construction of significant
Perseroan untuk mengeksekusi atau tidak leasehold improvements or significant
mengeksekusi opsi pembaruan atau customisation of the leased asset).
penghentian sewa (misalnya, konstruksi dari
pengembangan prasarana yang signifikan atau
penyesuaian signifikan dari aset sewa).
45
Page 380
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
31 Desember/ 31 Desember/
December 2024 December 2023
Kas 7.999 18.194 Cash on hand
Kas pada bank Cash in banks
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Central Asia Tbk 806 1.138 PT Bank Central Asia Tbk
PT Bank Permata Tbk 56 56 PT Bank Permata Tbk
PT Bank Pan Indonesia Tbk 30 22 PT Bank Pan Indonesia Tbk
PT Bank OCBC NISP Tbk 22 31 PT Bank OCBC NISP Tbk
PT China Construction Bank PT China Construction Bank
Indonesia Tbk 19 19 Indonesia Tbk
PT Bank Danamon Indonesia Tbk 18 18 PT Bank Danamon Indonesia Tbk
PT Bank DKI 18 18 PT Bank DKI
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk 18 18 Jawa Barat and Banten Tbk
PT Bank SMBC Indonesia Tbk PT Bank SMBC Indonesia Tbk
(dahulu PT Bank BTPN tbk) 17 17 (formerly PT Bank BTPN tbk)
PT Bank Oke Indonesia Tbk 17 15 PT Bank Oke Indonesia Tbk
PT Bank of India Indonesia Tbk 17 5 PT Bank of India Indonesia Tbk
PT Bank Maspion Indonesia Tbk 17 2 PT Bank Maspion Indonesia Tbk
PT Bank UOB Indonesia 16 17 PT Bank UOB Indonesia
PT Bank KEB Hana Indonesia 16 16 PT Bank KEB Hana Indonesia
MUFG Bank, Ltd., Cabang Jakarta 16 15 MUFG Bank, Ltd.,Jakarta Branch
PT Bank QNB Indonesia Tbk 16 14 PT Bank QNB Indonesia Tbk
PT Bank Mizuho Indonesia 16 14 PT Bank Mizuho Indonesia
PT Bank Maybank Indonesia Tbk 16 5 PT Bank Maybank Indonesia Tbk
PT Bank CIMB Niaga Tbk 15 16 PT Bank CIMB Niaga Tbk
PT Bank DBS Indonesia 15 - PT Bank DBS Indonesia
PT Bank ANZ Indonesia 10 10 PT Bank ANZ Indonesia
PT Bank HSBC Indonesia 9 11 PT Bank HSBC Indonesia
PT Bank CTBC Indonesia 9 18 PT Bank CTBC Indonesia
1.209 1.495
Pihak berelasi Related parties
Rupiah Rupiah
PT Bank Mandiri (Persero) Tbk 1.232.725 781.632 PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 205 798 (Persero) Tbk
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 16 15 (Persero) Tbk
PT Bank Mandiri Taspen 6 6 PT Bank Mandiri Taspen
1.232.952 782.451
Deposito berjangka Time deposits
Pihak Berelasi Related Parties
Rupiah Rupiah
PT Bank Mandiri Taspen 50.000 50.000 PT Bank Mandiri Taspen
1.292.160 852.140
46
Page 381
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
Jangka waktu deposito berjangka yang dimiliki oleh The period of time deposits held by the Company is
Perseroan adalah satu bulan. one month.
Tingkat suku bunga deposito berjangka dan giro The interest rates for time deposits and current
dalam mata uang Rupiah pada tanggal 31 Desember accounts as of 31 December 2024 and 2023, are as
2024 dan 2023, berkisar sebagai berikut: follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Deposito 5,50% 5,50% Time deposits
Giro 0,00% - 2,75% 0,00% - 3,00% Current accounts
Penempatan deposito pada PT Bank Mandiri Taspen Placement of time deposit at PT Bank Mandiri
sebesar Rp50.000 adalah penempatan atas dana Taspen amounting to Rp50,000 represents the
hasil usaha yang berasal dari laba neto Perseroan placement of the funds derived from the Company’s
seperti yang dipersyaratkan oleh Undang-Undang net income as required by Law No. 40 article
No. 40 pasal 70 tentang “Perseroan Terbatas” yaitu 70 concerning “Limited Liability Companies”
kewajiban Perseroan untuk melakukan pencadangan whereby the Company shall make a reserve up to a
hingga mencapai paling sedikit 20% dari modal least 20% of the issued and fully paid up capital.
ditempatkan dan disetor penuh.
Lihat Catatan 26a untuk rincian saldo dan transaksi Refer to Note 26a for details of balances and
dengan pihak berelasi. transaction with related parties.
5. PIUTANG PEMBIAYAAN KONSUMEN 5. CONSUMER FINANCING RECEIVABLES
31 Desember/ 31 Desember/
December 2024 December 2023
Piutang pembiayaan konsumen - bruto 64.807.461 56.405.366 Consumer financing receivables - gross
Dikurangi: Less:
Pembiayaan bersama - bruto: Joint financing - gross:
Rupiah Rupiah
Pihak berelasi (32.019.967) (28.507.211) Related parties
Piutang pembiayaan konsumen - bruto: Consumer financing receivables - gross:
Pembiayaan sendiri 32.787.494 27.898.155 Direct financing
Dikurangi: Less:
Pendapatan pembiayaan konsumen Unearned income
yang belum diakui on consumer financing
Rupiah Rupiah
Pihak ketiga (9.717.413) (8.824.691) Third parties
Dikurangi: Less:
Pendapatan yang belum diakui dari
pembiayaan bersama - bruto : Unearned joint financing - gross:
Rupiah Rupiah
Pihak berelasi 4.125.861 3.636.253 Related parties
Pendapatan pembiayaan Unearned income on consumer
konsumen yang belum diakui: financing:
Pembiayaan sendiri (5.591.552) (5.188.438) Direct financing
Piutang pembiayaan konsumen 27.195.942 22.709.717 Consumer finance receivables
Dikurangi: Less:
Cadangan kerugian penurunan nilai (476.763) (347.894) Allowance for impairment losses
Neto 26.719.179 22.361.823 Net
47
Page 382
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES
(continued)
Perubahan nilai tercatat piutang pembiayaan The changes in the carrying value of consumer
konsumen dengan klasifikasi diamortisasi financing receivables classified as amortized by
berdasarkan stage untuk tahun yang berakhir stage for the year ended 31 December 2024 and
31 Desember 2024 dan 2023, adalah sebagai berikut: 2023, are as follows:
31 Desember/December 2024
Stage 1 Stage 2 Stage 3 Total
Biaya perolehan diamortisasi Amortized cost
Saldo awal 22.178.620 353.641 177.456 22.709.717 Beginning balance
Pengalihan ke kerugian kredit ekspektasian Transfer to the 12-month expected
12 bulan (stage 1) 829.430 (728.475) (100.955) - credit loss (stage 1)
Pengalihan ke piutang yang tidak Transfer to receivables
mengalami penurunan nilai (stage 2) (2.619.261) 2.676.572 (57.311) - which are not impaired (stage 2)
Pengalihan ke piutang yang Transfer to receivables
mengalami penurunan nilai (stage 3) (409.107) (559.810) 968.917 - which are impaired (stage 3)
Total saldo awal setelah pengalihan 19.979.682 1.741.928 988.107 22.709.717 Total beginning balance after transfer
Pengukuran kembali bersih nilai tercatat (4.841.324) (23.207) (26.829) (4.891.360) Net remeasurement of carrying value
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 12.470.680 68.025 11.534 12.550.239 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (2.102.516) (304.674) (8.835) (2.416.025) Derecognized financial assets
Aset keuangan yang dihapusbuku (25.065) (151.446) (580.118) (756.629) Financial assets written-off
Total penambahan (penurunan) Total addition (deduction)
tahun berjalan 5.501.775 (411.302) (604.248) 4.486.225 during the year
Saldo akhir 25.481.457 1.330.626 383.859 27.195.942 Ending balance
31 Desember/December 2023
Stage 1 Stage 2 Stage 3 Total
Biaya perolehan diamortisasi
Amortized cost
Saldo awal 16.281.263 258.696 134.456 16.674.415 Beginning balance
Pengalihan ke kerugian kredit ekspektasian Transfer to the 12-month expected
12 bulan (stage 1) 193.259 (179.414) (13.845) - credit loss (stage 1)
Pengalihan ke piutang yang tidak Transfer to receivables
mengalami penurunan nilai (stage 2) (1.020.750) 1.042.845 (22.095) - which are not impaired (stage 2)
Pengalihan ke piutang yang Transfer to receivables
mengalami penurunan nilai (stage 3) (205.779) (404.511) 610.290 - which are impaired (stage 3)
Total saldo awal setelah pengalihan 15.247.993 717.616 708.806 16.674.415 Total beginning balance after transfer
Pengukuran kembali bersih nilai tercatat (2.333.566) (34.702) (22.403) (2.390.671) Net remeasurement of carrying value
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 11.186.822 56.859 651.388 11.895.069 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (1.910.284) (300.059) (546.989) (2.757.332) Derecognized financial assets
Aset keuangan yang dihapusbuku (12.345) (86.073) (613.346) (711.764) Financial assets written-off
Total penambahan (penurunan) Total addition (deduction)
tahun berjalan 6.930.627 (363.975) (531.350) 6.035.302 during the year
Saldo akhir 22.178.620 353.641 177.456 22.709.717 Ending balance
Seluruh kontrak pembiayaan yang disalurkan All consumer financing contracts provided by
Perseroan adalah untuk kendaraan bermotor, Company are for motor vehicles, multipurpose,
multiguna, investasi, dan modal kerja. investment, and working capital.
Jangka waktu kontrak pembiayaan yang disalurkan The period of consumer financing contracts for
oleh Perseroan atas kendaraan bermotor berkisar motor vehicles ranged between 12 - 96 months.
antara 12 - 96 bulan.
48
Page 383
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES
(continued)
Piutang pembiayaan konsumen - bruto sesuai Consumer financing receivables - gross based on
dengan tanggal jatuh temponya sebagai berikut: maturity date, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Telah jatuh tempo Overdue
1 - 30 hari 1.444.482 1.200.143 1 - 30 days
31 - 60 hari 605.226 453.017 31 - 60 days
61 - 90 hari 376.851 376.890 61 - 90 days
> 90 hari 731.805 486.886 > 90 days
Belum jatuh tempo Not yet due
2024 - 19.103.105 2024
2025 22.056.373 16.392.797 2025
2026 18.625.263 10.731.796 2026
2027 12.221.779 5.613.459 2027
2028 dan seterusnya 8.745.682 2.047.273 2028 and on forward
64.807.461 56.405.366
Kisaran suku bunga yang dikenakan kepada The range of interest rates charged to customers as
konsumen pada tanggal 31 Desember 2024 dan of 31 December 2024 and 2023, are as follows:
2023, berkisar sebagai berikut:
31 Desember/ 31 Desember/
December 2024 December 2023
Mobil 4,75% - 19,20% 3,85% - 27,94% Car
Sepeda Motor 15,61% 10,04% - 15,57% Motorcycle
Multiguna 9,40% - 25,89% 15,55 - 25,73% Multipurpose
Modal Kerja 8,25% - 9,00% 8,25% - 9,00% Working Capital
Analisa umur piutang pembiayaan konsumen - bruto The aging analysis of consumer financing
adalah sebagai berikut: receivables - gross, is as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Belum jatuh tempo 61.649.097 53.888.430 Current
Lewat jatuh tempo: Overdue:
1 - 90 hari 2.426.559 2.030.050 1 - 90 days
91 - 120 hari 232.364 227.964 91 - 120 days
121 - 180 hari 239.369 250.250 121 - 180 days
> 180 hari 260.072 8.672 > 180 days
64.807.461 56.405.366
Mutasi cadangan kerugian penurunan nilai untuk The movements in the allowance for impairment
tahun yang berakhir pada tanggal 31 Desember 2024 losses for years ended 31 December 2024 and
dan 2023 adalah sebagai berikut: 2023, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Saldo awal 347.894 333.578 Beginning balance
Penyisihan untuk tahun berjalan 885.498 726.080 Provision for the year
Penghapusan piutang (756.629) (711.764) Receivables written-off
Saldo akhir 476.763 347.894 Ending balance
49
Page 384
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES
(continued)
Mutasi cadangan kerugian penurunan nilai untuk The movements in the allowance for impairment
tahun yang berakhir pada tanggal 31 Desember 2024 losses for years ended 31 December 2024 and
dan 2023 adalah sebagai berikut: (lanjutan) 2023, are as follows: (continued)
31 Desember/December 2024
Stage 1 Stage 2 Stage 3 Total
Saldo awal 223.097 68.044 56.753 347.894 Beginning balance
Pengalihan ke: Transfer to:
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss
(stage 1) 64.916 (49.957) (14.959) - (stage 1)
Kerugian kredit ekspektasian sepanjang
umurnya - tidak mengalami Lifetime expected credit losses -
penurunan nilai (stage 2) (83.925) 90.548 (6.623) - not credit-impairment (stage 2)
Kerugian kredit ekspektasian sepanjang
umurnya - mengalami Lifetime expected credit losses -
penurunan nilai (stage 3) (11.828) (34.919) 46.747 - credit-impairment (stage 3)
Total saldo awal setelah pengalihan 192.260 73.716 81.918 347.894 Total beginning balance after transfer
Pengukuran kembali bersih Net remeasurement
penyisihan kerugian (28.181) 264.107 843.978 1.079.904 of loss allowance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 98.219 26.015 7.425 131.659 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (33.906) (99.217) (192.942) (326.065) Derecognized financial assets
Total pembentukan tahun berjalan 36.132 190.905 658.461 885.498 Total build-up during the year
Aset keuangan yang dihapusbuku (25.065) (151.446) (580.118) (756.629) Financial assets written-off
Saldo akhir 203.327 113.175 160.261 476.763 Ending balance
31 Desember/December 2023
Stage 1 Stage 2 Stage 3 Total
Saldo awal 223.868 62.559 47.151 333.578 Beginning balance
Pengalihan ke: Transfer to:
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss
(stage 1) 17.644 (15.153) (2.491) - (stage 1)
Kerugian kredit ekspektasian sepanjang
umurnya - tidak mengalami Lifetime expected credit losses -
penurunan nilai (stage 2) (25.402) 29.207 (3.805) - not credit-impairment (stage 2)
Kerugian kredit ekspektasian sepanjang
umurnya - mengalami Lifetime expected credit losses -
penurunan nilai (stage 3) (7.426) (41.206) 48.632 - credit-impairment (stage 3)
Total saldo awal setelah pengalihan 208.684 35.407 89.487 333.578 Total beginning balance after transfer
Pengukuran kembali bersih Net remeasurement
penyisihan kerugian (29.893) 179.434 762.462 912.003 of loss allowance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 85.648 17.913 4.384 107.945 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (28.998) (78.637) (186.233) (293.868) Derecognized financial assets
Total pembentukan tahun berjalan 26.757 118.710 580.613 726.080 Total build-up during the year
Aset keuangan yang dihapusbuku (12.344) (86.073) (613.347) (711.764) Financial assets written-off
Saldo akhir 223.097 68.044 56.753 347.894 Ending balance
Seluruh piutang pembiayaan konsumen pada tanggal All consumer financing receivables as of
31 Desember 2024 dan 2023 dievaluasi secara 31 December 2024 and 2023 are collectively and
kolektif dan individual terhadap penurunan nilai. individually evaluated for impairment.
Piutang pembiayaan konsumen yang diberikan Consumer financing receivables that provided with
fasilitas restrukturisasi selama tahun berjalan pada restructuring facilities during the year as of
tanggal 31 Desember 2024 dan 2023 adalah sebesar 31 December 2024 and 2023 is 3.06% and 0.27%
3,06% dan 0,27% dari saldo piutang pembiayaan of the balance of consumer financing receivables.
konsumen.
50
Page 385
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES
(continued)
Pada tanggal 31 Desember 2024, piutang As of 31 December 2024, total consumer financing
pembiayaan konsumen yang digunakan sebagai receivables pledged as collateral for borrowings
jaminan atas pinjaman yang diterima oleh Perseroan and bonds payable as disclosed respectively in
dan utang obligasi seperti yang masing-masing Notes 15 and 17 amounted to Rp11,267,678
dijelaskan pada Catatan 15 dan 17 adalah sejumlah (31 December 2023: Rp12,473,360).
Rp11.267.678 (31 Desember 2023: Rp12.473.360).
Manajemen berkeyakinan bahwa cadangan kerugian Management believes that the allowance for
penurunan nilai tersebut adalah cukup untuk impairment losses is sufficient to cover any possible
menutupi kemungkinan kerugian dari tidak losses from uncollectible consumer financing
tertagihnya piutang pembiayaan konsumen. receivables.
Lihat Catatan 26a untuk rincian saldo dan transaksi Refer to Note 26a for details of balances and
pihak berelasi. transactions with related parties.
6. PIUTANG SEWA PEMBIAYAAN 6. FINANCE LEASE RECEIVABLES
31 Desember/ 31 Desember/
December 2024 December 2023
Piutang sewa pembiayaan Finance lease receivables
Piutang sewa pembiayaan - bruto 6.450.469 6.265.251 Finance lease receivables - gross
Dikurangi: Less:
Pembiayaan bersama - bruto: Joint financing - gross:
Rupiah Rupiah
Pihak berelasi (25.647) (28.620) Related parties
Nilai sisa yang terjamin 2.445.103 2.672.995 Guaranteed residual value
Piutang sewa pembiayaan - bruto: Finance lease receivables - gross:
Pembiayaan sendiri 8.869.925 8.909.626 Direct financing
Dikurangi: Less:
Pendapatan sewa pembiayaan Unearned income
yang belum diakui: on finance lease receivables:
Rupiah Rupiah
Pihak ketiga (932.482) (820.377) Third parties
Simpanan jaminan (2.445.103) (2.672.995) Security deposit
Dikurangi: Less:
Pendapatan yang belum diakui dari
pembiayaan bersama - bruto : Unearned joint financing - gross:
Rupiah Rupiah
Pihak berelasi 3.247 611 Related parties
Pendapatan sewa Unearned lease income
pembiayaan yang belum diakui: financing:
Pembiayaan sendiri (3.374.338) (3.492.761) Direct financing
Piutang sewa pembiayaan 5.495.587 5.416.865 Finance lease receivables
Dikurangi: Less:
Cadangan kerugian penurunan nilai (100.429) (69.293) Allowance for impairment losses
Neto 5.395.158 5.347.572 Net
51
Page 386
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG SEWA PEMBIAYAAN (lanjutan) 6. FINANCE LEASE RECEIVABLES (continued)
Perubahan nilai tercatat piutang sewa pembiayaan The changes in the carrying value of finance lease
dengan klasifikasi diamortisasi berdasarkan stage receivables classified as amortized by stage for the
untuk tahun yang berakhir 31 Desember 2024 dan year ended 31 December 2024 and 2023, are as
2023, adalah sebagai berikut: follows:
31 Desember/December 2024
Stage 1 Stage 2 Stage 3 Total
Biaya perolehan diamortisasi 5.292.101 105.683 19.081 5.416.865 Amortized cost
Saldo awal Beginning balance
Pengalihan ke kerugian kredit ekspektasian Transfer to the 12-month expected
12 bulan (stage 1) 122.320 (98.355) (23.965) - credit loss (stage 1)
Pengalihan ke piutang yang tidak Transfer to receivables
mengalami penurunan nilai (stage 2) (687.876) 693.949 (6.073) - which are not impaired (stage 2)
Pengalihan ke piutang yang Transfer to receivables
mengalami penurunan nilai (stage 3) (47.202) (182.021) 229.223 - which are impaired (stage 3)
Total saldo awal setelah pengalihan 4.679.343 519.256 218.266 5.416.865 Total beginning balance after transfer
Pengukuran kembali bersih nilai tercatat (1.609.348) (16.052) (3.370) (1.628.770) Net remeasurement of carrying value
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 2.777.078 89.069 2.472 2.868.619 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (892.180) (212.684) (4.111) (1.108.975) Derecognized financial assets
Aset keuangan yang dihapusbuku (2.333) (6.106) (43.713) (52.152) Financial assets written-off
Total penambahan (penurunan) Total addition (deduction)
tahun berjalan 273.217 (145.773) (48.722) 78.722 during the year
Saldo akhir 4.952.560 373.483 169.544 5.495.587 Ending balance
31 Desember/December 2023
Stage 1 Stage 2 Stage 3 Total
Biaya perolehan diamortisasi Amortized cost
Saldo awal 5.658.311 96.925 26.789 5.782.025 Beginning balance
Pengalihan ke kerugian kredit ekspektasian Transfer to the 12-month expected
12 bulan (stage 1) 31.076 (29.625) (1.451) - credit loss (stage 1)
Pengalihan ke piutang yang tidak Transfer to receivables
mengalami penurunan nilai (stage 2) (245.387) 248.808 (3.421) - which are not impaired (stage 2)
Pengalihan ke piutang yang Transfer to receivables
mengalami penurunan nilai (stage 3) (14.323) (46.353) 60.676 - which are impaired (stage 3)
Total saldo awal setelah pengalihan 5.429.677 269.755 82.593 5.782.025 Total beginning balance after transfer
Pengukuran kembali bersih nilai tercatat (1.849.789) (72.900) (802) (1.923.491) Net remeasurement of carrying value
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 2.459.900 40.856 78.587 2.579.343 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (747.619) (130.306) (66.050) (943.975) Derecognized financial assets
Aset keuangan yang dihapusbuku (68) (1.722) (75.247) (77.037) Financial assets written-off
Total penurunan tahun berjalan (137.576) (164.072) (63.512) (365.160) Total deduction during the year
Saldo akhir 5.292.101 105.683 19.081 5.416.865 Ending balance
Jangka waktu kontrak pembiayaan yang disalurkan The period of consumer financing contracts for
oleh Perseroan atas kendaraan bermotor dan alat motor vehicles and heavy equipment ranged
berat berkisar antara 12 - 72 bulan. between 12 - 72 months.
52
Page 387
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG SEWA PEMBIAYAAN (lanjutan) 6. FINANCE LEASE RECEIVABLES (continued)
Piutang sewa pembiayaan - bruto sesuai dengan Finance lease receivables - gross based on
tanggal jatuh temponya sebagai berikut: maturity date, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Telah jatuh tempo Overdue
1 - 30 hari 84.962 121.427 1 - 30 days
31 - 60 hari 104.557 49.498 31 - 60 days
61 - 90 hari 292.555 73.545 61 - 90 days
> 90 hari 35.332 22.073 > 90 days
Belum jatuh tempo Not yet due
2024 - 3.152.308 2024
2025 2.720.676 1.887.193 2025
2026 2.063.533 780.060 2026
2027 884.978 157.163 2027
2028 dan seterusnya 263.876 21.984 2028 and on forward
6.450.469 6.265.251
Mutasi cadangan kerugian penurunan nilai untuk The movements in the allowance for impairment
tahun yang berakhir pada tanggal 31 Desember 2024 losses for years ended 31 December 2024 and
dan 2023 adalah sebagai berikut: 2023, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Saldo awal 69.293 138.679 Beginning balance
Penyisihan untuk tahun berjalan 83.288 7.651 Provision for the year
Penghapusan piutang (52.152) (77.037) Receivables written-off
Saldo akhir 100.429 69.293 Ending balance
Mutasi cadangan kerugian penurunan nilai untuk The movements in the allowance for impairment
tahun yang berakhir pada tanggal 31 Desember 2024 losses for years ended 31 December 2024 and
dan 2023 adalah sebagai berikut: 2023, are as follows:
31 Desember/December 2024
Stage 1 Stage 2 Stage 3 Total
Saldo awal 45.187 18.883 5.223 69.293 Beginning balance
Pengalihan ke: Transfer to:
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss
(stage 1) 6.926 (5.039) (1.887) - (stage 1)
Kerugian kredit ekspektasian sepanjang
umurnya - tidak mengalami Lifetime expected credit losses -
penurunan nilai (stage 2) (7.626) 8.151 (525) - not credit-impaired (stage 2)
Kerugian kredit ekspektasian sepanjang
umurnya - mengalami Lifetime expected credit losses -
penurunan nilai (stage 3) (2.700) (6.906) 9.606 - credit-impaired (stage 3)
Total saldo awal setelah pengalihan 41.787 15.089 12.417 69.293 Total beginning balance after transfer
Pengukuran kembali bersih Net remeasurement
penyisihan kerugian (7.307) 34.079 91.897 118.669 of loss allowance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 14.115 24.930 1.596 40.641 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (18.967) (41.322) (15.733) (76.022) Derecognized financial assets
Total pembentukan tahun berjalan (12.159) 17.687 77.760 83.288 Total build-up during the year
Aset keuangan yang dihapusbuku (2.333) (6.106) (43.713) (52.152) Financial assets written-off
Saldo akhir 27.295 26.670 46.464 100.429 Ending balance
53
Page 388
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG SEWA PEMBIAYAAN (lanjutan) 6. FINANCE LEASE RECEIVABLES (continued)
Mutasi cadangan kerugian penurunan nilai untuk The movements in the allowance for impairment
tahun yang berakhir pada tanggal 31 Desember 2024 losses for years ended 31 December 2024 and
dan 2023 adalah sebagai berikut: (lanjutan) 2023, are as follows: (continued)
31 Desember/December 2023
Stage 1 Stage 2 Stage 3 Total
Saldo awal 93.751 35.189 9.739 138.679 Beginning balance
Pengalihan ke: Transfer to:
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss
(stage 1) 2.584 (2.447) (137) - (stage 1)
Kerugian kredit ekspektasian sepanjang
umurnya - tidak mengalami Lifetime expected credit losses -
penurunan nilai (stage 2) (4.088) 4.820 (732) - not credit-impaired (stage 2)
Kerugian kredit ekspektasian sepanjang
umurnya - mengalami Lifetime expected credit losses -
penurunan nilai (stage 3) (375) (4.549) 4.924 - credit-impaired (stage 3)
Total saldo awal setelah pengalihan 91.872 33.013 13.794 138.679 Total beginning balance after transfer
Pengukuran kembali bersih Net remeasurement
penyisihan kerugian (36.288) 3.162 86.610 53.484 of loss allowance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 6.904 14.892 1.526 23.322 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (17.232) (30.462) (21.461) (69.155) Derecognized financial assets
Total pembentukan tahun berjalan (46.616) (12.408) 66.675 7.651 Total build-up during the year
Aset keuangan yang dihapusbuku (69) (1.722) (75.246) (77.037) Financial assets written-off
Saldo akhir 45.187 18.883 5.223 69.293 Ending balance
Seluruh piutang sewa pembiayaan pada tanggal All finance lease receivables as of
31 Desember 2024 dan 2023 dievaluasi secara 31 December 2024 and 2023 are collectively and
kolektif dan individual terhadap penurunan nilai. individually evaluated for impairment.
Piutang sewa pembiayaan yang diberikan fasilitas Finance lease receivables that provided with
restrukturisasi selama tahun berjalan pada tanggal 31 restructuring facilities during the year as of
Desember 2024 dan 2023 adalah sebesar 11,46% 31 December 2024 and 2023 is 11.46% and 7.16%
dan 7,16% dari saldo piutang pembiayaan of the balance of consumer financing receivables.
konsumen.
Kisaran suku bunga yang dikenakan kepada The range of interest rates charged to customers as
konsumen pada tanggal 31 Desember 2024 dan of 31 December 2024 and 2023, are as follows:
2023, berkisar sebagai berikut:
31 Desember/ 31 Desember/
December 2024 December 2023
Mobil 11,52% - 25,52% 12,61% - 24,99% Car
Alat berat 10,00% - 13,50% 10,00% - 12,00% Heavy equipment
Mesin 12,51% 12,00% Machine
Analisa umur piutang sewa pembiayaan - bruto The aging analysis of finance lease receivables -
adalah sebagai berikut: gross, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Belum jatuh tempo 5.933.063 5.998.708 Current
Lewat jatuh tempo: Overdue:
1 - 90 hari 482.074 244.470 1 - 90 days
91 - 120 hari 10.840 6.605 91 - 120 days
121 - 180 hari 14.496 15.468 121 - 180 days
> 180 hari 9.996 - > 180 days
6.450.469 6.265.251
54
Page 389
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG SEWA PEMBIAYAAN (lanjutan) 6. FINANCE LEASE RECEIVABLES (continued)
Pada tanggal 31 Desember 2024, piutang sewa As of 31 December 2024, total finance lease
pembiayaan yang digunakan sebagai jaminan atas receivables pledged as collateral for borrowings
pinjaman yang diterima oleh Perseroan dan utang and bonds payable as disclosed respectively in
obligasi seperti yang dijelaskan masing-masing pada Note 15 and 17 amounted to Rp1,583,867
Catatan 15 dan 17 adalah sejumlah Rp1.583.867 (31 December 2023: Rp1,637,939).
(31 Desember 2023: Rp1.637.939).
Manajemen berpendapat bahwa jumlah cadangan Management believes that the existing allowance
kerugian penurunan nilai yang dibentuk adalah cukup for impairment losses is adequate to cover possible
untuk menutup kerugian yang mungkin timbul akibat losses arising from uncollectible finance lease
tidak tertagihnya piutang sewa pembiayaan. receivables.
7. ANJAK PIUTANG 7. FACTORING RECEIVABLES
Perseroan mengadakan perjanjian anjak piutang The Company has entered into factoring
dengan jaminan. Anjak piutang adalah sebagai agreements with recourse. Factoring receivables
berikut: are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Anjak piutang - bruto: 49.867 50.954 Factoring receivables - gross:
Dikurangi: Less:
Pendapatan anjak piutang Unearned income
yang belum diakui: on factoring receivables:
Rupiah Rupiah
Pihak ketiga (15.119) (15.196) Third parties
Anjak piutang 34.748 35.758 Factoring receivables
Dikurangi: Less:
Cadangan kerugian penurunan nilai (15.310) (436) Allowance for impairments losses
Neto 19.438 35.322 Net
Perubahan nilai tercatat anjak piutang dengan The changes in the carrying value of factoring
klasifikasi diamortisasi berdasarkan stage untuk receivables classified as amortized by stage for the
tahun yang berakhir 31 Desember 2024 dan 2023, year ended 31 December 2024 and 2023, are as
adalah sebagai berikut: follows:
31 Desember/December 2024
Stage 1 Stage 2 Stage 3 Total
Biaya perolehan diamortisasi Amortized cost
Saldo awal 35.758 - - 35.758 Beginning balance
Pengalihan ke kerugian kredit ekspektasian Transfer to the 12-month expected
12 bulan (stage 1) - - - - credit loss (stage 1)
Pengalihan ke piutang yang tidak Transfer to receivables
mengalami penurunan nilai (stage 2) - - - - which are not impaired (stage 2)
Pengalihan ke piutang yang Transfer to receivables
mengalami penurunan nilai (stage 3) (34.748) - 34.748 - which are impaired (stage 3)
Total saldo awal setelah pengalihan 1.010 - 34.748 35.758 Total beginning balance after transfer
Pengukuran kembali bersih nilai tercatat (1.010) - - (1.010) Net remeasurement of carrying value
Total pengurangan Total deduction
tahun berjalan (1.010) - - (1.010) during the year
Saldo akhir - - 34.748 34.748 Ending balance
55
Page 390
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. ANJAK PIUTANG (lanjutan) 7. FACTORING RECEIVABLES (continued)
Perubahan nilai tercatat anjak piutang dengan The changes in the carrying value of factoring
klasifikasi diamortisasi berdasarkan stage untuk receivables classified as amortized by stage for the
tahun yang berakhir 31 Desember 2024 dan 2023, year ended 31 December 2024 and 2023, are as
adalah sebagai berikut: (lanjutan) follows: (continued)
31 Desember/December 2023
Stage 1 Stage 2 Stage 3 Total
Biaya perolehan diamortisasi Amortized cost
Saldo awal 42.469 - - 42.469 Beginning balance
Pengalihan ke kerugian kredit ekspektasian Transfer to the 12-month expected
12 bulan (stage 1) - - - - credit loss (stage 1)
Pengalihan ke piutang yang tidak Transfer to receivables
mengalami penurunan nilai (stage 2) - - - - which are not impaired (stage 2)
Pengalihan ke piutang yang Transfer to receivables
mengalami penurunan nilai (stage 3) - - - - which are impaired (stage 3)
Total saldo awal setelah pengalihan 42.469 - - 42.469 Total beginning balance after transfer
Pengukuran kembali bersih nilai tercatat (345) - - (345) Net remeasurement of carrying value
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 54.221 - - 54.221 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (60.587) - - (60.587) Derecognized financial assets
Total pengurangan Total deduction
tahun berjalan (6.711) - - (6.711) during the year
Saldo akhir 35.758 - - 35.758 Ending balance
Anjak piutang - bruto sesuai dengan tanggal jatuh Factoring receivables - gross based on maturity
temponya sebagai berikut: date, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Telah jatuh tempo Overdue
> 90 hari 49.867 - > 90 days
Belum jatuh tempo Not yet due
2024 - 11.117 2024
2025 - 11.117 2025
2026 - 11.117 2026
2027 - 11.117 2027
2028 dan seterusnya - 6.486 2028 and on forward
49.867 50.954
Mutasi cadangan kerugian penurunan nilai untuk The movements in the allowance for impairment
tahun yang berakhir pada tanggal 31 Desember 2024 losses for years ended 31 December 2024 and
dan 2023 adalah sebagai berikut: 2023, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Saldo awal 436 9.493 Beginning balance
Penambahan (pembalikan) Provision (reversal)
untuk tahun berjalan 14.874 (9.057) for the year
Saldo akhir 15.310 436 Ending balance
56
Page 391
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. ANJAK PIUTANG (lanjutan) 7. FACTORING RECEIVABLES (continued)
Mutasi cadangan kerugian penurunan nilai untuk The movements in the allowance for impairment
tahun yang berakhir pada tanggal 31 Desember 2024 losses for years ended 31 December 2024 and
dan 2023 adalah sebagai berikut: (lanjutan) 2023, are as follows: (continued)
31 Desember/December 2024
Stage 1 Stage 2 Stage 3 Total
Saldo awal 436 - - 436 Beginning balance
Pengalihan ke: Transfer to:
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss
(stage1) - - - - (stage 1)
Kerugian kredit ekspektasian sepanjang
umurnya - tidak mengalami Lifetime expected credit losses -
penurunan nilai (stage 2) - - - - not credit-impaired (stage 2)
Kerugian kredit ekspektasian sepanjang
umurnya - mengalami Lifetime expected credit losses -
penurunan nilai (stage 3) (436) 436 credit-impaired (stage 3)
Total saldo awal setelah pengalihan - - 436 436 Total beginning balance after transfer
Pengukuran kembali bersih Net remeasurement
penyisihan kerugian - - 14.874 14.874 of loss allowance
Total pembentukan tahun berjalan - - 14.874 14.874 Total build-up during the year
- -
Saldo akhir 15.310 15.310 Ending balance
31 Desember/December 2023
Stage 1 Stage 2 Stage 3 Total
Saldo awal 9.493 - - 9.493 Beginning balance
Pengalihan ke: Transfer to:
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss
(stage1) - - - - (stage 1)
Kerugian kredit ekspektasian sepanjang
umurnya - tidak mengalami Lifetime expected credit losses -
penurunan nilai (stage 2) - - - - not credit-impaired (stage 2)
Kerugian kredit ekspektasian sepanjang
umurnya - mengalami Lifetime expected credit losses -
penurunan nilai (stage 3) - - - - credit-impaired (stage 3)
Total saldo awal setelah pengalihan 9.493 - - 9.493 Total beginning balance after transfer
Pengukuran kembali bersih Net remeasurement
penyisihan kerugian 12 - - 12 of loss allowance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 484 - - 484 originated or purchased
Aset keuangan yang dihentikan
pengakuannya (9.553) - - (9.553) Derecognized financial assets
Total pembentukan tahun berjalan (9.057) - - (9.057) Total build-up during the year
Saldo akhir 436 - - 436 Ending balance
Anjak piutang yang direstrukturisasi pada tanggal The percentage of restructured factoring
31 Desember 2024 adalah sebesar 100% dari saldo receivables as of 31 December 2024
anjak piutang - bruto (31 Desember 2023: 100%). is 100% of the factoring receivables balance - gross
(31 December 2023: 100%).
Kisaran suku bunga yang dikenakan kepada Range of interest rates charged to customers for
konsumen untuk tahun yang berakhir pada tanggal the years ended 31 December 2024 and 2023, are
31 Desember 2024 dan 2023 adalah sebagai berikut: as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Anjak piutang 7,59% 14,48% Factoring receivables
57
Page 392
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. ANJAK PIUTANG (lanjutan) 7. FACTORING RECEIVABLES (continued)
Analisa umur anjak piutang - bruto adalah sebagai The aging analysis of factoring receivables - gross,
berikut: is as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Belum jatuh tempo - 50.954 Current
Lewat jatuh tempo: Overdue:
91 - 120 hari 49.867 - 91 - 120 days
49.867 50.954
Manajemen berpendapat bahwa jumlah cadangan Management believes that the existing allowance
kerugian penurunan nilai yang dibentuk adalah cukup for impairment losses is adequate to cover possible
untuk menutup kerugian yang mungkin timbul akibat losses arising from uncollectible factoring
tidak tertagihnya anjak piutang. receivables.
8. PIUTANG LAIN-LAIN 8. OTHER RECEIVABLES
31 Desember/ 31 Desember/
December 2024 December 2023
Pihak ketiga Third parties
Piutang asuransi 96.235 43.862 Insurance receivables
Piutang administrasi akseptasi 48.999 43.613 Acceptance administration receivables
Piutang penjualan kendaraan Receivables from sales of
jaminan 14.441 20.183 collateral vehicle
Lain-lain 4.498 12.011 Others
164.173 119.669
Pihak berelasi Related parties
Piutang pembiayaan bersama 366.435 473.710 Joint financing receivables
Piutang klaim penjaminan kredit - 70.667 Credit guarantee claims receivables
Piutang administrasi akseptasi 2.486 2.486 Acceptance admnistration receivables
Lain-lain 620 620 Others
369.541 547.483
Piutang lain-lain 533.714 667.152 Other receivables
Dikurangi: Less:
Cadangan kerugian penurunan nilai (33.431) (44.298) Allowance for impairment losses
500.283 622.854
Piutang pembiayaan bersama merupakan piutang Joint financing receivables represent receivables
yang telah dijanjikan secara bersama untuk dibiayai, that have been jointly promised to be financed, but
namun belum ditagihkan ke pemberi pembiayaan have not been billed to the joint financing provider.
bersama.
Lihat Catatan 26a untuk rincian saldo dan transaksi Refer to Note 26a for details of balances and
dengan pihak berelasi. transactions with related parties.
58
Page 393
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG LAIN-LAIN (lanjutan) 8. OTHER RECEIVABLES (continued)
Mutasi cadangan kerugian penurunan nilai untuk The movements in the allowance for impairment
tahun yang berakhir pada tanggal 31 Desember 2024 losses for years ended 31 December 2024 and
dan 2023 adalah sebagai berikut: 2023, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Saldo awal 44.298 140.425 Beginning balance
Pembalikan untuk tahun berjalan (10.867) (96.127) Reversal for the year
Saldo akhir 33.431 44.298 Ending balance
Manajemen berkeyakinan bahwa cadangan kerugian Management believes that the allowance for
penurunan nilai adalah cukup untuk menutupi impairment losses is sufficient to cover any possible
kemungkinan kerugian dari tidak tertagihnya piutang. losses from uncollectible receivables.
9. PERPAJAKAN 9. TAXATION
a. Utang pajak kini a. Current tax liabilities
31 Desember/ 31 Desember/
December 2024 December 2023
Pasal 25 25.364 25.677 Article 25
Pasal 29 87.127 86.323 Article 29
Saldo akhir 112.491 112.000 Ending balance
b. Beban pajak b. Tax expense
Tahun yang Berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Kini 315.632 311.260 Current
Tangguhan (lihat Catatan 9c) 12.958 15.438 Deferred (refer to Note 9c)
328.590 326.698
Rekonsiliasi antara beban pajak penghasilan The reconciliation between income tax expense
dengan hasil perkalian laba akuntansi sebelum and the theoretical tax amount on the Company’s
pajak penghasilan dan tarif pajak yang berlaku income before income tax and the applicable tax
adalah sebagai berikut: rate is as follows:
Tahun yang Berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Laba sebelum beban pajak Income before final tax and
final dan pajak penghasilan 1.504.167 1.491.226 income tax expense
Pajak dihitung pada tarif pajak 330.917 328.070 Tax calculated at tax rates
Penghasilan bunga dikenakan Interest income subjected to
pajak final (3.844) (3.770) final tax
Beban yang tidak dapat
dikurangkan 1.517 2.398 Non-deductible expenses
Beban pajak 328.590 326.698 Tax expense
59
Page 394
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PERPAJAKAN (lanjutan) 9. TAXATION (continued)
b. Beban pajak (lanjutan) b. Tax expense (continued)
Rekonsiliasi antara laba sebelum beban pajak Reconciliation between income before income
penghasilan menurut laporan laba rugi dan tax expense, as shown in the statement of profit
penghasilan komprehensif lain dengan or loss and other comprehensive income, and
penghasilan kena pajak adalah sebagai berikut: estimated taxable income is as follows:
Tahun yang Berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Laba sebelum beban pajak 1.504.167 1.491.226 Income before final tax and
final dan pajak penghasilan income tax expense
Koreksi fiskal: Fiscal corrections:
Beda temporer Temporary differences
Penyisihan bonus (27.319) (34.531) Provision for bonus
Penyisihan imbalan kerja karyawan (21.340) 69.103 Provision for employee benefits
Penyisihan kerugian penurunan nilai Provision for impairment losses on
atas piutang lain-lain (10.704) (96.290) other receivables
Selisih antara nilai buku aset Difference in net book value
tetap komersial dan fiskal (1.199) 710 between commercial and fiscal
Transaksi aset hak guna 860 300 Right-of-use asset transactions
Penyisihan penghapusan Provision for write-off
customer deposit 802 495 on customer deposit
Penyisihan kerugian penurunan nilai Provision for impairment losses on
atas piutang sewa pembiayaan on finance lease receivables
dan anjak piutang - (7.296) and factoring receivables
Penyisihan biaya jasa profesional - (2.664) Provision for professional service
(58.900) (70.173)
Beda tetap Permanent differences
Beban yang tidak dapat dikurangkan 6.895 10.899 Non-deductible expenses
Penghasilan bunga dikenakan
pajak final (17.473) (17.134) Interest income subjected to final tax
(10.578) (6.235)
Penghasilan kena pajak 1.434.689 1.414.818 Taxable income
Beban pajak 315.632 311.260 Tax expense
Dikurangi: Less:
Pasal 23 (18.739) (10.091) Article 23
Pasal 25 (209.766) (214.846) Article 25
Utang pajak Corporate income
penghasilan badan 87.127 86.323 tax payable
Berdasarkan Undang-Undang Republik Based on Law of the Republic of Indonesia No.
Indonesia No. 7 Tahun 2021 tanggal 7 year 2021 dated October 9, 2021 concerning
29 Oktober 2021 tentang Harmonisasi Harmonization of Tax Regulations has
Peraturan Perpajakan menetapkan tarif pajak stipulated the income tax rate for domestic
penghasilan wajib pajak dalam negeri dan taxpayers and business establishments of 22%
bentuk usaha tetap sebesar 22% yang mulai which will be effective from the Fiscal Year 2022
berlaku pada tahun pajak 2022 dan seterusnya. onwards.
Perhitungan pajak penghasilan badan untuk The above calculation of corporate income tax
tahun yang berakhir pada 31 Desember 2024 for the year ended 31 December 2024 will be
tersebut di atas akan menjadi dasar dalam used as basis for filing the Annual Tax Return
pengisian Surat Pemberitahuan Tahunan (“SPT”) of Corporate Income Tax.
(“SPT”) Pajak Penghasilan Badan.
60
Page 395
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PERPAJAKAN (lanjutan) 9. TAXATION (continued)
b. Beban pajak (lanjutan) b. Tax expense (continued)
Perhitungan pajak penghasilan badan untuk The calculation of corporate income tax for the
tahun yang berakhir pada 31 Desember 2023 year ended 31 December 2023 is same as the
sama dengan Surat Pemberitahuan Tahunan Annual Tax Return filed by the Company to the
yang disampaikan Perseroan ke Kantor Tax Office.
Pelayanan Pajak.
c. Aset (liabilitas) pajak tangguhan – neto c. Deferred tax assets (liabilities) – net
31 Desember/December 2024
Manfaat
(beban) pajak
tangguhan/
Saldo awal/ Deferred tax Saldo akhir/
Beginning income Ending
balance (expenses) balance
Aset (liabilitas) pajak
tangguhan dampak dari Deferred tax asset (liabilities)
laporan laba rugi effect from profit or loss
Penyisihan kerugian penurunan Provision for impairment losses on
nilai atas piutang lain-lain 9.710 (2.355) 7.355 other receivables
Selisih antara nilai buku Difference in net book value
aset tetap komersial of fixed assets between
dan fiskal (1.392) (263) (1.655) commercial and fiscal
Penyisihan imbalan Provision for employee
kerja karyawan 49.574 (4.695) 44.879 benefits
Penyisihan bonus 30.720 (6.010) 24.710 Provision for bonus
Penyisihan penghapusan Provision for write-off
customer deposit 1.714 176 1.890 on customer deposit
Transaksi aset hak guna 427 189 616 Right-of-use asset transactions
Aset pajak tangguhan Deferred tax assets effect
dampak dari penghasilan from other comprehensive
komprehensif lain income
Pengukuran kembali atas
liabilitas imbalan Remeasurement of employee
kerja karyawan 10.826 (8.809) 2.017 benefits obligation
Keuntungan (kerugian) bersih
atas instrumen derivatif untuk Net gain (loss) on derivative
lindung nilai arus kas (790) 5.704 4.914 instrument for cash flow hedging
100.789 (16.063) 84.726
31 Desember/December 2023
Manfaat
(beban) pajak
tangguhan/
Saldo awal/ Deferred tax Saldo akhir/
Beginning income Ending
balance (expenses) balance
Aset (liabilitas) pajak
tangguhan dampak dari Deferred tax asset (liabilities)
laporan laba rugi effect from profit or loss
Penyisihan kerugian penurunan Provision for impairment losses on
nilai atas piutang lain-lain 30.894 (21.184) 9.710 other receivables
Penyisihan kerugian penurunan
nilai atas piutang Provision for impairment losses on
sewa pembiayaan finance lease
dan anjak piutang 1.605 (1.605) - and factoring receivables
Selisih antara nilai buku Difference in net book value
aset tetap komersial of fixed assets between
dan fiskal (1.548) 156 (1.392) commercial and fiscal
Penyisihan imbalan Provision for employee
kerja karyawan 34.371 15.203 49.574 benefits
Penyisihan bonus 38.317 (7.597) 30.720 Provision for bonus
Penyisihan penghapusan Provision for write-off
customer deposit 1.605 109 1.714 on customer deposit
Penyisihan biaya jasa profesional 586 (586) - Provision for professional fee
Transaksi aset hak guna 361 66 427 Right-of-use asset transactions
61
Page 396
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PERPAJAKAN (lanjutan) 9. TAXATION (continued)
c. Aset (liabilitas) pajak tangguhan - neto c. Deferred tax assets (liabilities) net
(lanjutan) (continued)
31 Desember/December 2023
Manfaat
(beban) pajak
tangguhan/
Saldo awal/ Deferred tax Saldo akhir/
Beginning income Ending
balance (expenses) balance
Aset pajak tangguhan Deferred tax assets effect
dampak dari penghasilan from other comprehensive
komprehensif lain income
Pengukuran kembali atas
liabilitas imbalan Remeasurement of employee
kerja karyawan 8.516 2.310 10.826 benefits obligation
Kerugian bersih
atas instrumen derivatif untuk Net loss on derivative
lindung nilai arus kas 1.745 (2.535) (790) instrument for cash flow hedging
116.452 (15.663) 100.789
d. Surat ketetapan pajak d. Tax assessment letter
Tahun pajak 2015 dan 2014 Fiscal year 2015 and 2014
Pada tanggal 12 September 2018, Perseroan On 12 September 2018, the Company received
menerima Surat Ketetapan Pajak Kurang Bayar Tax Assessment Letter on Underpayment
(”SKPKB”) dari Direktorat Jendral Pajak (”DJP”) (“SKPKB”) from Directorate General of Taxes
atas Pajak Penghasilan Badan untuk tahun pajak (“DGT”) on Corporate Income Tax for fiscal
2015 dan 2014 masing-masing sebesar years 2015 and 2014 amounting to Rp60,999
Rp60.999 dan Rp31.453. Untuk jumlah kurang and Rp31,453, respectively. For the amount of
bayar dari SKPKB tersebut, Perseroan the underpayment of the SKPKB, the Company
mengajukan keberatan ke Kantor Pajak sebesar filed an objection to the Tax Office amounting
Rp90.879. Perseroan telah menyetujui to Rp90,879. The Company has approved the
keputusan dan telah membayar sejumlah Rp724 decision and has paid the amount of Rp724
dan Rp849 masing-masing atas SKPKB atas and Rp849, respectively for the SKPKB on
Pajak Penghasilan Badan untuk tahun pajak Corporate Income Tax for fiscal year 2015 and
2015 dan 2014 berdasarkan Pembahasan Akhir 2014 based on the Audit Result Final
Hasil Pemeriksaan pada tanggal 1 Oktober 2018. Discussion on 1 October 2018.
Pada tahun 2019, Kantor Pajak menolak semua In 2019, the Tax Office has rejected all
keberatan untuk tahun fiskal 2014 dan 2015. objections for fiscal year 2014 and 2015. In the
Pada tahun yang sama, Perseroan mengajukan same year, the Company appealed the
banding atas keputusan tersebut ke Pengadilan decision to the Tax Court.
Pajak.
Pada tanggal 14 Desember 2021, Pengadilan On 14 December 2021, the Tax Court read out
Pajak membacakan putusan terkait dengan the decision related to the appeal filed by the
banding yang diajukan Perseroan. Atas putusan Company. Based on the decision, the
tersebut, Perseroan menerima surat putusan dari Company received a decision letter from the
Pengadilan Pajak pada tanggal 27 Desember Tax Court on 27 December 2021. Based on the
2021. Berdasarkan hasil putusan tersebut, PPh results of the decision, the Corporate Income
Badan untuk tahun pajak 2015 dan 2014 telah Tax for fiscal year 2015 and 2014 was partially
dikabulkan sebagian, sebesar Rp90.862 dan granted in the amount of Rp90,862 and was not
tidak dikabulkan sebesar Rp17. Atas putusan granted in the amount of Rp17. For the
tersebut, utang yang masih harus dibayar decisions that have been received, the total
sebesar Rp17. Manajemen sepakat untuk accrued payable amounted Rp17.
menerima hasil putusan yang sudah ditetapkan Management agrees to accept the result of the
oleh Pengadilan Pajak. decisions that have been determined by the
Tax Court.
62
Page 397
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PERPAJAKAN (lanjutan) 9. TAXATION (continued)
d. Surat ketetapan pajak (lanjutan) d. Tax assessment letter (continued)
Tahun pajak 2015 dan 2014 (lanjutan) Fiscal year 2015 and 2014 (continued)
Pada tanggal 4 April 2022, Kantor Pajak On 4 April 2022, Tax Office appealed the
mengajukan banding atas keputusan Pengadilan decision of Tax Court to Supreme Court. On
Pajak ke Mahkamah Agung. Pada tanggal 25 May 2023, the final and binding decision
25 Mei 2023, hasil keputusan akhir dan mengikat from Supreme Court rejected the appealed
Mahkamah Agung menolak pengajuan banding from Tax Office.
dari Kantor Pajak.
Tahun pajak 2021 Fiscal year 2021
Pada tanggal 18 Oktober 2024, Perseroan On 18 October 2024, the Company received
menerima Surat Permintaan Penjelasan atas the Request Letter for Explanation of Data
Data dan/atau Keterangan (SP2DK) dari and/or Information (SP2DK) from Directorate
Direktorat Jendral Pajak (“DJP”) atas Pajak General of Taxes (“DJP”) on Income Tax
Penghasilan Pasal 21, Pasal 23, Pasal 4 (2), Article 21, Article 23, Article 4 (2), Corporate
Pahak Penghasilan Badan, dan Pajak Income Tax, and Value Added Tax (VAT). The
Pertambahan Nilai (PPN) untuk tahun pajak Company has provided response to DJP on
2021. Perseroan telah mengirimkan tanggapan 18 December 2024 and has made payment for
kepada DJP pada tanggal 18 Desember 2024 the tax underpayment on 16 January 2025
dan telah melakukan pembayaran atas kurang amounting to Rp407.
bayar pajak pada tanggal 16 Januari 2025
sebesar Rp407.
e. Administrasi e. Administration
Berdasarkan Undang-Undang Perpajakan yang Under the Taxation Laws of Indonesia, the
berlaku di Indonesia, Perseroan menghitung, Company submits tax returns on the basis of
menetapkan dan membayar sendiri besarnya self-assessment. The Director General of
jumlah pajak yang terutang. Direktur Jenderal Taxes may assess or amend taxes within a
Pajak dapat menetapkan atau mengubah certain period. For the fiscal years of 2008 and
liabilitas pajak dalam jangka waktu tertentu. onwards, the period is within five years from the
Untuk tahun pajak 2008 dan seterusnya, jangka time the tax becomes due.
waktunya adalah lima tahun sejak saat
terutangnya pajak.
10. ASET TETAP 10. FIXED ASSETS
31 Desember/December 2024
1 Januari / Penambahan/ (Pengurangan)/ 31 Desember/
January 2024 Additions (Deductions) December 2024
Aset tetap Fixed assets
Kepemilikan langsung Direct ownership
Harga perolehan Cost
Tanah 48.570 - - 48.570 Land
Bangunan 52.996 682 - 53.678 Buildings
Kendaraan 28 - - 28 Vehicles
Perabotan dan peralatan kantor 334.445 46.295 (8.742) 371.998 Furniture and office equipment
Renovasi bangunan sewa 70.105 7.051 - 77.156 Leasehold improvement
506.144 54.028 (8.742) 551.430
Aset hak guna 187.541 17.702 - 205.243 Right-of-use assets
693.685 71.730 (8.742) 756.673
Akumulasi penyusutan Accumulated depreciation
Bangunan (20.746) (2.556) - (23.302) Buildings
Kendaraan (27) - - (27) Vehicles
Perabot dan peralatan kantor (231.510) (36.031) 8.696 (258.845) Furniture and office equipment
Renovasi bangunan sewa (50.621) (8.370) - (58.991) Leasehold improvement
(302.904) (46.957) 8.696 (341.165)
Aset hak guna (107.156) (29.877) - (137.033) Right-of-use assets
(410.060) (76.834) 8.696 (478.198)
Nilai buku neto 283.625 278.475 Net book value
63
Page 398
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. ASET TETAP (lanjutan) 10. FIXED ASSETS (continued)
31 Desember/December 2023
1 Januari / Penambahan/ (Pengurangan)/ 31 Desember/
January 2023 Additions (Deductions) December 2023
Aset tetap Fixed assets
Kepemilikan langsung Direct ownership
Harga perolehan Cost
Tanah 48.570 - - 48.570 Land
Bangunan 50.536 2.460 - 52.996 Buildings
Kendaraan 28 - - 28 Vehicles
Perabotan dan peralatan kantor 269.378 70.147 (5.080) 334.445 Furniture and office equipment
Renovasi bangunan sewa 55.820 14.285 - 70.105 Leasehold improvement
424.332 86.892 (5.080) 506.144
Aset hak guna 142.461 45.080 - 187.541 Right-of-use assets
566.793 131.972 (5.080) 693.685
Akumulasi penyusutan Accumulated depreciation
Bangunan (18.231) (2.515) - (20.746) Buildings
Kendaraan (27) - - (27) Vehicles
Perabot dan peralatan kantor (203.440) (33.145) 5.075 (231.510) Furniture and office equipment
Renovasi bangunan sewa (44.898) (5.723) - (50.621) Leasehold improvement
(266.596) (41.383) 5.075 (302.904)
Aset hak guna (80.434) (26.722) - (107.156) Right-of-use assets
(347.030) (68.105) 5.075 (410.060)
Nilai buku neto 219.763 283.625 Net book value
Seluruh aset tetap kepemilikan langsung kecuali Directly owned fixed assets, except for land, are
tanah, telah diasuransikan dengan pihak berelasi, insured with a related party, PT Zurich Asuransi
PT Zurich Asuransi Indonesia Tbk dengan jumlah Indonesia Tbk, for a sum insured of Rp459,600 and
pertanggungan asuransi sebesar Rp459.600 dan Rp427,198 as of 31 December 2024 and 2023
Rp427.198 pada tanggal 31 Desember 2024 dan respectively, which according to the management,
2023 yang menurut manajemen cukup untuk is sufficient to cover possible losses due to fire,
menutupi kemungkinan kerugian karena kebakaran, flood, public disorder/riots and earthquake.
kebanjiran, huru-hara dan gempa bumi.
Tanah Perseroan berupa sertifikat Hak Guna Land is held in the form of certificates of Hak Guna
Bangunan (“HGB”) yang mempunyai masa manfaat Bangunan (“HGB”) which have useful lives of 20 to
selama 20 sampai dengan 30 tahun yang akan jatuh 30 years and will be due between 24 September
tempo antara 24 September 2025 sampai dengan 2025 to 2 February 2053. Management believes that
2 Februari 2053. Manajemen berpendapat bahwa the HGB can be renewed or extended upon
HGB tersebut dapat diperbaharui atau diperpanjang expiration.
pada saat jatuh tempo.
Rincian keuntungan atas pelepasan aset tetap Details of gain on disposal of fixed assets are as
adalah sebagai berikut: follows:
Tahun yang Berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Hasil pelepasan aset tetap 310 129 Proceed from disposal of fixed assets
Nilai buku aset tetap (47) (5) Book value
Laba atas pelepasan aset tetap 263 124 Gain on disposal of fixed assets
Kerugian atau keuntungan atas pelepasan aset tetap Loss or gain on disposal of fixed assets is
diakui sebagai bagian dari “pendapatan lain-lain” recognized as part of “other income” in the
pada laporan laba rugi dan penghasilan statement of profit or loss and other comprehensive
komprehensif lain. income.
64
Page 399
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. ASET TETAP (lanjutan) 10. FIXED ASSETS (continued)
Manajemen berpendapat tidak terdapat indikasi Management believes that there is no impairment
penurunan nilai atas aset tetap yang dimiliki on the Company’s fixed assets as of 31 December
Perseroan masing-masing pada tanggal 2024 and 2023, respectively.
31 Desember 2024 dan 2023.
Pada 31 Desember 2024 dan 2023, jumlah bruto dari As of 31 December 2024 and 2023, the gross
aset tetap yang telah disusutkan penuh dan masih amount of fixed assets which have been fully
digunakan adalah masing-masing sebesar depreciated and still being used amounted to
Rp239.911 dan Rp216.144. Rp239,911 and Rp216,144 respectively.
Tidak ada aset tetap yang dijadikan jaminan pada There were no fixed assets pledged as collateral as
tanggal 31 Desember 2024 dan 2023. of 31 December 2024 and 2023.
Aset hak guna per 31 Desember 2024 dan 2023 Right-of-use of assets as of 31 December 2024 and
adalah sebagai berikut: 2023 are as follows:
31 Desember/December 2024
1 Januari/ Penambahan/ (Pengurangan)/ 31 Desember/
January 2024 Additions (Deductions) December 2024
Biaya perolehan Cost
Bangunan 168.034 16.379 - 184.413 Buildings
Kendaraan 19.507 1.323 - 20.830 Vehicles
187.541 17.702 - 205.243
Akumulasi penyusutan Accumulated depreciation
Bangunan (95.468) (24.332) - (119.800) Buildings
Kendaraan (11.688) (5.545) - (17.233) Vehicles
(107.156) (29.877) - (137.033)
Nilai buku neto 80.385 68.210 Net book value
31 Desember/December 2023
1 Januari/ Penambahan/ (Pengurangan)/ 31 Desember/
January 2023 Additions (Deductions) December 2023
Biaya perolehan Cost
Bangunan 131.935 36.099 - 168.034 Buildings
Kendaraan 10.526 8.981 - 19.507 Vehicles
142.461 45.080 - 187.541
Akumulasi penyusutan Accumulated depreciation
Bangunan (73.435) (22.033) - (95.468) Buildings
Kendaraan (6.999) (4.689) - (11.688) Vehicles
(80.434) (26.722) - (107.156)
Nilai buku neto 62.027 80.385 Net book value
Perseroan menyewa beberapa aset termasuk The Company had rent a number of assets which
bangunan dan kendaraan. Jangka waktu masa sewa include buildings and vehicles. The period of lease
berkisar 1 - 5 tahun. term ranged between 1 - 5 years.
65
Page 400
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. ASET LAIN-LAIN 11. OTHER ASSETS
31 Desember/ 31 Desember/
December 2024 December 2023
Pihak ketiga Third parties
Setoran dalam perjalanan 31.585 45.248 Deposit in transit
Uang muka 16.200 20.340 Advance payments
Setoran jaminan 2.597 2.537 Security deposits
Biaya provisi dibayar di muka 1.625 1.473 Prepaid provision cost
Pinjaman karyawan 1.218 1.127 Employees loan
Asuransi dibayar di muka 499 432 Prepaid insurance
Biaya jasa penerbitan obligasi 393 445 Prepaid bonds issuance cost
Sewa dibayar di muka 83 83 Prepaid rent
Lain-lain 36.002 21.747 Other
90.202 93.432
Pihak berelasi Related parties
Sewa dibayar di muka 689 765 Prepaid rent
Piutang bunga deposito 137 137 Interest receivables - time deposits
826 902
91.028 94.334
Lain-lain merupakan pemeliharaan dan perawatan Others mainly represent repairment and
sistem teknologi informasi, dan biaya dibayar dimuka. maintenance of information technology system, and
prepaid expenses.
Lihat Catatan 26a untuk rincian saldo dan transaksi Refer to Note 26a for details of balances and
pihak berelasi. transactions with related parties.
12. UTANG USAHA 12. TRADE PAYABLES
31 Desember/ 31 Desember/
December 2024 December 2023
Pihak ketiga Third parties
Utang kendaraan 460.788 861.602 Vehicle payables
Utang asuransi 143.420 155.535 Insurance payables
604.208 1.017.137
Utang usaha merupakan utang kepada pemasok atas Trade payables represent payables to suppliers for
pembiayaan kendaraan bermotor dan utang kepada motor vehicle financing and payables to insurance
perusahaan asuransi yang berkaitan dengan companies in relation to motor vehicle financing and
pembiayaan kendaraan bermotor dan alat berat. heavy equipment.
13. UTANG LAIN-LAIN 13. OTHER PAYABLES
31 Desember/ 31 Desember/
December 2024 December 2023
Pihak ketiga Third parties
Titipan konsumen 126.235 112.429 Customer deposits
PPN keluaran 13.637 25.032 VAT out
Liabilitas pajak Tax liabilities
Pasal 21 847 16.493 Article 21
Pasal 23 772 979 Article 23
PPh final 101 190 Final tax
Liabilitas sewa 6.478 8.219 Lease liabilities
Jasa notaris 983 2.156 Notary service
66
Page 401
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. UTANG LAIN-LAIN (lanjutan) 13. OTHER PAYABLES (continued)
31 Desember/ 31 Desember/
December 2024 December 2023
Pihak ketiga (lanjutan) Third parties (continued)
Barang dan jasa 111 830 Goods and services
Lain-lain 11.666 24.588 Others
160.830 190.916
Pihak berelasi Related parties
Liabilitas sewa 24.353 31.974 Lease liabilities
Pembiayaan bersama 27.033 24.591 Joint financing
Lain-lain 240 240 Others
51.626 56.805
212.456 247.721
Jumlah beban bunga atas liabilitas sewa masing- The balances of interest expense from lease
masing sebesar Rp2.724 dan Rp2.928 untuk tahun liabilities amounted to Rp2,724 and Rp2,928 for the
yang berakhir 31 Desember 2024 dan 2023. years ended 31 December 2024 and 2023,
respectively.
Analisis jatuh tempo utang lain-lain terkait sewa The maturity analysis of other payables related to
adalah sebagai berikut: lease is as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
1 tahun 792 1.224 1 year
2 tahun 7.258 1.912 2 years
3 tahun 21.925 31.496 3 years
4 tahun 856 4.477 4 years
5 tahun - 1.084 5 years
Total 30.831 40.193 Total
Pembiayaan bersama sehubungan dengan porsi Joint financing represents the portion of installment
cicilan pembayaran piutang pembiayaan yang telah payments for financing receivables that have been
diterima dari konsumen namun belum dibayarkan received from customers but have not been paid to
kepada pemberi pembiayaan bersama. joint financing providers.
Lain-lain terutama terdiri dari utang kepada pihak Others mainly consist of payables to third parties
ketiga yang berkaitan dengan utang asuransi dan related to insurance payable and vehicle license
biaya biro jasa Surat Tanda Nomor Kendaraan. service fee.
Lihat Catatan 26b untuk rincian saldo dan transaksi Refer to Note 26b for details of balances and
pihak berelasi. transactions with related parties.
67
Page 402
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. BEBAN YANG MASIH HARUS DIBAYAR 14. ACCRUED EXPENSES
31 Desember/ 31 Desember/
December 2024 December 2023
Pihak ketiga Third parties
Gaji dan tunjangan 122.406 148.356 Salaries and allowances
Bunga yang masih harus dibayar 98.917 96.164 Accrued Interest
Telepon 2.732 1.659 Telephone
Jasa profesional 1.230 934 Professional fee
Perbaikan dan pemeliharaan 1.031 1.037 Repairs and maintenance
Listrik dan air 386 454 Utilities
Promosi 109 374 Promotion
Lain-lain 11.587 8.648 Others
238.398 257.626
Pihak berelasi Related parties
Bunga yang masih harus dibayar 9.543 4.472 Accrued interest
247.941 262.098
Lain-lain terutama terdiri dari beban yang masih Others mainly consist of entertainment, stamps,
harus dibayar terkait jamuan, materai, alat tulis stationary, printing, travelling and training.
kantor, cetakan, perjalanan dinas dan pelatihan.
Lihat Catatan 26b untuk rincian saldo dan transaksi Refer to Note 26b for details of balances and
pihak berelasi. transactions with related parties.
15. PINJAMAN YANG DITERIMA 15. BORROWINGS
31 Desember/ 31 Desember/
Desember 2024 December 2023
Revolving Revolving
Pinjaman bank 3.930.565 1.792.150 Bank loans
Non-revolving Non-revolving
Pinjaman bank 16.018.744 15.817.769 Bank loans
Pinjaman lembaga keuangan Financial institution
non-bank 1.563.817 523.733 non-bank loans
21.513.126 18.133.652
Biaya provisi yang belum diamortisasi (36.930) (36.937) Unamortized provision cost
21.476.196 18.096.715
Jumlah fasilitas ditarik/ Jumlah pinjaman/ Jatuh tempo pinjaman/
Facility amount drawdowned Loan amount Maturity date of the loan
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
December 2024 December 2023 December 2024 December 2023 Desember 2024 December 2023
Pinjaman bank/Bank loans
Revolving
Rupiah
Pihak ketiga/Third parties
PT Bank SMBC Indonesia Tbk April Januari/
(dahulu/formerly PT Bank BTPN Tbk) 300.000 300.000 - 200.000 April 2025 January 2024
300.000 300.000 - 200.000
Pihak berelasi/Related parties
Desember/ Desember/
PT Bank Mandiri (Persero) Tbk 400.000 400.000 240.000 320.000 December 2027 December 2027
Januari/ Januari/
375.000 375.000 231.250 306.250 January 2028 January 2028
Desember/ Desember/
200.000 200.000 160.000 200.000 December 2028 December 2028
68
Page 403
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. PINJAMAN YANG DITERIMA (lanjutan) 15. BORROWINGS (continued)
Jumlah fasilitas ditarik/ Jumlah pinjaman/ Jatuh tempo pinjaman/
Facility amount drawdowned Loan amount Maturity date of the loan
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
December 2024 December 2023 December 2024 December 2023 Desember 2024 December 2023
Pinjaman bank (lanjutan)/
Bank loans (continued)
Revolving
Rupiah
September/ September/
PT Bank Mandiri (Persero) Tbk 97.000 97.000 72.750 92.150 September 2028 September 2028
(lanjutan/continued) Juli/ Juli/
7.000 7.000 5.016 6.417 July 2028 July 2028
Desember/ Desember
9.000 9.000 7.200 9.000 December 2028 December 2028
Januari/
600.000 - 490.000 - January 2029 -
Februari/
100.000 - 83.333 - February 2029 -
April/
100.000 - 33.333 - April 2025 -
Mei/
148.000 - 61.667 - May 2025 -
Juni/
100.000 - 83.333 - June 2027
Juli/
100.000 - 86.111 - July 2027 -
Agustus/
100.000 - 88.889 - August 2027 -
Agustus/
30.000 - 26.667 - August 2027 -
September/
500.000 - 458.333 - September 2027 -
September/
700.000 - 665.000 - September 2029 -
Maret/
18.000 - 15.300 - March 2029 -
April/
11.400 - 9.880 - April 2029 -
Oktober/
550.000 - 527.085 - October 2028 -
Oktober/
300.000 - 287.500 - October 2028 -
November/
100.000 - 97.918 - November 2028 -
Desember/
200.000 - 200.000 - December 2028 -
September/ September/
200.000 200.000 - 200.000 September 2028 September 2024
November
- 500.000 - 458.333 - November 2024
4.945.400 1.788.000 3.930.565 1.592.150
Jumlah/Total revolving 5.245.400 2.088.000 3.930.565 1.792.150
Non-revolving
Rupiah
Pihak ketiga/Third parties
PT Bank Central Asia Tbk Februari/ Februari/
500.000 500.000 27.778 194.444 February 2025 February 2025
Juni/ Juni/
600.000 600.000 100.000 300.000 June 2025 June 2025
Oktober/ Oktober/
400.000 400.000 111.111 244.444 October 2025 October 2025
Juli/ Juli/
1.500.000 1.500.000 291.667 791.667 July 2025 July 2025
November/ November/
1.000.000 1.000.000 305.556 638.889 November 2025 November 2025
Januari/ Januari/
500.000 500.000 260.417 385.417 January 2027 January 2027
Maret/ Maret/
500.000 500.000 208.333 375.000 March 2026 March 2026
Juni/ Juni/
1.600.000 1.600.000 800.000 1.333.333 June 2026 June 2026
September/ September/
500.000 500.000 291.667 458.333 September 2026 September 2026
Desember/ Desember/
1.000.000 1.000.000 666.667 1.000.000 December 2026 December 2026
69
Page 404
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. PINJAMAN YANG DITERIMA (lanjutan) 15. BORROWINGS (continued)
Jumlah fasilitas/ Jumlah pinjaman/ Jatuh tempo fasilitas/
Facility amount Loan amount Maturity date of the facility
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
December 2024 December 2023 December 2024 December 2023 Desember 2024 December 2023
Pinjaman bank (lanjutan)/
Bank loans (continued)
Non-revolving (lanjutan/continued)
Rupiah (lanjutan/continued)
Pihak ketiga/Third parties (lanjutan/ continued)
PT Bank Central Asia Tbk Desember/ Desember/
400.000 400.000 266.667 400.000 December 2026 December 2026
Desember/ Desember/
500.000 500.000 333.333 500.000 December 2026 December 2026
Juni/
1.000.000 - 833.333 - June 2027 -
Juni/
1.000.000 - 833.333 - June 2027 -
Agustus/
1.000.000 - 888.889 - August 2027 -
Desember/
700.000 - 700.000 - December 2027 -
Januari/
- 555.000 - 15.417 - January 2024
Maret/
- 700.000 - 58.333 - March 2024
September
- 1.000.000 - 250.000 - September 2024
Maret/ Maret/
PT Bank UOB Indonesia 260.000 300.000 25.000 125.000 March 2025 March 2025
September/ September/
260.000 300.000 75.000 175.000 September 2025 September 2025
Desember/
PT Bank Danamon Indonesia Tbk - 500.000 - 166.667 - December 2024
Januari/ Januari/
500.000 500.000 13.889 180.556 January 2025 January 2025
Oktober/ Oktober/
1.000.000 1.000.000 277.778 611.111 October 2025 October 2025
PT Bank Pan Indonesia Tbk Mei/ Mei/
1.000.000 1.000.000 138.889 472.222 May 2025 May 2025
November/ November/
1.000.000 1.000.000 305.555 638.889 November 2025 November 2025
Maret/ Maret/
500.000 500.000 208.333 375.000 March 2026 March 2026
April/ April/
500.000 500.000 222.222 388.889 April 2026 April 2026
Oktober/ Oktober/
1.000.000 1.000.000 611.111 944.444 October 2026 October 2026
Mei
1.000.000 - 805.555 - May 2027 -
September/
1.000.000 - 916.667 - September 2027 -
Juni/
- 1.000.000 - 166.667 - June 2024
Desember/
PT Bank KEB Hana Indonesia - 300.000 - 106.295 - December 2024
Desember/
PT Bank DKI - 300.000 - 106.295 - December 2024
Maret/ Maret/
200.000 200.000 18.072 87.716 March 2025 March 2025
Maret/
1.000.000 - 768.601 - March 2027 -
Maret/ Maret/
PT Bank CIMB Niaga Tbk 500.000 500.000 41.667 208.333 March 2025 March 2025
Maret/ Maret/
400.000 400.000 166.667 300.000 March 2026 March 2026
Desember/
PT Bank QNB Indonesia Tbk - 300.000 - 100.000 - December 2024
Agustus/ Agustus/
300.000 300.000 166.667 266.667 August 2026 August 2026
Juni/ Juni/
PT Bank Permata Tbk 400.000 400.000 66.667 200.000 June 2025 June 2025
Juni/ Juni/
PT Bank Oke Indonesia Tbk 500.000 500.000 89.851 261.494 June 2025 June 2025
Juli/ Juli/
PT Bank China Construction Bank Indonesia Tbk 430.000 430.000 89.921 236.782 July 2025 July 2025
November/ November/
300.000 300.000 198.331 292.430 November 2026 November 2026
PT Bank Pembangunan Daerah Agustus/ Agustus/
Jawa Barat dan Banten Tbk 500.000 500.000 277.778 444.444 August 2026 August 2026
Agustus/ Agustus/
PT Bank of India Indonesia Tbk 500.000 500.000 277.778 444.444 Agustus 2026 Agustus 2026
Januari/
PT Bank Maybank Indonesia Tbk 750.000 - 520.833 - January 2027 -
70
Page 405
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. PINJAMAN YANG DITERIMA (lanjutan) 15. BORROWINGS (continued)
Jumlah fasilitas/ Jumlah pinjaman/ Jatuh tempo fasilitas/
Facility amount Loan amount Maturity date of the facility
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
December 2024 December 2023 December 2024 December 2023 December 2024 December 2023
Pinjaman bank (lanjutan)/
Bank loans (continued)
Non-revolving (lanjutan/continued)
Rupiah (lanjutan/continued)
Pihak ketiga/Third parties (lanjutan/ continued)
April/
PT Bank Maspion Indonesia Tbk 300.000 300.000 233.333 - April 2027 -
26.800.000 24.085.000 13.434.916 14.244.622
Mata uang asing/Foreign currency
Pihak ketiga/Third parties
Februari/ Februari/
PT Bank Mizuho Indonesia 756.250 756.250 336.708 578.100 February 2026 February 2026
MUFG Bank, Ltd., Cabang Jakarta April/ April/
MUFG Bank, Ltd., Jakarta Branch 409.459 409.459 76.770 219.678 April 2025 April 2025
Februari/
PT Bank Danamon Indonesia Tbk 1.000.000 - 742.057 - February 2027 -
Juli/
500.000 - 429.016 - July 2027 -
Juli/
PT Bank Permata Tbk 400.000 - 365.243 - July 2027 -
Agustus/
315.000 - 292.955 - August 2027 -
3.380.709 1.165.709 2.242.749 797.778
Rupiah
Pihak berelasi/Related parties
April/
PT Bank Mandiri (Persero) Tbk - 200.000 - 24.346 - April 2024
Mei/ Mei/
400.000 400.000 47.065 154.592 May 2025 May 2025
Desember/ Desember/
450.000 450.000 112.500 225.000 December 2025 December 2025
Oktober/ Oktober/
93.000 93.000 42.625 65.875 October 2026 October 2026
Oktober/ Oktober/
PT Bank Tabungan Negara (Persero) Tbk 500.000 500.000 138.889 305.556 October 2025 October 2025
1.443.000 1.643.000 341.079 775.369
Pinjaman Lembaga keuangan non-bank/
Financial institution non-bank loans
PT Sarana Multigriya Juli/ Juli/
Finansial (Persero) 600.000 600.000 331.723 523.733 July 2026 July 2026
Maret/
500.000 - 384.368 - March 2027 -
Juni/
1.000.000 - 847.726 - June 2027 -
2.100.000 600.000 1.563.817 523.733
Jumlah/Total non-revolving 33.723.709 27.493.709 17.582.561 16.341.502
Jumlah/Total 38.969.109 29.581.709 21.513.126 18.133.652
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, the Company
Perseroan telah memenuhi persyaratan dan kondisi has complied with the terms and conditions set forth
yang tertuang di dalam perjanjian pinjaman bank. in the bank loan agreement.
71
Page 406
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. PINJAMAN YANG DITERIMA (lanjutan) 15. BORROWINGS (continued)
Saldo pinjaman bank dan lembaga keuangan non Bank loans and non-bank financial institution loans
bank sesuai dengan tanggal jatuh temponya sebagai balance based on maturity date follows:
berikut:
31 Desember/ 31 Desember/
December 2024 December 2023
Tahun Year
2024 - 9.415.867 2024
2025 10.782.999 6.011.977 2025
2026 7.135.356 2.705.808 2026
2027 dan sesudahnya 3.594.771 - 2027 and there after
21.513.126 18.133.652
Pada tanggal 31 Desember 2024 dan 2023, As of 31 December 2024 and 2023, the Company
Perseroan memiliki fasilitas pinjaman yang belum has undrawn loan facilities with details as follows:
ditarik dengan rincian sebagai berikut:
31 Desember/December 2024
Jumlah fasilitas
yang belum
ditarik/
Nama bank/ Jenis pinjaman/ Nomor perjanjian/ Tanggal perjanjian/ Jumlah fasilitas/ Undrawn facility Jatuh tempo fasilitas/
Bank name Loan type Agreement number Agreement date Facility amount amount Maturity date facility
Revolving:
PT Bank Mandiri (Persero) Tbk Pinjaman Kredit Modal Kerja 167 23 September/ 3.925.000 31.833 23 September/
Executing 15 September 2024 September 2025
Working Capital Facility15
Pinjaman Kredit Modal Kerja 169 23 September/ 150.000 112.603 23 September/
Auto Loan Pegawai/ September 2024 September 2025
Working Capital Facility
Auto Loan Employee 23 September/ 23 September/
Pinjaman Kredit Modal Kerja 168 September 2024 200.000 200.000 September 2025
Revolving
PT Bank ANZ Indonesia Fasilitas Modal Kerja/ 1300/FA/ANZ/AMD/ 27 Juni/ 242.430 242.430 30 Juni/
Working Capital Facility VI/2024 June 2024 June 2025
Fasilitas Kredit Berulang 1299/FA/ANZ/AMD/VI/2024 27 Juni/ 323.240 323.240 30 Juni/
Tanpa Komitmen June 2024 June 2025
Uncommitted Revolving
Credit Facility
PT Bank Danamon Indonesia Tbk Fasilitas Modal Kerja/ B.756/ARO/EB/1024 17 Desember/ 150.000 150.000 30 Agustus/
Working Capital Facility December 2024 August 2025
MUFG Bank, Ltd., Cabang Jakarta/ Fasilitas Pinjaman Jangka Pendek
MUFG Bank, Ltd., Jakarta Branch Tanpa Komitmen 2024-0002527 27 Mei/ 808.100 808.100 28 Februari/
Uncommitted Short Term May 2024 February 2025
Loan Facility
PT Bank OCBC NISP Tbk Fasilitas Demand Loan/ 506/ILS-JKT/PK/X/2024 8 November/ 200.000 200.000 10 November/
Demand Loan Facility November 2024 November 2025
PT Bank Central Asia Tbk Pinjaman Berjangka 67 21 Mei/ 553.000 553.000 11 Maret/
Money Market/ May 2024 March 2025
PT Bank Permata Tbk Money Market Loan/ 0845/MM/ADD/IV/2024/CG6 19 April/ 100.000 100.000 15 Februari/
Money Market Loan April 2024 February 2025
PT Bank HSBC Indonesia Pinjaman Berulang I/ JAK/210416/U/00547045 17 Juni/ 250.000 250.000 31 Juli/
Revolving Loan I June 2021 July 2025
PT Bank CTBC Indonesia Pinjaman Jangka Pendek/ 472/ADD/XII/2024 18 Desember/ 200.000 200.000 7 Desember/
Short Term Loan December 2024 December 2025
PT Bank Rakyat Indonesia Kredit Jangka Pendek/ 70 24 Oktober/ 100.000 100.000 24 Oktober/
(Persero) Tbk Short Term Loan October 2024 October 2025
PT Bank SMBC Indonesia Tbk
(dahulu/formerly
PT Bank BTPN Tbk) Loan on Note BTPN/NS/0095 13 Mei/May 2024 300.000 300.000 30 April/April 2025
PT Bank UOB Indonesia Revolving Credit Facility 883/06/2024 25 Juni/June 2024 300.000 300.000 29 Mei/May 2025
Jumlah/Total revolving 7.801.770 3.871.206
72
Page 407
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. PINJAMAN YANG DITERIMA (lanjutan) 15. BORROWINGS (continued)
Pada tanggal 31 Desember 2024 dan As of 31 December 2024 and 2023, the Company
2023, Perseroan memiliki fasilitas pinjaman yang has undrawn loan facilities with details as follows:
belum ditarik dengan rincian sebagai berikut: (continued)
(lanjutan)
31 Desember/December 2024
Jumlah fasilitas
yang belum
ditarik/
Nama bank/ Jenis pinjaman/ Nomor perjanjian/ Tanggal perjanjian/ Jumlah fasilitas/ Undrawn facility Jatuh tempo fasilitas/
Bank name Loan type Agreement number Agreement date Facility amount amount Maturity date facility
Non-revolving:
21 Mei/ 31 Desember/
PT Bank Central Asia Tbk Installment Loan 19 67 May 2024 5.000.000 1.300.000 December 2025
Pinjaman Berjangka/ 19 September/ 25 September/
PT Bank Mizuho Indonesia Term Loan 927/AMD/MZH/0924 September 2024 1.616.200 1.616.200 September 2025
16 Mei/ 16 Mei/
PT Bank DBS Indonesia Amortized Term Loan 118/PFP-DBSI/V/1-2/2024 May 2024 500.000 500.000 May 2025
25 November/ 25 Mei/
PT Bank Pan Indonesia Tbk Pinjaman Tetap 25 64 November 2024 1.000.000 1.000.000 May 2025
17 Desember/ 17 Desember/
PT Bank Danamon Indonesia Tbk Term Loan 7 191 December 2024 1.500.000 1.500.000 December 2025
Jumlah/Total non-revolving 9.616.200 5.916.200
Jumlah/Total 17.417.970 9.787.406
31 Desember/December 2023
Jumlah fasilitas
yang belum
ditarik/
Nama bank/ Jenis pinjaman/ Nomor perjanjian/ Tanggal perjanjian/ Jumlah fasilitas/ Undrawn facility Jatuh tempo fasilitas/
Bank name Loan type Agreement number Agreement date Facility amount amount Maturity date facility
Revolving:
PT Bank Mandiri (Persero) Tbk Pinjaman Kredit Modal Kerja 154 27 September/ 550.000 550.000 27 September/
Revolving/ September 2023 September 2024
Working Capital Facility
Revolving
Pinjaman Kredit Modal Kerja 154 27 September/ 700.000 41.667 21 Desember/
Revolving/ September 2023 December 2028
Working Capital Facility
Revolving
Pinjaman Kredit Modal Kerja 154 27 September/ 50.000 34.583 27 September/
Auto Loan Pegawai/ September 2023 September 2024
Working Capital Facility
Auto Loan Employee
Pinjaman Kredit Modal 154 27 September/ 775.000 56.600 14 September/
Kerja Revolving/ September 2023 September 2028
Working Capital Facility
Revolving
PT Bank ANZ Indonesia Fasilitas Modal Kerja/ 110/FA/ANZ/NEW/ 11 Oktober/ 231.240 231.240 28 Juni/
Working Capital Facility X/2018 October 2018 June 2024
Fasilitas Kredit Berulang 1138/FA/ANZ/NEW/IX/2023 22 September/ 308.320 308.320 22 Juni/
Tanpa Komitmen September 2023 June 2024
Loan Facility Revolving
Without Commitment
PT Bank Danamon Indonesia Tbk Fasilitas Modal Kerja/ 100 26 September/ 150.000 150.000 30 Agustus/
Working Capital Facility September 2019 August 2024
MUFG Bank, Ltd., Cabang Jakarta/ KMK Revolving/ 15-0581LN 11 Februari/ 770.800 770.800 28 Februari/
MUFG Bank, Ltd., Jakarta Branch Working Capital Facility February 2016 February 2024
Revolving
PT Bank OCBC NISP Tbk Fasilitas Demand Loan/ 102/CBL/PPP/III/2019 29 Maret/ 200.000 200.000 10 November/
Demand Loan Facility March 2019 November 2024
PT Bank BTPN Tbk Loan On Note (STL)/ BTPN/NS/0095 24 Mei/ 300.000 100.000 10 Januari/
Loan on Note May 2021 January 2024
PT Bank Central Asia Tbk Pinjaman Berjangka 17 6 April/ 553.000 553.000 11 Maret/
Money Market/ April 2022 March 2024
Term Loan
Money Market
PT Bank Permata Tbk Money Market Loan/ 46 27 April/ 100.000 100.000 15 Februari/
Money Market Loan April 2022 February 2024
PT Bank HSBC Indonesia Pinjaman Berulang I/ JAK/210416/U/00547045 17 Juni/ 250.000 250.000 31 Juli/
Revolving Loan I June 2021 July 2024
PT Bank CTBC Indonesia Pinjaman Jangka Pendek/ 317/XI/2022 2 November/ 200.000 200.000 7 Februari/
Short Term Loan November 2022 February 2024
PT Bank UOB Indonesia Revolving Credit Facility/ 1540 21 November/ 124.999 124.999 29 Mei/
Loan Facility Revolving November 2022 May 2024
PT Bank Rakyat Indonesia Kredit Jangka Pendek/ 86 24 Oktober/ 100.000 100.000 24 Oktober/
(Persero) Tbk Short Term Loan October 2023 October 2024
Jumlah/Total revolving 5.363.359 3.771.209
73
Page 408
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. PINJAMAN YANG DITERIMA (lanjutan) 15. BORROWINGS (continued)
Pada tanggal 31 Desember 2024 dan As of 31 December 2024 and 31 December 2023, the
31 Desember 2023, Perseroan memiliki fasilitas Company has undrawn loan facilities with details as
pinjaman yang belum ditarik dengan rincian sebagai follows: (continued)
berikut: (lanjutan)
31 Desember/December 2023
Jumlah fasilitas
yang belum
ditarik/
Nama bank/ Jenis pinjaman/ Nomor perjanjian/ Tanggal perjanjian/ Jumlah fasilitas/ Undrawn facility Jatuh tempo fasilitas/
Bank name Loan type Agreement number Agreement date Facility amount amount Maturity date facility
Non-revolving:
PT Bank Permata Tbk Term Loan 2/ 25 12 April/ 800.000 800.000 12 Januari/
Term Loan 2 April 2023 January 2024
PT Bank Maybank Indonesia Tbk Pinjaman Berjangka/ 9 7 September/ 750.000 750.000 7 September/
Term Loan September 2023 September 2024
PT Bank Maspion Indonesia Tbk Fixed Loan Sliding/ 85 18 September/ 300.000 300.000 18 September/
Fixed Loan Sliding September 2023 September 2024
PT Bank Danamon Indonesia Tbk Term Loan 6/ 14 13 November/ 1.500.000 1.500.000 13 November/
Term Loan 6 November 2023 November 2024
Jumlah/Total non-revolving 3.350.000 3.350.000
Jumlah/Total 8.713.359 7.121.209
Pinjaman bank dalam rupiah di atas dikenakan The bank loans denominated in Rupiah bear interest
bunga antara 6,00% - 7,60% pada tahun yang rates ranging between 6.00% - 7.60% for the year
berakhir pada tanggal 31 Desember 2024 dan 2023. ended 31 December 2024 and 2023. The bank loans
Pinjaman bank dalam mata uang asing dikenakan denominated in foreign currency bear interest of
bunga USD-SOFR+0,60%-1,20% per tahun dan USD-SOFR+0.60%-1.20% per annum and USD-
USD-SOFR+1,20% per tahun pada tahun yang SOFR+1.20% per annum for the year ended
berakhir pada tanggal 31 Desember 2024 dan 2023. 31 December 2024 and 2023, respectively.
Selama tahun yang berakhir pada tanggal During the years, ended 31 December 2024 and
31 Desember 2024 dan 2023, Perseroan telah 2023, the Company has paid the loan principal and
melakukan pembayaran cicilan pokok dan bunga interest installments on schedule.
pinjaman sesuai jadwal yang ditetapkan.
Pinjaman-pinjaman ini dijamin dengan piutang These loans are secured by consumer financing
pembiayaan konsumen sejumlah Rp9.259.955 pada receivables amounting to Rp9,259,955 as of
tanggal 31 Desember 2024 (31 Desember 2023: 31 December 2024 (31 December 2023:
Rp9.818.990) dan piutang sewa pembiayaan Rp9,818,990) and finance lease receivables
sejumlah Rp1.238.030 pada tanggal amounting to Rp1,238,030 as of 31 December 2024
31 Desember 2024 (31 Desember 2023: Rp874.859). (31 December 2023: Rp874,859).
Fasilitas pinjaman dari beberapa bank dan bank The loan facilities from those banks and syndicated
sindikasi tersebut mensyaratkan Perseroan untuk banks require the Company to provide a written
memberikan pemberitahuan tertulis dalam hal notice in respect of dividend payments, changes of
pembagian dividen, perubahan modal dan capital and shareholders, changes of directors and
pemegang saham, perubahan susunan direksi dan commissioners, changes of main business,
komisaris, perubahan bisnis utama, investasi dan investment and obtaining new loan facilities from
perolehan pinjaman baru dari bank lain. other banks.
Dalam perjanjian pinjaman tersebut, Perseroan juga Under the loan agreements, the Company is also
diwajibkan untuk memenuhi persyaratan keuangan obliged to comply with financial covenants such as
seperti rasio jumlah utang bunga terhadap ekuitas gearing ratio not exceeding 10:1 and other reporting
tidak melebihi rasio 10:1 dan kewajiban obligations. As of 31 December 2024 and 2023, the
penyampaian laporan lainnya. Pada tanggal Company has complied with the terms and
31 Desember 2024 dan 2023, Perseroan telah conditions set forth in the bank loan agreement.
memenuhi persyaratan dan kondisi yang tertuang di
dalam perjanjian pinjaman bank.
Fasilitas-fasilitas pinjaman ini dipergunakan untuk The loan facilities are used for the Company’s
modal kerja kegiatan usaha Perseroan. working capital.
74
Page 409
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. PINJAMAN YANG DITERIMA (lanjutan) 15. BORROWINGS (continued)
Lihat Catatan 26b untuk rincian saldo dan transaksi Refer to Note 26b for details of balances and
dengan pihak berelasi. transactions with related parties.
16. INSTRUMEN KEUANGAN DERIVATIF 16. DERIVATIVE FINANCIAL INSTRUMENTS
31 Desember/December 2024
Jumlah nosional Nilai wajar/Fair values
mata uang asing
(jumlah penuh)/ Piutang Utang
Notional amount in derivatif/ derivatif/
foreign currency Derivative Derivative
Instrumen (full amount) receivables payables Instruments
Terkait nilai tukar Foreign exchange and
dan suku bunga interest rate related
Swap mata uang asing dan Cross currency swaps and
suku bunga interest rate
MUFG Bank,Ltd.,Cabang Jakarta USD 4.750.000 7.979 - MUFG Bank,Ltd.,Jakarta Branch
PT Bank Mizuho Indonesia USD 20.833.338 22.045 - PT Bank Mizuho Indonesia
PT Bank Danamon Indonesia Tbk USD 45.913.682 14.014 - PT Bank Danamon Indonesia Tbk
PT Bank Danamon Indonesia Tbk USD 26.544.732 - 6.579 PT Bank Danamon Indonesia Tbk
PT Bank Permata Tbk USD 22.598.870 - 6.075 PT Bank Permata Tbk
PT Bank Permata Tbk USD 18.126.177 970 - PT Bank Permata Tbk
45.008 12.654
31 Desember/December 2023
Jumlah nosional Nilai wajar/Fair values
mata uang asing
(jumlah penuh)/ Piutang Utang
Notional amount in derivatif/ derivatif/
foreign currency Derivative Derivative
Instrumen (full amount) receivables payables Instruments
Terkait nilai tukar Foreign exchange and
dan suku bunga interest rate related
Swap mata uang asing dan Cross currency swaps and
suku bunga interest rate
MUFG Bank,Ltd.,Cabang Jakarta USD 14.250.000 12.374 - MUFG Bank,Ltd.,Jakarta Branch
PT Bank Mizuho Indonesia USD 37.500.002 16.559 - PT Bank Mizuho Indonesia
28.933 -
Perseroan menghadapi risiko pasar, terutama karena The Company is exposed to market risks, primarily
perubahan kurs mata uang asing dan tingkat bunga to changes in foreign currency exchange and
mengambang, dan menggunakan instrumen derivatif floating interest rates, and uses derivative
untuk lindung nilai atas risiko tersebut sebagai bagian instruments to hedge these risks as part of its risk
dari manajemen risiko. Perseroan tidak memiliki atau management activities. The Company does not
menerbitkan instrumen derivatif untuk tujuan-tujuan hold or issue derivative instruments for trading
diperdagangkan. purposes.
Selisih nilai wajar instrumen derivatif yang ditujukan The fair value difference of derivative instruments
sebagai lindung nilai arus kas dan laba (rugi) selisih designated as cash flow hedges and foreign
kurs atas utang bank dalam mata uang asing neto exchange gain (loss) of bank loan denominated in
setelah pajak dicatat pada penghasilan komprehensif foreign currency net of taxes were reported as other
lain sebesar (Rp20.225) pada comprehensive income amounting to (Rp20,225) in
31 Desember 2024 dan Rp8.990 pada 31 Desember 31 December 2024 and Rp8,990 in 31 December
2023. Saldo kerugian kumulatif yang timbul dari 2023. Cumulative losses from the changes in fair
perubahan nilai wajar instrumen derivatif tersebut value of derivative instrument are presented as
disajikan sebagai ”Keuntungan (kerugian) kumulatif “Cumulative gain (loss) on derivative instrument for
atas instrumen derivatif untuk lindung nilai arus kas - cash flow hedges - net” a in the equity amounted to
neto” pada ekuitas masing-masing sebesar (Rp17,423) and Rp2,802 as of 31 December 2024
(Rp17.423) dan Rp2.802 pada tanggal 31 Desember and 2023, respectively.
2024 dan 2023.
75
Page 410
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. INSTRUMEN KEUANGAN DERIVATIF (lanjutan) 16. DERIVATIVE FINANCIAL INSTRUMENTS
(continued)
MUFG Bank, Ltd., Cabang Jakarta MUFG Bank, Ltd., Jakarta Branch
Perseroan melakukan kontrak swap mata uang dan The Company entered into cross currency swap
suku bunga dengan MUFG Bank, Ltd., Cabang contracts and interest rate swap contracts with
Jakarta dengan rincian sebagai berikut: MUFG Bank, Ltd., Jakarta Branch with details as
follows:
Dasar pinjaman/ Nilai kontrak/ Tanggal perjanjian/ Tanggal jatuh tempo/ Jenis kontrak swap/
Underlying loan Contract value Agreement date Maturity date Type of swap contract
11 Maret/ 11 April/ Swap mata uang dan suku bunga/
Bilateral Loan/Bilateral Loan USD28.500.000 March 2022 April 2025 Cross currency interest rate swaps
Perseroan membayar angsuran pokok dan bunga The Company pays installments of principal and
setiap 3 (tiga) bulan dengan tingkat suku bunga tetap interest every 3 (three) months at annual fixed rate
sebesar 6,00% dan menerima dengan tingkat suku by 6.00% and receives a floating rate of SOFR
bunga mengambang SOFR Compound + 1,20% Compound +1.20% in USD for cross-currency and
dalam USD untuk kontrak swap mata uang dan suku interest rate swap.
bunga.
PT Bank Mizuho Indonesia PT Bank Mizuho Indonesia
Perseroan melakukan kontrak swap mata uang dan The Company entered into cross currency swap
suku bunga dengan PT Bank Mizuho Indonesia contracts and interest rate swap contracts with
dengan rincian sebagai berikut: PT Bank Mizuho Indonesia as follows:
Dasar pinjaman/ Nilai kontrak/ Tanggal perjanjian/ Tanggal jatuh tempo/ Jenis kontrak swap/
Underlying loan Contract value Agreement date Maturity date Type of swap contract
Bilateral loan/ 8 April/ 13 Februari/ Swap mata uang dan suku bunga/
Bilateral loan USD50.000.000 April 2022 February 2026 Cross currency interest rate swaps
Perseroan membayar angsuran pokok dan bunga The Company pays installments of principal and
setiap 3 (tiga) bulan dengan tingkat suku bunga tetap interest every 3 (three) months at annual fixed rate
sebesar 6,98%, dan menerima dengan tingkat by 6.98% and has received a floating rate of
bunga mengambang SOFR Compound +1,08% SOFR Compound +1.08% in USD for cross-
dalam USD untuk kontrak swap mata uang dan suku currency and interest rate swap.
bunga.
PT Bank Danamon Indonesia Tbk PT Bank Danamon Indonesia Tbk
Perseroan melakukan kontrak swap mata uang dan The Company entered into cross currency swap
suku bunga dengan PT Bank Danamon Indonesia contracts and interest rate swap contracts with
Tbk dengan rincian sebagai berikut: PT Bank Danamon Indonesia Tbk with details as
follows:
Dasar pinjaman/ Nilai kontrak/ Tanggal perjanjian/ Tanggal jatuh tempo/ Jenis kontrak swap/
Underlying loan Contract value Agreement date Maturity date Type of swap contract
13 November/ 12 Februari/ Swap mata uang dan suku bunga/
Bilateral Loan/Bilateral Loan USD63.572.791 November 2023 February 2027 Cross currency interest rate swaps
13 November/ 23 Juli/ Swap mata uang dan suku bunga/
Bilateral Loan/Bilateral Loan USD30.826.140 November 2023 July 2027 Cross currency interest rate swaps
76
Page 411
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. INSTRUMEN KEUANGAN DERIVATIF (lanjutan) 16. DERIVATIVE FINANCIAL INSTRUMENTS
(continued)
PT Bank Danamon Indonesia Tbk (lanjutan) PT Bank Danamon Indonesia Tbk (continued)
Perseroan membayar angsuran pokok dan bunga The Company pays installments of principal and
setiap bulan dengan tingkat suku bunga tetap interest every month at annual fixed rate by 6.85%
masing-masing sebesar 6,85% dan 7,03% dan and 7.03% each and receives a floating rate of
menerima dengan tingkat suku bunga mengambang Term SOFR + 0.69% and Term SOFR + 0.60%
masing-masing Term SOFR + 0,69% dan Term each in USD for cross-currency and interest rate
SOFR + 0,60% dalam USD untuk kontrak swap mata swap.
uang dan suku bunga.
PT Bank Permata Tbk PT Bank Permata Tbk
Perseroan melakukan kontrak swap mata uang dan The Company entered into cross currency swap
suku bunga dengan PT Bank Permata Tbk dengan contracts and interest rate swap contracts with
rincian sebagai berikut: PT Bank Permata Tbk with details as follows:
Dasar pinjaman/ Nilai kontrak/ Tanggal perjanjian/ Tanggal jatuh tempo/ Jenis kontrak swap/
Underlying loan Contract value Agreement date Maturity date Type of swap contract
12 April/ 24 Juli/ Swap mata uang dan suku bunga/
Bilateral Loan/Bilateral Loan USD24.653.312 April 2023 July 2027 Cross currency interest rate swaps
12 April/ 14 Agustus/ Swap mata uang dan suku bunga/
Bilateral Loan/Bilateral Loan USD19.774.011 April 2023 August 2027 Cross currency interest rate swaps
Perseroan membayar angsuran pokok dan bunga The Company pays installments of principal and
setiap 3 (tiga) bulan dengan tingkat suku bunga tetap interest every 3 (three) months at annual fixed rate
masing-masing sebesar 7,00% dan menerima by 7.00% each and receives a floating rate of Term
dengan tingkat suku bunga mengambang masing- SOFR + 0.60% and Term SOFR + 0.63% in USD
masing Term SOFR + 0,60% dan Term SOFR + for cross-currency and interest rate swap.
0,63% dalam USD untuk kontrak swap mata uang
dan suku bunga.
Kontrak swap mata uang dan suku bunga Perseroan The Company’s cross currency and interest rate
telah memenuhi kriteria dan berlaku efektif sebagai swap contracts are designated as effective cash
lindung nilai arus kas. Oleh karenanya, nilai wajar flow hedge. Therefore, the fair value of the
instrumen lindung nilai disajikan pada penghasilan hedging instrument is presented under other
komprehensif lainnya di bagian ekuitas. Aset atau comprehensive income in the equity section. The
liabilitas terkait yang timbul dari transaksi swap related assets or liabilities arising from the swap
tersebut disajikan pada piutang atau utang derivatif. transaction is presented under derivative
receivables or payables.
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED
31 Desember/ 31 Desember/
December 2024 December 2023
Obligasi Berkelanjutan IV Tahap I - 200.000 Continuing Bonds IV Phase I
Obligasi Berkelanjutan IV Tahap II - 658.000 Continuing Bonds IV Phase II
Obligasi Berkelanjutan V Tahap I 386.000 386.000 Continuing Bonds V Phase I
Obligasi Berkelanjutan V Tahap II 485.700 1.400.850 Continuing Bonds V Phase II
Obligasi Berkelanjutan V Tahap III 1.228.055 1.228.055 Continuing Bonds V Phase III
Obligasi Berkelanjutan VI Tahap I 691.735 691.735 Continuing Bonds VI Phase I
Obligasi Berkelanjutan VI Tahap II 1.131.110 1.131.110 Continuing Bonds VI Phase II
Obligasi Berkelanjutan VI Tahap III 1.163.085 - Continuing Bonds VI Phase III
Obligasi Berkelanjutan VI Tahap IV 1.609.110 - Continuing Bonds VI Phase IV
6.694.795 5.695.750
77
Page 412
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
31 Desember/ 31 Desember/
December 2024 December 2023
Dikurangi: Less:
Beban emisi yang belum diamortisasi: Unamortized issuance cost:
Saldo awal 8.235 5.668 Beginning balance
Penambahan 8.764 6.283 Additions
Amortisasi (lihat Catatan 22) (4.129) (3.716) Amortization (refer to Note 22)
12.870 8.235
Total 6.681.925 5.687.515 Total
Surat berharga yang diterbitkan sesuai dengan jatuh Securities issued based on maturity profile, are as
temponya sebagai berikut: follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Tahun Year
2024 - 1.773.150 2024
2025 1.237.440 1.237.440 2025
2026 1.729.535 1.729.535 2026
2027 dan sesudahnya 3.727.820 955.625 2027 and there after
6.694.795 5.695.750
Obligasi Berkelanjutan IV Continuing Bonds IV
Obligasi Berkelanjutan IV Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds IV
Tahap I Tahun 2019 Phase I Year 2019
Pada tanggal 8 Januari 2019 Perseroan telah On 8 January 2019, the Company issued Mandiri
menerbitkan Obligasi Berkelanjutan IV Mandiri Tunas Finance Continuing Bonds IV Phase I Year
Tunas Finance Tahap I Tahun 2019 (”Obligasi 2019 (“Continuing Bonds IV Phase I”) with details
Berkelanjutan IV Tahap I”) dengan rincian sebagai as follows:
berikut:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series B 200.000 9,75% 8 Januari/ Pembayaran penuh pada saat jatuh
January 2024 tempo/Bullet payment on due date
78
Page 413
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan IV (lanjutan) Continuing Bonds IV (continued)
Obligasi Berkelanjutan IV Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds IV
Tahap I Tahun 2019 (lanjutan) Phase I Year 2019 (continued)
Obligasi tersebut dijamin dengan piutang These bonds are secured by the Company’s
pembiayaan konsumen Perseroan sebesar minimum consumer financing receivables for a minimum
60% untuk Obligasi Berkelanjutan IV Tahap I dari amount of 60% of the nominal value of Continuing
pokok obligasi terutang. Pada tanggal 31 Desember Bonds IV Phase I. As of nd 31 December 2023, the
2023, piutang pembiayaan konsumen yang amount of consumer financing receivables that are
dijaminkan adalah sejumlah Rp101.379, sedangkan as security for bonds payable is Rp101,379,
piutang sewa pembiayaan yang dijaminkan adalah respectively, while finance lease receivables that
sejumlah Rp18.621 (lihat Catatan 5 dan 6). Jika are Rp18,621, respectively (refer to Note 5 and 6).
jumlah piutang pembiayaan konsumen kurang dari If the amount of consumer financing receivables is
yang dipersyaratkan, maka akan dipenuhi dari uang less than the requirement, the Company has to
tunai yang ditempatkan pada rekening place sufficient cash into an escrow account
penampungan atas nama Perseroan yang ditunjuk established by PT Bank Rakyat Indonesia Tbk as
oleh PT Bank Rakyat Indonesia (Persero) Tbk selaku trustee for Continuing Bonds IV Phase I.
wali amanat untuk Obligasi Berkelanjutan IV
Tahap I.
Dalam perjanjian perwaliamanatan juga diatur The trustee agreement provides several negative
beberapa pembatasan yang harus dipenuhi oleh covenants to the Company, among others,
Perseroan, antara lain memberikan jaminan fidusia collateral with fiduciary transfer of consumer
berupa piutang pembiayaan konsumen dan rasio financing receivables and debt to equity ratio not to
jumlah pinjaman terhadap ekuitas tidak melebihi exceed 10:1. Moreover, during the year that the
rasio 10:1. Selain itu, selama pokok obligasi belum bond principals are still outstanding, the Company
dilunasi, Perseroan tidak diperkenankan, antara lain is not allowed to, among others, merge unless
melakukan penggabungan usaha kecuali dilakukan performed on the same business and to sell or
pada bidang usaha yang sama serta menjual atau assign more than 50% of the Company’s asset,
mengalihkan lebih dari 50% aset Perseroan kecuali except for the Company’s normal business
untuk kegiatan usaha Perseroan sehari-hari. transactions.
Perseroan telah memenuhi batasan-batasan yang The Company has complied with the covenants as
diwajibkan dalam perjanjian tersebut diatas. required by the trustee agreements.
PT Pefindo telah menetapkan peringkat idAA+ PT Pefindo has rated the Continuing Bonds as
(Double A Plus) terhadap Obligasi Berkelanjutan IV idAA+ (Double A plus) of Continuing Bonds IV
Tahap I sesuai dengan Suratnya No.RC-950/PEF- Phase I based on its report No.RC-950/PEF-
DIR/X/2019 tanggal 9 Oktober 2019 untuk periode DIR/X/2019 dated 9 October 2019 for the period
8 Oktober 2019 sampai dengan 1 Oktober 2020. 8 October 2019 until 1 October 2020.
PT Pefindo telah menetapkan kembali peringkat PT Pefindo has rated the Continuing Bonds as
idAAA (Triple A) terhadap Obligasi Berkelanjutan IV idAAA (Triple A) of Continuing Bonds IV Phase I
Tahap I terakhir sesuai dengan suratnya No. RC- with the latest based on its report No. RC-236/PEF-
236/PEF-DIR/III/2023 tanggal 16 Maret 2023 untuk DIR/III/2023 dated 16 March 2023 for the period
periode 16 Maret 2023 sampai dengan 1 Maret 2024. 16 March 2023 until 1 March 2024.
Perseroan telah melunasi utang obligasi The company has paid off continuing Bonds IV
Berkelanjutan IV Tahap I seri B sebesar Rp200.000 Phase I serie B in the amount Rp200,000 on
pada tanggal 4 Januari 2024. 4 January 2024.
79
Page 414
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan IV (lanjutan) Continuing Bonds IV (continued)
Obligasi Berkelanjutan IV Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds IV
Tahap II Tahun 2019 Phase II Year 2019
Pada tanggal 26 Juli 2019 Perseroan telah On 26 July 2019, the Company issued Mandiri
menerbitkan Obligasi Berkelanjutan IV Mandiri Tunas Finance Continuing Bonds IV Phase II Year
Tunas Finance Tahap II Tahun 2019 (”Obligasi 2019 (“Continuing Bonds IV Phase II”) with details
Berkelanjutan IV Tahap II”) dengan rincian sebagai as follows:
berikut:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series B 658.000 9,50% 26 Juli/ Pembayaran penuh pada saat jatuh
July 2024 tempo/Bullet payment on due date
Obligasi tersebut dijamin dengan piutang These bonds are secured by the Company’s
pembiayaan konsumen Perseroan sebesar minimum consumer financing receivables for a minimum
60% untuk Obligasi Berkelanjutan IV Tahap II dari amount of 60% of the nominal value of Continuing
pokok obligasi terutang. Pada tanggal 31 Desember Bonds IV Phase II. As of 31 December 2023, the
2023, piutang pembiayaan konsumen yang amount of consumer financing receivables that are
dijaminkan adalah Rp325.965, sedangkan piutang pledged as security for bonds payable is
sewa pembiayaan yang dijaminkan adalah masing- Rp325,965, respectively, while the amount of
masing sejumlah Rp68.835 (lihat Catatan 5 dan 6). finance lease receivables that are pledged is
Jika jumlah piutang pembiayaan konsumen kurang Rp68,835, respectively (refer to Note 5 and 6). If the
dari yang dipersyaratkan, maka akan dipenuhi dari amount of consumer financing receivables is less
uang tunai yang ditempatkan pada rekening than the requirement, the Company has to place
penampungan atas nama Perseroan yang ditunjuk sufficient cash into an escrow account established
oleh PT Bank Rakyat Indonesia (Persero) Tbk selaku by PT Bank Rakyat Indonesia (Persero) Tbk as
wali amanat untuk Obligasi Berkelanjutan IV trustee for Continuing Bonds IV Phase II.
Tahap II.
Dalam perjanjian perwaliamanatan juga diatur Covenants to the Company, among others,
beberapa pembatasan yang harus dipenuhi oleh collateral with fiduciary transfer of consumer
Perseroan, antara lain memberikan jaminan fidusia financing receivables and debt to equity ratio not to
berupa piutang pembiayaan konsumen dan rasio exceed 10:1. Moreover, during the year that the
jumlah pinjaman terhadap ekuitas tidak melebihi bond principals are still outstanding, the Company
rasio 10:1. Selain itu, selama pokok obligasi belum is not allowed to, among others, merge unless
dilunasi, Perseroan tidak diperkenankan, antara lain performed on the same business and to sell or
melakukan penggabungan usaha kecuali dilakukan assign more than 50% of the Company’s asset,
pada bidang usaha yang sama serta menjual atau except for the The trustee agreement provides
mengalihkan lebih dari 50% aset Perseroan kecuali several negative Company’s normal business
untuk kegiatan usaha Perseroan sehari-hari. transactions.
Perseroan telah memenuhi batasan-batasan yang The Company has complied with the covenants as
diwajibkan dalam perjanjian tersebut diatas. required by the above trustee agreements.
PT Pefindo telah menetapkan peringkat idAA+ PT Pefindo has rated the Continuing Bonds as
(Double A Plus) terhadap Obligasi Berkelanjutan IV idAA+ (Double A plus) of Continuing Bonds IV
Tahap II sesuai dengan Suratnya No.RC-950/PEF- Phase II based on its report No.RC-950/PEF-
DIR/X/2019 tanggal 9 Oktober 2019 untuk periode DIR/X/2019 dated 9 October 2019 for the period
8 Oktober 2019 sampai dengan 1 Oktober 2020. 8 October 2019 until 1 October 2020.
80
Page 415
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan IV (lanjutan) Continuing Bonds IV (continued)
Obligasi Berkelanjutan IV Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds IV
Tahap II Tahun 2019 (lanjutan) Phase II Year 2019 (continued)
PT Pefindo telah menetapkan kembali peringkat PT Pefindo has rated the Continuing Bonds as
idAAA (Triple A) terhadap Obligasi Berkelanjutan IV idAAA (Triple A) of Continuing Bonds IV Phase II
Tahap II terakhir sesuai dengan suratnya No. RC- with the latest based on its report No. RC-180/PEF-
180/PEF-DIR/III/2024 tanggal 6 Maret 2024 untuk DIR/III/2024 dated 6 March 2024 for the period
periode 6 Maret 2024 sampai dengan 1 Maret 2025 6 March 2024 until 1 March 2025.
Perseroan telah melunasi utang obligasi The company has paid off continuing Bonds IV
Berkelanjutan IV Tahap II seri B sebesar Rp658.000 Phase II serie B in the amount Rp658,000 on
pada tanggal 24 Juli 2024. 24 July 2024.
Obligasi Berkelanjutan V Continuing Bonds V
Obligasi Berkelanjutan V Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds V
Tahap I Tahun 2020 Phase I Year 2020
Pada tanggal 13 Agustus 2020 Perseroan telah On 13 August 2020, the Company issued Mandiri
menerbitkan Obligasi Berkelanjutan V Mandiri Tunas Tunas Finance Continuing Bonds V Phase I Year
Finance Tahap I Tahun 2020 (”Obligasi 2020 (“Continuing Bonds V Phase I”) with details as
Berkelanjutan V Tahap I”) dengan rincian sebagai follows:
berikut:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series B 386.000 8,60% 13 Agustus/ Pembayaran penuh pada saat jatuh
August 2025 tempo/Bullet payment on due date
Obligasi tersebut dijamin dengan piutang These bonds are secured by the Company’s
pembiayaan konsumen Perseroan sebesar minimum consumer financing receivables for a minimum
60% untuk Obligasi Berkelanjutan V Tahap I dari amount of 60% of the nominal value of Continuing
pokok obligasi terutang. Pada tanggal Bonds V Phase I. As of 31 December 2024 and
31 Desember 2024 dan 2023, piutang pembiayaan 2023, the amount of consumer financing
konsumen yang dijaminkan masing-masing adalah receivables that are pledged as security for bonds
sejumlah Rp199.812 dan Rp231.600, sedangkan payable is Rp199,812 and Rp231,600,
piutang sewa pembiayaan yang dijaminkan masing- respectively, while finance lease receivables that
masing adalah sejumlah Rp31.788 dan RpNihil (lihat are pledged is Rp31,788 and RpNil, respectively
Catatan 5 dan 6). (refer to Note 5 and 6).
Jika jumlah piutang pembiayaan konsumen kurang If the amount of consumer financing receivables is
dari yang dipersyaratkan, maka akan dipenuhi dari less than the requirement, the Company has to
uang tunai yang ditempatkan pada rekening place sufficient cash into an escrow account
penampungan atas nama Perseroan yang ditunjuk established by PT Bank Rakyat Indonesia (Persero)
oleh PT Bank Rakyat Indonesia (Persero) Tbk selaku Tbk as trustee for Continuing Bonds V Phase I.
wali amanat untuk Obligasi Berkelanjutan V Tahap I.
81
Page 416
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan V (lanjutan) Continuing Bonds V (Continued)
Obligasi Berkelanjutan V Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds V
Tahap I Tahun 2020 (lanjutan) Phase I Year 2020 (continued)
Dalam perjanjian perwaliamanatan juga diatur The trustee agreement provides several negative
beberapa pembatasan yang harus dipenuhi oleh covenants to the Company, among others, collateral
Perseroan, antara lain memberikan jaminan fidusia with fiduciary transfer of consumer financing
berupa piutang pembiayaan konsumen dan rasio receivables and debt to equity ratio not to exceed
jumlah pinjaman terhadap ekuitas tidak melebihi 10:1. Moreover, during the year that the bond
rasio 10:1. Selain itu, selama pokok obligasi belum principals are still outstanding, the Company is not
dilunasi, Perseroan tidak diperkenankan, antara lain allowed to, among others, merge unless performed
melakukan penggabungan usaha kecuali dilakukan on the same business and to sell or assign more
pada bidang usaha yang sama serta menjual atau than 50% of the Company’s asset, except for the
mengalihkan lebih dari 50% aset Perseroan kecuali Company’s normal business transactions.
untuk kegiatan usaha Perseroan sehari-hari.
The Company has complied with the covenants on
Perseroan telah memenuhi batasan-batasan yang the trustee agreements
diwajibkan dalam perjanjian tersebut diatas.
PT Pefindo telah menetapkan peringkat idAA+ PT Pefindo has rated the Continuing Bonds as
(Double A Plus) terhadap Obligasi Berkelanjutan V idAA+ (Double A plus) of Continuing Bonds V Phase
Tahap I sesuai dengan suratnya No. RC-537/PEF- I based on its report No. RC-537/PEF-DIR/V/2020
DIR/V/2020 tanggal 8 Mei 2020 untuk periode 8 Mei dated 8 May 2020 for the period 8 May 2020 until
2020 sampai dengan 1 Mei 2021. 1 May 2021.
PT Pefindo telah menetapkan kembali peringkat PT Pefindo has rated the Continuing Bonds as
idAAA (Triple A) terhadap Obligasi Berkelanjutan IV idAAA (Triple A) of Continuing Bonds IV Phase II
Tahap II terakhir sesuai dengan suratnya No. RC- with the latest based on its report No. RC-180/PEF-
180/PEF-DIR/III/2024 tanggal 6 Maret 2024 untuk DIR/III/2024 dated 6 March 2024 for the period
periode 6 Maret 2024 sampai dengan 1 Maret 2025. 6 March 2024 until 1 March 2025.
Obligasi Berkelanjutan V Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds V
Tahap II Tahun 2021 Phase II Year 2021
Pada tanggal 20 Mei 2021 Perseroan telah On 20 May 2021, the Company issued Mandiri
menerbitkan Obligasi Berkelanjutan V Mandiri Tunas Tunas Finance Continuing Bonds V Phase II Year
Finance Tahap II Tahun 2021 (”Obligasi 2021 (“Continuing Bonds V Phase II”) with details
Berkelanjutan V Tahap II”) dengan rincian sebagai as follows:
berikut:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series A 915.150 7,00% 20 Mei/ Pembayaran penuh pada saat jatuh
May 2024 tempo/Bullet payment on due date
Seri/Series B 485.700 7,65% 20 Mei/ Pembayaran penuh pada saat jatuh
May 2026 tempo/Bullet payment on due date
82
Page 417
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan V (lanjutan) Continuing Bonds V (Continued)
Obligasi Berkelanjutan V Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds V
Tahap II Tahun 2022 (lanjutan) Phase II Year 2022 (continued)
Obligasi tersebut dijamin dengan piutang pembiayaan These bonds are secured by the Company’s
konsumen Perseroan sebesar minimum 60% untuk consumer financing receivables for a minimum
Obligasi Berkelanjutan V Tahap II dari pokok obligasi amount of 60% of the nominal value of Continuing
terutang. Pada tanggal 31 Desember 2024 dan 2023, Bonds V Phase II. As of 31 December 2024 and
piutang pembiayaan konsumen yang dijaminkan 2023, the amount of consumer financing receivables
adalah masing-masing sejumlah Rp271.358 dan that are pledged as security for bonds payable is
Rp728.320 sedangkan piutang sewa pembiayaan Rp271,358 and Rp728,320, respectively, while the
yang dijaminkan adalah masing-masing sejumlah amount of finance lease receivables that are pledged
Rp20.062 dan Rp112.190 (lihat Catatan 5 dan 6). is Rp20,062 and Rp112,190, respectively (refer to
Note 5 and 6).
Jika jumlah piutang pembiayaan konsumen kurang If the amount of consumer financing receivables is
dari yang dipersyaratkan, maka akan dipenuhi dari less than the requirement, the Company has to place
uang tunai yang ditempatkan pada rekening sufficient cash into an escrow account established by
penampungan atas nama Perseroan yang ditunjuk PT Bank Rakyat Indonesia (Persero) Tbk as trustee
oleh PT Bank Rakyat Indonesia (Persero) Tbk selaku for Continuing Bonds V Phase II.
wali amanat untuk Obligasi Berkelanjutan V Tahap II.
Dalam perjanjian perwaliamanatan juga diatur The trustee agreement provides several negative
beberapa pembatasan yang harus dipenuhi oleh covenants to the Company, among others, collateral
Perseroan, antara lain memberikan jaminan fidusia with fiduciary transfer of consumer financing
berupa piutang pembiayaan konsumen dan rasio receivables and debt to equity ratio not to exceed
jumlah pinjaman terhadap ekuitas tidak melebihi rasio 10:1. Moreover, during the year that the bond
10:1. Selain itu, selama pokok obligasi belum dilunasi, principals are still outstanding, the Company is not
Perseroan tidak diperkenankan, antara lain allowed to, among others, merge unless performed
melakukan penggabungan usaha kecuali dilakukan on the same business and to sell or assign more than
pada bidang usaha yang sama serta menjual atau 50% of the Company’s asset, except for the
mengalihkan lebih dari 50% aset Perseroan kecuali Company’s normal business transactions.
untuk kegiatan usaha Perseroan sehari-hari.
Perseroan telah memenuhi batasan-batasan yang The Company has complied with the covenants as
diwajibkan dalam perjanjian tersebut diatas. required by the above trustee agreements.
PT Pefindo telah menetapkan peringkat idAA+ PT Pefindo has rated the Continuing Bonds as
(Double A Plus) terhadap Obligasi Berkelanjutan V idAA+ (Double A plus) of Continuing Bonds V Phase
Tahap II sesuai dengan suratnya No. RC-498/PEF- II based on its report No. RC-498/PEF-DIR/V/2021
DIR/V/2021 tanggal 6 Mei 2021 untuk periode dated 6 May 2021 for the period 6 May 2021 until
6 Mei 2021 sampai dengan 1 Mei 2022. 1 May 2022.
PT Pefindo telah menetapkan kembali peringkat PT Pefindo has rated the Continuing Bonds as
idAAA (Triple A) terhadap Obligasi Berkelanjutan V idAAA (Triple A) of Continuing Bonds V Phase II
Tahap II terakhir sesuai dengan suratnya No. RC- with the latest based on its report No. RC-180/PEF-
180/PEF-DIR/III/2024 tanggal 6 Maret 2024 untuk DIR/III/2024 dated 6 March 2024 for the period
periode 6 Maret 2024 sampai dengan 1 Maret 2025. 6 March 2024 until 1 March 2025.
Perseroan telah melunasi utang obligasi The company has paid off continuing Bonds V
Berkelanjutan V Tahap II seri A sebesar Rp915.150 Phase II serie A in the amount Rp915,150 on
pada tanggal 17 Mei 2024. 17 May 2024.
83
Page 418
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan V (lanjutan) Continuing Bonds V (Continued)
Obligasi Berkelanjutan V Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds V
Tahap III Tahun 2022 Phase III Year 2022
Pada tanggal 23 Februari 2022, Perseroan telah On 23 February 2022, the Company issued Mandiri
menerbitkan Obligasi Berkelanjutan V Mandiri Tunas Tunas Finance Continuing Bonds V Phase III Year
Finance Tahap III Tahun 2022 (”Obligasi 2022 (“Continuing Bonds V Phase III”) with details
Berkelanjutan V Tahap III”) dengan rincian sebagai as follows:
berikut:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series A 851.440 5,90% 23 Februari/ Pembayaran penuh pada saat jatuh
February 2025 tempo/Bullet payment on due date
Seri/Series B 376.615 6,75% 23 Februari/ Pembayaran penuh pada saat jatuh
February 2027 tempo/Bullet payment on due date
Obligasi tersebut dijamin dengan piutang pembiayaan These bonds are secured by the Company’s
konsumen Perseroan sebesar minimum 60% untuk consumer financing receivables for a minimum
Obligasi Berkelanjutan V Tahap III dari pokok obligasi amount of 60% of the nominal value of Continuing
terutang. Pada tanggal 31 Desember 2024 dan 2023, Bonds V Phase III. As of 31 December 2024 and
piutang pembiayaan konsumen yang dijaminkan 2023, the amount of consumer financing
adalah sejumlah Rp650.305 dan Rp612.911 receivables that are pledged as security for bonds
sedangkan piutang sewa pembiayaan yang payable is Rp650,305 and Rp612,911 while the
dijaminkan adalah sejumlah Rp86.528 dan amount of finance lease receivables that are
Rp123.922 (lihat Catatan 5 dan 6). pledged is Rp86,528 and Rp123,922 (refer to Note
5 and 6).
Jika jumlah piutang pembiayaan konsumen kurang If the amount of consumer financing receivables is
dari yang dipersyaratkan, maka akan dipenuhi dari less than the requirement, the Company has to
uang tunai yang ditempatkan pada rekening place sufficient cash into an escrow account
penampungan atas nama Perseroan yang ditunjuk established by PT Bank Rakyat Indonesia
oleh PT Bank Rakyat Indonesia (Persero) Tbk selaku (Persero) Tbk as trustee for Continuing Bonds V
wali amanat untuk Obligasi Berkelanjutan V Tahap III. Phase III.
Dalam perjanjian perwaliamanatan juga diatur The trustee agreement provides several negative
beberapa pembatasan yang harus dipenuhi oleh covenants to the Company, among others,
Perseroan, antara lain memberikan jaminan fidusia collateral with fiduciary transfer of consumer
berupa piutang pembiayaan konsumen dan rasio financing receivables and debt to equity ratio not to
jumlah pinjaman terhadap ekuitas tidak melebihi rasio exceed 10:1. Moreover, during the year that the
10:1. Selain itu, selama pokok obligasi belum dilunasi, bond principals are still outstanding, the Company
Perseroan tidak diperkenankan, antara lain melakukan is not allowed to, among others, merge unless
penggabungan usaha kecuali dilakukan pada bidang performed on the same business and to sell or
usaha yang sama serta menjual atau mengalihkan assign more than 50% of the Company’s asset,
lebih dari 50% aset Perseroan kecuali untuk kegiatan except for the Company’s normal business
usaha Perseroan sehari-hari. transactions.
Perseroan telah memenuhi batasan-batasan yang The Company has complied with the covenants as
diwajibkan dalam perjanjian tersebut diatas. required by the trustee agreements.
PT Pefindo telah menetapkan peringkat idAA+ (Double PT Pefindo has rated the Continuing Bonds as
A Plus) terhadap Obligasi Berkelanjutan V Tahap III idAA+ (Double A Plus) of Continuing Bonds V
sesuai dengan suratnya No. RC-498/PEF-DIR/V/2021 Phase III based on its report No. RC-498/PEF-
tanggal 6 Mei 2021 untuk periode 6 Mei 2021 sampai DIR/V/2021 dated 6 May 2021 for the period
dengan 1 Mei 2022. 6 May 2021 until 1 May 2022.
84
Page 419
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan V (lanjutan) Continuing Bonds V (Continued)
Obligasi Berkelanjutan V Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds V
Tahap III Tahun 2022 (lanjutan) Phase III Year 2022 (continued)
PT Pefindo telah menetapkan kembali peringkat idAAA PT Pefindo has rated the Continuing Bonds as idAAA
(Triple A) terhadap Obligasi Berkelanjutan V Tahap III (Triple A) of Continuing Bonds V Phase III with the
terakhir sesuai dengan suratnya No. RC-180/PEF- latest based on its report No. RC-180/PEF-
DIR/III/2024 tanggal 6 Maret 2024 untuk periode DIR/III/2024 dated 6 March 2024 for the period
6 Maret 2024 sampai dengan 1 Maret 2025 6 March 2024 until 1 March 2025.
Obligasi Berkelanjutan VI Continuing Bonds VI
Obligasi Berkelanjutan VI Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds VI
Tahap I Tahun 2023 Phase I Year 2023
Pada tanggal 11 Juli 2023, Perseroan telah On 11 July 2023, the Company issued Mandiri Tunas
menerbitkan Obligasi Berkelanjutan V Mandiri Tunas Finance Continuing Bonds VI Phase I Year 2023
Finance Tahap I Tahun 2023 (”Obligasi Berkelanjutan (“Continuing Bonds V Phase I”) with details as
VI Tahap I”) dengan rincian sebagai berikut: follows:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series A 439.660 6,00% 11 Juli/ Pembayaran penuh pada saat jatuh
July 2026 tempo/Bullet payment on due date
Seri/Series B 252.075 6,25% 11 Juli/ Pembayaran penuh pada saat jatuh
July 2028 tempo/Bullet payment on due date
Obligasi tersebut dijamin dengan piutang pembiayaan These bonds are secured by the Company’s
konsumen Perseroan sebesar minimum 60% untuk consumer financing receivables for a minimum
Obligasi Berkelanjutan VI Tahap I dari pokok obligasi amount of 60% of the nominal value of Continuing
terutang. Pada tanggal 31 Desember 2024 dan 2023, Bonds VI Phase I. As of 31 December 2024 and
piutang pembiayaan konsumen yang dijaminkan 2023, the amount of consumer financing
adalah sejumlah Rp281.591 dan Rp235.160 receivables that are pledged as security for bonds
sedangkan piutang sewa pembiayaan yang payable is Rp281,591 and Rp235,160 while the
dijaminkan adalah sejumlah Rp133.450 dan amount of finance lease receivables that are
Rp179.881 (lihat Catatan 5 dan 6). pledged is Rp133,450 and Rp179,881 (refer to Note
5 and 6).
Jika jumlah piutang pembiayaan konsumen kurang
dari yang dipersyaratkan, maka akan dipenuhi dari If the amount of consumer financing receivables is
uang tunai yang ditempatkan pada rekening less than the requirement, the Company has to
penampungan atas nama Perseroan yang ditunjuk place sufficient cash into an escrow account
oleh PT Bank Rakyat Indonesia (Persero) Tbk selaku established by PT Bank Rakyat Indonesia (Persero)
wali amanat untuk Obligasi Berkelanjutan VI Tahap I. Tbk as trustee for Continuing Bonds VI Phase I.
Dalam perjanjian perwaliamanatan juga diatur
beberapa pembatasan yang harus dipenuhi oleh The trustee agreement provides several negative
Perseroan, antara lain memberikan jaminan fidusia covenants to the Company, among others, collateral
berupa piutang pembiayaan konsumen dan rasio with fiduciary transfer of consumer financing
jumlah pinjaman terhadap ekuitas tidak melebihi rasio receivables and debt to equity ratio not to exceed
10:1. Selain itu, selama pokok obligasi belum dilunasi, 10:1. Moreover, during the year that the bond
Perseroan tidak diperkenankan, antara lain principals are still outstanding, the Company is not
melakukan penggabungan usaha kecuali dilakukan allowed to, among others, merge unless performed
pada bidang usaha yang sama serta menjual atau on the same business and to sell or assign more
mengalihkan lebih dari 50% aset Perseroan kecuali than 50% of the Company’s asset, except for the
untuk kegiatan usaha Perseroan sehari-hari. Company’s normal business transactions.
85
Page 420
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan VI (lanjutan) Continuing Bonds VI (continued)
Obligasi Berkelanjutan VI Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds VI
Tahap I Tahun 2023 (lanjutan) Phase I Year 2023 (continued)
Perseroan telah memenuhi batasan-batasan yang The Company has complied with the covenants as
diwajibkan dalam perjanjian tersebut diatas. required by the trustee agreements.
PT Pefindo telah menetapkan peringkat idAAA PT Pefindo has rated the Continuing Bonds as
(Triple A) terhadap Obligasi Berkelanjutan VI Tahap idAAA (Triple A) of Continuing Bonds VI Phase I
I sesuai dengan suratnya No. RC-235/PEF- based on its report No. RC-235/PEF-DIR/III/2023
DIR/III/2023 tanggal 16 Maret 2023 untuk periode dated 16 March 2023 for the period 16 March 2023
16 Maret 2023 sampai dengan 1 Maret 2024. until 1 March 2024.
PT Pefindo telah menetapkan kembali peringkat PT Pefindo has rated the Continuing Bonds as
idAAA (Triple A) terhadap Obligasi Berkelanjutan VI idAAA (Triple A) of Continuing Bonds VI Phase I
Tahap I terakhir sesuai dengan suratnya No. RC- with the latest based on its report No. RC-180/PEF-
180/PEF-DIR/III/2024 tanggal 6 Maret 2024 untuk DIR/III/2024 dated 6 March 2024 for the period
periode 6 Maret 2024 sampai dengan 1 Maret 2025. 6 March 2024 until 1 March 2025.
\
Obligasi Berkelanjutan VI Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds VI
Tahap II Tahun 2023 Phase II Year 2023
Pada tanggal 27 September 2023 Perseroan telah On 27 September 2023, the Company issued
menerbitkan Obligasi Berkelanjutan VI Mandiri Mandiri Tunas Finance Continuing Bonds VI Phase
Tunas Finance Tahap II Tahun 2023 (”Obligasi II Year 2023 (“Continuing Bonds V Phase II”) with
Berkelanjutan VI Tahap II”) dengan rincian sebagai details as follows:
berikut:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series A 804.175 6,50% 27 September/ Pembayaran penuh pada saat jatuh
September 2026 tempo/Bullet payment on due date
Seri/Series B 326.935 6,75% 27 September/ Pembayaran penuh pada saat jatuh
September 2028 tempo/Bullet payment on due date
Obligasi tersebut dijamin dengan piutang pembiayaan These bonds are secured by the Company’s
konsumen Perseroan sebesar minimum 60% untuk consumer financing receivables for a minimum
Obligasi Berkelanjutan VI Tahap II dari pokok obligasi amount of 60% of the nominal value of Continuing
terutang. Pada tanggal 31 Desember 2024 dan 2023 Bonds VI Phase II As of 31 December 2024 and
piutang pembiayaan konsumen yang dijaminkan 2023, the amount of consumer financing
adalah sejumlah Rp604.657 dan Rp419.035 receivables that are pledged as security for bonds
sedangkan piutang sewa pembiayaan yang payable is Rp604,657 and Rp419,035 while the
dijaminkan adalah sejumlah Rp74.009 dan amount of finance lease receivables that are
Rp259.631 (lihat Catatan 5 dan 6). pledged is Rp74,009 and Rp259,631 (refer to
Note 5 and 6).
Jika jumlah piutang pembiayaan konsumen kurang If the amount of consumer financing receivables is
dari yang dipersyaratkan, maka akan dipenuhi dari less than the requirement, the Company has to
uang tunai yang ditempatkan pada rekening place sufficient cash into an escrow account
penampungan atas nama Perseroan yang ditunjuk established by PT Bank Rakyat Indonesia
oleh PT Bank Rakyat Indonesia (Persero) Tbk selaku (Persero) Tbk as trustee for Continuing Bonds VI
wali amanat untuk Obligasi Berkelanjutan VI Tahap II. Phase II.
86
Page 421
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan VI (lanjutan) Continuing Bonds VI (continued)
Obligasi Berkelanjutan VI Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds VI
Tahap II Tahun 2023 (lanjutan) Phase II Year 2023 (lanjutan)
Dalam perjanjian perwaliamanatan juga diatur The trustee agreement provides several negative
beberapa pembatasan yang harus dipenuhi oleh covenants to the Company, among others,
Perseroan, antara lain memberikan jaminan fidusia collateral with fiduciary transfer of consumer
berupa piutang pembiayaan konsumen dan rasio financing receivables and debt to equity ratio not to
jumlah pinjaman terhadap ekuitas tidak melebihi rasio exceed 10:1. Moreover, during the year that the
10:1. Selain itu, selama pokok obligasi belum dilunasi, bond principals are still outstanding, the Company
Perseroan tidak diperkenankan, antara lain is not allowed to, among others, merge unless
melakukan penggabungan usaha kecuali dilakukan performed on the same business and to sell or
pada bidang usaha yang sama serta menjual atau assign more than 50% of the Company’s asset,
mengalihkan lebih dari 50% aset Perseroan kecuali except for the Company’s normal business
untuk kegiatan usaha Perseroan sehari-hari. transactions.
Perseroan telah memenuhi batasan-batasan yang The Company has complied with the covenants as
diwajibkan dalam perjanjian tersebut diatas. required by the trustee agreements.
PT Pefindo telah menetapkan peringkat idAAA (Triple PT Pefindo has rated the Continuing Bonds as
A) terhadap Obligasi Berkelanjutan VI Tahap II sesuai idAAA (Triple A) of Continuing Bonds VI Phase II
dengan suratnya No. RC-235/PEF-DIR/III/2023 based on its report No. RC-235/PEF-DIR/III/2023
tanggal 16 Maret 2023 untuk periode 16 Maret 2023 dated 16 March 2023 for the period 16 March 2023
sampai dengan 1 Maret 2024. until 1 March 2024.
PT Pefindo telah menetapkan kembali peringkat PT Pefindo has rated the Continuing Bonds as
idAAA (Triple A) terhadap Obligasi Berkelanjutan VI idAAA (Triple A) of Continuing Bonds IV Phase II
Tahap II terakhir sesuai dengan suratnya No. RC- with the latest based on its report No. RC-
180/PEF-DIR/III/2024 tanggal 6 Maret 2024 untuk 180/PEF-DIR/III/2024 dated 6 March 2024 for the
periode 6 Maret 2024 sampai dengan 1 Maret 2025. period 6 March 2024 until 1 March 2025.
Obligasi Berkelanjutan VI Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds VI
Tahap III Tahun 2024 Phase III Year 2024
Pada tanggal 28 Mei 2024 Perseroan telah On 28 May 2024, the Company issued Mandiri
menerbitkan Obligasi Berkelanjutan VI Mandiri Tunas Finance Continuing Bonds VI Phase III Year
Tunas Finance Tahap III Tahun 2024 (”Obligasi 2024 (“Continuing Bonds VI Phase III”) with details
Berkelanjutan VI Tahap III”) dengan rincian sebagai as follows:
berikut:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series A 81.590 7,00% 28 Mei/ Pembayaran penuh pada saat jatuh
May 2027 tempo/Bullet payment on due date
Seri/Series B 1.081.495 7,25% 28 Mei/ Pembayaran penuh pada saat jatuh
May 2029 tempo/Bullet payment on due date
Obligasi tersebut tidak dijamin dengan jaminan These bonds are not secured by any special
khusus. collateral.
87
Page 422
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan VI (lanjutan) Continuing Bonds VI (continued)
Obligasi Berkelanjutan VI Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds VI
Tahap III Tahun 2024 (lanjutan) Phase III Year 2024 (continued)
Dalam perjanjian perwaliamanatan juga diatur The trustee agreement provides several negative
beberapa pembatasan yang harus dipenuhi oleh covenants to the Company, debt to equity ratio not
Perseroan, rasio jumlah pinjaman terhadap ekuitas to exceed 10:1. Moreover, during the year that the
tidak melebihi rasio 10:1. Selain itu, selama pokok bond principals are still outstanding, the Company
obligasi belum dilunasi, Perseroan tidak is not allowed to, among others, merge unless
diperkenankan, antara lain melakukan performed on the same business and to sell or
penggabungan usaha kecuali dilakukan pada bidang assign more than 50% of the Company’s asset,
usaha yang sama serta menjual atau mengalihkan except for the Company’s normal business
lebih dari 50% aset Perseroan kecuali untuk kegiatan transactions.
usaha Perseroan sehari-hari.
Perseroan telah memenuhi batasan-batasan yang The Company has complied with the covenants as
diwajibkan dalam perjanjian tersebut diatas. required by the trustee agreements.
PT Pefindo telah menetapkan kembali peringkat PT Pefindo has rated the Continuing Bonds as
idAAA (Triple A) terhadap Obligasi Berkelanjutan VI idAAA (Triple A) of Continuing Bonds IV Phase III
Tahap III terakhir sesuai dengan suratnya No. RTG- with the latest based on its report No. RTG-
132/PEF-DIR/V/2024 tanggal 3 Mei 2024 untuk 132/PEF-DIR/V/2024 dated 3 May 2024 for the
periode 6 Maret 2024 sampai dengan 1 Maret 2025. period 6 March 2024 until 1 March 2025.
Obligasi Berkelanjutan VI Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds VI
Tahap IV Tahun 2024 Phase IV Year 2024
Pada tanggal 11 November 2024 Perseroan telah On 11 November 2024, the Company issued
menerbitkan Obligasi Berkelanjutan VI Mandiri Mandiri Tunas Finance Continuing Bonds VI Phase
Tunas Finance Tahap IV Tahun 2024 (”Obligasi IV Year 2024 (“Continuing Bonds VI Phase IV”) with
Berkelanjutan VI Tahap IV”) dengan rincian sebagai details as follows:
berikut:
Tingkat bunga
tetap per tahun/
Obligasi/ Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok Obligasi/
Bonds Nominal value rate per annum Due date Bonds principal installment
Seri/Series A 423.735 6,70% 19 November/ Pembayaran penuh pada saat jatuh
November 2027 tempo/Bullet payment on due date
Seri/Series B 1.185.375 6,85% 19 November/ Pembayaran penuh pada saat jatuh
November 2029 tempo/Bullet payment on due date
Obligasi tersebut tidak dijamin dengan jaminan These bonds are not secured by any special
khusus. collateral.
88
Page 423
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. SURAT BERHARGA YANG DITERBITKAN 17. SECURITIES ISSUED (continued)
(lanjutan)
Obligasi Berkelanjutan VI (lanjutan) Continuing Bonds VI (continued)
Obligasi Berkelanjutan VI Mandiri Tunas Finance Mandiri Tunas Finance Continuing Bonds VI
Tahap IV Tahun 2024 (lanjutan) Phase IV Year 2024 (continued)
Dalam perjanjian perwaliamanatan juga diatur The trustee agreement provides several negative
beberapa pembatasan yang harus dipenuhi oleh covenants to the Company, debt to equity ratio not
Perseroan, rasio jumlah pinjaman terhadap ekuitas to exceed 10:1. Moreover, during the year that the
tidak melebihi rasio 10:1. Selain itu, selama pokok bond principals are still outstanding, the Company
obligasi belum dilunasi, Perseroan tidak is not allowed to, among others, merge unless
diperkenankan, antara lain melakukan penggabungan performed on the same business and to sell or
usaha kecuali dilakukan pada bidang usaha yang assign more than 50% of the Company’s asset,
sama serta menjual atau mengalihkan lebih dari 50% except for the Company’s normal business
aset Perseroan kecuali untuk kegiatan usaha transactions.
Perseroan sehari-hari.
Perseroan telah memenuhi batasan-batasan yang The Company has complied with the covenants as
diwajibkan dalam perjanjian tersebut diatas. required by the trustee agreements.
PT Pefindo telah menetapkan kembali peringkat PT Pefindo has rated the Continuing Bonds as
idAAA (Triple A) terhadap Obligasi Berkelanjutan VI idAAA (Triple A) of Continuing Bonds VI Phase IV
Tahap IV terakhir sesuai dengan suratnya No. RTG- with the latest based on its report No. RTG-
363/PEF-DIR/X/2024 tanggal 8 Oktober 2024 untuk 363/PEF-DIR/X/2024 dated 8 October 2024 for
periode 6 Maret 2024 sampai dengan 1 Maret 2025. the period 6 March 2024 until 1 March 2025.
Lihat Catatan 26b untuk rincian saldo dan transaksi Refer to Note 26b for details of balances and
pihak berelasi. transactions with related parties.
18. LIABILITAS IMBALAN KERJA KARYAWAN 18. EMPLOYEE BENEFITS OBLIGATION
Liabilitas imbalan kerja terdiri dari: Employee benefits liabilities consist of:
31 Desember/ 31 Desember/
December 2024 December 2023
Liabilitas program imbalan pasti 160.595 217.954 Defined benefit plan liabilities
Liabilitas jangka panjang lainnya 52.567 56.592 Other long-term benefit liabilities
Total 213.162 274.546 Total
a. Liabilitas program imbalan pasti a. Defined benefit plan liabilities
Jumlah yang diakui dalam laporan laba rugi dan The amounts recognized in the statement of
penghasilan komprehensif lain untuk program profit or loss and other comprehensive income
imbalan pasti adalah sebagai berikut: for defined benefit plan, are as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Biaya jasa kini 21.606 23.444 Current service costs
Biaya bunga 11.328 10.636 Interest costs
Biaya jasa lalu (43.499) 26.549 Past service costs
(10.565) 60.629
Biaya pesangon pemutusan
hubungan kerja 1.593 2.080 Termination expense
Total (8.972) 62.709 Total
89
Page 424
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. LIABILITAS IMBALAN KERJA KARYAWAN 18. EMPLOYEE BENEFITS OBLIGATION (continued)
(lanjutan)
a. Liabilitas program imbalan pasti (lanjutan) a. Defined benefit plan liabilities (continued)
Mutasi liabilitas imbalan kerja karyawan pada The movements in employee benefits obligation
laporan posisi keuangan untuk program imbalan in the statement of financial position for defined
pasti adalah sebagai berikut: benefit plan, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Saldo awal 217.954 150.091 Beginning balance
Penyisihan pada laba rugi (8.972) 62.709 Provision in profit or loss
Penyisihan pada penghasilan Provision in other
komprehensif lain (40.044) 10.502 comprehensive income
Pembayaran tahun berjalan (8.343) (5.348) Payment during the year
Saldo akhir 160.595 217.954 Ending balance
Mutasi nilai kini kewajiban imbalan kerja karyawan The movements of present value of employee
yang diakui pada laporan posisi keuangan untuk benefit obligation presented in the statement of
program imbalan pasti adalah sebagai berikut: financial position for defined benefit plan, are as
follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Saldo awal 217.954 150.091 Beginning balance
Biaya jasa kini 21.606 23.444 Current service costs
Biaya bunga 11.328 10.636 Interest costs
Biaya jasa lalu (43.499) 26.549 Past service costs
Pembayaran tahun berjalan (8.343) (5.348) Payments during the year
Biaya pesangon pemutusan
hubungan kerja 1.593 2.080 Termination
(Keuntungan) kerugian pada Actuarial (gains) losses
kewajiban aktuaria: on obligation:
Perbedaan historis (2.031) 2.302 Experience adjustment
Asumsi keuangan (38.013) 8.200 Financial assumption
Saldo akhir 160.595 217.954 Ending balance
Mutasi kerugian aktuarial yang diakui sebagai The movements in the balance of actuarial loss
penghasilan komprehensif lain untuk program charged to other comprehensive income for
imbalan pasti, bruto pajak tangguhan sebagai defined benefit plan, gross deferred tax, are as
berikut: follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Saldo awal 49.216 38.714 Beginning balance
(Keuntungan) kerugian aktuarial Actuaria (gains) losses
yang diakui sebagai penghasilan charged to other
komprehensif lain (40.044) 10.502 comprehensive income
Saldo akhir 9.172 49.216 Ending balance
90
Page 425
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. LIABILITAS IMBALAN KERJA KARYAWAN 18. EMPLOYEE BENEFITS OBLIGATION (continued)
(lanjutan)
b. Liabilitas jangka panjang lainnya b. Other long-term liabilities
Jumlah yang diakui dalam laporan laba rugi dan The amounts recognized in the statement of
penghasilan komprehensif lain untuk liabilitas profit or loss and other comprehensive income
jangka panjang lainnya adalah sebagai berikut: for other long-term liabilities, are as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Biaya jasa kini 6.528 6.521 Current service costs
Biaya bunga 3.465 3.007 Interest costs
Biaya jasa lalu 566 6.797 Past service costs
Kerugian (keuntungan) pada Actuarial losses (gains)
kewajiban aktuaria: on obligation:
Perbedaan historis 1.030 686 Experience adjustment
Asumsi keuangan (6.960) 800 Financial assumption
4.629 17.811
Biaya pembayaran imbalan Payment of other long-term
jangka panjang lainnya - 195 benefits cost payment
Total 4.629 18.006 Total
Mutasi liabilitas imbalan kerja karyawan pada The movements in employee benefits obligation
laporan posisi keuangan untuk liabilitas jangka in the statement of financial position for other
panjang lainnya adalah sebagai berikut: long-term liabilities, are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Saldo awal 56.592 44.849 Beginning balance
Penyisihan pada laba rugi 4.629 18.006 Provision in profit or loss
Pembayaran tahun berjalan (8.654) (6.263) Payment during the year
Saldo akhir 52.567 56.592 Ending balance
Mutasi nilai kini kewajiban imbalan kerja karyawan The movements of present value of employee
yang diakui pada laporan posisi keuangan untuk benefit obligation presented in the statement of
liabilitas jangka panjang lainnya adalah sebagai financial position for other-long term liabilities,
berikut: are as follows:
31 Desember/ 31 Desember/
December 2024 December 2023
Saldo awal 56.592 44.849 Beginning balance
Biaya jasa kini 6.528 6.521 Current service costs
Biaya bunga 3.465 3.007 Interest costs
Biaya jasa lalu 566 6.797 Past service costs
Pembayaran tahun berjalan (8.654) (6.263) Payments during the year
Biaya pembayaran imbalan Payment of Other long-term
jangka panjang lainnya - 195 benefits cost payment
Kerugian (keuntungan) pada Actuarial losses (gains)
kewajiban aktuaria: on obligation:
Perbedaan historis 1.030 686 Experience adjustment
Asumsi keuangan (6.960) 800 Financial assumption
Saldo akhir 52.567 56.592 Ending balance
91
Page 426
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. LIABILITAS IMBALAN KERJA KARYAWAN 18. EMPLOYEE BENEFITS OBLIGATION (continued)
(lanjutan)
Liabilitas imbalan kerja karyawan pada tanggal The employee benefits obligation as of
31 Desember 2024 dan 2023 didasarkan atas 31 December 2024 and 2023 are based on the
estimasi perhitungan aktuaria yang tercantum pada estimated actuarial calculation of Steven & Mourits
laporan Steven & Mourits dengan menggunakan using the projected unit credit method in its report
metode projected unit credit dalam laporan dated 2 January 2025 and 2 January 2024,
aktuarianya tanggal 2 Januari 2025 dan 2 Januari respectively. The principal actuarial assumptions
2024. Asumsi-asumsi dasar yang digunakan aktuaris used by the independent actuary were as follows:
independen adalah sebagai berikut:
31 Desember/ 31 Desember/
December 2024 December 2023
7,10% per tahun/ 6,70% per tahun/
Tingkat diskonto tetap - karyawan permanen per annum per annum Discount rate - permanent employees
6,85% per tahun/ 6,40% per tahun/
Tingkat diskonto tetap - karyawan kontrak per annum per annum Discount rate - contract employees
Tingkat kenaikan gaji 5% per tahun/per annum 7% per tahun/per annum Salary increment rate
Tingkat kematian TMI 4 TMI 4 Rate of mortality
Tingkat cacat 10% dari/from TMI 4 10% dari/from TMI 4 Rate of disability
Tingkat pengunduran diri 7% per tahun pada usia 7% per tahun pada usia Rate of resignations
sampai dengan 40 tahun sampai dengan 40 tahun
dan berkurang hingga dan berkurang hingga
0,00% pada usia 55 tahun/ 0,00% pada usia 55 tahun/
7% per annum up to 40 7% per annum up to 40
years old and decrease years old and decrease
linearly up to 0.00% at linearly up to 0.00% at
55 years old 55 years old
Tingkat pensiun Karyawan yang bergabung Karyawan yang bergabung Rate of retirements
sejak 1 September 2021, sejak 1 September 2021,
usia pensiun 56 tahun atau usia pensiun 56 tahun atau
46 tahun berdasarkan level/ 46 tahun berdasarkan level/
Employee who join since Employee who join since
1 September 2021, normal 1 September 2021, normal
retirement age 56 years or retirement age 56 years or
46 years based on level. 46 years based on level.
Karyawan yang bergabung Karyawan yang bergabung
sebelum 1 September 2021, sebelum 1 September 2021,
usia pensiun 55 tahun atau usia pensiun 55 tahun atau
56 tahun berdasarkan level/ 56 tahun berdasarkan level/
Employee who join before Employee who join before
1 September 2021, normal 1 September 2021, normal
retirement age 55 years or retirement age 55 years or
56 years based on level. 56 years based on level.
Tabel berikut menunjukkan sensitivitas atas The following table demonstrates the sensitivity to
kemungkinan perubahan tingkat diskonto dan tingkat a reasonably possible change in discount rates and
kenaikan gaji sebesar 1%, dengan variabel lain salary increment rate of 1%, with all other variables
dianggap tetap, terhadap nilai kewajiban imbalan held constant, of the present value of employee
kerja karyawan: (tidak diaudit) benefits obligation: (unaudited)
31 Desember/December 2024
Tingkat diskonto/ Tingkat kenaikan gaji/
Discount rate Salary increment rate
Kenaikan/ Penurunan/ Kenaikan/ Penurunan/
Increase Decrease Increase Decrease
Dampak pada nilai kini kewajiban (14.285) 16.033 17.295 (15.716) Effect on present value of
imbalan kerja karyawan employee benefit obligation
31 Desember/December 2023
Tingkat diskonto/ Tingkat kenaikan gaji/
Discount rate Salary increment rate
Kenaikan/ Penurunan/ Kenaikan/ Penurunan/
Increase Decrease Increase Decrease
Dampak pada nilai kini kewajiban (20.847) 23.591 25.166 (22.490) Effect on present value of
imbalan kerja karyawan employee benefit obligation
92
Page 427
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. LIABILITAS IMBALAN KERJA KARYAWAN 18. EMPLOYEE BENEFITS OBLIGATION
(lanjutan) (continued)
Analisa profil jatuh tempo pembayaran imbalan kerja The maturity profile analysis of the employee
karyawan pada tanggal 31 Desember 2024 dan 2023: benefits payments as of 31 December 2024 and
(tidak diaudit) 2023, is as follows: (unaudited)
31 Desember/ 31 Desember/
December 2024 December 2023
1 tahun 24.524 20.939 1 years
2 - 5 tahun 73.067 89.957 2 - 5 years
Lebih dari 5 tahun 326.643 508.988 More than 5 years
Saldo akhir 424.234 619.884 Ending balance
Durasi rata-rata tertimbang dari nilai kini kewajiban The weighted average duration of the present value
imbalan kerja karyawan untuk karyawan permanen di of employee benefits obligation for permanent
akhir periode pelaporan tanggal 31 Desember 2024 employees at the end of reporting period as of
dan 2023 masing-masing adalah 10,92 dan 12,53 31 December 2024 and 2023 is 10.92 and
tahun (tidak diaudit). 12.53 years, respectively (unaudited).
Durasi rata-rata tertimbang dari nilai kini kewajiban The weighted average duration of the present value
imbalan kerja karyawan untuk karyawan kontrak di of employee benefits obligation for contract
akhir periode pelaporan tanggal 31 Desember 2024 employees at the end of reporting period as of
dan 2023 masing-masing adalah 0,58 dan 0,67 tahun 31 December 2024 and 2023 is 0.58 and
(tidak diaudit). 0.67 years, respectively (unaudited).
19. MODAL SAHAM 19. SHARE CAPITAL
Komposisi pemegang saham Perseroan pada The composition of the Company’s shareholders as
tanggal 31 Desember 2024 dan 2023 adalah sebagai of 31 December 2024 and 2023, is as follows:
berikut:
Jumlah Persentase
saham/ kepemilikan/
Number of Nilai/ Percentage of
Pemegang saham shares Value ownership (%) Shareholders
PT Bank Mandiri (Persero) Tbk 1.275.000.000 127.500 51,00 PT Bank Mandiri (Persero) Tbk
PT Tunas Ridean 1.225.000.000 122.500 49,00 PT Tunas Ridean
2.500.000.000 250.000 100,00
20. PENGGUNAAN LABA 20. PROFIT DISTRIBUTIONS
Cadangan wajib telah dibentuk sesuai dengan A general reserve has been established in
Undang-undang No. 40/2007 mengenai Perseroan accordance with the Indonesian Limited Company
Terbatas, yang mengharuskan perseroan Indonesia Law No. 40/2007 which requires Indonesian
untuk membuat penyisihan cadangan wajib untuk companies to set up a general reserve amounting
ditentukan penggunaannya sebesar sekurang- to at least 20.00% of the Company’s issued and
kurangnya 20,00% dari jumlah modal Perseroan paid up share capital. There is no set period of time
yang ditempatkan dan disetor penuh. Undang- over which this amount should be accumulated.
undang tersebut tidak mengatur jangka waktu untuk The balance of the general reserve as of
mencapai cadangan wajib minimum tersebut. Saldo 31 December 2024 and 2023 is Rp50,000.
cadangan wajib pada tanggal 31 Desember 2024 dan
2023 adalah Rp50.000.
93
Page 428
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. PENGGUNAAN LABA (lanjutan) 20. PROFIT DISTRIBUTIONS (continued)
Rapat Umum Pemegang Saham Tahunan tanggal The Annual General Shareholder Meeting on
28 Juni 2024 memutuskan untuk menyetujui 28 June 2024 resolved to approve the declaration
pembagian dividen final tahun 2023 sejumlah of 2023 final dividends amounting to Rp348,330
Rp348.330 dari laba neto tahun 2023. from the 2023 net income.
Rapat Umum Pemegang Saham Tahunan tanggal The Annual General Shareholder Meeting on
28 Juni 2023 memutuskan untuk menyetujui 28 June 2023 resolved to approve the declaration
pembagian dividen final tahun 2022 sejumlah of 2022 final dividends amounting to Rp225,064
Rp225.064 dari laba neto tahun 2022. from the 2022 net income.
21. PENDAPATAN 21. REVENUE
a. Pembiayaan konsumen a. Consumer financing
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pihak ketiga Third parties
Pendapatan Consumer
pembiayaan konsumen 2.432.482 1.890.945 financing income
Pendapatan administrasi dari Administration income from joint
pembiayaan bersama 700.020 846.890 financing
Amortisasi biaya transaksi dan Amortization of transaction cost
yield enhancing income 305.839 251.448 and yield enhancing income
Pendapatan dari piutang Income
yang mengalami penurunan nilai 12.975 10.260 from impaired asset
3.451.316 2.999.543
Pihak berelasi Related parties
Realisasi pendapatan Realized consumer
pembiayaan konsumen 2.174 807 financing income
3.453.490 3.000.350
Lihat Catatan 26c untuk rincian saldo dan Refer to Note 26c for details of balances and
transaksi pihak berelasi. transactions with related parties.
b. Sewa pembiayaan b. Finance lease
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pihak ketiga Third parties
Pendapatan Financial
sewa pembiayaan 711.767 656.861 lease income
Amortisasi biaya transaksi dan Amortization of transaction cost
yield enhancing income (33.401) (7.129) and yield enhancing income
Pendapatan administrasi dari Administration income from joint
pembiayaan bersama 338 3.019 financing
678.704 652.751
94
Page 429
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PENDAPATAN (lanjutan) 21. REVENUE (continued)
c. Anjak piutang c. Factoring
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pihak ketiga Third parties
Pendapatan Financial
anjak piutang 437 909 factoring income
Pendapatan dari piutang Income
yang mengalami penurunan nilai 1 - from impaired asset
438 909
d. Simpanan bank d. Deposit in bank
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pihak ketiga Third parties
Rekening koran 1.266 943 Current accounts
Pihak berelasi Related parties
Deposito berjangka Time deposits
dan rekening koran 16.207 16.191 and current accounts
17.473 17.134
Lihat Catatan 26c untuk rincian saldo dan Refer to Note 26c for details of balances and
transaksi dengan pihak berelasi. transactions with related parties.
e. Lain-lain e. Others
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pihak ketiga Third parties
Pendapatan administrasi
akseptasi 383.225 320.302 Acceptance administration income
Komisi asuransi 340.820 263.666 Insurance commissions
Pendapatan penalti 202.567 148.794 Penalty income
Penerimaan kembali piutang yang Recovery from writen off
telah dihapusbukukan 182.787 161.497 receivables
Pendapatan atas penerimaan
biaya tarik 133.122 47.215 Income from repossess fee
Pendapatan penagihan 31.205 40.134 Collection income
Lain-lain 155.484 129.208 Others
1.429.210 1.110.816
Pihak berelasi Related parties
Pendapatan administrasi
akseptasi - 8 Acceptance administration income
- 8
1.429.210 1.110.824
95
Page 430
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PENDAPATAN (lanjutan) 21. REVENUE (continued)
e. Lain-lain (lanjutan) e. Others (continued)
Komisi asuransi merupakan komisi yang diterima Insurance commissions represent
dari perusahaan asuransi terkait penutupan commissions from insurance companies in
asuransi atas kegiatan pembiayaan konsumen. relation to insurance coverage for consumer
Pendapatan administrasi akseptasi merupakan financing activities. Acceptance administration
pendapatan yang diterima Perseroan income represents income received by the
sehubungan dengan kepengurusan administrasi Company in relation to handling the
penerimaan asuransi. Utang kepada administrative insurance acceptance. The
perusahaan asuransi dicatat sebagai utang related payables to insurance companies are
usaha di laporan posisi keuangan (lihat recorded as trade payables in the statement of
Catatan 12). financial position (refer to Note 12).
Lain-lain merupakan pendapatan dari Others represent income for refund of
pengembalian premi asuransi atas kendaraan insurance premium for the auctioned vehicles,
yang telah dilelang, administrasi dari administration from auction registration, and
pendaftaran lelang, dan administrasi dari administration from installment payment via
pembayaran angsuran melalui loket payment point.
pembayaran.
Lihat Catatan 26c untuk rincian saldo dan Refer to Note 26c for details of balances and
transaksi dengan pihak berelasi. transactions with related parties.
22. BEBAN KEUANGAN 22. FINANCE CHARGES
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pihak ketiga Third parties
Bunga pinjaman yang diterima 1.152.592 921.592 Interest on borrowings
Bunga utang obligasi 386.154 354.777 Interest on bonds payable
Administrasi bank dan provisi bank 66.401 67.902 Bank administration and bank provision
Amortisasi biaya emisi Amortization of bonds payable
utang obligasi (lihat Catatan 17) 4.129 3.716 issuance cost (refer to Note 17)
(Laba) rugi selisih kurs (4.003) 591 Foreign exchange (gain) loss
Lain-lain 2.447 2.584 Others
1.607.720 1.351.162
Pihak berelasi Related parties
Bunga pinjaman yang diterima 304.021 156.527 Interest on borrowings
Bunga liabilitas sewa 2.205 2.476 Interest on lease liabilities
306.226 159.003
1.913.946 1.510.165
Lihat Catatan 26d untuk rincian saldo dan transaksi Refer to Note 26d for details of balances and
pihak berelasi. transactions with related parties.
96
Page 431
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. BEBAN GAJI DAN TUNJANGAN 23. SALARIES AND BENEFITS EXPENSES
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pihak ketiga Third parties
Gaji dan tunjangan 745.206 692.473 Salaries and allowances
Imbalan pasca kerja dan Post-employment and
jangka panjang lainnya (5.936) 78.440 other long-term benefits
Biaya pesangon dan pembayaran imbalan Termination expense and other
jangka panjang lainnya 1.593 2.275 long-term benefits cost payment
740.863 773.188
Pihak berelasi Related parties
Gaji dan tunjangan 21.926 19.653 Salaries and allowances
Tantiem 12.442 9.353 Tantiem
34.368 29.006
775.231 802.194
Lihat Catatan 26d untuk rincian saldo dan transaksi Refer to Note 26d for details of balances and
pihak berelasi. transactions with related parties.
24. BEBAN UMUM DAN ADMINISTRASI 24. GENERAL AND ADMINISTRATIVE EXPENSES
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pihak ketiga Third parties
Biaya penagihan 142.018 112.067 Collection fee
Penyusutan aset tetap Depreciation of fixed assets
(lihat Catatan 10) 46.957 41.383 (refer to Note 10)
Perbaikan dan pemeliharaan 40.019 31.421 Repairs and maintenance
Penyusutan aset hak guna Depreciation of right-of-use assets
(lihat Catatan 10) 29.877 26.722 (refer to Note 10)
Jasa pihak ketiga 22.585 20.954 Third parties service
Rekrutmen dan pelatihan 21.270 7.826 Recruitment and training
Iuran OJK 18.432 10.710 OJK fees
Komunikasi 17.128 15.192 Communications
Perjalanan dinas 12.437 19.334 Travelling
Keamanan 10.726 9.317 Security
Listrik dan air 7.964 6.947 Utilities
Jasa profesional 7.031 5.973 Professional fees
Alat tulis dan cetakan 5.598 5.613 Stationaries and printings
Jamuan bisnis 3.581 7.804 Corporate entertainment
Sewa 2.689 3.252 Rent
Lain-lain 16.378 18.097 Others
Total 404.690 342.612 Total
Pihak berelasi Related parties
Sewa 8.488 7.224 Rent
Total 413.178 349.836 Total
Lain-lain merupakan beban perijinan, piknik Others represent legal, corporate event,
perayaan, iklan, asuransi, sumbangan, publikasi, advertising, insurance expenses, donation,
ekspedisi, koran dan majalah. publication, expedition, newspaper and magazine.
97
Page 432
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. LABA PER SAHAM 25. EARNINGS PER SHARE
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Laba tahun berjalan 1.172.082 1.161.101 Income for the year
Number of ordinary shares
Jumlah saham biasa yang beredar outstanding (in thousands)
(dalam ribuan) (lihat Catatan 19) 2.500.000 2.500.000 (refer to Note 19)
Laba per saham dasar Basic earnings per share
(nilai penuh) 469 464 (full amount)
26. SALDO DAN TRANSAKSI DENGAN PIHAK 26. BALANCES AND TRANSACTIONS WITH
BERELASI RELATED PARTIES
Sifat hubungan dengan pihak berelasi adalah The nature of relationships with related parties are
sebagai berikut: as follows:
Sifat hubungan dengan pihak berelasi/
Pihak berelasi/Related parties Nature of relationship with the related parties
PT Bank Mandiri (Persero) Tbk Pemegang saham mayoritas/Controlling shareholder
PT Tunas Ridean Pemegang saham minoritas/Minority shareholder
PT Bumi Daya Plaza Dikendalikan oleh Dana Pensiun Bank Mandiri/
Controlled by Dana Pensiun Bank Mandiri
PT Bank Mandiri Taspen Dikendalikan oleh PT Bank Mandiri (Persero) Tbk/
Controlled by PT Bank Mandiri (Persero) Tbk
PT AXA Insurance Indonesia (dahulu/formerly Entitas asosiasi PT Bank Mandiri (Persero) Tbk/
PT Mandiri AXA General Insurance) Associate entity of PT Bank Mandiri (Persero) Tbk
Dana Pensiun Bank Mandiri Bank Mandiri sebagai pendiri/Bank Mandiri as founder
PT Surya Sudeco Dikendalikan oleh PT Tunas Ridean/
Controlled by PT Tunas Ridean
PT Bank Rakyat Indonesia (Persero) Tbk Badan usaha milik negara/State-owned company
PT Asuransi Jasa Indonesia (Persero) Badan usaha milik negara/State-owned company
PT Sarana Multigriya Finansial (Persero) Badan usaha milik negara/State-owned company
Perum Jaminan Kredit Indonesia Badan usaha milik negara/State-owned company
PT Bank Tabungan Negara (Persero) Tbk Badan usaha milik negara/State-owned company
PT Kimia Farma Apotek Entitas anak dari badan usaha milik negara/
Subsidiary of state-owned company
PT Kimia Farma Diagnostika Entitas anak dari badan usaha milik negara/
Subsidiary of state-owned company
PT Kimia Farma Trading & Distribution Entitas anak dari badan usaha milik negara/
Subsidiary of state-owned company
PT Asuransi Jiwa Taspen Entitas anak dari badan usaha milik negara/
Subsidiary of state-owned company
Personil manajemen kunci Grup Personil manajemen kunci Group Bank Mandiri/
Key management personnel of Bank Mandiri Group
Karyawan kunci Anggota Dewan Komisaris dan Direksi/
Members of Boards of Commissioners and Director
Pada tanggal 4 Oktober 2023, PT Bank Mandiri As of 4 October 2023, PT Bank Mandiri (Persero)
(Persero) Tbk mengalihkan seluruh saham miliknya Tbk transferred all of its shares in PT AXA
di PT AXA Insurance Indonesia. Per tanggal Insurance Indonesia. As of 31 December 2024 and
31 Desember 2024 dan 2023, PT AXA Insurance 2023, PT AXA Insurance Indonesia is no longer a
Indonesia tidak lagi menjadi pihak berelasi. related party.
98
Page 433
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SALDO DAN TRANSAKSI DENGAN PIHAK 26. BALANCES AND TRANSACTIONS WITH
BERELASI (lanjutan) RELATED PARTIES (continued)
Dalam kegiatan normal usaha, Perseroan melakukan In the normal course of business, the Company
transaksi dengan pihak berelasi karena hubungan enters into certain transactions with parties which
kepemilikan dan/atau kepengurusan. are related to the management and/or owned by the
same ultimate shareholder.
Seluruh transaksi yang signifikan dengan pihak-pihak All significant transactions with related parties are
berelasi dilakukan dengan persyaratan dan kondisi conducted under commercial terms and condition
usaha pada umumnya yang mungkin tidak sama which may not be similar to those conducted with
sebagaimana dilakukan dengan pihak ketiga third parties (Note 2s).
(Catatan 2s).
a. Aset a. Assets
31 Desember/ 31 Desember/
December 2024 December 2023
Kas dan setara kas Cash and cash equivalents
Kas pada bank (lihat Catatan 4) Cash in banks (refer to Note 4)
PT Bank Mandiri (Persero) Tbk 1.232.725 781.632 PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 205 798 (Persero) Tbk
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 16 15 (Persero) Tbk
PT Bank Mandiri Taspen 6 6 PT Bank Mandiri Taspen
1.232.952 782.451
Deposito berjangka (lihat Catatan 4) Time deposits (refer to Note 4)
PT Bank Mandiri Taspen 50.000 50.000 PT Bank Mandiri Taspen
Piutang pembiayaan konsumen Consumer financing receivable
(lihat Catatan 5) (refer to Note 5)
Personel manajemen kunci Grup 34.043 7.109 Group’s key management personnel
PT Kimia Farma Apotek 1.985 4.327 PT Kimia Farma Apotek
PT Kimia Farma Diagnostika 24 106 PT Kimia Farma Diagnostika
PT Kimia Farma Trading PT Kimia Farma Trading
& Distribution 5.294 - & Distribution
41.346 11.542
Piutang lain-lain Other receivables
(lihat Catatan 8) (refer to Note 8)
PT Bank Mandiri (Persero) Tbk 366.435 473.710 PT Bank Mandiri (Persero) Tbk
Perum Jaminan Kredit Indonesia 325 70.992 Perum Jaminan Kredit Indonesia
PT Asuransi Jasa PT Asuransi Jasa
Indonesia (Persero) 2.161 2.161 Indonesia (Persero)
PT Tunas Ridean 620 620 PT Tunas Ridean
369.541 547.483
Aset lain-lain Other assets
(lihat Catatan 11) (refer to Note 11)
PT Bumi Daya Plaza 689 765 PT Bumi Daya Plaza
PT Bank Mandiri Taspen 137 137 PT Bank Mandiri Taspen
826 902
Total aset Total assets associated with
kepada pihak berelasi 1.694.665 1.392.378 related parties
Persentase terhadap total aset 4,92% 4,68% Percentage to total assets
99
Page 434
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SALDO DAN TRANSAKSI DENGAN PIHAK 26. BALANCES AND TRANSACTIONS WITH
BERELASI (lanjutan) RELATED PARTIES (continued)
a. Aset (lanjutan) a. Assets (continued)
Piutang lain-lain pihak berelasi kepada PT Tunas Other related party receivables from PT Tunas
Ridean, Perum Jaminan Kredit Indonesia, dan Ridean, Perum Jaminan Kredit Indonesia, and
PT Asuransi Jasa Indonesia (Persero) terutama PT Asuransi Jasa Indonesia (Persero) are in
berhubungan dengan transaksi usaha. respect of trade activities.
Piutang lain-lain pihak berelasi kepada PT Bank Other related party receivables from PT Bank
Mandiri (Persero) Tbk merupakan pembayaran Mandiri (Persero) Tbk represent payments to
ke dealer untuk porsi pembiayaan bersama yang dealers for joint financing portion which was
dibayarkan terlebih dahulu oleh Perseroan. paid in advance by the Company.
Manajemen berkeyakinan bahwa cadangan Management believes that the allowance for
kerugian penurunan nilai untuk piutang impairment losses of consumer financing
pembiayaan konsumen dan piutang lain-lain - receivables and other receivables - related
pihak berelasi adalah cukup untuk menutupi party is sufficient to cover any possible losses
kemungkinan kerugian dari tidak tertagihnya from uncollectible accounts.
piutang tersebut.
b. Liabilitas b. Liabilities
31 Desember/ 31 Desember/
December 2024 December 2023
Utang lain-lain (lihat Catatan 13) Other payables (refer to Note 13)
PT Bank Mandiri (Persero) Tbk 27.033 24.591 PT Bank Mandiri (Persero) Tbk
PT Bumi Daya Plaza 19.084 23.865 PT Bumi Daya Plaza
PT Surya Sudeco 5.269 8.109 PT Surya Sudeco
PT Tunas Ridean 240 240 PT Tunas Ridean
51.626 56.805
Beban yang masih
harus dibayar (lihat Catatan 14) Accrued expenses (refer to Note 14)
PT Bank Mandiri (Persero) Tbk 6.399 3.381 PT Bank Mandiri (Persero) Tbk
PT Sarana Multigriya Finansial PT Sarana Multigriya Finansial
(Persero) 2.827 393 (Persero)
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 317 698 (Persero) Tbk
9.543 4.472
Pinjaman (lihat Catatan 15) Borrowings (refer to Note 15)
PT Bank Mandiri (Persero) Tbk 4.132.755 2.061.963 PT Bank Mandiri (Persero) Tbk
PT Sarana Multigriya Finansial PT Sarana Multigriya Finansial
(Persero) 1.563.817 523.733 (Persero)
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 138.889 305.556 (Persero) Tbk
5.835.461 2.891.252
100
Page 435
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SALDO DAN TRANSAKSI DENGAN PIHAK 26. BALANCES AND TRANSACTIONS WITH
BERELASI (lanjutan) RELATED PARTIES (continued)
b. Liabilitas (lanjutan) b. Liabilities (continued)
31 Desember/ 31 Desember/
December 2024 December 2023
Surat berharga yang diterbitkan Securities issued
(lihat Catatan 17) (refer to Note 17)
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 350.000 308.000 (Persero) Tbk
Dana Pensiun Bank Mandiri 194.000 110.000 Dana Pensiun Bank Mandiri
PT Asuransi Jiwa Taspen 100.000 - PT Asuransi Jiwa Taspen
Perum Jaminan Kredit Indonesia - 25.000 Perum Jaminan Kredit Indonesia
644.000 443.000
Total liabilitas kepada pihak Total liabilities associated
berelasi 6.540.630 3.395.529 with related parties
Persentase terhadap total liabilitas 22,13% 13,21% Percentage to total liabilities
Utang lain-lain kepada pihak berelasi terutama Other payables to related parties are mainly in
berhubungan dengan utang angsuran pokok respect of payables related with installments
termasuk bunga kepada pemberi pembiayaan including interest to joint financing principals
bersama dan sewa. providers and lease.
c. Pendapatan c. Revenue
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pembiayaan konsumen Consumer financing
(lihat Catatan 21a) (refer to Note 21a)
Personil manajemen kunci Grup 1.569 512 Group’s key management personnel
PT Kimia Farma Trading PT Kimia Farma Trading
& Distribution 380 - & Distribution
PT Kimia Farma Apotek 212 267 PT Kimia Farma Apotek
PT Kimia Farma Diagnostika 13 28 PT Kimia Farma Diagnostika
2.174 807
Simpanan Bank (lihat Catatan 21d) Deposit in bank (refer to Note 21d)
PT Bank Mandiri (Persero) Tbk 13.511 13.544 PT Bank Mandiri (Persero) Tbk
PT Bank Mandiri Taspen 2.694 2.645 PT Bank Mandiri Taspen
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 2 2 (Persero) Tbk
16.207 16.191
Lain-lain (lihat Catatan 21e) Others (refer to Note 21e)
PT AXA Insurance Indonesia PT AXA Insurance Indonesia
(dahulu PT Mandiri AXA (formerly PT Mandiri AXA
General Insurance) - 8 General Insurance)
- 8
101
Page 436
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. SALDO DAN TRANSAKSI DENGAN PIHAK 26. BALANCES AND TRANSACTIONS WITH
BERELASI (lanjutan) RELATED PARTIES (continued)
c. Pendapatan (lanjutan) c. Revenue (continued)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Total pendapatan dari Total revenue associated
pihak berelasi 18.381 17.006 with related parties
Persentase terhadap total
pendapatan 0.33% 0,36% Percentage to total revenue
Pendapatan bunga simpanan bank berkaitan Interest income from deposit in bank to related
dengan penempatan dana kepada pihak berelasi parties has interest rates 0.00% - 5.50% in
dengan tingkat bunga masing-masing sebesar 2024 and 2023, respectively.
0,00% - 5,50% pada tahun 2024 dan 2023.
d. Beban d. Expenses
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Beban keuangan Financial charges
(lihat Catatan 22) (refer to Note 22)
PT Bank Mandiri (Persero) Tbk 198.370 112.682 PT Bank Mandiri (Persero) Tbk
PT Sarana Multigriya Finansial PT Sarana Multigriya Finansial
(Persero) 89.565 16.741 (Persero)
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 15.581 27.104 (Persero) Tbk
PT Bumi Daya Plaza 1.731 1.866 PT Bumi Daya Plaza
PT Bank Rakyat Indonesia 505 - PT Bank Rakyat Indonesia
PT Surya Sudeco 474 610 PT Surya Sudeco
306.226 159.003
Beban gaji dan tunjangan Salaries and benefits
(lihat Catatan 23) (refer to Note 23)
Kompensasi Dewan Boards of Commissioners and
Komisaris dan Direksi Directors remuneration
Dewan Komisaris Board of Commissioners
Imbalan kerja jangka pendek: Short-term employee benefits:
Gaji dan tunjangan 5.450 5.335 Salaries and allowances
Tantiem 2.992 2.603 Tantiem
Direksi Directors
Imbalan kerja jangka pendek: Short-term employee benefits:
Gaji dan tunjangan 16.476 14.318 Salaries and allowances
Tantiem 9.450 6.750 Tantiem
34.368 29.006
Beban umum dan administrasi General and administrative expense
(lihat Catatan 24) (refer to Note 24)
PT Bumi Daya Plaza 8.488 7.224 PT Bumi Daya Plaza
Total beban kepada pihak Total expenses associated
berelasi 349.082 195.233 with related parties
Persentase terhadap total beban 8,57% 5,93% Percentage to total expenses
102
Page 437
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO 27. RISK MANAGEMENT
Risiko pasar Market risk
Risiko pasar merupakan risiko yang terutama Market risk is the risk which is primarily caused by
disebabkan karena perubahan tingkat suku bunga, the changes in interest rates, exchange rate of
nilai tukar mata uang Rupiah, harga komoditas dan Rupiah currency, commodity prices and the price of
harga modal atau pinjaman, yang dapat membawa capital or loans, in which the Company may be
risiko bagi Perseroan. Dalam perencanaan usaha exposed to. In the Company's business planning,
Perseroan, risiko pasar yang memiliki dampak market risk with direct impact to the Company is in
langsung kepada Perseroan adalah dalam hal terms of interest rates management.
pengelolaan tingkat bunga.
Perubahan tingkat bunga acuan akan menjadi risiko Changes in interest rates would become a risk at
pada saat perubahannya, terutama ketika tingkat the point of change, especially when the interest
bunga dinaikkan, yang menyebabkan kerugian bagi rate increases, which would cause losses to the
Perseroan sehingga dapat menyebabkan risiko kredit Company, hence resulting in increased Company's
Perseroan meningkat. Untuk itu, Perseroan credit risk. Therefore, the Company consistently
menerapkan pengelolaan tingkat bunga tetap secara implements fixed interest rate management by
konsisten dengan menyesuaikan tingkat bunga kredit making adjustments on lending interest rate and
terhadap tingkat bunga pinjaman dan beban dana. cost of funds.
Sumber pendanaan Perseroan yang terbesar berasal The largest source of funding for the Company
dari skema pembiayaan bersama dengan PT Bank comes from a joint financing scheme with PT Bank
Mandiri (Persero) Tbk dengan tingkat bunga tetap Mandiri (Persero) Tbk with fixed interest rate and
dan jangka waktu yang sama dengan piutang same period with the consumer financing
pembiayaan konsumen. receivables.
Perseroan juga menerbitkan obligasi yang sebagian The Company’s source of funding is also derived
besar mempunyai jangka waktu yang panjang, yaitu from the issuance of bonds mostly for long-term, i.e.
3 (tiga) - 5 (lima) tahun dengan tingkat bunga tetap for 3 (three) - 5 (five) years, with fixed interest rates
serta sejumlah kecil pinjaman dari bank swasta and as well as a small number of loans from the
nasional dan asing dengan tingkat bunga tetap dan national and foreign private banks with fixed and
mengambang. floating interest rates.
Dengan pola aktivitas usaha yang dijalankan With the pattern of business activity currently
Perseroan saat ini, risiko pasar Perseroan adalah operated by the Company, the market risk of the
minimal. Perseroan tidak mempunyai kegiatan usaha Company is minimal. The Company does not have
pembiayaan konsumen dalam mata uang asing. consumer financing business in foreign currency.
Tabel berikut menggambarkan rincian aset dan The following tables summarize the Company’s
liabilitas keuangan Perseroan yang dikelompokkan financial assets and liabilities categorized by the
menurut mana yang lebih awal antara tanggal earlier of contractual repricing or maturity dates to
repricing atau tanggal jatuh tempo kontraktual untuk see the impact of changes in interest rates (gross):
melihat dampak perubahan tingkat suku bunga
(bruto):
31 Desember/December 2024
Tingkat bunga tetap/Fixed interest rate
Lebih dari
1 tahun
Bunga Lebih dari 3 sampai 2 Tidak
mengambang Kurang dari 1 1 bulan bulan sampai 1 tahun/ Lebih dari dikenakan
<3 bulan/ bulan/Less sampai 3 bulan/ tahun/Over 3 Over 1 2 tahun/ bunga/No
Floating Rate < 3 than 1 month months year to 2 Over 2 interest rate
months 1 month to 3 months to 1 year years years charges Total
Aset keuangan Financial assets
Kas pada bank 1.284.161 - - - - - - 1.284.161 Cash in banks
Consumer financing
Piutang pembiayaan konsumen - 1.088.517 2.036.881 8.285.549 7.766.536 8.018.459 - 27.195.942 receivables
Piutang sewa pembiayaan - 283.951 539.896 2.013.111 1.745.649 912.980 5.495.587 Finance lease receivables
Anjak piutang - 577 1.158 5.213 6.950 20.850 - 34.748 Factoring receivables
Piutang lain lain - - - - - - 533.714 533.714 Other receivables
Piutang derivatif - - - 7.979 22.045 14.984 - 45.008 Derivative receivables
Aset lain-lain*) - - - - - - 35.537 35.537 Other assets*)
Jumlah aset keuangan 1.284.161 1.373.045 2.577.935 10.311.852 9.541.180 8.967.273 569.251 34.624.697 Total financial assets
*) Aset lain-lain terdiri dari piutang karyawan, piutang bunga, *) Other assets consists of employee receivables, interest
setoran dalam perjalanan, dan uang jaminan. receivables, deposit in transit, and security deposit
103
Page 438
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO (lanjutan) 27. RISK MANAGEMENT (continued)
Risiko pasar (lanjutan) Market risk (continued)
Tabel berikut menggambarkan rincian aset dan The following tables summarize the Company’s
liabilitas keuangan Perseroan yang dikelompokkan financial assets and liabilities categorized by the
menurut mana yang lebih awal antara tanggal earlier of contractual repricing or maturity dates to
repricing atau tanggal jatuh tempo kontraktual untuk see the impact of changes in interest rates (gross):
melihat dampak perubahan tingkat suku bunga (continued)
(bruto): (lanjutan)
31 Desember/December 2024
Tingkat bunga tetap/Fixed interest rate
Lebih dari
1 tahun
Bunga Lebih dari 3 sampai 2 Tidak
mengambang Kurang dari 1 1 bulan bulan sampai 1 tahun/ Lebih dari dikenakan
<3 bulan/ bulan/Less sampai 3 bulan/ tahun/Over 3 Over 1 2 tahun/ bunga/No
Floating Rate < 3 than 1 month months year to 2 Over 2 interest rate
months 1 month to 3 months to 1 year years years charges Total
Liabilitas keuangan Financial liabilities
Utang usaha - - - - - - 604.208 604.208 Trade payables
Utang lain-lain**) - 9.413 2.308 5.117 12.997 995 166.269 197.099 Other payables**)
Utang derivatif - - - - - 12.654 - 12.654 Derivative payable
Beban yang masih harus
dibayar - 3.118 244.823 - - - 247.941 Accrued expenses
Pinjaman yang diterima - 1.055.825 2.023.080 7.686.394 7.123.001 3.587.896 - 21.476.196 Borrowings
Surat berharga yang diterbitkan - - 851.315 385.860 1.727.057 3.717.693 - 6.681.925 Securities issued
Jumlah liabilitas keuangan - 1.068.356 3.121.526 8.077.371 8.863.055 7.319.238 770.477 29.220.023 Total financial liabilities
Total interest
Jumlah selisih penilaian bunga 1.284.161 304.689 (543.591) 2.234.481 678.125 1.648.035 (201.226) 5.404.674 repricing gap
**) Utang lain-lain terdiri dari titipan konsumen, liabilitas sewa, jasa notaris, **) Other payables consists of customer deposits, lease liabilites,
barang dan jasa, pembiayaan bersama, dan lain-lain. notary services, goods and services, joint financing, and others
31 Desember/December 2023
Tingkat bunga tetap/Fixed interest rate
Lebih dari
1 tahun
Bunga Lebih dari 3 sampai 2 Tidak
mengambang Kurang dari 1 1 bulan bulan sampai 1 tahun/ Lebih dari dikenakan
<3 bulan/ bulan/Less sampai 3 bulan/ tahun/Over 3 Over 1 2 tahun/ bunga/No
Floating Rate < 3 than 1 month months year to 2 Over 2 interest rate
months 1 month to 3 months to 1 year years years charges Total
Aset keuangan Financial assets
Kas pada bank 833.946 - - - - - - 833.946 Cash in banks
Consumer financing
Piutang pembiayaan konsumen - 887.083 1.645.160 6.683.175 6.635.844 6.858.455 - 22.709.717 receivables
Piutang sewa pembiayaan - 298.722 581.208 2.153.439 1.617.585 765.911 - 5.416.865 Finance lease receivables
Anjak piutang - 650 1.300 5.851 7.802 20.155 - 35.758 Factoring receivables
Piutang lain lain - - - - - - 667.152 667.152 Other receivables
Piutang derivatif - - - - 12.374 16.559 - 28.933 Derivative receivables
Aset lain-lain*) - - - - - - 49.049 49.049 Other assets*)
Jumlah aset keuangan 833.946 1.186.455 2.227.668 8.842.465 8.273.605 7.661.080 716.201 29.741.420 Total financial assets
Liabilitas keuangan Financial liabilities
Utang usaha - - - - - - 1.017.137 1.017.137 Trade payables
Utang lain-lain**) - 2.017 2.407 10.390 13.132 12.247 164.880 205.073 Other payables**)
Beban yang masih harus
dibayar - 2.113 259.985 - - - - 262.098 Accrued expenses
Pinjaman yang diterima - 1.206.954 1.576.225 6.614.262 5.999.465 2.699.809 - 18.096.715 Borrowings
Surat berharga yang diterbitkan - - 200.000 1.572.611 1.236.226 2.678.678 - 5.687.515 Securities issued
Jumlah liabilitas keuangan - 1.211.084 2.038.617 8.197.263 7.248.823 5.390.734 1.182.017 25.268.538 Total financial liabilities
Total interest
Jumlah selisih penilaian bunga 833.946 (24.629) 189.051 645.202 1.024.782 2.270.346 (465.816) 4.472.882 repricing gap
*) Aset lain-lain terdiri dari piutang karyawan, piutang bunga, *) Other assets consists of employee receivables, interest
setoran dalam perjalanan, dan uang jaminan. receivables, deposit in transit, and security deposit
**) Utang lain-lain terdiri dari titipan konsumen, liabilitas sewa, jasa notaris, **) Other payables consists of customer deposits, lease liabilities,
barang dan jasa, pembiayaan bersama, dan lain-lain. notary services, goods and services, joint financing, and others
104
Page 439
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO (lanjutan) 27. RISK MANAGEMENT (continued)
Risiko kredit Credit risk
Pengelolaan risiko kredit perseroan diarahkan untuk The Company’s credit risk management is directed
meningkatkan keseimbangan antara ekspansi kredit to improve the balance between healthy credit
yang sehat dengan pengelolaan kredit secara expansion with a prudent credit management to
prudent agar terhindar dari penurunan kualitas atau avoid the decline in the quality or being Non
menjadi Non Performing Loan (NPL), serta Performing Loan (NPL), as well as, capital
mengelola penggunaan modal untuk memperoleh management to earn optimal return. It starts from
return yang optimal. Dimulai dari proses awal the process of receiving credit applications
penerimaan aplikasi kredit yang selektif dan ditangani selectively and handling them with prudence
dengan prinsip kehati-hatian, yang mana aplikasi principle, where the credit application would go
kredit akan melalui proses survey dan analisa kredit through survey and credit analysis process before
sebelum disetujui oleh Komite Kredit. Perseroan juga being approved by the Credit Committee. The
menerapkan Pedoman Penerapan Prinsip Mengenal Company also implemented the Manual for
Nasabah dan ketentuan uang muka kendaraan Implementation of Know Your Customer Principles
sesuai dengan Peraturan Otoritas Jasa Keuangan. down payment regulation as regulated in Financial
Services Authority Regulation.
Untuk setiap kategori aset keuangan, Perseroan For each financial asset category, the Company
harus mengungkapkan eksposur maksimum should disclose maximum exposure to credit risk
terhadap risiko kredit dan analisa konsentrasi risiko and concentration of credit risk analysis.
kredit.
i. Eksposur maksimum terhadap risiko kredit i. Maximum exposure to credit risk
Nilai tercatat dari aset keuangan Perseroan The carrying amount of the Company’s
selain piutang sewa pembiayaan dan piutang financial assets other than finance lease
pembiayaan konsumen menggambarkan receivables and consumer financing
eksposur maksimum atas risiko tersebut. Dalam receivables represent the maximum exposure
hal piutang pembiayaan konsumen dan sewa of credit. In case of consumer financing and
pembiayaan, Perseroan menggunakan agunan finance lease receivables, the Company uses
untuk meminimalkan risiko kredit. Perseroan the collateral to minimize the credit risk. The
menetapkan jenis dan nilai agunan yang diterima Company determined the type and value of
antara lain tanah, bangunan dan Bukti Pemilikan collaterals accepted such as land, buildings,
Kendaraan Bermotor (BPKB) atas kendaraan and Certificate of Ownership of the vehicles
yang dibiayai Perseroan. Apabila terjadi default financed by the Company. In times of default,
(gagal bayar), Perseroan akan menggunakan the Company will use the collateral as the last
agunan tersebut sebagai pilihan terakhir untuk resort in recovering the obligation of the
pemenuhan kewajiban counterparty. counterparty.
Konsentrasi risiko kredit timbul ketika sejumlah Concentrations of credit risk arise when a
pelanggan bergerak dalam aktivitas usaha yang number of customers are engaged in similar
sama atau aktivitas dalam wilayah geografis business activities or activities within the same
yang sama, atau ketika mereka memiliki geographic region, or when they have similar
karakteristik yang sejenis yang akan characteristics that would cause their ability to
menyebabkan kemampuan untuk memenuhi meet contractual obligations to be similarly
kewajiban kontraktualnya sama-sama affected by changes in economic or other
dipengaruhi oleh perubahan kondisi ekonomi conditions.
atau yang lainnya.
Perseroan bergerak di bidang usaha The Company is currently engaged in
pembiayaan konsumen yang pelanggannya consumer financing business in which the
kebanyakan adalah individu dan tidak customers are mainly individuals and they are
terkonsentrasi pada wilayah geografis tertentu. not concentrated in the specific geographic
region.
105
Page 440
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO (lanjutan) 27. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
ii. Analisis konsentrasi risiko kredit ii. Concentration of credit risk analysis
Tabel berikut menggambarkan jumlah risiko The following tables set out the total credit risk
kredit dan konsentrasi risiko aset keuangan and risk concentration of financial assets of the
konsumen yang dimiliki Perseroan (bruto): Company (gross):
a. Sektor geografis a. Geographical sector
31 Desember/December 2024
Lainnya/
Jawa Bali Sumatera Kalimantan Sulawesi Others Total
Kas pada bank 1.280.516 772 1.957 785 131 1.284.161 Cash in banks
Piutang pembiayaan Consumer financing
konsumen 16.044.381 3.819.498 4.211.717 2.769.230 351.116 27.195.942 receivables
Piutang sewa pembiayaan 4.513.905 421.539 330.577 197.720 31.846 5.495.587 Finance lease receivables
Anjak piutang 34.748 - - - - 34.748 Factoring receivables
Piutang lain-lain 533.714 - - - - 533.714 Other receivables
Piutang derivatif 45.008 - - - - 45.008 Derivative receivables
Aset lain-lain*) 4.082 - 27 34 31.394 35.537 Other assets*)
22.456.354 4.241.809 4.544.278 2.967.769 414.487 34.624.697
31 Desember/December 2023
Lainnya/
Jawa Bali Sumatera Kalimantan Sulawesi Others Total
Kas pada bank 832.887 337 377 300 45 833.946 Cash in banks
Piutang pembiayaan Consumer financing
konsumen 13.211.028 3.419.462 3.440.187 2.302.492 336.548 22.709.717 receivables
Piutang sewa pembiayaan 4.765.045 256.861 246.374 123.483 25.102 5.416.865 Finance lease receivables
Anjak piutang 35.758 - - - - 35.758 Factoring receivables
Piutang lain-lain 667.152 - - - - 667.152 Other receivables
Piutang derivatif 28.933 - - - - 28.933 Derivative receivables
Aset lain-lain*) 917 - 26 34 48.072 49.049 Other assets*)
19.541.720 3.676.660 3.686.964 2.426.309 409.767 29.741.420
*) Aset lain-lain terdiri dari piutang karyawan, piutang bunga, *) Other assets consists of employee receivables, interest
setoran dalam perjalanan, dan uang jaminan. receivables, deposit in transit, and security deposit
**) Utang lain-lain terdiri dari titipan konsumen, liabilitas sewa, jasa notaris, **) Other payables consists of customer deposits, lease liabilities,
barang dan jasa, pembiayaan bersama, dan lain-lain. notary services, goods and services, joint financing, and others
b. Sektor industri b. Industry sector
31 Desember/December 2024
Lembaga
Keuangan/
Financial Konsumen/ Lain-lain/
Institution Customers Others Total
Kas pada bank 1.284.161 - - 1.284.161 Cash in banks
Piutang pembiayaan Consumer financing
konsumen - 27.195.942 - 27.195.942 receivables
Piutang sewa pembiayaan - 5.495.587 - 5.495.587 Finance lease receivables
Anjak piutang - 34.748 - 34.748 Factoring receivables
Piutang lain-lain - - 533.714 533.714 Other receivables
Piutang derivatif 45.008 - - 45.008 Derivative receivables
Aset lain-lain*) - - 35.537 35.537 Other assets*)
1.329.169 32.726.277 569.251 34.624.697
31 Desember/December 2023
Lembaga
Keuangan/
Financial Konsumen/ Lain-lain/
Institution Customers Others Total
Kas pada bank 833.946 - - 833.946 Cash in banks
Piutang pembiayaan Consumer financing
konsumen - 22.709.717 - 22.709.717 receivables
Piutang sewa pembiayaan - 5.416.865 - 5.416.865 Finance lease receivables
Anjak piutang - 35.758 - 35.758 Factoring receivables
Piutang lain-lain - - 667.152 667.152 Other receivables
Piutang derivatif 28.933 - - 28.933 Derivative receivables
Aset lain-lain*) - - 49.049 49.049 Other assets*)
862.879 28.162.340 716.201 29.741.420
*) Aset lain-lain terdiri dari piutang karyawan, piutang bunga, *) Other assets consists of employee receivables, interest
setoran dalam perjalanan, dan uang jaminan. receivables, deposit in transit, and security deposit
**) Utang lain-lain terdiri dari titipan konsumen, liabilitas sewa, jasa notaris, **) Other payables consists of customer deposits, lease liabilities,
barang dan jasa, pembiayaan bersama, dan lain-lain. notary services, goods and services, joint financing, and others
106
Page 441
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO (lanjutan) 27. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
ii. Analisis konsentrasi risiko kredit (lanjutan) ii. Concentration of credit risk analysis
(continued)
Tabel berikut menggambarkan jumlah risiko The following tables set out the total credit risk
kredit dan konsentrasi risiko aset keuangan and risk concentration of financial assets of the
konsumen yang dimiliki Perseroan (bruto): Company (gross): (continued)
(lanjutan)
c. Berdasarkan kualitas kredit dari aset c. Based on quality of financial assets
keuangan
Pada tanggal 31 Desember 2024 dan 2023 As of 31 December 2024 and 2023, credit
eksposur risiko kredit atas aset keuangan risk exposure of financial assets is divided
terbagi atas: into:
31 Desember/December 2024
Cadangan
Jatuh tempo kerugian
dan tidak penurunan
Belum jatuh tempo dan mengalami Mengalami nilai/
tidak mengalami penurunan penurunan Allowance for
penurunan nilai/ Neither nilai/Past due nilai/ impairment
past due nor impaired but not impaired Impaired losses Total
High grade Standard grade
Kas pada bank 1.284.161 - - - - 1.284.161 Cash in banks
Piutang pembiayaan Consumer financing
konsumen 12.906.953 12.847.456 1.057.674 383.859 (476.763) 26.719.179 receivables
Piutang sewa pembiayaan 3.054.512 2.018.162 253.369 169.544 (100.429) 5.395.158 Finance lease receivables
Anjak piutang - - - 34.748 (15.310) 19.438 Factoring receivables
Piutang lain-lain 500.283 - - 33.431 (33.431) 500.283 Other receivables
Piutang derivatif 45.008 - - - - 45.008 Derivative receivables
Aset lain-lain*) 35.537 - - - - 35.537 Other assets*)
17.826.454 14.865.618 1.311.043 621.582 (625.933) 33.998.764
31 Desember/December 2023
Cadangan
Jatuh tempo kerugian
dan tidak penurunan
Belum jatuh tempo dan mengalami Mengalami nilai/
tidak mengalami penurunan penurunan Allowance for
penurunan nilai/ Neither nilai/Past due nilai/ impairment
past due nor impaired but not impaired Impaired losses Total
High grade Standard grade
Kas pada bank 833.946 - - - - 833.946 Cash in banks
Piutang pembiayaan Consumer financing
konsumen 11.292.015 10.399.885 840.361 177.456 (347.894) 22.361.823 receivables
Piutang sewa pembiayaan 3.048.322 2.137.678 211.784 19.081 (69.293) 5.347.572 Finance lease receivables
Anjak piutang 35.758 - - (436) 35.322 Factoring receivables
Piutang lain-lain 622.854 - - 44.298 (44.298) 622.854 Other receivables
Piutang derivatif 28.933 - - - - 28.933 Derivative receivables
Aset lain-lain*) 49.049 - - - - 49.049 Other assets*)
15.875.119 12.573.321 1.052.145 240.835 (461.921) 29.279.499
*) Aset lain-lain terdiri dari piutang karyawan, piutang bunga, *) Other assets consists of employee receivables, interest
setoran dalam perjalanan, dan uang jaminan. receivables, deposit in transit, and security deposit
Penjelasan pembagian kualitas kredit yang The explanation of loan under quality
diberikan yang belum jatuh tempo dan tidak “neither past due nor impaired” were as
mengalami penurunan nilai: follows:
- High grade, yaitu tidak pernah mengalami - High grade, which never have past
tunggakan sebelumnya. due in the past.
- Standard grade, yaitu pernah mengalami - Standard grade, which have past due
tunggakan sebelumnya, namun sampai in the past but until now there has not
saat ini belum terdapat keterlambatan been overdue in payment of principal
dalam pembayaran cicilan pokok dan and interest.
bunga.
107
Page 442
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO (lanjutan) 27. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
ii. Analisis konsentrasi risiko kredit (lanjutan) ii. Concentration of credit risk analysis
(continued)
c. Berdasarkan kualitas kredit dari aset c. Based on quality of financial assets
keuangan (lanjutan) (continued)
Piutang pembiayaan konsumen, piutang Consumer financing, finance lease and
sewa pembiayaan dan anjak piutang yang factoring receivables which installments
pembayaran angsurannya menunggak lebih are overdue for more than 90 days are
dari 90 hari diklasifikasikan sebagai aset classified as impaired financial assets.
keuangan yang mengalami penurunan nilai.
Sebagai jaminan atas piutang pembiayaan As collateral to the consumer financing
konsumen yang diberikan, Perseroan receivables, the Company receives the
menerima jaminan dari konsumen berupa Certificates of Ownership (“BPKB”) of the
Bukti Pemilikan Kendaraan Bermotor motor vehicles financed by the Company,
(“BPKB”) atas kendaraan bermotor yang corporate guarantee, and personal
dibiayai Perseroan, jaminan perusahaan guarantee.
dan jaminan pribadi.
Tabel berikut menunjukkan aging analysis The following table summarizes the aging
terhadap piutang pembiayaan konsumen, analysis of consumer financing
piutang sewa pembiayaan dan anjak receivables, finance lease receivables and
piutang yang telah jatuh tempo tetapi tidak factoring receivables which are past due
mengalami penurunan nilai. but not impaired.
31 Desember/December 2024
1-30 hari/days 31-60 hari/days 61-90 hari/days Total
Piutang pembiayaan Consumer financing
konsumen 710.096 290.422 162.694 1.163.212 receivables
Piutang sewa pembiayaan 71.321 92.487 228.196 392.004 Finance lease receivables
781.417 382.909 390.890 1.555.216
31 Desember/December 2023
1-30 hari/days 31-60 hari/days 61-90 hari/days Total
Piutang pembiayaan Consumer financing
konsumen 486.720 189.653 163.988 840.361 receivables
Piutang sewa pembiayaan 106.102 42.875 62.807 211.784 Finance lease receivables
592.822 232.528 226.795 1.052.145
Risiko likuiditas Liquidity risk
Risiko likuiditas merupakan risiko, bilamana Liquidity risk is the risk when the Company does not
Perseroan tidak memiliki sumber keuangan yang have sufficient financial resources to discharge its
mencukupi untuk memenuhi kewajibannya yang telah matured liabilities. As the Company receives strong
jatuh tempo. Mengingat Perseroan memperoleh financial support from Parent Company through
dukungan keuangan yang kuat dari Entitas Induk joint financing scheme and borrowings facility, this
melalui skema pembiayaan bersama dan fasilitas risk could be managed properly. The management
pinjaman yang diterima, maka risiko ini dapat dikelola evaluates and monitors cash-in flows and cash-out
dengan baik. Manajemen melakukan evaluasi dan flows to ensure the availability of fund to settle the
pengawasan atas arus kas masuk dan arus kas obligations that are due.
keluar untuk memastikan tersedianya dana untuk
memenuhi kebutuhan pembayaran liabilitas yang
jatuh tempo.
108
Page 443
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO (lanjutan) 27. RISK MANAGEMENT (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Tabel berikut menggambarkan profil perbedaan jatuh The following table summarizes the maturity gap
tempo atas aset dan liabilitas keuangan Perseroan profile of the Company’s financial assets and
pada tanggal 31 Desember 2024 dan 2023: liabilities as of 31 December 2024 and 2023:
31 Desember/December 2024
Tidak
Lebih dari 6 mempunyai
Kurang dari bulan sampai 1 Lebih dari kontrak jatuh
satu bulan/ 1-6 tahun/More than 1 tahun/ tempo/No
Less than bulan/ 6 months up to More than contractual
one month months 1 year 1 year maturity Total
ASET ASSETS
Kas pada bank 1.284.161 - - - - 1.284.161 Cash in banks
Piutang pembiayaan konsumen 1.088.517 4.967.787 5.354.643 15.784.995 - 27.195.942 Consumer financing receivables
Piutang sewa pembiayaan 283.951 1.285.641 1.267.366 2.658.629 5.495.587 Finance lease receivables
Anjak piutang 577 2.896 3.475 27.800 - 34.748 Factoring receivables
Piutang lain-lain 533.714 - - - - 533.714 Other receivables
Piutang derivatif - 7.979 - 37.029 - 45.008 Derivative receivables
Aset lain-lain*) 35.537 - - - - 35.537 Other assets*)
Total aset 3.226.457 6.264.303 6.625.484 18.508.453 - 34.624.697 Total assets
Utang usaha 604.208 - - - - 604.208 Trade payables
Utang lain-lain**) 175.682 3.749 3.676 13.992 - 197.099 Other payables**)
Utang derivatif - - - 12.654 - 12.654 Derivative payable
Beban yang
masih harus dibayar 3.118 244.823 - - - 247.941 Accrued expense
Pinjaman yang diterima 1.055.825 4.915.936 4.793.538 10.710.897 21.476.196 Borrowings
Surat berharga yang diterbitkan - 851.315 385.860 5.444.750 - 6.681.925 Securities issued
Total liabilitas 1.838.833 6.015.823 5.183.074 16.182.293 - 29.220.023 Total liabilities
Total perbedaan jatuh tempo 1.387.624 248.480 1.442.410 2.326.160 - 5.404.674 Total maturity gap
31 Desember/December 2023
Tidak
Lebih dari 6 mempunyai
Kurang dari bulan sampai 1 Lebih dari kontrak jatuh
satu bulan/ 1-6 tahun/More than 1 tahun/ tempo/No
Less than bulan/ 6 months up to More than contractual
one month months 1 year 1 year maturity Total
ASET ASSETS
Kas pada bank 833.946 - - - - 833.946 Cash in banks
Piutang pembiayaan konsumen 887.083 4.015.096 4.313.239 13.494.299 - 22.709.717 Consumer financing receivables
Piutang sewa pembiayaan 298.722 1.388.490 1.346.157 2.383.496 - 5.416.865 Finance lease receivables
Anjak piutang 650 3.250 3.901 27.957 - 35.758 Factoring receivables
Piutang lain-lain 596.485 70.667 - - - 667.152 Other receivables
Piutang derivatif - - - 28.933 - 28.933 Derivative receivables
Aset lain-lain*) 49.049 - - - - 49.049 Other assets*)
Total aset 2.665.935 5.477.503 5.663.297 15.934.685 - 29.741.420 Total assets
Utang usaha 1.017.137 - - - - 1.017.137 Trade payables
Utang lain-lain**) 166.897 5.925 6.872 25.379 - 205.073 Other payables**)
Beban yang
masih harus dibayar 2.113 259.985 - - - 262.098 Accrued expense
Pinjaman yang diterima 1.206.954 3.878.098 4.312.389 8.699.274 - 18.096.715 Borrowings
Surat berharga yang diterbitkan - 1.114.812 657.799 3.914.904 - 5.687.515 Securities issued
Total liabilitas 2.393.101 5.258.820 4.977.060 12.639.557 - 25.268.538 Total liabilities
Total perbedaan jatuh tempo 272.834 218.683 686.237 3.295.128 - 4.472.882 Total maturity gap
*) Aset lain-lain terdiri dari piutang karyawan, piutang bunga, *) Other assets consists of employee receivables, interest
setoran dalam perjalanan, dan uang jaminan. receivables, deposit in transit, and security deposit
**) Utang lain-lain terdiri dari titipan konsumen, liabilitas sewa, jasa notaris, **) Other payables consists of customer deposits, lease liabilities,
barang dan jasa, pembiayaan bersama, dan lain-lain. notary services, goods and services, joint financing, and others
109
Page 444
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO (lanjutan) 27. RISK MANAGEMENT (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Tabel di bawah ini menunjukkan sisa jatuh tempo The tables below show the remaining contractual
kontraktual dari liabilitas keuangan berdasarkan maturities of financial liabilities based on
pada undiscounted cash flows pada tanggal undiscounted cash flows as of 31 December 2024
31 Desember 2024 dan 2023: and 2023:
31 Desember/December 2024
Lebih dari 6
Kurang dari sampai 1 Lebih dari
satu bulan/ tahun/More than 1 tahun/
Less than 1-6 bulan/ 6 months More than
one month months up to 1 year 1 year Total
LIABILITAS LIABILITIES
Utang usaha 604.208 - - - 604.208 Trade payables
Utang lain-lain**) 175.370 4.149 3.890 15.414 198.823 Other payables**)
Utang derivatif - - - 12.654 12.654 Derivative payables
Beban yang
masih harus dibayar 3.118 244.823 - - 247.941 Accrued expenses
Pinjaman yang diterima 1.182.159 5.452.681 5.266.390 11.393.597 23.294.827 Borrowings
Surat berharga yang diterbitkan 10.534 1.056.443 580.679 6.335.280 7.982.936 Securities issued
Total 1.975.389 6.758.096 5.850.959 17.756.945 32.341.389 Total
31 Desember/December 2023
Lebih dari 6
Kurang dari sampai 1 Lebih dari
satu bulan/ tahun/More than 1 tahun/
Less than 1-6 bulan/ 6 months More than
one month months up to 1 year 1 year Total
LIABILITAS LIABILITIES
Utang usaha 1.017.137 - - - 1.017.137 Trade payables
Utang lain-lain**) 166.897 5.925 6.872 25.379 205.073 Other payables**)
Beban yang
masih harus dibayar 2.113 259.985 - - 262.098 Accrued expenses
Pinjaman yang diterima 1.299.278 4.274.763 4.658.637 9.149.680 19.382.358 Borrowings
Surat berharga yang diterbitkan 31.036 1.288.053 804.667 4.344.767 6.468.523 Securities issued
Total 2.516.461 5.828.726 5.470.176 13.519.826 27.335.189 Total
**) Utang lain-lain terdiri dari titipan konsumen, liabilitas sewa, jasa notaris, **) Other payables consists of customer deposits, lease liabilities,
barang dan jasa, pembiayaan bersama, dan lain-lain. notary services, goods and services, joint financing, and others
Manajemen permodalan Capital management
Tujuan Perseroan dalam mengelola permodalannya The Company’s objectives when managing capital
adalah menjaga kelangsungan usaha Perseroan are to safeguard the Company’s ability to continue
untuk dapat memberikan hasil kepada pemegang as a going concern in order to provide returns for
saham dan manfaat kepada pemangku kepentingan shareholders and benefits for other stakeholders
lainnya, dan memelihara optimalisasi struktur and to maintain an optimal capital structure to
permodalan untuk mengurangi biaya modal. reduce the cost of capital.
Dalam rangka memelihara atau menyesuaikan In order to maintain or adjust the capital structure,
struktur permodalan, Perseroan dapat menyesuaikan the Company may adjust the amount of dividends
jumlah dividen yang dibayarkan kepada pemegang paid to shareholders, return capital to shareholders
saham, imbalan hasil modal kepada pemegang or issue new shares to reduce debt.
saham atau menerbitkan saham baru untuk
mengurangi pinjaman.
Perseroan telah memenuhi jumlah minimum modal The Company has met the minimum amount of
disetor dan rasio ekuitas minimum. paid-in capital and minimum equity ratio.
Konsisten dengan pelaku industri lainnya, Perseroan Consistent with other players in the industry, the
memonitor permodalan berdasarkan gearing ratio. Company monitors capital on the basis of the
Rasio ini dihitung dari nilai bersih pinjaman (termasuk gearing ratio. This ratio is calculated as net debt
obligasi dan medium-term notes) dibagi dengan (including bonds payable and medium-term notes)
jumlah modal. Jumlah modal diambil dari ekuitas divided by total capital. Total capital is calculated as
yang tercantum dalam laporan posisi keuangan. equity shown in the statements of financial position.
110
Page 445
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MANAJEMEN RISIKO (lanjutan) 27. RISK MANAGEMENT (continued)
Manajemen permodalan (lanjutan) Capital management (continued)
Dalam mengelola permodalan, Perseroan melakukan In managing capital, the Company conducts
analisa secara bulanan untuk memastikan bahwa monthly analysis to ensure that the Company
Perseroan tetap mengikuti POJK No. complies with the POJK No. 35/POJK.05/2018
35/POJK.05/2018 tanggal 27 Desember 2018 dated 27 December 2018 regarding Finance
tentang Penyelenggaraan Usaha Perusahaan Companies which have some provisions as follows:
Pembiayaan yang diantaranya mengatur ketentuan
sebagai berikut:
- Modal disetor Perseroan minimum sebesar - The Company's paid-up capital of minimum
Rp100.000; Rp100,000;
- Ekuitas Perseroan minimum sebesar 50,00% dari - The Company's equity amounting to minimum
modal disetor; 50.00% of paid-up capital;
- Jumlah pinjaman yang dimiliki Perseroan - The amount of the Company's loan to equity and
dibandingkan modal sendiri dan utang subordinasi subordinated loan deducted by investment
dikurangi penyertaan (gearing ratio) ditetapkan (gearing ratio) is maximum 10 times, both for off-
setinggi-tingginya 10 kali, baik untuk pinjaman luar shore and on-shore domestic loans.
negeri maupun dalam negeri.
Perseroan senantiasa menjaga jumlah maksimum The Company always maintains the maximum
gearing ratio lebih kecil dari ketentuan yang amount of gearing ratio at lower level than the
ditetapkan melalui analisa alternatif pembiayaan baik applicable regulation by performing an analysis to
melalui pinjaman bank, penerbitan obligasi ataupun determine financing alternative whether through the
optimalisasi dana joint financing. Perseroan juga bank loans, bonds issuance or joint financing fund
menghitung biaya dana dari alternatif pembiayaan optimization. The Company also calculates the cost
yang dipilih untuk memastikan biaya dana tersebut of fund of each financing alternative selected by the
dapat menghasilkan pendapatan maksimum bagi Company to ensure it could generate a maximum
Perseroan. income for the Company.
28. NILAI WAJAR ASET DAN LIABILITAS 28. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN LIABILITIES
Pada tanggal 31 Desember 2024 dan 2023, nilai As of 31 December 2024 and 2023, the carrying
tercatat dari aset dan liabilitas keuangan Perseroan value of the Company’s financial assets and
memiliki nilai yang hampir sama dengan nilai liabilities approximates their fair value except for the
wajarnya kecuali untuk instrumen berikut: following financial instruments:
31 Desember/December 31, 2024
Liabilitas
keuangan
yang diukur
dengan biaya
perolehan
diamortisasi/
Biaya Financial
perolehan Liabilities at Nilai tercatat/
diamortiasi/ amortized carrying Nilai wajar/
Amortized cost cost value fair value
ASET KEUANGAN FINANCIAL ASSETS
Aset yang nilai wajarnya Assets for which
diungkapkan fair value are disclosed
Piutang pembiayaan konsumen 26.719.179 - 26.719.179 27.480.723 Consumer financing receivables
Piutang sewa pembiayaan 5.395.158 - 5.395.158 5.156.218 Finance lease receivables
Anjak piutang 19.438 - 19.438 19.438 Factoring receivables
Total aset keuangan 32.133.775 - 32.133.775 32.656.379 Total financial assets
LIABILITAS KEUANGAN FINANCIAL LIABILITIES
Liabilitas yang nilai wajarnya Liabilities for which
diungkapkan fair value are disclosed
Pinjaman yang diterima - 21.476.196 21.476.196 21.511.119 Borrowings
Surat berharga yang diterbitkan - 6.681.925 6.681.925 6.629.061 Securities issued
Total liabilitas keuangan - 28.158.121 28.158.121 28.140.180 Total financial liabilities
111
Page 446
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. NILAI WAJAR ASET DAN LIABILITAS 28. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
Pada tanggal 31 Desember 2024 dan 2023, nilai As of 31 December 2024 and 2023, the carrying
tercatat dari aset dan liabilitas keuangan Perseroan value of the Company’s financial assets and
memiliki nilai yang hampir sama dengan nilai liabilities approximates their fair value except for the
wajarnya kecuali untuk instrumen berikut: (lanjutan) following financial instruments: (continued)
31 Desember/December 31, 2023
Liabilitas
keuangan
yang diukur
dengan biaya
perolehan
diamortisasi/
Biaya Financial
perolehan Liabilities at Nilai tercatat/
diamortiasi/ amortized carrying Nilai wajar/
Amortized cost cost value fair value
ASET KEUANGAN FINANCIAL ASSETS
Aset yang nilai wajarnya Assets for which
diungkapkan fair value are disclosed
Piutang pembiayaan konsumen 22.361.823 - 22.361.823 22.753.229 Consumer financing receivables
Piutang sewa pembiayaan 5.347.572 - 5.347.572 5.026.849 Finance lease receivables
Anjak piutang 35.322 - 35.322 39.992 Factoring receivables
Total aset keuangan 27.744.717 - 27.744.717 27.820.070 Total financial assets
LIABILITAS KEUANGAN FINANCIAL LIABILITIES
Liabilitas yang nilai wajarnya Liabilities for which
diungkapkan fair value are disclosed
Pinjaman yang diterima - 18.096.715 18.096.715 17.851.258 Borrowings
Surat berharga yang diterbitkan - 5.687.515 5.687.515 5.699.069 Securities issued
Total liabilitas keuangan - 23.784.230 23.784.230 23.550.327 Total financial liabilities
Tabel di bawah ini menyajikan analisa atas instrumen The tables below present the analysis of the above
keuangan tersebut sesuai dengan masing-masing financial instruments by the level in the fair value
tingkat dalam hirarki nilai wajar: hierarchy:
31 Desember/December 2024
Nilai tercatat/ Tingkat 1/ Tingkat 2/ Tingkat 3/
Carrying value Level 1 Level 2 Level 3 Total
ASET KEUANGAN FINANCIAL ASSETS
Aset yang nilai wajarnya Assets for which
diungkapkan fair value are disclosed
Piutang pembiayaan konsumen 26.719.179 - 27.480.723 - 27.480.723 Consumer financing receivables
Piutang sewa pembiayaan 5.395.158 - 4.981.123 175.095 5.156.218 Finance lease receivables
Anjak piutang 19.438 - - 19.438 19.438 Factoring receivables
Total aset keuangan 32.133.775 - 32.461.846 194.533 32.656.379 Total financial assets
LIABILITAS KEUANGAN FINANCIAL LIABILITIES
Liabilitas yang nilai wajarnya Liabilities for which
diungkapkan fair value are disclosed
Pinjaman yang diterima 21.476.196 - 21.511.119 - 21.511.119 Borrowings
Surat berharga yang diterbitkan 6.681.925 - 6.629.061 - 6.629.061 Securities issued
Total liabilitas keuangan 28.158.121 - 28.140.180 - 28.140.180 Total financial liabilities
112
Page 447
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. NILAI WAJAR ASET DAN LIABILITAS 28. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
Tabel di bawah ini menyajikan analisa atas instrumen The tables below present the analysis of the above
keuangan tersebut sesuai dengan masing-masing financial instruments by the level in the fair value
tingkat dalam hirarki nilai wajar: (lanjutan) hierarchy: (continued)
31 Desember/December 2023
Nilai tercatat/ Tingkat 1/ Tingkat 2/ Tingkat 3/
Carrying value Level 1 Level 2 Level 3 Total
ASET KEUANGAN FINANCIAL ASSETS
Aset yang nilai wajarnya Assets for which
diungkapkan fair value are disclosed
Piutang pembiayaan konsumen 22.361.823 - 22.753.229 - 22.753.229 Consumer financing receivables
Piutang sewa pembiayaan 5.347.572 - 5.026.849 - 5.026.849 Finance lease receivables
Anjak piutang 35.322 - 39.992 - 39.992 Factoring receivables
Total aset keuangan 27.744.717 - 27.820.070 - 27.820.070 Total financial assets
LIABILITAS KEUANGAN FINANCIAL LIABILITIES
Liabilitas yang nilai wajarnya Liabilities for which
diungkapkan fair value are disclosed
Pinjaman yang diterima 18.096.715 - 17.851.258 - 17.851.258 Borrowings
Surat berharga yang diterbitkan 5.687.515 - 5.699.069 - 5.699.069 Securities issued
Total liabilitas keuangan 23.784.230 - 23.550.327 - 23.550.327 Total financial liabilities
Metode dan asumsi yang digunakan untuk estimasi The following methods and assumptions are used
nilai wajar adalah sebagai berikut: to estimate the fair values:
Nilai wajar kas dan setara kas, piutang lain-lain, aset The fair value of cash and cash equivalents, other
lain-lain, utang usaha, beban bunga yang masih receivables, other assets, trade payables, accrued
harus dibayar dan utang lain-lain termasuk utang lain- interest expenses and other payables including
lain terkait sewa mendekati nilai tercatat karena other payables related to lease approximate their
jangka waktu jatuh tempo yang singkat atas carrying amounts largely due to short-term
instrumen keuangan tersebut. maturities of these instruments.
Nilai wajar piutang pembiayaan konsumen, piutang The fair value of consumer financing receivables,
sewa pembiayaan, anjak piutang, piutang derivatif, finance lease receivables, factoring receivables,
utang derivatif, pinjaman dan surat berharga yang derivative receivables, derivative payables,
diterbitkan dinilai menggunakan diskonto arus kas borrowings, and securities issued are determined
berdasarkan tingkat suku bunga pasar pada tanggal by discounting cash flows using market interest rate
31 Desember 2024 dan 2023. as of 31 December 2024 and 2023.
Perseroan tidak memiliki perpindahan di antara The Company has no transfer between hierarchy
tingkat hirarki pada tahun 2024 dan 2023. level in 2024 and 2023.
29. PERJANJIAN KERJASAMA 29. COOPERATION AGREEMENTS
Pembiayaan Bersama Joint financing
Perseroan mempunyai perjanjian kerjasama The Company entered into a joint financing
pembiayaan Bersama dan Perjanjian Kerjasama agreement and signed a Customer Asset Purchase
Pengambilalihan Piutang Pembiayaan dengan Agreement with PT Bank Mandiri (Persero) Tbk.
PT Bank Mandiri (Persero) Tbk. Berdasarkan Based on the agreements, the amount of funds to
perjanjian, porsi fasilitas pembiayaan yang akan be financed by each party is a minimum of 1.00%
diberikan untuk konsumen dari masing-masing pihak from the Company and a maximum of 99.00% from
adalah minimal 1,00% dari Perseroan dan maksimal joint financing providers.
99,00% dari pemberi pembiayaan bersama.
113
Page 448
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. PERJANJIAN KERJASAMA (lanjutan) 29. COOPERATION AGREEMENTS (continued)
Pembiayaan Bersama (lanjutan) Joint financing (continued)
Perjanjian ini telah mengalami beberapa kali The agreement was amended several times.
perubahan. Perubahan terakhir melalui amandemen The latest of which is the amendment of the Joint
Perjanjian Kerjasama Kendaraan Bermotor dan Financing agreement and a Customer Asset
Perjanjian Kerjasama Pengambilalihan Piutang Purchase Agreement between PT Mandiri Tunas
Pembiayaan antara PT Mandiri Tunas Finance dan Finance and PT Bank Mandiri (Persero) Tbk dated
PT Bank Mandiri (Persero) Tbk tertanggal 27 Mei 27 May 2024, with the total joint financing facility to
2024, dengan fasilitas pembiayaan bersama menjadi Rp27,000,000 with the portion of joint financing
sebesar Rp27.000.000 dengan porsi fasilitas facility minimum of 1.00% from the Company and
pembiayaan bersama sebesar minimal 1,00% dari a maximum of 99.00% from joint financing
Perseroan dan maksimal 99,00% dari pemberi providers, where the Company bears the risk credit
pembiayaan bersama, dimana Perseroan and receive income in accordance with the
menanggung risiko kredit dan menerima pendapatan financing portion. The agreement is valid up to
sesuai dengan porsi pembiayaannya. Perjanjian ini 28 February 2025.
berlaku sampai dengan tanggal 28 Februari 2025.
Pada tanggal 21 Februari 2022, Perseroan dan On 21 February 2022, the Company and PT Bank
PT Bank Mandiri (Persero) Tbk menandatangani Mandiri (Persero) Tbk signed a Joint Financing
Perjanjian Kerjasama Pembiayaan Bersama dalam Cooperation Agreement in the form of Passenger
bentuk pembiayaan Passenger Vehicle, Commercial Vehicle, Commercial Vehicle and Heavy Equipment
Vehicle, dan Heavy Equipment kepada debitur financing to Bank Mandiri commercial debtors,
komersial Bank Mandiri yang mana Perjanjian ini where this Agreement has been amended with the
telah dirubah dengan perubahan terakhir termuat latest amendment contained in Addendum III (Third)
dalam Addendum III (Ketiga) Perjanjian Pembiayaan to the Joint Financing Agreement (Joint Financing)
Bersama (Joint Financing) Reguler antara PT Bank Regular between PT Bank Mandiri (Persero) Tbk
Mandiri (Persero) Tbk dengan Perseroan, dengan and the Company, with a joint financing facility of
fasilitas pembiayaan bersama sebesar Rp6.000.000 IDR 6,000,000 with a minimum share of the joint
dengan porsi fasilitas pembiayaan bersama sebesar financing facility of 1.00% from the Company and a
minimal 1,00% dari Perseroan dan maksimal 99,00% maximum of 99.00% from the joint financing
dari pemberi pembiayaan bersama, dimana provider, where the Company bears the risk credit
Perseroan menanggung risiko kredit dan menerima and receive income in accordance with the
pendapatan sesuai dengan porsi pembiayaannya. financing portion. This agreement has been
Perjanjian ini telah diperpanjang sampai dengan extended until 20 February 2025.
tanggal 20 Februari 2025.
Saldo pembiayaan bersama porsi PT Bank Mandiri Balance of joint financing portion of PT Bank Mandiri
(Persero) Tbk yang dikelola oleh Perseroan pada (Persero) Tbk managed by the Company as of 31
tanggal 31 Desember 2024 dan 2023 adalah sebagai December 2024 and 2023 are as follows:
berikut:
31 Desember/ 31 Desember/
December 2024 December 2023
Piutang pembiayaan konsumen 27.894.106 24.870.958 Consumer financing receivables
Piutang sewa pembiayaan 22.400 28.009 Finance lease receivables
Rata - rata jangka pembiayaan (tahun) 1-5 1-5 Average of financing period (years)
114
Page 449
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. PERJANJIAN KERJASAMA (lanjutan) 29. COOPERATION AGREEMENTS (continued)
Asuransi Insurance
Dalam menjalankan usahanya, Perseroan bekerja In the course of business, the Company entered
sama dengan, PT Asuransi Bina Dana Arta Tbk, into insurance agreements with PT Asuransi Bina
PT Asuransi Central Asia, PT Zurich Asuransi Dana Arta Tbk, PT Asuransi Central Asia,
Indonesia Tbk, PT Asuransi Artarindo, PT Asuransi PT Zurich Asuransi Indonesia Tbk, PT Asuransi
Wahana Tata, PT Asuransi Sahabat Artha Proteksi, Artarindo, PT Asuransi Wahana Tata, PT Asuransi
PT Asuransi Cakrawala Proteksi Indonesia, Sahabat Artha Proteksi, PT Asuransi Cakrawala
PT Asuransi Candi Utama, PT Asuransi Maximus Proteksi Indonesia, PT Asuransi Candi Utama,
Graha Persada Tbk, PT Multi Artha Guna Tbk (MAG), PT Asuransi Maximus Graha Persada Tbk,
PT AXA Insurance Indonesia, PT Asuransi Umum PT Multi Artha Guna Tbk (MAG), PT AXA Insurance
Mega, PT Asuransi Mega Pratama, PT MNC Asuransi Indonesia, PT Asuransi Umum Mega, PT Asuransi
Indonesia, PT Asuransi Mitra Pelindung Mustika Mega Pratama, PT MNC Asuransi Indonesia,
(MPM), PT Pan Pacific Insurance, PT Asuransi Raksa PT Asuransi Mitra Pelindung Mustika (MPM),
Pratikara, PT Asuransi Ramayana, PT Asuransi PT Pan Pacific Insurance, PT Asuransi Raksa
Sinar Mas, PT Asuransi Total Bersama (TOB), Pratikara, PT Asuransi Ramayana, PT Asuransi
PT Asuransi Tugu Pratama Indonesia Tbk, PT AXA Sinar Mas, PT Asuransi Total Bersama (TOB),
Mandiri Financial Services, PT Asuransi Ciputra PT Asuransi Tugu Pratama Indonesia Tbk, PT AXA
Indonesia, PT Asuransi Astra Buana, PT Sunday Mandiri Financial Services, PT Asuransi Ciputra
Insurance Indonesia, PT Heksa Solution Insurance, Indonesia, PT Asuransi Astra Buana, PT Sunday
PT Jamkrida Jakarta, PT Avrist General Insurance, Insurance Indonesia, PT Heksa Solution Insurance,
PT Asuransi Jasaraharja Putera, PT Asuransi Harta PT Jamkrida Jakarta, PT Avrist General Insurance,
Aman Pratama Tbk, PT Sunday Insurance Indonesia. PT Asuransi Jasaraharja Putera, PT Asuransi
Harta Aman Pratama Tbk, PT Sunday Insurance
Indonesia.
Sewa Gedung Building rental
Pada tanggal 31 Agustus 2009, Perseroan On 31 August 2009, the Company signed an office
menandatangani perjanjian sewa ruangan kantor space rental agreement with PT Bumi Daya Plaza
dengan PT Bumi Daya Plaza yang tidak dapat which is non-cancellable for the period of five years
dibatalkan untuk periode lima tahun. Perjanjian and will expire in 2014. The Company is required to
tersebut akan berakhir pada tahun 2014 dengan pay in advance of Rp507 for each quarter. The tariff
ketentuan pembayaran di muka sebesar Rp507 untuk will be reviewed on annual basis with a maximum
setiap jangka waktu 3 bulan dan akan ditinjau kembali tariff increase of 5.00% per annum.
setiap satu tahun sekali dengan kenaikan tarif
maksimal sebesar 5,00% per tahun.
Perjanjian ini telah mengalami beberapa kali The agreement was amended several times. On
perubahan. Pada tanggal 15 Februari 2022, 15 February 2022, the Company is renewing this
Perseroan memperpanjang perjanjian sewa ruangan office space rental agreement for the period of 5
kantor ini dengan masa sewa 5 tahun dari 1 Januari years from 1 January 2022 until 31 December 2026
2022 sampai dengan 31 Desember 2026 dengan in which the Company is required to pay in advance
ketentuan pembayaran di muka sebesar Rp12.899 an amount of Rp12,899 for each year.
per tahun.
Pada tanggal 27 Januari dan 22 Juni 2023, terdapat On 27 January and 22 June 2023, there was an
addendum perjanjian penambahan obyek sewa addendum agreement to addition rental office
kantor ini dengan PT Bumi Daya Plaza yang tidak space with PT Bumi Daya Plaza which is non-
dapat dibatalkan. Perjanjian tersebut akan berakhir cancellable until 31 December 2026 and 31 August
pada 31 Desember 2026 dan 31 Agustus 2026 2026 in which the Company is required to pay the
dengan ketentuan tambahan pembayaran di muka addition in advance an amount of Rp240 and
sebesar masing-masing Rp240 dan Rp2.366 per Rp2,366 for each year, respectively.
tahun.
115
Page 450
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. PERJANJIAN KERJASAMA (lanjutan) 29. COOPERATION AGREEMENTS (continued)
Sewa Gedung (lanjutan) Building rental (continued)
Pada tanggal 28 November 2023, terdapat addendum On 28 November 2023, there was an addendum
perjanjian penambahan obyek sewa kantor ini agreement to addition rental office space with
dengan PT Bumi Daya Plaza yang tidak dapat PT Bumi Daya Plaza which is non-cancellable until
dibatalkan. Perjanjian tersebut akan berakhir pada 31 December 2026 in which the Company is
31 Desember 2026 dengan ketentuan tambahan required to pay the addition in advance an amount
pembayaran di muka sebesar Rp2.131 per tahun. of Rp2,131 for each year.
Program MTF Mantap Combo MTF Mantap Combo Program
Pada tanggal 17 Maret 2020, Perseroan melakukan On 17 March 2020, the Company signed a
penandatanganan perjanjian kerjasama untuk cooperation agreement for the vehicle financing
program pembiayaan kendaraan bagi calon debitur program for prospective borrowers with the work of
dengan pekerjaan aparatur sipil negara (ASN) yang the state civil service (ASN) who will retire
akan memasuki masa pensiun (maksimal 5 tahun (maximum 5 years before retirement age) with a
menjelang usia pensiun) dengan tenor maksimum 10 maximum tenor of 10 (ten) years. The Company
(sepuluh) tahun. Perseroan bertindak sebagai acts as a decision maker for financing applications
pemutus permohonan pembiayaan dan akan and will manage the financing for ASN debtors in
mengelola pembiayaan selama debitur ASN dalam the active period as employees. Then, when
masa aktif sebagai pegawai. Selanjutnya, ketika entering retirement age the financing will be
memasuki usia pensiun pembiayaan akan dialihkan transferred to be managed by PT Bank Mandiri
untuk dikelola oleh PT Bank Mandiri Taspen. Taspen. This agreement is valid until 17 March
Perjanjian ini berlaku sampai tanggal 17 Maret 2025. 2025.
Pada tanggal 31 Desember 2024 dan 2023, saldo On 31 December 2024 and 2023, total consumer
piutang pembiayaan konsumen dari program ini financing receivables through this program
masing-masing adalah sejumlah Rpnihil. amounted to Rpnil, respectively.
30. SEGMEN OPERASI 30. OPERATING SEGMENT
Segmen operasi Perseroan dibagi berdasarkan The Company’s operating segments represent the
kelompok nasabah utama dan produk yang disebut, Company’s key customer and product groups
Fleet dan ritel. Dalam menentukan hasil segmen, namely, Fleet and Retail. In determining the
beberapa akun aset dan liabilitas serta pendapatan segment results, certain assets and liabilities and
dan biaya yang terkait diatribusikan ke masing- related revenues and expenses are attributed to
masing segmen berdasarkan kebijakan pelaporan each segment based on internal management
internal manajemen. reporting policies.
Ringkasan berikut menjelaskan operasi masing- The following summary describes the operations in
masing segmen dalam pelaporan segmen each of the Company’s reportable segments:
Perseroan:
- Fleet - Fleet
Termasuk dalam pelaporan segmen fleet adalah Included in the fleet segment reporting are
seluruh indikator penilaian segmen operasi yang operating segments assessment indicators
secara nyata dapat diatribusikan sebagai bagian that can actually be attributed as part of
dari pembiayaan untuk nasabah korporasi. financing to corporate customers.
- Ritel - Retail
Termasuk dalam pelaporan segmen ritel adalah Included in the retail segment reporting are
seluruh indikator penilaian segmen operasi yang operating segments assessment indicators that
secara nyata dapat diatribusikan sebagai bagian can actually be attributed as part of consumer
dari pembiayaan konsumen untuk nasabah financing to individual customers at Region I
individu di Regional I dan II (Sumatera), Regional and II (Sumatera), Region III and IV
III dan IV (Jabodetabek), Regional V (Jawa (Jabodetabek), Region V (Jawa Barat), Region
Barat), Regional VI (Jawa Tengah, Yogyakarta), VI (Jawa Tengah, Yogyakarta), Region VII
Regional VII (Jawa Timur, Bali, Kupang, (Jawa Timur, Bali, Kupang, Mataram), Region
Mataram), Regional VIII (Kalimantan) dan VIII (Kalimantan), and Region IX (Sulawesi,
Regional IX (Sulawesi, Ambon, Papua, Sorong). Ambon Papua, Sorong).
116
Page 451
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. SEGMEN OPERASI (lanjutan) 30. OPERATING SEGMENT (continued)
Ringkasan berikut menjelaskan operasi masing- The following summary describes the operations in
masing segmen dalam pelaporan segmen each of the Company’s reportable segments:
Perseroan: (lanjutan) (continued)
- Lain-lain - Others
Termasuk dalam pelaporan segmen lain-lain Included in the other segment reporting is
adalah informasi pelaporan segmen operasi reporting segment information associated with
terkait dengan aktivitas kantor pusat. head office activities.
Informasi mengenai hasil dari masing-masing bisnis Information regarding the results of each reportable
segmen disajikan di bawah ini. Kinerja diukur segment is included below. Performance is
berdasarkan laba segmen sebelum pajak measured based on segment profit before income
penghasilan, sebagaimana dilaporkan dalam laporan tax, as included in the internal management reports
internal manajemen yang ditelaah oleh manajemen that are reviewed by the Company’s management.
Perseroan. Keuntungan segmen digunakan untuk Segment profit is used to measure performance of
mengukur kinerja dimana manajemen berkeyakinan that business segment as management believes
bahwa informasi tersebut paling relevan dalam that such information is the most relevant in
mengevaluasi hasil segmen tersebut relatif terhadap evaluating the results of those segments relative to
entitas lain yang beroperasi dalam industri tersebut. other entities that operate within these industries.
31 Desember/December 2024
Ritel/Retail Fleet/Fleet
Mobil/ Motor/ Mobil/ Motor/ Lain-lain/ Jumlah/ Information by
Informasi segmen usaha Car Motorcycle Car Motorcycle Others Total business segments
Pendapatan Revenue
Pembiayaan konsumen 3.254.869 - 198.621 - - 3.453.490 Consumer financing
Sewa pembiayaan 344.551 - 334.153 - - 678.704 Financial lease
Anjak piutang - - 438 - - 438 Factoring
Simpanan bank 14.757 - 2.716 - - 17.473 Deposit in bank
Lain-lain - neto 1.362.521 179 66.510 - - 1.429.210 Others - net
Total pendapatan 4.976.698 179 602.438 - - 5.579.315 Total revenue
Beban Expenses
Beban keuangan (1.614.655) - (299.291) - - (1.913.946) Financial charges
Beban gaji dan tunjangan (727.512) (17) (47.702) - - (775.231) Salaries and benefits
Beban umum dan
administrasi (390.024) (40) (23.114) - - (413.178) General and administration
Penyisihan kerugian Provision for
penurunan nilai (866.741) (5) (106.047) - - (972.793) impairment losses
Total beban (3.598.932) (62) (476.154) - - (4.075.148) Total expenses
Laba sebelum beban Income before
pajak final dan pajak final tax and income
penghasilan 1.377.766 117 126.284 - - 1.504.167 tax expense
Total aset 27.573.367 80 4.776.683 171 2.075.154 34.425.455 Total assets
Total liabilitas 1.107.576 1.217 356.510 37 28.095.693 29.561.033 Total liabilities
31 Desember/December 2023
Ritel/Retail Fleet/Fleet
Mobil/ Motor/ Mobil/ Motor/ Lain-lain/ Jumlah/ Information by
Informasi segmen usaha Car Motorcycle Car Motorcycle Others Total business segments
Pendapatan Revenue
Pembiayaan konsumen 2.715.052 106 285.142 50 - 3.000.350 Consumer financing
Sewa pembiayaan 206.950 - 445.801 - - 652.751 Financial lease
Anjak piutang - - 909 - - 909 Factoring
Simpanan bank 13.211 - 3.923 - - 17.134 Deposit in bank
Lain-lain - neto 1.040.410 378 70.019 17 - 1.110.824 Others - net
Total pendapatan 3.975.623 484 805.794 67 - 4.781.968 Total revenue
Beban Expenses
Beban keuangan (1.167.286 ) (2 ) (342.866 ) (11 ) - (1.510.165) Financial charges
Beban gaji dan tunjangan (747.809 ) (1.017 ) (53.368 ) - - (802.194) Salaries and benefits
Beban umum dan
administrasi (328.573 ) 273 (21.536 ) - - (349.836) General and administration
Penyisihan kerugian Provision for
penurunan nilai (603.315 ) 3 (25.226 ) (9 ) - (628.547) impairment losses
Total beban (2.846.983 ) (743 ) (442.996 ) (20 ) - (3.290.742) Total expenses
Laba (rugi) sebelum beban Income (loss) before
pajak final dan pajak final tax and income
penghasilan 1.128.640 (259 ) 362.798 47 - 1.491.226 tax expense
Total aset 22.827.261 95 5.142.242 171 1.757.623 29.727.392 Total assets
Total liabilitas 1.358.244 1.866 299.780 247 24.037.595 25.697.732 Total liabilities
117
Page 452
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. SEGMEN OPERASI (lanjutan) 30. OPERATING SEGMENT (continued)
Informasi wilayah geografis adalah sebagai berikut: Geographical information is as follows:
Tahun yang Berakhir
pada tanggal 31 Desember/
Year ended 31 December
2024 2023
Pendapatan Revenue
Regional I (Sumatera) 427.008 316.751 Region I (Sumatera)
Regional II (Sumatera) 402.925 416.083 Region II (Sumatera)
Regional III (Jabodetabek) 612.308 457.083 Region III (Jabodetabek)
Regional IV (Jabodetabek) 589.058 469.685 Region IV (Jabodetabek)
Regional V (Jawa Barat) 377.534 314.531 Region V (Jawa Barat)
Regional VI Region VI
(Jawa Tengah, Yogyakarta) 351.305 323.087 (Jawa Tengah, Yogyakarta)
Regional VII (Jawa Timur, Region VII (Jawa Timur,
Bali, Kupang, Mataram) 622.120 490.066 Bali, Kupang,Mataram)
Regional VIII (Kalimantan) 924.928 688.065 Region VIII (Kalimantan)
Regional IX (Sulawesi, Region IX (Sulawesi,
Ambon, Papua, Sorong) 669.691 500.756 Ambon, Papua, Sorong)
Fleet 602.438 805.861 Fleet
Total pendapatan 5.579.315 4.781.968 Total revenue
Beban Expenses
Regional I (Sumatera) (302.507) (219.505) Region I (Sumatera)
Regional II (Sumatera) (353.683) (350.730) Region II (Sumatera)
Regional III (Jabodetabek) (459.425) (361.589) Region III (Jabodetabek)
Regional IV (Jabodetabek) (459.268) (354.187) Region IV (Jabodetabek)
Regional V (Jawa Barat) (284.752) (250.972) Region V (Jawa Barat)
Regional VI Region VI
(Jawa Tengah, Yogyakarta) (268.241) (237.891) (Jawa Tengah, Yogyakarta)
Regional VII (Jawa Timur, Region VII (Jawa Timur,
Bali, Kupang, Mataram) (430.027) (339.214) Bali, Kupang, Mataram)
Regional VIII (Kalimantan) (572.000) (401.632) Region VIII (Kalimantan)
Regional IX (Sulawesi, Region IX (Sulawesi,
Ambon, Papua, Sorong) (469.091) (332.006) Ambon, Papua, Sorong)
Fleet (476.154) (443.016) Fleet
Total beban (4.075.148) (3.290.742) Total expenses
Laba sebelum beban pajak Income before final tax and
final dan pajak penghasilan 1.504.167 1.491.226 income tax expense
118
Page 453
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. SEGMEN OPERASI (lanjutan) 30. OPERATING SEGMENT (continued)
Informasi wilayah geografis adalah sebagai berikut: Geographical information is as follows: (continued)
(lanjutan)
31 Desember/ 31 Desember/
December 2024 December 2023
Aset Assets
Regional I (Sumatera) 2.215.841 1.745.446 Region I (Sumatera)
Regional II (Sumatera) 1.975.441 1.907.732 Region II (Sumatera)
Regional III (Jabodetabek) 3.932.290 3.118.550 Region III (Jabodetabek)
Regional IV (Jabodetabek) 4.000.388 3.345.820 Region IV (Jabodetabek)
Regional V (Jawa Barat) 2.049.049 1.706.071 Region V (Jawa Barat)
Regional VI Region VI
(Jawa Tengah, Yogyakarta) 2.054.319 1.743.026 (Jawa Tengah, Yogyakarta)
Regional VII (Jawa Timur, Region VII (Jawa Timur,
Bali, Kupang, Mataram) 3.578.879 2.841.407 Bali, Kupang,Mataram)
Regional VIII (Kalimantan) 4.465.745 3.650.156 Region VIII (Kalimantan)
Regional IX (Sulawesi, Region IX (Sulawesi,
Ambon, Papua, Sorong) 3.301.495 2.769.148 Ambon, Papua, Sorong)
Fleet 4.776.854 5.142.413 Fleet
Lain-lain 2.075.154 1.757.623 Others
Total aset 34.425.455 29.727.392 Total assets
31 Desember/ 31 Desember/
December 2024 December 2023
Liabilitas Liabilities
Regional I (Sumatera) 110.927 142.209 Region I (Sumatera)
Regional II (Sumatera) 117.457 140.667 Region II (Sumatera)
Regional III (Jabodetabek) 129.492 155.489 Region III (Jabodetabek)
Regional IV (Jabodetabek) 147.267 148.257 Region IV (Jabodetabek)
Regional V (Jawa Barat) 86.294 105.293 Region V (Jawa Barat)
Regional VI Region VI
(Jawa Tengah, Yogyakarta) 81.283 132.786 (Jawa Tengah, Yogyakarta)
Regional VII (Jawa Timur, Region VII (Jawa Timur,
Bali, Kupang,Mataram) 120.645 161.395 Bali, Kupang,Mataram)
Regional VIII (Kalimantan) 200.127 242.343 Region VIII (Kalimantan)
Regional IX (Sulawesi, Region IX (Sulawesi,
Ambon, Papua, Sorong) 115.301 131.671 Ambon, Papua, Sorong)
Fleet 356.547 300.027 Fleet
Lain-lain 28.095.693 24.037.595 Others
Total liabilitas 29.561.033 25.697.732 Total liabilities
31. LIABILITAS KONTINJENSI 31. CONTINGENT LIABILITIES
Pada tanggal 31 Desember 2024 dan 2023 The Company does not have any significant
Perseroan tidak mempunyai liabilitas kontinjensi yang contingent liabilities as of 31 December 2024 and
signifikan. 2023.
119
Page 454
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. TAMBAHAN INFORMASI ARUS KAS 32. SUPPLEMENTARY CASH FLOW INFORMATION
Rekonsiliasi liabilitas yang timbul dari aktivitas The reconciliation of liabilities that arise from
pendanaan adalah sebagai berikut: financing activities are as follows:
Perubahan non kas/
Non-cash activities
Pergerakan
valuta asing/
1 Januari/ Arus Kas/ Movement of Lainnya/ 31 Desember/
January 2024 Cash Flows foreign currency Others December 2024
Pinjaman yang diterima 18.133.652 3.324.818 54.656 - 21.513.126 Borrowings
Surat berharga yang diterbitkan 5.695.750 999.045 - - 6.694.795 Securities issued
Liabilitas sewa 40.193 (17.662) - 8.300 30.831 Lease liabilities
Total liabilitas dari Total liabilities from financing
aktivitas pendanaan 23.869.595 4.306.201 54.656 8.300 28.238.752 activities
Perubahan non kas/
Non-cash activities
Pergerakan
valuta asing/
1 Januari/ Arus Kas/ Movement of Lainnya/ 31 Desember/
January 2023 Cash Flows foreign currency Others December 2023
Pinjaman yang diterima 14.693.451 3.447.326 (7.125) - 18.133.652 Borrowings
Surat berharga yang diterbitkan 4.344.905 1.350.845 - - 5.695.750 Securities issued
Liabilitas sewa 40.043 (15.668) - 15.818 40.193 Lease liabilities
Total liabilitas dari Total liabilities from financing
aktivitas pendanaan 19.078.399 4.782.503 (7.125) 15.818 23.869.595 activities
33. STANDAR AKUNTANSI YANG TELAH DISAHKAN 33. ACCOUNTING STANDARDS ISSUED BUT NOT
NAMUN BELUM BERLAKU EFEKTIF YET EFFECTIVE
Berikut ini adalah beberapa Standar Akuntansi The following are several Financial Accounting
Keuangan, Interpretasi Standar Akuntansi Keuangan Standards, Interpretations of Financial Accounting
dan amandemen yang telah disahkan oleh Dewan Standards and amendment issued by the
Standar Akuntansi Keuangan (DSAK) yang Indonesian Financial Accounting Standards Board
dipandang relevan terhadap pelaporan keuangan (DSAK) that are considered relevant to the financial
Perseroan namun belum berlaku efektif untuk laporan reporting of the Company but are not yet effective
keuangan tahun 2024: for 2024 financial statements:
Amandemen PSAK 221: Pengaruh Perubahan Amendment of PSAK 221: Effect of Changes
Kurs Valuta Asing tentang Kekurangan in Foreign Exchange Rates on the Lack of
Ketertukaran Covertibility
Amandemen ini memberikan penegasan atas This amendment provides affirmation of the
pengaturan terkait kondisi ketika suatu mata regulations related to conditions when a
uang tidak tertukarkan serta pengungkapannya. currency is not exchanged and its disclosure.
Amandemen berlaku secara restropektif untuk This amendment applies retrospectively to
periode pelaporan tahunan yang dimulai pada annual reporting periods beginning on or after
atau setelah 1 Januari 2025. Penerapan dini 1 January 2025. Earlier application is
diperkenankan. permitted.
Manajemen masih melakukan persiapan dalam The management intends to adopt these new
penerapan standar baru tersebut yang standards that are considered relevant to the
dipertimbangkan relevan terhadap Perseroan pada Company when they become effective, and the
saat efektif, dan pengaruhnya terhadap posisi dan impact to the financial position and performance of
kinerja keuangan Perseroan masih diestimasi sampai the Company is still being estimated until the report
tanggal laporan keuangan. date.
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements
bagian yang tidak terpisahkan dari laporan keuangan form an integral part of these financial statements
secara keseluruhan. taken as a whole.
120
Page 455
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
34. REKLASIFIKASI AKUN 34. RECLASSIFICATION OF ACCOUNTS
Akun tertentu dalam laporan keuangan pada tanggal Certain accounts in the financial statements as of
31 Desember 2023 telah direklasifikasi agar sesuai 31 December 2023 had been reclassified to conform
dengan penyajian akun-akun pada laporan with the presentation of accounts in the financial
keuangan pada tanggal 31 Desember 2024 sebagai statements as of 31 December 2024 as follows:
berikut:
Dilaporkan Dilaporkan
sebelumnya/ saat ini/
As previously Reklasifikasi/ As currently
reported Reclassifications reported
31 Desember 2023 31 December 2023
Laporan Laba Rugi dan Statement of Profit or Loss and
Penghasilan Komprehensif Lain Other Comprehensive Income
Pendapatan Revenue
Lain-lain - neto 1.081.756 29.068 1.110.824 Others - net
Beban Expenses
Penyisihan kerugian Provision for
penurunan nilai impairment losses
Pembiayaan konsumen (697.613) (28.467) (726.080) Consumer finance
Sewa pembiayaan (7.050) (601) (7.651) Finance lease
35. PENGUNGKAPAN INFORMASI TAMBAHAN 35. ADDITIONAL DISCLOSURE ON NOTES TO THE
DALAM CATATAN ATAS LAPORAN KEUANGAN FINANCIAL STATEMENTS
Informasi tambahan berikut merupakan The following additional information is an additional
pengungkapan informasi tambahan dalam catatan disclosure on notes to the financial statement that
atas laporan keungan yang tidak dipersyaratkan are not required by Financial Accounting Standards
oleh Standar Akuntansi Keuangan di Indonesia. in Indonesia. The disclosure of this additional
Pengungkapan informasi tambahan ini untuk information is to comply with Financial Services
memenuhi regulasi dari Otoritas Jasa Keuangan Authority regulation and is not audited.
dan tidak diaudit.
Piutang Pembiayaan Konsumen Consumer Financing Receivables
Saldo piutang pembiayaan konsumen per Investment in consumer financing receivables
31 Desember 2024 dan 2023 berdasarkan ruang balance as of 31 December 2024 and 2023 based
lingkup kegiatan Perusahaan adalah sebagai on the scope of activities of the Company are as
berikut: follows:
31 Desember/December
2024 2023
Pembiayaan investasi 12.645.256 10.198.897 Investment financing
Pembiayaan modal kerja 207.676 323.463 Working capital financing
Pembiayaan multiguna 14.343.010 12.187.356 Multipurpose financing
Piutang pembiayaan konsumen 27.195.942 22.709.716 Consumer finance receivables
121
Page 456
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. PENGUNGKAPAN INFORMASI TAMBAHAN 35. ADDITIONAL DISCLOSURE ON NOTES TO THE
DALAM CATATAN ATAS LAPORAN KEUANGAN FINANCIAL STATEMENTS (continued)
(lanjutan)
Piutang Pembiayaan Konsumen (lanjutan) Consumer Financing Receivables (continued)
Saldo piutang pembiayaan konsumen per Investment in consumer financing receivables
31 Desember 2024 dan 2023 berdasarkan balance as of 31 December 2024 and 2023 based
kolektabilitas sesuai peraturan OJK: on collectability in accordance with OJK
regulations:
31 Desember/ 31 Desember/
December 2024 December 2023
Lancar 25.762.387 21.702.715 Current
Dalam perhatian khusus 1.155.232 829.546 Special mention
Kurang lancar 86.721 88.098 Substandard
Diragukan 75.230 87.018 Doubtful
Macet 116.372 2.340 Loss
27.195.942 22.709.717
Jumlah minimum cadangan penyisihan penghapusan The minimum allowance for consumer financing
piutang pembiayaan untuk piutang pembiayaan receivables based on OJK Regulation
konsumen sesuai dengan Peraturan OJK No. No. 35/POJK.05/2018 dated 27 December 2018
35/POJK.05/2018 tanggal 27 Desember 2018 amounted to Rp482,380 and Rp317,568 as of
masing-masing adalah sebesar Rp482.380 dan 31 December 2024 and 2023, respectively.
Rp317.568 pada tanggal 31 Desember 2024 dan
2023.
Piutang Sewa Pembiayaan Finance Lease Receivables
Saldo piutang sewa pembiayaan per 31 Desember Investment in finance lease receivables balance as
2024 dan 2023 berdasarkan ruang lingkup kegiatan of 31 December 2024 and 2023 based on the
Perusahaan adalah sebagai berikut: scope of activities of the Company are as follows:
31 Desember/December
2024 2023
Pembiayaan investasi 4.661.003 5.271.258 Investment financing
Pembiayaan modal kerja 818.790 145.607 Working capital financing
Pembiayaan multiguna 15.794 - Multipurpose financing
Piutang sewa pembiayaan 5.495.587 5.416.865 Finance lease receivables
Saldo piutang sewa pembiayaan per 31 Desember Investment in finance lease receivables balance as
2024 dan 2023 berdasarkan kolektabilitas sesuai of 31 December 2024 and 2023 based on
peraturan OJK: collectability in accordance with OJK regulations:
31 Desember/ 31 Desember/
December 2024 December 2023
Lancar 5.077.246 5.190.040 Current
Dalam perhatian khusus 387.432 207.746 Special mention
Kurang lancar 9.340 5.957 Substandard
Diragukan 12.563 13.122 Doubtfu
Macet 9.006 - Loss
5.495.587 5.416.865
122
Page 457
The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. PENGUNGKAPAN INFORMASI TAMBAHAN 35. ADDITIONAL DISCLOSURE ON NOTES TO THE
DALAM CATATAN ATAS LAPORAN KEUANGAN FINANCIAL STATEMENTS (continued)
(lanjutan)
Piutang Sewa Pembiayaan (lanjutan) Finance Lease Receivables (continued)
Jumlah minimum cadangan penyisihan penghapusan The minimum allowance for finance lease
piutang pembiayaan untuk piutang sewa pembiayaan receivables based on OJK Regulation
sesuai dengan Peraturan OJK No. 35/POJK.05/2018 No. 35/POJK.05/2018 dated 27 December 2018
tanggal 27 Desember 2018 adalah masing-masing amounted Rp86,832 and Rp69,742 as of
sebesar Rp86.832 dan Rp69.742 pada tanggal 31 December 2024 and 2023, respectively.
31 Desember 2024 dan 2023.
Anjak Piutang Factoring Receivables
Saldo anjak piutang per 31 Desember 2024 dan Investment in factoring receivables balance as of
2023 berdasarkan ruang lingkup kegiatan 31 December 2024 and 2023 based on the scope
Perusahaan adalah sebagai berikut: of activities of the Company are as follows:
31 Desember/December
2024 2023
Pembiayaan modal kerja 34.748 35.758 Working capital financing
Anjak piutang 34.748 35.758 Factoring receivables
Saldo anjak piutang per 31 Desember 2024 dan 2023 Investment in factoring receivables balance as of
berdasarkan kolektabilitas sesuai peraturan OJK: 31 December 2024 and 2023 based on collectability
in accordance with OJK regulations:
31 Desember/ 31 Desember/
December 2024 December 2023
Lancar - 35.758 Current
Dalam perhatian khusus - - Special mention
Kurang lancar 34.748 - Substandard
Diragukan - - Doubtful
34.748 35.758
Jumlah minimum cadangan penyisihan penghapusan The minimum allowance for factoring receivables
piutang pembiayaan untuk anjak piutang sesuai based on OJK Regulation No. 35/POJK.05/2018
dengan Peraturan OJK No. 35/POJK.05/2018 dated 27 December 2018 amounted Rp5,212 and
tanggal 27 Desember 2018 adalah masing-masing Rp358 as of 31 December 2024 and 2023,
sebesar Rp5.212 dan Rp358 pada tanggal respectively.
31 Desember 2024 dan 2023.
123
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The original financial statements included herein are in the
Indonesian language.
PT MANDIRI TUNAS FINANCE PT MANDIRI TUNAS FINANCE
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan Untuk Tahun As of 31 December 2024
yang Berakhir Pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. PENGUNGKAPAN INFORMASI TAMBAHAN 35. ADDITIONAL DISCLOSURE ON NOTES TO THE
DALAM CATATAN ATAS LAPORAN KEUANGAN FINANCIAL STATEMENTS (continued)
(lanjutan)
Informasi lainnya Other information
Berdasarkan Peraturan Otoritas Jasa Keuangan Based on POJK No. 35/POJK.05/2018 dated
No.35/POJK.05/2018 tanggal 27 Desember 2018 27 December 2018 regarding “The Business
tentang ”Penyelenggaraan Usaha Perusahaan Operation of a Multifinance Company”. The
Pembiayaan”. Perseroan telah memenuhi jumlah Company has complied the minimum amount of
minimal ekuitas dan Batas Maksimum Pemberian equity and Limits for Giving Financing. The
Pembiayaan. Perseroan telah menghitung beberapa Company has calculated ratio as follows
rasio antara lain:
31 Desember/ 31 Desember/
Persyaratan/ 31 December 31 December
Requirements 2024 2023
Gearing ratio max. 10x 5,79x 5,90x Gearing ratio
Rasio permodalan min. 10% 20,21% 16,21% Capital ratio
Rasio ekuitas Equity to fully paid
terhadap modal disetor min.50% 1.945,77% 1.611,86% capital ratio
Rasio Non-Performing Non-Performing
Finance - neto max. 5% 0,59% 0,48% Finance - net
Rasio Non-Performing Non-Performing
Finance - gross - 1,05% 0,70% Finance - gross
Rasio piutang pembiayaan neto Net financing to
terhadap total aset min. 40% 93,34% 93,33% asset ratio
Rasio saldo piutang pembiayaan Net financing receivables
Neto terhadap total pendanaan - 114,12% 116,65% to total funding ratio
Rasio saldo piutang pembiayaan Balance of receivables for investment
investasi dan pembiayaan financing and working capital
modal kerja terhadap total financing to total balance of the
saldo piutang pembiayaan min. 10% 56,12% 56,72% financing receivables
Rasio penyertaan langsung - 0,00% 0,00% Direct participation ratio
36. PENYELESAIAN LAPORAN KEUANGAN 36. COMPLETION OF THE FINANCIAL
STATEMENTS
Manajemen Perseroan bertanggung jawab atas The management of the Company is responsible for
penyusunan dan penyajian wajar laporan keuangan the preparation and fair presentation of these
ini sesuai dengan Standar Akuntansi Keuangan di financial statements in accordance with Indonesian
Indonesia, yang diselesaikan dan disetujui oleh Financial Accounting Standards which were
Direksi Perseroan untuk diterbitkan pada tanggal completed and authorized for issuance by the
24 Januari 2025. Board of Directors on 24 January 2025.
124
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AWAKENING A NEW SPIRIT LEADING THE MARKET
No. SEOJK CROSS REFERENCE NO. 16 /SEOJK.04/2021: FORM AND CONTENT OF ANNUAL REPORT
ANNUAL REPORT OF ISSUERS OR PUBLIC COMPANIES
Description of Annual Report Content Location Page
1 The Annual Report shall contain at least:
a. overview of key financial data; 12
b. share information (if any); N/A
c. report of the Board of Directors; 42-49
d. report of the Board of Commissioners; 36-41
e. profile of the Issuer or Public Company; 57-113
f. management discussion and analysis; 114-157
g. governance of the Issuer or Public Company; 158-311
h. social and environmental responsibility of the Issuer or Public Company 312-318
i. audited annual financial statements; and 320
j. statement letter of members of the Board of Directors and members of the Board of Commission- 52-53
ers regarding responsibility for the Annual Report.
2 Description of Annual Report Content
Summary of key financial data contains financial information presented in comparative form for 3
(three) financial years or since commencement of business if the Issuer or Public Company has
been in business for less than 3 (three) years, including at least:
1) revenue/sales; 12
2) gross profit; 12
3) profit (loss); 12
4) total profit (loss) attributable to owners of the parent entity and non-controlling interests; 12
5) total comprehensive income (loss); 12
6) total comprehensive income (loss) attributable to owners of the parent entity and non-con- 12
trolling interests;
7) earnings (loss) per share; 12
8) total assets; 14
9) total liabilities; 15
10) total equity; 15
11) ratio of profit (loss) to total assets; 17
12) ratio of profit (loss) to equity; 17
13) ratio of profit (loss) to revenue/sales; 17
14) current ratio; 17
15) ratio of liabilities to equity; 17
16) ratio of liabilities to total assets; and 17
17) other financial information and ratios relevant to the Issuer or Public Company and its industry. 17
Share Information
b. Share information for Public Listed Company shall at least contain:
1) shares issued for each quarterly period presented in a comparative form for the last 2 (two) 18
fiscal years, at least containing:
a) number of shares outstanding N/A
b) market capitalization based on prices on the stock exchange where the shares are listed; N/A
c) the highest, lowest, and closing share price based on the price on the stock exchange where N/A
the shares are listed; and
d) trading volume on the stock exchange where the shares are listed. N/A
The information in letter b), letter c), and letter d) is only disclosed if the shares are listed on the
stock exchange.
460 PT Mandiri Tunas Finance
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Financial Report
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07
2) in the event of corporate actions that cause changes to the shares, such as stock splits, re-
verse stock mergers, stock dividends, bonus shares, changes in par value of shares, issuance
of convertible securities, and capital increases and decreases, the information on shares as
referred to in point 1) shall be added with explanations at least regarding:
a) date of implementation of the corporate action; 18
b) the ratio of stock split, reverse stock merger, stock dividend, bonus shares, number of convert- 18
ible securities issued, and changes in the nominal value of shares;
c) the number of shares outstanding before and after the corporate action; 18
d) number of convertible securities exercised (if any); and 18
e) share price before and after the corporate action; 18
3) in the event of suspension and/or delisting during the financial year, the reasons for the suspen N/A
sion and/or delisting are explained; and
4) in the event that the suspension as referred to in point 3) and/or delisting process is still ongoing N/A
until the end of the Annual Report period, the actions taken to resolve the suspension and/or delist-
ing are explained.
c. Report of the Board of Directors
The report of the Board of Directors shall at least contain a brief description of:
1) performance of the Issuer or Public Company, at least containing:
a) strategic strategies and policies of the Issuer or Public Company; 44
b) the role of the Board of Directors in the formulation of strategic strategies and policies of the 45
Issuer or Public Company;
c) the process undertaken by the Board of Directors to ensure the implementation of the Issu- 45
er's or Public Company's strategy;
d) comparison between the results achieved and those targeted by the Issuer or Public 46
Company; and
e) obstacles faced by the Issuer or Public Company; 47
2) description of the business prospects of the Issuer or Public Company; and 47
3) implementation of governance of the Issuer or Public Company. 48
d. Board of Commissioners Report
The Board of Commissioners' report at least contains a brief description of:
1) assessment of the performance of the Board of Directors regarding the management of the 38
Issuer or Public Company, including the supervision of the Board of Commissioners in the for-
mulation and implementation of the strategy of the Issuer or Public Company carried out by the
Board of Directors;
2) views on the business prospects of the Issuer or Public Company prepared by the Board of 39
Directors; and
3) views on the implementation of governance of the Issuer or Public Company. 40
e. Profile of Issuer or Public Company 58
Profile of Issuer or Public Company at least contains information on:
1) name of the Issuer or Public Company, including if there is a change of name, 58
reasons for the change, and the effective date of the change of name in the financial year;
2) access to the Issuer or Public Company, including branch offices or representative offices, that
enable the public to obtain information on representative offices that enable the public to 58
obtain information about Issuer or Public Company, including:
a) address; 58
b) telephone number 58
c) electronic mail address; and 58
d) website address; 58
3) brief history of the Issuer or Public Company; 59
4) vision and mission of the Issuer or Public Company, as well as corporate culture or corporate 66
values;
PT Mandiri Tunas Finance
Annual Report 2024 461
Page 461
AWAKENING A NEW SPIRIT LEADING THE MARKET
5) business activities according to the latest articles of association, business activities carried 68
out in the financial year, and types of goods and/or services produced;
6) operational area of the Issuer or Public Company; operational area is the area or region where 106
operational activities are carried out or the scope of the company's operational activities.
7) organizational structure of the Issuer or Public Company in the form of a chart, at least up to a 70-71
structure of 1 (one) level below the Board of Directors, including committees under the Board
of Directors (if any) and committees under the Board of Commissioners, accompanied by
names and positions;
8) list of membership of industry association,s both on a national and international scale, relat- 69
ing to the implementation of sustainable finance
9) profile of the Board of Directors, at least containing:
a) name and position in accordance with duties and responsibilities; 77-79
b) recent photograph; 77-79
c) age; 77-79
d) nationality; 77-79
e) education and/or certification history; 77-79
f) history of position, including information on:
(1) legal basis of appointment as member of the Board of Directors in the Issuer or Public 77-79
Company concerned;
(2) concurrent positions, either as a member of the Board of Directors, a member of the Board 77-79
of Commissioners, and/or a member of a committee and other positions both inside and
outside the Issuer or Public Company. In the event that a member of the Board of Directors
does not hold concurrent positions, the same shall be disclosed; and
(3) work experience and period of time both inside and outside the Issuer or Public Company; 77-79
g) affiliation with other members of the Board of Directors, members of the Board of Commis- 77-79
sioners, major shareholders, and controllers, either directly or indirectly up to the individual
owner, including the name of the affiliated party. In the event that members of the Board of
Directors have no affiliation, the Issuer or Public Company shall disclose the same; and
h) changes in the composition of members of the Board of Directors and the reasons for the 72
changes. In the event that there is no change in the composition of the members of the
Board of Directors, it shall be disclosed regarding such matter.
10) Profile of the Board of Commissioners, at least contains:
a) name and position; 72
b) recent photograph; 73-76
c) age; 73-76
d) nationality; 73-76
e) education and/or certification history; 73-76
f) history of position, including information on: 73-76
(1) legal basis for appointment as member of the Board of Commissioners; 73-76
(2) legal basis for the first appointment as a member of the Board of Commissioners who is an 73-76
independent commissioner of the relevant Issuer or Public Company;
(3) concurrent positions, either as a member of the Board of Commissioners, a member of the 73-76
Board of Directors, and/or a member of a committee and other positions both inside and out-
side the Issuer or Public Company. In the event that a member of the Board of Commissioners
does not
has no concurrent position, it shall be disclosed regarding such matter; and 73-76
(4) work experience and period of time both inside and outside the Issuer or Public Company; 73-76
g) affiliation with other members of the Board of Commissioners, major shareholders, and controllers 73-76
either directly or indirectly up to individual owners, including the names of affiliated parties; In
the event that members of the Board of Commissioners have no affiliation, the Issuer or Public
Company shall disclose the same;
h) statement of independence of independent commissioners in the event that independent com- 75-76
missioners have served more than 2 (two) periods; and
462 PT Mandiri Tunas Finance
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07
i) changes in the composition of members of the Board of Commissioners and the reasons for the 72
changes. In the event that there is no change in the composition of the members of the Board of
Commissioners, it shall be disclosed regarding this matter;
11) in the event that there is a change in the composition of members of the Board of Directors N/A
and/or members of the Board of Commissioners that occurs after the end of the fiscal year until
the deadline for submitting the Annual Report, the composition included in the Annual Report is
the last and previous composition of members of the Board of Directors and/or members of the
Board of Commissioners;
12) number of employees by gender, position, age, education level, and employment status (perma- 86-88
nent/contract) in the financial year; Disclosure of information can be presented in the form of a
table.
13) names of shareholders and percentage of ownership at the beginning and end of the financial
year, consisting of information regarding:
a) shareholders who own 5% (five percent) or more of the shares of the Issuer or Public Compa- 94
ny;
b) members of the Board of Directors and members of the Board of Commissioners who own
shares of the Issuer or Public Company. 94
In the event that all members of the Board of Directors and/or all members of the Board of
Commissioners do not own shares, this should be disclosed; and
c) groups of public shareholders, namely groups of shareholders who each own less than 5%
94
(five percent) of the Issuer's or Public Company's shares;
The above information may be presented in tabular form.
14) percentage of indirect ownership of shares of the Issuer or Public Company by members 94
of the Board of Directors and members of the Board of Commissioners at the beginning and
end of the financial year, including information on shareholders registered in the register of
shareholders for the benefit of indirect ownership of members of the Board of Directors and
members of the Board of Commissioners;
In the event that all members of the Board of Directors and/or all members of the Board of
Commissioners do not have indirect ownership of the Issuer's or Public Company's shares, then
disclose the matter.
15) number of shareholders and percentage of ownership as of the end of the financial year
based on classification:
a) local institutional ownership; 94
b) foreign institutional ownership; 94
c) local individual ownership; and 94
d) foreign individual ownership; 94
16) information on major shareholders and controlling shareholders of the Issuer or Public Compa- 95
ny, either directly or indirectly, down to individual owners, presented in the form of schemes or
charts;
17) names of subsidiaries, associated companies, joint venture companies where the Issuer or Public 100
Company has joint control of the entity (if any), along with percentage of share ownership, line
of business, total assets, and operating status of subsidiaries, associated companies, joint ven-
ture companies; for subsidiaries, information on the address of the subsidiary should be added.
18) chronological listing of shares, number of shares, nominal value, and offering price from the N/A
beginning of the listing until the end of the financial year as well as the name of the stock
exchange where the shares of the Issuer or Public Company are listed, including stock splits,
reverse stock combinations, stock dividends, bonus shares, and changes in nominal value of
shares, implementation of convertible securities, implementation of capital increase and reduc-
tion (if any);
19) information on the listing of other securities other than the securities as referred to in point 18), 99-100
which have not matured in the financial year, at least containing the name of the securities, year
of issuance, interest rate/yield, maturity date, offering value, and securities rating (if any);
20) information on the use of services of public accountants (AP) and public accounting firms (KAP) 101
and their networks/associations/alliances, including:
a) name and address; 101
b) period of engagement; 101
c) information on audit and/or non-audit services provided; 101
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
d) audit and/or non-audit fees for each assignment provided during the fiscal year; and
e) in the event that the appointed AP and KAP, along with their network/association/alliance, do 101
not provide non-audit services, the information shall be disclosed; and
Disclosure of information on the use of services of AP and KAP, along with its network/associa-
tion/alliance, may be presented in the form of a table.
21) names and addresses of capital market supporting institutions and/or professions other than 102-103
AP and KAP.
f. Management Discussion and Analysis
Management's Discussion and Analysis contains analysis and discussion of the financial state-
ments and other key information with an emphasis on material changes in the financial state-
ments.
financial statements and other important information with an emphasis on material changes that
occurred during the year under review.
occurred during the financial year, which at least contains:
1) review of operations per business segment in accordance with the type of industry of the Issuer
or Public Company, at least regarding:
a) production, including process, capacity, and development; 116-129
b) revenue/sales; and 116-129
c) profitability; 116-129
2) comprehensive financial performance that includes a comparison of financial performance in
the last 2 (two) fiscal years, an explanation of the causes of the changes, and the impact of
these changes, at least regarding:
a) current assets, non-current assets, and total assets; 130
b) current liabilities, long-term liabilities, and total liabilities; 130
c) equity; 130
d) revenue/sales, expenses, profit (loss), other comprehensive income, and total comprehensive 131
income (loss); and
e) cash flow; 134-135
3) ability to pay debts or obligations by presenting relevant ratio calculations; 137
4) collectibility level of receivables of the Issuer or Public Company by presenting relevant ratio 139
calculation;
5) capital structure and management policy on the capital structure, along with the basis for de- 142-143
termining the policy;
6) discussion of material ties for investment in capital goods with an explanation containing at
least:
a) the purpose of the bond; 143
b) the expected source of funds to fulfill the bond; 143
c) the currency in which it is denominated; and 143
d) measures planned by the Issuer or Public Company to hedge the risk of the related foreign 143
currency position;
7) discussion on investment in capital goods realized in the last fiscal year, at least contains:
a) type of capital goods investment; 144
b) purpose of capital goods investment; and 144
c) the value of investment in capital goods incurred 144
8) information and material facts that occurred after the date of the accountant's report (if any); 144
9) business prospects of the Issuer or Public Company in relation to industry conditions, the econ- 146
omy in general, and international markets, accompanied by quantitative supporting data from
reliable data sources;
10) comparison between targets/projections at the beginning of the financial year and the results
achieved (realization), regarding:
a) revenue/sales; 145
464 PT Mandiri Tunas Finance
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b) profit (loss); 145
c) capital structure; or 145
d) other matters considered important for the Issuer or Public Company; 145
11) targets/projections to be achieved by the Issuer or Public Company for the next 1 (one) year, 144
concerning
146
(one) year ahead, regarding:
a) revenue/sales; 145
b) profit (loss); 145
c) capital structure 145
d) dividend policy; or 145
e) other matters considered important for the Issuer or Public Company; 145
12) marketing aspects of the goods and/or services of the Issuer or Public Company, at least regard- 147
ing marketing strategy and market share;
13) description of dividends for the last 2 (two) financial years, at least:
a) dividend policy, including information on the percentage of dividends distributed to net in- 147
come;
b) the cash dividend payment date and/or non-cash dividend distribution date; 147
c) the amount of dividends per share (cash and/or non-cash); and 147
d) the amount of dividends per year paid; 147
Disclosure of information may be presented in tabular form. In the event that the Issuer or Public
Company has not distributed dividends in the last 2 (two) years, it shall disclose the same.
14) realization of use of proceeds from public offering, provided that: 147
a) in the event that, during the financial year, the Issuer has an obligation to submit a report on 149
the realization of the use of proceeds, the realization of the use of proceeds from public offer-
ing shall be disclosed cumulatively up to the end of the financial year; and
b) in the event that there is a change in the use of proceeds as stipulated in the Financial Services 149
Authority Regulation regarding the report on the realization of the use of proceeds from public
offering, the Issuer shall explain such change;
15) material information (if any), among others, regarding investment, expansion, divestment, merg-
er/consolidation, acquisition, debt/capital restructuring, material transaction, affiliated transaction,
and conflict of interest transaction, which occurred in the financial year, at least contains:
a) date, value, and object of the transaction; 150-152
b) the name of the party conducting the transaction; 150-152
c) the nature of the affiliated relationship (if any); 150-152
d) explanation of the fairness of the transaction; 150-152
e) fulfillment of related provisions; and 150-152
f) in the event of an affiliated relationship, in addition to disclosing the information as referred to
in letters a) to e), the Issuer or Public Company shall also disclose:
(1) statement of the Board of Directors that the affiliated transaction has gone through ade- N/A
quate procedures to ensure that the affiliated transaction is carried out in accordance with
generally accepted business practices, among others, by fulfilling the armslength principle;
and
(2) the role of the Board of Commissioners and audit committee in conducting adequate
N/A
procedures to ensure that related party transactions are carried out in accordance with
generally accepted business practices, among others, by fulfilling the armslength principle;
g) for affiliated transactions or material transactions that are business activities carried out in N/A
order to generate business income and are carried out routinely, repeatedly, and/or con-
tinuously, an explanation is added that the affiliated transaction or material transaction is a
business activity carried out in order to generate business income and is carried out routinely,
repeatedly, and/or continuously;
In the event that the affiliated transaction or material transaction has been disclosed in the annual
financial statements, information is added
information regarding the reference of disclosure in the annual financial report.
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
h) for the disclosure of affiliated transactions and/or conflict of interest transactions that are the N/A
result of the implementation of affiliated transactions and/or conflict of interest transactions that
have been approved by independent shareholders, information is added regarding the date of the
GMS that approved the affiliated transactions and/or conflict of interest transactions;
i) in the event that there are no affiliated transactions and/or conflict of interest transactions, then N/A
disclose the same;
16) changes in laws and regulations that significantly affect the Issuer or Public Company and its 154-155
impact on the financial statements (if any); and
17) changes in accounting policies, reasons and impact on financial statements (if any). 155-156
g) Governance of Issuers or Public Companies
The governance of the Issuer or Public Company at least contains a brief description of:
1) GMS, at least contains:
a) Information regarding the resolutions of the GMS in the financial year and 1 (one) year prior to the 175-181
financial year including:
(1) resolutions of the GMS in the financial year and 1 (one) year prior to the financial year that were 175-181
realized in the financial year; and
(2) resolutions of the GMS in the financial year and 1 (one) year prior to the financial year that have N/A
not been realized along with the reasons for not being realized;
b) in the event that the Issuer or Public Company uses an independent party in the implementation 178
of the GMS to conduct vote counting, it shall disclose such matter;
2) Board of Directors, at least contains:
a) duties and responsibilities of each member of the Board of Directors; 192-193
Information regarding the duties and responsibilities of each member of the BOD is described and
may be presented in the form of a table.
b) a statement that the Board of Directors has a guideline or charter of the Board of Directors; 191
c) policy and implementation of the frequency of meetings of the Board of Directors, joint meetings 203-210
of the Board of Directors with the Board of Commissioners, and the attendance rate of members of
the Board of Directors in such meetings including attendance at the GMS;
Information on the level of attendance of members of the Board of Directors in Board of Directors 175-181
meetings, joint meetings of the Board of Directors with the Board of Commissioners, or GMS can be
presented in the form of a table.
d) training and/or competency improvement of members of the Board of Directors:
(1) training and/or competency improvement policy of members of the Board of Directors, including 193, 194
orientation program for newly appointed members of the Board of Directors (if any); and
(2) training and/or competency improvement attended by members of the Board of Directors in the 77-79, 89-93
financial year (if any);
e) the Board of Directors' assessment of the performance of committees that support the imple-
mentation of the duties of the Board of Directors in the financial year at least contains:
1) performance assessment procedures; and 195
2) criteria used such as performance achievement during the financial year, competence and atten- 195
dance in meetings; and
f) in the event that the Issuer or Public Company does not have a committee that supports the im- N/A
plementation of the duties of the Board of Directors, then disclose the matter.
3) Board of Commissioners, at least contains:
a) duties and responsibilities of the Board of Commissioners; 183-184
b) a statement that the Board of Commissioners has a guideline or charter for the Board of Commis- 183
sioners;
c) policy and implementation of the frequency of meetings of the Board of Commissioners, meetings 203-204, 209-210
of the Board of Commissioners with the Board of Directors, and the level of attendance of members
of the Board of Commissioners in such meetings, including attendance at the GMS;
466 PT Mandiri Tunas Finance
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Information on the level of attendance of members of the Board of Commissioners in meetings of
the Board of Commissioners, meetings of the Board of Commissioners with the Board of Directors,
or GMS can be
presented in the form of a table.
d) training and/or competency improvement of members of the Board of Commissioners:
(1) training and/or competency improvement policy for members of the Board of Commissioners, 185
including an orientation program for newly appointed members of the Board of Commissioners (if
any); and
(2) training and/or competency improvement attended by members of the Board of Commissioners 73-76, 89-93
in the financial year (if any);
e) performance assessment of the Board of Directors and the Board of Commissioners, as well
as each member of the Board of Directors and a member of the Board of Commissioners, at least
containing:
(1) procedures for conducting performance appraisal; 196-198
(2) criteria used, such as performance achievements during the fiscal year, competenc,e and atten- 196-198
dance at meetings; and
(3) the party conducting the assessment; and 196, 197
f) the Board of Commissioners' assessment of the performance of the Committee that supports the
implementation of the duties of the Board of Commissioners in the financial year, including:
(1) performance assessment procedures; and 40-41, 186-188
(2) criteria use,d such as performance achievements during the financial year, competence, and 40-41, 186-188
attendance at meetings;
4) Nomination and remuneration of the Board of Directors and the Board of Commissioners, con-
taining at least:
a) nomination procedures, including a brief description of the policies and processes for nominating 198-200
members of the Board of Directors and/or members of the Board of Commissioners; and
b) procedures and implementation of remuneration of the Board of Directors and the Board of Com-
missioners, among others:
(1) procedures for determining the remuneration of the Board of Directors and the Board of Com- 200
missioners;
(2) remuneration structure of the Board of Directors and the Board of Commissioners, such as sala- 200
ry, allowances, tantiem/bonus, and others; and
(3) the amount of remuneration of each member of the Board of Directors and members of the 202
Board of Commissioners; Disclosure of information may be presented in the form of a table.
5) Sharia supervisory board, for Issuers or Public Companies conducting business based on sharia N/A
principles as stated in the articles of association, at least contains:
a) name; N/A
b) legal basis for the appointment of the sharia supervisory board; N/A
c) the period of assignment of the sharia supervisory board; N/A
d) duties and responsibilities of the sharia supervisory board; and N/A
e) the frequency and manner of providing advice and counsel, and supervising the fulfillment of N/A
sharia principles in the capital market to the Issuer or Public Company;
6) Audit committee, at least contains:
a) name and position in the committee membership; 75, 216
b) age; 75, 216
c) nationality; 75, 216
d) education history; 75, 216
e) history of position, including information on:
(1) legal basis for appointment as a member of the committee; 75, 216
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
(2) dual position, either as member of the Board of Commissioners, member of the Board of Direc- 75, 216
tors, and/or member of committee and other position (if any); and
(3) work experience and period of time both inside and outside the Issuer or Public Company; 75, 216
f) period and term of office of audit committee members; 75, 216
g) statement of independence of the audit committee; 217
h) training and/or competency improvement that has been followed in the financial year (if any); 75, 89-93, 216
i) policy and implementation of the frequency of audit committee meetings and the level of atten- 220
dance of audit committee members at the meetings; and
j) implementation of audit committee activities in the fiscal year as stated in the guidelines or char- 221-222
ter of the audit committee;
7) nomination and remuneration committee or function of the Issuer or Public Company,
at least contains:
a) name and position in the committee membership; 74-75, 224
b) age; 74-75, 224
c) nationality; 74-75, 224
d) education history; 74-75, 224
e) history of position, including information on:
(1) legal basis for appointment as a member of the committee; 74-75, 224
(2) dual position, either as member of the Board of Commissioners, member of the Board of Direc- 74-75, 224
tors, and/or member of committee and other position (if any); and
(3) work experience and period of time both inside and outside the Issuer or Public Company; 74-75, 224
f) period and tenure of committee members; 74-75, 224
g) statement of independence of the committee; 224-225
h) training and/or competency improvement that has been followed in the financial year (if any); 74-75, 89-93, 224
i) description of duties and responsibilities; 225-226
j) statement that it has a guideline or charter; 225
k) policy and implementation of the frequency of meetings and the level of attendance of members 227
at the meetings;
l) brief description of the implementation of activities in the financial year; and 228
m) in the event that no nomination and remuneration committee is formed, the Issuer or Public N/A
Company shall disclose the information as referred to in letter i) up to letter l) and disclose:
(1) the reason for not forming the committee; and N/A
(2) the party that carries out the nomination and remuneration function; N/A
8) other committees owned by the Issuer or Public Company in order to support the functions and
duties of the Board of Directors (if any) and/or committees supporting the functions and duties of
the Board of Directors
functions and duties of the Board of Directors (if any) and/or committees that support the func-
tions and duties of the Board of Commissioners, at least contain
Commissioners, at least contains:
a) name and position in the committee membership; 214-247
b) age; 214-247
c) nationality; 214-247
d) education history; 214-247
e) history of position, including information on:
(1) legal basis for appointment as a member of the committee; 214-247
(2) dual position, either as a member of the Board of Commissioners, member of the Board of Direc- 214-247
tors, and/or a member of a committee and other position (if any); and
468 PT Mandiri Tunas Finance
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Financial Report
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(3) work experience and period of time both inside and outside the Issuer or Public Company; 214-247
f) period and tenure of committee members; 214-247
g) statement of independence of the committee; 214-247
h) training and/or competency improvement that has been participated in the financial year (if any); 89-93
and
i) description of duties and responsibilities; 214-247
j) a statement that the committee has a guideline or charter; 214-247
k) policy and implementation of the frequency of committee meetings and the level of attendance of 214-247
committee members at the meetings; and
l) brief description of the implementation of committee activities in the financial year; 214-247
9) Corporate secretary, at least contains:
a) name; 245
b) domicile; 245
c) history of position, including:
(1) legal basis for appointment as company secretary; and 245
(2) work experience and period of time both inside and outside the Issuer or Public Company; 245
d) education history 245
e) training and/or competency improvement attended in the financial year; and 247
f) a brief description of the implementation of the duties of the company secretary in the financial 247
year;
10) Internal audit unit at least contains:
a) name of the head of the internal audit unit; 263
b) history of position, including:
(1) legal basis for appointment as head of the internal audit unit; and 263
(2) work experience and period of time both inside and outside the Issuer or Public Company; 263
c) qualification or certification as an internal audit professional (if any); 263
d) training and/or competency improvement attended in the financial year; 89-93, 267
e) structure and position of internal audit unit; 264
f) description of duties and responsibilities; 266-267
g) a statement that the internal audit unit has a guideline or charter; and 265
h) brief description of the implementation of the internal audit unit's duties during the year under 268-269
review, including policies and implementation of frequency of meetings with the Board of Directors,
Board of Commissioners, and/or audit committee;
11) description of the internal control system implemented by the Issuer or Public Company, at least
containing:
a) financial and operational controls, and compliance with other laws and regulations; 280-281
b) review of the effectiveness of the internal control system; and 282
c) statement of the Board of Directors and/or Board of Commissioners on the adequacy of the inter- 282
nal control system;
12) risk management system implemented by the Issuer or Public Company, at least containing:
a) overview of the Issuer's or Public Company's risk management system; 270-273
b) types of risks and how they are managed 273-276
c) review of the effectiveness of the risk management system of the Issuer or Public Company; and 276-277
d) statement of the Board of Directors and/or Board of Commissioners or audit committee on the 277
adequacy of the risk management system;
13) legal cases with material impact faced by the Issuer or Public Company, subsidiaries, members
of the Board of Directors, and members of the Board of Commissioners (if any), at least containing:
PT Mandiri Tunas Finance
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AWAKENING A NEW SPIRIT LEADING THE MARKET
a) subject matter of the case/defense; 282-283
b) status of settlement of the case/defense; and 282
c) its effect on the condition of the Issuer or Public Company; 283
14) information on administrative sanctions/sanctions imposed on the Issuer or Public Company, 283
members of the Board of Commissioners and members of the Board of Directors, by the Financial
Services Authority and other authorities in the financial year (if any);
15) information on the code of ethics of the Issuer or Public Company, including:
a) points of code of ethics; 288-289
b) form of socialization of the code of ethics and its enforcement; and 289-290
c) statement that the code of ethics applies to members of the Board of Directors, members of the 289
Board of Commissioners, and employees of the Issuer or Public Company;
16) brief description of the policy of providing performance-based long-term compensation to 148
management and/or employees owned by the Issuer or Public Company (if any), among others, in
the form of a management stock ownership program (MSOP) and/or an employee stock ownership
program (ESOP);
In the case of compensation in the form of a management stock ownership program (MSOP) and/or N/A
an employee stock ownership program (ESOP), the information disclosed shall at least contain:
a) number of shares and/or options; N/A
b) period of exercise; N/A
c) eligible employee and/or management requirements; and N/A
d) exercise price or determination of exercise price; N/A
17) a brief description of the disclosure policy regarding:
a) share ownership of members of the Board of Directors and members of the Board of Commis- 213
sioners no later than 3 (three) business days after the occurrence of ownership or any change in
ownership of shares of the Public Listed Company; and
b) implementation of such policy; 213
18) description of the whistleblowing system in the Issuer or Public Company, at least containing:
a) how to submit a violation report; 292-293
b) protection for whistleblowers 292-293
c) complaint handling; 292-293
d) the party managing the complaint; and 292-293
e) results of complaint handling, at least: 292-293
(1) the number of complaints received and processed in the fiscal year; and 292-293
(2) follow-up of complaints; 292-293
In the event that the Issuer or Public Company does not have a whistleblowing system, it should
disclose this matter.
19) description of anti-corruption policy of the Issuer or Public Company, at least containing:
a) programs and procedures in place to address corruption, kickbacks, fraud, bribery, and/or gratu- 291-292
ities within the Issuer or Public Company; and
b) anti-corruption training/socialization to employees of the Issuer or Public Company; in the event 291-292
that the Issuer or Public Company does not have an anti-corruption policy, the reasons for not hav-
ing such policy should be explained.
20) implementation of the Public Company governance guidelines for Issuers that issue equity
securities or Public Companies, including:
a) statement on recommendations that have been implemented; and/or 171
b) explanation of recommendations that have not been implemented, accompanied by reasons and 171
alternative implementation (if any).
Disclosure of information may be presented in the form of a table.
h. Social and Environmental Responsibility of Issuers or Public Companies
470 PT Mandiri Tunas Finance
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Financial Report
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The Social and Environmental Responsibility section of the Issuer or Public Company is presented 318
in the form of Sustainability Reporting which is an integral part of this Annual Report.
i Audited Annual Financial Statements
The annual financial statements contained in the Annual Report are prepared in accordance with 320
Indonesian financial accounting standards and have been audited by a public accountant registered
with the Financial Services Authority. The annual financial statements contain a statement regard-
ing the responsibility for the financial statements as stipulated in the Financial Services Authority
Regulation regarding the responsibility of the Board of Directors for financial statements or laws and
regulations in the capital market sector governing periodic reports of securities companies in the
event that the Issuer is a securities company.
Statement Letter of Members of the Board of Directors and Members of the Board of Commissioners
on Responsibility for the Annual Report
The statement letter of members of the Board of Directors and members of the Board of Commis- 52-53
sioners regarding responsibility for the Annual Report is prepared in accordance with the format of
the Statement Letter of Members of the Board of Directors and Members of the Board of Commis-
sioners regarding Responsibility for the Annual Report as set out in Appendix I which is an integral
part of this Circular Letter of the Financial Services Authority.
PT Mandiri Tunas Finance
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2024 Annual Report Graha Mandiri 3A Floor Jl. Imam Bonjol No. 61 Jakarta 10310 Tel. (62-21) 2305608 Fax. (62-21) 2305618
Names mentioned 185 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Mandiri Tunas Finance Year
p.2
unresolved
org
PT Mandiri Tunas Finance Annual
p.2 ×124
unresolved
org
Bank Mandiri Win
p.4
unresolved
org
Bank Deposits
p.12
unresolved
org
PT Tunas Ridean.
p.18 ×19
unresolved
org
Indonesia Stock Exchange
p.20 ×6
unresolved
org
PT TUV NORD Indonesia
p.23
unresolved
org
PT TUV SUD Indonesia
p.23
unresolved
org
PT Mandiri Tunas Finance Head Office
p.24 ×5
unresolved
org
Yayasan Nurul Iman Jafariah
p.25
unresolved
org
PT Mandiri Tunas Finance The Board
p.26
unresolved
org
Bank Financial Institution Award
p.29
unresolved
org
Bank Mandiri Sports
p.29
unresolved
org
Bank Mandiri Anniversary
p.31
unresolved
org
PT Mandiri
p.37 ×2
unresolved
org
Bank Mandiri’s Captive
p.38
unresolved
org
Financial Services Authority
p.39 ×20
unresolved
org
Tunas Finance
· President Commissioner
p.41 ×2
unresolved
org
PT Mandiri Tunas Finance RICO ADISURJA SETIAWAN
p.41
unresolved
org
PT Bank Mandiri Ratio
p.45
unresolved
org
Bank Indonesia
p.47 ×2
unresolved
person
Furthermore
· President Director
p.49 ×2
unresolved
org
Tunas Finance Management
· Director
p.49
unresolved
org
PT Mandiri Tunas Finance PINOHADI G. SUMARDI
p.49
unresolved
org
PT Tunas Financindo Corporation
p.58 ×7
unresolved
org
PT Tunas Financindo Sarana
p.58 ×5
unresolved
person
Social Media Misahardi Wilamarta
p.58
unresolved
org
Minister of Justice
p.58
unresolved
org
Minister of Finance
p.59
unresolved
org
PT Tunas Financindo
p.59 ×3
unresolved
org
PT Mandiri Tunas Finance. Thus
p.60
unresolved
org
PT MANDIRI TUNAS CORPORATION
p.63
unresolved
org
PT Tunas Financindo Corporation. As
p.63
unresolved
person
Adam Kasdarmadji S.H.
· Notaris
p.63
unresolved
org
Minister of Law and Legislation
p.63
unresolved
org
PT Tunas Ridean. In
p.63
unresolved
org
PT Tunas
p.64 ×6
unresolved
org
Financindo Corporation
p.64
unresolved
org
Manado. Mandiri (Persero) Tbk.
p.65
unresolved
person
Improve Indonesia’s
· Member
p.69
unresolved
org
PT Rapi Utama Indonesia
p.69
unresolved
org
Bank Cybersecurity
p.73 ×5
unresolved
org
PT Mandiri Utama Finance
p.73
unresolved
org
PT Tunas Dwipa Matra
p.73 ×3
unresolved
org
PT Asia Surya
p.73
unresolved
org
Surya | 2009)
Perkasa
p.73
unresolved
org
PT Tunas Dwipa
p.73 ×2
unresolved
org
PT Tunas Andalan Pratama
p.73
unresolved
org
PT Tunas Rid-ean
p.73
unresolved
person
M. Kholid Artha
· Notaris
p.74
unresolved
org
PT Eflag Solutions Indonesia
p.75
unresolved
—
Pinohadi G. Sumardi
· President Director
p.77 ×2
unresolved
org
Bank Cybersecurity Book Review
p.83
unresolved
—
Dadan Hamdhani
p.84
unresolved
—
Ivan Ferdinand Thanta
p.84 ×2
unresolved
person
Regional Division Head Regional
· Director
p.84 ×3
unresolved
—
Ronald Rajagukguk
p.84
unresolved
—
Fleet 1 Division Head
p.85
unresolved
person
Public Training
· Komisaris
p.92
unresolved
org
PT Aurora Bisnis
p.92
unresolved
org
PT Tunas Ridean INFORMATION ON MANDIRI TUNAS FINANCE
p.94
unresolved
person
Totok’s
p.94
unresolved
org
Carriage Ltd
p.95
unresolved
org
Bank Mandiri Deed Sutjipto
p.95
unresolved
org
PT Bank Bumi Daya (Persero)
p.95
unresolved
org
PT Bank Dagang Negara (Persero)
p.95 ×2
unresolved
—
Rohan Haf
· Commissioner
p.97
unresolved
person
Arif Budimanta
· Commissioner
p.97
unresolved
org
PT Tunas Ridean Tunas Indonesia Motor
p.97
unresolved
org
PT Tunas Mobilindo Perkasa
p.97
unresolved
org
PT Tunas Mobilindo
p.97
unresolved
org
PT Tunas Aset Sarana
p.97
unresolved
org
PT Surya Sudeco
p.97 ×4
unresolved
org
PT Rahardja Ekalancar
p.97
unresolved
org
PT Mitra Asri Pratama
p.97
unresolved
org
PT Mega Armada Sudeco. Asia Surya Perkasa
p.97
unresolved
org
PT Tunas Ridean Company Name
p.98
unresolved
org
Share Listing
· Company Name
p.98
unresolved
person
Anton Setiawan
· President Commissioner
p.98 ×2
unresolved
person
Hong Anton Leoman
· Commissioner
p.98
unresolved
person
Tenny Febyana Halim
· Director
p.98
unresolved
person
Wilfrid Foo Tsu-Jin
· Commissioner
p.98
unresolved
person
Alfredo Chandra
· Commissioner
p.98
unresolved
person
Ester Tanudjaja
· Director
p.98
unresolved
person
Andrew Ling
· Director
p.98
unresolved
org
Purwantono
p.101
unresolved
—
Assignment Period
p.102 ×10
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.102
unresolved
org
PT Fitch Rating DBS Bank Tower
p.102
unresolved
org
PT Pemeringkat Efek Indonesia
p.103
unresolved
org
PT Mandiri Sekuritas Menara Mandiri Tower I
p.103
unresolved
org
PT BRI Danareksa Sekuritas
p.103
unresolved
person
PPAT Ir. Nanette Cahyanie Handari Adi Warsito
p.103 ×2
unresolved
org
BM & Partners
p.103
unresolved
person
Poernomo Idna Yashinta
p.103
unresolved
person
H. Wisma Haroen
p.103
unresolved
—
Annual Report 2024
p.103
unresolved
person
H. Adam Malik
p.108 ×2
unresolved
person
Dr. M. Hatta
p.109
unresolved
person
Hj. Tutty Alawiyah
p.110
unresolved
person
Dr. Sutomo Gang
p.112
unresolved
org
Ministry of Finance
p.117
unresolved
org
Minister of SOEs
p.200
unresolved
org
Minister of SOEs No. PER-
p.200
unresolved
org
EY Global Limited
p.222
unresolved
org
PT Mandiri Tunas Finance Opini
p.325
unresolved
org
PT MANDIRI TUNAS FINANCE CATATAN ATAS
p.345 ×5
unresolved
org
Ministry of Laws
p.345
unresolved
person
Subarnac
· Komisaris Independen
p.345
unresolved
—
Marlan Marthi
· Anggota
p.345
unresolved
person
Achmad
· Anggota
p.345
unresolved
person
Indra Riyawan
· Anggota
p.345 ×2
unresolved
person
Irwan Tri Nugroho
· Anggota
p.345
unresolved
org
Dana Pensiun Bank Mandiri
p.432 ×2
unresolved
org
PT Bank Mandiri Taspen
p.432
unresolved
org
PT AXA Insurance Indonesia
p.432 ×2
unresolved
org
PT Mandiri AXA General Insurance
p.432
unresolved
org
PT Asuransi Jasa Indonesia (Persero)
p.432
unresolved
org
PT Kimia Farma Apotek
p.432
unresolved
org
PT Kimia Farma Diagnostika
p.432
unresolved
org
PT Kimia Farma Trading
p.432
unresolved
org
PT Asuransi Jiwa Taspen
p.432
unresolved
org
Bank Mandiri Group Karyawan
p.432
unresolved
org
PT AXA
p.432
unresolved
org
PT AXA Insurance Indonesia. Per
p.432
unresolved
org
PT AXA Insurance
p.432
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